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MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
KISAMAGO (SILVASSA) |
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Registered Office : |
804, Oceanic Carter Road, Bandra, Mumbai 400 050, |
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Country : |
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Date of Incorporation : |
Since 2 – 3 Years |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Traders of Die Lubricants, Plunser, Lubricants, Anti Solder Paste, Ejector,
Pin Lubricants, Ladle Coating, Aluminium Fluxes, Copper Fluxes and Bronze
Fluxes. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
-- |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Despite of our several approaches, management remained non-cooperative
during current investigation. The concern is not known in the consulted business circles. It is not
listed in the consulted trade and business directories or similar database. In view of the aforesaid, it would be prudent to deal with the concern
on fully safe and secured trade terms and condition, initially. |
LOCATIONS
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Registered Office : |
804, Oceanic Carter Road, Bandra, Mumbai 400 050, |
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Tel. No.: |
91-22-26461418 |
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Mobile No.: |
91-9820024679 |
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Location : |
Leased |
SOLE PROPRIETOR
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Name : |
Mr. Kishor Ramachandani |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Traders of Die Lubricants, Plunser, Lubricants, Anti Solder Paste,
Ejector, Pin Lubricants, Ladle Coating, Aluminium Fluxes, Copper Fluxes and
Bronze Fluxes. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Ø
Wholesalers Ø
Retailers Ø
End Users Ø
Coating Industry |
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No. of Employees : |
6 in Group |
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Bankers : |
Not Divulged |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Ø
Lubrikote Address: 804, Oceanic
Carter Road, Bandra (West), Mumbai 400 050, Date of Incorporation: 1980 Ø Kisamago (Silvasa) Address: 804, Oceanic
Carter Road, Bandra (West), Mumbai 400 050, Maharashtra, Line of
Business: Traders of Lubricants and Chemicals. Ø
Ramsons International Address: 804, Oceanic
Carter Road, Bandra (West), Mumbai 400 050, Maharashtra, Line of
Business: Traders of Lubricants and Chemicals. Ø
Rosh International Address: 804, Oceanic
Carter Road, Bandra (West), Mumbai 400 050, Maharashtra, Ø
Lubricants and Releaseants |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note:
Management remained non-cooperative during current investigation
LOCAL AGENCY FURTHER INFORMATION
Not Available
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.67 |
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1 |
Rs.82.12 |
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Euro |
1 |
Rs.55.60 |
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. |
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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