MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
LION GLOBAL STATIONERIES |
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Registered Office : |
Akshay Niwas, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1960 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer Exporter and Suppliers of Stationery Pins and Clips,
Garment Accessories and Galvanished Wires. |
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 6500 |
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Status : |
Mediocre |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in it’s field. It has plans to convert into
a Partnership or Private Limited Company. It’s trade relations are fair. Payments are reported as slow but
correct. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Manish Soni |
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Designation : |
Partner in Sister Concern company |
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Contact No.: |
91-9324543745 |
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Date : |
18.10.2008 |
LOCATIONS
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Registered Office : |
Akshay Niwas, |
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Tel. No.: |
91-22-32454092 |
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Mobile No.: |
91-9324543745 |
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Fax No.: |
91-22-25680125 |
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E-Mail : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
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Factory 1 : |
A 20, MIDC, Phase – II, Dombivali (West), Thane 421 201, |
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Area : |
4000 sq. fts. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Mukesh Karia |
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Designation : |
Proprietor |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Graduate |
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Experience : |
6 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer Exporter and Suppliers of Stationery Pins and Clips,
Garment Accessories and Galvanished Wires. |
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Products : |
Stationery Pins and Clips ·
Paper
Pins ·
Paper
Clips ·
PVC
Clips Garment Accessories ·
Brass
Shirt Pins ·
Cross
Pins ·
Moti
Pins ·
Silver
Headed Pins ·
Jumbo
Plastic Clips Galvanised Wires ·
Spiral
Binding Wires ·
Imitation
Jewellery Wires ·
Staple
Pin Wires ·
Gem Clips
Wires. |
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Exports : |
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Products : |
Stationery Pins and Clips ·
Paper
Pins ·
Paper
Clips ·
PVC
Clips Garment Accessories ·
Brass
Shirt Pins ·
Cross
Pins ·
Moti
Pins ·
Silver
Headed Pins ·
Jumbo
Plastic Clips Galvanised Wires ·
Spiral
Binding Wires ·
Imitation
Jewellery Wires ·
Staple
Pin Wires ·
Gem
Clips Wires. |
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Terms : |
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Selling : |
Cash and Credit (60 days) |
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Purchasing : |
Cash and Credit (60 days) |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
Enc Useres ·
Companies ·
Manufacturer |
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No. of Employees : |
25 (In Office 5 and In Factory 20) |
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Bankers : |
Ichalkaranji Bank, Mulund Branch |
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Facilities : |
The concern do not enjoy facility from it’s banks. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S N Bhatt and Company / B Chartered Accountants |
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Associates/Subsidiaries : |
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Anushka Enterprises ·
Hudda International, Mumbra |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.300 millions |
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Borrowed : |
-- |
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Total : |
Rs.1.300 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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9.300 |
Expected Sales (2008-09) : Depends on work
LOCAL AGENCY FURTHER INFORMATION
Note:
Anuskha Enterprise is now going to merge with Global Stationeries so is
not working at present. To turn in a Partnership Or Private Limited.
Trade References:
·
Kores
·
Pantaloons, Mumbai
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Today’s
As Per Website
Details:
About Them
Subject is a well known
enterprise engaged as a manufacturer, exporter and supplier of a versatile range of stationery
products, garment accessories and galvanised wires under the brand names of
Lion, Sonisharp and Magnum since 1960.
All their products are made from the highest quality raw materials under the
skilled guidance of their experienced team of professionals. They make constant
endeavor to achieve the best without compromising on the quality of their
finished products. They are pleased to announce that they have now ventured
into manufacturing of Spiral binding wires used for Spiral binding books, files
& diaries and Galvanised wires used in manufacturing of staples pins and
clips and in imitation jewelers, with M/s. Deep Industries, Tarapur as their
sole marketing agents and stockiest.
Infrastructure
They possess a well equipped
infrastructure operated by a team of skilled technicians and laborious workers.
They have a state-of-the-art production unit installed with all the necessary
modern, sophisticated tools and devices which have been designed to meet the
bulk orders with dedicated efficiency.
Quality
Quality is incorporated in their
production procedure starting basically from the selection of the raw
materials, which continues till the final delivery. The products are properly
monitored under stringent quality checks that ensure that each manufactured
item is up to the mark, giving complete satisfaction to their valuable
customers. All their products undergo stringent quality inspection in their
full fledged testing laboratory, well equipped with all the necessary
instruments and gadgets.
Their Team Members
They strongly believe that their
dedicated team of technicians and engineers prove to be their biggest potential
who utilize their intelligence and rich knowledge in every aspect related to
designing, manufacturing and quality control. Their marketing executives are
always ready to assist their customers in selecting the right products that
well match their specified requirements. The professional approach of their
team members has provided them a distinguished reputation among their esteemed
clients.
Clients
Their superior quality products
and updated services have won the trust and confidence of their clients in
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 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 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.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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37 |
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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