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MIRA INFORM REPORT
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Report No. : |
515707 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
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Name : |
SETH TRACTORS |
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Registered
Office : |
Guna Road, District Ashoknagar – 473331, Madhya Pradesh |
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Mobile No.: |
91-8120135080 (Mr. Sanjay Seth) |
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Country : |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment : |
1995 |
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Capital
Investment / Paid-up Capital : |
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.] |
AADFS6122L |
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GSTN : [Goods & Service Tax
Registration No.] |
23AADFS6122L1Z9 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business
: |
Dealer of
Tractors. [From Indirect Sources] |
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No. of Employees
: |
6 (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 : |
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 : |
Mr. Sanjay Seth (Partner) only confirmed that the subject is a partnership concern. However, as per indirect source we could find that the subject was established in the year 1995 and it is engaged as dealer of tractors. The concern holds the agency of Escorts Limited. Rating gets constrained on account of lack of financial information to evaluate risk associated with the subject. Payment seems to be unknown. In view of aforesaid, the concern can be considered for business dealing with some caution. 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. Sanjay Seth (Partner) and he confirmed the existence of the subject on the given address. As per our executive’s observation, it’s a ground + 1 storey building and subject is situated on ground floor comprising of total area of 900 SQ.FT. Location was easy to find, locality seems to be commercial and area near the premise appears to be neutral. Our executive had sighted 6 employees at the premise along with telephone, computer, air conditioner, office equipment, Xerox machine and furniture items. Name board of the subject was sighted at the given premise address. On inquiry with neighbouring company “Prakash Iron Industries”, confirmed the subject’s existence 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 (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 23.06.2018
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 DENIED BY
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Name : |
Mr. Sanjay Seth |
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Designation : |
Partner |
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Contact No.: |
91- 8120135080 |
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Date : |
21.06.2018 |
LOCATIONS
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Registered Office : |
Guna Road, District Ashoknagar – 473331, Madhya Pradesh, India |
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Tel. No.: |
91-7543-222554/220822 |
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Mobile No.: |
91- 8120135080/ 9425132080 (Mr. Sanjay Seth) 91- 9713454399 (Mr. Saaransh Seth) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
900 Sq. Ft (As per site visit) |
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Locality : |
Commercial (As per site visit) |
PARTNERS
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Name : |
Mr. Sanjay Seth |
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Designation : |
Partner |
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Name : |
Mr. Saaransh Seth |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business
: |
Dealer of
Tractors. [From Indirect Sources] |
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Brand Names : |
Not Available |
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Agencies Held : |
Escorts Limited |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees
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6 (Approximately) (As per site visit) |
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Bankers : |
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Auditors : |
Not Divulged |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
-- |
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
INR Million]
NOT DIVULGED
The above information has been denied by Mr. Sanjay Seth
(Partner)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
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 –legal form |
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 |
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 |
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 : |
SETH TRACTORS |
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Address : |
Guna Road, District Ashoknagar – 473331, Madhya Pradesh, India |
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Contact No.: |
91-9425132080 |
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Person to whom we met: |
Name: Mr. Sanjay Seth Designation :
Partner |
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Name Board : |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
Guna Road |
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Total Floors of the building: |
Ground + 1 Floor |
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Subject situated on: |
Ground Floor |
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Locality: |
Commercial |
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Area of premises : |
900 Sq. Ft |
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Area : |
Neutral |
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No. of employees seen at premises: |
6 |
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Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
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Furniture items: |
Yes |
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Neighbour’s
interview : |
Name of Company: Prakash Industries |
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Neighbour’s
overview : |
Existence Confirmed |
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Proof of visit: |
Photographs |
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
|
INR |
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US Dollar |
1 |
INR 67.77 |
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|
1 |
INR 89.96 |
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Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
KVT |
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
|
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.