MIRA INFORM REPORT
|
Report Date : |
29.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
LAPP
INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
LAPP KABEL INDIA PRIVATE
LIMITED |
|
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|
|
Registered Office : |
Plot No. 98, J
& K Jigini Industrial Area, II Phase, Anekal Taluk, Bangalore 562 106,
Karnataka |
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Country : |
India |
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|
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|
Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
15.05.1996 |
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Com. Reg. No.: |
08-20467 |
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CIN No.: [Company Identification No.] |
U28999KA1996PTC020467 |
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|
|
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TAN No.: [Tax Deduction & Collection Account No.] |
BLRL00381D |
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|
|
|
Legal Form : |
A Private Limited Liability company. Subject is a 100%
subsidiary of Lapp holding Asia Pte Limited, Singapore |
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Line of Business : |
Manufacturers,
Processors, Importers, Exporters and Dealers of all kinds of cables, wires,
coils, cords, conductors, connectors, clamps, application systems and
accessories, etc. |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a
well-established company having satisfactory track. Directors are reported as
experienced, respectable and resourceful businessmen. Their trade relations
are reported as fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Plot No. 98, J
& K Jigini Industrial Area, II Phase, Anekal Taluk, Bangalore 562 106,
Karnataka, INDIA |
|
Tel. No.: |
91-80-22426000
(8 Lines) / 22782 6000 (8 lines) |
|
Fax No.: |
91-80-22425479
/ 227825479 |
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Mobile No: |
91-98450 68802 |
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E-Mail : |
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Website : |
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Area : |
20,000 sq.ft. |
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Location : |
Owned (Rural
Industries) |
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Head Office / South Zone Office/ Factory 1 : |
Plot No. 98, J & K Jigini Industrial Area, II Phase, Anekal
Taluk, Bangalore 562 106, Karnataka |
|
Tel. No.: |
91-80-22426000 (8 Lines) / 22782 6000 (8 lines) /22658 7110
(Res.) |
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Fax No.: |
91-80-22425479 / 22782 5479 |
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Mobile No.: |
91-98450 68802 / 98450 01940 |
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E-Mail : |
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North Zone
Office: |
409-A, Suneja
Tower I, District Centre, Janakpuri, New Delhi110 058 Tel. No.:
91-11-2551 7969 / 70 / 2552 0347 Fax No.:
91-11-2551 7485 157, Sector 15,
Faridabad, Haryana Tel. No.
91-129-5001749 E-mail. delhi1@lappindia.com Contact Person
Mr. Deepak Manchanda Deputy Manager Sales Mobile No.
91-9818307906 H. No. 261, New
Model Town, Ludhinana 141002, Punjab Tel. No.
91-161-2774063 Fax. No.
91-161-2774517 E-mail. vineet_kapoor@lappindia.com Contact Person
Mr. Vineet Kapoor Area Manager 2/286, Vishwas
Khand, Gomtinagar, Lucknow 226010, Uttar Pradesh Tel. No.
91-522-2308764/2308764 E-mail. raman@lappindia.com Contact Person
Mr. Raman Kalra H. No. 541,
Sector 10 A, Gurgaon- 122001, Haryana Tel. No.
91-124-2372650 Mobile No.
91-9810089151 E-mail. ashwani@lappindia.com Contact Person
Mr. Ashwani Kumar Sharma 107, Lake Town,
Block A, Ground Floor, Kolkata 700089, West Bengal Tel. No.
91-33-25210838/25590716 Fax. No.
91-33-25210838 Contact Person Mr. S. K. Mitra |
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East Zone
Offices: |
107, Lake Town,
Block A, Ground Floor, Kolkata-700089, West Bengal Tel. No.:
91-33-2521 0838 Fax No.:
91-33-2521 0838 C-4/G, 9th
Phase, AdarshnagarSonari, P.O. Kagalnagar, Jamshedpur - 831 011, Bihar Tel. No.
91-657-2226260 Fax. No.
91-657-2236422 Mobile No.
91-98351 93039 E-mail. lappjsr@sify.com Contact Person
Mr. Pankaj Kumar Area Manager AM-61, Basanti
Colony, Rourkela - 769 012, Orissa Tel. No.
91-661-2512178 Mobile No.
91-98610 62769 Fax. No.
91-661-2507404 E-mail. satapathy@lappindia.com Contact Person
- Mr. R. Satapathy - Area Manager 103, Masalavala
Apartments, C.D.Burfivala Lane, Andheri (West), Mumbai 400058, Maharashtra Tel. No.
91-22-26286489 Mobile No.
91-9892261972 Fax. No.
91-22-26286950 E-mail. anand@lappindia.com Contact Person
- Mr.E.Ananda Ezhilan Juhu Lane,
Andheri (West), Mumbai - 400 058, Maharashtra Mobile No.
91-9820432073 Contact Person
Mr. H. K. Gore 58, Gaurav
Society, Near Panigate, Baroda - 390 006, Gujarat Tel. No. 91-265
2568959 Mobile No.
91-98254 04707 Fax. No.
91-265-2568959 Contact Person
Mr. Ritesh Doshi 'Office Club'
3rd Floor, Swaroop Complex, Karve Road, Pune - 411 004, Maharashtra Tel. No.
91-20-25432074 / 1352 Mobile. No.
91-98220 38013 Fax. No.
91-20-25463978 (O) Contact Person Mr. Avinnash Badgujar |
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West Zone
Offices: |
103, Masalavala
Apartments, C.D. Burfivala Lane, Juhu Lane, Andheri (West), Mumbai 400 058,
Maharashtra Tel. No.:
91-22-2628 6489 / 2621 0950 Fax No.:
91-22-2628 6489 Block No. 301,
3rd Floor, Sky Avenue Apartment, Opp. Sharadha Petrol Pump, Near Judges
Bungalows Bodakdev, Vastrapur, Ahmedabad - 380 054, Gujarat Tel. No.
91-79-26878190 Mobile. No.
91-98254 04708 Contact Person
Mr. Mitul Shukla G2-Classic
Manor 325, Shrinagar Extension, Indore - 452 018, Madhya Pradesh Tel. No.
91-731-2560809 Mobile. No.
91-98260 60809 Contact Person
Mr. Shrirannag S. Nawathe Bhilai, Madhya
Pradesh Contact Person
Mr. Vishal Bansode C/o V.V.
Srinivasan No.678, 6th 'C' Main, 12th Cross3rd Phase, J.P. Nagar, Bangalore-
560 078, Karnataka Tel. No.
91-80-27825477 Mobile. No.
91-98450 01940 Fax. No.
91-80-27825479 E-mail. krc@lappindia.com "Asheerwada",
1st FloorNo.37, 14th Cross, 19th Main, Padmanabhanagar, Bangalore, Karnataka Tel. No.
91-80-27825477 Mobile. No.
91-98450 34972 Fax. No.
91-80-26691401 E-mail. sudharshan@lappindia.com Contact Person
Mr. H. C. Sudharshan No.28/10,
Souripalyam Housing Unit, Peelamedu, Coimbatore - 641 004 Tel. No.
91-422-2594561 Mobile. No.
91-98422 59452 Fax. No.
91-422-2594561 E-mail. lapp@rediffmail.com Contact Person
Mr. Vellingiri Room No. 8,
No.29/1283, Bank RoadNear Paico Super MarketVittila, N.H.Bye Pass, Kochi -
682 019, Kerla Tel. No. 91-484
2306697 Mobile. No.
91-98950 56788 Fax. No. 91-484
230 6840 E-mail. sanjay@lappindia.com Contact Person
Mr. P. R. Sanjay No. 103,
Vasanthapuri Colony, Mourya Residency, 1st Floor, Malkajgiri, Hyderabad
500047, Andhra Pradesh Tel. No. 91-40
27061996 Mobile. No.
91-98490-24615 E-mail. layyhyd@lappindia.com Contact Person
Mr. A. V. Simon Anthony No. 581 F,
Prajwal Srustilal Alagirisamy Salai, K. K. Nagar, Chennai 600078, Tamilnadu Tel. No.
91-44-24801600 Mobile. No.
91-98400 47741 Fax. No.
91-44-24801600 Contact Person
Mr. S. Ravishankar Visakhapatnam,
Andhra Pradesh Contact Person
Mr. Sukethu Plot No. 98, J
& K, Jigani Indl. Area,II Phase, Anekal Taluk, Bangalore - 562 106,
Karnataka Tel. No.
91-80-27826011 Mobile. No.
91-98450 34373 Fax. No,.
91-80-27825479. Contact Person M. Ketan Chauhan |
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Overseas
office: |
Sri Lanka |
DIRECTORS
|
Name : |
Mr. S K Maini |
|
Designation : |
Chairman |
|
Address : |
Andreas Lapp,
Rosental Strasse 48, D-70563, Stuttgart, Germany |
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|
Name : |
Mr. Siegbert
Lapp |
|
Designation : |
Director |
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Address : |
Rosentalstr
48 D 7063, Stuttgart, Germany |
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Date of Birth : |
30.06.1952 |
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Date of Appointment : |
09.10.1996 |
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|
|
|
Name : |
Dr. Peter
Schmid |
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Designation : |
Director |
|
Address : |
Obere Rebber 6
Str 6 77709 Wolfach, Urtenau, Germany |
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Date of Birth : |
29.01.1944 |
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Date of Appointment : |
09.10.1996 |
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|
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Name : |
Mr.
Chivukula Krishna |
|
Designation : |
Director
|
|
Address : |
213,
St. No. 7, Lane no. 2, Himayatnagar, Hyderabad-29 |
|
Date of Birth : |
27.01.1947 |
|
Date of Appointment : |
14.11.2002 |
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|
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|
Name : |
Mr.
Andreas Lapp |
|
Address : |
Rosentalstr
48 D 7063, Stuttgart, Germany |
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Designation : |
Director |
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Date of Birth : |
06.03.1956 |
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Date of Appointment : |
09.10.1996 |
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|
|
|
Name : |
Mr.
Impkamp Frank |
|
Address : |
No.
6A, Jalan Tempua, Singapore |
|
Designation : |
Director |
|
Date of Appointment : |
28.02.2005 |
KEY EXECUTIVES
|
Name : |
Mr.
Kannah Sriram |
|
Designation : |
Company
Secretary |
|
Address : |
A 3, South Avenue Apartment, 17th B
Main VI Block, Koramangala, Bangalore-560095, Karnataks |
|
Date of Birth/Age : |
28.10.1972 |
|
Date of Appointment : |
03.01.2000 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of shares |
|
LAPP Holding
Asia Private Limited |
123998 |
|
LAPP Siegbert |
1 |
|
LAPP Andreas |
1 |
|
LAPP Holding
Asia Private Limited |
1268575 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Processors, Importers, Exporters and Dealers of all kinds of cables, wires,
coils, cords, conductors, connectors, clamps, application systems and
accessories, etc. |
|
|
|
|
Products : |
Cables Ψ
Flexible
Control Cables Ψ
Lift &
Conveying System Cables Ψ
Temperature
Resistant Cables & Compensating Cables Ψ
Cables
& leads for Permanent Installations Ψ
Data
Transmission Cables Ψ
Spiral
Cables Connectors Ψ
EPIC
Rectangular Heavy Duty Connectors Ψ
EPIC
Circular Connectors Ψ
Quick
& Easy Mounting Systems Ψ
LCON RS485
Fibre Optic Converter Ψ
The New
H-4 Ύ Inserts (400 V) Accessories Ψ
Cable
Glands Ψ
Cable
Marking Ψ
Protective
Conduit Systems |
|
|
|
|
Brand Names : |
Ψ Olflex Control Cables Ψ Unitronic Data Cables Ψ Hitronic Fibre Optic Cables Ψ Skintop Cable Glands Ψ Fleximark Marketing Systems Ψ Epic
Connectors |
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|
|
|
Imports from : |
Germany
|
PRODUCTION STATUS
|
Particulars |
|
Unit |
Installed Capacity |
Actual Production |
|
Cable |
|
Kilo Meters |
57600 |
14871 |
GENERAL INFORMATION
|
No. of Employees : |
175 |
|
|
|
|
Bankers : |
Ψ
HDFC Bank
Limited, 25/1, M. G. Road, Bangalore, Karnataka Ψ
Corporation
Bank, Industrial Finance Branch, Express Building, Queens Road, Bangalore
560001, Karnataka |
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|
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Banking Relations : |
Satisfactory
|
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Auditors : |
S B Billimoria
& Company Chartered Accountants 70/3, Millers Road, Bangalore 560 052, Karnataka, India |
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Tel. No.: |
91-80-2225 4610 |
|
Fax No.: |
91-80-2220 3125 |
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|
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|
Associates/Subsidiaries
: |
Ψ
U I Lapp
GmbH Ψ
Lapp
Logistics Ψ
Cabeleries
Lapp s. Ar. L Forbach Ψ
Contact
Connectors Ψ
Lapp GmbH,
Kabelwerke Ψ
Lapp
Holding Asia Pte Limited, Singapore Ψ
Lapp
Logistics Private Limited, Singapore Ψ
Supreme
Lapp Cable, Indonesia Ψ
Lapp Kable
Group, Germany |
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|
|
|
Parents : |
LAPP Kabel
Group of Germany The Lapp Group, has more than 45 companies and 60 agencies,
operates on all five continents and is one of the foremost manufacturer and
supplier of cables, cable accessories and communication technology worldwide.
In 1957, company founder Mr. Oskar Lapp developed Olflex, the first
industrially manufactured control cable in the world. Today they are the
world leaders in providing Total Solution in Electrical Connectivity. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 130.000 millions |
|
1,400,000 |
3% Non
Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 140.000 millions |
|
|
TOTAL |
|
Rs. 270.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,240,000 |
Equity Shares |
Rs. 100/- each |
Rs. 124.000 millions |
|
1268575 |
Equity Shares |
Rs. 100/- each |
Rs.126.857 millions |
|
|
Total |
|
Rs.250.857 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
250.857 |
250.857 |
250.860 |
|
|
2] Share Application Money |
0.004 |
0.004 |
0.000 |
|
|
3] Reserves & Surplus |
144.557 |
38.230 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(15.550) |
|
NETWORTH
|
395.418 |
289.091 |
235.310 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
32.110 |
|
|
2] Unsecured Loans |
54.385 |
58.733 |
52.960 |
|
TOTAL
BORROWING
|
54.385 |
58.733 |
85.070 |
|
|
DEFERRED TAX LIABILITIES |
37.489 |
32.350 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
487.292 |
380.174 |
320.380 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
261.807 |
226.639 |
242.240 |
|
Capital work-in-progress
|
15.064 |
2.742 |
1.000 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
152.879 |
107.082
|
69.780
|
|
|
Sundry Debtors
|
127.953 |
88.253
|
55.520
|
|
|
Cash & Bank Balances
|
62.481 |
24.418
|
2.980
|
|
|
Other Current Assets
|
0.000 |
0.000
|
0.000
|
|
|
Loans & Advances
|
115.144 |
20.327
|
9.610
|
Total Current Assets
|
458.457 |
240.080 |
137.890
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
|
|
|
|
|
Provisions
|
|
|
|
Total Current Liabilities
|
248.036 |
89.287 |
60.990
|
|
Net Current
Assets
|
210.421 |
150.793 |
76.900
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.240 |
|
|
|
|
|
|
|
TOTAL
|
487.292 |
380.174 |
320.380 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
750.001 |
491.722 |
340.070 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
206.104 |
96.464 |
16.790 |
Provision for Taxation
|
69.139 |
39.245 |
0.600 |
Profit/(Loss) After Tax
|
136.965 |
57.219 |
16.190 |
|
|
|
|
|
Export Value
|
6.040 |
45.839 |
73.550 |
|
|
|
|
|
Import Value
|
360.554 |
228.435 |
134.000 |
|
|
|
|
|
Total Expenditure
|
543.897 |
395.257 |
322.220 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
18.26
|
11.64 |
4.76
|
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
27.48
|
19.61 |
4.99
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
28.61
|
20.67 |
4.42
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.52
|
0.33 |
0.07
|
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
0.76
|
0.51 |
0.62
|
|
|
|
|
|
|
Current Ratio
(Current Asset/Current
Liability) |
|
1.85
|
2.69 |
2.26
|
LOCAL AGENCY FURTHER INFORMATION
Subject is a part of Lapp Kabel Group of Germany.
The company was
incorporated with the name of Lapp Kabel India Private Limited. Later on, the
name has been changed as Lapp India Private Limited, with effect from 29th
September, 1999.
The initial
Authorised Capital of the company was Rs. 4.90 millions, later on it has been
increased to Rs. 54.00, Rs. 105.00 and Rs. 129.00 millions.
The company has
increased its exports to Sri Lanka & Bangladesh. Also it is making serious
efforts to penetrate into OEM and project business route.
The company is
planning to issue preference share to repay loans carrying higher interest
& ECB loans.
The company has
collaboration with Lapp Kabel Group of Germany.
The subject is a
100% subsidiary of the Lapp Group, manufacturing cables, connectors, cable
glands, conduits and accessories. Subject is the pioneer in introducing the
concept of Total solution in electrical connectivity in India, with its
unbeatable range of products.
The services and
products of the company are offered to its fast growing list of customers
through its trained regional marketing organisational set up at Delhi, Kolkata,
Mumbai, Bangalore, Baroda, Chennai, Coimbatore, Pune, Ludhiana and extensive
dealer network.
At the turn of
the Millennium, this timeless motto coined by the companys founder, Oskar
Lapp, is more appropriate than ever. For us, it continues to stand for
uncompromising readiness for innovation and constant development. Backed up by
proven products, by decades of experience and competence, the company promoted
new technologies, develop and process new materials, and make use of new
discoveries and tendencies.
The companys
fixed assets of important value include Land & Building, Furniture and
Fixtures, Office Equipments, computers, vehicles and Plant & Machinery.
Form 8 Particular for creation or modification of
charges
|
Corporation
identity number or foreign company registrations number of the company |
U28999KA1996PTC020467 |
|||||||||||||||
|
Name
of the company |
LAPP INDIA PRIVATE LIMITED |
|||||||||||||||
|
Address |
Plot No. 98, J
& K Jigini Industrial Area, II Phase, Anekal Taluk, Bangalore 562 106,
Karnataka, INDIA |
|||||||||||||||
|
This
Form is for |
Modification of
charge |
|||||||||||||||
|
Type
of Charges |
Hypothecation |
|||||||||||||||
|
Particular
of the charge holder |
Corporation
Bank Industrial
Finance Branch, Indian
Express Building, Queens
Road, Bangalore-560001 Karnataka |
|||||||||||||||
|
Nature
or description of the instrument creating charge |
NA |
|||||||||||||||
|
Date
of the instrument creating charge |
09.03.2000 |
|||||||||||||||
|
Amount
Secure by the charge |
Rs.215.000
millions |
|||||||||||||||
|
Brief
of the principal terms and conditions and extent and operation of the charge |
Rate
of Interest CC/ Inland Bills @ 8.5%p.a. PC/Export
Bills @ 7.5%p.a. PCFC/
RPFSC Applicable LIBOR + 0.75%p.a. TL
@ 8% p.a. BE
under LC @ 7% p.a. Commission
Imp/Inland LC-50% of banks prescribed rates BG-
1%pa.a + Service Tax Margin
for now TL 37% Repayment
New TL repayable within 36 months from the date of first disbursal in 12
quarterly installments of Rs.8.125 millions per quarter for the first 8
quarters and Rs.8.750 millions per quarter during the last 4 quarters. By
way of first charge |
|||||||||||||||
|
Description
of the property charge whether it is a charge on |
Plant
and Machinery Stock
in trade Book
debts |
|||||||||||||||
|
Modification
charge Charge
identification number of the charge to be modified |
9.3.2000/Regd.
On 10.04.2000 (D. No.27) |
|||||||||||||||
|
Date
of instrument modifying the charge |
|
|||||||||||||||
|
Particulars
of the Property charged |
Inventory
cohnsisting of raw materials, stock in process, finished goods and stock in
trade of the company and also goods meant for expert andbookdebts of the
company t its factory/godown etc. and any other place belonging to borrower
or may beolong to and held as ownbers/lessee/licence by the bnorrower to the
bank, Hypothecation of plant and machinery or other fixed assert aquired
under the klimit. At its fadctory at variouys places. |
|||||||||||||||
|
Breif
Description of the instrument
modifying the charge under section 135 |
Supplemental
Common deed of hypothecation of movables/ assets/ debts |
|||||||||||||||
|
Particulars
of Present Modification |
By
the above, the amount securedc by charge stands enhanced from Rs.115 millions
to Rs.215 millions as under :
|
Website Details :
Subject is a 100% subsidiary of the Lapp
Group manufacturing cables, connectors, cable glands, conduits and accessories.
We are the pioneers in introducing the concept of "Total solution in
electrical connectivity" in India, with their unbeatable range of products
At LAPP INDIA, the cable technology is more than
creating connections, it is to develop strong partnership with our customers,
share their worldwide experience and provide innovative solutions. Services and
products are offered to our fast growing list of customers through our trained
regional marketing organisational set up at Delhi, Calcutta, Mumbai, Bangalore,
Baroda, Chennai, Coimbatore, Pune, Ludhiana and extensive dealer network.
The Lapp Group which has more than 45 companies
and 60 agencies, operates on all five continents and needless to say is one of
the foremost manufacturer and supplier of cables, cable accessories, and
communication technology worldwide. In 1957 company founder Mr.Oskar Lapp
developed Φlflex, the first industrially manufactured control cable in the
world. Today tehy are the world leaders in providing "Total Solution In
Electrical Connectivity
History
Now of all times, at the turn of the Millennium,
this timeless motto coined by their company founder, Oskar Lapp, is more
appropriate than ever. For us, it continues to stand for uncompromising
readiness for innovation and constant development. Backed up by proven
products, by decades of experience and competence, we promote new technologies,
develop and process new materials, and make use of new discoveries and
tendencies
In this way, efficient products and systems are
devised for their customers, which will also fulfil the future demands of the
market. At all times, highest quality in service and technology remains our
foremost principle - now and in the future. Because we wish to remain -
for their customers - the partner one can trust, using their competence to
contribute to the success of their undertaking. And to achieve this aim, they
make the utmost efforts
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 records 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 Intl 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
companys 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. 44.27 |
|
UK
Pound |
1 |
Rs. 86.71 |
|
Euro |
1 |
Rs. 57.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
46 |
This score
serves as a reference to assess SCs 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
|
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 |