MIRA
INFORM REPORT
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Report Date : |
08.10.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Plot No. 9, Sai Nagar Housing Society, Dindoli Gram, Udhna, Surat –
394210, Gujarat |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2005 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject Offers the following Services: Relocation Services, Packing / Wrapping
services, Car Carries and Unpacking services. |
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 4000 |
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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 small service provider of packers and movers. Trade relations
are fair. Payments are usually correct and as per commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No. 9, Sai Nagar Housing Society, Dindoli Gram, Udhna, Surat –
394210, Gujarat, India |
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Tel. No.: |
91-261-2281572 |
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Mobile No.: |
91-9426108837 |
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Fax No.: |
91-261-2747433 |
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E-Mail : |
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Area : |
480sq.fts |
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Location : |
Owned |
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Head Office : |
Room No.3, Maruti Mandir Compound, B/H |
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Tel. No.: |
91-022-32586672 |
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Fax No.: |
91-9324268573 |
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09 Sai Nagar So. Dindoli Udhana-394210, |
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Tel No.: |
261-2281572 |
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Mobile No.: |
9426108837 |
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Bharuch Office : |
NR, |
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Tel No.: |
02642-227722 |
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Mobile No.: |
9824712302 |
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19, Rajiv Ngr NR. Airport, |
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Tel No.: |
265-3201299 |
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Mobile No.: |
9374549212 |
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Ahmedabad
Office: |
NH No. 08, NR TCI Narol, Ahmedabad |
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Mobile No.: |
9427709998 |
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06 Rajcomplex Opp. RIL Medical, |
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Mobile No.: |
9924028753 |
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NR HLL Co. TPT Nagar, |
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Mobile No.: |
9879959164 |
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Gandhidham
Office : |
NR, TCI House TPT Nagar, Gandhidham |
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Mobile No.: |
9375310473 |
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Mobile No.: |
9356489706 |
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Vizag Office |
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Mobile No.: |
9339653379 |
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TPT Nagar Kukatpalli, |
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Mobile No.: |
9392385691 |
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Mobile No.: |
9344608451 |
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NR Lal Bagh Rajaji Nagar, |
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Mobile No.: |
9844135937 |
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Chennai Office : |
TPT Nagar Madhavaram, Chennai |
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Mobile No.: |
9382683800 |
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Transport Nagar Mahipalpur, |
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Mobile No.: |
9871787856 |
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Pune Office : |
NR, Nigadi Naka TPT Nagar, Pune |
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Mobile No.: |
9324945524 |
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Vapi Office |
NH 08, Vapi Char Rasta, Vapi |
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Mobile No.: |
9427709998 |
SOLE PROPRIETOR
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Name : |
Mr. R.K. Chaudhary |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 years |
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Qualification : |
Under Graduate |
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Experience : |
12 years |
BUSINESS DETAILS
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Line of Business : |
Subject Offers the following Services: Relocation Services, Packing /
Wrapping services, Car Carries and Unpacking services. |
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Services : |
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Terms : |
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Services
Provided on : |
Cash and Cheque |
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GENERAL INFORMATION
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Customers : |
End Users, Industries and Banks |
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No. of Employees : |
12 ( |
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Bankers : |
ł
HDFC ł
ICICI ł
State Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Upadhyaya Chartered Accountants |
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Associates/Subsidiaries : |
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Associated Packers and Movers Address: Activity: Subject Offers the following Services: Relocation Services,
Packing / Wrapping services, Car Carries and Unpacking services ˛
Best Packers and Movers Address: Activity: Subject Offers the following Services: Relocation Services,
Packing / Wrapping services, Car Carries and Unpacking services |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 million |
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Borrowed : |
-- |
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Total : |
Rs.1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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2.100 |
1.800 |
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Expected Sales (2007-08) : Rs.2.500 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
˛
Reliance
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SR
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ONGC
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IPCL
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Birla Kopper
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Banks
As Per Web Details
Company Profile:
The concern is a renowned Packing and Forwarding
Agent. At their concern, they offer the most competitive rates, to and from all
destinations. They offer efficient domestic goods transportation services,
moving and relocation services with their fleet of trucks, containers, etc. The
transparency of their business operations together with the strength and
experience of their management team communicates assurance, strength and
stability to their clients and business partners.
Their competency, loyalty & resourcefulness
to satisfy their customers have earned them customers' much needed confidence
which in turn boosts them to elevate the standard of excellence. They provide
the best of professional services with a personal touch. The size of the
movement or the distance of the transfer does not pose any problem. It is the
satisfaction of their clients at the end of the transfer which is their utmost
concern.
Their Services
The concern is a specialist in professional
Relocation Services, Packing/Wrapping Services, Car Carriers & Unpacking
Services. In addition to this, they also offer Transportation Services and
Freight Forwarding Services transmitting goods
from one place to another within the country with an assurance of total safety.
They have successfully earned an eminence in the market on the basis of
ingenuity in services provided by them.
Quality Assurance
Their organization strives to deliver
perfection in everything they perform. Their quality services match the
international standards, as they believe in maintaining long term business
relationship with their customers. What separates them from other movers and
packers is their unique combination of category experience and personal
services. They meet all the standards of perfection while handling the goods,
and packing and moving during the transportation process at the most affordable
rates from all destinations.
Infrastructure
Their team consists of a well experienced
and trained staff, supported by a fully computerized documentation and
interaction, armed with the latest communication equipment. They offer tailor
made services to suit the needs of every customer. Their employees are
specially trained to understand the requirement of every single client. This
empowers them to offer services as desired.
Their Competitive Edge
They promptly arrange facilities for
destination services. Sufficient warehouse space to transit your goods,
preferential allotment of space and exclusive rates for certain types of
packers on certain destinations are some of the other value added services that
are provided by them to their esteemed clients.
Clients
They do much more than just delivering the
goods. That is the reason, why this establishment is counted among the most
reliable players in their sphere of operation. They are recognized by a growing
long list of clients in the industry, and inspired by their success, they
intend to expand ourselves further.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.49 |
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1 |
Rs.80.41 |
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Euro |
1 |
Rs.55.76 |
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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