MIRA INFORM REPORT

Report Date :

14.03.2012

IDENTIFICATION DETAILS

Name :	Export Import Containers.
Registered Office :	Shreeji Krupa, Plot No. 107, Sector No 19 C, Vashi, Navi Mumbai-400705, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	21.04.1994
Com. Reg. No.:	077890
Capital Investment / Paid-up Capital :	Rs. Millions
CIN No.: [Company Identification No.]	U63010MH1994PTC077890
TAN No.: [Tax Deduction & Collection Account No.]	MUMS34906E MUMS21405G
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter and Importer of Containers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 282428
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office/ Head Office :	Shreeji Krupa, Plot No. 107, Sector No 19 C, Vashi, Navi Mumbai-400705, Maharashtra, India
Tel. No.:	91-22-40746600/01
Mobile No.:	91-22-27656924
Fax No.:	91-
E-Mail :	Sanjay.c.shah@vsnl.com Mumbai@shreejitransport.com
Regional Offices :	Bangalore A-49, First Floor M.T.B Road, Journalist Colony, Bangalore – 560 002. Chennai Plot No.38, 39 & 40, Kaveri Nagar, Velappanchavadi, Chennai-600077.
Warehouses :	Located at Bangalore 4th Cross, New Kalasipalayam Extn.,Bangalore - 560 002. Bangalore - Yeswanthpur Building No. A9, Dr Devaraj Uras Truck Terminal, Yeswanthpur 2nd Stage, Opp. To Kantieerva Studio, Bangalore – 560 022. Chennai Shreeji Square, Plot No.38, 39 & 40, Cauvery Nagar, Madiravedu, Vellapanchavadi, Chennai - 600 077. Mumbai - Vashi Shreeji House, Sector 19c, Plot No.107, Vashi, Navi Mumbai – 400 705. Mumbai - Bhiwandi Shed No.8, Godown No.12, Arihant Compound Purna Village, Dist. Thane, Bhiwandi - 421 302. Mumbai - Kalamboli Plot No. 1681, 1682, 1710 & 1711, Kalamboli Steel Market, Mumbai, Maharashtra, India
Branches :	Located at: Mumbai, Ahmedabad, Baroda, Kolhapur, Pune Vapi, Bangalore, Chennai, Cochin, Coimbatore, Hosur, Hubli, Hyderabad, Madurai, Mysore, Puducherry, Tuticorin, Delhi, Lucknow, Kanpur, Varanasi, Haridwar, Rudrapur

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Narendra Chhabildas Shah
Designation :	Director
Address :	107, 1st Floor, Krushal Towers, D Wing, G.M. Road, Chembur, Mumbai-400089.
Date of Appointment :	21.04.1994

Directorship in Other Companies :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	21/04/1994	21/04/1994	-	Active	NO
2	U74999MH2008PTC186793	HPM TRADERS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO

Name :	Mr. Mahendra Chhabildas Shah
Designation :	Director
Address :	2/12, Saini Bhavan, G.M. Road, S.No.230, Chembur, Chembur, Mumbai-400089. Maharashtra
Date of Appointment :	08/04/1994

Directorship in Other Companies :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	04/08/1994	04/08/1994	-	Active	NO
2	U74999MH2008PTC186793	HPM TRADERS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO

Name :	Mr. Bipin Chhabildas Shah
Designation :	Director
Address :	46/D, Bbc Springfield Aprt., 58 Evk Sampath Rao, Vepery, Chennai - 600007 Tamil Nadu
Date of Appointment :	08/04/1994

Directorship in Other Companies :

Top of Form

Bottom of Form

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	04/08/1994	04/08/1994	-	Active	NO

Name :	Mr. Mukesh Manubhai Shah
Designation :	Director
Address :	N-5,24th Main Road, Aurbindo Marg, J.P. Nagar, 1st Phase, Bangalore- 5600078, Karnataka
Date of Appointment :	08/04/1994

Directorship in Other Companies :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	04/08/1994	04/08/1994	-	Active	NO
2	U63011KA1980PLC003718	D.DEVARAJ URS TRUCKS TERMINALS LIMITED	Director	28/09/2007	28/09/2007	-	Active	YES

Name :	Mr. Rupesh Manubhai Shah
Designation :	Director
Address :	1906, Gurukrupa, 5th Cross, 20th Main Road, J.P.Nagar, 2nd Phase,Bangalore- 560078, Karnataka
Date of Appointment :	08/04/1994

Directorship in Other Companies :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	04/08/1994	04/08/1994	-	Active	NO

Name :	Mr. Rajnikant Chhabildas Shah
Designation :	Director
Address :	2B/22, Jyothi, 191, 10th Road, Behind Odeon Cinema, Ghatkopar-(East), Mumbai-400077, Maharashtra
Date of Appointment :	08/04/1994

Directorship in Other Companies :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63010MH1994PTC077890	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED	Whole-time director	04/08/1994	04/08/1994	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Shah Chhabildas Narendra	8476
Shah Chhabildas Mahendra	8626
Shah Chhabildas Bipin	8929
Shah Manubhai Mukesh	7293
Shah Manubhai Rupesh	8793
Shah Chhabildas Rajnikant	8793
Shah Shailesh Indira	1793
Shah Ratilal	1
Shah Bhavana	5024
Shah Champaben	1
Shah Mangalaben	1
Shah Chandrika	5674
Shah Dharmista	4968
Shah Neeta	6597
Chhayaben Sagalia	1
Deesha K. Shah	1
Hasuben Sagalia	1
Hasumati Shah	1
Hemant Kamdar	1
H.U.Shah (Huf)	1
Kamal Shah	1
Chandrika Chauhan	1
Namrata Shah	1
Parag Parmar	1
P.R.Investment	1
P.R.Shah	1
Reena B. Shah	1
Shankarlal Dosabhai	1
Mahendra C. Shah (Huf)	1615
Mukesh M. Shah (Huf)	1096
Narendra C. Shah (Huf)	1620
Rajnicant C. Shah (Huf)	1001
Shailesh M. Shah (Huf)	1
Malti Shah	1050
Rashmi Shah	6550
Shailesh Shah	3550
Mitesh Bipin Shah	2539
Total	94005

AS ON 30.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Exporter and Importer of Containers.

GENERAL INFORMATION

Customers :

Wholesalers, Retailers, End Users, OEM’s

No. of Employees :

Not Available

Bankers :

HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower ParelW, Mumbai-400013, Maharashtra, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Loans From Banks
Working Capital Loans from Banks	73.187	61.359
Term Loans from banks against property	0.137	0.306
Vehicle loans from banks	84.361	73.663
TOTAL	157.685	135.328
UNSECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Other Loans
Vehicle Loan from Financial Institutions	19.939	19.847
TOTAL	19.939	19.837

1. Working Capital Loans referred to herein above are secured by hypothecation of present and future Stock and Book Debts together with second charge on immovable properties of the Company located at Mumbal and Personal Guarantee of Directors of the Company.

2. Term Loons from Bank referred to herein above are secured by first Charge on Office Premises of the Company located at Bangalore and Personal Guarantee of the Directors of the Company.

3. Vehicle Loans from Banks and Financial Institutions are secured by way of hypothecation of Vehicles acquired out of the said loan

Banking Relations :	--
Auditors :
Name :	Sanjay C. Shah And Associates Chartered Accountant
Address :	B-3, Om Joshi Apartment, Lallubhai Park Road, Andheri (W), Mumbai – 400058, Maharashtra, India
Tel no.:	91-22-26248873/26281101
Fax No.:	91-22-26248873
Email:	Sanjay.c.shah@vsnl.com
Associates/Subsidiaries :	NA

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19927	Equity Shares	Rs.100/- each	Rs.1.993 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1.993	1.993	1.993
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		68.614	51.556	44.997
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		70.607	53.549	46.990
LOAN FUNDS
1] Secured Loans		177.624	155.176	139.980
2] Unsecured Loans		12.867	12.560	13.923
TOTAL BORROWING		190.491	167.736	153.903
DEFERRED TAX LIABILITIES		1.131	(0.929)	(0.363)
TOTAL		262.229	220.356	200.530
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		110.800	89.539	83.856
Capital work-in-progress		8.016	17.703	8.105
Capital Advanced		1.150	0.680	2.201
INVESTMENT		1.665	0.531	0.093
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.349	0.456	1.371
	Sundry Debtors	116.346	101.376	97.308
	Cash & Bank Balances	16.789	14.489	8.773
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	47.948	34.085	35.936
Total Current Assets		182.432	150.406	143.388
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.857	0.939	0.738
	Other Current Liabilities	20.991	24.008	15.375
	Provisions	19.986	13.556	21.001
Total Current Liabilities		41.834	38.503	37.114
Net Current Assets		140.598	111.903	106.274
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		262.229	220.356	200.530

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		TOTAL (A)	452.698	424.711	425.904
Less	EXPENSES
		TOTAL (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		59.939	49.985	47.702
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		59.939	49.985	47.702
Less/ Add	DEPRECIATION/ AMORTISATION (F)		34.378	36.627	34.301
	PROFIT BEFORE TAX (E-F) (G)		25.561	13.358	13.401
Less	TAX (I)		8.503	6.800	4.849
	PROFIT AFTER TAX (G-I) (J)		17.058	6.558	8.552
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		51.555	44.997	36.445
	BALANCE CARRIED TO THE B/S		68613	51.555	44.997
	Earnings Per Share (Rs.)		856.03	329.14	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	3.77	1.54	2.01
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	8.72	5.57	5.90
Return on Investment (ROI) (PBT/Networth)		0.36	0.25	0.28
Debt Equity Ratio (Total Liability/Networth)		3.29	3.85	4.06
Current Ratio (Current Asset/Current Liability)		4.36	3.90	3.86

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS

The Company has achieved turnover of Rs. 452.698 Millions during the year. Profit before Tax during the year is Rs. 25.561 Millions during the previous year. Your Directors are making constant endeavor to improve performance of the Company

FORM 8:

This form is for	Creation of charge
Corporate identity number of the company	U63010MH1994PTC077890
Name of the company	SHREEJI TRANSPORT SERVICES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Shreeji Krupa, Plot No. 107 , Sector No. 19 C , Vashi, Navi Mumbai-400705, Maharashtra, India
Type of charge	Movable Property
Particular of charge holder	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower ParelW, Mumbai-400013, Maharashtra, India
Nature of description of the instrument creating or modifying the charge	Agreement Loan and Guarantee. Contracts No: 3404823/34/39/47/55 = Rs.2.000 millions X 5counts = Rs.10.000 Millions
Date of instrument Creating the charge	15.12.2011
Amount secured by the charge	Rs.10.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest @ 10.81 % p.a. Terms of Repayment The Loan is repayable in 46EMIs of Rs.0.269 million Starting from 15th February, 2012 ending to 15th November, 2015. Margin As may stipulated by bank from time to time Extent and Operation of the charge The Company hypothecates to and charges in favour of the Bank by way of first and exclusive charge of the Vehicle/ equipment described in Item No. 15 as security for the repayment/payment by the company of the loan granted or to be granted to the company by the Bank together with all fees, interest, costs and expenses incurred/to be incurred by the Bank and all other monies payable or to become payable by the company to the Bank. Others The Bank shall be absolutely entitled and have full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Bank may decide, including reserving a right to the Bank to retain its power to proceed against the company on behalf of the purchaser, assignee or transferee, any or all outstanding dues of the company, to any third party of the Bank's choice without reference to or without written intimation to the company
Short particulars of the property charged	Hypothecation of 5 Nos of Vehicle Namely : Al 2516, ( Year Of Manufacture - 2011 )

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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] 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.49.84
UK Pound	1	Rs.77.96
Euro	1	Rs.65.61

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.