MIRA
INFORM REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
TRANSLOG EXPRESS PRIVATE LIMITED |
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Registered
Office : |
B 902, Sagar Tech Plaza, |
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Country : |
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Date of
Incorporation : |
01.10.2009 |
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Com. Reg. No.: |
196170 |
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CIN No.: [Company Identification
No.] |
U74900MH2009PTC196170 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT15641D |
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PAN No.: [Permanent Account No.] |
AADCT2654F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Door to Door Delivery Solutions. |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. The company
achieved a sizable turnover in its very first year of operation. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some caution.
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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. Valancy D’Silva |
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Designation : |
Accounts Manager |
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Contact No.: |
91-22-42527208 |
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Date : |
03.05.2011 |
LOCATIONS
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Registered Office : |
B 902, |
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Tel. No.: |
91-22-42527208 |
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E-Mail : |
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Website : |
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Area : |
3500 sq.ft |
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Location : |
Owned |
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Branch : |
302, 3rd Floor, Ship Arcade, Cross Road, |
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Tel. No.: |
91-79-40500306 |
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Area : |
1000 sq.ft |
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Location : |
Owned |
DIRECTORS
AS ON 01.10.2009
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Name : |
Mr. Ramesh Ranjan Iyer |
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Designation : |
Director |
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Name : |
Mr. Ajay J Shukla |
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Designation : |
Director |
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Name : |
Mr. Kshitij P Hirlekar |
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Designation : |
Director |
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Date of Birth/Age : |
18.09.1964 |
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Name : |
Mrs. Neelima Nilesh Gupte |
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Designation : |
Director |
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Date of Birth/Age : |
30.04.1968 |
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Name : |
Mr. Rakesh Kumar Gupta |
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Designation : |
Director |
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Name : |
Mrs. Poornima Gupta |
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Designation : |
Director |
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Date of Birth/Age : |
18.09.1974 |
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Name : |
Mr. Nahid Ajay Shukla |
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Designation : |
Director |
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Date of Birth/Age : |
16.03.1966 |
KEY EXECUTIVES
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Name : |
Mr. Valancy D’Silva |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 01.10.2009
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Names of Shareholders |
No. of Shares |
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Mr. Nahid Ajay Shukla |
3000 |
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Mr. Kshitij P Hirlekar |
3000 |
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Mrs. Neelima Nilesh Gupte |
1000 |
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Mrs. Poornima Gupta |
3000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Providing Door to Door Delivery Solutions. |
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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 : |
82 Approximately |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N M and Associates Chartered Accountant |
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Address : |
Mumbai |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 01.10.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10 each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10 each |
Rs. 0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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650.000 |
130.000 |
Expected Sales (2011-2012) : Rs. 1000.000 millions
LOCAL AGENCY FURTHER INFORMATION
FORM 8
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Corporate
identity number of the company |
U74900MH2009PTC196170 |
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Name of the
company |
TRANSLOG EXPRESS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
B 902, |
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This form is for |
Creation of
charge |
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Type of charge |
Book debts |
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Particular of
charge holder |
Jankalyan Sahakari Bank, 140, Vivek Darshan Sindhi Society, Opposite Bhakti
Bhavan, Chambur, Mumbai 400071, Email: jkbcredit@jksbl.com |
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Nature of
instrument creating charge |
Agreement of
Hypothecation of Stocks and Book-Debts |
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Date of
instrument Creating the charge |
28.09.2010 |
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Amount secured by
the charge |
Rs. 7.500
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 13.25% per annum
with monthly rests Terms of repayment On Demand Margin As per sanction
terms Extent and operation of the charge To secure Cash
Credit (Hypothecation) facility of Rs.7.500 millions granted by the Bank to
the Company |
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Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of First Charge in favour of the Bank: All the present and future
Book-Debts, Outstanding Money Receivables, Claims and Bills chooses any
action contracts engagements and securities which are now due and owing or
which may at any time hereafter during the continuance of this securities
become due and owing to the borrower's in the course of its business by any
person, firm, company or by Government or any local or public body or
authority whatsoever (all of which are hereafter collectively referred to as
"the said debts") |
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.30 |
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1 |
Rs.73.90 |
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Euro |
1 |
Rs.65.57 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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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 |
YES |
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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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26 |
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 |
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.