MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RITVEYRAAJ CARGO SHIPPING CONTAINERS |
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Registered Office : |
401,402, Skypan, Oberoi Complex, Off Link Road, Andheri (W),
Mumbai - 400 001, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1970 |
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PAN No.: [Permanent
Account No.] |
AJZPB8838M |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter and Leasing of Shipping
Containers and Bunkhouses. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be a small concern in its field. Trade relations
and payment are unknown. Management parted partial details. The concern can be considered for small to mediocre business dealings
on safe and secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ram |
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Designation : |
Marketing Manager |
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Date : |
26.08.2008 |
LOCATIONS
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Registered Office : |
401,402, Skypan, Oberoi Complex, Off Link Road, Andheri
(W), Mumbai - 400 001, Maharashtra, India |
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Tel. No.: |
91-22-26232857 / 26282519 |
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Fax No.: |
91-22-26209746 |
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E-Mail : |
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Website : |
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Area : |
4000 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ritu Raj Berani |
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Designation : |
Proprietor |
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Date of Birth/Age : |
50 years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. Ram |
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Designation : |
Marketing Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter and Leasing of Shipping
Containers and Bunkhouses. |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
End users |
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Bankers : |
Corporation Bank, Andheri (West), Mumbai - 400 058, Maharashtra, India
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Facilities : |
The concern do not enjoy any facility from its bankers. |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
Not Divulged |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Divulged
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
RITVEYRAAJ CARGO SHIPPING CONTAINERS |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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VAT / TIN Registration |
27350526223V |
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Name of Bank |
Corporation Bank |
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Current account Number |
2776 |
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Account Since |
2006 |
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Creditability Factors |
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India Mart Client Since |
1995 |
TRADE REFERENCE:-
· Larsen and Toubro Limited
· Reliance Industries
Notes:-
· Subject has contract workers.
WEBSITE DETAILS:-
Concern Profile:-
Incepted in the year 1970, the concern is a
well-established organization engaged in manufacturing, exporting and leasing
of shipping containers and bunkhouses. They have the status of being a pioneer
in the sector of prefab structure leasing and their success has been exemplary.
In addition to this, they offer additional services such as alterations,
repair, refit, renewal, hiring and sale of old container, encasement, storage
and multi mode combined transportation.
They have grown rapidly under the able guidance of their mentors Mr. Kunal
Berani and Mr. Rajkumar Berani. Their insight taught them the importance of
teamwork, owing to which they have come a long way and are serving diverse
industries with their apt products.
Resting their back on their work force, they have also been
able to provide efficient customized solutions to their clients. Not only do
they manufacture, they also assist their clients in tasks such as management,
shipment, repair and modification of the installed containers. Thus, they are
the preferred name in the containers installation segment and have come up to
the expectations of their clients who are spread all across the globe.
Organizational
Objective
They are a dynamic concern that believes in constant motion
that is directed towards excellence. They have a systematic approach towards
all the tasks and processes. Given below are some of their objectives that they
are determined to achieve:
· They have plans to implement high standards of hygiene, safety and general working conditions for their staff, so that they are fully satisfied.
· They will ensure that these standards are supported with proper documentation and instructions.
·
They are working to make sure that they mold their
resources in order to achieve the above-mentioned standards.
· They encourage their staff for an interactive and open atmosphere in the concern so that they can improve and implement these standards
Offerings
They offer a wide range of containers and bunk houses that
are needed in many diverse areas. Their collection has Kitchen Bunkhouse, Bunk
House, Office Containers, Lodging Containers, Sanitary and Workstation. Their
array of products is manufactured from the finest of rugged steel that grants
durability and strength to their products. Making use of latest and advanced
machines and equipments they offer products that have the following features:
· Easy to transport and install
· 100% earthquake proof and waterproof
· Insulation in all inner walls and ceiling
· Roof cooling system
· Safe, dry and secure storage
· Compact design
Apart from the manufacturing of the above stated products, they also engage in
selling and renting of new and used 20 and 40 feet containers, Office, lodging,
sanitary, mess, galley, laundry, laboratory and medical units. They are also
indulgent into manufacture of prefab structures.
Their comprehensive and easy to install range of containers is demanded in diverse industries due to its durability and strength. Some of the numerous sectors where their range is extensively used are as follows:
· Café-restaurant,
·
Supermarket,
Office buildings
· Sporting area
Infrastructure
They take pride in their infrastructural set up that is impressive
and highly productive. They have an enormous manufacturing plant that located
at Kashid Koper, Western Express Highway, at Thane (Maharashtra) and is spread
widely over 600,000 sq ft area. It is out fitted with latest and advanced
machines that reduce workload and turn around time. It is here that they repair
their products along with manufacturing them also.
They also boast of being one of the few companies of this sector to have a
separate container storage yard and workstation. The sophisticated machines
that they have are handled with expertise by their work force that avails the
provided technology in the best possible manner to produce products that have
impeccable quality.
Workforce
There is no I in a team” and they totally abide by it. They
have a well-coordinated and talented team of experts and professionals who have
immense industry experience and ample knowledge. They are motivated to work for
the welfare of the concern and strive with sincere efforts and undeterred focus
to mold their resources to match the clients’ requirements.
Along with experts they also have trained drivers and custom engineered
personnel who ascertain that absolute satisfaction is delivered to the clients
through products as well as services. They commend their commitment and the
over whelming contribution that they have made to their concern
Why
they?
· Prompt Services
· Wide clientele
· Use of quality materials
· Qualified team
· Reasonable pricing
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 concern 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 concern’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.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
--- |
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--LIQUIDITY |
1~10 |
--- |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
--- |
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--CREDIT LINES |
1~10 |
3 |
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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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24 |
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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