MIRA INFORM REPORT

 

 

Report Date :

20.09.2011

 

IDENTIFICATION DETAILS

 

Name :

LABTOP INTRUMENT PRIVATE LIMITED w.e.f 14.03.2000

 

 

Formerly Known As :

SKYLAB INSTRUMENT AND ENGINEERING PRIVATE LIMITED

 

 

Registered Office :

Labtop House, Plot No. 59, Opp Amarson, Waliv Phata, sativali Road, Vasai – east, Thane- 401208, Maharasahtra

 

 

Country :

India

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

14.03.2002

 

 

Com. Reg. No.:

11.135179

 

 

Capital Investment / Paid-up Capital :

Rs, 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U33125MH2002PTC135179

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS50322G

 

 

PAN No.:

[Permanent Account No.]

AAHCS4114P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and exporter of Clinical Instruments

 

 

No. of Employees :

In Office + In Factory - 100 (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 32000

 

 

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. Payment are reported to be usually correct and as per commitments.

 

The company can be considered normal for biusiness dealings at usual trade terms and conditions.

 

Profit and loss of the company 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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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 :

Mr. Byju George Chackolamannil

Designation :

Director

Contact No.:

91-9323733519

Date :

15.09.2011

 

LOCATIONS

 

Registered Office / Factory  :

Labtop House, Plot No. 59, Opp Amarson, Waliv Phata, sativali Road, Vasai – east, Thane- 401208, Maharasahtra

Tel. No.:

91-250-6457376-99/3481431/2481428/6516378

Mobile No.:

91-9323733519 (Mr. George)

Fax No.:

91-250-2481505

E-Mail :

George@labtopinstruments.com

sales@labtopinstruments.com

rsp.vasai@gmail.com

Location :

Owned

 

DIRECTORS

As on 30.09.2010

 

Name :

Mr. Byju George Chackolamannil

Designation :

Director

Address :

F/4, Mahalaxmi Apartment, Shree Krishna Complex, Barampur, Vasai- West, Thane – 401202, Maharasahtra, India

Date of Birth/Age :

25.05.1970

Date of Appointment :

14.03.2002

DIN No.:

00266054

Other Directorship :

 

No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U33125MH2002PTC135179

LABTOP INSTRUMENTS PRIVATE LIMITED

Director

14/03/2002

14/03/2002

-

Active

NO

 

 

Name :

Mr. Susan Byju George

Designation :

Director

Address :

F/4, Mahalaxmi Apartment, Shree Krishna Complex, Barampur, Vasai- West, Thane – 401202, Maharasahtra, India

Date of Birth/Age :

26.03.1975

Date of Appointment :

14.03.2002

DIN No.:

00271806

Other Directorship :

 

No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U33125MH2002PTC135179

LABTOP INSTRUMENTS PRIVATE LIMITED

Director

14/03/2002

14/03/2002

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

 

Names of Shareholders

 

No. of Shares

Byju George Chackolamannil

 

5000

Susan Byju George

 

5000

 

 

 

TOTAl

 

10000

 

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

 

 

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of  Clinical Instruments.

 

 

Products :
  • Biofreeze
  • Blood Bag Tube
  • Sealer
  • Blood Bag Refrigerator
  • Deep Freezer
  • Laboratory Incubator
  • Test Chamber
  • Laboratory Oven
  • Stability Test Chambers
  • Plasma Freezer
  • Platelet Incubator
  • Agitator

 

 

Exports :

 

Products :

Clinical Instruments

Countries :
  • China
  • Singapure
  • UAE

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

GENERAL INFORMATION

 

Customers :

Wholesalers and Retailers

  • Kasturba Hospital and Madical, Manipal
  • Dhirubhai Ambani Hospital, Lodhivali
  • Modern Blood Bank, Hyderabad
  • Gujarat Blood Bank , Ahmedabad
  • The Kota Blood Bank Society, Kota
  • Dr. Piplival, Udaipur
  • Field Marshall Blood Bank, Rajkot
  • M.I.M Hospital, Raipur
  • Satya Sai Blood Bank, Dombivali
  • Somaia Hospital and Madical Collage Mumbai
  • West Coast Blood Bank, Mumbai

 

 

No. of Employees :

In Office + In Factory - 100 (Approximately)

 

 

Bankers :
  • Central Bank

Vasai, Mumbai

  • Vasai Vikas Shakari Bank Limited

H.O.Samaj Mandir, Opp. New English High School, Vasai – 401202, Maharasahtra , India Email Id: vasaivikasbank.navgharbr@rediffmail.com

  • Federal Bank
  • New India Co-Op Bank

 

 

Facilities :

Secured Loan

As on

31.03.2010

(Rs. in

Millions)

As on

31.03.2009

(Rs. in

Millions)

Overdraft with Federal Bank

Term Loan with Federal Bank

New India Co-Op Bank – Mini Bus

New India Co-Op Bank – Term Loan

0.000

0.000

9.824

35.865

5.451

0.932

0.000

0.000

Total

45.689

6.383

UnSecured Loan

As on

31.03.2010

(Rs. in

Millions)

As on

31.03.2009

(Rs. in

Millions)

FROM DIRECTOR

  • Susan. B. George
  • Biju. George

FROM OTHER

·         John

·         Labtop Service

 

0.507

0.055

 

0.033

0.045

 

0.612

0.000

 

0.033

0.045

Total

0.640

0.690

 

 

 

 

 

 

Banking Relations :

 

 

 

 

Auditors :

 

Name :

Shet Shetty and Associates

Chartered Accountant

Address :

C-20, 1st Floor, Shree Kailash Chs Limited, Datte Mandir Road, Santacruz – East, Mumbai – 400055, Maharasahtra, India

PAN.:

AAVFS6306C

 

 

 

CAPITAL STRUCTURE

As on 30.09.2010

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

Issued, Subscribed & Paid-up 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)

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2010

31.03.2009

31.03.2008

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

0.100

0.100

0.100

2] Share Application Money

2.800

0.000

0.000

3] Reserves & Surplus

5.218

3.944

2.049

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

8.118

4.044

2.149

LOAN FUNDS

 

 

 

1] Secured Loans

45.689

6.383

2.355

2] Unsecured Loans

0.640

0.690

0.558

TOTAL BORROWING

46.329

7.073

2.913

DEFERRED TAX LIABILITIES

0.067

0.067

0.062

 

 

 

 

TOTAL

54.514

11.184

5.124

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

45.817

2.770

2.346

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.650

0.539

0.038

DEFERREX TAX ASSETS

0.021

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
3.404

3.500

3.487

 

Sundry Debtors
12.926

11.074

7.380

 

Cash & Bank Balances
0.255

0.031

0.049

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
5.831

8.187

1.472

Total Current Assets
22.416

22.792

12.388

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
8.713

9.807

5.351

 

Other Current Liabilities
2.961

2.988

3.099

 

Provisions
2.720

2.127

1.205

Total Current Liabilities
14.394

14.922

9.655

Net Current Assets
8.022

7.870

2.733

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

 

 

0.004

0.005

0.007

TOTAL

54.514

11.184

5.124

 

 

Particulars

 

31.03.2011

31.03.2010

Sales Turnover (Approximately)

90.000

70.000

 

 

 

 

The above information has been parted by Mr, Byju George Chackolamannil (Director)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2010

31.03.2009

31.03.2008

Debt Equity Ratio

(Total Liability/Networth)

 
7.48

5.44

5.85

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
1.56

1.53

1.28

 

 

LOCAL AGENCY FURTHER INFORMATION

 

FORM 8 :

 

Corporate identity number of the company

U33125MH2002PTC135179

Name of the company

LABTOP INSTRUMENTS PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

Labtop House, Plot No.-59, Opposite to Amarson, Waliv Phata, Sativali Road, Vasai- East, Mumbai-401602, Maharasahtra, India

sales@labtopinstruments.com

This form is for

Modification of Charge

Charge identification (ID) number of the charge to be modified

10188374

Type of charge

  • Immovable Property
  • Books Debts

Particular of charge holder

Co-Operative Bank

Vasai Vikas Sahakari Bank Limited

H.O.Samaj Mandir, Opp New English School, Vasai, Tal-Vasai – 401202, Maharasahtra, India Email Id : vasaivikasbank.navgharbr@rediffmail.com

Nature of instrument creating charge

  1. Supplemental Deed og Hypothecation Dated 19th July, 2011.
  2. Deed of Simple Mortgage Dated 19th july, 2011.

( Both collectively constitute a single charge of Rs. 49.800 Millions )

Date of instrument Creating the charge

19.07.2011

Amount secured by the charge

Rs. 49.800 Millions

Brief of the principal terms an conditions and extent and operation of the charge

Rate Of Interest :

12.50% Per Annum

 

Terms of payment :

Tenability till upto 30th November, 2011.

 

Margin :

25%

 

Extent and operation of the charge :

The Bank shall have first charge on all the assets secured.

Short particulars of the property or asset(s) charged (including complete address and location of the property)

i)                     Hypothecation of entire stock of raw material, Finished goods, and stock in process and Receivables.

ii)                   Plot no.59, admeasuring about 1000 square yards, i.e. Equivalent to 836.10 (914.40) square metres, out of land bearing Survey No.75, Hissa No.1 and building

iii)                  Admeasuring about 626.67 (724.16) square metres (built up area ) constructed theron laying being and situated at revenure Village – Waliv, Taluka – Vasai, Diustrict – Thane, within the area of Sub – Registrar

iv)                  Vasai at Vasai - l

Particulars of the present modification

By the present modification the bank shall increased/ enhanced the credit facility to Rs. 49.800 Millions by sanctioning additional CC limit of Rs. 4.000 Millions . Now CC limit stands at Rs. 14.000 Millions

 

FIXED ASSETS :

 

  • Plant and Machinery
  • Furniture and Fixture
  • Computers
  • Printer
  • Electrical Fittings
  • Air Conditioner
  • Invertor and UPS
  • Refridgerator
  • Attendence Recorder
  • Car Scan Machine
  • Telephone and EPBAX
  • Xerox Machine
  • Loft
  • Tools and Dies
  • Water Purifier
  • Mini Bus
  • Printer Cum Xerox
  • Camera
  • Generator

 

 

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 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.47.79

UK Pound

1

Rs.75.06

Euro

1

Rs.65.35

 

 

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

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

 

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

-

 

 

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.