MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SATKAR LOGISTICS PRIVATE LIMITED |
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Registered Office : |
B-72, IInd Floor Rohit House,
Vishkarma Colony, |
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Country : |
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Date of Incorporation : |
18.07.2005 |
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Com. Reg. No.: |
55-138779 |
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CIN No.: [Company
Identification No.] |
U00739DL2005PTC138779 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS28303C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in the business of Custom
Broking, International
Freight forwarding and related services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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/normal. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject seems to be a well established and reputed company. Company’s financials
are missing with the Government Departments and the management failed to
update with latest financials despite several follow-ups. Payments are reported to be usually correct and as per commitments as
per Market Sources. The company can be considered for small business dealings at usual
trade terms and conditions, initially in view of non-availability of
financials. |
LOCATIONS
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Registered Office : |
B-72, IInd Floor Rohit House,
Vishkarma Colony, Tughlakabad M.B. Road,
New Delhi-110044, India |
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Tel. No.: |
91-11– 26365423 / 26365424 / 26364425 /41802480 / 81 / 82 / 41802484 |
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Fax No.: |
91-11- 41802484 / 26364425 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. [Owned] |
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Factory : |
C-131 ,
Flatted Factory Complex, Okhla PH- Ill, New Delhi-110020, |
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Tel. No.: |
91-11 –
41802480 / 81 / 82/ 41802484/ 26365423/ 24 |
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Mobile No.: |
91-9810676745 |
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Fax No.: |
91-11 –
41802484/ 26364425 |
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E-Mail : |
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Area : |
600 sq. ft. [Owned] |
DIRECTORS
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Name : |
Mr. Aman Preet Singh |
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Designation : |
Director |
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Address : |
E-134, 2nd Floor, Kalkaji, New Delhi-110019 |
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Date of Birth/Age : |
04.09.1981 |
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Qualification : |
Graduate |
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Experience : |
5 Years |
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Date of Appointment : |
18.09.2005 |
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Name : |
Mr. Jasbir Singh |
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Designation : |
Director |
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Address : |
K-15A, 1st Floor, Kailash Colony, New Delhi-110048 |
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Date of Birth/Age : |
10.07.1956 |
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Qualification : |
Graduate |
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Experience : |
20-22 Years |
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Date of Appointment : |
18.09.2005 |
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Name : |
Mr. Hardeep Singh |
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Designation : |
Director |
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Date of Birth/Age : |
23 Years |
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Qualification : |
Graduate |
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Name : |
Mr. Gurmeetn Singh Khurana |
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Designation : |
Director |
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Address : |
J-9/23, |
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Date of Birth/Age : |
17.03.1988 |
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Date of Appointment : |
30.05.2007 |
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Name : |
Mr. Jagdee Singh |
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Designation : |
Director |
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Address : |
A-34, |
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Date of Birth/Age : |
12.05.1972 |
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Date of Appointment : |
18.09.2005 |
KEY EXECUTIVES
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Name : |
Mr. Amrit Kumar |
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Designation : |
Chief Executive Officer [Sales Department] |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Jasbir Singh |
5000 |
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Mr. Aman Preet Singh |
5000 |
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Mr. Jagdee Singh |
5000 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Custom
Broking, International
Freight forwarding and related services. |
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Service Offered : |
International Freight Forwarding Custom Clearance Transportation Logistics Clearing And Forwarding Services Shipping and Cargo Services |
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Terms : |
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Purchasing : |
Through D.D. and Cheques |
GENERAL INFORMATION
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No. of Employees : |
25 |
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Bankers : |
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Facilities : |
Concern enjoys Over Draft facility from Centurion Bank of |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
BAWA IMPEX Address : B-72, IInd
Floor Rohit House, Vishkarma Colony, Line of Business : Import of goods [Soft Drinks] TRANSTIX Address : B-72,
IInd Floor Rohit House, Vishkarma Colony,
Line of Business : Subject is engaged in the business of Custom
Broking, International
Freight forwarding and related services. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.150 Million |
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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Above 30.000 |
Expected Sales (2007-08) : Rs. 40.000 Millions
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES
- DCNK, Karnal
- KAIL, Karnal
- ACJK,
Subject provides services to countries like Europe,
The subject offers an array of services such as international freight
forwarding, custom clearance, transportation, logistics, clearing and
forwarding, shipping and many other services.
AS PER WEBSITE
Subject is one
of the fastest emerging entities in the arena of Custom Broking, International
Freight forwarding and related services. The company has made a mark for
itself due to the precision and superior quality of its services.
Subject now covers entire gamut of activities in the
Multimodal Transportation & Logistics sector. All the services are carried out by the professionals
specially trained in their area of operations.
TRANSPORTATION
They are equipped with a modern fleet of 20 ft. and 40 ft.
trailors to deliver the goods with care and efficiency. Their responsive squad
of well trained and experienced drivers provides fast turn around facilities.
They handle both the export and import of shipments.
CUSTOM CLEARANCE SERVICES
Their customers get more value for money since their customs
clearance agents also handle the customs
broking, documentation
and inland clearance, offering
hassle free customs clearance services. Combining professional skills,
innovative techniques and the resolution to excel, they endeavor to achieve
total customer satisfaction by offering quality custom clearance services.
FREIGHT FORWARDING (SEA & AIR)
They have a good reputation with leading Shipping lines operating Indian ports
and are competent to negotiate the least possible ocean freight.
CONTAINERIZED AND BREAK-BULK
They have their network spread all across the nation not
only are they providing services from Delhi but they also have associates in
Kandla & Vishakhapatnam which are fully operational and are handling all
sorts of Containerized and BREAK BULK shipments.
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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Indian Rupees |
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US Dollar |
1 |
Rs.40.40 |
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1 |
Rs.82.93 |
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Euro |
1 |
Rs.55.81 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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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27 |
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/normal. |
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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