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MIRA INFORM REPORT
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Report No. : |
494943.2 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MAHE TILES CENTRE |
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Registered
Office : |
2/285, Samad Complex, Parakkal, Mahe-673310, Puducherry (UT) |
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Mobile No.: |
91-9895182293 [Mr. Siddiqui K.V.] |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
1994 |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
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GST No.: |
34AAEFM3550H1ZI |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAEFM3550H |
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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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Dealer of Tiles and Sanitary Ware. [Confirmed by Management] |
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No. of Employees
: |
11 [Approximately] |
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 : |
Subject is a partnership concern established in the year 1994. It is a dealer of tiles and sanitary ware. Mr. Siddiqui K.V (Partner) has provided partial information about the subject to us. Rating is constrained on account of absence of financial information to evaluate risk associated with the subject concern. No payment terms are known. In view of aforesaid, the concern can be considered for business dealings with some caution. NOTE: Site visit was conducted at the address which you have provided and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Kareem (Manager) has provided the visiting card of the subject and has confirmed the subject’s existence on the given address. Our executive inquired with the neighbour companies Light house where he spoke to Mr. Subhaib who confirmed that the subject exists on the given address from last 2 years and Selection Tiles and Sanitary Ware where he spoke to Mr. Nousheed who confirmed that the subject exists on the given address from last 1.5 years. As per our executive’s observation, it is a 2 storey building and subject is situated on the ground floor of the building. Location was easy to find. Locality appears to be commercial. Area seems to be upmarket. Area of premises is 250 (sq. ft.). 1 employee was sighted in the premises. Name board of the subject was sighted at the 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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 09.03.2018.
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 [GENERAL DETAILS]
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Name : |
Mr. Siddiqui K.V. |
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Designation : |
Partner |
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Contact No.: |
91-9895182293 |
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Date : |
28.02.2018 |
LOCATIONS
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Registered Office : |
2/285, Samad Complex, Parakkal, Mahe-673310, Puducherry (UT), India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9895182293 [Mr. Siddiqui K.V.] |
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Fax No.: |
Not Available |
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Area: |
250 Sq. Ft. [As per Site Visit] |
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Location : |
Rented |
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Locality : |
Commercial |
PARTNERS
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Name : |
Mr. Nasira P |
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Designation : |
Partner |
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Name : |
Mr. Siddiqui K.V. |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Dealer of Tiles and Sanitary Ware. [Confirmed by Management] |
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Products/ Services : |
· Tiles · Sanitary Ware |
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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 : |
Cash and Credit [60 Days] |
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Purchasing : |
Cash and Credit [30 Days] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler and Retailers
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No. of Employees : |
11 [Approximately] |
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Bankers : |
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Auditors : |
Not Divulged |
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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]
NOT DIVULGED
The above information has been declined by Mr. Siddiqui K.V. (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 -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 |
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 |
OBSERVATION POINTS
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Name of Company : |
MAHE TILES CENTRE |
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Address : |
2/285, Samad Complex, Parakkal, Mahe-673310, Puducherry (UT), India |
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Contact No.: |
91-9895693372 |
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Date of Visit : |
07.03.2018 |
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Person to whom we met: |
Mr. Kareem [Manager] |
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Name Board : |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
Parakkal Junction – NH 17 |
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Total Floors of the Building : |
02 Floors |
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Subject situated on: |
Ground Floor |
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Locality: |
Commercial |
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Area of Premises : |
250 Sq. Ft. |
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Area : |
Upmarket |
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No. of employees seen at premises: |
01 [Approximately] |
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Visibility of Items: |
·
Telephone ·
Computers ·
Air Conditioner |
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Neighbours Interview : |
Our executive inquired with the neighbour companies Light
house where he spoke to Mr. Subhaib who confirmed that the subject exists on the
given address from last 2 years and Selection Tiles and Sanitary Ware where
he spoke to Mr. Nousheed who confirmed that the subject exists on the given
address from last 1.5 years. |
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Proof of visit: |
Photos and Visiting Card |
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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Indian Rupees |
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US Dollar |
1 |
INR 64.92 |
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1 |
INR 90.23 |
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Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
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NIY |
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Report Prepared
by : |
RUP |
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.