%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
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Name : |
LEMMENS SHARDLOW (INDIA) PRIVATE LIMITED (w.e.f 31.01.1994) |
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Formerly Known As : |
LEMMENS HESSELBERGER ( |
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Registered Office : |
404, 8th Main, 12th Cross, Sadashivanagar, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
02.11.1993 |
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Com. Reg. No.: |
08-014873 |
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Paid-up Capital : |
Rs. 0.200 Million |
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CIN No.: [Company
Identification No.] |
U29222KA1993PTC014873 |
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IEC No.: |
0797013318 |
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PAN No.: [Permanent
Account No.] |
AAACL3253B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Suppliers of Enzymes, Vitamins, Yiest, Biosol |
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No. of Employees : |
20 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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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 120000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established Company having satisfactory track. Trade relations are fair. Payments are correct and as per commitments.
The Company is doing well. It can be considered good for normal business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
No. 404, 12th Cross, 8th Main Sadashivanagar, |
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Tel. No.: |
91-80-23610799/080/23611255 |
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Fax No.: |
91-80-23610009 |
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E-Mail : |
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Website : |
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Factory : |
14, 2nd Main, Raghvendra Colony, |
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Tel. No.: |
91-80-61774257 |
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Location : |
Rented |
DIRECTORS
AS ON 24.09.2010
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Name : |
Mr. Jayesh Jayanthilal Lakhani |
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Designation : |
Whole Time Director |
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Address : |
No. 404, 12th Cross, 8th Main Sadashivanagar, |
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Date of Birth/Age : |
25.02.1960 |
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Qualification : |
B. Com |
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Date of Appointment : |
01.12.1997 |
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DIN No.: |
00702014 |
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Name : |
Mrs. Bela Lakhani |
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Designation : |
Whole Time Director |
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Address : |
No. 404, 12th Cross, 8th Main Sadashivanagar, |
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Date of Birth/Age : |
26.09.1964 |
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Qualification : |
B. Com |
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Date of Appointment : |
05.04.1999 |
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DIN No.: |
00748548 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2010
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Names of Shareholders |
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No. of Shares |
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Jayesh Lakhani |
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1001 |
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Bela Lakhani |
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1001 |
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Total |
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2002 |
AS ON 24.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Suppliers of Enzymes, Vitamins, Yiest, Biosol |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2010)
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Particulars |
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Actual
Production |
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Enzymes |
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1880 |
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Biosol |
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20274.60 |
GENERAL INFORMATION
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No. of Employees : |
20 (approximately) |
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Bankers : |
·
Canara Bank, ·
ICICI Bank ·
HDFC Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shaibya Bhoopalam Chartered Accountant |
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Address : |
No.157/4, Chidananda Ashram, |
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Pan No.: |
AERPB5254J |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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2002 |
Equity Shares |
Rs.100/- each |
Rs.0.200 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.200 |
0.200 |
0.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
30.419 |
24.320 |
18.826 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
30.619 |
24.520 |
19.026 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
30.619 |
24.520 |
19.026 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.573 |
0.670 |
0.737 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.002 |
0.017 |
0.025 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
19.329
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8.331
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9.239
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Sundry Debtors |
14.496
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26.118
|
8.353
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Cash & Bank Balances |
20.092
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14.931
|
11.228
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Other Current Assets |
0.000
|
0.000
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0.000
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Loans & Advances |
10.329
|
7.070
|
4.073
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Total
Current Assets |
64.246 |
56.450 |
32.893 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
24.578
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25.793
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12.692
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Other Current Liabilities |
0.000
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0.000
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0.000
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Provisions |
9.624
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6.824
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1.937
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Total
Current Liabilities |
34.202 |
32.617 |
14.629 |
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Net Current Assets |
30.044 |
23.833 |
18.264 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
30.619 |
24.520 |
19.026 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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54.192 |
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Other Income |
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0.867 |
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TOTAL (A) |
82.343 |
106.717 |
55.059 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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Financial Expenses |
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Deprecation |
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TOTAL |
73.428
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97.051
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46.938
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PROFIT BEFORE
TAX |
8.915 |
9.666 |
5.580 |
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Less |
TAX |
2.816 |
3.118 |
0.264 |
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PROFIT AFTER TAX
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6.099 |
6.548 |
5.316 |
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IMPORTS |
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Raw Materials |
36.787 |
8.441 |
15.304 |
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TOTAL IMPORTS |
36.787 |
8.441 |
15.304 |
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Earnings Per
Share (Rs.) |
3.05 |
3.27 |
3.36 |
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%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20148755%2026-Jul-2011_files/image007.gif){kind=small}
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
7.41 |
6.13 |
9.66 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
10.30 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
13.75 |
16.92 |
16.59 |
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Return on Investment (ROI) (PBT/Networth) |
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0.29 |
0.39 |
0.29 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.12 |
1.33 |
0.77 |
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Current Ratio (Current Asset/Current Liability) |
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1.88 |
1.73 |
2.25 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
· Computers
· Furniture and Fixture
· Office Equipment
· Communication Equipment
· Plant and Machinery
· Trade marks
· Vehicles
WEBSITE DETAILS
PROFILE
Subject established in the year 1994 has served clients spanning industries and households. The motto has ever since remained to introduce the most novel ideas into the market and hence cater to client needs. In this pursuit, they have deeply invested the time in identifying products, which are environment and hence human friendly and also long lasting. One such advancement took shape during the partnership with Novozymes. They marketed their cleaning solutions through the brand Biosol.
Today they cater to customers across industries in order to provide for their cleaning requirements. The customers come from a range of business arenas including international janitorial suppliers, line cleaning, prominent restaurants, popular food chains vendors, large consumer firms and carpet cleaners etc.
Similarly, they ventured into the currently growing industry of poultry and cattle feed. The product offering is a range of innovations approved and acclaimed by international organizations.
Browse through there product categories for a more detailed understanding.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
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|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.63.87 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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 |
|
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.