MIRA
INFORM REPORT
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Report Date : |
05.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
KMM FREIGHTS SYSTEMS |
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Registered Office : |
No. 1/40 – L, Chakrapani Colony, St. Thomas Mount, Chennai 600016,
Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
14-03-5107 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject is a freight forwarding organization |
RATING &
COMMENTS
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MIRA’s Rating : |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 160000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade relations are fair. Business is active. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. Nothing adverse reported |
LOCATIONS
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Registered Office : |
No. 1/40 – L, Chakrapani Colony, St. Thomas Mount, Chennai 600016,
Tamilnadu, India |
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Tel. No.: |
91-44-22322145/22323158/22315745 |
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Mobile No.: |
91-9656944235 |
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Fax No.: |
91-44-22321323 |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
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Name : |
Mrs. Louis Premalatha |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Subject is a freight forwarding organization |
GENERAL
INFORMATION
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No. of Employees : |
25 |
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Bankers : |
Canara Bank Opposite to Guindy Station, Mount Road, Chennai 600016 |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Ø Gem Cargo |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 40.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 40.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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70.000 |
Expected Sales (2007-08) : Rs.
LOCAL AGENCY
FURTHER INFORMATION
NOTE :
A Proprietorship firm, they have been in business for the past 20
years. Spearheaded by Mrs. Louis Premalatha,
the firm is engaged in International Freight Forwarding and Air and Sea Cargo
consolidating and Customs clearing agents.
Subject is a freight forwarding organization dedicated to the objective
of achieving total customer satisfaction.
Headquartered at Chennai for nearly 2 decades the firm has grown in
strength and has achieved market recognition as a leading provider of efficient
carrier services. Under one roof one
can find effective solutions related to get the best out of ones Import and
Export Shipments by Air, Land or Sea.
They also specialize in International Air and Sea Shipments by Air, Land
or Sea. They also specialize in
International Air and Sea Freight Transportation. The firm also offers Logistics Services. The firm is accredited by International Air
Transport Association. It is also an
active member of Air Cargo Agents Association of India
The office is located in St. Thomas Mount Area. It is near the Kathipara Junction and Jothi
Theater one of the famous theaters in that area. It is about 5 kms. from Guindy railway station and is easily
accessable.
AS PER WEBSITE
DETAILS :
Subject
is one of the upcoming International Freight Forwarding agent, Air Sea Cargo
Consolidators and customs clearing Agents.
They
operate the Following services
- Freight Forwarding (AIR & SEA )
- Door - Door Logistics Services
- Export & Import Consultation
- Customs Broker
- Consolidation of Air / Sea ( Import
& Exports )
- Transportation
- Warehousing
KMM offers its sincere and dedicated service to its customers for the
last 2 decades. The Company has been promoted by her excellence of Smt.
LOUIS PREMALATHA who is trained in the field of Logistics. The
company has been under her leadership with ideal policy to serve the customers with
pleasure.
The services are customerised to the need of their Customers at competitive
prices. They recognize that they are not doing their customer a favor by
serving them. Infact, the customer is doing them a favour by giving the
opportunity to serve them. Their motto is to provide fast, reliable and
economical services to all their customers.
OVERVIEW
Subject
is a freight forwarding organization dedicated to the objective of achieving
total customer satisfaction headquatered at Chennai for nearly 2 decades. KMM
has grown in strength and achieved market recognition as a leading provider of
efficient carrier service. Under one roof, you will find effective solutions
related to get the best out of your import and Export Shipments, by Air, Land
or Sea. Specializing in International Air and Sea freight transportation, the
company is also into logistics services. Accredited by the IATA (International
Air Transport Association) KMM is backed by an expert advisory committee
consisting of qualified professionals from different areas. And, it is also an
Active Member with Air Cargo Agents Association of India (ACAAI).
Today,
their success can be gauged from the fact that it is one of the upcoming
companies in this industry. Their success follows from a single principle of
providing creative solutions backed by high service levels, rendered by
professionals with expertise knowledge in the freight-forwarding business.
MRS. LOUIS PREMALATHA
She
is the founder of KMM FREIGHTS SYSTEMS headquartered at Chennai, While business
is widespread at the dynamic and takes an extensive influence in international
logistics industry and forwarding groups. as the ARCHITECT of the company she
had successfully developed it with basic objectives of Customer's satisfaction.
Here she had remarkably handled a lot of business in the Shipping Industry. She
is well versed in Customs and related Statutory bodies. She has secured name
and fame from Customers, Shipping line and Airlines. She still want to prove
the shipping trade that she is not a stranger and puts strenuous efforts to
make best becoming the better by offering highest level of service. She assures
that "KMM is committed
its future to develop the standard of its customers, sharing the information
you need and satisfying you with the services you demand."
She
says, “They will either find
a way, or make a new way to satisfy the needs of their customers."
SERVICES
KMM
Freights Systems offers a valuable bunch of services required by exporters and importers
alike. KMM provides innovative, efficient and flexible solutions for customers
in Cargo industry by coordinating airfreight globally through all the major
airlines and also offers sea freight with a reliable global container network
through fixed agreements with leading shipping lines. KMM specializes in
offering services like shipping documentation, Customs clearance, Cargo
Insurance, Warehousing, Local distribution as a part of its door-door Logistics
Services like single window advantage. They ensure that the cargos are in the
best hands. their network throughout India can manage and make arrangements for
the Cargo. It includes cargo consultancy, general cargo, valuable cargo,
perishables, pharmaceuticals, garments, stones, etc. Their Services includes:
Experienced
customs clearance specialists at all ports/airports are capable of handling
complex shipments, including break bulk cargo, with ease. KMM's goodwill with
statutory bodies ensures smooth and efficient transactions at all times.
AIR FREIGHTS - IMPORTS / EXPORTS
As
an accredited IATA agent maintaining strong relationships with airlines, KMM
offers:
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Air
freight solutions at competitive rates.
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Customs
documentation prior to shipment will be done.
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Direct
shipments with packing and crating facilities.
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Procedures
relating to airport Authority of India will be handled carefully.
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The
cargos will be tracked til it reaches the destination.
SEA FREIGHTS - IMPORTS / EXPORTS
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Benefits
the customers with Competetive rates.
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Provides
FCL(Full Container Load) and LCL(Less Container Load) services worldwide.
- Economical service at overseas centers.
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Through
their wide network of partners across the globe they ensure easy
Consolidations.
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Effective
Door-Door Services.
With
a network of secure, bonded and non-bonded warehousing facilities across the
country, they can handle complete warehousing and distribution of shipments
safely and efficiently. Independently, they can arrange the cargos in
Containers while keeping the type of requirements fulfilled and also ensuring
most reasonable cost to you. The advantage of House Air Way Bills, Insured
Warehouse facilities close to Airport, Customs Clearance and Vehicles for cargo
movements are its constructive build up. KMM can also arrange for temperature
controlled facilities for storage of perishables like fruits and vegetables, as
well as for bio-medical products. They will also take care of fumigation of
cargos whenever required.
STRENGTH
A
highly motivated and trained team of professionals are supporting operations of
KMM. Having worked closely with all major trade lines worldwide, the company is
fully concerned in all aspects. KMM is having cordial relationship and
excellent rapport with all leading Air Lines, NVOCCS and Government agencies
like Ports and Customs Authorities. It's well versed with the systems and
procedures of the business. The best resources are their people and Associates
both in India and World over Forwarding Agencies, in Europe, far East and USA,
Who are able to make speedy and reliable services enabling us to give
satisfactory services to their customers in India, Who are ever ready to
provide Total solutions in Logistics, Transportation, Warehousing, Customs
Clearance etc.
- Accredited Agent with
International Air Transport Association(IATA)
- Active Member with
Air Cargo Agents Association of India(ACAAI)
- The worldwide network
of agents covering all regions in the world.
- Best working
arrangement with all leading International Airlines & Shipping Liners.
- Professional and
dedicated manpower and also got Secured warehouse facility.
Their
office is equipped with modern telecommunication facilities and utilize fully
computerized environment. All operations of the company are automated by a
customized software package. Online tracking facility is employed to monitor
the movement of the cargo til its destinations. And also, All their operation
staffs at the respective fields are equipped with Mobile phones for
communications at any time, any where. With their communication systems always
online, prompt interaction with customers are assured. And, the company's
excellent relations with trade and statutory bodies ensure that the business is
transacted efficiently and quickly.
KMM
Freights Systems has got the mega Tonner's Award from MALAYSIAN AIRLINES.
And,
It has also got the Best Performer Award, from SINGAPORE AIRLINES.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.43 |
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UK Pound |
1 |
Rs. 81.35 |
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Euro |
1 |
Rs. 57.83 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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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 |
NO |
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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 |
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TOTAL |
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45 |
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
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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