MIRA INFORM REPORT

Report Date :

21.03.2012

IDENTIFICATION DETAILS

Name :	JEENA AND COMPANY
Registered Office :	Post Box No.849, Elphinstone Building, 10, Veer Nariman Road, Fort, Mumbai – 400 001, Maharashtra
Country :	India
Year of Establishment :	1900
Capital Investment / Paid-up Capital :	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	MUMJ01116D
PAN No.: [Permanent Account No.]	AAAFJ1721H
Legal Form :	Partnership concern with an unlimited liability of the partners
Line of Business :	Freight Forwarding Concern
No. of Employees :	1200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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
Litigation :	Clear
Comments :	Subject is an established partnership concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The concern 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

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Pankaj
Designation :	Finance Manager
Contact No.:	91-22-28321653 (Ext. – 317)
Date :	17.03.2012

LOCATIONS

Registered Office/ Head Office :	Post Box No.849, Elphinstone Building, 10, Veer Nariman Road, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22042032 (15 Lines)
Fax No.:	91-22-22026853
E-Mail :	bomho@jeena.co.in skatgara@jeena.co.in pgaggar@jeena.co.in info@jeena.co.in
Website :	http://www.jeena.com
Area :	490 sq. mtrs. (Commercial area)
Location :	Owned
Warehouse :	Located at Pune, Maharashtra and in other cities.
Tel. No.:	100,000 sq. fts.
Branch Office :	Located at: v New Delhi v Kolkata v Chennai v Bangalore v Vishakhapatnam v Pune v Kanpur v Varanasi v Kochi v Goa v Tuticorin
Airport Offices:	Located at: v Mumbai v Chennai v Bangalore v Delhi v Hyderabad v Pune v Tuticorin v Cochin v Goa v Ahmedabad v Tirupur v Aurangabad v Coimbatore v Vadodara v Nasik v Nagpur v Kolhapur v Agra v Ludhiana v Kanpur v Jaipur

PARTNERS

Name :	Mr. Cyrus N. Katgara
Designation :	Partner
Date of Birth/ Age :	50 Years
Name :	Mr. Sam N. Katgara
Designation :	Partner
Date of Birth/ Age :	48 Years
Name :	Mr. Homi A. Katgara
Designation :	Partner
Date of Birth/ Age :	47 Years
Name :	Mr. Jahangir N. Katgara
Designation :	Partner
Date of Birth/ Age :	52 Years
Name :	Mr. Pallan N. Katgara
Designation :	Partner
Date of Birth/ Age :	51 Years

KEY EXECUTIVES

Name :	Mr. K.M. Karkhanavala
Designation :	Head - Corporate, Taxation And Legal Affairs
E mail :	kkarkhanavala@jeena.co.in
Name :	Mr. Gayomard J. Driver
Designation :	Finance Controller
E mail :	gdriver@jeena.co.in
Name :	Ms. Yogita Attavar
Designation :	Dy. Manager-Foreign Accounts
E mail :	yattavar@jeena.co.in
Name :	Mr. Homyar R. Desai
Designation :	Manager Systems
E mail :	hdesai@jeena.co.in
Name :	Mr. Lal Bhawnani
Designation :	Manager I. T.
E mail :	lbhawnani@jeena.co.in
Name :	Mr. Hector Patel
Designation :	Country Head Business Development - Outbound
E mail :	hpatel@jeena.co.in
Name :	Mr. Khushrow Major
Designation :	Controller - Corporate Policies
E mail :	kmajor@jeena.co.in
Name :	Mr. Ravi Kannan
Designation :	Head - Supply Chain and Logistics
E mail :	rkannan@jeena.co.in
Name :	Mr. Prakash Asnani
Designation :	General Manager
E mail :	pasnani@jeena.co.in
Name :	Mr. Kanav Tandon
Designation :	Manager-Accounts
E mail :	ktandon@jeena.co.in
Name :	Mr. Naval Sakhalkar
Designation :	Manager-Air Freight
E mail :	nsakhalkar@jeena.co.in
Name :	Mr. K B Bodke
Designation :	Manager - Exports
E mail :	kbodke@jeena.co.in
Name :	Mr. Homi Marolia
Designation :	Manager-Accounts
E mail :	hmarolia@jeena.co.in
Name :	Mr. Ajay Suri
Designation :	Country Head - Business Development
E mail :	asuri@jeena.co.in
Name :	Mr. P B Sonawane
Designation :	Asst.Manager-Import
E mail :	psonawane@jeena.co.in
Name :	Mr. Manoj Motiwala
Designation :	Manager - Express Division
E mail :	mmotiwala@jeena.co.in
Name :	Mr. Neaz Ahmed
Designation :	Branch Manager
E mail :	nahmed@jeena.co.in
Name :	Mr. Sujit Rasam
Designation :	General Manager - Business Development Inbound
E mail :	srasam@jeena.co.in
Name :	Mr. B N Dilip Kumar
Designation :	Dy. Manager-Exports
E mail :	dkumar@jeena.co.in
Name :	Mr. Rajendran Varadhan
Designation :	Dy. Manager - Accounts
E mail :	rvaradhan@jeena.co.in
Name :	Mr. Cyrus Katgara
Designation :	Partner
E mail :	ckatgara@jeena.co.in
Name :	Mr. G D Walimbe
Designation :	Manager-Accounts
E mail :	gwalimbe@jeena.co.in
Name :	Mr. Yadvendra Singh
Designation :	Manager - Sea Freight
E mail :	ysingh@jeena.co.in
Name :	Mr. Jyoti Abrol
Designation :	Manager Air Export
E mail :	jabrol@jeena.co.in
Name :	Mr. P.R. Sathish Kumar
Designation :	Branch Manager
E mail :	prsathishkumar@jeena.co.in
Name :	Mr. R Swaminathan
Designation :	Manager - Account
E mail :	rswaminathan@jeena.co.in
Name :	Mr. K P Elango
Designation :	Dy.Mgr-Sea Exp Consol
E mail :	kelango@jeena.co.in
Name :	Mr. Dara Hormusji
Designation :	Branch Manager.
E mail :	dhormusji@jeena.co.in
Name :	Mr. Prafulla Deshpande
Designation :	General Manager
E mail :	pdeshpande@jeena.co.in
Name :	Mr. J R Tophkhane
Designation :	Branch Manager
E mail :	jtophkhane@jeena.co.in
Name :	Mr. T G Radhakrishnan
Designation :	Branch Manager
E mail :	cochin@jeena.co.in
Name :	Mr. T G Radhakrishnan
Designation :	Branch Manager
E mail :	cochin@jeena.co.in
Name :	Ms. Veronica Rose
Designation :	Branch Manager
E mail :	vrose@jeena.co.in
Name :	Mr. J. Robinson
Designation :	Asst. Mgr - Sea Export
E mail :	jrobinson@jeena.co.in
Name :	Mr. Puroorava G. Patel
Designation :	Branch Manager
Name :	Mr. Ramakrishnan
Designation :	Jr. Executive
E mail :	tirupur@jeena.co.in
Name :	Mr. Sathaya Narayanan
Designation :	Branch Manager
E mail :	sathya@jeena.co.in
Name :	Mr. Sakthivel
Designation :	Jr. Executive
E mail :	coimbatore@jeena.co.in
Name :	Mr. Puroorava G. Patel
Designation :	Branch Manager
E mail :	ppatel@jeena.co.in
Name :	Mr. Vijayanand Salve
Designation :	Branch Incharge
Name :	Mr. Vasant Ghule
Designation :	Branch Incharge
Name :	Mr. Pranav Tiwari
Designation :	Branch Incharge
E mail :	ptiwari@jeena.co.in
Name :	Mr. Ajay Mathur
E mail :	amathur@jeena.co.in
Name :	Mr. K. K. Shukla
Name :	Ms. Jalyashna
Designation :	Credit Controler
Name :	Mr. Pankaj
Designation :	Finance Manager

BUSINESS DETAILS

Line of Business :	Freight Forwarding Concern.
Products/ Services :	Ø Air India Ø Indian Airlines Ø Gulf-Air Ø Arabian Shipping Ø P and O Lines Ø American President Lines Ø Emirates Ø KLM International
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Suppliers :	v Emirates Airline
Customers :	Wholesalers v Federal Express India (Private) Limited
No. of Employees :	1200 (Approximately)
Bankers :	v HSBC Bank, Fort Branch v BNP Paribas, Fort Branch, Mumbai, Maharashtra, India

Banking Relations :	--
Financial Institution :	Credit Agricole Idosuez, Mumbai – 400 020, Maharashtra, India
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	Mumbai, Maharashtra, India
Associates/Subsidiaries :	A. and N. Estates Private Limited A. and N. Hotel Enterprises Private Limited Jeena and Company Private Limited Activity : Freight Forwarders Katgara Brothers Activity : Organisation of Conventions Travel Corporation of India Limited Activity : Travel and Tourism (Largest in India) Katagara Foundation Activity : A Public Charitable Trust A. and N. Enterprises Activity : Real Estates Developers

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been declined by Mr. Pankaj (Finance Manager)

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

LOCAL AGENCY FURTHER INFORMATION

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	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	--
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	No
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	No
15) Capital in the business	No
16) Details of sister concerns	Yes
17) Major suppliers	Yes
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

TRADE REFERENCES:

v Federal Express India (Private) Limited

v Emirates Airline

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.50.25
UK Pound	1	Rs.79.76
Euro	1	Rs.66.52

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
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	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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.