|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498917 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TURAKHIA FERROMET PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
414, 4th Floor, Vyapar Bhavan, 49, |
|
Tel. No.: |
91-22-23771482 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
24.05.1994 |
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|
|
|
Com. Reg. No.: |
11-078585 |
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|
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Capital
Investment / Paid-up Capital : |
INR 220.635 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1994PTC078585 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACT1424C |
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|
|
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TIN No.: |
27160366520 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACT1424C1ZX |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer in Iron and Steel (Registered Activity) |
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|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
|
Comments : |
Subject was incorporated in the year 1994 and it is a dealer of iron and steel. As per Registrar of Companies, the date of filling is shown as 31.03.2017 but documents related to the FY 2017 are not available from any other sources. As per available financials of March 2016, the company has registered sound operations revenue and has reported decent profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with debt free balance sheet and decent liquidity position. However, rating strength is partially offset by sharp decline its revenue and ongoing slowdown in steel industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 22.03.2018
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
Management non-cooperative (Tel No.: 91-22-66194444)
(Tel No.: 91-23771482
– Not Exist)
LOCATIONS
|
Registered Office : |
414, 4th Floor, Vyapar Bhavan, 49, P D Meelo Road, Carnac
Bunder, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-66194444 |
|
Fax No.: |
91-22-23702807 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mansukhlal Rughnath Turakhia |
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|
Designation : |
Director |
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Address : |
141,Shaan Apartment, Kashinath Dhru Road, Dadar West, Mumbai - 400028, Maharashtra, India |
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Date of Birth/Age : |
13.11.1933 |
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Date of Appointment : |
24.11.1994 |
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DIN No.: |
00180243 |
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Other
Directorship:
|
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|
|
|
||||||||||||||||
|
Name : |
Nutan Mansuklal Turakhia |
||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Flat No 141, Shaan Apartment, 14th Floor, Kashinath Dhruv Street, Prabhadevi, Mumbai-400028, Maharashtra, India |
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Date of Birth/Age : |
24.01.1941 |
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Date of Appointment : |
25.02.2016 |
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PAN No.: |
AAEPT4001E |
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DIN No.: |
07482235 |
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MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
85.00 |
|
Public/Other than promoters (Body corporate) |
15.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer in Iron and Steel (Registered Activity) |
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Products / Services
: |
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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 : |
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|
Name : |
Manish Modi and Associates Chartered Accountants |
|
Address : |
2nd Floor, Gita Building, Plot No. 92, near HP Petrol Pump, Sion Circle (East), Mumbai - 400022, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAOFM4644C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate (As on
2017): |
Suprapti Finvest Private Limited CIN No.: U99999MH1996PTC103035 |
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|
Subsidiary company
(As on 2017): |
Turakhia International Private Limited CIN No.: U51909MH1991PTC173982 |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives (As on 31.03.2016): |
· Manoj Turakhia HUF · Steel Endeavours Private Limited · Steel Mart India Private Limited · Turakhia Engineering Company Private Limited |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR
240.700 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2206350 |
Equity Shares |
INR 100/- each |
INR 220.635 Million |
|
|
|
|
|
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2407000 |
Equity Shares |
INR 100/- each |
INR 240.700 Million |
|
200000 |
Preference Shares |
INR 100/- each |
INR 20.000 Million |
|
|
Total |
|
INR 260.700
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2206350 |
Equity Shares |
INR 100/- each |
INR 220.635 Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2607000 |
Equity Shares |
INR 100/- each |
INR 260.700 Million |
|
200000 |
Preference Shares |
INR 100/- each |
INR 20.000 Million |
|
|
Total |
|
INR 280.700
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2206350 |
Equity Shares |
INR 100/- each |
INR 220.635 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
220.635 |
220.635 |
220.635 |
|
(b) Reserves & Surplus |
778.135 |
760.160 |
733.697 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
998.770 |
980.795 |
954.332 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
1.317 |
1.438 |
1.477 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.317 |
1.438 |
1.477 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
5.191 |
6.537 |
79.455 |
|
(c) Other current liabilities |
5.239 |
8.984 |
1.057 |
|
(d) Short-term provisions |
1.602 |
0.434 |
133.859 |
|
Total
Current Liabilities (4) |
12.032 |
15.955 |
214.371 |
|
|
|
|
|
|
TOTAL |
1012.119 |
998.188 |
1170.180 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
30.653 |
34.488 |
36.400 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
174.581 |
184.581 |
225.617 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.192 |
7.721 |
2.275 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
207.426 |
226.790 |
264.292 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
15.647 |
9.650 |
|
(c) Trade receivables |
5.881 |
112.325 |
68.096 |
|
(d) Cash and cash equivalents |
2.987 |
17.936 |
38.278 |
|
(e) Short-term loans and
advances |
795.763 |
624.311 |
789.864 |
|
(f) Other current assets |
0.062 |
1.179 |
0.000 |
|
Total
Current Assets |
804.693 |
771.398 |
905.888 |
|
|
|
|
|
|
TOTAL |
1012.119 |
998.188 |
1170.180 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
51.898 |
221.344 |
1395.154 |
|
|
Other Income |
54.753 |
56.298 |
32.871 |
|
|
TOTAL
|
106.651 |
277.642 |
1428.025 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
36.574 |
230.111 |
857.832 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
15.647 |
(5.998) |
353.216 |
|
|
Employees benefits expense |
2.050 |
2.851 |
7.582 |
|
|
Other expenses |
5.468 |
9.470 |
190.845 |
|
|
TOTAL |
59.739 |
236.434 |
1409.475 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
46.912 |
41.208 |
18.550 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.257 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.912 |
41.208 |
18.293 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.929 |
1.912 |
2.243 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
42.983 |
39.296 |
16.050 |
|
|
|
|
|
|
|
Less |
TAX |
25.008 |
12.833 |
4.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
17.975 |
26.463 |
11.975 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
8.15 |
11.99 |
5.43 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
138.920 |
(81.032) |
92.445 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
41.36 |
185.23 |
17.82 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.82 |
1.97 |
20.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
51.80 |
10.37 |
33.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
2.63 |
1.92 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.53 |
1.19 |
0.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.01 |
0.02 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.01 |
0.02 |
0.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.04 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
72.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
34.64 |
11.96 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.78 |
2.65 |
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.80 |
2.70 |
1.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
66.88 |
48.35 |
4.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
66.88 |
47.37 |
4.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.99 |
0.98 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
66.88 |
48.35 |
4.23 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
220.635 |
220.635 |
220.635 |
|
Reserves & Surplus |
733.697 |
760.160 |
778.135 |
|
Net
worth |
954.332 |
980.795 |
998.770 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1395.154 |
221.344 |
51.898 |
|
|
|
(84.135) |
(76.553) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1395.154 |
221.344 |
51.898 |
|
Profit |
11.975 |
26.463 |
17.975 |
|
|
0.86% |
11.96% |
34.64% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
220.635 |
220.635 |
|
(b) Reserves & Surplus |
|
982.637 |
927.629 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
(d) Minority Interest |
|
209.666 |
186.922 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1412.938 |
1335.186 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.494 |
0.578 |
|
(c) Other long term
liabilities |
|
0.053 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.547 |
0.578 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
20.898 |
68.311 |
|
(b) Trade payables |
|
427.796 |
768.335 |
|
(c) Other current liabilities |
|
66.791 |
59.510 |
|
(d) Short-term provisions |
|
8.035 |
18.852 |
|
Total
Current Liabilities (4) |
|
523.520 |
915.008 |
|
|
|
|
|
|
TOTAL |
|
1937.005 |
2250.772 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
33.625 |
36.253 |
|
(ii) Intangible Assets |
|
87.185 |
87.185 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
15.813 |
59.502 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.312 |
8.832 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
139.935 |
191.772 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
333.413 |
387.335 |
|
(c) Trade receivables |
|
876.239 |
1184.753 |
|
(d) Cash and cash equivalents |
|
266.799 |
193.421 |
|
(e) Short-term loans and
advances |
|
317.859 |
291.348 |
|
(f) Other current assets |
|
2.760 |
2.143 |
|
Total
Current Assets |
|
1797.070 |
2059.000 |
|
|
|
|
|
|
TOTAL |
|
1937.005 |
2250.772 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
3757.370 |
4918.044 |
|
|
Other Income |
|
26.442 |
48.323 |
|
|
TOTAL
|
|
3783.812 |
4966.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
2745.653 |
4066.585 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
53.922 |
(29.895) |
|
|
Employees benefits expense |
|
23.566 |
23.006 |
|
|
Other expenses |
|
794.768 |
683.519 |
|
|
TOTAL |
|
3617.909 |
4743.215 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
165.903 |
223.152 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
23.410 |
31.474 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
142.493 |
191.678 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
4.898 |
4.656 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
137.595 |
187.022 |
|
|
|
|
|
|
|
Less |
TAX |
|
66.342 |
63.576 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
71.253 |
123.446 |
|
|
|
|
|
|
|
Less/
Add |
MINORITY INTEREST |
|
(22.745) |
(41.102) |
|
|
|
|
|
|
|
Less/
Add |
SHARE OF PROFIT
(LOSS) OF ASSOCIATES |
|
(0.384) |
0.000 |
|
|
|
|
|
|
|
|
TOTAL PROFIT/(LOSS)
FOR PERIOD |
|
48.892 |
82.344 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
22.16 |
37.32 |
LEGAL
CASES
HIGH COURT
|
BRIHAN MUMBAI ELECTRIC SUPPLY AND TRANSPORT VS TURAKHIA FERROMET LIMITED. AND ANR. |
|
high court-Mumbai |
|
Case no:22. WP/226/2010 |
|
Case status:Pending |
|
Judge:IST ASSTT. MASTER |
|
Date:2010-03-15T00:00:00Z |
HIGH COURT
|
BRIHAN MUMBAI ELECTRIC SUPPLY AND TRANSPORT VS TURAKHIA FERROMET LIMITED. AND ANR. FOR DIRECTION |
|
high court-Mumbai |
|
Case no:64. WP/226/2010 |
|
Case status:Pending |
|
Judge:TAXING MASTER |
|
Date:2010-06-14T00:00:00Z |
HIGH COURT
|
BRIHAN MUMBAI ELECTRIC SUPPLY AND TRANSPORT VS TURAKHIA FERROMET LIMITED AND ANR. to Order dated 1532010 by Respt. No.1 is valid BANK OF INDIA FORT MUMBAI400001 & RETD20135170 |
|
high court-Mum |
|
Case no:245. WP/226/2010 |
|
Case status: Pending |
|
Judge: HON'BLE SHRI JUSTICE M.S. SANKLECHAHON'BLE SHRI JUSTICE G. S. KULKARNI |
|
Date:2019-01-15T00:00:00Z |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
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 |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 2 3 Ashok Chambers Devji Ratanshi Marg (Broach Street), Mumbai – 400009, Maharashtra, India to the present address w.e.f. 18.02.2013
GENERAL INFORMATION: The nature of business of the company is dealer in Iron and Steel.
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
B84190875 |
10447343 |
SBICAP TRUSTEE COMPANY LIMITED |
03/08/2013 |
- |
2050000000.0 |
202, MAKER TOWER, 'E',CUFFE PARADE, COLABA, MUMBAI MAHARASHTRA 400005 INDIA |
|
2 |
B33611138 |
10338999 |
BANK OF INDIA |
11/02/2012 |
- |
150000000.0 |
MUMBAI MID CORPORATE, 70/80, M.G. ROAD, BANK OF INDIA BUILDING, MEZZANINE FLOOR, FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
3 |
A99186066 |
10158271 |
Bank of India |
02/05/2009 |
21/10/2010 |
1150000000.0 |
Mandvi Branch , Kanmoor House ,281/287 Narsi Natha Street, Mumbai MAHARASHTRA 400009 INDIA |
|
4 |
A93722916 |
90156789 |
Bank of India |
13/02/1998 |
14/08/2010 |
1150000000.0 |
Mandvi Branch , Kanmoor House ,281/287 Narsi Natha Street, Mumbai MAHARASHTRA 400009 INDIA |
|
5 |
Y10255751 |
90155981 |
BANK OF INDIA |
10/10/1994 |
- |
2500000.0 |
MANDVI BRANCHNARSI NATHA STREET BOMBAY MAHARASHTRA 400009 INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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
|
INR |
|
US Dollar |
1 |
INR 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.
·