MIRA INFORM REPORT
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Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRUMP IMPEX PRIVATE LIMITED |
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Registered
Office : |
A-10 Gautam Dhan Apartments, Bajaj Road Vile Parle West, Mumbai –
400056, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
18.05.2006 |
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Com. Reg. No.: |
11-161869 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.600 Millions |
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CIN No.: [Company Identification
No.] |
U25199MH2006PTC161869 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13649G |
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PAN No.: [Permanent Account No.] |
AACCT4622L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Steel |
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No. of Employees
: |
14 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 23000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management of the company has not filed its financials with the government
departments after the year 2009. However, trade relations are reported as
fair. Business is active. Payments are unknown. The company can be considered for business dealings with some
cautions. Profit and Loss of the current year is not available. |
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Devang |
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Designation : |
Director |
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Date : |
04.01.2012 |
LOCATIONS
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Registered Office : |
A-10 Gautam Dhan Apartments, Bajaj Road Vile Parle West, Mumbai –
400056, Maharashtra, India |
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Tel. No.: |
91-22-23473819 |
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Mobile No.: |
91-9869040732 (Mr. Mahta) |
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Fax No.: |
91-22-23473819 |
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E-Mail : |
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Area : |
700 sq.ft. |
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Location : |
Owned |
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Branch Office : |
Mag, Giri raj Building Magzzine Floor, 73 Sant Tukaram Road, Carnec
Bunder, Masjid Bandra (East), Mumbai – 400009, Maharashtra, India |
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Location : |
Owned |
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Warehouse : |
Bhiwandi, |
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Area : |
2000 sq.ft. |
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Location : |
Rented |
DIRECTORS
AS ON 30.09.2009
|
Name : |
Mr. Jayesh A. Mehta |
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Designation : |
Director |
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Address : |
A-10, Gautam Dhan Apartment, |
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Date of Birth/Age : |
04.09.1968 |
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Date of Appointment : |
18.05.2006 |
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DIN No.: |
01584717 |
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Name : |
Mr. Amulakh Bhupatray Mehta |
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Designation : |
Director |
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Address : |
108, |
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Date of Birth/Age : |
14.09.1938 |
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Date of Appointment : |
18.05.2006 |
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DIN No.: |
01584664 |
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Name : |
Mr. Devangd Mehta |
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Designation : |
Director |
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Address : |
A-10, Gautam Dhan Apartment, |
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Date of Birth/Age : |
04.09.1974 |
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Date of Appointment : |
18.05.2006 |
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DIN No.: |
02268480 |
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Name : |
Mrs. Jigna D. Mehta |
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Date of Birth/Age : |
36 years |
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Qualification : |
Interior Design |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
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Names of Shareholders |
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No. of Shares |
|
Amulakh Mehta |
|
2000 |
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Jayesh Mehta |
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4000 |
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Devang Mehta |
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454000 |
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Total |
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460000 |
AS ON 30.09.2009
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Equity Shares
Break Up |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Steel |
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Imports : |
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Products : |
Steel |
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Countries : |
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Terms : |
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Selling : |
Immediate Payments |
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Purchasing : |
10 day Credit |
GENERAL INFORMATION
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Customers : |
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Suppliers : |
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No. of Employees : |
14 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
Vinod K. Mehta and Company Chartered Accountant |
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Address : |
B-5, Satyam Shopping Centre, Ghatkopar (East), Mumbai – 400077, |
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Pan No.: |
AADFV6947N |
CAPITAL STRUCTURE
AS ON 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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460000 |
Equity Shares |
Rs.10/- each |
Rs. 4.600
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.600 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.098 |
0.506 |
0.128 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.698 |
0.606 |
0.228 |
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LOAN FUNDS |
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1] Secured Loans |
10.593 |
0.612 |
0.589 |
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2] Unsecured Loans |
0.125 |
0.257 |
5.860 |
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TOTAL BORROWING |
10.718 |
0.869 |
6.449 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.416 |
1.475 |
6.677 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.471 |
0.557 |
0.749 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.042 |
0.013 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
13.667
|
6.991 |
6.592 |
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Sundry Debtors |
29.826
|
9.400 |
9.587 |
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Cash & Bank Balances |
1.164
|
0.368 |
0.235 |
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Other Current Assets |
0.147
|
0.134 |
0.026 |
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Loans & Advances |
2.454
|
0.590 |
0.000 |
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Total
Current Assets |
47.258
|
17.483 |
16.440 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
31.032
|
16.263 |
9.914 |
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Other Current Liabilities |
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Provisions |
0.281
|
0.344 |
0.611 |
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Total
Current Liabilities |
31.313
|
16.607 |
10.525 |
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Net Current Assets |
15.945
|
0.876 |
5.915 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.416 |
1.475 |
6.677 |
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Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
|
170.000 |
150.000 |
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Expected Sales (2011-2012) : Rs. 650.000 millions
The above information has been parted by Mr. Devang.
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.37
|
28.83 |
74.44 |
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Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.05 |
1.56 |
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1. Year of Establishment |
Yes |
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2. Locality of the firm |
Yes |
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3. Constructions of the firm |
Yes |
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4. Premises details |
Yes |
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5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoter’s background |
----------- |
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8. No. of Employees |
Yes |
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9. Name of person contacted |
Yes |
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10. Designation of contact person |
Yes |
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11. Turnover of firm for last three years |
Yes |
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12. Profitability for last three years |
No |
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13. Reasons for variation <> 20% |
----- |
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14. Estimation for coming financial year |
Yes |
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15. Capital in the business |
Yes |
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16. Details of sister concerns |
Yes |
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17. Major suppliers |
Yes |
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18. Major customers |
Yes |
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19. Payments terms |
Yes |
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20. Export / Import details |
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21. Market information |
------- |
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22. Litigations that the firm / promoter involved |
------ |
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23. Banking Details |
Yes |
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24. Banking facility details |
No |
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25. Conduct of the banking account |
------ |
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26. Buyer visit details |
------ |
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27. Financials, if provided |
No |
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28. Incorporation details, if applicable |
------ |
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29. Last accounts filed at ROC |
------ |
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30. Major Shareholders, if available |
------ |
FORM 8
|
Corporate
identity number of the company |
U25199MH2006PTC161869 |
|
Name of the
company |
TRUMP IMPEX
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
A 10 Gautam Dhan
Apartments, Bajaj Road Vile Parle West Mumbai – 400056,
Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts |
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Particular of
charge holder |
The Hongkong And
Sanghai Banking Corporation, 52/60 M G Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement for Overdraft/Loan
and/or any other Banking Facilities against Hypothecation of Book Debts. |
|
Date of
instrument Creating the charge |
03/07/2008 |
|
Amount secured by
the charge |
Rs. 12.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rate of Interest
@ 12.50% p.a. shall be calculated on the daily balance payable by the
Borrower to the Bank. Terms of repayment On Demand Margin As may be
stipulated by Bank from time to time.` Extent and operation of the charge The Company
hypothecates by way of first charge of book debts as described in Column No.
14 as security for the payment to the Bank of the balance at any time at
debit of the said facilities together
with all interest discount commission charges costs and expenses payable to
or incurred by the Bank in relation to any such indebtedness or liabilities. Other |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
specific receivables of the factored debts of specific debtors of the
Borrower as stated |
TRADE REFERNCES :
- Anand Enterprises
- A G S Impex Private Limited
- Halton Packaging
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 52.78 |
|
|
1 |
Rs. 81.78 |
|
Euro |
1 |
Rs. 67.46 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
--- |
|
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 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.