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|
MIRA INFORM REPORT
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Report No. : |
493870 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARCO TRADING EST. LLP |
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|
|
|
Registered
Office : |
35, Queens Lawn, 967, 6th Floor, S. V. Road, Vile Parle (West),
Mumbai – 400056, Maharashtra |
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Tel. No.: |
91-22-67087288/89/90/91 |
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|
Country : |
India |
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Financials (as
on) : |
19.02.2018 (Provisional) |
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Date of
Incorporation : |
03.05.2017 |
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|
|
|
Total Obligation
Fund : |
INR 0.050 million |
|
|
|
|
LLPIN : |
AAJ-3264 |
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|
|
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IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
TIN No.: |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27ABIFA3613Q1Z4 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
ABIFA3613Q |
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|
|
Legal Form : |
Limited Liability Partnership |
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|
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Line of Business
: |
Trading in Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals, Angles, shapes and sections of iron or non-alloy steel, Aluminium bars, rods and profiles, Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, Woven fabrics of cotton, Containing 85% or more by weight of cotton, weighing more than 200G/M 2 – Unbleasched. (Registered Activity and also Confirmed by management) |
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|
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No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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Status : |
New Business |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is Limited Liability Partnership firm started in May 2017. Mrs. Jyoti Kudtarkar (Accounts Head) has provided general information
and also claimed that activity of the firm was started from the same month. As per provisional financials upto February 2018, the firm has shown
decent revenue from its operation. Payments are unknown. In view of infancy stage, the firm can be considered for business
dealings with safe and secure condition. (Note : Available provisional financials of 2018 are provided for mere
reference) |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 01.03.2018
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
|
Name : |
Mrs. Jyoti Kudtarkar |
|
Designation : |
Account Head |
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Contact No.: |
91-9769990787 |
|
Date : |
21.02.2018 |
LOCATIONS
|
Registered Office : |
35, Queens Lawn, 967, 6th Floor, S. V. Road, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Tel. No.: |
91-22-67087288/89/90/91 |
|
Mobile No.: |
91-9769990787 (Mrs. Jyoti Kudtarkar) |
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Fax No.: |
Not Available |
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Email : |
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Area : |
600 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
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|
|
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Warehouse : |
Survey No.51, Hissa No.3/2, Village Shilphata, Thane – 410203,
Maharashtra, India |
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Location : |
Owned |
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Locality : |
Commercial |
PARTNERS
As on 2018
|
Name : |
Mr. Siddharth Prakash Bihani |
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Designation : |
Designated Partner |
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Address : |
36, Queens Lawn, 967, S. V. Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
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Date of Birth/ Age: |
30.06.1984 |
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Date of Appointment : |
03.05.2017 |
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DPIN No.: |
01662255 |
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Other
Directorship :
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Name : |
Mr. Umesh Govind Raut |
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Designation : |
Designated Partner |
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Address : |
Room No. 1380, Shri Krishna Society, Welfare Bilalpada, Palhar Road, Nalasopara
(East), Thane -401209, Maharashtra, India |
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Date of Birth/ Age: |
03.04.1973 |
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Date of Appointment : |
03.05.2017 |
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DPIN No.: |
05106810 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mrs. Jyoti Kudtarkar |
|
Designation : |
Account Head |
CONTRIBUTION DETAILS
|
Names of Person |
|
Capital Contribution |
|
Siddharth Prakash Bihani |
|
19990 |
|
Umesh Govind Raut |
|
10 |
|
Total |
|
20000 |
Total contribution amount INR in 0.020 million
BUSINESS DETAILS
|
Line of Business : |
Trading in Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals, Angles, shapes and sections of iron or non-alloy steel, Aluminium bars, rods and profiles, Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, Woven fabrics of cotton, Containing 85% or more by weight of cotton, weighing more than 200G/M 2 – Unbleasched. (Registered Activity and also Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Others (Traders)
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No. of Employees : |
4 (Approximately) |
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Bankers : |
|
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Auditors : |
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|
Name : |
S.M. Bhat and Associates Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
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Membership No.: |
030696 |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 19.02.2018
(Provisional)
|
Total obligation Fund |
INR 0.050 million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
19.02.2018 (Provisional) |
|
|
|
|
|
|
|
|
CONTIBUTIONS
AND LIABILITIES |
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|
|
|
|
1] Capital Account |
|
|
0.050 |
|
|
2] Share Application Money |
|
|
0.166 |
|
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3] Reserves & Surplus |
|
|
0.000 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
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NETWORTH |
|
|
0.216 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
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|
0.000 |
|
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2] Unsecured Loans |
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|
0.000 |
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TOTAL BORROWING |
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|
0.000 |
|
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DEFERRED TAX LIABILITIES |
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|
0.000 |
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|
|
|
|
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TOTAL |
|
|
0.216 |
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|
|
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|
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APPLICATION OF FUNDS |
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|
|
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FIXED ASSETS [Net Block] |
|
|
0.000 |
|
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Capital work-in-progress |
|
|
0.000 |
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|
|
|
|
|
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INVESTMENT |
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|
0.000 |
|
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DEFERRED TAX ASSETS |
|
|
0.000 |
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|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
17.782
|
|
|
Sundry Debtors |
|
|
15.990
|
|
|
Cash & Bank Balances |
|
|
0.031
|
|
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Other Current Assets |
|
|
3.219
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
37.022
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.806
|
|
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Other Current Liabilities and Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
36.806
|
|
|
Net Current Assets |
|
|
0.216
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
0.216
|
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
19.02.2018 (Provisional) |
|
|
SALES |
|
|
|
|
|
Income |
|
|
30.612 |
|
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Other Income |
|
|
0.000 |
|
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TOTAL
|
|
|
30.612 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
30.416 |
|
|
conveyance |
|
|
0.001 |
|
|
Printing and Stationery |
|
|
0.001 |
|
|
Round Off |
|
|
0.000 |
|
|
Salary A/c |
|
|
0.022 |
|
|
Sundry Expenses |
|
|
0.001 |
|
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Tea & Refreshment |
|
|
0.001 |
|
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TOTAL |
|
|
30.442 |
|
|
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|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST |
|
|
0.170 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.004 |
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
|
|
0.166 |
|
|
|
|
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IMPORTS
|
|
|
|
|
|
Raw
Materials |
|
|
48.198 |
|
|
Total
|
|
|
48.198 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
19.02.2018 (Provisional) |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
190.66 |
|
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|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
|
1.91 |
|
|
|
|
|
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Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
278.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
0.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
19.02.2018 (Provisional) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.99 |
|
|
|
|
|
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Debt Equity Ratio (Total Liability
/ Networth) |
|
|
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
170.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
42.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
19.02.2018 (Provisional) |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
|
0.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
0.45 |
|
|
|
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|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
76.85 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
19.02.2018 (Provisional) |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
0.52 |
|
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|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.01 |
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|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
1.01 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last about ten months
|
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last about ten months |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR LLP
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.10 |
|
UK Pound |
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.