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MIRA INFORM REPORT
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Report No. : |
498227 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SHREE CONSTRUCTION |
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Registered
Office : |
Jai Ganesh Vision 'B' Wing, 4th Floor, Office No.403,404,405, Near Old Grives Company, Akurdi, Pune – 411035, Maharashtra |
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Mobile No.: |
91-9011372800 (Mr. Shreedhar) 91-9822280290 (Mr. Shrikant) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of Establishment
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2003 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
27950381557 |
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GSTIN : [Goods & Service Tax Registration No.] |
27ACDFS3716Q1ZL |
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PAN No.: [Permanent Account No.] |
ACDFS3716Q |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business
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Subject is engaged in Construction Activity.
(From Indirect Sources) |
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No. of Employees
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10 (Approximately) (As per site) |
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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Maximum Credit Limit : |
USD 28000 (INR 2000000) |
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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. Shrikant (Partner) has only claimed that subject is a partnership firm and further he denied to provide any information about the subject. However, as per information gathered from other sources subject established in the year 2003. It is engaged in Construction activity. The firm has achieved sales turnover of INR. 100 million (Approximately) for the financial year 2017 (which could not be verified). Payment seems to be unknown. In view of aforesaid, the firm can be considered for business dealings with some caution. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject at the given address. At the premises our executive met Mrs. Swapna (Receptionist) but she denied to provide any information. At the premises our executive enquired with neighbour companies (Impression Systems and Engineers and Universal Solution) and they claimed that subject is situated on the given address. As per our executive’s observation it is a 4 storey building and subject situated on the 4th floor. Location was easy to find and locality appears to be commercial. Area seems to be upmarket. Total area of premises is 1000 (sq. ft.) and 10 employees were sighted at the premises. Name board of the subject was sighted. |
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 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 DENIED BY
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Name : |
Mr. Shrikant Bhima Hidkal |
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Designation : |
Partner |
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Contact No.: |
91-9822280290 |
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Date : |
23.03.2018 |
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Name : |
Mr. Shreedhar |
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Contact No.: |
91-9011372800 |
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Date : |
23.03.2018 |
LOCATIONS
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Registered Office : |
Jai Ganesh Vision 'B' Wing, 4th Floor, Office No.403,404,405, Near Old Grives Company, Akurdi, Pune – 411035, Maharashtra, India |
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Tel. No.: |
91-20-27441122 |
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Mobile No.: |
91-9011372800 (Mr. Shreedhar) 91-9822280290 (Mr. Shrikant) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area of premises : |
1000 Sq.ft (As per site visit) |
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Locality: |
Commercial (As per site visit) |
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Branch : |
Shop No. 1, S. No. 285, Bramha Raj Park, Keshav Nagar, Chinchwad, Pune
– 411033, Maharashtra, India |
PARTNERS
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Name : |
Mr. Shrikant Bhima Hidkal |
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Designation : |
Partner |
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PAN : |
ABBPH0316E |
Note : Other Partners Name Not Divulged
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Construction Activity.
(From Indirect Sources) |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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) (As per site) |
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Bankers : |
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Auditors : |
Not Divulged |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
-- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
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Particulars |
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31.03.2017 |
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Sales Turnover (Approximately) |
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100.000 |
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The above information has been taken from Indirect Sources
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 -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details (As per site visit) |
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 |
Yes |
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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 (As per site visit) |
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 |
Yes |
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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 one year |
Yes |
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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 |
No |
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35 |
Negative Reporting by Auditors in the Annual
Report |
No |
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OBSERVATION
POINTS |
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Name : |
Shree Construction |
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Address : |
Jai Ganesh Vision 'B' Wing, 4th Floor, Office No.403,404,405, Near Old Grives Company, Akurdi, Pune – 411035, Maharashtra, India |
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Person to whom we met: |
Ms. Swapna Designation : Receptionist |
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Name Board: |
Sighted |
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Location: |
Easy |
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Landmark : |
Near Khandoba Chowk |
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Total Floors of the building: |
Ground + 04 Floor |
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Subject situated on : |
04 Floor |
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Locality: |
Commercial |
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Area of premises : |
1000 Sq.ft |
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Area: |
Upmarket |
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No. of employee
seen at premises : |
10 |
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Visibility of
Item : |
· Telephone · Computer · Air Conditioner · Office Equipment · Xerox Machine · Fax Machine |
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Furniture items
sighted : |
5 Tables, 15 Chairs |
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Neighbor’s
Interview : |
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Name of Company
1: |
Impression Systems and Engineers Private Limited |
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Name of Company
1: |
Universal Solution |
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Proof of visit: |
Photographs |
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 65.13 |
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UK Pound |
1 |
INR 91.95 |
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Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
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Information Gathered
by : |
GYT |
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRUP |
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.