MIRA
INFORM REPORT
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Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
FLYJAC LOGISTICS PRIVATE LIMITED |
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Formerly Known As : |
FLYJAC LOGISTICS |
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Registered Office : |
Ashok Vatika,
Vaibhav Apartments, First Floor, Sahar Pipe Line Road, Sahar, Andheri (East),
Mumbai-400099, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
27.03.2008 |
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Com. Reg. No.: |
11-180548 |
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CIN No.: [Company
Identification No.] |
U63000MH2008PTC180548 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject acts as shipping,
freight forwarding agents and offers logistics services |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
The company took over erstwhile partnership concern and awaited Rs. 250
millions worth of shares to partners in consideration. Subject is doing well and it’s first financials has not yet, out. It’s estimated services revenue can be + Rs. 2500 millions (2007-08)
and expected + Rs. 5000 millions in 2008-2009. Directors are reported as experienced, respectable and resourceful
businessmen. Their trade relations are fair. The company can be considered good for any normal business dealings at
usual trade terms and conditions. |
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INFORMATION PARTED
BY
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Name : |
Mr. Vinod Warier |
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Designation : |
Import Manager |
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Date : |
14.05.2008 |
LOCATIONS
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Registered Office/ Head Office : |
Ashok Vatika,
Vaibhav Apartments, First Floor, Sahar Pipe Line Road, Sahar, Andheri (East),
Mumbai-400099, Maharashtra, India |
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Tel. No.: |
91-22-28322103 /
28329758 / 28371267 / 28362150 |
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Fax No.: |
91-22-28366609 /
28362563 |
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E-Mail : |
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Website : |
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Area : |
3500 Sq.fts |
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Location : |
Owned |
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Air / Ocean
Import Office: |
Vaibhav
Apartments, Sahar Pipe line Road, Sahar, Andheri (East), Mumbai-400099,
Maharashtra, India |
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Tel. No.: |
91-22-28322103 /
28329758 / 28371267 |
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Fax No.: |
91-22-28366609 /
28362563 |
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E-Mail : |
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Website : |
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Air / Ocean
Export & Clearance Office: |
102, Awas Apartments,
Sahar Pipe line Road, Sahar, Andheri (East), Mumbai-400099, Maharashtra,
India |
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Tel. No.: |
91-22-28315494/97/28306244/45/47 |
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Fax No.: |
91-22-28315512 |
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E-Mail : |
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BRANCHES: |
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Address: |
No. 3, Davidson
Street, 1st Floor, Off Broadway, Chennai-600001, Tamilnadu, India |
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Tel. No.: |
91-44-25234009 (5
lines) |
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Fax No.: |
91-44-252222401/25261536 |
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E-Mail: |
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Contact
Person: |
Mr. Ravikumar,
Mr. Ramdass, Mr. Unni, Mr. Sethu |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
Jay Towers, Office
No. 22/23, Kalbhor Nagar, Chinchwad, Pune-411019, Maharashtra, India |
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Tel. No.: |
9520-27489715 |
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Fax No.: |
9520-27485969 |
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E-Mail: |
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Contact
Person: |
Mr. Jayesh Vora |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
20/11E, Roche
Colony, Second Street, Tuticorin-628001, Tamilnadu, India |
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Tel. No.: |
91-461-2329874/75/2326460 |
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Fax No.: |
91-461-2323499 |
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E-Mail: |
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Contact
Person: |
Mr. Renjith
Thomas, Mr. Harikumar |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
2A, Shivam
Society, Near Chani Jakat Naka, Vadodara-390002, Gujarat, India |
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Tel. No.: |
91-265-2761774 |
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Fax No.: |
91-265-2774244 |
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E-Mail: |
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Contact
Person: |
Mr. J D Shah |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
3A, Mezzanine
Floor, Rippon Street, Kolkatta-700016, West Bengal, India |
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Tel. No.: |
91-33-22160403/22295874/22295890 |
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Fax No.: |
91-33-22469584 |
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E-Mail: |
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Contact
Person: |
Mr. A Rajesh, Mr.
Mahesh |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
210, Sakar V, Behind
Natraj Cinema, Ashram Road, Ahmedabad-380009, Gujarat, India |
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Tel. No.: |
91-79-26584101/6586554 |
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Fax No.: |
91-79-26586961 |
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E-Mail: |
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Contact
Person: |
Mr. Minesh Oza |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
414, Connection
Point, Next to MSIL Cargo Complex, Airport Road, Bangalora-560017, Karnataka,
India |
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Tel. No.: |
91-80-5228047/49/50/5225048 |
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Fax No.: |
91-80-5229643 |
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E-Mail: |
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Contact
Person: |
Wg. Cdr. Shankar |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
Door Nn. 8,
Kerithika Apartment, Near AEPC, Indira Nagar, Tirupur-5660003, India |
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Tel. No.: |
91-421-2244716/2208641/2208207 |
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Fax No.: |
91-421-2245982 |
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E-Mail: |
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Contact
Person: |
Mr. Suresh |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
516/517, Vishal
Towers, 10, District Centre, Janakpuri, New Delhi-110058, India |
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Tel. No.: |
91-11-25502731/25502750/25528992 |
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Fax No.: |
91-11-25526004 |
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E-Mail: |
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Contact
Person: |
Mr. Manoj Kumar,
Venkat, Mr. Rajesth A, Mr. Srijit, Mr. Sanjeev (Branch Manager) |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
306, 3rd
Floor, Jabbar Building, Beside Shoppers Stop, Begumpet, Hyderabad-500016,
Andhra Pradesh, India |
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Tel. No.: |
91-40-27765687 |
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Fax No.: |
91-40-27761671 |
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E-Mail: |
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Contact
Person: |
Mr. Krishna Rao |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
Peirce Leslie
Building, B. Ristow Road, Willingdon Island, Cochin-682003, Kerela, India |
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Tel. No.: |
91-484-2669896/2669905 |
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Fax No.: |
91-484-2668787 |
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E-Mail: |
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Contact
Person: |
Mr. Ajit Kumar |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
Laksh Jyot Complex
Housing Society, II Floor, Flat No. 3, Near Rebello Hotel, Vasco-403802, Goa,
India |
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Tel. No.: |
91-832-2516006/2517266 |
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Fax No.: |
91-832/2501528 |
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E-Mail: |
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Contact
Person: |
Mr. D Manojkumar |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
B-8, Pelican
Park, Plot No. 87A, N-3, Cidco, Aurangabad-431003, Maharashtra, India |
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Tel. No.: |
91-240-2476591 |
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Mobile No.: |
91-9823054070 |
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E-Mail: |
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Contact
Person: |
Mr. Sundaresan. E |
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Area : |
7000 Sq.ft |
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Location : |
Owned |
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Address: |
203, Manan Complex, Opposite Dhara Hospital, Gotri Road, Baroda 390
021, Gujarat, India |
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Tel. No.: |
91-265 2356948 |
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Mobile No.: |
91-9879114622 |
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E-Mail: |
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Address: |
23-A, Royd Street,
Room: 103, 1st Floor,Calcutta-700 016, West Bengal, India |
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Tel. No.: |
91-33-2229 5874/5890,2227 0881/82 |
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Fax No.: |
91-33-2246 9584 |
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E-Mail: |
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Contact
Person: |
Mr. K.J. Mahesh, Branch Manager |
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Address: |
11, Easwaran Nagar, First Floor, State Bank Colony, Gandhi Nagar P.O., Tirupur-641 603 , India |
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Tel. No.: |
91-421 248 2659/60/61 |
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Fax No.: |
91-421 247 6562 |
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E-Mail: |
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Contact
Person: |
Mr. Sethumadhavan, Branch In Charge |
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Address: |
24/508 TMMC Building,
G.V. Iyer Road, Willingdon Islands, Cochin - 3 , India |
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Tel. No.: |
91-484 3018711 To 16 |
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Fax No.: |
91-484 3018717 |
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E-Mail: |
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Contact
Person: |
Mr. Harikumar, Branch Manager |
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Address: |
Plot No. 175, House No. 10-3-56/4, East Marredpally, Secundarabad - 500046 , India |
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E-Mail: |
Fjlhyd@Flyjac.Com |
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Contact
Person: |
Mr. Mathew Jacob, Branch Manager |
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Address: |
Tenement No.67, Hig, Shraddha Colony, Opp. Nandlal Dhoot Hospital, N-2, Cidco, New Aurangabad-431 210 , India |
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Tel. No.: |
91-240-2476111 |
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E-Mail: |
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Contact
Person: |
Mr. Ramanlal G. Jaiswal, Branch In Charge |
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Address: |
Visava Bungalow, 680/2b/2 Subash Chandra Nagar , 3rd Cross, R.C. Nagar Extension, Belgaum 590 006 , India |
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Mobile No.: |
91-9986918015 |
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E-Mail: |
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Contact
Person: |
Mr. Vinod C. Naik, Branch In Charge |
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Address: |
210, Sakar V. , Behind Natraj Cinema, Ashram Road, Ahmedabad 380 009 , India |
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Tel. No.: |
91-79-2658 4101/2658 6554 |
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Fax No.: |
91-79-2658 6961 |
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E-Mail: |
Fjlamd@Flyjac.Com |
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Contact
Person: |
Mr.Minesh Oza, Branch Manager |
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Address: |
401, 4th Floor, Sapphire Square , Tower Chaurahha, Above Canara, Bank, Indore (Mp) 452 001, India |
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Tel. No.: |
91-731-2460600 |
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Mobile No.: |
91-9827080801 |
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E-Mail: |
Fjlind@Flyjac.Com |
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Contact
Person: |
Mr. Manish Jaiswal, Branch In Charge |
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Address: |
4, West View Apartments, Near Donde Bridge, Untawadi, Nasik , India |
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Tel. No.: |
91-253-2370903 |
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Mobile No.: |
91-9326180355 |
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E-Mail: |
Csthuse@Rediffmail.Com |
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Contact
Person: |
Mr. Chaitanya S. Thuse |
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Address: |
No-1, 11 Cross , Motilal Nagar, Moolakumam, Ponducherry-605010 , India |
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Mobile No.: |
91-98419 08802 |
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E-Mail: |
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Contact
Person: |
Mr. Shivaraj Kumar |
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Address: |
1st Floor, Door No. 1140 , Opp. Indo Shell Tvs Showroom , Chungam, Trichy Road, Coimbatore -641 045, India |
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Tel. No.: |
91-422-2319217 |
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Fax No.: |
91-422-2319347 |
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E-Mail: |
Vadivel.Cbe@Flyjac.Com |
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Contact
Person: |
Mr. Vadivel, Branch In Charge |
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Address: |
Plot 1 32, Ward 12/B, Near Jain Temple, Gandhidham (Kutch) 370 201, Kandla , India |
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Mobile No.: |
91-94269 65510 |
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Contact
Person: |
Mr. Sunil Nahata, Branch In Charge |
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Address: |
No.483, Ennar Plaza, Industrial Suburb, Near Sterling Theatre, Mysore 5700 008 , India |
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Tel. No.: |
91-821-4242412 |
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Mobile No.: |
91-9886794768 |
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E-Mail: |
Hidayathulla.Blr@Flyjac.Com |
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Contact
Person: |
Mr. Hidayathulla, Branch In Charge |
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Address: |
Plot No.87-A, Sarthak Apt. Opp. Salphekar Hospital, Shivaji Nagar, Nagpur 440 010 , India |
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Mobile No.: |
91-9850607175 |
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E-Mail: |
Sandeepchandak77@Rediffmail.Com |
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Contact Person
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Mr. Sandeep Chandak |
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Address: |
92-93, Deep Complex, 1st Floor, Court Road, Amritsar- 143 001 , India |
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Tel No.; |
91-183-500 5643/ 500 5082 |
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Mobile No.: |
91-98784 45900 / 91-98783 45900 |
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E-Mail: |
Fjlatq@Hotmail.Com |
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Contact
Person: |
Mr. Manish Suyal - Mr. N. K. Sharma |
DIRECTORS
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Name : |
Mr. Lalit Chhabildas Jobanputra |
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Designation : |
Director |
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Address : |
Manas 25 – Friend’s society, N S road, No. 6, Juhu Scheme Mumbai – 400
056, Maharashtra, India |
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Date of Birth/Age : |
11.08.1952 |
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Name : |
Mr. Sethu Madhavan Athrasseri |
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Designation : |
Director |
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Address : |
503/504, Powai Vihar, B wing Building No. 4, 5th Floor,
Powai, Mumbai – 400 076, Maharashtra, India |
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Date of Birth/Age : |
01.07.1950 |
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Name : |
Mr. Ravikumar Athrassery Varriath |
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Designation : |
Director |
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Address : |
No. 556, 14th Street, 4th Sector, K K Nagar,
Chennai – 600 078, Tamil Nadu, India |
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Date of Birth/Age : |
31.05.1960 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Lalit Chabildas Jobanputra
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9875000 |
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Mr. Athrasseri Sethu Madhavan |
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9875000 |
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Mr. Athrassery Varriath Ravikumar |
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3250000 |
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Mrs. Geeta Madhavan |
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750000 |
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Mrs. Ambili Ravikumar |
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500000 |
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Mr. Raj Lalit Jobanputra |
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250000 |
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Ms. Karishma Lalit Jobanputra |
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250000 |
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Ms. Kruti lalit Jobanputra |
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250000 |
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Total |
25000000 |
BUSINESS DETAILS
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Line of Business : |
Subject acts as
shipping, freight forwarding agents and offers logistics services |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Cash, Credit |
GENERAL
INFORMATION
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Customers : |
End users,
Industrial Importers & Exporters |
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No. of Employees : |
1500 |
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Bankers : |
Ø
IndusInd
Bank Limited, Acme Plaza, Andheri (East), Mumbai Ø
State Bank of India, IFB, Vrindavan, M V Road,
Andheri (East), Mumbai Ø
ICICI Bank, Mumbai Ø
HDFC Bank , Mumbai |
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Banking Relations : |
---- |
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Sister concern : |
Ø
Jac Air
Services Private Limited Air export / air import consol Ø
Jac
Enterprises Custom house agent Ø
JWC Park,
Mumbai Ø
Inland
Container, Depot |
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Associates/Subsidiaries : |
JWC Logistics , Mumbai, Container Freight Station |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000000 |
Equity Shares |
Rs. 10/- each |
Rs.250.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000000 |
Equity Shares |
Rs. 10/- each |
Rs.250.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
FINANCIALS:
No financials are available since subject is a new company.
LOCAL AGENCY
FURTHER INFORMATION
Subject was first
involved in Multi Modal Licensed MLO Transport operations, customs clearance, project
handling, warehousing and logistics
Subject acts as air
cargo agent, air and ocean freight forwarder, custom house agent and also
engaged in warehousing and distribution.
Subject has owned
operations in more than twelve locations throughtout India and provides air,
ocean freight forwarding and complete value added logistics solutions to its
customers
The concern offers following services:
Ø
Air Freight
Ø
Sea Freight
Ø
Custom
Clearing
Ø
Domestic
Trucking
Ø
Warehousing
Ø
Distribution
Logistics
Ø
IT Enagled
Services
Ø
Global
Logistics
Ø
Freight
Management
Ø
Virtual
Returns Management
Ø
IT Driven
Solutions for Demand Chain Integration
Ø
Ground
Handling Agents for AAI
Ø
Web based
transportation and warehousing management systems
Ø
Net centric ERP
platform Ecarex for demand chain requirements
Ø
Supply Chain
Managements
TRADE REFERENCE:
· Reliance Industries Limited, Mumbai
· Larsen and Toubro Limited, Mumbai
· ABB Group, Baroda, Mumbai and Nasik
· Bharat Heavy Electronicals Limited, Mumbai
· MRF Limited, Chennai, Tamilnadu
· Philips India Limited, Pune, Maharashtra
· ABB, Switzerland
· Cisco Systems, USA
· HP, Singapore
· Sun Micro, USA
· Philips, Hong Kong
· Atlas Cepcco
· Bhabha atomic Research Centre
· CMC limited
· NTPC
· Indian Oil Corporation Limited
· IBN Company India Limited
· Mahindra and Mahindra Limited
· BHEL
· Cromptom Greaves
· Tata power
· Jac logistics, Mumbai
OTHER DETAILS:
Partners of Flyjac
Logistics:
· Mr. Lalit Chabildas Jobanputra
· Mr. Athrasseri Sethu Madhavan
· Mr. Athrassery Varriath Ravikumar
· Mrs. Geeta Madhvan
· Mrs. Ambili Ravikumar
· Mr. Raj Lalit Jobanputra
· Mrs. Karishma Lalit Jobanputra
· Mrs. Kruti Lalit Jobanputra
The parties hereto have been carrying on business of Consolidators and
Cargo Operators in the firm name and style of M/s Flyjac Logistics on the terms
and conditions contained in the Deed of Partnership. Originally executed 16th
July 1990 and thereafter in the supplementary deed executed on 3rd
April 1992, 5th December 2002 and on 28.12.2007. The concern are
duly registered under the provisions of the Indian Partnership concern with an
Unlimited Liability of the Partners. Act, 1932 with the Register of firm Mumbai
vide Registration No. B A 39307 dated 16.07.1990. The firm is having a
permanent Capital of Rs. 250.000 millions. And whereas the parties have
expressed their desire vide unanimous resolution dated 15.03.2008 (enclosed and
marked Exhibit A) to register this joint stock company within the meaning of
Section 566 Under Chapter IX of the companies Act, 1956 as a limit Company.
WEBSITE DETAILS:
COMPANY:
Profile
·
Group Strength – 1250
·
16 Locations in India
·
Presence in 40 Countries in the world
·
Network of Agents around the world
·
Ground Handling Agent for
AAI at Delhi and Chennai
The Founders
Mr.Lalit
Jobanputra
Mr.Lalit Jobanputra,Managing Directors of JWC Logistics Park
Private.Limited is one of the founder Director with vide experience
of more than 2 decades in the field of Logistics Service, CHA Agent ,IATA Cargo
Agency.
Mr.Lalit Jobanputra has completed his graduation and specialization in Business
Management Marketing and he was serving Reliance Industries Limited as All
India Sales Manager.He started his career in the field of logistics with the
formation of M/S Jac Air Services Private.Limited which earned recognitions
from all the Airlines operating in India.
Mr.Lalit along with Mr.AS.Madhavan started M/S FLYJAC FORWARDERS in 1990 to
cater to the growing requirement of Corporate Customers in the Field of Freight
Forwarders and subsequently adding Value to FLYJAC as Total Integrated
Logistics Solutions Service Provider.
AS.Madhavan
Mr.A.S.Madhavan,co-founder of M/S FLYJAC FORWARDERS completed his
graduation in Mechanical Engineering with Diploma in Marketing has more than 3 decades
of experience in Logistics Industry.Worked as a Senior Person in Panalpina
Gordon Woodroofe.
Mr.A.S.Madhavan along with Mr.Lalit.Jobanputra has been instrumental in forming the M/S FLYJAC Logistics to Provide Freight Forwarding Services initially and subsequently Total Integrated Logistics Solutions to Corporate Customers .Subject has presence in more than 15 Locations in India and a Network of Overseas Associates at more than 40 Countries in the continent.
AV.Ravikumar
Mr.AV.Ravikumar is associated with Logistics Industry for the last 1 decade
prior to that he was associated with Pharmaceutical Industry he worked as a All
India Manager for Sun Pharmaceutical Industries before his exposure with
Logistics Industries
He is the CEO of M/S FLYJAC LOGISTICS
and is incharge of Business Development for the complete Southern Zone namely
including,Chennai,Bangalore,Tirupur,Tuticorin,Cochin.At FLYJAC he is actively
associated with the initiatives of IT Developments, Systems Development, Development
of Network of Overseas Associates, Overseas Business Development and other
Corporate Matters.
Export Business by Air and Sea at various stations in Southern India is his
credit development and his experience in development of Ocean business and Consol
Boxes by Ocean will be of Immense help to develop Business for ICD/CFS
projects.
Products:
Air Freight-Import/Export
Subject provides innovative solutions to the growing market of fast and reliable movements of cargo, whether it is general cargo, outsized, perishables, pharmaceuticals, hanging garments or other tailor-made services.
Their well-educated staff will customize solutions:
· Scheduled consolidations
· Direct shipments
· Express services
· Sea/Air solutions
· Domestic and international distribution
· Customs clearance and documentation
Sea
Freight-Import/Export
The company wants to meet the needs of the customers, offering a flexible set-up with the advantages of fixed schedules, based on long lasting co-operation with dedicated shipping lines
They offer:
· LCL services worldwide
· FCL services based on single or multiple carriers
· Strategic alliances with first class global carriers
· Weekly sailings to all major destinations
· Scheduled and reliable departures
· Space allocations - all year
· Door / door services
· Dedicated and well educated staff
· Customer designed services
· Worldwide Flyjac network
· Flexible conversion between air- and seafreight
· Air/Sea solutions
· State of the art IT-services - standard or customized
Customs clearance and documentation
Projects
Capabilities - Projects Handling
·
Ahemadabad Custom Clearance Texturising m/c and PTA
PROJECT.
·
Hazira First Project.
·
Jamnagar Latest Project 14 Charter flights 3000 Tons By
Air
Other Projects
· L and T
·
Hyundai
·
Maruti
·
Tat Toya
·
Philips... and Many Others.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.33 |
|
UK Pound |
1 |
Rs.82.31 |
|
Euro |
1 |
Rs.65.46 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|