MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZORBA INTERNATIONAL CHEMICALS AND COSMETICS |
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Registered Office : |
H -1/44, Krishnapuram, G. T. Road, Kanpur – 208007, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 (But export started in 2002) |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of natural shaving alum block, alum shaving,
alum stones, deodorant stones, blocks, after shavve altrrative nedicine, skin
care and beuty care 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 12000 |
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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. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
H -1/44, Krishnapuram, G. T. Road, Kanpur – 208007, Uttar Pradesh,
India |
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Tel. No.: |
91-512-6453860 |
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Mobile No.: |
91-9935365634/9415127657 |
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Fax No.: |
91-512-2402333 |
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E-Mail : |
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Area : |
350 sq. yds. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Sudhir Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
38 years |
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Qualification : |
Graduate |
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Experience : |
10 years |
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Name : |
Mr. Subhash Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
42 years |
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Qualification : |
Graduate |
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Experience : |
11 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of natural shaving alum block, alum shaving,
alum stones, deodorant stones, blocks, after shavve altrrative nedicine, skin
care and beuty care etc. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit (60 days) |
GENERAL
INFORMATION
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Customers : |
Local Customers |
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No. of Employees : |
9 (4 – Office, 5 – Factory) |
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Bankers : |
Canara Bank, Palika, Kanpur – 2208001 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
R. K. Parmanki and Company Chartered Accountants |
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Address : |
Birhana Road, Kanpur |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.3.000 Millions |
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Borrowed : |
- |
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Total : |
Rs.3.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
20.000 |
18.500 |
15.000 |
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Net Profit |
1.300 |
1.520 |
1.465 |
LOCAL AGENCY
FURTHER INFORMATION
Website details:
Their acme of excellence in manufacturing higher grade
deodorant stones/ blocks and cakes, help them to earn a reputable status in a
very short span of time.....
With a perfect blend of highly qualified workforce and latest standardized
techniques, Subject a noted manufacturer and exporter of Shaving Alum Deodorant
Stones/Blocks/ Cakes. Their products are formulated with an impeccable
combination of the finest grade of Natural Alum in order to assist their
customers in countering the effects of skin aging. They are professionally
managed by a group of highly skilled professionals at every stage of their
operation to ensure flawless production at every level. By applying their
product, the skin appears soft and silky immediately.
Product development at subject is continuous and responding to their evolving
needs with utmost precision. The driving forces behind the shaping of Natural
Alum and skincare products are innovative ideas, advanced technology and
fashion-conscious thinking, which has enabled them to come up with
different product shapes, which is immensely popular amongst men and
women all around the globe. Potassium alum is a pure product made without any
addition of chemicals, fragrances, oil or alcohol.The chemical formula is
K2SO4Al2(SO4)3.24H2O. Potassium alum has a soothing and refreshing effect and
is unscented, non-staining, hypoallergenic, which stops body odor for over 24
hrs.
Product
Subject is a highly reputed manufacturer and exporter
engaged in offering high quality Shaving Alum Deodorant Stones/Blocks/cakes.
They are composed of natural high quality Potassium Alum that contain superior
moisturizing and beautifying properties to enhance the health and beauty of the
skin. Their endeavors are actually directed towards achieving the highest level
of customer satisfaction. They take great pride in knowing that their products
set the standards for performance and reliability all around the globe.
Other
Application of the products
- Natural Alum can also be used as:
- White Crystal
Blocks
- Antiseptics
- Alternative
Medicine
- Astringent
- Skin Care
- Beauty Care
- Grooming
- After Shave
- Potassium
Sulphate
- Fitkory
- Toiletries
- Deodorant
Stone
- Aluminum
Sulphate
Advantage
of our products
Alum, a natural mineral found in Europe and used by the Egyptians more than
4,000 years ago, is a shaving essential for any well-groomed man. Its
antiseptic properties calm razor burns and soothe irritations, and help stop
bleeding in the event of a nick or cut. Alum Block is appropriate for all skin
types and can be used as an astringent for oily complexions.
Quality
and Infrastructure
Superior quality is the primary concern at Zorba. They
utilize their state-of-the art technology to incorporate natural alum into
products that are gentle and safe enough for sensitive skin. All their products
are specifically designed to take a targeted approach, which addresses specific
skin concerns. They endeavor to provide solutions to all their skin and body
care related requirements. The production is carried out by employing ultra
modern machines and equipments manned by well trained professionals to ensure
flawless production.
Packaging
They keep upgrading their selves with latest equipment, most modern and sophisticated
grading and packing techniques, in order to keep pace with the technological
advancement. Not only do they provide superior quality products but also
provide absolute packaging solution to their clients. They ensure that all
their products are adequately packed and reach the clients in the best of
shape.
Research
and Development
As a leading name in the industry, it is their ongoing commitment to devote
their talents and efforts, in ensuring their continued expansion. They have
enhanced their global presence and made their presence felt in the
international arena.
Distribution
Network
Their never dying quest of formulating innovative and advanced products has
resulted in their steady growth and the absolute satisfaction of their several
sole selling agents, worldwide, in various international markets. They are
committed towards joint efforts and benefits with their partners and
distributors. They strongly believe in supporting their international
distributors in promoting, marketing and selling their products most
successfully and profitably by means of quality products and fair prices.
Clientele
Their sincere approach towards product innovation and client satisfaction has
helped them earn a huge clientele spread all across the globe. They have been
successfully exporting to several countries including; USA, Australia and have
carved a niche for their selves in the international market.
There are various qualities that they possess and these
factors have assisted them in observing success in the international market
place. Few of the important ones are listed below:
- A Natural Alum range of world-class products, at most competitive
prices. Exclusive Marketing and Selling Rights in each country.
- Continuous Improvement in our Products, Packaging and Services.
- Their ability to develop any specific shape as per buyer
requirement in a cost effective manner.
- They are absolutely dedicated towards establishing a responsive,
mutually beneficial, and healthy and long standing trade relations with
all their business friends.
- Speedy and prompt Interaction with all their clients.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.38 |
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UK Pound |
1 |
Rs.80.07 |
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Euro |
1 |
Rs.57.66 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
NO |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
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. |
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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