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MIRA INFORM REPORT
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Report No. : |
491084 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ARHAM BUILDCARE |
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Registered
Office : |
347, Gala Complex, Promises, Mulund (West), Mumbai –
400080, Maharashtra |
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Tel. No.: |
91-22-25902200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment: |
2016 |
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Capital Investment
/ Paid-up Capital : |
Not Divulged |
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TIN No.: |
Not Available |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Trader of Repairs, Building Painting Plumping, Water Profing.
(Confirmed by management) |
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No. of Employees
: |
05 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 14000 INR 1000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is relatively new proprietorship firm started in the year 2016 and it is having moderate track records. Mr. Kalpesh Tank (Manger) has provided general information to us and revenue figure for the (FY 2016-17 as INR 5 million and expected in FY 2017-18 as INR 20 million). However financials could not be verified from any sources. Rating is constrained on account of short track records of business operations and intense competition from industry. Trade relations are reported as fair. Business is active. Payments are seems to be slow but correct. The firm can be considered for business dealing with some caution. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the firm on the given address. At the premises our executive met to Mr. Kalpesh Tank (Manager) of the firm and he provided contact details i.e. 9821545880 As per our executive observation, location of the firm is very difficult to find. Landmark was Gala Complex. It is a 3 storey building and firm is situated on 3rd floor. Locality appears to be industrial. Area seems to be neutral. 05 employees were sighted into premises. Name board of the subject was not sighted at the given address instead of that name board of sister concern’s i.e. Yug Builtcon Builders & developers was sighted. |
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
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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
31-03-2016.
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 13.02.2018
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
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Name : |
Mr. Kalpesh Tank |
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Designation : |
Manager |
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Contact No.: |
91-9821545880 |
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Date : |
12.02.2018 |
LOCATIONS
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Registered Office : |
347, Gala Complex, Promises, Mulund (West), Mumbai –
400080, Maharashtra, India |
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Tel. No.: |
91-22-25902200 |
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Mobile No.: |
91-9821545880 (Mr. Kalpesh) |
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Fax No.: |
Not available |
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E-Mail : |
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Website : |
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Locality : |
Industrial (As per site visit) |
SOLE PROPRIETOR
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Name : |
Mrs. Manju Nitesh Raghavani |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Kalpesh Tank |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Trader of Repairs, Building Painting Plumping, Water Profing.
(Confirmed by management) |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment, Cheque and NEFT |
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Purchasing : |
Cash, Advance Payment, Cheque and NEFT |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
05 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Mr. Bhavesh Biyani Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
Yug Builtcon Builders and Developers |
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
in INR Million]
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Particulars |
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31.03.2017 |
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Sales Turnover (Approximately) |
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5.000 |
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Expected Sales (2017-2018) : INR 20.000 Million
The above information has been parted by Mr. Kalpesh Tank (Manager)
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 |
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 |
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 |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last one year |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
Yes |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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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 |
OBSERVATION FORM
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COMPANY NAME: ARHAM BUILDCARE ADDRESS: 347, Gala Complex, Promises, Mulund (West), Mumbai – 400080, Maharashtra, India CONTACT NO: 91-9821545880 PERSON TO WHOM WE MET: Mr. Kalpesh DESIGNATION: Manager NAME BOARD: NOT SIGHTED (Sighted name board of “YUG BUILTCON BUILDERS AND DEVELOPERS”) LOCATION: VERY DIFFICULT LANDMARK (IF ANY): GALA COMPLEX TOTAL FLOORS OF THE BUILDING: 03 SUBJECT SITUATED ON : 3 FLOOR LOCALITY: INDUSTRIAL AREA: NEUTRAL NO. OF EMPLOYEES SEEN AT PREMISES: 05 VISIBILITY OF
ITEMS: TELEPHONE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT FURNITURE ITEMS
SIGHTED: YES SISTER CONCERNS (OTHER NAMES ON NAME BOARD): YUG BUILTCON BUILDERS AND DEVELOPERS PROOF OF VISIT: PHOTOGRAPH |
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 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 64.28 |
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1 |
INR 89.02 |
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Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
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Information
Gathered by : |
SWT |
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Analysis Done by
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PRS |
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Report Prepared
by : |
SUJ |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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.