MIRA INFORM REPORT

 

 

Report No. :

312852

Report Date :

20.03.2015 

 

IDENTIFICATION DETAILS

 

Name :

SPARROW LOGISTIC PRIVATE LIMITED

 

 

Registered Office :

121, Chittaranjan Avenue, Opposite: MD. Ali Park, Kolkata – 700 073, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

07.11.2013

 

 

Com. Reg. No.:

21-198249

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 million

 

 

CIN No.:

[Company Identification No.]

U74900WB2013PTC198249

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

To carry on the business of transport, lorry operator, oil operator, cartage and haulage contractor gange proprietor, service Station, spares and accessories shop, owner and charter of road vehicle, aircraft ship, truck, barrage and boats of every description, lightman, carries of goods and passengers by road, water or air, Carmen, cartage contractor, stevedores, wharlingers cargo superintendents, packers, haulers warehouse men, storekeeper and jodmaster and build operate run, lease and trade a cold storage , reefer vehicles, ripening chambers and cold chain Infrastructure.

 

 

No. of Employees :

Information declined by the Management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively new company establishing itself gradually.

 

Management of the company has failed to file its financial since its incorporation with the Government Department.

 

Mr. Naresh Agarwal (Director) has denied to disclose any information about the subject to us.

 

Business is active as per the status shown in the registrar of companies. Payment terms are reported to be unknown.

 

The company can be considered for business dealings on safe and secured trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

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 31-03-2014.

 

INFORMATION DECLINED BY

 

Name :

Mr. Santosh Behra

Designation :

Accountant

Contact No.:

91-22-40352018/2000

 

 

Name :

Mr. Naresh Agarwal

Designation :

Director

Contact No.:

91-9820620330

Date :

20.03.2015

 

 

LOCATIONS

 

Registered Office :

121, Chittaranjan Avenue, Opposite: MD. Ali Park, Kolkata – 700 073, West Bengal, India

Tel. No. :

Not Available

Mobile No. :

91-9820620330 (Mr. Naresh Agarwal)

Fax No. :

Not Available

E-Mail :

ra@crystalgroup.in

bothrabna@yahoo.co.in

 

 

DIRECTORS

 

Name :

Mr. Akash Murari Lal Agarwal

Designation :

Director

Address :

8B, Middleton Street, 26H Gitanjali Apartment, Kolkata – 700 071, West Bengal, India

Date of Birth/Age :

04.01.1974

Date of Appointment :

07.11.2013

DIN No. :

00601047

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U45200WB2007PTC114062

RAMPUR COLD CHAIN PRIVATE LIMITED

Director

09/03/2007

09/03/2007

-

Active

NO

2

U60210WB2007PLC113305

CRYSTAL LOGISTIC (COOL CHAIN) LIMITED

Additional director

16/12/2014

02/03/2008

-

Active

NO

3

U60300TG2006PTC051301

RADHA KRISHAN REFRIGERATED CONTAINER PRIVATE LIMITED

Director

18/02/2013

18/02/2013

-

Active

NO

4

U74900WB2013PTC198249

SPARROW LOGISTIC PRIVATE LIMITED

Director

07/11/2013

07/11/2013

-

Active

NO

5

U01403WB2013PTC198248

HAPPYSHOP HORTICULTURE PRIVATE LIMITED

Director

07/11/2013

07/11/2013

-

Active

NO

6

U01400MH2013PTC251496

MANSOURCE AGRICULTURE PRIVATE LIMITED

Director

30/12/2013

30/12/2013

-

Active

NO

7

U01500MH2014PTC252008

QUATRE AGRO ENTERPRISES PRIVATE LIMITED

Director

13/01/2014

13/01/2014

-

Active

NO

 

 

Name :

Mr. Naresh Murari Lal Agarwal

Designation :

Director

Address :

8B, Middleton Street, 26H Gitanjali Apartment, Kolkata – 700 071, West Bengal, India

Date of Birth/Age :

18.11.1971

Date of Appointment :

07.11.2013

DIN No. :

00601105

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U63090WB1998PTC088100

CRYSTAL ROADWAYS PRIVATE LIMITED

Director

03/09/2013

12/10/1998

-

Active

NO

2

U45200WB2006PTC112171

ENCORD REFRI COOL PRIVATE LIMITED

Director

18/12/2006

18/12/2006

08/10/2012

Active

NO

3

U51109WB2007PTC114063

SHIMLA HORTICULTURE PRIVATE LIMITED

Director

12/03/2007

12/03/2007

28/03/2013

Active

NO

4

U60231WB2007PTC118546

EXCEL COLD LOGISTICS PRIVATE LIMITED

Director

12/09/2007

12/09/2007

28/03/2013

Active

NO

5

U60210WB2007PLC113305

CRYSTAL LOGISTIC (COOL CHAIN) LIMITED

Additional director

16/12/2014

02/03/2008

-

Active

NO

6

U63090WB1987PTC043109

HARIYANA TRANSPORT CO PRIVATE LIMITED

Director

28/12/2012

28/12/2012

-

Active

NO

7

U51909WB2012PTC184659

SIDHIMANGAL SHOPPERS PRIVATE LIMITED

Director

19/03/2013

19/03/2013

-

Active

NO

8

U74900WB2013PTC198249

SPARROW LOGISTIC PRIVATE LIMITED

Director

07/11/2013

07/11/2013

-

Active

NO

9

U01403WB2013PTC198247

FITZGERALD ENTERPRISES PRIVATE LIMITED

Director

07/11/2013

07/11/2013

-

Active

NO

10

U01500MH2014PTC252008

QUATRE AGRO ENTERPRISES PRIVATE LIMITED

Director

13/01/2014

13/01/2014

-

Active

NO

11

U01403MH2014PTC252089

FRESHLIGHT FOOD CHAIN PRIVATE LIMITED

Director

15/01/2014

15/01/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Santosh Behra

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 05.11.2013

 

Names of Shareholders

 

No. of Shares

Percentage of holding

Crystal Logistic Cool Chain Limited, India (Through Murari Lal Agarwal)

9500

95.00

Yatish Agarwal

500

5.00

Total

10000

100.00

 

 

                 

 

BUSINESS DETAILS

 

Line of Business :

To carry on the business of transport, lorry operator, oil operator, cartage and haulage contractor gange proprietor, service Station, spares and accessories shop, owner and charter of road vehicle, aircraft ship, truck, barrage and boats of every description, lightman, carries of goods and passengers by road, water or air, Carmen, cartage contractor, stevedores, wharlingers cargo superintendents, packers, haulers warehouse men, storekeeper and jodmaster and build operate run, lease and trade a cold storage , reefer vehicles, ripening chambers and cold chain Infrastructure.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the Management.

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banking Relations :

--

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs.10/- each

Rs.1.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs.10/- each

Rs.0.100 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

NOT DIVULGED

 

The above information has been declined by Mr. Santosh Behra (Accountant) and Me. Naresh Agarwal (Director).

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

No

24]

Banking facility details

No

25]

Conduct of the banking account

-----

26]

Buyer visit details

-----

27]

Financials, if provided

No

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES

 

No Charges Exist for Company.


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No 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.62.42

UK Pound

1

Rs.92.99

Euro

1

Rs.67.29                                                

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

1

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

-- PROFITABILITY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

11

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

 

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

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