MIRA
INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
LYKIS LIMITED (w.e.f 17.05.2012) |
|
|
|
|
Formerly Known
As : |
GREENLINE TEA AND EXPORTS LIMITED |
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Registered
Office : |
14, N. S. Road, 3rd Floor, Sathi Chamber, Room No.314-B,
Kolkata – 700001, West Bengal |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
15.10.1984 |
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Com. Reg. No.: |
21-038064 |
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Capital Investment
/ Paid-up Capital : |
Rs.56.256 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74999WB1984PLC038064 |
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|
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PAN No.: [Permanent Account No.] |
AABCG0155C |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchange. |
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Line of Business
: |
Manufacturer of Tea and Trader of FMCG Products. |
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 460000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Mr. P. K. Jha, Senior Accountant has provided us all information and
reported that the company has achieved a healthy growth in the turnover
during 2013 as they have included a new activity in their business of Trading
of FMCG Products from April 2012. It has incurred loss from its operations during 2012. The financial
strength of the company is moderate. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. P. K. Jha |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-9883175967 |
|
Date : |
09.04.2013 |
LOCATIONS
|
Registered Office : |
14, N. S. Road, 3rd Floor, Sathi Chamber, Room No.314-B,
Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-30028835 |
|
Mobile No.: |
91-9883175967 (Mr. P. K. Jha) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate Office : |
405/406, Morya Classic, Opposite Infinity Mall, Off Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-61236123 |
|
E-Mail : |
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|
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|
Factory: |
Located at: Assam |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Vijay Kishanlal Kedia |
|
Designation : |
Director |
|
Address : |
501,
Renaissance, 5th Floor, 40 Gulmohar Road, Juhu, Vileparle (West), Mumbai-400049,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1959 |
|
Date of Appointment : |
02.05.2011 |
|
DIN No.: |
00230480 |
|
PAN No.: |
AAOPK6277D |
|
|
|
|
Name : |
Mr. Prince Ram Tulsian |
|
Designation : |
Managing Director |
|
Address : |
339, 6th Floor,
Canal Street (Shreebhumi), Lake Town, North 24 Parganas, Kolkata-700048, West
Bengal, India |
|
Date of Birth/Age : |
28.01.1976 |
|
Date of Appointment : |
22.12.2009 |
|
DIN No.: |
02691348 |
|
PAN No.: |
ACJPT0077H |
|
|
|
|
Name : |
Mr. Bhagwati Prasad Lohia |
|
Designation : |
Director |
|
Address : |
24 Salt Lake,
Block-CB, Bidhannagar, 24 Parganas (North), Kolkata-700064, West Bengal,
India |
|
Date of Birth/Age : |
25.11.1958 |
|
Date of Appointment : |
02.05.2011 |
|
DIN No.: |
01778213 |
|
PAN No.: |
AAZPL5008N |
|
|
|
|
Name : |
Mr. Nadir Dhroliya Umedali |
|
Designation : |
Director |
|
Address : |
A-106, 1st Flr
Byculla Service Industries Sussex Road Byculla (East), Mumbai-400027,
Maharashtra, India |
|
Date of Birth/Age : |
02.10.1975 |
|
Date of Appointment : |
05.12.2011 |
|
DIN No.: |
03303675 |
|
PAN No.: |
AHSPD9326K |
|
|
|
|
Name : |
Mr. Samir Bhattacharjee |
|
Designation : |
Director |
|
Address : |
701, Vaishali Apartment, Janki Kutir, Juhu Church Road, Juhu, Mumbai -
400049, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1957 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05342149 |
|
PAN No.: |
ADWPB0790K |
|
|
|
|
Name : |
Mr. Nazim Sadrudin Charania |
|
Designation : |
Director |
|
Address : |
28/A, Karimabad
Society, Gondal, Rajkot – 360311, Gujarat, India |
|
Date of Birth/Age : |
18.03.1974 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
03117883 |
KEY EXECUTIVES
|
Name : |
Mr. P. K. Jha |
|
Designation : |
Senior Accountant |
|
|
|
|
Name : |
Mr. Udayan Bal |
|
Designation : |
Compliance Officer |
|
|
|
|
Name : |
Mr. Pratik Desai |
|
Designation : |
Company Secretary |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
ALZPD6476H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.12.2012)
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
861250 |
5.98 |
|
|
1333335 |
9.25 |
|
|
2194585 |
15.23 |
|
|
|
|
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
2194585 |
15.23 |
|
|
|
|
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
5400 |
0.04 |
|
|
5400 |
0.04 |
|
|
|
|
|
|
|
|
|
|
4177025 |
28.99 |
|
|
|
|
|
|
|
|
|
|
1055627 |
7.33 |
|
|
6974513 |
48.41 |
|
|
12207165 |
84.73 |
|
|
|
|
|
Total Public
shareholding (B) |
12212565 |
84.77 |
|
|
|
|
|
Total (A)+(B) |
14407150 |
100.00 |
|
|
|
|
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total
(A)+(B)+(C) |
14407150 |
100.00 |
(1)
Indian
Individuals
/ Hindu Undivided Family
Individual
shareholders holding nominal share capital up to Rs.0.100 MillionShareholding of securities (including shares,
warrants, convertible securities) of persons belonging to the category Promoter
and Promoter Group
|
Sl. No. |
Name of the Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
|
|
|
|
|
1. |
Vijay Kishanlal Kedia |
8,61,250 |
5.98 |
|
2. |
Kedia Securities Private Limited |
13,33,335 |
9.25 |
|
|
|
|
|
|
|
Total |
21,94,585 |
15.23 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons belonging
to the category Public and holding more than 1% of the total number of shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
|
|
|
|
|
|
1 |
Khushbu Auto Private Limited |
2000000 |
13.88 |
|
2 |
Vighnhar Holdings Private Limited |
2000000 |
13.88 |
|
3 |
Uttam Bharat Bagri |
1333335 |
9.25 |
|
4 |
Nazim Sadrudin Charania |
1665250 |
11.56 |
|
5 |
Salim Anwarali Kamani |
1107835 |
7.69 |
|
6 |
Sajid Umedali Dhrolia |
1026035 |
7.12 |
|
7 |
Ashwini Bhawsinghka |
195824 |
1.36 |
|
8 |
Nisha Rani |
175400 |
1.22 |
|
9 |
Pankaj Kumar Gupta |
160500 |
1.11 |
|
|
|
|
|
|
|
Total |
9664179 |
67.08 |
Shareholding of securities (including shares, warrants, convertible securities)
of persons (together with PAC) belonging to the category “Public” and holding
more than 5% of the total number of shares of the company
|
Sl. No. |
Name(s) of the shareholder(s) and the Persons
Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of Total No. of Shares |
|
|
|
|
|
|
1 |
Khushbu Auto Private Limited |
2000000 |
13.88 |
|
2 |
Vighnhar Holdings Private Limited |
2000000 |
13.88 |
|
3 |
Uttam Bharat Bagri |
1333335 |
9.25 |
|
4 |
Nazim Sadrudin Charania |
1665250 |
11.56 |
|
5 |
Salim Anwarali Kamani |
1107835 |
7.69 |
|
6 |
Sajid Umedali Dhrolia |
1026035 |
7.12 |
|
|
|
|
|
|
|
Total |
9132455 |
63.39 |
Details of
Locked-in Shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares |
Locked-in Shares as % of |
|
1 |
Nazim Sadrudin Charania |
12,00,000 |
8.33 |
|
2 |
Salim Anwarali Kamani |
7,33,335 |
5.09 |
|
3 |
Sajid Umedali Dhrolia |
7,33,335 |
5.09 |
|
4 |
Uttam Bharat Bagri |
13,33,335 |
9.25 |
|
5 |
Kedia Securities Limited |
13,33,335 |
9.25 |
|
6 |
Vijay Kishanlal Kedia |
7,00,750 |
4.86 |
|
7 |
Khushbu Auto Private Limited |
20,00,000 |
13.88 |
|
8 |
Vighnhar Holdings Private Limited |
20,00,000 |
13.88 |
|
|
|
|
|
|
|
Total |
1,00,34,090 |
69.65 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Tea and Trader of FMCG Products. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· Bank of India Kolkata CBB Branch, Kolkata, West Bengal, India · Indian Bank Kolkata Main Branch, Kolkata, West Bengal, India |
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Facilities : |
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Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Sanjay P. Agarwal and Associates Chartered Accountant |
|
Address : |
HMP House, 4
Fairlie Place, Mezzanine Floor Room No M - 29, Kolkata-700001, West Bengal,
India |
|
PAN No.: |
ABVFS9010N |
|
|
|
|
Associates : |
· Sanzi Group Import and Export · Kedia Securities Private Limited |
CAPITAL STRUCTURE
(AFTER -
28.09.2012)
Authorised Capital : Rs.200.000
Millions
Issued, Subscribed & Paid-up Capital : 149.590 Millions
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued &Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12614500 |
Equity Shares |
Rs.10/- each |
Rs.126.145
Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10407150 |
Equity Shares |
Rs.10/- each |
Rs.104.072
Millions |
|
2207350 |
Equity Shares |
Rs.2.5/- each |
Rs.5.518
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.109.590 Millions |
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued &Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7281160 |
Equity Shares |
Rs.10/- each |
Rs.72.812
Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5073810 |
Equity Shares |
Rs.10/- each |
Rs.50.738
Millions |
|
2207350 |
Equity Shares |
Rs.2.5/- each |
Rs.5.518
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.56.256 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
56.256 |
56.256 |
56.256 |
|
|
2] Share Application Money |
40.000 |
0.000 |
0.000 |
|
|
3] Money received against share warrants |
7.500 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
10.624 |
19.265 |
17.369 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
114.380 |
75.521 |
73.625 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.610 |
9.977 |
12.296 |
|
|
2] Unsecured Loans |
18.012 |
18.650 |
0.513 |
|
|
TOTAL BORROWING |
23.622 |
28.627 |
12.809 |
|
|
DEFERRED TAX LIABILITIES |
3.088 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.090 |
104.148 |
86.434 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
114.168 |
96.771 |
96.860 |
|
|
Capital work-in-progress |
1.559 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.798 |
0.100 |
0.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.548
|
7.453 |
2.292 |
|
|
Sundry Debtors |
11.386
|
15.998 |
15.517 |
|
|
Cash & Bank Balances |
4.662
|
0.413 |
1.290 |
|
|
Other Current Assets |
10.786
|
4.404 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
6.182 |
|
Total
Current Assets |
31.382
|
28.268 |
25.281 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
5.303
|
3.829 |
10.204 |
|
|
Other Current Liabilities |
11.164
|
16.812 |
25.253 |
|
|
Provisions |
0.350
|
0.350 |
0.350 |
|
Total
Current Liabilities |
16.817
|
20.991 |
35.807 |
|
|
Net Current Assets |
14.565
|
7.277 |
(10.526) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.090 |
104.148 |
86.434 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9.026 |
23.984 |
18.137 |
|
|
|
Other Income |
3.897 |
4.807 |
8.235 |
|
|
|
TOTAL (A) |
12.923 |
28.791 |
26.372 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
0.912 |
6.750 |
|
|
|
|
Purchases of stock-in-trade |
1.411 |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
2.923 |
(4.806) |
|
|
|
|
Employee benefit expense |
2.558 |
2.860 |
19.387 |
|
|
|
Other Expenses |
2.886 |
6.359 |
|
|
|
|
Expenditure on production, transportation and other expenditure
pertaining to E&P activities |
5.752 |
13.313 |
|
|
|
|
Prior Period Items |
2.868 |
0.000 |
|
|
|
|
TOTAL (B) |
19.310 |
24.476 |
19.387 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(6.387) |
4.315 |
6.985 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.346 |
1.255 |
2.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(7.733) |
3.060 |
4.472 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.621 |
1.026 |
1.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(8.354) |
2.034 |
3.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.218 |
0.000 |
(0.173) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(8.572) |
2.034 |
3.253 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(5.938) |
(9.191) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(3.904) |
(5.938) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.52) |
0.37 |
0.61 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.200.000 Millions
The above information has been parted by Mr. P. K. Jha.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(66.33)
|
7.06 |
12.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(92.55)
|
8.48 |
16.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.74)
|
1.63 |
2.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07)
|
0.03 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.21
|
0.38 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.35 |
0.71 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
5.303
|
3.829 |
10.204 |
|
|
|
|
|
|
Total |
5.303
|
3.829 |
10.204 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Intercorporate borrowings |
16.612 |
18.650 |
|
Deposits from directors |
1.400 |
0.000 |
|
|
|
|
|
Total |
18.012 |
18.650 |
NOTE:
The Registered office of the company has been
shifted from 26, Chowringhee Road, Kolkata, West Bengal, India, to the present
address w.e.f. 07.01.2011.
FIXED ASSETS:
· Building
· Factory
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer
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 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 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.54.46 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.