|
|
|
MIRA INFORM REPORT
|
Report No. : |
493665 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSYSTEM LOGISTICS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Transport House, 57/58, 2nd Cross, 2nd Floor, Kalasi-Palyam
New Extension, Bangalore - 560002, Karnataka |
|
Tel. No.: |
91-80-66795000 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
15.02.1999 |
|
|
|
|
Com. Reg. No.: |
08-024769 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 80.002 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63023KA1999PTC024769 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AABCT1806F1ZK |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCT1806F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Company is engaged in providing logistics solution including planning, transportation, cross docking, distribution and other related services. (Registered activity and also confirmed by management) |
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|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1999. It is a subsidiary of Mitsui & Co. Ltd, Japan which holds 51% stake in the company and remaining 49% stake are held by Transport Corporation of India Limited, India. The company is engaged in providing logistic solution including planning transportation and cross docking. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. As per the financial of 2016, the company has achieved a fair profitability margin of 7.34% but has reported a decline in its revenue as compared to the previous year. The company possesses sound financial profile marked by healthy net worth base along with negligible debt balance sheet profile and adequate liquidity position. Rating takes into consideration, the long establishment of the company and the strength that the company derives from its holding company and its experienced management team. Business is active. Payment seems to be usually correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
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
31-03-2016.
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 24.02.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anup |
|
Designation : |
General Manager |
|
Contact No.: |
91-9741300404 |
|
Date : |
24.02.2018 |
LOCATIONS
|
Registered Office : |
Transport House, 57/58, 2nd Cross, 2nd Floor,
Kalasi-Palyam New Extension, Bangalore - 560002, Karnataka, India |
|
Tel. No.: |
91-80-66795000 |
|
Mobile No.: |
91-9741300404 (Mr. Anup) |
|
Fax No.: |
91-80-66795002 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
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Head Office : |
Plot No 68, 2nd Phase, Bidadi Industrial Area, Bidadi, Bangalore –
562109, Karnataka, India |
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Branch Office: |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vineet Agarwal |
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Designation : |
Director |
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Address : |
19, Olof Palme Marg, Vasant Vihar, New Delhi - 110057, India |
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Date of Birth/Age : |
16.09.1973 |
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Date of Appointment : |
01.04.2006 |
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DIN No.: |
00380300 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jasjit Singh Sethi |
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|
Designation : |
Director |
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Address : |
House No. 102, Tower 8, Uniworld Gardens, Sohna Road, Gurgaon-122001,
Haryana, India |
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Date of Birth/Age : |
20.08.1967 |
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Date of Appointment : |
11.05.2010 |
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DIN No.: |
01554675 |
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Other Directorship:
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Name : |
Mr. Masataka Nishizaki |
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Designation : |
Director |
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Address : |
7-12-102 Kohinata, 4 - Chome Bunkyo - Ku, Tokyo - 1 120006, Japan |
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Date of Birth/Age : |
25.03.1963 |
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Date of Appointment : |
12.07.2012 |
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DIN No.: |
05104312 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Tadashi Matsumaru |
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|
Designation : |
Director |
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Address : |
Service Apartment Room No 207-208, Empire Estate Mg Road,
Su Ltanpur, New Delhi – 110030, India |
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|
Date of Appointment : |
04.02.2016 |
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DIN No.: |
07381422 |
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rui Nakatani |
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Designation : |
Director |
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Address : |
2-14-12-501, Kinuta, Setagaya-Ku Tokyo 1570073 Japan |
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Date of Appointment : |
15.05.2017 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
07813382 |
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KEY EXECUTIVES
|
Name : |
Mr. Sagar Mal Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
A-405, Wilson Manor Apartments, Wilson Garden, 13th Cross,
Bangalore-560027, Karnataka, India |
|
Date of Birth/Age : |
22.07.1961 |
|
Date of Appointment : |
02.08.1999 |
|
PAN No.: |
ADBPA5285H |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vineet Agarwal |
100 |
0.00 |
|
Mitsui and Company Limited, Japan |
4080100 |
51.00 |
|
Transport Corporation of India Limited, India |
3920000 |
49.00 |
|
Total |
8000200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 11.05.2016
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in providing logistics solution including planning, transportation, cross docking, distribution and other related services. (Registered activity and also confirmed by management) |
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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 : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore -
560025, Karnataka, India |
|
Tel. No.: |
91-80-66276000 |
|
Fax No.: |
91-80-66276011 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD3771D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Joint venture: |
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Fellow Subsidiary Company: |
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CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000200 |
Equity Shares |
INR 10/- each |
INR 80.002 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
80.002 |
80.002 |
80.002 |
|
(b) Reserves and Surplus |
1168.031 |
1075.864 |
943.129 |
|
(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) |
1248.033 |
1155.866 |
1023.131 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.450 |
36.413 |
83.031 |
|
(b) Deferred tax liabilities (Net) |
13.653 |
12.313 |
9.905 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
9.021 |
7.546 |
6.061 |
|
Total Non-current
Liabilities (3) |
29.124 |
56.272 |
98.997 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
177.160 |
212.791 |
181.082 |
|
(c) Other current
liabilities |
70.145 |
83.530 |
115.054 |
|
(d) Short-term
provisions |
50.806 |
117.174 |
94.267 |
|
Total Current
Liabilities (4) |
298.111 |
413.495 |
390.403 |
|
|
|
|
|
|
TOTAL |
1575.268 |
1625.633 |
1512.531 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
629.495 |
633.039 |
695.876 |
|
(ii)
Intangible Assets |
2.451 |
3.182 |
3.532 |
|
(iii) Tangible assets
capital work-in-progress |
3.184 |
0.235 |
2.394 |
|
(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 loans and advances |
5.056 |
4.936 |
7.272 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
640.186 |
641.392 |
709.074 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.778 |
0.000 |
0.000 |
|
(c) Trade receivables |
164.908 |
186.784 |
200.098 |
|
(d) Cash and
bank balances |
624.158 |
475.533 |
437.627 |
|
(e)
Short-term loans and advances |
25.423 |
24.972 |
24.833 |
|
(f) Other
current assets |
115.815 |
296.952 |
140.899 |
|
Total
Current Assets |
935.082 |
984.241 |
803.457 |
|
|
|
|
|
|
TOTAL |
1575.268 |
1625.633 |
1512.531 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3218.674 |
3518.587 |
3165.365 |
|
|
Other Income |
57.926 |
34.374 |
60.106 |
|
|
TOTAL |
3276.600 |
3552.961 |
3225.471 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
43.663 |
38.705 |
31.974 |
|
|
CSR expenditure |
6.978 |
3.483 |
0.000 |
|
|
Other expenses |
2781.215 |
3002.062 |
2740.643 |
|
|
TOTAL |
2831.856 |
3044.250 |
2772.617 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
444.744 |
508.711 |
452.854 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.362 |
13.137 |
18.432 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
438.382 |
495.574 |
434.422 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
73.527 |
74.250 |
76.833 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
364.855 |
421.324 |
357.589 |
|
|
|
|
|
|
|
Less |
TAX |
128.640 |
145.408 |
119.225 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
236.215 |
275.916 |
238.364 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29.526 |
34.489 |
29.795 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
29.962 |
46.618 |
63.293 |
|
Cash generated from operations |
579.795 |
363.189 |
447.359 |
|
Net cash flows from (used in) operations |
434.469 |
240.680 |
324.040 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
18.70 |
19.38 |
23.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
19.52 |
18.84 |
15.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
93.08 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.70 |
0.80 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.21 |
0.31 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.07 |
0.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.24 |
0.36 |
0.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.55 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
69.91 |
38.72 |
24.57 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.34 |
7.84 |
7.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
15.00 |
16.97 |
15.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.93 |
23.87 |
23.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.14 |
2.38 |
2.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.12 |
2.38 |
2.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.79 |
0.71 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.46 |
1.04 |
1.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.14 |
2.38 |
2.06 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
80.002 |
80.002 |
80.002 |
|
Reserves & Surplus |
943.129 |
1075.864 |
1168.031 |
|
Net
worth |
1023.131 |
1155.866 |
1248.033 |
|
|
|
|
|
|
Long-term borrowings |
83.031 |
36.413 |
6.450 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
63.293 |
46.618 |
29.962 |
|
Total
borrowings |
146.324 |
83.031 |
36.412 |
|
Debt/Equity
ratio |
0.143 |
0.072 |
0.029 |
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 |
3165.365 |
3518.587 |
3218.674 |
|
|
0.000 |
11.159 |
(8.524) |
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 |
3165.365 |
3518.587 |
3218.674 |
|
Profit/ (Loss) |
238.364 |
275.916 |
236.215 |
|
|
7.53
% |
7.84
% |
7.34
% |
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 |
Yes |
|
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The company was incorporated as a Private Limited Company under the provisions of Company’s Act 1956. The Company is a joint venture between Mitsui & Co. Ltd., Japan (MITSUI) (51% stake) and Transport Corporation of India Ltd (TCI) (49% stake). The Company is engaged in providing logistics solution including planning, transportation, cross docking, distribution and other related services.
ANALYSIS OF COMPANYS
AFFAIRS: PRESENT VS. FUTURE
The Companys operations predominantly involve various logistics services to M/s Toyota Kirloskar Motors Private Limited (TKM). During the last quarter of the fiscal year 2015-16, TKM phased out present Innova and there was resultant lower production of cars in this quarter which directly impacted Companys revenues. Moreover, substantial reduction in diesel price during the fiscal year and the restrictions imposed in NCR area on registration of more than 2000CC car during the last quarter of the fiscal year are yet other contributing factors for the decline in the revenues. When compared with the last years performance, there is reduction in revenues arisen to the Company from TKM revenue but from non-TKM operations there is some increase, thereby, curtailing the overall de-growth to 7.78%.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B69129104 |
10406904 |
HDFC BANK LIMITED |
18/02/2013 |
- |
- |
23000215.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
B64681208 |
10393409 |
ICICI BANK LIMITED |
30/11/2012 |
- |
- |
14447480.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
3 |
B42063222 |
10361694 |
HDFC BANK LIMITED |
14/06/2012 |
- |
- |
20090226.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B32829798 |
10337244 |
HDFC BANK LIMITED |
10/02/2012 |
- |
- |
24241267.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
A76400571 |
10196890 |
HDFC BANK LIMITED |
12/12/2009 |
- |
- |
1864000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G50914324 |
10328977 |
ICICI BANK LIMITED |
30/11/2011 |
- |
14/08/2017 |
8499492.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
G34989335 |
10336452 |
ICICI BANK LIMITED |
20/01/2012 |
- |
16/01/2017 |
53533200.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
8 |
G13869599 |
10300093 |
HDFC BANK LIMITED |
30/06/2011 |
- |
21/09/2016 |
27554227.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
G12611349 |
10367393 |
ICICI BANK LIMITED |
25/08/2011 |
- |
08/09/2016 |
8046085.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
10 |
G01649318 |
10276540 |
HDFC BANK LIMITED |
07/03/2011 |
- |
06/04/2016 |
12862635.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
- Leasehold Buildings
- Motor Trucks and Trailers
- Plant and Machinery
- Motor Cars and Scooters
- Computers
- Furniture and Fittings
- Office 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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
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.