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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486162

Report Date :

16.01.2018

 

IDENTIFICATION DETAILS

 

Name :

TPJ LOGIX LLP

 

 

Registered Office :

B-6/1, Commercial Complex, Safdarjung Enclave, South West Delhi, New Delhi-110029

Tel. No.:

91-11-33234511-15

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

25.06.2014

 

 

Total Obligation of Contribution:

INR 0.100 Million

 

 

LLPIN No.:

AAC-4028

 

 

IEC No.:

Not Divulged

 

 

GST No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Limited Liability Partnership 

 

 

Line of Business :

Subject is engaged in the business of Custom House Agents, Freight Forwarding and Transportation, Maintain Warehouses, Supply Goods and Services. [Registered Activity]

 

 

No. of Employees :

Not Available

 

 

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

 

Maximum Credit Limit :

USD 45700

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a limited liability partnership concern established in the year 2014 having satisfactory track record. It is engaged in business of custom house agents, freight forwarding and transportation, maintain warehouses, supply goods and services.

 

As per the available financials of March 2017, the concern has achieved decent growth in its revenue as compared to its previous year and has shown remarkable improvement in its profitability margin during the year.

 

Rating takes into consideration, the satisfactory financial risk profile marked by adequate capital base along with strong debt protection metrics and comfortable cash accruals.

 

However, rating strengths is partially offset by the exposure of company’s revenues and margin to cyclicality present in international trade, intense competitive pressure from other organized as well as unorganized players operating in the fragmented freight forwarding industry.

 

Payments are reported to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings 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.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

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 31-03-2016.

 

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 16.01.2018.

 

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.

 

 

LOCATIONS

 

Registered Office :

B-6/1, Commercial Complex, Safdarjung Enclave, South West Delhi, New Delhi-110029, India

Tel. No.:

Not Available

Mobile No.:

91-9818570800 [Office]

Fax No.:

Not Available

E-Mail :

karoraca@gmail.com

info.del@tpjlogix.com

prateek.del@tpjlogix.com

deepak.del@tpjlogix.com

cs.del@tpjlogix.com

Website :

http://www.tpjlogix.com

 

 

Warehouse :

A-150/151 R.No. 206-208, Second Floor, Road No. 4, Street No. 9, Mahipalpur Extn., New Delhi – 110037, India

Tel. No.:

91-11-33234511-15

 

 

PARTNERS

 

AS ON 31.03.2017

 

Name :

Mrs. Tanvi Jain

Designation :

Designated Partner

Address :

C-37, Green Park Main, New Delhi-110016, India

Date of Birth/Age :

09.03.1990

Date of Appointment :

25.06.2014

DPIN No.:

06882323

 

 

Name :

Mr. Prateek Jain

Designation :

Designated Partner

Address :

C-194, First Floor, Greater Kailash, Part-I, South Delhi, New Delhi-110048, India

Date of Birth/Age :

10.06.1987

Date of Appointment :

25.06.2014

DPIN No.:

06885452

Other Directorship :

List of Companies

CIN/FCRN

Company Name

Begin Date

End Date

U45201DL2012PTC237231

SANTUR SPACES PRIVATE LIMITED

28/11/2014

-

 

 

CONTRIBUTION DETAILS

 

Names of Persons

 

 

INR in Million

Prateek Jain

 

0.060

Tanvi Jain

 

0.040

 

 

 

Total

 

 

0.100

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of Custom House Agents, Freight Forwarding and Transportation, Maintain Warehouses, Supply Goods and Services. [Registered Activity]

 

 

Products/ Services :

·         Custom House Agents

·         Freight Forwarding and Transportation

·         Maintain Warehouses

·         Supply Goods and Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Not Available

 

 

Purchasing :

Not Available

 

PRODUCTION STATUS: (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Available

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Reference:

Not Available

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Not Available

 

 

Bankers :

 

Bank Name:

Not Available

Branch:

--

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

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

--

Account Operation:

--

Remarks:

--

 

 

 

Auditors :

 

Name :

K. Arora and Company 

Chartered Accountants

Address :

D-29, Rear L.G.F. Jangpura Extension, New Delhi-110014, India

Tel. No.:

91-11-24318275

Fax. No.:

91-11-41824078

E-Mail :

kararaca@gmail.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 


 

CAPITAL STRUCTURE

 

Total Obligation of Concern

 

INR 0.100 Million

 


 

FINANCIAL DATA

[all figures are in INR Million]

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2017

31.03.2016

SHAREHOLDERS FUNDS

 

 

 

1] Partner Capital Account

 

0.100

0.100

2] Partner Current Account

 

15.880

15.729

3] Reserves & Surplus

 

0.000

0.000

NETWORTH

 

15.980

15.829

LOAN FUNDS

 

 

 

1] Secured Loans

 

0.000

0.000

2] Unsecured Loans

 

0.000

0.000

TOTAL BORROWING

 

0.000

0.000

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

15.980

15.829

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

0.057

0.084

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

Inventories

 

 

 

Sundry Debtors

 
 

 

 

Cash & Bank Balances

 
 

 

 

Other Current Assets

 
 

 

 

Loans & Advances

 
 

 

Total Current Assets

 
34.297

33.084

Less : CURRENT LIABILITIES & PROVISIONS

 
 
 

 

Sundry Creditors

 

 

Other Current Liabilities

 
 

 

 

Provisions

 
 

 

Total Current Liabilities

 
19.705

19.599

Net Current Assets

 
14.592

13.485

 

 

 

 

Profit & Loss Account

 

1.331

2.260

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

15.980

15.829

 

 

SOURCES OF FUNDS

 

 

 

31.03.2015

SHAREHOLDERS FUNDS

 

 

 

1] Contribution received  

 

 

0.100

2] Reserves & Surplus

 

 

0.000

NETWORTH

 

 

0.100

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

0.000

2] Unsecured Loans

 

 

0.000

TOTAL BORROWING

 

 

0.000

DEFERRED TAX LIABILITIES

 

 

0.000

 

 

 

 

TOTAL

 

 

0.100

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.126

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 

 

0.000

 

Sundry Debtors

 

 

5.602

 

Cash & Bank Balances

 

 

0.704

 

Other Current Assets

 

 

2.436

 

Loans & Advances

 

 

0.472

Total Current Assets

 

 

9.214

Less : CURRENT LIABILITIES & PROVISIONS

 
 
 

 

Sundry Creditors

 

 

3.570

 

Other Current Liabilities

 

 

5.670

 

Provisions

 

 

0.000

Total Current Liabilities

 

 

9.240

Net Current Assets

 

 

(0.026)

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

0.100

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

 

Revenue from Operations

93.945

73.333

7.240

 

 

Other Income

0.000

0.000

0.200

 

 

TOTAL                                    

93.945

73.333

7.440

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Raw Material consumed

83.512

63.098

0.000

 

 

Purchases made for re-sale

0.000

0.000

5.680

 

 

Personnel Expenses

0.000

0.000

2.631

 

 

Payment to auditors

0.160

0.021

0.000

 

 

Insurance Expenses

0.002

0.001

0.000

 

 

Other Expenses

8.020

9.556

1.252

 

 

TOTAL                                    

91.694

72.676

9.563

 

 

 

 

 

 

PROFIT BEFORE INTEREST AND DEPRECIATION AND AMORTISATION

2.251

0.657

(2.123)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

1.289

0.435

0.061

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION 

0.962

0.222

(2.184)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.033

0.058

0.061

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX                        

0.929

0.164

(2.245)

 

 

 

 

 

Less

TAX                                                                 

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX               

0.929

0.164

(2.245)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

39.49

7.82

(16.85)

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.55

0.55

0.99

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.23

1.24

92.40

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.00

0.01

1.26

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.75

1.51

(34.80)

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.99

0.22

(31.01)

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

2.60

0.46

(24.04)

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

5.81

1.04

(2245.00)

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.81

1.80

1.00

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.81

1.80

1.00

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.45

0.45

0.01

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.81

1.80

1.00

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

 

Particulars

31.03.2016

31.03.2017

 

INR In Million

INR In Million

Partner Capital Account

0.100

0.100

Partner Current Account

15.729

15.880

Reserves and Surplus

0.000

0.000

Net worth

15.829

15.980

 

 

 

Secured Loans

0.000

0.000

Unsecured Loans

0.000

0.000

Total borrowings

0.000

0.000

Debt/Equity ratio

0.000

0.000

 

 


 

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

7.240

73.333

93.945

 

 

912.887

28.107

 

 


 

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

7.240

73.333

93.945

Profit/ (Loss)

(2.245)

0.164

0.929

 

(31.01%)

0.22%

0.99%

 


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

Yes

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

No

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

 

 

 

 

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

 

 

FIXED ASSETS:

 

·         Computer

·         Investor

·         Printer

·         EPBX System

 


 

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 63.41

UK Pound

1

INR 87.18

Euro

1

INR 77.45

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

IND

 


 

SCORE FACTORS

 

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

 

 

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.