MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
A TO Z STEELLOYS PRIVATE
LIMITED |
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Registered Office : |
29, Magazine Street, Darukhana, Near Sangam Hotel, Ready Road, 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 : |
30.03.2006 |
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Com. Reg. No.: |
160853 |
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CIN No.: [Company
Identification No.] |
U51109MH2006PTC160853 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA27733G |
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PAN No.: [Permanent
Account No.] |
AAFCA6818E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Tools Alloys - 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 3000 |
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Status : |
Satisfactory |
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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 company in its field. Trade relations
are fair. General financial position is satisfactory. Payments are reported
as slow but correct. However, the company can be considered normal for business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Vijay |
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Designation : |
Account Manager |
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Date : |
27.06.2008 |
LOCATIONS
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Registered Office : |
29, Magazine Street, Darukhana, Near Sangam Hotel, Ready Road, Mumbai –
400004, Maharashtra, India |
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Tel. No.: |
91-22-23737387/ 30297344/ 64515700/ 32029700/ 32922895 |
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Fax No.: |
91-22-23707344/ 23737387 |
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E-Mail : |
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Website : |
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Area: |
600 sq. ft. (Ground Floor) |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Jagdish C. Mehta |
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Designation : |
Director |
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Address : |
A-704, Motisha Jain Park, Motisha Lane, Byculla, Mumbai – 400027,
Maharashtra, India |
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Date of Birth/Age : |
24.06.1948 |
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Qualifications : |
Graduate |
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Date of Appointment : |
30.03.2006 |
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Name : |
Mr. Rajendra C. Mehta |
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Designation : |
Director |
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Address : |
1 FL Room No.4, Motisha Jain Park Building C, Motisha Lane, Byculla,
Mumbai – 400027, Maharashtra, India |
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Date of Birth/Age : |
02.04.1953 |
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Qualifications : |
Graduate |
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Date of Appointment : |
30.03.2006 |
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Name : |
Mr. Prabaha C. Mehta |
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Designation : |
Director |
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Date of Birth/Age : |
30 years |
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Qualifications : |
Graduate |
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Name : |
Mr. Pranav C. Mehta |
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Designation : |
Director |
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Address : |
A-704, Motisha Jain Park, Motisha Lane, Byculla, Mumbai – 400027,
Maharashtra, India |
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Date of Birth/Age : |
03.04.1977 |
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Date of Appointment : |
30.03.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Mr. Jagdish C. Mehta |
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3000 |
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Mr. Rajendra C. Mehta |
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5000 |
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Mr. Pranav J. Mehta |
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2000 |
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Total |
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10000 |
(As on 31.01.2008)
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Names of Allottees |
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No. of Allottees |
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Mr. Jagdish C. Mehta |
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45000 |
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Mr. Rajendra C. Mehta |
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45000 |
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Total |
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90000 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Tools Alloys - Steels |
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Products: |
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Terms : |
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Selling : |
Cash and Credit (60 days) Maximum Credit |
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Purchasing : |
Cash and Credit (60 days) Maximum Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
14 |
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Bankers : |
2062, Sadashiv Peth, Pune – 411030, Maharashtra, India |
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Facilities : |
CC Limit Rs.8.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Vinod S. Mehta and Company Chartered Accountant |
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Address : |
114, Jolly Bhavan – 1, 10 New Marine Lines, Mumbai – 400020,
Maharashtra, India |
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Tel No.: |
91-22-66333502 |
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Associates/Subsidiaries : |
29, Magazine Street, Darukhana, Near Sangam Hotel, Ready Road, Mumbai
– 400004, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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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
Million |
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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 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.566 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.666 |
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LOAN FUNDS |
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1] Secured Loans |
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3.972 |
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2] Unsecured Loans |
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7.330 |
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TOTAL BORROWING |
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11.302 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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11.968 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.909 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.001 |
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DEFERREX TAX ASSETS |
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0.015 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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12.401 |
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Sundry Debtors |
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53.869 |
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Cash & Bank Balances |
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2.233 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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1.014 |
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Total
Current Assets |
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69.517 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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58.152 |
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Provisions |
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0.348 |
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Total
Current Liabilities |
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58.500 |
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Net Current Assets |
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11.017 |
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MISCELLANEOUS EXPENSES |
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0.026 |
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TOTAL |
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11.968 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover (Estimated) |
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300.000 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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Debt Equity Ratio (Total Liability/Networth) |
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104.81 |
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Current Ratio (Current Asset/Current Liability) |
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1.19 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Statutory
Approvals |
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Income Tax Registration |
AAFCA6818E |
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Excise Registeration |
AAFCA6818E XD 002 |
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Name of Bank |
Ruppee Co-operative Bank |
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Current Account Number |
7189 |
Trade Reference:
- Jaylaxmi Casting and Alloy Private Limited
- R S Steel Limited
- Mukul Limited
Form 8:
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Corporate
identity number of the company |
U51109MH2006PTC160853 |
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Name of the
company |
A TO Z STEELLOYS PRIVATE
LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
29, Magazine Street, Darukhana, Near Sangam Hotel, Ready Road, Mumbai –
400004, Maharashtra, India |
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This form is for |
Creation of Charge |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
Ruppee Co-operative Bank 2062, Sadashiv Peth, Pune – 411030, Maharashtra, India |
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Nature of
instrument creating charge |
Agreement of
Hypothecation of Book debts Dated 23.05.2008 Agreement of
Hypothecation of Tangible Good/ Movable Properties Dated 23.05.2008 |
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Date of instrument
Creating the charge |
23.05.2008 |
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Amount secured by
the charge |
Rs.4.000 Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: 15.50% p.a. Terms of
Repayment: On Demand Margin: 30% Extent and
Operation of Charge: The charges
operated at security for due repayment of Credit facilities |
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Particulars of
the property charged |
Stock Situated at
29 Manganine Street, Near Sangam Darukhana, Reay Road, Mumbai 400010 and
Stock of Tools and Alloys Bars Situated and Lying at Plot No.168 4th
Lane, Darukhana, Reay Road, Mumbai - 40010 |
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Particulars of
the present modification |
NA |
Website details
Profile:
They are professionally organized firm and one of the names in Indian steel product industry engaged in the exporting of premium quality, Alloy steel, Carbon steel in Rounds, Hex-square, Flats, Billets, Circles, Rings etc. Driven by the motto of achieving the desired quality at competitive prices, they also leverage on all available resources and target business oriented approach to their business.
Empowered by an energetic team of experienced professionals who offer effective
service to bulk buyers, their services are based on client's requirements.
Their management team that comprises of experienced professionals consistently
strives to add value by providing quality product that can further enhance
their clients' business.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.34 |
|
UK Pound |
1 |
Rs.86.53 |
|
Euro |
1 |
Rs.68.54 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
|
45 |
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 |
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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 |
|
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 |
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<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 |
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