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MIRA INFORM REPORT
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Report No. : |
515766 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
BHARAT TRADING CO. |
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Registered
Office : |
Delhi Road, Near K.L.P College, Rewari-124001, Haryana |
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Mobile No.: |
91-9215044112 [Mr. Ashok Kamal] |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Year of
Establishment : |
1989 |
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Capital
Investment : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm does not have export and import) |
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PAN No.: [Permanent Account No.] |
ACUPK1538M |
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GSTN : [Goods & Service Tax Registration
No.] |
06ACUPK1538M1Z3 |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Dealer of Tractors. [Confirmed by Management] |
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No. of Employees
: |
15 [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 31400 [INR 2141495.70] |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a proprietorship concern established in the year 1989 and
it is engaged as dealer of tractors. The concern holds the agency of Escorts Limited. Mr. Ashok Kamal (Proprietor) provided information and claimed that the
subject has achieved revenue of INR 100 million for FY-2017 and INR 110
million for FY-2018. However, these figures are not yet verified. Rating takes into account, the long and established track record of
its business operation and fair revenue base. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business
dealing at usual trade terms and conditions. Note: Site visit was conducted at the given address and our executive had
successfully traced the subject. At the premise our executive met to Mr. Mayan Kamal (Manager) and he
confirmed the existence of the subject on the given address. As per our executive’s observation, it’s a shed type premise
comprising total area of 1700 Sq. Yard. Location was easy to find, locality seems to be commercial and area
near the premise appears to be upmarket. Our executive had sighted 5 employees along telephone, fax machine,
air conditioner, office equipment and furniture items at the premise. Name board of the subject was sighted at the given premise address. On inquiry with Mr. Ramesh Kumar from “Amba Motors” and Mr. Rakesh
Sharma from “W2W Company” both persons from neighbouring companies confirmed
the existence of the subject on 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 (31.12.2017) |
Current Rating (01.04.2018) |
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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
31-03-2018.
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 22.06.2018.
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. Ashok Kamal |
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Designation : |
Proprietor |
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Contact No.: |
91-9215044112 |
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Date : |
20.06.2018 |
LOCATIONS
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Registered Office : |
Delhi Road, Near K.L.P College, Rewari-124001, Haryana, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9215044112 [Mr. Ashok Kamal] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
1700 Sq. Yard |
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Location : |
Owned |
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Locality : |
Commercial |
SOLE PROPRIETOR
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Name : |
Mr. Ashok Kamal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
19.06.1952 |
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PAN No.: |
ACUPK1538M |
BUSINESS DETAILS
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Line of Business : |
Dealer of Tractors. [Confirmed by Management] |
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Products/ Services : |
Tractors |
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Brand Names : |
Not Available |
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Agencies Held : |
Escorts Limited |
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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 : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
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Purchasing : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
15 [Approximately] |
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Bankers : |
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Auditors : |
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Name : |
Ashok Goyal and Company Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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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31.03.2018 |
31.03.2017 |
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Sales Turnover (Approximately) |
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110.000 |
100.000 |
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Expected Sales (2018-2019): INR 120.000 Million
The above information has been parted by Mr. Ashok Kamal [Proprietor]
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
FINANCIAL ANALYSIS
[all figures are
in INR Million]
YEAR-ON-YEAR GROWTH
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Year
on Year Growth |
31.03.2017 |
31.03.2018 |
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INR
In Million |
INR
In Million |
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Sales Turnover (Approximately) |
100.000 |
110.000 |
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10.000 |
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 |
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 |
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 |
Yes |
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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 |
Yes |
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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 |
Yes |
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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 |
OBSERVATION POINTS
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Name of Company : |
BHARAT TRADING CO. |
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Address : |
Delhi Road, Near K.L.P College, Rewari-124001, Haryana, India |
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Contact No.: |
91-9215044114 |
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E-Mail : |
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Person to whom we met: |
Mr. Mayan Kamal (Manager) |
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Name Board : |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
Near KLP College |
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Total Floors of the Building : |
Shed Type Premise |
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Locality: |
Commercial |
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Area of Premises : |
1700 Sq. Yard |
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Area : |
Upmarket |
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No. of employees seen at premises: |
05 [Approx.] |
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Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Air Conditioner ·
Office Equipment |
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Furniture
Items Sighted : |
Yes |
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Neighbours Interview : |
Name of the
company: Amba Motors Contact Person
Name: Mr. Ramesh Kumar Name of the
company: W2W Company Contact Person
Name: Mr. Rakesh Sharma |
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Neighbours
Overview : |
Existence Confirmed |
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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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.20 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
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Information Gathered
by : |
SAV |
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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 |
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.