MIRA
INFORM REPORT
|
Report Date : |
28.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
S T
GLOBAL CORPORATION |
|
|
|
|
Registered Office : |
Flat
No. 18, Sanskrit Nagar, CGHS, Sector – 14, Rohini, New Delhi – 110085 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007
[Projected] |
|
|
|
|
Date of Incorporation : |
March,
2006 |
|
|
|
|
Legal Form : |
Sole
Proprietory concern. |
|
|
|
|
Line of Business : |
Indenting
Agents for Iron Ore Fines & Lumps, Iron Ore
Pellets, Steel Slabs/ Steel Plates, Hot Rolled Steel Coils & Hot Rolled
Steel Strips, Gavalnized Coils, Mild Steel Angles (equal and un-equal)/Steel
Channels/Steel Flat Bars, Steel Pipes (Black/Galvanized/API Grade Welded and
SAW Pipes), Cement, Steel De-formed Bars, Steel Scrap & Stainless Steel
Scrap, Steel Wire Rods and Steel Billets (Square & Round), Coal/Met Coke |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
New
concern |
|
|
|
|
Payment Behaviour : |
Not
involved |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a very small and unknown indenting commission agency, which was closed
when proprietor was away. It is operated from residence. No money transaction
involved in the business by subject. The
concern can be considered for any business dealings on safe and secured trade
terms and conditions, only. |
LOCATIONS
|
Registered Office : |
Flat
No. 18, Sanskrit Nagar, CGHS, Sector – 14, Rohini, New Delhi – 110085, India |
|
Tel. No.: |
91-11-27861842 |
|
Mobile No.: |
91-9871110036 |
|
Fax No.: |
91-11-27862034
/ 27861842 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Small
[Resident cum office] |
SOLE PROPRIETOR
|
Name : |
Mrs.
Sumeen Malik |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
36
years |
|
Qualification : |
Graduate |
|
Experience : |
5
years |
KEY EXECUTIVES
|
Name
: |
Mr. J.
R. Malik |
|
Designation
: |
Senior
Consultant |
|
Date
of Birth/Age : |
45
Year |
|
Qualification
: |
Graduate
|
|
Experience
: |
20
Years |
BUSINESS DETAILS
|
Line of Business : |
Indenting
Agents for Iron Ore Fines & Lumps , Iron Ore
Pellets, Steel Slabs/ Steel Plates, Hot Rolled Steel Coils & Hot Rolled
Steel Strips, Gavalnized Coils, Mild Steel Angles (equal and un-equal)/Steel
Channels/Steel Flat Bars, Steel Pipes (Black/Galvanized/API Grade Welded and
SAW Pipes), Cement, Steel De-formed Bars, Steel Scrap & Stainless Steel
Scrap, Steel Wire Rods and Steel Billets (Square & Round), Coal/Met Coke |
|
|
|
|
Products : |
v
Iron Ore Fines & Lumps
v
Iron Ore Pellets v
Steel Slabs/ Steel Plates v
Hot Rolled Steel Coils & Hot Rolled Steel Strips v
Gavalnized Coils v
Mild Steel Angles (equal and un-equal)/Steel Channels/Steel Flat
Bars v
Steel Pipes (Black/Galvanized/API Grade Welded and SAW Pipes) v
Cement v
Steel De-formed Bars v
Steel Scrap & Stainless Steel Scrap v
Steel Wire Rods v
Steel Billets (Square & Round) v
Coal/Met Coke v
Iron and Steel Products – Flat/ Long and Round Steel Finished
and Semi- finished Products v
Raw Material of Steel such as Iron Ore etc. v
Cement |
|
|
|
|
Exports to : |
India, Iran, Bahrain and China |
|
|
|
|
Imports from : |
China,
Korea, Japan and Iran |
|
|
|
|
Terms : |
|
|
Selling : |
L/c,
Contract |
|
|
|
|
Purchasing : |
L/c,
Contract |
GENERAL
INFORMATION
|
Customers : |
End
Users, OEM's and Others |
|
|
|
|
Bankers : |
Karnataka
Bank Limited Overseas
Branch Shalimar
Baug New Delhi
|
|
|
|
|
Facilities : |
The
concern do not enjoy facility from its bank. |
|
|
|
|
Auditors : |
Scan
Associates Darya
Ganj, Delhi, India |
|
|
|
|
Sister Concern : |
Singh
Traders F1U-170,
Pitam Pura, Delhi-110034, India Line
of Business: Indenting House and Government Electrical Contractor |
CAPITAL STRUCTURE
|
Capital
Investment [Expected]
: |
|
|
Owned : |
Rs.
0.200 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
0.200 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2007 [Projected] |
|
Commission Agent |
|
|
0.500 |
LOCAL AGENCY
FURTHER INFORMATION
S.T. Global
Corporation, A company with a vision "To
create a suitable business atmosphere among their clients which helps to expand
business opportunities and take such associations on never ending paths".
A Global indenting & services
marketing company creating high values for its associates & customers. It
looks after all the business activities starts from development stage to
execution stage for their valuable clients. The company deals in a number of products
e.g. Ferrous and Non-Ferrous products such as Steel, Iron Ore, Chrome Ore, Mg.
Ore, Coal/Coke, Cement, and Stones etc.
"S.T.
Global Corporation" has a wide business
associates/clients in various countries and has been in extensive
global operations, specialized services and is keen to do business specially
Indenting/Trading in both Import and Export Area's and earned a global
reputation for providing quality products with complete satisfactory services
to their clients.
Their long-term business strategy in the
International Market has earned a very good name for itself. Over the years
they have networked China & India in a very effective manner, which makes
easier for us to source or to sell their product range into these two largest
markets of the world.
Their professionally managed team is ready to take this fire with full energy to accomplish the job & and achieve the vision set by them.
Products
:
Iron Ore Fines & Lumps
They have direct sources of Iron ore fines/Lumps from India and
Iran and arrange regular supplies on Spot/Long term basis for Grade Fe 55% to
Fe 64% from Mine owners/leading exporters and vies-a-versa arrange selling of
these cargo’s directly to leading steel mills / leading traders in China.
Iron Ore Pellets
They can arrange Iron Ore pellets from Bahrain, Ukraine for Grade
Fe61% to Fe67%.
Steel Slabs/ Steel Plates
They have regular reliable supply sources from China, Korea, India
of Grades ASTM A 36 or SS400 mainly to Indian/UAE/Iran/Sudan/Saudi Markets.
Hot Rolled Steel Coils & Hot Rolled Steel Strips
Having regular Suppliers and Buyers from China, Ukraine, Iran
& Egypt and India. UAE, Saudi respectively for both Re-rolling Grade i.e.
SAE1006 as well as Pipe Grade i.e.ST37-2,Q235, Q195,SS400,ASTM AND JIS
STANDARDS.
Gavalnized Coils
Having both buyers and suppliers in UAE, Iran, Saudi, USA, Taiwan,
India and China respectively, mainly for Specs as per ASTM, JIS, SAE STANDARDS.
Mild Steel Angles (equal and un-equal)/Steel Channels/Steel Flat
Bars
Competitive sources to arrange these products of Grade ASTM A36 Or
Q235 from China to India/Iran/UAE and other.
Steel Pipes (Black/Galvanized/API Grade Welded and SAW Pipes)
Nice Contacts with Leading Indian and Japanese Steel Mills to
Supply ASTM, BS and API Standards Line Pipes.
Cement
Can arrange regular supplies from Chinese and Indian sources.
Steel De-formed Bars
Competitive sources to arrange these products of Grade BS4449
GRADE B from China, Korea to India, Iran, UAE and other markets.
Steel Scrap & Stainless Steel Scrap
Having Supplies from African Continent for Grade HMS, Rail Scrap
and Stainless Steel Scrap of Grade SS304/316 OR SABOT from USA.
Steel Wire Rods
Contact directly with leading steel mills of China to supply Wire
Rods of Grade Q235. SAE1006, SAE1008 Low carbon or High Carbon mainly to India,
Nepal, Bangladesh, UAE, Iran etc
Steel Billets (Square & Round)
They can arrange regular supplies of Billets from China, CIS,
Kuwait of Grades 3SP/PS, 5SP/PS,Q235 ETC to India, Sri Lanka, Nepal, Iran,
Pakistan Buyers.
Coal/Met Coke
Can arrange regular supplies from China and Indonesia.
Company Vision
S.T. GLOBAL CORPORATION, A company with a
vision "To create a suitable business atmosphere among our clients which
helps to expand business opportunities and take such associations on never ending
paths ".
MARKETS
Asia
China, Japan, Korea, Taiwan, India,
Malaysia, Singapore, Vietnam, Pakistan, Bangladesh & Sri Lanka
Gulf Region
U.A.E., Kuwait,
Bahrain, Qatar, Saudi Arabia, Iran etc.
African Continent
Sudan,
Ethiopia, South Africa, Morocco, Congo etc.
European Union
UK, Germany,
Italy, Spain, Romania, Czech Republic etc.
North And South America
USA, Canada,
Mexico, Brazil etc.
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.44.64 |
|
UK
Pound |
1 |
Rs.86.51 |
|
Euro |
1 |
Rs.58.62 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
17 |
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 EXPLANATIONS
|
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|