|
|
|
MIRA INFORM REPORT
|
Report No. : |
494028 |
|
Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NUTECH ENGINEERING COMPANY |
|
|
|
|
Registered
Office : |
H.I.T. Road, Ichapur, Kamar Danga, P.O.
Santragachi, Mini Bus Stop (Jagacha), Howrah – 711104, West Bengal |
|
Tel. No.: |
91-33-26772606 |
|
Website : |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.07.2003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.446 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TIN No.: |
19682990032 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACMPC4157C |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
19ACMPC4157C1ZS |
|
|
|
|
Shop &
Establishment Certificate No. |
--- |
|
|
|
|
Udyog Aadhar
No.: |
WB08A0005826 Date: 09.08.2017 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern. |
|
|
|
|
Line of Business
: |
Manufacturing
of Mechanical Components. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a proprietorship concern established in the year 2003 having moderate track record. It is engaged as manufacturing of mechanical components. As per the available financials of 2017, the concern has achieved decent growth in its sales turnover but has reported thin profit margin during the year. The company possesses moderate financial risk profile marked by modest capital base along with high gearing level. Rating further gets constrained on account of excess borrowing recorded by the firm along with highly fragmented industry with presence of other large players and unorganized sector marked by profit margins exposed to fluctuations in the input prices. However, Business is active. Payments are seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealing with some caution. Note: Site visit was conducted on the registered address and our executive have successfully traced the subject. At the premises our executive met Mr. Lalit Kumar Chowdhary (Proprietor). As per or executive observation, it is 2 storey building and the subject office is situated on ground floor. Area of the office premises is 700 SQ.FT and 1000 SQ.FT of factory premise which is beside the office premises. Location is easy to find near “Kamar Danga Mini Bus Stop” as a landmark. Locality seems to be industrial and area near the premises appears to be upmarket. Further, our executive have sighted 10 employees at the premises along with some office items such as telephone, computer, air conditioner, Xerox machine as well as furniture items Even the name board of the subject was sighted at the address. On enquiry with staff member of “Eureka Enterprises” and “Kanrar and Co.” both from neighbouring companies confirmed the existence of the subject. |
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 15.03.2018
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 : |
Mr. Lalit Kumar Chowdhary |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9830251166 |
|
Date : |
13.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
H.I.T. Road, Ichapur, Kamar Danga, P.O. Santragachi, Mini Bus Stop
(Jagacha), Howrah – 711104, West Bengal, India |
|
Tel. No.: |
91-33-26772606 |
|
Mobile No.: |
91-9830251166 (Mr. Lalit Kumar Chowdhary) |
|
E-Mail : |
91-33-26537100 |
|
Website : |
|
|
Area: |
700 Sq. Ft. (Office) 1000 Sq. Ft. (Factory) |
|
Locality: |
Industrial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Lalit Kumar Kashi Nath Chowdhary |
|
Designation : |
Proprietor |
|
Address : |
Purti Season, Automn Block, 22, Buro Shibtalla Main Road, Near Chanditala
More, Sahapur, Circus Avenue, Kolkata – 700038, West Bengal, India |
|
Date of Birth/Age : |
13.11.1959 |
|
Aadhaar No: |
660636973652 |
|
PAN No.: [Permanent Account No.] |
ACMPC4157C |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Mechanical Components. |
|
|
|
|
Products and Services: |
Mechanical
Components |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
-- |
|
|
|
|
Purchasing : |
-- |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Prasanta KR Roy Barman Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
Memberships No: |
013905 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
--- |
LITIGATIONS
NIL
CAPITAL STRUCTURE
As on: 31.03.2017
|
Particular |
Amount INR
Lacs |
|
Opening Balance |
4.421 |
|
Add: Additions |
2.000 |
|
Add: Net Profit |
5.417 |
|
Less: Drawing |
9.392 |
|
Total |
2.446 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital Account |
2.446 |
4.421 |
4.424 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
3] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.446 |
4.421 |
4.424 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.456 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
274.523 |
258.764 |
115.926 |
|
|
3] Bank Overdraft |
59.433 |
57.446 |
0.719 |
|
|
TOTAL
BORROWING |
334.412 |
316.210 |
116.645 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
336.858 |
320.631 |
121.069 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.020 |
1.512 |
1.774 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.060 |
1.060 |
1.060 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
185.492 |
152.151 |
122.360 |
|
|
Sundry Debtors |
168.011 |
212.747 |
172.707 |
|
|
Cash & Bank Balances |
10.809 |
3.489 |
4.137 |
|
|
Other Current Assets |
0.000 |
2.120 |
1.682 |
|
|
Loans & Advances |
3.433 |
29.081 |
0.960 |
|
|
Deposits |
21.838 |
19.710 |
17.587 |
|
Total Current Assets |
389.583 |
419.298 |
319.433 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.530 |
93.005 |
196.624 |
|
|
Duties and Taxes |
3.475 |
2.231 |
1.366 |
|
|
Other Current Liabilities |
5.800 |
6.003 |
3.208 |
|
Total Current Liabilities |
55.805 |
101.239 |
201.198 |
|
|
Net Current
Assets |
333.778 |
318.059 |
118.235 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
336.858 |
320.631 |
121.069 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
320.898 |
331.045 |
393.971 |
|
|
Other Income |
8.434 |
8.487 |
1.212 |
|
|
TOTAL |
329.332 |
339.532 |
395.183 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
246.748 |
269.919 |
334.589 |
|
|
Carriage Inword |
0.014 |
0.249 |
0.000 |
|
|
Labour Charges |
21.040 |
12.867 |
12.446 |
|
|
Consumable Stores |
0.108 |
0.000 |
0.000 |
|
|
Drawing and Specification
|
0.030 |
0.114 |
0.000 |
|
|
Inspection Charges |
0.434 |
0.205 |
0.445 |
|
|
Testing Charges |
3.280 |
0.647 |
2.871 |
|
|
Rebate and Discount |
0.000 |
4.167 |
3.290 |
|
|
Entry Tax |
0.000 |
0.136 |
0.026 |
|
|
Loading and Unloading
Charges |
0.855 |
0.000 |
0.000 |
|
|
Electric Charges |
0.423 |
0.203 |
0.374 |
|
|
Accounting Charges |
0.660 |
0.600 |
0.500 |
|
|
Audit Fees |
0.000 |
0.402 |
0.399 |
|
|
Bonus |
0.180 |
0.130 |
0.000 |
|
|
Call Charges |
0.000 |
0.278 |
0.000 |
|
|
Computer Maintenance
Charges |
0.086 |
0.000 |
0.002 |
|
|
Late Fee |
0.098 |
0.050 |
0.027 |
|
|
Carriage Outword |
4.668 |
9.347 |
12.143 |
|
|
General Expenses |
0.697 |
0.034 |
0.200 |
|
|
Repair and Maintenance |
0.131 |
0.132 |
0.148 |
|
|
Incidental Charges |
0.004 |
0.021 |
0.085 |
|
|
Office and Godown Rent |
0.480 |
1.228 |
0.360 |
|
|
Certification Fees |
0.286 |
0.158 |
0.000 |
|
|
Postage and Courier
Charges |
0.058 |
0.067 |
0.092 |
|
|
Printing and Stationery |
0.158 |
0.171 |
0.265 |
|
|
Professional Fees |
1.200 |
1.268 |
1.800 |
|
|
Professional Tax |
0.025 |
0.025 |
0.020 |
|
|
Conservancy Charges |
0.015 |
0.182 |
0.000 |
|
|
Salary |
4.480 |
1.560 |
0.420 |
|
|
Sales Promotion |
0.379 |
0.125 |
0.182 |
|
|
Sales Tax Assessed Dues |
0.210 |
0.289 |
0.000 |
|
|
TDS Assessed Dues |
0.000 |
0.028 |
0.000 |
|
|
ISO Fees |
0.081 |
0.000 |
0.191 |
|
|
Staff Welfare |
0.002 |
0.000 |
0.000 |
|
|
Subscription and Donation |
0.030 |
0.000 |
0.014 |
|
|
Vehicle Running Expenses |
0.213 |
0.191 |
0.162 |
|
|
Telephone Charges |
0.773 |
0.974 |
0.868 |
|
|
Tender Fees |
0.222 |
0.338 |
0.106 |
|
|
Trade License |
0.059 |
0.000 |
0.000 |
|
|
Travelling and Conveyance
|
1.185 |
1.976 |
2.360 |
|
|
Calibration Charges |
0.024 |
0.000 |
0.000 |
|
|
Rates and Taxes |
0.000 |
0.000 |
0.030 |
|
|
Stock Insurance |
0.000 |
0.362 |
0.000 |
|
|
Insurance Premium |
0.000 |
0.022 |
0.000 |
|
|
TOTAL |
289.336 |
308.465 |
374.415 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST AND DEPRECIATION |
39.996 |
31.067 |
20.768 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
34.239 |
25.283 |
12.754 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION |
5.757 |
5.784 |
8.014 |
|
|
|
|
|
|
|
Less |
DEPRECIATION |
0.341 |
0.262 |
0.314 |
|
|
|
|
|
|
|
|
NET PROFIT |
5.416 |
5.522 |
7.700 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
191.10 |
234.57 |
160.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.91 |
1.56 |
2.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
68.83 |
125.77 |
214.50 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.99 |
0.99 |
0.99 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
136.72 |
71.52 |
26.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
135.05 |
81.43 |
71.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.83 |
0.34 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.17 |
1.23 |
1.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.69 |
1.67 |
1.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.38 |
1.31 |
2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
221.42 |
124.90 |
174.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.11 |
1.11 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.55 |
0.69 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
136.72 |
71.52 |
26.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.11 |
1.11 |
0.95 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Proprietor’s Capital Account |
4.424 |
4.421 |
2.446 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4.424 |
4.421 |
2.446 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.456 |
|
Unsecured Loans |
115.926 |
258.764 |
274.523 |
|
Bank Overdraft |
0.719 |
57.446 |
59.433 |
|
Total
borrowings |
116.645 |
316.210 |
334.412 |
|
Debt/Equity
ratio |
26.366 |
71.525 |
136.718 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
393.971 |
331.045 |
320.898 |
|
|
|
(15.972) |
(3.065) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
393.971 |
331.045 |
320.898 |
|
Profit |
7.700 |
5.522 |
5.416 |
|
|
1.95% |
1.67% |
1.69% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
22 |
Conduct of the banking account |
No |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Exclusive Vincom Private Limited |
16.861 |
16.861 |
|
Genuine Comotrade Private Limited |
12.970 |
12.970 |
|
Kanishk Fabricators Private Limited |
(14.675) |
4.040 |
|
Loan – Dharmendra Tulsyan |
7.000 |
0.000 |
|
Loan- Dharmendra Tulsyan (HUF) |
3.545 |
0.000 |
|
Loan – Dignity Shoppers Dharmendra Tulsyan |
9.079 |
9.079 |
|
Loan – Lalit Kumar Chowdhary (HUF) |
12.641 |
7.597 |
|
Loan – Lochan Commercial Private Limited |
7.025 |
6.485 |
|
Loan – Pansari Trading and Finvest Private Limited |
4.550 |
12.970 |
|
Loan –Swami Vanijya Private Limited |
21.075 |
19.455 |
|
Neha Gangwal |
6.485 |
6.485 |
|
Rajni Jain |
5.188 |
5.188 |
|
Rekha Jain |
4.540 |
4.540 |
|
Shobha Jain |
3.891 |
3.891 |
|
Advance - Archana Chowdhary |
6.610 |
3.880 |
|
Devghar Vincom Private Limited |
6.809 |
6.323 |
|
Dipak Bhotika |
0.000 |
0.000 |
|
Loan – Anu Pankaj Agarwal |
22.626 |
21.006 |
|
Loan-Atul Agarwal |
0.757 |
0.000 |
|
Loan – Axis Bank |
0.000 |
0.000 |
|
Loan – Bajranglal Rathi (HUF) |
5.300 |
0.000 |
|
Loan – Champion Advisory Private Limited |
0.000 |
0.000 |
|
Loan – Crabel Distributors Private Limited |
5.693 |
5.288 |
|
Loan - Devghar Batter Private Limited |
1.213 |
11.693 |
|
Loan – Fastspeed Enterprises Private Limited |
0.135 |
3.135 |
|
Loan – Fedilite Comosales Private Limited |
0.131 |
3.131 |
|
Loan – Honey Bee Dealcom Private Limited |
43.886 |
43.657 |
|
Loan – Lokeanth Infra Developers Private Limited |
3.379 |
3.136 |
|
Loan – Mangalsudha Dealcom Private Limited |
5.743 |
5.338 |
|
Loan – Manisha Bhuwania |
8.209 |
7.409 |
|
Loan – Priti Mundhra |
4.432 |
0.000 |
|
Loan – Rajesh Kumar Rathi (HUF) |
5.300 |
0.000 |
|
Loan – Raj Kumar Chowdhary |
9.354 |
0.000 |
|
Loan – Rita Bhuwania |
7.355 |
7.403 |
|
Loan – Sajan Kr. Bhuwania |
8.273 |
0.000 |
|
Loan – Sajjan Kr. Bhuwania (HUF) |
2.013 |
7.517 |
|
Loan – Santosh Devi Ramuka |
2.296 |
2.080 |
|
Loan – Satyalaxmi Promoters Private Limited |
9.198 |
8.550 |
|
Loan – Subhrashi Enclave Private Limited |
10.386 |
9.657 |
|
Loan – Sumita Devi Rathi |
5.250 |
0.000 |
|
Total |
274.523 |
258.764 |
FIXED ASSETS:
- Cycle
- Motor Cycle
- Motor Cycle
- Mobile Phone
- Measuring Equipment
- Plant and Machinery
- Office Equipment
- Computer
- Furniture and Fittings
- Office Furniture
|
OBSERVATION POINTS |
|
Name of Company : |
NUTECH ENGINEERING COMPANY |
|
|
|
|
Address : |
H.I.T. Road, Ichapur, Kamardanga, P.O. Santragachi, Mini Bus Stop (Jagacha),
Howrah – 711104, West Bengal, India |
|
|
|
|
Mobile No.: |
91-9830251166 |
|
|
|
|
Email: |
|
|
|
|
|
Person to whom we met: |
Mr. Lalit Kumar Chowdhary Designation
: Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark : |
Kamar Danga Mini Bus Stop |
|
|
|
|
Total Floors of the building: |
Ground Floor + 2 Floor |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
700 Sq. Ft. (Office) 1000 Sq. Ft. (Factory) |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Level of
operation : |
High |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
-- |
|
|
|
|
No. of employees seen at premises: |
10 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Neighbour’s
interview : |
Company of
Company: Eureka Enterprises Neighbour’s overview : Confirmed the existence Company of
Company: Kanrar and Co.” Neighbour’s overview : Confirmed the existence |
|
|
|
|
Proof of visit: |
Photograph / Visiting Card Photographs: Exterior with name
board/ Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name: Samrath Banerjee
Designation: Field Executive Contact No.: 91-9681612591 Date: 13.02.2018 |
PICTURES
NEIGHBOURS
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 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 (as on
15.03.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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.
·