MIRA
INFORM REPORT
|
Report Date : |
25.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
METALLIC ALLOYS |
|
|
|
|
Registered Office : |
BA, 3A, MIG Flats, Phase – I, Ashok Vihar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
1975 |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Import and Export of Ferro alloys and metals. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established and reputed concern having
satisfactory track. Partners are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
BA, 3A, MIG Flats, Phase – I, Ashok Vihar |
|
Tel. No.: |
91-11-27224771 / 27115933 / 27125933 / 27401429 / 27223771 / 27227441 |
|
Mobile No.: |
91-981105965 / 9821000852 |
|
Fax No.: |
91-11-27136946 / 27136943 / 7224771 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1600 sq.fts |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Mahesh Jhalani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
Graduate |
|
Experience : |
28 Years |
|
|
|
|
Name : |
Mr. Om Jhalani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
46 Years |
|
Qualification : |
Graduate |
|
Experience : |
23 Years |
BUSINESS DETAILS
|
Line of Business : |
Import and Export of Ferro alloys and metals. |
|
|
|
|
Products : |
·
Stainless Steel billets ·
Alloys steel billets ·
Hot rolled plates ·
Hot rolled coils ·
Wire rods ·
Silicon metal lumps ·
Electrolytic nickel plates ·
Electrolytic nickel cathodes ·
Aluminum bars ·
Aluminum shots ·
Cobalt metal |
|
|
|
|
Exports : |
|
|
Products: |
Silicon Manganese HC, MC and LC, Ferro Manganese HC, MC and LC, Iron Ore, Stainless Steel Billets, Alloys Steel Billets, etc |
|
Countries : |
Saarc Countries, |
|
|
|
|
Imports : |
|
|
Products: |
Medium Carbon Ferro Chrome, Low Carbon Ferro Chrome (0.03%, 0.05% and 0.10%), Ferro Titanium (70-75%), Ferro Silicon (65-75%), Manganese Metal Flakes and Lumps, Silicon Metal Lumps, Electrolytic Nickel Plates/Cathodes etc. |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
KTC – ·
Millions Links - |
|
|
|
|
Customers : |
·
Jindal Steel Stripes Limited, Hissar ·
Bhushan Steel Limited, Ghajiabad |
|
|
|
|
No. of Employees : |
17 |
|
|
|
|
Bankers : |
Bank of Address: |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 15.000 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.15.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
2000.000 |
1800.000 |
|
|
|
|
|
|
Commission |
|
1% to 2% |
1% to 2% |
Expected Sales (2007-08) : Rs. 2500.000 millions.
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
Metallic alloys is among the oldest and the most reputed trading companies of ferro alloys in India, engaged in the trading, importing, exporting and indenting of ferro alloys and metals. Since their inception in 1975, their endeavors are directed towards performing better everyday, which is further strengthened by a strong will to excel high in their sphere of activity. With a humble beginning, They have grown strength to strength to become a company with an annual turnover exceeding US$ 35 Million.
They are a renowned company engaged in trading manufacturing exporting, importing and indenting of Ferro Alloys.
During last few years,
Metallic Alloys has exported Ferro Alloy to most quality conscious countries
like
The overseas buyers have appreciated their product quality and repeated orders.
The Main products that the company is exporting are:
· Silico Manganese HC, MC and LC
· Ferro Manganese HC, MC and LC
· Ferro Titanium (30-35% and 35-40%)
· Ferro Chrome High Carbon
· Ferro Molybdenum (60-65%)
· Ferro Aluminum
·
· Stainless Steel Billets
· Alloys Steel Billets
· Hot Rolled Plates/ Coils
· Wire Rod
Products Import
The company is mainly dealing with Ferro Alloys and Metals and is importing different types of Ferro Alloys and Metals from various sources. Some of the main imports of the company are:
· Medium Carbon Ferro Chrome
· Low Carbon Ferro Chrome (0.03%, 0.05% and 0.10%)
· Ferro Titanium (70-75%)
· Ferro Silicon (65-75%)
· Manganese Metal Flakes and Lumps
· Silicon Metal Lumps
· Electrolytic Nickel Plates/Cathodes
· Cobalt Metal
·
Roasted
· Vanadium Penta Oxide
· Stainless Steel Scrap
· Heavy Melting Scrap
· Ferro Phosphors
· Calcium Silicide
· Tungsten
· Copper
· Antimony
· Magnesium Ingots
· Tin Ingots
Products Manufacture
They are manufacturing all their products at Raipur Work at Metallic Alloys Siltara Raipur (Chattisgarh)
· Ferro Manganese - MC/LC
· Ferro Titanium - (30-35%/35-40%)
· Silico Manganese - MC/LC
· Ferro Aluminium
· Ferro Molybdenum
· Ferro Vanadium
STRENGTHS
Infrastructure
Their whole system is supported by state-of-the-art facilities. They are equipped
with sophisticated machinery and equipment needed to conduct their
manufacturing process. They are well supported by a dedicated team of personnel
who have the flair to carve a niche of excellence for themselves in their
professional front.
Quality
They feel its the high quality of their products that has helped them to
withstand the market competition since last 31 years. At each stage of
manufacturing process, stringent quality control norms are observed to ensure
their products are at par with the international standards.
Large Warehouse
They own a large warehouse, which is well-equipped with ultra-modern gadgets to keep their products intact.
On Time Delivery
Backed by strong logistic support their supply chain management team is poised to deliver consignments at the clients’ doorstep within the stipulated period.
They are committed to deliver the highest level of satisfaction to their clients through their quality products and prompt service. They enjoy a very good market reputation and are renowned for their high quality products at competitive prices. They are regularly supplying their products to the most renowned steel plants and foundries in the country. Some of their Precious Customers are as under
Public Sector
SAIL, Bokaro Steel Plant CFFP, BHEL Ordnance Factory
- Tata Steel Limited.
- Essar Steel Limited.
- Jindal Group
- Kalyani Group
- Hinduja Group
- Mahendra Group
- Rathi Ispat Limited
- Lloyd Steel
- Faros Steel
- Shah Alloys
- Private Sector
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.82 |
|
|
1 |
Rs.80.85 |
|
Euro |
1 |
Rs.56.22 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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. |
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 |
|