1. Summary Information
|
|
|
Country |
|
|
Company Name |
CHEP INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Devdip Purkayastha |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajkumr Kannan |
|
|
|
Registration # |
11-180544 |
|
Street Address |
3rd
Floor, Aver Plaza, Plot No.B-13, Opposite Citi Mall, New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
||
|
Established Date |
27.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-67839434 |
Business Style 1 |
Logistic Services |
|
Fax # |
91-22-67839472 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
1000 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,302,400,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
5 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
384,717,000 |
Current Liabilities |
291,887,000 |
|
Inventories |
1,043,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
1,171,618,000 |
Other Liabilities |
6,635,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
298,522,000 |
|
Invest& other Assets |
183,750,000 |
Retained Earnings |
140,206,000 |
|
|
|
Net Worth |
1,442,606,000 |
|
Total Assets |
1,741,128,000 |
Total Liab. & Equity |
1,741,128,000 |
|
Total Assets (Previous Year) |
1,484,319,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
462,332,000 |
Net Profit/Loss |
(332,611,000) |
|
Sales(Previous yr) (Total Income) |
210,394,000 |
Net Profit/Loss
(Prev.yr) |
(338,731,000) |
MIRA
INFORM REPORT
|
Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEP INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Aver Plaza, Plot No.B-13, Opposite Citi Mall, New
Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180544 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.1302.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2008FTC180544 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC15867F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is in the business of leasing out pallets and crates for
hire together with associate supply chain logistics services for consumers in
|
|
|
|
|
No. of
Employees: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having a moderate track record. The reserve appears
low. It has been incurring loss from its operations past some years. However,
trade relations are fair. Business is active. Payments are reported to be
slow. The company can be considered for business dealings with some
cautions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Gaurav Kapoor |
|
Designation : |
Manager |
|
Contact No.: |
91-9819623364 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
3Rd Floor, Aver Plaza, Plot No. B-13, Opposite Citi Mall,
New Link Road, Andheri – (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-67839434 / 67839415 / 67839400 / 67839428 / 67839440 |
|
Mobile No.: |
91-9819623364 (Mr. Gaurav Kapoor) |
|
Fax No.: |
91-22-67839472 / 73 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Subhash Mohan Bhat |
|
Designation : |
Director |
|
Address : |
Flat 202, B-Wing, Nagwekar Apartment, |
|
Date of Birth/Age : |
15.08.1971 |
|
Date of Appointment : |
20.11.2009 |
|
Date of Cessation : |
04.07.2013 |
|
DIN No.: |
02812693 |
|
|
|
|
Name : |
Mr. Rajkumr Kannan |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
24.06.1972 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03632163 |
|
|
|
|
Name : |
Mr. Devdip Purkayastha |
|
Designation : |
Director |
|
Address : |
414, Raheja Crest 2, Oshiwara Link Road, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
17.02.1963 |
|
Date of Appointment : |
06.09.2012 |
|
DIN No.: |
05351521 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999MH2008FTC180544
|
CHEP India
Private Limited |
Director |
14/09/2012 |
06/09/2012 |
Active |
NO |
|
Name : |
Mr. Lars Hvid Amstrup |
|
Designation : |
Director |
|
Address : |
33, Greenleaf Place, Singapore-279437 |
|
Date of Birth/Age : |
14.12.1961 |
|
Date of Appointment : |
08.06.2012 |
|
DIN No.: |
05265974 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999MH2008FTC180544
|
CHEP India Private
Limited |
Director |
14/09/2012 |
08/06/2012 |
Active |
NO |
|
Name : |
Mr. Ravi Shankar |
|
Designation : |
Director |
|
Address : |
Flat No.203-204, Link Plaza Co-operative Housing Limited, Link Road, Malad
(West), Mumbai-400064, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1976 |
|
Date of Appointment : |
27.07.2012 |
|
DIN No.: |
05339270 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999MH2008FTC180544
|
CHEP India
Private Limited |
Director |
14/09/2012 |
27/07/2012 |
Active |
NO |
|
Name : |
Mr. Rajdeep Gopinath Mhatre |
|
Designation : |
Director |
|
Address : |
G/3, 5, A Wing, Bharat Tower, Majiade, Thane (West), Thane-400601,
Maharashtra, India |
|
Date of Birth/Age : |
21.11.1966 |
|
Date of Appointment : |
06.09.2012 |
|
DIN No.: |
05351709 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999MH2008FTC180544
|
CHEP India
Private Limited |
Director |
14/09/2012 |
06/09/2012 |
Active |
NO |
|
Name : |
Mr. Abhijit Pawar |
|
Designation : |
Director |
|
Address : |
1/B, Safalya, 14th Bandra Reclamation, Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
16.01.1977 |
|
Date of Appointment : |
30.09.2011 |
|
|
|
|
Name : |
Pranil Vadgama |
|
Designation : |
Director |
|
Address : |
8, Riding Hill, South Croydon, United Kingdom, CR29LN |
|
Date of Birth/Age : |
08.07.1971 |
|
Date of Appointment : |
23.04.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Gaurav Kapoor |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Chep |
12673000 |
|
Brambles |
40000 |
|
TOTAL
|
12713000 |
AS ON 12.03.2013
|
Names of Allottees |
No. of Shares |
|
Chep |
220000 |
|
TOTAL
|
220000 |
AS ON 06.09.2012
|
Names of Allottees |
No. of Shares |
|
Chep |
311000 |
|
TOTAL
|
311000 |
AS ON 25.04.2012
|
Names of Allottees |
No. of Shares |
|
Chep |
310000 |
|
TOTAL
|
310000 |
AS ON 24.01.2012
|
Names of Allottees |
No. of Shares |
|
Chep |
311000 |
|
TOTAL
|
311000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is in the business of leasing out pallets and crates for
hire together with associate supply chain logistics services for consumers in
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Others |
|
|
|
|
No. of Employees : |
1000 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountant |
|
Address : |
President Plaza, 1st Floor, Plot No.36, Opposite Muktidham
Derasar Thatlej Cross Road, Ahmedabad-380054, Gujarat, India |
|
PAN No.: |
AAEFP5579P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14500000 |
Equity Shares |
Rs.100/- each |
Rs. 1450.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13024000 |
Equity Shares |
Rs.100/-
each |
Rs. 1302.400
Millions |
|
|
|
|
|
AS ON 14.09.2012
Authorised Capital : Rs. 1450.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.
1424.400 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1302.400 |
|
(b) Reserves & Surplus |
|
|
140.206 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1442.606 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
2.571 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
2.571 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
108.736 |
|
(c) Other current
liabilities |
|
|
183.151 |
|
(d) Short-term provisions |
|
|
4.064 |
|
Total Current Liabilities (4) |
|
|
295.951 |
|
|
|
|
|
|
TOTAL |
|
|
1741.128 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
1169.629 |
|
(ii) Intangible Assets |
|
|
1.989 |
|
(iii) Capital
work-in-progress |
|
|
183.750 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
113.396 |
|
(e) Other Non-current assets |
|
|
0.711 |
|
Total Non-Current Assets |
|
|
1469.475 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
1.043 |
|
(c) Trade receivables |
|
|
169.895 |
|
(d) Cash and cash
equivalents |
|
|
74.210 |
|
(e) Short-term loans and
advances |
|
|
12.673 |
|
(f) Other current assets |
|
|
13.832 |
|
Total Current Assets |
|
|
271.653 |
|
|
|
|
|
|
TOTAL |
|
|
1741.128 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 (9 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1232.500 |
715.000 |
|
|
2] Share Application Money |
|
0.000 |
125.000 |
|
|
3] Reserves & Surplus |
|
1107.5.000 |
380.000 |
|
|
4] (Accumulated Losses) |
|
(1069.782) |
(731.051) |
|
|
NETWORTH |
|
1270.218 |
488.949 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1270.218 |
488.949 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
687.354 |
318.377 |
|
|
Capital work-in-progress |
|
84.972 |
57.851 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1.076
|
0.000 |
|
|
Sundry Debtors |
|
68.393
|
24.028 |
|
|
Cash & Bank Balances |
|
114.753
|
94.467 |
|
|
Other Current Assets |
|
46.048
|
0.318 |
|
|
Loans & Advances |
|
481.723
|
256.022 |
|
Total
Current Assets |
|
711.993 |
374.835 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
205.310
|
253.611 |
|
|
Other Current Liabilities |
|
5.165
|
5.517 |
|
|
Provisions |
|
3.626
|
2.986 |
|
Total
Current Liabilities |
|
214.101 |
262.114 |
|
|
Net Current Assets |
|
497.892
|
112.721 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1270.218 |
488.949 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 (9 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
462.332 |
210.394 |
47.475 |
|
|
|
Other Income |
|
|
14.421 |
|
|
|
TOTAL (A) |
462.332 |
210.394 |
61.896 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Cost |
|
|
46.788 |
|
|
|
Operating Expenses |
|
|
35.351 |
|
|
|
Other Administrative Expenses |
|
|
249.916 |
|
|
|
TOTAL (B) |
794.943 |
550.299 |
332.055 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
[Including Financial |
(270.159) |
|
|
|
|
Expenses |
Expenses |
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
And |
And |
0.249 |
|
|
|
|
Depreciation ] |
Depreciation ] |
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(270.408) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
21.719 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(332.611) |
(339.905) |
(292.127) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
REVERSAL OF
EXCESS PROVISION FOR FBT |
0.000 |
(1.174) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(332.611) |
(338.731) |
(292.127) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(438.922) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(731.049) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
65.099 |
|
|
TOTAL IMPORTS |
NA |
NA |
65.099 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(25.54) |
(34.71) |
46.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 (9 Months) |
|
PAT / Total Income |
(%) |
(71.94)
|
(160.999)
|
(471.96)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
(615.32)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.36)
|
(17.36)
|
(42.14)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.23)
|
(0.26)
|
(0.59)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
3.33
|
1.43
|
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% |
----- |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
VIEW
INDEX OF CHARGES
No charges exist for company
BACKGROUND
Subject is part of the Brambles group worldwide and is into 2nd
Year of operations in India. The company is in the business of leasing out pallets
and crates for hire together with associate supply chain logistics services for
consumers in
NOTE
Registered office has been shifted from 9, Hari Niwas, 303/304, L B S Marg,
Kurla (West), Mumbai, Maharashtra, India to the present address w.e.f.
12.08.2008
OPERATIONS
Operation and
logistic continues to be a strong backbone for the company .Various automation
plans were executed in the areas of operation which brought about efficiencies
and increased productivity. Transport network optimization bought about
transport efficiencies. Transport network, dealer network and appropriate
warehouse registrations were established across India to enable CHEP to service
its customers effectively.
FIXED ASSETS
·
Computers
·
Furniture and Fixture
·
Office Equipments
·
Plant and Machinery
·
Vehicles
·
Leasehold Improvements
·
Computer Software
·
Crate Designs
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. 58.94 |
|
|
1 |
Rs. 90.47 |
|
Euro |
1 |
Rs. 77.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.