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MIRA INFORM REPORT
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Report No. : |
475782.3 |
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Report Date : |
16.02.2017 |
IDENTIFICATION DETAILS
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Name : |
PIRANI TRADING |
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Registered
Office : |
Morbi-2, Lalpar Power House, Vasant Sanitary, Opposite
Ambani Ceramic, Morbi – 363642, Gujarat |
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Mobile No.: |
91-9879009856 (Mr. Prakash Savsani) |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment: |
Around 2014 |
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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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PAN No.: [Permanent Account No.] |
AAPFP2961G |
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GSTIN/UIN : |
24AAPFP2961G1Z2 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Trader of Tiles and Sanitary Ware. (Confirmed by management) |
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No. of Employees
: |
9 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
|
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 2014. It is a trader of tiles and sanitary ware. Mr. Prakash Savsani (Partner) gave partial information and denied to provide any further information. Payments are reported 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 address which you have provided. Our executive has successfully traced the subject on the given address but found the door lock. At the premises our executive enquired with the vicinity and they claimed that the subject is situated on the said premises and it is closed most of the time and rarely operates. He also claimed that “Pirani Minerals” and “Pirani Trading” are situated on the same premises. As per our executive’s observation, it is a 1 storey building and subject is situated on the 1st floor. Locality seems to be commercial and area seems to be neutral. Location was easy to find. We have not sighted subject’s name board instead name board of Pirani Minerals was sighted. Note 2: Site visit was re-conducted at the given address but the door was found locked. Our executive enquired with Mr. Ashwin (Dharti Agro) and Mr. Vinod (Expert Hair Salon) who claimed that the subject has shifted from the given premises 18 months ago and they were not aware about the new address. Locality seems to be commercial and area appears to be neutral. Location was easy to find. We have not sighted subject’s name board instead name board of Pirani Minerals was sighted. Note 3: After the site visit, our executive contacted Mr. Prakash Savsani (Partner) and provided the shifted address of the subject – Morbi-2, Lalpar Power House, Vasant Sanitary, Opposite Ambani Ceramic, Morbi – 363642, Gujarat. Note 4: Site visit was conducted at the shifted address. Our executive has successfully traced the subject on the address. At the premises, our executive met the Office Executive (Name Not Divulged) who denied to provide any information. As per our executive’s observation, it is a shed type premises. Number of employees sighted at the premises were 9. Locality seems to be industrial and area appears to be neutral. Location was difficult to find. We have sighted subject’s name board. |
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 |
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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 16.02.2018
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 (PARTIAL DETAILS)
|
Name : |
Mr. Prakash Savsani |
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Designation : |
Partner |
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Contact No.: |
91-9879009856 |
|
Date : |
13.11.2017 |
LOCATIONS
|
Registered Office : |
Morbi-2, Lalpar Power House, Vasant Sanitary, Opposite
Ambani Ceramic, Morbi – 363642, Gujarat, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-8320025898 (Mr. Nareshbhai Savsani) 91-9879009856 (Mr. Prakash Savsani) |
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Fax No.: |
Not Available |
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Locality : |
Industrial (As per site visit) |
PARTNERS
|
Name : |
Mr. Prakash Savsani |
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Designation : |
Partner |
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Name : |
Mr. Manoj Detroja |
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Designation : |
Partner |
KEY EXECUTIVES
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Name : |
Mr. Nareshbhai Savsani |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Trader of Tiles and Sanitary Ware. (Confirmed by management) |
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Products : |
Tiles and Sanitary Ware |
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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 : |
Cash, Credit (30 Days), Advance Payment and Cheque |
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Purchasing : |
Cash, Credit (30 Days), Advance Payment and Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
9 (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: |
Not Divulged |
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
in INR Million]
NOT DIVULGED
The above information has been denied by Mr. Prakash Savsani (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 |
No |
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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 |
|
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 |
No |
|
24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS - I
|
Name of Company : |
PIRANI TRADING |
|
|
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Address : |
Shop No. 17, Sanala Road, Market Yard, Morbi – 363641, Gujarat, India |
|
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Name Board : |
Not Sighted (Sighted name board of “Pirani Minerals”) |
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Location : |
Easy |
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Landmark (If any) : |
Market Yard |
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Total floors of the building : |
1 |
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Subject situated on : |
1st Floor (Shop Type) |
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Locality: |
Commercial |
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Area : |
Neutral |
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Proof of visit : |
Photographs |
OBSERVATION POINTS - II
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Name of Company : |
PIRANI TRADING |
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Address : |
Shop No. 17, Sanala Road, Market Yard, Morbi – 363641, Gujarat, India |
|
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Name Board : |
Not Sighted (Sighted name board of “Pirani Minerals”) |
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Location : |
Easy |
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Landmark (If any) : |
Market Yard |
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Total floors of the building : |
1 |
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Subject situated on : |
1st Floor (Shop Type) |
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Locality: |
Commercial |
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Area : |
Neutral |
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Neighbour’s
Interview |
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i.Name of
company : |
Dharti Agro |
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Contact person
name : |
Mr. Ashwin |
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|
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i.Name of
company : |
Expert Hair Salon |
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Contact person
name : |
Mr. Vinod |
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Neighbour’s Overview : |
Our executive enquired with Mr. Ashwin (Dharti Agro) and Mr. Vinod (Expert Hair Salon) who claimed that the subject has shifted from the given premises 18 months ago and they were not aware about the new address. |
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Proof of visit : |
Photographs |
OBSERVATION POINTS - III
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Name of Company : |
PIRANI TRADING |
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Address : |
Morbi-2, Lalpar Power House, Vasant Sanitary, Opposite
Ambani Ceramic, Morbi – 363642, Gujarat, India |
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Person to whom we met : |
Office Executive (Name not divulged) |
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Name Board : |
Sighted |
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Location : |
Difficult |
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Landmark (If any) : |
Opposite Ambani Ceramic |
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Subject situated on : |
Shed type premises |
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Locality: |
Industrial |
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Area : |
Neutral |
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No. of employees
seen at premises : |
9 |
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Furniture items
sighted : |
Chair, Table |
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|
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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,
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 63.92 |
|
|
1 |
INR 89.54 |
|
Euro |
1 |
INR 79.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.