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MIRA INFORM REPORT
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Report No. : |
486636 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SHREEDAA CASHEW PROCESSOR |
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Registered
Office : |
Near Nana Pondha Police Station, Depo Faliya, Vapi Nashik Road, Taluka
Kaprada, District Valsad, Vapi-396195, Gujarat |
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Mobile No.: |
91-9586271711 [Mr. Arvind Ranchoddas Bhanushali] |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
2012 |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
Not Divulged |
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GST No.: |
24ACLFS8610D1Z7 |
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TIN No.: |
24250600223 |
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PAN No.: [Permanent Account No.] |
ACLFS8610D |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
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Processor of Raw Cashew. [Confirmed by Management] |
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No. of Employees
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120 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 8000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a partnership concern established in the year 2012. It is an importer and processor of raw cashew. Mr. Arvind R. Bhanushali (Partner) has claimed that the concern
achieved sales turnover of INR 22.000 million for the FY 2016 and INR 28.000
million for the FY 2017. Payments are reported to be slow but correct. In view of aforesaid, the concern can be considered for business
dealings at usual 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
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 22.01.2018.
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. Arvind Ranchoddas Bhanushali |
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Designation : |
Partner |
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Contact No.: |
91-9586271711 |
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Date : |
20.01.2018 |
LOCATIONS
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Registered Office/ Factory : |
Near Nana Pondha Police Station, Depo Faliya, Vapi Nashik Road, Taluka
Kaprada, District Valsad, Vapi-396195, Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9586271711/ 9979286711 [Mr. Arvind Ranchoddas Bhanushali] 91-8980109202 [Mr. Tapan] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
17800 Sq. Ft. |
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Location : |
Leased |
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Locality : |
Commercial |
PARTNERS
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Name : |
Mr. Arvind Ranchoddas Bhanushali |
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Designation : |
Partner |
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Name : |
Mr. Kishore Khumji Bhanushali |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Processor of Raw Cashew. [Confirmed by Management] |
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Products/ Services : |
Raw Cashew |
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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 : |
Raw Cashew |
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Countries : |
African Countries |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
· D’Mart |
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No. of Employees : |
120 [Approximately] |
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Bankers : |
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Auditors : |
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Name : |
Patel and Purohit Associates Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
· Winter Heart Solution Line of
Business: Processor Raw Cashew |
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 ANALYSIS
[all figures are
in INR Million]
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PARTICULARS |
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31.03.2017 |
31.03.2016 |
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Sales Turnover (Approximately) |
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28.000 |
22.000 |
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Expected Sales (2017-2018): INR 50.000 Million
The above information has been parted by Mr. Arvind Ranchoddas
Bhanushali (Partner)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
FINANCIAL ANALYSIS
[all figures are
in INR Million]
YEAR-ON-YEAR GROWTH
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Year
on Year Growth |
31.03.2016 |
31.03.2017 |
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INR
In Million |
INR
In Million |
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Sales Turnover (Approximately) |
22.000 |
28.000 |
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27.273 |
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 |
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) |
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 |
Yes |
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19 |
Major customers |
Yes |
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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 |
Yes |
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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 two years |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
Yes |
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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 |
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