MIRA
INFORM REPORT
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Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
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Name : |
RELIANCE ROADLINES |
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Registered
Office : |
514 Todi Corner, 5th Floor, 32, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
1973 |
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Capital
Investment/ Paid-up Capital: |
Rs. 1.500 millions (As on 31.03.2010) |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Service Provider of Logistics and Distribution Services |
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No. of
Employees: |
16 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 6000 |
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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 proprietory
concern having satisfactory track. Trade relations are reported as fair.
Business is active. Payments are reported to be usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade 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
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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. Himangshu Bhaumik
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|
Designation : |
Chief Executive Officer |
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Contact No.: |
91-9831822457 |
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Date : |
07.07.2011 |
LOCATIONS
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Registered Office : |
514 Todi Corner, 5th Floor, 32, |
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Tel. No.: |
91-33-22216323/ 22354876/ 22154387/ 40072190 |
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Mobile No.: |
91-9831021457 (Mrs. Mahua Bhaumik) |
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Fax No.: |
91-33-22358374 |
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E-Mail : |
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Website : |
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Area : |
2500 sq.ft |
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Location : |
Owned |
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Branch Office 1 |
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Branch Office 2: |
Dulali Bhavan, Room
No. 10, Haridaspur, |
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Branch Office 3 : |
Naka No. 10, Besides Rabati Complex, Wadi, |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Anika Bhaumik |
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Designation : |
Proprietor |
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Date of Birth/Age : |
57 years |
KEY EXECUTIVES
|
Name : |
Mr. Himangshu Bhaumik
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|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Service Provider of Logistics and Distribution Services |
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Products : |
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Exports : |
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Products : |
Textiles, Jute Products |
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Countries : |
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Imports : |
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Products : |
Machinery, Textiles, Raw Material |
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Countries : |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
16 (Approximately) |
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Bankers : |
Central Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name: |
Mr. Alok Bhatt Chartered Accountant |
CAPITAL STRUCTURE
As on 31.03.2010
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Capital Investment : |
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Owned : |
Rs. 1.500 millions |
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Borrowed : |
-- |
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Total : |
Rs. 1.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
17.000 |
10.000 |
9.500 |
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The above information has been parted by Mr. Himanshu
Bhaumik (Chief Executive Officer)
Note : Sole Proprietory and
Partnership concerns are exempted from filing their financials with the
Government Authorities or Registry Records.
LOCAL AGENCY FURTHER INFORMATION
Trade Reference:
- Khaitan Electrical Limited
- Rainbow Denim
Limited
- DIC India
Limited
AS PER WEBSITE
Subject is a reputed proprietorship company situated at Kolkata . The UNIT was initially created as a forwarding agency for
In
Subject is staffed by a team of well trained, enthusiastic and experienced
staff in Cargo movement, Clearing and Forwarding , export and import
formalities. In the operations, they bear in mind a policy to deliver services
in highest level of professionalism, reliability, effectiveness and
flexibility, with constant updates, and flow of information. They recognize and
fulfill the customers needs and thus keep the services on highest standard.
They guarantee honesty, security and responsibility to the esteemed clients.
The ideology is to provide safety of cargo and clients interest with utmost
satisfaction, Excellency in services and value for money and to meet the
clients expectation is the ultimate motto. They provide a service which ensures
that the clients every need is attended completely.
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.44.33 |
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|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
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 |
YES |
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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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46 |
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 |
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 s |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.