MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BHUMI IMPEX |
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Registered Office : |
192, Munara Mansion , Shop No. 6, Sant Sena Maharaj Marg, 2, Kumbherwalle
Lane, Mumbai-400 004, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2006 |
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PAN No.: [Permanent
Account No.] |
ANVPS6305H |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader and Exporter of Ferrous and Non Ferrous Metals |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
New and Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new and small concern meetings its smaller
commitments usually in time. Trade relations are fair. Business active. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Amit Shah |
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Designation : |
Proprietor |
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Contact No.: |
91-9869042111 |
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Date : |
08.07.2008 |
LOCATIONS
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Registered Office : |
192, Munara Mansion, Shop No. 6, Sant Sena Maharaj Marg, 2,
Kumbherwalle Lane, Mumbai-400 004, Maharashtra, India |
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Tel. No.: |
91-22-23891757 / 66518602 / 66109662 |
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Mobile No.: |
91-9869042111 (Mr. Amit Shah) |
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Fax No.: |
91-22-66362433 |
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E-mail : |
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Website : |
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Area : |
150 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Amit Shah |
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Designation : |
Proprietor |
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Date of Birth/Age : |
29 years |
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Qualification : |
B. Com |
BUSINESS DETAILS
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Line of Business : |
Trader and Exporter of Ferrous and Non Ferrous Metals |
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Products : |
· Stainless Steel / Carbon Steel / Alloy Steel / Copper · Brass · Cupro Nickle · Nickel and Nickel Alloy Pipe-Fittings / Forged Pipe Fittings / Alloy Forged Pipe Fittings · Flanges · Fasteners · Pipes · Plates · Sheets · Coils · Strips · Bars · Rods and all other Ferrous and Non-Ferrous Metals. |
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Exports : |
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Products : |
Ferrous and Non Ferrous Metals |
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Countries : |
All over the world |
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Terms : |
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Selling : |
Depends on client |
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Purchasing : |
Credit (30 - 90 days) |
GENERAL
INFORMATION
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No. of Employees : |
3 |
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Bankers : |
State Bank of India Address : Grant Road, Mumbai – 400 007, Maharashtra, India |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
Mr. Amit Galani Chartered Accountants |
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Tel. No.: |
91-9820197550 |
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Associates/Subsidiaries : |
Jammu Enterprises Address :192, Munara Mansion , Shop No. 6,
Sant Sena Maharaj Marg, 2, Kumbherwalle Lane, Mumbai, Maharashtra, India Activity: Trader and Exporter of Ferrous and Non Ferrous Metals |
CAPITAL STRUCTURE
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Capital Investment : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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11.000 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART:-
|
Parameters |
Detail |
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Name |
Bhumi Impex |
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Phone / Mobile Numbers |
91-9869042111 |
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Statutory Approvals |
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VAT / TIN Registration |
27980570448 V |
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Import Export Code |
030608113937 |
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Current account Number |
002320110000206 |
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Account Since |
2006 |
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Creditability Factors |
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India Mart Client Since |
2 years |
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Years of Establishment |
2006 |
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Standards and Certifications |
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Quality Management Systems |
ISO - 9001 : 2000 (PCMSQMS1253-2008) |
TRADE REFERENCES:-
· Aberdeen, UK
· Sanket Engering, Ahmedabad, Gujarat, India
· Impex Coating Private Limited, Pune , Maharashtra, India
OBSERVATION POINTS:-
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Name Board |
: |
Sighted |
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Visibility of Name board |
: |
High |
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Location |
: |
Difficult |
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Landmark (if any) |
: |
Ground Floor |
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Locality |
: |
Office |
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Approximately Market Value of premises |
: |
400 |
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Visibility of items |
: |
Telephone |
WEBSITE DETAILS:-
Concern Profile
The concern is a part of “Bhumi Group, Mumbai” is a well equipped
company both technically and commercially to under their services to it's
valued customers. At present subject has acquired sufficient expertise,
sophistication in this field.
Subject has proved itself as one of the most reputed Stockiest,
Suppliers, and Exporters of:
· Stainless Steel / Carbon Steel / Alloy Steel / Copper
· Brass
· Cupro Nickle
· Nickel and Nickel Alloy Pipe-Fittings / Forged Pipe Fittings / Alloy Forged Pipe Fittings
· Flanges
· Fasteners
· Pipes
· Plates
· Sheets
· Coils
· Strips
· Bars
· Rods and all other Ferrous and Non-Ferrous Metals.
Quality
To
keep the quality of materials to the international standards they have well
qualified Quality Control Manager. According to the Special requirement of
overseas customers all the materials will undergo additional testing in
Government Approved Laboratories despite the availability of Mill Test
Certificate.
Warehouse Section:
They are one of the leading names to have their own warehouse facility.
It is one aspect that they take complete care of in terms of maintenance.
Segregated in different units to store their product range categorically, they
carry cleaning process from time to time.
Packaging Section:
Their packaging section is well furnished with latest machineries to
deliver safe and defect free products. They pack products in sturdy cartons and
carry bags to ensure its complete safety. They take care that minimum damage is
done while loading and unloading of the consignment to the final destination.
In addition to this they are also one of the few leading firms to provide
customized packaging depending on the kind of product and its dimension.
They have a wide distribution network and their associations with
reliable C and F agents ensure us timely delivery of their products to their
clients at any part of the world. At their premise, all shipping is calculated
based on the volume and weight of the product and the region it has to be
delivered. They also examine the incoming documents for accuracy and maintain
vigil on quota prices. Today they have been able to develop a strategic
offshore presence due to their capability of transporting goods to any part of
the world within stipulated frame of time.
Industries they Serve
They offer a wide range of pipes, tubes, butt weld fittings, forged pipe
fittings, olets, stainless steel butt weld fittings, flanges, plates, sheets,
round bars and other hardware products. All their products are designed to
provide performance consistency and reliability even in very demanding
operational environments. Apart from standard range, they also provide
customized products as per varied industrial requirements. Their products find
applications in following industries
Petroleum
Refineries
They offer a wide range of metal products for high demanding petroleum
refineries. The petroleum industry requires precision components for its highly
automated and technically advanced processes. Using best manufacturing
techniques, computer-aided designing and extensive testing, they ensure high
precision of their products designed for petroleum industries. The main
features of their products are as follows :
· Chemical resistance
· High compressive strength (essential in high pressures)
· Thermal resistance
· High diffusive leak tightness
· Conform to international safety standards
Electric Power
Plants
Their range of hardware products finds precision applications in the
electricity and power generation sector. In addition to this, all these
products are also being utilized in the production processes of semiconductors,
computers, monitors and other electronic devices.
They impart special attention towards corrosion resistance, durability,
compressive strength and tensile strength, while manufacturing products for
electrical processes and instrumentation. This way, their components ensure:
· Static/dynamic operational problems eradication
· Operational efficiency enhancement
· Plant downtime reduction
· Operational safety improvement
Food Processing Plants
They manufacture a wide range of components and fittings that are used
in food processing plants. As safety and purity are key elements in food and
beverages sector, they adhere to the highest quality standards to manufacture
all these components. All their products are designed to ensure optimum
performance, flawless operation and excellent output. Moreover, they also
design customized components for those processing plants designed for a
particular food type. Besides this, they assist in installation facility and
after sale services.
Nuclear Plants
Safety is the most important concern for nuclear power sector, as most
of its machines are technically advance and sophisticated. Nuclear plants
always choose best of the best materials to use in its machinery. They offer a
wide range of fittings, components and other hardware products that are used
with nuclear plants.
Besides this, they also assist in the installation of these components. All
their products feature sustainability against high temperature as well as
resistance against abrasive environmental conditions. The components retain the
essential lubricants that flow through them consistently.
Pharmaceutical Industries
They offer a comprehensive range of hardware products for medical
devices, scientific instruments and pharmaceutical plants. Their products are
thoroughly tested by employing rigorous quality checks to ensure hassle-free
performance. All their products are designed for easy cleaning and efficient
draining.
Extensive R and D programs are the integral part of pharmaceutical industry.
The R and D functions require high-tech laboratories along with a complete line
of testing instruments and equipment. They offer high quality products that can
be used with various research and development machinery.
Ship Building
They supply a wide range of hardware products that are used in ship
building, off-shore construction, shipyards and marine equipment. All their
products are designed to provide durability, smooth operation and robustness,
which are the determining qualities for the components used in ship production
process. Apart from it, their products possess excellent ductility,
flexibility, tensile strength and elongation. Made of high quality materials,
all these products can sustain friction and corrosion for many years.
Sewage Treatment
They manufacture a wide range of products that are used in sewage
treatment plant. Besides this, they also offer installation and
after-sales-services. Sewage treatment requires highly efficient components
that can resist physical, chemical and biological corrosion caused by sewage
contaminants. Low maintenance is another prime requirement.
Their products are specifically designed to ensure abrasion and chemical
resistance required for wastewater processing and river intake duties. All the
sewage treatment products are tested rigorously to ensure leak-tight
connections.
Paper Mills
Paper mills comprise of several production machines, which require
consistent maintenance to ensure high productivity. Timely maintenance is also
mandatory to meet stringent environmental regulations. It is very important for
all the paper production machines to be in good condition all the time.
They offer a wide range of hardware products, which ensure hassle-free
operation of paper mills. All their products have excellent resistance to
abrasive media, hot slurries and caustic compounds. Apart from this, their
products minimize the chances of expensive potential leaks, which is among
prime strategic factors in paper production.
Textile Industry
They supply a comprehensive range of hardware products for textile
industry, which are used with highly technical manufacturing plants. Besides
this, they provide installation assistance as per clients requirements. They
also provide customized production facility to fulfill distinct requirements of
textile industries.
All the products are manufactured after taking the entire specifications into
the consideration. They offer reliable products that ensure hassle-free running
of textile production units. All their products require less maintenance as
they are corrosion resistance.
Machinery Fabrication
Machinery fabrication sector requires highly demanding operational
requirements. The main concern for this sector is maintenance cost. Their
products' sophisticated designing makes them suitable for extremely challenging
operational environments of machinery fabrication.
They offer a wide range of hardware products for machinery fabrication sector,
which are corrosion and maintenance free. Besides this, these products are
easy-to-install and better performing. Moreover, their highly advanced
hydraulic products provide optimum performance for almost entire applications
of machinery fabrication.
Chemical Industry
They supply a wide range of products that are used in diverse processes
and applications of chemical industry. Their products are able to meet clinical
safety with ease, which is very important for chemical industry. These products
feature operational flexibility for changing application areas, which improve
processing methods. All their products possess strong chemical resistance. In
addition to this, these products endure high temperatures and pressures.
Dairy Plant
Dairy plants from public, cooperative and private sectors use high-tech
machines to process and pack dairy products. For this sector, there is an
increasing demand of highly specialized machineries. They offer a wide range of
hardware products, which are used for basic as well as high-tech dairy plants.
Made of high-quality food grade material, their products provide effective
solutions to increase the output of these plants. They manufacture products
that are exactly in tune with the varied requirements of the dairy plants so
that there is no hampering or malfunctioning of the process flow.
Other Applications
In addition to the above mentioned industries, their products are also
utilized in following industries :
· Automobiles
· Heat Exchangers and Condensers
· Chilling Plants
· Sugar Mills
· Railways
· Thermocouples
· Instrumentation
· Heating Elements
· Architectural Applications
· Fertilizer Plants
· Desalination Plants
· Submersible Pumps
· Water Pipelines
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.43.16 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
31 |
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 |
|
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 |
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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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