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MIRA INFORM REPORT
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Report No. : |
488815 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MULTEE PROE INDIA |
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Registered
Office : |
No. 77, 2nd Floor, Millers Point, Millers Road, Bangalore - 560052,
Karnataka |
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Tel. No.: |
91-80-22280505/ 22259102 |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment : |
Not Divulged |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Sole Proprietary Concern [Confirmed by Management) |
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Line of Business
: |
Trader and Providing Quality Solution Pertaining to large Screen
Business Presentation Equipment’s and its Delivery. [From Indirect Source] |
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No. of Employees
: |
15 [Approximately] [As per site visit] |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Ms. Manjula. K (contacted Person) only confirmed the legal form i.e Proprietorship concern. Further she denied to provide any information. However, as per indirect source we could find that the subject is a trader of specialized large screen business presentation equipment and also provides consulting services and solutions. Rating gets constrained on account of lack of requisite information to evaluate risk associated with the subject. Payment seems to be unknown. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. NOTE: Site visit was conducted at the given address and our executive have successfully traced the subject. Where our executive met to one of the staff (H.R and Admin Department) and only provided with contact number (#080-22259102). As per our executive observation, it is a 2 storey building and the subject is situated on 2nd floor and the area of the premises is 800 SQ.FT. Location is very difficult to find near “Imperial Hotel”. Locality seems to be commercial area. Area near the premise building seems to be upmarket. Landmark- Imperial Hotel Further, our executive have sighted approximately 15 employees at the premises and sighted telephone, Xerox machine, computer, air conditioner, office equipment and furniture items. However, the name board of the subject was sighted on the given premise address. On enquiry with Mr. Deepak from neighbouring company “Muruli Printing Point” confirmed the existence of the subject on the given premise 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 31.01.2018.
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 DECLINED BY
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Name : |
Ms. Manjula. K |
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Designation : |
Not Divulged |
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Contact No.: |
91-80-22259102 |
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Date : |
30.01.2018 |
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-80-22280505]
[91-9840940877/ 9844018900/ 80-22-354400] ringing
LOCATIONS
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Registered Office : |
No. 77, 2nd Floor, Millers Point, Millers Road, Bangalore - 560052,
Karnataka, India |
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Tel. No.: |
91-80-22280505/ 22259102 |
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Fax No.: |
91-80-22354400 |
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E-Mail : |
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Website : |
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Area : |
800 Sq. Ft. [As per site visit] |
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Locality : |
Commercial [As per site visit] |
SOLE PROPRIETOR [Confirmed by Management]
NOT DIVULGED
BUSINESS DETAILS
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Line of Business : |
Trader and Providing Quality Solution Pertaining to large Screen Business
Presentation Equipment’s and its Delivery. [From Indirect Source] |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
15 [Approximately] [As per site visit] |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
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 DATA
[all figures are
in INR Million]
NOT DIVULGED
The above information has been declined by Ms. Manjula K
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 |
No |
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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 |
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 |
No |
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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 |
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 |
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 |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
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Name of Company : |
MULTEE PROE INDIA |
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Address : |
No. 77, 2nd Floor, Millers Point, Millers Road, Bangalore - 560052, Karnataka, India |
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Contact No.: |
91-80-22259102 |
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Date of Visit : |
29.01.2018 |
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Person to whom we met: |
Name Refused [HR Admin Department]
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Name Board : |
Sighted |
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Location: |
Difficult |
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Landmark (If Any): |
Imperial Hotel |
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Total Floors of the Building : |
2 Floors |
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Subject situated on: |
2nd Floor |
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Locality: |
Commercial |
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Area of Premises : |
800 Sq. Ft. |
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Area : |
Upmarket |
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No. of employees seen at premises: |
15 [Approx.] |
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Visibility of
Items: |
·
Telephone ·
Telex ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
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Neighbours Interview : |
On enquiry with Mr. Deepak from neighbouring company
“Muruli Printing Point” confirmed the existence of the subject on the given
premise address |
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Proof of visit: |
Photos |
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 63.75 |
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UK Pound |
1 |
INR 89.39 |
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Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
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Information
Gathered by : |
SAV |
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Analysis Done by
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NIS |
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Report Prepared
by : |
ARC |
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.