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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAI LOGISTICS |
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Registered
Office : |
No. 35, 1st Floor, 4th Main Road, Behind Syndicate
Bank, Konena Agrahara, HAL, Bengaluru – 560017, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
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Year of
Establishment : |
2007 |
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Capital
Investment/ Paid-up Capital: |
Rs.3.500 Millions |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Service providers of Importer and Exporter in the areas of
International Freight Forwarding by Air/ Sea and Customs Clearance
Transportation and related Services. |
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No. of
Employees: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 14000 |
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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 tracks.
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
LOCATIONS
|
Registered Office/ Warehouse : |
No. 35, 1st Floor, 4th Main Road, Behind
Syndicate Bank, Konena Agrahara, HAL, Bengaluru – 560017, Karnataka,
India |
|
Tel. No.: |
91-80-41205507 |
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Mobile No.: |
91-9632813948 (Mr. G. Manohar Lal) |
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Fax No.: |
91-80-25233415 |
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E-Mail : |
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Area : |
600 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. G. Manohar Lal |
|
Designation : |
Proprietor |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Retd IAF (Medical Wing) |
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Experience : |
5 Years |
BUSINESS DETAILS
|
Line of Business : |
Service providers of Importer and Exporter in the areas of International
Freight Forwarding by Air/ Sea and Customs Clearance Transportation and
related Services. |
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|
|
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Terms : |
|
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Selling : |
Advance Payment/ Upto 45 days |
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|
|
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Purchasing : |
Upto 60 days |
GENERAL INFORMATION
|
Suppliers : |
·
Redson Shipping Service, Chennai ·
Raj Impex, Tuticorin ·
Sunshine Logistics, Hyderabad ·
Fly Jack, Kochi ·
On Dot, Delhi |
|
|
|
|
Customers : |
·
International Stones, Hosur ·
Madhucon Granites, Bangalore ·
Pacific Granites, Bangalore ·
Tech Park Hotel, Bangalore ·
Inter Globe Hotels, Bangalore |
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|
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No. of Employees : |
8 (Approximately) |
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|
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Bankers : |
·
HDFC Bank, Jakkasandra and Old Airport Road
Branches, Bangalore, Karnataka, India ·
Kotak Mahindra Bank Limited, Koramangala,
Bangalore, Karnataka, India ·
State Bank of Hyderabad HSR Layout, Bangalore,
Karnataka, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jayaraj M. P. and Company Chartered Accountants |
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Address : |
Bangalore, Karnataka, India |
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Memberships : |
Institute of Ship Brokers, London |
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Sister Concern : |
Sai Logistics and Services, Bangalore |
CAPITAL STRUCTURE
As on: 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.3.500 Millions (Approximately) |
|
Borrowed : |
-- |
|
Total : |
Rs.3.500 Millions (Approximately) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
20.000 |
15.000 |
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|
|
|
|
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Profit/Loss for the year |
|
1.800 |
1.100 |
Expected Sales (Projection) (2012-2013): Rs.30.000 Millions
Profit/Loss for the year (2012-2013): Rs.2.500 Millions
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last two years |
Yes |
|
Profitability
for last two years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
No |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
No |
AS PER WEBSITE DETAILS:
PROFILE
Subject are a renowned service provider
engaged in offering a comprehensive assortment of Logistic Services. Our
service gamut includes Customs Clearance, Air Freight Forwarding, Sea Freight Forwarding,
Import and Export Consultation, and Project Movement. Our Logistic Solutions
are highly acclaimed in the market for being prompt and reliable. They nurture
a global network that enables us to fulfill the requirement of our customers
across the world. Moreover, they have with us a team of expert professionals
who maintain superior working standards to offer a strong and secure base of
Logistical Solutions at all stages. These professionals have expertise in
handling Ex Works, FOB, C and F, CIF, DDU, and DDP shipments to or from India
from or to the world.
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.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
4 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--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.