MIRA INFORM REPORT

Report Date :

01.02.2012

IDENTIFICATION DETAILS

Name :	TAJIR OVERSEAS LIMITED
Registered Office :	334, Adie Mansion, Maulana Shaukatali Road, Mumbai – 400007, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.12.1995
Com. Reg. No.:	11-095554
Capital Investment / Paid-up Capital :	Rs.0.513 Million
CIN No.: [Company Identification No.]	U51900MH1995PLC095554
TAN No.: [Tax Deduction & Collection Account No.]	MUMT05297F MUMT04821F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is mainly engaged in Food Processing – dairy products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 2000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. The company has been successful in wiping off the accumulated losses of the previous year. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small business dealings with slight cautions.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	334, Adie Mansion, Maulana Shaukatali Road, Mumbai – 400007, Maharashtra, India
Tel. No.:	91-22-23086077
Fax No.:	91-22-23078761
E-Mail :	pkscpu@gmail.com

DIRECTORS

As on 31.03.2011

Name :

Mr. Dnyaneshwar Babaji Phalke

Designation :

Additional Director

Address :

Worli Village, Mumbai - 400025, Maharashtra, India

Date of Birth/Age :

10.09.1976

Date of Appointment :

11.12.2009

DIN No.:

00791366

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U52599MH2007PTC168312	DN Impex Private Limited	Director	2/03/2007	2/03/2007	20/09/2010	Active	NO
U74900MH2007PTC172411	SPNR Esolutions Private Limited	Director	16/07/2007	16/07/2007	-	Active	NO
U15500MH2008PTC187325	Snneha Natural World Private Limited	Director	7/10/2008	7/10/2008	23/12/2011	Active	NO
U52190MH2009PTC195618	Edwin Commerce Private Limited	Additional director	22/09/2009	22/09/2009	-	Active	NO
U18101MH1996PTC100891	NRK Overseas (India) Private Limited	Director	26/09/2009	26/09/2009	-	Active	YES
U51900MH1995PLC095554	Tajir Overseas Limited	Additional director	11/12/2009	11/12/2009	-	Active	NO
U93000MH2010PTC198865	Shree Perfect-Tech Solutions Private Limited	Director	13/01/2010	13/01/2010	-	Active	NO
U01110MH1987PTC042428	Seema Agro Private Limited	Additional director	1/02/2010	1/02/2010	-	Active	NO
U93000MH2010NPL199814	Setu Prayas Samsadhan Foundation	Director	8/02/2010	8/02/2010	-	Active	NO
U51900MH1997PTC107273	Champion Supermarket Private Limited	Additional director	17/03/2010	17/03/2010	-	Active	NO
U74120MH2011PTC211876	Sarvajita Gramin Venture Private Limited	Director	5/01/2011	5/01/2011	-	Active	NO
U74900MH2011PTC212198	Sanjha Distribution Private Limited	Director	11/01/2011	11/01/2011	-	Active	NO
U74999MH2011PTC212285	Sajha Rural Business Private Limited	Director	13/01/2011	13/01/2011	-	Active	NO
U74900MH2011PTC212338	Sanjha Rural Logistics Private Limited	Director	14/01/2011	14/01/2011	-	Active	NO
U74990MH2011PTC212581	Shudh Farmtofork Private Limited	Director	20/01/2011	20/01/2011	-	Active	NO
U74120MH2011PTC212629	Sab Samaan Fresh Produce Private Limited	Director	21/01/2011	21/01/2011	-	Active	NO
U63000MH2011PTC212710	Sanjhi Cold Chain Private Limited	Director	27/01/2011	27/01/2011	-	Active	NO
U74999MH2011PTC215498	D and A Dainik Dairy Products Private Limited	Director	29/03/2011	29/03/2011	-	Active	NO
U74120MH2011PTC215846	Dainik Nutrition Foods Private Limited	Director	6/04/2011	6/04/2011	-	Active	NO
U74120MH2011PTC216008	D and A Natural Produce Private Limited	Director	11/04/2011	11/04/2011	-	Active	NO
U15400MH2011PTC219735	Ozy Fresh Foods Private Limited	Director	13/07/2011	13/07/2011	-	Active	NO
U15122MH2011PTC220746	Sixpack Nutrition Private Limited	Director	9/08/2011	9/08/2011	-	Active	NO

Name :

Mr. Ravinder Reddy Perati

Designation :

Additional Director

Address :

D.No.6/17, Bombay National Highway Road, Kukatpally, Hyderabad - 500018, Andhra Pradesh, India

Date of Birth/Age :

20.04.1958

Date of Appointment :

11.12.2009

DIN No.:

01747111

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U63022AP1999PTC032838	Ahara Cold Storage Private Limited	Managing director	3/11/2005	3/11/2005	-	Active	NO
U01119AP2007PTC055448	Tulasi Agri and Dairy Farms Private Limited	Managing director	7/09/2007	7/09/2007	29/10/2009	Active	NO
U18101MH1996PTC100891	Nrk Overseas (India) Private Limited	Director	26/09/2009	26/09/2009	-	Active	YES
U51900MH1995PLC095554	Tajir Overseas Limited	Additional director	11/12/2009	11/12/2009	-	Active	NO

Name :

Mr. Amit Pramod Surolia

Designation :

Additional Director

Address :

301, I Nilkamal, Chincholi Fatak, Malad (West), Mumbai - 400064, Maharashtra, India

Date of Birth/Age :

23.12.1985

Date of Appointment :

17.03.2010

DIN No.:

02214020

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U27106MH2008PTC179436	S3 Metal Resources Private Limited	Additional director	17/03/2010	17/03/2010	23/12/2011	Active	NO
U51900MH1995PLC095554	Tajir Overseas Limited	Additional director	17/03/2010	17/03/2010	-	Active	NO
U74900MH2007PTC172411	SPNR Esolutions Private Limited	Additional director	17/03/2010	17/03/2010	-	Active	NO
U52190MH2009PTC195618	Edwin Commerce Private Limited	Additional director	17/03/2010	17/03/2010	-	Active	NO
U74120MH2011PTC215846	Dainik Nutrition Foods Private Limited	Additional director	26/04/2011	26/04/2011	-	Active	NO
U74999MH2011PTC215498	D and A Dainik Dairy Products Private Limited	Additional director	26/04/2011	26/04/2011	-	Active	NO
U74120MH2011PTC216008	D and A Natural Produce Private Limited	Additional director	26/04/2011	26/04/2011	-	Active	NO
U51900MH1997PTC107273	Champion Supermarket Private Limited	Additional director	23/12/2011	23/12/2011	-	Active	NO

Name :

Ramkrishna Sriniwas Dubey

Designation :

Director

Address :

304, Saraswati Sadan No. 7, C, Mumbai - 401105, Maharashtra, India

Date of Birth/Age :

08.05 .1972

Date of Appointment :

11.12.2009

DIN No.:

02214041

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U15500MH2008PTC187325	Snneha Natural World Private Limited	Director	7/10/2008	7/10/2008	23/12/2011	Active	NO
U52190MH2009PTC195618	Edwin Commerce Private Limited	Additional director	22/09/2009	22/09/2009	-	Active	NO
U51900MH1995PLC095554	Tajir Overseas Limited	Director	11/12/2009	11/12/2009	-	Active	NO
U93000MH2010PTC198865	Shree Perfect-Tech Solutions Private Limited	Director	13/01/2010	13/01/2010	6/10/2010	Active	NO
U01110MH1987PTC042428	Seema Agro Private Limited	Additional director	1/02/2010	1/02/2010	-	Active	NO
U51900MH1997PTC107273	Champion Supermarket Private Limited	Additional director	17/03/2010	17/03/2010	-	Active	NO
U15400MH2011PTC219735	Ozy Fresh Foods Private Limited	Director	13/07/2011	13/07/2011	-	Active	NO
U15122MH2011PTC220746	Sixpack Nutrition Private Limited	Director	9/08/2011	9/08/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2011

Names of Shareholders	No. of Shares
Amit Pramod Surolia	49230
Chanchal Surolia	110
Dnyaneshwar Babaji Phalke	1420
Ravinder Reddy Perati	110
Sweety Vijay Patil	400
Total	51270

Equity Share Break up (Percentage of Total Equity)

As on 31.03.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is mainly engaged in Food Processing – dairy products.

Products :

PRODUCT DESCRIPTION	ITEM CODE NO.
Dried Dairy Products, Milk and General Items	401

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	S M Bhat and Associates Chartered Accountants
Address :	Block H, Shri Sadashiv Co-operative Housing Society Limited, 6^th Floor, Santacruz, Mumbai – 400055, Maharashtra, India
PAN.:	AFDPB8752N

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
51270	Equity Shares	Rs.10/- each	Rs.0.513 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.513	0.513	0.513
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.057	(0.184)	(0.296)
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.570	0.329	0.217
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		0.570	0.329	0.217
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.058	0.073	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.234	0.000	0.000
	Cash & Bank Balances	0.097	0.026	0.228
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.266	0.276	0.000
Total Current Assets		0.597	0.302	0.228
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.085	0.046	0.011
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.085	0.046	0.011
Net Current Assets		0.512	0.256	0.217
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.570	0.329	0.217

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	13.816	3.508	0.000
		Other Income	0.000	0.000	0.000
		TOTAL (A)	13.816	3.508	0.000
Less	EXPENSES
		Materials Costs	13.106	3.245	0.000
		Administrative and Other Overheads	0.326	0.038	0.032
		Selling and Distribution Overheads	0.128	0.100	0.000
		TOTAL (B)	13.560	3.383	0.032
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.256	0.125	(0.032)
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.256	0.125	(0.032)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.014	0.014	0.000
	PROFIT BEFORE TAX (E-F) (G)		0.242	0.111	(0.032)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT AFTER TAX (G-H) (I)		0.242	0.111	(0.032)
	Earnings Per Share (Rs.)		4.72	2.16	(0.62)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.75	3.16	0.00
Net Profit Margin (PBT/Sales)	(%)	1.75	3.16	0.00
Return on Total Assets (PBT/Total Assets}	(%)	36.95	29.60	(14.03)
Return on Investment (ROI) (PBT/Networth)		0.42	0.34	(0.15)
Debt Equity Ratio (Total Liability/Networth)		0.15	0.14	0.05
Current Ratio (Current Asset/Current Liability)		7.02	6.56	20.72

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS AND FINANCIAL HIGHLIGHTS

The Company achieved sales of Rs.13.816 Millions (PY Rs. 3.508 Millions) and Profit before Tax (PBT) of Rs. 0.111 Million (PY Rs.0.242 Million) in the year under report. The company has adopted new business model consequent to changes in the shareholding and management, the company will enter into food processing industry, cold chain, logistics and distribution.

OUTLOOK

Food-Processing segment is the area under which your company is expanding it's operations besides cold chain, logistics and distribution. In view of sizeable investment requirement of the sector, various incentives are being provided to this sector by Central and State Governments to control the annual losses suffered by the farmers due to lack of processing facilities.

The capacity and efficiency levels are to be increased to benefit the consumers and producers. Besides meeting the growing demand of domestic market, there is potential in the global markets also.

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 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	Indian Rupees
US Dollar	1	Rs.49.68
UK Pound	1	Rs.78.17
Euro	1	Rs.65.52

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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.