MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
L N TRADING COMPANY |
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Registered Office : |
New No. 40, Old No. 30, South West Boag Road, T Nagar, Chennai – 600 017,
Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2005 |
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IEC No.: |
405011989 |
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PAN No.: [Permanent
Account No.] |
ADSPV8178K |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Distributor and Supplier of agriculture
implements. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 25000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. Nothing adverse reported. The concern can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Kumar |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9840622137 |
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Date : |
04.08.2008 |
LOCATIONS
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Registered Office : |
New No. 40, Old No. 30, South West Boag Road, T Nagar, Chennai – 600
017, Tamilnadu, India |
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Tel. No.: |
91-44-65433637 |
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Mobile No.: |
91-9840622137 |
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E-Mail : |
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Website : |
Listed under Indiamart |
SOLE PROPRIETOR
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Name : |
Mrs. V Vanitha |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Kumar |
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Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Distributor and Supplier of agriculture
implements. |
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Products : |
·
Rotary Tiller Gear Box ·
Post Hole Digger Gear Box ·
Rotary Tiller PTO Shaft ·
Post Hole Digger PTO Shaft ·
PTO Shafts Spare Parts ·
Rotary Tiller Blades ·
Star Brand Power Tiller Blade |
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Exports : |
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Products : |
Agricultural equipments and spares |
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Imports : |
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Products : |
Power tiller blades |
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Countries : |
Italy |
GENERAL
INFORMATION
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No. of Employees : |
Under 10 |
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Bankers : |
ICICI Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
Rs.5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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19.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
L N TRADING COMPANY |
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Address |
New No. 40, Old No. 30, South West Boag Road, T Nagar, Chennai – 600
017, Tamilnadu, India |
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2nd address |
NIL |
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Phone/ Mobile Numbers |
91-44-65433637 |
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Fax Numbers |
No Fax Facility |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship firm |
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Income Tax Registration |
ADSPV8178K |
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Central Sales Tax Registration |
820182 / 11.3.2005 |
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State Sales Tax Registration |
1582062 (use TIN Number only) |
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VAT/ TIN Registration |
33711582062 |
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Import Export Code |
405011989 |
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Name of Bank |
ICICI Bank |
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Account Since |
2005 |
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Credibility Factors |
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IndiaMART Client Since |
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Years of Establishment |
3 Years |
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Turn Over |
Rs.19.000 millions |
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Turn Over Year |
31.03.2008 |
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Trade Affiliations |
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SSI Registration |
NO |
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Export Promotion Council |
NO |
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Chambers of Commerce Membership |
NO |
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D&B D-U-N-S Number |
NO |
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Govt. Recognised Export House Status |
NO |
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Other Affiliations |
Nil |
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Standards & Certifications |
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Quality Management Systems |
In house |
Web Details
Established to deliver highest quality
products, they have left the imprints as an eminent distributor and supplier of
wide range of agricultural implements. Popularly called "Quality
People", Subject is today a well known name in the agri industry. Piloted
by a group of dynamic, visionary personnel, they have promoted world class agro
products all over India.
Cost effective and reliable, the range of products include rotary tiller gear
box, rotary tiller PTO shaft, post hole digger box, post hole digger PTO shaft,
rotary tiller blades, PTO shafts spare parts and star brand power tiller blade.
They have a team of engineers and technical professionals who have complete
knowledge about the industry and form a part of their quality check unit. The
team of marketing professionals and distribution experts have a complete
understanding about the market dynamics and work in close coordination with the
clients to deliver the product as per their specific requirements.
Business
The
goal is to cater the increasing demand of agricultural implements with the
latest and innovative technologies, they have successfully captured international
markets and have generated wide demand for the products with assistance and
support of their supply chain managers. They also have marketing tie-up with
"Trade Link Services" and "Farm Equipment Corporation" to
attain the following objectives:
- To educate
farmers on latest technology in agricultural implements.
- To educate
manufacturers and dealers about the quality agri products.
Clients
They have a long list of clients spread all over the globe.
The products have been well appreciated by all their clients, which motivates
them to elevate the standard of excellence. They have gained their appreciation
and respect through the high quality standards, innovative products, ethical
business practices along with a competitive price structure.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.20 |
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UK Pound |
1 |
Rs.81.48 |
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Euro |
1 |
Rs.64.27 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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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 |
YES |
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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 |
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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45 |
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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