MIRA
INFORM REPORT
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARUTI STRIPS AND FERRO ALLOYS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.04.2008 |
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Com. Reg. No.: |
11-131771 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100
Million |
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CIN No.: [Company Identification
No.] |
U27101PN2008PTC131771 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM37577B |
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PAN No.: [Permanent Account No.] |
AAFCM5488A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of different types of Metal Sheet. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 142000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Latest financials as on 2011-2012 are not mode available with us. As per the previous financial, it seems that the profitability of the
company appears to be low. However, trade relations are fair. Business is active. Payment terms
are unknown. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DENIED
Management Non Co-Operative
LOCATIONS
|
Registered Office : |
Clover Center, Office No-D-544, 5th Floor, 7 Moledina
Road, Pune Camp, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26059678 |
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Fax No.: |
91-20-26059678 |
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E-Mail : |
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Area : |
600 sq ft |
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Location : |
Rented |
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Head Office : |
531, D Wing, 5th Floor, Clover Centre, Camp, Pune – 411001,
Maharashtra, India |
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Tel No.: |
91-20-40069395 |
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Fax No.: |
91-20-40069395 |
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Email : |
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Corporate Office : |
1653/ 119, Jan Mohammad Street, Camp (West) Pune – 411001,
Maharashtra, India |
|
Area : |
1000 sq. ft |
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Location : |
Owned |
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Branch Office : |
307, 3rd Floor, Maker Chambers-V, Nariman Point, Mumbai –
400021, Maharashtra, India |
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Warehouse 1/ Factory : |
S. No.14, Dhadge
Industrial Estate, Namded Phata, Singhgad, Pune - 410041, Maharashtra, India |
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Warehouse 2 : |
210 L Block, MIDC Bhosari, Pune – 411026, Maharashtra, India |
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Area : |
6500 sq ft |
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Location : |
Rented |
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Warehouse 3 : |
Plot No. C-9/2,
Taloja Industrial Area, MIDC, Taloja, Taluka Panvel, Maharashtra, India |
DIRECTORS
AS ON 31.08.2011
|
Name : |
Mr. Yogesh S. Saraswate |
|
Designation : |
Director |
|
Address : |
1652/19, Janmohammad Street, Camp [West], Opposite Education School,
Pune – 411001, Maharashtra,
India |
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Date of Birth/Age : |
03.07.1974 |
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Qualification : |
B. Com |
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Date of Appointment : |
26.06.2012 |
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DIN No.: |
01969787 |
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Name : |
Mr. Shailesh Shashikant Saraswate |
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Designation : |
Director |
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Address : |
1652/19, Janmohammad Street, Camp [West], Opposite Education School, Pune
– 411001, Maharashtra, India |
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Date of Birth/Age : |
27.10.1971 |
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Qualification : |
B. Com |
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Date of Appointment : |
26.06.2012 |
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DIN No.: |
02033279 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Yogesh Shashikant Saraswate |
|
5000 |
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Shailesh Shashikant Saraswate |
|
5000 |
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Total |
|
10000 |
AS ON 02.11.2011
|
Names of Allottees |
|
No. of Shares |
|
Yogesh Shashikant Saraswate |
|
1050000 |
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Shailesh Shashikant Saraswate |
|
350000 |
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Total |
|
1400000 |
AS ON 14.02.2012
|
Names of Allottees |
|
No. of Shares |
|
Shailesh Shashikant Saraswate |
|
2154000 |
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Yogesh Shashikant Saraswate |
|
1436000 |
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Total |
|
3590000 |
AS ON 31.08.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of different types of Metal Sheet. |
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Products : |
·
Ferro Alloys ·
Iron and Steel ·
Sheet Metal Fabrication ·
Steel Processing |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
·
Canara Bank, Camp Branch, M. G. Road, Pune -
411001, Maharashtra, India ·
State Bank of Patiala, Bhavani Shankar Road
Branch, Bhavani Shankar Road, Dadar (West), Mumbai - 400025, Maharashtra,
India · Allahabad Bank, Industrial Finance Branch, Allahabad Bank Building,, Second Floor, 37, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Dagdulal K. Jain and Company Chartered Accountants |
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Address : |
ST-1, F-20, 1st Floor, Flower
Valley Complex, Eastern Express
Highway, Thane (West) Mumbai - 400601, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACPJ7738J |
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Sister Concern : |
Omicron steel Traders Private Limited |
CAPITAL STRUCTURE
After: 31.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Millions |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000
Millions |
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AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
3010000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.100 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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|
2] Share Application Money |
14.000 |
14.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.451 |
1.615 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.024) |
|
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NETWORTH |
35.551 |
15.715 |
0.076 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.407 |
0.000 |
0.000 |
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|
2] Unsecured Loans |
0.000 |
0.002 |
4.225 |
|
|
TOTAL BORROWING |
30.407 |
0.002 |
4.225 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
|
TOTAL |
65.958 |
15.717 |
4.301 |
|
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
21.004 |
8.488 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
11.031 |
0.693 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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|
|
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Inventories |
843.656
|
8.154 |
0.000 |
|
|
Sundry Debtors |
373.188
|
53.305 |
0.000 |
|
|
Cash & Bank Balances |
11.233
|
2.766 |
0.158 |
|
|
Other Current Assets |
180.089
|
0.282 |
4.125 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
1408.166
|
64.507 |
4.283 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
996.939
|
56.990 |
0.000 |
|
|
Other Current Liabilities |
366.906
|
0.000 |
0.000 |
|
|
Provisions |
10.412
|
1.002 |
0.010 |
|
Total
Current Liabilities |
1374.257
|
57.992 |
0.010 |
|
|
Net Current Assets |
33.909
|
6.515 |
4.273 |
|
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.014 |
0.021 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
65.958 |
15.717 |
4.301 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
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|
|
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|
|
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|
Other Income |
|
|
|
|
|
|
TOTAL |
6848.291 |
395.762 |
0.000 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
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|
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Advertising Expenses |
|
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|
|
|
|
TOTAL |
6819.585 |
393.323 |
0.024 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
28.706 |
2.439 |
(0.024) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.800 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
NA |
1.639 |
(0.024) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1900.20 |
163.92 |
(2.40) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.41 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.01
|
3.34 |
(0.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.81
|
0.16 |
(0.32) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.86
|
0.00 |
55.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
1.11 |
428.30 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
0.000
|
0.000 |
|
|
Creditors due others |
996.939
|
56.990 |
|
|
Total |
996.939
|
56.990 |
0.000 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
CHARGES DETAILS |
|||||
|
ENTITY |
PERSON |
COMPETENT AUTHORITY |
REGULATORY
CHARGES |
REGULATORY
ACTION(S) / DATE OF ORDER |
FURTHER
DEVELOPMENTS |
|
MARUTI STRIPS AND FERRO ALLOYS PRIVATE LIMITED |
DIRECTORS |
MCA |
DEFAULT IN FILING ANNUAL RETURNS (SECTION 159) |
PROSECUTION UNDER SECTION 220(3) AND SECTION 162 OF
COMPANIES ACT: PENALTY IMPOSED RS.5000 |
CONVICTED |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Loans directors unsecured |
0.000 |
0.002 |
|
|
|
|
|
Total |
0.000 |
0.002 |
Note:
The registered address of the company has been shifted from 1653/ 19, Jan
Mohammad Street, Camp (West) Pune – 411001, Maharashtra, India to the present
w.e.f.21.11.2008
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27101PN2008PTC131771 |
|
Name of the
company |
MARUTI STRIPS AND
FERRO ALLOYS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Clover Center, Office No-D-544, 5th Floor, 7 Moledina
Road, Pune Camp, Pune – 411001, Maharashtra, India Email: nvgopalcs@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Others [Stocks] |
|
Particular of
charge holder |
State Bank of Patiala, Bhavani Shankar Road Branch, Bhavani Shankar
Road, Dadar [West], Mumbai - 400025, Maharashtra, India Email: b5529@sbp.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of goods & assets dt 5th December 2012 |
|
Date of
instrument Creating the charge |
05.12.2012 |
|
Amount secured by
the charge |
Rs. 300.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.5% Terms of Repayment On Demand Margin 25% on finished 40% on
receivables Extent and Operation of the charge First charge on all
the movables , stocks and receivables to secure the working capital
facilities sanctioned to the company for Rs. 300.000 Millions |
|
Short particulars
of the property charged |
Agreement of
Hypothecation of Goods and Assets Dt 5th December 2012 lying at all the
premises of the company present and future including receivables. |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Office Equipments
· Factory Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Ships Vessels
· Aircrafts Helicopters
· Leasehold Improvements
· Livestock
· Goodwill
· Knowhow
· Computer Software
· Patents Trademarks Design
·
Licenses
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 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.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.