MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

OAK SHIPPING SERVICES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELO02515C

 

 

PAN No.:

[Permanent Account No.]

AAACO7186L

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

22 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Company engaged in Freight Forwarders and Logistics services.

 

 

Terms :

 

Selling :

Credit

 

 

Purchasing :

Credit

 

 

GENERAL INFORMATION

 

No. of Employees :

22 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India

·         Tel No.: 91-11-43073649

·         Corporation Bank, 2223, Hardhiyan Singh Road, Karol Bagh, New Delhi -  10005, Delhi, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

HDFC Car Loan I-20

0.000

0.064

HDFC Car Loan Swift

0.000

0.059

HDFC Car Loan Hyundai Verna

0.928

0.413

HDFC Bank OD A/c

9.502

0.000

Corporation Bank

0.000

8.310

Total

10.430

8.846

 

 

 

UNSECURED LOAN

 

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

Nitin Gupta

2.561

1.152

Nitin Gupta - HUF

7.073

0.820

Deepti Gupta

2.893

2.316

Bajaj Finance Limited

0.000

0.708

I Venture Securities (Private) Limited

0.000

1.000

RKG Finvest Limited

0.000

3.400

Total

12.527

9.396

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Mathur Nitin and Company

Chartered Accountants

Address :

207, Gupta Arcade, LSC, Mayur Vihar Phase - 1 Extension Delhi – 110091, India

Tel. No.:

91-11-22717886/87

E-Mail :

nitinmathur@vsnl.com

PAN N Income-tax PAN of auditor or auditor's firm :

AAJPM1168J

 

 

Other Related Party :

Him Logistics (Private) Limited 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Prakash Gupta

 

5000

Nitin Gupta

 

5000

Piyush Mathur

 

3000

Deepti Gupta

 

500

 

 

 

Total

 

13500

 

 

 

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

0.135

0.135

0.100

(b) Reserves & Surplus

22.907

18.200

8.269

(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)

23.042

18.335

8.369

 

 

 

 

(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

22.957

18.243

4.789

(b) Trade payables

9.289

13.917

21.059

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

4.420

3.537

4.015

Total Current Liabilities (4)

36.666

35.697

29.863

 

 

 

 

TOTAL

59.708

54.032

38.232

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.047

2.570

2.404

(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

2.255

2.255

2.255

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

5.302

4.825

4.659

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

50.109

45.580

32.361

(d) Cash and cash equivalents

0.620

0.489

(1.107)

(e) Short-term loans and advances

3.676

3.136

2.315

(f) Other current assets

0.001

0.002

0.004

Total Current Assets

54.406

49.207

33.573

 

 

 

 

TOTAL

59.708

54.032

38.232

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

294.781

243.455

12.955

 

 

Other Income

0.000

0.000

0.000

 

 

TOTAL                                     (A)

294.781

243.455

12.955

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employee benefits expense

7.192

6.085

 

 

 

Direct Expenses

274.388

227.071

 

 

 

Operating expenses

0.622

0.448

 

 

 

Other expenses

3.517

2.471

 

 

 

Preliminary Expenses W/Off

0.001

0.001

 

 

 

TOTAL                                     (B)

285.720

236.076

8.723

(Including Financial Expenses)

 

 

 

 

 

Less

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

9.061

7.379

 

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

1.585

1.160

 

 

 

 

 

 

 

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

7.476

6.219

4.232

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.595

0.521

0.554

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

6.881

5.698

3.678

 

 

 

 

 

Less

TAX                                                                  (H)

2.140

1.77

1.150

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

4.741

3.928

2.528

 

 

 

 

 

 

Earnings Per Share (Rs.)

351.17

291.00

NA

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

330.000

 

Expected Sales (2014-2015) : Rs.400.000 Millions

 

The above information has been parted by Mr. Kamal (Finance Head)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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 DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

D-30, First Floor, Acharya Niketan, Mayur Vihar, Phase – I, New Delhi – 110091, India

Tel. No.:

91-11-43653300 (30 Lines) / 22754135/ 43653311 (10 Lines)

Mobile No.:

91-9811774934 (Mr. Nitin Gupta )

Fax No.:

91-11-43653323/ 22754127

E-Mail :

rchadha111@gmail.com

oak_shipping@sify.com

navin@cargomarketingintl.com

nitin.gupta@oakshipping.com

oakshipping@gmail.com

Website :

http://www.oakshipping.com

Location :

Owned

 

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.