MIRA INFORM REPORT
|
Report Date : |
1ST June, 2006 |
IDENTIFICATION DETAILS
|
Name : |
ARYA GLOBAL AGENCIES
PRIVATE LIMITED |
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|
Registered Office : |
Dena Bank, Building No. 1,
1st Floor. 17 A,Horniman Circle, Fort, Mumbai – 400 001, India. |
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Country : |
India |
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Date of Incorporation : |
24th April, 2006 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
The
Proposed business in Shipping, Logistic, Transportation, Warehousing, Custom
Clearance, Commodity Trading, Commodity Braking. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
|
Maximum Credit Limit : |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and has no track of performance. It
can be considered for any business dealings on safe and secured trade terms
and conditions, initianly. |
LOCATIONS
|
Registered Office : |
Dena Bank, Building No. 1,
1st Floor. 17 A,Horniman Circle, Fort, Mumbai – 400 001, India. |
|
Tel. No.: |
91-22-22641930/31/2665770/2665267/2664187 |
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Mobile No.: |
91-9867098671 |
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Fax No.: |
91-22-22679139/22661811 |
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TLX - |
11-84167
Arya In |
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E-Mail : |
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Area : |
400
sq. ft. |
|
Location : |
Rented |
Director
|
Name : |
Mrs.
Shachi Arya |
|
Designation : |
Director
|
|
Date of Birth/Age : |
40
Years |
|
Qualification : |
Graduate |
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Experience : |
15
Years |
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|
|
|
Name : |
Mrs. Ritika Arya |
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Designation : |
Director
|
KEY EXECUTIVES
|
Name : |
Mr.
G. S. Arya |
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Designation : |
Chief
Executive Officer |
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Date of Birth/Age : |
47
Years |
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Qualification : |
Graduate |
|
Experience : |
25
Years |
BUSINESS DETAILS
|
Line of Business : |
The
Proposed business in Shipping, Logistic, Transportation, Warehousing, Custom Clearance,
Commodity Trading, Commodity Braking. |
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Terms : |
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Selling : |
Contract |
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Purchasing : |
Contract |
GENERAL INFORMATION
|
Customers : |
Wholesalers
and End Users |
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No. of Employees : |
2 |
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Bankers : |
v
ICICI Bank, Mumbai v
ABN Amro, Mumbai |
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Facilities : |
-- |
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Banking Relations : |
Unknown |
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Sister Concern: |
Aryalines
Private Limited Govind
Mahal, 2nd Floor, 3, Wood Street, Kolkata – 700016 Tel.
No. 91-33-2804819/2804820/2804821 Fax.
No. 91-33-2475925 Tex:
21-4867 Arya In E-Mail.:
aryalines@hotmail.com Line
of Business – Commission Agent Arya Mansion 1,
Second Line Beach, Chennai – 600001 Tel.
No. 91-44-5108333/5227481 Fax.
No. 91-44-5221274 Tex:
41-8155 Arya In Arya
Leasing Limited No.
3, Wood Street, Kolkata Line
of Business – Car Hiring Business Amar
Finance Private Limited 3-D,
Dr. G S Bose Road, Kolkata Line
of Business – Finance Services |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity
Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed
& Paid-up Capital :
|
No paid up capital has been
subscribed. |
FINANCIAL
DATA
[all figures are in Rupees Millions]
Subject
is a new company and not registered any business.
Financials
of its associates are as under
ABRIDGED
BALANCE SHEET
Amar Financial services
Private Limited
|
SOURCES OF
FUNDS |
|
31.03.2001 |
31.03.2000 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1]
Share Capital |
|
0.004 |
0.004 |
|
|
2]
Share Application Money |
|
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4]
(Accumulated Losses) |
|
(0.028) |
0.000 |
|
|
NETWORTH |
|
(0.024) |
0.004 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
0.000 |
0.000 |
|
|
2]
Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED
TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
(0.024) |
0.004 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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|
|
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CURRENT ASSETS, LOANS &
ADVANCES |
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|
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|
|
Inventories |
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|
|
|
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Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
0.551 |
0.011 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total Current Assets |
|
0.551 |
0.011 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.599 |
0.031 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities |
|
0.599 |
0.031 |
|
|
Net
Current Assets |
|
(0.048) |
(0.020) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.024 |
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
|
(0.024) |
0.004 |
|
KEY RATIOS
Amar Financial services
Private Limited
|
PARTICULARS |
|
|
31.03.2001 |
31.03.2000 |
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
(24.95) |
7.75 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
0.91 |
0.35 |
ABRIDGED
BALANCE SHEET
Arya Leasing Limited
|
SOURCES OF
FUNDS |
|
31.03.2002 |
31.03.2001 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1]
Share Capital |
|
0.512 |
0.512 |
|
|
2]
Share Application Money |
|
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4]
(Accumulated Losses) |
|
(0.069) |
(0.356) |
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|
NETWORTH |
|
0.443 |
0.156 |
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|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
0.000 |
0.082 |
|
|
2]
Unsecured Loans |
|
0.174 |
0.088 |
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|
TOTAL BORROWING |
|
0.174 |
0.170 |
|
|
DEFERRED
TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.617 |
0.326 |
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|
|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
|
0.059 |
0.263 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.055 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS &
ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
0.643 |
0.042 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total Current Assets |
|
0.643 |
0.042 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.085 |
0.034 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities |
|
0.085 |
0.034 |
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|
Net
Current Assets |
|
0.558 |
0.008 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.617 |
0.326 |
|
PROFIT & LOSS ACCOUNT
Arya Leasing Limited
|
PARTICULARS |
|
31.03.2002 |
31.03.2001 |
|
Sales Turnover [including
other income] |
|
0.497 |
0.024 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
0.311 |
(0.109) |
|
Provision
for Taxation |
|
0.024 |
0.000 |
|
Profit/(Loss)
After Tax |
|
0.287 |
(0.109) |
|
|
|
|
|
|
Total
Expenditure |
|
0.185 |
0.133 |
KEY RATIOS
Arya Leasing Limited
|
PARTICULARS |
|
|
31.03.2002 |
31.03.2001 |
|
PAT / Total Income |
(%) |
|
57.75 |
(454.17) |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
62.58 |
(454.17) |
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|
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|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
44.30 |
(35.74) |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
0.70 |
(0.70) |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
0.58 |
1.31 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
7.56 |
1.24 |
ABRIDGED
BALANCE SHEET
Aryalines Private Limited
|
SOURCES OF
FUNDS |
|
31.03.2003 |
31.03.2002 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1]
Share Capital |
|
0.061 |
0.061 |
|
|
2]
Share Application Money |
|
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4]
(Accumulated Losses) |
|
(1.400) |
(1.399) |
|
|
NETWORTH |
|
(1.339) |
(1.338) |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
0.000 |
0.000 |
|
|
2]
Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED
TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
(1.339) |
(1.338) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS &
ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
0.139 |
0.140 |
|
|
Cash & Bank Balances |
|
|
|
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total Current Assets |
|
0.139 |
0.140 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
1.478 |
1.478 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities |
|
1.478 |
1.478 |
|
|
Net
Current Assets |
|
(1.339) |
(1.338) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
(1.339) |
(1.338) |
|
KEY RATIOS
Aryalines Private Limited
|
PARTICULARS |
|
|
31.03.2003 |
31.03.2002 |
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
(1.10) |
(1.10) |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
0.09 |
0.09 |
LOCAL AGENCY FURTHER INFORMATION
Aryalines
Private Limited
Ship
agents and shipbrokers for all commodities moving in and out India ports and maintain
an excellent report with major Indian exporters, importers as well as both
international chatterers. They successfully concluded the many fixture in the
recent past.
M.
V. Samuda – Mill Scale – Bombay/Phillipines
M
V Xiang Yun – Agriprods – Porbandar/Ho Chi Minh
TRADE
REFERENCES:
v
OCL, Mumbai
v
Juno shipping Private
Limited, Singapore.
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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.46.43 |
|
UK
Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.59.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
- |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
- |
|
--LEVERAGE |
1~10 |
- |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
3 |
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
|
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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability to
overcome financial difficulties seems comparatively below average/normal. |
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 |