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MIRA INFORM REPORT
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Report No. : |
487068 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JSM BAJORIA RESTAURANTS LLP |
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Registered
Office : |
57A, Park Street, Shop No. 34, Flat No. 2, Park Mansion, Ground Floor
& 1st Floor, Kolkata – 700016, West Bengal |
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Tel. No.: |
91-33-40069200 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
07.11.2016 |
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LLPIN : |
AAH-7546 |
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Total
Obligation of Contribution: |
INR 0.100 Million |
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IEC No.: |
Not Divulged |
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GSTIN : |
19AAMFJ4445J1ZW |
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PAN No.: [Permanent Account No.] |
AAMFJ4445J |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
To carry on all the business of hotels, restaurants, cafes, holiday camps, resorts, taverns, beer-houses, refreshment rooms, night clubs, cabarets and swimming pools, licensed wine and beer. (Register Activity) |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Maximum Credit Limit : |
USD 280 |
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Status : |
Relatively new company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company established during the year 2016
and it is engaged in providing hospitality services. Mr. Amit Bajoria (CEO) has provided general information and he claimed
that the subject has commenced its business operation from January 2017. Further, he denied to disclose any financial information about the
subject. Management has failed to file its latest financials with Government
Registry. Rating is constrained on account of subject’s absence of financial
information to evaluate risk associated with subject. Payments are reported to be unknown. In view aforesaid, the subject can be considered for business dealings
at safe and secured trade terms and conditions. |
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
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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 20.01.2018
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
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Name : |
Mr. Amit Bajoria |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-33-40069200 |
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Date : |
19.01.2018 |
LOCATIONS
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Registered Office : |
57A, Park Street, Shop No. 34, Flat No. 2, Park Mansion, Ground Floor
& 1st Floor, Kolkata – 700016, West Bengal, India |
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Tel. No.: |
91-33-40069200 |
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Mobile No.: |
Not Available |
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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 |
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Head Office : |
156/A, Lenin Sarani, Kamalalaya Centre, Room No. 401, 4th Floor, Kolkata -700013, West Bengal, India |
PARTNERS
As on: 31.03.2017
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Name : |
Ms. Vanita Bajoria |
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Designation : |
Designated Partner |
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Address : |
27 Sri Arabinda Sarani, 9 Shyampukur, Kolkata – 700005, West Bengal,
India |
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Date of Appointment : |
09.01.2017 |
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DPIN No.: |
05333133 |
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Other Directorship:
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Name : |
Mr. Krishnkant Bajoria |
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Designation : |
Designated Partner |
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Address : |
27 Sri Arabinda Sarani, 9 Shyampukur, Kolkata – 700005, West Bengal,
India |
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Date of Appointment : |
09.01.2017 |
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DPIN No.: |
05333112 |
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Other Directorship:
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Name : |
Mr. Jayajit Singh |
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Designation : |
Designated Partner |
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Address : |
Flat No.3, Floor No. 2, Sorrento Building, Mount Pleasant Road,
Malabar Hills, Mumbai – 400006, Maharashtra, India |
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Date of Appointment : |
07.11.2016 |
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DPIN No.: |
00613169 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Amit Bajoria |
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Designation : |
Chief Executive Officer |
OBLIGATION DETAILS
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Names of Parson |
Obligation
of Contribution (INR In Million) |
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Vanita Bajoria |
0.026 |
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Krishnkant Bajoria |
0.023 |
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Jayajit Singh |
0.051 |
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Total |
0.100 |
BUSINESS DETAILS
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Line of Business : |
To carry on all the business of hotels, restaurants, cafes, holiday camps, resorts, taverns, beer-houses, refreshment rooms, night clubs, cabarets and swimming pools, licensed wine and beer. (Register Activity) |
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Products : |
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Brand Names : |
Hard Work Cafe |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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Imports : |
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Products : |
Machinery Equipment etc. for Restaurant |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
L/C and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
30 (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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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
TOTAL OBLIGATION OF
CONTRIBUTION: INR 0.100 Million
FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
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 |
Yes |
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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 |
No |
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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 |
Yes |
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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 |
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 |
NOTE: Registered office of the company has been shifted from 156/A, Lenin Sarani, Kamalalaya Centre, Room No 401, 4th Floor, Kolkata -700013, West Bengal, India to the present address w.e.f.
INDEX OF CAHREGS:
No Charges Exists for Company
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 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 63.71 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRUP |
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 unfavorable.
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.