|
|
|
MIRA INFORM REPORT
|
Report No. : |
498103 |
|
Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAURASHTRA TIN AND METAL INDUSTRIES |
|
|
|
|
Registered
Office : |
Saral Stove, 80 Feet Road, Plot No.356, 357 and 358, G.I.D.C. Aji
Vasahat, Rajkot – 360003, Gujarat |
|
Tel. No.: |
91-281-2387819/ 2387820/ 2387821 |
|
Website : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.04.1991 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 232.956 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
----- |
|
|
|
|
TIN No.: |
2491002418 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHFS2935B |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
24AAHFS2935B2ZI |
|
|
|
|
Shop & Establishment
Certificate No. |
-- |
|
|
|
|
Udyog Aadhar
No.: |
GJ20B0014407 Date: 25.09.2016 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturing
of Auto Parts. |
|
|
|
|
No. of Employees
: |
60 (Approximately) (As per Site Visit) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1991 as a partnership firm and it is having satisfactory track records. It is engaged in manufacturing of auto parts. For the financial year 2017, the firm has marginal increased in its revenue from operations and maintained minimal profitability margin of 0.76%. Rating takes into consideration firm’s sound financial risk profile marked by healthy capital base and low debt balance sheet. The firm also derives strength from its established track records of business operation and improvement in the revenue as well profitability profile during the year. Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct. In view of aforesaid, the firm can be considered for business dealings at usual trade terms and 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. Nitin Chotai (Partner) of the firm. As per our executive observation, location of the firm is easy to find. It is a 2 storey building and whole premises belongs to the firm. Locality appears to be industrial. Area seems to be upmarket.
Area of the premises was 40000 (SQ.FT. approx.) and 60 employees were sighted into premises. Name board of the firm was not 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 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 BY
|
Name : |
Mr. Ketanbhai Jayantilal Chotai |
|
Designation : |
Partner |
|
Contact No.: |
91-9898888811 |
|
Date : |
23.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Saral Stove, 80 Feet Road, Plot No.356, 357 and 358, G.I.D.C. Aji
Vasahat, Rajkot – 360003, Gujarat, India |
|
Tel. No.: |
91-281-2387819/ 2387820/ 2387821 |
|
Mobile No.: |
91-9898888811 (Mr. Ketanbhai
Jayantilal Chotai) |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
40000 Sq. Ft. (As per Site Visit) |
|
Locality: |
Industrial (As per Site Visit) |
PARTNERS
|
Name : |
Mr. Ketanbhai Jayantilal Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1001, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
16.07.1966 |
|
Aadhaar No: |
7153 9834 9046 |
|
PAN No.: |
ABAPC3408P |
|
Mobile No.: |
91-9898888811 |
|
|
|
|
Name : |
Mr. Nitinbhai Jayantilal Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1101, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
01.12.1967 |
|
Aadhaar No: |
2984 3392 4058 |
|
PAN No.: |
ABAPC3406D |
|
Mobile No.: |
91-9898888822 |
|
|
|
|
Name : |
Mrs. Rita Ketanbhai Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1001, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
14.07.1970 |
|
Aadhaar No: |
2929 0173 6281 |
|
PAN No.: |
ABCPC8528J |
|
Mobile No.: |
91-9898332211 |
|
|
|
|
Name : |
Mrs. Nipaben Nitinbhai Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1101, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
08.02.1972 |
|
Aadhaar No: |
8115 0039 2625 |
|
PAN No.: |
ABCPC8529K |
|
Mobile No.: |
91-9898558888 |
|
|
|
|
Name : |
Ms. Vaidehi Nitinbhai Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1101, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
08.05.1997 |
|
Aadhaar No: |
8116 6004 2906 |
|
PAN No.: |
APZPC5683F |
|
Mobile No.: |
91-9727333334/ 9898888822 |
|
|
|
|
Name : |
Mr. Aditya Ketanbhai Chotai |
|
Designation : |
Partner |
|
Address : |
Block Number 1001, Thakordwar, Sant Bhojalram Marg, Opposite Parnakuti
Police Station, Panchavati Main Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
24.03.1999 |
|
Aadhaar No: |
2321 6702 6217 |
|
PAN No.: |
APZPC5729E |
|
Mobile No.: |
91-9898444999/ 9898888811 |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Auto Parts. |
|
|
|
|
Products and Services: |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
--- |
|
|
|
|
Purchasing : |
-- |
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
|
Customers : |
|
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||||||||||||||||||||||
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No. of Employees : |
60 (Approximately) (As per Site Visit) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Dharmendra V. Joshi and Company Chartered Accountants |
|
Address : |
“Shree Vardan – II”, Near Thakor Dwar, Behind Atithi Apartment,
Panchvati Main Road, Opposite
Parnakuti Police Station, Vidhutnagar main Road, Rajkot – 360001, Gujarat,
India |
|
Tel. No.: |
91-281-2476837/ 2921100 |
|
E-Mail : |
|
|
FRN No: |
113689W |
|
Income-tax
PAN of auditor or auditor's firm : |
ABHPJ8145K |
|
Memberships No: |
047310 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
LITIGATIONS
NIL
CAPITAL STRUCTURE
As on: 31.03.2017
|
Name of Partner |
Opening Balance |
Addition |
Interest |
Salary |
Profit |
Total |
Drawings |
Closing Balance |
|
Ketanbhai Jayantilal Chotai |
(1.615) |
51.938 |
0.989 |
7.910 |
0.909 |
60.133 |
43.051 |
17.082 |
|
Aditya Ketanbhai Chotai |
56.620 |
0.416 |
6.776 |
0.000 |
1.364 |
65.176 |
0.450 |
64.726 |
|
Rita Ketanbhai Chotai |
6.697 |
0.416 |
0.790 |
0.000 |
1.364 |
9.267 |
0.680 |
8.587 |
|
Nipaben Nitinbhai Chotai |
27.720 |
0.416 |
3.269 |
0.000 |
1.364 |
32.769 |
1.390 |
31.379 |
|
Nitinbhai Jayantilal Chotai |
5.782 |
11.328 |
0.689 |
7.910 |
0.910 |
26.618 |
12.440 |
14.178 |
|
Vaidehi Nitinbhai Chotai |
67.631 |
0.636 |
8.019 |
0.000 |
1.364 |
77.650 |
2.390 |
75.260 |
|
Jayantilal Popatlal Chotai (HUF) |
33.152 |
0.555 |
3.424 |
0.000 |
1.819 |
38.950 |
17.206 |
21.744 |
|
Total |
195.987 |
65.705 |
23.956 |
15.820 |
9.094 |
310.563 |
77.607 |
232.956 |
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 |
|
|
SOURCES OF FUNDS |
|
|
|
|
|
1] Proprietor’s Capital Account |
232.956 |
195.987 |
214.970 |
|
|
2] Proprietor’s Current Account |
0.000 |
0.000 |
0.000 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
3] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
232.956 |
195.987 |
214.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
96.817 |
85.322 |
49.469 |
|
|
TOTAL
BORROWING |
96.817 |
85.322 |
49.469 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
329.773 |
281.309 |
264.439 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
226.713 |
233.690 |
198.012 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
42.023 |
55.794 |
37.820 |
|
|
Sundry Debtors |
209.450 |
170.273 |
207.013 |
|
|
Cash & Bank Balances |
20.458 |
12.007 |
17.112 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
5.846 |
10.338 |
14.907 |
|
Total Current Assets |
277.777 |
248.412 |
276.852 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
158.701 |
|
|
|
|
Other Current Liabilities and Provisions |
16.016 |
|
|
|
Total Current Liabilities |
174.717 |
200.793 |
210.425 |
|
|
Net Current
Assets |
103.060 |
47.619 |
66.427 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
329.773 |
281.309 |
264.439 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1198.807 |
1185.156 |
1184.744 |
|
|
Other Income |
5.063 |
5.766 |
21.064 |
|
|
TOTAL |
1203.870 |
1190.922 |
1205.808 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Material Consumption |
774.194 |
815.713 |
794.344 |
|
|
Accretion of Stock |
3.489 |
(0.061) |
(2.012) |
|
|
Manufacturing Overheads |
181.788 |
160.361 |
188.813 |
|
|
Personal Cost |
13.799 |
16.203 |
34.636 |
|
|
Administrative and General Overheads |
148.396 |
148.488 |
105.011 |
|
|
Interest on Partners Capital |
23.956 |
20.140 |
20.942 |
|
|
Partners Remuneration |
15.820 |
1.500 |
18.249 |
|
|
TOTAL |
1161.442 |
1162.344 |
1159.983 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST AND
AMORTISATION |
42.428 |
28.578 |
45.825 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.434 |
8.574 |
13.757 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION |
31.994 |
20.004 |
32.068 |
|
|
|
|
|
|
|
Less |
DEPRECIATION |
22.900 |
16.944 |
19.778 |
|
|
|
|
|
|
|
|
NET PROFIT |
9.094 |
3.060 |
12.290 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
63.77 |
52.44 |
63.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.72 |
6.96 |
5.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
74.82 |
NA |
NA |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.59 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.44 |
0.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.17 |
1.46 |
1.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.97 |
1.19 |
0.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.07 |
3.33 |
3.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.76 |
0.26 |
1.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.80 |
0.63 |
2.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.90 |
1.56 |
5.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.02 |
0.87 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.87 |
0.67 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.46 |
0.41 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.42 |
0.44 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.02 |
0.87 |
1.07 |
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 |
214.970 |
195.987 |
232.956 |
|
Proprietor’s Current Account |
0.000 |
0.000 |
0.000 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
214.970 |
195.987 |
232.956 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
49.469 |
85.322 |
96.817 |
|
Total
borrowings |
49.469 |
85.322 |
96.817 |
|
Debt/Equity
ratio |
0.230 |
0.435 |
0.416 |
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
|
1184.744 |
1185.156 |
1198.807 |
|
|
|
0.035 |
1.152 |
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
|
1184.744 |
1185.156 |
1198.807 |
|
Profit |
12.290 |
3.060 |
9.094 |
|
|
1.04% |
0.26% |
0.76% |
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 |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
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 ) |
|
Swastik Metal |
|
1.108 |
|
Chandrika J. Chotai |
|
9.033 |
|
Janaki K, Chotai |
|
80.127 |
|
Shri J.P. Chotai |
|
6.549 |
|
Total |
|
96.817 |
FIXED ASSETS:
- Land
- Factory Building
- Furniture and Fixture
- Plant and Machinery
- Vehicles
- Vehicle
- Computer and Peripherals
- Printer
- Air Conditioner and Cooler
- Air Compressor Machinery
- Cooker Handle
- Attendance Recording System
- Buffing Machinery
- Bursting Strength Tester
- Deepwel Power Pump
- Diesels Pillars Machinery
- Decoiler Lever Straightener
- Drilling Machinery
- Electric Equipment
- Metal Etching Machinery
- Fax Machine
- Sheet Feeding Machinery
- Franking Machine
- Generator Set
- Generator Electric Panel
- Surface Grinding Machinery
- Lifting Equipment
- Laboratory Equipment
- Electric Motor
- Electric Typewriter
- Toyota Innova
- Swaging Machine
- Accum Cleaner
- Water Chiller
- Honda Activa
- BMW
- Maruti Wagon
- Tata Tempo
- Eicher
- Khushbu Rickshow
|
OBSERVATION POINTS |
|
Name of Company : |
SAURASHTRA TIN AND METAL INDUSTRIES |
|
|
|
|
Address : |
Saral Stove, 80 Feet Road, Plot No.356, 357 and 358, G.I.D.C. Aji
Vasahat, Rajkot – 360003, Gujarat, India |
|
|
|
|
Mobile No.: |
91-9898888811 |
|
|
|
|
E-Mail : |
|
|
|
|
|
Person to whom we met: |
Mr. Nitinbhai Jayantilal Chotai
Designation : Partner |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark : |
Soruthiyawadi |
|
|
|
|
Total Floors of the building: |
2 Floor |
|
|
|
|
Subject situated on: |
Whole premises belongs to the subject |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
40000 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Level of
operation : |
High |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
-- |
|
|
|
|
No. of employees seen at premises: |
60 |
|
|
|
|
Visibility of
Items: |
· Fax Machine · Telex |
|
|
|
|
Furniture items sighted
: |
Table, Chair and Sofaset |
|
|
|
|
Photograph |
Interior / Shop Floor/ Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name: Mayur and Solanki Designation: Field
Executive Contact No.: 91-9408858865 Date: 22.03.2018 |
PICTURES
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
24.03.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.
·