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|
MIRA
INFORM REPORT
|
Report No. : |
499683 |
|
Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
C L GUPTA OVERSEAS LLP |
|
|
|
|
Registered
Office : |
DPT -337, DLF Prime Tower, Oklha, New Delhi -110020 |
|
Mobile No.: |
91-8126538705 (Mr. Girdhari Gupta) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.03.2016 |
|
|
|
|
Total Obligation
of Contribution: |
INR 19.942 Million |
|
|
|
|
LLPIN No.: |
AAG-0232 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the
management that firm does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
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|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
20 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
|
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|
|
Comments : |
Subject is a limited partnership firm established in March 2016. It is a manufacturer of metal, glass, wood etc. Mr. Girdhari Gupta (Accounts and Finance Manager) has claimed that the subject will commence its operational activities from January 2019. The overall financial profile of the firm seems to be average marked by comfortable capital base along with unsecured debt recorded in the books and pre-operational loss incurred during the FY 2017. Rating is constrained on account of limited business track record. 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.
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 24.03.2018
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
|
Name : |
Mr. Girdhari Gupta |
|
Designation : |
Accounts and Finance Manager |
|
Contact No.: |
91-8126538705 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered Office : |
DPT -337, DLF Prime Tower, Oklha, New Delhi -110020, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8126538705 (Mr. Girdhari Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head office: |
SEZ Unit Plot No A1, Moradabad Special Economic Zone, Moradabad - 244102,
Uttar Pradesh, India |
|
Tel No.: |
91-591-2477000 |
|
Fax No.: |
91-591-2477300 |
PARTNERS
AS ON 2018
|
Name : |
Mr. Raghav Chandra Gupta |
||||||||||||||||||||||||
|
Designation : |
Designated Partner |
||||||||||||||||||||||||
|
Address : |
B-82, Gulmohar Park, New Delhi -110049, India |
||||||||||||||||||||||||
|
Date of Appointment : |
22.03.2016 |
||||||||||||||||||||||||
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DPIN No.: |
00054551 |
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Other Directorship
:
|
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Anil Gupta |
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|
Designation : |
Designated Partner |
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|
Address : |
B-82, Gulmohar Park, New Delhi -110049, India |
||||||||||||||||||||||||
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Date of Appointment : |
22.03.2016 |
||||||||||||||||||||||||
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DPIN No.: |
00054615 |
||||||||||||||||||||||||
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Other
Directorship :
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ajai Kumar Gupta |
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|
Designation : |
Designated Partner |
||||||||||||||||||||||||
|
Address : |
B-82, Gulmohar Park, New Delhi -110049, India |
||||||||||||||||||||||||
|
Date of Appointment : |
22.03.2016 |
||||||||||||||||||||||||
|
DPIN No.: |
00054664 |
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Other
Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Gaurang Gupta |
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|
Designation : |
Body Corporate DP Nominee |
||||||||||||||||||||||||
|
Address : |
B-82, Gulmohar Park, New Delhi -110049, India |
||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2016 |
||||||||||||||||||||||||
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DPIN No.: |
05275565 |
||||||||||||||||||||||||
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Other
Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Girdhari Gupta |
|
Designation : |
Accounts and Finance Manager |
CONTRIBUTION DETAILS
As on 2017
|
Names of Person |
|
Capital
Contribution |
|
Ajai Kumar Gupta |
|
2.500 |
|
Anil Gupta |
|
2.500 |
|
Raghav Chandra Gupta |
|
2.500 |
|
C L Gupta Exports Limited |
|
2.500 |
|
Total |
|
10.000 |
BUSINESS DETAILS
|
Line of Business : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Available |
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|
|
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Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Goel Garg and Company Chartered Accountants |
|
Address : |
3H, Big Jo’s Tower, Netaji Subhash Place, New Delhi – 110034, India |
|
Tel No.: : |
91-11-27356486 / 27351186 |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises over which key management personnel are able to exercise
influence : |
C l Gupta Exports limited |
CAPITAL STRUCTURE
After2017
Total Contribution:
INR 40.000 Million
As on 31.03.2017
|
Partner’s Fixed Capital |
31.03.2017 (INR in Million) |
|
Anil Gupta |
2.500 |
|
Ajai Gupta |
2.500 |
|
Raghav Gupta |
2.500 |
|
C. L Gupta Exports Limited |
2.500 |
|
Total |
10.000 |
|
Partner’s Current Capital |
31.03.2017 (INR in Million) |
|
Anil Gupta |
2.485 |
|
Ajai Gupta |
2.485 |
|
Raghav Gupta |
2.486 |
|
C. L Gupta Exports Limited |
2.486 |
|
Total |
9.942 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Fixed Capital |
|
|
10.000 |
|
(b) Partner's Current |
|
|
9.942 |
|
(c) Reserves &
Surplus |
|
|
0.000 |
|
(d) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
19.942 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
41.676 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
41.676 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
0.000 |
|
(c) Other current
liabilities |
|
|
0.308 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total Current Liabilities
(4) |
|
|
0.308 |
|
|
|
|
|
|
TOTAL |
|
|
61.926 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
0.000 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
41.919 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.007 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
41.926 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
0.000 |
|
(d) Cash and cash
equivalents |
|
|
20.000 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
20.000 |
|
|
|
|
|
|
TOTAL |
|
|
61.926 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
0.000 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Other expenses |
|
|
0.022 |
|
|
TOTAL |
|
|
0.022 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
(0.022) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
(0.007) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
(0.015) |
Expected Sales (2018-2019): INR 100.000 Million
The above information has been parted byMr. Girdhari Gupta
(Accounts and Finance Manager)
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
|
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
2.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
2.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
(0.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
(0.08) |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
64.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
64.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
4.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
64.94 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
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 |
No |
|
5] |
Buyer visit details |
-- |
|
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 |
No |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
Yes |
|
19] |
Major customers |
No |
|
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 about one year |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last about one year |
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 Million) |
|
Long-term
Borrowings |
|
|
|
C L Gupta Exports Limited |
|
41.676 |
|
|
|
|
|
Total |
|
41.676 |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
|
31.03.2017 |
|
Estimated amount of contracts remaining to
be executed on capital account |
|
8.946 |
|
|
|
|
FIXED ASSETS
- Automatic Level Stand machine
- Biometric Machine
- Computer Software
- Furniture and Fixture
- Genset
- Site Sales office furniture
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
M06193015 |
100158861 |
State Bank of India |
31/01/2018 |
- |
- |
300000000.0 |
SPECIALIZED COMM BRANCH CIVIL LINES MORADABAD MORADABAD – 244001, UTTAR PRADESH, INDIA |
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 |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
YES |
|
--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.