1. Summary Information
|
|
|
Country |
|
|
Company Name |
LEVELONE
COMMUNICATIONS ( |
Principal Name 1 |
Mr. Babu Joseph Naduthottam |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ligi Joseph |
|
|
|
Registration # |
55-175204 |
|
Street Address |
63, Bharat
Nagar, New Friends Colony, |
||
|
Established Date |
12.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-11-47047047 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-47047048 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Computer Networking Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
41,393,000 |
Current Liabilities |
44,787,000 |
|
Inventories |
4,766,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
37,000 |
Other Liabilities |
506,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
45,293,000 |
|
Invest& other Assets |
10,000 |
Retained Earnings |
413,000 |
|
|
|
Net Worth |
913,000 |
|
Total Assets |
46,206,000 |
Total Liab. & Equity |
46,206,000 |
|
Total Assets (Previous Year) |
10,389,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
30,823,000 |
Net Profit |
260,000 |
|
Sales(Previous yr) |
12,531,000 |
Net Profit(Prev.yr) |
151,000 |
MIRA INFORM
REPORT
|
Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LEVELONE COMMUNICATIONS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
63, Bharat Nagar, New Friends Colony, New Delhi – 110065 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.03.2008 |
|
|
|
|
Com. Reg. No.: |
55-175204 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL2008PTC175204 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Computer Networking
Products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. 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
cautions. |
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) |
|
|
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 : |
63, Bharat Nagar, New Friends Colony, New Delhi – 110065, India |
|
Tel. No.: |
91-11-47047047 |
|
Fax No.: |
91-11-47047048 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Overseas Office: |
Located At ·
Germany ·
Australia ·
Brazil ·
Greece ·
Israel ·
Korea ·
The Netherlands ·
Denmark Taiwan ·
Belgium ·
East Africa ·
Italy ·
Mena ·
Portugal ·
Slovenia ·
South Africa ·
Sweden ·
Spain ·
Thailand |
|
|
|
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Babu Joseph Naduthottam |
|
Designation : |
Director |
|
Address : |
17-B/1, New Friends Colony, Bharat Nagar, New Delhi – 110065, India |
|
Date of Birth/Age : |
30.05.1976 |
|
Date of Appointment : |
12.03.2008 |
|
DIN No.: |
01942142 |
|
|
|
|
Name : |
Mr. Ligi Joseph |
|
Designation : |
Director |
|
Address : |
House No.45 F/F, Bharat Nagar, Friends Colony, New Delhi – 110065,
India |
|
Date of Birth/Age : |
11.05.1981 |
|
Date of Appointment : |
12.03.2008 |
|
DIN No.: |
01942913 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Babu Joseph Naduthottam |
|
25000 |
|
Ligi Joseph |
|
25000 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Computer Networking
Products |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Syndicate Bank, Corporate Finance Branch, Sarojani House, 6 Bhagwan
Dass Road, New Delhi – 110001, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ravinder K. Choudhary and Company Chartered Accountant |
|
Address : |
G-59, Basement, Lajpat Nagar II, New Delhi – 110024, India |
|
Tel No.: |
91-11-41724517 |
|
PAN.: |
AAJPK7989H |
|
Email: |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
RS.0.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.413 |
0.152 |
0.001 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.913 |
0.652 |
0.501 |
|
|
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 |
0.002 |
0.003 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.915 |
0.655 |
0.501 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.037 |
0.054 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.766
|
0.261 |
0.00 |
|
|
Sundry Debtors |
22.326
|
2.325 |
0.00 |
|
|
Cash & Bank Balances |
3.118
|
5.956 |
0.356 |
|
|
Other Current Assets |
0.870
|
0.00 |
0.00 |
|
|
Loans & Advances |
15.079
|
1.778 |
0.132 |
|
Total
Current Assets |
46.159
|
10.320 |
0.488 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.524
|
9.002 |
0.000 |
|
|
Other Current Liabilities |
12.263
|
0.279 |
0.000 |
|
|
Provisions |
0.504
|
0.453 |
0.006 |
|
Total
Current Liabilities |
45.291
|
9.734 |
0.006 |
|
|
Net Current Assets |
0.868
|
0.586 |
0.482 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.010 |
0.015 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
0.915 |
0.655 |
0.501 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
30.823 |
12.531 |
0.028 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
30.429 |
12.288 |
0.026
(Including Depreciation) |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.394 |
0.243 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.017 |
0.025 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.377 |
0.218 |
0.002 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.117 |
0.067 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.260 |
0.151 |
0.001 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.20 |
NA |
NA |
|
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.84
|
1.21 |
3.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82
|
2.11 |
0.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.33 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
49.61
|
14.93 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
1.00 |
81.33 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
OPERATING RESULTS:
During the year, Company
has earned a Net Profit (After Tax) of Rs.0.260 Million after amortisation of
Preliminary Expenses amounting to Rs.0.005 Million and depreciation amounting
to Rs.0.017 Million. The Directors are hopeful of improving performance in the
current and subsequent years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U72200DL2008PTC175204 |
|
Name of the company |
LEVELONE
COMMUNICATIONS (INDIA) PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
63, Bharat
Nagar, New Friends Colony, New Delhi – 110065, India Email: rkchaudhary2004@yahoo.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of charge holder |
Syndicate Bank,
Corporate Finance Branch, Sarojani House, 6 Bhagwan Dass Road, New Delhi –
110001, India |
|
Nature of instrument creating charge |
mallyashenoyca@rediffmail.com |
|
Date of instrument Creating the charge |
11.08.2011 |
|
Amount secured by the charge |
Rs.59.000
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest ROI shall be charge on Bank Guarantee limit @ 17.50% p. a. being 6.75%
over and above the Syndicate Bank's Base Rate with monthly rests. Terms of Repayment As per B.G. norms. Margin Performance B. G. 100% Cash Margin. Bank Guarantee(one time) 25% Extent and Operation of the charge The counter guarantee is to secure following Bank Guarantees ;-- 1. Bank Guarantee (Performance) -Rs.19.000 Millions 2.Bank Guarantee (one
time) - Rs.40.000 Millions
------------------
Total Rs.59.000 Millions Others |
|
Short particulars of the property or asset(s)
charged (including complete address and location of the property) |
Omnibus counter
guarantee to indemnify bank from and against all actions, proceedings,
claims, losses caused etc. that may be brought, sustained or incurred by the
bank issuing the bank guarantee as aforesaid. |
Fixed Assets
·
Computer and Peripherals
·
Furniture and Fixtures
AS PER WEBSITE DETAILS
COMPANY PROFILE
Subject was established in 1991 in Dortmund, Germany by
Digital Data Communications GmbH.
By providing quality networking products and solutions, they''ve grown steadily
throughout the years with Branch Offices in 20 countries around the world.
The internet has become a deeply integral part of both business and home life.
Their years of experience has taught us that the only way to stay on top of the
latest technology and trends is by listening carefully to what the customer
says.
DDC is headquartered in Germany, and also maintains branches in Belgium, Denmark,
Greece, Italy, The Netherlands, Portugal, Slovenia, South Africa, Sweden and
Taiwan. They are currently achieving year-on-year increase in turn-over. Their
Production, Development, Distribution and Logistics Centers are growing in
number and setting new qually standards throughout the world with powerful and
recognizable brand names.
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.55.91 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.