MIRA
INFORM REPORT
|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
YUSEN LOGISTICS (INDIA) LIMITED YUSEN AIR AND SEA SERVICE (INDIA) PRIVATE LIMITED AMALGAMATED WITH YUSEN LOGISTICS (INDIA) LIMITED |
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Registered
Office : |
207-211, 2nd Floor Palm
Court,
Sukhrali Chowk, Gurgaon – 122001, Haryana |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.11.1998 |
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Com. Reg. No.: |
05-042267 |
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Capital
Investment / Paid-up Capital : |
Rs. 594.150 Millions |
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CIN No.: [Company Identification
No.] |
U63010HR1998PLC042267 |
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PAN No.: [Permanent Account No.] |
AAACO2356G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Operating Integrated Logistics Related Services i.e. Sea, Air Freight Forwarding
and Customs Clearance Service. |
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No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1900000 |
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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 moderate track record. There are accumulated losses recorded by the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and January
of 2013/14 which has seen some signs of recovery according to a Care Ratings
report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Nilesh |
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Designation : |
Accounts Executive |
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Contact No.: |
91-22-30914000 |
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Date : |
27.05.2014 |
LOCATIONS
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Registered Office : |
207-211, 2nd Floor Palm
Court,
Sukhrali Chowk, Gurgaon – 122001, Haryana, India |
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Tel. No.: |
91-124-4305300 |
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Fax No.: |
91-124-4305499 |
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E-Mail : |
ylindel@in.yusen-logistics.com dhermendra.kumar@in.yusen-logistics.com |
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Website : |
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Location : |
Owned (Commercial) |
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Bangalore Airport Office/ Branch Office 1 : |
Room No. M-17, Mezzainine Floor, Cargo Terminal I, Menzies
Aviation Bodda, |
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Tel. No.: |
91-80-27688292 / 93 |
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Fax No.: |
91-44-30914029 |
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E-Mail : |
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Head Quarter/ Branch Office 2: |
Trade View, 3rd Floor, Kamala Mills Compound, Gate No.4,
Pandurang Budhkar Marg, Lower Parel,
Mumbai, 400013, Maharashtra, India |
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Tel. No.: |
91-22-30914000 |
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Fax No.: |
91-22-30914070/90 |
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E-Mail : |
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Branch Office 3 : |
No. 201, Prestige Meridian – II, No. 30, MG Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-25095630 |
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Fax No.: |
91-80-25095629 |
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E-Mail : |
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Branch Office 4 : |
A-508, 5th Floor, Sagar Tech Plaza Andheri Kurla Road,
Sakinaka, Andheri (East), Mumbai – 400072, India |
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Tel. No.: |
91-22-40536101 |
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Fax No.: |
91-22-40536100 |
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E-Mail : |
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Branch Office 5 : |
Located At ·
Pune ·
Delhi ·
Karnataka ·
Kochi ·
Chennai |
DIRECTORS
AS ON 30.09.2013
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Name : |
Masaki Kogure |
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Designation : |
Managing director |
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Address : |
Grand hyatt Residences Apartment No. 3339, Off (W), Express Highway,
Santacruz (East), Mumbai – 400055, Maharashtra, India |
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Date of Birth/Age : |
28.08.1954 |
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Date of Appointment : |
03.01.2013 |
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DIN No. : |
03527200 |
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Other Directorship :
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Name : |
Isamu Yoneyama |
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Designation : |
Whole-time director |
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Address : |
Flat No. 203, Tower C1, Parasvnath Exotica, Golf Course Road, Sector –
53, Gurgaon – 122002, Haryana, India |
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Date of Birth/Age : |
26.10.1963 |
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Date of Appointment : |
03.01.2013 |
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DIN No. : |
05102789 |
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Other Directorship :
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Name : |
Toshiyuki Eizaburo Kimura |
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Designation : |
Director |
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Address : |
2 Changi South AVE, Singapore - 486354 |
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Date of Birth/Age : |
18.04.1954 |
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Date of Appointment : |
23.12.2013 |
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DIN No. : |
06634700 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Nilesh |
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Designation : |
Accounts Executive |
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Name : |
Neha Vinodkumar Choudhary |
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Designation : |
Secretary |
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Address : |
303, Saikunj Apartments, Sai Baba Nagar, Navghar Road, Bhayandar
(East), Mumbai – 401105, Maharashtra, India |
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Date of Birth/Age : |
28.04.1989 |
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Date of Appointment : |
01.10.2013 |
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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Nippon Yusen Kabushiki Kaisha, Japan |
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29113350 |
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Yusen Logistics Company Limited, Japan |
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18734846 |
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Yusen Logistics (Singapore) Pte Limited, Singapore |
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11566800 |
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Hitesh Doshi (Nominee YLK Japan) |
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1 |
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Yuti Yamamoto (Nominee YLK Japan) |
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1 |
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Vinod Vahinipati (Nominee YLK Japan) |
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1 |
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Rehan Mirza (Nominee YLK Japan) |
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1 |
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Total |
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59415000 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
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|
|
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Total |
100.00 |
%20PRIVATE%20LIMITED%20AMALGAMATED%20WITH%20YUSEN%20LOGISTICS%20(INDIA)%20LIMITED%20-%20269303%2030-May-2014_files/image002.gif)
BUSINESS DETAILS
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Line of Business : |
Operating Integrated Logistics Related Services i.e. Sea, Air Freight Forwarding
and Customs Clearance Service. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Far East ·
Europe ·
USA |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
450 (Approximately) |
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Bankers : |
·
Standard Chartered Bank, Fort, Mumbai,
Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B S R and Company Chartered Accountants |
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Address : |
Lodha Excelus, 1st
Floor, Apollo Mills, Compound, N. M. Joshi Marg, Mahalakshmi, Mumbai - 400011
Maharashtra, India |
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PAN No.: |
AAIFB0630K |
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Fellow
Subsidiary company : |
·
NYK Line (India) Limited [U99999MH1992PLC102550] ·
Yusen Logistics Do Basil Limited ·
NYK Logistics U.K. Limited ·
Yusen Logistics Company Limited, Japan ·
Yusen Logistics (Americas) Inc ·
Yusen Logistics (Hongkong) Limited ·
Yusen Logistics Singapore Pte Limited ·
Yusen Logistics (Thailand) Company Limited |
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Ultimate Holding
company : |
·
Nippon Yusen Kabushiki Kaisha, Japan |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000100 |
Equity Shares |
Rs.10/- each |
Rs.650.001 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59415000 |
Equity Shares |
Rs.10/- each |
Rs.594.150 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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
594.150 |
594.150 |
367.350 |
|
(b) Reserves & Surplus |
(132.524) |
(144.912) |
(116.228) |
|
(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) |
461.626 |
449.238 |
251.122 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
28.425 |
15.522 |
8.641 |
|
Total
Non-current Liabilities (3) |
28.425 |
15.522 |
8.641 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
134.613 |
111.765 |
139.954 |
|
(b) Trade payables |
294.268 |
238.828 |
194.918 |
|
(c) Other current liabilities |
70.881 |
90.437 |
70.243 |
|
(d) Short-term provisions |
28.074 |
0.744 |
1.742 |
|
Total
Current Liabilities (4) |
527.836 |
441.774 |
406.857 |
|
|
|
|
|
|
TOTAL |
1,017.887 |
906.534 |
666.620 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
75.891 |
69.288 |
40.095 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
3.773 |
0.000 |
128.263 |
|
(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 |
182.892 |
124.205 |
79.701 |
|
(e) Other Non-current assets |
0.265 |
0.248 |
0.075 |
|
Total
Non-Current Assets |
262.821 |
193.741 |
248.134 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.204 |
1.121 |
0.000 |
|
(c) Trade receivables |
652.317 |
579.228 |
321.956 |
|
(d) Cash and cash equivalents |
26.628 |
66.597 |
5.817 |
|
(e) Short-term loans and
advances |
64.850 |
38.949 |
77.554 |
|
(f) Other current assets |
9.067 |
26.898 |
13.159 |
|
Total
Current Assets |
755.066 |
712.793 |
418.486 |
|
|
|
|
|
|
TOTAL |
1,017.887 |
906.534 |
666.620 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
3,119.063 |
2,213.048 |
1,201.773 |
|
|
Other Income |
2.901 |
0.620 |
4.025 |
|
|
TOTAL
(A) |
3,121.964 |
2,213.668 |
1,205.798 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
74.419 |
27.084 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.083) |
(1.121) |
0.000 |
|
|
Employees benefits expense |
328.539 |
223.768 |
116.342 |
|
|
Other expenses |
2,657.492 |
1,857.291 |
981.234 |
|
|
TOTAL
(B) |
3,059.367 |
2,107.022 |
1,097.576 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
62.597 |
106.646 |
108.222 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.387 |
9.169 |
15.477 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.210 |
97.477 |
92.745 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
13.021 |
13.702 |
12.686 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
39.189 |
83.775 |
80.059 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
26.800 |
17.210 |
10.260 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
|
12.389 |
66.565 |
69.799 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
12.389 |
66.565 |
69.799 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports/ other
Earning |
586.485 |
374.331 |
238.085 |
|
|
TOTAL
EARNINGS |
586.485 |
374.331 |
238.085 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.210 |
1.720 |
1.900 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.39 |
3.01 |
5.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.26 |
3.79 |
6.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.86 |
9.24 |
14.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.19 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.29 |
0.25 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.61 |
1.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
367.350 |
594.150 |
594.150 |
|
Reserves & Surplus |
(116.228) |
(144.912) |
(132.524) |
|
Net
worth |
251.122 |
449.238 |
461.626 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
139.954 |
111.765 |
134.613 |
|
Total
borrowings |
139.954 |
111.765 |
134.613 |
|
Debt/Equity
ratio |
0.557 |
0.249 |
0.292 |
%20PRIVATE%20LIMITED%20AMALGAMATED%20WITH%20YUSEN%20LOGISTICS%20(INDIA)%20LIMITED%20-%20269303%2030-May-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from Operations |
1,201.773 |
2,213.048 |
3,119.063 |
|
|
|
84.149 |
40.940 |
%20PRIVATE%20LIMITED%20AMALGAMATED%20WITH%20YUSEN%20LOGISTICS%20(INDIA)%20LIMITED%20-%20269303%2030-May-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from Operations |
1,201.773 |
2,213.048 |
3,119.063 |
|
Profit After Tax |
69.799 |
66.565 |
12.389 |
|
|
5.81% |
3.01% |
0.40% |
%20PRIVATE%20LIMITED%20AMALGAMATED%20WITH%20YUSEN%20LOGISTICS%20(INDIA)%20LIMITED%20-%20269303%2030-May-2014_files/image008.gif)
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 |
No |
|
19] |
Payments
terms |
Yes |
|
20] |
Export /
Import details (if applicable) |
Yes |
|
21] |
Market
information |
------- |
|
22] |
Litigations
that the firm / promoter involved in |
------ |
|
23] |
Banking
Details |
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 |
No |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10221978 |
05/01/2010 |
75,000.00 |
Standard
Chartered Bank |
90, M G Road,,
Fort, Mumbai - 400001, Maharashtra, India |
A77601920 |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand |
134.613 |
111.765 |
|
|
|
|
|
Total |
134.613 |
111.765 |
WEBSITE DETAILS
NEWS
RELEASES
Yusen Logistics (India) Limited formed
NYK logistics (India) Limited and Yusen
Air and Sea Service (India) Private Limited have been integrated to form Yusen
Logistics (India) Limited which became operational on October 1, 2011.Yusen
Logistics (India) Limited
is uniquely positioned to provide customers with the most comprehensive set of
solutions available for all their logistics needs.
Both
the Companies were doing well individually in their respective areas of
operations in India. Yusen
Air and Sea,
incorporated in 2007 at two locations, had an established clientete and had
expanded its presence to 7 locations as of September 30, 2011. Wherein NYK
Logistics (India), Established
in 1998, was operating at 8 locations till the said date.
Thinking behind consolidating of two
important entities is to approach potential areas by strengthening the
organization structure and thereby striking the right areas at right point and
in the right manner.
The Company’s goal is to continue
delivering innovative, customized and high-quality services, for which it will
adhere to the established roadmaps of the existing solutions as well as
simultaneously exploring the opportunities to provide customers with additional
value in new areas.
The newly formed Company
has a little over 300 personel spread over 9 locations, with 45,000 sq.m of
warehousing space and revenue $46 million.
The new President Mr. Masaki Kogure has
given a speech on the Inauguration party of the new Company. There were certain
considerations for the future which are mentioned below:
• Yusen Logistics will always be at the doorsteps to
support the business requirements.
• Serving customer in
professional manner will be the motto of YLIN.
• The Company would offer Greater
network support with 427 locations x 35 countries.
• Customized compliance oriented
solutions for living up to customers’ requirements.
• Skilled experienced human
resources to serve the people 365 x 24 days
Customers can be benefited in different ways from:
• Extensive
range of solutions/products to meet the requirements of the complete supply
chain.
• A commitment to innovation for matching the globalisation concept.
• Greater network support to the extent of 427 locations in 35 countries.
• A financially strong partner with long-term strategy for growth.
Launching
the New YUSEN LOGISTICS [2010.10.01]
On October 1, 2010, Yusen Logistics Company, Limited commenced operations,
integrating the logistics business of Yusen Air and Sea Service Company, Limited (hereinafter
YAS) and NYK Logistics (Japan) Company, Limited (hereinafter NLJ) to
respond to the rapid changes taking place in the global economy.
Today, October 1, 2010, YAS and NLJ have integrated their
logistics business, creating a comprehensive logistics provider operating
globally with world-class scale and quality, and have commenced operations,
making a fresh start as Yusen Logistics Company, Limited
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.84 |
|
|
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
----- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.