MIRA
INFORM REPORT
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Report Date : |
20.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
MET-LOK HYDRO PNEUMATIC PRIVATE LIMITED |
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Registered Office : |
13/21, 3RD Panjarapole Lane, Office No. 208, 2nd
Floor, Near C P Tank, Mumbai – 400004, Maharashtra |
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Country : |
India |
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Financials (as on) : |
-- |
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Date of Incorporation : |
24.07.2006 |
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Com. Reg. No.: |
11-163271 |
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CIN No.: [Company
Identification No.] |
U27109MH2006PTC163271 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM30652G |
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PAN No.: [Permanent
Account No.] |
AAECM7154N |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
To carry on the trade or business of miners, processors, traders,
manufacturers, repairs, importers, exporters, buyers, sellers, dealers,
stockiest and distributors or ferrous and non-ferrous metals of all types
whatsoever aluminums and alloys thereof and Stainless Steel, Special Steel,
Carbon Steel, tool alloy steel, Mild steel, High speed steel including in the
form of Melting, Casting, Rolling, Cold Rolling, Fabrication and Forming in
any shape, size and section whatsoever and flat products and long products
such as in large, steel strips, sheets, pipes, wires, tubes fittings of all
description and to assemble, trade, purchase, alter, remodel, repair,
services, stock or otherwise, export, involves, needles, ball, plug, check
relief valves, value manifolds, pressure ratings, handles, base materials
etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and has no track. No payment records are available.
Management remained non-cooperative during current investigation. The company can be considered for any business dealings on safe and
secured trade terms and conditions, initially. |
LOCATIONS
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Registered Office / Corporate Office : |
13/21, 3RD Panjarapole Lane, Office No. 208, 2nd
Floor, Near C P Tank, Mumbai – 400004, Maharashtra |
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Tel. No.: |
91-22-23806080 |
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Fax No.: |
91-22-23806080 |
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E-Mail : |
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Website : |
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Factory 1 : |
Unit 6, Shripal Industrial Estate, Navghar Road, Bhayander [East],
Thane, India |
DIRECTORS
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Name : |
Mr. Mukesh Kumar Mehta |
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Designation : |
Director |
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Address : |
3/5, Kachwala Building, 5th Floor, 1st Parsiwada
Lane, Mumbai – 400004, Maharashtra, India |
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Date of Birth/Age : |
01.03.1979 |
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Name : |
Mr. Mukesh Kumar Keshrimal Mehta |
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Designation : |
Director |
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Address : |
3/5, Kachwala Building, 5th Floor, 1st Parsiwada
Lane, Mumbai – 400004, Maharashtra, India |
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Name : |
Mr. Vikram Keshrimal Mehta |
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Designation : |
Director |
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Address : |
3/5, Kachwala Building, 5th Floor, 1st Parsiwada
Lane, Mumbai – 400004, Maharashtra, India |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Mukesh Kumar Keshrimal Mehta |
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5000 |
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Mr. Vikram Keshrimal Mehta |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the trade or business of miners, processors, traders,
manufacturers, repairs, importers, exporters, buyers, sellers, dealers,
stockiest and distributors or ferrous and non-ferrous metals of all types
whatsoever aluminums and alloys thereof and Stainless Steel, Special Steel,
Carbon Steel, tool alloy steel, Mild steel, High speed steel including in the
form of Melting, Casting, Rolling, Cold Rolling, Fabrication and Forming in
any shape, size and section whatsoever and flat products and long products
such as in large, steel strips, sheets, pipes, wires, tubes fittings of all
description and to assemble, trade, purchase, alter, remodel, repair,
services, stock or otherwise, export, involves, needles, ball, plug, check
relief valves, value manifolds, pressure ratings, handles, base materials
etc. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
Unknown |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since it is a new company.
LOCAL AGENCY
FURTHER INFORMATION
MET-LOK HYDRO PNEUMATIC PRIVATE LIMITED a view of exporting quality in
Hydro Pneumatic Tube / Pope fittings from Mumbai, India the firm outset decided
to focus on high quality Tube / Pipe fittings, Needle / Ball Valve, Manifold
Valves, Air-Healers, Condensate Pots, Thermo Wells, Flanges, Siphons, Pipe
Clamps and Tubes / pipes etc.
Met –Lok began with a vision to supply quality products on time. The
firm has a skilled team to check quality at every stage. The firm belies in
closely working with Buyers Delivery Schedules, thus with the aid of modern
technology MET – LOK Hydro Pneumatic Private Limited is delivering Excellence
and Success.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.28 |
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UK Pound |
1 |
Rs.86.64 |
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Euro |
1 |
Rs.58.10 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
1 |
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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 |
NO |
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TOTAL |
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5 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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