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MIRA INFORM REPORT
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Report No. : |
504353 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARUL TECHNOCHEM LLP |
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Registered
Office : |
C-553, Road No.- 6, V.K.I. Area, Jaipur – 302013,
Rajasthan |
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Tel. No.: |
91-9928372256 (Mr. Angad Ameria) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Establishment : |
18.01.2017 |
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Total Obligation
of Contribution: |
INR 0.100 Million |
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LLPIN : |
AAI-2978 |
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IEC No.: [Import-Export Code No.] |
1317501641 |
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TIN No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AATFP7262Q |
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GSTIN : [Goods & Service Tax Registration
No.] |
08AATFP7262Q1Z3 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Manufacturing and trading of electricity distribution items, panel H.T. line equipment, L.T line equipment, distribution boards, isolators, fuse and other related items. (Registered activity and also confirmed by management) |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2007 as a proprietorship concern but later got converted as a limited liability firm in the year 2017 in the name of “Parul Technochem LLP.” It is a manufacturer and importer of Electrical Machinery and Apparatus N.E.C. Mr. Angad Ameria (Partner) has provided information and he claimed that the subject has achieved sales turnover of 350 million in the FY 2018 and INR 295.000 million in the FY 2017. However, the figures are not verified. Rating takes into consideration the subject’s satisfactory track record of business operations and sound sales turnover profile. Payments seems to be usually correct. In view of aforesaid, the subject 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2018.
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 20.04.2018
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.
INFORMATION PARTED BY
|
Name : |
Mr. Angad Ameria |
|
Designation : |
Designated Partner |
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Contact No.: |
91-9928372256 |
|
Date : |
17.04.2018 |
LOCATIONS
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Registered Office / Head office/ Factory 1: |
C-553, Road No.- 6, V.K.I. Area, Jaipur – 302013,
Rajasthan, India |
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Tel. No.: |
91-141-2176325 / 2174679 |
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Mobile No.: |
91-9928372256 (Mr. Angad Ameria) |
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Fax No.: |
91-141-4035404 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality: |
Industrial |
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Factory 2 : |
F2, ABC F3 SKS, RIICO industrial Area, Reengus, Sikar – 332404,
Rajasthan, India |
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Factory 3 : |
H719, Road No. 9, F2 V.K.I Area, Jaipur – 302013, Rajasthan,
India |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Angad Ameria |
|
Designation : |
Designated Partner |
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Address : |
6/437, Vidhyadhar Nagar, Jaipur -302023, Rajasthan, India |
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Date of Birth/Age : |
24.07.1990 |
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Date of Appointment : |
18.01.2017 |
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DPIN No.: |
07671736 |
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Name : |
Mr. Madhusudan Ameria |
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Designation : |
Designated Partner |
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Address : |
6/437, Vidhyadhar Nagar, Jaipur -302023, Rajasthan, India |
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Date of Birth/Age : |
01.07.1959 |
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Date of Appointment : |
18.01.2017 |
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DPIN No.: |
07671811 |
CONTRIBUTION DETAILS
|
Names of Persons |
INR in Million |
|
Asha Sharma |
0.060 |
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Madhusudan Ameria |
0.030 |
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Angad Ameria |
0.010 |
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Total |
0.100 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and trading of electricity distribution items, panel H.T. line equipment, L.T line equipment, distribution boards, isolators, fuse and other related items. (Registered activity and also confirmed by management) |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw material |
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Countries : |
China |
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Terms : |
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Selling : |
Cheque (RTGS) |
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Purchasing : |
Cheque (RTGS) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
R Soghani and Associates Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Available |
CONTRIBUTION
|
Total Obligation of contribution |
INR 0.100 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
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|
31.03.2017 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
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|
0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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(0.004) |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
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|
0.096 |
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LOAN FUNDS |
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1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
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|
0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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|
0.096 |
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APPLICATION OF
FUNDS |
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FIXED ASSETS [Net Block] |
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|
0.000 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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|
0.000 |
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DEFERREX TAX ASSETS |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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|
0.000 |
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Cash & Bank Balances |
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|
0.096 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
0.000 |
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Total
Current Assets |
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|
0.096 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
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Other Current Liabilities |
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|
0.000 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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0.000 |
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Net Current Assets |
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|
0.096 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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|
0.096 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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|
31.03.2017 |
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SALES |
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Income |
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|
0.000 |
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Other Income |
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|
0.000 |
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TOTAL
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0.000 |
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Less |
EXPENSES |
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Other expenses |
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|
0.004 |
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TOTAL |
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|
0.004 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
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(0.004) |
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Less |
FINANCIAL
EXPENSES |
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|
0.000 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
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(0.004) |
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Less/
Add |
DEPRECIATION/
AMORTISATION |
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|
0.000 |
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PROFIT/
(LOSS) BEFORE TAX |
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(0.004) |
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Less |
TAX |
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|
0.000 |
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PROFIT/
(LOSS) AFTER TAX |
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|
(0.004) |
|
Particulars |
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|
31.03.2018 |
|
Sales Turnover (Approximately) |
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|
350.000 |
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|
The above information has been parted by Mr. Angad Ameria (Partner)
KEY
RATIOS
PROFITABILITY RATIOS
|
PARTICULARS |
|
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|
31.03.2017 |
|
((PAT / Sales) * 100) |
% |
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|
0.00 |
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Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
(4.17) |
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|
|
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Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
(4.17) |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last two months one
year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two months |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M06264816 |
100161946 |
CANARA BANK |
06/03/2018 |
- |
- |
127500000.0 |
O-12, 1st floor, Parijat Complex, Ashok Marg, C-scheme, Near Ahimsa Circle, Jaipur – 302001, Rajasthan, India |
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 |
INR 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.