MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MASCOT INTERNATIONAL |
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Registered Office : |
2nd Floor, Magnolia, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2001 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEM11763D |
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PAN No.: [Permanent
Account No.] |
AAOFM2019B |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Agents for Perfluoroelastomers, Lubrication Systems, Bearing
Isolators, Tank Gauging and Various Industrial Products. |
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 : |
Good |
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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 : |
2 nd Floor, Magnolia, Eden Woods Complex,
Gladys Alwarys Road,Thane (W) -400 607 , Maharashtra, India. |
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Tel. No.: |
91 - 22 - 25899482 / 25890898 |
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Mobile No.: |
91-9820532580 |
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Fax No.: |
91 - 22 - 25899477 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. [Owned by
Proprietor] |
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Resident Representatives : |
Located At :
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Corporate Office : |
Gangaotri Glacier Annex, Kavesar, Opposite Vijay Nagari,
Off Ghodbunder Road, Thane – 400607, Maharashtra, India |
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Tel. No.: |
91-22-25976464 / 6465 |
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Fax No.: |
91-22-25976466 |
SOLE PROPRIETOR
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Name : |
Mr. Arvind Kamath |
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Designation : |
Proprietor |
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Date of Birth/Age : |
38 Years |
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Qualification : |
Post Graduate |
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Experience : |
15 Years |
KEY EXECUTIVES
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Name : |
Mr. Girish Kamath |
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Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Agents for Perfluoroelastomers, Lubrication Systems, Bearing
Isolators, Tank Gauging and Various Industrial Products. |
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Products : |
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Agencies Held : |
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Imports : |
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Products : |
Industrial Products |
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Countries : |
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Terms : |
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Selling : |
Credit [30 days] |
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Purchasing : |
L/C, D/A, D/P and Credit |
GENERAL INFORMATION
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Customers : |
End Users and OEM’s
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No. of Employees : |
10 |
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Bankers : |
UTI Bank limited Thane Harinivas Branch |
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Facilities : |
The concern do not enjoy facility from it’s bankers. |
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Banking
Relations : |
-- |
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 |
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31.03.2007 |
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Sales Turnover |
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50.000 |
Expected Sales (2007-08) : Rs.100.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade Reference
- Burgmann
India Limited
- Finolex
Industries Limited
- Pumps India
Limited
- Indian Oil
Corporation Limited
- Kirloskar
Ebara Pumps Limited
AS PER WEBSITE
Profile
Subject an industrial marketing organisation was established in
2001 with a business purpose of
- Profit
through customer & principal satisfaction
- Knowledge,
skill Imparting
- Business
& Personal growth by sharing
They provide complete marketing solutions
in a competitive Industrial Marketing Environment. They have established their
selves in
People is the core strength of the
Organizaion An experiencedlot, with a positive attitude are always pleased to
serve the customer, well net worked and work with a positive attitude. The
activities include , manufacturing packaging, Liaisoning, Agency Business,
Consultancy and Training. Their representatives are present at
In a short span they are proud to
have an association with impressive list of companies to represent their
products in
Their vision is to become one of
the leading Industrial marketing solution provider in
Liasioning:
They Offer Project & Customer
Specific marketing services for high value contracts. Their strength are with
the large public & private sector companies in Inda involved with Oil &
Gas, refining & petro chemical business.
Being well versed with the
Purchasing system in Indian industry and with the excellent network, they are
very effective in providing marketing services and liasioning with the
customers for capital equipment supplies and large contracts for the indian
industry.
Training:
Having hands on experience in
relevent Industrial field they can provide training in the folowing specific areas:-
- Industrial
Marketing
- Centrifugal
pumps
- Mechanical
seals
- Oil
Mist Lubrication Systems
They can design the training
programme based on the customer needs.
Consultancy:
They offer profesional consultancy
in:
Industrial marketing : To position and sell industrial equipments for the Indian
Industry. To understand the purchasing norms and price the engineered products.
Help to increase the market share, and also price the realisation of the
product.
Rotating equipments: Selection of pumps and mechanical seals, increasing the
productivity, reducing the maintenance costs, substantially enhancing the
bearing life, reducing the spares inventory and spares costs, and to help
eliminate the down time of rotating equipments and the mechanical seals
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 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.44.01 |
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1 |
Rs.81.74 |
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Euro |
1 |
Rs.55.04 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
NO |
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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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54 |
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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