MIRA INFORM REPORT
|
Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAJIR PRIVATE LIMITED |
|
|
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|
Registered
Office : |
Adie Mansion,334, Maulana, Shaukat Ali Road, Mumbai – 400007,
Maharashtra |
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|
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
20.06.1950 |
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|
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|
Com. Reg. No.: |
11-008129 |
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Capital
Investment / Paid-up Capital : |
Rs.11.204 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH1950PTC008129 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMTO9552E |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACT1959Q |
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|
|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Importer and Distributor of food items. |
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|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an old and established company having satisfactory track
record. Company has performed well. Overall financial position of the company
is decent. Trade relation reported to be fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Asif |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-23010446 |
|
Date : |
31.12.2014 |
LOCATIONS
|
Registered Office : |
Adie Mansion,334, Maulana, Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Tel. No.: |
91-22-23010446 |
|
Fax No.: |
91-22-23078761/ 39167202 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Yusuf Gulamally |
|
Designation : |
Director |
|
Address : |
184, Mehrdad Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India
|
|
Date of Birth/Age : |
07.03.1940 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023671 |
|
|
|
|
Name : |
Mr. Mufaddal Yusuf |
|
Designation : |
Director |
|
Address : |
Adie Mansion 334, Maulana Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
26.10.1976 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023687 |
|
|
|
|
Name : |
Mr. Ali Asger Yusuf |
|
Designation : |
Director |
|
Address : |
Adie Mansion 334, Maulana Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1974 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023697 |
KEY EXECUTIVES
|
Name : |
Mr. Asif |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Yusuf Gulamally |
344232 |
|
Aliasger Yusuf |
281618 |
|
Dilshad Yusuf |
150355 |
|
Mufaddal Yusuf |
290685 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Distributor of food items. |
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Food Items |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Lakhani and Company Chartered Accountants |
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Address : |
Hemsharsaka,19 Gola Lane, Behind Badri Mahal, Fort, Mumbai – 400001,
Maharashtra, India |
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PAN No.: |
AAFFL2613R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities over which Key Management Personnel having significant
control and Influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/-each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1120434 |
Equity Shares |
Rs.10/-each |
Rs.11.204 Million |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.204 |
10.506 |
7.926 |
|
(b) Reserves &
Surplus |
125.646 |
55.115 |
33.029 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
8.072 |
2.580 |
|
Total Shareholders’ Funds
(1) + (2) |
136.850 |
73.693 |
43.535 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
69.128 |
54.990 |
17.190 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.100 |
0.600 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
70.228 |
55.590 |
17.190 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
39.972 |
39.932 |
22.837 |
|
(c) Other current
liabilities |
2.526 |
17.916 |
6.142 |
|
(d) Short-term provisions |
3.315 |
0.047 |
0.639 |
|
Total Current Liabilities
(4) |
45.813 |
57.895 |
29.618 |
|
|
|
|
|
|
TOTAL |
252.891 |
187.178 |
90.343 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
43.039 |
38.697 |
18.660 |
|
(ii) Intangible Assets |
0.040 |
0.037 |
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 |
0.695 |
0.695 |
0.695 |
|
(c) Deferred tax assets
(net) |
0.340 |
0.665 |
0.584 |
|
(d) Long-term Loan and Advances |
24.957 |
15.302 |
4.225 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
69.071 |
55.396 |
24.164 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
87.076 |
74.333 |
41.772 |
|
(c) Trade receivables |
72.887 |
50.023 |
13.838 |
|
(d) Cash and cash
equivalents |
17.497 |
5.520 |
6.683 |
|
(e) Short-term loans and
advances |
6.360 |
1.906 |
3.886 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
183.820 |
131.782 |
66.179 |
|
|
|
|
|
|
TOTAL |
252.891 |
187.178 |
90.343 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES AND OTHER INCOME |
624.809 |
450.755 |
243.498 |
|
|
|
|
|
|
|
Less |
EXPENSES |
564.790 |
413.989 |
224.613 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
60.019 |
36.766 |
18.885 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.914 |
3.332 |
3.144 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
56.105 |
33.434 |
15.741 |
|
|
|
|
|
|
|
Less |
TAX |
18.525 |
10.973 |
5.275 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
37.580 |
22.461 |
10.466 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
47.839 |
25.378 |
14.911 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
85.419 |
47.839 |
25.377 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Commission
Received |
35.077 |
24.845 |
16.367 |
|
|
TOTAL
EARNINGS |
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded
Goods |
468.846 |
367.575 |
199.463 |
|
|
TOTAL
IMPORTS |
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Total Income |
(%) |
6.01
|
4.98 |
4.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.28 |
17.99 |
17.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.45 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.51 |
0.75 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.01 |
2.28 |
2.23 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
7.926 |
10.506 |
11.204 |
|
Reserves & Surplus |
33.029 |
55.115 |
125.646 |
|
Share Application money
pending allotment |
2.580 |
8.072 |
0.000 |
|
Net worth |
40.955 |
65.621 |
136.850 |
|
|
|
|
|
|
long-term borrowings |
17.190 |
54.990 |
69.128 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
17.190 |
54.990 |
69.128 |
|
Debt/Equity ratio |
0.420 |
0.838 |
0.505 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
243.498 |
450.755 |
624.809 |
|
|
|
85.117 |
38.614 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
243.498 |
450.755 |
624.809 |
|
Profit |
10.466 |
22.461 |
37.580 |
|
|
4.30% |
4.98% |
6.01% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS = NOT AVAILABLE
|
Sr. No. |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
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 |
No |
INDEX OF CHARGES
NO CHARGES EXIST FOR
COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans repayment on
demand |
|
|
|
From Related
Parties |
|
|
|
From Director |
27.488 |
22.250 |
|
From Shareholders |
2.940 |
3.440 |
|
From Others |
5.536 |
9.900 |
|
From Other Parties |
|
|
|
From Shareholders |
33.164 |
19.400 |
|
Total |
69.128 |
54.990 |
FIXED ASSETS
- Air Conditioner
- Computers
- Electric
Installations
- Furniture and
Fixture
- Plant and
Machinery
- Office
Equipment
- Motor Car
- Hardware
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 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.63.32 |
|
|
1 |
Rs.98.63 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.