MIRA INFORM REPORT
|
Report No. : |
311216 |
|
Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANDIS GYR LIMITED |
|
|
|
|
Registered
Office : |
Diamond Harbour Road, P O Joka 24, South PGS, Kolkata – 700104, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.09.1992 |
|
|
|
|
Com. Reg. No.: |
056554 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.457.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200WB1992PLC056554 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of
meters, electricity meters, gas meters, heat meters, communication modules
and control panels. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1720000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. Reserves of the company seems to be low during 2014. However, trade relations are 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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.
LOCATIONS
|
Registered Office : |
Diamond Harbour Road, P O Joka 24, South PGS, Kolkata – 700104, West Bengal, India |
|
Tel. No.: |
91-33-24670007 / 7087 / 7226 / 7259 / 8455/ 5544 / 7726 |
|
Fax No.: |
91-33-24671473 / 24677400 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
45000 Sq. ft |
|
Location : |
Leased |
|
|
|
|
Corporate Office
/
Sales Office : |
7th Floor, J.K Millennium Centre, 46 D Jawaharlal Nehru Road, Kolkata - 700071, West Bengal, India |
|
Tel. No.: |
91-33-3051 5900-04 (5 lines) |
|
Fax No.: |
91-33-3051 5905 |
|
E-Mail : |
|
|
|
|
|
Factory : |
B – 52, Sector 60 Noida, Uttar Pradesh, India. |
|
Tel. No.: |
91-120-2586588 |
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Fax No.: |
91-120-2589074 |
|
|
|
|
Global Development Centre
/ Sales Office North: |
C-48, Sector 57, Noida - 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120 3352000 / 3352169 (Direct Line) |
|
Fax No.: |
91-120 3352001 |
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E-Mail : |
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|
Karnataka – Sales Office South : |
No. 1702 (Old No. 158), Ground Floor, III Block, 9th Main Road, 17th Cross, Jayanagar, Bangalore - 560 011, Karnataka, India |
|
Tel. No.: |
91-80-26638345 / 26638346 |
|
Fax No.: |
91-80-26638347 |
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E-Mail : |
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|
|
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|
Sales Office South |
No. 503, 1st Floor, 3rd Main, 50 Ft Road, Srinagar, Bengaluru - 560050, Karnataka, India |
|
Tel. No.: |
91-80 266 14163/ +91 9845140566 |
|
Fax No.: |
91 080 266 14163 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Biswajyoti Lahiri |
|
Designation : |
Director |
|
Address : |
8 Lindel Place, Lind Field, NSW - 2070, Australia |
|
Date of Birth/Age : |
02.07.1961 |
|
Date of Appointment : |
21.06.2007 |
|
DIN No. : |
02140115 |
|
|
|
|
Name : |
Mr. Oliver Bernd Iltisberger |
|
Designation : |
Additional Director |
|
Address : |
137 Awaba ST., New South Wales - 2088, Australia |
|
Date of Birth/Age : |
27.06.1971 |
|
Date of Appointment : |
22.04.2010 |
|
DIN No. : |
03225116 |
|
|
|
|
Name : |
Mr. Sandip Kumar Mukherjee |
|
Designation : |
Whole Time Director |
|
Address : |
66/3/1, College Road, Flat A-2, B Garden, Howrah – 711103, West Bengal, India |
|
Election Commission ID No.: |
KCL/2/823011 |
|
Date of Birth/Age : |
26.09.1964 |
|
Date of Appointment : |
10.11.2009 |
|
DIN No. : |
02914334 |
|
|
|
|
Name : |
Jonathan Richard Elmer |
|
Designation : |
Additional director |
|
Address : |
9, Orchard Close Egleton, Oakham LE 158 AG |
|
Election Commission ID No.: |
XOY/0572925 |
|
Date of Birth/Age : |
18.07.1962 |
|
Date of Appointment : |
09.07.2014 |
|
DIN No. : |
06729846 |
KEY EXECUTIVES
|
Name : |
Mr. Prasenjit Datta |
|
Designation : |
Secretary |
|
Address : |
E-5, Cluster 2, Purbachal Salt Lake, North 24 Pargnas, Kolkata – 700097,
West Bengal, India |
|
Date of Birth/Age : |
05.10.1963 |
|
Date of Appointment : |
28.02.2005 |
|
PAN No.: |
ADNPD3686C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Landis + GYR (Europe) AG, Switzerland |
|
45739610 |
|
Andreas Umbach |
|
110 |
|
Dora Dasgupta |
|
40 |
|
Biswajyoti Lahiri |
|
50 |
|
Sandip Mukherjee |
|
50 |
|
Prasenjit Pranab Datta |
|
40 |
|
Ashish Kailash Tandon |
|
100 |
|
|
|
|
|
Total |
|
45740000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of
meters, electricity meters, gas meters, heat meters, communication modules
and control panels. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
S R Batliboi and Company LLP Chartered Accountants |
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|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
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Holding Company : |
Landis + GYR (Europe) AG, Switzerland |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48,000,000 |
Equity Shares |
Rs.10/- each |
Rs.480.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,740,000 |
Equity Shares |
Rs.10/- each |
Rs.457.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
457.400 |
457.400 |
457.400 |
|
(b) Reserves &
Surplus |
141.224 |
-112.949 |
-31.788 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.303 |
1.463 |
1.783 |
|
Total Shareholders’ Funds
(1) + (2) |
598.927 |
345.914 |
427.395 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
182.400 |
54.900 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.817 |
2.817 |
4.359 |
|
(d) long-term provisions |
64.438 |
50.492 |
37.267 |
|
Total Non-current
Liabilities (3) |
249.655 |
108.209 |
41.626 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
403.120 |
441.885 |
312.898 |
|
(b) Trade payables |
928.405 |
911.963 |
817.684 |
|
(c) Other current
liabilities |
66.976 |
42.597 |
84.688 |
|
(d) Short-term provisions |
28.928 |
18.141 |
23.757 |
|
Total Current Liabilities
(4) |
1427.429 |
1414.586 |
1239.027 |
|
|
|
|
|
|
TOTAL |
2276.011 |
1868.709 |
1708.048 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
583.440 |
376.651 |
378.347 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.605 |
4.918 |
7.069 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
106.352 |
69.954 |
74.683 |
|
(e) Other Non-current
assets |
1.891 |
1.614 |
1.614 |
|
Total Non-Current Assets |
692.288 |
453.137 |
461.713 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
224.396 |
247.622 |
165.499 |
|
(c) Trade receivables |
1109.081 |
947.036 |
889.716 |
|
(d) Cash and cash
equivalents |
131.004 |
40.258 |
20.355 |
|
(e) Short-term loans and
advances |
118.281 |
171.652 |
161.761 |
|
(f) Other current assets |
0.961 |
9.004 |
9.004 |
|
Total Current Assets |
1583.723 |
1415.572 |
1246.335 |
|
|
|
|
|
|
TOTAL |
2276.011 |
1868.709 |
1708.048 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3401.654 |
2279.039 |
3143.876 |
|
|
Other Income |
174.255 |
19.854 |
25.999 |
|
|
TOTAL (A) |
3575.909 |
2298.893 |
3169.875 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2092.897 |
1502.610 |
2083.085 |
|
|
Purchases of
Stock-in-Trade |
171.853 |
27.005 |
15.717 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.373 |
(63.651) |
(4.922) |
|
|
Employees benefits
expense |
534.206 |
419.649 |
423.789 |
|
|
Other expenses |
552.442 |
396.993 |
574.655 |
|
|
TOTAL (B) |
3352.771 |
2282.606 |
3092.324 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
223.138 |
16.287 |
77.551 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
71.027 |
53.510 |
50.075 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
152.111 |
(37.223) |
27.476 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
142.005 |
43.777 |
60.231 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
10.106 |
(81.000) |
(32.755) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
10.106 |
(81.000) |
(32.755) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(120.373) |
(39.373) |
(6.618) |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
(110.267) |
(120.373) |
(39.373) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
509.396 |
356.180 |
380.716 |
|
|
TOTAL EARNINGS |
509.396 |
356.180 |
380.716 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores
parts |
15.581 |
113.905 |
NA |
|
|
Capital Goods |
40.011 |
13.446 |
NA |
|
|
TOTAL IMPORTS |
55.592 |
127.351 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.22 |
(1.77) |
(0.72) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.30 |
(3.55) |
(1.04) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.56 |
0.71 |
2.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.44 |
(4.35) |
(1.93) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
(0.23) |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.98 |
1.44 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.00 |
1.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
457.400 |
457.400 |
457.400 |
|
Reserves & Surplus |
(31.788) |
(112.949) |
141.224 |
|
Share Application money pending allotment |
1.783 |
1.463 |
0.303 |
|
Net worth |
427.395 |
345.914 |
598.927 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
54.900 |
182.400 |
|
Short term borrowings |
312.898 |
441.885 |
403.120 |
|
Total borrowings |
312.898 |
496.785 |
585.520 |
|
Debt/Equity ratio |
0.732 |
1.436 |
0.978 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3143.876 |
2279.039 |
3401.654 |
|
|
|
(27.509) |
49.258 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3143.876 |
2279.039 |
3401.654 |
|
Profit/Loss |
(32.755) |
(81.000) |
10.106 |
|
|
(1.04%) |
(3.55%) |
0.30% |
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 |
Yes |
|
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 |
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 |
-- |
|
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 LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
182.400 |
54.900 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from Bank |
275.000 |
240.000 |
|
Working capital loans from Bank |
92.277 |
8.183 |
|
Total |
549.677 |
303.083 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10227628 |
22/12/2011 * |
520,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. |
B30184402 |
|
2 |
10162832 |
05/06/2009 |
465,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, 11, DR. U. N. BRAHMACH |
A63635973 |
|
3 |
10156346 |
25/03/2009 |
140,000,000.00 |
AXIS BANK LIMITED |
CREDIT MANAGEMENT CENTRE (CMC),, 1, SHAKESPEARE S |
A60340338 |
|
4 |
10063054 |
05/06/2009 * |
465,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, 11, DR. U. N. BRAHMACH |
A66283896 |
|
5 |
10059617 |
29/06/2007 |
460,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, 11, DR. U. N. BRAHMACH |
A19034305 |
|
6 |
90246660 |
09/07/2005 |
200,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 11; DR. U.N. BRAMHACHA |
- |
|
7 |
90244975 |
09/07/2005 |
322,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FIANANCE BRANCH, 11; DR. U. N. BRAHMCH |
- |
|
8 |
90246642 |
15/06/2005 |
100,000,000.00 |
STATE BANK OF HYDERABAD |
PODDAR POINT, 118; PARK STREET, CALCUTTA, WEST BE |
- |
|
9 |
90247559 |
15/06/2005 |
100,000,000.00 |
STATE BANK OF HYDERABAD |
PODDAR POINT, 113; PARK STREET, KOLKATA, WEST BEN |
- |
|
10 |
90244926 |
07/04/2005 |
108,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FIANANCE BRANCH, 11; DR. U. N. BRAHMCH |
- |
* Date of charge modification
FIXED ASSETS
·
Free hold land
·
Buildings
·
Plant and machinery
·
Furniture, fittings
·
Office equipment
·
Vehicles
·
Goodwill
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 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.62.82 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.66.17 |
INFORMATION DETAILS
|
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 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.