MIRA INFORM REPORT
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Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
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Name : |
LE NISSI IMPEX PRIVATE LIMITED |
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Registered
Office : |
143, Madhavaram High Road, Perambur, Chennai – 600011, Tamil
Nadu |
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Country : |
India |
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Date of
Incorporation : |
05.06.2013 |
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Com. Reg. No.: |
18-091501 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900TN2013PTC091501 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Exporter of Vegetables and Spices Like Red Onion, Potato,
Red Chilly Cardamom. |
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No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
USD 400 |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated during 05/06/2013, and it is
established itself gradually. Mr. A Santhosam, Director has provided information to us. Trade relations are improving. Business is active. Payment terms are
unknown. The company can be considered for business dealing on a safe and
secured trade terms and condition.
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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 – December 1, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to
Moody’s Analytics. Concerns over the rupee and current account deficit
are under control, said the agency. Ratings firm Crisil has forecast 6 % growth
for 2014/15 up from the estimated 4.8 % for 2013/14. Total economic
growth, infrastructure bottlenecks and lack of transparency and consistency in
foreign direct investment policies seem to have taken a toll on India’s
attractiveness as an investment destination, says an Ernst & Young survey.
Projects with FDI component fell 16.4 % across the globe in 2012 from the
previous year. The drop in India was steeper at 21 %. State run carrier
Air India is doling out free tickets to its 24000 employees, even as it expects
to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000
mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and
curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount
smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has
proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used
for education and awareness among depositors. According to the plan,
deposits that have not been claimed for at least 10 years will be transferred
to the scheme.
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 PARTED BY
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Name : |
Mr. A. Santhosam |
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Designation : |
Director |
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Contact No.: |
91-9962509585 |
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Date : |
20.02.2014 |
LOCATIONS
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Registered Office : |
143, Madhavaram High Road, Perambur, Chennai – 600011, Tamil
Nadu, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9962509585 (Mr. A. Santhosam) |
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Fax No.: |
Not Available |
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Area : |
1000 Sq. ft. |
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Location : |
Owned |
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Corporate Office: |
No:62/2, Madhavaram High Road, Perambur, Chennai, Chennai –
600011, Tamil Nadu, India |
DIRECTORS
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Name : |
Mr. Anthonimuthu Santhosam |
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Designation : |
Director |
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Address : |
62/2, Madhavaram High Road, Perambur, Chennai – 600011, Tamil
Nadu, India |
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Date of Birth/Age : |
08.06.1978 |
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Qualifications: |
Degree |
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Date of Appointment : |
05.06.2013 |
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DIN No.: |
06581674 |
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Name : |
Mr. Santhosam Stella |
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Designation : |
Director |
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Address : |
62/2, Madhavaram High Road, Perambur, Chennai – 600011, Tamil
Nadu, India |
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Date of Birth/Age : |
19.07.1978 |
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Date of Appointment : |
05.06.2013 |
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DIN No.: |
06582179 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Anthonimuthu Santhosam |
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5000 |
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Santhosam Stella |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Exporter of Vegetables and Spices Like Red Onion, Potato,
Red Chilly Cardamom. |
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Products : |
Vegetables
Spices
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
8 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Jabashn Jyothi Chartered Accountants |
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Address : |
Chennai, Tamil Nadu, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
Expected Sales (2013-2014): Rs. 500.000 Millions
The above information has been parted by Mr. A. Santhosam (Director)
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
Yes |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact person |
Yes |
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11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
-- |
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14] |
Estimation for coming financial year |
Yes |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details (if applicable) |
Yes |
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21] |
Market information |
-- |
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22] |
Litigations that the firm / promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
Yes |
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28] |
Incorporation details, if applicable |
Yes |
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29] |
Last accounts filed at ROC |
No |
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30] |
Major Shareholders, if available |
Yes |
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31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating, if available |
No |
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. 62.16 |
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|
1 |
Rs. 103.44 |
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Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
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Report Prepared
by : |
DPH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
-- |