MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUMINO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
307, Swaika Centre, 4th Floor, 4A, Pollock Street, Kolkata
– 700001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.03.2005 |
|
|
|
|
Com. Reg. No.: |
21-102556 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.303.395 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14293WB2005PLC102556 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALL01667B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Conductors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Cash Credit) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07.12.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Bank Guarantee) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
07.12.2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
307, Swaika Centre, 4th Floor, 4A, Pollock Street, Kolkata
– 700001, West Bengal, India |
|
Tel. No.: |
91-33-22353263 |
|
Fax No.: |
91-33-22152923 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
“Usha Kiran”, 12A Camac Street, 5th Floor, Kolkata – 700017,
West Bengal, India |
|
|
|
|
Works : |
At/Po: Biprannapara Jalan Complex, P.S.: Domjur, Howrah – 711411, West
Bengal, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Purushottam Dass Goel |
|
Designation : |
Managing director |
|
Address : |
4, Alipore Park Place, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
01.08.1948 |
|
Date of Appointment : |
30.03.2005 |
|
DIN No.: |
00673269 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U70101WB1987PTC042427 |
GENUINE
REAL ESTATES PRIVATE LIMITED |
Director |
26/07/1987 |
26/07/1987 |
- |
Active |
NO |
|
2 |
U14220WB1988PTC043591 |
LASER
CABLES PRIVATE LIMITED |
Director |
17/01/1988 |
17/01/1988 |
10/11/2011 |
Active |
NO |
|
3 |
U70109WB1991PTC052778 |
IN
STYLE FARMS PRIVATE LIMITED |
Director |
20/08/1991 |
20/08/1991 |
- |
Active |
NO |
|
4 |
U67120WB1992PTC056195 |
DRP
TRADING AND INVESTMENT PRIVATE LIMITED |
Director |
17/08/1992 |
17/08/1992 |
20/11/2011 |
Active |
NO |
|
5 |
U70101WB1995PTC074563 |
DEVENDRA
CONSTRUCTION PRIVATE LIMITED |
Director |
27/09/1995 |
27/09/1995 |
26/11/2007 |
Active |
NO |
|
6 |
U14200WB1997PTC085933 |
LASER
ELECTRICAL INDUSTRIES PRIVATE LIMITED |
Director |
19/11/1997 |
19/11/1997 |
- |
Active |
NO |
|
7 |
U51909WB1995PTC070180 |
JALSAGAR
SALES AGENCY PRIVATE LIMITED |
Director |
15/03/2005 |
15/03/2005 |
- |
Active |
NO |
|
8 |
U14293WB2005PLC102556 |
LUMINO
INDUSTRIES LIMITED |
Managing
director |
1/04/2007 |
30/03/2005 |
10/11/2011 |
Active |
NO |
|
9 |
U27203WB2005PLC104710 |
LASER
ALUMINIUM COMPANY LIMITED |
Director |
1/09/2005 |
1/09/2005 |
- |
Amalgamated |
NO |
|
10 |
U45202WB2006PTC109170 |
SALSAR
PROJECTS PRIVATE LIMITED |
Director |
8/05/2006 |
8/05/2006 |
- |
Active |
NO |
|
11 |
U45309WB2006PTC109399 |
SHANTINIKETAN
INFRASTURUCTURE PRIVATE LIMITED |
Director |
16/05/2006 |
16/05/2006 |
- |
Active |
NO |
|
12 |
U70101WB2006PTC110067 |
SHIVANGAN
NIRMAN PRIVATE LIMITED |
Director |
7/08/2006 |
7/08/2006 |
- |
Active |
NO |
|
13 |
U51909WB2008PTC127889 |
JBLD
TRADING PRIVATE LIMITED |
Director |
25/07/2008 |
25/07/2008 |
18/08/2010 |
Active |
NO |
|
14 |
U51109WB2006PTC108991 |
TIRUMALA
MART PRIVATE LIMITED |
Director |
26/03/2009 |
26/03/2009 |
- |
Active |
NO |
|
15 |
U52399WB2009PTC137049 |
MONARK
DEALCOM PRIVATE LIMITED |
Director |
8/08/2009 |
8/08/2009 |
- |
Active |
NO |
|
16 |
U51109WB2008PTC126675 |
LIFELINE
COMMOTRADE PRIVATE LIMITED |
Additional
director |
16/04/2010 |
16/04/2010 |
18/08/2010 |
Active |
NO |
|
17 |
U70200WB2010PTC151407 |
LAL
DASS PROPERTIES PRIVATE LIMITED |
Director |
19/07/2010 |
19/07/2010 |
18/08/2010 |
Active |
NO |
|
18 |
U40105WB2010PLC151600 |
LUMINO
POWER INFRASTRUCTURE LIMITED |
Director |
23/07/2010 |
23/07/2010 |
- |
Active |
NO |
|
19 |
U70200WB2010PTC152128 |
DRP
REALTORS PRIVATE LIMITED |
Director |
10/08/2010 |
10/08/2010 |
18/08/2010 |
Active |
NO |
|
Name : |
Mr. Deepak Goel |
|
Designation : |
Whole-time director |
|
Address : |
4, Alipore Park Place, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
20.02.1969 |
|
Date of Appointment : |
30.03.2005 |
|
DIN No.: |
00673430 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U14220WB1988PTC043591 |
LASER
CABLES PRIVATE LIMITED |
Director |
17/01/1988 |
17/01/1988 |
- |
Active |
NO |
|
2 |
U51505WB1990PTC048881 |
SIGMA
SALES PRIVATE LIMITED |
Director |
20/04/1990 |
20/04/1990 |
16/07/2010 |
Active |
NO |
|
3 |
U17119GJ1993PTC020467 |
LASER
SYNTHETICS PRIVATE LIMITED |
Director |
19/10/1993 |
19/10/1993 |
28/01/2009 |
Active |
NO |
|
4 |
U14200WB1997PTC085933 |
LASER
ELECTRICAL INDUSTRIES PRIVATE LIMITED |
Director |
19/11/1997 |
19/11/1997 |
- |
Active |
NO |
|
5 |
U17119GJ2003PTC043137 |
LASER
FILAMENT PRIVATE LIMITED |
Director |
4/11/2003 |
4/11/2003 |
28/10/2007 |
Active |
NO |
|
6 |
U14293WB2005PLC102556 |
LUMINO
INDUSTRIES LIMITED |
Whole-time
director |
1/08/2011 |
30/03/2005 |
- |
Active |
NO |
|
7 |
U27203WB2005PLC104710 |
LASER
ALUMINIUM COMPANY LIMITED |
Director |
1/09/2005 |
1/09/2005 |
- |
Amalgamated |
NO |
|
8 |
U45309WB2006PTC109399 |
SHANTINIKETAN
INFRASTURUCTURE PRIVATE LIMITED |
Director |
10/11/2006 |
10/11/2006 |
26/06/2008 |
Active |
NO |
|
9 |
U45200WB2006PTC111909 |
SRI
SHYAM PROJECTS PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
- |
Active |
NO |
|
10 |
U70200WB2010PTC151407 |
LAL
DASS PROPERTIES PRIVATE LIMITED |
Director |
19/07/2010 |
19/07/2010 |
18/08/2010 |
Active |
NO |
|
11 |
U40105WB2010PLC151600 |
LUMINO
POWER INFRASTRUCTURE LIMITED |
Director |
23/07/2010 |
23/07/2010 |
- |
Active |
NO |
|
12 |
U70200WB2010PTC152128 |
DRP
REALTORS PRIVATE LIMITED |
Director |
10/08/2010 |
10/08/2010 |
18/08/2010 |
Active |
NO |
|
13 |
U51101WB2010PTC148261 |
BARDEN
AGENCIES PRIVATE LIMITED |
Director |
7/06/2011 |
7/06/2011 |
- |
Active |
NO |
|
14 |
U51909WB2010PTC148117 |
ASTRA
VINIMAY PRIVATE LIMITED |
Director |
7/06/2011 |
7/06/2011 |
- |
Active |
NO |
|
15 |
U51109WB2005PTC102428 |
SANATAN
VINIMAY PRIVATE LIMITED |
Director |
29/09/2011 |
7/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Devendra Goel |
|
Designation : |
Director |
|
Address : |
4, Alipore Park Place, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
21.10.1972 |
|
Date of Appointment : |
04.04.2005 |
|
DIN No.: |
00673447 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U14220WB1988PTC043591 |
LASER
CABLES PRIVATE LIMITED |
Director |
1/06/1993 |
1/06/1993 |
- |
Active |
NO |
|
2 |
U17119GJ1993PTC020467 |
LASER
SYNTHETICS PRIVATE LIMITED |
Director |
30/11/1993 |
30/11/1993 |
28/01/2009 |
Active |
NO |
|
3 |
U70101WB1995PTC074562 |
PULKIT
PROPERTIES PRIVATE LIMITED |
Director |
27/09/1995 |
27/09/1995 |
- |
Active |
NO |
|
4 |
U70101WB1995PTC074563 |
DEVENDRA
CONSTRUCTION PRIVATE LIMITED |
Director |
27/09/1995 |
27/09/1995 |
- |
Active |
NO |
|
5 |
U14200WB1997PTC085933 |
LASER
ELECTRICAL INDUSTRIES PRIVATE LIMITED |
Director |
19/11/1997 |
19/11/1997 |
- |
Active |
NO |
|
6 |
U51909WB1995PTC070180 |
JALSAGAR
SALES AGENCY PRIVATE LIMITED |
Director |
1/06/1999 |
1/06/1999 |
- |
Active |
NO |
|
7 |
U17119GJ2003PTC043137 |
LASER
FILAMENT PRIVATE LIMITED |
Director |
4/11/2003 |
4/11/2003 |
28/10/2007 |
Active |
NO |
|
8 |
U70101WB1987PTC042427 |
GENUINE
REAL ESTATES PRIVATE LIMITED |
Director |
12/03/2005 |
12/03/2005 |
- |
Active |
NO |
|
9 |
U67120WB1992PTC056195 |
DRP
TRADING AND INVESTMENT PRIVATE LIMITED |
Director |
18/03/2005 |
18/03/2005 |
- |
Active |
NO |
|
10 |
U14293WB2005PLC102556 |
LUMINO
INDUSTRIES LIMITED |
Director |
4/04/2005 |
4/04/2005 |
- |
Active |
NO |
|
11 |
U27203WB2005PLC104710 |
LASER
ALUMINIUM COMPANY LIMITED |
Director |
1/09/2005 |
1/09/2005 |
- |
Amalgamated |
NO |
|
12 |
U70109WB1991PTC052778 |
IN
STYLE FARMS PRIVATE LIMITED |
Director |
23/12/2005 |
23/12/2005 |
- |
Active |
NO |
|
13 |
U45200WB2007PTC112794 |
RAMKRISHNA
INFRASTRUCTURE PRIVATE LIMITED |
Director |
25/01/2007 |
25/01/2007 |
- |
Active |
NO |
|
14 |
U25203WB2007PTC115392 |
NAGREEKA
POLYFAB PRIVATE LIMITED |
Director |
27/04/2007 |
27/04/2007 |
11/01/2011 |
Active |
NO |
|
15 |
U45400WB2007PTC120547 |
UNIQUE
HEIGHTS PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
- |
Active |
NO |
|
16 |
U51909WB2008PTC127889 |
JBLD
TRADING PRIVATE LIMITED |
Director |
25/07/2008 |
25/07/2008 |
31/08/2010 |
Active |
NO |
|
17 |
U80301AS2009PTC009047 |
NORTH
EASTERN EDUCARE AND RESEARCH PRIVATE LIMITED |
Director |
29/09/2010 |
5/06/2009 |
- |
Active |
NO |
|
18 |
U74900WB2009PTC139269 |
AAYUSH-PRATIK
DEALCOMM PRIVATE LIMITED |
Director |
9/11/2009 |
9/11/2009 |
- |
Active |
NO |
|
19 |
U70200WB2010PTC151407 |
LAL
DASS PROPERTIES PRIVATE LIMITED |
Director |
19/07/2010 |
19/07/2010 |
31/08/2010 |
Active |
NO |
|
20 |
U40105WB2010PLC151600 |
LUMINO
POWER INFRASTRUCTURE LIMITED |
Director |
23/07/2010 |
23/07/2010 |
- |
Active |
NO |
|
21 |
U70200WB2010PTC152128 |
DRP
REALTORS PRIVATE LIMITED |
Director |
10/08/2010 |
10/08/2010 |
31/08/2010 |
Active |
NO |
|
22 |
U70109WB2010PTC155049 |
D.S.
DEVELOPERS PRIVATE LIMITED |
Director |
26/11/2010 |
26/11/2010 |
- |
Active |
NO |
|
23 |
U51909WB2007PTC119092 |
EMBASSY
VYAPAAR PRIVATE LIMITED |
Director |
29/09/2011 |
2/12/2010 |
- |
Active |
NO |
|
24 |
U51101WB2010PTC143823 |
KASAUTI
DEALTRADE PRIVATE LIMITED |
Director |
15/09/2011 |
6/01/2011 |
- |
Active |
NO |
|
25 |
U52300WB2009PTC139092 |
ORBIT
MERCHANT PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
26 |
U52190WB2009PTC139116 |
RELINE
DEVELOPERS PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
27 |
U51909WB2008PTC129368 |
VIDULA
AGENCY PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
28 |
U52190WB2009PTC139126 |
READY
CONSTRUCTION PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
29 |
U52190WB2009PTC139055 |
SUNRISE
E-SERVICES PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
30 |
U52190WB2009PTC139093 |
HAWK
SALES PRIVATE LIMITED |
Director |
22/11/2011 |
11/02/2011 |
- |
Active |
NO |
|
31 |
U51101WB2010PTC148261 |
BARDEN
AGENCIES PRIVATE LIMITED |
Director |
7/06/2011 |
7/06/2011 |
- |
Active |
NO |
|
32 |
U51909WB2010PTC148117 |
ASTRA
VINIMAY PRIVATE LIMITED |
Director |
7/06/2011 |
7/06/2011 |
- |
Active |
NO |
|
33 |
U51109WB2005PTC102428 |
SANATAN
VINIMAY PRIVATE LIMITED |
Director |
29/09/2011 |
7/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Devesh Goel |
|
Designation : |
Director |
|
Address : |
4, Alipore Park Place, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
08.12.1991 |
|
Date of Appointment : |
20.07.2011 |
|
DIN No.: |
02992306 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51109WB2008PTC121837 |
SIGMA
VYAPAAR PRIVATE LIMITED |
Director |
13/04/2010 |
13/04/2010 |
- |
Active |
NO |
|
2 |
U74120WB2007PTC119463 |
REGAL
FINANCIAL ADVISORY PRIVATE LIMITED |
Director |
17/05/2010 |
17/05/2010 |
- |
Active |
NO |
|
3 |
U14293WB2005PLC102556 |
LUMINO
INDUSTRIES LIMITED |
Director |
30/09/2011 |
20/05/2010 |
10/11/2011 |
Active |
NO |
|
4 |
U14220WB1988PTC043591 |
LASER
CABLES PRIVATE LIMITED |
Director |
30/09/2011 |
20/05/2010 |
10/11/2011 |
Active |
NO |
|
5 |
U51109WB2008PTC126675 |
LIFELINE
COMMOTRADE PRIVATE LIMITED |
Director |
18/08/2010 |
18/08/2010 |
- |
Active |
NO |
|
6 |
U70200WB2010PTC152128 |
DRP
REALTORS PRIVATE LIMITED |
Director |
28/09/2011 |
18/08/2010 |
- |
Active |
NO |
|
7 |
U70100WB2010PTC152803 |
DEVESH
BUILDCON PRIVATE LIMITED |
Director |
6/09/2010 |
6/09/2010 |
- |
Active |
NO |
|
8 |
U70102WB2010PTC152902 |
LUMINO
PROPERTIES PRIVATE LIMITED |
Director |
9/09/2010 |
9/09/2010 |
- |
Active |
NO |
|
9 |
U70101WB2010PTC152996 |
LASER
DEVELOPERS PRIVATE LIMITED |
Director |
14/09/2010 |
14/09/2010 |
- |
Active |
NO |
|
10 |
U45400WB2010PTC154153 |
GOEL
PROPCON PRIVATE LIMITED |
Director |
18/10/2010 |
18/10/2010 |
- |
Active |
NO |
|
11 |
U51909WB2007PTC119092 |
EMBASSY
VYAPAAR PRIVATE LIMITED. |
Director |
29/09/2011 |
2/12/2010 |
- |
Active |
NO |
|
12 |
U51101WB2010PTC143823 |
KASAUTI
DEALTRADE PRIVATE LIMITED |
Director |
15/09/2011 |
6/01/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Puja Mohan |
|
Designation : |
Secretary |
|
Address : |
201, NSC Bose Road, Kolkata – 700040, West Bengal, India |
|
Date of Appointment : |
01.08.2011 |
|
PAN No.: |
AYBPP0136D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Deepak Goel |
1349500 |
|
Shanti Devi Goel |
1032000 |
|
Purushottam Dass Goel |
389500 |
|
Rashmi Goel |
90000 |
|
Devendra Goel |
1331500 |
|
Rakhi Goel |
72000 |
|
Sangeeta Terkriwal |
600 |
|
Jalsagar Sales Agency Private Limited, India |
8830000 |
|
DRP Trading Investments Private Limited, India |
2480000 |
|
Laser Electrical Industries Private Limited, India |
3740000 |
|
Malina Daw |
100 |
|
Laser Cables Private Limited, India |
4290000 |
|
Sigma Vyapaar Private Limited, India |
1518300 |
|
Adishwar Trade Link Private Limited, India |
2607000 |
|
Welkon Goods Private Limited, India |
2500000 |
|
Embassy Vyapaar Private Limited, India |
10000 |
|
Regal Financial Advisory Private Limited, India |
99000 |
|
TOTAL |
30339500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
85.94 |
|
Directors or relatives of Directors |
14.06 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Conductors. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Prime Corporate Branch, Bells House,
21 Camac Street, Ground Floor, Kolkata – 700016, West Bengal, India ·
Bank of Baroda,
Kolkata, West Bengal, India ·
Andhra Bank, Kolkata, West Bengal,
India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SDP and Associates Chartered Accountants |
|
Address : |
46C, Chowringhee Road, Everest House, Flat No. 14G, Kolkata – 700071,
West Bengal, India |
|
PAN.: |
AARFS4093A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31000000 |
Equity Shares |
Rs.10/- each |
Rs. 310.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30339500 |
Equity Shares |
Rs.10/- each |
Rs. 303.395
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31000000 |
Equity Shares |
Rs.10/- each |
Rs. 310.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 304.425
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
303.395 |
298.441 |
242.441 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
496.235 |
173.416 |
105.586 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
799.630 |
471.857 |
348.027 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
483.826 |
237.436 |
374.861 |
|
|
2] Unsecured Loans |
184.590 |
106.523 |
32.678 |
|
|
TOTAL BORROWING |
668.416 |
343.959 |
407.539 |
|
|
DEFERRED TAX LIABILITIES |
0.473 |
0.490 |
0.357 |
|
|
|
|
|
|
|
|
TOTAL |
1468.519 |
816.306 |
755.923 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.461 |
21.284 |
18.004 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.864 |
3.446 |
0.800 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
370.894
|
286.179 |
132.179 |
|
|
Sundry Debtors |
1454.899
|
852.159 |
658.449 |
|
|
Cash & Bank Balances |
244.157
|
224.819 |
252.289 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
276.807
|
354.853 |
118.394 |
|
Total
Current Assets |
2346.757
|
1718.010 |
1161.311 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
770.517
|
663.175 |
341.839 |
|
|
Other Current Liabilities |
0.000
|
170.740 |
18.127 |
|
|
Provisions |
138.046
|
92.519 |
64.308 |
|
Total
Current Liabilities |
908.563
|
926.434 |
424.274 |
|
|
Net Current Assets |
1438.194
|
791.576 |
737.037 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.082 |
|
|
|
|
|
|
|
|
TOTAL |
1468.519 |
816.306 |
755.923 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3495.446 |
2482.252 |
2496.429 |
|
|
|
Other Income |
0.248 |
0.445 |
7.772 |
|
|
|
TOTAL (A) |
3495.694 |
2482.697 |
2504.201 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
2958.638 |
2046.044 |
|
|
|
|
Manufacturing service costs |
80.692 |
60.031 |
|
|
|
|
Contract cost |
89.910 |
37.055 |
|
|
|
|
Employee related costs |
28.243 |
29.920 |
|
|
|
|
Administrative selling other expenses |
150.240 |
134.702 |
|
|
|
|
Extraordinary items |
0.000 |
10.446 |
|
|
|
|
TOTAL (B) |
3307.723 |
2318.198 |
2365.214 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
187.971 |
164.499 |
138.987 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.986 |
53.316 |
43.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
125.985 |
111.183 |
95.508 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.401 |
4.065 |
2.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
121.584 |
107.118 |
92.634 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.513 |
39.286 |
32.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
80.071 |
67.832 |
60.508 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
156.841 |
95.792 |
41.335 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
8.007 |
6.783 |
6.051 |
|
|
BALANCE CARRIED
TO THE B/S |
228.905 |
156.841 |
95.792 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.68 |
3.23 |
4.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.29
|
2.73 |
2.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.48
|
4.32 |
3.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.13
|
6.16 |
7.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.97
|
2.96 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.58
|
1.85 |
2.74 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U14293WB2005PLC102556 |
|
Name of the
company |
LUMINO INDUSTRIES
LIMITED |
|
Address of the
registered office or of the principal place of business in |
307, Swaika Centre, 4th Floor, 4A, Pollock Street, Kolkata
– 700001, West Bengal, India Email : devendra@lasercables.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90255438 |
|
Type of charge |
Book debts Movable property
(not being pledge) Plant and
Machineries, Fixed Assets |
|
Particular of
charge holder |
Canara Bank, Prime Corporate Branch, Bells House, 21 Camac Street,
Ground Floor, Kolkata – 700016, West Bengal, India Email : tapankumarghosh@canbank.co.in
|
|
Nature of
instrument creating charge |
1. Supplemental
Joint Deed Of Hypothecation 2. Supplemental
Working Capital Consortium Agreement 3. Board
Resolution dated 07.01.2011 |
|
Date of
instrument Creating the charge |
10.01.2011 |
|
Amount secured by
the charge |
Rs.3530.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Second
Schedule to Supplemental Working capital Consortium Agreement Terms of repayment All loans are
repayable on demand Margin As stipulated by the
Consortium Banks Extent and operation of the charge Primary
Securities: The entire Current Assets including Stock and Book Debts, present
and future of the Company based on pari-passu basis in favour of Canara Bank,
the Lead Bank and Bank of Baroda and Andhra Bank, other Member Banks of the
Consortium and Collateral Securities: The entire Plant and Machineries and
Fixed Assets on pari-passu basis in
favour of Canara Bank, the Lead Bank and Bank of Baroda and Andhra Bank, other
Member Banks of the Consortium to the extent Overall limit of Rs.3530.000
Millions Others By this
Consortium sanction Lead Bank Canara Bank enhanced limit from Rs.1531.300 to
Rs. 1765.000 Millions. Bank of Baroda enhanced limit from Rs.105.26 to
Rs.1235.500 Millions and Andhra Bank enhanced limit from Rs.367.500 to
Rs.529.500 Millions. Total Consortium limit enhanced from Rs.2951.400 to
Rs.3530.000 Millions. Other terms and conditions as remain unchanged |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of the
Current Assets of the Borrower namely stocks of raw materials, stocks in
process, semi-finished goods, stores and spares not relating to Plant and
machinery, Bills Receivable and Book Debts and all other assets and movables
both present and future whether lying loose or in cases or which are now
lying or stored in or about the or shall hereinafter from time to time during
the continuance of his
security of these presents be brought into or upon or be stored or be in
about the Borrower's factories, premises and godowns situated at Jalan
Industrial Estate, Domjur, Howrah in the State of West Bengal or wherever else the same may be on
pari-passu basis in favour of Canara Bank (lead bank) and Bank of Baroda and
Andhra Bank, members of the Consortium Entire Plant and Machineries and Fixed Assets located at
Borrower's factories, premises and godowns situated at Jalan
Industrial Estate, Domjur ,Howrah in the State of West Bengal or wherever else the same may be on
pari-passu basis in favour of Canara Bank (lead bank) and Bank of Baroda and
Andhra Bank, members of the Consortium The Charge shall now vest with Canara Bank, Prime Corporate Branch,
Kolkata on transfer of limits from Canara Bank, SME Branch |
|
Date of
instrument modifying the charge |
01.06.2010 |
|
Particulars of
the present modification |
By this
modification Overall Consortium limit
enhanced from Rs.2951.400 to Rs.3530.000 Millions as follows:- CB
BOB AB Total OCC/ODBD 267.500
187.500 80.300 535.300 BULC 197.500 138.000 59.200
394.700 BG 1075.000 752.500
322.500 2150.000 ILC/FLC 225.000 157.500 67.500
450.000 TOTAL
1765.000 1235.500 529.500
3530.000 |
FIXED ASSETS
·
Goodwill
·
Computer and Printer
·
Factory Shed
·
Furniture and Fixtures
·
Motor Car
·
Plant and Machinery
·
Office Equipments
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 55.52 |
|
|
1 |
Rs. 88.49 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.