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MIRA INFORM REPORT
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Report No. : |
494950.2 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SOCH CERAMIC |
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Registered
Office : |
Chamrial Kona Highway, Opposite Radha Swami Mandir, P S Liluha,
Howrah, Kolkata - 711114, West Bengal |
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Mobile No.: |
91-9044070760 [Mr. Neeraj Saraf] |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
September 2017 |
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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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TIN No.: |
Not Divulged |
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GST No.: |
19CUIPS9993J1ZC |
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PAN No.: [Permanent Account No.] |
CUIPS9993J |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Trader of Tiles. [Confirmed by Management] |
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No. of Employees
: |
03 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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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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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was established in September 2017 as a proprietorship firm. It is a trader of tiles. Mr. Neeraj Saraf (Proprietor) has provided general information and
also claimed that activity of the firm has started from the same month. Further, he also started that firm will achieved revenue for the FY
2017-18 as INR 10.000 million. Payments are unknown. In view of infancy stage, the firm can be considered for business
dealings with safe and secure conditions. NOTE: Site visit was conducted at the address which you have provided. Our
executive has successfully traced the firm on the given address. At the premises our executive met to Mr. Niraj Saraf (Proprietor) and
he provided contact details i.e. 9044070760. As per our executive observation, location of the firm is difficult to
find. Landmark was opposite Ashok Layland Factory. It is a warehouse type
premises. Locality appears to be commercial cum industrial. Area seems to be
neutral. 03 employees were sighted into premises. Our executive was not sighted name board of “Soch Ceramics” instead of
the found name board of only “Soch”. |
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 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 PARTED BY
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Name : |
Mr. Neeraj Saraf |
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Designation : |
Proprietor |
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Contact No.: |
91-9044070760 |
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Date : |
27.02.2017 |
LOCATIONS
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Registered Office : |
Chamrial Kona Highway, Opposite Radha Swami Mandir, P S Liluha,
Howrah, Kolkata - 711114, West Bengal, India
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9044070760 [Mr. Neeraj Saraf] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
12000 Sq. Ft. |
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Location : |
Rented |
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Locality : |
Commercial cum industrial [As per site visit] |
SOLE PROPRIETOR
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Name : |
Mr. Neeraj Saraf |
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Designation : |
Proprietor |
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PAN No.: |
CUIPS9993J |
BUSINESS DETAILS
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Line of Business : |
Trader of Tiles. [Confirmed by Management] |
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Products/ Services : |
Tiles |
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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 [45 Days] |
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Purchasing : |
Credit [60 Days] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
03 [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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Sister Concern : |
·
Soch
Ceramic Address: Salugara, Near State Bank of India, P. O. Salugara, Siliguri, Darjeeling - 734008, West Bengal, India Activity: Trader of Tiles GST: 19CUIPS9993J1ZC |
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 Indian INR Million]
NEW BUSINESS
Expected Sales (2017-2018): INR 10.000 Million
The above information has been parted by Mr. Neeraj Saraf (Proprietor)
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 |
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 |
Yes |
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18 |
Major suppliers |
No |
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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 |
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 |
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 : |
SOCH CERAMIC |
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Address : |
Chamrial Kona Highway, Opposite Radha Swami Mandir, P S Liluha,
Howrah, Kolkata - 711114, West Bengal, India |
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Contact No.: |
91-9044070760 |
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Date of Visit : |
12.03.2018 |
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Person to whom we met: |
Mr. Neeraj Saraf |
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Name Board : |
Not Sighted [Sighted name board of “Soch”] |
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Location: |
Difficult |
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Landmark (If Any): |
Opposite Ashok Leyland Factory |
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Total Floors of the Building : |
Shed type premises |
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Subject situated on: |
Shed type premises |
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Locality: |
Commercial cum Industrial |
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Area : |
Neutral |
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No. of employees seen at premises: |
03 (Approx.) |
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Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
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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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 65.02 |
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UK Pound |
1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
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Information Gathered
by : |
SHK |
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Analysis Done by
: |
PRS |
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Report Prepared
by : |
ARC |
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 |
YES |
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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.