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MIRA INFORM REPORT
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Report No. : |
486542 |
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Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
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Name : |
FINETECH ALLOYS PRIVATE LIMITED |
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Registered
Office : |
Gala No:2, Opposite Prerna Complex, Taluka: Bhiwandi, Thane :421302, Maharashtra |
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Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
17.02.2012 |
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Com. Reg. No.: |
11-227121 |
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Capital Investment
/ Paid-up Capital : |
INR 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2012PTC227121 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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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
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Subject is engaged in Importer and Exporter, Distributors, Retailers, Traders and Dealers of All Types Ferrous and Non-Ferrous Metals, Steels, Alloy Steels, Iron, Special and Stainless Steels. (Memorandum of Association) |
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No. of Employees
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Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NT |
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Credit Rating |
Explanation |
Rating Comments |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
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Status : |
No Trace |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
Finetech Alloys Private Limited was incorporated in the
year 2012. It is an importer and exporter of Ferrous and Non- Ferrous Metal. Management has failed to file its financials with Registrar of Companies since its inception. Our executive tried to contact the subject but number was not reachable. However, as per Registrar of Companies status shown as an active. No other information could be made available from any other sources. In view of aforesaid, we do not recommend any business dealings with the subject. Note: Site visit was conducted at the address which you have provided. Our executive was unable to trace the subject on the given address. During the site visit our executive enquired with vicinity but they are not aware about the subject. Location was difficult to find. Locality seems to be residential and area seems to be neutral 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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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 23.01.2018
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
Note : Tel No.: 91-8652534811 (Given number is Switch Off)
91-22-3454665 (Given number is Incorrect Number)
91-7303796683 (Not Reachable)
LOCATIONS
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Registered Office : |
Gala No:2, Opposite Prerna Complex, Taluka: Bhiwandi, Thane :421302, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Bhuraram Choudhary Ragaji |
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Designation : |
Director |
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Address : |
27, Mukhya Abadi, Lalpur Th. Sanchore, Jalore - 343027,
Rajasthan, India |
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Date of Birth/Age : |
18.05.1975 |
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Date of Appointment : |
17.02.2012 |
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DIN No : |
05197959 |
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Name : |
Mr. Langre Sharif Mohammed |
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Designation : |
Director |
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Address : |
50/52, Tandel Street (North) 2nd Floor, Room No.46, Dongri, Mumbai - 400009, Maharashtra, India |
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Date of Birth/Age : |
21.01.1979 |
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Date of Appointment : |
17.02.2012 |
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DIN No : |
05198375 |
MAJOR SHAREHOLDERS
As on 13.02.2012
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Names of Shareholders |
No. of Shares |
% of Holding |
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Bhuraram Choudhary Ragaji |
5000 |
50.00 |
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Langre Sharif Mohammed |
5000 |
50.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Importer and Exporter, Distributors, Retailers, Traders and Dealers of All Types Ferrous and Non-Ferrous Metals, Steels, Alloy Steels, Iron, Special and Stainless Steels. (Memorandum of Association) |
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Products / Services
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
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FINANCIAL DATA
[all figures are
INR Million]
NOT AVAILABLE
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 |
No |
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8] |
Designation of contact person |
No |
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9] |
Promoter’s background |
Yes |
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10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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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 |
No |
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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 |
No |
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24] |
Capital in the business |
Yes |
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25] |
Last accounts filed at ROC, if applicable |
No |
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26] |
Turnover of firm for last three years |
No |
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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 |
Yes |
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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 |
INDEX
OF CHARGES No Charges Exists for Company
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OBSERVATION
POINTS |
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Name of Company : |
FINETECH ALLOYS PRIVATE LIMITED |
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Address : |
Gala No:2, Opposite Prerna Complex, Taluka: Bhiwandi, Thane : 421302, Maharashtra, India |
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Name Board: |
Not Sighted |
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Location: |
Difficult |
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Locality: |
Residential |
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Area: |
Neutral |
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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,
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 63.89 |
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1 |
INR 88.60 |
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Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
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Information
Gathered by : |
KMN |
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Analysis Done by
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VAR |
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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.