MIRA INFORM REPORT

 

 

Report No. :

332382

Report Date :

15.07.2015

 

IDENTIFICATION DETAILS

 

Name :

FIZA EXPORT HOUSE

 

 

Registered Office :

408,  Hub Town Viva, Western Express Highway, Jogeshwari (East), Mumbai – 400060, Maharashtra

Tel. No.:

91-22-67080474

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

07.05.2015

 

 

Capital Investment / Paid-up Capital :

Rs. 45.898 Million

 

 

IEC No.:

0315017139

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAEFF1472F

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturing of plastic granuals from scrap and selling of the same.

 

 

No. of Employees :

25 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

NB

New Business

 

Status :

New Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

 

Comments :

Subject is a new partnership concern established on 7th May 2015.

 

However, as claimed by Gaushya Madam (Accountant), subject is going to start its business activities from September 2015.

 

Payment terms are reported to be unknown.

 

Subject can be considered for business dealings on a fully safe and secured business 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 :

Gaushya Madam

Designation :

Accountant

Contact No.:

91-22-67080474

Date :

14.07.2015

 

 

LOCATIONS

 

Registered Office :

408,  Hub Town Viva, Western Express Highway, Jogeshwari (East), Mumbai – 400060, Maharashtra, India

Tel. No.:

91-22-67080474

Fax No.:

91-22-28247059

E-Mail :

Fizacoalpvt.ltd@gmail.com

Location :

Owned

 

 

 

 

PARTNERS

 

Name :

Mr. Mehfooz Mehmood Khan

Designation :

Partner

Address :

Flat No. 64/2-3, A Wing Ground Floor, Ram Rahim Nagar,  Evershine City, Vasai (East), Thane – 401205, Maharashtra, India

Date of Birth/Age :

15.06.1965

Experience :

More than 20 years

PAN No.:

AJEPK8475E

 

 

Name :

Mrs. Hasina Hasan Choudhary

Designation :

Partner

Address :

Flat No. 64/2-3, A Wing Ground Floor, Ram Rahim Nagar,  Evershine City, Vasai (East), Thane – 401205, Maharashtra, India

Date of Birth/Age :

22.12.1980

 

 

KEY EXECUTIVES

 

Name :

Gaushya Madam

Designation :

Accountant

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of plastic granuals from scrap and selling of the same.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Others

 

 

Purchasing :

Others

 

 

GENERAL INFORMATION

 

Suppliers :

Sr. No.

Name

Address

Contact No.

1

Raj Impex

401 Parshva Chember, 17/21, Issaji Street, Masjid Bandar (West), Mumbai – 400003, Maharashtra, India

91-22-32421615

2

Sigma International FZC

Office No. C1 1003 Ajman Free Zone, P.O. Box, No. 6242, Ajman U.A.E.

91-9716749256

3

Global Trade Well Private Limited

10 Anson Road, International Plaza, Singapore

91-656-2267275

4

Everest Metals FZC

PO Box 120287 Saif Zone Sharjah

91-97165261999

 

 

Customers :

Sr. No.

Name

Address

Contact No.

1

Maruti Profile Industries

21 Revabhai Estate -2 Opposite Laxmanbhai Estate, Suraliya Road, CTM Ahmedabad, Gujarat, India

91-9327000309

2

Umar Pir Mohd. Khudadat Trad Est.

Almawalah Vegitable Central Market, Oman Port Code (U0189)

 

3

Amwaj AL Bahar Trading

Po Box-337, Postal 121 Sultanate of Oman

 

4

Manulai Steel Private Limited

Disma Complex, 324 C-Wing, 3rd Floor, Iron Steel, Market Near Bhima Complex, Kalamboli, Navi Mumbai – 410218, Maharashtra, India

91-22-27420756

 

 

No. of Employees :

25 (Approximately)

 

 

Bankers :

Banker Name

Bank of India

Branch Address

Mahalaxmi Branch

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 Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Rs. 25.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

Not Available

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Sister Concern :
  • Stone Export Private Limited

-       Address :.Stone Export House Private Limited, 410, Hub Town, Viva Western Express Highway, Jogeshwari (East), Mumbai – 400060, Maharashtra, India

-       Line of Business : Trading of goods and further import of Hms 1 and  2, Scrap, Plastic Granules, Furnace Oil, Bitumin 80/100, Bitumen pitch 60/70, Base oil and export of fruits, vegetables, onion, Potato, Rice, Sugar, Glucose Liquid

  • Fiza Coal Well Private Limited

-       Address : 409, Hub Town, Viva Western Express Highway, Jogeshwari (East), Mumbai – 400060, Maharashtra, India

-       Line of Business: Import and Export of coal and various commodity including trading activities.

  • Stone Polymers Private Limited

-       Address : 1015, Hub Town Viva, Akruti Trade Pt, CTS 330 (PT) MTR Room No. 2, Shankarwadi,  Western Express Highway, Jogeshwari (East), Mumbai , Maharashtra, India

-       Line of Business : Import and Export of Granules

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Capital Investment :

 

Owned :

Rs. 45.898 Million (Estimated)

Borrowed :

--

Total :

Rs. 45.898 Million (Estimated)

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

45.898

2.462

0.851

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

45.898

2.462

0.851

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.080

2] Unsecured Loans

39.500

0.000

0.000

TOTAL BORROWING

39.500

0.000

0.080

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

85.398

2.462

0.931

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

63.246

0.738

0.739

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.000
0.000
0.000

 

Sundry Debtors
0.000
0.000
0.000

 

Cash & Bank Balances
0.470
1.724
0.030

 

Other Current Assets
21.682
0.000
0.162

 

Loans & Advances
0.000
0.000
0.000

Total Current Assets
22.152
1.724
0.192

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
0.000
0.000
0.000

 

Other Current Liabilities
0.000
0.000
0.000

 

Provisions
0.000
0.000
0.000

Total Current Liabilities
0.000
0.000
0.000

Net Current Assets
22.152
1.724
0.192

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

85.398

2.462

0.931

 

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

Yes

8

Designation of contact person

Yes

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

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

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

----

28

Estimation for coming financial year

No

29

Profitability for last three years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

----

33

Market information

----

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

 

COMPUTATION OF TOTAL INCOME

 

 

Particulars

Rs. In Million

Rs. In Million

I) INCOME FROM SALARY

 

 

FROM SEHPL

1.200

 

FROM STONE EXPORT HOUSE

0.960

2.160

II) INCOME FROM HOUSE PROPERTY

 

 

Net Annual Value

0.900

 

Less :- Standard Deduction 30% U/S 24

0.270

0.630

III) INCOME FROM BUSINESS AND PROFESSION

 

 

Consultancy  Fees

1.500

 

Profit from Partnership firm

1.240

 

Less: U/s 10(2A)

1.240

1.500

GROSS TOTAL INCOME

 

4.290

Less : Deductions Under Sec 80-C

 

 

LIC

 

0.150

GROSS TAXABLE INCOME

 

4.140

ROUNDED OFF

 

4.140

 

 

 

TAX COMPUTATION

 

 

Tax on Total Income of Rs. 4.140 Million

 

1.067

Add: Education Cess @ 3%

 

0.032

NET TAX PAYABLE

 

1.099

 

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 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. 63.50

UK Pound

1

Rs. 98.20

Euro

1

Rs. 69.73

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

JYO

 

 

 

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.