MIRA
INFORM REPORT
|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
LMJ INTERNATIONAL LIMITED |
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Registered
Office : |
15-B, Hemanta Basu Sarani, 5ht Floor, Kolkata – 700 001, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.11.1992 |
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Com. Reg. No.: |
21-056951 |
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Paid-up Capital
: |
Rs.160.000 Millions |
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CIN No.: [Company Identification
No.] |
U51226WB1992PLC056951 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Traders and Exporters of Tea, Coffee, Rice, Tea Bags, Jute Bags, Yeast
Fenugreek, Chick Peas, Sesean Seeds, Sugar and Fenu Greek |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its latest financials of
2013 with government department. Mr. Vikas Saraf, Chartered Accountant provided us the financials for
the year 2012 and 2013. As per available financials, Rating reflects sound financial risk
profile marked by improvement in performance of the company and established
track record of the promoters in the trading of various agro and non-agro
commodities. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based limits=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits=A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March, 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vikas Saraf |
|
Designation : |
Chartered Accountant |
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Contact No.: |
91-9331289127 |
|
Date : |
04.08.2014 |
LOCATIONS
|
Registered Office : |
15-B, Hemanta Basu Sarani, 5ht Floor, Kolkata – 700001, West |
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Tel. No.: |
91-33-39839999 / 22310950 |
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Mobile No.: |
91-9331289127 (Mr. Vikas Saraf) |
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Fax No.: |
91-33-39839900 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 29.09.2012
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Name : |
Mr. Suresh Kumar Jain |
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Designation : |
Managing Director |
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Address : |
26B, Camac Steet, Kolkata – 700016, West Bengal, India |
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Date of Birth/Age : |
21.04.1960 |
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Date of Appointment : |
09.01.2013 |
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PAN No: |
ACKPJ7702Q |
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DIN No.: |
00177788 |
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Other Directorship:
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Name : |
Mr. Lalit Tilakraj Bhasin |
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Designation : |
Director |
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Address : |
10/38, Hailey Road, 10th Floor, Dakshineshwar Building, New
Delhi – 110001, Delhi, India |
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Date of Birth/Age : |
19.01.1939 |
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Date of Appointment : |
01.01.2010 |
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PAN No: |
AADPB9629D |
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DIN No.: |
00001607 |
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Other Directorship:
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Name : |
Mr. Basudev Chandra Mallik |
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Designation : |
Director |
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Address : |
58, Munirka Enclave, New Delhi – 110067, Delhi, India |
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Date of Birth/Age : |
01.02.1945 |
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Date of Appointment : |
15.10.2007 |
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PAN No: |
ADMPM2569C |
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DIN No.: |
01605906 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Akhilesh Shukla |
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Designation : |
Secretary |
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Address : |
14, Madho Babu Lane, Ghusuri, Howrah-711107, West Bengal, India |
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Date of Birth/Age : |
26.06.1985 |
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Date of Appointment : |
31.03.2011 |
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PAN No.: |
BCSPS1004B |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Suresh Kumar Jain |
3424080 |
21.40 |
|
Suresh Kumar Jain (HUF) |
1480000 |
9.25 |
|
Siddharth Jain |
2137850 |
13.36 |
|
Jayant Kumar Jain |
1605300 |
10.03 |
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Navin Kumar Jain |
1926800 |
12.04 |
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Sunita Jain |
1042600 |
6.52 |
|
Hulash Chand Jain |
1865870 |
11.66 |
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Ekta Jain |
894000 |
5.59 |
|
Nilima Jain |
744000 |
4.65 |
|
Shalini Jain |
686000 |
4.29 |
|
LMJ Services Limited |
89000 |
0.56 |
|
LMJ Overseas Limited |
12000 |
0.08 |
|
LMJ Distributors Private Limited |
7000 |
0.04 |
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LMJ Commercial Private Limited |
5500 |
0.03 |
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Veerprabhu Marketing Limited |
80000 |
0.50 |
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TOTAL |
16000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
1.21 |
|
Directors or relatives of Directors |
98.79 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders and Exporters of Tea, Coffee, Rice, Tea Bags, Jute Bags, Yeast
Fenugreek, Chick Peas, Sesean Seeds, Sugar and Fenu Greek |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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|
|
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Bankers : |
·
Standard Chartered Bank, 19, Netaji Subhas Road,
Kolkata-700001, West Bengal, India ·
UCO Bank, International Branch, 4 and 4/1, Red Cross
Lance, Kolkata-700001, West Bengal, India
·
Indian Overseas Bank, F47, Malhotra Building,
Janpath, New Delhi – 110001, India ·
Canara Bank, Chowringhee Branch, 7, Kyd Street,
Kolkata – 700016, West Bengal, India ·
Syndicate Bank, Camac Street Branch, 26,
Shakespeare Sarani, Kolkata – 700017, West Bengal, India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M. K. Mitra and Associates Chartered Accountant |
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Address : |
178A, |
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Tel. No.: |
91-33-24611006 |
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Mobile No.: |
91-9830087692 |
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PAN No.: |
ADSPM8838P |
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Subsidiaries : |
Unicorp FZE, Dubai , UAE |
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Associates : |
·
LMJ Logistics Limited ·
LMJ Services Limited ·
Veerprabhu Marketing Limited ·
Bengal Food Park Limited ·
Internet Valley Limited ·
LMJ Business Centre Private Limited ·
LMJ Commercial Private Limited ·
LMJ Distributors Private Limited ·
LMJ Overseas Limited ·
LMJ Projects Private Limited ·
LMJ Technologies Private Limited ·
LMJ Warehousing Private Limited ·
LMJ Shipping Private Limited ·
Tamilnadu Mega Food Park Limited |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
160.000 |
160.000 |
|
(b) Reserves & Surplus |
|
920.087 |
825.695 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1080.087 |
985.695 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
61.451 |
86.126 |
|
(b) Deferred tax liabilities (Net) |
|
5.437 |
6.582 |
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(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
10.225 |
9.210 |
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Total Non-current Liabilities (3) |
|
77.113 |
101.918 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1621.289 |
1631.655 |
|
(b) Trade payables |
|
1080.682 |
215.229 |
|
(c) Other current
liabilities |
|
222.333 |
203.117 |
|
(d) Short-term provisions |
|
0.368 |
0.000 |
|
Total Current Liabilities (4) |
|
2924.672 |
2050.001 |
|
|
|
|
|
|
TOTAL |
|
4081.872 |
3137.614 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
416.159 |
442.879 |
|
(ii) Intangible Assets |
|
0.556 |
0.914 |
|
(iii) Capital
work-in-progress |
|
0.000 |
24.480 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
71.490 |
23.990 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
10.069 |
9.160 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
498.274 |
501.423 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1720.345 |
1018.877 |
|
(c) Trade receivables |
|
838.101 |
638.999 |
|
(d) Cash and cash
equivalents |
|
299.132 |
253.896 |
|
(e) Short-term loans and
advances |
|
701.019 |
684.419 |
|
(f) Other current assets |
|
25.001 |
40.000 |
|
Total Current Assets |
|
3583.598 |
2636.191 |
|
|
|
|
|
|
TOTAL |
|
4081.872 |
3137.614 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
160.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
696.900 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
856.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1954.535 |
|
|
2] Unsecured Loans |
|
|
10.886 |
|
|
TOTAL BORROWING |
|
|
1965.421 |
|
|
DEFERRED TAX LIABILITIES |
|
|
20.240 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2842.561 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
423.129 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
23.891 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1578.663
|
|
|
Sundry Debtors |
|
|
2563.285
|
|
|
Cash & Bank Balances |
|
|
540.113
|
|
|
Other Current Assets |
|
|
60.072
|
|
|
Loans & Advances |
|
|
306.184
|
|
Total
Current Assets |
|
|
5048.317
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2276.856
|
|
|
Other Current Liabilities |
|
|
368.122
|
|
|
Provisions |
|
|
7.798
|
|
Total
Current Liabilities |
|
|
2652.776
|
|
|
Net Current Assets |
|
|
2395.541
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2842.561 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11930.277 |
11391.163 |
11909.476 |
|
|
|
Other Income |
37.051 |
27.855 |
53.251 |
|
|
|
TOTAL (A) |
11967.328 |
11419.018 |
11962.727 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
11722.140 |
9594.359 |
0.000 |
|
|
|
Other expenses |
508.988 |
745.910 |
0.000 |
|
|
|
Consumption materials changes inventories |
(701.468) |
559.786 |
10651.310 |
|
|
|
Manufacturing service costs |
0.000 |
0.000 |
39.437 |
|
|
|
Employee related expenses |
24.268 |
45.011 |
43.132 |
|
|
|
Administrative selling other expenses |
0.000 |
0.000 |
946.052 |
|
|
|
Prior period items |
0.000 |
0.000 |
0.876 |
|
|
|
TOTAL (B) |
11553.928 |
10945.066 |
11680.807 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
413.400 |
473.952 |
281.920 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
247.296 |
325.917 |
141.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
166.104 |
148.035 |
140.627 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.632 |
26.670 |
21.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
136.472 |
121.365 |
119.422 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.498 |
(7.429) |
9.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
130.974 |
128.794 |
110.298 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
203.664 |
192.023 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
10.000 |
|
|
|
Loan Redemption Reserve |
|
|
70.000 |
|
|
|
Interim Dividend |
|
|
18.657 |
|
|
|
Corporate Dividend Tax |
|
|
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
203.664 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
7307.176 |
|
|
TOTAL EARNINGS |
NA |
NA |
7307.176 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
|
|
5730.334 |
|
|
TOTAL IMPORTS |
NA |
NA |
5730.334 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.19 |
8.05 |
6.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.09 |
1.13 |
0.92
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.14 |
1.07 |
1.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.40 |
3.93 |
2.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.56 |
1.74 |
2.29
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.29 |
1.90
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
160.000 |
160.000 |
|
Reserves & Surplus |
825.695 |
920.087 |
|
Net
worth |
985.695 |
1080.087 |
|
|
|
|
|
long-term borrowings |
86.126 |
61.451 |
|
Short term borrowings |
1631.655 |
1621.289 |
|
Total
borrowings |
1717.781 |
1682.740 |
|
Debt/Equity
ratio |
1.743 |
1.558 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
11909.476 |
11391.163 |
11930.277 |
|
|
|
(4.352) |
4.733 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
11909.476 |
11391.163 |
11930.277 |
|
Profit |
110.298 |
128.794 |
130.974 |
|
|
0.93% |
1.13% |
1.10% |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
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 |
NOTE: The Registered Office
of the company has been shifted from 30 Jawahar Lal Nehru Roadsuit No.13A Block
C 2nd Floor, Kolkata – 700016, West Bengal, India to the present address w.e.f
01.04.2008.
LITIGATION
DETAILS:
|
CALCUTTA HIGH COURT Case Status : Pending
|
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10451277 |
07/08/2013 |
40,000,000.00 |
CANARA
BANK |
CHOWRINGHEE
BRANCH, 7, KYD STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B85826873 |
|
2 |
10272475 |
19/02/2011 |
800,000,000.00 |
ALLAHABAD
BANK |
SME
FINANCE BRANCH, 3, RED CROSS PLACE,, KOLKATA, WEST BENGAL - 700001, INDIA |
B07975931 |
|
3 |
10231244 |
09/06/2010 |
200,000,000.00 |
UNION
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, M-11, 1ST FLOOR, MIDDLE CIRCLE, CONNAUGHT CIRCUS, NEW DELHI,
DELHI - 110001, INDIA |
A90801341 |
|
4 |
10203454 |
03/03/2010 |
400,000,000.00 |
UCO BANK |
MID
CORPORATE BRANCH (IBB), 4 & 4/1, RED CROSS PLACE, KOLKATA, WEST BENGAL -
700001, INDIA |
A80052145 |
|
5 |
10135791 |
08/10/2010
* |
4,519,500,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A96666037 |
|
6 |
10107880 |
16/05/2008 |
150,000,000.00 |
EXPORT
IMPORT BANK OF INDIA |
CENTRE
ONE BUILDING, FLOOR - 21, WORLD TRADE CENTRE COMPLEX, MUMBAI, MAHARASHTRA - 400005,
INDIA |
A39312087 |
|
7 |
10284078 |
17/03/2008 |
300,000,000.00 |
INDIAN
OVERSEAS BANK |
F47,MALHOTRA
BUILDING, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A39023106 |
|
8 |
10074586 |
25/09/2007 |
75,300,000.00 |
ALLAHABAD
BANK |
SSI FINANCE
BRANCH, 3, RED CROSS PLACE, KOLKATA, WEST BENGAL - 700001, INDIA |
A26489047 |
|
9 |
10046399 |
12/06/2008
* |
300,000,000.00 |
STANDARD
CHARTERED BANK |
19,
N. S. ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
A39512439 |
|
10 |
10041548 |
24/06/2010
* |
750,000,000.00 |
ALLAHABAD
BANK |
SME
FINANCE BRANCH, 3, RED CROSS PLACE,, KOLKATA, WEST BENGAL - 700001, INDIA |
A88943584 |
|
11 |
10029189 |
17/08/2010
* |
4,452,500,000.00 |
BANK
OF BARODA (LEADER) |
INTERNATIONAL
BUSINESS BRANCH, 4, INDIA EXCHANGE |
A93214534 |
|
12 |
90254723 |
18/08/2005 |
12,500,000.00 |
L
& T FINANCE LIMITED |
SHAKESPERIAN
SARANI, CALCUTTA, WEST BENGAL - 700071, INDIA |
- |
|
13 |
90252984 |
13/06/2005 |
50,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38;
NARIMAN BHAVAN, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
14 |
90254177 |
29/01/2003 |
80,000,000.00 |
CANARA
BANK |
CHOWRINGHEE
BRANCH, 7; KYD ROAD, CALCUTTA, WEST BENGAL - 700016, INDIA |
- |
|
15 |
90253911 |
11/10/2010
* |
852,800,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A99840035 |
|
16 |
90253910 |
03/10/1999 |
195,000,000.00 |
STATE
BANK OF INDIA |
24
PARK STREET, COMMERCIAL BRANCH, KOLKATA, WEST |
- |
* Date of charge modification
FIXED ASSETS:
·
Leasehold land
·
Freehold land
·
Non factory building
·
Factory building
·
Plant and machinery
·
Computer and computer accessories
·
Furniture and fixture
·
Motor vehicle
·
Computer software
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.61.02 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done : |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.