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MIRA INFORM REPORT
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Report No. : |
490005 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
HITESH FLOORTECH LLP |
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Registered
Office : |
Shed No. 33, Sunshine Industrial Park, B/H Bhagyoday Hotel, Near Changodar Bridge, Changodar, Ahmedabad-382213, Gujarat |
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Mob. No.: |
91-9998873940 [Mr. Vatsal Hiteshkumar Patel] |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
29.11.2017 |
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Total Obligation
of Contribution: |
INR 0.100 Million |
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LLPIN No.: |
AAL-2629 |
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IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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GST No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Subject is engaged into Construction Activity like Road, Blocks, Floor, Civil Works, etc. [Registered Activity and also Confirmed by Management] |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a limited liability firm (LLP) established on 29th November 2017 and it is engaged into construction activity like road, blocks, floor, civil works, etc. Mr. Vatsal Hitesh Kumar Patel [Director] has provided general information and he claimed that the subject has commenced its business operations from 1st January 2018. Payments seems to be unknown. In view of aforesaid, the subject can be considered for business dealings at fully 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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
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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 06.02.2018.
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 [GENERAL DETAILS]
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Name : |
Mr. Vatsal Hiteshkumar Patel |
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Designation : |
Director |
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Contact No.: |
91-9998873940 |
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Date : |
04.02.2018 |
LOCATIONS
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Registered Office : |
Shed No. 33, Sunshine Industrial Park, B/H Bhagyoday Hotel, Near Changodar Bridge, Changodar, Ahmedabad-382213, Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No: |
91-9998873940/ 9327567611/ 9998388595 [Mr. Vatsal Hiteshkumar Patel] |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
PARTNERS
AS ON 31.03.2017
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Name : |
Mr. Chikesh Jayantibhai Patel |
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Designation : |
Designated Partner |
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Address : |
203, Gopi Vallabh Avenue, Near Radio Mirchi Tower, New Times of India Press Road, Sattellite, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
29.11.2017 |
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DPIN No.: |
07991741 |
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Name : |
Mr. Dineshkumar Ambalal Patel |
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Designation : |
Designated Partner |
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Address : |
SF - 5, Rameshwar Apartment Nr. Swati Bus Stop, New Sama Road, Vemali, Vadodara, Ahmedabad-390008, Gujarat, India |
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Date of Birth/Age : |
17.10.1975 |
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Date of Appointment : |
29.11.2017 |
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DPIN No.: |
07991748 |
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Name : |
Mr. Vatsal Hiteshkumar Patel |
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Designation : |
Designated Partner |
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Address : |
702, Gopi Vallabh Avenue, Near Radio Mirchi Tower New Times of India Press Road, Satellite, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
18.03.1994 |
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Date of Appointment : |
29.11.2017 |
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DPIN No.: |
07991758 |
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Name : |
Mr. Harsh Rajendrabhai Patel |
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Designation : |
Designated Partner |
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Address : |
Raj Shilp Appart, Opoosite Sweet Home Soc, Shreyas Foundation Char Rasta, Ambawadi, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
06.02.1993 |
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Date of Appointment : |
29.11.2017 |
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DPIN No.: |
07995097 |
CONTRIBUTION DETAILS
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Names of Persons |
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INR in Million |
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Harsh Rajendrabhai Patel |
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0.025 |
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Chikesh Jayantibhai Patel |
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0.025 |
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Dineshkumar Ambalal Patel |
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0.025 |
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Vatsal Hiteshkumar Patel |
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0.025 |
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Total |
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0.100 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged into Construction Activity like Road, Blocks, Floor, Civil Works, etc. [Registered Activity and also Confirmed by Management] |
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Products/ Services : |
Construction Activity |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
L/C, Cheque and Others [NEFT] |
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Purchasing : |
L/C, Cheque and Others [NEFT] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and Others [Contractor]
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Hitesh Infra |
CAPITAL STRUCTURE
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Total Obligation of Concern |
INR 0.100
Million |
FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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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 |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS 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 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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 64.03 |
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UK Pound |
1 |
INR 90.40 |
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Euro |
1 |
INR 79.73 |
INFORMATION DETAILS
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Information
Gathered by : |
PUJ |
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
IND |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.