MIRA INFORM REPORT

 

 

Report Date :

236220

 

IDENTIFICATION DETAILS

 

Name :

ANCHOR CONTAINER SERVICES PRIVATE LIMITED

 

 

Registered Office :

105/4B, 2nd Floor, Narayana Complex, Opposite Pocket D and E, Sarita Vihar, New Delhi - 110044

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

29.04.1998

 

 

Com. Reg. No.:

55-093491

 

 

Capital Investment / Paid-up Capital :

Rs. 2.000 Millions

 

 

CIN No.:

[Company Identification No.]

U74899DL1998PTC093491

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into container repair and cleaning services, sale of container and its spares parts etc.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 96000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company moderate having track record.

 

Management has failed to file its latest financials of 2012 with government department. As per previous profit of the company has dipped as compared to previous year.

 

Trade relations are fair. Business is active. Payment terms are unknown.

 

The company can be considered for business dealing with some caution.

 

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

 

 

INDIAN ECONOMIC OVERVIEW

 

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

 

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

 

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

 

 

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 (GENERAL DETAILS)

 

Name :

Mrs. Jaya Samaddar

Designation :

Director

Contact No.:

91-8373904336

Date :

03.10.2013

 

 

LOCATIONS

 

Registered Office :

105/4B, 2nd Floor, Narayana Complex, Opposite Pocket D and E, Sarita Vihar, New Delhi – 110044, India

Tel. No.:

91-11-26940067/26945489

Mobile No.:

91-8373904336 (Mrs. Jaya)

Fax No.:

91-11-26942879

E-Mail :

alokmathurca@yahoo.com

 

 

DIRECTORS

 

As on 31.09.2011

 

Name :

Mrs. Jaya Samaddar

Designation :

Director

Address :

3/501, East End Apartments, Mayur Vihar, Phase – I, Delhi - 110091, India

Date of Birth/Age :

20.10.1970

Date of Appointment :

29.04.1998

DIN No.:

00368134

 

 

Name :

Mr. Sujoy Kumar Samaddar

Designation :

Director

Address :

3/501, East End Apartments, Mayur Vihar, Phase – I, Delhi - 110091, India

Date of Birth/Age :

20.10.1970

Date of Appointment :

29.04.1998

DIN No.:

01177840

 

 

MAJOR SHAREHOLDERS

 

As on 31.09.2011

 

Names of Shareholders

 

No. of Shares

Jaya Samaddar

 

100000

Sujoy Kumar Samaddar

 

100000

Total

 

200000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 31.09.2011

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into container repair and cleaning services, sale of container and its spares parts etc.

 

 

Terms :

 

Selling :

Cash and Credit (30 Days)

 

 

Purchasing :

Cash and Credit (30 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

·         Aggarwal Glass and Aluminium Works

·         Airman's Technolinks

·         Ajanta Steel

·         Ajanta Trading Company

·         A K Industries

·         A.k. System Engineers Private Limited

·         All India Trailer Syndicate (Regd.)

·         Amar Iron Store

·         Ambay Plywood and Laminates

·         Amritash Wifosys

·         Analysis Advertising and Communication

·         Anchal Exports

·         Arora Steels

·         Avanti Business Machines Limited

·         Bajrang Enterprises

 

 

Customers :

·         Abhisek Industries

·         A B World Wide Transport

·         Accord Shipping Agencies (India) Private Limited

·         Actl (Container Terminal )

·         Adani Logistica Limited

·         Afl Dachser Private Limited

·         A F S Logistics International

·         Amrapali Eden Park

·         A P L (India) Private Limited

·         Aqdas Maritime Agency

·         Arjuna Engineering Private Limited

·         Balaji Shipping (U.K)

·         Bay Container Services Private Limited

·         Ben Line Agencies

·         Best Express Shipping Transport Private Limited

·         Boxtrans Logistics India Services Private Limited

·         Brij Gopal Goyal and Company

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

State Bank of India, SME Karkardooma, Delhi – 110032, India

 

 

Facilities :

SECURED LOANS

31.03.2011

Rs. In Millions

31.03.2010

Rs. In Millions

OD Bank A/c State Bank of India

2.183

(0.879)

Barclays Bank

1.799

2.473

Business Loan - HDFC

1.418

2.411

Equipment Loan

1.020

2.006

Tata Motor Finance Limited

0.149

0.013

Bajaj Finance Limited

2.843

0.000

Total

9.412

6.024

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

A Mathur and Associates

Chartered Accountants

Address :

302, Third Floor Uday Plaza, 16-A, Park, New Delhi – 110049, India

Tel. No.:

91-11-26258817/26253975/32949887

Fax No.:

91-11-26253975

E-Mail :

alokmathurca@yahoo.com

PAN No.:

AABFA3587H

 

 

CAPITAL STRUCTURE

 

As on 31.09.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs. 10/- each

Rs. 5.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200000

Equity Shares

Rs. 10/- each

Rs. 2.000 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

2.000

2.000

2.000

2] Share Application Money

22.124

17.796

11.118

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

24.124

19.796

13.118

LOAN FUNDS

 

 

 

1] Secured Loans

9.412

(0.879)

0.134

2] Unsecured Loans

0.000

6.903

5.390

TOTAL BORROWING

9.412

6.024

5.524

DEFERRED TAX LIABILITIES

0.363

0.330

0.094

 

 

 

 

TOTAL

33.899

26.150

18.736

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

8.832

8.957

7.044

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.000

0.000

0.000

 

Sundry Debtors
52.905

50.704

27.986

 

Cash & Bank Balances
1.404

(0.672)

3.476

 

Other Current Assets
20.366

(0.045)

17.321

 

Loans & Advances
0.047

15.736

0.041

Total Current Assets
74.722

65.723

48.824

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
38.368

35.047

27.848

 

Other Current Liabilities
5.284

10.547

5.842

 

Provisions
6.003

2.936

3.442

Total Current Liabilities
49.655

48.530

37.132

Net Current Assets
25.067

17.193

11.692

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

33.899

26.150

18.736

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Income

 

 

Other Income

 

 

 

 

 

TOTAL                                    

183.248

169.706

134.880

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

175.820

159.869

129.538

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX 

7.428

9.837

5.342

 

 

 

 

 

Less

TAX                                                                 

3.100

3.035

1.907

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

4.238

6.802

3.435

 

 

 

 

 

 

Earnings Per Share (Rs.)

21.64

NA

NA

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)
2.31

4.01

2.55

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
8.89

13.17

9.56

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.31

0.50

0.41

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
0.39

0.30

0.42

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
1.50

1.35

1.31

 

 

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

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

Yes

18]

Major customers

Yes

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

No

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

 

 

INDEX OF CHARGE:

 

Sr .No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90336362

27/08/2013 *

9,500,000.00

STATE BANK OF INDIA

SME KARKARDOOMA, DELHI, Delhi - 110032, INDIA

B84041789

* Date of modification charge

 

 

FIXED ASSETS:

 

·         Furniture and Fixture

·         Air Compressor

·         Air Conditioner

·         Almirah - Godrej

·         Camera

·         Car

·         Cleaning Machine

·         Computer

·         Container

·         Cooler

·         Cycle

·         Cylinder

·         Drill Machine

·         Electrical Fitting

·         Fans

·         Fax Machine

·         Fire Extinguisher

·         Furniture and Fixture

·         Generator

·         Grinding Machine

·         Jack

·         Machine Tools

·         Mobile (Assets)

·         Motor Cycle

·         Pager

·         Printer

·         Rickshaw

·         Tea Vending Machine

·         Telephone Instrument

·         Trolly

·         Water Motor

·         Weighting Scale

·         Welding Machine

·         Wood cutter Machine

·         Xerox Machine

·         Crane

·         Motor vehicle

·         Capital Wip- Building

·         Spiral Binders

·         Effluent Treatment Plant

·         Pressure Machine

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 61.40

UK Pound

1

Rs. 99.29

Euro

1

Rs. 83.68

 

 

INFORMATION DETAILS

 

Information Gathered by :

JML

 

 

Report Prepared by :

VNT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

3

--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

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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

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

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.