MIRA INFORM REPORT
|
Report Date : |
6th May, 2006 |
|
Mobile No.: |
91-9810033663 |
IDENTIFICATION DETAILS
|
Name : |
MULTI
METAL UDYOG |
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|
|
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Registered Office : |
203, Hemkunt Tower, 98,
Nehru Place, New Delhi- 1100019. |
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Country : |
India
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Date of Incorporation : |
1st
November, 1993 |
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|
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TAN No.: (Tax Deduction &
Collection Account No.) |
DELMO9616F/RTKM02591B/RTKM03544C |
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PAN No.: (Permanent Account No.) |
AAAFM9754H |
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IEC No.: |
0598017257 |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners |
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Line of Business : |
Trading in Non- Ferrous
Metals |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
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|
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
This
report is based on details parted by Mr. Mohan Agarwal, Mr. Vikram
Jhunjhnwala (09811999113) and Mr. Rajkamal Saraogi (09811999113) Trade
relations are fair. Payments are reported as slow but correct. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
203, Hemkunt Tower, 98,
Nehru Place, New Delhi- 1100019. |
|
Tel. No.: |
91-11-241618203/51618203 |
|
Mobile No.: |
91-9810033663/9830063474/9811999113/9873184000 |
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Email : |
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Website : |
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Area : |
400
Sq. ft |
|
Location : |
Rented
|
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Branches : |
Shop
No. 5, Plot No. 11, Krishna Nagar, Faridabad-121004 Tel. No.:
91-129-2238059/3058000 Fax No.: 91-129-2235356 Area : 400 Sq.fts. Location : Rented F-26/1,
Okhla Industrial Area, Phase-II, New Delhi – 110020 Tel.
No.: 91-11-241618203 Mobile
No.: 91-9810033663 Areas
: 400 sq. fts. Location
: Rented |
|
|
|
PARTNERS
|
Name : |
Mr. Mohan Agarwal |
|
Designation : |
Managing Partner |
|
Address : |
F-170B,Sainik farm, New
Delhi –110017 |
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Date of Birth/Age : |
42 years |
|
Qualification : |
B.Com |
|
Experience : |
17 years |
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|
|
|
Name : |
Mr. Vikram Jhunjhunwala |
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Designation : |
Managing Partner |
|
Address : |
9, Pretoria Street,
Kolkata-700071 |
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Date of Birth/Age : |
42 years |
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Qualification : |
B.Com |
|
Experience : |
18 years |
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|
|
|
Name : |
Mrs. Sita Devi Jhunjhunwala |
|
Designation : |
Partner |
|
Address : |
9, Pretoria Street,
Kolkata-700071 |
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Date of Birth/Age : |
64 years |
|
|
|
|
Name : |
Mrs. Kalawati Agarwal |
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Designation : |
Partner |
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Address : |
F-170B,Sainik farm, New
Delhi – 110017 |
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Date of Birth/Age : |
62 years |
BUSINESS DETAILS
|
Line of Business : |
Trading in Non- Ferrous
Metals |
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|
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Imports from : |
London, U.K., South Africa |
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Terms : |
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Selling : |
Cash
and Credit (30 days) terms |
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Purchasing : |
Cash
and Credit (30 days) terms |
GENERAL INFORMATION
|
Customers : |
End Users ·
M/s.
ABB ·
M/s.
Auto Ignition Limited ·
M/s.
Birla Power Solutions Limited ·
M/s.
Denso India Limited ·
M/s. G.
E. Motors India Limited ·
M/s.
Honda MoterCycle & Scooter India (P) Limited ·
M/s.
Honda Siel Power Products Limited ·
M/s.
Majestic Auto Limited ·
M/s.
Maruti Udyog Limited ·
M/s.
Minda Group ·
M/s.
Rico Auto Limited ·
M/s.
Subros Limited ·
M/s.
Sunbeam Auto Limited ·
M/s.
Suzaki Powertrain India Limited ·
M/s.
Yamaha Motors India Limited ·
M/s. Oriental Engg.
Works (P) Limited |
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|
|
|
No. of Employees : |
Total
15 : in office 5 people + in branch 10 people |
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|
|
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Bankers : |
v
ICICI Bank Limited,
Faridabad. v
ABN Amro Bank, New
Delhi |
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|
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Facilities : |
The
concern reported enjoy some facilities from its bankers |
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Banking Relations : |
-- |
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Auditors : |
D.
Vashi and Associates, Chartered
Accountants |
|
Address: |
301,
Channa Mansion, 2215, Gurudwara Road, Karol Bagh, New Delhi 110055. |
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Tel. No.: |
91-11-25788173 |
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E-Mail : |
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Sister Concern : |
Century
Aluminium Manufacturing Company Limited Address: 113, Park Street,
‘N’ Block, 3rd Floor, Kolkata-700016. Line of Business:
Manufacturing of Aluminium and Zinc Alloys and Die Casting Components. |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 8.974 Millions |
|
Borrowed : |
Rs.
38.038 |
|
Total : |
Rs.
47.012 Millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover |
416.982 |
390.582 |
335.921 |
|
|
|
|
|
|
Profit/Loss for the year |
2.117 |
1.969 |
1.797 |
|
|
|
|
|
|
Import Value |
NA |
205.253 |
229.012 |
LOCAL AGENCY FURTHER INFORMATION
It is in trade terms with:
v
Mr. C .L. Verma
Rockman Cycle Industries Limited,
A-7, Focal Point, Ludhiana
v
Mr. Rajiv Jain
Kiran Udyog,
Plot No.47, Gali No.6, Anand Parvat, New
Delhi.
v
London Metal Limited,
9, Marsfield Street, London, U.K.
v
S.A. Metal
P.O.Box No.373, Ehhihdust – 74755, South
Africa
AS PER WEBSITE
About Century NF Castings
The Century group is pioneer in India
in non-ferrous sector. It has interests in manufacturing of Aluminium &
Zinc alloys, Die Cast Components, Aluminium Deoxidizing agents and Aluminium
Extrusions. Rolled
products of aluminum are also dealt through trading.
The Group is headed by Mr. M.P. Jhunjhunwala. The group
turnover for the year 2004-2005 is Rs. 400 Crores (U.S.$ 90 Million).
Century NF
Castings ( A division of Century Aluminium Mfg. Co. Ltd.), Faridabad
is an ISO/TS 16949 : 2002 unit and the largest manufacturer of Aluminum alloys
and Zinc alloys in India with an installed annual capacity of
nearly 24, 000 M.T. of Aluminium alloys and 6, 000 M.T. of Zinc alloys.
In addition to this, the unit is also engaged in the
manufacture of Pressure Die Cast Components of both Aluminium & Zinc with
an installed annual capacity of around 2, 000 M.T.
CNFC supplies Alloys and Die Cast Components that cater to
the appliances, automotive, electronics, furniture, hardware, house wares,
sporting goods and toy industries, to name a few.
CNFC's innovation and expansion have shown its ongoing commitment to provide
quality metal and superior service with in-house facility to design and develop
Tools & Dies.
The unit is able to honor its commitment to its customers
with
- High quality of products
- Timely delivery of material
- Competitive pricing
CNFC is
a responsive and progressive organization - a dependable, efficient and
quality-oriented business partner for aluminum and zinc consumers and sellers.
CNFC is geared toward making rapid decisions. The company’s staff of
professional metal people provides continuity in our business relationships.
CNFC
has high growth record of over 25% annualised during almost last 20 years with
present turnover of around Rs. 282 crores (U.S. $ 63 Million) for the year
2004-2005.
CNFC
focus areas are :-
- Customer satisfaction
- Quality planning
- Latest State of Art Technology
- Computerisation
- Human Resources mobilisation
- Environment Concern
Aluminium Alloys
Century NF Castings Aluminium Alloys are produced in ingot
form using the latest State of the Art Technology.
CNFC is capable of producing aluminium
alloys which can meet the stringent national & international standards like
IS, BS, JIS, DIN & ASTM and also as per customer aspecifications.
CNFC maintains a strong inventory of raw-material and finished goods and
provides a high level of customer service.
Zinc Alloys
Century NF Castings produces a wide variety of zinc alloys which are used in
automobile, hardware and other industries.
CNFC is capable of producing zinc alloys which can meet
stringent national and international standards like IS BS, JIS,DIN
and ASTM and also as per customer specification.
Ingot size and Packing Measurement
|
Kgs./Pc. |
Length(mm) |
Width(mm) |
Height(mm) |
|
10 |
420 |
190 |
30 |
For 500Kgs. Packing
|
No. of Pcs. |
Length(mm) |
Width(mm) |
Height(mm) |
|
50 |
420 |
380 |
750 |
For more information, click here to contact Century NF Castings.
Casting Components
CNFC is also supplying good quality
castings to Automotive and hardware industries.
The Zinc Castings produced by us is of plating standards
with zero porosity. Annual capacity of Die Cast Component is 2000 M.T.
Testing
and Quality Control
Quality is always the top priority in CNFC Management
philosophy.
Based on the concept of Total Quality Management, we are following
strict quality standards in every stage of manufacturing process namely
raw-material inspection, segregation of scrap, melting, casting and packing,
based on S.Q.C. techniques.
They well equipped with the most advanced analysing
instrument like Spectrometer (both mobile and lab models), Image Analyser and
Universal Testing Machine.
Every heat is checked intensely for not only its chemical
composition but also for its grain size, dross content, gas content and
physical strength.
In addition to the plant quality assurance job, our Q.C.
department also provides after sales services to customers. They offer free consulting and trouble
shooting service to all customers.
The unit maintains high quality of product and services. The
quality control system followed for manufacturing alloy are as follows:-
Incoming Material
Spectrometer test for chemical composition
Visual Check
Cleaning & Segregation where required.
Quality Audits
Control Plans
Inprocess Inspection
Automatic Temperature Control
Degassing & Fluxing
Grain refinement where required
Chemical Composition check
Microstructure test
Vacuum M/C for Gas/Porosity Test
Filtration
Oxide Film Removal
Process Audits
S.P.C. Study on Furnaces
Control Plans
Finished Goods
Every Ingot marked with batch No. & Grade which ensure
complete back traceability upto raw material stage.
Chemical composition Re-check
Each Batch test samples retention for 60 days.
Dock Audits
The main Testing Equipment in our Q.C.
Laboratory
- Spectrolab Model M-8 -- PMT based
- Spectro Junior- CCD based
- Mobile Spectrometer Model Spectro Port
CCD
- 2 sets of Aluminium degassing equipment
- Metalographical Microscope equipped
with advanced analyser.
- Universal Testing Machine
Raw Material & Scrap Purchasing
Its annual requirement of aluminium, primary & secondary
ingots, SHG Zinc, silicon, copper etc is met from various Indian &
International sources. Its requirement of scrap is approximately 21, 000 M.T.
per annum. The long experience gained by us has made more powerful than others
in selecting reliable input material on reasonable price from world wide
non-ferrous scrap metal sources. This has enhanced stock efficiency and reduced
production cost.
Being a professional recycling plant,
procurement specialists are very knowledgeable and trained in selecting
raw-material. They are not only focused on long term business relationship with
reliable suppliers but also on developing new sources to expand our market
share. Most of the purchases for the alloying plant are based on ISRI
Specifications such as Tense, Taint / Tabor, Tale, Throb, Tread, Twitch Talk,
A.C.S.R., Primary and Off-grade Ingots etc.
Computers are utilised extensively in
all levels of production process. Segregated inventory is controlled by
quantity, chemical assay, alloying yield and cost.
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.88 |
|
UK
Pound |
1 |
Rs.83.07 |
|
Euro |
1 |
Rs.56.94 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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
and their relative weights (as indicated through %) are as follows:
Financial condition (40%) Ownership background (20%) Payment record (10%)
Credit history (10%) Market trend (10%) Operational
size (10%)
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |