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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506013

Report Date :

21.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ALKESH COTTON COMPANY

 

 

Registered Office :

2nd Floor, Shalin Building, Ashram Road, Near Nehru Bridge, Ahmedabad – 380009, Gujarat

Tel. No.:

91-79-26577802

Website :

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

18.10.1963

 

 

Capital Investment / Paid-up Capital :

INR 238.821 Lacs

 

 

TIN No.:

24071301757

 

 

CST No.:

24571301757

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABFA6234B

 

 

GSTN :

[Goods & Service Tax Registration No.]

24AABFA6234BLZ7

 

 

Service tax no.:

AABFA6234BST001

 

 

Shop & Establishment Certificate No.

--

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Trader of Polyester Texturized Yarn and Agent of Reliance Industries Limited.

 

 

No. of Employees :

10 (Approximately)

 

 

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 :

Alkesh Cotton Company is trader of polyester texturized yarn and agent of reliance industries limited. The concern was started in the year 1963 and is based in Ahmedabad, Gujarat. It is an established partnership concern having satisfactory track record.


For the financial year ended 2017, the concern has achieved healthy operational revenue and has reported a profit margin at 1.73% (approximately).


The concern possesses an acceptable financial profile marked by healthy capital base along with fair debt level of the concern.


The concern also derives strength from its long standing track record of business operation.


Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct and as per commitments


The concern can be considered for business dealings at usual trade terms and condition.

Note:


Site visit was conducted at the registered address of the concern. Our executive has successfully traced the concern at the address and met Mr. Nishant (Partner).


As per our executive observation, it is a seven storey building and concern is located on the second floor of the building Locality of the premises appears to be commercial, area seems to be neutral and area of the premises is 2200 (sq. ft.) (approximately)


Name board of the concern was not sighted at the given premises. Landmark of the area is “Patang Hotel” and 10 (approx.) employees were sighted at the premises.


Our executive also had a word with the neighbours of the concern i.e., “Asopalav Sarees” and “Sirhind Steel” who confirmed that concern exists 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 31-03-2018.

 

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 21.05.2018

 

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 :

Mr. Alkesh Subodhchandra Shah

Designation :

Partner

Contact No.:

91-9824024124

Date :

19.05.2018

 

 

LOCATIONS

 

Registered Office :

2nd Floor, Shalin Building, Ashram Road, Near Nehru Bridge, Ahmedabad – 380009, Gujarat, India 

Tel. No.:

91-79-26577802 / 26578869

Mobile No.:

91-9824024124 (Mr. Alkesh Subodhchandra Shah)

91-9327005010 (Mr. Shalin Kaushikbhai Shah)

91-9879000810 (Mr. Nishant Pareshbhai Shah)

91-9825032264 (Mr. Saurin Sudhakarbhai Shah)

91-9821236398 (Mr. Mr. Bhadresh Subodhchandra Shah)

91-9892796515 (Mr. Bindu Umeshbhai Shah)

91-9825013136 (Mr. Nirav Jitendrakumar Shah)

91-9099151650 (Mrs. Rupaben Bhupendrabhai Shah)

91-9879027541 (Mr. Rajiv Anilbhai Shah)

91-9825060105 (Mr. Ashvin Jayantilal Shah)

91-9426363575 (Mr. Jagish Anilbhai Shah)

91-9825022012 (Mr. Paresh Jayantilal Shah)

Fax No.:

91-79-26579326

E-Mail :

alkeshyarn@gmail.com

Area :

2200 Sq. Ft. (At site)

Locality :

Commercial (At site)

 

 

PARTNER

 

Name :

Mr. Alkesh Subodhchandra Shah

Designation :

Partner

Address :

Bliss 6 Red Bunglows, Opposite Polytechnic, Dr. V S Marg Ambawadi, Ahmedabad City, Manekbag Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

30.01.1955

Aadhar No.:

3899 1286 5647

PAN No.:

ACIPS7433B

 

 

Name :

Mr. Shalin Kaushikbhai Shah

Designation :

Partner

Address :

Joy Bunglow, Opposite Polytechnic, Dr. V S Marg, Ambawadi, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

29.01.1968

Aadhar No.:

7954 5254 6989

PAN No.:

ACIPS6319J

 

 

Name :

Mr. Nishant Pareshbhai Shah

Designation :

Partner

Address :

1st Floor, Mourya Residency, Near Prernatirth Jain Temple, Jodhpur, Ahmedabad City, Manekbag, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

03.10.1981

Aadhar No.:

9094 8690 1286

PAN No.:

ALTPS3312F

 

 

Name :

Mr. Saurin Sudhakarbhai Shah

Designation :

Partner

Address :

320 - 322, Saurin Bunglow, Dr. Vikram Sarabhai Marg, Opposite Old Sachivalay, Ambawadi, Vistar, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

29.06.1975

Aadhar No.:

AFGPS2983D

PAN No.:

4865 7242 9041

 

 

Name :

Mr. Bhadresh Subodhchandra Shah

Designation :

Partner

Address :

7, Sekhsaria Sadan, 3rd Floor, Patel Compound, Near Mukesh, Chowk 20, Nepean Sea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

29.03.1951

Aadhar No.:

5909 0893 8701

PAN No.:

ACTPS7676R

 

 

Name :

Mrs. Bindu Umeshbhai Shah

Designation :

Partner

Address :

11-Anupam Building, 1" Floor, 11- Manav Mandir Road, Walkeshwer, Mumbai- 400006, Maharashtra, India

Date of Birth/Age :

11.02.1954

Aadhar No.:

5202 5043 1597

PAN No.:

ACEPS6264N

 

 

Name :

Mr. Nirav Jitendrakumar Shah

Designation :

Partner

Address :

Nirav Bunglow, Dr. V S Road, Opposite Old Sachivalaya, Ambawadi, Ahmedabad City, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

11.05.1971

Aadhar No.:

2629 5012 2200

PAN No.:

AFGPS2982C

 

 

Name :

Mrs. Rupaben Bhupendrabhai Shah

Designation :

Partner

Address :

Premjyot Bunglows, Opposite Old Sachivalaya, Ambawadi, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

02.11.1944

Aadhar No.:

6033 4080 9692

PAN No.:

ACIPS6315E

 

 

Name :

Mr. Rajiv Anilbhai Shah

Designation :

Partner

Address :

Plot No - 320/321/322/2, Opposite Government Polytechnic, Dr. V S, Marg, Ahmedabad City, Ambawadi Vistar, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

27.09.1976

Aadhar No.:

5772 2733 8314

PAN No.:

ACIPS6321G

 

 

Name :

Mr. Ashvin Jayantilal Shah

Designation :

Partner

Address :

Abhishree Residency, Behind Kantam Party Plot, Rajpat Road, Ambli-Bodakdev, Ahmedabad - 380054, Gujarat, India

Date of Birth/Age :

01.09.1950

Aadhar No.:

9693 1516 2472

PAN No.:

ACIPS7435H

 

 

Name :

Mr. Jagish Anilbhai Shah

Designation :

Partner

Address :

Plot No - 320/321/322/2, Opposite Government Polytechnic, Dr. V S, Marg, Ahmedabad City, Ambawadi Vistar, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

03.02.1973

Aadhar No.:

9032 4860 9756

PAN No.:

ACEPS5341N

 

 

Name :

Mr. Paresh Jayantilal Shah

Designation :

Partner

Address :

1st Floor, Maurya Residency, Near Prernatirth Jain Temple, Jodhpur, Ahmedabad City, Manekbag, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

21.08.1955

Aadhar No.:

6353 8768 4585

PAN No.:

ACIPS7434G

 

 

DETAILS OF GROUP COMPANIES

 

NIL

 

BUSINESS DETAILS

 

Line of Business :

Trader of Polyester Texturized Yarn and Agent of Reliance Industries Limited.

 

 

Products :

Polyester Texturized Yarn

 

 

Agencies Held :

--

 

 

Terms :

 

Selling :

Cash, Credit, L/C

 

 

Purchasing :

Cash, Credit, L/C

 

 

GENERAL INFORMATION

 

Suppliers :

---

 

 

Customers :

Retailers, Wholesalers, End-users

 

  • Aarvee Denim (Ahmedabad)
  • Azzure (Ahmedabad)
  • Pee Gee Fabrics (Ahmedabad)

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

Astrat Towers, Opposite Reliance Gen Insu., Near Mithakali Six Road, Navrangpura, Ahmedabad – 380009, Gujarat, India

Person Name (With Designation)

Mr. Milind Dave (Relationship Manager)

Contact Number

91-9328240416

Email :

milind.dave@hdfcbank.com

Account No.:

00062560000947

Account Type :

Cash Credit

IFSC Code :

HDFC0000006

 

Banker Name :

The Kalupur Commercial Co-operative Bank Limited

Branch :

Katupur Bank Bhavan, Annexe Building, Income Tax Circle, Ashram Road, Ahmedabad – 380014, Gujarat, India

Person Name (With Designation)

Ms. Anuja Shah (Relationship Manager)

Contact Number

91-79-27582020 / 368 / 66215707

Mobile No.:

91-9825138722

Email :

midcorp@kalupurbank.com

anujashah@kalupurbank.com

Account No.:

01035500078

Account Type :

Cash Credit

IFSC Code :

KCCB0SME049

 

Banker Name :

State Bank of India

Branch :

Ellis Bridge, 6 Arjun Niwas, Near V S Hospital, Ahmedabad – 380006, Gujarat, India

Person Name (With Designation)

Mrs. Shumali Rizvi (Relationship Manager)

Contact Number

91-79-26578857

91-7600038178

Email :

sbi.01041@sbi.co.in

Account No.:

10208485046

Account Type :

Cash Credit

MICR Code.:

380002014

CIF No :

80163801146

IFSC Code :

SBIN0001041

 

 

Facilities :

Particulars

 

31.03.2017

(INR in Lacs)

BANK OVERDRAFT

 

 

HDFC Bank Limited

 

15.216

The Kalupur Commercial Co-operative Bank Limited B/D A/C No. 01035500078

 

0.457

 

 

 

Total

 

15.673

 

Auditors :

 

Name :

Prakash R. Shah and Company

Charted Accountants

 Address :

403, Harikrupa Tower, Near Government Ladies Hostel, Ellisbridge, Ahmedabad – 380015, Gujarat, India

Tel No.:

91-79-26426365

Mobile No.:

91-9825586182

E-Mail :

prakashrshah46@gmail.com

Membership No.:

032148

 

 

LITIGATIONS

 

NIL

 

 

CAPITAL STRUCTURE

[INR in Lacs]

 

As on 31.03.2017

 

Particulars

 

[INR in Lacs]

Alkesh Subodhchandra Shah - INDL

47.514

Ashvin Jayantilal Shah - Indl

7.289

Bhadresh Subodhchandra Shah - INDL

17.528

Bindu Umeshbhai Shah – INDL

36.164

Jagish Anilbhai Shah - INDL

8.803

Nirav Jitendrakumar Shah

23.179

Nishant Pareshbhai Shah

1.690

Paresh Jayantilal Shah

5.285

Rajiv Anilbhai Shah

3.529

Rupaben Bhupendrabhai Shah

76.943

Saurin Sudhakarbhai Shah

2.615

Shalin Kaushikbhai Shah

8.282

 

 

Total

238.821

 

 

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

EQUITY AND LIABILITIES

 

 

 

1] Proprietor’s Capital

238.821

218.346

203.410

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

238.821

218.346

203.410

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

496.673

468.977

543.008

3] Bank Overdraft

15.673

0.000

0.000

TOTAL BORROWING

512.346

468.977

543.008

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

751.167

687.323

746.418

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

11.450

13.490

11.197

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

112.078

112.078

112.078

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

12.003

4.915

10.496

 

Sundry Debtors

734.118

612.741

670.477

 

Cash & Bank Balances

6.400

11.920

15.753

 

Other Current Assets

0.000

0.000

0.000

 

Loans, Advances & Deposits 

21.144

14.780

36.801

Total Current Assets

773.665

644.356

733.527

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

77.800

18.607

35.098

 

Other Current Liabilities

17.817

7.760

8.928

 

Provisions

50.409

56.234

66.358

Total Current Liabilities

146.026

82.601

110.384

Net Current Assets

627.639

561.755

623.143

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

751.167

687.323

746.418

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

1155.970

1108.203

1586.530

 

Share Dividend Income

1.673

1.673

1.681

 

Yarn Brokerage Surplus A/c

22.656

27.95

32.987

 

Yarn Trading A/c Surplus

38.964

20.309

22.960

 

Interest A/c

0.000

13.347

4.155

 

Profit on sale of shares

0.000

0.000

0.101

 

 

 

 

 

 

EXPENSES

 

 

 

 

Office expense A/c

21.215

17.378

17.324

 

Yarn Brokerage A/c

0.465

0.684

0.000

 

Interest

12.117

0.000

0.000

 

Depreciation/ Amortisation

2.040

2.411

1.992

 

Taxation Provision A/c

7.455

17.806

17.569

 

 

 

 

 

 

NET PROFIT/ (LOSS) 

20.000

25.000

25.000

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

231.80

201.81

154.25

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.57

1.81

2.37

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

98.59

234.18

155.19

 

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.73

0.72

0.76

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

2.15

2.15

2.67

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

2.69

2.53

3.21

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.05

0.06

0.06

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

 ((PAT / Sales) * 100)

%

1.73

2.26

1.58

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

2.23

3.25

2.92

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

8.37

11.45

12.29

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.38

1.37

1.29

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.36

1.36

1.28

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.27

0.28

0.24

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

2.15

2.15

2.67

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.38

1.37

1.29

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

203.410

218.346

238.821

Reserves & Surplus

0.000

0.000

0.000

Net worth

203.410

218.346

238.821

 

 

 

 

Secured Loans

0.000

0.000

0.000

Unsecured Loans

543.008

468.977

496.673

Bank Overdraft

0.000

0.000

15.673

Total borrowings

543.008

468.977

512.346

Debt/Equity ratio

2.670

2.148

2.145

 

 

 

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

1586.530

1108.203

1155.970

 

 

(30.149)

4.310

 

 

 

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

1586.530

1108.203

1155.970

Profit/ (Loss)

25.000

25.000

20.000

 

1.58%

2.26%

1.73%

 

 

 

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

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

Unsecured Loan

 

31.03.2017

(INR in Lacs)

Anarben Kaushikbhai Shah

 

6.056

Anil keshavlal Shah – Depositor

 

2.484

Ashvin Jayantilalshah

 

5.923

Belaben Kaushikbhai Shah

 

7.712

Estate of Rasilaben Subodhchandra

 

7.158

Jaini Rajanbhai Shah - Depositor

 

5.212

Jayantilal Premchand

 

449.204

Priyanka Rajanbhai Shah - Depositor

 

5.212

Shilpaben kaushikbhai Shah

 

7.712

 

 

 

Total

 

496.673

 

 

OBSERVATION POINTS

 

Name of Company :

ALKESH COTTON COMPANY

 

 

Address :

2nd Floor, Shalin Building, Ashram Road, Near Nehru Bridge, Ahmedabad – 380009, Gujarat, India 

 

 

Mobile No.:

91-9879000810

 

 

Person to whom we met:

Mr. Nishant (Partner)

 

 

Name Board:

Not Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Patang Hotel

 

 

Total Floors of the building:

7

 

 

Subject situated on:

2nd Floor

 

 

Locality:

Commercial

 

 

Area of Premises :

2200 Sq. FT.

 

 

Details of hypothecation signboard (if any) (as displaye in factory / work) :

NA

 

 

Area:

Neutral

 

 

Level of operation.:

Medium

 

 

No. of Employees seen at Premises :

10

 

 

Visibility of Items:
  • Telephone
  • Telex
  • Computers
  • Air Conditioner
  • Xerox Machine
  • Office Equipment

 

 

Furniture items sighted:

Fully furnished 

 

 

Neighbour’s Interview:

Name of company : Asopalav Sarees

Contact person name : Mr. Kiranbhai

 

Name of company : Sirhind Steel

Contact person name : Ravibhai

Neighbour’s overview:

Existence confirmed

 

 

Proof of visit:

Visiting Card and Photograph

 

 

Photographs.:

Interior

 

 

Details of the person conducting visit :

Name : Hiren K. Soni

Designation : Field Executive 

Contact No : 91-9898819196

 

 

PICTURES

 

 

 

 

 

 


 

NEIGHBOURS

 

 

 

 

 

 

 

 

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 21.05.2018 (date of report) :

            No press reports / filings exists on the subject.

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KJL

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--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.