MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
METALINOX INDIA |
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Registered Office : |
76, Somji Buiulding, 433, P B Road, Near Alankar Cinema, 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 : |
2002 |
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PAN No.: [Permanent
Account No.] |
ACTPC9691A |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader, Exporter and Importer of Metal Pipes, Metal Tubes, Metal
Sheets and Plates. |
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 5000 |
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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 trading concern. Trade relations are
fair. Payments are reported as slow but correct. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Manoj |
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Designation : |
Proprietor |
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Contact No.: |
91-9820398891 |
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Date : |
19.08.2008 |
LOCATIONS
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Registered Office / Factory : |
76, Somji Buiulding, 433, P B Road, Near Alankar Cinema, Mumbai – 400
004, Maharashtra, India |
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Tel. No.: |
91-22-23898582/ 66518575 |
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Mobile No.: |
91-9820398891 |
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Fax No.: |
91-22-23051229 |
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E-Mail : |
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Website : |
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Area : |
300 Sq. ft. |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Manoj |
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Designation : |
Proprietor |
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Date of Birth/Age : |
25 Years |
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Qualification : |
T.Y.B.Com |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Metal Pipes, Metal Tubes, Metal
Sheets and Plates. |
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Products : |
v Stainless Steel
Materials v Nickel and
Cupro-Nickel Alloy v High Nickel
Alloy v Stainless Steel
Pipes v Stainless Steel
Tubes v Stainless Steel
Sheets and Plates v Stainless Steel
Round Bar and Wires v Stainless Steel
Fittings v Stainless Steel
flanges v Stainless Steel
Fasteners v Non-Ferrous
Metal v Special Items
and Heat Resistant Materials |
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Exports : |
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Products : |
v Metal Pipes v Metal Tubes |
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Countries : |
v Gulf Countries v European
Countries |
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Imports : |
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Products : |
v Raw Materials |
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Countries : |
v Dubai v Singapore v South Africa |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C, (10 days) |
GENERAL
INFORMATION
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No. of Employees : |
6 |
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Bankers : |
v Bank of Baroda Grant Road, Mumbai – 400 007, Maharashtra, India |
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Facilities : |
LC and OD – Rs. 5.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P G Jain and Company Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 million (Estimated) |
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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50.000 |
Expected Sales (2008-09): Rs. 80.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Tata Chemical Limited – Mitapur, Gujarat
v Reliance Industries Limited – Jamnagar
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
METALINOX INDIA |
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Address |
76, Somji Buiulding, 433, P B Road, Near Alankar Cinema, Mumbai – 400
004, Maharashtra, India |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
ACTPC9691A |
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VAT/ TIN Registration |
27250076877V |
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Excise Registration |
ACTPC9691AX0001 |
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Name of Bank |
Bank of India |
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Current Account Number |
23576 |
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Standards and Certifications |
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Quality Management Systems |
ISO 50130 |
As Per Website Details
Introduction
Subject are professionally organized firm engaged in exporting and supplying of various stainless steel industrial products, like: Steel Pipes and Tubes, Steel Sheets and Plates, Steel Pipe Fittings, Flanges, Fasteners, Steel Round Bar and Wire and Welding Electrode etc. they also offer Nickel Alloys and Non-ferrous Metals that meet the client's varied requirements. They procure these from established manufacturers who make manufacture in accordance to international quality standards. Every product supplied by us ensures high efficiency, requires less maintenance.
They are constantly working to comprehend the needs and want the clients and source products that are engineered in accordance with their requirements. From acknowledging inquiries to following up on customer feedback or orders, they maintain open lines of communication to serve the diverse clients.
They always execute critical orders, which are as per the customer demands.
They ensure that the vendors of the products must meet specific criteria before
being selected, and are re-evaluated at least once a year to ensure continued
conformance.
In addition to this, they are one of the few exceptions to conduct regular market surveys. They also have an efficient marketing and distribution team that takes care of all logistic requirements right from order placing to order delivery.
Facilitated with world-class sourcing facilities they are geared up to meet the
competitive demands of quota free regime. Today they are one of the trusted
names when it comes to provide defect-free and premium quality industrial
products that can actually enhance the clients' business.
Products
The valuable experience has enabled us to deliver the most cost
effective industrial components to various industries that hold an authentic
name in the market and are known for their exclusive quality.
Manufactured by leading manufacturers and from premium raw materials, like: Aluminum, Gun Metal, Phosphorous Bronze, Zinc
and Lead, High Speed Steel, the
products are mechanically defect-free.
The products are supplied to
various sectors like:
v
Power Projects
v
Sugar Industries
v
Chemicals Industries
v
Petrochemicals Industries
v
Nuclear and Power Plant
v
Oil and Gas Plants
v
Shipbuilding
Integrated
Facilities
Warehouse Section: Standing on the grounds of total devotion and dedication, they are one of the leading names to have the own warehouse facility. It is one aspect that they take complete care of in terms of maintenance. Segregated in different units to store the product range categorically, they carry cleaning process from time to time.
Packaging Section:
The 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
Wide Logistic Support
They have a wide distribution network and the associations with reliable
CandF agents ensure us timely delivery of the products to the clients at any
part of the world. At the 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 the capability of transporting goods to any part of the world
within stipulated frame of time.
Manpower
Considering the manpower as the biggest asset, they are empowered with talented manpower who with their professional approach supervise all activities. Committed to meet the client's needs at competitive rates, the experienced personnel are always available to answer any queries about the products. They also possess a team of experts that is engrossed in comprehending the wants of the clients and that in turn help us to remain as a front-runner in this competition.
They also provide effective training to the personnel to keep them well aware
about the the latest developments in the area of operations. In addition to
this the experienced logistic professional team make sure that all consignments
exported to the described destination reach within the stipulated time frame.
Patrons
Known for good reputation, timely delivery and high quality products at competitive rates, they have placed them selves much ahead of the competitors. Today the products and services are well appreciated at national as well as global platform.
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 :
The 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.
The 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 |
|
US Dollar |
1 |
Rs. 44.21 |
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UK Pound |
1 |
Rs. 79.76 |
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Euro |
1 |
Rs. 64.72 |
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 |
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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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
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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