|
|
|
MIRA INFORM REPORT
|
Report No. : |
484766 |
|
Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.4/5, Ground Floor, Adarsh Industrial Estate, Chakala, Sahar
Cargo Road, Andheri (East), Mumbai – 400099, Maharashtra |
|
Tel. No.: |
91-22-49261500 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
04.01.2010 |
|
|
|
|
Com. Reg. No.: |
11-198394 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.326 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U62100MH2010PTC198394 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR5897D |
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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
: |
The Company is engaged in the business of freight forwarding services and custom house agent related activities along with providing warehousing facilities. (Registered Activity) |
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 461000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2010. For the financial year 2017, the company has achieved revenue growth
of 4.41% as compared to the previous year but has reported a low profit
margin of 0.12%. The sound financial risk profile of the company is marked by adequate
networth base along with negligible debt balance sheet profile. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 09.01.2018
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. Kamlesh |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-49261500 |
|
Date : |
05.01.2018 |
LOCATIONS
|
Registered Office : |
Unit No.4/5, Ground Floor, Adarsh Industrial Estate, Chakala, Sahar
Cargo Road, Andheri (East), Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-49261500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anil Mohanlal Vazirani |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
4-B, Sett Minar, 14-A, Pedder Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
14.08.1954 |
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Qualification : |
MBA |
||||||||||||||||||||||||||||
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Date of Appointment : |
01.04.2010 |
||||||||||||||||||||||||||||
|
PAN No.: |
AABPV8641B |
||||||||||||||||||||||||||||
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DIN No.: |
00066575 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Ms. Rhea Anil Vazirani |
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|
Designation : |
Director |
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|
Address : |
B-4, Sett Minar, 16A Peddar Road, Opposite Jaslok Hospital, Mumbai – 400026, Maharashtra, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
06.09.1978 |
||||||||||||||||||||||||||||
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Qualification : |
MBA |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
||||||||||||||||||||||||||||
|
PAN No.: |
ABFPV1864K |
||||||||||||||||||||||||||||
|
DIN No.: |
01282333 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Kamlesh |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Suchitra A. Vazirani |
|
736480 |
|
Anil M. Vazirani |
|
736150 |
|
Prem F. Vazirani |
|
175 |
|
Saju P. Vazirani |
|
175 |
|
Aditya Vazirani |
|
679829 |
|
Rhea Vazirani |
|
679800 |
|
Total |
|
2832609 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of freight forwarding services and custom house agent related activities along with providing warehousing facilities. (Registered Activity) |
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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
|
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 : |
|
|
Name : |
B. K. Khare and Company Chartered Accountants |
|
Address : |
706-708, Sharda Chambers, New Marine Lines, Mumbai – 400020, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB0265E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Party where control
exists: Subsidiary Companies : |
|
|
|
|
|
Other related
parties : Entities over which the Key managerial personnel or their relatives
exercises significant influence : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2832609 |
Equity Shares |
INR 10/- each |
INR 28.326
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28.326 |
28.326 |
28.326 |
|
(b) Reserves and Surplus |
133.034 |
131.443 |
120.727 |
|
(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) |
161.360 |
159.769 |
149.053 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.651 |
3.361 |
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 |
12.013 |
9.883 |
0.869 |
|
Total Non-current
Liabilities (3) |
18.664 |
13.244 |
0.869 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
42.560 |
54.346 |
56.870 |
|
(b) Trade
payables |
50.650 |
39.695 |
75.673 |
|
(c) Other
current liabilities |
121.179 |
83.394 |
44.223 |
|
(d) Short-term
provisions |
0.223 |
0.255 |
8.063 |
|
Total Current
Liabilities (4) |
214.612 |
177.690 |
184.829 |
|
|
|
|
|
|
TOTAL |
394.636 |
350.703 |
334.751 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
16.696 |
19.946 |
12.806 |
|
(ii)
Intangible Assets |
1.490 |
2.667 |
3.963 |
|
(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 |
14.308 |
23.332 |
28.919 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
40.784 |
66.568 |
57.094 |
|
(e) Other
Non-current assets |
0.142 |
0.069 |
0.857 |
|
Total Non-Current
Assets |
73.420 |
112.582 |
103.639 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.075 |
0.075 |
0.075 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
215.303 |
180.541 |
160.318 |
|
(d) Cash and
bank balances |
52.331 |
35.512 |
30.879 |
|
(e) Short-term
loans and advances |
22.904 |
12.030 |
22.189 |
|
(f) Other
current assets |
30.603 |
9.963 |
17.651 |
|
Total
Current Assets |
321.216 |
238.121 |
231.112 |
|
|
|
|
|
|
TOTAL |
394.636 |
350.703 |
334.751 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1307.863 |
1252.671 |
1024.117 |
|
|
Other Income |
15.865 |
16.489 |
17.748 |
|
|
TOTAL |
1323.728 |
1269.160 |
1041.865 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
-- |
-- |
755.620 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
124.882 |
146.916 |
141.385 |
|
|
Other expenses |
1157.501 |
1083.806 |
114.071 |
|
|
TOTAL |
1282.383 |
1230.722 |
1011.076 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
41.345 |
38.438 |
30.789 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.900 |
4.743 |
7.167 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.445 |
33.695 |
23.622 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.127 |
18.792 |
54.205 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
14.318 |
14.903 |
(30.583) |
|
|
|
|
|
|
|
Less |
TAX |
12.727 |
4.189 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.591 |
10.714 |
(30.583) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
229.484 |
243.042 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.56 |
3.78 |
(10.80) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
60.09 |
52.61 |
57.14 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.07 |
6.94 |
6.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
36.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.27 |
1.70 |
1.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.52 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.30 |
0.36 |
0.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.33 |
1.11 |
1.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.14 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
10.60 |
8.10 |
4.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.12 |
0.86 |
(2.99) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.40 |
3.06 |
(9.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.99 |
6.71 |
(20.52) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
1.34 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.50 |
1.34 |
1.25 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.46 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.74 |
2.04 |
2.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
1.34 |
1.25 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
28.326 |
28.326 |
28.326 |
|
Reserves & Surplus |
120.727 |
131.443 |
133.034 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
149.053 |
159.769 |
161.360 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
3.361 |
6.651 |
|
Short term borrowings |
56.870 |
54.346 |
42.560 |
|
Total
borrowings |
56.870 |
57.707 |
49.211 |
|
Debt/Equity
ratio |
0.382 |
0.361 |
0.305 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1024.117 |
1252.671 |
1307.863 |
|
|
|
22.317 |
4.406 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1024.117 |
1252.671 |
1307.863 |
|
Profit/ (Loss) |
(30.583) |
10.714 |
1.591 |
|
|
(2.99
%) |
0.86
% |
0.12
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28.326 |
28.326 |
|
(b) Reserves &
Surplus |
|
121.373 |
107.349 |
|
(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) |
|
149.699 |
135.675 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.651 |
3.361 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
12.013 |
9.883 |
|
Total Non-current
Liabilities (3) |
|
18.664 |
13.244 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
42.560 |
54.346 |
|
(b) Trade payables |
|
49.215 |
76.306 |
|
(c) Other current
liabilities |
|
121.639 |
48.518 |
|
(d) Short-term provisions |
|
0.223 |
0.255 |
|
Total Current Liabilities
(4) |
|
213.637 |
179.425 |
|
|
|
|
|
|
TOTAL |
|
382.000 |
328.344 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
16.695 |
20.003 |
|
(ii) Intangible Assets |
|
1.490 |
2.667 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.088 |
0.170 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
40.818 |
66.569 |
|
(e) Other Non-current assets |
|
0.142 |
0.069 |
|
Total Non-Current Assets |
|
59.233 |
89.478 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.075 |
0.075 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
216.427 |
182.804 |
|
(d) Cash and cash
equivalents |
|
52.771 |
36.185 |
|
(e) Short-term loans and
advances |
|
23.169 |
9.857 |
|
(f) Other current assets |
|
30.325 |
9.945 |
|
Total Current Assets |
|
322.767 |
238.866 |
|
|
|
|
|
|
TOTAL |
|
382.000 |
328.344 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1313.385 |
1266.027 |
|
|
Other Income |
|
17.157 |
40.529 |
|
|
TOTAL |
|
1330.542 |
1306.556 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1077.497 |
1028.622 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employees benefits
expense |
|
128.174 |
163.396 |
|
|
Other expenses |
|
69.371 |
59.384 |
|
|
TOTAL |
|
1275.042 |
1251.402 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
55.500 |
55.154 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
3.791 |
4.904 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
51.709 |
50.250 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
23.180 |
18.792 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
28.529 |
31.458 |
|
|
|
|
|
|
|
Less |
TAX |
|
12.728 |
4.189 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
15.801 |
27.269 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5.58 |
9.63 |
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 |
Yes |
|
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 |
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: As confirmed by management that the registered office of the company has been shifted from “1st Floor, Canara Bank Building, 15/17, Adi Marzban Path, Ballard Estate, Mumbai – 400001, Maharashtra, India” to the present address but the same has not been updated in the Government Registry.
FINANCIAL REVIEW:
During the year, the Revenue from operations of the Company stood at INR 1307.863 Million, as against the previous year’s INR 1252.671 Million, i.e. an increase of 4.41% over the previous year. The growth in the revenue is largely accredited to increase in freight forwarding and custom house services.
The expenditure stood at INR 1309.410 Million, which was higher than previous year INR 1254.257 Million. The Profit Before tax (PBT) stood at INR 14.318 Million, which showed decrease of 3.93% over the previous year of INR 14.903 Million.
FUTURE OUTLOOK
The Directors will continue to put their best efforts in mobilizing these opportunities from the growing economy in increasing the revenue and profits of the Company for the financial year 2017-18. The Directors are committed and confident that the Company’s operations and costs will continue to be efficiently managed and repeat the high performance in the financial year 2017-18.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
26.149 |
53.649 |
|
|
|
|
|
Total |
26.149 |
53.649 |
INDEX
OF CHARGES
No Charges Exists for Company
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the Company not acknowledged as debts |
1.548 |
2.731 |
FIXED ASSETS
Tangible Assets
- Land
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,
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 63.34 |
|
|
1 |
INR 85.88 |
|
Euro |
1 |
INR 76.15 |
INFORMATION DETAILS
|
Information Gathered
by : |
SWE |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
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.