MIRA
INFORM REPORT
|
Report Date : |
24.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUBEE AIR FREIGHT LIMITED (w.e.f. 20th October, 1997) |
|
|
|
|
Formerly Known
As : |
RUBEE AIR FREIGHT PRIVATE LIMITED |
|
|
|
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Registered
Office : |
3, Chowringhee Approach, 'Basu House', 2nd
Floor, Kolkata – 700072, |
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Country : |
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|
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Financials (as
on) : |
31.03.2013 |
|
|
|
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Date of
Incorporation : |
30.11.1988 |
|
|
|
|
Com. Reg. No.: |
21-045636 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.231 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090WB1988PLC045636 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4323D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is mainly engaged to carry on its business as clearing and
forwarding agents and also engaged to act as Air, Sea, Domestic and Railway
Freight Broker etc. |
|
|
|
|
No. of Employees
: |
62 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Profitability of the company is low. Overall financial position seems
to be moderate. However, trade relations are fair. Business is active. Payment terms
are slow but correct. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has
forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.
Total economic growth, infrastructure bottlenecks and lack of transparency and
consistency in foreign direct investment policies seem to have taken a toll on
India’s attractiveness as an investment destination, says an Ernst & Young
survey. Projects with FDI component fell 16.4 % across the globe in 2012
from the previous year. The drop in India was steeper at 21 %. State run
carrier Air India is doling out free tickets to its 24000 employees, even as it
expects to incur a loss of Rs.39000 mn this financial
year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and
telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during
2013, registering a drop of about 18 % over the previous year. The Information
Technology and IT-Enabled Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The
Reserve Bank of India has proposed that unclaimed bank deposits estimated to be
about Rs.35000 mn be used for education and awareness
among depositors. According to the plan, deposits that have not been
claimed for at least 10 years will be transferred to the scheme.
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. Sanjib Kumar Biswal
|
|
/Designation : |
Managing Director |
|
Contact No.: |
91-9830335555 |
|
Date : |
22.02.2014 |
LOCATIONS
|
Registered Office : |
3, Chowringhee Approach, 'Basu House', 2nd
Floor, Kolkata – 700072, West Bengal,
India |
|
Tel. No.: |
91-33-22126890/ 6891/ 6892/ 6894/ 6895/ 6896/ 6897/ 6995 91-33-40106850/ 40106890 (30 Lines) |
|
Mobile No.: |
91-9830335555 (Mr. Sanjib Kumar Biswal) |
|
Fax No.: |
91-33-22126996/ 40106868 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Leased |
|
|
|
|
Branch Offices : |
Located at: · Orissa · Mumbai · Delhi · Chennai · Bhubaneswar |
DIRECTORS
(AS ON 31.03.2013)
|
Name : |
Mr. Sanjib Kumar Biswal
|
|
Designation : |
Managing Director |
|
Address : |
19/1, Chetla Road, Kolkata
– 700027, West Bengal, India |
|
Date of Birth/Age : |
01.07.1980 |
|
PAN No.: |
AGJPB1557G |
|
|
|
|
Name : |
Mrs. Itishree Kedarnath
Biswal |
|
Designation : |
Director |
|
Address : |
19/1, Chetla Road, Kolkata
– 700027, West Bengal, India |
|
Date of Birth/Age : |
28.08.1982 |
|
PAN No.: |
AGHPB9116D |
|
|
|
|
Name : |
Mr. Kedar Jena |
|
Designation : |
Director |
|
Address : |
P. O. Garadapur, District Bhadrak – 756181, Orissa,
India |
|
Date of Birth/Age : |
01.01.1946 |
|
PAN No.: |
AKYPJ1695E |
|
|
|
|
Name : |
Mrs. Kadambinee Sadhu
Jena |
|
Designation : |
Director |
|
Address : |
P. O. Garadapur, District Bhadrak – 756181, Orissa,
India |
|
Date of Birth/Age : |
03.01.1952 |
|
PAN No.: |
ADVPJ8073G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 20.01.2014)
|
Name of Shareholders |
No. of Shares |
%age |
|
Sanjib Kumar Biswal |
35,017 |
56.20 |
|
Itishree Biswal |
6,631 |
10.64 |
|
Prabod Kumar Biswal |
1,515 |
2.43 |
|
Santilata Mallick |
1,515 |
2.43 |
|
Rajib Kumar Biswal |
2,401 |
3.85 |
|
Kadambini Jena |
2,100 |
3.37 |
|
Kedarnath Jena |
2,115 |
3.39 |
|
Santosh Jena |
2,231 |
3.58 |
|
Priyadarshi Jena |
2,137 |
3.43 |
|
Rubee Shipping
Agencies Private Limited, India |
6,650 |
10.67 |
|
Total |
62,312 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged to carry on its business as clearing and
forwarding agents and also engaged to act as Air, Sea, Domestic and Railway
Freight Broker etc. |
|
|
|
|
Products/ Services : |
· Shipping · Clearing · Forwarding · Warehousing · Insurance · Packing Agents |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (45 days) |
GENERAL INFORMATION
|
Customers : |
Exporter and Importers ·
Ganges Jute Limited ·
The East India Natural Goods Company
Limited ·
Sur Iron
and Steel Company Private Limited ·
Hitachi-KK Manufacturing Company ·
Puran Alloys
Limited ·
Krish Impex (Emami Group of
Industries) ·
CRI Limited (Emami
Group of Industries) ·
Reliable Typewriter Company ·
Analytical Instrument Consortium ·
Rishi
Chemicals ·
Creative Trade and Export Private Limited ·
South Asian Petro
Chemicals ·
Fancy Corner ·
Graphic Products ·
Orson holding Company Limited ·
Philips Medical Systems India Private
Limited (Medical Light Division) ·
Stollberg India
Private Limited, Durgapur ·
TBL Industrial and Engineering Exports
Private Limited ·
D.B. Machine Tools ·
Greaves Cotton Limited ·
Driplex Water Engg. Limited ·
Bengal Tools Limited ·
Hidusthan
National Glass ·
Castrol India
Limited ·
Fortune Furnitech
(Private) Limited ·
Gee Pee Foods (Private) Limited ·
Apeejay Tea
Limited ·
Empire and Singlo
Tea Limited ·
Nishan Ferro
Alloys Limited ·
C K Exports ·
Weatherford Drilling Operation (BVI) ·
NHPCL Limited ·
Bhushan Steel
and Strips Limited - Project Import of Scrap at Haldia ·
Rasandik
Industries Limited - Tata Nano
Project of Gujarat ·
Prashanth
Projects Limited ·
Starson
Exports ·
Mallesh and
Company ·
Estee Home
Furnishing Industries Private Limited ·
Lallubhai Amichand Limited ·
Alcobex Metals
Limited ·
Bhatia Glprofile-Raflass
Studio Private Limited ·
Dujodwala Paper
Chemicals Limited ·
Bhandhari Tubes
and Foils Limited ·
Mailam India
Limited ·
Gujarat Nippon Bimetals Private Limited ·
Associate Group of Companies ·
Kirloskar
Copeland Limited ·
Oriental Aromatics Limited ·
Padmavati Decor
Private Limited ·
Cee Gee
Industries Private Limited ·
Ganage
Pressings Private Limited. ·
Premier Industrial Corporation ·
Ubique Alloys
Private Limited ·
Electrolead Pune Private Limited ·
Dishti
Industries Limited ·
Aka Impex Private Limited ·
Emerald Alchymicus
Private Limited ·
Hakotronics
Private Limited ·
R. S. Corporation ·
Impact Gifts Private Limited ·
Maithan Ispat and Ceramics Limited (Maitan
Group) ·
Lafarge (Project Break-Bulk Cargo) |
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No. of Employees : |
62 (Approximately) |
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Bankers : |
· Axis Bank Tollygunge Branch, India · Corporation Bank ·
IndusInd Bank
Limited Burra
Bazar, 46, Kali Krishna Tagore
Street (First Floor), Kolkata - 700007, West
Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Pradip Kumar Datta and
Company Chartered Accountants |
|
Address : |
30/1-F Harey Kristo
Sett Lane, Kolkata –
700050, West Bengal, India |
|
Tel No.: |
91-33-25282272 |
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Mobile No.: |
91-9830341009 |
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Email : |
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Group Companies : |
· Rubee Shipping Agencies (Private) Limited · Safe Express Limited · Rubee Tech-Tools Private Limited · Rubee Finance and Investment (India) Limited · Safe Fire Systems Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62312 |
Preference Shares |
Rs.100/- each |
Rs.6.231
Millions |
|
|
|
|
|
A] Reconciliation of the shares outstanding at the beginning and at the
end of the reporting period.
|
Particulars |
31.03.2013 |
|
|
|
No of Shares |
(Rs. In Millions) |
|
Equity Shares |
|
|
|
At the beginning of the period |
62312 |
6.231 |
|
Add: Issued during the period |
-- |
-- |
|
Outstanding at the end of the period |
62312 |
6.231 |
B] Terms / rights attached to equity shares
The company has only one class of equity shares
having a per value of Rs.100/- per shares. Each holder of equity shares is
entitled to one vote per share. The company declares and pays dividend in
Indian Rupees. The dividend proposed by the Board of directors is subject to
the approval of the shareholders in the ensuring Annual General Meeting.
In the event of liquidation of the company,
the holders of equity shares will be entitled to receive remaining assets of
the company, after settlement of all liabilities. The distribution to equity
shareholders will be in proportion to the amount paid up or credited as paid
up.
C] Details of shareholders holding than 5% shares in the company
|
Name of the Shareholders Equity Shares
|
31.03.2013 |
|
|
|
No of Shares |
% Holding |
|
Mr. Sanjib Kumar Biswal |
27902 |
47.78 |
|
Mrs. Itishree Biswal |
6631 |
10.64 |
|
Mrs. Snehalata Biswal |
5600 |
8.98 |
|
Rubee Shipping Agencies Private Limited |
6650 |
10.67 |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
6.231 |
6.231 |
6.231 |
|
(b) Reserves & Surplus |
9.411 |
7.679 |
5.936 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
15.642 |
13.910 |
12.167 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.280 |
15.078 |
14.707 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.048 |
0.812 |
0.000 |
|
Total Non-current Liabilities (3) |
16.328 |
15.890 |
14.707 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.928 |
0.882 |
3.356 |
|
(b) Trade payables |
12.937 |
6.146 |
6.680 |
|
(c) Other current
liabilities |
1.158 |
1.594 |
0.304 |
|
(d) Short-term provisions |
4.229 |
3.324 |
2.559 |
|
Total Current Liabilities (4) |
19.252 |
11.946 |
12.899 |
|
|
|
|
|
|
TOTAL |
51.222 |
41.746 |
39.773 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.835 |
3.240 |
3.864 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.453 |
0.453 |
0.241 |
|
(c) Deferred tax assets (net) |
0.088 |
0.084 |
0.052 |
|
(d) Long-term Loan and Advances |
1.674 |
1.644 |
1.644 |
|
(e) Other Non-current assets |
6.895 |
5.251 |
4.607 |
|
Total Non-Current Assets |
11.945 |
10.672 |
10.408 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
25.407 |
19.532 |
19.601 |
|
(d) Cash and cash
equivalents |
0.338 |
1.396 |
0.987 |
|
(e) Short-term loans and
advances |
13.532 |
10.146 |
8.777 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
39.277 |
31.074 |
29.365 |
|
|
|
|
|
|
TOTAL |
51.222 |
41.746 |
39.773 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
175.026 |
161.897 |
157.056 |
|
|
|
Other Income |
0.730 |
0.340 |
0.330 |
|
|
|
TOTAL (A) |
175.756 |
162.237 |
157.386 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Freight, Clearing, Forwarding Charges and
Commission etc. |
158.361 |
144.655 |
139.831 |
|
|
|
Employee Benefits Expenses |
3.572 |
3.150 |
3.032 |
|
|
|
Other Expenses |
8.897 |
9.537 |
9.699 |
|
|
|
TOTAL (B) |
170.830 |
157.342 |
152.562 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.924 |
4.895 |
4.824 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.784 |
1.748 |
1.777 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.140 |
3.147 |
3.047 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.507 |
0.671 |
0.949 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.633 |
2.476 |
2.098 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.901 |
0.732 |
0.626 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.732 |
1.744 |
1.472 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.80 |
27.98 |
23.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.99
|
1.07 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.50
|
1.53 |
1.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.20
|
6.01 |
5.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.18 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.04
|
1.15 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04
|
2.60 |
2.28 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
6.231 |
6.231 |
6.231 |
|
Reserves & Surplus |
5.936 |
7.679 |
9.411 |
|
Net worth |
12.167 |
13.910 |
15.642 |
|
|
|
|
|
|
long-term borrowings |
14.707 |
15.078 |
15.280 |
|
Short term borrowings |
3.356 |
0.882 |
0.928 |
|
Total borrowings |
18.063 |
15.960 |
16.208 |
|
Debt/Equity ratio |
1.485 |
1.147 |
1.036 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
157.056 |
161.897 |
175.026 |
|
|
|
3.082 |
8.109 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
157.056 |
161.897 |
175.026 |
|
Profit |
1.472 |
1.744 |
1.732 |
|
|
0.94% |
1.08% |
0.99% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Free of Interest |
|
|
|
Shareholders |
0.245 |
0.225 |
|
Bodies Corporate |
0.683 |
0.657 |
|
|
|
|
|
Total |
0.928 |
0.882 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Subject
is Iata Approved Cargo Agent, Customs Authorised
Clearing and FORWARDING and Land Custom Agent. Offices are situated at Kolkata, Bhubaneswar and Benapole, Mumbai, Delhi, Chennai, Bangalore, Assarn and Nepal.
Subject
with its dedicated work force of more than 120 employees is committed to
provide efficient and cost effective world class services.
The
Company operates through its Branches as Cargo Agents offering a wide range of
services as detailed below:
The
Company is IATA (International Air Transport Association) approved, Authorised
Cargo Agent of Indian Airlines, member of ACCAI (Air Cargo Agents Association
of India), and associated with Cargo Agents worldwide to offer joint services
in Freight Forwarding by Air, Sea
and Land.
INCORPORATION
Subject
was incorporated on 30th October,
1988, under the Companies Act, 1956 named as Rubee
Air Freight Private Limited, again the named changed to Rubee
Air Freight Limited On 20th
day of October, 1997 and its registered office situated at 3, Chowringhee
Approach, 'Basu House', 2nd Floor, Kolkata -
700 072.
SERVICE OFFERED
·
Break Bulk (Air and sea Import consolidation/
Transhipment)
·
Customs Clearance: By Air, Sea and Road
·
Air Export Consolidation Service
·
Air Exports
·
Door to Door Services
·
Domestic Air Transportation
VALUE ADDED SERVICES
· Forwarding
· Packing
· Insurance
· Warehousing
· Railway Clearing and Booking all over India
SPECIALISED SERVICES
· Home Delivery
· Draw Back Settlement
· DGFT (Director General of Foreign Trade)
· RBI Formalities
AIR
CARGO SERVICE
In
addition the services also include handling of Charter movements, Exhibition
Cargo, Logistics Services, Forwarding, Perishables Cargo, Dangerous, Goods,
Marine Products, Live Animals, Personal Effects, Unaccompanied baggage, Packing
and Forwarding, Trucking and Warehousing etc.
They
have young dedicated and professional team possessing just the kind of service
are looking for their staffs are efficient and trained to handle the
requirements the way it needs to be handled "handle with care"
Professionalism is the key to their performance and it forms a major part of
their success so far.
In
addition they offer their value added services like handling the cargo right
from shipper's door to the consignee's door in cooperation with their overseas
partners worldwide. At no extra cost progress chasing of pending supplies is
also undertaken through the Agents and shipments collected from suppliers
monitored closely with the Airlines and steamer Agents until arrival at the
final destination in India.
The services cover both
F.O.B. and C.I.F. shipments depending on the terms of contract entered with the
suppliers. In the other word, this would mean when freight is payable at
destination in Indian Rupees in respect of F.O.B. (Free on Board) contracts and
when freight is prepaid in respect of C.I.F. (Cost plus Insurance plus Freight)
contracts, Rates and services will be offered against specific inquiries to
their offices.
They have E-mail/ Internet facility
in the head office at Kolkata to enable faster and
economical mode of communication.
SPECLAL
HANDLING
DANGEROUS GOODS:
Flammable corrosive and
other potentially dangerous material require special known-how and handling especially
in terms of precise documentation and labeling. Every
subject office in India is staffed with experts fully trained and certified in
the correct handling of virtually every hazardous substance.
LIVESTOCK:
Transporting different
types of animal by air requires different methods of handling, loading and care
in transit RAFL has frequent and wide-ranging experience in the' correct
handling of all types of livestock, large or small, docile or temperament&
PERISHABLES:
Extremely time-sensitive materials
such as fresh seafood, flowers, fruits and vegetables need particular
attention. RAFL system of constant care and monitoring assures the delicate
consignment will arrive quickly and as well cared for possible.
UNUSUAL CARGO:
Oversized and unusual size
cargo requires a professional knowledge of the capacities of various types of
aircraft and correct loading procedures and requirements. Advance planning
every step of the way is essential, especially to/ from any destination/ origin
where trans-loading or trans-shipment between various carries or types of
aircraft is required.
EXPERT
CUSTOMS SERVICE:
Subject
has Agents network of most experienced staffs located in key cities through
out the world to speed the cargo through customs by furnishing complete
customs, banking and other documentation services.
RAFL
SPECIAL HANDLING
Subject has been in the
business of moving the world's cargo for more than 16 years. They combine the
strength of an international organization with the localized expertise of
professional people.
THE
RAFL GLOBAL NETWORK
Subject
connects with more cities throughout the India, Japan, Europe, Asia, Australia,
America as well as 40 countries around the world.
OCEAN FREIGHT
Rubee Air Freight Limited (RAFL)
and Rubee Shipping Agencies Private Limited (RSAPL)
also provide Ocean Freight Services Smooth sailing for the cargo from port to
port and door to door.
Pre
and Post-Shipment Services
RAFL and RSAPL ocean freight
experts will analyze rates, negotiate with carries and audit the freight costs
to make sure always get the most for the shipping dollar/ rupee.
Freight
Flexibility
RAFL and RSAPL get the
cargo to its destination the most efficient way possible large volume shipments
in Full Container Loads (FCLs) or small cargo
expertly packed and consolidated in Less Container Loads (LCLs).
Project
Cargo
RAFL
and RSAPL also has the expertise and the equipment to insure safe, secure, seaworthy
shipment of oversized out-of-the-ordinary cargo that other forwarders can't
handle.
Door-to-Door
Services
RAFL
and RSAPL will take responsible care of the cargo from pickup, assembly and
consolidation to tracking, delivery and billing.
They
offer the safest ways to ship by sea
Whether
it's challenge of packing to meet stringent bulk cargo handling requirements,
insuring the shipment or preparing through out of lading, the ocean freight
representative knows how to safely move the goods by sea.
Expert
Customs Services
RAFL
and RSAPL has one of the largest and most experienced staffs located in key
cities throughout India in its Branches to speed the cargo through customs by
furnishing complete customs, banking and other documentation service
WAREHOUSE FACILITIES
They
have their own warehouses - (1) 4000 sq. ft., (2) 2000 sq. ft. and (3) 8500 sq.
ft.
ROAD TRANSPORTATIONN
They
have their own 10 Nos. Covered vehicle for transportation by road to Benapole/ Petrapole and Haldia.
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90371207 |
03/10/2012 * |
13,500,000.00 |
INDUSIND BANK LTD. |
BURRA BAZAR, 46, KALI
KRISHNA TAGORE STREET (FIRST FLOOR), KOLKATA, WEST BENGAL - 700007, INDIA |
B62557509 |
* Date of charge modification
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Freehold Land
· Building (Godown)
· Computer
· Software Development
· Furniture and Fixture
· Motor Car
· 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.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.