MIRA
INFORM REPORT
|
Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANSPOLE LOGISTICS PRIVATE LIMITED |
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Formerly Known
As : |
TRANSPOLE LOGISTICS LIMITED (31.03.2011) TRANSPOLE LOGISTICS PRIVATE LIMITED (w.e.f.16.03.2007) TRANSPOLE LIGISTICS PRIVATE LIMITED (w.e.f. 16.10.2006) TRANSCEND LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
A-173, 1st Floor, Road No.4, Street No.10, Mahipalpur
Extension, New Delhi-110037 |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
30.08.2004 |
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Com. Reg. No.: |
55-128680 |
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Capital
Investment / Paid-up Capital : |
Rs. 622.459 Millions |
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CIN No.: [Company Identification
No.] |
U63013DL2004PTC128680 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is a logistics Company providing worldwide services in
international freight forwarding, logistics, warehousing and distribution services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 3900000 |
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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. The company has recorded better growth in its revenue from operation
and profits during 2012. Trade relations are decent. Business is active. Payment terms are
usually correct and as per commitment. The company can be considered 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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long Term Rating) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
09.01.2013 |
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Rating Agency Name |
CRISIL |
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Rating |
A3+ (Short Term Rating) |
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Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
09.01.2013 |
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 / Head Office : |
A-173, 1st Floor, Road No.4, Street No.10, Mahipalpur
Extension, New Delhi-110037, India |
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Tel. No.: |
91-11-40618000 |
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Fax No.: |
91-11-40618099 |
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E-Mail : |
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Website : |
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Branch Office : |
Locate At ·
Ahmedabad ·
Bangalore ·
Chennai ·
Cochin ·
Hyderabad ·
Kanpur ·
Kolkata ·
Ludhiana ·
Mumbai ·
Pune ·
Vadodara ·
Visakhapatnam |
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Overseas Office : |
Located At ·
Singapore ·
Seoul Korea ·
Malaysia ·
Hong Kong ·
Shanghai |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vivek Shukla |
|
Designation : |
Director |
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Address : |
Flat No.9889, C-9, G/F, Vasant Kunj, Delhi-110070, India |
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Date of Birth/Age : |
16.09.1970 |
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Date of Appointment : |
30.08.2004 |
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PAN No.: |
AXWPS2391F |
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DIN No.: |
00301935 |
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Name : |
Mr. Rajesh Kumar Dugar |
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Designation : |
Director |
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Address : |
31, Chitrakoot, Altamount Road, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
01.07.1969 |
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Date of Appointment : |
16.05.2011 |
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DIN No.: |
00307729 |
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Name : |
Mr. Rajeev Kathuria |
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Designation : |
Director |
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Address : |
B-15/41, Leiah Apartments, Vasundra Enclave, Delhi-110096, India |
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Date of Birth/Age : |
23.07.1968 |
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Date of Appointment : |
01.05.2006 |
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PAN No.: |
AEMPK6041B |
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DIN No.: |
00364980 |
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Name : |
Mr. Anant Kumar Choudhary |
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Designation : |
Director |
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Address : |
9899-C-9, F/FS/F, Vasant Kunj, Delhi-110070, India |
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Date of Birth/Age : |
18.12.1978 |
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Date of Appointment : |
24.03.2008 |
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PAN No.: |
AEZPC1211J |
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DIN No.: |
00365314 |
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Name : |
Ms. Pushpa Rai |
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Designation : |
Director |
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Address : |
1102, Block-1, 10th Floor, The Great Lyallpur, Co-operative
Housing Society Limited, Plot No.35, Sector-10, Dwarka, Delhi-110075, India |
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Date of Birth/Age : |
11.07.1973 |
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Date of Appointment : |
30.08.2004 |
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PAN No.: |
AGXPR2891M |
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DIN No.: |
01226663 |
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Name : |
Ms. Shalini Choudhary |
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Designation : |
Director |
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Address : |
9899-C-9, F/FS/F, Vasant Kunj, Delhi-110070, India |
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Date of Birth/Age : |
15.09.1982 |
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Date of Appointment : |
01.11.2010 |
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PAN No.: |
AFGPC2968G |
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DIN No.: |
01237982 |
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Name : |
Mr. Pravin Chand Rai |
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Designation : |
Director |
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Address : |
1102, Block-1, 10th Floor, The Great Lyallpur, Co-operative
Housing Society Limited, Plot No.35, Sector-10, Dwarka, Delhi-110075, India |
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Date of Birth/Age : |
10.12.1972 |
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Date of Appointment : |
04.10.2010 |
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PAN No.: |
AGXPR2892J |
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DIN No.: |
02602714 |
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|
Name : |
Mr. Abhinav Sinha |
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Designation : |
Director |
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Address : |
Flat No 1902, a Wing, Sukhada Apartments, Worli, Pochkhanwala Road,
Mumbai-400018, Maharashtra, India |
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Date of Birth/Age : |
05.05.1976 |
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Date of Appointment : |
16.05.2011 |
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DIN No.: |
02654104 |
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Name : |
Mr. Gurdip Singh |
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Designation : |
Director |
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Address : |
825/3, R K Puram, New Delhi-110022, India |
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Date of Birth/Age : |
08.12.1948 |
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Date of Appointment : |
01.11.2009 |
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DIN No.: |
02922195 |
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Name : |
Mr. Atma Ram |
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Designation : |
Director |
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Address : |
R-6-148, Sector-6, Rajnagar, Ghaziabad-201002, Uttar Pradesh, India |
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Date of Birth/Age : |
15.02.1936 |
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Date of Appointment : |
20.12.2006 |
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DIN No.: |
03024079 |
KEY EXECUTIVES
|
Name : |
Ms. Versha Saroha |
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Designation : |
Secretary |
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Address : |
70-B, DDA Flats, Sector -10, Dwarka, Delhi-110075, India |
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Date of Birth/Age : |
11.03.1986 |
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Date of Appointment : |
20.02.2012 |
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PAN No.: |
BMJPS0615P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Pushpa Rai |
314600 |
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Shalini Choudhary |
403667 |
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Vivek Shukla |
675000 |
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Rajev Kathuria |
225000 |
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Anant Kumar Choudhary |
271333 |
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Pravin Chand Rai |
360400 |
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Atma Ram |
10 |
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Fidelity India Principals, India
|
1 |
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Fil Capital Management, India |
99 |
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TOTAL
|
2250110 |
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Names of Compulsory Convertible Preference Shareholders |
No. of Shares |
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Fidelity India Principals, India
|
12597 |
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Fil Capital Management, India |
1414990 |
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TOTAL
|
1427587 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
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TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a
logistics Company providing worldwide services in international freight forwarding,
logistics, warehousing and distribution services. |
GENERAL INFORMATION
|
Customers : |
·
LG ·
Samsung ·
Tomen Electronics ·
Hitachi Inspire the Next ·
Goodyear ·
USHA ·
Tata Teleservices Limited ·
Roca ·
Moserbaer ·
ABB ·
Denso |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of Bikaner and Jaipur, D-10, Shopping
Centre, Vivek Vihar, Delhi-110095, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Gaur V K and Company Chartered Accountant |
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Address : |
2140, Bhagat Singh Street No.2, Rajguru Road, Pahar Ganj, India |
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PAN No.: |
AABBG2624M |
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Name : |
Walker, Chndiok and Company Chartered Accountant |
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Address : |
L-41, Connaught Circus, India |
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PAN No.: |
AAAFW4298E |
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Subsidiaries : |
·
Transpole Container Lines Private Limited,(India) ·
Transpole Logistics Pte. Limited, (Singapore) ·
Transpole Logistics Company Limited, (Korea) ·
Transpole Logistics Private Limited, (Hong Kong) ·
Transpole Logistics Holdings Company Limited,
(Hong Kong) ·
Transpole Logistics Sdn. Bhd., (Malaysia) ·
Transpole Logistics Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
1427700 |
Preference Shares |
Rs.420.26/- each |
Rs. 600.005 Millions |
|
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TOTAL |
|
Rs. 650.005
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250110 |
Equity Shares |
Rs.10/- each |
Rs. 22.501
Millions |
|
1427587 |
Preference Shares |
Rs.420.26/- each |
Rs. 599.958 Millions |
|
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TOTAL |
|
Rs. 622.459 Millions |
AS ON 29.09.2012
Authorised Capital : Rs. 800.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 747.149
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 |
622.459 |
22.500 |
22.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
361.446 |
159.341 |
66.259 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
983.905 |
181.841 |
88.759 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
299.523 |
322.056 |
151.285 |
|
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2] Unsecured Loans |
0.729 |
4.979 |
16.058 |
|
|
TOTAL BORROWING |
300.252 |
327.035 |
167.343 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
1284.157 |
508.876 |
256.102 |
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APPLICATION OF FUNDS |
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|
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|
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FIXED ASSETS [Net Block] |
57.340 |
37.938 |
34.831 |
|
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Capital work-in-progress |
7.738 |
0.000 |
0.000 |
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INVESTMENT |
48.418 |
0.688 |
8.050 |
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DEFERREX TAX ASSETS |
2.157 |
1.037 |
0.977 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1021.223
|
614.876 |
282.676 |
|
|
Cash & Bank Balances |
117.480
|
23.602 |
5.000 |
|
|
Other Current Assets |
21.118
|
0.000 |
29.782 |
|
|
Loans & Advances |
257.498
|
58.161 |
10.859 |
|
Total
Current Assets |
1417.319
|
696.639 |
328.317 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
161.198
|
180.456 |
107.136 |
|
|
Other Current Liabilities |
23.130
|
25.028 |
6.802 |
|
|
Provisions |
64.487
|
21.942 |
2.176 |
|
Total
Current Liabilities |
248.815
|
227.426 |
116.114 |
|
|
Net Current Assets |
1168.504
|
469.213 |
212.203 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.041 |
|
|
|
|
|
|
|
|
TOTAL |
1284.157 |
508.876 |
256.102 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2846.680 |
1785.462 |
1158.563 |
|
|
|
Other Income |
19.167 |
2.728 |
16.481 |
|
|
|
TOTAL (A) |
2865.847 |
1788.190 |
1175.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenditures |
2305.801 |
1490.043 |
|
|
|
|
Employees Benefit Expenses |
134.338 |
73.570 |
|
|
|
|
Other Expenses |
88.357 |
42.641 |
|
|
|
|
TOTAL (B) |
2528.496 |
1606.254 |
1094.124 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
337.351 |
181.936 |
80.920 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
24.719 |
33.521 |
17.885 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
312.632 |
148.415 |
63.035 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.445 |
8.586 |
7.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
302.187 |
139.829 |
55.221 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
100.123 |
46.746 |
18.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
202.064 |
93.083 |
36.366 |
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
29.893 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
66.259 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
89.80 |
41.37 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.05
|
5.21 |
3.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.62
|
7.83 |
4.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.46
|
19.01 |
15.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.77 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31
|
1.80 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.70
|
3.06 |
2.83 |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and advances from Others |
0.000 |
1.723 |
|
Term Loans From Others |
0.729 |
2.986 |
|
Term Loans From Banks |
0.000 |
0.270 |
|
|
|
|
|
TOTAL |
0.729 |
4.979 |
NOTE
Registered office has been shifted from B-105, Shivalikmalviya Nagar,
New Delhi-110017, India to the present address w.e.f. 01.06.2006.
COMPANY OVERVIEW
Subject was incorporated
in India on 30 August, 2004 under the India Companies Act, 1956. The company is
a closely held Company having its subsidiaries worldwide.
Subject is a
logistics Company providing worldwide services in international freight
forwarding, logistics, warehousing and distribution services.
OPERATIONAL
PERFORMANCE
The Financial
Results of the Company and the Members would be happy to analyze the financial
result of the Company. The Company has showed a considerable increase in the turnover
as well as Net Profit as compared to last year. The company's turnover for the
financial year 2011-12 is Rs. 2865.847 Millions as against total turnover of
Rs.1788.191 Millions in the previous financial year i.e. 2010-11.
While net profit
after depreciation and tax is Rs.202.064 Millions as against Rs. 93.081
Millions. Profit before Depreciation and Tax for 2011-12 was Rs.312.632
Millions has been achieved against Rs. 148.414 Millions for the previous
financial year i.e. 2010-11.
As the company is
specialize in providing the services of International Logistics, Project
Management, Warehousing and Distribution in lieu of the above it has showed the
tremendous Growth as compared to the last year. Following is the comparison
Index for increasing performance of the company.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
The Management of
the Company is pleased to present its report on industry scenario including
Company’s Performance during the year 2011-2012.
INDUSTRY OVERVIEW
Over the last few
years, the Indian economy growing with high growth rate due to economic
globalization, trade liberalization and competition The effect of that has
increased the needs of the logistics management activities as procurement,
maintenance, replacement, storage of goods, distribution and transportation of
personnel’s and materials.
OUTLOOK
The company is
taking all efforts to improve the quality of their services to increase their
client base. Barring unforeseen circumstances the company is confident to
achieving better results in current year.
The Company has shown substantial growth in turnover in the last two
years and it is expected that the bottom-line will improve significantly.
FINANCIAL PERFORMANCE
The performance of
the company during the year showed substantial improvement over the previous
year. The Company has earned Net Profit after tax Rs 202.100 Millions as
compared to Net Profit earned Rs 93.000 Millions during the year 2010-2011. The
turnover of the company for the year as 2011-2012 is Rs. 2846.700 Millions as
compared to the previous year turnover of Rs. 1782.200 Millions. During the
current year the turnover of the company is increased by 184.67 % as compared
to the previous year.
FORM 8
|
Corporate
identity number of the company |
U63013DL2004PTC128680 |
|
Name of the
company |
TRANSPOLE
LOGISTICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-173, 1st Floor, Road No.4, Street No.10, Mahipalpur Extension, New Delhi-110037, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10389347 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
State Bank of Bikaner and Jaipur, D-10, Shopping Centre, Vivek Vihar,
Delhi-110095, India |
|
Nature of
instrument creating charge |
Memorandum Of
Entry. |
|
Date of
instrument Creating the charge |
04.11.2012 |
|
Amount secured by
the charge |
Rs. 1400.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest -- Terms of repayment -- Margin -- Extent and operation of the charge Pari Passu
Charge. Other The Above is to
Secure The Following :-
(RS. IN MILLIONS)
FUND BASED NON FUND BASED State Bank of
Bikaner and Jaipur =400.000
450.000 State Bank of Patiala = 300.000 250.000 |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation By
Way of First Pari Passu Charge Over The Whole of The Current Assets of The
Borrower Namely, Stocks of Raw Materials, Stocks In Process, Semi-Finished
and Finished Goods, Stores And Spares Not Relating to Plant and Machinery
(Consumable Stores And Spares), Bills Receivable And Books Debts and All
Other Movables And Fixed Assets, Including The Entire Plant and Machinery
Both Present and Future Whether Now Laying Loose or In Cases or Which Are Now
Lying or Stored In or About or Shall Hereinafter From Time to Time During The
Continuance of The Security of These Presents Be Brought Into or Upon or Be Stored
or Be In or About of The Borrower's Factories, Premises and Godowns Situated
At A-173, Road No. 4, Street No. 10, Mahipalpur Extension, New Delhi-110037
or Wherever Else The Same May Be Or Be Held By Any Party To The Order or
Disposition of The Borrower Or In The Course of Transit or On High Seas or on
Order or Delivery, Howsoever And Where so ever In The Possession of The
Borrower and Either By Way Of Substitution Or Addition. |
|
Particulars of
the present modification |
Credit Facilities
of Rs.1400.000 Millions Shall Additionally Be Secured By 1st Pari Passu
Charge Over Company's Immovable Properties Sit. At B-801 (Pent House) 8th
Floor, Sit. In Layout Plan Of Km Co-Op. Group Housing Society Limited, Plot
No.12, Sec-12, Dwarka, New Delhi And Residential Flat At Sfs-Ii, Flat No.
9889 Pocket -9, Sector-C, Vasant Kunj New Delhi (More Particularly Described
In Annexure Attached) Together With All Build and Structures Thereon Or To Be
Thereon and All P/Mach. Installed Therein Or To Be Therein. |
FIXED ASSETS
·
Building
·
Computers and Software
·
Electric Installation
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
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. 54.32 |
|
|
1 |
Rs. 83.17 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.