MIRA
INFORM REPORT
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Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
LASHKARIA CONSTRUCTION PRIVATE LIMITED |
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Registered Office : |
9/C//2, Eltee Apartment, Saibababa Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
15.09.2000 |
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Com. Reg. No.: |
11-128723 |
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CIN No.: [Company
Identification No.] |
U70100MH2000PTC128723 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUML03533F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Builders and Developers |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Ms. Vilasmi and Mr. Prakash declined business and financial details. The company is poor in Corporate Governance. No payment are known. The company has carried out some good projects but difficult to
comment on its performance and financial status in absence of financials
since incorporation of the company. Hence, under the circumstances business can be recommended on safe and
secured trade terms and conditions especially in a current scenario. |
LOCATIONS
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Registered Office : |
9/C//2, Eltee Apartment, Saibababa Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra, India |
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Website : |
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Corporate Office : |
102, Diamond Apartments, Near Air India Building, New Link Road,
Jogeshwari (West), Mumbai – 400 102, Maharashtra, India |
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Tel. No.: |
91-22-26367867/ 26367624/ 26367785/ 26367479 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Mohammed Aslam Lashkaria |
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Designation : |
Director |
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Address : |
12/ 63, Sangam Building, Adarsh Nagar, Near link Road, Andheri (West),
Mumbai – 400 058, Maharashtra, India |
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Date of Birth/Age : |
10.06.1962 |
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Date of Appointment : |
15.09.2000 |
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Name : |
Mr. Mohammed Hasham Lashkaria |
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Designation : |
Director |
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Address : |
9/C//2, Eltee Apartment, Saibababa Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra, India |
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Date of Birth/Age : |
26.06.1966 |
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Date of Appointment : |
15.09.2000 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2004
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Names of Shareholders |
No. of Shares |
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Mohammed Aslam Lashkaria |
9920 |
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Mohammed Hasham Lashkaria |
5000 |
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Azam Yasin Lashkaria |
10 |
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Arif Yasin Lashkaria |
10 |
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Zahida Parween A. Lashkaria |
10 |
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Raees Yasin Belim |
10 |
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Salim Yasin Belim |
10 |
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Rashid Yasin Belim |
10 |
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Arshad Shafi Sayyad |
10 |
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Arshad A. Lashkaria |
10 |
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Total |
15000 |
BUSINESS DETAILS
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Line of Business : |
Builders and Developers |
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GENERAL
INFORMATION
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Customers : |
Dinshaw Trapinex Builders
(Private) Limited (Dheeraj Group) |
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Bankers : |
Not Available |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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95000 |
Equity Shares |
Rs.10/- each |
Rs.0.950 million |
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5000 |
Preference Shares |
Rs.10/- each |
Rs.0.050 million |
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Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs.10/- each |
Rs.0.150
million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since incorporation of the company.
Management also remained non-cooperative during current investigation.
LOCAL AGENCY
FURTHER INFORMATION
Other Information:
BUSINESS:
To acquire, buy, develop, maintain, sell, hire or let on hire, lease or otherwise deal in land, estates, properties, apartments, dwelling houses, markets and other constructions and to act as construction contractors, building contractors and builders, developers and subcontractors.
WEBSITE DETAILS:
HISTORY:
1983 was an important year for the Lashkaria Brothers. Under the able leadership of Mr. Aslam Yasin Lashkaria and Mr. Hashem Yasin Lashkaria, "Lashkaria Construction" was born. Initially the company started with one Residential complex project, has now grown into a company with a dedicated, experienced and expert team of people achieving remarkable feats in the field of construction.
The subject is professionally engaged in business activities both at Mumbai and
Pune. Having its birth at Mumbai two decades ago as a construction agency, the
company has been growing steadily and professionally under the leadership of
Lashkaria brothers. Today Lashkaria Group from its main office at Jogeshwari
steers their business activities in Property Development and Construction.
Over the past few years, Lashkaria construction has been focusing increasingly
on quicker completion of projects in order to reduce cost and time lag. This
has helped the company to bag some of the esteem projects from reputed
builders. The construction industry has a strong direct and indirect effect on
the growth of the economy.
The Commitment
The greatest reassurance you could have about the Residential, Commercial and
Industrial project comes from the name "Lashkaria", which stands for
nearly 2 decades of promise kept.
Lashkaria on their own as well as for their clients in the industry have been
developing property for nearly 2 decades and have developed a fine tradition of
delivering quality Residential, Commercial and Industrial projects. The
following projects stand testimony to the high standards Lashkaria are used to
be delivering.
PROJECTS:
GREEN TOWERS
216,Glbert Hill Lane, Behind
Recreation Club, Near Bhavans College, Andheri
(W), Mumbai - 400 058
GREEN COURT
C D Barfiwala Road, Juhu
Lane, Off Juhu Scheme, Andheri (W), Mumbai - 400 058
GREEN HEIGHT
CTS No. 1/41 Opposite Dhiraj
Heights and Ichibaan Honda, Near
Link Road, Lokhandwala, Andheri(W).
GREEN DIAMOND
CTS No 26 (p t), 34
(pt), 38 (pt), Village Oshiwara, Taluka Andheri, New Link Road, Near Adarsh
Nagar, Jogeshwari (w), Mumbai - 400 102
GAURAV- SITARE
Name of Client: Yash
Development (Ravi Group)
Area of Building:
85,000 Sq. ft.
Storeys: G + 8,
Location: Borivali
(West).
Joint Venture with
Ravi Group
PROJECTS ON CONTRACT:
Name of Building: Arma Centre
Name of Client: Housing Development and Imp. (I) (P) Limited (Dheeraj Group)
Area of Building: 287,000 Sq. ft.
Storeys: 2b + G + 8
Location: Bandra Court, Bandra (East).
Name of Building: Dheeraj Gaurav Heights I.
Name of Client: Dinshaw Trapinex Builders.
Area of Building: 110,000 Sq. ft.
Storeys: Stilt + 24
Location: Lokhandwala Complex, Andheri (West).
Name of Building: Dheeraj Gaurav Heights III
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Name of Client: Dinshaw Trapinex Builders Private Limited (Dheeraj Group)
Area of Building: 45,000 Sq. ft.
Storeys: 2P + G + 10
Location: Lokhandwala Complex, Andheri (West).
Name of Building: A.G. Towers
Name of Client: A. G. Developers
Area of Building: 60,000 Sq. ft.
Storeys: G + 18
Location: Hill Road, Bandra (West).
Name of Building: Dheeraj Jamuna
Name of Client: Emerald Realtors (Private) Limited (Dheeraj Group)
Area of Building: 193,997 Sq. ft.
Storeys: Stilt + 14.
Location: Chilcholi, Malad (West).
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.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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TOTAL |
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5 |
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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