|
|
|
MIRA INFORM REPORT
|
Report No. : |
491889 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FINE METAL |
|
|
|
|
Registered
Office : |
At Post GP No.446, SY No 54/14, Navage Cross, Navage Village, Belgavi
– 590014, Karnataka |
|
Mobile No.: |
91-9880020829 (Mr. Rakesh Ramachal Singh) |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
01.12.2006 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 75.776 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
TIN / CST No.: |
29670740578 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRF01449A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFF6443M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AABFF6443M1Z2 |
|
|
|
|
SSI
Reg. No.: |
-- |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhaar
No.: |
KR04B0009441 |
|
|
|
|
Central Excise
Act No.: |
AABFF6443MEM001 |
|
|
|
|
Service Tax No.: |
AABFF6443MST001 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer of iron and steel casting products. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Fine Metal is a manufacturer of iron and steel casting products. The concern was started in the year 2006 and is based in Karnataka, India. It is an established partnership concern having satisfactory track record. For the financial year ended 2017, the concern has witnessed a growth in its revenue and has achieved fair profit margin at 1.37% (approximately). Rating takes into consideration concern’s established track record of business operation along with sound capital base and fair debt level. Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct and as per commitments. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. NOTE: As per our executive observation, it is a factory type premises. Locality of the premises appears to be industrial, area seems to be neutral and area of the premises is 21780 sq. ft. (approximately). Name board of the concern was sighted at the given premises. Landmark of the area is “Government Primary School” and (approximately) 40 employees were sighted at the premises. Our executive also had a word
with the neighbor of the concern i.e., Mr. Vijay Kumar from “Varsha Irons”
who confirmed that concern exists at the given address. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
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 07.03.2018
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 PARTED BY
|
Name : |
Mr. Rakesh Ramachal Singh |
|
Designation : |
Partner |
|
Contact No.: |
91-9880020829 |
|
Date : |
05.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
At Post GP No.446, SY No 54/14, Navage Cross, Navage Village, Belgavi
– 590014,
Karnataka, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9880020829 (Mr. Rakesh Ramachal Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
Area : |
21780 sq. ft. (As per site visit) |
|
Locality : |
Industrial (As per site visit) |
PARTNERS
|
Name : |
Mr. Valasangad Sannaveerebhadrappa Veerendra |
|
Designation : |
Partner |
|
Address : |
House No.41, Krishna Nilaya, Behind Jituri Super Market, Raghavendra
Colony, R C Nagar, Belgaum – 590006, Karnataka, India |
|
Mobile No.: |
91-8310519854 / 9844117998 |
|
Date of Birth/Age : |
08.04.1970 |
|
Aadhaar No.: |
6215 5199 4911 |
|
PAN No.: |
ADXPV2771R |
|
|
|
|
Name : |
Mr. Rakesh Ramachal Singh |
|
Designation : |
Partner |
|
Address : |
119, Subhash Market, Opposite State Bank of Mysore, Hindwadi, Hukeri,
Belgaum – 590011, Karnataka, India |
|
Mobile No.: |
91-9880020829 |
|
Date of Birth/Age : |
02.02.1978 |
|
Aadhaar No.: |
4520 6209 9364 |
|
PAN No.: |
AEKPR1424F |
|
|
|
|
Name : |
Mr. Tejprakash Ramachal Singh |
|
Designation : |
Partner |
|
Address : |
119, Subhash Market, Opposite State Bank of Mysore, Hindwadi, Hukeri, Belgaum
– 590011, Karnataka, India |
|
Mobile No.: |
91-9741267017 |
|
Date of Birth/Age : |
06.07.1975 |
|
Aadhaar No.: |
2759 1609 9607 |
|
PAN No.: |
ATQPS8006H |
|
|
|
|
Name : |
Mr. Sunilkumar Ramanna Yeligar |
|
Designation : |
Partner |
|
Address : |
F 3, Gokul Vandavan, 8th Cross Road, Near Ramadev Temple,
Bhagyanagar, Belgaum – 590006, Karnataka, India |
|
Mobile No.: |
91-9611131742 |
|
Date of Birth/Age : |
26.11.1972 |
|
Aadhaar No.: |
6864 1597 3785 |
|
PAN No.: |
ABBPY8274A |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of iron and steel casting products. |
|
|
|
|
Products / Services
: |
Iron and Steel Casting Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit (30 to 100 Days) |
|
|
|
|
Purchasing : |
Cheque and Credit (30 to 90 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
S. R. Industries, Bangalore ·
BMI Mineral Industries, Belgaum ·
Renu Traders, Belgaum |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Manufacturers · Ace Manufacturing Systems Limited, Bangalore · AMS Bhargava Machining Private Limited, Bangalore ·
Milltec Machinery Private Limited, Bangalore |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Aditya S. Bhide Chartered Accountants |
|
Address : |
CTS No.192/A, Tanish Towers, Guruwar Peth, Tilakwadi, Belgaum – 590006,
Karnataka, India |
|
Tel. No.: |
91-831-4210410 |
|
Mobile No.: |
91-8105692579 |
|
E-mail : |
|
|
Membership No.: |
228465 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
AS ON 31.03.2017
|
Particulars |
[INR in Lacs] |
|
Partner’s
Capital Account |
|
|
Rakesh Ramachal Singh |
30.828 |
|
Sunilkumar Ramanna Yeligar |
(12.645) |
|
Tejprakash Ramachal Singh |
23.996 |
|
V. S. Veerendra |
33.597 |
|
|
|
|
Total |
75.776 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Partner’s Capital Account |
75.776 |
18.984 |
33.264 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
75.776 |
18.984 |
33.264 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
121.250 |
66.028 |
72.929 |
|
|
2] Unsecured Loans |
6.362 |
5.799 |
5.249 |
|
|
TOTAL
BORROWING |
127.612 |
71.827 |
78.178 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
203.388 |
90.811 |
111.442 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
137.357 |
43.798 |
40.611 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.399 |
30.893 |
36.235 |
|
|
Sundry Debtors |
66.643 |
56.751 |
55.666 |
|
|
Cash & Bank Balances |
19.997 |
6.423 |
23.971 |
|
|
Other Current Assets |
0.533 |
0.725 |
0.261 |
|
|
Loans, Advances & deposits |
6.928 |
4.804 |
5.554 |
|
Total Current Assets |
118.500 |
99.596 |
121.687 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.932 |
46.655 |
38.669 |
|
|
Other Current Liabilities |
(0.556) |
1.438 |
7.868 |
|
|
Provisions |
8.093 |
4.490 |
4.319 |
|
Total Current Liabilities |
52.469 |
52.583 |
50.856 |
|
|
Net Current
Assets |
66.031 |
47.013 |
70.831 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
203.388 |
90.811 |
111.442 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
313.106 |
273.065 |
278.829 |
|
|
Other Income |
1.606 |
1.468 |
1.566 |
|
|
TOTAL |
314.712 |
274.533 |
280.395 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
158.244 |
131.662 |
141.884 |
|
|
Consumables |
0.109 |
0.227 |
0.372 |
|
|
Conversion charges paid |
0.000 |
0.000 |
1.311 |
|
|
Electricity Charges |
36.088 |
35.369 |
35.984 |
|
|
Factory Rent |
3.240 |
3.240 |
3.240 |
|
|
Generator Expenses |
0.013 |
0.064 |
0.116 |
|
|
House Rent Allowance |
0.157 |
0.960 |
0.633 |
|
|
Labour Charges-Fetling |
2.590 |
0.000 |
0.000 |
|
|
Labour Charges-Machining |
34.194 |
29.654 |
28.265 |
|
|
Labour Charges |
1.743 |
1.218 |
1.041 |
|
|
Material Testing Charges |
0.382 |
0.952 |
0.224 |
|
|
Pattern repair & maintanance |
0.000 |
0.000 |
0.395 |
|
|
Rent for Furnace |
3.000 |
3.600 |
3.600 |
|
|
Repairs & Maintenance |
0.560 |
0.808 |
0.675 |
|
|
Repairs &
Maintenance-Electrical |
1.326 |
0.889 |
1.015 |
|
|
Salary & Wages |
19.097 |
18.655 |
17.933 |
|
|
Transportation -Inward |
3.929 |
5.587 |
5.078 |
|
|
Accounting Charges |
0.300 |
0.300 |
0.300 |
|
|
Bad debts |
0.000 |
0.000 |
0.311 |
|
|
Audit & Consultation Fees |
0.350 |
0.349 |
1.264 |
|
|
Discount |
0.000 |
0.020 |
0.000 |
|
|
Bonus |
1.503 |
1.479 |
0.588 |
|
|
Computer Repair and Maintenance |
0.064 |
0.106 |
0.171 |
|
|
Consultation Charges |
0.571 |
0.464 |
0.573 |
|
|
Conveyance |
2.130 |
2.028 |
0.056 |
|
|
CST (2011-12) |
0.000 |
0.000 |
0.001 |
|
|
CST (2012-13) |
0.000 |
0.000 |
0.009 |
|
|
ESI |
0.995 |
0.934 |
0.895 |
|
|
Donation |
0.004 |
0.005 |
0.000 |
|
|
Ineligible Input (2014-15) |
0.002 |
0.041 |
0.079 |
|
|
Insurance |
0.232 |
0.152 |
0.023 |
|
|
Interest on Capital |
5.360 |
3.552 |
3.552 |
|
|
Gratuity |
0.000 |
0.234 |
0.000 |
|
|
Karnataka Labour Welfare Fund |
0.004 |
0.006 |
0.006 |
|
|
Karnataka Pollution Board Fees |
0.125 |
0.120 |
0.120 |
|
|
Leave Wages |
0.737 |
0.896 |
0.733 |
|
|
Medical Expenses |
0.082 |
0.007 |
0.024 |
|
|
Penalty on VAT (2011-12) |
0.000 |
0.000 |
0.014 |
|
|
Rates and taxes |
0.000 |
0.017 |
0.000 |
|
|
Service Tax Paid |
0.059 |
0.254 |
0.000 |
|
|
PF & EPF Collected &
Paid |
2.442 |
2.433 |
1.909 |
|
|
Pooja Expenses |
0.075 |
0.119 |
0.086 |
|
|
Postage & Courier |
0.046 |
0.039 |
0.030 |
|
|
Printing & Stationary |
0.184 |
0.190 |
0.166 |
|
|
Profession Tax |
0.025 |
0.025 |
0.025 |
|
|
Repairs & maintenance
-Building |
0.409 |
0.422 |
0.040 |
|
|
Rounding Off |
0.002 |
0.000 |
0.000 |
|
|
Salary To Partners |
8.715 |
3.728 |
4.364 |
|
|
Telephone Charges |
0.667 |
0.847 |
0.348 |
|
|
Transportation -Outward |
2.587 |
2.382 |
1.832 |
|
|
Travelling expenses |
0.000 |
0.685 |
0.026 |
|
|
VAT paid (2010-11) |
0.000 |
0.000 |
0.320 |
|
|
VAT paid (2011-12) |
0.000 |
0.000 |
0.144 |
|
|
TDS paid |
0.000 |
0.023 |
0.000 |
|
|
Vehicle Repairs &
Maintenance |
0.041 |
0.034 |
0.013 |
|
|
Waste Sand Transportation |
1.285 |
0.845 |
0.860 |
|
|
Welfare Expenses |
1.530 |
1.382 |
1.363 |
|
|
Water Charges |
0.152 |
0.000 |
0.000 |
|
|
TOTAL |
295.350 |
257.003 |
262.011 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST AND DEPRECIATION |
19.362 |
17.530 |
18.384 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.563 |
9.664 |
10.429 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION |
10.799 |
7.866 |
7.955 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION |
6.519 |
6.942 |
6.586 |
|
|
|
|
|
|
|
|
NET PROFIT/(LOSS) FOR THE
YEAR |
4.280 |
0.924 |
1.369 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
77.69 |
75.86 |
72.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.70 |
4.81 |
5.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
103.64 |
129.34 |
99.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.79 |
0.57 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.40 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.87 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.68 |
3.78 |
2.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.78 |
3.08 |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.81 |
2.31 |
1.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.26 |
1.81 |
1.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.37 |
0.34 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.67 |
0.64 |
0.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.65 |
4.87 |
4.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.01 |
1.71 |
2.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.60 |
1.18 |
1.52 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.13 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.68 |
3.78 |
2.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.01 |
1.71 |
2.17 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Partner’s Capital Account |
33.264 |
18.984 |
75.776 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
33.264 |
18.984 |
75.776 |
|
|
|
|
|
|
Secured Loans |
72.929 |
66.028 |
121.250 |
|
Unsecured Loans |
5.249 |
5.799 |
6.362 |
|
Total
borrowings |
78.178 |
71.827 |
127.612 |
|
Debt/Equity
ratio |
2.350 |
3.784 |
1.684 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales |
278.829 |
273.065 |
313.106 |
|
|
|
(2.067) |
14.664 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
278.829 |
273.065 |
313.106 |
|
Profit/(Loss) |
1.369 |
0.924 |
4.280 |
|
|
0.49% |
0.34% |
1.37% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Lacs |
31.03.2016 INR In Lacs |
|
|
|
|
|
Neelam T Singh |
2.069 |
1.868 |
|
Usha Patil |
2.165 |
1.955 |
|
D. R. Singh |
2.128 |
1.976 |
|
|
|
|
|
Total |
6.362 |
5.799 |
FIXED ASSETS:
· Air Conditioner
· Building
· Computer
· Printer
· Electrical Installation
· Furniture
· Lab Equipments
· Mobile
· Moulding Boxes
· Office Equipments
· Pattern
· Plant and Machinery
· UPS
· Honda Activa
· Patterns and Fixtures
|
OBSERVATION POINTS |
|
Name of Company : |
FINE METAL |
|
|
|
|
Address : |
At Post GP No.446, SY No 54/14, Navage Cross, Navage Village, Belgavi
– 590014,
Karnataka, India |
|
|
|
|
Mobile No.: |
91-9880020829 |
|
|
|
|
Person to whom we met: |
Mr. Rakesh Ramachal Singh Designation
: Partner |
|
|
|
|
E-mail : |
|
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Government Primary School |
|
|
|
|
Total Floors of the building: |
Factory Type Premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
21780 sq. ft. (Approximately) |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
High |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) |
|
|
|
|
|
No. of employees seen at premises: |
40 |
|
|
|
|
Visibility of
Items: |
·
Office Equipment ·
Xerox Machine ·
Computers |
|
|
|
|
Furniture items
sighted : |
Chairs, Office Chairs, Tables, Computer, Computer Tables etc. |
|
|
|
|
Neighbour’s
interview : |
Name of the
company: Varsha Irons Contact Person
Name: Mr. Vijaykumar |
|
Neighbour’s
Overview : |
Existence confirmed |
|
|
|
|
Proof of visit: |
Photograph Photographs: Exterior with
name board / Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name: Shrinivas S.
Harani Designation: Field Executive Contact No.: 91-9035785007 |
PICTURES
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 (as on 07.03.2018
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.
·