MIRA
INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ALPHA LOGISTIC SERVICES PRIVATE LIMITED |
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Registered Office : |
165-A, Pocket – I, Mayur Vihar Phase – 1, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
22.01.2002 |
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Com. Reg. No.: |
55-113919 |
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Capital Investment / Paid-up Capital : |
Rs.0.403 Million |
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CIN No.: [Company
Identification No.] |
U63013DL2002PTC113919 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA15078A |
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PAN No.: [Permanent
Account No.] |
AAECA0494R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Freight Forwarding and Consolidating Agents |
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Employees : |
12 (In office 08 + In factory 04) |
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 11016 |
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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 dealing 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
|
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
|
Name : |
Mr. Deepak Kumar Srivastava |
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Designation : |
Operations Manager |
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Date : |
15.10.2011 |
LOCATIONS
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Registered Office : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Tel. No.: |
91-11-26488558/26488357 |
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Fax No.: |
91-11-26488256/26488358 |
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E-Mail : |
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Website : |
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Administrative Office/ Head Office :Head Office : |
K-64A, Kalkaji, |
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Tel. No.: |
91-11-26488356 / 57 / 41629910 / 26425601 |
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Fax No.: |
91-11-26488258 |
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Branches : |
Located
at : v
Office No. 1, Kukreja Estate, Sec. 11, C.B.D.
Belapur, Navi Mumbai v
154, Dada Pota Complex, Sukhdev Vihar, Panipat,
Haryana v
Room No. 2, v
117-4-2/13, Pandav Nagar, |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Puneet Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
25.05.1970 |
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Date of Appointment : |
22.01.2002 |
Other Directorship:
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S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U63013DL2002PTC113919 |
ALPHA LOGISTIC SERVICES
PRIVATE LIMITED |
Director |
22/01/2002 |
22/01/2002 |
- |
Active |
NO |
|
2 |
U63013DL2003PTC119754 |
ALPHA CLEARING AND
FORWARDING AGENCIES PRIVATE LIMITED |
Director |
04/04/2003 |
04/04/2003 |
- |
Active |
NO |
|
Name : |
Ms. Ambika Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
23.06.1969 |
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Date of Appointment : |
22.01.2002 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U63013DL2002PTC113919 |
ALPHA LOGISTIC SERVICES
PRIVATE LIMITED |
Director |
22/01/2002 |
22/01/2002 |
- |
Active |
NO |
|
2 |
U63013DL2003PTC119754 |
ALPHA CLEARING AND
FORWARDING AGENCIES PRIVATE LIMITED |
Director |
04/04/2003 |
04/04/2003 |
- |
Active |
NO |
|
Name : |
Ms. Bimla Sharma |
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Designation : |
Director |
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Address : |
165-A, PKT – I, Mayur Vihar Phase – 1, |
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Date of Birth/Age : |
22.11.1945 |
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Date of Appointment : |
22.01.2002 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U63013DL2002PTC113919 |
ALPHA LOGISTIC SERVICES
PRIVATE LIMITED |
Director |
22/01/2002 |
22/01/2002 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Kumar Srivastava |
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Designation : |
Operations Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
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No. of Shares |
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Mr. Puneet Sharma |
|
40100 |
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Ms. Ambika Sharma |
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100 |
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Ms. Bimla Sharma |
|
100 |
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Total |
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40300 |
Equity Share Breakup
AS ON 30.09.2010
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Category |
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Percentage of
Holding |
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Directors of 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 : |
Freight Forwarding and Consolidating Agents |
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Products : |
v
International Freight Forwarders v
Custom Clearing Agent v
Consolidators
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers: |
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Employees : |
12 (In office 08 + In factory 04) |
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Bankers : |
Canara Bank,
Maharani Bagh, Siddharth Enclave, New Delhi - 110014, Delhi, India |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Antima and Goel Chartered Accountants |
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Address : |
A – 6, Defence Colony, |
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E-Mail : |
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Sister Concern : |
Alfa Clearing and Forwarding Agent |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50,000 |
Equity Shares |
Rs.10/-each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
40,300 |
Equity Shares |
Rs.10/-each |
Rs.0.403 Million |
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Share Application Money |
|
Rs.0.500 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
0.403 |
0.403 |
0.403 |
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2] Share Application Money |
0.500 |
0.500 |
0.500 |
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3] Reserves & Surplus |
1.851 |
1.685 |
1.423 |
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4] (Accumulated Losses) |
0.000
|
0.000
|
0.000 |
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NETWORTH |
2.754 |
2.588 |
2.326 |
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LOAN FUNDS |
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1] Secured Loans |
1.419 |
1.181 |
0.530 |
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2] Unsecured Loans |
3.072 |
5.280 |
7.901 |
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TOTAL BORROWING |
4.491 |
6.461 |
8.431 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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DIRECTORS BALANCES |
0.986 |
0.043 |
0.000 |
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TOTAL |
8.231 |
9.092 |
10.757 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.343 |
5.473 |
2.796 |
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Capital work-in-progress |
0.000
|
0.000
|
0.000 |
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INVESTMENT |
0.395 |
0.395 |
0.473 |
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DEFERREX TAX ASSETS |
0.000
|
0.000
|
0.000 |
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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 |
4.347
|
5.211
|
6.090 |
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Cash & Bank Balances |
0.140
|
0.186
|
0.984 |
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Other Current Assets |
0.229
|
0.712
|
1.894 |
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Loans & Advances |
0.000
|
0.000
|
0.000 |
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Total
Current Assets |
4.716
|
6.109
|
8.968 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000
|
0.000 |
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Other Current Liabilities |
2.135
|
2.744
|
1.345 |
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Provisions |
0.088
|
0.141
|
0.135 |
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Total
Current Liabilities |
2.223
|
2.885
|
1.480 |
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Net Current Assets |
2.493
|
3.224
|
7.488 |
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MISCELLANEOUS EXPENSES |
0.000
|
0.000
|
0.000 |
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TOTAL |
8.231 |
9.092 |
10.757 |
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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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SALES |
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TOTAL |
29.387 |
40.277 |
NA |
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Less |
EXPENSES |
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TOTAL |
29.119 |
39.851 |
NA |
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PROFIT BEFORE
TAX |
0.268 |
0.426 |
0.438 |
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Less |
TAX |
0.103 |
0.163 |
NA |
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PROFIT AFTER TAX
|
0.165 |
0.263 |
NA |
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Earnings Per
Share (Rs.) |
4.09 |
6.52 |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.56
|
0.65
|
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.66
|
3.68
|
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.16
|
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.44
|
3.63
|
1.26 |
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Current Ratio (Current Asset/Current Liability) |
|
2.12
|
2.12
|
6.06 |
LOCAL AGENCY FURTHER INFORMATION
CORPORATE RESULT:-
The Company has Earned a Net Profit of Rs.0.426 million. The directors
anticipate even year on 31.03.2009
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90044092 |
|
Corporate
identity number of the company |
U63013DL2002PTC113919 |
|
Name of the
company |
ALPHA LOGISTIC SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
165-A, PKT – I, Mayur Vihar Phase – 1, |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
Canara Bank,
Maharani Bagh, New Delhi-110 014, |
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
Agreement |
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Date of
instrument Creating the charge |
31.10.2006 |
|
Amount secured by
the charge |
Rs.3.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @ 3.50% p.a.
above ongoing BPLR of the Bank with a minimum of 15% p.a. compounded monthly. Terms of
Repayment Payable on Demand Margin 40% or as may be
stipulated by the Bank form time to time Extent and
Operation of the charge 100% Others To secure ODBD
limit of Rs.3.000 Millions granted to the Company together with all
interests, costs, charges expenses etc. |
|
Short particulars
of the property charged |
First charge on
all the Borrower’s present and future book-debts, outstanding, money
receivables, claims and bills which are now due and owing or which may at any
time hereafter during the continuance of this security become due and owing
to the borrower in the course of its business by any person, firm, company or
by the Government or any local or public body or authority. |
|
Date of latest
modification prior to the present modification |
07.03.2005 |
|
Particulars of
the present modification |
The ODBD limit
stands enhanced from Rs. 1.500 Millions to Rs. 3.000 Millions Interest rate
stands changed to @ 3.50% p.a. above ongoing BPLR of the Bank with a minimum
of 15% p.a. compounded monthly. Other terms and
conditions remained the same. |
|
Corporate identity number of the company |
U63013DL2002PTC113919 |
|
Name of the company |
ALPHA LOGISTIC SERVICES PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
165-A, PKT – I, Mayur Vihar Phase – 1, |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts |
|
Particular of charge holder |
CANARA BANK |
|
Nature of instrument creating charge |
Agreement Re: Advances Against Book-Debts
as prime security |
|
Date of instrument Creating the charge |
15/02/2011 |
|
Amount secured by the charge |
Rs.2.500 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest presently @ 13.00% p.a. or such other
rates as applicable from time to time. Terms of Repayment Payable on Demand Extent and Operation of the charge 100% to secure ODBD limit of Rs. 25.00
Lacs together with interest and all other costs as applicable from time to
time. |
|
Short particulars of the property charged |
Hypothecation by way of first charge over
all the present and future book-debts, outstanding moneys, receivables,
claims, bills, etc. |
FIXED ASSETS:-
v Air Conditioners
v Car
v Computer
v Cycle
v Furniture
v Office Equipment
v Scooters
v Wireless System
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.49.06 |
|
|
1 |
Rs.77.41 |
|
Euro |
1 |
Rs.67.72 |
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 |
NO |
|
--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.