MIRA INFORM REPORT

Report Date :

17.12.2013

IDENTIFICATION DETAILS

Name :	CCI LOGISTICS LIMTIED
Registered Office :	P-4, Black Burn Lane, Kolkata – 700 012, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.01.2005
Com. Reg. No.:	21-101131
Capital Investment / Paid-up Capital :	Rs.21.584 millions
CIN No.: [Company Identification No.]	U60210WB2005PLC101131
PAN No.: [Permanent Account No.]	AACCC5289J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of Logistics by all mode and Custom Clearance.
No. of Employees :	Not Available

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

Maximum Credit Limit :	USD 2793000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a successor of partnership concern started in the year 1977. Later in the year 2005, it was reconstituted as a closely held public limited company. The management has seen a drastic dip in its sales turnover as well as net profitability during 2013. However, the company possess a strong financial profile marked by a healthy networth. The ratings also take into consideration the modest scale, and working capital intensive operations. However, trade relations are fair. Business is active. Payment terms are reported as usually correct. In view of promoters extensive industry experience and their funding support, the subject 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating: BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	March 12, 2013

Rating Agency Name	CRISIL
Rating	Short Term Rating: A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	March 12, 2013

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 :	P-4, Black Burn Lane, Kolkata – 700 012, West Bengal, India
Tel. No.:	91-33-32570033/ 0034/ 40051214
Fax No.:	Not Available
E-Mail :	info@cci-logistics.com yogya.advisory@gmail.com
Website :	www.cci-logistics.com
Mumbai Head Office :	202 B, Corporate Center, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India
Tel. No.:	91-22-67818500
Fax No.:	91-22-66912947
Branch Office 1 :	47/16 Anand Vihar Bakarwala Marg, Najfgarh Nangloi Road, Near Sudansu Jee Ashram, Bakar Wala, New Delhi – 110 043, India
Tel. No.:	91-11-32507176/ 25060530/ 531/ 532/ 533
Branch Office 2 :	C-143, Okhla Industrial Area, Phase-1, New Delhi – 110 020, India
Tel. No.:	91-11-26814944/ 45
Branch Office 3 :	A-26, Devaraj URS Truck Terminal, Industrial Suburb, Yeshwanthpur, Bangalore – 560 022, Karnataka, India
Tel. No.:	91-80-23574768/ 65/ 67
Branch Office 4 :	7 D Doshi Towers, 156 P.H Road, Kilpauk, Chennai – 600 010, Tamilnadu, India
Tel. No.:	91-44-28364182/ 83/ 84

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Naresh Kumar Sharma

Designation :

Director

Address :

A-1002, Plot No.114, Rushi Tower, Swami Samarth Nagar, Mumbai – 400 053, Maharashtra, India

Date of Birth/Age :

08.10.1961

Qualification :

Graduate

Date of Appointment :

27.01.2005

DIN No.:

00289375

PAN No.:

ARUPS6748Q

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63090WB2002PTC094219	KWIK DEL LOGISTICS PRIVATE LIMITED	Director	13/02/2002	13/02/2002	-	Active	NO
2	U45201WB2003PTC097302	JKS INFRASTRUCTURE PRIVATE LIMITED	Director	24/11/2003	24/11/2003	-	Active	NO
3	U65923WB2004PLC099198	JKS FINANCE LIMITED	Director	21/07/2004	21/07/2004	-	Active	NO
4	U27102WB2004PTC121774	JKS STEEL AND POWER PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
5	U13100WB2004PTC119163	ABHIJEET NATURAL RESOURCES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	28/03/2008	Active	NO
6	U60210WB2005PLC101131	CCI LOGISTICS LIMTIED	Director	27/01/2005	27/01/2005	-	Active	NO
7	U65993WB1985PTC039893	PELICAN PROPERTIES PRIVATE LIMITED	Director	06/12/2005	06/12/2005	-	Active	NO
8	U51109WB2007PTC112512	JKS VYAPAAR PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
9	U51909WB2007PTC112500	JKS MERCHANTS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
10	U45203WB2007PTC112511	JKS LAND DEVELOPERS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
11	U45203WB2007PTC112497	JKS ENCLAVE PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
12	U45203WB2007PTC112501	JKS ABASAN PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
13	U65191WB2008PTC122609	JKS INDIA HOLDINGS PRIVATE LIMITED	Director	14/02/2008	14/02/2008	-	Active	NO
14	U74999WB2008PTC128508	GLOBAL LOGINFRA PRIVATE LIMITED	Director	13/08/2008	13/08/2008	-	Active	NO
15	U45400WB2008PTC128978	GLOBAL INFRATEL PRIVATE LIMITED	Director	01/09/2008	01/09/2008	-	Active	NO
16	U45202MH2008PTC188676	DYJ INFRASTRUCTURE PRIVATE LIMITED	Director	04/12/2008	04/12/2008	-	Active	NO
17	U45400WB2010PTC140651	SATNAM NIRMAN PRIVATE LIMITED	Director	05/01/2010	05/01/2010	-	Active	NO
18	U74140WB2010PTC144857	JKS INVESTMENT ADVISORY PRIVATE LIMITED	Director	06/04/2010	06/04/2010	-	Active	NO
19	U74140WB2010PTC144947	JKS INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	07/04/2010	07/04/2010	31/03/2012	Active	NO
20	U74999WB2004PTC098773	AMIGO COMMERCIAL PRIVATE LIMITED	Director	01/03/2013	01/03/2013	-	Active	NO

Name :

Mr. Suresh Kumar Attri

Designation :

Director

Address :

13B, P.K. Tagore Street, Kolkata – 700 006, West Bengal, India

Date of Birth/Age :

15.02.1964

Qualification :

Graduate

Date of Appointment :

27.01.2005

DIN No.:

00896241

PAN No.:

AFRPA4762R

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65923WB2004PLC099198	JKS FINANCE LIMITED	Director	21/07/2004	21/07/2004	09/07/2013	Active	NO
2	U60210WB2005PLC101131	CCI LOGISTICS LIMTIED	Director	27/01/2005	27/01/2005	-	Active	NO

Name :

Mr. Satish Kumar Sharma

Designation :

Director

Address :

188/1C, Maniktala Main Road, Maple Apartment, Kolkata – 700 054, West Bengal, India

Date of Birth/Age :

04.08.1968

Qualification :

Graduate

Date of Appointment :

14.01.2005

DIN No.:

01047666

PAN No.:

AVKPS3976J

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63090WB2002PTC094219	KWIK DEL LOGISTICS PRIVATE LIMITED	Director	13/02/2002	13/02/2002	-	Active	NO
2	U45201WB2003PTC097302	JKS INFRASTRUCTURE PRIVATE LIMITED	Director	24/11/2003	24/11/2003	-	Active	NO
3	U65923WB2004PLC099198	JKS FINANCE LIMITED	Director	21/07/2004	21/07/2004	-	Active	NO
4	U13100WB2004PTC119163	ABHIJEET NATURAL RESOURCES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	28/03/2008	Active	NO
5	U27102WB2004PTC121774	JKS STEEL AND POWER PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
6	U60210WB2005PLC101131	CCI LOGISTICS LIMTIED	Director	14/01/2005	14/01/2005	-	Active	NO
7	U45203WB2005PTC103751	SATNAM INFRASTRUCTURE PRIVATE LIMITED	Director	15/06/2005	15/06/2005	-	Active	NO
8	U65993WB1985PTC039893	PELICAN PROPERTIES PRIVATE LIMITED	Director	06/12/2005	06/12/2005	-	Active	NO
9	U51109WB2007PTC112512	JKS VYAPAAR PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
10	U51909WB2007PTC112500	JKS MERCHANTS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
11	U45203WB2007PTC112511	JKS LAND DEVELOPERS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
12	U45203WB2007PTC112497	JKS ENCLAVE PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
13	U45203WB2007PTC112501	JKS ABASAN PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
14	U65191WB2008PTC122609	JKS INDIA HOLDINGS PRIVATE LIMITED	Director	14/02/2008	14/02/2008	-	Active	NO
15	U74999WB2008PTC128508	GLOBAL LOGINFRA PRIVATE LIMITED	Director	13/08/2008	13/08/2008	-	Active	NO
16	U45400WB2008PTC128978	GLOBAL INFRATEL PRIVATE LIMITED	Director	01/09/2008	01/09/2008	-	Active	NO
17	U74140WB2010PTC144857	JKS INVESTMENT ADVISORY PRIVATE LIMITED	Director	06/04/2010	06/04/2010	-	Active	NO
18	U74140WB2010PTC144947	JKS INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	07/04/2010	07/04/2010	31/03/2012	Active	NO
19	U74999WB2004PTC098773	AMIGO COMMERCIAL PRIVATE LIMITED	Director	01/03/2013	01/03/2013	-	Active	NO

Name :

Mr. Bishambar Dayal Sharma

Designation :

Director

Address :

188/1C, Maniktala Main Road, Maple Apartment, Kolkata – 700 054, West Bengal, India

Date of Birth/Age :

02.08.1938

Qualification :

Graduate

Date of Appointment :

14.01.2005

DIN No.:

01828993

PAN No.:

AORPS9673J

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65923WB2004PLC099198	JKS FINANCE LIMITED	Director	21/07/2004	21/07/2004	-	Active	NO
2	U60210WB2005PLC101131	CCI LOGISTICS LIMTIED	Director	14/01/2005	14/01/2005	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2013

Names of Shareholders	No. of Shares
JKS Finance Limited, India	902875
JKS India Holdings Private Limited, India	300000
JKS Abasan Private Limited, India	354500
JKS Enclave Private Limited, India	110500
JKS Merchants Private Limited, India	216125
Fragrance Tie Up Private Limited, India	58900
Kalpana Conclave Private Limited, India	36250
Miracle Vincom Private Limited, India	44850
Poorva Commercial Private Limited, India	18900
Sainath Tie Up Private Limited, India	65475
Bishambar Dayal Sharma	11500
Naresh Kumar Sharma	11500
Satish Kumar Sharma	15000
Suresh Kumar Attri	12000
Total	2158375

AS ON 28.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	97.70
Directors or relatives of directors	2.30
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Logistics by all mode and Custom Clearance.

Products/ Services :

Item Code No. (ITC Code)	99672900
Product/ Service Description	Other Storage and Warehousing Services/ Other Supporting Transport Services
Item Code No. (ITC Code)	99651190
Product/ Service Description	Road Transport Agency

GENERAL INFORMATION

Customers :

· Alumina Limited

· BASF

· Bata

· Bengal Ambuja

· Cadbury

· Cipla

· Crompton Greaves

· Dell

· Dow

· DuPont

· Enercon

· Godrej

· Lupin

· Tata

· Sail

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, Axis House, Ground Floor, Corporate Banking Branch, P.B. Marg, Worli,, Mumbai – 400 025, Maharashtra, India

· HDFC Bank Limited

· IDBI Bank Limited

Facilities :

Secured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT-TERM BORROWINGS
Loans repayable on demand from Banks	6.652	0.000
Total	6.652	0.000

Banking Relations :	--
Financial Institutions :	Citi Corp Finance (India) Limited, 1, Ho Chi Minh Sarani, Metro Plaza, 7^th Floor, Kolkata – 700 071, West Bengal, India
Auditors :
Name :	Yash and Associates Chartered Accountants
Address :	309, B.B. Ganguly Street (Eastern Block), 1^st Floor, Room No.9, Kolkata – 700 012, West Bengal, India
PAN No.:	AAAFY8372R
Associates :	· Carrying Corporation of India, India · JKS Infrastructure Private Limited, India (CIN No.: U45201WB2003PTC097302) · Pelican Properties Private Limited, India (CIN No.: U65993WB1985PTC039893)

CAPITAL STRUCTURE

AS ON 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
8000000	Equity Shares	Rs.10/- each	Rs.80.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2158375	Equity Shares	Rs.10/- each	Rs.21.584 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	21.584	21.584	19.340
(b) Reserves & Surplus	676.768	648.620	353.636
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	17.500	50.925
Total Shareholders’ Funds (1) + (2)	698.352	687.704	423.901
(3) Non-Current Liabilities
(a) Long-term borrowings	5.000	5.000	0.221
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	5.000	5.000	0.221
(4) Current Liabilities
(a) Short term borrowings	34.898	0.000	0.000
(b) Trade payables	37.325	143.083	254.069
(c) Other current liabilities	100.076	102.118	27.111
(d) Short-term provisions	13.733	35.311	31.812
Total Current Liabilities (4)	186.032	280.512	312.992
TOTAL	889.384	973.216	737.114
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.126	12.774	13.609
(ii) Intangible Assets	0.000	0.000	0.000
(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	11.288	11.288	11.288
(c) Deferred tax assets (net)	0.259	0.240	0.202
(d) Long-term Loan and Advances	115.688	72.271	3.564
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	139.361	96.573	28.663
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	576.125	735.030	609.357
(d) Cash and cash equivalents	29.556	19.211	29.812
(e) Short-term loans and advances	144.342	122.402	69.282
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	750.023	876.643	708.451
TOTAL	889.384	973.216	737.114

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	1613.978	1940.309	1873.156
		Other Income	9.863	2.594	32.621
		TOTAL (A)	1623.841	1942.903	1905.777
Less	EXPENSES
		Employee benefit expense	36.687	38.676	1805.133
		Expenditure on production, transportation and other expenditure pertaining to E&P activities	62.879	47.432
		Other expenses	1422.171	1743.750
		Extraordinary items	41.098	0.000
		TOTAL (B)	1562.835	1829.858	1805.133
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		61.006	113.045	100.644
Less	FINANCIAL EXPENSES (D)		16.231	1.514	1.600
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		44.775	111.531	99.044
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.913	3.374	3.552
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		41.862	108.157	95.492
Less	TAX (H)		13.714	35.304	27.429
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		28.148	72.853	68.063
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		217.479	144.626	76.563
	BALANCE CARRIED TO THE B/S		NA	217.479	144.626
	Earnings / (Loss) Per Share (Rs.)
	- Basic		13.04	37.67	35.19
	- Diluted		13.04	7.06	7.01

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.73	3.75	3.57
Net Profit Margin (PBT/Sales)	(%)	2.59	5.57	5.10
Return on Total Assets (PBT/Total Assets}	(%)	4.77	11.25	13.16
Return on Investment (ROI) (PBT/Networth)		0.06	0.16	0.23
Debt Equity Ratio (Total Debt/Networth)		0.06	0.01	0.00
Current Ratio (Current Asset/Current Liability)		4.03	3.13	2.26

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	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	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	Yes

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10349283	27/03/2012	250,000,000.00	AXIS BANK LIMITED	AXIS HOUSE, GROUND FLOOR, CORPORATE BANKING BRANCH, P.B. MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA	B37447059

Unsecured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG-TERM BORROWINGS
Loans repayable on demand from others	5.000	5.000
SHORT-TERM BORROWINGS
Other Loans and Advances	28.246	0.000
Total	33.246	5.000

FIXED ASSETS:

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

WEBSITE DETAILS:

NEWS:

CCI LOGISTICS TO SET UP HUB IN THAILAND

MALAYSIA-BASED CCI Logistics is reportedly looking to establish a logistics hub in Thailand, in a bid to facilitate the development of logistics infrastructure in neighbouring Laos, Bernama reports.

Speaking to the Malaysian news wire, CCI director, Encik Zahrol Ahmad, said the company was opting for Thailand as opposed to Laos' other neighbour, Vietnam, due to higher labour and transportation costs from Haiphong Port.

Thailand also offers an attractive base for operations in Laos, due to its quality infrastructure and its good distribution centres, he said.

Mr. Zahrol added that setting up the hub would allow all shipments to Laos to go through Thailand first, where documentation checks would take place as well as cargo handling.

The proposal is still in its early stages as there is still much work to do, including gaining Laotian government approval, before the plan goes forward.

"I have to do some paperwork [to set up the hub] and we will wait for the Laotian companies to come back with some proposals on areas such as control of documentation, customs clearance and professional freight forwarding operations in Laos," Mr. Zahrol said.

If approved, CCI will join with a Laotian partner in handling all logistics documentation and provide entry to logistics services for companies both foreign and domestic wanting to transport cargo to Laos.

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 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.62.10
UK Pound	1	Rs.101.27
Euro	1	Rs.85.43

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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
DEFAULTERS
--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	--

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.