MIRA INFORM REPORT
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Report No. : |
309377 |
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Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
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Name : |
DHL LOGISTICS PRIVATE LIMITED (w.e.f. 07.06.2012) |
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Formerly Known
As : |
DHL LEMUIR LOGISTICS PRIVATE LIMITED (w.e.f. 08.10.2007) EXEL INDIA PRIVATE LIMITED MSAS GLOBAL LOGISTICS (INDIA) PRIVATE LIMITED (w.e.f. 28.12.1998) MSAS BLUE SKIES PRIVATE LIMITED |
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Registered
Office : |
201 A, Silver Utopia, Cardinal Gracias Road, Chakala, Andheri East, Mumbai – 400099, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.05.1996 |
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Com. Reg. No.: |
11-099340 |
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Capital
Investment / Paid-up Capital : |
Rs.1614.800 Millions |
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CIN No.: [Company Identification
No.] |
U63090MH1996PTC099340 |
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TIN No.: |
Not Available |
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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.] |
AAACM6864H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial record with the
government department for the year 2014. As per available financial of 2013, general financial position of the
company seems to be sound and healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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.
INFORMATION DENIED BY
|
Name : |
Mr. Sudhir Dalvi |
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Designation : |
Accountant |
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Contact No.: |
91-22-61985100 |
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Date : |
21.02.2015 |
LOCATIONS
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Registered Office : |
201 A, Silver Utopia, Cardinal Gracias Road, Chakala, Andheri East, Mumbai – 400099, Maharashtra, India |
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Tel. No.: |
91-22-33486118 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Samar Surendra Nath |
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Designation : |
Whole Time Director |
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Address : |
205 Panch Leela Near S M Shetty School, Hiranandani Garden Powai,
Mumbai - 400072, Maharashtra, India |
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Date of Appointment : |
30.07.2014 |
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DIN No.: |
02635519 |
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Name : |
Alejandro Arboleda |
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Designation : |
Additional Director |
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Address : |
1, Grange Garden, # 10-06,Grange, The Singapore, 249631, Singapore |
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Date of Appointment : |
18.11.2010 |
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DIN No.: |
03395825 |
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Name : |
Kai Yuen Leung |
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Designation : |
Additional Director |
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Address : |
14 A, Trafalgar Court, 70,
Tai Hang Road,, Hongkong, Na, Hong Kong |
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Date of Appointment : |
24.11.2014 |
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DIN No.: |
07017950 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhir Dalvi |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Deutche Post International B.V., Netherland |
80480000 |
49.84 |
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DHL Global Forwarding Management (Asia Pacific) Pte Limited, Singapore
|
78000000 |
48.30 |
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Ocean Overseas Holding Limited, UK |
3000000 |
1.86 |
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Total |
161480000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the business of
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
Not Divulged |
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Facilities : |
-- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Address : |
Lovelock and Lewes 252 Veer Savarkar Marg, Shivaji Park, Dadar West, Mumbai, Maharashtra, India |
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PAN No.: |
AAFFP3698A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
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Ultimate Holding Company : |
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Parties which exercise control over the
Company |
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Fellow subsidiaries (with whom
transactions have taken place during the year/ previous year) : |
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Others : |
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CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
163000000 |
Equity Shares |
Rs.10/- each |
Rs.1630.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
|
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|
161480000 |
Equity Shares |
Rs.10/- each |
Rs.1614.800 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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
1,614.800 |
1,614.800 |
1,614.800 |
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(b) Reserves & Surplus |
2,638.856 |
1,945.735 |
954.696 |
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(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) |
4,253.656 |
3,560.535 |
2,569.496 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
51.487 |
34.966 |
26.618 |
|
(d) long-term
provisions |
498.189 |
433.351 |
384.375 |
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Total Non-current Liabilities
(3) |
549.676 |
468.317 |
410.993 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade
payables |
2,596.102 |
2,386.383 |
3,219.021 |
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(c) Other
current liabilities |
675.149 |
609.482 |
584.248 |
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(d) Short-term
provisions |
135.324 |
114.236 |
642.173 |
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Total Current
Liabilities (4) |
3,406.575 |
3,110.101 |
4,445.442 |
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TOTAL |
8,209.907 |
7,138.953 |
7,425.931 |
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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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(i)
Tangible assets |
791.211 |
464.539 |
410.569 |
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(ii)
Intangible Assets |
668.061 |
831.668 |
995.275 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
280.416 |
247.654 |
286.988 |
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(d) Long-term Loan and Advances |
1,000.439 |
953.177 |
525.120 |
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(e) Other
Non-current assets |
3.160 |
0.945 |
0.867 |
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Total Non-Current
Assets |
2,743.287 |
2,497.983 |
2,218.819 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
0.000 |
0.000 |
0.000 |
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(c) Trade
receivables |
4,385.111 |
3,578.646 |
3,676.891 |
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(d) Cash
and cash equivalents |
355.655 |
538.058 |
866.501 |
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(e)
Short-term loans and advances |
427.605 |
292.023 |
290.046 |
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(f) Other
current assets |
298.249 |
232.243 |
373.674 |
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Total
Current Assets |
5,466.620 |
4,640.970 |
5,207.112 |
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TOTAL |
8,209.907 |
7,138.953 |
7,425.931 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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Income |
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Other Income |
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TOTAL |
26,075.588 |
24,612.832 |
26,637.280 |
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Less |
EXPENSES |
24,656.749 |
23,088.331 |
25,225.348 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1,418.839 |
1,524.501 |
1,411.932 |
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Less |
DEPRECIATION/
AMORTISATION |
357.381 |
354.263 |
340.891 |
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PROFIT/(LOSS)
BEFORE TAX |
1,061.458 |
1,170.238 |
1,071.041 |
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Less |
TAX |
368.337 |
179.200 |
479.294 |
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PROFIT/(LOSS)
AFTER TAX |
693.121 |
991.038 |
591.747 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1,445.374 |
454.336 |
454.336 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
69.312 |
0.000 |
59.175 |
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Dividend |
533.193 |
0.000 |
458.235 |
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Tax on Dividend |
90.616 |
0.000 |
74.337 |
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BALANCE CARRIED
TO THE B/S |
1,445.374 |
1,445.374 |
454.336 |
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Earnings /
(Loss) Per Share (Rs.) |
4.29 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.39 |
16.98 |
15.00 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.33 |
0.42 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.49 |
1.17 |
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 |
1614.800 |
1614.800 |
1614.800 |
|
Reserves & Surplus |
954.696 |
1945.735 |
2638.856 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2569.496 |
3560.535 |
4253.656 |
|
|
|
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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 |
26,637.280 |
24,612.832 |
26,075.588 |
|
|
|
(7.600) |
5.943 |
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 |
26,637.280 |
24,612.832 |
26,075.588 |
|
Profit |
591.747 |
991.038 |
693.121 |
|
|
2.22% |
4.03% |
2.66% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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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 |
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 |
Yes |
|
23] |
Banking Details |
No |
|
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 |
No |
|
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 |
LITIGATION DETAILS
|
Case Details |
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Bench:- Bombay |
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Presentation Date :- |
20/02/2014 |
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Stamp No.:- |
WPST/31468/2012 |
Filling Date:- |
20/02/2014 |
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Petitioner:- |
THE STATE OF MAHARASHTRA THROUGH DEPT OF LABOUR |
Respondent:- |
DHL LOGISTICS PRIVATE LIMITED AND ORS- |
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Petn.Adv:- |
GOVERNMENT PLEADER WRIT CELL (I2390) |
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District:- |
PUNE |
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Bench:- |
DIVISION |
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Status:- |
Pre-Admission |
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Last Date:- |
13/02/2015 |
Stage:- |
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Last Coram:- |
HON’BLE SHRI JUSTICE NARESH H. PATIL HON’BLE SHRI JUSTICE A.S. GADKARI |
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|
Act :- |
Mah. Edu. Inst. Prob. of Cap Fees Act |
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GENERAL INFORMATION
The company is a private limited company, Deutsche Post AG, Germany (DPDHL) is the ultimate holding company.
The Company is engaged in the business of
- Freight forwarding, which involves air import and export operations, ocean import and export operations, custom clearance activities and other ancillary activities;
- Supply chain, which involves warehousing, transportation and other ancillary activities; and
- Global service centre which involves giving support services to other DPDHL group companies
OPERATIONS
The total income increased by 5.94% from Rs.24612.832 Millions in 2011-12 to Rs.24640.426 Millions in 2012-13 due to overall economic conditions. The Profit after Tax decreased by 69.93% from Rs.693.121 Millions to Rs.991.038 Millions.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.