MIRA INFORM REPORT

Report Date :

16.06.2014

IDENTIFICATION DETAILS

Name :	ARYA OFFSHORE SERVICES PRIVATE LIMITED

Registered Office :	Godrej Coliseum, Office No.801,C-Wing,Behind, Everard Nagar,Off Somaiya Hospital Road, Sion East, Mumbai – 400022, Maharashtra

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	09.06.1976

Com. Reg. No.:	11-019065

Capital Investment / Paid-up Capital :	Rs. 17.000 Millions

CIN No.: [Company Identification No.]	U61100MH1976PTC019065

Legal Form :	Private Limited Liability Company

Line of Business :	Providing Specialized Logistics, Agency and Support Services to the Oil and Gas Industry, Offshore Projects and Related Sectors.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (34)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 3420000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operation during 2013. However, Trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.

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

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

INDIAN ECONOMIC OVERVIEW

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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.

INFORMATION DENIED BY

Name :	Mrs. Matilada
Designation :	Accountant
Contact No.:	91-022-3346-6666
Date :	12.06.2014

LOCATIONS

Registered Office :	Godrej Coliseum, Office No.801,C-Wing,Behind, Everard Nagar,Off Somaiya Hospital Road, Sion East, Mumbai – 400022, Maharashtra, India
Tel. No.:	91-22-24045425
Fax No.:	Not Availabe
E-Mail :	sbgupta@aryaoffshore.com

Branch Office :	414, Senapati Bapat Marg L, Mumbai – 400013, Maharashtra, India

DIRECTORS

As on: 25.09.2013

Name :

Mr. Krishna Bhagwan Kotak

Designation :

Director

Address :

Kalpana 96B, Netaji Subhash Road, Mumbai – 400002, Maharashtra, India

Date of Birth/Age :

24.03.1961

Date of Appointment :

24.06.1983

DIN No.:

00010788

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	U36911MH1981PTC025210	BRINK'S INDIA PRIVATE LIMITED	Director	02/09/2009	14/09/1981	28/08/2013	Active	NO
2	U45400MH1975PTC018424	ICT INFRASTRUCTURE PRIVATE LIMITED	Director	24/06/1983	24/06/1983	-	Active	NO
3	U63090MH1971PTC015089	"K" STEAMSHIP AGENCIES PRIVATE LIMITED	Director	24/06/1983	24/06/1983	-	Active	NO
4	U11101MH1976PTC019066	VARUNA OFFSHORE DRILLING SERVICES PRIVATE LIMITED	Director	24/06/1983	24/06/1983	-	Active	NO
5	U61100MH1976PTC019065	ARYA OFFSHORE SERVICES PRIVATE LIMITED	Director	24/06/1983	24/06/1983	-	Active	NO
6	U61100MH1973PTC017049	YASHICA SHIPPING AGENCIES PRIVATE LIMITED	Director	24/06/1983	24/06/1983	18/07/2012	Active	NO
7	U61100MH1973PTC016885	WESTERN STAR LINE PRIVATE LIMITED	Director	24/06/1983	24/06/1983	18/07/2012	Active	NO
8	U61100MH1976PTC019389	SAGAR OFFSHORE SHIPPING SERVICES PRIVATE LIMITED	Director	24/06/1983	24/06/1983	18/07/2012	Active	NO
9	U61100MH1976PTC019037	SAGAR OFFSHORE DRILLING COMPANY PRIVATE LIMITED	Director	24/06/1983	24/06/1983	18/07/2012	Active	NO
10	U11201MH1976PTC019028	BUNGA EXPRESS SHIPPING AGENCY PRIVATE LIMITED	Director	24/06/1983	24/06/1983	18/07/2012	Active	NO
11	U63090MH1947PTC251291	UNITED LINER AGENCIES OF INDIA PVT LTD	Whole-time director	24/06/1983	24/06/1983	-	Active	NO
12	U67190MH1982PTC028029	ARYA FINANCIAL AND INVESTMENT CONSULTANCY SERVICES PVT LTD	Director	23/01/1984	23/01/1984	-	Active	NO
13	U51900MH1982PTC028031	ARYA TRADING AND SERVICES PVT LTD	Director	23/01/1984	23/01/1984	18/07/2012	Active	NO
14	U51102MH1982PTC028030	ARYA COLLATERAL WAREHOUSING SERVICES PRIVATE LIMITED	Director	23/01/1984	23/01/1984	30/01/2013	Active	NO
15	U63030MH1976PTC019140	JET-AIU SKYLINE TRANSPORT PRIVATE LIMITED	Director	02/02/1984	02/02/1984	18/07/2012	Active	NO
16	U63030MH1976PTC018957	CARDINAL AIR TRANSPORT COMPANY PRIVATE LIMITED	Director	02/02/1984	02/02/1984	18/07/2012	Active	NO
17	U65990MH1983PTC029784	ARYA OILFIELD SERVICES PRIVATE LIMITED	Director	16/04/1984	16/04/1984	18/07/2012	Active	NO
18	U63040MH1961PLC012067	TRAVEL CORPORATION (INDIA) LIMITED	Director	23/07/1985	23/07/1985	28/12/2006	Active	NO
19	U63000MH1986PTC040619	ARYADOOT TRANSPORT PVT LTD	Director	13/08/1986	13/08/1986	-	Active	NO
20	U60100MH1986PTC041590	LIFTSHIFT TRANSPORT COMPANY (BOMBAY) PVT LTD	Director	17/11/1986	17/11/1986	-	Active	NO
21	U45200MH1975PTC018297	POLYMARBLE MANUFACTURING COMPANY PRIVATE LIMITED	Director	01/01/1988	01/01/1988	18/07/2012	Active	NO
22	U74140MH1988PTC046320	ARYA COMMUNICATIONS AND ELECTRONICS SERVICES PRIVATE LIMITED	Director	24/02/1988	24/02/1988	-	Active	NO
23	U63090MH1988PTC048466	TAI-PAN SHIPPING PRIVATE LIMITED	Director	11/08/1988	11/08/1988	18/07/2012	Active	NO
24	U63090MH1989PTC051897	CONTAINER MOVEMENT (BOMBAY) TRANSPORT PRIVATE LIMITED	Director	25/05/1989	25/05/1989	-	Active	NO
25	U45200MH1989PTC051952	TAI-PAN CONSTRUCTIONS PRIVATE LIMITED	Director	30/05/1989	30/05/1989	-	Active	NO
26	U74140MH1989PTC051951	TEJASVI PROJECT MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/05/1989	30/05/1989	18/07/2012	Active	NO
27	U74140MH1989PTC051950	SAGAR MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/05/1989	30/05/1989	18/07/2012	Active	NO
28	U55100MH1989PTC052614	ATITHI HOTELS PRIVATE LIMITED	Director	17/07/1989	17/07/1989	18/07/2012	Active	NO
29	U63000MH1989PTC053265	TAI-PAN TRANSPORT PVT LTD	Director	30/08/1989	30/08/1989	18/07/2012	Active	NO
30	U61100MH1993PTC071596	GERMAN EXPRESS SHIPPING AGENCY (INDIA) PVT LTD	Director	15/04/1993	15/04/1993	18/07/2012	Active	NO
31	U63090MH1993PTC072048	JAYAMB INTERNATIONAL AGENCIES PVT LTD	Director	19/05/1993	19/05/1993	-	Active	NO
32	U60300MH1994PTC078915	SOTRA TRANSPORT (INDIA) PVT LTD	Director	13/06/1994	13/06/1994	-	Strike off	NO
33	U63090MH1985PTC037173	CONTFREIGHT SHIPPING AGENCY (INDIA) PVT LTD	Director	01/04/1996	01/04/1996	-	Active	NO
34	U51102MH1997PTC106182	STOLTHAVEN PIPAVAV PRIVATE LIMITED.	Director	18/07/2012	27/05/1997	-	Active	NO
35	U35117GJ1990PTC013685	SIDDHI SHIPPING PVT LTD	Director	01/11/1999	01/11/1999	-	Strike off	NO
36	U63090KL1958PTC001802	SORABJI AND CO PVT LTD	Director	06/08/2001	06/08/2001	-	Active	NO
37	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Director	11/04/2002	11/04/2002	-	Active	NO
38	U63040MH1977PTC019430	VARUNA OFFSHORE TRANSPORT SERVICES PRIVATE LIMITED	Director	26/04/2002	26/04/2002	18/07/2012	Active	NO
39	U74999MH1953NPL009103	THE BOMBAY STEVEDORES' ASSOCIATION LIMITED	Director	12/09/2002	12/09/2002	-	Active	NO
40	U67190MH1976PTC019319	V. B. FINANCIAL CONSULTANTS PRIVATE LIMITED	Director	16/09/2002	16/09/2002	18/07/2012	Active	NO
41	U17110MH1936PTC002575	UNI TEX PRODUCTS PRIVATE LIMITED	Director	19/09/2002	19/09/2002	18/07/2012	Active	NO
42	U51909WB1977PTC031291	L D TRADING (INDIA) PVT LTD	Director	04/11/2003	04/11/2003	-	Active	NO
43	U35201MH1990GOI223738	KONKAN RAILWAY CORPORATION LIMITED	Director	17/01/2005	17/01/2005	16/01/2008	Active	NO
44	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Nominee director	09/12/2005	09/12/2005	-	Active	NO
45	U63040MH2006PTC159885	BOXTRANS LOGISTICS (INDIA) SERVICES PVT LTD	Director	20/02/2006	20/02/2006	-	Active	NO
46	U74999MH2007PTC168625	DIABOS PRIVATE LIMITED	Director	12/03/2007	12/03/2007	-	Active	NO
47	U74900MH2008PTC189715	'K' LINE (INDIA) PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
48	U28112MH2009PTC190491	NAVITAS ENGINEERING PRIVATE LIMITED	Director	21/02/2009	21/02/2009	-	Active	NO
49	U74900MH2009PTC193788	Armapro Security Services Private Limited	Additional director	25/08/2009	25/08/2009	16/10/2013	Active	NO
50	U74999MH2011PTC219222	BOXCO LOGISTICS INDIA PRIVATE LIMITED	Director	28/06/2011	28/06/2011	-	Active	NO
51	U74999MH1992GAP066130	THE COUNCIL OF EU CHAMBERS OF COMMERCE IN INDIA	Director	29/07/2011	29/07/2011	-	Active	NO
52	U74120MH2011PTC220958	BOXCO SHIPPING SERVICES PRIVATE LIMITED	Director	16/08/2011	16/08/2011	-	Active	NO
53	U15122MH2013PTC241504	BLiq Trading Private Limited	Director	29/03/2013	29/03/2013	-	Active	NO
54	U60200MH2013PTC248394	Boxcold Logistics Private Limited	Director	21/09/2013	21/09/2013	-	Active	NO
55	U60231MH2013PTC251161	Bharat K Logistics Private Limited	Director	18/12/2013	18/12/2013	-	Active	NO
56	AAC-1451	UNITED LINER SHIPPING SERVICES LLP	Designated Partner	05/03/2014	05/03/2014	-	Active	NO

Name :

Mr. Dhruv Krishna Kotak

Designation :

Director

Address :

Kalpana 96B, Netaji Subhash Road, Mumbai – 400002, Maharashtra, India

Date of Birth/Age :

04.04.1983

Date of Appointment :

18.07.2012

DIN No.:

00013988

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	U17110MH1936PTC002575	UNI TEX PRODUCTS PRIVATE LIMITED	Director	19/02/2002	19/02/2002	18/07/2012	Active	NO
2	U67190MH1976PTC019319	V. B. FINANCIAL CONSULTANTS PRIVATE LIMITED	Director	16/09/2002	16/09/2002	18/07/2012	Active	NO
3	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Director	30/09/2006	17/08/2006	-	Active	NO
4	U51909WB1977PTC031291	L D TRADING (INDIA) PVT LTD	Director	27/10/2006	27/10/2006	-	Active	NO
5	U74999MH2007PTC168625	DIABOS PRIVATE LIMITED	Director	12/03/2007	12/03/2007	-	Active	NO
6	U28112MH2009PTC190491	NAVITAS ENGINEERING PRIVATE LIMITED	Director	21/02/2009	21/02/2009	-	Active	NO
7	U74900MH2008PTC189715	'K' LINE (INDIA) PRIVATE LIMITED	Director	25/09/2009	12/03/2009	-	Active	NO
8	U74999MH2011PTC219222	BOXCO LOGISTICS INDIA PRIVATE LIMITED	Director	28/06/2011	28/06/2011	-	Active	NO
9	U74120MH2011PTC220958	BOXCO SHIPPING SERVICES PRIVATE LIMITED	Director	16/08/2011	16/08/2011	-	Active	NO
10	U51102MH1982PTC028030	ARYA COLLATERAL WAREHOUSING SERVICES PRIVATE LIMITED	Director	22/09/2012	18/07/2012	14/01/2013	Active	NO
11	U63090KL1958PTC001802	SORABJI AND CO PVT LTD	Director	27/09/2012	18/07/2012	-	Active	NO
12	U63090MH1947PTC251291	UNITED LINER AGENCIES OF INDIA PVT LTD	Director	28/09/2012	18/07/2012	-	Active	NO
13	U45200MH1989PTC051952	TAI-PAN CONSTRUCTIONS PRIVATE LIMITED	Director	24/09/2012	18/07/2012	-	Active	NO
14	U11101MH1976PTC019066	VARUNA OFFSHORE DRILLING SERVICES PRIVATE LIMITED	Director	24/09/2012	18/07/2012	-	Active	NO
15	U67190MH1982PTC028029	ARYA FINANCIAL AND INVESTMENT CONSULTANCY SERVICES PVT LTD	Director	22/09/2012	18/07/2012	-	Active	NO
16	U63040MH2006PTC159885	BOXTRANS LOGISTICS (INDIA) SERVICES PVT LTD	Director	28/09/2012	18/07/2012	-	Active	NO
17	U61100MH1976PTC019065	ARYA OFFSHORE SERVICES PRIVATE LIMITED	Director	28/09/2012	18/07/2012	-	Active	NO
18	U63000MH1986PTC040619	ARYADOOT TRANSPORT PVT LTD	Director	27/09/2012	18/07/2012	-	Active	NO
19	U74140MH1988PTC046320	ARYA COMMUNICATIONS AND ELECTRONICS SERVICES PRIVATE LIMITED	Director	27/09/2012	18/07/2012	-	Active	NO
20	U63090MH1985PTC037173	CONTFREIGHT SHIPPING AGENCY (INDIA) PVT LTD	Director	26/09/2012	18/07/2012	-	Active	NO
21	U63090MH1989PTC051897	CONTAINER MOVEMENT (BOMBAY) TRANSPORT PRIVATE LIMITED	Director	26/09/2012	18/07/2012	-	Active	NO
22	U63090MH1993PTC072048	JAYAMB INTERNATIONAL AGENCIES PVT LTD	Director	25/09/2012	18/07/2012	-	Active	NO
23	U45400MH1975PTC018424	ICT INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2012	18/07/2012	-	Active	NO
24	U63090MH1971PTC015089	"K" STEAMSHIP AGENCIES PRIVATE LIMITED	Director	28/09/2012	18/07/2012	-	Active	NO
25	U60100MH1986PTC041590	LIFTSHIFT TRANSPORT COMPANY (BOMBAY) PVT LTD	Director	24/09/2012	18/07/2012	-	Active	NO
26	U15122MH2013PTC241504	BLiq Trading Private Limited	Director	29/03/2013	29/03/2013	-	Active	NO
27	U60200MH2013PTC248394	Boxcold Logistics Private Limited	Director	21/09/2013	21/09/2013	-	Active	NO
28	U60231MH2013PTC251161	Bharat K Logistics Private Limited	Director	18/12/2013	18/12/2013	-	Active	NO
29	AAC-1451	UNITED LINER SHIPPING SERVICES LLP	Body corporate as Designated Partner	05/03/2014	05/03/2014	-	Active	NO

Name :

Mr. Vir Krishana Kotak

Designation :

Director

Address :

Kalpana 96B, Netaji Subhash Road, Mumbai – 400002, Maharashtra, India

Date of Birth/Age :

16.06.1985

Date of Appointment :

18.07.2012

DIN No.:

00667012

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	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Director	30/09/2006	17/08/2006	-	Active	NO
2	U74999MH2011PTC219222	BOXCO LOGISTICS INDIA PRIVATE LIMITED	Director	28/06/2011	28/06/2011	-	Active	NO
3	U74120MH2011PTC220958	BOXCO SHIPPING SERVICES PRIVATE LIMITED	Director	16/08/2011	16/08/2011	-	Active	NO
4	U51102MH1982PTC028030	ARYA COLLATERAL WAREHOUSING SERVICES PRIVATE LIMITED	Director	22/09/2012	18/07/2012	14/01/2013	Active	NO
5	U63090KL1958PTC001802	SORABJI AND CO PVT LTD	Director	27/09/2012	18/07/2012	-	Active	NO
6	U63090MH1947PTC251291	UNITED LINER AGENCIES OF INDIA PVT LTD	Director	28/09/2012	18/07/2012	-	Active	NO
7	U45200MH1989PTC051952	TAI-PAN CONSTRUCTIONS PRIVATE LIMITED	Director	24/09/2012	18/07/2012	-	Active	NO
8	U11101MH1976PTC019066	VARUNA OFFSHORE DRILLING SERVICES PRIVATE LIMITED	Director	24/09/2012	18/07/2012	-	Active	NO
9	U67190MH1982PTC028029	ARYA FINANCIAL AND INVESTMENT CONSULTANCY SERVICES PVT LTD	Director	22/09/2012	18/07/2012	-	Active	NO
10	U63040MH2006PTC159885	BOXTRANS LOGISTICS (INDIA) SERVICES PVT LTD	Director	28/09/2012	18/07/2012	-	Active	NO
11	U61100MH1976PTC019065	ARYA OFFSHORE SERVICES PRIVATE LIMITED	Director	28/09/2012	18/07/2012	-	Active	NO
12	U63000MH1986PTC040619	ARYADOOT TRANSPORT PVT LTD	Director	27/09/2012	18/07/2012	-	Active	NO
13	U74140MH1988PTC046320	ARYA COMMUNICATIONS AND ELECTRONICS SERVICES PRIVATE LIMITED	Director	27/09/2012	18/07/2012	-	Active	NO
14	U63090MH1985PTC037173	CONTFREIGHT SHIPPING AGENCY (INDIA) PVT LTD	Director	26/09/2012	18/07/2012	-	Active	NO
15	U63090MH1989PTC051897	CONTAINER MOVEMENT (BOMBAY) TRANSPORT PRIVATE LIMITED	Director	26/09/2012	18/07/2012	-	Active	NO
16	U51909WB1977PTC031291	L D TRADING (INDIA) PVT LTD	Director	03/09/2012	18/07/2012	-	Active	NO
17	U74999MH2007PTC168625	DIABOS PRIVATE LIMITED	Director	26/09/2012	18/07/2012	-	Active	NO
18	U28112MH2009PTC190491	NAVITAS ENGINEERING PRIVATE LIMITED	Director	25/09/2012	18/07/2012	-	Active	NO
19	U63090MH1993PTC072048	JAYAMB INTERNATIONAL AGENCIES PVT LTD	Director	25/09/2012	18/07/2012	-	Active	NO
20	U45400MH1975PTC018424	ICT INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2012	18/07/2012	-	Active	NO
21	U63090MH1971PTC015089	"K" STEAMSHIP AGENCIES PRIVATE LIMITED	Director	28/09/2012	18/07/2012	-	Active	NO
22	U60100MH1986PTC041590	LIFTSHIFT TRANSPORT COMPANY (BOMBAY) PVT LTD	Director	24/09/2012	18/07/2012	-	Active	NO
23	U74900MH2008PTC189715	'K' LINE (INDIA) PRIVATE LIMITED	Director	26/09/2012	03/08/2012	-	Active	NO
24	U15122MH2013PTC241504	BLiq Trading Private Limited	Director	29/03/2013	29/03/2013	-	Active	NO
25	U60200MH2013PTC248394	Boxcold Logistics Private Limited	Director	21/09/2013	21/09/2013	-	Active	NO
26	U60231MH2013PTC251161	Bharat K Logistics Private Limited	Director	18/12/2013	18/12/2013	-	Active	NO
27	AAC-1451	UNITED LINER SHIPPING SERVICES LLP	Body corporate as Designated Partner	05/03/2014	05/03/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Matilada
Designation :	Accountant

MAJOR SHAREHOLDERS

As on: 25.09.2013

Names of Shareholders		No. of Shares
Shna Bhagwan Kotak		102000
Dhruv Krishna Kotak		34000
Vir Krishana Kotak		34000

Total		170000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Specialized Logistics, Agency and Support Services to the Oil and Gas Industry, Offshore Projects and Related Sectors.

GENERAL INFORMATION

No. of Employees :	Not Available

Bankers :	Not Available


Banking Relations :	---

Auditors :
Name :	G. M. Kapadia and Company Chartered Accountant
Address :	Tamarind House, 36 –B, Tamarind Lane, Fort , Mumbai – 400001, Maharashtra, India
Tel No:	91-22-66775555
Fax No:	91-22-6677550
PAN No.:	AAAFG47A3G

Subsidiary:	Polymarble Manufacturing Company Private Limited.

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

400000	Equity Shares	Rs.10/- each	Rs.40.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

170000	Equity Shares	Rs.10/- each	Rs.17.000 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	17.000	17.000	17.000
(b) Reserves & Surplus	838.540	872.001	858.596
(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)	855.540	889.001	875.596

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	59.178	49.124	88.459
(c) Other current liabilities	71.122	82.597	100.380
(d) Short-term provisions	4.963	6.019	66.643
Total Current Liabilities (4)	135.263	137.740	255.482

TOTAL	990.803	1026.741	1131.078

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	83.808	93.451	100.729
(ii) Intangible Assets	0.000	0.096	1.706
(iii) Capital work-in-progress	0.000	24.240	34.571
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	533.465	252.121	22.121
(c) Deferred tax assets (net)	11.827	7.282	5.545
(d) Long-term Loan and Advances	38.729	36.077	47.692
(e) Other Non-current assets	1.269	3.523	173.748
Total Non-Current Assets	669.098	416.790	386.112

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	120.212	145.859	245.809
(d) Cash and cash equivalents	166.480	413.812	414.560
(e) Short-term loans and advances	34.645	45.516	76.305
(f) Other current assets	0.368	4.764	8.292
Total Current Assets	321.705	609.951	744.966

TOTAL	990.803	1026.741	1131.078

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011

		TOTAL INCOME	272.852	369.422	456.995

Less		TOTAL EXPENSES	NA	NA	NA


	PROFIT / LOSS BEFORE TAX		NA	NA	NA

Less	TAX		NA	NA	NA

	PROFIT / LOSS AFTER TAX		(33.460)	13.406	54.137

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		760.177	747.796	758.432

Less	APPROPRIATIONS
	Transfer to General Reserve		0.000	1.025	5.500
	Dividend		0.000	0.000	59.273

	BALANCE CARRIED TO THE B/S		(793.637)	760.177	747.796

	Earnings Per Share (Rs.)		(196.82)	78.86	318.45

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(12.26)	3.63	11.85

Current Ratio (Current Asset/Current Liability)		2.38	4.43	2.92

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	17.000	17.000	17.000
Reserves & Surplus	858.596	872.001	838.540
Net worth	875.596	889.001	855.540

long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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)
Total Income	456.995	369.422	272.852
		(19.163)	(26.141)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	456.995	369.422	272.852
Profit	54.137	13.406	(33.460)
	11.85%	3.63%	(12.26%)

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	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	No
17]	Major suppliers	No
18]	Major customers	No
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	No
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	No

INDEX OF CHARGES

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

90223420

30/06/2005 *

20,000,000.00

BNP PARIBAS

FRENCH BANK BUILDING 32 HOMJISTREET FORT, , MUMBA
I, MAHARASHTRA - 400001, INDIA

* Date of charge modification

Note:

The registered office of the company has been shifted from 29, Bank Street, Fort, Mumbai- 400 001. Maharashtra, India to present address w.e.f.26.06.2013

OPERATIONS:

During the year, the performance of the Company continued to remain subdued due to global economic down trend. The total income declined to Rs. 272.852 Millions from Rs.3,69.422 Millions, last year. However, due to exceptional items, a net loss of Rs. 33.460 Millions was incurred against the net profit of Rs.13.406 Millions , last year. The Company is considering various avenues to augment the business prospects in the fiscal year..

FIXED ASSETS

Land
Building
Borewell
Plant And Equipment
Security Cabin
Electrical Fittings
Air Conditioner
Typewriter
Water Tank
Office Equipment
Furniture and Fixtures
Vehicles

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.59.48
UK Pound	1	Rs.100.93
Euro	1	Rs.80.71

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	RAS

Report Prepared by :	YOG

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		34

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.