MIRA
INFORM REPORT
|
Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
IMAGE LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
847/2 [Opposite JMD Cargo [Private] Limited], Mata Chowk, Vasant Kunj
Road, Mahipalpur, New Delhi – 110037 |
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Country : |
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Financials (as
on) : |
31.03.2011 – (Provisional) |
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Date of
Incorporation : |
10.11.2005 |
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Com. Reg. No.: |
55-142446 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U60231DL2005PTC142446 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI06157E |
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PAN No.: [Permanent Account No.] |
AABCI4376H |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Service provider of Freight Forwarding, Customs Handling, Logistics
Management and Consolidations. |
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No. of Employees
: |
20 (Approximately) (Office – 15 and Branch – 5) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 20000 |
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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. However, it could be advisable to take adequate securities while
dealing with the subject. |
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) |
|
|
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
|
Name : |
Mr. Amit |
|
Designation : |
Director |
|
Date : |
15.07.2011 |
LOCATIONS
|
Registered Office : |
847/2 [Opposite JMD Cargo [P] Limited], Mata Chowk, Vasant Kunj Road,
Mahipalpur, New Delhi – 110037, India |
|
Tel. No.: |
91-11-41687714/ 46062490/ 94/ 47301100-15 |
|
Mobile No.: |
91-9312220151 (Mr. Amit Chakraborty) 91-9999884263 (Mr. Ganesh Chandra Manuri) |
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Fax No.: |
91-11-26783033/ 41687714 |
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E-Mail : |
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Website: |
http://www.ilplindia.in |
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Location : |
Owned |
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Delhi Office : |
847/1,3,4, Mata Chowk, Vasant Kunj Road, Mahipalpur, New Delhi –
110037, India |
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Branches : |
Located at: ·
Belapur, Mumbai ·
·
·
Kolkata ·
·
Kandla ·
Chennai |
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Overseas Office: |
Room 227-228l, 2/F, Metro Centre IIl, 21 |
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Tel. No.: |
+ 852-27560903 |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Amit Kumar Chakrabarty |
|
Designation : |
Director |
|
Address : |
Q Extension 30, Phase – 1, New Palam Vihar, Gurgaon – 122017, Haryana,
India |
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Date of Birth/ Age: |
31.03.1979 |
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Qualification: |
MCA |
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Experience : |
10 years |
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Date of Appointment : |
10.11.2005 |
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PAN
No.: |
AEWPC8996P |
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Name : |
Mr. Santosh Kumar Chakrabarty |
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Designation : |
Director |
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Address : |
Q Extension 50, New Palam Vihar, Phase – 1, Gurgaon – 122015, |
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Date of Appointment : |
10.11.2005 |
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Name: |
Mrs. Sima Chakraborty |
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Designation: |
Director |
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Address : |
Q Extension 30, Phase – 1, New Palam Vihar, Gurgaon – 122017, Haryana,
India |
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Date of Birth/Age: |
04.07.1959 |
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Qualification: |
Under Graduate |
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Experience : |
5 years |
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PAN No.: |
AHSPC5187B |
KEY EXECUTIVES
|
Name : |
Mr. Ganesh |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2011)
|
Names of Shareholders |
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No. of Shares |
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Amit Kumar Chakrabarty |
|
5000 |
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Sima Chakrabarty |
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5000 |
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Total |
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10000 |
(AS ON 30.09.2010)
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service provider of Freight Forwarding, Customs Handling, Logistics
Management and Consolidations. |
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Products : |
· Subject offer a wide spectrum of solutions to the clients that range from Freight, Forwarding, Customs Handling, Logistics Management and Consolidations. · Air Freight - Export and Import consolidation · Sea Freight - Export and Import consolidation · Multi-modal transportation: Door-Door/Air-Sea/Sea-Air · International Freight Management Services · Warehousing and Distribution · Quality Assurance and Inspection · Door Delivery and Pickup from any point in India to any destination in the world and vice versa. |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
§
All Theway Express
Limited – HKG §
Any Time Printer §
Blue Bird Cargo Private
Limited §
CMA CGM Agencies India
Private Limited §
Complete Forwarders
Private Limited §
East West Freight
Carriers Private Limited §
Exim Multimedia (India)
Private Limited §
Jha Associates §
LCL Agencies (India)
Private Limited §
Inter World Cargo Care
Private Limited §
Tripal Eagle Express
Limited §
Narendra Forwarders
Private Limited §
Seagull forwarders and
Clearing §
Team Global Logistics Private
Limited |
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Customers : |
Wholesalers, Retailers and End Users §
A G Engineers §
ABB Limited §
Apex Intnl §
A. P. Hosiery
Industries §
Bilton Export (Private)
Limited §
Bright Point India
Private Limited §
Caldron Impex Private
Limited §
Cermica Industries §
Decent Logistics India §
Danisco India Private
Limited §
Durga Das Publications Private Limited §
Galaxy Printers §
Green Fiesta Private Limited §
Imperial Tiles Private Limited §
Jai Overseas §
Kirat International §
Kraft Line Appliances private Limited §
Nakamichi Techno Private Limited §
Pro Exports §
Rishab Cargo Movers §
Sab Logistics Private Limited §
Seven Hills Shipping Private Limited §
Shri Sai Engineering §
Shubham Sales Corporation |
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No. of Employees : |
20 (Approximately) (Office – 15 and Branch – 5) |
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Bankers : |
·
ICICI Bank, Vasant Vihar, C Block Market, New
Delhi, India ·
IDBI Bank, Mahipalpur, New Delhi ·
HDFC Bank,
Vasant Vihar, D Block Market, New Delhi, India ·
Corporation Bank ·
Standard Chartered Bank ·
ABN Amro Bank ·
Barclays Bank §
Kotak Mahindra Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil Renu and Associates Chartered Accountant |
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Address : |
184, 3rd Floor, Kakrola Housing Complex, New Delhi –
110078, India |
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E-Mail : |
CAPITAL STRUCTURE
(AS ON 31.03.2011
– PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 Provisional |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
0.100 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.834 |
2.846 |
1.030 |
1.020 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.934 |
2.946 |
1.130 |
1.120 |
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LOAN FUNDS |
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|
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|
1] Secured Loans |
1.098 |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
6.039 |
4.893 |
4.060 |
0.360 |
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TOTAL BORROWING |
7.137 |
4.893 |
4.060 |
0.360 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
12.071 |
7.839 |
5.190 |
1.480 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.497 |
0.612 |
0.727 |
0.655 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.011 |
0.011 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
0.000
|
0.000
|
0.000
|
0.000
|
|
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Sundry Debtors |
17.947
|
12.047
|
7.566
|
10.120
|
|
|
Cash & Bank Balances |
3.221
|
1.533
|
0.772
|
0.157
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
5.452
|
6.275
|
3.513
|
1.591
|
|
Total
Current Assets |
26.620
|
19.855 |
11.851 |
11.868 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
15.613
|
11.560
|
7.128
|
9.808
|
|
|
Other Current Liabilities |
0.000
|
0.222
|
0.227
|
0.869
|
|
|
Provisions |
1.451
|
0.864
|
0.041 |
0.376 |
|
Total
Current Liabilities |
17.064
|
12.646
|
7.396
|
11.053
|
|
|
Net Current Assets |
9.556
|
7.209
|
4.455
|
0.815
|
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.007 |
0.007 |
0.008 |
0.010 |
|
|
|
|
|
|
|
|
|
TOTAL |
12.071 |
7.839 |
5.190 |
1.480 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 Provisional |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
TOTAL INCOME |
102.527 |
92.885 |
71.275 |
68.763 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Freight, Shipping Line and Other Charges |
87.969 |
81.956 |
62.670 |
62.112 |
|
|
|
Administrative Expenses |
11.463 |
0.000 |
0.000 |
0.000 |
|
|
|
Advertisement |
0.000 |
0.263 |
0.245 |
0.090 |
|
|
|
Insurance |
0.000 |
0.487 |
0.504 |
0.051 |
|
|
|
Office Expenses |
0.000 |
0.151 |
0.150 |
0.222 |
|
|
|
Office Rent |
0.000 |
0.431 |
0.197 |
0.292 |
|
|
|
Salary |
0.000 |
2.282 |
2.033 |
1.510 |
|
|
|
Telephone Expenses |
0.000 |
0.155 |
0.176 |
0.164 |
|
|
|
Other Expenses |
0.000 |
4.365 |
65.975 |
2.932 |
|
|
|
TOTAL |
99.432 |
90.090 |
70.948 |
67.373 |
|
|
|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.095 |
2.795 |
0.327 |
1.390 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.214 |
0.167 |
0.194 |
0.118 |
|
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX |
2.881 |
2.628 |
0.133 |
1.272 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.893 |
0.812 |
0.041 |
0.376 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.988 |
1.816 |
0.092 |
0.896 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.88 |
-- |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 Provisional |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.94
|
1.96
|
0.13
|
1.30
|
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.81
|
2.83
|
0.19
|
1.85
|
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.89
|
12.84
|
1.06
|
10.16
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58
|
0.89
|
0.12
|
1.14
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.90
|
5.95
|
10.14
|
10.19
|
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56
|
1.57
|
1.60
|
1.07
|
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered office of the company has been shifted from Mohan Bhawan,
144/9, S1, Kishanagarh, Vasant Kunj,
------------------------------------------------------------------------------------------------------------------------------
WORKING
AND FINANCIAL RESULTS
the company was in the process to obtain the contracts of
Import and Started the Business of the Import and in the process of obtain the
business of Export as well as Import so that company will Started full capacity
of expertise of the director and its resources. Company is in the process to
appoint agents in different country to execute the business and expand the
business and make proper platform to execute the work, Current year company
doing good Business earn good profit. Directors are full effort to grow the
company and establish good market reputation. Directors are hopefully that
coming Year Company achieve good transaction and profit as well.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Jaina Marketing and Associates
· Caldron Graphics
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
§
Air Conditioner
§
Computer
§
Furniture and Fixture
§
Invertor
§
Mobile
§
Motor Cycle
§
Motor Car
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.44.52 |
|
|
1 |
Rs.71.90 |
|
Euro |
1 |
Rs.62.97 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.