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MIRA INFORM REPORT
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Report No. : |
489595 |
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Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ALLIED METALS |
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Registered
Office : |
4/215, Bhatawdekar Lane, R. R. Road, Mumbai – 400004, Maharashtra |
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Mobile No.: |
91-9819824132 (Mr. Mitul Mehta) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
2010 |
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Capital Investment
/ Paid-up Capital : |
Not Divulged |
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IEC No.: |
Not Divulged |
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TIN No.: |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Manufacturer of Buttweld Fitting, Duplex
Steel Pipe Fitting, Socket Weld Pipe Fitting, Nickel Alloys, Duplex Steel,
Stainless Steel, Alloy Steel, Carbon Steel and Other Ferrous and Non- Ferrous
Metals in Shape of Pipe Fittings, Flanges, Fasteners and all types of forget
components. (From Indirect Sources) |
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No. of Employees
: |
04 (As per site visit)) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Mr. Mitul Mehta (Designation Not Divulged) denied to provide any
information about the subject to us. As per information gathered from other sources, it is a proprietorship
concern established in the year 2010 and is a manufacturer of buttweld fitting, duplex
steel pipe fitting, socket weld pipe fitting, nickel alloys, duplex steel,
stainless steel, alloy steel, carbon steel etc. Further, as per indirect sources, it has earned a revenue of INR 5.000
million for the FY 2017. Payments seems to be slow but correct. In view of aforesaid, the concern can be considered for business
dealings with some caution. Note: Site visit conducted at the address which you have provided. Our
executive has successfully traced the subject on the given address. At the premises, our executive met Mr. Vilas (Designation Not
Divulged) and he provided contact details. As per our executive’s observation, it is a 3 storey building and
subject is situated on ground floor. Number of employees sighted at the
premises were 4. Locality seems to be commercial and area appears to be
upmarket. Location was difficult to find and we have not sighted subject’s name
board. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
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Name : |
Mr. Mitul Mehta |
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Designation : |
Proprietor |
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Contact No.: |
91-9819824132 |
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Date : |
02.02.2017 |
Management non-cooperative (Tel No.:91-22-66157017)
LOCATIONS
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Registered Office : |
4/215, Bhatawdekar Lane, R. R. Road, Mumbai – 400004, Maharashtra,
India |
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Tel. No.: |
91-22-66157017 |
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Mobile No.: |
91-9819824132 (Mr. Mitul Mehta) |
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Fax No.: |
91-22-66157017 |
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E-Mail : |
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Website : |
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Locality: |
Commercial (as per site visit) |
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Manufacturing Unit I : |
M/S Roll Well Forge limited, Survey No. 239/1, N.H. 8B, Rajkot – Gondal
Highway Shaper, Rajkot – 360024, Gujarat, India |
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Manufacturing Unit II : |
M/S Real Engineering, Survey No. 239/1, Plot No. 19/B, Opposite Sardar
Cement, N.H. 8B, Rajkot – 360024, Gujarat, India |
SOLE PROPRIETOR
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Name : |
Mr. Mitul Mehta |
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Designation : |
Proprietor |
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Address : |
Plot No.4, Building No. 215, Ground Floor, R.R. Roy Road, Girgaon,
Charni Road, Mumbai – 400004, Maharashtra, India |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Buttweld Fitting, Duplex
Steel Pipe Fitting, Socket Weld Pipe Fitting, Nickel Alloys, Duplex Steel,
Stainless Steel, Alloy Steel, Carbon Steel and Other Ferrous and Non- Ferrous
Metals in Shape of Pipe Fittings, Flanges, Fasteners and all types of forget
components. (From Indirect Sources) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
04 (As per site visit) |
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Bankers : |
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Auditors : |
Not Divulged |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
-- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
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Particulars |
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31.03.2017 |
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Sales Turnover (Approximately) |
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5.000 |
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The above information has been gathered from Indirect Sources.
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
Yes |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last one year |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
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OBSERVATION
POINTS |
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Name of Company : |
Allied Metals |
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Address : |
4/215, Bhatawdekar Lane, R. R. Road, Girgaon, Mumbai – 400004,
Maharashtra, India |
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Person to whom we met: |
Mr. Vilas |
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Contact No : |
91-22-66157017 |
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Name Board: |
Not Sighted |
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Location: |
Difficult |
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Landmark : |
Bhatwdekar lane |
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Total Floors of the building: |
3 Floors |
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Subject situated on : |
Ground Floor |
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Locality: |
Commercial |
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Area: |
Upmarket |
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No. of employee
seen at premises : |
04 |
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Proof of visit: |
Photographs |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 64.07 |
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UK Pound |
1 |
INR 91.33 |
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Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
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PYK |
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Report Prepared
by : |
TRUP |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.