MIRA INFORM REPORT

Report Date :

05.11.2012

IDENTIFICATION DETAILS

Name :	OM LOGISTICS LIMITED
Registered Office :	130 Transport Centering Road, New Delhi – 110 035
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	12.10.1999
Com. Reg. No.:	55-101942
Capital Investment / Paid-up Capital :	Rs.268.392 Millions
CIN No.: [Company Identification No.]	U63002DL1999PLC101942
TAN No.: [Tax Deduction & Collection Account No.]	DELO01316A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Services Provider of Logistics Services, Material Management, Transportation, Warehousing Distribution and Marketing of Goods.
No. of Employees :	800 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

A (58)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 7000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	LONG TERM BANK FACILITIES : ICRA A+
Rating Explanation	Having adequate degree of safety regarding timely servicing of financial obligation it carry low credit risk.
Date	October. 2011

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 31-03-2012.

LOCATIONS

Registered Office :	130 Transport Centering Road, New Delhi – 110 035, India
Tel No.:	91-11-25970200 / 45970200
Fax No.:	91-11-28316533 / 34
E-Mail :	cs@omlogistics.co.in rkgupta@omlogistics.co.in omgroup@omlogistics.co.in
Website :	www.omlogistics.co.in
Corporate Office :	130 Punjabi Bagh, TPT Centre, Ring Road, New Delhi – 110 035, India
Tel No.:	91-11-25970301/4/45970200/25970200
Fax No.:	91-11-28316533/34
E-Mail :	customercare@omlogistics.co.in omgroup@omlogistics.co.in

DIRECTORS

As on 30.09.2011

Name :

Mr. Ajay Singhal

Designation :

Managing Director

Address :

E -115, Ashok Vihar Phase –I, Delhi – 110 052, India

Date of Birth/Age :

17.07.1960

Date of Appointment :

12.10.1999

Din No.:

00054339

Other Directorship:

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	U74899DL1991PTC044695	DIAL TRANSPORT PRIVATE LIMITED	Director	20-06-91	20-06-91	-	Active	NO
2	U74899DL1995PLC065171	OM AIR FREIGHT LIMITED	Director	07-02-95	07-02-95	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Managing director	12-10-99	12-10-99	-	Active	NO
4	U74899DL2000PLC106554	OMX CARGO LIMITED	Whole-time director	01-04-07	30-06-00	22-04-09	Active	NO
5	U63013DL2004PTC124789	VINAYAK AVIATION SERVICES PRIVATE LIMITED	Director	23-02-04	23-02-04	22-08-09	Active	NO
6	U72900DL2004PLC131317	OMX INFO MANAGEMENT LIMITED	Director	16-12-04	16-12-04	-	Active	NO
7	U72200DL2006PTC146604	SHRI GANESH ITSOFT PRIVATE LIMITED	Director	01-12-06	01-12-06	-	Active	NO
8	U63000DL2006PTC150325	EXCEL SOFTECH PRIVATE LIMITED	Director	15-03-07	15-03-07	-	Active	NO
9	U45400DL2007PLC161591	OM INFRACONSTRUCTION LIMITED	Director	03-04-07	03-04-07	-	Active	NO
10	U63023DL2001PTC112366	OM TELECOM LOGISTICS PRIVATE LIMITED	Director	26-09-07	01-06-07	-	Active	NO
11	U72300DL2007PLC167631	OM TRAX PACKAGING SOLUTIONS LIMITED	Director	01-09-07	01-09-07	-	Active	NO
12	U63090DL2008PTC172298	OM MARUBENI LOGISTICS PRIVATE LIMITED	Director	04-01-08	04-01-08	-	Active	NO
13	U29268DL2006PTC155098	Z.K. ENGINEERING PRIVATE LIMITED	Director	18-08-08	12-02-08	-	Active	NO
14	U63013DL2008PLC183525	OM TRANS LOGISTICS LIMITED	Director	19-09-08	19-09-08	22-04-09	Active	NO
15	U34300DL2008PTC184892	ZEM AUTO PARTS PRIVATE LIMITED	Director	14-11-08	14-11-08	-	Active	NO
16	U63030DL2009PTC188186	OM SEAWAYS CARGO PRIVATE LIMITED	Director	05-03-09	05-03-09	15-11-10	Active	NO
17	U72200DL2006PTC146610	DIAL SOFTTECH PRIVATE LIMITED	Director	02-08-10	09-02-10	-	Active	NO
18	U29268DL2006PTC155095	Z AND H ENGINEERING AND TOOLS PRIVATE LIMITED	Director	06-08-11	23-08-10	-	Active	NO
19	U63040DL2001PTC111376	RAGHAV CABS PRIVATE LIMITED	Director	09-08-11	20-09-10	-	Active	NO
20	U45400DL2011PTC221024	A AND P BUILDINFRA PRIVATE LIMITED	Director	16-06-11	16-06-11	-	Active	NO

Name :

Mr. Brij Bala Singhal

Designation :

Director

Address :

E -1156, Ashok Vihar Phase –I, Delhi – 110 052, India

Date of Birth/Age :

09.01.1940

Date of Appointment :

12.10.1999

Din No.:

00054736

Other Directorship:

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	U74899DL1991PTC044695	DIAL TRANSPORT PRIVATE LIMITED	Director	20-06-91	20-06-91	-	Active	NO
2	U74899DL1995PLC065171	OM AIR FREIGHT LIMITED	Director	07-02-95	07-02-95	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	12-10-99	12-10-99	-	Active	NO
4	U74899DL2000PLC106554	OMX CARGO LIMITED	Director	30-06-00	30-06-00	22-04-09	Active	NO
5	U72200DL2006PTC146610	DIAL SOFTTECH PRIVATE LIMITED	Director	21-02-06	21-02-06	-	Active	NO
6	U63000DL2006PTC150325	EXCEL SOFTECH PRIVATE LIMITED	Director	27-06-06	27-06-06	16-07-07	Active	NO
7	U29268DL2006PTC155098	Z.K. ENGINEERING PRIVATE LIMITED	Director	24-07-10	09-02-10	-	Active	NO
8	U34300DL2008PTC184892	ZEM AUTO PARTS PRIVATE LIMITED	Director	30-09-10	24-02-10	-	Active	NO
9	U29268DL2006PTC155095	Z AND H ENGINEERING AND TOOLS PRIVATE LIMITED	Director	06-08-11	23-08-10	-	Active	NO

Name :

Mr. Bajranglal Bajaj

Designation :

Director

Address :

B-307, Yojana Vihar, Delhi – 110092, India

Date of Birth/Age :

15.09.1965

Date of Appointment :

07.08.2007

Din No.:

00041909

Other Directorship:

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	U67120MH1996PTC101720	DYNAMIC ORBITS ADVISORY PRIVATE LIMITED	Director	19-07-04	19-07-04	-	Active	NO
2	U51900MH1987PTC043719	NISCHAL ENTERPRISES PRIVATE LIMITED	Director	19-07-04	19-07-04	06-01-10	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	29-09-07	07-08-07	-	Active	NO
4	U93010RJ2007PTC025494	DIAMOND FABCARE PRIVATE LIMITED	Director	13-12-07	13-12-07	01-04-11	Active	NO
5	L85200AP1993PLC046359	VISHNU CHEMICALS LIMITED	Director	31-10-08	31-10-08	-	Active	NO
6	U74900DL2009PTC195767	KNOWLEDGEAGE ENVIRONMENTAL SERVICES PRIVATE LIMITED	Director	06-11-09	06-11-09	25-02-10	Active	NO
7	U74140DL2010PTC206594	DYNAMIC ORBITS CONSULTANTS PRIVATE LIMITED	Director	03-08-10	03-08-10	-	Active	NO
8	U74999DL2011FTC219295	REACHLAW ENVIRONMENTAL DYNAMIC PRIVATE LIMITED	Director	17-05-11	17-05-11	-	Active	NO
9	U74900DL2012PTC230821	IDEATION INITIATIVES PRIVATE LIMITED	Director	01-02-12	01-02-12	-	Active	NO

Name :

Mr. Deepak Manohar Gogate

Designation :

Director

Address :

Flat No. 16-A-1, SNO 128/1 Chintamani Nagar, Anand Park, Pune - 411007, Maharashtra, India

Date of Birth/Age :

14.11.1953

Date of Appointment :

31.07.2008

Din No.:

01663701

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U29120MH1993FTC074935	DEUTZ ENGINES (INDIA) PRIVATE LIMITED	Director	20-09-00	20-09-00	Active	NO
2	U74140PN2004PTC019614	DEMAG COMTRADE SOLUTIONS PRIVATE LIMITED	Director	11-08-04	11-08-04	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	29-09-08	31-07-08	Active	NO
4	U74900PN2005PTC020380	TEJDEMAG COMSOLUTIONS AND TRADING PRIVATE LIMITED	Director	15-09-10	10-12-09	Active	NO
5	U29100PN2011PTC141537	SAMPUTENSILI EQUIPMENT AND TOOLS PRIVATE LIMITED	Director	05-12-11	05-12-11	Active	NO

Name :

Mr. Amit Gupta

Designation :

Nominee Director

Address :

Flat No. B 27/F Tower 1, 70 Robbinson Road, Robinson Place, Mid Levels, Hongkong

Date of Birth/Age :

24.09.1976

Date of Appointment :

31.07.2008

Din No.:

02282600

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Nominee director	31-07-08	31-07-08	Active	NO
2	U72900KA2001PTC028392	ITTIAM SYSTEMS PRIVATE LIMITED	Director	09-10-09	09-10-09	Active	NO
3	U55101HR2009PTC039838	ASVI HOSPITALITY PRIVATE LIMITED	Director	17-12-09	17-12-09	Active	NO

Name :

Mr. Arun Sharma

Designation :

Director

Address :

H -63, Mohan Garden, Rama Park, Uttam Nagar, New Delhi – 110 059, India

Date of Birth/Age :

07.08.1960

Date of Appointment :

06.06.2005

Din No.:

00066333

KEY EXECUTIVES

Name :	Mr. Sanjog Diwan
Designation :	Secretary
Address :	17Cm Supriya Apartments, Paschim Vihar, New Delhi – 110063
Date of Birth/Age :	30.07.1975
Date of Appointment :	20.06.2007
Pan No.:	AJHPD5331K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Preferences Shares	No. of Equity Shares
Ajay Singhal	--	1153200
Anshu Infotech Private Limited	--	137500
Arun Sharma	--	100
Brijbala Singhal	--	520100
Dail Transport Private Limited	--	186250
Dashmesh Technologies Private Limited	--	150500
Deepak Gupta	--	3500
Grasshopper Baby Wear International Limited	--	94750
Hariyan Freight Carriers Private Limited	--	19500
International Food Company Limited	--	95750
Jagdish Singh	--	100
Kaveri Aggarwal	--	50000
Life Time Estates Private Limited	--	135000
Manoj Gupta	--	17500
Manoj Kumar Mittal	--	170000
Monika Gupta	--	5000
Nagpal Plastics Private Limited	--	45950
Om Air Freight Limited	--	965000
Rajan Sehgal	--	100
Rakesh Kumar Gupta	--	17500
Ranjana Singhal	--	510100
Sanjeev Kumar	--	5000
Satish Chander	--	10000
Suman Gupta	--	21500
Superior Builders Private Limited	--	436500
Vishnu Realtors Private Limited	--	135250
Yugpad Packaging Private Limited	--	69750
R.K Mittal and Sons HUF	--	16000
Newquest Asia Investments Limited	--	1
Newquest Asia Investments Limited	2186775	--
Total	2186775	4971401

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	49.72
Directors or relatives of directors	43.92
Other top fifty shareholders	6.36
Total	100.00

BUSINESS DETAILS

Line of Business :

Services Provider of Logistics Services, Material Management, Transportation, Warehousing Distribution and Marketing of Goods.

GENERAL INFORMATION

Customers :

· Tata Motors Limited

· Maruti Udyog Limited

· AMW

· Samsung

· Bajaj Auto Limited

· Future Group

· HCL

· LG

· Voltas Limited

· Mahindra and Mahindra Limited

· Honda

· TVS

· General Motors

· Yamaha

· Hero Honda

· Delphi Automotive Systems Limited

· Eicher Motor Limited.

· Subros

· Escorts

· Ranbaxy

· Cadila

· Arvind Mills

· Godrej and Boyce

· Havells

· Airtel

· Ericsson

· Vodafone

· BSNL

· Idea

· JIL

· Frontech

· JASP

· NBC

No. of Employees :

800 [Approximately]

Bankers :

· Kotak Mahindra Bank Limited, 36-38 A, Nariman Bhawan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India

· State Bank of India, Industrial Finance Branch, Jawahar Vyapar Bhawan, 1Tolstoy Marg, New Delhi – 110 001, India

· Indusind Bank Limited, Dr. Gopal Das Bhavan, 28, Barakhamba Road, New Delhi-11001, India

· Axis Bank Limited, Statesman House, 2nd FLOOR, 148, Barakhamba Road, New Delhi – 110001, India

· Reserve Bank of India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans banks	207.463	699.712
Rupee term loans financial institution	500.000	0.000
Working capital loans banks	282.319	116.677
Working capital loans others	213.963	0.000
Loans taken for vehicles	53.493	41.926
Total	1257.238	858.315

Banking Relations :	--
Auditors :
Name :	Walker Chandiok and Company Chartered Accountant
Address :	L-41, Connaught Circus, New Delhi – 1100001, India
Tel. No.:	91-124-462-8000
Fax No.:	91-124-462-8001
E-Mail :	gurgaon@wegt.in
Pan No.:	AAAFW4298E
Associates :	Om Marubeni Logistics Private Limited
Subsidiaries :	· Om Telecom Logistics Private Limited · Z K Engineering Private Limited · Z and H Engineering and Tools Private Limited
Entities controlled by key management personnel (KMP) :	· Om Air Freight Limited · Omx Cargo Limited · Dial Transport Private Limited · Raghav Cabs Private Limited · Omx Info Management Limited · Vinayak Aviation Services Private Limited · Excel Softech Private Limited · Dial Softtech Private Limited · Shri Ganesh IT Soft Private Limited · Om Auto Carriers · Om Auto Charitable Society · Om Auto · Om Trax Packaging Solutions Limited · Om Infraconstruction Limited · Zem Auto Parts Private Limited · Om Seaways Cargo Private Limited · Om Trans Logistics Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs.70.000 Millions
5000000	Preferences Shares	Rs.100/- each	Rs.500.000 Millions
	Total		Rs.570.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4971401	Equity Shares	Rs.10/- each	Rs.49.714 Millions
2186775	Preferences Shares	Rs.100/- each	Rs.218.678 Millions
	Total		Rs.268.392 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		268.392	449.714	449.714
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1483.408	1428.195	1095.428
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1751.800	1877.909	1545.142
LOAN FUNDS
1] Secured Loans		1257.238	858.315	1046.909
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		1257.238	858.315	1046.909
DEFERRED TAX LIABILITIES		40.605	25.674	25.578
TOTAL		3049.643	2761.898	2617.629
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1268.060	1117.057	1015.592
Capital work-in-progress		116.357	73.237	80.535
INVESTMENT		448.916	437.913	496.252
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	1093.905	937.850	804.239
	Cash & Bank Balances	159.323	184.089	98.336
	Other Current Assets	272.327	416.549	115.105
	Loans & Advances	179.230	18.072	245.183
Total Current Assets		1704.785	1556.560	1262.863
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	183.038	166.118	105.442
	Other Current Liabilities	91.174	71.034	67.336
	Provisions	214.263	185.717	64.835
Total Current Liabilities		488.475	422.869	237.613
Net Current Assets		1216.310	1133.691	1025.250
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3049.643	2761.898	2617.629

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	5018.990	4195.676	3378.996
		Other Income	53.672	12.559	21.212
		TOTAL (A)	5072.662	4208.235	3400.208
Less	EXPENSES
		Manufacturing Service Cost	3613.732	2927.312	2510.943
		Employee Related Expenses	370.653	302.777	254.845
		Administrative Selling and Other Expenses	347.690	321.435	248.391
		TOTAL (B)	4332.075	3551.524	3014.179
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		740.587	656.711	386.029
Less	FINANCIAL EXPENSES (D)		80.641	112.309	176.119
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		659.946	544.402	209.910
Less/ Add	DEPRECIATION/ AMORTISATION (F)		52.910	46.497	38.757
	PROFIT BEFORE TAX (E-F) (G)		607.036	497.905	171.153
Less	TAX (H)		200.146	165.137	66.573
	PROFIT AFTER TAX (G-H) (I)		406.890	332.768	104.580
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		864.663	531.895	427.315
	BALANCE CARRIED TO THE B/S		1271.553	864.663	531.895
	Earnings Per Share (Rs.)		81.85	66.94	21.04

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	8.02	7.91	3.07
Net Profit Margin (PBT/Sales)	(%)	12.09	11.87	5.07
Return on Total Assets (PBT/Total Assets}	(%)	20.42	18.62	7.51
Return on Investment (ROI) (PBT/Networth)		0.35	0.27	0.11
Debt Equity Ratio (Total Liability/Networth)		1.00	0.68	0.83
Current Ratio (Current Asset/Current Liability)		3.49	3.68	5.31

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	No
10]	Designation of contact person	No
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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
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	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]	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	Yes

REVIEW OF OPERATIONS:

During the year, The Company has reported a sharp increase in its total income from Rs. 4208.200 millions (approx.) to Rs. 5072.600 millions (approx.) aggregating a jump of around 20.5 %. Profit before Tax (PBT) has increased from Rs. 497.906 millions in F.Y. 2010 to Rs. 607.036 millions in F.Y. 2011 showing an increase of over 21.92%. During the year, Profit after tax (PAT) increased from Rs. 332.768 millions in F.Y. 2010 to Rs. 406.890 millions in F.Y. 2011. Year 2010-11 further witnessed the consolidation of the reversal of recessionary trends which the industry faced due to worldwide recession in the year 2008-09. Coupled with regular growth in the business with addition of new customer, the Company could achieve the better performance this year.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Modification of charge
Charge identification number of the modified	10113033
Corporate identity number of the company	U63002DL1999PLC101942
Name of the company	OM LOGISTICS LIMITED
Address of the registered office or of the principal place of business in India of the company	130 Transport Centering Road, New Delhi – 110 035, India
Type of charge	Book Debts Movable Property [not being pledge] Floating Charge Immovable Property Any Interest in Immovable Property Others
Particular of charge holder	State Bank of India, Industrial Finance Branch, Jawahar Vyapar Bhawan, STC Building, 14^th Floor, 1, Tolstoy Marg, New Delhi-110001, India
Email	narendra.k@sbi.co.in
Nature of description of the instrument creating or modifying the charge	Form C.I-a supplemental agreement of loan for increase in the overall limit Form C.2-a supplemental agreement of hypothecation of goods and assets for increase in the overall limit. Form C.5 letter regarding the grant of individual limits within the overall limit Form b for extension of charge by creation of EM of property.
Date of instrument Creating the charge	24.10.2011
Amount secured by the charge	Rs.775.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC - intt. at 3.00% above base rate i.e. present effective rate of 13.00% p.a. and Tl-II - Intt. at 4.50% above base rate i.e.. Effective rate of 14.50% p.a. with monthly rests. Terms of Repayment Working capital - repayable on demand. Term loan in installments as per agreement Margin Book debts / receivables (cover period 120 days) - 20%. Extent and Operation of the charge 100%
Short particulars of the property charged	Primary security (cc)- first charge on book debts, and all other current assets, present and future of the company. Tl- first charge on the l and building Meausring 42 Kanal and 8 Marlas comprised in I). Khewat No.141, Khata No. 193, Rec No. 13, Kila Nos. 9/1(0-6), 9/2(7-4) and 12(8-0) and Khewat No. 82, Khata No. 111, rec. No. 13, kila no. 14/2/1 situated at village Binola, Tehsil and District, Gurgaon. Collateral security(Tl) - extension of charge on the fixed assets of the company including equitable mortgage of land and building as per follows: I). Warehouse built on land and building measuring 42 Kanal and 8 Marlas comprised in Khewat No. 141, Khata No. 193, rec no. 13, Kila nos. 9/1(0-6), 9/2(7-4) and 12(8-0) and Khewat No. 82, Khata No. 111, Rec. No. 13, Kila No. 14/2/1 situated at village Binola, Tehsil and District, Gurgaon. II). Property out of Survey No. 253 (Piaki) and others situated in Thr Abidi of Village Maghasar, Taluka- Halol, sub district- Kalol, District- Panchmahal, Gujarat. (16 acres). III). Property out of Gutt no. 1228/2 (area 2n acre Located adjacent to the factory of l and t) in the Abadi of Village Sanaswadi, Taluka Panchayat Samiti Shirur, Pune. Iv). Property out of Gutt No. 427, (area- 1 acre located adjacent to the factory of o-real) in the Abadi of Village- Mahalunge, Taluka Panchayat Samiti Khed, District- Pune, Maharashtra. V). Warehouse building measuring 66 Kanal and 12 Marlas comprised ii Khasra No. 7/7/2, 8, 9, 12, 13, 14/1, 17/2, 18 and 19 situated in the revenue estate of Village- Binola, Tehsil and District, Gurgaon. VI). Godown at e-15, MIDC, industrial area Satpur, Nasik, Maharashtra.
Date of latest modification prior to the present modification	26.11.2010
Particulars of the present modification	Limit revised to Rs 775.000 millions other terms and conditions remains unchanged as per agreement

FIXED ASSETS:

· Plant and Machinery

· Computer Equipment

· Furniture and Fixture

· Vehicles

· Land

· Buildings

· Leasehold Improvement

PRESS RELEASE:

OM LOGISTICS RAISES RS 1200.000 MILLIONS FROM MERRILL LYNCH

18.01.2008

Om Logistics Limited has raised Rs 1.2 Billion from Merrill Lynch in debt and equity. Motilal Oswal Investment Advisors, the investment banking arm of Motilal Oswal Financial Services Limited have facilitated this fund raising programme of Om Logistics. A portion of the funds raised would be utilized to finance the acquisition of a Delhi based telecom logistics company, Crossroads Logistics Limited. The remaining is being deployed to expand warehousing capacities across the country and to meet working capital requirements for the future.

Mr. Ajay Singhal, Chairman, Om Logistics Limited said "The Indian Logistics industry is expected to grow at the rate of more than 15% p.a. over the medium term. An increasing importance of quality logistics services by manufacturing sector has provided an impetus to leading logistics players like our company to invest in technology and warehousing space in order to provide an efficient and effective logistics support. Consolidation at top end is expected in this sector in order to scale up. We value Merrill Lynch's participation and support in our initiatives and therefore enable an inorganic as well as organic growth of the Company."

Commenting on the deal, Mr. Motilal Oswal, CMD, Motilal Oswal Financial Services limited "India Inc is on a roll. Corporates across all verticals are trying to scale up their operations and our client Om Logistics is no exception. The huge demand for multimodal logistics solutions and warehousing is here to stay. We are happy to have arranged this deal and wish them all the success".

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 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.53.66
UK Pound	1	Rs.86.37
Euro	1	Rs.69.24

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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
TOTAL		58

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.