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|
MIRA INFORM REPORT
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Report No. : |
492000 |
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Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KSH LOGISTICS PRIVATE LIMITED (w.e.f. 03.02.2011) |
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Formerly Known
As : |
I-LOGISTICS PRIVATE LIMITED (w.e.f. 04.05.2001) KAMAL AUTOMOBILES PRIVATE LIMITED |
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Registered
Office : |
Office No.4, Commercial Complex, Survey No.846, Servants of India Society, Near Marathwada College, Pune – 410004, Maharashtra |
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Tel. No.: |
91-20-66785913 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
23.05.1995 |
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Com. Reg. No.: |
11-088703 |
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Capital
Investment / Paid-up Capital : |
INR 130.000 Million |
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CIN No.: [Company Identification
No.] |
U31101MH1995PTC088703 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCI1157L |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “KSH Distriparks Private Limited” and was
incorporated in the year 1995. Management of the company has not filed its financials of 2017 with
government department. As per available financials of 2016, the company has registered
decrease in its revenue from operation as compared to previous year and
reported losses. Rating takes into consideration company’s moderate financial risk
profile marked by negative reserves level. Rating remains constrained on account of excess of borrowings
recorded, continuously incurring losses from last three year of business
operations, and competitive nature of the warehousing industry. However, rating weakness is partially offset by experienced of its
promoters and support received to the company from its holding entity. Trade relations are reported as fair. Business is active. Payments are
slow but correct. The company can be considered for business dealings with some caution. |
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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating=BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
27.09.2017 |
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Rating Agency Name |
CARE |
|
Rating |
Short Term Rating=A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
27.09.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 14.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Nitin |
|
Designation : |
Accounts Department |
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Contact No.: |
91-20-66785913 |
|
Date : |
13.02.2018 |
(Tel. Mo.: 91-20-66785906-Ringing)
LOCATIONS
|
Registered Office : |
Office No.4, Commercial Complex, Survey No.846, Servants of India Society, Near Marathwada College, Pune – 410004, Maharashtra, India |
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Tel. No.: |
91-20-66785913/ 66785906 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
4th Floor, S.No.98/1/1/270, 3024/6, Shivaji Nagar, Vikram Nanda Deep,
Annex Senapati Bapat Road, Opposite Patrakar Nagar, Pune – 411005,
Maharashtra, India |
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Warehouse : |
Gat No.827, Vithalwadi, Nagar Road, Wagholi, Pune – 412207,
Maharashtra, India |
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Tel. No.: |
91-20-67081513 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajesh Kushal
Hegde |
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Designation : |
Whole-time Director |
|
Address : |
Buena Monte, NCL Co-Operative Housing Society, Off Pashan Road, Pune – 411008, Maharashtra, India |
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Date of Birth/Age : |
29.08.1970 |
|
Date of Appointment : |
01.04.2001 |
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DIN No.: |
00114193 |
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Name : |
Mr. Rohit Kushal Hegde |
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Designation : |
Whole-time Director |
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Address : |
Buena Monte, NCL Co-Operative Housingg Society, Off Pashan Road, Pune – 411008, Maharashtra, India |
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Date of Birth/Age : |
09.08.1974 |
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Date of Appointment : |
01.04.2001 |
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DIN No.: |
00134926 |
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Name : |
Mr. Kushal Subbayya
Hegde |
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Designation : |
Director |
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Address : |
Buena Monte, NCL Co-Operative Housingg Society, Off Pashan Road, Pune – 411008, Maharashtra, India |
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Date of Birth/Age : |
07.11.1938 |
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Date of Appointment : |
23.05.1995 |
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DIN No.: |
00135070 |
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Name : |
Mr. Akash Aman Mehta |
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Designation : |
Director |
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Address : |
14D, Ananta Building, Breach Candy, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
21.06.1974 |
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Date of Appointment : |
08.03.2013 |
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DIN No.: |
00909000 |
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Name : |
Beng Jin Lim |
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Designation : |
Director |
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Address : |
53, Hume Avenue, #02-09 Singapore 598751 SG |
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Date of Birth/Age : |
12.12.1956 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
03033101 |
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Name : |
Mr. Peter Anthony
Allen |
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Designation : |
Director |
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Address : |
BLK 40 Nassim Hill 05-42 Singapore 258474 SG |
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Date of Birth/Age : |
14.05.1955 |
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Date of Appointment : |
08.03.2013 |
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DIN No.: |
03033134 |
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Name : |
Mr. Thokur Srinivas
Chouta |
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Designation : |
Director |
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Address : |
Flat No.201, Queens Court, Road No. 3B, Kalyani Nagar, Pune – 411006, Maharashtra, India |
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Date of Birth/Age : |
18.12.1945 |
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Qualification : |
B.E. |
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Date of Appointment : |
15.01.2011 |
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DIN No.: |
03246238 |
KEY EXECUTIVES
|
Name : |
Ms. Gayatri Jayant
Kulkarni |
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Designation : |
Company Secretary |
|
Address : |
Flat No. 2, Plot No. 50, Krishna Apartments, Shridharnagar, Chinchwad, Pune – 411033, Maharashtra, India |
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Date of Appointment : |
08.12.2016 |
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PAN No.: |
BBQPK5446Q |
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Name : |
Mr. Nitin |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
KSH Distriparks Private Limited, India |
|
12999900 |
|
Kushal S. Hegde as Nominee of KSH Distriparks Private Limited |
|
100 |
|
Total |
|
13000000 |
Equity Share Break up (Percentage of Total Equity)
As on 07.11.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.99923077 |
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Promoters (Others-Kushal Hegde as Nominee of KSH Distriparks Private Limited) |
0.00076923 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 : |
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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B S R and Associates LLP Chartered Accountants |
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Address : |
701-703, 7th Floor, Godrej Castlemaine, Next To Ruby Hall Clinic, Bund Garden Road, Pune – 411001, 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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Holding Company : |
KSH Distriparks Private Limited (CIN No.: U60210PN2006PTC132062) |
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Fellow Subsidiaries
: (As on 31.03.2016) |
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Parties where KMPs
have control : (As on 31.03.2016) |
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Parties having significant
influence : (As on 31.03.2016) |
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CAPITAL STRUCTURE
After 07.11.2017
Authorised Capital : INR 150.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
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|
As on 07.11.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
130.000 |
130.000 |
130.000 |
|
(b) Reserves and Surplus |
(88.453) |
(79.734) |
(47.118) |
|
(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) |
41.547 |
50.266 |
82.882 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.012 |
38.362 |
85.863 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.738 |
0.536 |
0.431 |
|
(d) long-term
provisions |
1.387 |
0.632 |
0.000 |
|
Total Non-current
Liabilities (3) |
8.137 |
39.530 |
86.294 |
|
|
|
|
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|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
142.685 |
155.617 |
51.493 |
|
(b) Trade
payables |
22.719 |
24.905 |
37.985 |
|
(c) Other
current liabilities |
41.847 |
53.924 |
59.523 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
207.251 |
234.446 |
149.001 |
|
|
|
|
|
|
TOTAL |
256.935 |
324.242 |
318.177 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
108.088 |
145.932 |
183.149 |
|
(ii)
Intangible Assets |
0.818 |
1.238 |
1.297 |
|
(iii) Tangible assets
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 |
0.100 |
0.100 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
28.008 |
21.038 |
15.517 |
|
(e) Other
Non-current assets |
0.075 |
2.987 |
2.391 |
|
Total Non-Current
Assets |
137.089 |
171.295 |
202.354 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
84.818 |
114.839 |
76.623 |
|
(d) Cash and
bank balances |
5.459 |
6.855 |
3.579 |
|
(e) Short-term
loans and advances |
9.132 |
20.439 |
21.546 |
|
(f) Other
current assets |
20.437 |
10.814 |
14.075 |
|
Total
Current Assets |
119.846 |
152.947 |
115.823 |
|
|
|
|
|
|
TOTAL |
256.935 |
324.242 |
318.177 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
548.772 |
572.475 |
488.792 |
|
|
Other Income |
11.076 |
1.745 |
1.369 |
|
|
TOTAL |
559.848 |
574.220 |
490.161 |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
47.621 |
49.538 |
39.880 |
|
|
Other expenses |
455.422 |
490.203 |
412.901 |
|
|
TOTAL |
503.043 |
539.741 |
452.781 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
56.805 |
34.479 |
37.380 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
25.047 |
26.682 |
21.241 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.758 |
7.797 |
16.139 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.477 |
40.413 |
36.135 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(8.719) |
(32.616) |
(19.996) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(8.719) |
(32.616) |
(19.996) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
(0.67) |
(2.51) |
(2.00) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
32.707 |
47.679 |
48.307 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
67.457 |
(43.136) |
24.867 |
|
Net cash flow from operating activity |
83.439 |
(22.155) |
21.167 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
56.41 |
73.22 |
57.22 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.47 |
4.99 |
6.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.23 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.96 |
0.99 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.37 |
4.81 |
2.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.99 |
4.66 |
1.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.62 |
2.93 |
2.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.27 |
1.29 |
1.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
(1.59) |
(5.70) |
(4.09) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(3.39) |
(10.06) |
(6.28) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(20.99) |
(64.89) |
(24.13) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.58 |
0.65 |
0.78 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.58 |
0.65 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.16 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.40 |
1.86 |
1.43 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.58 |
0.65 |
0.78 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
130.000 |
130.000 |
130.000 |
|
Reserves & Surplus |
(47.118) |
(79.734) |
(88.453) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
82.882 |
50.266 |
41.547 |
|
|
|
|
|
|
Long-term borrowings |
85.863 |
38.362 |
6.012 |
|
Short term borrowings |
51.493 |
155.617 |
142.685 |
|
Current maturities of
long-term debts |
48.307 |
47.679 |
32.707 |
|
Total
borrowings |
185.663 |
241.658 |
181.404 |
|
Debt/Equity
ratio |
2.240 |
4.808 |
4.366 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
488.792 |
572.475 |
548.772 |
|
|
|
17.120 |
(4.140) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
488.792 |
572.475 |
548.772 |
|
Profit/ (Loss) |
(19.996) |
(32.616) |
(8.719) |
|
|
(4.09
%) |
(5.70
%) |
(1.59
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
Yes |
|
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 |
THE STATE OF COMPANY AFFAIRS:
(As on 31.03.2016)
The revenue is down on account of the change in the strategy of 100% pass on of the revenue of trailer division from KSH Distriparks Private Limited. To the Company due to introduction of the domestic pricing guidelines. In the current year the Company is treated as vendor by KSH Distriparks Private Limited on the arm’s length basis hence this has impacted the top line in revenue. Further company has also taken a cautious view by restricting the exposure of the transport business with traders and forwarders.
THE PROPOSED SCHEME
OF ARRANGEMENT AND AMALGAMATION (As on 31.03.2016)
On 16 June 2015, the Board of Directors of the Company approved a composite scheme of arrangement and amalgamation of the Company ("the Scheme") between KSH Distriparks Private Limited, (‘KDPL’) Kamal Diesel Private Limited (Kamal Diesel) and KSH Logistics Private Limited (‘the Company’) and their shareholders.
Under the said Scheme, KDPL has acquired 100% shareholding of Kamal Diesel on 16 June 2015. KDPL will subsequently demerge its “Contractual Services Division” and transfer it into Kamal Diesel and Kamal Diesel as a consideration, will in turn issue shares to shareholders of the KDPL in the ratio of 1 share of INR 100/- each for every 14000 equity shares held by shareholders of KDPL. Kamal Diesel will subsequently merged with the Company and as a consideration, The Company will issue 2600 fully paid up equity shares to the shareholders of Kamal Diesel for every 1 share held by them in Kamal Diesel.
The said Scheme has been approved by the Hon’ble Bombay High Court on 1 April 2016. The certified copy of the order is not filed with Registrar of Companies (ROC) within the stipulated period of time as the management based on certain strategic decision is evaluating possibilities. Based on assessment the approved scheme would be filed with the ROC after taking necessary steps mentioned in the Companies Act, 1956/2013 or application would be made for annulment of the scheme.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G63682736 |
100135152 |
HDFC BANK LIMITED |
02/11/2017 |
- |
- |
1875000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West Mumbai MAHARASHTRA 400013 INDIA |
|
2 |
G54168687 |
100124514 |
ICICI BANK LIMITED |
16/09/2017 |
- |
- |
30030000.0 |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road Vadodara GUJARAT 390007 INDIA |
|
3 |
G54842299 |
100125328 |
HDFC BANK LIMITED |
23/08/2017 |
- |
- |
3647000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West Mumbai MAHARASHTRA 400013 INDIA |
|
4 |
G39660378 |
100078752 |
The Federal Bank Limited |
29/10/2016 |
06/03/2017 |
- |
167500000.0 |
Arihant', 1187/26, Ghole Road, Near Balagandharva Square Pune MAHARASHTRA 411005 INDIA |
|
5 |
G35435205 |
10535503 |
THE COSMOS CO-OPERATIVE BANK LTD. |
13/11/2014 |
28/12/2016 |
- |
7500000.0 |
H.O.269/270, COSMOS HEIGHTS, SHANIWAR PETH PUNE Pune MAHARASHTRA 411030 INDIA |
|
6 |
G76069285 |
10476077 |
HDFC BANK LIMITED |
18/01/2014 |
- |
02/02/2018 |
455000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West Mumbai MAHARASHTRA 400013 INDIA |
|
7 |
G76049881 |
10476076 |
HDFC BANK LIMITED |
18/01/2014 |
- |
02/02/2018 |
2720100.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West Mumbai MAHARASHTRA 400013 INDIA |
|
8 |
G74020710 |
10472751 |
ICICI BANK LIMITED |
30/12/2013 |
- |
11/01/2018 |
4157800.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
9 |
G72874266 |
10470469 |
ICICI BANK LIMITED |
19/12/2013 |
- |
27/12/2017 |
3500000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
10 |
G71144919 |
10466759 |
ICICI BANK LIMITED |
30/11/2013 |
- |
13/12/2017 |
14000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
FIXED ASSETS
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer 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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.