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MIRA
INFORM REPORT
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Report No. : |
496825 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
30, Gandhi Grain Market, Telephone Exchange Square Central Avenue,
Central Avenue Road, Nagpur – 440008, Maharashtra |
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Tel. No.: |
91-712-2768091 |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment: |
2001 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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TIN No.: |
Not Available |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
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Dealer and Distributor of Flex, Vinyl, Inks, LED and Acrylic.
(Confirmed by management) |
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No. of Employees
: |
10 (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 : |
Mr. Govind Agarwal (Proprietor) denied to provide any information about the subject. However, as per indirect source we could find that the subject was established in the year 2001 and it is engaged as dealer and distributor of flex, vinyl, inks, LEDs and Acrylic. Rating gets constrained on account of lack of financial information available to evaluate risk associated with the subject. Payments seems to be unknown. In view of aforesaid, the concern can be considered for business dealings with some caution. Note: Site visit was conducted at the given address and our executive have successfully traced the subject. At the premises our executive met Mr. Govind Agarwal (Proprietor) confirmed that the subject exist on the given address and further provided email id (keyaltraders@gmail.com) and contact number (9422111827). As per our executive’s observation, it is a ground + 1 floor building and the subject is situated on ground floor. Area of the premises is 3300 SQ.FT. Location was easy to find. Locality seems to be commercial and area near the premise building seems to be upmarket. Landmark: Telephone Exchange Square. Further our executive has sighted approximately 2 employees and also telephone, computer, air conditioner, office equipment and furniture items were sighted at the premises. Even, the name board of the subject was sighted at the given premise address. On inquiry with Bank (The Khamgaon Urban Co-operative Bank Limited) and Bellezza (The Unisex Saloon) both persons from neighbouring company confirmed the existence of the subject on 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
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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 19.03.2018
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. Nitin Agarwal |
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Designation : |
Not Divulged |
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Contact No.: |
91-9096567890 |
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Date : |
09.03.2018 |
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Name : |
Mr. Govind S. Agarwal |
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Designation : |
Proprietor |
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Contact No.: |
91-9422111827 / 9422850739 |
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Date : |
09.03.2018 |
LOCATIONS
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Registered Office : |
30, Gandhi Grain Market, Telephone Exchange Square Central Avenue,
Central Avenue Road, Nagpur – 440008, Maharashtra, India |
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Tel. No.: |
91-712-2768091 |
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Mobile No.: |
91-9422111827 / 9422850739 (Mr. Govind S. Agarwal) 91-9096567890 (Mr. Nitin Agarwal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
3300 SQ. Ft. |
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Locality : |
Commercial |
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Branch Office : |
Near Gujarat Bada, Lalita Chowk, Badhai Para, Raipur – 492001,
Chattisgarh, India |
SOLE PROPRIETOR
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Name : |
Mr. Govind S. Agarwal |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Dealer and Distributor of Flex, Vinyl, Inks, LED and Acrylic.
(Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
3M |
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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 : |
10 (Approximately) |
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Bankers : |
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Auditors : |
Not Available |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
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 DATA
[all figures are
in INR Million]
NOT DIVULGED
The above information has been denied by Mr. Nitin Agarwal.
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 – Legal Form |
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 FORM
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COMPANY NAME: KEYAL TRADERS ADDRESS: 30, GANDHI GRAIN MARKET, TELEPHONE EXCHANGE SQUARE CENTRAL AVENUE, CENTRAL AVENUE ROAD, NAGPUR – 440008, MAHARASHTRA, INDIA CONTACT NO: 91-9422111827 EMAIL: KEYALTRADERS@GMAIL.COM PERSON TO WHOM WE MET: MR. GOVIND S. AGARWAL DESIGNATION: PROPRIETOR NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): TELEPHONE EXCHANGE SQUARE TOTAL FLOORS OF THE BUILDING: GROUND + 1 FLOOR SUBJECT SITUATED ON : GROUND FLOOR LOCALITY: COMMERCIAL AREA OF PREMISES: 3300 SQ. FT. AREA: UPMARKET NO. OF EMPLOYEES SEEN AT PREMISES: 2 VISIBILITY OF
ITEMS: TELEPHONE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT FURNITURE ITEMS
SIGHTED: CHAIRS, OFFICE EQUIPMENT NEIGHBOUR’S
INTERVIEW NAME OF COMPANY
: THE KHAMGAON URBAN CO-OPERATIVE
BANK LIMITED NEIGHBOUR’S OVERVIEW : THEY CONFIRMED THE EXISTENCE OF THE SUBJECT ON THE GIVEN ADDRESS. NAME OF COMPANY
: BELLEZA (THE UNISEX SALOON) NEIGHBOUR’S OVERVIEW : THEY CONFIRMED THE EXISTENCE OF THE SUBJECT ON THE GIVEN ADDRESS. PROOF OF VISIT: PHOTOGRAPH / 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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INR |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 90.83 |
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Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
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Information
Gathered by : |
SAV |
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Analysis Done by
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NSG |
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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
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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.