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MIRA
INFORM REPORT
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Report Date : |
03.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ANUPAM METALS (INDIA) |
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Registered Office : |
24/1, 2nd Carpenter Street, Near C.P.Tank, Grant Road
(East), Mumbai – 400004, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1975 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Dealers. Exporters, Importers, Suppliers and Stockiest of Ferrous and non
ferrous, Metals. |
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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Status : |
Good |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established trader of metals. Trade relations are
fair. Payments are slow but correct. The Concern can be considered normal for business dealings at usual
trade terms and conditions. |
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LOCATIONS
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Registered Office : |
24/1, 2nd Carpenter Street, Near C.P. Tank, Grant Road
(East), Mumbai – 400004. |
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Tel. No.: |
91-22-23810301/23810302 |
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Fax No.: |
91-22-23824625 |
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E-Mail : |
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Website : |
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Area : |
350 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Lekhraj Doshi |
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Designation : |
Proprietor |
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Date of Birth/Age : |
48 Years |
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Qualification : |
Under- Graduate |
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KEY EXECUTIVES
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Name : |
Mr. Kishor Doshi |
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Designation : |
Manager |
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Date of Birth/Age : |
27 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Dealers. Exporters, Importers,Suppliers and Stockiests of Ferrous and
non ferrous, Metals. |
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Exports : |
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Products : |
All Products |
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Countries : |
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Imports : |
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Products : |
Row Materials |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit (30 days) or Advance Payment |
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Purchasing : |
Cash and Credit (30 days) or Advance Payment or CAD |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
20 |
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Bankers : |
ABN Amro Bank Nariman Point Branch |
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Facilities : |
Nil |
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Banking
Relations : |
Satisfactory |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
200.000 |
180.000 |
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Expected Sales (2007-08) : Rs.250.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Subjects has earned the distinction of reliability as Exporters,
Suppliers, Dealers and Stockists. They have phenomenal progress in a short span
of time. A decade of experience has given them an in-depth understanding of
their clients' expectations as well as that of the products they deal in.
Established in 1975 i.e. 28 years back in Bombay – India’s biggest
business center and soon extended its arms in other major cities of India like
India’s capital - Delhi. Their systematic execution of work and dedication
towards commitment and quality has brought them an ISO 9001:2000 certificate.
They Guarantee that No one in the world can compete they on the prices for the
quality material they supply. Their wide range of choices in products has
brought them vast list of reputed customers round the globe.
Their Products comprises of an exhaustive range of
Industrial Raw Materials of Ferrous & Non-Ferrous Metals such as:
Stainless Steel: Sheets, Plates, Tubes, Pipes, Rods, Wires,
Strips and pipe fitting like Ball Valves Elbow, blends, Stubend, tees, Flanges,
Reducer, Bolt and Nuts, Screws in the grade of AISI(304, 304L, 316, 316L, 310,
321, 410, 420 & 430)etc.
Non Ferrous: Copper, Brass, Aluminium, Phosper,
Bronze, Gun Metal, Lead, Zinc, Tin Metal, Nickel, Monel, Inconel, Hastelloy, in
all shapes and sizes. They also specialize in Copper tubes Refrigeration
quality of 50’ & 100’ coils in various sizes and thickness.
Alloy Steels: EN-8, 9, 19, 24, 31, 45, 47, 20 Mn-Cr5
etc. SAE 8620, OHNS, HCHCR, H.S.. Manganese Strips in all shapes and sizes.
They are the regular suppliers & exporters of the above
items to the public and private sector industries, Sugar Factories, Cement
Plant Fertilizer plant, Government department’s at the most competitive rates.
They are dedicated to providing quality services with
an aim to ease and expedite the international exchange of various metals.
They assure you that by dealing with them you would choose a
perfect partner taking care of all your requirements with perfect ease.
Products
They deal in various types of Ferrous and
Non-Ferrous Industrial Raw Materials in all International Specifications. Their
product range is quiet big and any material pertaining to Them can be met with
the best Quality and the Most competitive rates. A brief of their product range is as follows:-
PIPES & TUBES: They deal in Stainless Steel,
Stainless Steel, Carbon Steel and Alloy Steel in ERW (Welded), Semi Seamless
& Seamless make. All these materials are available in NB sizes as well as
OD sizes in all qualities. They can also arrange Pipes and Tubes as per the
customers requirements, which is other then the Standard sizes.
SHEETS, PLATES & COILS: They
are Direct Importers of Sheets, Plates and Coils in all Sizes and Qualities in
Stainless Steel from the BEST Manufacturers to give you the ultimate and
quality. Also requirements of Copper, Brass & MS Qualities can be met at
ease.
FLATS & STRIPS: Requirement
of Flats and Strips in all Metals, Ferrous & Non-Ferrous, in all Qualities
and Sizes can be met.
RODS & BARS: They also stock
Round Bar, Square Rod, Rectangular Bar, Hexagonal Rods, etc. in all Qualities
and Sizes.
PIPE FITTINGS: They also Stock
Pipe Fittings in Stainless Steel, Carbon Steel and Alloy Steel, etc. in all
Sizes and Make (Seamless, ERW). Maintaining the accurate specifications in
Fittings is their speciality. Products are Elbows, Stub ends, Reducers,
Flanges, Valves, Nuts, Bolts, Screws. etc.
REFRIGERATION QUALITY COPPER
TUBE: They deal in Refrigeration Quality Copper Tube Capillary Tubes
& PVC Coated Tubes in coils and straight lengths of various sizes.
They also stock Monel, Nickle, Hastalloy, Inconel,
Copper,Brass, Aluminium, Lead, Tin, Zinc and other Minor Metals in all Shapes
and Sizes as per the custombers
requirement.
Other then this other Stainless Steel products such as
Angles, Channels etc. are too in our stock.
Other services
Subjects core competencies lie in Manufacturing and Sourcing
a wide range/variety of products from the following broad product categories:
They have been exporting quality products for a number of
years and have an in-depth knowledge within this area of operation. Their
expertise embraces the following activities : They ensure premium quality
merchandise, at the most competitive prices and assure the highest level of
service standards with optimum turn around times.
Their widely displayed range of products are the trendiest
in designs with very high emphasis on quality. Their products are of
international standards & quality to match the best in the world. Their
products are carefully styled and are designed to meet the requirements of all
our clients who in turn cater to all the segments of the market.
The range of our products is wide and exhaustive. They offer everything for an
ideal Home living atmosphere and also various Amenity products which add to the
luxuries of Guestrooms in the Hospitality Industry.
They guarantee that they have never lost a customer nor will
lose one ever, thus promising you the best quality at most reasonable price.
Trade References
- ACC, Bilaspur
(Himachal Pradesh)
- Tata
Chemicals, Mithapur (Gujarat)
- KNPC, Quwait
- KOC, Quwait
- Qapce, Qatar
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 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.39.37 |
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UK Pound |
1 |
Rs.81.82 |
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Euro |
1 |
Rs.56.83 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
YES |
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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 |
YES |
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TOTAL |
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54 |
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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |