MIRA INFORM REPORT
|
Report No. : |
329645 |
|
Report Date : |
30.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
YUSEN
LOGISTICS (INDIA) PRIVATE LIMITED (w.e.f. 30.09.2014) |
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|
|
|
Formerly Known
As : |
YUSEN
LOGISTICS (INDIA) LIMITED (w.e.f. 26.09.2011) NYK
LOGISTICS (INDIA) LIMITED (w.e.f. ORIENT
CONSOLIDATION SERVICE (INDIA) LIMITED |
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|
|
|
Registered
Office : |
207-211, 2nd
Floor Palm Court, Sukhrali Chowk, Gurgaon – 122 001, Haryana |
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Tel. No.: |
91-124-4305300 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.11.1998 |
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Com. Reg. No.: |
05-042267 |
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Capital
Investment / Paid-up Capital : |
Rs.594.150
million |
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|
|
|
CIN No.: [Company Identification
No.] |
U63010HR1998PTC042267 |
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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.] |
AAACO2356G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing freight
forwarding and logistics services. |
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No. of Employees
: |
Approximately 546 (As of March 2015) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1231000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow bur correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “NIPPON YUSEN KAISHA (NYK)” which is one of the largest shipping companies in the world. Subject is established company having moderate track record. During FY 2014, the company have reported top line growth of 18.31% in it sale turnover, but it have reported losses from its business operations. Due to its accumulated losses the company have reported negative reserves during past two years. Rating also takes into consideration strong financial and managerial support that company receives from its group company backed by its well experienced management team. Trade relations are reported to be fair. Business is active and payments are reported to be slow but correct. In view of strong support from group company’s backed by its well experienced management team, the company can be considered for business dealing with 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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 |
|
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Lalit |
|
Designation : |
Accounts Department |
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Contact No.: |
91-124-4305300 |
|
Date : |
29.06.2015 |
LOCATIONS
|
Registered Office : |
207-211, 2nd
Floor Palm Court, Sukhrali Chowk, Gurgaon – 122 001, Haryana, India |
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Tel. No.: |
91-124-4305300 |
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Fax No.: |
91-124-4305499 |
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E-Mail : |
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Website : |
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Head Office/ Corporate Office : |
Trade View, 3rd Floor, Kamala Mills Compound, Gate No.4,
Pandurang Budhkar Marg, Lower
Parel, Mumbai – 400 013, Maharashtra, India |
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Tel. No.: |
91-22-30914000 |
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Fax No.: |
91-22-30914070/ 90 |
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Offices : |
Located at: ·
Bangalore ·
Chennai ·
Pune ·
Kochi ·
Pune ·
Kolkata ·
Hyderabad ·
Cochin ·
Ludhiana ·
Jaipur ·
Visakhapatnam ·
Ahmedabad ·
Tuticorin |
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Agent Office : |
Located at: ·
Trivandrum |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Isamu Yoneyama |
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Designation : |
Managing Director |
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Address : |
Grand
Hyatt Mumbai, Off Western Express Highway, Santacruz (East), Mumbai – 400
055, Maharashtra, India |
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Date of Birth/Age : |
26.10.1963 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
05102789 |
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Other
Directorship :
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Name : |
Toshiyuki Eizaburo Kimura |
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Designation : |
Director |
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Address : |
2 Changi South Ave, Singapore, 486354,
Singapore |
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Date of Birth/Age : |
18.04.1954 |
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Date of Appointment : |
23.12.2013 |
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DIN No.: |
06634700 |
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Other
Directorship :
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Name : |
Yoshiaki Uzawa |
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Designation : |
Whole-time Director |
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Address : |
Grand
Hyatt Mumbai, Off Western Express Highway, Santacruz (East), Mumbai – 400
055, Maharashtra, India |
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Date of Birth/Age : |
25.09.1966 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06942254 |
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Other
Directorship :
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Name : |
Tadashi Koike |
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Designation : |
Additional Director |
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Address : |
Grand
Hyatt Mumbai, Off Western Express Highway, Santacruz (East), Mumbai – 400
055, Maharashtra, India |
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|
Date of Appointment : |
22.05.2015 |
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DIN No.: |
07190543 |
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Name : |
Hikaru Nishimura |
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Designation : |
Additional Director |
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Address : |
ITC
Grand Central Hotel, 287, Dr. Babasaheb Ambedkar Road Parel, Mumbai – 400
013, Maharashtra, India |
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Date of Appointment : |
22.05.2015 |
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DIN No.: |
07191095 |
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KEY EXECUTIVES
|
Name : |
Mr. Lalit |
|
Designation : |
Accounts Department |
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|
|
|
Name : |
Ms. Neha Vinodkumar Choudhary |
|
Designation : |
Secretary |
|
Address : |
303,
Sai Kunj Apt, Sai Baba Nagar, Navghar Road, Bhayandar (East), Thane – 401
105, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1989 |
|
Date of Appointment : |
01.10.2013 |
|
PAN No.: |
AKFPC5475N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nippon Yusen Kabushiki Kaisha, Japan |
|
29113350 |
|
Yusen Logistics Co. Limited, Japan |
|
18734846 |
|
Yusen Logistics (Singapore) Pte. Limited, Singapore |
|
11566800 |
|
Hitesh Doshi (Nominee YLK Japan) |
|
1 |
|
G. Rajesh (Nominee YLK Japan) |
|
1 |
|
Vinod Vahinipati (Nominee YLK Japan) |
|
1 |
|
Rehan Mirza (Nominee YLK Japan) |
|
1 |
|
Total |
|
59415000 |
AS ON 28.02.2015
|
Names of Shareholders |
|
No. of Shares |
|
Yusen Logistics (Singapore) Pte. Limited, Singapore |
|
9733906 |
|
Yusen Logistics Limited (Japan), Japan |
|
15766094 |
|
NYK Line (India) Limited, India |
|
24500000 |
|
Total |
|
50000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image015.gif)
BUSINESS DETAILS
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Line of Business : |
Subject is engaged into providing freight
forwarding and logistics services. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 : |
Approximately 546 (As of March 2015) |
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Bankers : |
·
Bank of Tokyo |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
1st Floor,
Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai – 400 011,
Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company: |
Nippon Yusen Kabushiki Kaisha, Japan |
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|
Fellow Subsidiary
Companies: |
·
NYK Line (India) Limited, India (CIN No.:
U99999MH1992PLC102550) ·
Yusen Logistics (Americas) Inc, United
States ·
Yusen Logistics Co. Limited, Japan ·
Yusen Logistics Do Basil Limited, Brazil ·
Yusen Logistics (Hongkong) Limited, Hong
Kong ·
Yusen Logistics Singapore Pte Limited,
Singapore ·
Yusen Logistics (Thailand) Co. Limited,
Thailand ·
Yusen Logistics (China) Co. Limited, China |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
115000100 |
Equity Shares |
Rs.10/- each |
Rs.1150.001 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
109415000 |
Equity Shares |
Rs.10/- each |
Rs.1094.150
million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
65000100 |
Equity Shares |
Rs.10/- each |
Rs.650.001 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
59415000 |
Equity Shares |
Rs.10/- each |
Rs.594.150
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
594.150 |
594.150 |
594.150 |
|
(b) Reserves & Surplus |
(163.407) |
(132.523) |
(144.912) |
|
(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) |
430.743 |
461.627 |
449.238 |
|
|
|
|
|
|
(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 |
55.827 |
28.425 |
15.522 |
|
Total Non-current Liabilities (3) |
55.827 |
28.425 |
15.522 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
507.477 |
134.613 |
111.765 |
|
(b) Trade payables |
320.044 |
294.267 |
238.828 |
|
(c) Other current liabilities |
109.066 |
70.881 |
90.437 |
|
(d) Short-term provisions |
1.396 |
28.074 |
0.744 |
|
Total Current Liabilities (4) |
937.983 |
527.835 |
441.774 |
|
|
|
|
|
|
TOTAL |
1424.553 |
1017.887 |
906.534 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
169.943 |
75.891 |
69.288 |
|
(ii) Intangible Assets |
6.408 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
2.438 |
3.773 |
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 |
287.260 |
182.891 |
124.205 |
|
(e) Other Non-current assets |
0.283 |
0.265 |
0.248 |
|
Total Non-Current Assets |
466.332 |
262.820 |
193.741 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1.609 |
2.204 |
1.121 |
|
(c) Trade receivables |
801.927 |
652.317 |
579.228 |
|
(d) Cash and cash equivalents |
8.892 |
26.628 |
66.597 |
|
(e) Short-term loans and advances |
93.078 |
64.850 |
38.949 |
|
(f) Other current assets |
52.715 |
9.068 |
26.898 |
|
Total Current Assets |
958.221 |
755.067 |
712.793 |
|
|
|
|
|
|
TOTAL |
1424.553 |
1017.887 |
906.534 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
3119.063 |
2213.048 |
|
|
|
Other Income |
|
2.901 |
0.620 |
|
|
|
TOTAL |
3693.791 |
3121.964 |
2213.668 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
74.419 |
27.084 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
|
(1.083) |
(1.121) |
|
|
|
Employee benefit expense |
|
328.539 |
223.768 |
|
|
|
Other expenses |
|
2657.492 |
1857.291 |
|
|
|
TOTAL |
3724.175 (Including
financial and depreciation) |
3059.367 |
2107.022 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
62.597 |
106.646 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
10.387 |
9.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
52.210 |
97.477 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
13.021 |
13.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(30.384) |
39.189 |
83.775 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.500 |
26.800 |
17.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(30.884) |
12.389 |
66.565 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
30.884 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
0.000 |
12.389 |
66.565 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Freight and other charges |
554.232 |
583.830 |
374.331 |
|
|
|
Commission Income |
3.799 |
2.655 |
0.000 |
|
|
TOTAL EARNINGS |
558.031 |
586.485 |
374.331 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.52) |
0.21 |
NA |
|
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image004.gif){kind=small}
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net
cash flows from (used in) operations |
(154.911) |
46.880 |
15.072 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
0.40 |
3.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
2.01 |
4.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.14) |
3.86 |
9.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
0.08 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.18 |
0.29 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.43 |
1.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
594.150 |
594.150 |
594.150 |
|
Reserves & Surplus |
-144.912 |
-132.523 |
-163.407 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
449.238 |
461.627 |
430.743 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
111.765 |
134.613 |
507.477 |
|
Total borrowings |
111.765 |
134.613 |
507.477 |
|
Debt/Equity ratio |
0.249 |
0.292 |
1.178 |
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image017.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
2213.668 |
3121.964 |
3693.791 |
|
|
|
41.031 |
18.316 |
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image019.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
2213.668 |
3121.964 |
3693.791 |
|
Profit |
66.565 |
12.389 |
(30.384) |
|
|
3.01% |
0.40% |
(0.82%) |
%20PRIVATE%20LIMITED%20-%20329645%2030-Jun-2015_files/image021.gif)
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 |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from No.803, 8th Floor, Palm Court, Sukhrali Chowk, Gurgaon – 122 001, Haryana to the present address w.e.f. 28.11.2011.
BACKGROUND:
The Company was incorporated as a limited company on 6th November
1998.
The Company’s primary activity is to provide logistics solutions to the
end customer. The Company delivers fully integrated logistics solutions
tailored to the needs of its customers. The Company’s diverse range of
logistics services include warehousing and distribution, freight forwarding,
international network solutions, supply chain and consulting.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
227.477 |
59.613 |
|
Loans repayable on demand from others |
280.000 |
75.000 |
|
Total
|
507.477 |
134.613 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10221978 |
05/01/2010 |
75,000.00 |
STANDARD CHARTERED BANK |
90, M.G. ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A77601920 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Claims against the company not acknowledged as
debts |
55.403 |
55.403 |
FIXED ASSETS:
Tangible Assets
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
·
Office Equipments
·
Leasehold Improvements
Intangible
Assets
·
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 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.63.92 |
|
UK Pound |
1 |
Rs.100.40 |
|
Euro |
1 |
Rs.70.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
- |
|
--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 |
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 |
|
30 |
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.