MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

EXSCHAIN LOGISTICS INDIA PRIVATE LIMITED

 

 

Formerly Known As :

EXSCHAIN LOGISTICS MANAGEMENT PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

35 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Logistic business, freight forwarders, consolidators and clearing and forwarding agents.

 

 

GENERAL INFORMATION

 

No. of Employees :

35 (Approximately)

 

 

Bankers :

·         ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India

·         HDFC Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Term Loans

13.587

6.930

Less : Current maturities of long term debts

(1.764)

(0.804)

 

 

 

Total

11.823

6.126

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Chandan Chakrawarti and Associates

Chartered Accountants

Address :

C 916, Second Floor, Sector 7, Drwarka, New Delhi – 110075, India

Tel. No.:

91-11-65481816

E-Mail :

info@ccsa.in

Website :

www.ccas.in

PAN No.:

AGTPC2679N

 

 

Subsidiary Company :

Exschain Logistics Hong Kong Limited (Wholly Owned Subsidiary)

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 28.09.2013

 

Names of Shareholders

 

No. of Shares

Amit Singh Kaushik

50000

Rajesh Kumar Singh

50000

 

 

Total

100000

 


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

1.000

1.000

1.000

(b) Reserves & Surplus

19.192

12.231

5.285

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

20.192

13.231

6.285

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11.823

6.126

1.243

(b) Deferred tax liabilities (Net)

0.365

0.330

0.114

(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)

12.188

6.456

1.357

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

57.906

36.724

42.674

(c) Other current liabilities

14.146

12.190

2.422

(d) Short-term provisions

0.000

0.000

3.126

Total Current Liabilities (4)

72.052

48.914

48.222

 

 

 

 

TOTAL

104.432

68.601

55.864

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.376

11.056

1.923

(ii) Intangible Assets

2.124

1.642

0.685

(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

0.351

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

8.669

7.749

0.000

(e) Other Non-current assets

0.007

0.010

0.000

Total Non-Current Assets

29.527

20.457

2.608

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

67.632

38.541

0.000

(c) Trade receivables

6.193

0.000

45.547

(d) Cash and cash equivalents

1.080

8.179

2.809

(e) Short-term loans and advances

0.000

1.424

4.888

(f) Other current assets

0.000

0.000

0.012

Total Current Assets

74.905

48.144

53.256

 

 

 

 

TOTAL

104.432

68.601

55.864

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

319.889

230.020

224.700

 

 

Other Income

1.502

1.133

3.664

 

 

TOTAL                                     (A)

321.391

231.153

228.364

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of services

281.705

203.130

212.889

 

 

Employee Benefit Expenses

10.439

7.388

3.993

 

 

Other Expenses

15.262

8.271

4.196

 

 

TOTAL                                     (B)

307.406

218.789

221.078

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

13.985

12.364

7.286

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

1.098

0.656

0.178

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

12.887

11.708

7.108

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

2.803

1.648

0.725

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

10.084

10.060

6.383

 

 

 

 

 

Less

TAX                                                                  (H)

3.123

3.113

1.973

 

 

 

 

 

 

PROFIT AFTER TAX

6.961

6.947

4.410

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

0.000

0.000

0.983

 

 

 

 

 

 

Earnings Per Share (Rs.)

69.61

69.47

44.10

 

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

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

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office/ Corporate Office :

C – 348, First Floor, Palam Extn., Sector No. 7, New Delhi – 110077, India

Tel. No.:

91-11-42550000 (100 Lines) / 25089763

Fax No.:

91-11-42550099

E-Mail :

info@exchain.com

chandan.ca83@gmail.com

amit.singh@exschain.com

surya.singh@exschain.com

sandeep.choudhary@exschain.com

riptinder.singh@exschain.com

rajesh.singh@exschain.com

jitender.sharma@exschain.com

shyam.lal@exschain.com

shailesh.singh@exschain.com

Website :

www.exschain.com

 

 

Branch Office :

Located At:

 

·         Chennai

No.13, 1st Floor, Armemium Street, Manaddy, Chennai – 600001, Tamilnadu, India

Tel. No.: 91-44-30136663

Fax No.: 91-44-30136664

E-Mail : chennai@exschain.com

 

·         Mumbai

Email : mumbai@exschain.com

 

·         Kolkata

Email : kolkata@exschain.com

 

·         Bangalore

Email : banglore@exschain.com

 

·         Hyderabad

Email : hyderabad@exschain.com

 

·         Ahmedabad

Email : ahmedabad@exschain.com

 

 

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.