MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRUMP IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
301, 3rd
Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.05.2006 |
|
|
|
|
Com. Reg. No.: |
11-161869 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199MH2006PTC161869 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13649G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4622L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Steel. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Management has failed to file the latest financials as on 2012 with the
Government Department. As per available financials, the profit margin appears to be very low
during 2011. Further site visit was conducted at the given address but our
executive was denied to enter the premises. As confirmed by the watchman the
subject has been shifted from the said premises since 5 months. From indirect source we found another address which is located at
Masjid Bunder “M 9 G, Giri Raj Building, Mezzanine Floor, 73, Sant Tukaram
Marg, Carnac Bunder, Masjid Bunder (East), Mumbai – 400009”. Our executive
visited premises but we came to know that it has been vacant from last 4
years. However, business is active as per the of Registrar of companies.
Payment terms are unknown. The company can be considered for business dealings with great
caution. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIS Rating: SE2C |
|
Rating Explanation |
High performance capability and low financial strength. |
|
Date |
February 6, 2013 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
301, 3rd
Floor, Cello Plaza, V.P. Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
|
Tel. No.: |
91-22-26716815 |
|
Mobile No.: |
91-9869040732 (Mr. Devang Mehta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Devang Amulakh Mehta |
|
Designation : |
Director |
|
Address : |
A-10, Gautam Dhan Apartments, Bajaj Road, Vile Parle (West), Mumbai –
400 056, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1974 |
|
Date of Appointment : |
18.05.2006 |
|
DIN No.: |
02268480 |
|
|
|
|
Name : |
Ms. Jigna Devang Mehta |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
A-10, Gautam Dhan Apartments, Bajaj Road, Vile Parle (West), Mumbai –
400 056, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1975 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02738145 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Devang Amulakh Mehta |
|
454000 |
|
Jigna Devang Mehta |
|
4000 |
|
Amulakh Bhupatlal Mehta |
|
2000 |
|
Total
|
|
460000 |
AS ON 29.06.2012
|
Names of Allottee |
|
No. of Shares |
|
Devang Mehta (HUF) |
|
1790000 |
|
Total
|
|
1790000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Steel. |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
·
AJS Impex ·
Amicus Overseas Private Limited ·
Good Value Fin Services ·
Nirmal Bang ·
S. Global ·
Thakkar Plastic ·
Sonal Packaging ·
SM Transport |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
Damco Plast ·
Flex World Inc. ·
J.K. Holding ·
Metro Ispat ·
Mehta Trade ·
Genius Leather Craft ·
Regency Ispat ·
Star Trading Corporation |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod K. Mehta and Company Chartered Accountants |
|
Address : |
B-5, Satyam Shopping Centre, Ghatkopar (East), Mumbai – 400 077,
Maharashtra, India |
|
PAN No.: |
AADFV6947N |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital : Rs.25.000 millions
Issued, Subscribed & Paid-up Capital : Rs.15.255
millions
AS ON 30.09.2011
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 |
|
460000 |
Equity Shares |
Rs.10/- each |
Rs.4.600
Millions |
|
|
|
|
|
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 |
4.600 |
4.600 |
4.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.170 |
1.627 |
1.099 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.770 |
6.227 |
5.699 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
24.064 |
0.057 |
10.594 |
|
|
2] Unsecured Loans |
5.070 |
0.300 |
0.125 |
|
|
TOTAL BORROWING |
29.134 |
0.357 |
10.719 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
35.904 |
6.584 |
16.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.839 |
0.401 |
0.472 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
45.575
|
34.557 |
13.667
|
|
|
Sundry Debtors |
27.139
|
84.244 |
29.826
|
|
|
Cash & Bank Balances |
3.741
|
1.415 |
1.165
|
|
|
Other Current Assets |
0.989
|
0.990 |
0.148
|
|
|
Loans & Advances |
11.781
|
2.469 |
2.455
|
|
Total
Current Assets |
89.225
|
123.675 |
47.261 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
54.202
|
117.151 |
31.033
|
|
|
Other Current Liabilities |
0.375
|
0.065 |
0.000
|
|
|
Provisions |
0.583
|
0.276 |
0.282
|
|
Total
Current Liabilities |
55.160
|
117.492 |
31.315 |
|
|
Net Current Assets |
34.065
|
6.183 |
15.946
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
35.904 |
6.584 |
16.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
163.354 |
114.588 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
159.602 |
163.354 |
114.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
158.809 |
162.555 |
113.953 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
158.809 |
162.555 |
113.953 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.793 |
0.799 |
0.635 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.250 |
0.270 |
0.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.543 |
0.529 |
0.485 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.18 |
1.15 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.34
|
0.32 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.87
|
0.64 |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.30 |
0.06 |
1.88
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62 |
1.05 |
1.51
|
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
Yes |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
31.03.2010 (Rs. in Millions) |
|
Loans from Directors |
|
|
|
Devang Mehta |
2.510 |
0.175 |
|
Jayesh A. Mehta |
0.000 |
0.075 |
|
Amulakh Bhupatlal Mehta |
0.050 |
0.050 |
|
Jigna Mehta |
2.510 |
0.000 |
|
Total |
5.070 |
0.300 |
Note:
The registered office of the company has been shifted from A-10, Gautam Dhan
Apartments, Bajaj Road, Vile Parle (West), Mumbai – 400 056, Maharashtra to
the present address w.e.f. 28.01.2013.
Bankers Charges Report
as per Registry
|
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 |
301, 3rd
Floor, Cello Plaza, V.P. Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India E-Mail: dmehta413@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Dena Bank, Manoj
Villa, D.J. Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India E-Mail: vilwes@denabank.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Agreement of
Hypothecation (Goods, Book Debts and other Movable Assets to secure Multiple
Facilities) |
|
Date of
instrument Creating the charge |
08.02.2013 |
|
Amount secured by
the charge |
Rs.47.500
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: BR + 6.80% -
1.75% i.e. 15.50% at present subject to change as per HO Guidelines. Terms of
Repayment: As per agreement
and Sanction letter Margin: Facility 1:
Stock-25%, Book debt (upto 90 days)- 50% Facility 2: 20%
both on DA and DP LC Extent and
Operation of the charge: As per agreement |
|
Short particulars
of the property charged |
Hypothecation of Stocks
and Book Debts arising out of genuine sales transaction. Shipping
documents accompanied by Bill of Lading/Airway Bills, Railway Receipts/Motor
Transport Receipts of approved transport operators As per agreement |
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 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.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.