(REVISED REPORT)
|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name
: |
METAFERRO TRADING PRIVATE
LIMITED |
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|
|
|
Registered
Office : |
102, 1st Floor, 65
Kushal Bhavan, Maruti Mandir Marg, Durgadevi Udhyan, 5th Kumbharwada,
Girgaon, Mumbai – 400004, Maharashtra |
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Country
: |
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|
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Date
of Incorporation : |
16.03.2014 |
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Com.
Reg. No.: |
11-254439 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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|
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CIN
No.: [Company
Identification No.] |
U27100MH2014PTC254439 |
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Legal
Form : |
Private Limited Liability
Company |
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|
|
|
Line
of Business : |
Trader of Ferrous and Non
Ferrous Alloys. |
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|
|
|
No.
of Employees : |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New
Business |
- |
|
Status : |
New Company |
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|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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Comments : |
Subject is a new company
incorporated during 16th March 2014 and it is establishing itself
gradually. Mr. Prakash S. Gurav,
Accountant has provided general information to us and claimed that company
has started its commercial operation from June 2014. However, trade relations
are improving. Business is active. Payment terms are unknown. The company can be
considered for business dealings on safe and secured 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Prakash S. Gurav |
|
Designation : |
Accountant |
|
Contact No.: |
91-9769127520 |
|
Date : |
20.10.2014 |
LOCATIONS
|
Registered Office : |
102, 1st Floor, 65
Kushal Bhavan, Maruti Mandir Marg, Durgadevi Udhyan, 5th Kumbharwada,
Girgaon, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-67437813 |
|
Mobile No.: |
91-9769127520 (Mr.
Prakash S. Gurav) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Milan Babulal Jain |
|
Designation : |
Director |
|
Address : |
52 - Walkeshwar Road,
Jalan House, 3rd Floor, Room No. - 25/26, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
06.06.1984 |
|
Date of Appointment : |
16.03.2014 |
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DIN No.: |
02822324 |
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|
|
|
Name : |
Mr. Vishal Vikrambhai
Shah |
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Designation : |
Director |
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Address : |
C-13/14- Chandan
Apartment, Near Shahibaug Police Chowky Shahibaug, Ahmedabad – 380004,
Gujarat, India |
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Date of Birth/Age : |
02.06.1987 |
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Date of Appointment : |
16.03.2014 |
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DIN No.: |
03294007 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash S. Gurav |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Trader of Ferrous and Non
Ferrous Alloys. |
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|
|
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Terms : |
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Selling
: |
Cash and Advance Payment |
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Purchasing
: |
Cash and Advance Payment |
GENERAL INFORMATION
|
No. of Employees : |
5 (Approximately) |
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|
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Bankers : |
Bank of Baroda, Gulalwadi
Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Sister Concern : |
Steelage Overseas Private Limited Address: 1, Ground Floor, 65 Kushal Bhavan, Maruti Mandir Marg, Durgadevi Udhyan, 5th Kumbharwada, Girgaon, Mumbai – 400004, Maharashtra, India Line of Business: Trader of Ferrous and Non
Ferrous Alloys |
CAPITAL STRUCTURE
Authorised Capital : Rs.0.500 Million
Issued, Subscribed & Paid-up Capital : Rs.0.100
Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No. of
employees |
Yes |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last three years |
No |
|
12] |
Profitability
for last three years |
No |
|
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 |
Yes |
|
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 |
No |
|
25] |
Conduct
of the banking account |
---------- |
|
26] |
Buyer
visit details |
---------- |
|
27] |
Financials,
if provided |
No |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
No |
|
30] |
Major
Shareholders, if available |
No |
|
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 |
NO CHARGES EXIST FOR 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 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.61.32 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Information Gathered by : |
SVA |
|
|
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Analysis Done by : |
KAR |
|
|
|
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Report Prepared by : |
VNT |
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.