MIRA
INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AEROMAR LOGISTICS (INDIA) PRIVATE LIMITED |
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Registered
Office : |
208, Wakefield House, Second Floor, 11, Sprott Road, Ballard Estate,
Mumbai – 400038, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
27.04.2005 |
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Com. Reg. No.: |
11-152839 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U63000MH2005PTC152839 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Provide Logistics Services |
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No. of Employees
: |
200 (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 84000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal business dealing 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.
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
|
Name : |
Mr. Sunil |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9769342196 |
|
Date : |
03.08.2012 |
LOCATIONS
|
Registered Office : |
208, Wakefield House, Second Floor, 11, Sprott Road, Ballard Estate,
Mumbai – 400038, Maharashtra, India |
|
Tel. No.: |
91-22-66179797 (100 Lines) / 26617928 |
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Mobile No.: |
91-9769342196 (Mr. Sunil) |
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Fax No.: |
91-22-66179796 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Regional Office : |
CWC, Container Freight Station, Dronagari Node, Taluka
Uran, Dist. Raigad, |
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Tel. No.: |
91-22-27240564 |
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E-Mail : |
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Branch Office : |
Located at ·
Ahmedabad ·
Vadodara ·
Mundra / Kutch / Kandla / Pipavav ·
Rajkot ·
New Delhi ·
Chennai ·
Bangalore ·
Cochin ·
Hyderabad |
DIRECTORS
As on 23.09.2011
|
Name : |
Mr. Sandeep Anand Tambe |
|
Designation : |
Managing Director |
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Address : |
203/264, 2nd Floor, Vabhav Arcade, Plot No.79/80, B-Lane,
Sector No.8, Vashi, Navi Mumbai – 400703, Maharashtra, India |
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Date of Birth/Age : |
19.10.1983 |
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Date of Appointment : |
27.04.2005 |
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DIN No.: |
00483119 |
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Name : |
Mr. Harsh Krishnan Anantharaman |
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Designation : |
Director |
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Address : |
33-B, 106, Dhavalgiri Shami, Samarthi Nagar, Andheri (West), Mumbai –
400053, Maharashtra, India |
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Date of Birth/Age : |
21.07.1976 |
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Date of Appointment : |
27.04.2005 |
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DIN No.: |
00932248 |
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Name : |
Mr. Ravi Janardhana Nair |
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Designation : |
Director |
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Address : |
5, Parna Kutir, Behind Aadhar medical Store, Manikpur, Vashi (West),
Thane – 401202, Maharashtra, India |
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Date of Birth/Age : |
10.12.1973 |
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Date of Appointment : |
27.04.2005 |
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DIN No.: |
00932388 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
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Designation : |
Finance manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ravi Janardhana Nair |
|
2000 |
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Harsh Krishnan Anantharaman |
|
2000 |
|
Sandeep Anand Tambe |
|
6000 |
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Total |
|
10000 |
As on 23.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provide Logistics Services |
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Products : |
Non Vessel Owner Cargo Carriers |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
Hyndai |
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Customers : |
Corporate |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Punjab and Maharashtra Co-Operative Bank ·
Standard Chartered Bank ·
HDFC Bank Limited ·
ICICI Bank Limited ·
State Bank of Travancore ·
Kotak Mahindra Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Poonawala and Associates Chartered Accountants |
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Address : |
126, Abdul Rehman Street, 2nd floor, Mariam Manzil, MUMBAI – 400003,
Maharashtra, India |
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PAN.: |
AADPP5272E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
11.434 |
9.534 |
9.264 |
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3] Reserves & Surplus |
9.497 |
4.851 |
2.681 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
21.031 |
14.485 |
12.045 |
|
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LOAN FUNDS |
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|
1] Secured Loans |
1.717 |
0.476 |
0.901 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
1.717 |
0.476 |
0.901 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.012 |
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TOTAL |
22.748 |
14.961 |
12.958 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.701 |
2.777 |
3.198 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.054 |
0.012 |
0.012 |
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DEFERREX TAX ASSETS |
0.196 |
0.196 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
0.000
|
0.000 |
0.000 |
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|
Sundry Debtors |
34.787
|
18.955 |
19.932 |
|
|
Cash & Bank Balances |
0.902
|
2.589 |
5.200 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
6.412
|
7.417 |
5.356 |
|
Total
Current Assets |
42.101
|
28.961 |
30.488 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
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|
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Sundry Creditors |
18.573 |
9.537 |
12.971 |
|
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Other Current Liabilities |
7.797
|
4.884 |
6.011 |
|
|
Provisions |
0.934
|
2.564 |
1.762 |
|
Total
Current Liabilities |
27.304
|
16.985 |
20.744 |
|
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Net Current Assets |
14.797
|
11.976 |
9.744 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
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TOTAL |
22.748 |
14.961 |
12.958 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
269.625 |
172.760 |
197.388 |
|
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Other Income |
0.000 |
0.567 |
0.000 |
|
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TOTAL |
269.625 |
173.327 |
197.388 |
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|
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Less |
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Office Expenses |
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Administrative Expenses |
265.055 |
170.433 |
194.125 |
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Advertising Expenses |
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TOTAL |
265.055 |
170.433 |
194.125 |
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PROFIT BEFORE
TAX |
4.570 |
2.894 |
3.263 |
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Less |
TAX |
0.000 |
0.726 |
1.375 |
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PROFIT AFTER TAX
|
4.570 |
2.168 |
1.888 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
2.681 |
0.160 |
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BALANCE CARRIED
TO THE B/S |
NA |
4.849 |
2.048 |
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|
Earnings Per
Share (Rs.) |
457 |
216 |
188 |
|
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%20PRIVATE%20LIMITED%20-%20189389%2004-Aug-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20189389%2004-Aug-2012_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
320.000 |
Expected Sales (2012-13) : Rs.400.000 Millions
The above information has been parted by Mr. Sunil
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.69
|
1.25 |
0.96 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
1.69
|
1.68 |
1.65 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
9.18
|
9.12 |
9.69 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.20 |
0.27 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.38
|
1.21 |
1.80 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
1.71 |
1.47 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
18.573 |
9.537 |
12.971 |
|
Total |
18.573 |
9.537 |
12.971 |
|
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 |
(Yes) |
|
15] |
Capital in the business |
(Yes) |
|
16] |
Details of sister concerns |
(No) |
|
17] |
Major suppliers |
(Yes) |
|
18] |
Major customers |
(No) |
|
19] |
Payments terms |
(Yes) |
|
20] |
Export / Import details (if applicable) |
(No) |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
(Yes) |
|
24] |
Banking facility details |
(Yes) |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
(Yes) |
|
28] |
Incorporation details, if applicable |
(Yes) |
|
29] |
Last accounts filed at ROC |
(Yes) |
|
30] |
Major Shareholders, if available |
(Yes) |
|
31] |
PAN of Proprietor/Partner/Director, if available |
(No) |
|
32] |
Passport No of Proprietor/Partner/Director, if available |
(No) |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
(No) |
Note:
The registered office of the company has been shifted from
Podar Chamber, 4th Floor, S.A. Barevli Road, Fort, Mumbai – 400001,
Maharashtra, India to present address w.e.f. 25.10.2010
TRADE REFERENCES
· Hyndai
REVIEW OF OPERATIONS
The company has done better in the Sixth year. The company's total sales and other income for the year reference has been Rs. 269.625 Millions and the company's has made a net profit after tax of Rs.4.570 Millions.
MARKETING:
The Company has done turnover of Sales of Rs. 269.625 Millions during the year.
Fixed Assets
·
Computer
·
Motor Car
·
Office Equipments
·
Furniture and Fixture
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 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] 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.58.08 |
|
K Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.