MIRA INFORM REPORT
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Report Date : |
31.10.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIQUE GLOBAL LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
201, 202, Lok Bhavan, Lok Bharati Complex, Marol Maroshi Road, Andheri
(East), Mumbai – 400059, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.05.2008 |
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Com. Reg. No.: |
55-182066 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
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CIN No.: [Company Identification
No.] |
U63011MH2008PTC182066 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU05510B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Freight Forwarding and Logistics Services |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 550000 |
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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.
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 normal 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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal, proved
to be the least honest. The survey put hundreds of people to test in four
continents to find out just how honest they were by dropping wallets and seeing
how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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
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Registered Office / Corporate Office: |
201/202, Lok Bhavan, Lok Bharati Complex Marol Maroshi Road, Marol,
Andheri (E), Mumbai – 400059, Maharashtra, India |
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Tel. No.: |
91-22-67395400 |
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Fax No.: |
91-22-67395401 |
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E-Mail : |
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Web Site : |
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Branches Located at : |
Chennai Address: New No. 39, Old No. 18, First Floor, Linghi
Chetty Street, Chennai – 600001, India Tel No. 91-44-45564153 Fax No. 91-44-45564143 Email : sujith.k@uniqueglobal.in Cochin Address: Handicrafts
Building, Plot No. 27 B Cat III, Indira Gandhi Road, Willingdon Island,
Cochin – 682003, India Mobile No :91-9846153511 Email : kochin@uniqueglobal.in Kakinada Address: D.No. 16-34-26,
1St Floor, West Block, Jonnada Abbai Plaza, Road No. 2,
Sambhamurthy Nagar, Kakinada – 533001, India Mobile No :91-9642799993 Tel/Fax : 91-884-2356993 Email : kakinada@uniqueglobal.in Delhi Address: 91/8, 3rd Floor, Kapeshera Main Bijwasan
Road, New Delhi – 37, India Tel No.
91-11-46564778/46564782 Email : delhi@uniqueglobal.in
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DIRECTORS
As on 30.09.2013
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Name : |
Mr. Naveen Surana |
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Designation : |
Director |
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Address : |
E-1604, Lake Florence Lake Homes, Near Gopal Sharma School, Powai,
Mumbai – 400076, Maharashtra, India |
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Date of Birth/Age : |
22.06.1975 |
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Date of Appointment : |
05.06.2009 |
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DIN No.: |
00527588 |
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Other Directorship :
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Name : |
Mr. Pavithran Mavila Thazhekallada |
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Designation : |
Managing director |
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Address : |
Flat No. 702, Tower – 5, Rustomjee Ozone Laxmi Singh Street, Goregaon,
Mulund, Goregoan West, Mumbai – 400062, Maharashtra, India |
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Date of Birth : |
21.04.1971 |
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Date of Appointment : |
19.05.2008 |
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DIN No.: |
02202450 |
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Other Directorship :
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Name : |
Mr. Lalit Kumar Brijnarain Seth |
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Designation : |
Director |
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Address : |
601, Felicia, Sherly Road, Bandra (w), Mumbai, Maharashtra, India |
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Date of Birth : |
12.09.1954 |
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Date of Appointment : |
09.05.2008 |
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DIN No.: |
00313204 |
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Other Directorship :
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Name : |
Mr. Alok Kumar Brijnarain Seth |
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Designation : |
Director |
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Address : |
601, Felicia, Sherly Road, Bandra (w), Mumbai, Maharashtra, India |
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Date of Birth : |
30.12.1960 |
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Date of Appointment : |
09.05.2008 |
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DIN No.: |
00241149 |
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Other Directorship :
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Name : |
Mr. Vinod Kumar Brijnarain Seth |
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Designation : |
Director |
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Address : |
401, Manish Sea Croft, S R Road, Bandra (w), Mumbai – 400050,
Maharashtra, India |
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Date of Birth : |
01.02.1953 |
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Date of Appointment : |
09.05.2008 |
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DIN No.: |
00407581 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Pavithran Mavila Thazhekallada |
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200000 |
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Vinod Kumar Brijnarain Seth |
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700000 |
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Lalit Kumar Brijnarain Seth |
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550000 |
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Alok Kumar Brijnarain Seth |
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500000 |
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Naveen Surana |
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50000 |
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Total |
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2000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Freight Forwarding and Logistics Services |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Lalit Khanna and Company Chartered Accountants |
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Address : |
4th Floor, Commissionarate Building, 231, Dadabhai Naoroji Road,
Mumbai – 400001, Maharashtra, India |
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Tel. No.: |
91-22-22617830/22023647/22044959 |
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Fax No.: |
91-22-22615464 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL3475D |
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Subsidiaries : |
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Associates: |
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Enterprises over which
Individuals exercise significant influence and with whom there are
transactions: |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
20.000 |
20.000 |
20.000 |
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(b) Reserves & Surplus |
117.506 |
114.185 |
86.407 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
137.506 |
134.185 |
106.407 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
15.000 |
15.108 |
20.272 |
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(b) Deferred tax liabilities (Net) |
1.301 |
1.170 |
0.870 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
1.678 |
1.750 |
0.450 |
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Total Non-current
Liabilities (3) |
17.979 |
18.028 |
21.592 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
12.399 |
0.000 |
0.000 |
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(b) Trade
payables |
38.633 |
49.654 |
49.180 |
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(c) Other
current liabilities |
11.143 |
25.957 |
4.640 |
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(d) Short-term
provisions |
35.098 |
0.000 |
36.083 |
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Total Current
Liabilities (4) |
97.273 |
75.611 |
89.903 |
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TOTAL |
252.758 |
227.824 |
217.902 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
25.340 |
27.018 |
26.558 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
29.500 |
10.400 |
10.400 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.090 |
0.039 |
0.000 |
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(e) Other
Non-current assets |
0.100 |
0.125 |
0.150 |
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Total Non-Current
Assets |
55.030 |
37.582 |
37.108 |
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(2)
Current assets |
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|
|
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
0.000 |
0.000 |
0.000 |
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(c) Trade
receivables |
107.644 |
117.726 |
105.409 |
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(d) Cash
and cash equivalents |
66.707 |
54.570 |
54.514 |
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(e)
Short-term loans and advances |
23.352 |
17.921 |
20.846 |
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(f) Other
current assets |
0.025 |
0.025 |
0.025 |
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Total
Current Assets |
197.728 |
190.242 |
180.794 |
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|
|
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TOTAL |
252.758 |
227.824 |
217.902 |
PROFIT & LOSS ACCOUNT
|
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
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Other Income |
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TOTAL |
NA |
NA |
932.700 |
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Less |
EXPENSES |
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|
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Freight, Clearing and Service cost for operations |
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|
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Other Expenses Including Interest and Depreciation |
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|
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TOTAL |
NA |
NA |
845.866 |
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PROFIT BEFORE
TAX |
51.998 |
43.587 |
86.834 |
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Less |
TAX |
13.578 |
15.926 |
29.096 |
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PROFIT AFTER TAX
|
38.420 |
27.661 |
57.738 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
99.035 |
71.258 |
56.014 |
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Add |
EXCESS PROVISION
OF DIVIDEND TAX IN PREVIOUS YEARS WRITTEN BACK |
0.000 |
0.116 |
0.039 |
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Less |
APPROPRIATIONS |
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|
|
|
Transfer to General Reserve |
3.900 |
0.000 |
7.550 |
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|
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Dividend |
30.000 |
0.000 |
30.000 |
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|
|
Tax on Dividend |
5.099 |
0.000 |
4.983 |
|
|
BALANCE CARRIED
TO THE B/S |
98.456 |
99.035 |
71.258 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
138.941 |
282.255 |
256.427 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.21 |
13.83 |
28.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
6.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.29
|
20.05 |
41.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.32 |
0.82 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.20
|
0.11 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
2.52 |
2.01 |
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
One year |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10314282 |
19/10/2011 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B23971690 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term Loans From related parties |
15.000 |
15.000 |
|
|
|
|
|
Total |
15.000 |
15.000 |
CONTINGENT
LIABILITIES
The Company has given bank guarantees of Rs.4.799 Millions (Previous Year Rs.2.585 Millions). Against tenders and contracts. Against the above corresponding amount are kept as fixed deposits with IDBI under lien.
FIXED ASSETS
Tangible Assets
- Building
- Furniture and
Fixtures
- Vehicle
- Office
Equipments
- Computers
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.61.49 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.