1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
Principal Name 1 |
Mr. Pravin Pranlal Mehta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjiv Pravin Mehta |
|
|
|
Registration # |
11-147842 |
|
Street Address |
406, Giriraj, |
||
|
Established Date |
04.08.2004 |
SIC Code |
-- |
|
Telephone# |
91-22-23445445 / 6 / 3 / 2348 0445 |
Business Style 1 |
Trader |
|
Fax # |
91-22-23436928 / 2348 6928 |
Business Style 2 |
Exporter and importer |
|
Homepage |
Product Name 1 |
Ferrous |
|
|
# of employees |
80 (In Office 50) (In Factory 22) |
Product Name 2 |
Boiler Quality Plates |
|
Paid up capital |
Rs.
9,000,000/- |
Product Name 3 |
Alloy Steel Plate |
|
Shareholders |
Directors or relatives of directors 100.00 % |
Banking |
Union Bank of |
|
Public Limited Corp. |
NO |
Business Period |
7 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation |
Country
|
Company
Name |
CEO |
|
Associates |
|
Mesco Steel (Partnership Firm) |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,280,523,000 |
Current Liabilities |
3,723,698,000 |
|
Inventories |
1,241,357,000 |
Long-term Liabilities |
449,064,000 |
|
Fixed Assets |
295,945,000 |
Other Liabilities |
1,472,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,174,234,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
634,591,000 |
|
|
|
Net Worth |
643,591,000 |
|
Total Assets |
4,817,825,000 |
Total Liab. & Equity |
4,817,825,000 |
|
Total Assets (Previous Year) |
3,606,590,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
8,186,100,000 |
Net Profit |
219,688,000 |
|
Sales(Previous yr) |
10,462,175,000 |
Net Loss (Prev.yr) |
608,957,000 |
MIRA
INFORM REPORT
|
Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
|
|
|
|
Registered Office : |
406, Giriraj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
04.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-147842 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.000 Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U27101MH2004PTC147842 |
|
|
|
|
TAN No.: [Tax Deduction
& Collection Account No.] |
MUMS45609E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAAFS1089F |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Trader, exporter and importer of ferrous and non ferrous metals. |
|
|
|
|
No. of Employees : |
80 (In Office 50) (In Factory 22) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2570000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered for normal 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/Factory : |
406, Giriraj, |
|
Tel. No.: |
91-22-23445445 / 6 / 3 / 2348 0445 [5 Lines] |
|
Fax No.: |
91-22-23436928 / 2348
6928 |
|
E-Mail : |
|
|
Web Site: |
|
|
Location: |
Leased |
|
|
|
|
Warehouse 1 : |
L-5 Taloja Industrial Area, MIDC, Taluka- Panvel, District – Raigad, |
|
Location: |
Owned |
|
|
|
|
Warehouse 2 : |
1425/1426/1427 Kalamboli Warehouse Complex, Kalamboili, Navi Mumbai –
410 218, |
|
Location: |
Owned |
|
|
|
|
Branches: |
Located At:
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Chinubhai Himmatlal Shah |
|
Designation : |
Director |
|
Address : |
31, Anupam, 11, |
|
Date of Birth/Age : |
13.03.1936 |
|
Qualification : |
SSC |
|
Date of Appointment : |
04.08.2004 |
|
|
|
|
Name : |
Mr. Pravin Pranlal Mehta |
|
Designation : |
Director |
|
Address : |
Flat No. 14, 2nd Floor, Nirmala Mahal, 12A |
|
Date of Birth/Age : |
31.08.1935 |
|
Qualification : |
SSC |
|
Date of Appointment : |
04.08.2004 |
|
|
|
|
Name : |
Mr. Sanjiv Pravin Mehta |
|
Designation : |
Director |
|
Address : |
Flat No. 14, 2nd Floor, Nirmala Mahal, 12A |
|
Date of Birth/Age : |
14.12.1963 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.08.2004 |
|
|
|
|
Name : |
Mr. Dharmesh Chinubhai Shah |
|
Designation : |
Director |
|
Address : |
31, Anupam, 11, |
|
Date of Birth/Age : |
25.06.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.08.2004 |
|
E-Mail: |
|
|
|
|
|
Name : |
Mr. Rajesh Chinubhai Shah |
|
Designation : |
Director |
|
Address : |
31, Anupam, 11, |
|
Date of Birth/Age : |
10.07.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.08.2004 |
|
E-mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2010
|
Names of Shareholders |
|
No. of Shares |
|
Chinubhai Himmatlal Shah |
|
72000 |
|
Chinubhai Himmatlal Shah |
|
72000 |
|
Pravin Pranlal Mehta |
|
135000 |
|
Sanjiv Pravin Mehta |
|
135000 |
|
Rajesh Chinubhai Shah |
|
153000 |
|
Dharmesh Chinubhai Shah |
|
153000 |
|
Ranjanbala Pravin Mehta |
|
90000 |
|
Heena Sanjiv Mehta |
|
90000 |
|
|
|
|
|
Total |
|
900000 |
As on 30.09.2010
|
Category |
|
Percentage of Holding |
|
|
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, exporter and importer of ferrous and non ferrous metals. |
|
|
|
|
Products : |
·
Ferrous ·
Non - Ferrous Metal ·
Boiler Quality Plates ·
High Tensile Steel Plate ·
Alloy Steel Plate ·
Mild Steel Products ·
HR Coils |
GENERAL INFORMATION
|
No. of Employees : |
80 (In Office 50) (In Factory 22) |
|
|
|
|
Bankers : |
v
Union
Bank of v
Bank
of v
Bank
of v ICICI Bank v Central Bank of
India, Corporate Finance Branch, 1st Floor, M.M.O Building, M G
Road, Fort, Mumbai-400 023, Maharashtra, India. v Standard Chartered Bank, 23-25 M G Road, Mumbai -400 001, v Bank of v ABN Amro Bank, N.V, 74 Sakhar Bhavan, 7th
Floor, Nariman Point, Mumbai-400021, |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H M Mody and Company Chartered Accountant |
|
Address : |
12, |
|
Tel. No.: |
91-22-22046924 |
|
Fax No.: |
91-22-22873255 |
|
|
|
|
Associates/Subsidiaries : |
· Mesco Steel (Partnership Firm) Address:
406, Giriraj, · Peace Fort Chemical India Engineering Private Limited Address: Worli,
Mumbai, |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital : Rs. 15.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.14.350 millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs.10/- each |
Rs.9.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.000 |
9.000 |
9.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
634.591 |
179.903 |
788.873 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
643.591 |
188.903 |
797.873 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
261.564 |
399.062 |
126.913 |
|
|
2] Unsecured Loans |
187.500 |
213.125 |
196.345 |
|
|
TOTAL BORROWING |
449.064 |
612.187 |
323.258 |
|
|
DEFERRED TAX LIABILITIES |
1.472 |
1.142 |
1.103 |
|
|
|
|
|
|
|
|
TOTAL |
1094.127 |
802.232 |
1122.234 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
295.945 |
56.278 |
46.904 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1241.357
|
1420.313 |
2331.587 |
|
|
Sundry Debtors |
2291.042
|
1383.610 |
1548.945 |
|
|
Cash & Bank Balances |
603.147
|
341.788 |
583.448 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
386.334
|
404.565 |
327.296 |
|
Total
Current Assets |
4521.880
|
3550.276 |
4791.276 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
3559.895
|
2535.550 |
3447.174 |
|
|
Provisions |
163.803
|
268.808 |
268.808 |
|
Total
Current Liabilities |
3723.698
|
2804.358 |
3715.982 |
|
|
Net Current Assets |
798.182
|
745.918 |
1075.294 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.036 |
0.036 |
|
|
|
|
|
|
|
|
TOTAL |
1094.127 |
802.232 |
1122.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8186.100 |
10462.175 |
9448.024 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
8186.100 |
10462.175 |
9448.024 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
7442.329 |
9127.590 |
9898.538 |
|
|
|
Administration and other expenses |
189.477 |
950.012 |
290.643 |
|
|
|
Preliminary expenses written off |
0.036 |
0.000 |
0.036 |
|
|
|
Increase / decrease in stock |
178.956 |
911.274 |
(1196.338) |
|
|
|
TOTAL (B) |
7810.798 |
10988.876 |
8992.879 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
375.302 |
(526.701) |
455.145 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES/ INTEREST CHARGES
(D) |
109.022 |
77.021 |
64.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
266.280 |
(603.722) |
390.579 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.518 |
5.196 |
5.163 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
259.762 |
(608.918) |
385.416 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
40.074 |
0.039 |
133.662 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
219.688 |
(608.957) |
251.754 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
552.873 |
301.120 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.000 |
0.014 |
552.873 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
244.10 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.68
|
(5.82) |
2.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.39
|
(16.88) |
7.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
3.22 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.48
|
18.09 |
5.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.26 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Name of the company |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
|
Presented By |
ABN AMRO BANK N.V
AND SHAH
BROTHERS ISPAT PRIVATE LIMITED |
|
1) Date and description of instrument creating the change |
Dated 2nd
June 2005, Facility-cum-hypothecation
agreement. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
INR 250.000
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Exclusive charge
over specific stocks and receivable financed/to be financed under the
financial facilities availed from the ABN Amro Bank N.V. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The company shall
pay all rents, rates, taxes, outgoings and other charges in respect of
godowns and other premises in which the hypothecated assets are stored or may
be kept. Margin 5% cash /
fixed deposit margin to be maintained prior to issue price of import LC. |
|
5) Name and Address and description of the person entitled to the charge. |
ABN Amro Bank,
N.V, 74 Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai-400021, |
|
6) Date and brief description of instrument modifying the charge |
Not Available |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Available |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10008546 |
|
Corporate
identity number of the company |
U27101MH2004PTC147842 |
|
Name of the
company |
SHAH BROTHERS
ISPAT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
406, Giriraj, |
|
Type of charge |
Book Debts Movable Property Others Immovable
Property |
|
Particular of
charge holder |
Central Bank of India, Corporate Finance Branch, 1st Floor,
M.M.O Building, M G Road, Fort, Mumbai-400 023, Maharashtra, India. |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
1.Extension Of
Equitable Mortgage |
|
Date of
instrument Creating the charge |
24.11.2009 |
|
Amount secured by
the charge |
Rs.5435.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Stipualted By Bank
From Time To Time Terms of
Repayment as stipualted by
bank from time to time Margin As Stipualted By
Bank From Time To Time Extent and
Operation of the charge First charge
(present and future) = total limit of Rs.5435.0 millions (CBI = Rs.253.05
millions, UBI = Rs.1195.7 millions, BOB = Rs.854.4 millions, BOI = Rs.854.4
millions) Others As Stipulated By
Bank From Time To Time And As Per Agreement Attached And As Per Sanction
Letter Of The Bank |
|
Short particulars
of the property charged |
I)
First
Charge (Present &Future) = Hyp.Of All The Current Assets As Well As
Moveable Block Assets Of The Borrower Namely, Stocks Of Raw Materials, Stocks
In Process, Semi-Finished and Finished
Goods, Stores and II)
and Spares,(consumable stores and spares) III)
Hypothecation
of all bills, receivables and book
debts, IV)
Hypothecation
of all other movables including plant and
machinery, furniture and
fixture, vehicles, capital work in progress stored at premises and godown situated at kalambolo, cidco, MIDC,
taloja etc. V)
Or In
Trasnit OR Wherevere VI)
Hypothecation
of All Current, Movable And Fixed Assets VII)
Emg
Of Plot No 1427 Situated At Road No 26 In Sector No Kwe Of Kalamboli, Taluka
Panvel,District Raigad( Adm About 900 Sq.Meters) VIII)
Emg
Of Plot No 1426 Situated At Road No 27 In Sector No Kwe Of Kalamboli,Taluka
Panvel,District Raigad (Adm About 900 Sq.Meters) IX)
Emg
Of Plot No 1425 Situated At Road No 27 In Sector No Kwe Of Kalamboli,Taluka
Panvel,District Raigad (Adm About 900 Sq.Meters) X)
Emg of
plot of land adm 20010 sq.mt being plot no l-5 alongwith structures standing
there on at taloja ind. Area,village pale-khurd, Taluka Panvel dist Raigad |
|
Particulars of
the present modification |
By this
modification limit enhanced to Rs.5435.0 millions, (CBI = Rs.2530.5 millions
, UBI = Rs.1195.7 millions, BOB = Rs.854.4 millions, BOI = Rs.854.4
millions), securities as given by original charge and by modification will be
continued for this modification (securities more defined in point no 15 and as
per agreement attached),terms and conditions as per agreement |
FIXED
ASSETS
v
v Computer
v Furniture and Fixture
v Office Equipment
v Motor Car
v Godown
v Plant and Machinery
AS PER WEBSITE
Company Profile
Amongst the largest importers and distributors of Boiler Quality
Steel Plates in Indian subcontinent.
Authorised Distributors for Alchevsk
Iron and Steel/
Inventory of over 60,000 T of Pressure Vessel Steel Plates, HR Coils,
Mild Steel Plates, Alloy Steel Plates and High Strength Steel Plates.
First and only steel trading company to be accredited ISO 9001:2000
by Lloyds Register Quality Assurance in
Stock-Yard facility spread over 30,000 sq. mtrs with 4 Goliaths,
6 mobile and 3 Overhead Carnes with Load Capacity of 15-30 MT each.
Only Steel Trading Company in
Subject made its mark in the industry by pioneering the import of Boiler
Quality Steel plates into
The group truly believes in the ideology that coming together is a
beginning, working together is progress and forging ahead together is success.
They take pride in having established, nurtured and cemented relationships with
world leaders such as Arcelor Mittal - Romania, Duferco S.A. -
Exceeding expectations and creating new benchmarks with every
achievement, SBIPL maintains its presence and standing in the industry with a
sense of pride.
With its headquarters strategically located in Mumbai, the gateway of
Indian trade and commerce, this dynamic group continues to ensure the smooth
flow of inbound cargo to the satisfaction of its national and international
clients efficiently.
Meeting High Expectations with High Achievement
An off the shelf inventory of more than 60,000 MT. of plates and
coils covers a wide range of qualities and dimensions. Further the availability
of materials from multiple manufacturers such as Arcelor Mittal -
Being the first and only steel trading company in
At SBIPL, they believe that the consumer should hold the lowest possible
inventory, since it reduces inventory cost and saves on handling. They have
translated this belief into practice and firmly promote the "just-in-time
delivery concept". To facilitate this practice as well as to meet the
diverse demands of a widespread clientele, they have established stockyards at
Chennai, Bhilai, Vadodara,
The Founders and Pioneers
Mr. Chinubhai Shah and Mr. Pravin Mehta, the founders of
SBIPL, shared a common and clear vision. Having migrated to Mumbai in the early
1950's they started, what has today become the largest importing house of
Boiler Quality Steel Plates in
With a firm belief in themselves and their dreams, they quit their jobs,
joined hands and ventured into this business together, at a time when most
traders were unfamiliar with the existence of Boiler Quality Plates.
It was their vision, hard work, perseverance and unmatched marketing
skills that paved the way for the pioneering import of steel from
With an ever increasing inventory covering the range of products and
range of thickness, their client base continued to grow. Along with this growth
they established strong relationships that were based on trust and a commitment
to fulfilling the needs of their clients at all times.
Individual commitment to team effort makes a successful team
Mr. Sanjiv Mehta is the CEO of the flagship co. SBIPL. With over 25
years of experience, Mr. Sanjiv Mehta has built relationships with leading
international producers of steel and all major engineering concerns in
A new generation leader, he plays a pivotal role in framing the vision
of SBIPL and is responsible for transforming the company from a local niche
player to an international trading organization in the steel industry today.
Mr. Rajesh Shah, Managing Director of SBIPL has been responsible
in converting the group vision into reality with supportive actions. He
controls and oversees the financial and administrative affairs of the company.
Being in this industry for over 23 years, he has established an extensive
network of contacts with banks and other important financial institutions with
whose help and support the company has grown from strength to strength.
Mr. Ajay Mehta, Managing Director of M/s. Peacefort is a powerhouse
of skill and talent. With over 20 years of experience as a chemical engineer,
he manages Peacefort Chem-Ind. Engineering Private Limited., their value added
division for Boiler Quality Plates and Profiles and special metals.
He has developed systems for meticulous inventory management, which
provides lineage for cut plates and profiles in stock, thus providing,
unparalleled services and benefits to this industry.
Mr. Dharmesh Shah is Director of Meshco Steels, which is the
Indenting and Projects division of SBIPL and has been instrumental in
encouraging the company to diversify into new and different product lines.
He proves to be an asset to SBIPL team, not only on account of his
experience as a chemical engineer but also as an out-of-the box thinker. Having
run an engineering unit, he has a profound understanding of his clients needs
and arrives at effective solutions for the same.
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.44.94 |
|
|
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.64.58 |
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 |
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 |
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.