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MIRA INFORM REPORT
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Report No. : |
489900.2 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
SUMAN ENTERPRISES |
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Registered
Office : |
31, 3rd Floor,
Deepak Building13, Nehru Place, New Delhi - 110019 |
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Mobile No.: |
91-9810742251 (Mr. Neeraj Gupta) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
1999 |
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Capital Investment
/ Paid-up Capital : |
Not Divulged |
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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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TIN No.: |
07110229089 |
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GSTIN : |
07AGCPG6947Q1ZS |
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PAN No.: [Permanent Account No.] |
AGCPG6947Q |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Trader of IT Products. (Confirmed by
management) |
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No. of Employees
: |
12 (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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Maximum Credit Limit : |
USD 77140 ( INR 4947740.49) |
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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 1999 as proprietorship firm and it
is having satisfactory track records. It is trader of IT products. Mr. Neeraj Gupta (Proprietor) has provided general information and
revenue figure for the (FY 2015-16 as INR 250.000 million, FY 2016-17 as INR
270.000 million and expected in FY 2017-18 as INR 300.000 million). However financials could not be verified from any sources. The firm also derives strength from its established track records of
business operation and healthy revenue profile. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. The firm can be considered for business dealings at usual trade terms
and conditions. Note: Site visit was conducted at the registered address of the firm. Our executive has successfully traced the firm on the given address. At the premises our executive met to one of the executive (Designation not Divulged) of the firm. As per our executive observation, location of the firm is easy to find. It is 8 storey building and firm is situated on 3rd floor. Locality appears to be commercial. Area seems to be neutral. Area of the premises was 800 (SQ.FT) 06 employees were sighted into premises. Name board of the firm was sighted at the given address. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
31-03-2016.
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
|
Name : |
Mr. Neeraj Gupta |
|
Designation : |
Proprietor |
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Contact No.: |
91-9810742251 |
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Date : |
02.02.2018 |
LOCATIONS
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Registered Office / Warehouse : |
31, 3rd Floor,
Deepak Building13, Nehru Place, New Delhi – 110019, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9810742251 (Mr. Neeraj Gupta) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area of premises
: |
800 Sq.ft (As per site visit) |
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Locality: |
Commercial (As per site visit) |
SOLE PROPRIETOR
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Name : |
Mr. Neeraj Gupta |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Trader of IT Products. (Confirmed by
management) |
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Products : |
IT
Products |
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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 : |
Not Available |
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Terms : |
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Selling : |
Cash, Advance Payment, Cheque and Credit |
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Purchasing : |
Cash, Advance Payment, Cheque and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Auditors : |
Not Divulged |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
-- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
|
Particulars |
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31.03.2017 |
31.03.2016 |
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Sales Turnover (Approximately) |
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270.000 |
250.000 |
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Expected Sales (2017-2018): INR 300.000 Million (Approximately)
The above information has been parted by Mr. Neeraj Gupta (Proprietor)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
FINANCIAL ANALYSIS
[all figures are
INR Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
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31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
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Sales Turnover (Approximately) |
|
250.000 |
270.000 |
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|
8.000 |
%2006-Feb-2018_files/image014.gif)
LOCAL AGENCY FURTHER INFORMATION
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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 |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
Yes |
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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 |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
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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 |
No |
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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 |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last two years |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
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OBSERVATION
POINTS |
|
Name : |
Suman Enterprises |
|
|
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Address : |
31, 3rd Floor,
Deepak Building13, Nehru Place, New Delhi – 110019, India |
|
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Person to whom we met : |
Executive (Name Not Divulged) |
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Name Board: |
Sighted |
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Location: |
Easy |
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Total Floors of the building: |
8 Floor |
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Subject situated on : |
3rd Floor |
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Locality: |
Commercial |
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Area of premises : |
800 Sq.ft |
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Area: |
Neutral |
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No. of employee
seen at premises : |
06 |
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Visibility of
Item : |
·
Computer ·
Air Conditioner ·
Office Equipment |
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Furniture items
sighted : |
Yes |
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Proof of visit: |
Photographs |
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 64.03 |
|
UK Pound |
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
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Analysis Done by
: |
PSD |
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Report Prepared
by : |
TRUP |
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 |
NO |
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--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 |
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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 |
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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.