|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOGISTIC INTEGRATORS (I) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
310-A Wing, Sagar Tech Plaza, Saki Naka Junction, Saki Naka, A.K.
Road, Mumbai – 400 072, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.09.2009 |
|
|
|
|
Com. Reg. No.: |
11-195813 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.100 millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2009PTC195813 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing logistics and freight forwarding services. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. Profitability of
the company seems to be fair. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. The company can
be considered for business dealings at usual trade terms and condition. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIC – SE 1B |
|
Rating Explanation |
Highest performance capability and moderate financial strength. |
|
Date |
07.08.2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 : |
Mr. Ravindra Kange |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-42235555 |
|
Date : |
11.01.2014 |
LOCATIONS
|
Registered Office/ Corporate Headquarter/ Branch Office 1 : |
310-A Wing, Sagar Tech Plaza, Saki Naka Junction, Saki Naka, A.K.
Road, Mumbai – 400 072, Maharashtra, India |
|
Tel. No.: |
91-22-42235555 |
|
Fax No.: |
91-22-42235550 |
|
E-Mail : |
naishad@logisticintegrators.com |
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Branch Offices/ Regional Offices : |
Located at: ·
Chennai ·
New Delhi ·
Ahmedabad ·
Kolkata |
|
|
|
|
Overseas Offices : |
Located at: ·
Dubai, United Arab Emirates ·
Doha, Qatar |
DIRECTORS
AS ON 21.09.2013
|
Name : |
Mr. Usman Abdul Rehman |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
Neliyathodi, Wadakanchery, Trichur District – 680 582, Kerala,
India |
||||||||||||||||||
|
Date of Birth/Age : |
30.05.1968 |
||||||||||||||||||
|
Date of Appointment : |
16.09.2009 |
||||||||||||||||||
|
DIN No.: |
02747487 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Sunil Krishnan |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
Flat No. B-19, Profile Enclave, Aundh Road, Pune – 411 003,
Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
10.03.1967 |
||||||||||||||||||
|
Date of Appointment : |
16.09.2009 |
||||||||||||||||||
|
DIN No.: |
02654055 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Naishad Janaksinh Ashar |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
206, Surbahar, Lokpuram, Smt. G.A. Marg, Pokhran Road No.2, Thane –
400 610, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
24.07.1961 |
||||||||||||||||||
|
Date of Appointment : |
19.12.2009 |
||||||||||||||||||
|
DIN No.: |
02676367 |
||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Satish Madhavan |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
B-01, White House, Plot No.233/234, Sector-21, Nerul, Navi Mumbai –
400 706, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
14.07.1969 |
||||||||||||||||||
|
Date of Appointment : |
16.09.2009 |
||||||||||||||||||
|
DIN No.: |
02654066 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Upen Janaksinh Ashar |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
Green Peace Crown Apartment, 616, 51st Street, 9th
Sector, K.K. Nagar, Chennai – 600 078, Tamilnadu, India |
||||||||||||||||||
|
Date of Birth/Age : |
27.11.1966 |
||||||||||||||||||
|
Date of Appointment : |
16.09.2009 |
||||||||||||||||||
|
DIN No.: |
02679607 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Rajesh Athrassery |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
DA-86 F, Hari Nagar, New Delhi – 110 064, India |
||||||||||||||||||
|
Date of Birth/Age : |
04.04.1969 |
||||||||||||||||||
|
Date of Appointment : |
16.09.2009 |
||||||||||||||||||
|
DIN No.: |
02654068 |
||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ravindra Kange |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Usman Abdul Rehman |
|
460000 |
|
Sunil Krishnan |
|
138000 |
|
Naishad Janaksinh Ashar |
|
138000 |
|
Satish Madhavan |
|
138000 |
|
Upen Janaksinh Ashar |
|
138000 |
|
Rajesh Athrassery |
|
138000 |
|
Ganesh Krishnaswamy Iyer |
|
10000 |
|
Mahesh |
|
10000 |
|
Minesh Oza |
|
10000 |
|
Vishnudeo Sing |
|
10000 |
|
Vishnu Manthitta |
|
10000 |
|
Govind Warrier |
|
10000 |
|
Total
|
|
1210000 |
AS ON 21.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing logistics and freight forwarding services. |
|
|
|
|
Products/ Services : |
·
International
Air Freight ·
International
Ocean Freight ·
Customs
Brokerage ·
Project
Cargo ·
Warehousing
and Facility Management ·
Distribution
and Transport Solutions ·
3 PL Services ·
Allied
Logistic Services |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque/ TT |
|
|
|
|
Purchasing : |
Cheque/ TT |
GENERAL INFORMATION
|
Customers : |
Manufacturing Company ·
Reliance ·
Larsen and Toubro |
|
|
|
|
No. of Employees : |
80 (Approximately) |
|
|
|
|
Bankers : |
·
Bank of India, Saki Naka, Andheri, Mumbai,
Maharashtra, India ·
IndusInd Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.N. Naik and Associates Chartered Accountants |
|
Address : |
101, 1st Floor Villa
Flaviana, Opposite Portuguese Church Dadar (West), Mumbai – 400 028,
Maharashtra, India |
|
Tel. No.: |
91-22-24378209/ 24378170 |
|
Mobile No.: |
91-9821038573 |
|
E-Mail : |
|
|
PAN No.: |
AAJPN8390B |
|
|
|
|
Other Related Parties : |
·
Time World Freight LLC ·
Gulf Star Freight Services ·
Go Trans International Services |
CAPITAL STRUCTURE
AS ON 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1210000 |
Equity Shares |
Rs.10/- each
|
Rs.12.100
millions |
|
|
|
|
|
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 |
12.100 |
12.100 |
12.100 |
|
(b) Reserves & Surplus |
32.792 |
21.946 |
6.680 |
|
(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) |
44.892 |
34.046 |
18.780 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.500 |
13.000 |
17.000 |
|
(b) Deferred tax liabilities (Net) |
0.882 |
0.451 |
0.138 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
15.382 |
13.451 |
17.138 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
96.011 |
85.383 |
87.143 |
|
(c) Other current
liabilities |
6.123 |
0.847 |
1.143 |
|
(d) Short-term provisions |
26.294 |
19.670 |
11.658 |
|
Total Current Liabilities (4) |
128.428 |
105.900 |
99.944 |
|
|
|
|
|
|
TOTAL |
188.702 |
153.397 |
135.862 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.947 |
2.182 |
2.122 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.874 |
3.145 |
1.378 |
|
(e) Other Non-current assets |
0.178 |
0.205 |
0.232 |
|
Total Non-Current Assets |
5.999 |
5.532 |
3.732 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
142.402 |
119.983 |
111.701 |
|
(d) Cash and cash
equivalents |
13.863 |
11.386 |
13.514 |
|
(e) Short-term loans and
advances |
0.496 |
1.677 |
0.360 |
|
(f) Other current assets |
25.942 |
14.819 |
6.555 |
|
Total Current Assets |
182.703 |
147.865 |
132.130 |
|
|
|
|
|
|
TOTAL |
188.702 |
153.397 |
135.862 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (Operating Logistic Income) |
830.687 |
727.116 |
608.747 |
|
|
|
Other Income |
2.154 |
(0.093) |
4.340 |
|
|
|
TOTAL (A) |
832.841 |
727.023 |
613.087 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Logistic Operating Expenses (includes Custom duty, Port
charges, Freight, other reimbursement and other charges) |
739.132 |
645.873 |
546.877 |
|
|
|
Employee Cost |
28.127 |
18.656 |
15.433 |
|
|
|
Other Expenses |
47.429 |
38.085 |
26.969 |
|
|
|
TOTAL (B) |
814.688 |
702.614 |
589.279 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.153 |
24.409 |
23.808 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.427 |
1.308 |
1.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.726 |
23.101 |
22.540 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.614 |
0.705 |
0.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
16.112 |
22.396 |
22.122 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.266 |
7.131 |
6.296 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
10.846 |
15.265 |
15.826 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
8.96 |
12.62 |
13.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.30
|
2.10 |
2.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.94
|
3.08 |
3.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.54
|
14.60 |
16.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.66 |
1.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.32
|
0.38 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.40 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
|
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% |
No |
|
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 |
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 |
Yes |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans from
Director |
14.500 |
13.000 |
|
Total |
14.500 |
13.000 |
Note:
·
The registered office of the company has been
shifted from 101,
Villa Flaviana, Govindrao Patwwardhan Marg, Opposite Portuguese Church, Dadar
(West), Mumbai – 400 028, Maharashtra to the present address w.e.f.
19.12.2009.
·
No Charges Exist for
Company.
FIXED ASSETS:
·
Mobile
·
Typewriter
·
EPBX/ Telephone Instruments
·
Air Conditioner
·
Water Cooler
·
Other Office Equipments
·
Furniture and Fixtures
·
Office Security Systems
·
Computers
WEBSITE DETAILS:
PROFILE:
Subject is a company that is focused on integrating a whole logistic and supply chain with a clock work precision. It is a challenge to bridge the two polarities of "Personal Approach" and "System Approach". With this aspect in mind they steer towards bringing an excellent service to the door step of their clients.
Subject brings in a century worth of knowledge in logistics, experience and expertise. The team is highly professional and assertive to ideas that offer innovative and result oriented solutions.
DIRECTORS PROFILE
Mr. Usman Rehman, Chairman
Mr. Usman Rehman, the Chairman of subject, is a professional in the field of logistics trade and has created successful models and case studies in the Logistic Industry. Mr. Usman successfully drives and directs as Chairman for his closely held companies namely “Time world Freight, UAE, and Gulf Star, Qatar." A veteran in trade converts opportunities into reality with his hard and intuitive capability.
Mr. Usman also holds numerous positions in various forums but more prominently is also the Chairman of LINK group, a worldwide network of competent freight forwarders.
Mr. Sunil Krishnan, Managing Director
Mr. Sunil Krishnan, The Managing Director of subject, brings with him a 20 years of working experience behind him, with 16 years as hard core logistician. Key competency lies in setting up operations and venturing. With an enviable skill of leadership has successfully set and master performances in the past stint. The beginning part of the working years in a reputed pharmaceutical company gives a flair for pharmaceutical logistics. Mr. Sunil, has far and wide experience and exposure into international markets and have in past taken the daunting task of setting trade lanes with numerous Europe markets, with special focus to Switzerland, France and Germany.
Mr. Naishad J Ashar, Director Finance
Mr. Naishad J Ashar, the director of Finance, is a qualified cost and works accountant with a professional degree in ICWAI. A unique blend of personality lies in him as a finance person with marketing flair. Mr. Naishad, has a track record of continuous performance for more than 24 years, with half of working life spent with one of the largest Textile Industry at various senior positions. Last 12 years in Logistics Trade, he has been able to create various financial models for logistics industry. His unique skills and talent to decipher financial result helps the organisation in giving forward direction. Key competency lies in managing growth without influx of working capital provides the company a cutting edge in cost economics.
Mr. Satish Madhavan, Director HR and Systems
Mr. Satish Madhavan, the Director of HR and Systems at Subject, holds degree in Science and graduated with a professional degree in Personnel Management and Industrial Relation, PGDPM and IR, MBA in marketing. With 17 years experience in different Industry segments namely FMCG, Pharmaceutical and Logistics Trade, gives an ease to understand the supply chain requirement of any organizational needs. Last 12 years as a hard core logistician has served the industry at various senior positions and in different industry verticals. Mr. Satish, has his core competency in integrating different products, Project cargo, Tender Management, Supply chain and setting up logistic case studies.
Mr. Rajesh A, Director Operations
Mr. Rajesh, the Director of Operations at Subject, is a post graduate in Arts. His experience of more than 16 years in Freight and Logistics, at very senior levels enabled him to set up International Trade lanes, setting up operation in complex markets. Mr. Rajesh has to his credit of setting up China and Far East trade routes in past stint. A skilled administrator and an intuitive mind has successfully played role of setting up policies and procedures.
Mr. Upen Ashar, Director Marketing
Mr. Upen Ashar, the director of Sales and Marketing at subject, holds a degree in Commerce. Mr. Upen has held key portfolios in logistic industry for past 14 years and have served at different senior levels. Earlier stint in a reputed pharmaceutical company for 5 years makes him dextrous with multiple functional roles, more prominent in the areas of sales and marketing. Mr. Upen has also been instrumental in building Europe trade links with focus on UK and Italy markets, which also included a stay in UK for setting up business bilateral trade lanes. Textile, Leather, Fashion logistics are an interesting subject for him.
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 records 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] 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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.