MIRA INFORM REPORT
|
Report Date : |
22.09.2012 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
UNIWORLD LOGISTICS PRIVATE LIMITED (w.e.f.07.01.2010) |
|
|
|
|
Formerly Known
As : |
UNI-WORLD LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, B Wing, K G N Towers, Commander In Chief Road,
Egmore, Chennai – 600105, Tamailnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.02.2002 |
|
|
|
|
Com. Reg. No.: |
18-048430 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.571 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090TN2002PTC048430 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEU0450E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU5187H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Freight Forwarding, Clearing and Forwarding and Warehousing
Services |
|
|
|
|
No. of Employees : |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 860000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Company has
performed well in the year 2010-2011. 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 for normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. B. Ramesh |
|
Designation : |
Credit Finance Manager |
|
Contact No.: |
91-9741411078 |
|
Date : |
17.09.2012 |
LOCATIONS
|
Registered Office : |
7th Floor, B Wing, K G N Towers, Commander In Chief Road,
Egmore, Chennai – 600105, Tamailnadu, India |
|
Mobile No : |
91-9840935091 / 9008030249 (Mr. Prem Kumar) |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
225, 5th Main Street, Bed Extension, 4th Block,
Koramangola, Banglore-560034, India |
|
Tel. No.: |
91-80-40833366 |
|
Mobile No : |
91-9811123113 (Mr. Deepankar Parashar) 91-9967300033 (Mr. Akash Samat) 91-9910897083 (Mr. Nihar Parida) |
|
Fax No.: |
91-80-40833471 |
|
E-Mail : |
corporate@uniworld-logistics.com rammohan@uniworld-logistics.com |
|
|
|
|
Warehouse : |
A-11 and A-12, SIPCOT Industrial Park, Irungattukottai, Sripuram Bundar, Tamilnadu, India |
|
Tel No.: |
91-44-47162204 |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Mumbai 3H, Rushabh Chambers, Off Makawana Road, Marol, Andheri (East), Mumbai
400 059, Maharashtra, India Tel No.: 91-22-42568989 Ahmadabad B/405-406, Sakar VII, Nehru Bridge Corner, Ashram Road,
Ahmadabad-380009, Gujarat, India Tel No : 91-79-26574444 Fax No : 91-79-26582396 E-mail : ahm@uniworld-logistics.com pushapam@uniworld-logistics.com Aurangabad B-20, MIDC, Chikalthana, Aurangabad-431210, Maharashtra, India Tel No : 91-240-2480356 Fax No : 91-240-2480357 E-mail : agb@uniworld-logistics.com Baroda 317, Abhishek Complex, Near Swami Pramukh Circle, Old Padra Road,
Baroda, Gujarat, India Tel No : 91-265-6566687 E-mail : freddy@uniworld-logistics.com
Chennai No.64, IV North Beach Road, Off Krishnan Koil Street, Chennai-600001,
Tamil Nadu, India Tel No : 91-44-42984400 Fax No :91-44-25266237 E-mail : admin.che@uniworld-logistics.com arup.das@uniworld-logistics.com
Branches Located
At Cochin Goa Hyderabad Kolkata Ludhiana New Delhi Pune Tirupur Tuticorin Visakhapatnam |
DIRECTORS
As On : 02.09.2011
|
Name : |
Mr. Prem Kumar Michael |
|
Designation : |
Director |
|
Address : |
40, 4th cross, 5th Block, Koramangala, Bangalore
– 560095, Karnataka, India |
|
Date of Birth/Age : |
20.05.1963 |
|
Qualification : |
B.E. (Hons) |
|
Date of Appointment : |
08.02.2002 |
|
DIN No : |
01662000 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63090TN2002PTC048430 |
UNIWORLD
LOGISTICS PRIVATE LIMITED |
Managing
director |
08/02/2002 |
08/02/2002 |
- |
Active |
NO |
|
2 |
U74999KA2011PTC060508 |
UNIWORLD
LIFESTYLE SOLUTIONS PRIVATE LIMITED |
Managing
director |
08/12/2011 |
08/12/2011 |
- |
Active |
NO |
|
Name : |
Mrs. Femina Premkumar Lourdes |
|
Designation : |
Director |
|
Address : |
40, 4th cross, 5th Block, Koramangala, Bangalore
– 560095, Karnataka, India |
|
Date of Birth/Age : |
11.02.1967 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
08.02.2002 |
|
DIN No : |
01677292 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63090TN2002PTC048430 |
UNIWORLD
LOGISTICS PRIVATE LIMITED |
Director |
08/02/2002 |
08/02/2002 |
- |
Active |
NO |
|
2 |
U74999KA2011PTC060508 |
UNIWORLD
LIFESTYLE SOLUTIONS PRIVATE LIMITED |
Director |
20/09/2011 |
20/09/2011 |
- |
Active |
NO |
|
Name : |
Mrs. Vimala Rani Britto |
|
Designation : |
Director |
|
Address : |
Old No.5, New No.13, 3rd Main Road, Kasturba Nagar, Adyar, Chennai-
600020, Tamil Nadu, India |
|
Date of Birth/Age : |
15.02.1966 |
|
Date of Appointment : |
29.03.2006 |
|
DIN No : |
00767318 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63012TN1996PTC035619 |
KERRY
RELIABLE LOGISTICS PRIVATE LIMITED |
Director |
31/05/1996 |
31/05/1996 |
25/09/2006 |
Active |
NO |
|
2 |
U70101TN1996PTC036344 |
INDEV
HOLDINGS PRIVATE LIMITED |
Director |
19/08/1996 |
19/08/1996 |
- |
Active |
NO |
|
3 |
U63012TN1997PTC037389 |
INDEV
LOGISTICS PRIVATE LIMITED. |
Whole-time
director |
02/07/1999 |
27/01/1997 |
- |
Active |
NO |
|
4 |
U63012TN1997PTC037549 |
B.S.V.SHIPPING
AGENCIES PRIVATE LIMITED |
Director |
18/02/1997 |
18/02/1997 |
- |
Active |
NO |
|
5 |
U63090TN1997PTC039302 |
INDEV
SHIPPING SERVICES (TUTICORIN) PRIVATE LIMITED |
Director |
23/10/1997 |
23/10/1997 |
- |
Amalgamated |
NO |
|
6 |
U63090TN2002PTC048430 |
UNIWORLD
LOGISTICS PRIVATE LIMITED |
Director |
29/03/2006 |
29/03/2006 |
- |
Active |
NO |
|
7 |
U63021TN2004PTC054967 |
ENNORE
CARGO CONTAINER TERMINAL PRIVATE LIMITED |
Director |
01/04/2007 |
01/04/2007 |
- |
Active |
NO |
|
8 |
U63020TN2008PTC067363 |
CONTINENTAL
CONTAINER FREIGHT STATIONS PRIVATE LIMITED |
Director |
16/04/2008 |
16/04/2008 |
- |
Amalgamated |
NO |
|
9 |
U74999TN2009PTC072836 |
INDEV
LOGISTICS PARK PRIVATE LIMITED |
Director |
08/09/2009 |
08/09/2009 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. B. Ramesh |
|
Designation : |
Credit Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 02.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Prem Kumar Michael |
|
644645 |
|
Femina Premkumar Lourdes |
|
237500 |
|
Vimala Rani Britto |
|
475000 |
|
Total |
|
1357145 |
List of Allottees
As on 11.04.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Prem Kumar Michael |
|
322322 |
|
Femina Premkumar Lourdes |
|
118750 |
|
Vimala Rani Britto |
|
237500 |
|
Total |
|
678572 |
List of Allottees
As on 05.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Prem Kumar Michael |
|
2256258 |
|
Femina Premkumar Lourdes |
|
831250 |
|
Vimala Rani Britto |
|
1662500 |
|
Total |
|
4750008 |
As on 02.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Freight Forwarding, Clearing and Forwarding and Warehousing
Services |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Others (Corporate) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ASA and Associates Chartered Accountants |
|
Address : |
New No.39, First |
|
PAN No.: |
AADPJ4537A |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
After 02.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs. 10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6785725 |
Equity Shares |
Rs. 10/- each |
Rs.67.857
Millions |
|
|
|
|
|
As On 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1357145 |
Equity Shares |
Rs. 10/- each |
Rs. 13.571
millions |
|
|
|
|
|
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 |
13.571 |
9.500 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
201.689 |
128.166 |
93.181 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
215.260 |
137.666 |
95.181 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
171.807 |
146.222 |
126.341 |
|
|
2] Unsecured Loans |
35.604 |
23.560 |
14.560 |
|
|
TOTAL BORROWING |
207.411 |
169.782 |
140.901 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.056 |
0.431 |
|
|
|
|
|
|
|
|
TOTAL |
422.671 |
308.504 |
236.513 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
78.127 |
54.720 |
53.289 |
|
|
Capital work-in-progress |
0.000 |
5.813 |
12.066 |
|
|
|
|
|
|
|
|
INVESTMENT |
51.555 |
46.377 |
43.701 |
|
|
DEFERREX TAX ASSETS |
7.280 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
502.069
|
295.984
|
216.243
|
|
|
Cash & Bank Balances |
42.023
|
5.142
|
7.640
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
133.306
|
98.417
|
72.177
|
|
Total
Current Assets |
677.398
|
399.543
|
296.060 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
289.675 |
183.127 |
163.525 |
|
|
Other Current Liabilities |
12.143
|
5.861
|
4.793
|
|
|
Provisions |
89.871
|
8.961
|
0.285
|
|
Total
Current Liabilities |
391.689
|
197.949
|
168.603 |
|
|
Net Current Assets |
285.709
|
201.594
|
127.457
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
422.671 |
308.504 |
236.513 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
3108.346 |
1622.688 |
1885.941 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX |
151.109 |
20.875 |
21.889 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
52.978 |
6.390 |
10.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT
AFTER TAX |
98.131 |
14.485 |
11.738 |
|
|
|
|
|
|
|
|
|
|
EXPORT
VALUE |
363.649 |
53.830 |
18.050 |
|
|
|
|
|
|
|
|
|
|
Earnings
Per Share (Rs.) |
76.32 |
60.56 |
58.68 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
2800.000 (Due to Market
Fluctuation) |
Expected Sales (2012-2013) : Rs.3000.000 Millions
The above information has been parted by Mr. B. Ramesh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.00
|
4.60
|
6.27
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.70
|
0.15
|
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.78
|
4.14
|
3.26
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73
|
2.02
|
1.76
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office address of the company has been shifted from “Old No.
17, Fourth North Beach Road, Mannady, Chennai – 600001, Tamil Nadu, India” to
the present address w.e.f. 06.02.2012
BACKGROUND
The company is primarily engaged in the
business of freight forwarding and other services and warehouse operations.
CONTINGENT
LIBILITIES
(Rs.
In Millions)
|
Particular |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Appeal Pending with CESTAT:- |
|
|
|
Service tax Demand : |
|
|
|
-
On freight Profit For the Period 01-07-2003 to
31-03-2008. |
15.902 |
15.902 |
|
-
Penalty On Above |
16.000 |
16.000 |
|
-
On freight Profit For the Period 01-04-2008 to
31-03-2009 |
8.637 |
8.637 |
|
-
CENVAT Credit Wrongly availed for the period
01-07-2003 to 31-03-2008 |
0.393 |
0.393 |
|
-
Penalty under Section 78 |
0.400 |
0.400 |
|
|
|
|
|
Claims Not Acknowledged as Debt |
|
|
|
Notice dated 18.10.2010 to Show Cause Why service tax not paid on the
Freight profit for the period 01-04-2009 to 31-03-2010. |
3.782 |
0.000 |
FORM: 8
|
Corporate
identity number of the company |
U63090TN2002PTC048430 |
|
Name of the
company |
UNIWORLD LOGISTICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7th Floor, B Wing, K G N Towers, Commander In Chief Road, Egmore,
Chennai – 600105, Tamil Nadu, India E-mail Id : bramesh.corp@uniworld-logistics.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10248821 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India E-mail id : chander.kulathu@hdfcbank.com
|
|
Nature of instrument creating charge |
Supplemental letter of hypothecation of stocks and book debts |
|
Date of instrument Creating the charge |
11/07/2012 |
|
Amount secured by the charge |
Rs. 70.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Cash Credit 13.50% Terms of
repayment : Refer Attached Agreement Margin : 25% Extent and
Operation : Secured
against stocks and book debts |
|
Short Particulars of the property charged |
Secured
against stocks and book debts |
|
Particulars of the present modification |
The
present limit of cash credit Rs.500.000 Millions enhanced to Rs.700.000
Millions. |
FIXED ASSETS:
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Vehicles
- Computer
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.