MIRA
INFORM REPORT
|
Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EXODUS CHEMTANK PRIVATE LIMITED |
|
|
|
|
Registered Office : |
F 801 / 802, Ekta Meadows, Near Khatau Mills, Siddharth Nagar, Kandivili
(East), Mumbai – 400 066, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
08.05.2007 |
|
|
|
|
Com. Reg. No.: |
170676 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74900MH2007PTC170676 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUME06956F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCE7615B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Providing Logistic Services. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and in the process of establishing itself. Its first financials are a wanted. No further details or payment could be made available. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
|
Registered Office : |
F 801 / 802, Ekta Meadows, Near Khatau Mills, Siddharth Nagar,
Kandivili (East), Mumbai – 400 066, Maharashtra, India |
|
Website : |
|
|
|
|
|
Corporate Office : |
Unit # 311, Atlanta Estate, Dr. Ambedkar Chowk, Off Western Express
Highway, Goregaon (East), Mumbai – 400 063, Maharashtra, India |
|
Tel. No.: |
91-22-40559700 (10 Lines) / 65181919 / 65181717 |
|
Mobile No.: |
91-9987000220 / 9223367080 |
|
Fax No.: |
91-22-40030390 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. G B Bharucha |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Rajesh Purohit |
|
Designation : |
Director |
|
Address : |
F 801 / 802, Ekta Meadows, Near Khatau Mills, Siddharth Nagar,
Kandivili (East), Mumbai – 400 066, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1972 |
|
|
|
|
Name : |
Mrs. Basanti Purohit |
|
Designation : |
Director |
|
Address : |
F 801 / 802, Ekta Meadows, Near Khatau Mills, Siddharth Nagar,
Kandivili (East), Mumbai – 400 066, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1979 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.04.2007)
|
Names of Shareholders |
No. of Shares |
|
Rajesh Purohit |
5000 |
|
Basanti Purohit |
5000 |
|
|
|
|
Total |
10000 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services. |
GENERAL
INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER
INFORMATION
Web Details
Profile
Subject was
established in early 2007 for providing services and products to cater
intelligently to chemical industry to store, transport, ship and deliver all
kinds of chemicals (gaseous, liquid, granular, or solid) in the most
intelligent, specialized, optimal and cost effective manner. The company is not
a run of the mill logistics company and positions itself closer to the chemical
industry and chemistry of products as its inherent knowledge equity cannot be matched
by any logistics company in the business of transporting chemicals. With its
Chemical Engineering backdrop and Business Management Qualitative methodology
percolating right from the entrepreneur level and known expertise in handling
the most complex of matters pertinent to the storage, transportation and
shipment of chemicals ; it is no surprise that subject today that in
such a short span of time it has an enviable list of clientele of the highest
order and repute who regularly share its business logic and passion for process
excellence and dedication to fulfillment of tasks and target schedules.
Subject has a very
clear goal and vision plan and strives unfailingly to achieve them with
cognizance of the vast filed of chemistry and chemicals and recognizes its
unique position facing the growth curve of the country's economy and role in
the world wide possibilities in this area. Chemical companies today perceive at
what kind of knowledge the shipping and transport vendor has in order to
understand their products and their requirements better and safely and subject
is positioned perfectly to create and add value to this requirement.
In its
marketability subject sells aggressively its three P idea in terms of Products,
Placement and Positioning.
Mission Statement
The mission embodies the commitment and interlink to the industry that
they want to cater to. "Chemistry in Motion" is not only borne out of
the principle of cadence that they believe they should impart to the activities
in a manner that they not only 'satisfy' the customer but also 'delight' them ;
but it also emphasizes the congruence of activities in a manner that moves the
organization like a well grooved machine with the drive, inspiration, ability
to over ride flaws and the human component based on refined HRM policies and
constant endeavour to grow in a synergized manner both organically and
inorganically.
"They believe the customers have made them what they are sublimely proud
to be today and with unparalleled and unwavering attention to their focus area
they will be what the customers' desire of them for the future".
Services and Activities
Subject works on diverse areas in congruence to deliver a seamless
service to its customers. Its main activities are in:
·
ISO Tank Container Agency Representation
·
International Freight Forwarding of sea shipments
·
International Freight Forwarding of air shipments
·
Inland Transportation
·
Cross Trade SCM
·
Flexi-Tanks, IBC and Warehousing
·
Special Customs Clearance
·
Nomination Businesses
·
Value Additions
·
Contractual Businesses
Management
As kids they run towards what they want to achieve
With the focus that can fetch them what they desire
They run over stony paths, jump over rivulets, walk on
thorns,
They run and run with the goal clearly ahead of them
They achieve what they want to
And when they turn back
They see they have conquered so much, seen so many adverse
times
And then they contemplate at the success
Only to see they have grown in life
They then see opportunity in impossibility
Network
Subject has an exhaustive network of its
own and agency offices all over India and representations in Colombo (Sri
Lanka), Kathmandu (Nepal), Dhaka (Bangladesh) and Karachi (Pakistan). Its
offices in India are as given below:
- Nhava Sheva
- Kandla
- Mundra
- New Delhi
- Ludhiana
- Dadri
- Moradabad
- Kolkata
- Vizag
- Bhubaneshwar
(proposed)
- Chennai
- Tuticorin
- Cochin
- Bangalore
- Mangalore
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.46.32 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.65.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
12 |
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 |
|