MIRA
INFORM REPORT
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Report Date : |
09.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
LABH INFOCOM PRIVATE LIMITED |
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Registered Office : |
309 Chitrarathne hotel President off, C G Road Navrnagpura Ahmedabad Gujarat-380009 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
30.04.2001 |
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Com. Reg. No.: |
04-039472 |
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CIN No.: [Company
Identification No.] |
U72200GJ2001PTC039472 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHML00881G |
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PAN No.: [Permanent
Account No.] |
AAACL8762F |
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Legal Form : |
Private Limited liability company |
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Line of Business : |
Software Development, E-Commerce, Website, Development,etc |
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RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade relations
are reported as fair. Business is active, Payments are however reported as
usually correct and as per commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
309 Chitrarathne hotel President off, C G Road Navrnagpura Ahmedabad
Gujarat-380009 |
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E-Mail : |
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Corporate Office : |
403-405, Time Square Pariseema Complex, C.G.
Road, Ahmedabad: 380009,Gujarat India |
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Tel. No.: |
91-79-26569261/26442897/30070400 |
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Fax No.: |
91-79-26467821 |
DIRECTORS
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Name : |
Mr. Sunit Jitendra Hapani |
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Designation : |
Director |
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Address : |
C-73, Sachin Tower Shyamal Row House Nr
Satelite, Ahmedabad, Gujarat:380015 |
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Date of Birth/Age : |
03.10.1968 |
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Date of Appointment : |
30.04.2001 |
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Name : |
Mrs. Amiben Sunit Hapani |
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Designation : |
Director |
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Address : |
C-73, Sachin Tower Nr. Shyamal Row House, Satelite, Ahmedabad |
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Date of Birth/Age : |
24.01.1972 |
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Date of Appointment : |
30.04.2001 |
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MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Sunit Jitendra Hapani |
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8000 |
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Mr. Sunit Hapani |
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2000 |
BUSINESS DETAILS
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Line of Business : |
Software Development, E-Commerce, Website, Development,etc |
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GENERAL
INFORMATION
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Bankers : |
Unknown |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sanjay Vastupal and Company Chartered Accountant |
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Address : |
606, Shitiratna, Panchvati Circle, C.G.Road, Navrangpura Ahmedabad
3800026 Gujarat |
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GroupCompany : |
Labh Machines Private Limited Labh Packaging Private Limited Labh Infocom Private Limited Labh Technologies Labh Engineering Labh International |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Share |
Rs.10/-(each) |
Rs.0.100Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Share |
Rs.10/-(each) |
Rs.0.100
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.018 |
0.014 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.118 |
0.114 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.0 |
0.0 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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0.118 |
0.114 |
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APPLICATION OF FUNDS |
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0.000 |
0.000 |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.075 |
0.081 |
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Cash & Bank Balances |
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0.127 |
0.127 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.023 |
0.001 |
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Total
Current Assets |
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0.225 |
0.209 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.101 |
0.093 |
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Provisions |
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0.010 |
0.010 |
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Total
Current Liabilities |
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0.111 |
0.103 |
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Net Current Assets |
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0.114 |
0.106 |
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MISCELLANEOUS EXPENSES |
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0.004 |
0.008 |
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TOTAL |
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0.118 |
0.114 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.94 |
0.90 |
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Current Ratio (Current Asset/Current Liability) |
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2.02 |
2.029 |
LOCAL AGENCY
FURTHER INFORMATION
Packaging Machines
LABH GROUP is a leading group of companies from India having interest in diversified fields like packaging machines, pharmaceutical machines, confectionery machines, turnkey projects, packaging material, export-import, Information technology etc. The Group has prestigious ISO 9001 Quality Certificate from KPMG, a World renowned Quality Registrar. They enjoy a wide client base in more than 60 Countries like U.K., U.S.A., Canada, Brazil, Mexico, Argentina, Panama, El Salvador, Singapore, Australia, New Zealand, Mauritius, Dubai, Saudi Arabia, Iran, Bahrain, Yemen, Jordan, Libya, Russia, Uzbekistan, Kazakhstan, South Africa, Zambia, Cameroon, Nigeria, Liberia, Uganda, Kenya, Tanzania, Congo, Malawi, Ethiopia, Sudan, Sri Lanka, Bangladesh, Nepal and many more.
The LABH GROUP is a reputed organization having a national and international presence since 1991. Initially, the group began with manufacturing packaging machines and over the period of time, diversified into other areas.
The Group comprises of following companies:
- Labh Machines Private. Limited.
- Labh Packaging Private. Limited.
- Labh Infocom Private. Limited.
- Labh Technologies
- Labh Engineering
- Labh
International
The main activities of the group are as under:
- Manufacturing and Exporting of Packaging Machines.
- Manufacturing and Exporting of Pharmaceutical Machines.
- Manufacturing and Exporting of Confectionary Machines.
- Manufacturing and Exporting of Packaging Material.
- Providing Turnkey Projects for Food, Pharmaceuticals, Cosmetic, Chemical, Printing and other industries.
- Information Technology related services.
- General Export & Import
Product Range:
Packaging Machines.
They have wide range of packaging machineries for different applications as under.
- Fully Automatic Pouch Packing Machines to pack liquid / paste (1 ml to 1000 ml).
- Fully Automatic Pouch Packing Machines to pack granules/powders (1 gm to 2000 gm).
- Automatic Bottle Filling line with on line sealing, capping, labeling etc. for liquids, paste, granules and powders.
- Semi Automatic Filling and Sealing Machines for liquids, paste, granules and powders.
- Automatic Bag Filling Machines for powders and granules (5 kg to 100 kg)
- Automatic Bag and Pouch making Machines
- Shrink Wrapping and vacuum packing Machines.
- Horizontal Flow Wrapping Machines.
- Weighing system to fill powders, granules and liquids into jar, tin, bag and drum.
- Tailor made machines for specific requirement.
Pharmaceutical Machines.
They supply Complete plant and individual machinery for
- Tablet Section
- Capsule Section
- Liquid Section
- Injectable / Sterile Section
- Ointment Section
- Dry Syrup / Powder Section
Confectionary Machines.
They supply complete plant and individual machinery for
- Toffee Plant
- Candy Plant
- Lolli-pop Plant
- Bubble Gum Plant
Packaging Material.
Product Range
- Roto-gravure printed laminated material.
- Roto-gravure / Flexo Printed Polyethylene / Polypropylene Material
- Shrink Films and labels
- Laminated Tubes
- Aluminum Collapsible Tubes
- Sticker Labels
- Aluminum Foils (Printed / Unprinted)
Turnkey Projects
They supply various projects on turnkey basis. Their scope includes preparing project report, feasibility study, design of the plant, selection and supply of the machineries, installation and commissioning of the plant, supply and training of men power, supply of raw material, marketing tips etc.
They supply projects for the following industries
- Food & Beverages
- Plastic Processing
- Printing and packaging
- Chemical
- Pharmaceuticals
- Cosmetic
- Textile
- Any other specific requirement
Information Technology related services.
The services offered are
- Software Development
- E-commerce
- Website Development
- Multimedia Presentation
- Web Promotion
General Export & Import
They trade globally in following items
- Spices
- Engineering Goods
- Machines
- Packaging Materials
- Chemicals
- Food & Beverages
- Herbal & Ayurvedic Products
- Textile Materials
- Cosmetic Products
- Leather Goods
LABH GROUP products are characterized by outstanding quality. By keeping control over the development and production of the products being produced, LABH GROUP has managed to stay flexible and customer oriented over the time. Their customers regard the services they provide as a decisive advantage. The experience and expertise accumulated over the years, in finding solutions for customers, has broadened their field of activities and expertise.
Their success can be attributed to proactive management, dedicated & enthusiastic sales and service team and their policy of providing high quality products. A full-fledged R&D Department and a fleet of trained and qualified engineers are constantly engaged in innovation and upgradation of various functional parameters and to meet the customized production needs of customers as per international standards. Their consistent efforts have resulted in many innovative additions to their product list as per the emerging demand of customers in a more dynamic and competitive business environment.
At LABH GROUP, the endeavor is always towards perfection. Their comprehensive quality control checks, regular monitoring and ongoing research & development reflect their earnestness and sincerity in maintaining quality.
They believe that Quality begins from inside… and then works its way out.
Their Motto
- To maintain leadership by designing, manufacturing and marketing products and services that create real value for the customers.
- To provide consistent products and services that meet the customer’s expectations.
- To continuously strive to improve and maintain their processes that add value to their product.
- To promote
the adoption of quality practices in every discipline.
Membership :
They are member of many reputed Government and non Government organisations as under :
Engineering Export Promotion Council ( EEPC ) – Government of India
Plastic Export Promotion Council ( PLEXCON ) – Government of India
Indian Trade promotion Council ( ITPO ) – Government of India
Federation of Indian Export Organisations ( FIEO ) – Government of India
Spices Board of India – Government of India
Federation of Indian Chamber of Commerce and Industries ( FICCI )
Gujarat Chamber of Commerce and Industries ( GCCI )
Ahmedabad Management Association ( AMA )
Their products have phenomenal market penetration in home as well in discerning overseas markets. They have taken Indian products to a global platform by exporting to more than 60 countries:
U.K Panama Mozambique Germany South Africa Colombia
U.S.A El Salvador New Zealand Algeria Zambia Spain
Canada Uganda Mauritius Ethiopia Cameroon Ghana
Brazil Kenya Dubai Sudan Nigeria Malaysia
Mexico Tanzania Saudi Arabia Bahrain Romania Thailand
Argentina Congo Iran Yemen Sri Lanka India
Indonesia Singapore Libya Russia Bangaladesh Bulgaria
Vietnam Australia Malawi Uzbekistan Nepal Jordan
Egypt Syria Abudhabi Kazakhstan Italy Lybia
Their Strengths
Outstanding quality puts them in a different league of companies. By keeping control over the development and production they have managed to stay flexible and customer oriented over the time. They sell the advantage of being a LABH customer in bundles through many ways. First, being a group, they are privileged to undergo integrated manufacturing and making resource utilization better. This really helps them in cost reduction. The experience and expertise accumulated over the years, in finding solutions for customers, has broadened their field of activities and expertise.
At Labh Group the endeavor is always towards perfection.
Their Quality
The organization aims for total customer satisfaction and quality products. They, at Labh Group undertake quality testing in all the manufacturing stages. All their products conform to the international norms and they use best techniques to carry out the quality control tests for their product range.
Quality is their corporate mantra. They have successfully achieved a high level of customer appreciation resulting in long-lasting relations by offering products that are high in quality.
Their Vision
They strive to build a corporate culture full of vitality and hold high goals to pursue creativity and contribute the prosperity of their customers by sincerity.
Company Profile
Business Type: Manufacturer,
Exporter, Importer
Primary Competitive Advantages: Reliable and
high quality of packaging machinesat competitive rates.
Year of Establishment: 1991
OEM Service Provided Yes
Membership
- Engineering
Export Promotion Council (EEPC ) – Government of India
- Plastic
Export Promotion Council (PLEXCON) – Government of India.
- Indian Trade
promotion Council ( ITPO ) – Government of India.
- Federation of
Indian Export Organizations (FIEO) – Government of India.
- Spices Board
of India – Government of India.
- Federation of
Indian Chamber of Commerce and Industries ( FICCI ).
- Gujarat
Chamber of Commerce and Industries ( GCCI ) .
- Ahmedabad
Management Association ( AMA ).
- Product Range Fully Automatic Pouch Packing Machines
to pack liquid / paste (1 ml to 1000 ml).
- Fully
Automatic Pouch Packing Machines to pack granules/powders (1 gm to 2000
gm).
- Automatic
Bottle Filling line with on line sealing, capping, labeling etc. for
liquids, paste, granules and powders.
- Semi
Automatic Filling and Sealing Machines for liquids, paste, granules and
powders.
- Automatic Bag
Filling Machines for powders and granules (5 kg to 100 kg)
- Automatic Bag
and Pouch making Machines
- Shrink
Wrapping and vacuum packing Machines.
- Horizontal
Flow Wrapping Machines.
- Weighing
system to fill powders, granules and liquids into jar, tin, bag and drum.
- Tailor made
machines for specific requirement.
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 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
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.58.03 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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 |
YES |
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TOTAL |
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29 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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