MIRA INFORM REPORT
|
Report No. : |
342482 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
FEI CARGO LIMITED |
|
|
|
|
Registered
Office : |
A -103, Mangalya, Marol Maroshi
Road, Marol Naka, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-42369911/9922 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-165915 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.986 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63013MH2006PLC165915 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF0329B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into providing logistics services. |
|
|
|
|
No. of Employees
: |
80 (Approximately) ) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2006 having
satisfactory track. Available financial indicate company’s sound financial risk profile
marked by healthy networth position with low borrowings recorded and decent
profit margin of the company. Further, the rating also takes into consideration favorable gap
between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Vinu Pilley |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-42369967 |
|
Date : |
24.09.2015 |
LOCATIONS
|
Registered Office/ Head Office/ Corporate Office : |
A -103, Mangalya, Marol Maroshi
Road, Marol Naka, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-42369911/9922 |
|
Fax No.: |
91-22-29204305/4312 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Branch Office : |
Located At:
|
DIRECTORS
As on 24.06.2014
|
Name : |
Mr. Prathapachandran Koyyarampurath Nair |
|
Designation : |
Director |
|
Address : |
D 2702, Oberoi Splendor, J V Link Road, Andheri (East), Mumbai - 400060, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1957 |
|
Date of Appointment : |
01.12.2006 |
|
PAN No.: |
AAAPN6499E |
|
DIN No.: |
00170409 |
|
|
|
|
Name : |
Mr. Abhijeet Pratap Nair |
|
Designation : |
Director |
|
Address : |
D 2702, Oberoi Splendor, J V Link Road, Andheri (East), Mumbai - 400060, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1985 |
|
Date of Appointment : |
01.12.2006 |
|
PAN No.: |
ADKPN1298C |
|
DIN No.: |
00170553 |
|
|
|
|
Name : |
Ms. Vidhi Abhijeet Nair |
|
Designation : |
Director |
|
Address : |
D 2701, Oberoi Splendor CHS Limited, Fantasy Land, CTS No-1, J.V Link Road, Jogeshwari (East), Mumbai - 400060, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1987 |
|
Date of Appointment : |
10.09.2007 |
|
PAN No.: |
AHRPA2738H |
|
DIN No.: |
01814017 |
|
|
|
|
Name : |
Mr. Sheen Ajith Thomas |
|
Designation : |
Whole-Time Director |
|
Address : |
E-405, Akruti Orchid Park, Kurla Road,, Sakinaka, Andheri (East), Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1976 |
|
Date of Appointment : |
05.10.2012 |
|
PAN No.: |
AHAPT0120F |
|
DIN No.: |
03504147 |
|
|
|
|
Name : |
Mr. Anup Purshottamdas Jalota |
|
Address : |
Mohan Niwas, 56 Keluskar Road, Shivaji Park, Mumbai - 400028, Maharashtra, India |
|
Date of Birth/Age : |
Director |
|
Qualification : |
05.12.1987 |
|
Date of Appointment : |
05.10.2012 |
|
PAN No.: |
AAAPJ5603N |
|
DIN No.: |
00795505 |
|
|
|
|
Name : |
Mr. Gopinath Muthukad |
|
Designation : |
Director |
|
Address : |
TC-17/1643, The Academy Of Magical Sciences, Kattu Road, Poojappura, P.O, Trivandrum - 695012, Kerala, India |
|
Date of Birth/Age : |
10.04.1964 |
|
Date of Appointment : |
01.03.2013 |
|
DIN No.: |
06430834 |
|
|
|
|
Name : |
Ms. Sonali Pratapchandran Nair |
|
Designation : |
Director |
|
Address : |
D 2702, Oberoi Splendor, J V Link Road, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Date of Birth/Age : |
28.11.1974 |
|
Date of Appointment : |
16.11.2013 |
|
DIN No.: |
06459598 |
KEY EXECUTIVES
|
Name : |
Ms. Chetna Mehul Vasani |
|
Designation : |
Secretary |
|
Address : |
A/9, Ritika Apartments, S. V. Road, Dahisar (East), Mumbai - 400068, Maharashtra, India |
|
Date of Appointment : |
11.04.2015 |
|
PAN No.: |
BCXPS1624L |
|
|
|
|
Name : |
Ms. Vinu Pilley |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.06.2014
SHAREHOLDERS DETAILS FILE ATTACHED
As on 24.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
0.33 |
|
Directors or relatives of Directors |
89.83 |
|
Other top fifty shareholders |
9.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing logistics services. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
80 (Approximately) ) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Gandhi Jain and Associates Chartered Accountants |
|
Address : |
9/5, Manish Darshan, J. B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFG7024Q |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
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|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
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|
|
|
|
Associate Companies
/ Firms: |
|
CAPITAL STRUCTURE
As on 24.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5098584 |
Equity Shares |
Rs.10/- each |
Rs.50.986
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.986 |
50.986 |
28.936 |
|
(b) Reserves & Surplus |
54.016 |
31.522 |
20.257 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
22.050 |
|
Total
Shareholders’ Funds (1) + (2) |
105.002 |
82.508 |
71.243 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
63.965 |
72.041 |
4.849 |
|
(b) Deferred tax liabilities
(Net) |
6.542 |
5.295 |
0.767 |
|
(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) |
70.507 |
77.336 |
5.616 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.105 |
5.980 |
4.238 |
|
(b) Trade payables |
12.808 |
12.458 |
9.821 |
|
(c) Other current liabilities |
5.080 |
5.113 |
0.287 |
|
(d) Short-term provisions |
14.504 |
9.264 |
9.065 |
|
Total
Current Liabilities (4) |
46.497 |
32.815 |
23.411 |
|
|
|
|
|
|
TOTAL |
222.006 |
192.659 |
100.270 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
112.768 |
109.327 |
27.948 |
|
(ii) Intangible Assets |
9.485 |
11.856 |
11.856 |
|
(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 |
10.798 |
17.098 |
18.098 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.614 |
1.591 |
4.823 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
134.665 |
139.872 |
62.725 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.153 |
0.140 |
0.160 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
27.277 |
41.846 |
19.786 |
|
(d) Cash and cash equivalents |
53.772 |
6.930 |
13.871 |
|
(e) Short-term loans and
advances |
1.878 |
0.880 |
0.612 |
|
(f) Other current assets |
4.261 |
2.993 |
3.116 |
|
Total
Current Assets |
87.341 |
52.789 |
37.545 |
|
|
|
|
|
|
TOTAL |
222.006 |
192.661 |
100.270 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
329.747 |
263.550 |
191.079 |
|
|
Other Income |
0.494 |
1.386 |
1.707 |
|
|
TOTAL
(A) |
330.241 |
264.936 |
192.786 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
14.297 |
11.183 |
7.834 |
|
|
Other expenses |
272.887 |
223.388 |
163.606 |
|
|
Exceptional Items |
(11.582) |
(10.440) |
0.000 |
|
|
TOTAL
(B) |
275.602 |
224.131 |
171.440 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
54.639 |
40.805 |
21.346 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.864 |
10.430 |
1.608 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
43.775 |
30.375 |
19.738 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6.887 |
6.214 |
2.757 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
36.888 |
24.161 |
16.981 |
|
|
|
|
|
|
|
Less |
TAX (H) |
11.327 |
9.514 |
5.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
25.561 |
14.647 |
11.893 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
31.522 |
20.257 |
11.381 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.084 |
0.488 |
0.054 |
|
|
Dividend |
2.549 |
2.549 |
2.549 |
|
|
Tax on Dividend |
0.434 |
0.345 |
0.414 |
|
|
Total
(M) |
3.067 |
3.382 |
3.017 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
54.016 |
31.522 |
20.257 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
88.212 |
51.761 |
NA |
|
|
TOTAL
EARNINGS |
88.212 |
51.761 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.00 |
3.00 |
4.00 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
360.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.400.000 Million
The above information has been denied by Ms. Vinu Pilley (Account
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
0.000 |
0.000 |
|
Net cash flow from operating activity |
NA |
0.000 |
0.000 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.75 |
5.56 |
6.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.57 |
15.48 |
11.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.47 |
13.76 |
20.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.29 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
0.95 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88 |
1.61 |
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
28.936 |
50.986 |
50.986 |
|
Reserves & Surplus |
20.257 |
31.522 |
54.016 |
|
Share Application money pending allotment |
22.050 |
0.000 |
0.000 |
|
Net
worth |
71.243 |
82.508 |
105.002 |
|
long-term borrowings |
4.849 |
72.041 |
63.965 |
|
Short term borrowings |
4.238 |
5.980 |
14.105 |
|
Total
borrowings |
9.087 |
78.021 |
78.070 |
|
Debt/Equity
ratio |
0.128 |
0.946 |
0.744 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
191.079 |
263.550 |
329.747 |
|
|
|
37.927 |
25.117 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
191.079 |
263.550 |
329.747 |
|
Profit |
11.893 |
14.647 |
25.561 |
|
|
6.22% |
5.56% |
7.75% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
OVERVIEW:
Despite being a difficult year for the commercial markets in India, the Company made significant progress in its existing business. The overall income of the Company has risen from Rs.263.500 Million to Rs.330.000 Million. The profit after tax of the Company has risen from Rs.14.600 Million in the previous year to Rs.25.600 Million.
BUSINESS OUTLOOK:
In 2014, the Global economic outlook and indeed that of India is expected to significantly improve as India Inc begins to tackle the economic downturn. With a new government set to be in place in 2014, many policies are expected to be implemented which will give a fresh impetus to India’s growth engine particularly in the corporate and SME sector which in turn will expand demand for the logistics sector. The biggest boost to the growth of the industry is coming from the increasing consumer demand, particularly in the Tier 2 and 3 sections of the country. The Indian logistics market is likely to cross the $ 200 billion figure by 2020, fueled by the consistent growth of the economy and key industries such as automotive, engineering, pharmaceuticals and food processing. We, at FEI Cargo establishes vital link in the supply chain/ freight forwarding /custom broking through innovation, technology and cordial treatment, which is extended to the customers.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10568259 |
17/06/2015 * |
30,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013,
INDIA |
C56818768 |
|
2 |
10537137 |
04/11/2014 |
80,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, |
C37266574 |
|
3 |
10196745 |
07/01/2010 |
300,000.00 |
JANAKALYAN
SAHAKARI BANK LIMITED |
140 Vivek
Darshan Opposite Bhakti Bhavan, Sindhi Society Chembur, Mumbai, Maharashtra -
400071, INDIA |
A77469120 |
|
4 |
10196744 |
29/11/2010 * |
25,110,000.00 |
JANAKALYAN
SAHAKARI BANK LIMITED |
140,Vivek
Darshan,Sindhi Society, Opposite Bhakti Bhavan,Chembur, Mumbai, Maharashtra -
400071, INDIA |
B00084491 |
|
5 |
10183064 |
22/10/2010 * |
5,000,000.00 |
JANAKALYAN
SAHAKARI BANK LIMITED |
140,Vivek
Darshan, Opposite Bhakti Bhavan, Sindhi Society,Chembur, Mumbai, Maharashtra
- 400071, INDIA |
A97197867 |
|
6 |
10156271 |
24/03/2009 |
875,000.00 |
JANAKALYAN
SAHAKARI BANK LIMITED |
140, Vivek
Darshan, Opposite Bhakti Bhavan,, Sindhi Society, Chembur, Mumbai,
Maharashtra - 400071, IN |
A61721627 |
|
7 |
10104932 |
09/04/2008 |
6,500,000.00 |
CITIBANK N. A. |
CITITOWER, DR.
S. S. RAO ROAD, PAREL, MUMBAI, Maharashtra - 400012, INDIA |
A39156591 |
|
8 |
10068854 |
24/08/2007 |
3,000,000.00 |
CITIBANK N. A. |
61, DR. S. S.
RAO ROAD,, PAREL, MUMBAI, Maharashtra - 400012, INDIA |
A23599483 |
|
9 |
10042456 |
31/01/2007 |
3,500,000.00 |
THE FEDERAL BANK
LIMITED |
BRANCH-VILLE
PARLE (EAST), NEAR PETROL PUMP, OFF |
A12541074 |
|
10 |
90355338 |
05/05/2005 * |
1,400,000.00 |
JANAKALYAN
SAHAKARI BANK LTD. |
140; VIVEK
DARSHAN SINDHI SOCIETY, CHEMBUR, MUMBA |
- |
FIXED ASSETS
- Buildings
- Furniture and fixtures
- Office equipment
- Goodwill
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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.