MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOSEPH LESLIE AND COMPANY |
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Registered Office : |
Leslico House, off 87-C, Prof. V. S. Agashe Road, Dadar (West), Mumbai-
400028, Maharashtra |
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Country : |
India |
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Year of Establishment : |
15.02.1933 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM24807G/ MUMM23942C |
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PAN No.: [Permanent
Account No.] |
AABFJ4257H / AABFJ4257H |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturing and Selling of Industrial Personal Protective
Equipments. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a +70 years old concern meeting its normal commitments
timeoulsy. Trade relations are fair. The concern can be considered good for normal business dealings. |
LOCATIONS
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Registered / Head Office : |
Leslico House, off 87-C, Prof. V. S. Agashe Road, Dadar (West),
Mumbai- 400028, Maharashtra, India |
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Tel. No.: |
91-22-24227587/ 24221880/24221878/ 24557198 |
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Fax No.: |
91-22-24306044 |
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E-Mail : |
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Contact Person: |
Mr. Vinod Bamaniya Ms. Rekha Parkar. |
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Website : |
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Regional Office (Chennai) : |
G-4 Floor, Amar Sindur No. 43, Pantheon Road, Egmore, Chennai- 600008,
India |
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Tel. No.: |
91-44-52146053 / 28591569 |
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Fax No.: |
91-44-28591569 |
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E-Mail : |
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Contact Person : |
Mr. Jacob Verghese |
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Regional Office (Kolkata) : |
12-F, Everest House, 46-C Jawaharlal Nehru Road, Kolkatta- 700071 |
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Tel. No.: |
91-33-22883107/ 22882467 |
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Fax No.: |
91-33-22889644 |
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E-Mail : |
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Contact Person : |
Mr. H. Chatterjee, Mr. M. P. Gholsh Mr. D. Ghosh |
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Regional Office (Delhi) : |
Office No. 701, 95, Vishal Bhavan, Nehru Place, New Delhi-110019 |
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Tel. No.: |
91-11-28520593 / 28522910 |
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Fax No.: |
91-11-28525210/ 28520212 |
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E-Mail : |
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Contact Person : |
Mr. D. Panda |
SOLE PROPRIETOR
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Name : |
Mr. Joseph Leslie Vaz |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Selling of Industrial Personal Protective Equipments. |
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Products : |
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GENERAL
INFORMATION
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Bankers : |
Not available |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
N.A. |
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Borrowed : |
N.A. |
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Total : |
N.A. |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
History
Today the concept of Personal Protective Equipment is more important
than ever before. In India and countries all over the world Industrial Safety
& Personal Safety Systems are not only crucial for protection of the work
force but also for improved productivity.
For over 70 years, Joseph Leslie and Company has pioneered and provided
a range of Personal Protective equipment for major industries - from mining to
chemicals, oil exploration, aeronautics and engineering.
JLC's VAST HISTORY
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In 1930, Mr. Joseph Leslie Vaz, initiated a small trading unit which was
used for the distribution of much needed drugs like "SULFA". The
funds from this small venture were part of the capital for his new venture.
Trading as well as production, consultancy and engineering were becoming very
popular in a slowly developing British India.
In 1933, at 105 Apollo Street, Mumbai, Mr. Vaz set up a business as an
Engineer and Industrial Advisor.
It was part of the early 1930's when the slump was still on and the
commercial world had not yet recovered from the Wall Street Collapse, that
Joseph Leslie was setup as a sole proprietorship. The company then dealt with
Hardware, Welding materials and ship stores. One of its first manufactured
products was "Carbon Brushes".
1950 - A single room at Apollo Street in Mumbai was far from sufficient
for an expanding business and so a shed close to Mr. Vaz's residence was hired
and converted into a workshop.
In 1956, Mr. Vaz decided to tour Europe and U.K. and made a study of
Industrial Safety appliances and their production. In the summer of that same
year he held numerous discussions with a firm in Germany that manufactured
Personal Protective Safety Equipment, Deep Sea Diving Equipment, etc. This firm
was Draeger. He returned to India as Draeger's Sole and Exclusive
representative.
1958, a milestone year, Joseph Leslie & Co. celebrated its Silver
Jubilee. The first modern Mines Rescue Oxygen Breathing Apparatus, Model BG174
manufactured by Draeger was presented to Honourable Prime Minister
Pandit Jawaharlal Nehru. Following this, Mine Rescue Stations all over the
country ordered these Breathing Apparatus.
In 1963, Carole Leslie Vaz, the eldest daughter of Mr. Joseph
Leslie Vaz, joined the firm as a partner. She brought with her new ideas and a
fresh drive. It was also decided that the workshop be vacated and a new factory
at Prabhadevi Industrial Estate was established.
Being the Pioneer in Industrial Safety in India, Mr. Joseph Leslie Vaz
was invited in 1965 to present a paper on Personal Protective Equipment at
President Dr. S.K. Radhakrishnan's first Safety Congress.
In 1968, Wendy Leslie Vaz, the youngest daughter of Mr. Joseph
Leslie Vaz joined the company as a partner. She brought with her fresh and
young blood leading to new ideas, knowledge and innovative planning. Today, she
is mainly responsible for installing the vast marketing network that the
company possesses. Her interaction with the Dealers and Vendors is exemplary.
The company now manufactures Safety ear muffs, Industrial safety helmets,
Gloves, Goggles, Safety torches, Face shields, protective clothing and so on.
In 1970, after an intensive programme in Draeger Germany, Mr. Cyril
Pereira joined the Joseph Leslie Group. With his technical experience,
management skills and innovative production methods, several improvements were
established technically to enhance the company's existing product portfolio.
In 1974, after a considerable growth in the company, Joseph Leslie &
Co. expanded further by setting up a new office at Apeejay House, maintaining
the space at Apollo Street, Mumbai for storage.
1975 - this year resulted in the formation of Joseph Leslie Agencies
which was formed to deal solely with distribution of Draeger products and
varied safety agency products.
Joseph Leslie and Co. handled production and distribution of Leslico
products. The name 'Leslico' was established as a Trade Mark for
all SAFETY PRODUCTS manufactured by Joseph Leslie and Co.
In 1983, Joseph Leslie & Co. celebrated its Golden Jubilee.
Currently, Mrs. Wendy Leslie Pereira heads the organization. The
energy and the dynamism that the company represents are primarily traits of
Mrs. Pereira's character. Vision, planning, precision, charisma and sheer
doggedness are adjectives that aptly describe her. She has her finger in every
pie. She knows the nitty gritty of production, execution, marketing, finance,
all pillars of a successful organization lead by a brilliant personality.
In the year 2008, Joseph Leslie & Co. will celebrate its Diamond
Jubilee.
Subject act as a
Distributor for the following
|
Company Name: |
COLD WELD SERVICES |
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Contact Person: |
Mr. S. Ghosh Chaudhary |
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Address: |
G/11,Ali Son Apartments, 101, Thakur Bari Road, Sakchi,
Jamshedpur-831001 |
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Tel: |
91-657- 2438993 (R)(0657) 2305284 |
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Fax: |
91-657-2438958 |
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Email: |
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Mobile: |
91-9431139968 |
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Company Name: |
FYRE MASQ AGENCIES |
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Contact Person: |
Mr. Bernard Hereford |
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Address: |
52/7, Haines Road,Bangalore,Karnataka - 560 005. |
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Tel: |
91-80 -5512895 / 5369689 |
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Fax: |
91-80-5512488 / 5512895 |
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Email: |
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Mobile: |
91-98440-60835 |
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Company Name: |
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Contact Person: |
Mr. Devendra Rawat |
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Address: |
House No. 233, 1st Floor, Sector No. 41A, Chandigarh - 160
036 |
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Mobile: |
09888514436 |
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Mr. Shakeel Ahmed Mobile : 91-9871314385 Mr. Sandeep Srivastava Mobile : 91-9810600314 |
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Company Name: |
LESHA ENGINEERS |
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Contact Person: |
Mr. P.S. Suresh Kumar |
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Address: |
3/5, Ranthambore Complex, Near All India Travels Pvt.Ltd,
Zone II, M.P. Nagar, Bhopal, Madhya Pradesh- 462 011 |
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Tel: |
91-755 -2764543/ 2764544 |
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Fax: |
91-755-2764544 |
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Email: |
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Mobile: |
91-98260-76454 |
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Company Name: |
PPA Marketing Private Limited |
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Contact Person: |
Mr. Murali Jammula |
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Address: |
N6/456, (near Hotel Crown), Jaydev Vihar, IRC Village,
Bhubaneshwar |
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Tel: |
91-674- 2556660 (R)(0674) 534462 |
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Fax: |
91-674 2554440 |
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Email: |
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Mobile: |
91-98610-90116 |
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Company Name: |
SUCCESS UDYOG |
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Contact Person: |
Mr. Vikas Sable |
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Address: |
5, Jedhe Park, Near Hotel Shantai, 248 / 1 + 2, Rasta Peth.Pune – 411
011. |
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Tel: |
91-250- 6130051 / 6136507 (R)91-250- 6686746. |
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Email: |
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Mobile: |
91-98220-36330. |
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Company Name: |
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Contact Person: |
Mr. Vipin Srivastava |
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Address: |
H. No. 1 - Jha - 8, Dadabari,
Kota (Rajasthan) - 324009 |
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Tel: |
91.744- 2503368 |
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Mobile: |
91-9482432010 |
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Company Name: |
SURI INDL. ENGG. CO. |
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Contact Person: |
Mr. Suri Ramu |
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Address: |
1-7-34/1, Chaitanyapuri, Hyderabad, Andhra Pradesh - 500 060 |
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Tel: |
91-40- 24549693 / 2546231 (R)(040) 24047550 |
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Fax: |
91-40-24057902/ 24041112 |
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Email: |
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Mobile: |
91-98494-99101 |
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Company Name: |
SURI INDL. ENGG. CO. |
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Contact Person: |
Mr. Srinivas H. |
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Address: |
DR. NO. 58-14-75/1, Plot No. MIG-63, Vuda Layout,Marripalem,
Vishakhapatnam,Andhra Pradesh - 530 018. |
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Tel: |
91-8912591418 |
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Email: |
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Mobile: |
91-9848192413. |
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Company Name: |
SSS ASSOCIATES |
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Contact Person: |
Mr. Sharad Sonkule |
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Address: |
386, Chandan Nagar,Post Hanuman Nagar,Nagpur - 440 009 |
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Tel: |
91-712- 2747684 |
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Fax: |
91-712-2552067 |
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Email: |
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Mobile: |
91-9373107962 |
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Company Name: |
TRITON ENGINEERS & TRADERS |
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Contact Person: |
Mr. Amarjyoti Sahu |
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Address: |
J.K Path Building no:4, P.O. Hengarabari, Dispur, Guwahati, Assam –
781036 |
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Tel: |
91-374 -2342228 (R)91-361-2226444 |
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Fax: |
91-374- 2335455 |
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Email: |
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Mobile: |
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Company Name: |
UNISAFE SERVICES |
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Contact Person: |
Mr. S. V. Deshmukh, Mr. Rana |
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Address: |
A-28, Rajlaxmi Complex, Opp. Alkapuri Tel. Exchange Old Padra
Road,Near Race Course Circle,Baroda, Gujarat – 390 007 |
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Tel: |
91.265- 2338714, 2326660 (R)
91-265-2313201. |
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Fax: |
91-265- 2324198 |
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Email: |
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Mobile: |
91-98240-10516 (Deshmukh), 91- 98240-46330 (Rana) |
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Company Name: |
VIBHAV INDL. CORPN. |
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Contact Person: |
Mr. A. P. Kholkar |
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Address: |
4, 1ST Floor, Ohm Chambers, Opp. Laxminarayan Temple,GOA - 403 507 |
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Tel: |
91-832 2434819 |
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Fax: |
91-832 2250459 |
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Email: |
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.56 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.67.08 |
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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