MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
TERRA FERRA SPONGE IRON PRIVATE LIMITED |
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Registered Office : |
F4, First Floor, Commercial Complex, Star Towers, Khanapur Road,
Tilakwadi, Belgaum – 590 006, Karnataka |
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Country : |
India |
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Date of Incorporation : |
15.04.2008 |
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Com. Reg. No.: |
46058 |
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CIN No.: [Company
Identification No.] |
U13100KA2008PTC046058 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Supplier of Steel Raw Material, Stainless Steel Raw
Material and Sponge Iron, Iron Ore etc. |
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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Status : |
New Company |
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Payment Behaviour : |
Unkonwn |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish track. No payment records are available. The company can be considered for any business dealings on safe and
secured trade terms and conditions, initially. |
INFORMATION PARTED
BY
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Name : |
Mohamad Siraj |
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Designation : |
Director |
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Contact No.: |
91-9986009820 |
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Date : |
13.10.2008 |
LOCATIONS
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Registered Office : |
F4, First Floor, Commercial Complex, Star Towers, Khanapur Road,
Tilakwadi, Belgaum – 590 006, Karnataka, India |
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Tel. No.: |
91-831-4201688 |
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Mobile No.: |
91-9986009820 |
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Fax No.: |
91-831-4201687 |
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E-Mail : |
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Website : |
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Area : |
1100 Sq. ft. |
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Location : |
Rented |
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Branch Office : |
B T Patil Nagar, Koppal, Karnataka, India |
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Area : |
1000 Sq. ft. |
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Location : |
Rented |
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Factory : |
Halvarthi Village, Koppal, Karnataka, India |
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Area : |
100 Acres |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Mohamad Siraj Jamadar |
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Designation : |
Director |
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Address : |
House No. 3698, A2 Darbar Galli, Belgaum – 590 002, Karnataka, India |
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Date of Birth/Age : |
28.05.1980 |
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Qualification : |
Graduate |
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Name : |
Mr. Amit Kumar Mahato |
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Designation : |
Director |
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Address : |
Sector VI A QN 1041, B S City, Bokaro – 827 012, Jharkhand, India |
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Date of Birth/Age : |
10.07.1978 |
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Qualification : |
Graduate |
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Name : |
Mr. Ryan Semelhago |
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Designation : |
Director |
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Address : |
155 A14, B-14, Vanarai Building, Tamdi Mati, Teleigao, Panji – 403
002, Goa |
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Date of Birth/Age : |
19.12.1973 |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Steel Raw Material, Stainless Steel Raw
Material and Sponge Iron, Iron Ore etc. |
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Products : |
·
Sponge Iron ·
Sponge Iron ·
Power Generation Plants ·
Iron Ore ·
Steel Raw Materials ·
Stainless Steel Raw Materials ·
Iron Ore Lump ·
Iron Ore Fine |
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Terms : |
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Selling : |
L/C – DD |
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Purchasing : |
L/C and Credit (30 days / 60 days / 90 days) |
GENERAL
INFORMATION
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Customers : |
Importer |
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No. of Employees : |
140 |
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Bankers : |
Axis Bank, Belgaum |
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Facilities : |
Packing Credit Limit Rs.20.000 millions |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Anthony Donell Chartered Accountants |
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Tel. No.: |
91-9845274420 |
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Associates/Subsidiaries : |
Duratha Promotion Private Limited Address : Goa Line of Business
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Real Estate and Developers |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT / TIN : -- |
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IEC Code : -- |
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PAN / TAN : -- |
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Bank Name : Axis Bank |
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Bank Address : Belgaum |
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Bank A/c. No.: 138010 20000 9249 |
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Account Since : 1 Years |
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In case of any affiliations / memberships / certifications : |
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Name : Karnataka Udyog Mitra |
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Type : -- |
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Expiry Date : -- |
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Trade References
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Trio Café Private Limited, Mumbai
Web Details
Established in the year 2008, Subject is
engaged in the supply of Sponge Iron, Iron Ore, Iron Ore Lump, Iron Ore Fine, Steel Raw Materials
and Stainless Steel Raw Materials. They also undertake development of power
plants such as Captive Power Plants and Power Generation Plants. They offer a
wide range of quality products that are exported to different parts of the
world.
With the help of the sales distribution
network, which is spread across the country and back up contacts, they have
successfully entered overseas markets. The competence lies in efficiently
managing the resources and providing the global clients with the best products
as and when required by the customers.
The company is growing at a fast pace under
the able leadership of our directors i.e. Mr. Mohammed Siraj, Mr. Amit Kumar
Mahato and Mr. Ryan Semelhago who have a wide experience in the industry. Their
vision and diligent efforts to lead the company have borne fruitful results in
terms of a comprehensive client base both in the domestic and international
markets. They are also supported by an efficient logistics support system that
enables them to make faster deliveries across the globe.
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 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.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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19 |
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. |
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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