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MIRA INFORM REPORT
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Report No. : |
485177 |
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Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
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Name : |
REN JETTING SYSTEMS LLP |
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Registered
Office : |
712, Arista, Sindhu Bhavan Road, Off SG Highway, Bodakdev, Ahmedabad-380058, Gujarat |
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Tel. No.: |
91-79-29700839/ 40 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
27.01.2017 |
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Total Obligation
of Contribution: |
INR 0.100 Million |
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LLPIN No.: |
AAI-3852 |
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IEC No.: |
0816502790 |
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GST No.: |
24AAVFR3240E1Z8 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAVFR3240E |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
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· Manufacturer of Water Jetting and Cleaning Machines. [Confirmed by Management] ·
Manufacturer, Trader and Exporter of all kinds of
Jetting and washing equipments, pumps valves, acessories and any other
related item and also Providing Testing services of all kind of Jetting &
Washing Equipments. [Registered
Activity] |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new limited liability partnership concern established on 27 January 2017. It is engaged as manufacturer of water jetting and cleaning machine. Mr. Hari Krishna [Accounts Manager] provided information and claimed that the subject has started its business from April 2017. Business is active. Payments are reported to be unknown. In the view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 11.01.2018.
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]
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Name : |
Mr. Harikrishna |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9687617950 |
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Date : |
10.01.2018 |
LOCATIONS
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Registered Office : |
712, Arista, Sindhu Bhavan Road, Off SG Highway, Bodakdev, Ahmedabad-380058, Gujarat, India |
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Tel. No.: |
91-79-29700839/ 40 |
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Mobile No: |
91-9687617950 [Mr. Harikrishna] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
10, Raghuvir Estate, Satlej, District Gandhinagar-382721, Gujarat,
India |
PARTNERS
AS ON 31.03.2017
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Name : |
Mr. Renish Narothparmbil Bhasker |
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Designation : |
Designated Partner |
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Address : |
B-41, Maruti Nandan Vihar, Sardar Patel Ring Road, Bopal, Ahmedabad-380058, Gujarat, India |
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Date of Birth/Age : |
25.05.1973 |
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Date of Appointment : |
27.01.2017 |
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DPIN No.: |
02255186 |
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Other Directorship :
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Name : |
Mrs. Swapna Renish Bhaskar |
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Designation : |
Designated Partner |
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Address : |
B-41, Maruti Nandan Vihar, Sardar Patel Ring Road, Bopal, Ahmedabad-380058, Gujarat, India |
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Date of Birth/Age : |
03.11.1978 |
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Date of Appointment : |
27.01.2017 |
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DPIN No.: |
02733439 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Harikrishna |
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Designation : |
Accounts Manager |
CONTRIBUTION DETAILS
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Names of Persons |
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INR in Million |
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Renish Narothparmbil Bhasker |
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0.035 |
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Swapna Renish Bhaskar |
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0.065 |
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Total |
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0.100 |
BUSINESS DETAILS
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Line of Business : |
· Manufacturer of Water Jetting and Cleaning Machines. [Confirmed by Management] ·
Manufacturer, Trader and Exporter of all kinds of
Jetting and washing equipments, pumps valves, acessories and any other
related item and also Providing Testing services of all kind of Jetting &
Washing Equipments. [Registered
Activity] |
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Products/ Services : |
· Water Jetting ·
Cleaning Machines |
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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 : |
Finished Goods |
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Countries : |
Nepal |
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Imports : |
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Products : |
Machinery Parts |
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Countries : |
Italy |
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Terms : |
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Selling : |
Advance Payment, Cheque and Others [RTGS] |
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Purchasing : |
Advance Payment, Cheque and Others [RTGS] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
OEMs
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No. of Employees : |
10 (Approximately) |
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Bankers : |
· Kalupur Commercial Co-Operative Bank Limited G.F , 7 - 8- 9 Aastha Avenue, Besides Bsnl Tele Exchange, GIDC Naroda, Ahmedabad-382330, Gujarat, India |
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Auditors : |
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Name : |
Parikh N Majmudar and Associates Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
· S S Hydraulics Address:
Naroda, Ahmedabad, Gujarat, India Line of
Business: Mnaufacturer of Indsutrial Hydraulic Pressure Pumps |
CAPITAL STRUCTURE
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Total Obligation of Concern |
INR 0.100
Million |
FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
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 |
No |
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5 |
Buyer visit details |
-- |
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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 |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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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) |
Yes |
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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 |
Yes |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
Yes |
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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 |
Yes |
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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 |
INDEX OF CHARGES:
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SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
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1 |
M04692703 |
100115926 |
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
12/07/2017 |
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2500000.0 |
G.F , 7 - 8- 9 AASTHA AVENUE, BESIDES BSNL TELE EXCHANGE , GIDC NARODA AHMEDABAD Ahmedabad GJ 382330 IN |
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 63.83 |
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UK Pound |
1 |
INR 86.28 |
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Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
IND |
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 |
YES |
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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.