MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ON–DOT COURIERS AND CARGO LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Information denied by the management.

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Courier Service.

 

 

OPERATIONS:

 

In rapidly changing global scenario wherein business has become very competitive and high specialized. The board of directors are taking all necessary steps to make the company grow and to take next higher level. This will require the cooperation of every stakeholders to be with the company. The company has taken various decisions to cope up with the challenges of the courier industry. The company intends to induct multi-disciplinary and multi-talented leadership further which will assist to company to grow fast top level task force which will assist the company to grow fast.  

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by the management.

 

 

Bankers :

Oriental Bank of Commerce, 7, Mahila Colony, Gandhi Nagar, Delhi - 110031, Delhi, India

 

 

Facilities :

Secured Loan

As on 31.03.2013

[Rs. in Millions]

As on 31.03.2012

[Rs. in Millions]

Long Term Borrowings

 

 

Term Loans

 

 

From Bank

2.541

2.603

Loans From Directors [Amit Madan]

18.568

12.573

 

 

 

Short Term Borrowings

 

 

Loans Repayable on Demand

 

 

From Bank

0.000

6.057

Logistics Private Limited

9.990

0.000

Basic Port Folio Management Private Limited

2.893

2.601

TOTAL

33.992

23.834

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

DSM and Associates

Chartered Accountant

Address :

210, Jagdamba Tower, 13, Preet Vihar Commercial Complex, Delhi-110092, India

Tel. No.:

91-11-42421120/ 64512900

Fax No.:

91-11-42421121

PAN No.:

AAAFM5257F

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Amit Madan

 

434733

Amit Madan (HUF)

 

10100

Anjali Mandan

 

191568

Icon Battery Products (Private) Limited

 

21000

Lokesh Anand

 

24000

Sangeeta Anand

 

24000

Suhani Anand

 

24000

Capfin India Limited

 

109565

Ram Kishan Madan

 

11034

 

 

 

TOTAL

 

850000

 

 

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

8.500

8.500

8.500

(b) Reserves & Surplus

38.243

38.607

85.102

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

21.500

0.000

0.000

Total Shareholders’ Funds (1) + (2)

68.243

47.107

93.602

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

21.109

15.175

27.906

(b) Deferred tax liabilities (Net)

5.216

4.871

4.606

(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)

26.325

20.046

32.512

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

12.883

8.659

5.689

(b) Trade payables

59.010

59.211

51.384

(c) Other current liabilities

60.127

49.960

33.210

(d) Short-term provisions

0.000

0.000

2.717

Total Current Liabilities (4)

132.020

117.830

93.000

 

 

 

 

TOTAL

226.588

184.983

219.114

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

51.994

51.919

37.980

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

51.994

51.919

37.980

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

111.730

106.969

154.861

(d) Cash and cash equivalents

16.041

4.987

2.259

(e) Short-term loans and advances

10.044

6.907

6.591

(f) Other current assets

36.779

14.201

17.423

Total Current Assets

174.594

133.064

181.134

 

 

 

 

TOTAL

226.588

184.983

219.114

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

256.361

318.535

389.757

 

 

Other Income

24.380

25.581

33.848

 

 

TOTAL                                     (A)

280.741

344.116

423.605

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Service Charged

180.836

232.549

293.889

 

 

Non recovery of advance from employee

0.562

0.000

0.000

 

 

Exceptional items

0.426

0.000

0.000

 

 

Employee Benefit Expenses

38.147

42.342

42.775

 

 

Other Administrative Expenses

51.853

113.880

76.638

 

 

TOTAL                                     (B)

271.824

388.771

413.302

 

 

 

 

 

Less

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

8.917

(44.655)

10.303

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

3.726

0.833

1.871

 

 

 

 

 

 

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

5.191

(45.488)

8.432

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

5.211

4.101

4.854

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                (G)

(0.020)

(49.589)

3.578

 

 

 

 

 

Less

TAX                                                                  (H)

0.344

0.266

2.999

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

(0.364)

(49.855)

0.579

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(0.43)

(58.65)

0.68

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

8/42, Kirti Nagar, Industrial Area, New Delhi-110015, India

Tel. No.:

91-11-45005888/ 45005823/ 39

Fax No.:

91-11-33588899

E-Mail :

dsm.roc@gmail.com

rj09.roc@gmail.com

Website :

http://www.ondot.info

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.