MIRA INFORM REPORT

 

 

Report Date :

22.10.2011

 

IDENTIFICATION DETAILS

 

Name :

LKP SYSTEM ENGINEERS PRIVATE LIMITED

 

 

Registered Office :

4010/4020/4021, Bhandup Industrial Est., 4th Floor, Pannalal Compound, L.B.S. Road, Bhandup (West), Mumbai 400078, Maharashtra, India

 

 

Country :

India

 

 

Date of Incorporation :

29.05.2006

 

 

Com. Reg. No.:

161912

 

 

Capital Investment / Paid-up Capital :

Not Available

 

 

CIN No.:

[Company Identification No.]

U31909MH2006PTC161912

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUML06874A

 

 

PAN No.:

[Permanent Account No.]

AABCL1986C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of High tech Industrial Electronics Products, UPS Systems, Soft Starters, Crane Control Systems, AC Variable Frequency Inverters.

 

 

No. of Employees :

30 – Approximately (In office – 20, Factory-10)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor Corporate Governance

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Though the company was incorporated in 2006, it has not filed any financials with the government departments since then, thus indicating a poor corporate governance. Business is active. Payment terms are not known.

 

The company can be considered for business dealings on a secured 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 – 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

 

INFORMATION PARTED BY

 

Name :

Ms. Meghna

Designation :

Accountant

Contact No.:

91-22-64261995

Date :

20.10.2011

 

LOCATIONS

 

Registered Office :

4010/4020/4021, Bhandup Industrial Est., 4th Floor, Pannalal Compound, L.B.S. Road, Bhandup (West), Mumbai 400078, Maharashtra, India

Tel. No.:

91-22-64261995/67980676

Mobile No.:

91-9324968653 (Mr. Khairnar)

Fax No.:

91-22-67980676

E-Mail :

lkpsys@vsnl.com

Location :

Owned

 

 

Factory  :

Located At:

  • Ambernath

Location :

Owned

 

 

DIRECTORS

 

Name :

Mr. D S Khairnar

Designation :

Director

Date of Birth/Age :

54 years

Qualification :

MSC

 

 

Name :

Mr. Ramrao Patil

Designation :

Director

Date of Birth/Age :

40 years

Qualification :

Diploma in Electronic Engineer

 

 

Name :

Mrs. Smita Patil

Designation :

Director

Date of Birth/Age :

28 years

Qualification :

B Com

 

 

Name :

Mr. Prachi Kairnar

Designation :

Director

Date of Birth/Age :

26 years

Qualification :

Architecture

 

 

 

KEY EXECUTIVES

 

Name :

Ms. Meghna

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2011

 

Names of Shareholders

 

No. of Shares

D S Khairnar

 

2500

Ramrao Patil

 

2500

Smita Patil

 

2500

Prachi Kairnar

 

2500

Total

 

10000

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of High tech Industrial Electronics Products, UPS Systems, Soft Starters, Crane Control Systems, AC Variable Frequency Inverters.

 

 

Products :
  • AC Variable Frequency Inverters
  • UPS Systems
  • Programmable Logic Controllers
  • Digital Temperature Controllers
  • AC / DC Drives for HVAC Applications
  • Auto Tune PID Digital Temperature / Process Controllers
  • High Performance Machinery drives
  • Soft Starters
  • Crane Control Systems

 

 

Terms :

 

Selling :

Credit

 

 

Purchasing :

Credit

 

GENERAL INFORMATION

 

Suppliers :

A B B Limited, Bangalore

 

 

Customers :

Wholesaler, Retailers, and End Users

  • Smaco Engineering Private Limited, Mumbai

 

 

No. of Employees :

30 – Approximately (In office – 20, Factory-10)

 

 

Bankers :

IDBI Bank, Station road, Dombiwali (East), Mumbai

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

R A Rajput and Company

Chartered Accountant

Address :

Mumbai, Maharashtra, India

 

CAPITAL STRUCTURE

 

As on 31.03.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs. 10 each

Rs.0.100 million 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Sales Turnover (Approximately)

52.000

33.000

23.000

 

Notes: Growth in Customer Requirement

 

The above information has been parted by Ms. Megha (Accountant)

 

LOCAL AGENCY FURTHER INFORMATION

 

Check list by Info Agents

 

Available in Reports ( Yes/No)
  1. Year Of Establishment

Yes
  1. Locality of the Firm

Yes
  1. Constitutions of the Firm

Yes
  1. Premises Details

Yes
  1. Type Of Business

Yes
  1. Line of Business

Yes
  1. Promoter’s Background

--
  1. No. of Employees

Yes
  1. Name of person contacted

Yes
  1. Designation of contact person

Yes
  1. Turnover of Firm fort last three years

Yes
  1. Profitability for last three years

No
  1. Reasons For Variation<>20%

No
  1. Estimation for coming financial year

Yes
  1. Capital in Business

No
  1. Details of Sister Concern

No
  1. Major Suppliers

Yes
  1. Major Customers

Yes
  1. Payment Terms

Yes
  1. Export / Import Details (if Applicable)

No
  1. Market Information

--
  1. Litigations that the firm / Promoter involved in

--
  1. Banking Details

Yes
  1. Banking Facility Details

No
  1. Conduct of the banking account

--
  1. Buyer visit details

--
  1. Financial, if provided

No
  1. Incorporation details, if applicable

--
  1. Last Account filed at ROC

--
  1. Major shareholder , if available

--

 

Note:

 

The registered address has been changed from 4010, Bhandup Industrial Estate, Pannalal Compound, Bhandup (West), Mumbai – 400078 to Present address

 

TRADE REFERENCE

 

  • A B B Limited, Bangalore
  • Smaco Engineering Limited
  • Techno Craft Engineers Private Limited, Mumbai

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 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.50.07

UK Pound

1

Rs.79.16

Euro

1

Rs.65.06

 

 

 

 

 

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

-

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.