MIRA
INFORM REPORT
|
Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LIFE LINE SYSTEM PRIVATE LIMITED |
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Registered Office : |
A.D. House, J-161/1, Gautam Nagar, New Delhi-110049 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
23.04.1981 |
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Com. Reg. No.: |
55-1631 |
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CIN No.: [Company
Identification No.] |
U74899DL1981PTC011631 |
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IEC No.: |
0588064084 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELL02297B |
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PAN No.: [Permanent
Account No.] |
AAACL0516H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporter of Surgical / Medical Disposables. |
RATING &
COMMENTS
|
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 100000 |
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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 : |
Company is established concern having satisfactory track. Directors are reported as qualified, experienced and respectable businessmen. Trade relations are reported as fair. Business is active. |
INFORMATION PARTED
BY
|
Name : |
Mr. Sirin Thomos |
|
Designation : |
Secetary |
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Date : |
08.05.2008 |
LOCATIONS
|
Registered Office : |
A.D. House, J-161/1, Gautam Nagar, New Delhi-110049 |
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Tel. No.: |
91-11-41640924 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Head Office : |
F-63, Okhala Industrial Area, Phase – I, New Delhi, India |
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Tel. No.: |
91-11-41640924/ 25/ 26 |
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Fax No.: |
91-22-40523027/ 26810652 |
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E-Mail : |
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Area : |
Owned |
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Factory : |
A-49/48, Sector-8, Noida-201301, Gautam Buddha Nagar, Uttar Pradesh,
India |
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Area : |
Owned |
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Branches : |
4B, Continental Plaza, 705, Anna Salai, Chennai-600006, India |
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Tel. No.: |
91-44-28522380/ 28414868 |
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E-Mail : |
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Branches : |
Sundaram Building, I-D, 1st Floor, 46F, Rafi Ahmed Kidwai
Road, Kolkata-700016, India |
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Tel. No.: |
91-33-22299932 |
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E-Mail : |
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Branches : |
III / 506, Navjivan Society, Lamingation Road, Mumbai-400008, India |
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Tel. No.: |
91-22-23096796/ 23077674 |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Suresh Kumar Aggarwal |
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Designation : |
Director |
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Address : |
W-39, Greater Kailash Part-II, New Delhi- 110048, India |
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Date of Birth/Age : |
11.01.1944 |
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Date of Appointment : |
23.04.1981 |
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Name : |
Mr. Sanjay Aggarwal |
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Designation : |
Director |
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Address : |
W-39, Greater Kailash Part-II, New Delhi- 110048, India |
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Date of Birth/Age : |
01.08.1972 |
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Date of Appointment : |
01.04.2004 |
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Name : |
ITI Aggarwal |
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Designation : |
Director |
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Address : |
W-39, Greater Kailash Part-II, New Delhi- 110048, India |
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Date of Birth/Age : |
09.04.1978 |
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Date of Appointment : |
01.04.2004 |
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Name : |
Ms. Beena Aggarwal |
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Designation : |
Director |
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Address : |
W-39, Greater Kailash Part-II, New Delhi- 110048, India |
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Date of Birth/Age : |
06.08.1946 |
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Date of Appointment : |
01.08.2002 |
KEY EXECUTIVES
|
Name : |
Mr. Sirin Thomos |
|
Designation : |
Secetary |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Aggarwal |
|
6060 |
|
Suresh Kumar Aggarwal |
|
31320 |
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Beena Aggarwal |
|
12120 |
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Total |
|
49500 |
Equity Share Breakup (Percentage of Total Equity)
As on 28.09.2007
|
Category |
|
Percentage |
|
Directors or Relatives of Directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of Surgical / Medical Disposables. |
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Products : |
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Brand Names : |
Lifeline |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Raw Material |
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Products : |
Germany |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
300 (Office 30, Factory 270) |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/.S Yogesh Mangal and Associates Chartered Accountants |
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Address : |
S-4, Shreejee Complex, Sharma Market, Harola, Sector-5, Noida-201301 |
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Tel. No.: |
91-120-4421019/ 4262235 |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 28.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
||
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
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|
|
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|
1] Share Capital |
7.920 |
4.950 |
4.950 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
17.782 |
15.830 |
12.313 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
25.702 |
20.780 |
17.263 |
|
|
LOAN FUNDS |
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1] Secured Loans |
120.088 |
46.769 |
21.858 |
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2] Unsecured Loans |
15.888 |
8.221 |
11.843 |
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TOTAL BORROWING |
135.976 |
54.990 |
33.701 |
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DEFERRED TAX LIABILITIES |
1.408 |
0.046 |
0.000 |
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TOTAL |
163.086 |
75.816 |
50.964 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
66.637 |
25.333 |
13.866 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
52.624 |
30.335 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.595 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
25.049 |
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Sundry Debtors |
63.782
|
30.799 |
20.522 |
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Cash & Bank Balances |
5.019
|
2.680 |
2.557 |
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Other Current Assets |
8.022
|
5.964 |
2.314 |
|
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Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
76.823
|
39.443 |
50.442 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
|
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Current Liabilities |
30.651
|
16.503 |
8.195 |
|
|
Provisions |
2.360
|
2.812 |
5.769 |
|
Total
Current Liabilities |
33.011
|
19.315 |
13.964 |
|
|
Net Current Assets |
43.812
|
20.128 |
36.478 |
|
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MISCELLANEOUS EXPENSES |
0.013 |
0.020 |
0.025 |
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TOTAL |
163.086 |
75.816 |
50.964 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
188.334 |
96.848 |
76.577 |
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Other Income |
0.406 |
0.123 |
0.225 |
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Total Income |
188.740 |
96.971 |
76.802 |
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Profit/(Loss) Before Tax |
8.378 |
5.030 |
5.257 |
|
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Provision for Taxation |
3.456 |
1.512 |
0.782 |
|
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Profit/(Loss) After Tax |
4.922 |
3.518 |
4.475 |
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Expenditures : |
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Financial Charges |
10.002 |
4.652 |
2.240 |
|
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Increase/(Decrease) in Finished Goods |
[22.289] |
[5.286] |
[7.471] |
|
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Depreciation & Amortization |
5.484 |
2.951 |
1.327 |
|
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Other Expenditure |
187.165 |
89.624 |
75.449 |
|
Total Expenditure |
180.362 |
91.941 |
71.545 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
2.61
|
3.63 |
5.83 |
|
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Net Profit Margin (PBT/Sales) |
(%) |
4.45
|
5.19 |
6.87 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.84
|
7.77 |
8.17 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.24 |
0.30 |
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Debt Equity Ratio (Total Liability/Networth) |
|
6.57
|
3.58 |
2.59 |
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Current Ratio (Current Asset/Current Liability) |
|
2.33
|
2.04 |
3.61 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
|
Parameters |
Details |
|
Existence Verification |
|
|
Name |
LIFELINE SYSTEMS PRIVATE LIMITED |
|
Address |
F-63, Okhala Industrial Area, Phase-I, New Delhi |
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2nd address |
A.D.House, I-161-/1, Gautam Nagar, New Delhi |
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Phone/ Mobile Numbers |
91-11-41640924/ 41640925 / 41640926 |
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Fax Numbers |
91-11-40523027/ 26810652 |
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Statutory Approvals |
|
|
Legal Status of Firm |
Private Limited Liability Company |
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Income Tax Registration |
AAACL0516H |
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Central Sales Tax Registration |
07470079317 |
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VAT/ TIN Registration |
DELL02297B |
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Import Export Code |
0588064084 |
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Name of Bank |
Canara Bank |
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Current Account Number |
CA 5019 |
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Account Since |
1981 |
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Credibility Factors |
|
|
IndiaMART Client Since |
+ 3 Years |
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Years of Establishment |
23.04.1981 |
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Turn Over |
Rs. 188.740 Millions |
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Turn Over Year |
2007 |
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Trade Affiliations |
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SSI Registration |
205602724PMISIN012 |
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Chambers of Commerce Membership |
PHD Members |
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D&B D-U-N-S Number |
-- |
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Govt. Recognised Export House Status |
-- |
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Other Affiliations |
-- |
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Standards & Certifications |
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|
Quality Management Systems |
ISO9000113485 |
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Environment Management Systems |
OSAS 18001 |
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Safety Certificates |
NO |
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Product Certificate |
WHOMBP |
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Other Certificates |
NO |
Trade References:
- Qosiana, USA
- Action
Technology
- MPEI, USA
Bankers Charges
Report as per Registry
|
Name of the company |
LIFELINE SYSTEMS PRIVATE
LIMITED |
|
Presented By |
Sanjay Aggarwal
Director |
|
1) Date and description of instrument creating the change |
Mortgage by
deposit of Title Deeds Dated 19.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 33.600
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable
Mortgage of all pieces and parcel of land and Building situated at Plot No.
A-15, Sector-8, Noida, (Uttar Pradesh) existing and or to be constructed
thereon and show under schedule A together with easementry and appurtenants
thereon including all structure and machinery items standing / installed
thereon and to be put up in future. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
This is to secure
various limits sanctioned by the Bank the Company like OCC- Rs. 20.000
Millions FLC/ILC-Rs. 3.500 Millions ODB- Rs. 5.000 Millions Term Loan Rs. 9.600
Millions Canara Bank Green
Park Extension 9, Community Centre, Gulmohar Enclave, New Delhi-110019 |
|
5) Name and Address and description of the person entitled to the charge. |
N.A. |
|
6) Date and brief description of instrument modifying the charge |
N.A. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified
|
80002645 |
|
Corporate
identity number of the company |
U74899DL1981PTC011631 |
|
Name of the
company |
LIFE LINE SYSTEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
J/161/1 Gautam
Nagar, New Delhi-110049, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Canara Bank,
Green Park Extension Branch, 9-Community Centre, Gulmohar Enclave, New
Delhi-110049 |
|
Nature of
description of the instrument creating or modifying the charge |
Letter Evidencing
Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
29.08.2007 |
|
Amount secured by
the charge |
Rs. 142.900
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
specified by the bank from time to time. Terms of
Repayment As per Agreement Margin As per Agreement Extent and
Operation of the charge Upto Rs. 142.900
Millions to secure various credit facilities |
|
Short particulars
of the property charged |
Equitable
mortgage of all property situated at plot no. A-49, Sector-8, Noida
admeasuring 800sq meters together with and all building / structure
constructed thereon and all machinery items standing/installed thereon and to
be put up in future. |
|
Date of latest
modification prior to the present modification |
19.12.2006 |
|
Particulars of
the present modification |
Extent of operation
of charge over mortgaged property (Situated at Plot No. A-49, Sector-8,
Noida) stands enhanced up to Rs. 142.900 Millions to secure various credit
facilities such as OCC/ODBD Limit of Rs. 95.000 Millions CDB/LCDB Limit of
Rs. 1.000 Millions FLC Limit of Rs. 12.500 Millions and term Loan of Rs.
34.400 Millions |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.59 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.99 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
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
|
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 |
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