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MIRA INFORM REPORT
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Report No. : |
485193.2 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WASIM HARDWARE AND MARBLE HOUSE |
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Registered
Office : |
House No.1328, Joykrishnapur, C/O. Llegemore, Nalhati, Birbhum-731220,
West Bengal |
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Mobile No.: |
91-9647214406 (Mr.
Abdul Wasim) |
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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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GSTIN : |
19ABIPW6757F1ZY |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
ABIPW6757F |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Trader of
sanitary items, wash basin, tap towel ring, soap dispenser, marble.
[Confirmed by management] |
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No. of Employees
: |
4 (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 proprietary concern established in the year 2015. It is a
trader of sanitary items,
wash basin, tap towel ring, soap dispenser, marble. Mr. Abdul
Wasim (Proprietor) has provided general information about the concern but has
denied disclosing financial details. Rating is constrained on account of absence of financial information evaluate
risk associated with the subject concern. 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 and our executive has successfully traced the
subject on the given address. At the premises our executive met the owner’ brother (name not
divulged) who confirmed the existence of the subject on the given address. Our executive also inquired with the neighbour companies where he
spoke to Mr. Dan (Prince Electric) and Mr. Nilu (A R Medicine) and they
claimed that the subject exist on the given address. As per our executive’s observation, it is 1 storey building and subject
is situated on the ground floor of the building. Location was easy to find.
Locality appears to be commercial. Area seems to be neutral. Area of premises
is 300 (sq. ft.). 1 employee was sighted in the office. Name board of the
subject was sighted at 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
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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
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 18.01.2018.
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. Abdul
Wasim |
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Designation : |
Proprietor |
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Contact No.: |
91-9647214406 |
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Date : |
10.01.2018 |
LOCATIONS
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Registered Office : |
House No.1328, Joykrishnapur, C/O. Llegemore, Nalhati, Birbhum-731220,
West Bengal, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9647214406 (Mr.
Abdul Wasim) 91-9537822322 (Mr. Jigarbhai) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area of Premises : |
300 Sq. ft. (As per site visit) |
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Locality: |
Commercial (As per site visit) |
SOLE PROPRIETOR
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Name : |
Mr. Abdul
Wasim |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Jigarbhai |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Trader of
sanitary items, wash basin, tap towel ring, soap dispenser, marble.
[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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment |
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Purchasing : |
Advance Payment |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
4 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Adinath Chatterji Chartered Accountants |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
Not Available |
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
INR Million]
NOT DIVULGED
The above information has been denied by Mr. Abdul Wasim (Proprietor)
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
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 (As per site visit) |
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 |
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 |
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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 |
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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 |
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OBSERVATION
POINTS |
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Name of Company : |
WASIM HARDWARE AND MARBLE HOUSE |
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Address : |
House No.1328, Joykrishnapur, C/O. Llegemore, Nalhati, Birbhum-731220,
West Bengal, India |
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Person to whom we met: |
Brother of Mr.
Abdul Wasim (Name not divulged ) |
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Name Board: |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
College |
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Total Floors of the building: |
Ground Floor + 1st Floor |
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Subject situated on : |
Ground Floor |
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Locality: |
Commercial |
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Area of Premises : |
300 Sq. ft. |
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Area : |
Neutral |
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No. of Employees
seen at Premises : |
1 |
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Visibility of
Items: |
Office Equipment’s |
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Furniture items
sighted : |
1 Chair, 1 Table |
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Neighbours Interview : |
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Name of company
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Prince Electric |
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Name of person : |
Mr. Dan |
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Name of company
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A R Medicine |
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Name of person : |
Mr. Nilu |
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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, 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 63.98 |
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UK Pound |
1 |
INR 88.13 |
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Euro |
1 |
INR 78.35 |
INFORMATION DETAILS
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Information
Gathered by : |
SHW |
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Analysis Done by
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NYT |
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Report Prepared
by : |
BHG |
SCORE FACTORS
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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 |
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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 |
NO |
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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.