MIRA INFORM REPORT

Report Date :

25.07.2014

IDENTIFICATION DETAILS

Name :	OM LOGISTICS LIMITED
Registered Office :	130 Transport Centering Road, New Delhi – 110 035
Country :	India
Financials (as on) :	31.03.2013
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
PAN No.: [Permanent Account No.]	AAACO4716C
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 (62)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and sound profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loan Facilities = A+
Rating Explanation	Adequate degree of safety and low credit risk
Date	December 2013

Rating Agency Name	ICRA
Rating	Overdraft = A1+
Rating Explanation	Very strong degree of safety and lowest credit risk
Date	December 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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Amresh
Designation :	Company Secretary
Contact No.:	91-11-45970200
Date :	24.07.2014

LOCATIONS

Registered Office / Head Office :	130 Transport Centering Road, New Delhi – 110 035, India
Tel No.:	91-11-25970200 / 45970200 / 45970302
Fax No.:	91-11-28316533 / 28316534
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
Regional Offices :	Located At: · Gurgaon · Pune · Chennai · Bangalore · Ahmedabad

DIRECTORS

As on 27.09.2013

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

Qualification :

B.Com

Date of Appointment :

12.10.1999

PAN No.:

AATPS3309P

DIN No.:

00054339

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	U74899DL1991PTC044695	DIAL TRANSPORT PRIVATE LIMITED	Director	20/06/1991	20/06/1991	-	Active	NO
2	U74899DL1995PLC065171	OM AIR FREIGHT LIMITED	Director	07/02/1995	07/02/1995	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Managing director	12/10/1999	12/10/1999	-	Active	NO
4	U74899DL2000PLC106554	OMX CARGO LIMITED	Whole-time director	01/04/2007	30/06/2000	22/04/2009	Active	NO
5	U63013DL2004PLC124789	OM FOURWAYS CARGO LIMITED	Director	23/02/2004	23/02/2004	22/08/2009	Active	NO
6	U72900DL2004PLC131317	OMX INFO MANAGEMENT LIMITED	Director	16/12/2004	16/12/2004	-	Active	NO
7	U72200DL2006PTC146604	SHRI GANESH ITSOFT PRIVATE LIMITED	Director	01/12/2006	01/12/2006	-	Active	NO
8	U63000DL2006PTC150325	EXCEL SOFTECH PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
9	U45400DL2007PLC161591	OM INFRACONSTRUCTION LIMITED	Director	03/04/2007	03/04/2007	-	Active	NO
10	U63023DL2001PTC112366	OM TELECOM LOGISTICS PRIVATE LIMITED	Director	26/09/2007	01/06/2007	-	Active	NO
11	U72300DL2007PLC167631	OM TRAX PACKAGING SOLUTIONS LIMITED	Director	01/09/2007	01/09/2007	-	Active	NO
12	U63090DL2008PTC172298	OM MARUBENI LOGISTICS PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Under liquidation	NO
13	U29268DL2006PTC155098	Z.K. ENGINEERING PRIVATE LIMITED	Director	18/08/2008	12/02/2008	-	Active	NO
14	U63013DL2008PLC183525	OM TRANS LOGISTICS LIMITED.	Director	19/09/2008	19/09/2008	22/04/2009	Active	NO
15	U34300DL2008PTC184892	ZEM AUTO PARTS PRIVATE LIMITED	Director	14/11/2008	14/11/2008	-	Active	NO
16	U63030DL2009PTC188186	OM SEAWAYS CARGO PRIVATE LIMITED	Director	05/03/2009	05/03/2009	15/11/2010	Active	NO
17	U72200DL2006PTC146610	DIAL SOFTTECH PRIVATE LIMITED	Director	02/08/2010	09/02/2010	-	Active	NO
18	U29268DL2006PTC155095	Z&H ENGINEERING & TOOLS PRIVATE LIMITED	Director	06/08/2011	23/08/2010	-	Active	NO
19	U63040DL2001PTC111376	RAGHAV CABS PRIVATE LIMITED	Director	09/08/2011	20/09/2010	-	Active	NO
20	U45400DL2011PTC221024	A AND P BUILDINFRA PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
21	U21014DL1999PTC099344	YUGPAD PACKAGINGS PRIVATE LIMITED	Director	30/09/2013	19/09/2013	-	Active	NO
22	U45201DL1999PTC101772	VISHNU REALTORS PRIVATE LIMITED	Director	30/09/2013	19/09/2013	-	Active	NO
23	U74140DL2013PTC262541	Om Netstore Private limited	Director	20/12/2013	20/12/2013	-	Active	NO

Name :

Mr. Brij Bala Singhal

Designation :

Director

Address :

E -1156, Ashok Vihar Phase – I, Delhi – 110052, India

Date of Birth/Age :

09.01.1940

Date of Appointment :

12.10.1999

PAN No.:

AATPS1415Q

DIN No.:

00054736

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	U74899DL1991PTC044695	DIAL TRANSPORT PRIVATE LIMITED	Director	20/06/1991	20/06/1991	-	Active	NO
2	U74899DL1995PLC065171	OM AIR FREIGHT LIMITED	Director	07/02/1995	07/02/1995	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	12/10/1999	12/10/1999	-	Active	NO
4	U74899DL2000PLC106554	OMX CARGO LIMITED	Director	30/06/2000	30/06/2000	22/04/2009	Active	NO
5	U72200DL2006PTC146610	DIAL SOFTTECH PRIVATE LIMITED	Additional director	16/10/2012	21/02/2006	-	Active	NO
6	U63000DL2006PTC150325	EXCEL SOFTECH PRIVATE LIMITED	Director	27/06/2006	27/06/2006	16/07/2007	Active	NO
7	U29268DL2006PTC155098	Z.K. ENGINEERING PRIVATE LIMITED	Director	24/07/2010	09/02/2010	-	Active	NO
8	U34300DL2008PTC184892	ZEM AUTO PARTS PRIVATE LIMITED	Director	30/09/2010	24/02/2010	-	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

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/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	U51900MH1987PTC043719	NISCHAL ENTERPRISES PRIVATE LIMITED	Director	19/07/2004	19/07/2004	06/01/2010	Active	NO
2	U67120MH1996PTC101720	DYNAMIC ORBITS ADVISORY PRIVATE LIMITED	Director	19/07/2004	19/07/2004	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	29/09/2007	07/08/2007	-	Active	NO
4	U93010MH2007PTC234581	DIAMOND FABCARE PRIVATE LIMITED	Director	13/12/2007	13/12/2007	01/04/2011	Amalgamated	NO
5	L85200TG1993PLC046359	VISHNU CHEMICALS LIMITED	Director	31/10/2008	31/10/2008	28/09/2012	Active	NO
6	U74900DL2009PTC195767	KNOWLEDGEAGE ENVIRONMENTAL SERVICES PRIVATE LIMITED	Director	06/11/2009	06/11/2009	25/02/2010	Active	NO
7	U74140DL2010PTC206594	DYNAMIC ORBITS CONSULTANTS PRIVATE LIMITED	Director	03/08/2010	03/08/2010	-	Active	NO
8	U74999DL2011FTC219295	REACHLaw Environmental Dynamic Private Limited	Director	17/05/2011	17/05/2011	-	Active	NO
9	U74900DL2012PTC230821	Ideation Initiatives Private Limited	Director	01/02/2012	01/02/2012	-	Active	NO
10	L18101RJ1992PLC006952	MAYUR UNIQUOTERS LIMITED	Director	23/07/2012	26/04/2012	-	Active	NO
11	U74999DL2014PTC268628	VINEY AUTO EXPORTS PRIVATE LIMITED	Director	05/07/2014	05/07/2014	-	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/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	U29120MH1993FTC074935	DEUTZ ENGINES (INDIA) PRIVATE LIMITED	Director	20/09/2000	20/09/2000	-	Active	NO
2	U74140PN2004PTC019614	DEMAG COMTRADE SOLUTIONS PRIVATE LIMITED	Director	11/08/2004	11/08/2004	-	Active	NO
3	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Director	29/09/2008	31/07/2008	-	Active	NO
4	U74900PN2005PTC020380	TEJDEMAG COMSOLUTIONS & TRADING PRIVATE LIMITED	Director	15/09/2010	10/12/2009	-	Active	NO
5	U29100PN2011PTC141537	SAMPUTENSILI EQUIPMENT & TOOLS PRIVATE LIMITED	Director	05/12/2011	05/12/2011	-	Active	NO
6	U74900PN2012PTC145767	EdCET SOLUTIONS AND SERVICES PRIVATE LIMITED	Additional director	08/05/2013	08/05/2013	23/08/2013	Active	NO
7	U29253KA2011PTC058974	SAMP INDIA CABLE MACHINES PRIVATE LIMITED	Director	06/06/2013	05/06/2013	-	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/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	U63002DL1999PLC101942	OM LOGISTICS LIMITED	Nominee director	31/07/2008	31/07/2008	-	Active	NO
2	U72900KA2001PTC028392	ITTIAM SYSTEMS PRIVATE LIMITED	Director	09/10/2009	09/10/2009	-	Active	NO
3	U55101HR2009PTC039838	ASVI HOSPITALITY PRIVATE LIMITED	Director	17/12/2009	17/12/2009	29/06/2012	Strike off	NO

KEY EXECUTIVES

Name :	Mr. Pankaj Bansal
Designation :	Secretary
Address :	543, C and D Block, Shalimar Bagh, New Delhi- 110088, India
Date of Birth/Age :	23.10.1986
Date of Appointment :	13.11.2012
PAN No.:	ANBPB5660M

MAJOR SHAREHOLDERS

As on 27.09.2013

Names of Shareholders (Equity Shares)	No. of 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
Total	4971401

Names of Shareholders (Preferences Shares)	No. of Shares
Newquest Asia Investments Limited	2186775
Total	2186775

Equity Share Break up (Percentage of Total Equity)

As on 27.09.2013

Category	Percentage
Bodies corporate	49.72
Directors or relatives of Directors	47.34
Other top fifty shareholders	2.94
Total	100.00

BUSINESS DETAILS

Line of Business :

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

Products :

Products Description	ITC Code
Road Transport Service of freight by trucks	99651120

Terms :

Selling :

L/C and Credit

Purchasing :

L/C and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

800 (Approximately)

Bankers :

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

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

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

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Rupee term loans from banks	281.828	365.938
Rupee term loans from others	3.005	6.472
Short Term Borrowings
Working capital loans from banks	681.922	534.357
Total	966.755	906.767

Terms of repayment of term loans and other loans

Long term loans:

(i) Vehicle loans outstanding of Rs.83.554 Millions, long term- Rs.37.774 Millions (previous year - Rs.102.105 Millions, long term Rs.39.065 Millions) are secured against hypothecation of vehicle. The loan is repayable within a period of 3 years.

(ii) Term loan sanctioned from HDFC bank of Rs.379.630 Millions having an outstanding balance of Rs.348.338 Millions (previous year nil) (long term Rs.247.060 Millions) as on March 31, 2013 is repayable in 41 equal monthly instalments of Rs.11.104 Millions each starting from 7 December 2012. The loan is secured by way of equitable mortgage of specific immovable properties of the company situated at Gurgaon and Ahmedabad and the personal guarantee of managing director.

(iii) Term loans from State Bank of India amounting to Rs.9.034 Millions (previous year - Rs.27.191 Millions) , secured against specific properties of the company situated at Gurgaon along with collateral charge on some other specific properties and current assets of the company. The balance loan is repayable within a period of one years.

(iv) The above term loans of the company have been availed at varying interest rates ranging between 8.75% to 14.50%

Short term loans:

(i) Short term loans of Rs.661.526 Millions (previous year-Rs.494.467 Millions) is a cash credit facility being availed from State Bank of India secured against first charge of the current assets of the company along with collateral security of certain fixed assets situated at Gurgaon, Pune and Nasik.

(ii) Short term loans of Rs.20.395 Millions (previous year - nil) is an overdraft facility being availed from ICICI Bank secured against collateral security of a fixed assets situated at Bhiwandi.

(iii) (iii) The above short term loans of the company have been availed at varying interest rates ranging between 11.00% to 13.00%

Banking Relations :	--
Financial Institutions :	· Landt Infrastructure Finance Company Limited, Mount Poonamallee Road, Manapakkam, Chennai - 600089, Tamilnadu, India · Tata Capital Financial Services Limited
Auditors :
Name :	Walker Chandiok and Company Chartered Accountant
Address :	L-41, Connaught Circus, New Delhi – 1100001, India
Tel. No.:	91-124-4628000
Fax No.:	91-124-4628001
E-Mail :	gurgaon@wegt.in
PAN No.:	AAAFW4298E
Subsidiary Company :	· Om Telecom Logistics Private Limited CIN No.: U63023DL2001PTC112366 · Z.K. Engineering Private Limited CIN No.: U29268DL2006PTC155098 · Z and H Engineering and Tools Private Limited CIN No.: U29268DL2006PTC155095
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Om Trans Logistics Limited CIN No.: U63013DL2008PLC183525 · Om Trax Packaging Solutions Limited CIN No.: U72300DL2007PLC167631 · OMX Info Management Limited CIN No.: U72900DL2004PLC131317 · Dial Softtech Private Limited CIN No.: U72200DL2006PTC146610 · Excel Softech Private Limited CIN No.: U63000DL2006PTC150325 · Om Air Freight Limited CIN No.: U74899DL1995PLC065171
Joint Venture :	· Om Marubeni Logistics Private Limited CIN No.: U63090DL2008PTC172298as

CAPITAL STRUCTURE

As on 27.09.2013

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	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	268.392	268.392	268.392
(b) Reserves & Surplus	1,946.576	1,770.581	1,483.408
(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)	2,214.968	2,038.973	1,751.800
(3) Non-Current Liabilities
(a) long-term borrowings	284.833	372.410	497.881
(b) Deferred tax liabilities (Net)	55.207	46.413	40.605
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	19.111	14.743	11.180
Total Non-current Liabilities (3)	359.151	433.566	549.666
(4) Current Liabilities
(a) Short term borrowings	825.522	551.765	496.282
(b) Trade payables	182.443	160.812	137.867
(c) Other current liabilities	254.043	255.440	399.474
(d) Short-term provisions	23.067	17.476	200.000
Total Current Liabilities (4)	1,285.075	985.493	1,233.623
TOTAL	3,859.194	3,458.032	3,535.089
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1,622.925	1,334.383	1,267.997
(ii) Intangible Assets	0.000	0.000	0.063
(iii) Capital work-in-progress	89.579	125.821	45.419
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	399.263	394.663	448.916
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	76.102	95.888	74.554
(e) Other Non-current assets	18.414	17.294	12.543
Total Non-Current Assets	2,206.283	1,968.049	1,849.492
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	1,237.385	1,080.170	1,090.875
(d) Cash and cash equivalents	107.546	157.541	148.214
(e) Short-term loans and advances	68.253	73.822	312.670
(f) Other current assets	239.727	178.450	133.838
Total Current Assets	1,652.911	1,489.983	1,685.597
TOTAL	3,859.194	3,458.032	3,535.089

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	5,456.889	5,232.099	5000.653
		Other Income	7.848	37.600	42.08
		TOTAL (A)	5,464.737	5,269.699	5,042.733
Less	EXPENSES
		Employee Benefits Expenses	455.088	415.511	362.453
		Other Expenses	4,535.341	4,230.152	3939.867
		TOTAL (B)	4,990.429	4,645.663	4,302.320
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		474.308	624.036	740.413
Less	FINANCIAL EXPENSES (D)		132.435	141.895	80.641
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		341.873	482.141	659.772
Less	DEPRECIATION/ AMORTISATION (F)		82.057	68.279	52.91
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		259.816	413.862	606.862
Less	TAX (H)		83.821	126.689	199.972
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		175.995	287.173	406.890
	Earnings Per Share (Rs.)		35.40	57.77	81.85

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.22	5.45	8.07
Net Profit Margin (PBT/Sales)	(%)	4.76	7.91	12.14
Return on Total Assets (PBT/Total Assets}	(%)	7.71	14.09	19.96
Return on Investment (ROI) (PBT/Networth)		0.12	0.20	0.35
Debt Equity Ratio (Total Debt /Networth)		0.50	0.45	0.57
Current Ratio (Current Asset/Current Liability)		1.29	1.51	1.37

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	268.392	268.392	268.392
Reserves & Surplus	1483.408	1770.581	1946.576
Net worth	1751.800	2038.973	2214.968
long-term borrowings	497.881	372.410	284.833
Short term borrowings	496.282	551.765	825.522
Total borrowings	994.163	924.175	1110.355
Debt/Equity ratio	0.568	0.453	0.501

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	5,000.653	5,232.099	5,456.889
		4.628	4.296

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	5,000.653	5,232.099	5,456.889
Profit	406.890	287.173	175.995
	8.14%	5.49%	3.23%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	----------
22]	Litigations that the firm / promoter involved in	Yes
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

LITIGATION DETAILS:

IN THE HIGH COURT OF DELHI AT NEW DELHI

CS (OS) 1925/2010

NATIONAL INSURANCE COMPANY LIMITED and ANR..... Plaintiff

Through: Mr. Manoj Sinha, Advocate

versus

OM LOGISTICS LIMITED..... Defendant

Through: Mr. Bishwajeet Kr., Advocate

CORAM:

DR. NEERA BHARIHOKE (DHJS), JOINT REGISTRAR

ORDER

15.04.2014

today the matter is fixed for fixing the dates of trial.

List of witnesses be filed by both the sides within four weeks from   today. Chief affidavit of the plaintiff witnesses be filed within   eight weeks from today.

Relist for plaintiff?s evidence on 19.09.2014.

DR. NEERA BHARIHOKE (DHJS)

JOINT REGISTRAR

APRIL 15, 2014

hk

$ 12

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans and advances from related parties	143.600	17.408
Total	143.600	17.408

Notes:

(i) Short term loans of Rs.113.152 Millions (previous year - Rs.17.408 Millions was obtained from the related parties at the interest rate of 12%.

(ii) Short term loans of Rs.30.448 Millions (previous year - nil) was obtained from the other parties at the interest rate of 12%.

BACKGROUND AND NATURE OF OPERATIONS:

The Company was incorporated in October 1999. The Company provides Logistics Support and Solutions, including transportation, warehousing and logistics support to Indian and Multinational companies in India. The Company is a multi-model logistics company with single window integrated logistics services for all the elements of the supply chain management. The Company owns a dedicated fleet of vehicles for local distribution, in addition to the logistics mix of rail and road. The Company also provides transport of cargo by air.

REVIEW OF OPERATIONS

During the year, the total income of the Company has increased by 3.75% from Rs.5266.954 Millions to Rs.5464.737 Millions on a standalone basis.

Total expenditure has increased by 7.25 % from Rs.4853.092 Millions to Rs.5204.921 Millions. During the period under review Cost of services has increased significantly on account of rise in Fuel prices and other Operating expenses from Rs.386.889 Millions to Rs.4153.118 Millions indicating a rise of 7.35% as against rise of 4.34% in Sales Volume. Finance Cost of the Company has came down from Rs.150.633 Millions to Rs.138.279 Millions on account of efficient fund management and decline in cost of funds.

Profit before Tax (PBT) has decreased from Rs.413.800 Millions in F.Y. 2012 to Rs.259.800 crores in F.Y. 2013 showing a decrease of approx. 37.22 %. The Company has earned a Profit after tax of Rs.175.900 Millions compared to Rs.287.100 Millions in the previous year on a standalone basis.

During the Period there has been steep rise in Fuel Charges and Cost of Services, the company could not pass on the burden of price rise and fuel charges in the same proportion to its customers, this factor accounts for decline in Profits of the Company for Fy 2012-13. In Fact there has been a rise in Sales volume of the Company from Rs.5229.354 Millions to Rs.5456.889 Millions indicating a rise of 4.35%.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10490469	10/03/2014 *	400,000,000.00	Tata Capital Financial Services Limited	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	C04030573
2	10419773	30/03/2013	420,000,000.00	HDFC Bank Limited	HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B73209694
3	10371385	28/12/2013 *	120,000,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	B93900983
4	10113033	04/10/2013 *	927,500,000.00	State Bank of India	Industrial Finance Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, Stc Building, 14th Floor, New Delhi, Delhi - 110001, India	B88317714

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.60.00
UK Pound	1	Rs.102.19
Euro	1	Rs.80.68

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	KAR
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
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	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		62

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.