MIRA INFORM REPORT
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Report No. : |
335019 |
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Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
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Name : |
METALICO TRADING
PRIVATE LIMITED |
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Registered
Office : |
1, Ground Floor, 65 Kushal Bhavan, Maruti Mandir Marg, Durgadevi Udhyan, 5th Kumbharwada, Girgaon, Mumbai – 400004, Maharashtra |
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Tel. No.: |
91-22-61987100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
07.03.2014 |
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Com. Reg. No.: |
11-253925 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U27205MH2014PTC253925 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM45213A |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of ferrous and non-ferrous metals. |
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No. of Employees
: |
03 (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 relatively new company incorporated during the year march,
2014 and it is increasing in itself gradually. It is the trader of ferrous
and non-ferrous metals. Mr. Pradeep Pisal, account assistant has provided the information and
claimed that company has commenced its operational activity and during the
first year of business operation, the company has achieved a sales turnover
of Rs.1350.000 Million which is not verified. However, trade relations are improving. Business is active. Payments
terms are unknown. In view of recent establishment of the business, the company can be
considered for business dealings with fully safe and secure 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
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 |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Pradeep Pisal |
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Designation : |
Account Assistant |
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Contact No.: |
91-22-61987100 |
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Date : |
04.08.2015 |
LOCATIONS
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Registered Office : |
1, Ground Floor, 65 Kushal Bhavan, Maruti Mandir Marg, Durgadevi Udhyan, 5th Kumbharwada, Girgaon, Mumbai – 400004, Maharashtra, India |
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Tel. No.: |
91-22-61987100 |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Rented |
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Locality : |
Commercial |
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Branch Office : |
102, 1st Floor, 65 Kushal Bhavan, 5th
Kumbharwada, Girgaon, Mumbai – 400004, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kalpesh Manohar Sanghvi |
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Designation : |
Director |
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Address : |
21, Gulsaurabh Building, Room No. 4B, 7th Khetwadi Lane,
Mumbai – 400004, Maharashtra, India |
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Date of Birth/Age : |
09.12.1984 |
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Date of Appointment : |
07.03.2014 |
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DIN No.: |
02659278 |
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Other Directorship :
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Name : |
Mr. Ashween Basant Sharma |
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Designation : |
Director |
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Address : |
101, Shatrunjay Apartment, 28, Sindhi Lane, Nanubhai Desai Road,
Mumbai – 400004, Maharashtra, India |
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Date of Birth/Age : |
18.05.1988 |
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Date of Appointment : |
07.03.2014 |
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DIN No.: |
06753308 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Pradeep Pisal |
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Designation : |
Account Assistant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Kalpesh Manohar Sanghvi |
7500 |
75.00 |
|
Ashween Basant Sharma |
2500 |
25.00 |
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Total |
10000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of ferrous and non-ferrous metals. |
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Products : |
Ferrous and Non-ferrous Metal |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
03 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Piyush Bothra and Associates Chartered Accountants |
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Address : |
Block 6, 26, First Carpenter Street, Near Gol Deol Temple, Mumbai –
400004, Maharashtra, India |
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Tel. No.: |
91-22-23899554 / 66109554 |
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E-Mail : |
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Website: |
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PAN No.: |
AKZPB5771A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
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|
31.03.2014 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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0.100 |
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(b) Reserves &
Surplus |
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(0.015) |
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(c) Money received
against share warrants |
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0.000 |
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(2) Share Application
money pending allotment |
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0.000 |
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Total Shareholders’ Funds
(1) + (2) |
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0.085 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
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0.000 |
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(b) Deferred tax
liabilities (Net) |
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0.000 |
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(c) Other long term
liabilities |
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0.000 |
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(d) long-term provisions |
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0.000 |
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Total Non-current
Liabilities (3) |
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0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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0.000 |
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(b) Trade payables |
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0.000 |
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(c) Other current
liabilities |
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0.015 |
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(d) Short-term provisions |
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0.000 |
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Total Current Liabilities
(4) |
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0.015 |
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TOTAL |
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0.100 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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0.000 |
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(ii) Intangible Assets |
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0.000 |
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(iii) Capital
work-in-progress |
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0.000 |
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(iv) Intangible assets
under development |
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0.000 |
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(b) Non-current
Investments |
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0.000 |
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(c) Deferred tax assets
(net) |
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0.000 |
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(d) Long-term Loan and Advances |
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0.000 |
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(e) Other Non-current
assets |
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0.000 |
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Total Non-Current Assets |
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0.000 |
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(2) Current assets |
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(a) Current investments |
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0.000 |
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(b) Inventories |
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0.000 |
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(c) Trade receivables |
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0.000 |
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(d) Cash and cash
equivalents |
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|
0.100 |
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(e) Short-term loans and
advances |
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0.000 |
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(f) Other current assets |
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0.000 |
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Total Current Assets |
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0.100 |
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TOTAL |
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|
0.100 |
PROFIT & LOSS ACCOUNT
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PARTICULARS |
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|
31.03.2014 |
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SALES |
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Income |
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0.000 |
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Other Income |
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|
0.000 |
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TOTAL |
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|
0.000 |
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Less |
EXPENSES |
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Employees benefits
expense |
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0.000 |
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Other expenses |
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|
0.015 |
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TOTAL |
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|
0.015 |
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PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
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(0.015) |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
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|
0.000 |
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PROFIT/ (LOSS) BEFORE TAX |
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(0.015) |
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Less |
TAX |
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0.000 |
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PROFIT/ (LOSS) AFTER TAX
|
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(0.015) |
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Earnings / (Loss) Per
Share (Rs.) |
|
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(1.50) |
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Particulars |
|
|
31.03.2015 |
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Sales Turnover (Approximately) |
|
|
1350.000 |
Expected Sales (2015-16): Rs.1350.000 Million
The above information has been parted by Mr. Pradeep Pisal (Account
Department).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2014 |
|
Current Maturities of Long term debt |
|
|
NA |
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Cash generated from operations |
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|
NA |
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Net cash flows from (used in) operations |
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|
NA |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2014 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
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(15.00) |
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Return on Investment (ROI) (PBT/Networth) |
|
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(0.18) |
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Debt Equity Ratio (Total Debt/Networth) |
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0.00 |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
6.67 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last about one month |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last about one month |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Computer
- Furniture
- Mobile
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.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
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|
Analysis Done by
: |
TRI |
|
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|
Report Prepared
by : |
PNM |
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.