MIRA
INFORM REPORT
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Report No. : |
307478 |
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Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALL-WAYS LOGISTICS INDIA PRIVATE LIMITED |
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Registered
Office : |
60, Savarkar Appartment, Plot No.39, I.P. Extension, Patparganj, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.01.2008 |
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Com. Reg. No.: |
55-173096 |
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Capital Investment
/ Paid-up Capital : |
Rs.25.000 Millions |
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CIN No.: [Company Identification
No.] |
U35990DL2008PTC173096 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAGCA7933F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Business of Providing Logistic Services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 170000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has reported decent profitability. The financial position of the company appears to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings with usual
business 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
31-03-2014.
LOCATIONS
|
Registered Office : |
60, Savarkar Appartment, Plot No.39, I.P. Extension, Patparganj, Delhi
– 110 09, India |
|
Tel. No.: |
91-11-41011417 / 26781134 |
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Fax No.: |
91-11-41011418 / 47473299 |
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E-Mail : |
management@allwayslogisticsgroup.com
mumbai@allwayslogisticsgroup.com
chennai@allwayslogisticsgroup.com
kolkata@allwayslogisticsgroup.com
bangalore@allwayslogisticsgroup.com
hyderabad@allwayslogisticsgroup.com
cochin@allwayslogisticsgroup.com
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Website : |
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Head Office : |
KH-810, Mahipalpur, Vasant Kunj Road, Behind Apra Maruti Suzuki Show
Room, New Delhi – 110 037, India |
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Tel. No.: |
91-11-47473200 / 26781134 |
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Fax No.: |
91-11-41008437 / 47473299 |
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E-Mail : |
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Branches : |
Located at: ·
Mumbai ·
Chennai ·
Kolkata ·
Bangalore ·
Hyderabad ·
Cochin ·
Gujarat |
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Overseas Offices : |
·
Hong Kong ·
Australia |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Deepak Kumar Gupta |
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Designation : |
Managing Director |
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Address : |
60, Savarkar Apartment, I.P. Extension, Patparganj, Delhi – 110 09,
India |
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Date of Appointment : |
22.10.2012 |
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DIN No.: |
00001153 |
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Other Directorship:
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Name : |
Mr. Nishi Gupta |
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Designation : |
Director |
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Address : |
60, Savarkar Apartment, I.P. Extension, Patparganj, Delhi – 110 09,
India |
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Date of Appointment : |
24.01.2008 |
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DIN No.: |
00001154 |
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Name : |
Mr. Manu Raj |
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Designation : |
Director |
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Address : |
H.No. D-55, South City II, Block- B.C.D, Village Tikri, The Gurgaon –
122 001, India |
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Date of Appointment : |
27.09.2012 |
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DIN No.: |
05316037 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Kumar Gupta |
|
1295000 |
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Nishi Gupta |
|
330000 |
|
Manu Gupta |
|
625000 |
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Ankur Gupta |
|
125000 |
|
Mohinder Pal Bansal |
|
125000 |
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Total |
|
2500000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the Business of Providing Logistic Services. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
Bank of India, Parliament Street Branch, PTI
Building, 4, Parliament Street, New Delhi – 110 001, India |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
Gupta Rautela and Company Chartered Accountants |
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Address : |
A-10, MGS Chambers, 1st Floor, Nehru Ground, NIT, Faridabad
– 121 001, Haryana, India |
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Tel. No.: |
91-129-4035759 |
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Mobile No.: |
91-9873250917 |
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Fax No.: |
91-129-1035759 |
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E-Mail : |
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PAN No.: |
AAFFG3547D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company (AS on
31.03.2013): |
·
All-Ways Logistics (CHA) Private Limited [U63000DL2012PTC246252] ·
All-Ways Logistics (NVOCC) Private Limited [U63040DL2012PTC245441] ·
All-Ways Logistics (3PL) Private Limited [U63090DL2012PTC246022] ·
All-Ways Logistics Private Limited (Hong
Kong) |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs.25.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
25.000 |
25.000 |
5.000 |
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(b) Reserves & Surplus |
34.581 |
14.034 |
0.530 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
59.581 |
39.034 |
5.530 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
3.557 |
1.558 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.054 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.600 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
10.157 |
1.612 |
0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
61.209 |
24.169 |
0.000 |
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(b) Trade payables |
42.975 |
102.300 |
17.423 |
|
(c) Other current liabilities |
8.662 |
6.946 |
0.250 |
|
(d) Short-term provisions |
10.218 |
6.747 |
0.300 |
|
Total
Current Liabilities (4) |
123.064 |
140.162 |
17.973 |
|
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|
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TOTAL |
192.802 |
180.808 |
23.503 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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(i) Tangible assets |
9.692 |
7.567 |
0.572 |
|
(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 |
3.067 |
3.067 |
0.000 |
|
(c) Deferred tax assets (net) |
0.091 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
12.850 |
10.634 |
0.572 |
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
128.343 |
140.651 |
16.637 |
|
(d) Cash and cash equivalents |
14.401 |
11.536 |
6.186 |
|
(e) Short-term loans and
advances |
37.208 |
17.987 |
0.108 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
179.952 |
170.174 |
22.931 |
|
|
|
|
|
|
TOTAL |
192.802 |
180.808 |
23.503 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Gross Turnover (A) |
1574.715 |
879.984 |
18.856 |
|
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|
Less |
EXPENSES |
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|
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TOTAL
(B) |
NA |
NA |
NA |
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
37.828 |
22.525 |
0.952 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.507 |
0.679 |
0.000 |
|
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|
|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
33.321 |
21.846 |
0.952 |
|
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|
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|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.920 |
1.686 |
0.122 |
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|
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|
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|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
30.401 |
20.160 |
0.830 |
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|
Less |
TAX
(I) |
9.854 |
6.656 |
0.301 |
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|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
20.547 |
13.504 |
0.529 |
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EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
34.561 |
4.084 |
0.000 |
|
|
TOTAL
EARNINGS |
34.561 |
4.084 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
8.22 |
53.42 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.30 |
1.53 |
2.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
2.40 |
2.56 |
5.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.03 |
11.34 |
3.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.52 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
0.66 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.21 |
1.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
0.530 |
14.034 |
34.581 |
|
Net
worth |
5.530 |
39.034 |
59.581 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.558 |
3.557 |
|
Short term borrowings |
0.000 |
24.169 |
61.209 |
|
Total
borrowings |
0.000 |
25.727 |
64.766 |
|
Debt/Equity
ratio |
0.000 |
0.659 |
1.087 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Turnover |
18.856 |
879.984 |
1574.715 |
|
|
|
4,566.865 |
78.948 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Turnover |
18.856 |
879.984 |
1574.715 |
|
Profit |
0.529 |
13.504 |
20.547 |
|
|
2.81% |
1.53% |
1.30% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and advances from related parties |
3.000 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
|
|
|
|
Total |
3.000 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10545465 |
10/12/2014 |
5,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limi |
25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
C41617440 |
|
2 |
10389675 |
06/02/2014 * |
72,000,000.00 |
Bank of India |
Parliament Street Branch, 4, Sansad Marg, New Delhi, Delhi - 110001, INDIA |
B97246896 |
* Date of charge modification
FIXED ASSETS:
·
Computer
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
47 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.