(i) Rajnandini Metal Limited was incorporated on dated March 18, 2010, in NCT of Delhi and Haryana The Company work as a crucial business interface, networking between manufacturers/ processors/yards and consumers/traders across the country. and the company pursue business based on quality contacts, information and service.
(ii) They operate as an important intermediary in the Metals Supply Chain whereby they import/purchase materials such as Annealed/Un-AnnealedCopper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supply the same to customers in the Metal Business.
(iii) The Company Product Portfolio offers a diversified product range which includes a variety of grades, thickness, widths and standards, in of all types of ferrous and Non-ferrous Metals according to customer specifications. They have been conscious of addressing environmental and safety concerns and our stocking facilities.
Promoters of Rajnandini Metal Limited IPO Company are:
(i) Mr. Het Ram, aged 38 years, is the Promoter & Managing Director of our Company. He has done Bachelor of Arts from Kurukshetra University. He has a rich experience of 15 years in the business field and is running our company since incorporation. He is a proven influencer & negotiator and has a pragmatic approach to getting the required results. He has a power track record through his leadership vision and understanding of legal, regulatory, information security and compliance requirements of the industries. His long professional career gives guidance to his employees in achieving targets in a dynamic and complex business environment, building and maintaining a strong and effective relationship with customers and suppliers and handling operational issues. The Gross Compensation paid to him during Fiscal Year 2017-18 as remuneration was Rs. 24,00,000/- p.a.
(ii) Mrs. Mithlesh Sharma, aged 40 years, is the Promoter & Director of Our Company. She has done Bachelor of Arts from Kurukshetra University. She has pioneered the needs in various fields of the industry. She is an expert in human relations and has hired trained and managed internal staff. She has
planned and directed the strategies, development of advertising campaign, creative development for the company. The Gross Compensation paid to him during Fiscal Year 2107-18 as remuneration was Rs.6,00,000/- p.a.
Financials of Rajnandini Metal Limited IPO:
For the year/period ended (in Rs Lacs)
Profit After Tax
Comparison With Peers:
Currently, there are no listed companies in peer group company which are strictly comparable to them with respect to the Industry in which they operate and the size of our company.
Recommendation on Rajnandini Metal Limited IPO:
Review and Recommendation of Rajnandini Metal Limited IPO from IZ team is:3/10
[The Company do only trading as such there is no moat in the business. The asking P/E at 19.2 is very high for an SME company. D/E, Current Ratio and Interest Coverage Ratios are not at all comfortable. The company has poor RONW 0f 7.6%.]