%20LIMITED%20-%20135826%2017-Mar-2011_files/image002.jpg){kind=small}
- Summary Information
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|
|
Country |
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Company Name |
Lion Picture And
Frames ( |
Principal Name 1 |
Mr. |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Manish Gouri Saria |
|
|
|
Registration # |
10.08.1998 |
|
Street Address |
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||
|
Established Date |
10.08.1998 |
SIC Code |
- |
|
Telephone# |
91-33-22716301 /
22695550 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-33-22180586 |
Business Style 2 |
DEALER |
|
Homepage |
Product Name 1 |
MOULDINGS |
|
|
# Of Employees |
32 Approximately |
Product Name 2 |
|
|
Paid Up Capital |
Rs.6,973,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or
Relatives of Director - 62.87% |
Banking |
HDFC BANK LIMITED |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
Ipo |
- |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Associates/Subsidiaries |
- |
Vic Faulkner And Associates, |
- |
|
Note |
- |
||
- Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
25,646,000
|
Current Liabilities |
21,172,000
|
|
Inventories |
22,732,000 |
Long-term Liabilities |
12,428,000 |
|
Fixed Assets |
2,571,000 |
Other Liabilities |
--- |
|
Deferred Assets |
0 |
Total Liabilities |
33,600,000 |
|
Invest& other
Assets |
1,047,000 |
Retained Earnings |
11,423,000 |
|
|
|
Net Worth |
18,396,000 |
|
Total Assets |
51,996,000 |
Total Liab. &
Equity |
51,996,000 |
|
Total Assets (Previous Year) |
38,445,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
64,780,000 |
Net Profit |
740,000 |
|
Sales(Previous yr) |
51,480,000 |
Net Profit(Prev.yr) |
595,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
LION PICTURE AND
FRAMES ( |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
10.08.1998 |
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|
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Com. Reg. No.: |
21-87700 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909WB1998PLC087700 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALL00953B |
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|
|
|
Legal Form : |
Closely Held
Public Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Frames, Trading of Moulding, Machines for Making Frames,
Laminating and Prints. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 73500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track. Trade relations are fair.
Business is active. Payments are reported usually correct and as per
commitment. The company can
be considered for normal business dealings 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-33-22716301 /
22695550 |
|
Fax No.: |
91-33-22180586 |
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E-Mail : |
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Website : |
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Area : |
800 Sq. ft |
|
Location : |
Rented |
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Head Office : |
200, |
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Tel. No.: |
91-33-25218162 / 25218236 |
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Fax No.: |
91-33-25217551 |
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E-Mail : |
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E-Mail : |
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Area : |
2250 Sq. ft. |
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Location : |
Rented |
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Branch Office 1 : |
187-A, Sai Sadan, Sant Nagar, East of Kailash, New Delhi-110065, |
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Tel. No.: |
91-011-26213128 / 26430237/ 32924208 |
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Fax No.: |
91-011-26430238 |
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E-Mail : |
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Branch Office 2 : |
Shed No. 14 and 17, Ashok Nut Bolts Industries Compound, Behind Krishna
Complex, 6 Udyog Nagar, |
|
Tel. No.: |
91-022-56025157 / 28792816 / 32929901 |
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Fax No.: |
91-022-28773524 |
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E-Mail : |
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Other Offices : |
Offices of the Company CHENNAI OFFICE 70, 1st Floor, 1st Tel. No./Telefax : 91-24359223,24347061 Mobile No. : 91-93801 09960 Laxmi Photo Frame No. 62, New Timber Yard Layout Beside Namaste Export/ Deepak Glass and Plywood, Mobile No : 91-93425
84987 / 30939074 Tel. No..: 91-80-26757005 E-mail : laxskd@yahoo.co.in LION INDIA GALLERY-KOLKATA 4, Tel. No.: 91-33-22835758 LION INDIA GALLERY-HYDERABAD 6-3-349/39, Tel. No : 91-40-5525 9437 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
11.01.1950 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
10.08.1998 |
|
Din No.: |
00737520 |
|
|
|
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Name : |
Mr. Manish
Gourisaria |
|
Designation : |
Director |
|
Address : |
Ragunathpur (East), |
|
Date of Birth/Age : |
23.11.1972 |
|
Date of Appointment : |
10.08.1998 |
|
Din No.: |
00746020 |
|
|
|
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Name : |
Mr. Rajendra
Prahladka |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
02.04.1958 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
22.05.2001 |
|
Din No.: |
01327738 |
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|
|
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Name : |
Mr. Krishnakant
Ruia |
|
Designation : |
Director |
|
Address : |
B-301, Ruia
Apartments, Bhadarmal Ruia Marg, Malad (East), Mumbai-400097, |
|
Date of Birth/Age : |
19.02.1947 |
|
Date of Appointment : |
25.06.2009 |
|
Din No.: |
02674784 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Prahladka Prakash |
|
85700 |
|
Prahladka Rajendra |
|
182000 |
|
Gourisaria Kumar Manish |
|
100 |
|
Prahladka Prakash Chandra |
|
45000 |
|
Hitaishi Kreativ Kraft Udyog Limited |
|
259000 |
|
Prahladka Alka |
|
60000 |
|
Prahladka Urmila |
|
50100 |
|
Prahladka Devi Manju |
|
100 |
|
Jhunjhunwala Kumar Pradeep |
|
100 |
|
Jhunjhunwala Kanak |
|
100 |
|
Prahladka Devi Shanti |
|
100 |
|
Sureka Kumar Debendra |
|
15000 |
|
Jaagriti Vanijya Private
Limited, Kolkata |
|
9500 |
|
Savera Suppliers Private Limited |
|
21000 |
|
Square Broking & Agency Private Limited |
|
36000 |
|
Sweety Vanijya Viniyog Private Limited |
|
3000 |
|
Tarang Vinicom Private
Limited, Kolkata |
|
10500 |
|
Umang Vinicom Private
Limited, Kolkata |
|
5000 |
|
Murli Impex Private Limited, Kolkata |
|
5000 |
|
Pushpak Suppliers Private Limited, Kolkata |
|
5000 |
As on 30.09.2010
|
Category
of Shareholders |
|
Percentage of Holding |
|
|
|
|
|
Bodies corporate |
|
37.14 |
|
Directors or
relatives of director |
|
62.86 |
|
|
|
|
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Frames, Trading of Moulding, Machines for Making
Frames, Laminating and Prints. |
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Products : |
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Imports : |
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Countries : |
¨
¨
¨
¨
¨
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Terms : |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
Cash, L/C or Credit terms. |
GENERAL INFORMATION
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Suppliers : |
Some of its major suppliers are as under: -
l Chemould l |
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Customers : |
l Wholesalers l Retailers l End Users l OEM’s
Some of its customers are as under: -
l S. A. Enterprises l Taneja Mines l Varuna Art Framer, etc. |
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No. of Employees : |
32
(Approximately) |
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Bankers : |
BA-3,
064, West
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Facilities : |
Secured Loans :
Unsecured Loans :
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Banking
Relations : |
Fair |
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Financial
Institutions : |
¨
GE
Money Financial Services Limited ¨
Cholamandalam
DBS |
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Auditors : |
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Name : |
R Lihala and
Company Chartered
Accountants |
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Address : |
11, Crooked Lane,
Kolkata – 700069, West |
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Tel. No.: |
91-033-22435095 / 22487109 |
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Email : |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
697300 |
Equity Shares |
Rs.10/- each |
Rs.6.973 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
6.973 |
6.973 |
6.973 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
11.423 |
10.682 |
10.087 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
18.396 |
17.655 |
17.060 |
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LOAN FUNDS |
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1] Secured Loans |
9.114 |
10.057 |
9.051 |
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2] Unsecured Loans |
3.314 |
5.181 |
6.488 |
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TOTAL BORROWING |
12.428 |
15.238 |
15.539 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.106 |
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TOTAL |
30.824 |
32.893 |
32.705 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.571 |
2.708 |
2.488 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.047 |
1.047 |
1.641 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
22.732
|
17.538
|
16.874
|
|
|
Sundry Debtors |
13.378
|
17.610
|
11.769
|
|
|
Cash & Bank Balances |
3.216
|
1.556
|
2.489
|
|
|
Other Current Assets |
0.596
|
0.000
|
0.000
|
|
|
Loans & Advances |
8.456
|
6.476
|
3.184
|
|
Total
Current Assets |
48.378
|
43.180
|
43.180
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.372
|
12.000
|
0.000
|
|
|
Current Liabilities |
1.788
|
0.926
|
4.972
|
|
|
Provisions |
1.012
|
1.116
|
0.768
|
|
Total
Current Liabilities |
21.172
|
14.042
|
5.740
|
|
|
Net Current Assets |
27.206
|
29.138
|
28.576
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.824 |
32.893 |
32.705 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
64.780 |
51.480 |
41.495 |
|
|
|
Other Income |
0.874 |
0.847 |
0.574 |
|
|
|
TOTAL (A) |
65.654 |
52.327 |
42.069 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
46.745 |
34.834 |
31.106 |
|
|
|
Trading and
Manufacturing Expenses |
4.891 |
3.323 |
3.177 |
|
|
|
Administrative Expenses |
16.087 |
11.233 |
9.569 |
|
|
|
Increase/(Decrease) in Finished Goods |
(5.491) |
(0.641) |
(4.881) |
|
|
|
TOTAL (B) |
62.232 |
48.749 |
38.971 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.422 |
3.578 |
3.098 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.733 |
2.064 |
1.754 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.689 |
1.514 |
1.344 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.629 |
0.677 |
0.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.060 |
0.837 |
0.733 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.320 |
0.242 |
0.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.740 |
0.595 |
0.327 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.131 |
1.536 |
1.209 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.872 |
2.131 |
1.536 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
7.688 |
6.671 |
NA |
|
|
TOTAL IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.06 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.12
|
1.14
|
0.78
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.61
|
1.60
|
1.77
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
1.82
|
1.91
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.05
|
0.04
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
1.66
|
1.25
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.28
|
3.08
|
5.98
|
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS :
The Company has turnover of Rs 65.655 Millions (Last year 52.326
Millions). The Director are hopeful of achieving higher sales in the next year.
|
Corporate
identity number of the company |
U51909WB1998PLC087700 |
|
Name of the
company |
LION PICTURE
& FRAMES ( |
|
Address of the
registered office or of the principal place of business in |
1 B K PAUL
AVENUEP S JORA BAGAN KOLKATA 700005 |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Indian Overseas Bank,
Salt Lake City Branch, Salt Lake City Branch, Kolkata – 700064, West Bengal,
India |
|
Nature of
instrument creating charge |
F 107A (Letter of
Hypothecation for Book Debts). F 110A (Letter of
Hypothecation). F 110E (Letter of
Hypothecation for securing Machineries/ Vehicles/ Goods/ Book Debts). |
|
Date of
instrument Creating the charge |
29.09.2010 |
|
Amount secured by
the charge |
17.500 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest:
Cash Credit : Base Rate + 2.75% i.e. 11% p.a. presently, at monthly rests. Terms of
Repayment: Cash Credit : On demand. Margin: Cash Credit
: 25% on Stock and 40% on Book Debts. Extent and
Operation of the charge: The Charge extends on the entire Current & Fixed
Assets of the company and operates till the limits mentioned herein are
satisfied in full. |
|
Short particulars
of the property charged |
1) First
Hypothecation Charge on entire Current Assets, including Stocks and Book
Debts of the company, both present and future. 2) First
Hypothecation Charge on entire Movable Fixed Assets of the company, both
present and future. |
|
Particulars of
the present modification |
By this
modification the overall limit stands modified and enhanced from Rs. 10.000
Millions to Rs. 175.00 lacs with details as hereinbelow :- Cash Credit : Rs.
17.500 Millions (enhanced from Rs. 10.000 Millions). Overall Limit :
Rs. 17.500 Millions (enhanced from Rs. 10.000 Millions). |
FIXED ASSETS :
- Furniture and Fixtures
- Computers
- Electric Installation
- Office Equipments
- Plant and Machinery
- Air Conditioner
- Motor Car/Cycle
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.45.18 |
|
|
1 |
Rs.72.58 |
|
Euro |
1 |
Rs.63.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
47 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.