MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
OMICRON STEEL TRADES PRIVATE LIMITED |
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Registered
Office : |
Office No. 307, Maker Chambers V, Nariman Point, Mumbai – 400021,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
30.10.2009 |
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Com. Reg. No.: |
11-196778 |
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Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
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CIN No.: [Company Identification
No.] |
U27310MH2009PTC196778 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO05169D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Hot HR and CR Coils and Metal Scrap. |
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No. of Employees
: |
18 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (41) |
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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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having satisfactory track. The
company is progressing well. 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 normal for 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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Name : |
Mr. Nitin Phanse |
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Designation : |
Accountant |
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Contact No.: |
91-9167744168 |
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Date : |
02.01.2012 |
LOCATIONS
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Registered Office : |
Office No. 307, Maker Chambers V, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-804180/81 |
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Mobile No.: |
91-9167744168 (Mr. Nitin Phanse) |
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Fax No.: |
91-22-804182 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 23.10.2009
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Name : |
Mr. Shailesh Shashikant Saraswate |
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Designation : |
Director |
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Address : |
1652/19, West Street Camp, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
27.10.1971 |
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Date of Appointment : |
30.10.2009 |
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DIN No.: |
02033279 |
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Other Directorship :
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Name : |
Mr. Yogesh Shashikant Saraswate |
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Designation : |
Director |
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Address : |
1652/19, West Street Camp, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
03.07.1974 |
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Date of Appointment : |
30.10.2009 |
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DIN No.: |
01969787 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Nitin Phanse |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.10.2009
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Names of Shareholders |
No. of Shares |
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Yogesh Shashikant Saraswate |
5000 |
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Shailesh Shashikant Saraswate |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Hot HR and CR Coils and Metal Scrap. |
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Imports : |
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Products : |
Scrap |
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Countries : |
·
Dubai ·
Poland |
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Terms : |
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Selling : |
Cash/ Credit |
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Purchasing : |
Cash/ Credit |
GENERAL INFORMATION
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Customers : |
Manufacturing Company |
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No. of Employees : |
18 (Approximately) |
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Bankers : |
Allahabad Bank, Industrial Finance Branch, 37, Mumbai Samachar Marg,
Fort, Mumbai – 400023, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Avinesh J Chartered Accountant |
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Address : |
Pune, Maharashtra, India |
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Sister Concerns : |
·
Maruti Strips and Ferro Alloys Private Limited ·
Ventisys Equipment Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.0.300
Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.300 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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4.092 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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4.392 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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4.392 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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377.059
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Sundry Debtors |
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269.870
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Cash & Bank Balances |
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0.956
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Other Current Assets |
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0.000
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Loans & Advances |
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135.551
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Total
Current Assets |
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783.436 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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779.044
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Provisions |
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Total
Current Liabilities |
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779.044
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Net Current Assets |
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4.392
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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4.392 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2011 |
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SALES |
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Income |
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2324.134 |
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Other Income |
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0.015 |
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TOTAL (A) |
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2324.149 |
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Less |
EXPENSES |
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Cost of Goods Sold |
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2299.745 |
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Direct Expenses |
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9.893 |
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Administrative Expenses |
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4.439 |
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TOTAL (B) |
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2314.077 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
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10.072 |
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Less |
FINANCIAL
EXPENSES (D) |
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4.150 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
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5.922 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
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0.000 |
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PROFIT BEFORE
TAX (E-F) (G) |
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5.922 |
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Less |
TAX (H) |
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1.830 |
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PROFIT AFTER TAX
(G-H)
(I) |
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4.092 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
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0.000 |
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BALANCE CARRIED
TO THE B/S |
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4.092 |
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KEY RATIOS
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PARTICULARS |
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31.03.2011 |
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PAT / Total Income |
(%) |
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0.18 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.25 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.76 |
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Return on Investment (ROI) (PBT/Networth) |
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1.35 |
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Debt Equity Ratio (Total Liability/Networth) |
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177.37 |
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Current Ratio (Current Asset/Current Liability) |
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1.01 |
LOCAL AGENCY FURTHER INFORMATION
Note: The Company
started its activities by May 2010.
OBSERVATION
POINTS
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Name of the Company |
Omicron Steel Traders Private Limited |
|
Address |
307, 3rd Floor, Maker Chambers
V, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel Nos. |
22804180/81 |
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Fax Nos. |
22804182 |
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Mobile Nos. |
91-9167744168 (Mr. Nitin Phanse) |
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Name Board |
Sighted |
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Visibility of Name Board |
High |
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Location |
Easy |
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Landmark (if any) |
3rd Floor |
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Locality |
Office |
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Approx. Market Value of Premises |
Area 1000 sq. ft |
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Area |
Upmarket |
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Visibility of Items |
Upmarket Telephone Fax AC Computers Office Equipment |
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No. of Employees seen at Business Premises |
10 |
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Check List by Info Agents |
Available in Report (Yes / No) |
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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 one year |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
FORM 8
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Corporate
identity number of the company |
U27310MH2009PTC196778 |
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Name of the
company |
OMICRON STEEL
TRADES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Office No. 307,
Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra, India Email Id : marutistrips@gmail.com |
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This form is for |
Creation
of charge |
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Type of charge |
Book debts Movable property
(not being pledge) Current and Fixed
assets |
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Particular of
charge holder |
Allahabad Bank,
Industrial Finance Branch, 37, Mumbai Samachar Marg, Fort, Mumbai – 400023,
Maharashtra, India Email Id : info@ca-adlalwani.com |
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Nature of
instrument creating charge |
1.General Letter
of Hypothecation |
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Date of
instrument Creating the charge |
25.01.2011 |
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Amount secured by
the charge |
Rs.180.000
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As stipulated by
bank from time to time Terms of
repayment On demand and/or
as stipulated by bank from time to time Margin As stipulated by
bank from time to time Extent and
operation of the charge First
charge(present and future)=letter of credit limit Rs.180.000 Millions and/or
as stipulated by bank from time to time Others As stipulated by
bank from time to time and as per agreement attached and as per sanction
letter of the bank |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge
(present and future on following assets) (1) hypothecation of all stocks/
goods/ inventories/ products kept at borrower's premises/ factories/ godowns/
places or whereeverelse or in transit including brought under L.C (2) Hypothecation
of all book debts and receivables etc (3) Hypothecation
of all fixed assets including all tangible movable machinery's, plant,
fixture, fittings, other installations, cranes, furniture, computer and other
accessories, vehicles etc (4) Hypothecation
of all current and movable assets of the company |
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.53.23 |
|
|
1 |
Rs.82.67 |
|
Euro |
1 |
<