1. Summary Information
|
|
|
Country |
|
|
Company Name |
PREMIER MERCHANTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramesh Chandra Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Abhinav Agarwal |
|
|
|
Registration # |
21-081082 |
|
Street Address |
23, |
||
|
Established Date |
27.08.1996 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Real Estate Business |
|
Fax # |
Not Available |
Business Style 2 |
Trading |
|
Homepage |
Product Name 1 |
|
|
|
# of employees |
25 (Approximately) |
Product Name 2 |
Home Appliances Goods |
|
Paid up capital |
Rs.
550,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate – 9.09 % Directors or relatives of
directors – 90.91% |
Banking |
ING Vysya Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
119,367,000 |
Current Liabilities |
51,529,000,000 |
|
Inventories |
34,396,000 |
Long-term Liabilities |
189,924,000 |
|
Fixed Assets |
111,440,000 |
Other Liabilities |
1,309,000 |
|
Deferred Assets |
000 |
Total Liabilities |
242,762,000 |
|
Invest& other Assets |
2,109,000 |
Retained Earnings |
24,000,000 |
|
|
|
Net Worth |
24,550,000 |
|
Total Assets |
267,312,000 |
Total Liab. &
Equity |
267,312,000 |
|
Total Assets (Previous Year) |
204,407,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales / Total Income |
N.A. |
Net Profit |
1,796,000 |
|
Sales(Previous yr) |
N.A. |
Net Profit(Prev.yr) |
698,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER MERCHANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23, Jatin Das
Road, Kolkata – 700029, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.08.1996 |
|
|
|
|
Com. Reg. No.: |
21-081082 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.550
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70109WB1996PTC081082 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP04494A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of
mobile, home appliances goods and providing business premises on rent. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 99000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. External borrowing of the company seems to be huge which act as threat
to the liquidity position. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor
international report.
There is a $29.34 bn outward foreign direct investment by domestic companies
between April and January of 2013/14 which has seen some signs of recovery
according to a Care Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to
raise $ 500 million via a US initial public offering. Alibaba,
which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by
selling six-year bonds at a coupon rate of three per cent and maturing in 2020.
This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss
Francs by selling five year bonds at 2.98 % coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost
complete Paradip refinery in Odhisha
in three to four years. The company board is set to consider the setting up of
a 700000 tonne per annum polypropylene plant at an
estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye
Labs-Facebook type deals in the making.
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. Prashant |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9836361584 |
|
Date : |
15.05.2014 |
LOCATIONS
|
Registered Office : |
23, Jatin Das
Road, Kolkata – 700029, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9836361584 (Mr. Prashant) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned (Commercial) |
|
|
|
|
Group Headquarter / Branch : |
13, Satyen Dutta
Road, Kolkata–700029, West Bengal, India |
|
Tel. No.: |
91-33-24648668 |
|
Fax No.: |
91-33-24648670 |
|
|
|
|
Showroom : |
Unit No. C - 104. City central, Block DC, Sector – I, Salt Lake, Kolkata - 700064, West Bengal India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ramesh Chandra Agarwal |
|
Designation : |
Director |
|
Address : |
13, Satyen Dutta
Road, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
22.03.1961 |
|
Date of Appointment : |
27.08.1996 |
|
Voter ID No.: |
WB/23/149/369457 |
|
DIN No.: |
01173052 |
|
|
|
|
|
|
|
Name : |
Mr. Abhinav Agarwal |
|
Designation : |
Director |
|
Address : |
13, Satyen Dutta
Road, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
26.11.1985 |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
01029589 |
|
|
|
|
|
|
|
Name : |
Mrs. Sarita Agarwal |
|
Designation : |
Director |
|
Address : |
13, Satyen Dutta
Road, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
26.04.1963 |
|
Date of Appointment : |
15.12.2003 |
|
Voter ID No. : |
WB/23/149/369458 |
|
DIN No. : |
00859040 |
|
|
|
|
Name : |
Mr. Somesh Chandra Ray |
|
Designation : |
Director |
|
Address : |
P 70, Jadu Colony, Kolkata
- 700034, West Bengal, India |
|
Date of Birth/Age : |
15.12.1957 |
|
Date of Appointment : |
01.05.2010 |
|
DIN No. : |
03071075 |
|
|
|
|
Name : |
Mr. Abhishek Agarwal |
|
Designation : |
Director |
|
Address : |
13, Satyen Dutta
Road, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
08.03.1983 |
|
Date of Appointment : |
11.03.2011 |
|
Voter ID No. : |
UVL1329291 |
|
DIN No. : |
03080026 |
|
Name : |
Mr. Madanlal Agarwal |
|
Designation : |
Director |
|
Address : |
13, Satyen Dutta
Road, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
01.04.1942 |
|
Date of Appointment : |
27.08.1996 |
|
Voter ID No. : |
WB23/149/369453 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Chandra Agarwal |
|
10000 |
|
Madan Lal Agarwal |
|
10000 |
|
Abhishek Agarwal |
|
10000 |
|
Abhinav Agarwal |
|
10000 |
|
Ankita Agarwal |
|
10000 |
|
Archana Construction Private Limited, India |
|
5000 |
|
|
|
|
|
Total |
|
55000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies corporate |
|
9.09 |
|
Directors
or relatives of directors |
|
90.91 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of mobile,
home appliances goods and providing business premises on rent. |
|
|
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Supplier : |
Ø Anklesh Financial Consultants Private Limited Ø Archana Construction Private Limited Ø L.G. Electronic
India Private Limited Ø Sanvl Elctronics Ø R. G. Cellulars Private Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customer : |
End Users |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Ø
State Bank of India, Specialised
Chowringhee SME Branch, 2nd Floor, 1, Middleton
Street, Jeevandeep Building, Kolkata
- 700071, West Bengal, India Ø
ING Vysya Bank Limited,
Rajkamal 128, Rash Behari
Avenue, 1st Floor, Kolkata - 700029,
West Bengal, India Ø
Kotak Mahindra Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
Ø Kotak Mahindra Prime Limited, 36-38A Nariman Bhavan, 227, Nariman Point, Mumbai - 400021, Maharashtra,
India Ø The Hongkong and Sanghai Banking
Corporation, Factoring Services , 16 V. N. Road, Near Horiman
Circle, Fort, Mumbai – 400001, Maharashtra, India Ø L and T Finance
Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Girdhari Sharma and Company Chartered Accountants |
|
Address : |
62, Bentick Street, Kolkata
– 700069, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFG5540K |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.550
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.550 |
|
(b) Reserves & Surplus |
|
|
24.000 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
24.550 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
17.674 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.031 |
|
(c) Other long term
liabilities |
|
|
1.228 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
18.933 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
172.250 |
|
(b) Trade payables |
|
|
38.722 |
|
(c) Other current liabilities |
|
|
11.579 |
|
(d) Short-term provisions |
|
|
1.278 |
|
Total
Current Liabilities (4) |
|
|
223.829 |
|
|
|
|
|
|
TOTAL |
|
|
267.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
111.440 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
2.109 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
12.500 |
|
(e) Other Non-current assets |
|
|
1.915 |
|
Total
Non-Current Assets |
|
|
127.964 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
34.396 |
|
(c) Trade receivables |
|
|
51.325 |
|
(d) Cash and cash equivalents |
|
|
3.021 |
|
(e) Short-term loans and
advances |
|
|
33.263 |
|
(f) Other current assets |
|
|
17.343 |
|
Total
Current Assets |
|
|
139.348 |
|
|
|
|
|
|
TOTAL |
|
|
267.312 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.550 |
0.550 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
22.203 |
21.415 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
22.753 |
21.965 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
51.632 |
55.427 |
|
|
2] Unsecured Loans |
|
98.399 |
58.716 |
|
|
TOTAL BORROWING |
|
150.031 |
114.143 |
|
|
DEFERRED TAX LIABILITIES |
|
0.034 |
0.079 |
|
|
|
|
|
|
|
|
TOTAL |
|
172.818 |
136.187 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
80.635 |
21.044 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
7.379 |
8.192 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
33.701
|
103.483
|
|
|
Sundry Debtors |
|
12.962
|
35.038
|
|
|
Cash & Bank Balances |
|
5.167
|
3.827
|
|
|
Other Current Assets |
|
14.298
|
0.553
|
|
|
Loans & Advances |
|
50.265
|
83.684
|
|
Total
Current Assets |
|
116.393
|
226.585
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
19.178
|
107.898
|
|
|
Other Current Liabilities |
|
11.955
|
9.909
|
|
|
Provisions |
|
0.456
|
1.879
|
|
Total
Current Liabilities |
|
31.589
|
119.686
|
|
|
Net Current Assets |
|
84.804
|
106.899
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.052 |
|
|
|
|
|
|
|
|
TOTAL |
|
172.818 |
136.187 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
N.A. |
N.A. |
765.285 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
765.285 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
|
|
|
|
Administrative Expenses |
|
|
759.602 |
|
|
|
Selling and Distribution Expenses |
|
|
|
|
|
|
Payment Employees |
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
759.602 [Including
Financial Charges and Depreciation] |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.645 |
1.199 |
5.683 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.849 |
0.501 |
1.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.796 |
0.698 |
3.830 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
32.65 |
12.69 |
69.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
N.A.
|
N.A.
|
0.50
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.99
|
0.61
|
2.29
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.05
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.74
|
6.59
|
5.20
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.62
|
3.68
|
1.89
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one 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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
From related parties: |
|
|
|
Ramesh Chandra Agarwal |
32.506 |
7.648 |
|
Premier Marketing |
65.679 |
23.802 |
|
Madan Lal Agarwal |
0.640 |
0.240 |
|
Premier Carworld Private Limited |
8.091 |
9.075 |
|
From others: |
31.618 |
57.634 |
|
|
|
|
|
Total |
138.534 |
98.399 |
CORPORATE INFORMATION
Subject is a private
company domiciled in India and incorporated under the provisions of the
companies Act, 1956. Its shares are not listed on any Stock Exchange in India.
The company is engaged in Trading of mobile, home appliances goods and
providing business premises on rent.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10450334 |
07/08/2013 |
12,500,000.00 |
STATE BANK OF
INDIA |
Specialised Chowringhee SME
Branch, 2nd Floor,, 1 |
B85486314 |
|
2 |
10396334 |
29/12/2012 |
18,189,949.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-, PUNE,
Maharashtra - 411035, INDIA |
B65660532 |
|
3 |
10246282 |
14/03/2011 * |
160,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
B12049508 |
* Date of charge modification
FIXED ASSETS:
Ø
Land at Bombay Road
Ø
Office Flat
Ø
Flat at Uttarpara
Ø
Warehouse
Ø
Air Condition
Ø
EPABX
Ø
Fax Machine
Ø
Water Pump
Ø Furniture Fixture and Decoration
Ø
Computer and Accessories
Ø
Generator
Ø
Motor Bike
Ø
Motor Car
Ø
Office Equipment.
Ø
Land and Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 59.47 |
|
UK Pound |
1 |
Rs.99.70 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.