|
|
|
%2022-Mar-2018_files/image007.jpg){kind=small}
%2022-Mar-2018_files/image008.jpg)
%2022-Mar-2018_files/image010.gif)
MIRA INFORM REPORT
|
Report No. : |
496378.2 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FALCON ASSOCIATE |
|
|
|
|
Registered
Office : |
6/818, Kavunkal, Mannancherry, Alappuzha - 688538, Kerala |
|
Mobile No.: |
91-9400140020 (Mr. Basheer Bilal Asan) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2016 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the
management that firm does not have export and import) |
|
|
|
|
TIN No.: |
32041389982 |
|
|
|
|
CST No.: |
32041389982C |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
32BZFPB3035H1ZZ |
|
|
|
|
PAN No.: [Permanent Account No.] |
BZFPB3035H |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer of Ceramic Tiles and Sanitary Ware (Confirmed by management) |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1700 (In INR 110449.85) |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietary concern established in the year 2016. It is a dealer of ceramic tiles and sanitary ware. Mr. Basheer Bilal Asan (Proprietor) has claimed that the concern has achieved sales turnover of INR 6.000 million for the financial year 2017. Payment seems to be slow but correct. 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. Bilal (Proprietor) and he provided the contact details. Our executive inquired with the neighbour companies Electro Tools and Pulithazhayil Foot Wear and they both claimed that the subject exists on the given address. As per our executive’s observation, it is 1 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 approximately 1000 (sq. ft.). 5 employees were sighted in the premises. Name board of the subject was not sighted at the given address. Instead name board of its sister concern Falcon Agencies 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
|
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 22.03.2018
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. Basheer Bilal Asan |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9400140020 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered Office : |
6/818, Kavunkal, Mannancherry, Alappuzha - 688538, Kerala, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9400140020/ 7293414243 (Mr. Basheer Bilal Asan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3000 Sq.ft. |
|
Location : |
Owned |
|
Locality : |
Commercial cum Residential |
SOLE PROPRIETOR
|
Name : |
Mr. Basheer Bilal Asan |
|
Designation : |
Proprietor |
|
PAN No.: |
BZFPB3035H |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Ceramic Tiles and Sanitary Ware (Confirmed by management) |
|
|
|
|
Products : |
·
Ceramic Tiles ·
Sanitary Ware |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited |
|
Auditors : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern (As confirmed by the management): |
Falcon Agencies |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
6.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 10.000 Million
The above information has been parted by Mr. Basheer Bilal Asan (Proprietor)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION
POINTS |
|
Name of Company : |
FALCON ASSOCIATE |
|
|
|
|
Address : |
6/818, Kavunkal, Mannancherry, Alappuzha - 688538, Kerala, India |
|
|
|
|
Mobile No.: |
91-8089458480 |
|
|
|
|
Person to whom we met: |
Mr. Basheer Bilal Asan |
|
|
|
|
Designation : |
Proprietor |
|
|
|
|
Name Board : |
Not Sighted (Sighted Name Board Falcon Agencies) |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Alappuzha Muhamma Road Mannachery Bus Stop |
|
|
|
|
Total Floors of the building: |
Ground + 1 |
|
|
|
|
Subject situated at : |
Ground Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises : |
1000 (Sq. ft.) (Approximately) |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of Employees
seen at Premises : |
5 |
|
|
|
|
Visibility of
Items: |
· Telephone · Computers · Air Conditioner |
|
|
|
|
Furniture Items
Sighted : |
Chairs |
|
|
|
|
Sister Concern
(Other names on name board): |
Falcon Agencies |
|
|
|
|
Neighbour
Interview : |
Name of Company
: Electro Tools Contact Person :
Mr. Suraj (Mobile No.91-9747812999) Name of Company
: Pulithazhayil Foot Wear Contact Person :
Mr. Anil Kumar Neighbours
Overview : Existence Confirmed |
|
|
|
|
Proof of visit: |
Photographs 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, 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 :
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 |
|
US Dollar |
1 |
INR 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--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.