MIRA
INFORM REPORT
|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIWORLD LOGISTICS PRIVATE LIMITED (w.e.f.07.01.2010) |
|
|
|
|
Formerly Known
As : |
UNI-WORLD LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
7th Floor, B Wing, K G N Towers, Commander In Chief Road,
Egmore, Chennai – 600105, Tamilnadu |
|
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|
Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
08.02.2002 |
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|
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Com. Reg. No.: |
18-048430 |
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Capital
Investment / Paid-up Capital : |
Rs. 61.072
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090TN2002PTC048430 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACU5187H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Freight Forwarding, Clearing and Forwarding and Warehousing
Services |
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|
No. of Employees
: |
Not Available |
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 1127000 |
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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 a satisfactory track record.
There appears some dip in the turnover and profits during 2012. However,
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) |
|
|
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
|
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.
LOCATIONS
|
Registered Office : |
7th Floor, B Wing, K G N Towers, Commander In Chief Road,
Egmore, Chennai – 600105, Tamilnadu, India |
|
Tel. No.: |
91-44-49108877 |
|
Mobile No : |
91-9840935091 / 9008030249 (Mr. Prem Kumar) |
|
Fax No.: |
91-44-49108810 |
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E-Mail : |
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Website : |
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|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
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|
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Corporate Office : |
225, 5th Main Street, Bed Extension, 4th Block,
Koramangola, Bangalore - 560034, Karnataka, India |
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Tel. No.: |
91-80-40833366 |
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Fax No.: |
91-80-40833472/ 71 |
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E-Mail : |
corporate@uniworld-logistics.com rammohan@uniworld-logistics.com |
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|
|
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Warehouse : |
A-11 and A-12, SIPCOT Industrial Park, Irungattukottai, Sripuram Bundar, Tamilnadu, India |
|
Tel No.: |
91-44-47162204 |
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Location : |
Rented |
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Branch Office : |
Located at: Ø Baroda Ø Aurangabad Ø Ahmadabad Ø Mumbai Ø Cochin Ø Chennai Ø Goa Ø Hyderabad Ø Kolkata Ø Ludhiana Ø New Delhi Ø Pune Ø Tirupur Ø Tuticorin Ø Visakhapatnam |
DIRECTORS
AS ON 14.09.2012
|
Name : |
Mr. Premkumar Michael Raj |
|
Designation : |
Managing director |
|
Address : |
#40, 4th Cross,
5th Block, Koramangala, Bangalore – 560095, Karnataka, India |
|
Date of Birth/Age : |
20.05.1963 |
|
Date of Appointment : |
08.02.2002 |
|
PAN No.: |
ACEPP2829G |
|
DIN No.: |
01662000 |
|
|
|
|
Name : |
Mrs. Femina Premkumar |
|
Designation : |
Director |
|
Address : |
#40, 4th Cross, 5th
Block, Koramangala, Bangalore – 560095, Karnataka, India |
|
Date of Birth/Age : |
11.02.1967 |
|
Date of Appointment : |
08.02.2002 |
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PAN No.: |
AANPP0323L |
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DIN No.: |
01677292 |
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|
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Name : |
Mrs. Vimala Rani Britto |
|
Designation : |
Director |
|
Address : |
# 5, N# 13, 3rd
Main Road, Kasturiba Nagar, Adyar, Chennai – 600020, Tamilnadu, India |
|
Date of Birth/Age : |
15.02.1966 |
|
Date of Appointment : |
29.03.2006 |
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PAN No.: |
AADPV8816C |
|
DIN No.: |
00767318 |
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|
|
|
Name : |
Felicia Prem |
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Designation : |
Additional director |
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Address : |
No. 40, 4th
Cross, V Block, Kormangala, Bangalore - 560095, Karnataka, India |
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Date of Birth/Age : |
14.05.1991 |
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Date of Appointment : |
07.05.2012 |
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DIN No.: |
05327357 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Premkumar |
3223225 |
47.50 |
|
Femina Prem |
1187500 |
17.50 |
|
Vimala Rani Britto |
2375000 |
35.00 |
|
|
|
|
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Total |
6785725 |
100.00 |
AS ON 14.09.2012
|
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 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
ASA and Associates Chartered Accountants |
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Address : |
New No. 39, 1st
Main Road, Ra Puram, Chennai – 600028, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFA4690A |
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Subsidiary
Company : |
Ø UWL Logistics
Limited, Hong Kong Ø Uniworld
Logistics (Malaysia) Sdn Bhd Ø Uniworld Logistics
Pte Limited, Singapore Ø Uwl Holdings Pte
Limited Ø Uniworld
Shanghai Freight Forwarders (Shanghai) Company Limited |
|
|
|
|
Associates : |
Ø Associated
Chemicals Ø Indev Logistics
Private Limited [U63012TN1997PTC037389] Ø Indev Shipping
Services Tuticorin Private Limited [U63090TN1997PTC039302] Ø BSV Shipping
Agencies Private Limited [U63012TN1997PTC037549] Ø Seaworld
Logistics Ø Ennore Cargo
Container Terminal Private Limited [U63021TN2004PTC054967] Ø Uniworld
Logistics, B V . Netherlands Ø Uniworld logistics
Taiwan Pte Limited Ø Uniworld
Logistics (Thailand) Company Limited |
CAPITAL STRUCTURE
AS ON 14.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,785,725 |
Equity Shares |
Rs. 10/- each |
Rs. 67.857
Millions |
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|
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AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,107,153 |
Equity Shares |
Rs. 10/- each |
Rs. 61.072
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
61.072 |
13.571 |
9.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
220.917 |
201.689 |
128.166 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
281.989 |
215.260 |
137.666 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
195.790 |
163.977 |
146.222 |
|
|
2] Unsecured Loans |
26.459 |
35.604 |
23.560 |
|
|
TOTAL BORROWING |
222.249 |
199.581 |
169.782 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.056 |
|
|
|
|
|
|
|
|
TOTAL |
504.238 |
414.841 |
308.504 |
|
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APPLICATION OF FUNDS |
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|
|
|
|
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FIXED ASSETS [Net Block] |
137.950 |
78.128 |
54.720 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
5.813 |
|
|
|
|
|
|
|
|
INVESTMENT |
51.555 |
51.555 |
46.377 |
|
|
DEFERRED TAX ASSETS |
8.577 |
7.280 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000
|
|
|
Sundry Debtors |
470.863
|
502.069 |
295.984
|
|
|
Cash & Bank Balances |
12.228
|
42.023 |
5.142
|
|
|
Other Current Assets |
52.042
|
45.572 |
0.000
|
|
|
Loans & Advances |
60.164
|
47.431 |
98.417
|
|
Total
Current Assets |
595.297
|
637.095 |
399.543 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
237.065
|
289.675 |
183.127 |
|
|
Other Current Liabilities |
28.870
|
14.191 |
5.861
|
|
|
Provisions |
23.206
|
55.351 |
8.961
|
|
Total
Current Liabilities |
289.141
|
359.217 |
197.949
|
|
|
Net Current Assets |
306.156
|
277.878 |
201.594
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
504.238 |
414.841 |
308.504 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
2897.791 |
3138.842 |
1622.688 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
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TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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|
Administrative Expenses |
|
|
|
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|
|
Advertising Expenses |
|
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|
|
|
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TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
117.775 |
151.109 |
20.875 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
39.386 |
52.978 |
6.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
78.389 |
98.131 |
14.485 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
354.064 |
363.649 |
53.830 |
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
18.391 |
2.216 |
N.A. |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.84 |
76.32 |
60.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.06
|
21.13 |
4.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.70 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79
|
0.93 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.77 |
2.02 |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and advances from related parties |
26.459 |
35.604 |
|
Total |
26.459 |
35.604 |
Note:
The registered office of the company has been shifted from Old No. 17,
Fourth North Beach Road, Mannady, Chennai – 600001, Tamilnadu, India to the
present w.e.f.06.02.2012
NATURE OF OPERATIONS
Subject was
incorporated in India on 2nd February 2002 to carry on the business of freight forwarding
and other allied services. It expanded its operations during 2008-09 to provide
warehousing and 3PL/4PL logistics services.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
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, Tamailnadu, India |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10248821 |
|
Type of charge |
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 Email: chander.kulathu@hdfcbank.com CIN No.:
L65920MH1994PLC080618 |
|
Nature of
description of the instrument creating or modifying the 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 particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit
13.50% Margin 25% Extent and Operation of the charge 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 50.000 Millions enhanced to Rs. 70.000 Millions. |
CONTINGENT
LIABILITIES
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Sevice 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 |
|
On Freight Profit for the period 01.04.09 to
31.03.10 |
3.782 |
0.000 |
|
Total |
45.114 |
41.332 |
FIXED ASSETS:
Ø
Buildings
Ø
Other building
Ø
Plant and equipment
Ø
Motor vehicles
Ø
Plant and Machinery
Ø
Furniture and Fixtures
Ø
Office Equipments
Ø
Vehicles
Ø
Computer
Ø
Computer equipments
Ø Other equipments
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 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. 54.44 |
|
|
1 |
Rs. 83.78 |
|
Euro |
1 |
Rs. 71.33 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.