MIRA INFORM REPORT
|
Report No. : |
310734 |
|
Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AXIS CARRIERS AND LOGISTICS LIMITED |
|
|
|
|
Formerly Known
As : |
AXIS CARRIERS AND LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
803/B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar [East], Mumbai –
400075, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
28.11.2002 |
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Com. Reg. No.: |
11-138035 |
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Capital
Investment / Paid-up Capital : |
Rs. 17.479 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U63090MH2002PLC138035 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCA9585A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Road Transport Services of freight by tank trucks or semitrailers. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with government
department for the year 2014. Further 23 AC documents for the year 2013 could
not be made available from any source. As per previous financial record of 2012, the company has incurred
loss from its operational activities. As per the status in the Registrar of Companies appears to be active.
Payments are reported to be unknown. The company can be considered for business dealings on safe and
secured 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.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-22-25974501]
LOCATIONS
|
Registered Office : |
803/B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar [East], Mumbai –
400075, Maharashtra, India |
|
Tel. No.: |
91-22-25974501/ 3/ 4/ 25894221 |
|
Fax No.: |
91-25971784 |
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E-Mail : |
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Workshop : |
Owla Village, Near Shriram Hospital, Ghodbunder, Thane – 400607, Maharashtra, India |
DIRECTORS
AS ON 13.09.2013
|
Name : |
Mr. Anil Champaklalji Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1954 |
|
Date of Appointment : |
28.11.2002 |
|
PAN No.: |
AAEPB9443Q |
|
DIN No.: |
00475692 |
|
|
|
|
Name : |
Mr. Sunil Champaklalji Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1955 |
|
Date of Appointment : |
28.11.2002 |
|
PAN No.: |
AABPB4559J |
|
DIN No.: |
00475758 |
|
|
|
|
Name : |
Mr. Rahul Anil Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1979 |
|
Date of Appointment : |
28.11.2002 |
|
PAN No.: |
ADDPB9710G |
|
DIN No.: |
00475818 |
|
|
|
|
Name : |
Mrs. Jaya Anil Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
21.06.2008 |
|
PAN No.: |
AABPB4558K |
|
DIN No.: |
00476074 |
|
|
|
|
Name : |
Mrs. Chhaya Sunil Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1963 |
|
Date of Appointment : |
21.06.2008 |
|
PAN No.: |
AGHPB1937A |
|
DIN No.: |
00476418 |
|
|
|
|
Name : |
Mr. Amit Anil Bamb |
|
Designation : |
Director |
|
Address : |
803-B, Kukreja Palace, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1984 |
|
Date of Appointment : |
21.06.2008 |
|
PAN No.: |
AHQPB0761J |
|
DIN No.: |
01967583 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anil Champaklalji Bamb |
|
16550 |
|
Sunil Champaklalji Bamb |
|
8600 |
|
Rahul Anil Bamb |
|
16800 |
|
Chhaya Sunil Bamb |
|
10 |
|
Neha Bamb |
|
10 |
|
Sunil Champaklalji Bamb Karta and Manager of Sunil Champaklalji Bamb HUF |
|
10 |
|
Amit Anil Bamb |
|
17010 |
|
Anil Champaklalji Bamb Karta and Manager of Anil Champaklalji Bamb HUF |
|
18910 |
|
Siddhant S. Bamb |
|
45010 |
|
Niti S. Bamb |
|
10 |
|
Jaya Anil Bamb |
|
17760 |
|
Shanta C. Bamb |
|
10 |
|
Ashnil Movers Private Limited, India |
|
100 |
|
Meghna Amit Bamb |
|
17000 |
|
Meghna Rahul Bamb |
|
17000 |
|
|
|
|
|
Total |
|
174790 |
AS ON 13.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Road Transport Services of freight by tank trucks or semitrailers. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India · ING Vysya Bank Limited 22, M G Road, Bangalore - 560001, Karnataka, India · Citi Bank N.A. |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· SREI Equipment Finance Private Limited 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India · Reliance Capital Limited "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India · GE Capital Transportation Financial Services Limited Aifacs Building, 1, Rafi Marg, New Delhi - 110001, Delhi, India |
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Auditors : |
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|
Name : |
C.D. Jain and Company Chartered Accountants |
|
Address : |
704, B Centre Points, Opposite TMC Office, Panchpakhadi, Thane (West)
– 400602, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACXPJ1560D |
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Ashnil Movers Private Limited [U63010MH1984PTC034806] · Balaji Enterprises · Axis Automobiles ·
Ashmin Products |
CAPITAL STRUCTURE
AFTER 13.09.2013
Authorised Capital : Rs. 100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 38.279
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
174,790 |
Equity Shares |
Rs. 100/- each |
Rs. 17.479 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
17.479 |
2.479 |
|
(b) Reserves & Surplus |
|
34.352 |
34.900 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
51.831 |
37.379 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
315.485 |
319.109 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
2.347 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
315.485 |
321.456 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
355.081 |
279.986 |
|
(b)
Trade payables |
|
52.140 |
43.232 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
2.752 |
5.400 |
|
Total
Current Liabilities (4) |
|
409.973 |
328.618 |
|
|
|
|
|
|
TOTAL |
|
777.289 |
687.453 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
431.141 |
439.647 |
|
(ii)
Intangible Assets |
|
0.218 |
0.000 |
|
(iii)
Capital work-in-progress |
|
16.877 |
8.057 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.847 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.836 |
0.825 |
|
(e)
Other Non-current assets |
|
17.527 |
0.635 |
|
Total
Non-Current Assets |
|
467.446 |
449.164 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2.944 |
0.798 |
|
(c)
Trade receivables |
|
263.080 |
184.170 |
|
(d)
Cash and cash equivalents |
|
12.979 |
6.897 |
|
(e)
Short-term loans and advances |
|
30.840 |
46.424 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
309.843 |
238.289 |
|
|
|
|
|
|
TOTAL |
|
777.289 |
687.453 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.479 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
29.117 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.596 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
298.294 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
298.294 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
329.890 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
136.011 |
|
|
Capital work-in-progress |
|
|
31.101 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.482 |
|
|
Sundry Debtors |
|
|
121.398 |
|
|
Cash & Bank Balances |
|
|
12.666 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
54.691 |
|
Total
Current Assets |
|
|
190.237 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.793 |
|
|
Other Current Liabilities |
|
|
0.993 |
|
|
Provisions |
|
|
3.673 |
|
Total
Current Liabilities |
|
|
27.459 |
|
|
Net Current Assets |
|
|
162.778 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
329.890 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1457.429 |
1000.752 |
654.965 |
|
|
|
Other Income |
12.936 |
10.498 |
6.710 |
|
|
|
TOTAL (A) |
1470.365 |
1011.250 |
661.675 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
0.000 |
0.000 |
83.834 |
|
|
|
Manufacturing service costs |
0.000 |
0.000 |
3.286 |
|
|
|
Employees benefits expense |
94.387 |
48.495 |
21.501 |
|
|
|
Other expenses |
1141.178 |
799.544 |
537.621 |
|
|
|
TOTAL (B) |
1235.565 |
848.039 |
646.242 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
234.800 |
163.211 |
15.433 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
71.331 |
40.412 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
163.469 |
122.799 |
15.433 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
174.716 |
113.674 |
5.442 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(11.247) |
9.125 |
9.991 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(2.573) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(11.247) |
9.125 |
12.564 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(64.35) |
368.09 |
506.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(0.77) |
0.91 |
1.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.11 |
16.31 |
2.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.48) |
1.34 |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22) |
0.24 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
12.94 |
16.03 |
9.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76 |
0.73 |
6.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.479 |
17.479 |
|
Reserves & Surplus |
34.900 |
34.352 |
|
Net
worth |
37.379 |
51.831 |
|
|
|
|
|
Long-term borrowings |
319.109 |
315.485 |
|
Short term borrowings |
279.986 |
355.081 |
|
Total
borrowings |
599.095 |
670.566 |
|
Debt/Equity ratio |
16.028 |
12.938 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
654.965 |
1000.752 |
1457.429 |
|
|
|
52.795 |
45.633 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
654.965 |
1000.752 |
1457.429 |
|
Profit/ (Loss) |
12.564 |
9.125 |
(11.247) |
|
|
1.92% |
0.91% |
(0.77%) |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10455371 |
22/09/2013 |
2,344,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B87663944 |
|
2 |
10451576 |
22/08/2013 |
1,604,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B85954022 |
|
3 |
10424948 |
16/03/2013 |
81,430,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74830316 |
|
4 |
10378130 |
14/09/2012 |
29,540,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B58743139 |
|
5 |
10375695 |
04/09/2012 |
30,097,950.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B57778359 |
|
6 |
10372817 |
02/07/2012 |
21,068,565.00 |
ING VYSYA BANK LIMITED |
22, M G ROAD, BANGALORE, BANGALORE, KARNATAKA - 560001, INDIA |
B56479157 |
|
7 |
10343437 |
27/01/2012 |
27,784,290.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B35550938 |
|
8 |
10304845 |
20/08/2011 |
16,590,210.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B19888312 |
|
9 |
10302826 |
28/06/2011 |
26,780,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B19040500 |
|
10 |
10299303 |
22/06/2011 |
53,845,340.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B17712415 |
|
11 |
10278721 |
03/03/2011 |
26,565,485.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B10083970 |
|
12 |
10275946 |
02/02/2011 |
22,543,365.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B09095829 |
|
13 |
10259322 |
29/11/2010 |
11,250,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B02587228 |
|
14 |
10259318 |
09/11/2010 |
15,658,460.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B02587038 |
|
15 |
10247328 |
16/10/2010 |
21,826,870.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A97117154 |
|
16 |
10247326 |
08/10/2010 |
6,015,210.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A97116818 |
|
17 |
10213543 |
08/04/2010 |
5,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A83544809 |
|
18 |
10208927 |
05/03/2010 |
7,174,325.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A81805442 |
|
19 |
10209492 |
23/02/2010 |
2,889,032.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A82097320 |
|
20 |
10209493 |
23/02/2010 |
2,889,032.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A82097668 |
|
21 |
10188700 |
30/06/2014 * |
282,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C12266656 |
|
22 |
10179781 |
29/09/2009 |
1,806,590.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A70552542 |
|
23 |
10180789 |
22/09/2009 |
930,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A70971999 |
|
24 |
10178574 |
21/08/2009 |
2,345,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A70051792 |
|
25 |
10178581 |
01/08/2009 |
7,760,370.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A69932523 |
|
26 |
10169423 |
15/07/2009 |
2,739,694.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A66507567 |
|
27 |
10169424 |
15/07/2009 |
2,739,694.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A66508540 |
|
28 |
10169425 |
15/07/2009 |
2,739,694.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A66509365 |
|
29 |
10169426 |
15/07/2009 |
2,739,694.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A66509639 |
|
30 |
10168159 |
09/07/2009 |
2,747,122.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A66111808 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
0.500 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
12.698 |
28.682 |
|
|
|
|
|
Total |
13.198 |
28.682 |
PERFORMANCE
This is the Tenth year of company’s operation during the year company has achieved Gross Receipts of Rs.1470.366 Millions as against Rs.1011.250 Millions in previous year which is increase by 45.40/- as compared to previous year. The Company has incurred Loss on account of unabsorbed depreciation of Rs.11.246 Millions as compared to Net Profit after Tax of Rs.7.109 Millions in the previous year. These loss occur in current year due to excess of depreciation.
During the year company has provided depreciation of Rs.174.716 Millions as compared to 113.674 Millions in the previous year which is increase by 53.74% as compared to previous year with these results the EbiDATA 1631.82 which is increase by 43.25%.
These results achieved by the company despite the slowdown of economy and continues recession of the economy and specifically in automobile industry where your company doing transportation.
Due to the aforesaid reason company has not declare any
Dividend.
FUTURE OUTLOOK
The Directors are looking present transport scenario of business
is uncertain due to recession and due to diesel Prices and other overheads it
is unpredictable though Directors are trying their best to improvement of
working and expansion of business by inducting the new vehicles continuously
and earning cash profits regularly.
FIXED ASSETS:
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
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 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. 61.85 |
|
|
1 |
Rs. 94.96 |
|
Euro |
1 |
Rs. 69.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
16 |
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.