MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ALPHA LOGISTIC SERVICES PRIVATE LIMITED |
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Registered Office : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
22.01.2002 |
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Com. Reg. No.: |
55-113919 |
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CIN No.: [Company
Identification No.] |
U63013DL2002PTC113919 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA15078A |
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PAN No.: [Permanent
Account No.] |
AAECA0494R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Freight Forwarding & Consolidating Agents |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 7000 |
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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 is a well-established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Tel. No.: |
91-11-26488558 |
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Mobile No.: |
91-9810215551 |
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Fax No.: |
91-11-26488256 |
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E-Mail : |
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Website : |
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Head Office : |
K-64A, Kalkaji, |
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Tel. No.: |
91-11-26488356 / 57 / 41629910 / 26425601 |
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Fax No.: |
91-11-26488258 |
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Branches : |
Located at :
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DIRECTORS
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Name : |
Mr. Puneet Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
25.05.1970 |
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Date of Appointment : |
22.01.2002 |
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Name : |
Ms. Ambika Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
23.06.1969 |
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Date of Appointment : |
22.01.2002 |
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Name : |
Ms. Bimla Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
22.11.1945 |
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Date of Appointment : |
22.01.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Puneet Sharma |
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40100 |
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Ms. Ambika Sharma |
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100 |
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Ms. Bimla Sharma |
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100 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Directors of relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Freight Forwarding & Consolidating Agents |
GENERAL INFORMATION
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Bankers : |
Canara Bank,
Maharani Bagh, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Antima and Goel Chartered Accountants |
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Address : |
A – 6, Defence Colony, |
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E-Mail : |
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Memberships : |
Federation of Freight Forwarding Association in |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
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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40,300 |
Equity Shares |
Rs. 10/-each |
Rs. 0.403
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.403 |
0.403 |
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2] Share Application Money |
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0.500 |
0.000 |
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3] Reserves & Surplus |
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0.937 |
0.666 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.840 |
1.069 |
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LOAN FUNDS |
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1] Secured Loans |
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1.380 |
1.297 |
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2] Unsecured Loans |
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2.124 |
1.913 |
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TOTAL BORROWING |
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3.504 |
3.210 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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5.344 |
4.279 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.703 |
0.643 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.395 |
0.395 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Sundry Debtors |
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4.202 |
3.173 |
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Cash & Bank Balances |
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0.863 |
0.068 |
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Other Current Assets |
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0.336 |
0.363 |
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Total
Current Assets |
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5.401 |
3.604 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.989 |
0.108 |
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Provisions |
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0.171 |
0.265 |
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Total
Current Liabilities |
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1.160 |
0.373 |
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Net Current Assets |
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4.241 |
3.231 |
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MISCELLANEOUS EXPENSES |
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0.005 |
0.010 |
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TOTAL |
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5.344 |
4.279 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover [Estimated] |
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4.000 |
3.000 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.53 |
3.35 |
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Current Ratio (Current Asset/Current Liability) |
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4.66 |
9.66 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
ALPHA LOGISTIC
SERVICES PRIVATE LIMITED |
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Presented By |
Canara Bank |
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1) Date and description of instrument creating the change |
Agreement Re :
Advance against Book debts a Prime Security dated 17.02.2004 and registered
on 10.03.2004 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 1.000 Million |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge on
all the Borrower’s present and future Book debts, outstanding moneys,
receivable claims, bills which are now due and owing or say at any time
hereafter during the continuance of this security become due and owing to the
borrower in the course of its business by any person, firm, company or by the
Government or any local or public body or authority. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to
secure OD limit of Rs. 1.000 Million with interest @ 3.3 % over ongoing PLR with
a minimum of 14.05 % p.a. with monthly rest or at such other rates as may be
specified by the Bank form time to time. |
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5) Name and Address and description of the person entitled to the charge. |
Canara Bank,
Maharani Bagh, |
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6) Date and brief description of instrument modifying the charge |
Supplemental
agreement dated 07.03.2005 |
AS PER WEBSITE
Subject has been running their business
since 1995 under the dynamic leadership of Mr. PUNEET SHARMA. With his vast experience
gained by working with CONCOR and shipping lines like TATA NYK, he has put them
on a platform where they have developed a branch network catering to shippers
of North and
Aimed at providing one-window solutions to
all logistic needs with complete customer satisfaction, for over a decade now
they have successfully evolved to meet the challenges of the dynamic market
scenario, continuously capturing business opportunities. The principle of
providing complete customer satisfaction through highest quality standards of
services, reflects in their long list of satisfied customers. To keep a finger
on the market pulse using the state of art technology, and equipped with
experienced (dedicated) personnel, they aim at providing diversified services
that are specially designed to give their customers a competitive edge in the
international market place.
SERVICES
They constantly thrive to provide their customers
varied logistic solutions under one roof.
Some of their specialized services are:
- Pre and Post
shipment documentations
- Freight
forwarding and consolidation of Cargo
- In House
Transportation of Export-Import cargo
- Warehousing
facilities
- Follow up
with DGFT and other related departments
- Tracking of
Cargo
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.40.33 |
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1 |
Rs.82.63 |
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Euro |
1 |
Rs.55.65 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
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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36 |
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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