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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

511364

Report Date :

30.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TOSHIO TECHNOLOGY PRIVATE LIMITED

 

 

Registered Office :

Unit 1, 601/D, WIFI Park, Plot No.B-3, Opposite Aplab Industrial Road No. 1, Above Satkar Grand, Wagle Industrial Estate, Thane - 400 604, Maharashtra

Tel. No.:

91-9167226980(Mr. Abhijeet)

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

22.03.2018

 

 

Com. Reg. No.:

11-306944

 

 

Capital Investment / Paid-up Capital :

INR 1.000 Million

 

 

CIN No.:

[Company Identification No.]

U29308MH2018PTC306944

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTIN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TIN No :

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNET12190D

 

 

PAN No.:

[Permanent Account No.]

AAGCT6820L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Waste Water Pumps and Equipments. (Registered activity and also 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 :

NB

 

Credit Rating

Explanation

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new private limited company incorporated on 22nd March 2018.

 

The company is a manufacturer of waste water pumps and equipment.

 

Mr. Abhijeet (Operation Head) has provided general information about the company.

 

No payments terms are known.

 

In the view of subject’s infancy, dealings are recommended to be on secured terms and a close monitoring of subject’s business development is advisable.

 

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 31-03-2018.

 

 

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 30.05.2018

 

 

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 (GENERAL DETAILS)

 

Name :

Mr. Abhijeet

Designation :

Operation Head

Contact No.:

91-9167226980

Date :

25.05.2018

 

 

LOCATIONS

 

Registered Office :

Unit 1, 601/D, WIFI Park, Plot No.B-3, Opposite Aplab Industrial Road No. 1, Above Satkar Grand, Wagle Industrial Estate, Thane - 400 604, Maharashtra, India

Tel. No.:

91-22-25828400

Mobile No.:

91-9167226980 (Mr. Abhijeet)

Fax No.:

Not Available

E-Mail :

sales@toshiopumps.com

service@toshiopumps.com

admin@toshioproducts.com

Website :

www.toshiopumps.com

http://www.toshiopumpsindia.com

 

 

Branch Office :

Located at

  • Mumbai
  • Delhi
  • Kolkata
  • Bhubneshwar
  • Indore
  • Chandigarh
  • Chennai
  • Banglore
  • Hydrabad
  • Coimbatore
  • Surat
  • Vadodra
  • Ahmadabad
  • Pune

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Paresh Bhalchandra Deshpande

Designation :

Director

Address :

Kashank Building 2 Floor, Gokhale Road, Behind SBI, Naupada, Thane (West), Mumbai -  400602, Maharashtra, India

Date of Appointment :

22.03.2018

DIN No :

08093017

 

 

Name :

Mr. Keng Chen Ho

Designation :

Director

Address :

7F.,No.7, Sec.1,Xinmin St., Neighborhood 12, Dazhuang Village, Tamsui District, New Taipei City, Taiwan

Date of Birth/ Age :

51 Years

Date of Appointment :

22.03.2018

DIN No :

08093018

 

 

KEY EXECUTIVES

 

Name :

Mr. Abhijeet

Designation :

Operation Head

 

 

MAJOR SHAREHOLDERS

 

As on 07.02.2018

 

Names of Shareholders

No. of Shares

% of Holding

Keng Chen Ho

25000

25.00

Sunil Madhusudan Joshi

50000

50.00

Bhagyashri Sunil Joshi

25000

25.00

Total

100000

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Waste Water Pumps and Equipments. (Registered activity and also confirmed by management)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cheque

 

 

Purchasing :

Cheque

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Retailers, End Users

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Banker Name :

Not Divulged

Branch :

Not Divulged

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Auditors :

Not Available

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200000

Equity Shares

INR 10/- each

INR 2.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

INR 10/- each

INR 1.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

NEW BUSINESS

 

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 / Age of Proprietor / Partners / Directors

Yes

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

No

18]

Major suppliers

No

19]

Major customers

No

20]

Banking Details

No

21]

Banking facility details

No

22]

Conduct of the banking account

--

23]

Financials, if provided

No

24]

Capital in the business

Yes

25]

Last accounts filed at ROC, if applicable

No

26]

Turnover of firm for last three years

No

27]

Reasons for variation <> 20%

--

28]

Estimation for coming financial year

No

29]

Profitability for last three years

No

30]

Major shareholders, if available

Yes

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

 

INDEX OF CHARGES No Charges Exists for Company

 

 

 

 

 

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 67.82

UK Pound

1

INR 90.17

Euro

1

INR 78.70

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

TRUP

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.