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MIRA INFORM REPORT
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Report No. : |
516441 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
PRISTINE MEGA LOGISTICS PARK PRIVATE LIMITED (w.e.f 12.02.2013) |
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Formerly Known
As : |
PRISTINE
MEGA LOGISTIC PARK PRIVATE LIMITED |
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Registered
Office : |
Third Floor, Wing-B, Commercial Plaza, Radisson Hotel Delhi, National Highway No. 8, Mahipalpur, New Delhi-110037 |
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Tel. No.: |
91- 11-47235800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.08.2012 |
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CIN No.: [Company Identification No.] |
U63000DL2012PTC239675 |
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Capital
Investment / Paid-up Capital : |
INR 365.072 Million |
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|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAGCP8465R |
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GSTN : [Goods & Service Tax Registration
No.] |
03AAGCP8465R1ZN |
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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 providing end to end logistics solutions to the customers. It includes the first mile transportation, rail transportation of cargo in containers or railway wagon from one destination to another, last mile transportation of cargo, warehousing services as per the specific requirements of customer, etc. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 640000 INR 45000000 |
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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 was incorporated in the year 2012 and is a wholly owned
subsidiary of Pristine Logistics And Infraprojects Private Limited (PLIPL).
It has developed a rail linked inland container Depot (ICD) cum Private
Freight Terminal (PFT) facility in Ludhiana district (Punjab). It has commenced its business operations from January 2016 and is
engaged in providing logistics services. As per financials of March 2017, the company has registered a healthy
growth in its revenue but has reported losses. Rating takes into consideration the company’s moderate financial risk
profile along with negative reserves and average debt coverage indicators. Ratings is further constrained on account continuous losses from its
operations and competition from established players in the logistics
industry. However, rating weakness is partially offset by experienced promoters
and group support, demonstrated fund raising capability of the parent
company, diversified clientele and integrated infrastructure facilities. Payments seems to be slow but correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
05.04.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
05.04.2018 |
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
31-03-2018.
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 27.06.2018
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 DECLINED
Management non-cooperative (Tel No.:91-11-47235800)
Tel No.:91-11-46772223 (Continuously ringing)
LOCATIONS
|
Registered Office : |
Third Floor, Wing-B, Commercial Plaza, Radisson Hotel Delhi, National Highway No. 8, Mahipalpur, New Delhi-110037, India |
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Tel. No.: |
91-11-47235800, 46772223 / 24 / 27 |
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Fax No.: |
91-11-46772228 |
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E-Mail : |
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Website : |
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Project Office: |
Village Chawa, Adj. Chawapail Railway Station, Main Bija Samrala Road, Tehsil - Samrala, Ludhiana-141412, Punjab, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Narayanan Gopalakrishnan |
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Designation : |
Director |
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Address : |
F-1101, Raj Legacy Lbs Marg, Vikhroli (West), Mumbai -400083,
Maharashtra, India |
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Date of Appointment : |
28.03.2018 |
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DIN No.: |
05166322 |
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Other Directorship:
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Name : |
Mr. Mayank Bansal |
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Designation : |
Director |
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Address : |
708,Sector A, Pocket B Vasant Kunj, Delhi- 110070, India |
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Date of Appointment : |
28.03.2018 |
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DIN No.: |
06998315 |
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Other Directorship:
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Name : |
Mr. Ritesh Kumar Sinha |
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Designation : |
Director |
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Address : |
C1106, Bestech Park View Ananda, Sector-81, Gurugram- 122004, Haryana,
India |
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Date of Birth/Age : |
15.12.1985 |
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Date of Appointment : |
20.07.2017 |
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DIN No.: |
07619121 |
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Name : |
Mr. Vikash Kumar Verma |
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Designation : |
Director |
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Address : |
Flat No. 1053, 2nd Floor Akshardham Apartment, Pocket-3, Sector 1 9, Dwarka,
New Delhi -110075, India |
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Date of Birth/Age : |
16.09.1988 |
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Date of Appointment : |
28.09.2017 |
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DIN No.: |
07885079 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Pristine Logistics & Infraprojects Private Limited |
36507197 |
|
Rajnish Kumar (nominee of Pristine Logistics & Infraprojects Private Limited) |
1 |
|
Total |
36507198 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of providing end to end logistics solutions to the customers. It includes the first mile transportation, rail transportation of cargo in containers or railway wagon from one destination to another, last mile transportation of cargo, warehousing services as per the specific requirements of customer, etc. (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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Marodia Khanna and Associates Chartered Accountants |
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Address : |
39, Mohammadpur, 2nd Floor, Bhikaji Cama Place, Delhi, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFM6784J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Wholly owned
Subsidiary |
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Fellow Subsidiary |
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CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
INR 10/- each |
INR 410.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
36507198 |
Equity Shares |
INR 10/- each |
INR 365.072 Million |
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FINANCIAL DATA
[all figures are
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 |
365.072 |
365.072 |
365.072 |
|
(b) Reserves and Surplus |
(139.642) |
(77.241) |
(5.437) |
|
(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) |
225.430 |
287.831 |
359.635 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
164.651 |
73.223 |
14.189 |
|
(b) Deferred tax liabilities (Net) |
10.312 |
0.009 |
0.009 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.156 |
0.465 |
0.211 |
|
Total Non-current
Liabilities (3) |
176.119 |
73.697 |
14.409 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1129.129 |
812.180 |
491.041 |
|
(b) Trade
payables |
135.828 |
43.094 |
0.344 |
|
(c) Other
current liabilities |
36.616 |
41.874 |
19.171 |
|
(d) Short-term
provisions |
0.005 |
0.006 |
0.002 |
|
Total Current
Liabilities (4) |
1301.578 |
897.154 |
510.558 |
|
|
|
|
|
|
TOTAL |
1703.127 |
1258.682 |
884.602 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
922.532 |
901.096 |
257.835 |
|
(ii) Intangible Assets |
200.946 |
0.456 |
0.000 |
|
(iii) Tangible assets capital work-in-progress |
90.694 |
51.259 |
447.444 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
147.552 |
123.866 |
122.277 |
|
(e) Other Non-current assets |
104.892 |
55.686 |
3.500 |
|
Total Non-Current
Assets |
1466.716 |
1132.463 |
831.156 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
203.274 |
70.375 |
0.000 |
|
(d) Cash and bank balances |
8.537 |
13.378 |
16.615 |
|
(e) Short-term loans and advances |
24.600 |
42.466 |
36.782 |
|
(f) Other current assets |
0.000 |
0.000 |
0.049 |
|
Total
Current Assets |
236.411 |
126.219 |
53.446 |
|
|
|
|
|
|
TOTAL |
1703.127 |
1258.682 |
884.602 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1361.983 |
96.352 |
0.000 |
|
|
Other Income |
4.610 |
2.435 |
0.000 |
|
|
TOTAL |
1366.593 |
98.787 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1252.658 |
99.608 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
25.456 |
7.276 |
2.054 |
|
|
Other expenses |
37.166 |
10.131 |
2.262 |
|
|
TOTAL |
1315.280 |
117.015 |
4.316 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
51.313 |
(18.228) |
(4.316) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.399 |
5.264 |
0.225 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.914 |
(23.492) |
(4.541) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
88.012 |
48.312 |
0.896 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(52.098) |
(71.804) |
(5.437) |
|
|
|
|
|
|
|
Less |
TAX |
10.303 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(62.401) |
(71.804) |
(5.437) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(1.71) |
(1.97) |
(0.15) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.514 |
24.867 |
3.927 |
|
Net cash flows from (used in) operations |
(6.340) |
(82.302) |
176.915 |
|
Net cash flows from (used in) operating activities |
(27.075) |
(82.302) |
176.915 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
54.48 |
266.59 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.70 |
1.37 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
39.58 |
157.91 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.04 |
(0.02) |
(0.01) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.79 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.85 |
3.16 |
1.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
5.77 |
3.12 |
1.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
5.39 |
3.31 |
1.96 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.33 |
(3.46) |
(19.18) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(4.58) |
(74.52) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.66) |
(5.70) |
(0.61) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(27.68) |
(24.95) |
(1.51) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.18 |
0.14 |
0.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.18 |
0.14 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.13 |
0.23 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.61 |
2.49 |
1.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.18 |
0.14 |
0.10 |
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 |
365.072 |
365.072 |
365.072 |
|
Reserves & Surplus |
(5.437) |
(77.241) |
(139.642) |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
359.635 |
287.831 |
225.430 |
|
|
|
|
|
|
Long-term borrowings |
14.189 |
73.223 |
164.651 |
|
Short term borrowings |
491.041 |
812.180 |
1129.129 |
|
Current maturities of
long-term debts |
3.927 |
24.867 |
25.514 |
|
Total
borrowings |
509.157 |
910.270 |
1319.294 |
|
Debt/Equity
ratio |
1.416 |
3.163 |
5.852 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2016 |
31.03.2017 |
|
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
|
96.352 |
1361.983 |
|
|
|
|
1313.549 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2016 |
31.03.2017 |
|
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
|
96.352 |
1361.983 |
|
Profit/ (Loss) |
|
(71.804) |
(62.401) |
|
|
|
(74.52
%) |
(4.58
%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
365.072 |
365.072 |
|
(b) Reserves and Surplus |
|
(139.948) |
(77.272) |
|
(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) |
|
225.124 |
287.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
164.651 |
73.223 |
|
(b) Deferred tax liabilities (Net) |
|
10.321 |
0.009 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.156 |
0.465 |
|
Total Non-current
Liabilities (3) |
|
176.128 |
73.697 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1129.529 |
812.180 |
|
(b) Trade
payables |
|
135.853 |
43.103 |
|
(c) Other
current liabilities |
|
36.615 |
41.879 |
|
(d) Short-term
provisions |
|
0.006 |
0.006 |
|
Total Current
Liabilities (4) |
|
1302.003 |
897.168 |
|
|
|
|
|
|
TOTAL |
|
1703.255 |
1258.665 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
922.532 |
901.096 |
|
(ii)
Intangible Assets |
|
200.946 |
0.456 |
|
(iii) Tangible assets
capital work-in-progress |
|
90.694 |
51.259 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
147.552 |
123.866 |
|
(e) Other
Non-current assets |
|
104.892 |
55.685 |
|
Total Non-Current
Assets |
|
1466.616 |
1132.362 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
203.274 |
70.375 |
|
(d) Cash and
bank balances |
|
8.845 |
13.460 |
|
(e)
Short-term loans and advances |
|
24.520 |
42.466 |
|
(f) Other
current assets |
|
0.000 |
0.002 |
|
Total
Current Assets |
|
236.639 |
126.303 |
|
|
|
|
|
|
TOTAL |
|
1703.255 |
1258.665 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
1361.983 |
96.352 |
|
|
Other Income |
|
4.610 |
2.435 |
|
|
TOTAL |
|
1366.593 |
98.787 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1252.658 |
99.608 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
25.456 |
7.276 |
|
|
Other expenses |
|
37.432 |
10.141 |
|
|
TOTAL |
|
1315.546 |
117.025 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
51.047 |
(18.238) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
15.399 |
5.264 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
35.648 |
(23.502) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
88.012 |
48.312 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(52.364) |
(71.814) |
|
|
|
|
|
|
|
Less |
TAX |
|
10.312 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(62.676) |
(71.814) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(1.72) |
(1.97) |
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 |
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 |
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 |
CORPORATE INFORMATION
The Company is a private limited Company domiciled in India was incorporated on August 1, 2012 under the provisions of the Companies Act, 1956. The Company is engaged in the business of providing end to end logistics solutions to the customers. It includes the first mile transportation, rail transportation of cargo in containers or railway wagon from one destination to another, last mile transportation of cargo, warehousing services as per the specific requirements of customer, etc.
STATE OF COMPANY’S
AFFAIRS:
The company is primarily engaged in the business of providing logistics services and with the commencement of the commercial operations, the company has generated total revenue of INR 1366.593 million in the financial year 2016-2017 as compared to INR 98.787 million in the previous financial year 2015-2016. Also, for the growth and development of the company, the management is making efforts to increase the business of the company.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
986.209 |
812.180 |
|
|
|
|
|
Total |
986.209 |
812.180 |
INDEX
OF CHARGES
|
b |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G88044607 |
100178849 |
ICICI BANK LIMITED |
28/04/2018 |
- |
- |
5000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROAD VADODARA-390007 GUJARAT INDIA |
|
2 |
G48439962 |
100109839 |
HDFC BANK LIMITED |
05/07/2017 |
- |
- |
1436485.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
3 |
G39477369 |
100086230 |
AXIS BANK LIMITED |
25/02/2017 |
- |
- |
25000000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGE AHMEDABAD-380006 GUJARAT INDIA |
|
4 |
G39984802 |
100087488 |
ICICI BANK LIMITED |
25/02/2017 |
- |
- |
43020000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROAD VADODARA-390007 GUJARAT INDIA |
|
5 |
G36986404 |
100079843 |
DUSD BANK LTD. |
31/01/2017 |
- |
- |
13590000.0 |
2401 GEN THIMMAYYA ROAD CONTONMENT PUNE-411001 MAHARASHTRA INDIA |
|
6 |
G83008730 |
100077660 |
AXIS BANK LTD. |
24/01/2017 |
21/03/2018 |
- |
380000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHI-110001 INDIA |
|
7 |
G21285499 |
100059482 |
HDFC BANK LIMITED |
29/09/2016 |
- |
- |
38550000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
8 |
C81319485 |
10625099 |
ICICI BANK LIMITED |
10/02/2016 |
- |
- |
323000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
C76549674 |
10615322 |
YES BANK LIMITED |
28/12/2015 |
- |
- |
26640000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLI MUMBAI-400018 MAHARASHTRA INDIA |
|
10 |
C75469486 |
10612067 |
ICICI BANK LIMITED |
31/10/2015 |
- |
- |
45288000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURI VADODARA 390015 GUJARAT INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Computer
- Plant and Machinery
- Vehicle
- Motor vehicles
- Office equipment
WEBSITE DETAILS:
NEWS / PRESS RELEASES
DATE: 24.03.2017
PRISTINE LOGISTICS IN
TALKS TO RAISE INR 4000.000 MILLION FROM PE INVESTORS
Pristine Logistics to
use funds to upgrade infrastructure at its freight terminals
Mumbai: CDC-backed
logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has
started talks to raise up to INR 4000.000 million from private equity
investors, at least two people aware of the development said.
“Pristine Logistics has appointed investment bank Spark Capital to advise them on the fund raise. The company has initiated the process and has started reaching out to private equity and infrastructure investors. They plan to raise around INR 3000.000-4000.000 million in this round of fund raising,” said one of the two people mentioned above, requesting anonymity as the talks are private.
The CDC Group-backed Pristine Logistics builds and operates rail freight terminals across northern, central and eastern parts of India, which provide handling, warehousing and transport services for businesses using the Indian Railways network for freight transport. The company will use the funds to expand and upgrade infrastructure at its freight terminals, the person quoted above added.
In 2015 CDC Group, the UK government’s development finance institution, invested $25 million in Pristine Logistics. The firm operates a private freight terminal (PFT) and an inland container depot near Kanpur in Uttar Pradesh. It also owns and operates PFTs at other locations such as Cuttack in Odisha, Ludhiana in Punjab and Indore in Madhya Pradesh.
It operates a multi-modal logistics park at Bihta near Patna in Bihar. It is also developing a mega food park, maize processing centre and agri logistics hub at Mansi in Bihar.
According to data from the company’s filings with the registrar of companies, it had a consolidated revenue of INR 735.900 million in 2015-16, against INR 678.900 million a year earlier. The company reported a loss of INR 54.900 million in 2015-16, against a loss of INR 43.600 million a year earlier.
A spokesperson for Pristine Logistics declined to comment on the development.
“CDC will not be in a position to comment on deal-specific details,” said Srini Nagarajan, managing director and head of South Asia, in an email response.
The company recently expanded its business by acquiring the container train operating licence of Anil Ambani-controlled Reliance Infrastructure Ltd. Pristine will operate container trains for the remaining 13 years of the 20-year period, The Hindu BusinessLine reported on 17 January.
With tailwinds such as the impending implementation of the goods and services tax (GST), several logistics businesses are out in the market, seeking funds from investors. Earlier in March, Mint reported that e-commerce-focused logistics firm Ecom Express has initiated the process of raising up to $150 million.
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 68.08 |
|
|
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.