MIRA
INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PRABHAT STEEL TRADERS PRIVATE LIMITED |
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Registered Office : |
Plot NO. 61-A, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
02.04.2007 |
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Com. Reg. No.: |
169524 |
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Capital Investment / Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company
Identification No.] |
U52599MH2007PTC169524 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP23653A |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Importer and
Trader of Iron and Steel |
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No. of Employees: |
90 (In office 10+In Factory 80) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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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 257892 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established
company having satisfactory track. Directors are reported as experienced,
respectable and resourceful businessmen. Their trade relations are fair.
Financial position is good. Payments are usually correct and as per
commitments. The company can
be considered good for your proposed business dealings at usual trade terms
and conditions. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Vikas |
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Designation : |
Account Manager |
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Contact No.: |
91-22-23722477 |
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Date : |
05.12.2011 |
LOCATIONS
|
Registered Office : |
Plot NO. 61-A, |
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Tel. No.: |
91-22-23722477 |
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Fax No.: |
91-22-23710191 |
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E-Mail : |
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Location : |
Owned |
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Warehouse: |
Disma Complex,
Kalamboli, Mumbai – 410218, Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Girish Satishchandra Jain |
|
Designation : |
Director |
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Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
03.02.1962 |
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Date of Appointment : |
02.04.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U70109WB1995PTC074524 |
KALPATARU PROPERTIES
PVT.LTD. |
Director |
29/08/2002 |
29/08/2002 |
- |
Active |
NO |
|
2 |
U27100MH2005PTC152340 |
SAVERA INDIA RIDING
SYSTEMS COMPANY PRIVATE LIMITED |
Director |
31/03/2005 |
31/03/2005 |
- |
Active |
NO |
|
3 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
02/04/2007 |
02/04/2007 |
- |
Active |
NO |
|
Name : |
Mrs. Leena Girish Jain |
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Designation : |
Director |
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Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
23.10.1964 |
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Date of Appointment : |
02.04.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
02/04/2007 |
02/04/2007 |
- |
Active |
NO |
|
Name : |
Mr. Satishchandra Pukhraj Jain |
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Designation : |
Executive Director |
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Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
04.01.1938 |
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Date of Appointment : |
30.09.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
30/09/2008 |
01/08/2007 |
- |
Active |
NO |
|
Name : |
Mrs. Sushama Satish Jain |
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Designation : |
Executive Director |
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Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
28.02.1944 |
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Date of Appointment : |
30.09.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U70109WB1995PTC074524 |
KALPATARU PROPERTIES
PVT.LTD. |
Director |
29/08/2002 |
29/08/2002 |
- |
Active |
NO |
|
2 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
30/09/2008 |
01/08/2007 |
- |
Active |
NO |
|
Name : |
Mr. Karan Girish Jain |
|
Designation : |
Executive Director |
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Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
10.02.1987 |
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Date of Appointment : |
30.09.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
30/09/2008 |
01/08/2007 |
- |
Active |
NO |
|
Name : |
Mr. Kunal Girish Jain |
|
Designation : |
Executive Director |
|
Address : |
18 Girnar Apartments, |
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Date of Birth/Age : |
01.09.1989 |
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Date of Appointment : |
30.09.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U52599MH2007PTC169524 |
PRABHAT STEEL TRADERS
PRIVATE LIMITED |
Director |
30/09/2008 |
17/01/2008 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vikas |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Girish Satishchandra Jain |
|
125000 |
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Mr. Girish Satishchandra Jain (HUF) As a Karta of HUF |
|
25000 |
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Mr. Satishchandra P. Jain |
|
25000 |
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Mr. Satishchandra P. Jain (HUF) As a Karta of HUF |
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125000 |
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Mrs. Sushama Jain |
|
150000 |
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Mrs. Leena Jain |
|
25000 |
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Mr. Karan Jain |
|
25000 |
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Total |
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500000 |
AS ON 30.09.2011
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and
Trader of Iron and Steel |
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Products : |
Item Code No.
(ITC Code) |
Product
Description |
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72071990 |
M S Steel |
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72089000 |
Structural Steels, Steels and Coil |
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Imports : |
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Products : |
Iron and
Steel |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30 days, 60 days) |
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Purchasing : |
L/C, Cash, Credit (30 days, 60
days) |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
90 (In office 10+In Factory 80) |
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Bankers : |
·
Union Bank of India, Oversea Branch, Union Bank Bhavan,
239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021, Maharashtra, India ·
Punjab National Bank, Forshore Road Branch,
Raheja Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N. G. Jain and
Company Chartered
Accountants |
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Address : |
320, Hammersimth Industrial Estate, Narayan Pahare Marg, Mahim, Mumbai – 400001, |
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Tel. No.: |
91-22-24440716 / 24440564 |
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E-Mail : |
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Pan No.: |
AAEFN6344G |
CAPITAL STRUCTURE
AS ON 21.08.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Share |
Rs.10/- Each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Share |
Rs.10/- Each |
Rs.5.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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|
31.03.2011 |
|
Sales Turnover (Approximately) |
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|
1500.000 |
Expected Sales (2011-2012) : Rs.2000.000 Millions
The above information has been parted by Mr. Vikas (Accounts Manager)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
59.473 |
26.791 |
9.450 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
64.473 |
31.791 |
14.450 |
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LOAN FUNDS |
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1] Secured Loans |
311.008 |
160.414 |
123.357 |
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2] Unsecured Loans |
88.034 |
52.738 |
42.314 |
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TOTAL BORROWING |
399.042 |
213.152 |
165.671 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
463.515 |
244.943 |
180.121 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.090 |
2.431 |
1.913 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.006 |
0.006 |
0.006 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
147.846
|
7.014 |
35.387 |
|
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Sundry Debtors |
284.427
|
134.953 |
93.441 |
|
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Cash & Bank Balances |
137.187
|
125.547 |
63.713 |
|
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Other Current Assets |
21.391
|
7.200 |
11.681 |
|
|
Loans & Advances |
60.403
|
14.402 |
4.961 |
|
Total
Current Assets |
651.254
|
289.116 |
209.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
156.317
|
31.489 |
25.304 |
|
|
Other Current Liabilities |
33.629
|
15.248 |
5.820 |
|
Total
Current Liabilities |
189.946
|
46.737 |
31.124 |
|
|
Net Current Assets |
461.308
|
242.379 |
178.059 |
|
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|
MISCELLANEOUS EXPENSES |
0.111 |
0.127 |
0.143 |
|
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TOTAL |
463.515 |
244.943 |
180.121 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
|
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TOTAL (A) |
1336.167 |
926.730 |
533.440 |
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Less |
EXPENSES |
|
|
|
|
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TOTAL (B) |
1277.317 |
892.256 |
514.125 |
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION(A-B) (C) |
58.850 |
34.474 |
19.315 |
|
|
|
|
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|
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Less |
FINANCIAL
EXPENSES (D) |
8.313 |
7.328 |
0.399 |
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.537 |
27.146 |
18.916 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.494 |
0.463 |
4.310 |
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PROFIT BEFORE
TAX (E-F) (G) |
50.043 |
26.683 |
14.606 |
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Less |
TAX (I) |
17.325 |
9.342 |
5.156 |
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PROFIT AFTER TAX
(G-I) (J) |
32.714 |
17.341 |
9.450 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.791 |
9.450 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
59.505 |
26.791 |
9.450 |
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|
Earnings Per
Share (Rs.) |
65.42 |
34.77 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.45 |
1.87 |
1.77 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.66 |
9.15 |
6.92 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.77 |
0.84 |
1.01 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
9.14 |
8.17 |
13.62 |
|
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Current Ratio (Current Asset/Current Liability) |
|
3.43 |
6.19 |
6.72 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
No |
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16) Details of sister concerns |
-- |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U52599MH2007PTC169524 |
|
Name of the company |
PRABHAT STEEL
TRADERS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. 61-A, |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Any interest in immovable property Book Debts Movable Property Others |
|
Particular of charge holder |
PUNJAB NATIONAL BANK |
|
Nature of instrument creating charge |
Working Capital Facility Agreement For
Rs.300.000 Millions. Memorandum For Creation Of Equitable
Mortgage For Rs.300.000 Millions. Agreement To Mortgage For Rs.300.000
Millions. Deed Of Hypothecation For Rs.300.000 Millions. (All The Above Documents Constitute Single
Charge Of Rs.300.000 Millions. |
|
Date of instrument Creating the charge |
14.02.2011 |
|
Amount secured by the charge |
Rs.300.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Commision As Per Fedai Rules- As Per Banks
Policy Subject To Change From Time To Time. Terms of Repayment 180 days from the date of shipment. Margin 25% cash margin in the form of FDRs. Extent and Operation of the charge Rs.300.000 millions And Operation Of
Charge On All Hypothecated Assets Including Shipping Documents(Da/Dp)
Covering Imported Raw Material/Stores/Spares , Stocks And Book Debts And
Immovable Properties At Plot No.398 ,Road No.3, Sector No.Kwc, At Kalamboli,
Navi Mumbai And Plot No.399 ,Road No.3, Sector No.Kwc, At Kalamboli, Navi
Mumbai . |
|
Short particulars of the property charged |
All Hypothecated Assets Including Shipping
Documents(Da/Dp) Covering Imported Raw Material/Stores/Spares , Stocks And
Book Debts. Plot No.398 ,Road No.3, Sector No.Kwc, At Kalamboli, Navi Mumbai
Plot No.399 ,Road No.3, Sector No.Kwc, At Kalamboli, Navi Mumbai . |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10087870 |
|
Corporate
identity number of the company |
U52599MH2007PTC169524 |
|
Name of the
company |
PRABHAT STEEL TRADERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot NO. 61-A, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Union Bank of Oversea Branch, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman
Point, Mumbai – 400021,
Maharashtra, India E-mail : overseasmumbai@unionbankofindia.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
to composite hypothecation deed |
|
Date of
instrument Creating the charge |
12.03.2009 |
|
Amount secured by
the charge |
Rs.420.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Import / Inland
LC DP / DA Max 180 days usual Cash credit
(hypothecation) BPLR+2.50% per annum with monthly rests Terms of
Repayment On demand Margin As per sanction
terms Extent and
Operation of the charge To secure various
facilities aggregating to Rs.420.000 millions granted by the bank to the
company as under :
|
|
Short particulars
of the property charged |
The borrower
hereby aggress that the charge created on the hypothecated property and book
debts dated: 20.11.2007 shall be further extended and shall also be continuing
security for further aggregate limit of Rs.420.000 millions |
|
Date of latest
modification prior to the present modification |
07.05.2008 |
|
Corporate
identity number of the company |
U52599MH2007PTC169524 |
|
Name of the
company |
PRABHAT STEEL
TRADERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 61-A, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
UNION BANK OF |
|
Nature of
instrument creating charge |
Supplemental Deed
to Composite Hypothecation Deed |
|
Date of instrument
Creating the charge |
10/11/2009 |
|
Amount secured by
the charge |
Rs.520.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Inland LC /
Import LC DP/DA Max 180 days Usual Cash Credit
(Hypothecation) BPLR+2.50% per annum with monthly rests Terms of
Repayment On Demand Extent and
Operation of the charge To secure various
Revised Facilities aggregating to Rs.520.000 millions granted by the Bank to
the Company as under:- 1. Inland LC /
Import LC DP/DA Max 180 days Rs.500.000 millions 2. Cash Credit
(Hypothecation) Rs.20.000 millions Total Aggregating
Rs.520.000 millions |
|
Short particulars
of the property charged |
The Borrower
hereby agrees that the Charge created on the Hypothecated Property and
Book-Debts dated 12/03/2009 shall be further extended and shall also be a
continuing security to secure the further Aggregating limit of Rs.520.000
millions. |
|
Date of
instrument modifying the charge |
12/03/2009 |
|
Particulars of
the present modification |
Vide this
modification an additional sum of Rs.100.000 millions has been granted by the
Bank thereby enhancing the Charge amount from Rs.420.000 millions to
Rs.520.000 millions and The Borrower hereby agrees that the Charge created on
the Hypothecated Property and Book-Debts dated 12/03/2009 shall be further
extended and shall also be a continuing security to secure the further
Aggregating limit of Rs.520.000 millions. |
Fixed Assets :
- Air Conditioners
- Computer
- Disma Office
- Fax Machine
- Furniture
- Motor Car
- Paper Shredder
- Plot at Kalamboli
- Xerox Machine
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.43 |
|
|
1 |
Rs.71.37 |
|
Euro |
1 |
Rs.61.92 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.