1. Summary Information
|
|
|
Country |
|
|
Company Name |
SEA LION SHIP
MANAGEMENT PRIVATE LIMITED |
Principal Name 1 |
Mr. Shivang Subhash Chandar Segal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjeev Dilbagh Roy Bahl |
|
|
|
Registration # |
11-90168 |
|
Street Address |
Suit No. 2, 2nd
Floor, Kirtar Bhavan, 121 ShaBS Road, Colaba, Mumbai-400005, Maharashtra,
India |
||
|
Established Date |
03.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-22-66136713 |
Business Style 1 |
Importer |
|
Fax # |
91-22-66136714 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Spare Parts |
|
|
# of employees |
110 (Approxiamtely) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,481,100/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors-24.18% Other top fifty shareholders -75.82% |
Banking |
ABN Ambro Bank |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
--- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
24,228,000 |
Current Liabilities |
2,784,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
278,000 |
Other Liabilities |
4,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,788,000 |
|
Invest& other Assets |
2,819,000 |
Retained Earnings |
23,056,000 |
|
|
|
Net Worth |
24,537,000 |
|
Total Assets |
27,325,000 |
Total Liab. & Equity |
27,325,000 |
|
Total Assets (Previous Year) |
25,342,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Turnover |
NA |
Net Profit |
NA |
|
Turnover (Previous yr) |
14,459,000 |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEA LION SHIP MANAGEMENT PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Suit No.104, 1st Floor, Kartar Bhavan, 121, Shahid Bhagat
Singh Road, Colaba, Mumbai-400005, Maharashtra. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-90168 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.481 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH1995PTC090168 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS22741F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer of Spare Parts (Shipping Company) |
|
|
|
|
No. of Employees
: |
110 (Office) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Profit and Loss account for the current year is not available |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Head Office : |
Suit No.104, 1st Floor, Kartar Bhavan, 121 Shahid Bhagat
Singh Road, Colaba, Mumbai-400005, Maharashtra, India |
|
Tel. No.: |
91-22-22836154 / 66136713 |
|
Fax No.: |
91-22-22836411 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Shivang Subhash Chandar Segal |
|
Designation : |
Director |
|
Address : |
21/B The Peregrine 400, Veer Savarkar Marg, Prabhadevi, Mumbai-400025,
|
|
Date of Birth/Age : |
26.06.1981 |
|
Date of Appointment : |
11.08.2005 |
|
DIN No.: |
00089383 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U65990MH1995PTC093617 |
Jurassic
Investments Private Limited |
Director |
18-07-02 |
18-07-02 |
Active |
NO |
|
2 |
U65990MH1995PTC093619 |
Roborant
Investments Private Limited |
Director |
18-07-02 |
18-07-02 |
Active |
NO |
|
3 |
U51900MH1995PTC094944 |
Mayrose
Trading And Investments Private Limited |
Director |
18-07-02 |
18-07-02 |
Active |
NO |
|
4 |
U21000MH1989PTC050345 |
Park
Paper Industries Private Limited |
Director |
25-07-02 |
25-07-02 |
Active |
NO |
|
5 |
U45200MH1994PTC081904 |
SNP
Home Construction Private Limited |
Director |
07-07-03 |
07-07-03 |
Converted
to LLP and dissolved |
NO |
|
6 |
U61100MH1992PTC068158 |
SNP
Shipping Services Private Limited |
Director |
30-09-03 |
30-09-03 |
Active |
NO |
|
7 |
U63090MH1995PTC090168 |
Sea
Lion Ship Management Private Limited |
Director |
11-08-05 |
11-08-05 |
Active |
NO |
|
Name : |
Mr. Sanjeev Dilbagh Roy Bahl |
|
Designation : |
Director |
|
Address : |
Mystique Rosa Flat No. 100, |
|
Date of Birth/Age : |
16.10.1962 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00290386 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Raghavan V. |
3743 |
|
Sabarwal Bimalvir |
3743 |
|
Shivang Segal |
3582 |
|
Syed Ali Hussain Abidi |
3743 |
|
Total |
14811 |
AS ON 30.09.2010
|
Equity Shares
Break-UP |
Percentage |
|
Directors or relatives of Directors |
24.18 |
|
Other top fifty shareholders |
75.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Spare Parts (Shipping Company) |
|
|
|
|
Products : |
Spare Parts |
GENERAL INFORMATION
|
No. of Employees : |
110 (Office) (Approximately) |
|
|
|
|
Bankers : |
·
ABN Ambro Bank, Mumbai, Maharashtra, India. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kirit Salgia and Company Chartered Accountants |
|
Address : |
124/B, Mittal Tower, 210, Nariman Point, Mumbai – 400021, |
|
Tel. No.: |
91-22-22844486 |
|
Fax No.: |
91-22-26285029 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14811 |
Equity Shares |
Rs.100/-
each |
Rs. 1.481
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.481 |
1.481 |
1.481 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.056 |
21.098 |
18.803 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.537 |
22.579 |
20.284 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.004 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
24.541 |
22.579 |
20.284 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.278 |
0.310 |
0.351 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.819 |
2.800 |
2.800 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
20.551
|
17.693
|
16.674
|
|
|
Cash & Bank Balances |
0.222
|
0.530
|
9.505
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
3.455
|
4.009
|
2.945
|
|
Total
Current Assets |
24.228
|
22.232 |
29.124 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.365
|
0.258
|
10.591
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
2.419
|
2.505
|
1.400
|
|
Total
Current Liabilities |
2.784
|
2.763 |
11.991 |
|
|
Net Current Assets |
21.444
|
19.469
|
17.133
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
24.541 |
22.579 |
20.284 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
TURNOVER |
|
14.459 |
12.379 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.479 |
1.968 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.078 |
0.094 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
3.401 |
1.874 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
23.52 |
15.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
15.09 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.15 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.11
|
0.12 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.70
|
8.05 |
2.43 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS
- Computer
- Air Condition
- Furniture and Fixture
- Telephone and Installation
- Xerox Machine
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. 48.89 |
|
|
1 |
Rs. 77.31 |
|
Euro |
1 |
Rs. 67.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.