MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MASCOT GLOBAL Private Limited
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Registered Office : |
Gangotri Glacier Annex, Kavesar, Opposite Vijay Nagari,
Off Ghodbunder Road, Thane – 400607, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
13.03.2008 |
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Com. Reg. No.: |
11-180073 |
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CIN No.: [Company
Identification No.] |
U51109MH2008PTC180073 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Agents for Perfluoro Elastomers, 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 has taken over the running business of erstwhile Sole
Proprietory Concern, Mascot International. Trade relations are fair. Payments
are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Ms. Savita |
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Designation : |
Export - Import Department |
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Date : |
03.10.2008 |
LOCATIONS
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Registered Office : |
Gangotri Glacier Annex, Kavesar, Opposite Vijay Nagari,
Off Ghodbunder Road, Thane – 400607, Maharashtra, India |
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Tel. No.: |
91-22-25976464 / 6465 / 6455 |
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Fax No.: |
91-22-25976466 |
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Mobile No.: |
91-9819131067 (Mr. Girish Kamath) |
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E-Mail: |
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Websites : |
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Area : |
1000 Sq.fts |
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Location : |
Owned |
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Corporate Office : |
2 nd
Floor, Magnolia, Eden Woods Complex, Gladys Alwarys Road, Thane (West) -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 : |
http://www.mascotintl.com (Under
Construction) |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
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Resident Representatives : |
Located At :
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DIRECTORS
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Name : |
Mr. Girish Kamath |
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Designation : |
Director |
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Date of Birth/Age : |
29 years |
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Qualification : |
BA |
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Mobile No.: |
9-198191031067 |
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Name : |
Mr. Prajol |
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Designation : |
Director |
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Date of Birth/Age : |
45 years |
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Qualification : |
B. Com |
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Name : |
Mr. Uman Vardhan |
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Designation : |
Director |
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Date of Birth/Age : |
40 years |
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Qualification : |
B. Com |
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Name : |
Mr. Pradeep Dhole |
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Designation : |
Director |
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Date of Birth/Age : |
50 years |
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Qualification : |
B. Com |
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 Perfluoro Elastomers, 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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Exports : |
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Countries : |
Italy, Singapore, USA |
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Imports : |
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Products : |
Industrial Products |
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Countries : |
U. S. A., U. K. and Germany |
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Terms : |
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Selling : |
Credit [30 days] |
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Purchasing : |
L/C, Credit (30-60 days) |
GENERAL
INFORMATION
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Customers : |
End Users and OEM’s
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No. of Employees : |
15 |
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Bankers : |
Axis 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 : |
-- |
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Auditors : |
Not Divulged |
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Associates/Subsidiaries
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Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Expected Sales (2008-09): 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
- Reliance Industries Limited
- Bharat Petroleum
Corporation Limited
AS PER WEBSITE
Company Profile
Subject an industrial marketing organisation was established in
2001 with a business purpose of
- Profit through customer and principal satisfaction
- Knowledge, skill Imparting
- Business and Personal growth by sharing
They provide complete marketing
solutions in a competitive Industrial Marketing Environment. They have
established their selves in India in the core sectors in India like Oil and
Gas, Refineries, Petrochemical, Fertilizers, Power, Chemical, Automobile and
Pharmaceutical Sectors. They are in the process of expanding their operations
to other ASIAN COUNTRIES.
People is the core strength of the
Organizaion An experienced lot, 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 Houston USA, Milan Italy and Dubai UAE
other than having target offices in India.
In a short span they are proud to
have an association with impressive list of companies to represent their
products in India. The companies and the products they represent are one of the
best in the respective field namely Dupont
USA, Inpro Seals USA, Centra lube UK etc. Their Products aim at enhanced
production, zero maintanence and down time for critical operating
equipments.
Their vision is to become one of
the leading Industrial marketing solution provider in India and to offer
business process outsourcing in Industrial Marketing. With an exponential
growth till date, MASCOT International
is poised to become an unique entity providing complete solutions in Industrial
Marketing
Liasioning:
They Offer Project and Customer
Specific marketing services for high value contracts. Their strength are with
the large public and private sector companies in India involved with Oil and
Gas, refining and 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 following 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 professional
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, India Prisons Service,
Interpol, etc.
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.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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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