MIRA
INFORM REPORT
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Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ANAND STEEL AND ALLOYS |
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Registered Office : |
44, |
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Country : |
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
1972 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA23659G |
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PAN No.: [Permanent
Account No.] |
AAAFA1571C |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partners. |
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Line of Business : |
Distributor and Importer of plastic Mould Steel |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 4000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an old concern having moderate track. The concern’s
activities have been takeover by Anand Mould Steels Private Limited, a newly incorporated
company in the same group. This has been confirmed by Mr. Ashish Bhansali,
one of the partners. The concern can be considered for any business dealings on fully safe
and secured trade terms and conditins |
LOCATIONS
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Registered Office : |
44, |
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Tel. No.: |
91-22-23828207 / 23882783 / 65133711 |
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Fax No.: |
91-22-23872151 |
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Area : |
300sq.fts |
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Location : |
Rented |
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Warehouse : |
Plot No.1442, Road No. 16, Kalamboli Warehousing Complex, Navi Mumbai,
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Tel. No.: |
91-22-255903711 / 12 |
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Location : |
Leased |
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PARTNERS
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Name : |
Mr. K. P. Bhanshali |
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Designation : |
Partner |
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Date of Birth/Age : |
61 Years |
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Qualification : |
Under Graduate |
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Experience : |
+38 Years |
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Name : |
Mr. Ashish Bhanshali |
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Designation : |
Partner |
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Date of Birth/Age : |
33 Years |
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Qualification : |
B.Com |
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Experience : |
9 Years |
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Name : |
Mr. Anand Bhanshali |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
B.Com |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Distributors and Importer of Plastic Mould Steel |
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Agencies Held : |
Adelstahl GmbH J.P. |
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Imports : |
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Products : |
Plastic Mould Steel |
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Countries : |
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Terms : |
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Selling : |
Cash or Credit |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
2 |
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Bankers : |
Corporation Bank Veena Chambers, Fort, Mumbai – 400001, |
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Facilities : |
The concern enjoy some facilities from its bankers |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Chandar Electronics 44, Tel. 91-22-23828207/23882783 Fax. 91-22-23872151 |
CAPITAL STRUCTURE
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Capital Investment : |
(2003) |
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Owned : |
Rs.1.000 million |
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Borrowed : |
- |
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Total : |
Rs.1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2003 |
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Sales Turnover |
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20.000 |
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LOCAL AGENCY FURTHER INFORMATION
Subject Trade
Terms with –
Mahindra Intertrade Limited, Mumbai
Larsen and Toubro Limited, Mumbai
Company Profile
They are sole importer and distributor of plastic mould steels, from EDELSTAHL
GMBH J.P.SCHUMACHER,
PLASTIC MOULD STEEL ED 1.2311:
ED 1.2311 is a mould steel for hardening and tempering also for nitriding. It
is well polishable and suitable for electro-erosion machining, as well as for
chrome plating. Minimal hardness differences surface-core upto 400 mm
thicknesses.
TYPICAL USES: For Plastic Moulds
mould frames for plastic- and pressure casting moulds.
TYPICAL ANALYSIS:
C 0,40% MN 1,50 %
Cr 1,90% Mo 0,20%
Corresponding Standards: German DIN 40crMnMo 7
AISI P20
Heat Treatment Data: Usual Delivery condition:H+T to 950-1100 N/mm2
Forging: 1050-850oC
Annealing:720-750oC
Hardening:840-870oC
Tempering:600-680oC
PLASTIC MOULD STEEL ED 1.2738 ED 1.2738 is a plastic mould steel for
hardening and tempering of very good polishability,good machinability also for
nitriding and for chrome plating. As compared to the standard grade ED 1.2311,
it contains an addition of appros.1 % Ni giving it superior hardening-through
characteristics also for dias above 400mms.
TYPICAL USES:
Moulds for TV Housings
Moulds for shock-absorbers,dashboards
copy machine housings for waste bins etc.
TYPICAL ANALYSIS:
C 0,40% MN 1,50 %
Cr 2,00% Mo 0,25%
Ni 1,00%
Corresponding Standards:
German DIN 40crMnNiMo 8 6 4 (W 1.2738
AISI P20+Ni
Heat Treatment Data:
Usual Delivery condition:H+T to 950-1100 N/mm2
Forging: 1100-900oC
Annealing:710-740oC
Hardening:850-880oC
Tempering:600-680oC
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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Indian Rupees |
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US Dollar |
1 |
Rs.40.58 |
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1 |
Rs.81.59 |
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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 |
3 |
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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 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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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 |
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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13 |
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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