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MIRA INFORM REPORT
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Report No. : |
489869.2 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
SHWETA MOBILES AND COMPUTERS |
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Registered
Office : |
Shop No. 1/2/3/10/11, 2nd Floor, Mandalay 1, Secunderabad –
500003, Telangana |
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Mobile No.: |
91-9393037144 (Mr. Govind Gupta) |
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Country : |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment : |
2015 |
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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.: |
Not Divulged |
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GSTIN/UIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business
: |
Trader of
mobiles and computers. [Confirmed by management] |
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No. of Employees
: |
55 (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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a partnership concern established in the year 2015. It is engaged as trader of mobiles and computers. Mr. Govind Gupta (Partner) provided general information and denied to provide any financial details. Rating gets constrained on account of its short track record of its business and non-availability of financial information to evaluate risk associated with the subject. Payments are seems to be unknown. In view of aforesaid, the concern can be considered for business dealings with some caution. NOTE: Site visit was conducted at the given address and our executive have successfully traced the subject. At the premises our executive met Mr. Srinivas (Employee) and he confirmed the existence of the subject on the given address. As per our executive observation, it is ground+ 5 storey building and subject is situated on 2nd floor and the area of the premises is 400 SQ.FT. Location is easy to find near “Paradise Hotel”. Locality seems to be commercial. Area near the premises seems to be upmarket. Landmark- Paradise Hotel. Further, our executive have sighted approximately 15 employees at the premises. However, the name board of the subject was not sighted at the given premise address. But sighted “Shweta Computers and Peripheral” as the name board, which is the sister concern of the subject and the same has been confirmed by the management. On enquiry with Mr. Pavan from “Vision Mobiles” and Mr. Dayakar from “Vishrtha Tech” both person from neighbouring companies confirmed the existence of the subject on 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 |
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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 15.02.2018
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. Govind
Gupta |
|
Designation : |
Partner |
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Contact No.: |
91-9393037144 |
|
Date : |
03.02.2018 |
LOCATIONS
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Registered Office : |
Shop No. 1/2/3/10/11, 2nd Floor, Mandalay 1, Secunderabad –
500003, Telangana, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9393037144 (Mr. Govind Gupta) |
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Fax No.: |
Not Available |
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Area : |
400 sq. ft. (As per site visit) |
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Locality : |
Commercial (As per site visit) |
PARTNERS
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Name : |
Mr. Nirmal Kumar Lalwani |
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Designation : |
Partner |
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Name : |
Mr. Lalit Kothari |
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Designation : |
Partner |
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Name : |
Mr. Dinesh Heda |
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Designation : |
Partner |
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Name : |
Mr. Anil Lalwani |
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Designation : |
Partner |
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Name : |
Mr. Govind Gupta |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Trader of
mobiles and computers. [Confirmed by management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Credit and Others (RTGS) |
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Purchasing : |
Credit and Others (RTGS) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
55 (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 [Confirmed by the management] : |
Shweta Computers and Peripheral |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
NOT DIVULGED
The above information has been denied by Mr. Govind Gupta (Partner)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
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 |
No |
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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 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 |
No |
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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 |
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Name of Company : |
SHWETA MOBILES AND COMPUTERS |
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|
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Address : |
Shop No. 1/2/3/10/11, 2nd Floor, Mandalay 1, Secunderabad –
500003, Telangana, India |
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|
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Person to whom we met: |
Mr. Srinivas Designation : Employee |
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Name Board : |
Not Sighted (Sighted name board of its sister concern “Shweta Computers
and Peripheral”) |
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Location: |
Easy |
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Landmark (If Any): |
Near Paradise Hotel |
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Total Floors of the building: |
Ground + 5 Storey Building |
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Subject situated on: |
2nd Floor |
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Locality: |
Commercial |
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Area of premises : |
400 sq. ft. |
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Area : |
Upmarket |
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No. of employees seen at premises: |
15 |
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Visibility of Items : |
·
Telephone ·
Fax Machine ·
Telex ·
Computers ·
Air Conditioners ·
Office Equipment ·
Xerox Machine |
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Furniture Items
sighted : |
Chair, Tables etc. |
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Neighbour’s
Interview : |
Name of the
company: Vision Mobiles Contact Person
Name: Mr. Pavan Name of the
company: Vishrtha Tech Contact Person
Name: Mr. Dayakar |
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Neighbour’s
Overview: |
Existence confirmed |
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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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.08 |
|
|
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
NKT |
SCORE FACTORS
|
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 |
|
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 |
|
--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 |
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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.