MIRA INFORM REPORT

Report No. :	353570
Report Date :	08.12.2015

IDENTIFICATION DETAILS

Name :	JAYEM WAREHOUSING PRIVATE LIMITED (w.e.f. 24.06.2008)

Formerly Known As :	KOCHI LOGISTICS SERVICES PRIVATE LIMITED

Registered Office :	#146 and 148 “SIDCO” Industrial Eatste, Thirumazhisai, Poonamallee Taluk, Thiruvalluvar District: Chennai – 602107, Tamilnadu
Tel. No.:	91-80-23494137

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	04.02.1997

Com. Reg. No.:	18-037441

Capital Investment / Paid-up Capital :	Rs.20.000 Million

CIN No.: [Company Identification No.]	U63090TN1997PTC037441

IEC No.:	Not Divulged

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in the business of Warehousing Handling, Transportation and allied work. (Registered Activity)

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 232000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is a subsidiary of Jayem Logistics Private Limited, India. It is an established company incorporated in the year 1997 having satisfactory track. Profit of the company slightly declined during FY 2015. However, the company possesses good financial risk profile marked by healthy networth base and comfortable liquidity position of the company. The rating also takes into consideration favorable gap between trade payables and trade receivables. The company also receives strong operational and managerial support from its holding company. Trade relations are reported as fair. Business is active.. Payments terms are reported as usually correct and as per commitments. In view of long track record and sound financial base, the company can be considered normal for 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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 31-03-2015.

INFORMATION DENIED BY

Name :	Ms. Shridevi
Designation :	Admin Incharge
Contact No.:	91-80-41353500
Date :	07.12.2015

LOCATIONS

Registered Office :	#146 and 148 “SIDCO” Industrial Eatste, Thirumazhisai, Poonamallee Taluk, Thiruvalluvar District: Chennai – 602107, Tamilnadu, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	k.rajaram@gomassystems.com


Corporate Office :	Logistics Park, Plot No-7, Road, No-10, Export Promotion Industrial Park, Whitefield, Bengalore - 560086, Karnataka, India
Tel. No.:	91-80-23494137
Fax No.:	91-80-41353600
E-Mail :	jlspl@jayem.co.in

Offices:	Located at: Bangalore Chennai New Delhi Mumbai Kolkata Hyderabad, Kochi Pune Nagpur Trivandrum Ahmedabad

Warehouses:	Located at: Chennai Bangalore New Delhi Mumbai Pondicherry Kolkata Cochin Hyderabad Ahmedabad Lucknow Punjab Chandigarh Noida Gurgaon Hubli Jaipur Zirakpur Indore

DIRECTORS

As on 29.09.2015

Name :

Mr. Madhumitha Kumar Rajan

Designation :

Director

Address :

No 34, Kirloskar Colony, 1st Stage, Bangalore - 560079, Karnataka, India

Date of Birth/Age :

02.06.1983

Date of Appointment :

14.07.2008

DIN No.:

00121423

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	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
2	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
3	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
4	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
5	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
6	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
7	U63013KA2004PTC080418	C-NET EXPRESS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
8	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	14/07/2008	14/07/2008	-	Active	NO
9	U72200KA2001PTC028753	AND DATA WAREHOUSING PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
10	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
11	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
12	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
13	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
14	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
15	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
16	U72400KA2005PTC036424	JAYEM RECORDS AND DATA PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
17	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
18	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	20/11/2009	20/11/2009	24/01/2011	Active	NO

Name :

Mr. Kaushik Kumar Rajan

Designation :

Director

Address :

No 34, Kirloskar Colony, 1st Stage, Bangalore - 560079, Karnataka, India

Date of Birth/Age :

08.06.1979

Date of Appointment :

29.09.2009

DIN No.:

00121541

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	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	-	Active	NO
2	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Managing director	28/08/2013	08/08/2002	-	Active	NO
3	U72200KA2001PTC028753	RECORDS AND DATA WAREHOUSING PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
4	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
5	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
6	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
7	U63013KA2004PTC080418	C-NET EXPRESS PRIVATE LIMITED	Director	25/11/2004	25/11/2004	-	Active	NO
8	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	28/11/2005	28/11/2005	-	Active	NO
9	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	28/11/2005	28/11/2005	-	Active	NO
10	U72400KA2005PTC036424	JAYEM RECORDS AND DATA PRIVATE LIMITED	Director	29/11/2005	29/11/2005	-	Active	NO
11	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
12	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	31/08/2007	31/08/2007	-	Active	NO
13	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
14	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
15	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	29/09/2009	25/04/2009	-	Active	NO
16	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	30/09/2009	25/04/2009	-	Active	NO
17	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
18	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	12/03/2013	20/11/2009	-	Active	NO
19	U72200KA2015PTC083522	CITY LINK PORTAL PRIVATE LIMITED	Director	20/10/2015	20/10/2015	-	Active	NO

Name :

Mr. Rajam Jayakumar

Designation :

Director

Address :

No. 104-E, Mittal Tower Residency, M.G. Road, Bangalore - 560001, Karnataka, India

Date of Birth/Age :

01.09.1948

Date of Appointment :

08.05.2000

DIN No.:

00121817

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	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Director	20/04/1988	20/04/1988	-	Active	NO
2	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	08/02/1993	08/02/1993	-	Active	NO
3	U85110KA1997PTC021699	THERMOGRAPHIC MEASUERMENTS PRIVATE LIMITED	Director	27/01/1997	27/01/1997	-	Strike off	NO
4	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	08/05/2000	08/05/2000	-	Active	NO
5	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	12/02/2001	12/02/2001	-	Active	NO
6	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	12/02/2001	12/02/2001	-	Active	NO
7	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	14/02/2001	14/02/2001	31/08/2015	Active	NO
8	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	15/02/2001	15/02/2001	-	Active	NO
9	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	14/03/2001	14/03/2001	-	Active	NO
10	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	30/09/2009	14/03/2001	-	Active	NO
11	U72200KA2001PTC028753	RECORDS AND DATA WAREHOUSING PRIVATE LIMITED	Director	14/03/2001	14/03/2001	-	Active	NO
12	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	31/08/2015	Active	NO
13	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
14	U72400KA2005PTC036424	JAYEM RECORDS AND DATA PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
15	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	07/06/2005	07/06/2005	-	Active	NO
16	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	10/08/2005	10/08/2005	-	Active	NO
17	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Managing director	23/09/2013	26/12/2005	-	Active	NO
18	U63013KA2004PTC080418	C-NET EXPRESS PRIVATE LIMITED	Director	25/04/2006	25/04/2006	-	Active	NO
19	U63031KA2006PTC040642	Nippon Express (India) Private Limited	Director	27/09/2006	27/09/2006	-	Active	NO
20	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	29/09/2009	25/04/2009	-	Active	NO
21	U63090KA2011PTC058308	Nittsu Logistics (India) Private Limited	Director	26/04/2011	26/04/2011	-	Active	NO
22	U72200KA2015PTC083522	CITY LINK PORTAL PRIVATE LIMITED	Director	20/10/2015	20/10/2015	-	Active	NO

Name :

Mr. Puneet Prakash

Designation :

Director

Address :

CM2, Gopalan Millenium Habitat, ITPL Road, Kundalahalli, Brookfield, Bangalore - 560037, Karnataka, India

Date of Birth/Age :

09.11.1972

Date of Appointment :

14.07.2008

DIN No.:

01936016

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	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	20/11/2007	20/11/2007	-	Active	NO
2	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	20/11/2007	20/11/2007	30/09/2011	Active	NO
3	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Shridevi
Designation :	Admin Incharge

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2015

Names of Shareholders	No. of Shares	%age holding
Jayem Logistics Private Limited, India	199000	99.50
Madhumitha Kumar Rajan	1000	0.50
Total	200000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2014

Category	Percentage
Bodies corporate	99.00
Directors or relatives of Directors	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Warehousing Handling, Transportation and allied work. (Registered Activity)

Products/ Services :

Item Code No.	Product Description
99672900	Other Storage and Warehouse Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	IndusInd Bank Limited
Branch	No.28, 5^th Floor, Centenary Building, M.G. Road, Bangalore – 560001, Karnataka, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Term Loan from Bank (Secured by Book Debts and Personal guarantee by directors)	0.000	0.590
Kotak Mahindra Prime Limited (Secured by hypothecation of vehicle)	0.240	0.455

Short-term borrowings
Bank O/D with Indusind Bank (Secured by Book debts and personal guarantee by directors)	32.324	35.453

Total	32.564	36.498


Auditors :
Name :	Venkatachala Raghavendra and Company Chartered Accountants
Address :	No.27 1^st Flooe, 80 Feet, Ring Road, Papa Reddy Palya, Nagarbhavi II Stage, Bangalore – 560072, Karnataka, India
Tel. No.:	91-80-26716991
Telefax No.:	91-80-26710484
E-Mail :	vmaslekar@dataone.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAVFE5257A

Memberships :	--

Collaborators :	--

Holding Company:	Jayem Logistics Private Limited, India (U60231KA2005PTC038053)

Group Companies:	Gomas Systems and Controls Private Limited Vaidi Facility Management Private Limited Infolog Solutions Private Limited Records and Data Warehousing Private Limited Jayem Inland Transport Private Limited Jayem Records and Data Private Limited Alpha Freight Chain Private Limited Supply Chain Consultants Private Limited Repairs and Return Technology (India) Private Limited

CAPITAL STRUCTURE

As on 29.09.2015

Authorised Capital :

No. of Shares	Type	Value	Amount

200000	Equity Shares	Rs.100/- each	Rs.20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

200000	Equity Shares	Rs.100/- each	Rs.20.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	20.000	20.000	20.000
(b) Reserves & Surplus	61.048	67.578	57.266
(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)	81.048	87.578	77.266

(3) Non-Current Liabilities
(a) long-term borrowings	17.240	18.045	27.238
(b) Deferred tax liabilities (Net)	2.856	5.997	5.560
(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)	20.096	24.042	32.798

(4) Current Liabilities
(a) Short term borrowings	32.324	35.453	38.462
(b) Trade payables	43.977	39.447	73.525
(c) Other current liabilities	4.720	1.245	3.321
(d) Short-term provisions	44.419	35.778	29.441
Total Current Liabilities (4)	125.440	111.923	144.749

TOTAL	226.584	223.543	254.813

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	36.666	55.099	57.191
(ii) Intangible Assets	0.984	1.189	1.680
(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	1.000	0.000	0.000
(c) Deferred tax assets (net)	32.569	34.716	44.425
(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	71.219	91.004	103.296

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	95.907	85.130	107.540
(d) Cash and cash equivalents	8.146	3.571	0.421
(e) Short-term loans and advances	0.577	1.933	0.605
(f) Other current assets	50.735	41.905	42.951
Total Current Assets	155.365	132.539	151.517

TOTAL	226.584	223.543	254.813

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	457.438	419.990	512.487
	Other Income	0.280	2.175	3.254
	TOTAL (A)	457.718	422.165	515.741

Less	EXPENSES
	Logistics Handling Expenses	181.653	148.959	200.717
	Warehouse Rent & Maintenance	106.879	120.849	149.848
	Employees benefits expense	99.050	87.823	90.248
	Other expenses	35.330	32.935	36.344
	TOTAL (B)	422.912	390.566	477.157

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	34.806	31.599	38.584

Less	FINANCIAL EXPENSES (D)	3.810	3.744	5.092

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	30.996	27.855	33.492

Less/ Add	DEPRECIATION/ AMORTISATION (F)	17.911	5.638	5.367

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	13.085	22.217	28.125

Less	TAX (H)	4.331	7.255	9.251

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	8.754	14.962	18.874

	Earnings / (Loss) Per Share (Rs.)	44.00	75.00	94.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	(4.734)	(10.700)	NA
Net cash flow from operating activity	17.449	9.449	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.91	3.56	3.68

Operating Profit Margin (PBIDT/Sales)	(%)	7.61	7.52	7.53

Return on Total Assets (PBT/Total Assets}	(%)	6.78	11.77	13.37

Return on Investment (ROI) (PBT/Networth)		0.16	0.25	0.36

Debt Equity Ratio (Total Debt /Networth)		0.61	0.61	0.85

Current Ratio (Current Asset/Current Liability)		1.24	1.18	1.05

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	20.000	20.000	20.000
Reserves & Surplus	57.266	67.578	61.048
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	77.266	87.578	81.048

long-term borrowings	27.238	18.045	17.240
Short term borrowings	38.462	35.453	32.324
Total borrowings	65.700	53.498	49.564
Debt/Equity ratio	0.850	0.611	0.612

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	512.487	419.990	457.438
		(18.049)	8.916

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	512.487	419.990	457.438
Profit	18.874	14.962	8.754
	3.68%	3.56%	1.91%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION

The Subject is a Private Limited Company in India and incorporated under the provisions of the Companies Act, 1956. It came into existence on 4th day of February 1997. The Company is engaged in the business of Warehousing and Handling and Transportation and allied work in India.

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Inter Corporate loans	17.000	17.000

Total	17.000	17.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80020288	28/06/2012 *	55,400,000.00	Indusind Bank Limited	No. 28, 5th Floor, Centenary Building, M.G. Road, Bangalore, Karnataka - 560001, INDIA	B43935782

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2015	31.03.2014
Guarantee given by bank and Counter guarantee by the company	1.600	1.600

FIXED ASSETS

Computer
Office Equipments
Furniture
Vehicle
Computer Software

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 records 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 records 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.66.62
UK Pound	1	Rs.100.65
Euro	1	Rs.72.40

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	DIV

Report Prepared by :	SUD

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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	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		50

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit