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MIRA INFORM REPORT
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Report No. : |
490345 |
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Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
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Name : |
LCI TEXTILE SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
301, Atlanta Centre, CTS. No. 494, Sonawala Road, Goregaon
(East), Mumbai – 400063, Maharashtra |
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Mobile No.: |
91-9324065851 (Ms. Aradhana Makharia) |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
20.07.2016 |
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Com. Reg. No.: |
11-283894 |
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Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
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CIN No.: [Company Identification
No.] |
U17299MH2016PTC283894 |
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IEC No.: |
0316979236 |
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GSTIN/UIN : |
27AADCL1135H1ZS |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCL1135H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, distributor, wholesaler and dealer in all types of petro products such as resins, synthetic organic / inorganic dyes, pigments, colors, auxiliary chemicals. [Registered Activity] Trader of
dyes and chemicals, exporter of finished goods and importer of raw materials.
[Confirmed by management] |
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No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2016. It is a Trader of dyes and chemicals. It
is also an exporter of finished goods and an importer of raw materials. Management has not filed its financial record with government
department since its inception and same are not available from any sources. Ms. Aradhana Makharia (Finance Department) has claimed that the
subject has earned INR 11.100 million for the financial year 2017. The subject’s customer (STS Marketing) has given positive feedback and
is satisfied with the subject’s product quality and delivery behaviour.
Supplier (Shree Pushkar Chemicals and Fertilizers Limited) has also given
positive feedback and is satisfied with the subject’s payment behavior. Business is active. Payment seems to be slow but correct. In view of aforesaid, th4e 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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 05.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
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Name : |
Ms. Aradhana Makharia |
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Designation : |
Finance Department |
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Contact No.: |
91-9324065851 |
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Date : |
05.02.2018 |
LOCATIONS
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Registered Office : |
301, Atlanta Centre, CTS. No. 494, Sonawala Road, Goregaon
(East), Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9324065851 (Ms. Aradhana Makharia) 91-9820736011 (Mr. Ajay) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Locality : |
Commercial |
DIRECTORS
AS ON 2018
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Name : |
Mr. Ajay Kanwar |
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Designation : |
Additional Director |
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Address : |
House No. 2016, Sector-16, Faridabad – 121002, Haryana,
India |
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Date of Birth/Age : |
04.11.1970 |
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Date of Appointment : |
08.09.2016 |
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DIN No.: |
02169721 |
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PAN No.: |
ADYPK5321M |
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Name : |
Mr. Biswa Ranjan Mukherjee |
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Designation : |
Additional Director |
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Address : |
A/704, Prakruti Park, Anamitra, Azad Nagar, Off G. B.
Road, Thane (West), Thane – 400607, Maharashtra, India |
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Date of Birth/Age : |
01.08.1973 |
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Date of Appointment : |
08.09.2016 |
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DIN No.: |
07615601 |
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PAN No.: |
AJZPM3271D |
KEY EXECUTIVES
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Name : |
Ms. Aradhana Makharia |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 20.06.2016
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Names of Shareholders |
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No. of Shares |
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Shree Pushkar Chemicals and Fertilisers Limited (Through its
autorised signatories / directors Mr.
Punit Makharia) |
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9999 |
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Gautam Makharia |
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1 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, distributor, wholesaler and dealer in all types of petro products such as resins, synthetic organic / inorganic dyes, pigments, colors, auxiliary chemicals. [Registered Activity] Trader of
dyes and chemicals, exporter of finished goods and importer of raw materials.
[Confirmed by management] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cheque and Others (NEFT) |
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Purchasing : |
Cheque and Others (NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Ratan Shah Chartered Accountant |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
INR 10/- each |
INR 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 |
INR 10/- each |
INR 0.100 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
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Particulars |
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31.03.2017 |
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Sales Turnover (Approximately) |
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11.100 |
The above information has been parted by Ms. Aradhana Makharia (Finance
Department)
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
Yes |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
Yes |
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19 |
Major customers |
Yes |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last one year |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXISTS FOR COMPANY
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 64.08 |
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1 |
INR 91.34 |
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Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
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Information
Gathered by : |
KMN |
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Analysis Done by
: |
NYT |
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Report Prepared
by : |
NKT |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.