MIRA INFORM REPORT
|
Report No. : |
322224 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
LCL LOGISTIX (INDIA) PRIVATE LIMITED (w.e.f. 10.03.2008) |
|
|
|
|
Formerly Known
As : |
LCL AGENCIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
220, Sai Commercial Centre, 2nd Floor, Station Road,
Govandi (East), Mumbai -400088, Maharashtra |
|
Tel. No.: |
91-22-66409999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.05.1998 |
|
|
|
|
Com. Reg. No.: |
114936 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 65.706 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH1998PTC114936 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03908C |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the business of freight forwarding via sea and air and providing container freight station / logistics services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1780000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited company having satisfactory
track. The company has incurred losses in FY14. However, the rating also takes into consideration long standing
experience of the promoters. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
CRAE |
|
Rating |
Long term : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
16.04.2015 |
|
Rating Agency Name |
CRAE |
|
Rating |
Short term bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
16.04.2015 |
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 DENIED BY
|
Name : |
Mr. Rajesh Krishnadas |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9727764406 |
|
Date : |
13.05.2015 |
LOCATIONS
|
Registered Office : |
220, Sai Commercial Centre, 2nd Floor, Station Road, Govandi (East), Mumbai -400088, Maharashtra, India |
|
Tel. No.: |
91-22-66409999 |
|
Mobile No.: |
91-9727764406 (Mr. Rajesh Krishnadas) |
|
Fax No.: |
91-22-25552693 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Air Division : |
Air Office, 201, 202, The Avenue, Opp. The Leela, International Airport Rd Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-65755518 |
|
Fax No.: |
91-22-28348306 / 28234698 |
|
E-Mail : |
|
|
|
|
|
Infrastructure Office : |
Logix Park, Survey No. 76, 77, 78, 79, Village Bherai, Taluka Rajula, Pipavav Port 4, Way Road, District Amreli – 365560, Gujarat, India |
|
|
|
|
Branch : |
Located At : |
DIRECTORS
AS ON 30.12.2014
|
Name : |
Pullampilakath Janardhanan Pillai Prakashkumar |
|
Designation : |
Managing director |
|
Address : |
Flat No. 1 A, Averon Pass, Maliekkal Road, Thevara, Cochin, Ernakulam - 682013, Kerala, India |
|
Date of Birth/Age : |
12.03.1959 |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00024564 |
|
|
|
|
Name : |
Arup Chatterjee |
|
Designation : |
Managing director |
|
Address : |
99/5/11 Ballygunge, Place, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
05.08.1961 |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00424118 |
|
|
|
|
Name : |
Unnikrishnan Nair |
|
Designation : |
Director |
|
Address : |
F-11, RH-6, Sector 6, Vashi, Navi Mumbai, Navi Mumbai - 400705, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1961 |
|
Date of Appointment : |
15.05.1998 |
|
DIN No.: |
00529083 |
KEY EXECUTIVES
|
Name : |
Richa Sharma |
|
Designation : |
Secretary |
|
Address : |
9/136, Sardar Nagar-4, Sion-Koliwada, Mumbai - 400037, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1982 |
|
Date of Appointment : |
06.03.2012 |
|
PAN No.: |
BMNPS2281R |
|
|
|
|
Name : |
Mr. Rajesh Krishnadas |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Unnikrishnan G. Nair |
|
1,549,339 |
|
Jaya Unnikrishnan Nair |
|
688,597 |
|
Ravindranath K. Menon |
|
654,171 |
|
Jaison George |
|
550,878 |
|
Cargo Management Services Private Limited |
|
806,266 |
|
LCL Freight Solutions Private Limited |
|
583,218 |
|
LCL Agencies (South) Private Limited |
|
464,423 |
|
Tuscan Ventures Private Limited |
|
1228226 |
|
Manas B. Nandi |
|
5,050 |
|
Rajeev Kumar |
|
5050 |
|
Kakumamu K Sriramamurthy |
|
5050 |
|
Rajesh Pappu Vazhappillil |
|
5050 |
|
Sandeep P. Balkrishnan |
|
5,050 |
|
Rosy C. John |
|
5,050 |
|
Samuel Joseph Kirubakaran |
|
5,050 |
|
V. Kingston |
|
5,058 |
|
Mugilan P. Sundarajan |
|
5050 |
|
|
|
|
|
Total |
|
6,570,576 |
AS ON 30.12.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
46.91 |
|
Directors or relatives of Directors |
34.05 |
|
Other top fifty shareholders |
19.04 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20322224%2014-May-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of freight forwarding via sea and air and providing container freight station / logistics services. |
|
|
|
|
Products : |
·
Freight Forwarders ·
Shipping Agents ·
Logistics Services ·
Air Freight ·
Sea Freight ·
Warehousing ·
Distribution Services |
|
|
|
|
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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|
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB4397F |
|
|
|
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Memberships : |
-- |
|
|
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|
Collaborators : |
-- |
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Subsidiaries: |
|
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|
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|
Subsidiaries of LCL
Logistix (India) Private Limited |
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Step-down
subsidiaries of LCL Logistix (India) Private Limited : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,570,576 |
Equity Shares |
Rs.10/- each |
Rs.65.706
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 |
65.706 |
65.706 |
65.706 |
|
(b) Reserves &
Surplus |
556.177 |
559.003 |
554.739 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
621.883 |
624.709 |
620.445 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
182.331 |
276.024 |
208.499 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
15.687 |
12.721 |
0.226 |
|
(d) long-term provisions |
7.328 |
5.960 |
3.453 |
|
Total Non-current
Liabilities (3) |
205.346 |
294.705 |
212.178 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
511.532 |
439.851 |
386.122 |
|
(b) Trade payables |
302.893 |
261.795 |
236.935 |
|
(c) Other current liabilities |
184.045 |
169.528 |
152.703 |
|
(d) Short-term provisions |
10.116 |
10.823 |
6.570 |
|
Total Current Liabilities
(4) |
1008.586 |
881.997 |
782.330 |
|
|
|
|
|
|
TOTAL |
1835.815 |
1801.411 |
1614.953 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
651.733 |
468.932 |
378.053 |
|
(ii) Intangible Assets |
0.142 |
0.236 |
0.318 |
|
(iii) Capital
work-in-progress |
0.146 |
235.302 |
139.293 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
26.359 |
25.929 |
25.929 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.503 |
3.601 |
|
(d) Long-term Loan and Advances |
211.624 |
207.445 |
84.892 |
|
(e) Other Non-current
assets |
15.110 |
2.013 |
1.872 |
|
Total Non-Current Assets |
905.114 |
940.360 |
633.958 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
642.218 |
568.651 |
568.786 |
|
(d) Cash and cash
equivalents |
53.740 |
100.925 |
130.817 |
|
(e) Short-term loans and
advances |
220.041 |
174.520 |
271.832 |
|
(f) Other current assets |
14.702 |
16.955 |
9.560 |
|
Total Current Assets |
930.701 |
861.051 |
980.995 |
|
|
|
|
|
|
TOTAL |
1835.815 |
1801.411 |
1614.953 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5569.983 |
5802.124 |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.951 |
(10.740) |
47.037 |
|
|
|
|
|
|
|
Less |
TAX |
10.578 |
(14.141) |
2.963 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(5.627) |
3.401 |
44.074 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
317.302 |
313.658 |
274.266 |
|
|
|
|
|
|
|
Add |
Earlier year excess
proposed dividend and dividend distribution tax |
0.000 |
0.243 |
0.022 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
0.000 |
0.000 |
0.000 |
|
|
Transfer to General
Reserve |
0.000 |
0.000 |
4.704 |
|
|
Total (M) |
0.000 |
0.000 |
4.704 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
311.675 |
317.302 |
313.658 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1341.438 |
530.045 |
NA |
|
|
TOTAL EARNINGS |
1341.438 |
530.045 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(0.86) |
0.52 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.10) |
0.06 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.27 |
(0.70) |
3.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.02) |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
1.15 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.98 |
1.25 |
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 |
65.706 |
65.706 |
65.706 |
|
Reserves & Surplus |
554.739 |
559.003 |
556.177 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
620.445 |
624.709 |
621.883 |
|
|
|
|
|
|
long-term borrowings |
208.499 |
276.024 |
182.331 |
|
Short term borrowings |
386.122 |
439.851 |
511.532 |
|
Total borrowings |
594.621 |
715.875 |
693.863 |
|
Debt/Equity ratio |
0.958 |
1.146 |
1.116 |
%20PRIVATE%20LIMITED%20-%20322224%2014-May-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
5802.124 |
5569.983 |
|
|
|
(4.001) |
%20PRIVATE%20LIMITED%20-%20322224%2014-May-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
5802.124 |
5569.983 |
|
Profit/Loss |
|
3.401 |
(5.627) |
|
|
|
0.06% |
(0.10%) |
%20PRIVATE%20LIMITED%20-%20322224%2014-May-2015_files/image019.gif)
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
two 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 |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from Bank |
98.972 |
147.140 |
|
|
|
|
|
Total |
98.972 |
147.140 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10552422 |
30/12/2014 |
140,000,000.00 |
RBL BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 41600 |
C45241734 |
|
2 |
10546884 |
20/10/2014 |
16,242,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C42363945 |
|
3 |
10525160 |
23/09/2014 |
18,910,000.00 |
ICICI BANK LIMITED |
SADGURU DARSHAN, ROAD NO.3, LIBERTY GARDEN, MALAD |
C28914513 |
|
4 |
10528689 |
31/07/2014 |
27,500,000.00 |
INDUSIND BANK LIMITED |
701, SOLITAIRE CORPORATE PARK, GURU HARGOVINDJI M |
C31983570 |
|
5 |
10442552 |
31/07/2013 |
13,150,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B81927204 |
|
6 |
10397274 |
18/12/2012 |
29,030,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B65991432 |
|
7 |
10390150 |
28/01/2014 * |
1,080,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B98034846 |
|
8 |
10368280 |
30/06/2012 |
26,477,500.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B44771236 |
|
9 |
10369718 |
29/06/2012 |
15,427,644.00 |
AXIS BANK LIMITED |
ASC MUMBAI, 1ST FLOOR, JANMABHOOMI BHAVAN, JANMAB |
B45384559 |
|
10 |
10397542 |
23/02/2012 |
48,559,500.00 |
ICICI BANK LIMITED |
SHIVAM SHOPPING CENTRE, S.V.ROAD,, OPP. NEW ERA C |
B57589384 |
* Date of charge modification
REVIEW OF OPERATION
During the year, the Company has earned revenue of Rs. 5,569.983 Million from operations. The Net Profit for the year has been Rs. (5.627) Million as against Rs.3.644 Million during the previous financial year.
BACKGROUND
The company was incorporated on 15 May 1998 under the Companies Act, 1956. The Company is primarily engaged in the business of freight forwarding via sea and air and providing container freight station / logistics services.
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer software
- Goodwill
- 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 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.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KNJL |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
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 |
|
43 |
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.