MIRA INFORM REPORT
|
Report Date : |
29.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ARIHANT STEEL EXPORT |
|
|
|
|
Registered Office : |
55, 5th Kumbharwada, Mumbai – 400 004, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Date of Incorporation : |
17.10.2006 |
|
|
|
|
IEC No.: |
0306061856 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AANFA2557K |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability company. |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Importer of various Stainless Steel
Products. |
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 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established traders. Trade relations are fair.
Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Kalpesh Bokadia |
|
Designation : |
Partner |
|
Contact No.: |
91-9870221042 |
|
Date : |
27.09.2008 |
LOCATIONS
|
Registered Office : |
55, 5th Kumbharwada, Mumbai – 400 004, Maharashtra, India |
|
Tel. No.: |
91-22-23850025 / 23892237 |
|
Mobile No.: |
91-9821046542 / 9867688530 |
|
Fax No.: |
91-22-23851763 |
|
E-Mail : |
|
|
Area : |
Above 650 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Godown : |
3/4, Bhoir Compound, Bhiwandi Dist., Thane – 421 302, Maharashtra,
India |
|
Area : |
2000 Sq. ft. |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Kalpesh Bokadia |
|
Designation : |
Partner |
|
Address : |
Gora Gandhi Place, B Wing, R No. 102, 1st Floor, 8th
Khetwadi, Back Road, Mumbai – 400 004, Maharashtra, India |
|
Date of Birth/Age : |
25 Years |
|
Qualification : |
B.Com. |
|
Tel No.: |
91-22-23803988 |
|
|
|
|
Name : |
Mr. Narpat P Bokadia |
|
Designation : |
Partner |
|
Address : |
Gora Gandhi Place, B Wing, R No. 102, 1st Floor, 8th
Khetwadi, Back Road, Mumbai – 400 004, Maharashtra, India |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
B.Com. |
|
Tel No.: |
91-22-23803988 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of various Stainless Steel
Products. |
|
|
|
|
Products : |
·
Stainless Steel Angle ·
Stainless Steel T-Angle ·
Stainless Steel TMT/CTD Bars ·
Stainless Steel Bright Bars ·
Stainless Steel I Beam ·
Stainless Steel Sheets ·
Stainless Steel Section ·
Stainless Steel Fitting ·
Stainless Steel U Channel ·
Stainless Steel Pipes and Tubes |
|
|
|
|
Exports : |
|
|
Products : |
Various Steel Products |
|
Countries : |
·
Gulf Countries ·
China |
|
|
|
|
Imports : |
|
|
Products : |
Various Steel Products |
|
Countries : |
·
Malaysia ·
USA ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cash |
|
|
|
|
Purchasing : |
D.P. (Document against payments) |
GENERAL
INFORMATION
|
Customers : |
·
Wholesalers ·
Facor Steel ·
Mukund Limited ·
Stainless International |
|
|
|
|
No. of Employees : |
10 |
|
|
|
|
Bankers : |
ABN Amro Bank Fort, Mumbai – 400 023, Maharashtra, India |
|
|
|
|
Facilities : |
The concern does not enjoy facility from it’s bank. |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Subhash Trivedi Chartered Accountants |
|
Address : |
Mumbai |
|
|
|
|
Associates/Subsidiaries : |
Arihant Steel Enterprises |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
|
|
Borrowed : |
- |
|
Total : |
Rs.2.000 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover |
|
|
100.000 |
Expected Sales (2008-09) : Rs.110.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
|
Parameters |
Details |
|
|
|
|
Existence Verification |
|
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Partnership Firm |
|
Income Tax Registration |
AANFA2557K |
|
VAT/ TIN Registration |
27570580325V dated 21.12.2006 |
|
Excise Registration |
AANFA2557K XD 001 |
|
Name of Bank |
ABN Amro Bank |
|
Current Account Number |
1269746 |
|
Account Since |
3 Years |
|
|
|
|
Credibility Factors |
|
|
IndiaMART Client Since |
1 Year |
Web Details
The company was incepted in the year of 1990 and since then they are into the
business of manufacturing, exporting and importing various stainless steel
bright bar, stainless steel u channel, stainless steel , i beam ,
section , channel and other products. All the products can be custom
produced, in conformation to client’s specific requirements. Used in various
industries, the products are stocked in well equipped warehouses located in
Dubai and Singapore. This enables them to deliver the products directly to the
customers, without any un-required delay.
Under the capable guidance of the CEO, Mr N. Bokadiya they have crossed many
landmarks in our business. They possess a team of professionals who have
expertise in their specific field of work. They enable them to fulfill specific
demands of the clients effectively and within the stipulated time frame. They
also package the consignments as per clients' specifications.
Products Catalogue
To ensure unmatched quality and durable
performance of the products, they use qualitative materials such as scrap,
steel and mild steel in their production. The wide range includes stainless steel channel, CTD bars, sheet,
coil and plates, I beam, section, fitting, T-angle, bright bars, L-angle and
pipes and tube. The technically advanced range of pipes and tubes are
globally acknowledged for their features of:
- Durability
- Corrosion
resistance
- Dimensional
accuracy
- Free from
leakage
- Long service
life
Apart from offering them in standard designs,
the entire range is easily customizable to suit clients’ requirements. They
also custom package the products as per clients' demands.
Industries Catered
The wide spectrum of industrial and
household utile products is used in various industries such as:
- Engineering
- Automobile
- Chemicals
- Fats and
fertilizers
- Sugar mills
and distilleries
- Cement
- Ship building
- Paper
- Pumps
- Petrochemicals
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.46.43 |
|
UK Pound |
1 |
Rs.85.38 |
|
Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|
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 |
|