SLCM Myanmar Limited (IFC-38278)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 15, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SOHANLAL COMMODITY MANAGEMENT LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 5, 2018

Disclosed by Bank Nov 8, 2017


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Project Description

Sohanlal Commodity Management Pvt. Ltd (“SLCM” or the “Parent”) is a leading post-harvest agri supply chain solutions provider in India. It offers warehouse and collateral management, procurement of agricultural commodities and commodity-backed / warehouse receipt financing to agri businesses.

SLCM’s Myanmar-based subsidiary, SLCM Ltd. (“SLCM Myanmar”), provides warehouse and collateral management services in Myanmar as well as commodity-backed finance facilitation to small agri businesses, traders and farmer organizations. SLCM seeks to invest US$9.0 mn to grow the commodity-backed finance facilitation operations in Myanmar with the help of IFC (the “Project”).


Investment Description
  • International Finance Corporation (IFC)

Other funds have been availed in the form of equity investments from the Parent and a short term revolving credit facility from the State Bank Of India, Yangon Branch.

SLCM was started by the Group CEO Mr. Sandeep Sabharwal (the “Sponsor”), an acknowledged entrepreneur in the sector and the largest shareholder. He is a member of the committee on electronic depository of warehouse receipts of Central Depository Services (India) Limited. Prior to SLCM, Mr. Sabharwal has managed businesses across the agriculture value chain. A number of institutional investors comprise the remaining shareholders, namely Nexus Venture Partners, Mayfield FVCI, Everstone Capital, Emerging India Fund, Creation Investments Capital Management, responsAbility Investments AG, and the Agricultural and Rural Impulse Fund (agRIF).

Private Actors
<p class="cls-NormalWeb" dir="ltr"><span class="cls-DefaultParagraphFont" lang="en-IN">Sohanlal Commodity Management Pvt. Ltd is a leading post-harvest agri supply chain solutions provider in India. It offers warehouse and collateral management, procurement of agricultural commodities and commodity-backed / warehouse receipt financing to agri businesses.&nbsp;</span></p>
Contact Information

Sohan Lal Commodity Management Pvt Ltd.
Namrata Suri
Chief Financial Officer
+911171110100

DLF Tower, 15 Shivaji Marg, Moti Nagar, New Delhi - 110015
http://sohanlal.in/

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