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MIRA INFORM REPORT
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Report No. : |
498757 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
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Name : |
INDUSTEEL INDIA LLP |
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Registered
Office : |
510/511, 5th Floor, Shrikant Chambers, Sion, Trombay Road,
Chembur, Mumbai – 400071, Maharashtra |
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Mob. No.: |
91-9820031967 (Mr. Mahendran Ramamoorthy) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
17.01.2017 |
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Total Obligation
of Contribution : |
INR 0.118 Million |
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LLPIN : |
AAI-2977 |
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IEC No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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TIN No.: |
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 Divulged |
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Legal Form : |
Limited Liability Partnership Firm |
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Line of Business
: |
· Trader of Steels. [Confirmed by Management] · Manufacturer, Produce, Process, treat, Assemble, Alter, Convert, Commercialize, Galvanize, Machine, Cut, Roll, Re-Roll, Trim, Turn to account and to act as agent, broker, stockists, distributor, importer, trader, buyer, seller, vendor, engineers, metallurgists, consultant, job worker or otherwise to deal in all shapes, size, uses, capacities, specifications, descriptions and varieties of products etc. [Registered Activity] |
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No. of Employees
: |
Information declined 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 : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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 was incorporated in the year 2017. As per the financial records of 2017, the company’s financial position seems to be moderate marked by below average capital base. The company has not earned income from its operations during the year under the review. Business is active. No payment terms are known. In the view of subject’s infancy, dealings are recommended
to be on secured terms, and a close monitoring of subject’s business
development is advisable. |
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
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 19.03.2018
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 DECLINED BY
|
Name : |
Mr. Mahendran Ramamoorthy |
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Designation : |
Designated Partner |
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Contact No.: |
91-9820031967 |
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Date : |
17.03.2018 |
[91-22-67030370/ 67030371] not exist
LOCATIONS
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Registered Office : |
510/511, 5th Floor, Shrikant Chambers, Sion, Trombay Road,
Chembur, Mumbai – 400071, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9820031967 (Mr. Mahendran Ramamoorthy) |
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Fax No.: |
91-22-67030372 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Mahendran Ramamoorthy |
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Designation : |
Designated Partner |
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Address : |
23, Green Garden Apartment CHS Ltd, Acharya Nagar, Deonar,
Mumbai-400088, Maharashtra, India |
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Date of Birth/Age : |
07.04.1960 |
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Date of Appointment : |
17.01.2017 |
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PAN No: |
AFGPM3548E |
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DPIN No.: |
00286651 |
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Name : |
Mrs. Kalpana Mahendran |
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Designation : |
Designated Partner |
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Address : |
23, Green Garden Appartments Chs Acharya Nagar, Deonar, Mumbai-400088,
Maharashtra, India |
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Date of Birth/Age : |
27.04.1962 |
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Date of Appointment : |
17.01.2017 |
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PAN No: |
AGCPM0564F |
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DPIN No.: |
02973865 |
CONTRIBUTION DETAILS
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Names of Persons |
INR in Million |
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Kalpana Mahendran |
0.050 |
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Mahendran Ramamoorthy |
0.050 |
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Total |
0.100 |
BUSINESS DETAILS
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Line of Business : |
· Trader of Steels. [Confirmed by Management] · Manufacturer, Produce, Process, treat, Assemble, Alter, Convert, Commercialize, Galvanize, Machine, Cut, Roll, Re-Roll, Trim, Turn to account and to act as agent, broker, stockists, distributor, importer, trader, buyer, seller, vendor, engineers, metallurgists, consultant, job worker or otherwise to deal in all shapes, size, uses, capacities, specifications, descriptions and varieties of products etc. [Registered Activity] |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Facilities : |
--- |
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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
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Particular |
INR in Million |
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Total Obligation of
Contribution: |
INR 0.118 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2017 |
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SHAREHOLDERS FUNDS |
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1] Partners Capital Account |
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0.118 |
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2] Reserves & Surplus |
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0.000 |
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NETWORTH |
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0.118 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.118 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.160 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.160 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
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Other Current Liabilities |
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0.042 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.042 |
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Net Current Assets |
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0.118 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.118 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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|
31.03.2017 |
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SALES |
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Revenue from Operations |
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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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Legal and Professional Fees |
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0.032 |
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Audit Fees |
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0.010 |
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TOTAL |
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0.042 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
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(0.042) |
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Less |
FINANCIAL
EXPENSES |
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0.000 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
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(0.042) |
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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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(0.042) |
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Less |
TAX |
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0.000 |
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PROFIT/(LOSS)
AFTER TAX |
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(0.042) |
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KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
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|
31.03.2017 |
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Average Collection Days (Sundry
Debtors / Income * 365 Days) |
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0.00 |
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Account Receivables Turnover (Income / Sundry Debtors) |
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0.00 |
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Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
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0.00 |
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Inventory Turnover (Operating Income / Inventories) |
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0.00 |
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Asset Turnover (Operating Income / Net Fixed Assets) |
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0.00 |
LEVERAGE RATIOS
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PARTICULARS |
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|
31.03.2017 |
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Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
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0.26 |
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Debt Equity Ratio (Total Liability / Networth) |
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0.00 |
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Current Liabilities to Networth (Current Liabilities / Net Worth) |
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0.36 |
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Fixed Assets to Networth (Net Fixed Assets / Networth) |
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0.00 |
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Interest Coverage Ratio (PBIT / Financial Charges) |
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0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
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|
31.03.2017 |
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Net Profit Margin ((PAT / Sales) * 100) |
% |
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0.00 |
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Return on Total Assets ((PAT / Total Assets) * 100) |
% |
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(26.25) |
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Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
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(35.59) |
SOLVENCY RATIOS
|
PARTICULARS |
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|
31.03.2017 |
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Current Ratio (Current
Assets / Current Liabilities) |
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3.81 |
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Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
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3.81 |
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G-Score Ratio Financial (Networth / Total Assets) |
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0.74 |
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G-Score Ratio Debt (Debts / Equity Capital) |
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0.00 |
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G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
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3.81 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
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 |
No |
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5 |
Buyer visit details |
-- |
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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 |
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 |
|
13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
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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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CORPORATE INFORMATION
The Industeel India LLP was incorporated on 17th January 2017.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
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|
Analysis Done by
: |
NIY |
|
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|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.