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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504900

Report Date :

25.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

YASH ENTERPRISES

 

 

Registered Office :

302, Shree Ram Kutir Cooperative Society, Above Dena Bank, Station Road, Bhayandar (West), Thane - 401101, Maharashtra

Mobile No.:

91-9322656132 [Mr. Shyam Sunder Goyenka]

 

 

Country :

India

 

 

Financials (as on) :

31.03.2018

 

 

Date of Establishment :

04.01.2012

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

Not Divulged

TIN No.:

 

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Trader and Distributor of Pet Resin, Plastic Bottles, etc. [Confirmed by Management]

 

 

No. of Employees :

10 [Approximately]

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is proprietorship concern established in the year 2012. It is a trader and distributor of pet resin, plastic bottles, etc.

 

Mr. Shyam Sunder Goyenka [Proprietor] has claimed that the concern has achieved sales turnover of INR 950.000 million (Approx.) for the year 2016, INR 1250.000 million (Approx.) for the year 2017 and INR 1750.000 million (Approx.) for the FY 2018 (Which could not be certified).

 

Business is active. Payment seems to be slow but correct.

 

In view of aforesaid, the concern 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

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 25.04.2018.

 

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. Shyam Sunder Goyenka

Designation :

Proprietor

Contact No.:

91-9322656132

Date :

21.04.2018

 

 

LOCATIONS

 

Registered Office :

302, Shree Ram Kutir Cooperative Society, Above Dena Bank, Station Road, Bhayandar (West), Thane - 401101, Maharashtra, India

Tel. No.:

Not Available

Mobile No.:

91-9322656132 [Mr. Shyam Sunder Goyenka]

91-9920524143 [Mr. Hiren]

Fax No.:

Not Available

E-Mail :

yashenterprises40@gmail.com

Location :

Owned

Locality :

Residential

 

 

Factory:

Shreeniwash Complex, Shop No 4, Sarigram Byepass Road, Bhilad, Umbergaon Valsad-396105, Gujarat, India

Area:

2500 Sq. Ft.

Location :

Rented

Locality :

Commercial

 

 

SOLE PROPRIETOR

 

Name :

Mr. Shyam Sunder Goyenka

Designation :

Proprietor

Date of Birth/Age:

48 Years

Qualification:

Graduate

Experience:

16 Years

 

 

KEY EXECUTIVES

 

Name :

Mr. Hiren

Designation :

Accountant

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Distributor of Pet Resin, Plastic Bottles, etc. [Confirmed by Management]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

“Indorama”

 

 

Exports :

Not Available

 

 

Imports :

 

Products:

Pet Resin, Plastic Bottles, etc.

Countries:

China

Terms :

 

Selling :

L/C, Cheque and RTGS

 

 

Purchasing :

L/C, Cheque and RTGS

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Retailers and End Users

 

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

10 [Approximately]

 

 

Bankers :

 

Bank Name:

NKGSB Cooperative Bank Limited

Branch:

Geeta Nagar, Bhayanar (west, Thane - 401101, Maharashtra, India

Person Name (with Designation):

--

Contact Number:

91-22-28151277

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:

Ringing

 

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

PARTICULARS

 

31.03.2018

31.03.2017

31.03.2016

Sales Turnover (Approximately)

1750.000

1250.000

950.000

 

[Due to business growth]

 

 

The above information has been parted by Mr. Shyam Sunder Goyenka [Proprietor]

 

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

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2016

31.03.2017

31.03.2018

 

INR In Million

INR In Million

INR In Million

Sales Turnover (Approximately)

950.000

1250.000

1750.000

 

 

31.579

40.000

 

 

 

 

LEGAL CASES

 

HIGH COURT

 

T.P.S. BUILDERS PVT. LTD. C. K. JAIN & CO. YASH ENTERPRISES WITH

high court-West Bengal

Case no:ACO 156/2016 APOT 608/2015 CP 618/2013

Case status:Pending

Judge:HON'BLE JUSTICE SANJIB BANERJEE AND
HON'BLE JUSTICE SIDDHARTHA 21CHATTOPADHYAY

Date:2017-04-10

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES

high court-Mumbai

Case no:11. NMA/401/2010

Case status:Pending

Judge:COMPANY REGISTRAR

Date:2010-02-24T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES

high court-Mumbai

Case no:50. APP/457/2009

Case status:Pending

Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

Date:2010-07-23T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES FOR

high court-Mumbai

Case no:75. NMA/401/2010

Case status:Pending

Judge:IIND ASSTT. MASTER

Date:2010-02-07T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES SHOW CAUSE

high court-Mumbai

Case no:78. APP/457/2009

Case status:Pending

Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER

Date:2010-04-08T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES NOTICE OF

high court-Mumbai

Case no:15. NMA/401/2010

Case status:Pending

Judge:HON'BLE SHRI JUSTICE R.Y. GANOO

Date:2010-08-03T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES FOR DIRECTION

high court-Mumbai

Case no:61. NMA/401/2010

Case status:Pending

Judge:HON'BLE SHRI JUSTICE F.I. REBELLO

Date:2010-11-06T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES NOTICE OF

high court-Mumbai

Case no:14. APP/457/2009

Case status:Pending

Judge:OFFICIAL ASSIGNEE

Date:2010-01-14T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES FOR DIRECTION

high court-Mumbai

Case no:59. NMA/401/2010

Case status:Pending

Judge:MASTER & ASSTT. PROTHONOTARY(JUDL)

Date:2010-04-16T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES VIDE HONBLE SUPREME

high court-Mumbai

Case no:957. APP/457/2009

Case status:Pending

Judge:HON'BLE SHRI JUSTICE A.M. KHANWILKARHON'BLE SHRI JUSTICE A. R. JOSHI

Date:2011-06-22T00:00:00Z

 

PRASHANT PROJECTS LTD. VS YASH ENTERPRISES ORDER DT.11052010.

high court-Mumbai

Case no:927. APP/457/2009

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA

Date:2011-02-22T00:00:00Z

 

MS TIRUPATI ROAD CARRIERS & ANR vs YASH ENTERPRISES & 3 ORS

high court-Assam

Case no:RFA 138/2017

Case status:Pending

Judge:HON BLE MR. JUSTICE ARUP KUMAR GOSWAMI

Date:2017-12-21

 

MS KUBER STEEL TRADERS A URANGABAD THROUGH ITS PAR VS MS YASH ENTERPRISES

high court-Maharashtra

Case no:WP/5650/2016 [Civil] REMARK : NOTICE OF R/ SOLE IS AWAITED.

Case status:Pending

Judge:HON'BLE SHRI JUSTICE SUNIL P. DESHMUKH

Date:2016/07/15

 

MS KUBER STEEL TRADERS A URANGABAD THROUGH ITS PAR VS MS YASH ENTERPRISES

high court-Maharashtra

Case no:WP/5650/2016 [Civil]

Case status:Pending

Judge:HON'BLE SHRI JUSTICE M.S. SANKLECHA

Date:2017-04-21

 

 

 

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

--

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)

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

Yes

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

Yes

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

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 66.36

UK Pound

1

INR 92.51

Euro

1

INR 81.05

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

ARC

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

YES

--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.