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Report Date : |
21.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
LIFESTYLE INTERIOR LLP |
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Registered
Office : |
Tech Park, I Tower E, Near Donbosc 3113022347 Yerwada, Pune – 411 006,
Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
01.10.2013 |
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Total Obligation
of Contribution: |
Rs.0.100 Million |
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LLPIN: |
AAB-7910 |
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Legal Form : |
Limited Liability Partnership. |
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Line of Business
: |
Manufacturer of kitchen equipments and furniture like dry kitchen,
vanity counter, doors, frames, wait kitchen. |
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No. of Employees
: |
10 (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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Status : |
New Limited Liability Partnership |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new limited liability partnership concern incorporated on
01st October 2013, and it is establishing itself gradually. Mr. Tambe, Tax manager has provided general information to us and claimed
that the concern has started its commercial operation since from its
incorporation. Trade relations are improving. Business is active. Payment terms are
unknown. The concern can be considered for business dealing on a safe and
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.
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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
|
Name : |
Mr. Tambe |
|
Designation : |
Tax Manager |
|
Tel. No.: |
91-8550997742 |
|
Date : |
19.03.2014 |
LOCATIONS
|
Registered / Administration Office : |
Tech Park, I Tower E, Near Donbosc 3113022347 Yerwada, Pune – 411 006,
Maharashtra, India |
|
Tel. No.: |
91-20-6647300 / 66473100 |
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Mobile No.: |
91-8550997742 (Mr. Tambe) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Rented |
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Factory : |
Survey No.81/1, next to Military Sports Ground, Mundhwa, Pune – 411
036, Maharashtra, India |
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Area : |
12000 Sq. Ft. |
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Location : |
Leased |
DIRECTORS
As on: 31.03.2013
|
Name : |
Mr. Sagar Ishwardas Chordia |
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Designation : |
Designated Partner |
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Address : |
Flat No.1002, Silver Woods, Pingale Wasti, Mundhwa Road, Hadapsar,
Pune, Maharashtra, India |
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Date of Birth/Age : |
05.07.1972 |
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DIN No.: |
00054123 |
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|
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Name : |
Mr. Abhay Ishwardas Chordia |
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Designation : |
Designated Partner |
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Address : |
Flat No.502, ‘D’ Building, Waterfront, Kalyani Nagar, Pune,
Maharashtra, India |
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Date of Birth/Age : |
23.07.1968 |
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DIN No.: |
00055007 |
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|
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Name : |
Mr. Atul Ishwardas Chordia |
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Designation : |
Partner |
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Address : |
37/1A, next to ABC Farm, Mundhwa, Pune – 411 001, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1965 |
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DIN No.: |
AAPPC7612R |
KEY EXECUTIVES
|
Name : |
Mr. Tambe |
|
Designation : |
Tax Manager |
OBLIGATION DETAILS
As on: 31.03.2013
|
Names of Persons |
|
Obligation of
Contribution (Rs. In Millions) |
|
Sagar Ishwardas Chordia |
|
0.034 |
|
Abhay Ishwardas Chordia |
|
0.033 |
|
Atul Ishwardas Chordia |
|
0.033 |
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Total |
|
0.100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of kitchen equipments and furniture like dry kitchen,
vanity counter, doors, frames, wait kitchen. |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Singapore ·
Malaysia ·
Italy |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
HDFC bank, Pune, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
As on: 31.03.2013
Total Obligation of Contribution: Rs.0.100 Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
Expected Sales (2013-2014): Rs.40.000 Millions
The above information has been parted by Mr. Tambe (Tax Manager)
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 |
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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 |
|
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 two years |
No |
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12] |
Profitability for last two years |
No |
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13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
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15] |
Capital in the business |
Yes |
|
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 |
|
21] |
Market information |
-- |
|
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 |
No |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
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 |
|
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 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.61.13 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
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|
Report Prepared
by : |
NKT |
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.