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|
MIRA INFORM REPORT
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Report No. : |
506019 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUTRA ENTERPRISE |
|
|
|
|
Registered
Office : |
4, Varsha Society, Opposite Om Towers, Ghoda Camp Road, Shahibaug, Ahmedabad – 380004, Gujarat |
|
Tel No.: |
91-79-29704992 |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
05.03.2016 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.823 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AGPPK0716N1Z6 |
|
|
|
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PAN No.: [Permanent Account No.] |
AGPPK0716N |
|
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|
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Udyog Aadhar
No.: |
-- |
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|
|
Legal Form : |
Sole Proprietary Concern |
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|
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Line of Business
: |
Trader of cotton yarn and fabrics. |
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|
|
|
No. of Employees
: |
6 (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 : |
Relatively new business |
|
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|
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Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established on 5th March 2016 and it is engaged as trader of cotton yarn and fabrics. For the financial year 2017, the concern has achieved sales turnover of INR 1121.732 lacs from its first year of its business operations and has clocked low profit margin of 0.95%. The general financial position of the concern is reflected by moderate capital base and low cash accruals. Rating further gets constrained on account of short track record of its business operation and its presence in highly competitive cotton trading industry. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealing with some caution. Note: Site visit was conducted on the correspondence address and our executive have successfully traced the subject. At the premises our executive met Ms. Shikha Kejriwal (Proprietor) As per our executive observation, it is a 17 storey building and subject is situated on 4th floor comprising total area of 2000 SQ.FT. Location is easy to find near “Novotel Hotel” as a landmark. Locality seems to be commercial and area near the premise building appears to be neutral Further, our executive have sighted 6 employees at the premises along with some office items such as telephone, computer, Xerox machine as well as furniture items The name board of the subject was not sighted at the address instead of which “Ambica Taptex Private Limited” have sighted which belongs to proprietor’s father and has been confirmed by the management. On enquiry with Mr. Pravinbhai from “A to Z Holidays” and Mr. Jigarbhai from “Indusa” both person from neighbouring companies confirmed the existence of the subject. |
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 16.05.2018
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
|
Name : |
Ms. Shikha Sajjan Kejriwal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9825677178 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
4, Varsha Society, Opposite Om Towers, Ghoda Camp Road, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|
Tel. No.: |
91-79-29704992 |
|
Mobile No.: |
91-9825677178 (Ms. Shikha Sajjan Kejriwal) 9825006603 (Mr. Sajjan Kejriwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
Not Available |
|
|
|
|
Correspondence Office: |
A – 409, Mondeal Heights, Near Novotel Hotel, S G Highway, Satellite, Ahmedabad - 380015, Gujarat, India |
|
Area : |
2000 (Sq. Ft.) (At site visit) |
|
Locality : |
Commercial (At site visit) |
SOLE PROPRIETOR
|
Name : |
Ms. Shikha Sajjan Kejriwal |
|
Designation : |
Proprietor |
|
Address : |
4, Varsha Society, Opposite Om Towers, Ghoda Camp Road,
Shahibaug, Ahmedabad – 380004, Gujarat, India
|
|
Date of Birth/Age : |
11.12.1979 |
|
Aadhar No.: |
6827 8081 4930 |
|
PAN No.: |
AGPPK0716N |
KEY EXECUTIVES
|
Name : |
Mr. Sajjan Kejriwal |
|
Designation : |
Manager |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Trader of cotton yarn and fabrics. |
|
|
|
|
Products : |
Cotton
Yarn and Fabrics |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash |
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|
|
|
Purchasing : |
L/C, Cash |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Retailers, Wholesalers and End Users
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No. of Employees : |
6 (Approximately) |
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Bankers : |
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||||||||||||||||||||
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Auditors : |
|
|
Name : |
Agarwal and Mangal Chartered Accountants |
|
Address : |
C-502, Shailalekh, Opposite Stadium, Shahibaug, Ahmedabad-380004,
Gujarat, India |
|
Tel No.: |
91-79-25626743 |
|
Membership No.: |
070635 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Particulars |
[INR in Lacs] |
|
Shikha Sajjan Kejriwal |
7.823 |
|
Total |
7.823 |
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 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
|
|
7.823 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.823 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
28.231 |
|
|
TOTAL
BORROWING |
|
|
28.231 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
36.054 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
0.000 |
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.821 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.362 |
|
|
Sundry Debtors |
|
|
263.098 |
|
|
Cash & Bank Balances |
|
|
9.340 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans, Advances & Deposits |
|
|
76.800 |
|
Total Current Assets |
|
|
350.600 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
315.145 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.222 |
|
Total Current Liabilities |
|
|
315.367 |
|
|
Net Current
Assets |
|
|
35.233 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
36.054 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
1121.732 |
|
|
Other Income |
|
|
1.336 |
|
|
TOTAL |
|
|
1123.068 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of good sold |
|
|
1077.213 |
|
|
Direct Expenses |
|
|
0.444 |
|
|
Cash Discount (Paid) |
|
|
0.065 |
|
|
Claim |
|
|
4.416 |
|
|
Commission (Paid) |
|
|
24.228 |
|
|
Computer Expenses |
|
|
0.121 |
|
|
Convency Expenses |
|
|
0.612 |
|
|
Insurance Expenses |
|
|
0.016 |
|
|
Kasar Account |
|
|
0.018 |
|
|
Lorry Freight Expenses |
|
|
0.480 |
|
|
Office Expenses |
|
|
0.125 |
|
|
Packing Charges |
|
|
0.634 |
|
|
Professional Fees
Expenses |
|
|
0.005 |
|
|
Salary |
|
|
1.420 |
|
|
Transportation Expenses |
|
|
0.908 |
|
|
Travelling Expenses |
|
|
1.345 |
|
|
TOTAL |
|
|
1112.050 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
11.018 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.007 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
11.011 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.352 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
|
10.659 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
85.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
|
4.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
106.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
8.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
13.42 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
3.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
43.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
1574.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
|
0.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
|
|
3.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
136.25 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.02 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
3.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
1.02 |
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 |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
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 1 year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about 1 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
UNSECURED LOAN
|
PARTICULAR |
|
31.03.2017 (INR
in Lacs) |
|
Ambica Tabtex Private Limited |
|
27.981 |
|
Ronak Kejriwal |
|
0.250 |
|
Total |
|
28.231 |
OBSERVATION POINTS
|
Name of Company : |
SUTRA ENTERPRISE |
|
|
|
|
Address : |
A – 409, Mondeal Heights, Near Novotel Hotel, S G Highway, Satellite, Ahmedabad - 380015, Gujarat, India |
|
|
|
|
Mobile No.: |
91-9825677178 |
|
|
|
|
Email: |
|
|
|
|
|
Person to whom we met: |
Ms. Shikha Sajjan Kejriwal
Designation: Proprietor |
|
|
|
|
Name Board: |
Not Sighted (Instead of which “Ambica
Taptex Private Limited” have sighted which belongs to proprietor’s father and
has been confirmed by the management.) |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Novotel Hotel |
|
|
|
|
Total Floors of the building: |
17 |
|
|
|
|
Subject situated on: |
4th Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises
: |
2000 Sq. Ft. |
|
|
|
|
Area: |
Neutral |
|
|
|
|
Level of
Operation: |
Medium |
|
|
|
|
DETAILS HYPOTHECATION SIGNBOARD (IF ANY) (AS DISPLAYED IN FACTORY /
WORK):NA |
|
|
|
|
|
No. of Employees
seen at Premises : |
6 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture items sighted: |
Full Furnished |
|
|
|
|
Neighbour’s
Interview: |
Name of Company:
A to Z Holidays Contact Person
Name: Mr. Pravinbhai Name of Company:
Indusa Contact Person
Name: Mr. Jigarbhai Neighbour
Overview: Existence Confirmed |
|
|
|
|
Proof of visit: |
Photograph |
|
|
|
|
Photograph : |
Interior/ Shop
Floor / Stock etc. |
|
Name: |
Hiren K Soni |
|
Designation : |
Field Executive |
|
Contact No.: |
91-9898819196 |
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 16.05.2018
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
Analysis Done by
: |
NIS |
|
Report Prepared
by : |
RKI |
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.
·