MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONTINENTAL CARRIERS OF INDIA |
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Registered Office : |
Plot No. 3, Sangam Tower, 2nd Floor, Savita Vihar, New Delhi
110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1991 |
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Service Tax No.: |
DL/11/SRT/R-19/CC/GTS/34/0520/05-01-05 |
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Legal Form : |
Partnership concern with an unlimited liability of the Partners |
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Line of Business : |
Logistic Services [Handling bulk cargo consignments] |
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 32000 |
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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 concern. Trade relations are fair. Payments are reported as usually correct
and as per commitments. The concern can be considered normal for business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. V. P. Sekhri |
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Designation : |
Partner |
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Date : |
17.05.2008 |
LOCATIONS
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Registered Office : |
Plot No. 3, Sangam Tower, 2nd Floor, Savita Vihar, New Delhi
110092, India |
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Tel. No.: |
91-22-22144457 / 22145610 |
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Mobile No.: |
91-9810285353 |
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Fax No.: |
91-22-22158200 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. fts. |
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Location : |
Owned |
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Branch Office : |
207, Sethi Bhawan, Rajinder Place, New Delhi 110008, India |
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Tel. No.: |
91-11-25727755 / 25727756 / 25713525 |
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Fax No.: |
91-11-25727756 |
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E-Mail : |
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Area : |
650 Sq. fts. |
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Location : |
Rented |
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Branches : |
Located at :
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PARTNERS
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Name : |
Mr. V. P. Sekhri |
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Designation : |
Partner |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Graduate |
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Experience : |
35 years |
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Name : |
Mr. D. P. Sekhri |
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Designation : |
Partner |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Graduate |
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Experience : |
30 Years |
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Name : |
Mr. R. D. Goyal |
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Designation : |
Partner |
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Date of Birth/Age : |
50 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
KEY EXECUTIVES
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Name : |
Mr. Sanjay Goyal |
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Designation : |
Marketing Executive |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Logistic Services [Handling bulk cargo consignments] |
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Products : |
•
Port handling at Port of
entry including warehousing if required and also arranging Bonded Warehouse. |
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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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Customers : |
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No. of Employees : |
100 |
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Bankers : |
Karolm Bagh, New Delhi 110005, India
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 8.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 8.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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150.000 |
120.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2008-09): Rs.165.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS:
Customers and
Projects Completed:
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ALSTOM System Limited |
Project Cargo |
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Baggerwerken Decoledt en Zoon |
Dredging Equipments Sinker Pipes |
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Ballast Nedam Dredging |
Dredging Equipment |
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C&C Construction Limited |
Construction Equipments Steel Material,
Pipes etc |
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Dredging International (P) Limited |
Dedging Equipment's |
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Gas Authority of India Limited |
Steel Pipes Project Cargo |
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Indian Oil Corporation Limited |
Project Cargo ODC and Heavy Cargo |
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Indian Sugar and General Engineering
Corporation |
Heavy Equipment and Machineries Over
Dimensional Consignments |
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Industrial Cable (India] Limited |
Power (Cables) Drums for BHEL & NTPC
Projects |
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Jindal Saw Limited |
Steel Pipes |
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Jindal Pipes Limited |
Steel Pipes |
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Jindal Strips Limited |
HR Plates |
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Lee & Muirhead Limited |
General cargo (Imported) |
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LG International Corporation |
Project Cargo |
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Maharashtra Seamless Limited |
Steel Tubes |
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Mukut Pipes Limited, Rajpur |
MS Pipes |
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Oil India Limited |
Steel Pipes |
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Power Grid Corporation of India Limited |
2 Years Contract for Import Cargo |
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Punj Llyod Limited |
Heavy Construction Equipment |
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Schenker International Limited |
Project and Import Cargo |
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Spectra Punj Llyod Limited |
Construction Equipment Machineries |
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Sri Krishna Paper Mill & Ind Limited |
Paper Plant Machines |
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Surindra Engineering Co., Rajpur |
Fabricated Structure |
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Tri Marine (Dredging Co.) |
Dredging Equipments Sinker Pipes |
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M/s Vimokas Consultants & Engineers
(P) Limited |
Project Cargo |
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Voith Siemens Hydro Private Limited |
Project Cargo includes, Generators,
Turbines etc |
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No. |
Description of
Work |
Employee Name |
Volume (Tonnager) |
Period of Execution |
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1 |
Transportation of Reclamation pipes from
Paradip Port to Karwar (Karnataka) |
M/s Ballast Nedam Dredging |
1600 MT |
2001-2002 |
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2 |
Annual rate contract for 3 years,
regularly transporting project material from Delhi/ Mumbai/ Kolkata/ Chennai
Port/ Dry Port and airport to anywhere in India |
M/s Power Grid Corporation of India
Limited |
Annual Contract |
2002-2005 |
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3 |
Local transportation of line pipes from
Kandla Port to coating yard, Kandla |
M/s Indian Oil Corporation Limited |
110 Km |
1994-1995 |
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4 |
Transportation of steel coils from Kandla Port
to Kosikalan (Mathura) |
M/s Saw Pipes Limited |
15000 MT |
2002-2003 |
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5 |
Loading, Unloading and tranportation of MS
Pipes 16" & 17" from Mundra to Stock Yard, Jodhpur |
M/s Subash Projects & Marketing
Limited |
6654 Meter |
2002-2003 |
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6 |
Transportation of 16" & 17"
from Mundra to Jodhpur |
M/s Subash Projects & Marketing
Limited |
6654 Meter |
2002-2003 |
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7 |
Tranportation of steel coils from Durgapur
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M/s Jindal Pipes Limited |
36945 MT |
2002-2003 |
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8 |
Tranportation of steel coils from Hissar
to Mumbai |
M/s Jindal Stripes Limited |
35000 MT |
2002-2002 |
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9 |
Sub contract for transportation of steel
coils from Kandla Port to Sahibabad |
M/s Bhusan Steel Strips Limited |
100000 MT |
2002-2003 |
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10 |
Transportation of bare pipes 42"
& 36" OD pipes & steel plates from Dahej, Kosi & Vijaipur to
Mundra Coating Yard and after coating the same will be transported from
Mundra to Vaghodia Palwa & Sandawatta for GAIL's |
M/s Saw Pipes Limited |
190890 MT |
2003-2004 |
ASSOCIATES:
GLOBAL CONNECTIONS
is a well known organization in the field of international freight forwarding
providing SINGLE WINDOW SERVICES to their customers handling there cargo for export
from India to various destinations abroad and visa – versa through network of
agents.
The
service they provide export/import of LCL cargo, containerized cargo and
specialized OD and Heavy consignments using break bulk vessels. They do
undertake custom clearance at arrival port in India, port handling, warehousing
and transportation wherever required on door to door basis.
They
are authorized to issue NVOCC documents on behalf of their overseas agents for
handling LCL cargo on there behalf.
They
do undertake Turnkey Contracts for project cargo includes Custom Clearance,
Documentation, Liaison with respective shipping lines, Transportation, Site
Unloading of Break Bulk Cargo, De-Stuffing of Containerized Cargo, Loading
Transportation and Unloading of Heavy Lifts On or Along Side Foundations at
project sites.
They
also undertake road route feasibility study to check the suitable routes for
the transportation of project cargo that includes heavy on over dimensional
consignments.
CLIENTELE:
1.
Schenker India
2.
Yala Construction Company Pvt. Limited, New Delhi.
3.
Krishna Paper Mills
4.
Sms Demag Private Limited, New Delhi.
Branches:
AHMEDABAD OFFICE:
Mr. Ramesh[9824026576]
514, P.B. Parekh Tower, D.B. Road, Kankaria,
Ahmedabad 22
AJMER OFFICE
Mr. R. K. Bansal [
9829287103]
By Pass Road, Near Charnal Petrol Pump, Ajmer, Rajasthan
CHENNAI OFFICE
Mr. S. L. Aggarwal [9444913777]
C-55, CDMA Truck Terminal Complex, GNT Road,
Madhavram, Chennai 600110
Tel. No.: 91-44-25531946/956
Fax No.: 91-44-25531934
DURGAPUR OFFICE
Mr. Rajbeer Singh [9832165978]
Shyam Mension, G.T. Road, Bhirangai, Durgapur,
West Bengal
Tel. No.: 91-343-2585677
GHANDHIDHAM OFFICE
Mr. J. P. Goyal [9925130313]
9/18 ABK Chambers, National Highway, Ghandhidham
370201, Gujarat
Tel. No.: 91-2836-223619 / 223952 / 254226
HISSAR OFFICE
Mr. Sat Prakash [9896395253]
Ganesh Roadlines, Near Jindal Strips Limited,
Delhi Road, Hisar 125001, Haryana
Tel. No.: 91-1662-220429 / 220744
Mr. Rahul [9996025825]
S. S. Cargo, 22 Vishal Market, Opposite Rahul
Motor, Industrial Area, Hissar 125001, Haryana, India
KANPUR OFFICE
Mr. Mahender Sharma [9984960037]
Room No.105, Hotel New Green Palace, Opposite
Sabzi Mandi, Near Bara Chouraha, Unnao, UP
KOLKATA OFFICE
Mr. Jasbeer Singh [9359887075]
Saw Pipes Limited Complex, A-1, UPSIDC
Industrial Area, Nandgaon Road, Kosi Kalan 281403, UP
Tel. No.: 91-5662-232170
LUDHIANA OFFICE
Mr. Harikesh Mittal [9463530638]
Mr. Rajendra Singh [9815691787]
Jai Bharat Road Carriers, Shop No. 143,
Transport Nagar, Ludhiana, Punjab
MUMBAI OFFICE
Mr. J. B. Goyal [9821049130]
413, Ameja Corner Premises, Co-operative
Society Limited, Plot No. 71, Sector 17, Vashi, Navi Mumbai
Tel. No.: 91-22-27898773 / 27662476 / 27661489
Fax No.: 91-22-27898781
MUZAFFARNAGAR OFFICE
Mr. Naveen [9897999033]
C/O Lalan Yadav [9917482112]
Bharat Rolling Mill Ke Peechhe, Kara ka
godown, Rainbow Road, Muzaffarnagar
NASIK OFFICE
Mr. Samsher Singh [9860282712]
Mr. Madan Lamba [9371007041]
11-B, Nandan Park Society, Ghandhrav Nagri,
Motwani, Nasik Road, Nasik
RAIGARH OFFICE
Mr. Parvin Gupta [9301011155]
P.O. Box No. 14, Jindal Transport Nagar,
Kharsia Road, Raigarh
RAIPUR OFFICE
Mr. Naresh Gupta [9301770042]
300/2, Devendra Complex, Ring Road No. 2,
Tatiabandh Chowk, Raipur
RAJENDARA PALACE OFFICE
Mr. V. P. Sekhri [9810285353]
207, Sethi Bhawan, Rajendra Palace, New Delhi
110008, India
Tel. No.: 91-11-25727755 / 25727756 / 25713525
Fax No.: 91-11-25727756
ROURKELA OFFICE
Mr. N. N. Petro [9437046783]
Associated Transways Organisation
Mohanty Compound, Opposite Nirmal Market,
Power House Road, Rourkela 769001
Tel. No.: 91-661-2506560
SAHAPURA OFFICE
Mr. Vikas Bindal [9352698081]
C/O Mr. Sushil Aggarwal
Banganga Mineral, Tripolia Bazar, Haveli Raja
Uday Singh, Jaipur
UP BORDER OFFICE
MR. ASHOK SHARMA [9810075821]
MR. RAJEEV GUPTA [9958597694]
Plot No. 53, Galli No. 1, Chikunberpur, UP
Border
Tel. No.: 91-120-2628265 / 4126355
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.84 |
|
UK Pound |
1 |
Rs. 84.78 |
|
Euro |
1 |
Rs. 67.32 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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 |
|
48 |
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 |
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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 |
|
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 |
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