MIRA
INFORM REPORT
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Report Date : |
22.10.2007 |
IDENTIFICATION DETAILS
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Name : |
UNITED PARCEL EXPRESS |
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Registered Office : |
84, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Logistic 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 12000 |
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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 concern having satisfactory track. Proprietor is reported as experienced and
respectable businessman. Trade relations
are reported as fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions |
LOCATIONS
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Registered Office : |
84, |
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Tel. No.: |
91-11-41687866 / 41687688 / 41687699 |
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Mobile No.: |
91-9810221451 / 9899909991 / 9899909991 |
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Fax No.: |
91-11-41687681 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. fts. |
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Location : |
Owned |
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Branches : |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Anurag Sharma |
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Designation : |
Proprietor (Chief Executive Officer) |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Logistic Services |
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Products : |
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Exports : |
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Products : |
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Countries : |
All over the world |
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Imports : |
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Products : |
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Countries : |
All over the world |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Working for Export Houses and Leading Manufacturers |
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Customers : |
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No. of Employees : |
47 |
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Bankers : |
Karur Vyasa,Sant Nagar, |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 Millions |
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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22.000 |
20.000 |
Expected Sales (2007-08) : Rs. 25.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Products
- Upex Domestic : Domestic Door To Door Deliveries
- Upex International : International Door To Door Deliveries
- Warehousing And Storage Of Export And Import Cargo
- Consolidation Of Air And Sea Export Cargo
- Custom Clearance
- International Courier Services
- Domestic Courier Service
- Domestic Airfreight
- Trucking
Network and Agents
Jalandhar
Panipat
Banned Items :
Courier companies are forbidden from carrying following items :
- Alcohol
- Animals and
Animal Products
- Bullion
- Cashiers
Cheque
- Currency
- Drugs
- Explosives
- Fire Arms
- Jewellery
- Liquor
- Money Orders
- Precious
Metals
- Plants
- Perishables
- Stamps
- Travellers
Cheques
- Industrial
Carbon
- Diamonds
- Negotiable
Documents in bearer form
- Obscene and
Pornographic materials
- IATA
restricted articals
Company profile
Subject is an emerging, dynamic organization having excellent track record
in Sea Cargo, as Air Cargo Agent, Clearing and Forwarding, Freight Forwarders
& Brokers and Shipping Agents. In 2004, they started as service providers
of a wide range of activities including handing Export Air Cargo through
various national and International Airports located in
Product range
They are the reputed service providers of a wide range of service
related activities including:
- Sea Cargo
- Air Cargo
Agent
- Clearing and
Forwarding
- Freight
Forwarders & Brokers and
- Shipping
Agents
Distribution
network
United Parcel Express have developed a worldwide agents network in
countries like United States of America, United Kingdom, Singapore, China,
Spain, Italy, France, Germany and Canada.
Business Volumes
Their company is handling exports of all type of commodities such as
Garments, Brass Artworks, Handicrafts, Auto Parts, Carpets, Rugs etc. This year
they are including handling and dispatching of their bulk export business to
various destinations of the world.
Customer care
United Parcel Express has developed long lasting business relationship
with its customers as well as with all the cargo carriers such as FEDEX, DHL,
TNT, ARAMEX and all international and domestic Airlines. They are reputed for
maintaining excellent relations with all their customers and serving them with
a high level of quality service.
Service Quality
Their company is admired by their esteemed clients for providing
international standard quality services. Being headed by personnel having
immense knowledge, understanding and reputation, they have managed to reach
worldwide destinations through excellent overseas agent network. A superior
quality control mechanism at theirs include facilities such as providing 'all
in' service from door to door. This helps in the arrival of a wide array of
products in an excellent condition in the hands of their valued customers. They
have also included time bound deliveries for their services winning them an all
round admiration from their clients.
Company infrastructure
Being the service providers of a wide array of service related
activities as Sea Cargo, as Air Cargo Agent, Clearing and Forwarding, Freight
Forwarders & Brokers and Shipping Agents they have ensured hiring the
services of top notch professionals in this field. Only highly-qualified
personnel are hired by their company who are well-experienced in the department
of communication. Their years of solid experience backed by their quite
talented workforce has helped them to provide excellent service standards.
Their company's motto and future lies in providing best freight rates,
reliability of services and maximum satisfaction to their valuable clients at
all times to come.
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. 39.79 |
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1 |
Rs. 81.41 |
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Euro |
1 |
Rs. 56.87 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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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