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MIRA INFORM REPORT
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Report No. : |
508161 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ZEW ENGINEERING WORKS PRIVATE LIMITED |
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Registered
Office : |
Anoop Nagar, Near Bright Land Public School, Fazalpur, S.B.I. Road., Meerut-250001, Uttar Pradesh |
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Tel. No.: |
91-121-2680416 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
24.05.2017 |
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Com. Reg. No.: |
20-093469 |
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Capital Investment
/ Paid-up Capital : |
INR 0.040 Million |
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CIN No.: [Company Identification
No.] |
U36999UP2017PTC093469 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AABCZ0905H |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is newly established private limited company incorporated in May 2017. It is engaged as manufacturer and importer of bathroom accessories. Mr. Deshvir Hans (Director) provided information and claimed that the subject was established as proprietorship concern in the year 1992 and later in May 2017 the subject got converted into private limited company. Further he claimed that the subject has achieved revenue of INR 70 million for FY-2017. However, figure not verified. Rating takes into consideration, the considerable experience of its promoters. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and condition |
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
31-03-2018.
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 10.05.2018
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
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Name : |
Mr. Deshvir Hans |
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Designation : |
Managing Director |
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Contact No.: |
91-8650008666 |
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Date : |
09.05.2018 |
LOCATIONS
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Registered Office/Factory: |
Anoop Nagar, Near Bright Land Public School, Fazalpur, S.B.I. Road, Meerut-250001, Uttar Pradesh, India |
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Tel. No.: |
91-121-2680416 |
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Mobile No.: |
91-8650008666 (Mr. Deshvir Hans) |
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Fax No.: |
91-121-2681564 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
DIRECTORS
As on 31.03.2018
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Name : |
Mr. Deshvir Hans |
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Designation : |
Managing Director |
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Address : |
261, Sukh Niwas Anup Nagar Fazalpur, S.B.I Road, Meerut -250002,
Uttar Pradesh, India |
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Date of Appointment : |
24.05.2017 |
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DIN No.: |
07831497 |
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Name : |
Mr. Bhupindervir Singh Hans |
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Designation : |
Director |
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Address : |
H.No.261,Sukh Niwas, Anup Nagar, Fazalpur S.B.I Road, Meerut - 250002,
Uttar Pradesh, India |
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Date of Appointment : |
24.05.2017 |
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DIN No.: |
07812678 |
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Name : |
Ms. Harsimrat Kaur |
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Designation : |
Director |
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Address : |
H.No.261,Sukh Niwas Anoop Nagar, Fazalpur, Meerut -250002,
Uttar Pradesh, India |
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Date of Appointment : |
24.05.2017 |
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DIN No.: |
07813073 |
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Name : |
Mr. Karamvir Hans |
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Designation : |
Director |
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Address : |
261, Sukh Niwas Anup Nagar Fazalpur, S.B.I Road, Meerut- 250002,
Uttar Pradesh, India |
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Date of Appointment : |
24.05.2017 |
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DIN No.: |
07831498 |
KEY EXECUTIVES
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Name : |
Mr. Karamvir Hans |
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Designation : |
Chief Executive office |
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Address : |
261, Sukh Niwas Anup Nagar Fazalpur, S.B.I Road, Meerut -250002,
Uttar Pradesh, India |
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Date of Appointment : |
01.06.2017 |
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PAN No.: |
AFMPH1382P |
MAJOR SHAREHOLDERS
As on 23.05.2017
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Names of Shareholders |
No. of Shares |
% of Holding |
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Bhupindervir Singh Hans |
1000 |
25.00 |
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Harsimrat Kaur |
1000 |
25.00 |
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Deshvir Hans |
1000 |
25.00 |
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Karamvir Hans |
1000 |
25.00 |
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Total |
4000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 : |
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Products : |
Class bathroom accessories |
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Countries : |
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Terms : |
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Selling : |
Others (RTGS) |
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Purchasing : |
Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Harshit and Gogiya Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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4000 |
Equity Shares |
INR 10/- each |
INR 0.040 Million |
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FINANCIAL DATA
[all figures are
INR Million]
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Particulars |
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31.03.2018 |
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Sales Turnover (Approximately) |
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70.000 |
The above information has been parted by Mr. Deshvir Hans (Managing
Director)
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 |
Yes |
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5] |
Buyer visit details |
-- |
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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 |
Yes |
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10] |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11] |
Pan Card No. of Proprietor / Partners |
No |
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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) |
Yes |
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16] |
No. of employees |
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 |
Yes |
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21] |
Banking facility details |
Yes |
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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 |
Yes |
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25] |
Last accounts filed at ROC, if applicable |
No |
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26] |
Turnover of firm for last about one year |
Yes |
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27] |
Reasons for variation <> 20% |
-- |
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28] |
Estimation for coming financial year |
Yes |
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29] |
Profitability for last three years |
No |
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30] |
Major shareholders, if available |
Yes |
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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 |
Yes |
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35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
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SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
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1 |
G73235061 |
100146759 |
UNION BANK OF INDIA |
07/11/2017 |
- |
- |
25000000.0 |
CSD CANTEEN, MALL ROAD, MEERUT CANTT MEERUT-250001 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 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 66.66 |
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1 |
INR 90.66 |
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Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
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Information
Gathered by : |
KAM |
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
RKI |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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
|
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 |
|
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.