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MIRA
INFORM REPORT
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Report No. : |
496837 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PARTH PAPERS LLP |
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Registered
Office : |
Survey No. 24P, At: Lilapar Road, Morbi, Rajkot – 363641, Gujarat |
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Tel. No.: |
91-7698842005 (Mr. Parth) |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Establishment : |
24.08.2017 |
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Total Obligation
of Contribution: |
INR 1.000 Million |
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LLPIN : |
AAK-4038 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABFV5718M |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Manufacturer of Papers, Board, Corrugated Board, Corrugating Medium, Pulp,
Writing Papers, Printing Paper, Absorbent Paper. (Registered activity) |
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No. of Employees
: |
Information denied by the management
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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 was established in the year 1983 as a partnership firm with
the name of the “Parth Papers” and later on 24th August 2017, it
got converted into Limited Liability Partnership Firm with the name of “Parth
Papers LLP”. The subject is engaged in manufacturing of paper. Management has denied providing any information about the subject to
us. As per the available financial records of earlier concern “Parth
Papers” for the FY 2017, the subject has sufficient capital base. No payment terms are known. In view of aforesaid, the subject can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 13.03.2018
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 DENIED BY
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Name : |
Mr. Path |
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Designation : |
Not Divulged |
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Contact No.: |
91-7698842005 |
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Date : |
09.03.2018 |
91-8141202039 (RINGING)
LOCATIONS
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Registered Office : |
Survey No. 24P, At: Lilapar Road, Morbi, Rajkot – 363641, Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-7698842005 (Mr. Parth) 91-9879605770 (Mr. Shaileshbhai Babubhai Detroja) 91-9825546767 (Mr. Ashvinkumar Narshibhai Bhuva) 91-8141202039 |
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Fax No.: |
Not Available |
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E-Mail : |
PARTNERS
As on 31.03.2017
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Name : |
Mr. Shaileshbhai Babubhai Detroja |
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Designation : |
Designated Partner |
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Address : |
Kayaji Plot, Umiya Apartment, Blok No. 4, Morbi, Rajkot – 363641, Gujarat, India |
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Date of Birth/Age : |
26.06.1978 |
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Date of Appointment : |
24.08.2017 |
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PAN No.: |
ACNPPT56OK |
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DPIN No.: |
00389850 |
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Name : |
Mr. Ashvinkumar Narshibhai Bhuva |
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Designation : |
Designated Partner |
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Address : |
302, Umiya Tower-1, Near Umiya Chowk, Ravapar Road, Morbi, Rajkot – 363641, Gujarat, India |
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Date of Birth/Age : |
05.05.1962 |
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Date of Appointment : |
24.08.2017 |
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PAN No.: |
ABTPB9452D |
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DPIN No.: |
02860507 |
CONTRIBUTION DETAILS
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Names of Persons |
INR in Million |
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Ashvinkumar Narshibhai Bhuva |
0.050 |
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Shaileshbhai Babubhai Detroja |
0.100 |
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Babulal Valjibhai Detroja |
0.100 |
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Satishkumar Babubhai Detroja |
0.100 |
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Chetnaben Shaileshbhai Detroja |
0.080 |
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Leenaben Satishbhai Detroja |
0.080 |
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Chandubhai Govindbhai Kalavadia |
0.035 |
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Gautam Thakarshibhai Vadavia |
0.015 |
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Rajivkumar Pravinchandra Bhuva |
0.070 |
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Ajaykumar Pravinchandra Bhuva |
0.070 |
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Sadhanaben Ashvinbhai Bhuva |
0.040 |
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Parth Ashvinbhai Bhuva |
0.050 |
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Harilal Narshibhai Bhuva |
0.060 |
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Bhartiben Harilal Bhuva |
0.060 |
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Piyush Savjibhai Bhuva |
0.040 |
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Jagdishkumar Mavjibhai Patel |
0.050 |
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Total |
1.000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Papers, Board, Corrugated Board, Corrugating Medium, Pulp,
Writing Papers, Printing Paper, Absorbent Paper. (Registered activity) |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
Rakshit R. Dadhania Chartered Accountants |
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Membership No.: |
161786 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Available |
CONTRIBUTION
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Total Obligation of contribution |
INR 1.000 Million |
FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
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 |
No |
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5 |
Buyer visit details |
-- |
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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 |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR THE
COMPANY
PARTH
PAPERS (PARTNERSHIP FIRM)
BALANCE SHEET
(INR in Million)
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SOURCES OF FUNDS |
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20.08.2017 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
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1.150 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.150 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.529 |
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TOTAL BORROWING |
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0.529 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.679 |
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APPLICATION OF
FUNDS |
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FIXED ASSETS [Net Block] |
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0.127 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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1.541
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Other Current Assets |
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0.000 |
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Loans, Advances and Deposits |
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0.011
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Total
Current Assets |
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1.552
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Less : CURRENT LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
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Other Current Liabilities |
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0.000 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.000
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Net Current Assets |
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1.552
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MISCELLANEOUS EXPENSES |
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0.000
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TOTAL |
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1.679 |
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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 65.08 |
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|
1 |
INR 89.85 |
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Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
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Analysis Done by
: |
NYT |
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Report Prepared
by : |
KJL |
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 |
|
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 |
|
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.