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MIRA INFORM REPORT
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Report No. : |
511186 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SWASTIK INFO SOLUTIONS |
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Registered
Office : |
Patel Nagar (Adjoining J & K Bank), Kathua-184101, Jammu &
Kashmir |
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Tel. No.: |
91-1922-237888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Year of
Establishment: |
2013 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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TIN No.: |
Not Available |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
01EFJPS9013D1ZN |
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PAN No.: [Permanent Account No.] |
EFJPS9013D |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Trader of Electronic Goods and Inverter Batteries. [Confirmed by
Management] |
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No. of Employees
: |
05 [Approximately] |
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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Status : |
Small Concern |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small proprietary concern started in the year 2013. It is
a trader and distributor of electronic goods and inverter batteries. The concern has achieved moderate revenue of INR 7.000 Million during
FY 2018. The rating is also constrained on account of concern’s short track
record of business operation along with small scale of operational
activities. Trade relation are reported as fair. Business is active. Payment terms
are reported to be slow but correct. The concern can be considered for business dealings with some caution. Note: Site visit was
conducted at the address which you have provided. Our executive has
successfully traced that the concern at the given address. At the premises,
our executive met Mr. Ramlal (Salesman) who confirmed existence of the
concern at the given address. As per our
executive observation, it is a one storey building and concern is located on
the ground floor of the building. Locality of the premises appears to be
commercial, area seems to be neutral and area of the premises is 250 (sq.
ft.) (approx.) Name board of the
concern was sighted at the given premises Landmark of the area is near “Jammu
and Kashmir Bank” and 3 (approx.) employees were sighted at the premises. Our executive also
had a word with the neighbours of the concern i.e. “Bajaj Allianz” and
“Ramesh Sweet Shop” 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
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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 28.05.2018.
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. Digvijay Singh |
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Designation : |
Proprietor |
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Contact No.: |
91-9419838888 |
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Date : |
23.05.2018 |
LOCATIONS
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Registered Office : |
Patel Nagar (Adjoining J & K Bank), Kathua – 184101, Jammu &
Kashmir, India |
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Tel. No.: |
91-1922-237888 |
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Mobile No.: |
91-9419838888 [Mr. Digvijay Singh] |
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Fax No.: |
Not Avaiilable |
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E-Mail : |
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Area : |
250 sq. ft. |
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Location : |
Rented |
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Locality : |
Commercial |
SOLE PROPRIETOR
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Name : |
Mr. Digvijay Singh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
35 Years |
BUSINESS DETAILS
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Line of Business : |
Trader of Electronic Goods and Inverter Batteries. [Confirmed by
Management] |
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Products : |
Electronic Goods and Inverter Batteries |
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Brand Names : |
Not Divulged |
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Agencies Held : |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment |
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Purchasing : |
Advance Payment |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailer, End Users
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
Not Divulged |
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
in INR Million]
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Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
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Sales Turnover (Approximately) |
7.000 |
7.000 |
7.000 |
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Expected Sales (2018-2019) : INR 10.000 Million (Due to business growth)
The above information has been parted by Mr. Digvijay Singh
(Proprietor).
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
FINANCIAL ANALYSIS
[all figures are
in INR Million]
YEAR-ON-YEAR GROWTH
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Year on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
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INR In Million |
INR In Million |
INR In Million |
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Sales |
7.000 |
7.000 |
7.000 |
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0.000 |
0.000 |
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 – Legal Form |
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 |
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 |
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) |
No |
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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 |
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 three years |
Yes |
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27 |
Reasons for variation <> 20% |
Yes |
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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 |
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 |
Yes |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION FORM
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COMPANY NAME: SWASTIK INFO
SOLUTIONS ADDRESS: Patel Nagar
(Adjoining J & K Bank), Kathua-184101, Jammu & Kashmir, India CONTACT NO.: 91-9419838888 PERSON TO WHOM
WE MET: Mr. Ramlal
DESIGNATION: Salesman
o
Telephone o
Telex o
Computers o
Air Conditioner o
Office Equipment
Name of company: Bajaj Alliaz Contact Person Name: Mr. Rakesh Sharma Neighbour’s Overview: Subject company
exist on given address. Name of company: Ramesh Sweet Shop Contact Person Name: Mr. Ramesh Neighbour’s Overview: Subject company
exist on given address.
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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 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 68.26 |
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1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
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DIV |
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Report Prepared
by : |
JYO |
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.