|
|
|
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
496306 |
|
Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LCL LOGISTIX (INDIA) PRIVATE LIMITED [w.e.f. 10.03.2008] |
|
|
|
|
Formerly Known
As : |
LCL AGENCIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
220, Sai Commercial Centre, 2nd Floor, Station Road, Govandi (East), Mumbai – 400088, Maharashtra |
|
Tel. No.: |
91-22-66409999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
15.05.1998 |
|
|
|
|
Com. Reg. No.: |
11-114936 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 100.460 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH1998PTC114936 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL2287K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The
company is primarily engaged in the business of freight forwarding via sea
and air and providing container freight station / 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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “CMA CGM Logistics”, France. The company was
incorporated in the year 1998. It is engaged in providing fright transport agency services and other
freight transport services. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain low profit
margin of 0.50%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. Rating also takes into consideration strong financial and managerial
support that the company receives from its holding entity backed by its well
experienced management team. The rating also takes into consideration the subject’s long
established track record of business operations along with extensive
experience of its promoters. However, these rating strengths are partially offset by modest
operating profitability, vulnerability to intense competition, and
susceptibility to economic cycles. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and 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= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
24.02.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
24.02.2017 |
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 15.03.2018
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
Management Non-Cooperative (91-22-66409999 / 91-2836-238629)
LOCATIONS
|
Registered Office : |
220, Sai Commercial Centre, 2nd Floor, Station Road, Govandi (East), Mumbai – 400088, Maharashtra, India |
|
Tel. No.: |
91-22-66409999 |
|
Fax No.: |
91-22-25552693 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Logistics (Transport
/ Warehousing): |
Nmsez Commercial Complex, 'D' Wing DN- 408, 4th Floor, Plot No 6, Sector 11, Dronagiri, Opposite Township Jnpt-Uran Road, District Raigad, Navi Mumbai -400707, Maharashtra, India |
|
Tel. No.: |
91-22-28234698/ 2823 4642 |
|
Fax No.: |
91-22-28348306 |
|
|
|
|
Branch Office : |
Part B, Kanchan Complex, Plot 118, Sector 1A, Gandhidham, Kutch,
Gujarat, India |
|
Tel. No.: |
91-2836-238629 |
|
|
|
|
Overseas Branch Office : |
United States of America |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vibhu Prakash |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
95 Redgrave Drive Etobicoke On, Mississauga M9R3V2 Canada |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.08.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07423494 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Atit Abhay Mahajan |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
103, Acme Amay G Wing CTS 175, Vishweshwar Nagar Road, Goregaon
(East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02915961 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Audrey Dolhen |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10th Floor, Imperial Heights, 21st Road, Bandra (West), Mumbai –
400050, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.12.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03582875 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Beat Simon |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Baumligasse 6, Riehen 4125 CH Switzerland |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.07.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06944796 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mathaus Carl Jacques Friedberg |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
26, Rue Jules Masurier 76 600 Le Havre, France 999999 France |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07137272 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Nicolas Jean Pierre Tellier |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Alternate Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10, Rue Mellet, 95290 L'isle -Adam-France Lisle Adam 95290 France |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.07.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07539958 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Richa Sharma |
|
Designation : |
Company Secretary |
|
Address : |
9/136, Sardar Nagar – 4, Sion Koliwada, Mumbai – 400037, Maharashtra, India |
|
Date of Appointment : |
06.03.2012 |
|
PAN No.: |
BMNPS2281R |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Unnikrishnan nair |
|
1338779 |
|
Jaya Unnikrishnan nair |
|
688597 |
|
Ravindranath Menon |
|
438561 |
|
Jaison George |
|
335268 |
|
Cargo Management Services Private Limited |
|
595706 |
|
LCL Freight Solutions Private Limited |
|
367608 |
|
LCL agencies South Private Limited |
|
253871 |
|
CMA CGM Logistics |
|
6027583 |
|
|
|
|
|
Total |
|
10045973 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.12.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
27.88 |
|
Promoters [Bodies
corporate] |
12.12 |
|
Public/Other than promoters [Body corporate] |
60.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
The
company is primarily engaged in the business of freight forwarding via sea and
air and providing container freight station / 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 : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AAKFB4397F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· CMA CGM Logistics, France |
|
|
|
|
Ultimate Holding Company : |
· CMA CGM Caucasus S.A. |
|
|
|
|
Subsidiary
Company : |
· Ocean Gate Container Terminals Private Limited · Malabar Lines Private Limited |
|
|
|
|
Subsidiary and Sub-subsidiary companies : |
· Coral Shipping (Tanzania) Limited · LCL Logistix (Tanzania) Limited |
|
|
|
|
Fellow Subsidiaries : |
· CMA CGM (UK) Shipping Limited · CMA CGM South Turkey Gemi Acenteligi A.S. · CMA CGM AGENCES FRANCE – MARSEILLE · CMA CGM Holland BV · CMA CGM (China) Logistics Co. Limited · CMA CGM (CANADA) Inc. · CMA CGM Rus · CMA CGM East & South India Private Limited · CMA CGM Logistics Park (Dadri) Private Limited · CMA CGM Log UK · CMA CGM (Thailand) Limited · CMA CGM Agencies (India) Private Limited · CMA CGM Logistics (India) Private Limited · CMA CGM ( Deutschland ) Gmbh · CMA CGM Agence France SAS · CMA CGM Logistics Lanka Private Limited · CMA CGM Polska Sp. Z. O. O. (Limited) · CMA CGM (America) LLC · CMA CGM Shipping Agencies · South Africa (Pty) Limited · USL Cargo Services. · APL (India) Private Limited (w.e.f. 6th September 2016) · CMA CGM Iberica, S.A.U · CMA CGM Agences France · CMA CGM Belgium NV · CMA CGM (Deutschland) GMBH Prague · CMA CGM do Brasil Agência Marítima LTDA · CMA CGM Ibérica S.A.U. · CMA CGM (Canada) Inc · CMA CGM Italy SRL · CMA CGM Logistics (Hong Kong) · CMA CGM Canada Inc. · CMA CGM Logistics Central Asia · CMA CGM Lanka (Private) Limited · CMA CGM SA · CMA CGM Germany GmbH · CMA CGM (Hong Kong) Limited · CMA CGM Logistics (India) Private Limited |
|
|
|
|
Associates of the investing party : |
· Ameya Logistics Private Limited · Honeycomb Logistics Private Limited |
|
|
|
|
Transactions with entities in which Key
Management Personnel are having significant influence / control : |
· LCL Logistics Private Limited · Interlink Maritime Services Private Limited · Bay Land Shipping Agencies India Private Limited · Dyne Infotech Private Limited · Freightlog Forwarders India Private Limited · LCL Agencies South Private Limited · CMS Shipping Agency LLP (previously CMS Shipping Agency Private Limited) · CRP Highrise LLP (previously CRP Highrise Private Limited) |
CAPITAL STRUCTURE
AS ON 30.12.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10045973 |
Equity Shares |
INR 10/- each |
INR 100.460 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.460 |
100.460 |
65.706 |
|
(b) Reserves & Surplus |
978.451 |
952.595 |
330.571 |
|
(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) |
1078.911 |
1053.055 |
396.277 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
23.718 |
49.007 |
164.464 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
2.220 |
2.630 |
|
(d) Long-term
provisions |
15.244 |
12.040 |
9.772 |
|
Total Non-current
Liabilities (3) |
38.962 |
63.267 |
176.866 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
259.683 |
359.986 |
508.513 |
|
(b) Trade
payables |
301.599 |
262.529 |
371.784 |
|
(c) Other
current liabilities |
200.723 |
224.999 |
211.396 |
|
(d) Short-term
provisions |
12.574 |
11.923 |
10.378 |
|
Total Current
Liabilities (4) |
774.579 |
859.437 |
1102.071 |
|
|
|
|
|
|
TOTAL |
1892.452 |
1975.759 |
1675.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
520.209 |
583.437 |
583.691 |
|
(ii)
Intangible Assets |
1.602 |
1.498 |
1.930 |
|
(iii)
Capital work-in-progress |
0.597 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
26.236 |
26.359 |
26.359 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
229.957 |
232.839 |
289.192 |
|
(e) Other
Non-current assets |
0.125 |
19.232 |
1.508 |
|
Total Non-Current
Assets |
778.726 |
863.365 |
902.680 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
734.562 |
572.869 |
535.723 |
|
(d) Cash
and cash equivalents |
98.169 |
135.984 |
52.577 |
|
(e) Short-term
loans and advances |
246.911 |
367.521 |
168.250 |
|
(f) Other
current assets |
34.084 |
36.020 |
15.984 |
|
Total
Current Assets |
1113.726 |
1112.394 |
772.534 |
|
|
|
|
|
|
TOTAL |
1892.452 |
1975.759 |
1675.214 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4548.277 |
4742.590 |
5151.853 |
|
|
Other Income |
98.329 |
46.179 |
67.458 |
|
|
TOTAL |
4646.606 |
4788.769 |
5219.311 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
354.339 |
346.635 |
323.774 |
|
|
Other expenses |
4147.499 |
4303.436 |
4923.066 |
|
|
TOTAL |
4501.838 |
4650.071 |
5246.840 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
144.768 |
138.698 |
(27.529) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
42.967 |
52.719 |
97.221 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
101.801 |
85.979 |
(124.750) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.108 |
65.717 |
92.785 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
22.693 |
20.262 |
(217.535) |
|
|
|
|
|
|
|
Less |
TAX |
0.137 |
13.094 |
2.086 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
22.556 |
7.168 |
(219.621) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.25 |
0.71 |
(33.42) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.832 |
48.836 |
100.568 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(12.970) |
9.229 |
155.203 |
|
Net cash flows from (used in) operating activities |
92.397 |
(52.284) |
109.832 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.95 |
44.09 |
37.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.19 |
8.28 |
9.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
0.24 |
(0.05) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.48 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.43 |
1.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.72 |
0.82 |
2.78 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.48 |
0.56 |
1.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.37 |
2.63 |
(0.28) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.50 |
0.15 |
(4.26) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.19 |
0.36 |
(13.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.09 |
0.68 |
(55.42) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.44 |
1.29 |
0.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.44 |
1.29 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.53 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.08 |
4.56 |
11.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.44 |
1.29 |
0.70 |
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 |
65.706 |
100.460 |
100.460 |
|
Reserves & Surplus |
330.571 |
952.595 |
978.451 |
|
Net
worth |
396.277 |
1053.055 |
1078.911 |
|
|
|
|
|
|
Long-term borrowings |
164.464 |
49.007 |
23.718 |
|
Short term borrowings |
508.513 |
359.986 |
259.683 |
|
Current maturities of
long-term debts |
100.568 |
48.836 |
25.832 |
|
Total
borrowings |
773.545 |
457.829 |
309.233 |
|
Debt/Equity
ratio |
1.952 |
0.435 |
0.287 |
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image022.gif)
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 |
5151.853 |
4742.590 |
4548.277 |
|
|
|
(7.944) |
(4.097) |
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image024.gif)
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 |
5151.853 |
4742.590 |
4548.277 |
|
Profit/ (Loss) |
(219.621) |
7.168 |
22.556 |
|
|
(4.26
%) |
0.15
% |
0.50
% |
%20PRIVATE%20LIMITED%20-%20496306%2015-Mar-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.460 |
100.460 |
|
(b) Reserves and Surplus |
|
891.007 |
896.010 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
56.517 |
64.153 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
991.467 |
996.470 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
24.052 |
51.712 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
2.220 |
|
(d) long-term
provisions |
|
18.858 |
13.302 |
|
Total Non-current
Liabilities (3) |
|
42.910 |
67.234 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
310.832 |
384.653 |
|
(b) Trade
payables |
|
443.371 |
349.118 |
|
(c) Other
current liabilities |
|
378.304 |
317.905 |
|
(d) Short-term
provisions |
|
13.748 |
26.889 |
|
Total Current
Liabilities (4) |
|
1146.255 |
1078.565 |
|
|
|
|
|
|
TOTAL |
|
2237.149 |
2206.422 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
551.450 |
620.994 |
|
(ii)
Intangible Assets |
|
3.862 |
8.658 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.597 |
0.754 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
20.648 |
16.522 |
|
(d)
Long-term
loans and advances |
|
277.853 |
278.834 |
|
(e) Other Non-current
assets |
|
0.125 |
19.232 |
|
Total Non-Current
Assets |
|
854.535 |
944.994 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
981.247 |
780.092 |
|
(d) Cash and bank
balances |
|
190.163 |
254.996 |
|
(e)
Short-term loans and advances |
|
174.505 |
181.030 |
|
(f) Other
current assets |
|
36.699 |
45.310 |
|
Total
Current Assets |
|
1382.614 |
1261.428 |
|
|
|
|
|
|
TOTAL |
|
2237.149 |
2206.422 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
6188.887 |
6713.957 |
|
|
Other Income |
|
88.889 |
76.184 |
|
|
TOTAL |
|
6277.776 |
6790.141 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
5187.503 |
5693.384 |
|
|
Employee benefit expense |
|
448.233 |
428.091 |
|
|
CSR expenditure |
|
1.567 |
1.200 |
|
|
Other expenses |
|
482.464 |
406.103 |
|
|
TOTAL |
|
6119.767 |
6528.778 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
158.009 |
261.363 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
47.738 |
60.118 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
110.271 |
201.245 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
96.376 |
85.048 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
13.895 |
116.197 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.980 |
28.916 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
7.915 |
87.281 |
|
|
|
|
|
|
|
Less/ Add |
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(6.983) |
(24.075) |
|
|
|
|
|
|
|
|
TOTAL PROFIT
(LOSS) FOR PERIOD |
|
0.933 |
63.206 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.09 |
6.46 |
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 |
No |
|
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 |
COMPANY OVERVIEW:
The Company was incorporated on 15 May 1998 under the Companies Act, 1956. The Company is primarily engaged in the business of freight forwarding via sea and air and providing container freight station / logistics services in India and also have branch in United States of America which is engaged in the business of freight forwarding via sea and air. During the year 2015-16, CMA CGM Logistics have acquired 60% of the equity shares, thereby, becoming the holding company of the Company.
REVIEW OF OPERATION:
During the year, the Company has earned revenue of INR 4548.278 million from operations. The Net Profit for the year has been INR 22.556 million as against INR 7.168 million during the previous financial year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G57528689 |
100130868 |
HDFC BANK LIMITED |
19/06/2017 |
- |
- |
3438692.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
2 |
G29832243 |
100068003 |
HDFC BANK LIMITED |
29/09/2016 |
- |
- |
637132.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
3 |
C68461029 |
10599167 |
ICICI BANK LIMITED |
30/09/2015 |
- |
- |
28717000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
4 |
C42363945 |
10546884 |
HDFC BANK LIMITED |
20/10/2014 |
- |
- |
16242000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
5 |
B81927204 |
10442552 |
HDFC BANK LIMITED |
31/07/2013 |
- |
- |
13150000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
6 |
B65991432 |
10397274 |
HDFC BANK LIMITED |
18/12/2012 |
- |
- |
29030000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
7 |
B98034846 |
10390150 |
YES BANK LIMITED |
09/10/2012 |
28/01/2014 |
- |
1080000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MH400018IN |
|
8 |
B44771236 |
10368280 |
HDFC BANK LIMITED |
30/06/2012 |
- |
- |
26477500.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
9 |
G73193039 |
10369718 |
AXIS BANK LIMITED |
29/06/2012 |
- |
16/12/2017 |
15427644.0 |
ASC MUMBAI, 1ST FLOOR, JANMABHOOMI BHAVANJANMA BHOOMI MARG, FORT MUMBAI MH400001IN |
|
10 |
G57839946 |
10525160 |
ICICI BANK LIMITED |
23/09/2014 |
21/09/2017 |
16/10/2017 |
9057000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD VADODARA GU390007IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.83 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.