MIRA
INFORM REPORT
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Report Date : |
21.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
LADWA SAFETY SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
Safety House, #152, 20th Cross, 17th Main, HSR
Layout, 3rd Sector, Bangalore – 560034, Karnataka |
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Country : |
India |
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Date of Incorporation : |
01.04.2008 |
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Com. Reg. No.: |
045857 |
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CIN No.: [Company
Identification No.] |
U74900KA2008PTC045857 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRL02534A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Distributors, Exporter and Importer of Roadway, Safety
Products. |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is successor to Safety Solutions Inc., a proprietory concern
which was established in year 1999. As such subject can be regarded as an established company. Trade
relations are fair. Payments are usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sunil Kumar Ladwa |
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Designation : |
Director |
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Contact No.: |
91-9945111222 |
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Date : |
06.06.2008 |
LOCATIONS
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Registered Office/ Factory : |
Safety House, #152, 20th Cross, 17th Main, HSR
Layout, 3rd Sector, Bangalore – 560034, Karnataka, India |
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Tel. No.: |
91-80-25726443 |
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Fax No.: |
91-80-25726553 |
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E-Mail : |
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Website : |
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Area : |
2200 sq. ft. |
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Location : |
Rented |
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Warehouse : |
AECS Layout |
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Area : |
3000 sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Sunil Kumar Ladwa |
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Designation : |
Director |
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Address : |
575, 19th Cross, 23rd Main Sector II, HSR
Layout, Bangalore – 560034, Karnataka, India |
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Date of Birth/Age : |
13.03.1970 |
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Qualification : |
Graduate |
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Email : |
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Name : |
Mrs. Sumitra Ladwa |
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Designation : |
Director |
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Address : |
575, 1st Floor, 21st Cross, 23rd Main
Sector II, HSR Layout, Bangalore – 560034, Karnataka, India |
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Date of Birth/Age : |
07.10.1973 |
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Qualifications: |
Diploma in Business Management |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 26.03.2008)
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Names of Shareholders |
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No. of Shares |
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Mr. Sunil Kumar Ladwa |
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8000 |
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Mrs. Sumitra Ladwa |
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2000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Distributors, Exporter and Importer of Roadway, Safety Products. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Traffic Safety Products |
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Countries : |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
L/C, Cash and T/T |
GENERAL
INFORMATION
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Customers : |
Software Companies:
Government
Agencies:
Star Hotels:
Manufacturing Industries:
Construction Companies:
Other Sector:
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No. of Employees : |
50 |
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Bankers : |
HSBC, M G Road Branch, Banaglore – 560001, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anil D’souza and Company Chartered Accountant |
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Address : |
Bangalore |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
- Plasmotek Private Limited, Bangalore
- Afforts Rubber Industry Private Limited, Haryana
- Prolite Autoglo, Mumbai
History:
Agreement for conversion of business by Mr.
Sunil Kumar Ladwa proprietor, Safety Solutions Inc. Bangalore. To Ladwa Safety
Solutions Private Limited, Bangalore – A Company, Registered and Incorporated
in No. U74900KA2008PTC045857
dated 01.04.2008 with registered of companies in Karnataka, Bangalore
COMPANY PROFILE:
Safety Solutions Inc: specialize
in meeting the Occupational Safety, Traffic management, health and
environmental needs by offering need based and regulatory compliance. They are
a reputed company with most of their products being exported and having a very
strong customer base in India.
Located in Bangalore's
suburbs in India, Safety Solutions Inc. can help the company
succeed in all matters that relate to safety, Security, health and
environmental regulations. Their commitment to customer service combined with
experience, product selection, and technology leadership, are the keys to their
success. They are committed to maintaining the highest integrity in all their
relationships with customers, suppliers, staff and business partners. Safety Solutions Inc. is an organization headed by efficient
personnel with a Decade of Experience in the field of Traffic safety, supply
and Training. They are one of the very few companies in India, which are
capable of delivering a variety of Safety Products and Solutions under one
roof.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.97 |
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UK Pound |
1 |
Rs.84.75 |
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Euro |
1 |
Rs.66.72 |
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 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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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54 |
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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