MIRA INFORM REPORT

 

 

Report No. :

318536

Report Date :

25.04.2015

 

IDENTIFICATION DETAILS

 

Name :

YI ENGINEERING LLP

 

 

Registered Office :

Flat No. 203, Gokul Ashirwad, 14 Suvarna Nagar Society, Juhu Scheme N S Road No 4, Vile Parle (West), Mumbai – 400056, Maharashtra

Tel. No.:

91-22-26184346

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

13.02.2013

 

 

Total Obligation of Contribution:

Rs. 0.100 Million

 

 

LLPIN :

AAB-3571

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Manufacturer of basic Metal Products. 

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

 

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

Status :

Moderate

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

Comments :

Subject is a relatively new limited liability partnership firm having moderate track record. Ms. Sonali, Accountant denied to disclose any information to us.

 

As per the financial record of 2014, the firm has not undertaken any business operations and it has incurred huge pre-operating expenses.

 

As per the status in the Registrar of Companies business appears to be active. Payments are reported to be unknown.

 

In view of absence of required information, the limited liability partnership firm can be considered for business dealings on safe and secured 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 

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 DECLINED BY

 

Name :

Ms. Sonali

Designation :

Accountant

Contact No.:

91-22-26184346

Date :

23.04.2015

 

 

LOCATIONS

 

Registered Office :

Flat No. 203, Gokul Ashirwad, 14 Suvarna Nagar Society, Juhu Scheme N S Road No 4, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Tel. No.:

91-22-26184346

Fax No.:

Not Available

E-Mail :

yimpex@gmail.com

dkmroc@gmail.com

 

 

DIRECTORS

 

AS ON 31.03.2014

 

Name :

Mr. Hardik Dinesh Doshi

Designation :

Designated Partner

Address :

Flat No 203, Gokul Ashirwad 14, Suvarna Nagar SCTS, Juhu, Scheme NS Road No.4, Vile Parle [West], Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

12.10.1982

Date of Appointment :

13.02.2013

DPIN No.:

05130756

 

 

Name :

Mrs. Saloni Hardik Doshi

Designation :

Designated Partner

Address :

Flat No 203, Gokul Ashirwad 14, Suvarna Nagar SCTS, Juhu, Scheme NS Road No.4, Vile Parle [West], Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

19.03.1985

Date of Appointment :

13.02.2013

DPIN No.:

05147873

 

 

KEY EXECUTIVES

 

Name :

Ms. Sonali

Designation :

Accountant

 

 

CONTRIBUTION DETAILS 

 

AS ON 31.03.2014

 

Names of Partners

 

Rs. In Million

Hardik Dinesh Doshi

0.050

Saloni Hardik Doshi

0.050

 

 

Total

 

0.100

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of basic Metal Products. 

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Not Divulged

Countries :

Not Divulged

 

 

Imports :

 

Products :

Not Divulged

Countries :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

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

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

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

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Divulged

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Total Obligation of Contribution

 

Rs. 0.100 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2014

31.03.2013

SHAREHOLDERS FUNDS

 

 

 

1] Contribution received

 

0.100

0.100

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

(0.183)

(0.025)

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

(0.083)

0.075

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

 

(0.083)

0.075

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

0.000

0.000

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERRED TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 

0.000

0.000

 

Sundry Debtors

 

0.000

0.000

 

Cash & Bank Balances
 
0.091

0.100

 

Other Current Assets

 

0.000

0.000

 

Loans & Advances

 

0.000

0.000

Total Current Assets
 
0.091

0.100

Less : CURRENT LIABILITIES & PROVISIONS
 
 

 

 

Sundry Creditors

 

0.000

0.000

 

Other Current Liabilities

 

0.174

0.025

 

Provisions

 

0.000

0.000

Total Current Liabilities
 
0.174

0.025

Net Current Assets
 
(0.083)

0.075

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

(0.083)

0.075

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

 

0.000

0.000

 

 

Other Income

 

0.000

0.000

 

 

TOTAL                                    

 

0.000

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Administrative Expenses

 

0.158

0.025

 

 

TOTAL                                    

 

0.158

0.025

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

 

(0.158)

(0.025)

 

 

 

 

 

Less

TAX                                                                 

 

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

 

(0.158)

(0.025)

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2014

31.03.2013

Net Profit Margin

(PAT/Sales)

(%)
 

0.00

0.00

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

(173.63)

(25.00)

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

1.90

(0.33)

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 
 

0.00

0.00

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

0.52

4.00

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

Contribution

0.100

0.100

Reserves & Surplus

-0.025

-0.183

Net worth

0.075

-0.083

 

 

 

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

 

 

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

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

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

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last two years

Yes

12]

Profitability for last two 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

No

18]

Major customers

No

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

No

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

 

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 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. 63.40

UK Pound

1

Rs. 95.42

Euro

1

Rs. 68.49

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

BVA

 

 

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.