|
|
|
MIRA INFORM REPORT
|
Report No. : |
496759 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EXPO FREIGHT PRIVATE LIMITED |
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|
|
|
Registered
Office : |
29, Josier Street, Nungambakkam, Chennai-600034, Tamilnadu
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|
Mobile No.: |
91-9995143430 (Mr. Vimal) |
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|
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
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|
Date of
Incorporation : |
04.10.1996 |
|
|
|
|
Com. Reg. No.: |
18- 036702 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.177 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60231TN1996PTC036702 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
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|
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|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACE2126J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is an international freight forwarder, which includes freight forwarding,
multimodal transport operations, container freight logistics and customs
clearance and associated forwarding solutions and supply chain management
services. [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)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Exist |
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|
Comments : |
Subject is the flagship Indian company of the Sri Lanka-based
Expolanka Group. It was incorporated in the year 1996. For the financial year 2017, the company achieved revenue growth of
8.00% as compared to the previous year along with an average profit margin of
1.50%. The sound financial risk profile of the company is marked by adequate
net worth base of the company along with negligible debt balance sheet
profile and fair cash balance. Rating take into consideration the subjects healthy Earnings Per Share
of INR 114.91 against the Face Value of INR 10. Rating also takes into account the subjects long established track
record of business operations along with extensive experience of its
promoters. Payment seems 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
05.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term borrowing: A3+ |
|
Rating Explanation |
Moderate degree of safety ad higher credit
risk. |
|
Date |
05.02.2018 |
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
31-03-2016.
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 13.03.2018
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. Vimal |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9995143430 |
|
|
|
|
Name : |
Mr. Murthy |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-44-43900700 |
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|
|
|
Date : |
13.03.2018 |
91-9600082682 – Continuously ringing
LOCATIONS
|
Registered Office : |
29, Josier Street, Nungambakkam, Chennai-600034,
Tamilnadu, India |
|
Tel. No.: |
91-44-43900700 |
|
Mobile No.: |
91-9995143430 (Mr. Vimal) |
|
Fax No.: |
91-44-28223463 |
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E-Mail : |
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|
Website : |
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|
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|
Corporate Office : |
No. 78, Josier Street Nungambakkam, Chennai – 600034, Tamilnadu, India |
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Branch Offices : |
Located At:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Senthilnathan Shanmugam |
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Designation : |
Managing Director |
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Address : |
Flat No: 9, Raymont Court, Door No: 33, Pycrofts Garden
Road, Nunga mbakkam, Chennai- 600006, Tamilnadu, India |
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Date of Birth/Age : |
19.01.1961 |
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Qualification: |
Graduate |
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Date of Appointment : |
04.10.1996 |
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DIN No.: |
01893793 |
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Other Directorship:
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Name : |
Mr. Gemunu Christopher Stanislaus Rodrigo |
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Designation : |
Wholetime Director |
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Address : |
D 6, Rosemere Apartments, 18 Harrington Road, Chetpet,
Chennai- 600031, Tamilnadu, India |
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Date of Birth/Age : |
24.04.1960 |
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Qualification: |
Graduate |
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Date of Appointment : |
05.11.2007 |
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DIN No.: |
01893358 |
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Other Directorship:
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|
Name : |
Mr. Hanif Yusoof |
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Designation : |
Director |
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|
Address : |
C/O. Expo Freight Private Limited. 29, Josier Street,
Nungambakkam, Chennai-600034, Tamilnadu, India |
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|
Date of Birth/Age : |
15.11.1958 |
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Qualification: |
Graduate |
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Date of Appointment : |
04.10.1996 |
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DIN No.: |
01471606 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Murthy |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Expo Lanka International Private Limited , Sri Lanka |
735930 |
90.00 |
|
Lotus Holdings and Investments Private Limited |
75480 |
9.23 |
|
Shinc Consultants Private Limited |
6300 |
0.77 |
|
Total |
817710 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 09.08.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is an international freight forwarder, which includes freight forwarding,
multimodal transport operations, container freight logistics and customs
clearance and associated forwarding solutions and supply chain management
services. [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 : |
(INR
In Million)
|
|
Auditors : |
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|
Name : |
Anil Nair and Associates Chartered Accountants |
|
Address : |
Casa Blanca, I Floor, New No 11 (Old No 6), Casa Major Road, Chennai – 600008, Tamilnadu, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFA4298P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
company: |
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Holding company |
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Subsidiary
company: |
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|
Enterprises
Management have |
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Fellow
Subsidiaries: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
817710 |
Equity Shares |
INR 10/- each |
INR 8.177 Million |
|
|
|
|
|
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 |
8.177 |
8.177 |
8.177 |
|
(b) Reserves and Surplus |
730.688 |
636.724 |
540.919 |
|
(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) |
738.865 |
644.901 |
549.096 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.637 |
11.883 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
2.960 |
0.000 |
0.000 |
|
(d) long-term
provisions |
28.487 |
30.889 |
28.932 |
|
Total Non-current
Liabilities (3) |
49.084 |
42.772 |
28.932 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
51.872 |
51.552 |
91.600 |
|
(b) Trade
payables |
376.225 |
430.441 |
411.676 |
|
(c) Other
current liabilities |
83.598 |
60.757 |
66.728 |
|
(d) Short-term
provisions |
0.000 |
51.030 |
27.583 |
|
Total Current
Liabilities (4) |
511.695 |
593.780 |
597.587 |
|
|
|
|
|
|
TOTAL |
1299.644 |
1281.453 |
1175.615 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
95.136 |
56.526 |
44.598 |
|
(ii)
Intangible Assets |
16.886 |
22.520 |
28.154 |
|
(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 |
10.831 |
10.300 |
12.688 |
|
(c) Deferred tax assets (net) |
6.942 |
7.697 |
4.024 |
|
(d)
Long-term loans and advances |
198.140 |
239.962 |
233.704 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
5.007 |
|
Total Non-Current
Assets |
327.935 |
337.005 |
328.175 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
804.416 |
903.557 |
786.269 |
|
(d) Cash and
bank balances |
137.079 |
20.023 |
22.453 |
|
(e)
Short-term loans and advances |
30.214 |
20.868 |
38.718 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
971.709 |
944.448 |
847.440 |
|
|
|
|
|
|
TOTAL |
1299.644 |
1281.453 |
1175.615 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6277.844 |
5813.024 |
6080.564 |
|
|
Other Income |
30.573 |
60.003 |
54.873 |
|
|
TOTAL |
6308.417 |
5873.027 |
6135.437 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5455.358 |
5008.349 |
5453.187 |
|
|
Employee benefit expense |
451.515 |
359.414 |
307.910 |
|
|
CSR expenditure |
0.900 |
0.900 |
0.900 |
|
|
Other expenses |
275.600 |
267.307 |
231.794 |
|
|
Exceptional items |
(35.398) |
2.388 |
0.000 |
|
|
TOTAL |
6147.975 |
5638.358 |
5993.791 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
160.442 |
234.669 |
141.646 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.737 |
6.259 |
2.895 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
155.705 |
228.410 |
138.751 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.613 |
22.083 |
25.957 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
132.092 |
206.327 |
112.794 |
|
|
|
|
|
|
|
Less |
TAX |
38.128 |
71.264 |
31.685 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
93.964 |
135.063 |
81.109 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
1823.575 |
1625.325 |
|
|
TOTAL EARNINGS |
NA |
1823.575 |
1625.325 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
114.91 |
165.17 |
99.19 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5.183 |
2.978 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
190.931 |
149.356 |
12.809 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
153.559 |
97.866 |
(23.911) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
46.77 |
56.73 |
47.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.80 |
6.43 |
7.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
25.17 |
31.37 |
27.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.43 |
2.97 |
1.95 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.41 |
0.47 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.10 |
0.10 |
0.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.69 |
0.92 |
1.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.12 |
0.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
33.87 |
37.49 |
48.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.50 |
2.32 |
1.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.23 |
10.54 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.72 |
20.94 |
14.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.90 |
1.59 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.90 |
1.59 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.50 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.13 |
8.12 |
11.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.90 |
1.59 |
1.42 |
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 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
8.177 |
8.177 |
8.177 |
|
Reserves & Surplus |
540.919 |
636.724 |
730.688 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
549.096 |
644.901 |
738.865 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
11.883 |
17.637 |
|
Short term borrowings |
91.600 |
51.552 |
51.872 |
|
Current maturities of
long-term debts |
0.000 |
2.978 |
5.183 |
|
Total
borrowings |
91.600 |
66.413 |
74.692 |
|
Debt/Equity
ratio |
0.167 |
0.103 |
0.101 |
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 |
6080.564 |
5813.024 |
6277.844 |
|
|
|
(4.400) |
7.996 |
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 |
6080.564 |
5813.024 |
6277.844 |
|
Profit/ (Loss) |
81.109 |
135.063 |
93.964 |
|
|
1.33
% |
2.32
% |
1.50
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF
FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
8.177 |
8.177 |
|
(b) Reserves and Surplus |
|
761.448 |
670.828 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
28.972 |
24.022 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
769.625 |
679.005 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
17.637 |
11.883 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
2.960 |
0.000 |
|
(d) long-term
provisions |
|
28.486 |
30.889 |
|
Total Non-current
Liabilities (3) |
|
49.083 |
42.772 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
51.872 |
51.552 |
|
(b) Trade
payables |
|
420.671 |
494.176 |
|
(c) Other
current liabilities |
|
108.602 |
86.022 |
|
(d) Short-term
provisions |
|
13.824 |
67.078 |
|
Total Current
Liabilities (4) |
|
594.969 |
698.828 |
|
|
|
|
|
|
TOTAL |
|
1442.649 |
1444.627 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
99.750 |
61.649 |
|
(ii)
Intangible Assets |
|
17.130 |
22.614 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
12.372 |
12.685 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
7.281 |
7.941 |
|
(d)
Long-term loans and advances |
|
265.207 |
314.217 |
|
(e) Other
Non-current assets |
|
0.000 |
0.114 |
|
Total Non-Current
Assets |
|
401.740 |
419.220 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
833.260 |
941.271 |
|
(d) Cash and
bank balances |
|
174.810 |
61.387 |
|
(e)
Short-term loans and advances |
|
32.839 |
22.749 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1040.909 |
1025.407 |
|
|
|
|
|
|
TOTAL |
|
1442.649 |
1444.627 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
6394.948 |
5956.249 |
|
|
Other Income |
|
29.657 |
54.900 |
|
|
TOTAL |
|
6424.605 |
6011.149 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
5459.216 |
5031.300 |
|
|
Employee benefit expense |
|
503.182 |
407.873 |
|
|
CSR expenditure |
|
0.900 |
0.900 |
|
|
Other expenses |
|
317.756 |
312.848 |
|
|
Exceptional items |
|
(35.398) |
2.388 |
|
|
TOTAL |
|
6245.656 |
5755.309 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
178.949 |
255.840 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.851 |
11.739 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
170.098 |
244.101 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
25.090 |
23.676 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
145.008 |
220.425 |
|
|
|
|
|
|
|
Less |
TAX |
|
43.514 |
73.988 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
101.494 |
146.437 |
|
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
|
(4.950) |
(0.994) |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
96.544 |
145.444 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
124.12 |
179.08 |
LEGAL CASES
|
DISTRICT AND SESSION JUDGE, SOUTH-WEST
DWK CASE DETAILS Case Type: CS Filing Number: 12559/2012Filing Date: 02-07-2012 Registration No.: 516719/2016Registration
Date: 01-04-2016
Case Status First Hearing Date: 03rd July 2012 Next Hearing Date: 09th August 2016 Stage of Case: Plaintiff/Petitioner Evidence Court No. and Judge: 443-Additional District Judge Petitioner and
Advocate 1) MS COMMITTED CARGO CARE P. LTD Address - PLOT NO.
409, BLOCK A, ROAD NO. 4, STREET NO. 8 MAHIPAL PUR EXTN NEW DELHI
Respondent and
Advocate 1) MS EXPO FREIGHT P. LTD Address - A-113, ROAD
NO. 2, 1ST FLOOR MAHIPAL PUR EXTN. NEW DELHI
Case Transfer
Details Between The Courts
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY
OVERVIEW
Subject is a leading international freight forwarder having its registered office at Chennai, which includes freight forwarding, multimodal transport operations, container freight logistics, customs clearance and associated forwarding solutions and supply chain management services.
FINANCIAL REVIEW OF STANDALONE PERFORMANCE
The company earned a Net profit of INR 93.964 Million as against INR 135.063 Million in the previous year but the turnover has increased when compared to previous year. The Directors are taking effective steps to improve the operations of the company and are confident of achieving better results in the ensuing financial years
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G71793111 |
10449220 |
STANDARD CHARTERED
BANK |
27/08/2013 |
19/12/2017 |
- |
230000000.0 |
19, RAJAJI
SALAI,II FLOORCHENNAITN600001IN |
|
2 |
C63499891 |
10226041 |
AXIS BANK LIMITED |
07/06/2010 |
28/08/2015 |
- |
76700000.0 |
CMC CENTRE, FIRST FLOOR,
KARUMUTTU NILAYAM,NO.192, ANNA SALAI,CHENNAITN600002IN |
|
3 |
C30960181 |
10386428 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
01/11/2012 |
13/12/2013 |
28/10/2014 |
100000000.0 |
NO. 30 RAJAJI
SALAICHENNAITN600001IN |
|
4 |
A92296664 |
10155272 |
STATE BANK OF
INDIA |
26/03/2009 |
- |
17/08/2010 |
85000000.0 |
COMMERCIAL BRANCH
(CHENNAI)232 N.S.C, BOSE ROADCHENNAITN600001IN |
|
5 |
A59041475 |
90325799 |
STANDARD CHARTERED
BANK |
28/06/2006 |
- |
28/03/2009 |
60000000.0 |
19;RAJAJI SALAICHENNAITNIN |
FIXED ASSETS:
Tangible assets
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 65.02 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.