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Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURANI STEEL
PRIVATE LIMITED |
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Registered
Office : |
Survey No.110, 115,
Opposite Vinayak TMT, |
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Country : |
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Date of
Incorporation : |
31.07.2012 |
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Com. Reg. No.: |
04-071373 |
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Capital Investment
/ Paid-up Capital : |
Rs.25.000
millions |
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CIN No.: [Company Identification
No.] |
U27109GJ2012PTC071373 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of ERW Steel Tubes and Pipes. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and establishing itself gradually. Even though
the company was incorporated during July 2012, it commenced its commercial
activity during May 2013. Trade relations are improving. Business is active. Payment terms are
unknown. The company can be considered for business dealings on a safe and secured
trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Dinesh
Karshan Patel |
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Designation : |
Director |
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Contact No.: |
91-9099759497 |
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Date : |
17.06.2013 |
LOCATIONS
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Registered Office/ Factory : |
Survey No.110,
115, Opposite Vinayak TMT, Bayad Road, Village Sampa, Taluka Dahegam,
District Gandhinagar – 382 315, Gujarat, India |
|
Tel. No.: |
91-2716-296123 |
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Mobile No.: |
91-9099759497 (Mr. Dinesh Patel) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
AS ON
|
Name : |
Mr. Dinesh
Karshan Patel |
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Designation : |
Director |
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Address : |
4, Vinayak Park, Near Abhishek Apartment, Dahegam – 382 305, Gujarat,
India |
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Date of Birth/Age : |
29.12.1987 |
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Date of Appointment : |
31.07.2012 |
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DIN No.: |
03585273 |
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Other Directorship:
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Name : |
Mr. Mukesh Vishram Patel |
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Designation : |
Director |
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Address : |
11, Vinayak Park, Opposite Ashirwad Hospital, College Road, Dahegam –
382 305, Gujarat, India |
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Date of Birth/Age : |
16.11.1977 |
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Date of Appointment : |
31.07.2012 |
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DIN No.: |
05331136 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.07.2012
|
Names of Shareholders |
|
No. of Shares |
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Dinesh Patel |
|
5000 |
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Mukesh Patel |
|
5000 |
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Total
|
|
10000 |
AS ON 26.03.2013
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Names of Allottees |
|
No. of Shares |
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Chunilal Vishrambhai Patel |
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10000 |
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Dhirajkumar Dhanjibhai Patel |
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30000 |
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Dinesh Karshanbhai Patel |
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50000 |
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Gangarambahi Dhayabhai Patel |
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37500 |
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Kalpesh Kumar Kantilal Patel |
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30000 |
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Kantibhai Dhanjibhai Patel |
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35000 |
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Kanubhai Dhanjibhai Patel |
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30000 |
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Karshanbhai Devjibhai Patel |
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100000 |
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Laxmiben Vishrambhai Patel |
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10000 |
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Mukeshbhai Vishram Patel |
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25000 |
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Pinalben Sureshbhai Patel |
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15000 |
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Ravjibhai Valjibhai Patel |
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50000 |
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Suresh Gangarambhai Patel |
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47500 |
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Vishrambhai Sivganbhai Patel |
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30000 |
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Total
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|
500000 |
AS ON 15.01.2013
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Names of Allottees |
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No. of Shares |
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Bharatbhai Gangarambhai Patel |
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10000 |
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Chunilal Vishrambhai Patel |
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20000 |
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Dhrumil Rakeshbhai Amin |
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62500 |
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Dhruv Pragneshbhai Amin |
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62500 |
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Dimpleben Mukeshbhai Patel |
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20000 |
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Dinesh Karshanbhai Patel |
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95000 |
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Dishank Kanaiyalal Soni |
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62500 |
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Gangarambahi Dhayabhai Patel |
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20000 |
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Hasmukhbhai Shivdasbhai Patel |
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100000 |
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Hasmukhbhai Shivdasbhai Patel (HUF) |
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100000 |
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Hetalben Dineshbhai Patel |
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50000 |
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Indiraben Chunilal Patel |
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10000 |
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Karshanbhai Devjibhai Patel (HUF) |
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220000 |
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Laxmiben Vishrambhai Patel |
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30000 |
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Maniben Karshanbhai Patel |
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150000 |
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Mukeshbhai Patel (HUF) |
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45000 |
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Mukesh Vishrambhai Patel |
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65000 |
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Nandlal Ramlal Patel |
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62500 |
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Pinalben Sureshbhai Patel |
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10000 |
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Prakash Karshanbhai Patel |
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100000 |
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Prakash Karshanbhai Patel (HUF) |
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180000 |
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Pursottambahi Karshanbhai Patel |
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50000 |
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Rajeshbhai Dhansukhbhai Patel |
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62500 |
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Shital Vinod Patel |
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250000 |
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Suresh Gangarambhai Patel |
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37500 |
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Vinaben Bharatbhai Patel |
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10000 |
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Vishrambhai Patel (HUF) |
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45000 |
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Vishrambhai Sivganbhai Patel |
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60000 |
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Total
|
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1990000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of ERW Steel Tubes and Pipes. |
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Products : |
·
ERW Pipes and Tubes ·
Steel Tubes ·
Seam Pipes ·
MS Hollow Sections |
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Exports : |
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Products : |
·
ERW Pipes and Tubes ·
Steel Tubes ·
Seam Pipes ·
MS Hollow Sections |
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Countries : |
·
African Countries |
GENERAL INFORMATION
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No. of Employees : |
50 (Approximately) |
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Bankers : |
State Bank of
India, Station Road, Dehgam, District Gandhinagar, - 382 315, Gujarat, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. R.N. Jethaliya Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2750000 |
Equity Shares |
Rs.10/- each |
Rs.27.500 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each
|
Rs.25.000
millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
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 |
No |
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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 |
Yes |
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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 |
No |
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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 |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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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
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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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 |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34)
External Agency Rating, if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10420926 |
08/03/2013 * |
70,500,000.00 |
State Bank of
India |
Station Road,
District Gandhinagar, Dehgam, Gujarat |
B74039637 |
* Date of charge modification
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 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 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.58.94 |
|
|
1 |
Rs.90.47 |
|
Euro |
1 |
Rs.77.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SMN |
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.