|
Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAFE EXPRESS LIMITED (w.e.f.16.03.2010) |
|
|
|
|
Formerly Known
As : |
RUBEE LOGISTICS LIMITED (w.e.f.21.05.2008) PEBEE AIR SERVICES LIMITED |
|
|
|
|
Registered
Office : |
3, Chowringhee Approach, Basu House, 2nd Floor,
Kolkata-700072, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.09.2000 |
|
|
|
|
Com. Reg. No.: |
21-092420 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.507 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040WB2000PLC092420 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is the service provider of custom house agencies |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
accumulated losses recorded by the company. Trade relations are fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
3, Chowringhee Approach, Basu House, 2nd Floor,
Kolkata-700072, West Bengal, India |
|
Tel. No.: |
91-33-40106890 / 22126890 |
|
Fax No.: |
91-33-22126996 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sanjib Kumar Biswal |
|
Designation : |
Director |
|
Address : |
19/1, Chetla Road, Kolkata-700027, West Bengal, India |
|
Date of Birth/Age : |
01.07.1980 |
|
Date of Appointment : |
24.10.2007 |
|
DIN No.: |
00387173 |
Other Directorship:
|
Sr.
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 |
U63090WB1988PLC045636 |
RUBEE
AIR FREIGHT LIMITED |
Managing
director |
02-04-08 |
11-09-97 |
- |
Active |
NO |
|
2 |
U61100WB1993PTC058478 |
RUBEE
SHIPPING AGENCIES PRIVATE LIMITED |
Director |
20-10-07 |
07-03-00 |
- |
Active |
NO |
|
3 |
U63040WB2000PLC092420 |
SAFE
EXPRESS LIMITED |
Director |
24-10-07 |
15-09-00 |
- |
Active |
NO |
|
4 |
U29249WB1995PTC072043 |
RUBEE
TECH-TOOLS PRIVATE LIMITED |
Director |
14-03-08 |
18-11-02 |
- |
Active |
NO |
|
5 |
U51909WB1995PLC072342 |
RUBEE
FINANCE AND INVESTMENT INDIA LIMITED |
Director |
24-10-07 |
02-12-02 |
- |
Active |
NO |
|
6 |
U51109WB1995PTC070761 |
CHANNELISED
COMMODITIES PRIVATE LIMITED |
Director |
30-10-07 |
20-12-02 |
- |
Active |
NO |
|
7 |
U51909WB2004PTC099853 |
ALANKRIT
SALES PRIVATE LIMITED |
Director |
08-07-06 |
08-07-06 |
02-07-09 |
Active |
NO |
|
8 |
U29193WB2008PTC121584 |
SAFE
FIRE SYSTEMS PRIVATE LIMITED |
Director |
09-01-08 |
09-01-08 |
- |
Active |
NO |
|
Name : |
Mr. Lopamudra Patra |
|
Designation : |
Director |
|
Address : |
19/1, Chetla Road, Kolkata-700027, West Bengal, India |
|
Date of Birth/Age : |
07.07.1979 |
|
Date of Appointment : |
13.10.2010 |
|
DIN No.: |
02263093 |
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 |
U61100WB1993PTC058478 |
RUBEE
SHIPPING AGENCIES PRIVATE LIMITED |
Director |
01-08-08 |
01-08-08 |
21-10-11 |
Active |
NO |
|
2 |
U63040WB2000PLC092420 |
SAFE
EXPRESS LIMITED |
Director |
13-10-10 |
13-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Tapas Chatterjee |
|
Designation : |
Director |
|
Address : |
54/53, Bana Mali, Naskar Road, Kolkata-700060, West Bengal, India |
|
Date of Birth/Age : |
26.04.1963 |
|
Date of Appointment : |
13.10.2010 |
|
DIN No.: |
03325015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Pramod Biswal |
15300 |
|
Sanjib Biswal |
15000 |
|
Itishree Biswal |
10050 |
|
Satya Nayak |
100 |
|
Shyamali Chatterjee |
100 |
|
Snehalata Biswal |
10000 |
|
Lopamudra Patra |
50 |
|
Balram Patra |
50 |
|
Prabodh Biswal |
50 |
|
Total |
50700 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is the service provider of custom house agencies |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Axis Bank, Tollygunge, Kolkata, West Bengal, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Biswas Mustafa and Sahoo Chartered Accountant |
|
Address : |
13, S. N. Banerjee Road, 2nd Floor, Kolkata-700013, West
Bengal, India |
|
Telfax. No.: |
91-33-22277661 |
|
Mobile No.: |
91-9433003993/ 943360455 / 9433066439 |
|
E-Mail : |
|
|
Pan No.: |
AAHFB8181A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50700 |
Equity Shares |
Rs.10/- each |
Rs. 0.507
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.507 |
0.507 |
0.507 |
|
|
2] Share Application Money |
0.165 |
0.165 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.005 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.095) |
0.000 |
(0.019) |
|
|
NETWORTH |
0.577 |
0.677 |
0.488 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.577 |
0.677 |
0.488 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.006 |
0.010 |
0.018 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.310
|
0.480 |
0.000 |
|
|
Cash & Bank Balances |
0.079
|
0.101 |
0.408 |
|
|
Other Current Assets |
0.447
|
0.309 |
0.732 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
0.836
|
0.890 |
1.140 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.238
|
0.189 |
0.213 |
|
|
Other Current Liabilities |
0.025
|
0.019 |
0.454 |
|
|
Provisions |
0.002
|
0.015 |
0.003 |
|
Total
Current Liabilities |
0.265
|
0.223 |
0.670 |
|
|
Net Current Assets |
0.571
|
0.667 |
0.470 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.577 |
0.677 |
0.488 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.886 |
3.415 |
|
|
|
Other Income |
0.008 |
0.000 |
0.00 |
|
|
|
TOTAL |
0.008 |
0.886 |
3.415 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
0.000 |
0.716 |
3.271 |
|
|
|
Administrative Expenses |
0.105 |
0.127 |
0.097 |
|
|
|
TOTAL |
0.105 |
0.843 |
3.368 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.097) |
0.043 |
0.047 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.004 |
0.007 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
(0.101) |
0.036 |
0.042 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.001) |
0.012 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(0.100) |
0.024 |
0.039 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.005 |
(0.019) |
(0.058) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.095) |
0.005 |
(0.019) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.98) |
0.49 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(1250.00)
|
2.71 |
1.14 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.00)
|
4.06 |
1.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.00)
|
4.00 |
3.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18)
|
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.45
|
1.31 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15
|
3.99 |
1.70 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
----- |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
NOTE
Registered office has been shifted from 191, Chetla Road,
Kolkata-700027, West Bengal, India to the present address w.e.f.10.08.2008.
OPERATION
During the year, the company has nor attained a higher scale of
operation in comparison to the previous years. The Director’s efforts are on to
make good the operational level of the company and to make reach it at its
higher scale.
WEBSITE DETAILS
HISTORY
Subject began its journey in 1997 with just 9 offices and 12 vehicles, with a
focus on ensuring safety of cargo, achieving the fastest transit time by surface
across India and building the largest network. The company began with an
endeavor to create a corporate and organized working environment in the Indian
Supply Chain and Logistics industry. Today, Subject is a nationwide Supply
Chain and Logistics company, with over 3600 vehicles, over 567 destinations and
over 7 million square feet of warehousing space. Its network caters to every
square-inch of India, and with 48 Hubs and Mega Hubs, over 1000 routes and
vehicles covering over 600,000 kms every day, Subject delivers over 80 million
packages every year. Today, Subject is widely acknowledged as the 'Knowledge
Leader' and 'Market Leader' in Indian Supply Chain and Logistics industry and
offers customized and competitive logistics solutions.
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. 56.28 |
|
|
1 |
Rs. 88.25 |
|
Euro |
1 |
Rs. 70.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
13 |
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.