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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508875

Report Date :

15.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TOTAL SHIPPING AND LOGISTICS PRIVATE LIMITED (w.e.f. 04.09.2009)

 

 

Formerly Known As :

TOTAL SHIPPING (INDIA) PRIVATE LIMITED

 

 

Registered Office :

Viraj Impex House, 47, P. D’Mello Road, Mumbai – 400007, Maharashtra

Tel. No.:

91-22 - 4076 7676 / 4076 1800 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

20.09.1984

 

 

Com. Reg. No.:

11-034075

 

 

Capital Investment / Paid-up Capital :

INR 10.000 Million

 

 

CIN No.:

[Company Identification No.]

U63090MH1984PTC034075

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AABCT9850B1ZC

 

 

TIN No:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCT9850B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :
  • The company has CHA license operative at all major ports of India. Network of the freight forwarding agents in all continents has helped in at all major ports of India. Network of the freight forwarding agents in all continues has helped in freight forwarding business. The company’s long term objective is to established itself in the top bracket of the logistics industry.  

 

  • The company is engaged in providing warehousing and 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 :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1984. The company is engaged in providing warehousing and logistics services.

 

As per the financial records of 2017, the company has achieved a fair growth of 8.09% in its revenue as compared to the previous year’s revenue and has gained an average net profit margin of 3.98%.

 

The company possess satisfactory financial position marked by above average net worth base along with low debt balance sheet profile and fair liquidity position.

 

Rating takes into consideration the company’s favourable Earnings Per Share (EPS) of INR 154.15 as against its face value (FV) of INR 100.

 

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 condition.

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

 

 

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 15.05.2018

 

 

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 (Tel No.:91-22 - 40767676)

 

91-22-23480595 (Continuously Ringing)

 

 

LOCATIONS

 

Registered Office :

Viraj Impex House, 47, P. D’Mello Road, Mumbai – 400007, Maharashtra, India

Tel. No.:

91-22 - 4076 7676 / 4076 1800 

Fax No.:

91-22-2348 1155

E-Mail :

haresh_sanghvi@rediffmail.com
info@totalgroup.in

rashmi.gala@totalgroup.in

Website :

http://www.totalgroup.in

 

 

Branch Office :

Also located at:

 

·         Mumbai

·         Pune

·         Ahmedabad

·         New Delhi

·         Bangalore

·         Belgaum

·         Chennai

·         Cochin

·         Coimbatore

·         Goa

·         Gurgaon

·         Hubli

·         Hyderabad

·         Indore

·         Jammu

·         Mysore

·         Nasik

 

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Vishal Vijay Gupta

Designation :

Director

Address :

2A, Sarswati Sadan, 47, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India

Date of Appointment :

25.06.2007

DIN No:

00191141

 

 

Name :

Mr. Vijay Rajendraprasad Gupta

Designation :

Director

Address :

2A, Sarswati Sadan, 47, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India

Date of Appointment :

21.11.2002

DIN No:

00190962

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

Vishal Vijay Gupta

 

45720

Vijay Rajendraprasad Gupta

 

52980

Vivek V. Gupta

 

1300

Total

 

100000

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

100.00

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :
  • The company has CHA license operative at all major ports of India. Network of the freight forwarding agents in all continents has helped in at all major ports of India. Network of the freight forwarding agents in all continues has helped in freight forwarding business. The company’s long term objective is to established itself in the top bracket of the logistics industry.  

 

  • The company is engaged in providing warehousing and logistics services.

 

(Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99672900

Warehousing & Custom Clearance

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

  • State Bank of India, Vashi Turbhe Branch, Devgiri Complex, Phase II, sector 19, Vashinavi Mumbai-400703, Maharashtra, India

 

  • New India Co-Operative Bank Limited, Gunbow Street, Fort, Mumbai-400001, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

From Banks Loan

 

 

HDFC Car Loan Account No.38947474

(Car loan against hypothecation of vehicles)

0.289

0.506

P and M Loan against hypothecation of equipments

HDFC Crane Loan Account No.82002912

0.476

0.000

Short-term borrowings

 

 

HDFC Cash Credit

Loan repayable on demand (from Banks, secured)

(Secured against hypothecation of Book Debts and Properties of group companies and personal guarantee of the Directors)

30.769

22.586

Total

31.534

23.092

 

Auditors :

 

Name :

JKJS and Company

Chartered Accountants

Address :

A-Wing, 410, 4th Floor, Express Zone, Western Express Highway, Diagonally Opposite Oberoi Mall, Goregaon (East), Mumbai – 400063, Maharashtra, India

Tel. No.:

91-22-28783180/ 81/ 82

Fax No.:

91-22-28783181

E-Mail :

cajkjs@gmail.com

Income-tax PAN of auditor or auditor's firm :

AACFJ9014B

Website:

http://www.jkjs.co.in

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates :
  • Sehore Agri Services Private Limited (U01403MH2014PTC255411)
  • Jind Agri Services Private Limited (U01100DL2017PTC321713)
  • Total Agri Services Ahmedabad Private Limited (U01110DL2017PTC321714)

 

 

Enterprises over which person covered under category (II above are able to excise significant control):

  • A.V. Capital Holdings Private Limited
  • Apta Technology Private Limited
  • Excellent Transport Private Limited
  • Interfreight Forwarders Private Limited
  • Jagraon Agri Services Private Limited
  • Khanna Agri Services Private Limited
  • Lanmine Developers Private Limited
  • Sahara Properties Private Limited
  • Surat Goods Transport Private Limited
  • Surat Goods Transport Service
  • Total Agri Services Private Limited
  • Total Aviation Services Private Limited
  • Total Distrikpark Private Limited
  • Totak Freight Solution Private Limited
  • Total Logistics HK Limited
  • Veda Properties Private Limited
  • Vedant Impex Private Limited

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

INR 100/- each

INR 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

INR 100/- each

INR 10.000 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

10.000

10.000

10.000

(b) Reserves & Surplus

133.726

118.311

107.368

(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)

143.726

128.311

117.368

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.765

0.506

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.765

0.506

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

85.906

87.872

111.157

(b) Trade payables

60.354

52.306

51.587

(c) Other current liabilities

8.508

4.978

12.834

(d) Short-term provisions

55.244

67.548

59.346

Total Current Liabilities (4)

210.012

212.704

234.924

 

 

 

 

TOTAL

354.503

341.521

352.292

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

11.174

12.960

14.240

(ii) Intangible Assets

2.200

0.000

0.000

(iii) 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

39.920

39.400

29.026

(c) Deferred tax assets (net)

0.621

0.777

0.517

(d)  Long-term Loan and Advances

19.019

18.585

15.985

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

72.934

71.722

59.768

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

204.508

168.886

205.602

(d) Cash and cash equivalents

15.788

17.274

9.782

(e) Short-term loans and advances

61.273

83.639

77.140

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

281.569

269.799

292.524

 

 

 

 

TOTAL

354.503

341.521

352.292

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

387.256

358.258

415.992

 

Other Income

3.380

0.979

2.498

 

TOTAL

390.636

359.237

418.490

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Operating Expenses

226.678

208.269

247.339

 

Employees benefits expense

83.268

76.967

74.471

 

Other expenses

41.846

41.461

48.870

 

TOTAL

351.792

326.697

370.680

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

38.844

32.540

47.810

 

 

 

 

 

Less

FINANCIAL EXPENSES

11.673

12.874

11.978

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

27.171

19.666

35.832

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

3.667

3.371

4.536

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

23.504

16.295

31.296

 

 

 

 

 

Less

TAX

7.769

5.352

10.186

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

15.735

10.943

21.110

 

 

 

 

 

Less:

Short Provision of Tax for earlier years

0.320

0.000

0.382

 

 

 

 

 

 

 PROFIT FOR THE YEAR

15.415

10.943

20.728

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

118.184

107.241

86.513

 

 

 

 

 

 

Balance Carried to the B/S

133.599

118.184

107.241

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

0.462

15.126

12.502

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

154.15

109.43

207.27

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

192.75

172.06

180.40

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.89

2.12

2.02

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

2.90

2.51

3.36

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.59

0.62

0.67

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.60

0.69

0.95

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.46

1.66

2.00

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.09

0.10

0.12

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

3.33

2.53

3.99

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

3.98

3.05

4.98

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

4.35

3.20

5.88

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

10.73

8.53

17.66

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.34

1.27

1.25

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.34

1.27

1.25

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.41

0.38

0.33

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

8.67

8.84

11.12

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.34

1.27

1.25

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

10.000

10.000

10.000

Reserves & Surplus

107.368

118.311

133.726

Net worth

117.368

128.311

143.726

 

 

 

 

long-term borrowings

0.000

0.506

0.765

Short term borrowings

111.157

87.872

85.906

Total borrowings

111.157

88.378

86.671

Debt/Equity ratio

0.947

0.689

0.603

 

 

 

 

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

415.992

358.258

387.256

 

 

(13.879)

8.094

 

 

 

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

415.992

358.258

387.256

Profit /(Loss)

20.728

10.943

15.415

 

4.98%

3.05%

3.98%

 

 

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

 

31.03.2017

31.03.2016

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

10.000

10.000

(b) Reserves & Surplus

 

172.193

164.673

(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)

 

182.193

174.673

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

0.765

0.506

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

0.765

0.506

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

85.906

87.872

(b) Trade payables

 

60.354

52.306

(c) Other current liabilities

 

8.508

4.978

(d) Short-term provisions

 

55.244

67.548

Total Current Liabilities (4)

 

210.012

212.704

 

 

 

 

TOTAL

 

392.970

387.883

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

11.174

12.960

(ii) Intangible Assets

 

2.200

0.000

(iii) Capital work-in-progress

 

0.000

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

78.387

85.762

(c) Deferred tax assets (net)

 

0.621

0.777

(d)  Long-term Loan and Advances

 

19.019

18.585

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

111.401

118.084

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

0.000

0.000

(c) Trade receivables

 

204.508

168.886

(d) Cash and cash equivalents

 

15.788

17.274

(e) Short-term loans and advances

 

61.273

83.639

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

281.569

269.799

 

 

 

 

TOTAL

 

392.970

387.883

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

 

387.256

358.258

 

Other Income

 

3.380

0.979

 

TOTAL

 

390.636

359.237

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Operating Expenses

 

226.678

208.269

 

Employees benefits expense

 

83.268

76.967

 

Other expenses

 

41.846

41.461

 

TOTAL

 

351.792

326.697

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

38.844

32.540

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

11.673

12.874

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

27.171

19.666

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

 

3.667

3.371

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

23.504

16.295

 

 

 

 

 

Less

TAX

 

8.089

5.352

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

15.415

10.943

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

154.15

109.43

 

 

 

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

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

STATE OF COMPANY’S AFFAIRS AND FUTURE OUTLOOK

 

 

The revenue from operations for the financial year 2016-17 at INR 387.256 million last INR 358.258 million in financial year 2015-16.

 

The earnings before Depreciation and Tax in financial year 2016-17 was INR 38.844 million

 

The Profit After Tax for the financial year 2016-17 is INR 15.415 million and INR 10.943 million in financial year 2015-16. Recording 40.87% increase in net profit and expecting same to be 33.33% in FY 2017-18 and onwards.

 

 

BACKGROUND

 

The Company started its operations a decade back. With the total Group’s experience in logistics domain and presence in pan presence in pan-India, it achieved significant growth in 3PL and allied activities. Today it manages more than one million square feet of warehouse and inventory of about INR 100.000 million across various locations. The company has CHA license operative at all major ports of India. Network of the freight forwarding agents in all continents has helped in at all major ports of India. Network of the freight forwarding agents in all continues has helped in freight forwarding business. The company’s long term objective is to established itself in the top bracket of the logistics industry.

 

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

From related parties

44.137

59.286

From others

11.000

6.000

Total

55.137

65.286

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G68407857

100138352

HDFC BANK LIMITED

07/08/2017

-

-

377050.0

HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN

2

G68375104

100138263

HDFC BANK LIMITED

21/07/2017

-

-

2050000.0

HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN

3

B85338176

10354412

HDFC BANK LIMITED

11/05/2012

20/09/2013

-

55000000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

4

A45881406

10123495

NEW INDIA CO-OPERATIVE BANK LIMITED

02/09/2008

-

-

514000.0

Gunbow Street,FortMUMBAIMH400001IN

5

G76597541

10278351

State Bank of India

15/03/2011

-

02/02/2018

40000000.0

Vashi Turbhe Branch, Devgiri Complex, Phase IISector 19, VashiNavi MumbaiMH400703IN

6

G76596543

10278344

State Bank of India

16/03/2011

-

02/02/2018

40000000.0

Vashi Turbhe Branch, Devgiri Complex, Phase IISector 19, VashiNavi MumbaiMH400703IN

 

 

 

FIXED ASSETS

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 67.32

UK Pound

1

INR 91.25

Euro

1

INR 80.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

SWT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

MTN

 

 

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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.