MIRA
INFORM REPORT
|
Report Date : |
25TH
May, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
LAXMI
CHEMFOOD PRODUCTS PRIVATE LIMITED |
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Registered Office : |
1
& 1A, Tejpal Industrial Estate, Andheri – Kurla Road, Saki Naka, Mumbai –
400072 |
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Country : |
India |
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Date of Incorporation : |
15th
April, 2006 |
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Com. Reg. No.: |
152661 |
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CIN No.: [Company
Identification No.] |
U15100MH2005PTC152661 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Import,
Export or Otherwise deal in Natural and Chemically derived additives Mineral
and Vitamin Additives, Salts, Emulsifying and Subilizing Agents, Leavening
Agents, Thickening Agents, Fermentation Agents, Gelling Agents, Bleaching
Agents, Flavouring – Natural, Herbal, Synthetic Colours, Concentrates, Enzymes,
Essences, Vitamins, Minerals, Proteins, Amino Acids, Trace Elements,
Phytonutrients, Essential Fatty Acids, Aerated Waters, Preservatives of all
Descriptions and Kinds and By Product thereof which may be necessary and
useful in Attaining the object of the Company. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new and unknown concern. It has not transacted any business, so far. It can
be considered for any business dealings on safe and secured trade terms and
conditions, initially. |
LOCATIONS
|
Registered Office : |
1
& 1A, Tejpal Industrial Estate, Andheri – Kurla Road, Saki Naka, Mumbai –
400072 |
|
Tel. No.: |
91-22-28511419
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DIRECTORS
|
Name : |
Mr.
Ram Lakhan Sharma |
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Designation : |
Director
|
|
Address : |
Laxmi
Niwas, Plot No. 393, Kanti Nagar, Andheri (East), Mumbai – 400059 |
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Name : |
Mr.
Vinod Kumar Sharma |
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Designation : |
Director
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Address : |
Laxmi
Niwas, Plot No. 393, Kanti Nagar, Andheri (East), Mumbai – 400059 |
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|
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Name : |
Mr.
Shiv Kumar Sharma |
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Designation : |
Director
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|
Address : |
Laxmi
Niwas, Plot No. 393, Kanti Nagar, Andheri (East), Mumbai – 400059 |
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|
|
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Name : |
Mr.
Raj Kumar Sharma |
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Designation : |
Director
|
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Address : |
Laxmi
Niwas, Plot No. 393, Kanti Nagar, Andheri (East), Mumbai – 400059 |
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Name : |
Mr.
Ashok Kumar Singh |
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Designation : |
Director
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Address : |
Sunyadars
Housing Society, Flat No. 12, Near B J P Office, Lokaramu Nagar, Thane (West)
, - 44606 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr.
Ram Lakhan Sharma |
2600 |
|
Mr.
Vinod Kumar Sharma |
2600 |
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Mr.
Shiv Kumar Sharma |
2100 |
|
Mr.
Raj Kumar Sharma |
2600 |
|
Mr.
Ashok Kumar Singh |
100 |
BUSINESS DETAILS
|
Line of Business : |
Import,
Export or Otherwise deal in Natural and Chemically derived additives Mineral
and Vitamin Additives, Salts, Emulsifying and Subilizing Agents, Leavening Agents,
Thickening Agents, Fermentation Agents, Gelling Agents, Bleaching Agents,
Flavouring – Natural, Herbal, Synthetic Colours, Concentrates, Enzymes,
Essences, Vitamins, Minerals, Proteins, Amino Acids, Trace Elements,
Phytonutrients, Essential Fatty Acids, Aerated Waters, Preservatives of all
Descriptions and Kinds and By Product thereof which may be necessary and
useful in Attaining the object of the Company. |
GENERAL
INFORMATION
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Bankers : |
-- |
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Facilities : |
-- |
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Banking Relations : |
Unknown
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Associates/Subsidiaries : |
Laxmi
Engineering 1
& 1A, Tejpal Industrial Estate, Andheri – Kurla Road, Saki Naka, Mumbai –
400072 Laxmi
Air Control 1
& 1A, Tejpal Industrial Estate, Andheri – Kurla Road, Saki Naka, Mumbai –
400072 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
Business
No
further information could be available as the company has not started any
business, so far.
Management
also remained non – cooperative during current investigation on the ground that
they have not done business, so far.
Further
they claimed that they are not taking for any business at this juncture.
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 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.45.85 |
|
UK
Pound |
1 |
Rs.85.68 |
|
Euro |
1 |
Rs.58.59 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
|
3 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |