MIRA
INFORM REPORT
|
Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LDG INTERNATIONAL |
|
|
|
|
Registered Office : |
A-42, Badli Extension, Village Badli, Delhi-110042 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Date of Incorporation : |
1984 |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Fragrances, Flavors and Oils. |
RATING &
COMMENTS
|
MIRA’s 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 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well-established and reputed concern. Partners are reported
as experienced and respectable businessmen. Trade relations are fair.
Business is active. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Jaydeep Gandhi |
|
Designation : |
Partner |
|
Contact No.: |
91-9810073456 |
|
Date : |
19.12.2008 |
LOCATIONS
|
Registered Office /Factory: |
A-42, Badli Extension, Village Badli, Delhi-110042 |
|
Tel. No.: |
91-11-27855839/ 27855546 |
|
Mobile No.: |
91-9810073456 |
|
Fax No.: |
91-11-27850260 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
440 sq. yard. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mrs. N M Gandhi |
|
Designation : |
Partner |
|
Date of Birth/Age : |
75 years |
|
Qualification : |
B.S.C |
|
|
|
|
Name : |
Mr. Jaydeep Gandhi |
|
Designation : |
Partner |
|
Date of Birth/Age : |
40 years |
|
Qualification : |
B.E. Chemical Engineering |
|
Experience : |
17 years |
|
|
|
|
Name : |
Mr. U J Gandhi |
|
Designation : |
Partner |
|
Date of Birth/Age : |
42 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Fragrances, Flavors and Oils. |
|
|
|
|
Products : |
·
Aerosol Fragrances and Body Deodorant Fragrances ·
Fragrances for Tobacco, Pan Masala and Mouth Freshner |
|
|
|
|
Exports : |
|
|
Products : |
·
Aerosol Fragrances and Body Deodorant Fragrances ·
Fragrances for Tobacco, Pan Masala and Mouth Freshner |
|
Countries : |
·
USA ·
Australia ·
Canada ·
Middle East |
|
|
|
|
Terms : |
|
|
Selling : |
T/T (Export), Cash/ Credit |
|
|
|
|
Purchasing : |
Cash/ Credit (60 days), T/T |
PRODUCTION STATUS
Capacity to increase production by: 50%
GENERAL
INFORMATION
|
Suppliers : |
Own Manufacturing |
|
|
|
|
Customers : |
|
|
|
|
|
No. of Employees : |
10 |
|
|
|
|
Bankers : |
Ř State Bank of
Delhi, Badli, Delhi-110042, India. |
|
|
|
|
Facilities : |
The concern do not enjoy facility from its bankers. |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditor : |
|
|
Name : |
Mr. Mohit Parekh and Company Chartered Accountant Delhi |
|
|
|
|
Memberships : |
|
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.2.000 Millions (Estimated) |
|
Borrowed : |
- |
|
Total : |
Rs.2.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
30.000 |
25.000 |
20.000 |
|
|
|
|
|
|
Profit/Loss for the year |
NA |
12% |
12% |
Expected Sales (2008-09) : Rs. 37.500 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES
Ř Stella Cosmetic, Delhi
Ř VLCC, Delhi
Ř Ajmal Perfumes
As per web details:
Subject was established in year 1984 as a partnership enterprise
under the able guidance of Shri M.P.Gandhi. Mr.M.P.Gandhi is a veteran of the
perfumery and flavor industry. During his service tenure he has served many a
big national and multinational fragrance houses of India. His 45 years of
expertise and visionary thinking is the main driving force behind subject.
During his service tenure in 1979 under his able leadership his company hadbeen
awarded the best exporter in perfumery area by the basic chemicals and
pharmaceuticals export promotion council setup by the Government of India. In
year 2000 he has been awarded and recognized a self made industrialist by
Institute for Trade and Industrial Development. Since the past two decades
Subject has appeased the sensory needs of a variety of customer base. These
include many big names in Indian and overseas market. Their company caters to
fragrance requirements of the cosmetic, aerosol and body deo-sprays, pan masala
and tobacco, mouth freshners, soap and detergents, incense sticks, perfumed
candles manufacturers. Their other speciality range includes reconstituted
essential oils for aromatherapy and flavours.Their company boasts of in house
R&D with latest testing equipment like gas chromatography machine,
polarimeter , refractometer ,etc. These equipments ensure the reliability of
their raw material source and also ensure the quality of their products
throughout the production line. No doubt they at subject believe in consistency
of quality. Their products confirm to international safety standards namely
dermatological and oral end use. Fragrances created by us are tested in the
respective products for their efficacy and stability in the applications
laboratory. Their staff of twenty years is technically skilled enough in
handling of their raw materials. They believe that happy employees produce
excellent work. Continuous investment is made in developing the technical and
managerial competencies of their employees. Their competitive advantage lies in
their Human Capital, a blend of youth and experience, going that extra mile to
bring delight to its customers, subject’s core objective is building it's
customer base. Dedicatedly and assiduously working towards obtaining the total
confidence and trust of its customers in its products and services subject
seeks and listens to customers' feedback. What creates value for their
customers, is what they work on, seeking to provide total solutions to delight
their customers. Their on-time delivery and focused customer service has
resulted in a loyal and prestigious clientele, who have been associated with us
on a long term basis, because they believe in keeping their customers
satisfied.
Products:
Cosmetic Fragrances and Talc Fragrances
- Rose
- Sandal
- Lavender
- Vanilla
- Cucumber
- Guava
- Jasmine
- Aphrodisia
- Cucumber FF
- Guava 20
- Varsha bahar
- Fanrasia ii
boquet shabab etc.
Incense Fragrances and Candle Fragrances
- Black rose
- Blackberry
- Coconut
- Jasmine
- Lemon grass
- Mango
- Melon
- Peppermint
- Pine
- C2482K
- Ag ram sp
- Agni
- Ald c19
- Almond
blossom
- Amber m
- Aphrodisia
etc.
Aerosol Fragrances and Body Deodrant Fragrances
o
Aishwarya
o
Allure
o
Amarige
o
Angela (angel)
o
Admiral
o
Anteaus
o
Amour amour
o
Anais anais
o
Brut
o
Brut musk
o
Corindre
o
Eternity
o
Femme
o
Fusion 139
o
Giorgio
o
Gucci rush
o
Imperial leather etc.
Fragrances for Tobacco, Pan Masala and Mouth Freshner
o
Rose CWF
o
Rose rajasthani
o
Rose bangle
o
Rose agra
o
Rose de Mai
o
Mayrose
o
Rooh gulab
o
Musk LK
o
Musk Edwin
o
Lilac 147
o
Lilac D
o
Ambergrease
o
Amber fir
o
Tabaccin etc.
·
Apple Flavors
·
Banana Flavors
·
Black current Flavors
·
Butter Flavors
·
Butter Scotch Flavors
·
Cherry Flavors
·
Chocolate Swiss Flavors
·
Chocolate White Flavors
§
Rosemary Oil
§
Lavender Oil
§
Lavendin Oil
§
Nutmeg Oil
§
Petitgrain Oil
§
Neroli Oil
§
Bergamot Oil
§ sLemon Oil
Essential Oils:
Cardamom,
Cajeputi, FrenchBasil, Rosemary, Lavender, Lavendina, Nutmeg, YlangYlang,
Petitgrain, Neroli, Bergamot, Lemon, Lime, Coriander, Thyme, Marjoram,
PimentoBerries, BayLeaf, CinnamonLeaf, CinnamonBark, FloralineJasmin, Rose Oil
Ec.
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.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|