MIRA
INFORM REPORT
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Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ANAND MOULD STEELS PRIVATE LIUMITED |
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Registered Office : |
44, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
25.02.2005 |
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Com. Reg. No.: |
151616 |
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CIN No.: [Company
Identification No.] |
U27100MH2005PTC151616 |
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PAN No.: [Permanent
Account No.] |
AAAFCA0918D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributor and Importers of Plastic Mould Steels. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 180000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track records. Directors are reported
as experienced and respectable businessmen.
Trade relations are reported as fair.
Business is active. Payments
are usually correct an as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/ Head Office : |
44, |
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Tel. No.: |
91-22-2382 8207 |
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Mobile No.: |
91-9821011409 |
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Fax No.: |
91-22-2388 2783 |
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E-Mail : |
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Website : |
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Area : |
250 Sq. fts. |
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Location : |
Owned |
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Factory : |
Plot No. 1442, Road No. 16, Kalamboli Warehousing Complex, Kalamboli,
Navi Mumbai – 410 218, |
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Tel. No.: |
91-22-56133711, 56133712 |
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Fax No.: |
91-22-2742 3998 |
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Area : |
10000 Sq. fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. K P Bhansali |
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Designation : |
Director |
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Address : |
104, Chetan villa, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, |
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Date of Birth/Age : |
63 years |
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Qualification : |
B. Com |
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Experience : |
40 years |
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Name : |
Mr. Ashish Bhansali |
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Designation : |
Director |
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Address : |
412, Evening Star, Raheja Vihar, Powai, Mumbai – 400 072, |
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Date of Birth/Age : |
34 years |
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Qualification : |
B. Com |
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Experience : |
13 years |
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Name : |
Mrs. Nimisha Bhansali |
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Designation : |
Director |
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Address : |
412, Evening Star, Raheja Vihar, Powai, Mumbai – 400 072, |
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Date of Birth/Age : |
32 years |
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Qualification : |
Fashion Designer |
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Experience : |
10 years |
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Name : |
Mrs. Jamna Bhansali |
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Designation : |
Director |
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Address : |
104, Chetan villa, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, |
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Date of Birth/Age : |
58 years |
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Qualification : |
S.S. C |
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Experience : |
35 years |
SHAREHOLDING PATTERN
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Category |
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Percentage of
Holding |
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Distributor and Importers of Plastic Mould Steels. |
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Products : |
v
Plastic Mould Steels v
Hot work Tool Steels v
Carbon Steel Plates |
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Agencies Held : |
Schmiedewerke Groditz GmbH |
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Imports : |
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Products : |
v
Plastic Mould Steels v
Hot work Tool Steels v
Carbon Steel Plates |
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Countries : |
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Terms : |
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Selling : |
Cash / Credit / LC |
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Purchasing : |
L/C and Direct Credit |
GENERAL INFORMATION
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Customers : |
End Users, OEM’s |
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No. of Employees : |
22 (Office: 10; Factory: 12) |
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Bankers : |
v
Corporation Bank Mumbai Central
Branch, Mumbai – 400 008, v
ICICI Bank Limited |
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Facilities : |
Corporation Bank: LC: Rs. 55.000 millions CC: Rs. 20.000 millions ICICI Bank Limited CC: Rs. 1.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S M Puj and Company Chartered Accountants |
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Address : |
27, Dadar Manish Market, |
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Tel. No.: |
91-22-24220726 |
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Mobile No.: |
91-9869007000 |
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Fax No.: |
91-22-24302463 |
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Associates/Subsidiaries : |
Anand Steel and Alloys Address: 44, Line of Business: Trading |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10.00 each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2139000 |
Equity Shares |
Rs. 10.00
each |
Rs. 2.139
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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2.139 |
2.139 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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43.839 |
8.421 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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45.978 |
10.460 |
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LOAN FUNDS |
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1] Secured Loans |
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0.859 |
0.000 |
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2] Unsecured Loans |
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16.292 |
0.000 |
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TOTAL BORROWING |
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17.151 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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PROFIT AND LOSS ACCOUNT |
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3.611 |
0.071 |
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TOTAL |
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66.740 |
10.631 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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6.970 |
3.184 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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30.384 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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51.734 |
12.777 |
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Sundry Debtors |
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42.149 |
10.362 |
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Cash & Bank Balances |
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(0.026) |
3.296 |
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Other Current Assets |
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0.010 |
0.000 |
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Loans & Advances |
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1.729 |
0.210 |
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Total
Current Assets |
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95.596 |
26.645 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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66.366 |
19.373 |
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Provisions |
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Total
Current Liabilities |
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66.366 |
19.373 |
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Net Current Assets |
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29.230 |
7.272 |
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MISCELLANEOUS EXPENSES |
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0.156 |
0.175 |
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TOTAL |
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66.740 |
10.631 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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131.593 |
13.672 |
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Other Income |
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53.183 |
12.777 |
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Total Income |
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184.776 |
26.449 |
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Profit/(Loss) Before Tax |
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3.541 |
0.071 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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3.541 |
0.071 |
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Imports : |
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Raw Materials |
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130.391 |
NA |
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Expenditures : |
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Purchases |
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148.670 |
13.683 |
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Bank charges |
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0.564 |
0.254 |
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Legal and Professional Charges |
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0.129 |
0.039 |
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Office Expenses |
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0.112 |
0.016 |
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Salaries and Bonus |
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0.286 |
0.075 |
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Depreciation on Fixed Assets |
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0.814 |
0.258 |
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Other Expenditure |
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30.660 |
12.053 |
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Total Expenditure |
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181.235 |
26.378 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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1.92 |
0.27 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.69 |
0.52 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.45 |
0.24 |
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Return on Investment (ROI) (PBT/Networth) |
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0.08 |
0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.82 |
1.85 |
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Current Ratio (Current Asset/Current Liability) |
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1.44 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
Website details attached:
Profile
They are sole importer and distributor of plastic mould steels, from
EDELSTAHL GMBH J.P.SCHUMACHER,
They cater to the Major tool rooms throughout the country. Manufacturing moulds
and dies for plastic
moulding, aluminium die casting and extrusion industry. They also cater the
requirements of tooling
industry.
Since 1972 ANAND group of companies are in
service of Indian Tool room industry. It is more than 3 decade old
tradition. They entered Plastic Mould Steel business in 1993, Mahindra
Intertrade Ltd., who are regional representatives for
They have their warehouse cum cutting
facility at Kalamboli, Navi Mumbai, 50 k.m. from Mumbai. It is 10,000 Sq. Ft.
warehouse with office, 20 tons EOT Crane, largest band saw cutting facility in the
country i.e. 1500x 1250 mm and trained disciplined staff. They cater tool rooms
- small and big throughout the country - from Parwanoo, Himachal Pradesh in
North to Thiruvananthapuram in
Their priorities, apart from marketing FIRST
CLASS GERMAN SPECIAL STEELS, are offering SUPERLATIVE SERVICES.
Product Profile
GRADES AVAILABLE (PDF
documents)
·
1.2311
·
1.2738
·
XPM36
·
GEST 80
·
1.2316
INSTRUCTIONS (PDF
documents)
·
WELDING
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.58 |
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1 |
Rs. 81.89 |
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Euro |
1 |
Rs. 55.29 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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48 |
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 |
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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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