|
|
|
MIRA INFORM REPORT
|
Report No. : |
487276 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AVVASHYA CCI LOGISTICS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CCI INTEGRATED LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201, A Wing, Avashya House, CST Road, Kalina, Santacruz
(East), Mumbai - 400098, Maharashtra |
|
Tel. No.: |
91-22-66798100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
14.02.2015 |
|
|
|
|
Com. Reg. No.: |
11- 261865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 21.684 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2015PTC261865 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the business of providing integrated logistics solutions comprises
of Freight Forwarding, Custom Clearance and Contract Logistics services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 570000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2015. For the financial year 2016, the company has earned revenue of INR 772.000 million along with fair profit margin of 17.62%. The satisfactory financial profile of the company is marked by adequate networth base along with strong debt coverage indicators due to debt free balance sheet profile. Rating takes into consideration equity infused by its promoters. The company has decent earning per shares (EPS) of INR 62.76 against the face value (FV) of INR 10. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note 1: Scheme of arrangement (Demerger) between CCI Logistics Limited and CCI Integrated Logistics Private Limited the scheme of arrangement (Demerger) (the scheme) between M/s CCI Logistics Limited (Demerged Company) and M/s CCI Integrated Logistics Private Limited (Presently Avvashya CCI Logistics Private Limited) which inter alia, envisaged for the demerger of warehouse division and CCFF division, into the subject company was approved by the Board of Directors in their meeting held on April 8,2015. The scheme received the sanction of the Hon’ble High Court of Judicature at Bombay vide its order dated October 30, 2015 and the Hon’ble High Court of Judicature at Kolkata February 17, 2016 and the scheme came into effect from April, 19 2016. Subsequent thereto, the transfer of four demerged undertakings of demerged company into the subject company with effect from the appointed date, April 1, 2015 has been completed. Pursuant to scheme of demerger, the existing shareholders, of the demerged company have been allotted 1 equity shares of INR 10/- each of the subject company for 1 equity shares of INR 10/- each held in CCI Logistics Limited, whose name stood recorded in the Register of Members as on April 1, 2015. The difference of net value assets and liabilities of the demerged undertaking transferred to the resultant company has been debited to the Profit & Loss accounts of the demerged company. Note 2: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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
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 20.01.2018
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
MANAGEMENT NON-COOPERATIVE (91-22-66798100)
LOCATIONS
|
Registered Office : |
201, A Wing, Avashya House, CST Road, Kalina, Santacruz (East),
Mumbai - 400098, Maharashtra, India |
|
Tel. No.: |
91-22-66798100/200 |
|
Fax No.: |
91-22-66798195 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Naresh Kumar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A 1002, 10th Floor, Plot No - 114 Rushi Tower, Swami Samatrh
Nagar, Mumbai 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00289375 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shashi Kiran Janardhan Shetty |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7S2, Samshiba Apartments, Nargis Dutt Road, Pali Hill,
Bandra (West), Mumbai 400050, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00012754 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Adarsh Sudhakar Hegde |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
302, Greenstar Rizvi Complex Sherley Rajan Road, Bandra
West, Mumbai - 400050, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00035040 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Satish Kumar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
188/1C, Maniktolla Main Road Maple Apartments, Kolkata
-700054, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.02.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01047666 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohinder Pal Bansal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1403/B, Casa Grade Tower - 1, Opposite Peninsula Complex,
Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01626343 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Deepal Vinod Shah |
|
Designation : |
Chief Finance Officer |
|
Address : |
A-101, Preeti Paradise, Dadabhai Cross Road, No.3, Vile
Parle – West, Mumbai - 400056, Maharashtra, India |
|
Date of Appointment : |
02.08.2017 |
|
PAN No.: |
ABUPS9522L |
|
|
|
|
Name : |
Mr. Dhanushdhari Pannalal Yadav |
|
Designation : |
Company Secretary |
|
Address : |
Shri Sai Hosing Society, Kailash Nagar, Kalyan – 421306,
Maharashtra, India |
|
Date of Appointment : |
10.02.2017 |
|
PAN No.: |
ABXPY1857B |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Naresh Kumar Sharma |
|
16500 |
|
Satish Kumar Sharma |
|
20000 |
|
JKS Finance Limited, India |
|
902875 |
|
JKS India Holdings Private Limited, India |
|
73444 |
|
JKS Abasan LLP (Formerly JKS Abasan Private Limited, India) |
|
5114 |
|
Alcargo Logistics Limited, India |
|
1324044 |
|
Hindustan Cargo Limited, India |
|
276950 |
|
Total |
|
2618927 |
Equity Share Break up (Percentage of Total Equity)
AS ON 02.08.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
1.39 |
|
Promoters- Body corporate |
98.61 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of providing integrated logistics solutions comprises
of Freight Forwarding, Custom Clearance and Contract Logistics services. [Registered Activity] |
||||||||
|
|
|
||||||||
|
Products / Services
: |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Yash and Associates Chartered Accountants |
|
Address : |
309, B. B. Ganguly Street, 1st Floor, Room No. 9, Kolkata – 700012,
West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFY8372R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates (AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 02.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3010000 |
Equity Shares |
INR 10/- each |
INR 30.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2618927 |
Equity Shares |
INR 10/- each |
INR 26.189 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3010000 |
Equity Shares |
INR 10/- each |
INR 30.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2168375 |
Equity Shares |
INR 10/- each |
INR 21.684 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
21.684 |
0.100 |
|
(b) Reserves &
Surplus |
|
177.140 |
(0.018) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
|
|
Total Shareholders’ Funds
(1) + (2) |
|
198.824 |
0.082 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
17.195 |
0.000 |
|
(d) long-term provisions |
|
0.855 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
18.050 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.730 |
0.010 |
|
(c) Other current
liabilities |
|
8.458 |
0.000 |
|
(d) Short-term provisions |
|
71.977 |
0.000 |
|
Total Current Liabilities
(4) |
|
81.165 |
0.010 |
|
|
|
|
|
|
TOTAL |
|
298.039 |
0.092 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.991 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.077 |
0.000 |
|
(d) Long-term Loan and Advances |
|
51.270 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.034 |
|
Total Non-Current Assets |
|
53.338 |
0.034 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
110.179 |
0.000 |
|
(d) Cash and cash
equivalents |
|
39.078 |
0.058 |
|
(e) Short-term loans and
advances |
|
94.589 |
0.000 |
|
(f) Other current assets |
|
0.855 |
0.000 |
|
Total Current Assets |
|
244.701 |
0.058 |
|
|
|
|
|
|
TOTAL |
|
298.039 |
0.092 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
772.380 |
0.000 |
|
|
Other Income |
|
0.000 |
0.000 |
|
|
TOTAL |
|
772.380 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
286.381 |
0.000 |
|
|
Employees benefits
expense |
|
17.957 |
0.000 |
|
|
Other expenses |
|
259.391 |
0.018 |
|
|
TOTAL |
|
563.729 |
0.018 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
208.651 |
(0.018) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
208.651 |
(0.018) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.672 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
207.979 |
(0.018) |
|
|
|
|
|
|
|
Less |
TAX |
|
71.900 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
136.079 |
(0.018) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
|
(0.018) |
0.000 |
|
|
|
|
|
|
|
Add |
Addition during the year |
|
41.079 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
|
177.140 |
(0.018) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
62.76 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
109.992 |
(0.008) |
|
|
|
|
|
|
Net cash flows from (used in) operations |
|
44.700 |
(0.008) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
52.07 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
7.01 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
0.93 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
104.80 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.27 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.41 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.01 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
17.62 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
45.66 |
(19.57) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
68.44 |
(21.95) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
3.01 |
5.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
3.01 |
5.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.67 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
3.01 |
5.80 |
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 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
21.684 |
|
Reserves & Surplus |
(0.018) |
177.140 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
0.082 |
198.824 |
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
772.380 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
772.380 |
|
Profit |
(0.018) |
136.079 |
|
|
|
17.62% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
STATE OF COMPANY'S AFFAIRS
(AS ON 31.03.2016)
The Company is engaged in the business of providing integrated logistics solutions comprises of Freight Forwarding, Custom Clearance and Contract Logistics services. The Company offers specialized logistics services across Air and Sea Freight Services, Custom Clearance Services and Warehousing. The Company has entrenched experience in supply chain management and customs procedures which gives us a niche position in this sector.
The Company has a pan India presence with headquarters in Mumbai and currently operates out of various locations in India covering all major ports and airports. A wide spread network in the country propels us to provide their customers the best services.
The scheme of arrangement was entered in to between the Company and CCI Logistics Limited ("CCI"), Kolkata for demerger of freight forwarding and warehousing business of CCI in to the Company. The Scheme was filed with Hon'ble High Courts of Kolkata and Bombay for necessary direction and order. The Scheme of demerger was sanctioned by the High Court of Bombay Order dated October 30, 2015 and High Court of Kolkata Order dated February 17, 2016 respectively. Consequently, the freight forwarding and warehousing business of CCI was demerged in to the Company w.e.f. appointed date April 1,2015.
The Company was previously known as CCI Integrated Logistics Private Limited but subsequently changed its name to Avvashya CCI Logistics Private Limited after having joint venture with Allcargo Logistics Limited, a part of Avvashya Group headquartered at Mumbai engaged in the business of providing integrated logistics solutions in India and Overseas.
With a view to achieve significant presence in tile Conh'act Logistics, E-commerce Logistics businesses and to consolidate Freight Forwarding business, the Company has entered in to joint venture arrangement with Allcargo Logistics Limited ("Allcargo") and Hindustan Cargo Limited ("HCL"), a wholly owned subsidiary of Allcargo to acquire the Contract Logistics business of Allcargo and Air and Sea Freight Forwarding, Custom Clearance business of HCL as going concern on slump sale basis.
The Board of Directors of the Company at their meeting held on May 16, 2016 have approved acquisition of Conh'act Logistics business of Allcargo and Air and Sea Freight Forwarding, Custom Clearance business of HCL as a going concern on slump sale basis for consideration other than cash in the form of equity shares of ACCI equivalent to the fair value of the aforesaid businesses as determined by the Independent Valuer. The Company
acquired the above businesses of Allcargo and HCL vide Business Transfer Agreement dated June 17, 2016 for consideration other than cash in the form of 17.20% equity stake allotted to Allcargo and HCL.
In addition to the above, Allcargo has also acquired additional 43.93% equity stake from the existing promoter shareholders of the Company thereby Allcargo along with its wholly owned subsidiary HCL hold in aggregate 61.13% equity stake in the Company and became holdings of the Allcargo w.e.f. June 29, 2016.
The ultimate aim of bringing these businesses under one Company is to synergise and expand the Warehousing, Freight Forwarding, Custom Clearance and other logistics services thereby providing a one stop and state of the art Integrated Logistics solutions to their valued customers.
FINANCIAL HIGHLIGHTS
(AS ON 31.03.2016)
The Company earned gross revenue of INR 772.400 Million during the year being first year of commencement of business operation. The Company incurred total expenditure including depreciation and amortization amounted to INR 564.400 Million as against INR 0.018 Million in the previous year.
The Company's Earnings before Interest, Tax and Depreciation (EBITDA) stood at INR 275.200 Million during the year as compared to loss of INR 0.018 Million during the previous year. The finance cost of the Company was Nil in both the years.
The Net Profit after taxes of the Company stood at INR 136.100 Million during the year as compared to loss of INR 0.018 Million in the previous year.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G43817659 |
100097303 |
HDFC BANK LIMITED |
26/04/2017 |
120000000.0 |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA |
FIXED ASSETS:
- Computers
- Electric Equipment
- Other Equipment
- Furniture and Fixtures
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
|
INR |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.