MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADITYA PACKERS AND MOVERS |
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Registered Office : |
Gala No.1, Mulundsar Society, Shiv Shakti Nagar, Opposite Shanti Complex,
Sakivihar Road, L and T Gate No.7, Powai, Andheri (East), Navi Mumbai –
400708, Maharashtra |
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Country : |
India |
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Year of Establishment : |
1998 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject is engaged in providing services such as warehousing services,
goods storage service and more like transportation services, loading and
unloading services, local shifting services, office relocation services,
escorts services. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Comments : |
Mr. S. K. Joshi denied to part with any details as he is not
interested in TRUSTSEAL. He claims to have conveyed to India Mart, a month
ago. Secondary and indirect sources could not help in the matter. In absence of financial and business details, it would be difficult to
opine about subject’s financial stages and credibility. In view of the aforesaid, we have recommended the concern on safe and
secured trade terms and conditions, only. |
INFORMATION
DECLINED BY
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Name : |
Mr. S. K. Joshi |
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Contact No.: |
9920016600 |
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Date : |
13.08.2008 |
LOCATIONS
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Registered Office : |
Gala No.1, Mulundsar Society, Shiv Shakti Nagar, Opposite Shanti
Complex, Sakivihar Road, L and T Gate No.7, Powai, Andheri (East), Navi Mumbai
– 400708, Maharashtra, India |
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Tel. No.: |
91-22-22970332 |
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Mobile No.: |
91-9920016600 |
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Fax No.: |
91-22-22970332 |
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E-Mail : |
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Website : |
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Branch Office : |
10/21,Siddhivinayak Park, Near Yash Paradise,Sec-8A, Airoli, Mumbai - 400708, Maharashtra, India |
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Tel. No.: |
91-22-32542466 |
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Fax No.: |
91-22-22970332 |
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Mobile No.: |
91-9321330008/ 9920016600 |
SOLE PROPRIETOR
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Name : |
Mr. S. K. Joshi |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing services such as warehousing services,
goods storage service and more like transportation services, loading and
unloading services, local shifting services, office relocation services,
escorts services. |
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Products : |
Products/
Services
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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No. of Employees : |
6 (Temporary workers as per need) |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Aditya Carrying Corporation |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not divulged |
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Borrowed : |
Not divulged |
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Total : |
Not divulged |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Divulged
LOCAL AGENCY
FURTHER INFORMATION
Website Details:
Profile:
Subject an eminent Indian goods relocation services provider, started serving its customers in 1998, when it commenced as Transport Management Service (TMS) provider. Located in Mumbai, Company since its inception, has leaped great heights in the past 10 years under the firm leadership of Mr. S K Joshi, with its growing pool of resources and widening network of branch offices booming a surge of goods relocation services throughout the remotest corners of the country.
Subject with its intensively designed structure and policies, has ensured safe, and reliable transportation of client valuables through locations across the country. The Indian goods relocation company offers a wholesome range of services like household goods relocation services, office relocation services, corporate packer mover services, car transportation services, and warehousing services to name a few.
Subject has employed a team of well trained domain specialists for activities
as wide and intricate as packing, loading, transportation, unloading,
unpacking, warehousing, rearrangement, and car carrier services. Also, to
ensure the utmost safety of their customer's goods, the company provides
effective packaging material free of cost which include barrels, cotton
cushions, corrugated boxes, cartons, hessian cloth, jute, metal or plastic
drums, metal boxes, multi walled containers, pallets, paper tubes, plywood
boxes, bubble sheets, andwooden crates etc.
To move two wheelers and four wheelers throughout the corners, Company has
employed a number of trailers, semi trailers, and containerized vehicles driven
by licensed and experienced operators which ensure swift and reliable car
transportation services. Moreover, the company also offers a range of insurance
schemes which are optional and can be availed on will to insure accidental
damages as the terms and conditions apply.
The superior services and transparent features offered by compoany have made
them the very first choice among customers.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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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