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MIRA INFORM REPORT

 

 

Report Date :            

22.04.2011

 

IDENTIFICATION DETAILS

 

Name :

P & S METALS LTD

 

 

Registered Office :

First Floor, International House, 41 The Parade, St Helier, Jersey, JE2 3QQ

 

 

Country :

Jersey (Channel Islands)

 

 

Date of Incorporation :

04.09.2002

 

 

Com. Reg. No.:

83953

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Steel Structural Manufacturers

 

RATING & COMMENTS

 

MIRA’s Rating :

 Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company 

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Jersey (Channel Islands)

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name 

 

P & S Metals Ltd

 

 

Registered Office

 

First Floor, International House, 41 The Parade, St Helier, Jersey, JE2 3QQ

Tel        0044 20 8861 0242 or 0044 79 8467 7423

Fax                                                     -

Email                                                   -

Website                                               -

 

 

Company summary

 

Legal Status

Private Limited

Foundation

04.09.2002.

Previous Names

-

Registered Number

83953

VAT Registered No

N/A

Principle Shareholders

Jayesh Haraki-Chand Shah        235,318 shares

6th Floor, Mumbai, India 400 006.

 

Pankaj Extrusions Ltd               221,526 shares

532 Arun Chambers, Tardeo Main Road, Tardeo, Mumbai, India – 400034.

Authorised Share Capital

 

Issued Capital

GBP 566,844

Current Directors

 

Mr Jayesh Shah

 

 

 

 

Company Secretary

 

Not required to be filed

 

 

 

 

Presented by

 

Principal Activities

Steel-Structural Manufacturers

Branches

None

Trading Address (not confirmed)

24-28 Athena house, Jersey, JE2 4ST

 

Address you give:

57 Bath Street, St Helier, Jersey, JE4 0PX

(This is said to be a previous registered office)

 

Employees

2

Date of Latest Accounts

-

Date of Latest Returns

01.01.2011

Annual Sales

N/A

 

 

Mortgage Charges

 

None

 

 

 

 

Remarks

No trading details are published in Jersey. This is a small undertaking there which appears to be achieving a satisfactory income from its activities.

 

 

 

Bankers

HSBC Bank PLC

Credit Rating

EUR 2,000

Credit Opinion

Should be equal to its usual trade commitments

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

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

 

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%)

 

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.