MIRA
INFORM REPORT
|
Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
GRACE WORLDWIDE SHIPPING |
|
|
|
|
Registered Office : |
No. 1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
-- |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Freight Forwarding |
RATING & COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
-- |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
Subject concern will be established somewhere around September 2007. It would be started by GRACE TRAVELS. The details in this report pertains to GRACE TRAVELS. Subject concern can be ignored for any business dealings at the
moments. |
LOCATIONS
|
Registered Office : |
No. 1, |
|
Tel. No.: |
91-240-4905544 |
|
Mobile No.: |
91-9486474917 |
|
E-Mail : |
|
|
Area : |
800 sq. ft. [Rented] |
|
|
|
|
Branches : |
108, Annapoorna Layout, New Sidhapudur, |
|
Area : |
900 sq. fts [Rented] |
PARTNERS
|
Name : |
Mr. N. Mani Machimuthu - NRI
[United State of |
|
Designation : |
Partner |
|
Date of Birth/Age : |
57 Years |
|
Qualification : |
Post Graduation |
|
|
|
|
Name : |
Mr. K. Ravi Nasan |
|
Designation : |
Partner |
|
Address : |
108, Annapoorna Layout, New Sidhapudur, |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
B. A. Literature |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Mr. Esesher Rani - NRI [United State of |
|
Designation : |
Partner |
|
Date of Birth/Age : |
30 Years |
|
|
|
|
Name : |
Mr. Madhi Alagan - NRI [United State of |
|
Designation : |
Partner |
|
Date of Birth/Age : |
42 Years |
|
|
|
|
Name : |
Mrs. Selvi Rani - NRI [United
State of |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Freight Forwarding |
|
|
|
|
Agencies Held : |
Amber Worldwide – |
GENERAL INFORMATION
|
No. of Employees : |
1 |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2007 |
|
Sales Turnover |
|
|
Nil |
LOCAL AGENCY FURTHER INFORMATION
At present the office is located in Tirupur, No – 1, Mariamman Koil Street, Karpagam Complex, Avinashi Road, Tirupur, in the name of GRACE TRAVELS .
The company is running in the name of GRACE TRAVELS. The New
Company is to be started in the name of GRACE WORLDWIDE SHIPPING. During the year 2007,
September. The office is Rented at Tirupir, even the residence of Mr. Ravi
Nasan a
As soon as the NRI comes to
The Company has got an approval from AMBER WORLDWIDE - U.S.A. Freight Forwarding.
The partner for GRACE WORLDWIDE SHIPPING - 5 Persons as Mentioned in the above report sir.
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.40.37 |
|
|
1 |
Rs.82.18 |
|
Euro |
1 |
Rs.55.67 |
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 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|