MIRA
INFORM REPORT
|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUCKYSTAR INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
97/10, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.01.2006 |
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Com. Reg. No.: |
11- 159035 |
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Capital
Investment / Paid-up Capital : |
Rs. 8.519 Millions |
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CIN No.: [Company Identification No.] |
U51900MH2006PTC159035 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUML06137F |
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PAN No.: [Permanent Account No.] |
AABCL1519M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of lamination and packing |
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No. of Employees
: |
Information not given by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 55000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some dip in the sales turnover during 2011. The financial position of the
company is improving. Trade relations are reported as fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Himanshu |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-2836-252351 |
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Date : |
17.08.2012 |
LOCATIONS
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Registered Office : |
97/10, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, |
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Tel. No.: |
91-2836-252351 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Shirin Mohanlal Jain |
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Designation : |
Director |
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Address : |
Shivtapi Apartments, Floor No. 25, Flat No. 2501, Harishchandra
Goregaounkar Marg, Gavdevi, Mumbai –
400007, Maharashtra, India |
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Date of Birth/Age : |
20.04.1979 |
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Date of Appointment : |
02.08.2008 |
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DIN No.: |
02256859 |
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Name : |
Mr. Robin Jawaharlal Porwal |
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Designation : |
Director |
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Address : |
Jyotirling Chowk, Taluka-Walawa, District Sangli, Ashta-416301,
Maharashtra, India |
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Date of Birth/Age : |
28.06.1985 |
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Date of Appointment : |
20.10.2010 |
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DIN No.: |
03269579 |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sheetal M Jain |
8800 |
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Shakun M Jain |
9000 |
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Babulal D Chouhan (HUF) |
100 |
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Chintan M Jain |
100 |
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Shirin Jain |
100 |
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Sumeet J Porwal |
100 |
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Reema S jain |
100 |
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Mamta S Jain |
100 |
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Sukanraj D Surana |
1300 |
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Mohanalal S Jain (HUF) |
100 |
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Mohanlal S Jain |
100 |
|
Shreee Ganesh Spinners Limited, India |
166000 |
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Avance Technologies Limited, India |
333000 |
|
Mahan Industries Limited, India
|
333000 |
|
TOTAL
|
851900 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
97.66 |
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Directors or relatives of Directors |
2.18 |
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Other top fifty shareholders |
0.16 |
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TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of lamination and packing |
GENERAL INFORMATION
|
Suppliers : |
·
Alfa Tools Private Limited ·
Proietti SNC ·
Shipping Corporation of India ·
Agarwal Cargo Movers ·
Maharana Beverage ·
PGVCL ·
Kamat Nene Associates ·
Promarc International INC ·
Flax Apparels Private Limited |
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Customers : |
·
Mokshstar International ·
Riddisiddhi Bullions Limited ·
National Traders ·
Deluex Recycling India Private Limited ·
Om Drishan Internationals ·
S r Brothers ·
Streamflow Polyweave Private Limited |
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No. of Employees : |
Information nit given by the management |
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Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda-390015, Gujarat, India ·
Punjab National Bank ·
Corporation Bank ·
Bhuj Mercantile Co-operative Bank Limited ·
Citi Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kamat Nene Associates Chartered Accountant |
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Address : |
1, Ground Floor, Solitire Building, Off Link Road, Goregaon (West),
Mumbai-400104, Maharashtra, India |
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PAN No.: |
AAIFK4770H |
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Related Parties : |
·
Mokshstar Internaitonal ·
Shreeji Polymers |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
851900 |
Equity Shares |
Rs.10/- each |
Rs. 8.519
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
8.519 |
8.539 |
2.699 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.381 |
4.160 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(1.385) |
(3.900) |
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NETWORTH |
13.900 |
11.314 |
(1.201) |
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LOAN FUNDS |
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1] Secured Loans |
0.530 |
0.093 |
0.354 |
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2] Unsecured Loans |
6.933 |
7.165 |
6.564 |
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TOTAL BORROWING |
7.463 |
7.258 |
6.918 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
21.363 |
18.572 |
5.717 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
10.406 |
10.645 |
9.613 |
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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 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
16.510
|
13.533 |
25.505 |
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Sundry Debtors |
0.681
|
4.734 |
3.247 |
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Cash & Bank Balances |
1.202
|
0.856 |
0.221 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
7.230
|
8.600 |
8.249 |
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Total
Current Assets |
25.623
|
27.723 |
37.222 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.070
|
3.107 |
7.589 |
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Other Current Liabilities |
10.931
|
16.289 |
33.416 |
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Provisions |
0.695
|
0.460 |
0.203 |
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Total
Current Liabilities |
14.696
|
19.856 |
41.208 |
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Net Current Assets |
10.927
|
7.867 |
(3.986) |
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MISCELLANEOUS EXPENSES |
0.030 |
0.060 |
0.090 |
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TOTAL |
21.363 |
18.572 |
5.717 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
223.931 |
273.124 |
585.820 |
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Other Income |
3.031 |
2.420 |
9.943 |
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TOTAL |
226.962 |
275.544 |
595.763 |
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Less |
EXPENSES |
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Material Consumed |
195.410 |
237.254 |
520.909 |
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Direct Expense |
20.076 |
28.751 |
45.003 |
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Administrative Expenses |
4.734 |
3.874 |
25.311 |
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Employees Cost |
1.799 |
1.148 |
2.019 |
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Preliminary Expenses |
0.030 |
0.030 |
0.030 |
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TOTAL |
222.049 |
271.057 |
593.272 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.913 |
4.487 |
2.491 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
1.125 |
1.513 |
1.134 |
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PROFIT BEFORE
TAX |
3.788 |
2.974 |
1.357 |
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Less |
TAX |
0.695 |
0.459 |
0.204 |
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PROFIT AFTER TAX
|
3.093 |
2.515 |
1.153 |
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EXPORT VALUE |
96.225 |
198.662 |
NA |
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IMPORTS VALUE |
6.830 |
16.924 |
NA |
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|
Earnings Per
Share (Rs.) |
3.63 |
3.00 |
58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.36
|
0.91 |
0.19 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
1.69
|
1.09 |
0.23 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.51
|
7.75 |
2.90 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.26 |
(1.13) |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.59
|
2.40 |
(40.07) |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.40 |
0.90 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External
Agency Rating, if available |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
3.070
|
3.107 |
7.589 |
|
TOTAL |
3.070
|
3.107 |
7.589 |
SUNDRY CREDITORS
PARTIAL DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Advance to
Creditors |
|
|
|
|
Alfa Tools Private Limited |
0.002 |
0.000 |
|
|
Proietti SNC |
0.626 |
0.916 |
|
|
Shipping Corporation of India |
1.458 |
0.000 |
|
|
Sundry Creditors |
|
|
7.589 |
|
Agarwal Cargo Movers |
0.000 |
0.119 |
|
|
Maharana Beverage |
0.015 |
0.015 |
|
|
PGVCL |
0.002 |
0.003 |
|
|
Kamat Nene Associates |
0.355 |
0.318 |
|
|
Promarc International INC |
1.291 |
1.305 |
|
|
Flax Apparels Private Limited |
0.570 |
0.000 |
|
FINANCIAL RESULTS
During the year the company has achieved profit of Rs. 3.093 millions
after provision for taxation.
FORM 8
|
Corporate
identity number of the company |
U51900MH2006PTC159035 |
|
Name of the
company |
LUCKYSTAR
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
97/10, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Others
|
|
Particular of
charge holder |
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda-390015,
Gujarat, India |
|
Nature of
instrument creating charge |
Purchase of New
Forklift Machine |
|
Date of
instrument Creating the charge |
23.11.2010 |
|
Amount secured by
the charge |
Rs. 0.608 Million |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 9.56% P.A. Terms of repayment EMI of Rs 0.020
Million for 35 Months Margin Rs 0.171 Million
of Total Cost Extent and operation of the charge EMI of Rs 0.020
Million for 35 Months |
|
Short particulars
of the property charged (Including location of the property) |
New Forklift
Machine |
FIXED ASSETS
- Land and Building
- Furniture and Fixture
- Water Cooler
- Xerox Machine
- Mobile Phone
- Air Conditioner
- Electrical Fitting and Installation
- Incinerator
- Car
- Motor Cycle
- Office Equipments
- Packing Machine
- Plant and Machinery
- Computer
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 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. 55.98 |
|
|
1 |
Rs. 87.55 |
|
Euro |
1 |
Rs. 68.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.