MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LEE COOPER [ |
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Formerly Known As : |
APPARELS AND ACCESSORIES RETAIL [ |
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Registered Office : |
16/2, |
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Country : |
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Date of Incorporation : |
21.04.2006 |
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Com. Reg. No.: |
39068 |
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CIN No.: [Company
Identification No.] |
U18101KA2006PTC039068 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of buying, selling, importing, exporting,
dealing in all kinds of consumer products related to garments of all varieties
and description, fashion, personal effects, shoes, purses, belts and all
types of health care, body care, educational product. |
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. |
Small |
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Status : |
New company |
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Payment Behaviour : |
Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Lee Cooper International Limited, Given address of Bhiwandi appears to be a rented warehouse. Directors are resourceful having interest in Shopping malls and
retails business. Trade relations are fair. Nothing adverse reported. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
16/2, |
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E-Mail : |
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Factory 1 : |
Bhiawandi Dapada Village AWH No. 8, 1st Main Floor Mari Har
Industries Compound, Bhiwandi, |
DIRECTORS
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Name : |
Mr. Kanchan Kumar Pant |
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Designation : |
Director |
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Address : |
P 1, |
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Date of Birth/Age : |
01.09.1964 |
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Date of Appointment : |
21.04.2006 |
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Name : |
Mr. Arun Sirdeshmukh |
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Designation : |
Director |
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Name : |
Mr. Krishankant Rathi |
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Designation : |
Director |
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Address : |
B – 72, |
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Date of Birth/Age : |
30.12.1961 |
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Date of Appointment : |
29.08.2006 |
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Other Directorship : |
Ambit Investment Advisory Company Limited U67190MH2005PTC155095 Home Solutions Retail [ U52330MH2004PLC148956 Foot – Mart Retail India Limited U51909MH2005PLC157355 Indivision Investment Advisors Limited U67190MH2005PLC157444 Convergem Retail [ U52110MH2006PLC159581 Future Capital Investment Private Limited U99999MH2006PTC159513 Future Ideas Company Limited U74140MH2006PLC159526 Future Bazaar India Limited U51900MH2006PLC159197 Future Media [ U74300MH2006PLC160375 Future Logistic Solutions Limited U63030MH2006PLC160376 Sain Marketing Network Private Limited U51909MH2005PTC151869 Kb Infin Limited U29120MH2005PLC156795 Shendra Infrastructure Development Limited U45200MH2005PLC157267 |
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Name : |
Mr. Chandra Prakash Toshniwal |
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Designation : |
Director |
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Address : |
A – 603, Tanishk, Grant Eastern Link, |
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Date of Birth/Age : |
29.09.1966 |
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Date of Appointment : |
29.08.2006 |
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Other Directorship : |
Anchor Mall Private Limited U70100MH2005PTC153677 BLB Mall Management Company Private Limited U70100MH2005PTC155196 Srishti Mall Management Company Private Limited U70100MH2005PTC155102 Unique Mall Private Limited U70100MH2005PTC155104 Pan India Restaurants Limited U55101MH2005PLC151089 Manz Retail Private Limited U51909MH2005PTC156437 Naman Mall Management Company Private Limited U70101MH2005PTC153688 Idiom Design And Consulting Limited U74995MH2005PTC151073 Pantaloon Food Product [ U15100MH2005PLC152599 Future Media [ U74300MH2006PLC160375 Convergem Retail India Limited U52110MH2006PLC159581 Future Logistic Solutions Limited U63030MH2006PLC160376 Future Ideas Company Limited U74140MH2006PLC159526 Future Bazaar India Limited U51900MH2006PLC159197 GJ Future Fashions Limited U52190MH2006PLC160377 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Equity
Shares |
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Mr. Kanchan K. Pant |
5000 |
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Mr. Arun Sirdeshmukh |
5000 |
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Total |
10000 |
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Names of Shareholders |
No.
of Preference Shares |
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Lee Cooper International Limited |
4100000 |
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Indus-League Clothing Limited |
4100000 |
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Total |
8200000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of buying, selling, importing, exporting,
dealing in all kinds of consumer products related to garments of all
varieties and description, fashion, personal effects, shoes, purses, belts
and all types of health care, body care, educational product. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Associates/Subsidiaries : |
Ambit Investment Advisory Company Limited U67190MH2005PTC155095 Home Solutions Retail [ U52330MH2004PLC148956 Foot – Mart Retail India Limited U51909MH2005PLC157355 Indivision Investment Advisors Limited U67190MH2005PLC157444 Convergem Retail [ U52110MH2006PLC159581 Future Capital Investment Private Limited U99999MH2006PTC159513 Future Ideas Company Limited U74140MH2006PLC159526 Future Bazaar India Limited U51900MH2006PLC159197 Future Media [ U74300MH2006PLC160375 Future Logistic Solutions Limited U63030MH2006PLC160376 Sain Marketing Network Private Limited U51909MH2005PTC151869 Kb Infin Limited U29120MH2005PLC156795 Shendra Infrastructure Development Limited U45200MH2005PLC157267 Anchor Mall Private Limited U70100MH2005PTC153677 BLB Mall Management Company Private Limited U70100MH2005PTC155196 Srishti Mall Management Company Private Limited U70100MH2005PTC155102 Unique Mall Private Limited U70100MH2005PTC155104 Pan India Restaurants Limited U55101MH2005PLC151089 Manz Retail Private Limited U51909MH2005PTC156437 Naman Mall Management Company Private Limited U70101MH2005PTC153688 Idiom Design And Consulting Limited U74995MH2005PTC151073 Pantaloon Food Product [ U15100MH2005PLC152599 GJ Future Fashions Limited U52190MH2006PLC160377 Convergem Retail India Limited U52110MH2006PLC159581 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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18000000 |
Equity Shares |
Rs. 10/- each |
Rs. 180.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financials are available since it is a new company.
LOCAL AGENCY FURTHER INFORMATION
Nil
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.96 |
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1 |
Rs.82.55 |
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Euro |
1 |
Rs.55.96 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
5 |
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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 |
NO |
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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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27 |
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 |
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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. |
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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