MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIWORLD LOGISTICS PRIVATE LIMITED (w.e.f.07.01.2010) |
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Formerly Known
As : |
UNI-WORLD LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
Old No. 17, Fourth North Beach Road, Mannady, Chennai – 600001, Tamil
Nadu |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
08.02.2002 |
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Com. Reg. No.: |
18-048430 |
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CIN No.: [Company Identification
No.] |
U63090TN2002PTC048430 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEU0450E |
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PAN No.: [Permanent Account No.] |
AAACU5187H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of freight forwarding, Clearing and
Forwarding and other allied services including warehousing. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 550000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trdae terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Prem Kumar |
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Designation : |
Director |
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Contact No.: |
91-9840935091 |
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Date : |
11.04.2011 |
LOCATIONS
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Registered Office : |
Old No. 17, Fourth North Beach Road, Mannady, Chennai – 600001, Tamil
Nadu, India |
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Mobile No : |
91-9840935091 / 9008030249 (Mr. Prem Kumar) |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
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Corporate Office : |
225, 5th Main Street, Bed Extension, Koramangola,
Banglore-560034, India |
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Tel. No.: |
91-80-40833366 |
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Mobile No : |
91-9811123113 (Mr. Deepankar Parashar) 91-9967300033 (Mr. Akash Samat) 91-9910897083 (Mr. Nihar Parida) |
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Fax No.: |
91-80-40833471 |
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E-Mail : |
corporate@uniworld-logistics.com rammohan@uniworld-logistics.com |
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Branches |
Ahmadabad B/405-406, Sakar VII, Nehru Bridge Corner, Ashram Road,
Ahmadabad-380009, Gujarat, India Tel No : 91-79-26574444 Fax No : 91-79-26582396 E-mail : ahm@uniworld-logistics.com pushapam@uniworld-logistics.com Aurangabad B-20, MIDC, Chikalthana, Aurangabad-431210, Maharashtra, India Tel No : 91-240-2480356 Fax No : 91-240-2480357 E-mail : agb@uniworld-logistics.com Baroda 317, Abhishek Complex, Near Swami Pramukh Circle, Old Padra Road,
Baroda, Gujarat, India Tel No : 91-265-6566687 E-mail : freddy@uniworld-logistics.com
Chennai No.64, IV North Beach Road, Off Krishnan Koil Street, Chennai-600001,
Tamil Nadu, India Tel No : 91-44-42984400 Fax No :91-44-25266237 E-mail : admin.che@uniworld-logistics.com arup.das@uniworld-logistics.com
Branches Located
At Cochin Goa Hyderabad Kolkata Ludhiana New Delhi Pune Tirupur Tuticorin Visakhapatnam |
DIRECTORS
As On : 30.09.2010
|
Name : |
Mr. M. Prem Kumar |
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Designation : |
Director |
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Address : |
40, 4th cross, 5th Block, Koramangala, Bangalore
– 560095, Karnataka, India |
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Date of Birth/Age : |
20.05.1963 |
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Date of Appointment : |
08.02.2002 |
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DIN No : |
01662000 |
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Name : |
Mrs. Femina Prem |
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Designation : |
Director |
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Address : |
40, 4th cross, 5th Block, Koramangala, Bangalore
– 560095, Karnataka, India |
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Date of Birth/Age : |
11.02.1967 |
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Date of Appointment : |
08.02.2002 |
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DIN No : |
01677292 |
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Name : |
Mrs. Vimala Rani Britto |
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Designation : |
Director |
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Address : |
Old No.5, New No.13, 3rd Main Road, Kasturba Nagar, Adyar,
Chennai- 600020, Tamil Nadu, India |
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Date of Birth/Age : |
15.02.1966 |
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Date of Appointment : |
29.03.2006 |
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DIN No : |
00767318 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Mr. M. Prem Kumar |
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644645 |
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Femina Prem |
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237500 |
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Vimala Rani Britto |
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475000 |
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Total |
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1357145 |
AS ON 30.09.2010
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
|
100.00 |
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Total
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of freight forwarding, Clearing and
Forwarding and other allied services including warehousing |
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Terms : |
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Selling : |
Cash, Credit (30/60/90 days) |
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Purchasing : |
Cash, Credit (30/60/90 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
125 (Approximately) |
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Bankers : |
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Facilities : |
Notes
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Murali Associates Chartered Accountant |
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Address : |
New No.39, First |
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Subsidiaries : |
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Associates : |
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CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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950000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.500
millions |
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Notes : of the above 90000 shares of Rs. 10/- each
have been allotted as fully paid up Bonus shares by capitalization out of the
General Reserve of the company.
As On : 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1357145 |
Equity Shares |
Rs. 10/- each |
Rs. 13.571
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.500 |
2.000 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
128.166 |
93.181 |
81.443 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
137.666 |
95.181 |
83.442 |
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LOAN FUNDS |
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1] Secured Loans |
146.222 |
126.341 |
51.853 |
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2] Unsecured Loans |
23.560 |
14.560 |
14.560 |
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TOTAL BORROWING |
169.782 |
140.901 |
66.413 |
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DEFERRED TAX LIABILITIES |
1.056 |
0.431 |
0.000 |
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TOTAL |
308.504 |
236.513 |
149.856 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
54.720 |
53.289 |
36.200 |
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Capital work-in-progress |
5.813 |
12.066 |
0.594 |
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INVESTMENT |
46.377 |
43.701 |
5.818 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.025 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000
|
0.000 |
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Sundry Debtors |
295.984
|
216.243
|
237.288 |
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Cash & Bank Balances |
5.142
|
7.640
|
10.714 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
90.652
|
72.177
|
24.519 |
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Total
Current Assets |
391.778
|
296.060 |
272.521 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
184.863 |
163.525 |
146.262 |
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Other Current Liabilities |
5.321
|
4.793
|
7.297 |
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Provisions |
0.000
|
0.285
|
11.743 |
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Total
Current Liabilities |
190.184
|
168.603 |
165.302 |
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Net Current Assets |
201.594
|
127.457
|
107.219 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
308.504 |
236.513 |
149.856 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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TOTAL TURNOVER |
1644.471 |
1885.941 |
1762.810 |
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PROFIT BEFORE
TAX |
20.875 |
21.889 |
50.834 |
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Less |
TAX |
NA |
10.151 |
20.199 |
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PROFIT AFTER TAX
|
NA |
11.738 |
30.635 |
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EXPORT VALUE |
53.830 |
18.050 |
27.522 |
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Earnings Per
Share (Rs.) |
61.00 |
58.68 |
153.175 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.67
|
6.27
|
16.46 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.22
|
0.61 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.62
|
3.26
|
2.78 |
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Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.76
|
1.65 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
in millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Sundry Creditors and Accrued Expenses |
184.863 |
163.525 |
146.262 |
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Total |
184.863 |
163.525 |
146.262 |
BACKGROUND
The company is primarily engaged in the business
of freight forwarding and other services and warehouse operations.
CONTINGENT
LIBILITIES
|
Particular |
2010 |
|
Service tax in respect of the claims pertains to Freight forwarding
Segment |
41.332 |
FORM : 8
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Corporate identity
number of the company |
U63090TN2002PTC048430 |
|
Name of the
company |
UNIWORLD LOGISTICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Old No. 17, Fourth North Beach Road, Mannady, Chennai – 600001, Tamil
Nadu, India |
|
This form is for |
Creation of Charge |
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Type of charge |
Book debts Movable property (not being pledge) Floating Charge |
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Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
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Nature of
instrument creating charge |
Letter of hypothecation of stocks and book debts. |
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Date of
instrument Creating the charge |
18.09.2010 |
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Amount secured by
the charge |
Rs. 50.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
: CC -
11% p.a. and WCDL - 9.50% p.a. subject to revision from time to time Terms of
repayment : As per sanction terms of the bank Margin : 25%
on all components of inventory and debtors. Debtors 180 days and obsolete
stock to be excluded Extent and
Operation : The
charge shall operate to the extent of entire loan amount plus Interest, Commission,
Cost, Expenses and other Charges if any there on by way of first pari passu
charge. |
|
Short Particulars
of the property charged |
Hypothecation
by way of first paripassu charge on stock in trade, raw materials, finished goods,
goods in process of manufacturing and merchandise, book debts, outstanding,
monies, receivable, claims, bills and other current assets present and future
Stored/ installed at No.225, ST Bed Extension, 5th Main, 4th Block,
Koramangala, Bangalore - 560034 or at any other place. |
FIXED ASSETS :
- Plant and Machinery
- Furniture and Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.20 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.