MIRA
INFORM REPORT
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Report Date : |
11.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
MAZAF
INTERNATIONAL AGENCIES |
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Registered Office : |
Lehri
House, 81, Mohammed Ali Road, Mumbai – 400003, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole
Proprietory Concern. |
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Line of Business : |
Importer and exporter of Safety Floor Sign, Anti Slip Mat, Sanitizer, LED Aerosol, Dispenser,
Soap Dispenser, Jumbo Roll Dispenser, Multi-Floor Paper Dispenser, LCD
Aerosol Dispenser, Metered Odour Neutralizer, Feminine Hygiene Bin, Air
Freshener Neutralizer, Radar Professional Insecticide Spray, Refresher, Metal
Polish, Furniture Polish, Concord Automatic Air Freshener Dispenser, Concord
Air Freshener, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
10000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track. Proprietor of the
concern is experienced, respectable and having satisfactory track records.
Trade relations are fair. General financial position is satisfactory.
Payments are usually correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
Lehri
House, 81, Mohammed Ali Road, Mumbai – 400003, Maharashtra, India |
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Tel. No.: |
91-22-23411937 |
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Mobile No.: |
91-9820137256 |
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Fax No.: |
91-22-23414772 |
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Website : |
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Area : |
225
sq. ft. |
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Location : |
Rented
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SOLE PROPRIETOR
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Name : |
Mr.
Mazhr Topiwala |
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Designation : |
Proprietor
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Date of Birth/Age : |
52
Years |
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Qualification : |
Graduate
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Experience : |
30
Years |
BUSINESS DETAILS
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Line of Business : |
Importer and exporter of Safety Floor Sign, Anti Slip Mat, Sanitizer, LED Aerosol, Dispenser,
Soap Dispenser, Jumbo Roll Dispenser, Multi-Floor Paper Dispenser, LCD
Aerosol Dispenser, Metered Odour Neutralizer, Feminine Hygiene Bin, Air
Freshener Neutralizer, Radar Professional Insecticide Spray, Refresher, Metal
Polish, Furniture Polish, Concord Automatic Air Freshener Dispenser, Concord
Air Freshener, etc. |
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Products : |
v Safety
Floor Sign v Anti
Slip Mat v Urinal
Sanitizer v LED
Aerosol v Dispenser v Soap
Dispenser v Jumbo
Roll Dispenser v Multi-Floor
Paper Dispenser v LCD
Aerosol Dispenser v Metered
Odour Neutralizer v Feminine
Hygiene Bin v Air
Freshener Neutralizer v Radar
Professional Insecticide Spray v Fresh
and Fresh Refresher v Metal
Polish v Furniture
Polish v Concord
Automatic Air Freshener Dispenser v
Concord Air Freshener |
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Imports from : |
Hygiene
Products from Malaysia and China |
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Export to : |
Far East and Middle East |
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Terms : |
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Selling : |
Credit
[15 days] or Advance payment |
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Purchasing : |
Cash,
Credit [30 days] or Advance payment |
GENERAL
INFORMATION
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Customers : |
Wholesalers,
End users, Hotel and Restaurants Industry |
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No. of Employees : |
3 |
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Bankers : |
Bombay
Mercantile Bank Limited Byculla
Branch, Mumbai ICICI
Bank Zaveri
Branch, Mumbai – 400002 |
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Facilities : |
The
concern donot enjoy facility from it’s bankers. |
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Banking Relations : |
-- |
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Associates/Subsidiaries : |
Amir
Impex Lehri House, 81, Mohammed Ali Road, Mumbai – 400003, Maharashtra Exporter
of House Keeping Appliances to Far East and Middle East |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
1.000 millions |
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Borrowed : |
-- |
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Total : |
Rs.
1.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
|
35.000 |
1.000 |
Expected
Sales for March 2007 : Rs. 45.000 millions
LOCAL AGENCY FURTHER
INFORMATION
Mazaf International Agencies was established in
the year 1993 and has come a long way after expanding its business in the
competitive market. They understand the dynamic nature of today's market where
the customer is extremely knowledgeable and aware of the lifestyle and
environment. Thus, they strive to make environment friendly products.
They mainly deal in two categories of products i.e. House Keeping
Products and Hygiene Products. They are a well known trading company, importer and
exporter of Safety Floor Sign,
Anti Slip Mat, Sanitizer, LED Aerosol, Dispenser, Soap Dispenser, Jumbo Roll
Dispenser, Multi-Floor Paper Dispenser, LCD Aerosol Dispenser, Metered Odour
Neutralizer, Feminine Hygiene Bin, Air Freshener Neutralizer, Radar Professional
Insecticide Spray, Refresher, Metal Polish, Furniture Polish, Concord Automatic
Air Freshener Dispenser, Concord Air Freshener, etc. Their
products are used for both domestic and industrial use. Their import market is
mainly based in East and Middle East.
They believe in quality and do not compromise on it.
Quality Assurance
Their
products are as per the international standards. Dealing with hygienic, safety
and other house keeping products, they leave no margin for error. All their
products are of supreme quality. They boast of having a good recognition in the
market for their quality products and over the years they have built up a
satisfied clientele.
Infrastructure
They
have a single production line of the latest standard and employ efficient and
dedicated employees. They conduct their operations with honesty and integrity.
They have always believed good human resource results in superior quality
products, so they maintain a very healthy working environment and
encourage interactions between their employees and respect innovative products.
Company
Profile
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Business
Type |
Exporter
, Importer , Trading Company |
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Import
Percentage |
50% |
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Sales
Volume |
Rs.
25 Millions |
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Year
of Establishment |
1993 |
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 |
Rs.45.16 |
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UK
Pound |
1 |
Rs.85.99 |
|
Euro |
1 |
Rs.57.92 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
46 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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