MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
LALL KING GENERATORS PRIVATE LIMITED |
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Registered Office : |
15 Mangala Kapartment Kalkaji, G-Block, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.09.1996 |
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Com. Reg. No.: |
55-81852 |
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CIN No.: [Company
Identification No.] |
U31101DL1996PTC081852 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JLDL00161A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporter of Alternator, Generator, Electric Motors,
Bench Grinders, Bench Polishers and Diesel Engines etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 23000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Financial position of the company is moderate. Payments are reported
as slow. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
15 Mangala Kapartment Kalkaji, G-Block, |
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E-Mail : |
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Corporate Office : |
Industrial Area C, Nirmal Cinema Complex, |
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Tel. No.: |
91-161-2534321/ 2542644 |
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Fax No.: |
91-161-2530023 |
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Mobile No : |
91-9815100428 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Harpal Singh |
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Designation : |
Director |
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Address : |
B-29/2514, Amarpuri, AD Joining Nirmal Palace, Daba Road, G.T. Road,
Ludhiana – 141 010, Punjab, India |
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Date of Birth/Age : |
09.09.1954 |
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Date of Appointment : |
11.09.1996 |
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Name : |
Mr. Pritpal Singh |
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Designation : |
Director |
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Address : |
B-29/2514, Amarpuri, AD Joining Nirmal Palace, Daba Road, G.T. Road,
Ludhiana – 141 010, Punjab, India |
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Date of Birth/Age : |
14.04.1956 |
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Date of Appointment : |
11.09.1996 |
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Name : |
Mr. Narinder Singh |
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Designation : |
Director |
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Address : |
Niimal Cinema Complex, |
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Date of Birth/Age : |
06.06.1952 |
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Date of Appointment : |
11.09.1996 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As On 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Mr. Nirmal Singh |
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10000 |
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Mr. Narinder Singh |
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100 |
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Mr. Harpal Singh |
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7600 |
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Mr. Pritpal Singh |
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60100 |
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Mr. Pavittar Kaur |
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105000 |
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Mr. Amarjit Kaur |
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120000 |
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Mr. Rajinder Kaur |
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140000 |
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Total |
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442800 |
Equity share breakup (percentage of total equity)
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Category |
Percentage |
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Directors or relatives of directors |
100 |
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Total |
100 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporter of Alternator, Generator, Electric Motors,
Bench Grinders, Bench Polishers and Diesel Engines etc. |
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Products : |
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GENERAL
INFORMATION
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta Sharma and Associates Chartered Accountant |
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Address : |
Opp Old DMC, Civil Lines, |
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Group Companies : |
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CAPITAL STRUCTURE
(As On 29.09.2006)
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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472800 |
Equity Shares |
Rs.10/- each |
Rs.4.728
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.728 |
4.728 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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4.728 |
4.728 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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5.345 |
4.166 |
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TOTAL BORROWING |
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5.345 |
4.166 |
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DEFERRED TAX LIABILITIES |
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0.637 |
0.716 |
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TOTAL |
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10.710 |
9.610 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.408 |
3.358 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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5.017 |
2.480 |
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Sundry Debtors |
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1.147 |
1.720 |
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Cash & Bank Balances |
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0.640 |
0.848 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.361 |
0.532 |
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Total
Current Assets |
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7.165 |
5.580 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.974 |
0.547 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.974 |
0.547 |
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Net Current Assets |
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6.191 |
5.033 |
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MISCELLANEOUS EXPENSES |
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1.111 |
1.219 |
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TOTAL |
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10.710 |
9.610 |
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Other Expenditure |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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1.33 |
0.99 |
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Current Ratio (Current Asset/Current Liability) |
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7.35 |
10.20 |
LOCAL AGENCY
FURTHER INFORMATION
As Per Websites
Subject, head quartered in Luddhiana (Punjab),is crowned with ISO 9001:2000 quality marks from world leader in quality
evaluation for excellence in Alternator, Generator, Silent-generators, Welding
generators, Electric Motors, Grinders, Polishers, Diesel Engines, Surface
Grinders, Center less Grinders and Diesel Fuel Pump Test Benches. They are
known for constant appetite for innovation and inculcate technological changes
in small and large industries,
commercial buildings, IT sector, Petrol pump, Hotels, Hospitals, Cold Storage,
Defence, Banking, Hospitality, Construction, Infrastructure, FMCG, Educational
Institution, Textile/Agriculture and many more. Established in the year
1971,their company is one of the prominent organizations engaged in
manufacturing and exporting. Alternator, Generator, Silent-generators, Welding
generators, Electric Motors, Grinders, Polishers, Diesel Engines, Surface
Grienders, Centerless Grinders, Cenerless Grieders ands Fuel Pump Test Benches.
Under the guidance of their founder S.
Nirmal Singh Lall and currently Mr Mohinder Singh is looking care about, they
create a high-flying position in designing and engineering gamut of industrial
gen set Alternator, Generator, Silent-generators, Welding generators, Electric
Motors, Grinders, Polishers, Diesel Engines, Surface Grinders,Centerless
Grinders and Diesel Fuel Pump Test Benches, which are catered as important
components of various agricultural as well as industrial equipment. Stretched
over 50000 sq ft their well equipped manufacturing unit is proficient in
designing, quality systems and training facilities to fulfill their aim to
provide all their product with a technical excellence at reasonable prices.
Product Portfolio
Owing to their immense expertise in the industry they are one of the
leading manufacturers, exporters of Alternator, Generator, Electric Motors,
Bench Grinders, Bench Polishers, and Diesel Engines, Industrial Grinder
Centerless Grinder, Surface Grinder and Diesel Fuel Pump Test Benches.
Their exotic range of industrial machinery includes Air cooled Gen
Set, Welding Gen Set, Water cooled Gen Set, Alternator for agriculture
industry and domestic use, Alternator suitable for every tractor to run /
Agricultural tube well motors, Industrial and Agricultural
Diesel Engines, Electric Motors, Bench Grinder, Bench polisher,
Industrial Grinder, Centerless Grinder, Surface Griender and Diesel Fuel Pump
Test Benches.
Salient features of their industrial products sets include:
- High quality
electrical performance
- High quality
raw materials used
- Easier
installation
- Operational
flexibility
- Low life
cycle costs
- Provides
excellent service for operation and post installment maintenance Rugged
construction, durable and virtually maintenance free
- Modular
design for ease of assembly/disassembly in the event of major breakdown
repairs
Manufacturing Facilities
Their manufacturing unit is sophisticated in designing and is garnered
with latest machinery and testing equipments. Highly productive manufacturing
unit is spread over 50000 sq ft. They are planning to upgrade and expand their
manufacturing unit to provide satisfaction to their clients.
Quality Assurance
Quality of their length of industrial machineries is given paramount
importance. Empowered with latest technology, the manufacturing process and
machineries are consistent with the stringent quality checks during the
production.
There is proper communication and coordination purchase department and
marketing department to ensure correct and timely dispatch of their all
products demanded by their customers.
Research and Development
Designing, engineering and innovating manufacturing process are the
domain where their research and development department is engaged constantly.
Their R and D personnel have high expertise in the areas and go with the
going-on trend. They strive to update their selves to keep at par with the
trend of the industry.
Client
Satisfaction
Customer satisfaction is not only their slogan rather is a part of life
of their team. They are passionate to give utmost satisfaction to requirement
of their clients. Optimizing their resources to the best advantage they are
able to maintain comprehensive clients across the globe
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.48.68 |
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1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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TOTAL |
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25 |
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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