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MIRA INFORM REPORT
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Report No. : |
483894 |
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Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIQUEST ELECTRO & INFRA LLP |
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Registered
Office : |
1st Floor, Room 1 & 2, Blue Star Complex, Opposite Old High Court, Near Stadium Six Roads, Navrangpura, Ahmedabad-380009, Gujarat |
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Tel. No.: |
91-79-26422404 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
02.12.2016 |
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Total Obligation
of Contribution: |
INR 0.100 Million |
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LLPIN No.: |
AAH-9368 |
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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.: |
24AAEFU8964B1Z3 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAEFU8964B |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
· Construction of Civil Construction and also Services Provider of Street Light Installation and Maintenance. [Confirmed by Management] ·
Subject is engaged in the business of laying and
maintaining pipelines of gas, drainage, sewage and water, earth work for new
road construction, fabrication work such as PSC pole machinery, RCC hum pipe
machinery. [Registered
Activity] |
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|
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No. of Employees
: |
13 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Relatively new business |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new Limited Liability Partnership firm established on 2nd December 2016. It is engaged in civil construction and is also engaged in providing services of street light installation and maintenance. As per the financial of 2017, the subject has earned sales turnover of INR 4.269 million and has incurred operational losses during the year. The overall financial position of the subject seems to be moderate marked by negative reserve base along with low debt balance sheet profile. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the subject can be considered for business dealings with some caution. |
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 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 03.01.2018.
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]
|
Name : |
Mr. Chirag Rameshchandra Yadav |
|
Designation : |
Partner |
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Contact No.: |
91-9825606695 |
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Date : |
01.01.2018 |
LOCATIONS
|
Registered Office : |
1st Floor, Room 1 & 2, Blue Star Complex, Opposite Old High Court, Near Stadium Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26422404/ 40048127 |
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|
91-9825606695/ 9824008960 [Mr. Chirag Yadav] |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Locality : |
Commercial |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Mahmadkha Kasamkha Bloch |
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Designation : |
Designated Partner |
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Address : |
At Sherbag Gadu Ta Maliya Hatina, Junagadh-362255, Gujarat, India |
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Date of Birth/Age : |
01.01.1967 |
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Date of Appointment : |
02.12.2016 |
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DPIN No.: |
07489981 |
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Other Directorship :
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Name : |
Mr. Rizvan Mahmadkha Bloch |
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Designation : |
Designated Partner |
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Address : |
690 A, Gadu-3 Taluka : Maila, Junagadh-362255, Gujarat, India |
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Date of Birth/Age : |
07.06.1987 |
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Date of Appointment : |
02.12.2016 |
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DPIN No.: |
07656673 |
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Name : |
Mr. Chirag Rameshchandra Yadav |
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Designation : |
Partner |
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Address : |
6, Amruthbaug Colony, Navrangpura, Ahmedabad-380009, Gujarat, India |
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Date of Birth/Age : |
11.10.1975 |
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PAN No.: |
AABPY8317M |
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Name : |
Uniquest Developers Private Limited |
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Designation : |
Partner |
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Registered Address : |
3-1st Floor, Blue Star Complex, Opp.Old High Court, Nr. Stadium Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
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CONTRIBUTION DETAILS
|
Names of Persons |
|
INR in Million |
|
Mahmadkha Kasamkha Bloch |
|
0.030 |
|
Rizvan Mahmadkha Bloch |
|
0.020 |
|
Chirag Rameshchandra Yadav |
|
0.030 |
|
Uniquest Developers Private Limited, India |
|
0.020 |
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|
|
|
|
Total |
|
0.100 |
BUSINESS DETAILS
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Line of Business : |
· Construction of Civil Construction and also Services Provider of Street Light Installation and Maintenance. [Confirmed by Management] ·
Subject is engaged in the business of laying and
maintaining pipelines of gas, drainage, sewage and water, earth work for new
road construction, fabrication work such as PSC pole machinery, RCC hum pipe
machinery. [Registered
Activity] |
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|
|
Products/ Services : |
Civil Construction |
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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 : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others [Developers and Government Sectors]
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No. of Employees : |
13 (Approximately) |
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Bankers : |
· The Kalupur Commercial Co-Operative Bank Limited |
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Auditors : |
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Name : |
J.M. Parikh and Associates Chartered Accountants |
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Address : |
B-705, 7th Floor, Nirman Complex, Opposite Havmor
Restaurant, Navrangpura, Ahmedabad-380009, Gujarat, India |
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Tel. No.: |
91-79-26563949/ 26569093 |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Party : |
· Uniquest Developers Private Limited Address:
1st Floor, Room 1 & 2, Blue Star Complex, Opposite Old High Court, Near
Stadium Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India Line of
Business: Construction of Civil Engineering |
CAPITAL STRUCTURE
|
Total Obligation of Concern |
INR 0.100
Million |
CAPITAL
ACCOUNT AS ON 31.03.2017
|
PARTICULARS |
INR IN MILLION |
|
Mahmadkha Bloch |
0.030 |
|
Rizvan Bloch |
0.020 |
|
Chirag Yadav |
0.030 |
|
Uniquest Developer Private Limited |
0.020 |
|
|
----------- |
|
Total |
0.100 |
FINANCIAL DATA
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Contribution received |
|
|
0.100 |
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2] Reserves & Surplus |
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|
(0.029) |
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NETWORTH |
|
|
0.071 |
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LOAN FUNDS |
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|
1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
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|
0.050 |
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TOTAL BORROWING |
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|
0.050 |
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|
DEFERRED TAX LIABILITIES |
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|
0.000 |
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TOTAL |
|
|
0.121 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
|
0.019 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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|
0.000 |
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DEFERREX TAX ASSETS |
|
|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
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|
0.000 |
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Sundry Debtors |
|
|
1.319 |
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Cash & Bank Balances |
|
|
1.616 |
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Other Current Assets |
|
|
0.500 |
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Loans & Advances |
|
|
0.133 |
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Total
Current Assets |
|
|
3.568 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
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Sundry Creditors |
|
|
3.427 |
|
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Other Current Liabilities |
|
|
0.039 |
|
|
Provisions |
|
|
0.000 |
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Total
Current Liabilities |
|
|
3.466 |
|
|
Net Current Assets |
|
|
0.102 |
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|
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|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.121 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
|
SALES |
|
|
|
|
|
|
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Revenue from Operations |
|
|
4.269 |
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Other Income |
|
|
0.000 |
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TOTAL |
|
|
4.269 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
|
|
3.830 |
|
|
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Employees’ Benefit
Expenses |
|
|
0.221 |
|
|
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Other Expenses |
|
|
0.238 |
|
|
|
TOTAL |
|
|
4.289 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
|
|
(0.020) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
|
|
(0.023) |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
(0.029) |
|
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|
|
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|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
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|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
(0.029) |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
112.77 |
|
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|
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Account Receivables Turnover (Income / Sundry Debtors) |
|
|
3.24 |
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Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
0.00 |
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Inventory Turnover (Operating Income / Inventories) |
|
|
0.00 |
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|
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Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
(1.05) |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.70 |
|
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|
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Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
48.82 |
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|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.27 |
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|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
(6.67) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
(0.68) |
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Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
(0.81) |
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Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
(40.85) |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
1.03 |
|
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|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
1.03 |
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G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.02 |
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G-Score Ratio Debt (Debts / Equity Capital) |
|
|
0.50 |
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G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.03 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
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 |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
|
31.03.2017 (INR
In Million) |
|
From Related
Party |
|
|
|
Chirag Yadav |
|
0.050 |
|
|
|
|
|
Total |
|
0.050 |
NATURE OF
OPERATIONS
Subject is a Limited Liability Partnership registered under the Limited
Liability Partnership act 2008. It is engaged in business of laying and
maintaining pipelines of gas, drainage, sewage and water, earth work for new
road construction, fabrication work such as PSC pole machinery, RCC hum pipe
machinery.
FIXED ASSETS:
· Computer
· Plant and Machinery
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 63.67 |
|
UK Pound |
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
YES |
|
--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.