MIRA
INFORM REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ROLEX METAL DISTRIBUTORS |
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Registered Office : |
57-A, Khatargalli, Thakurdwar, Mumbai-400002, |
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Country : |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Year of Establishment : |
1976 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader and importer of Stainless Steel, Carbon Steel, Alloy Steel, Boiler Quality Plates, Pipes and Pipe Fittings |
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No. of Employees
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3 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a Proprietory concern having satisfactory track. The
management denied to disclose any information about the concern. Therefore, the
report is based on our database of the company. Payment terms are unknown. The concern can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
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Name : |
Mr. Mukesh Shah |
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Designation : |
Proprietor |
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Contact No.: |
91-9820292499 |
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Date : |
03.06.2011 |
LOCATIONS
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Registered Office : |
57-A, Khatargalli, Thakurdwar, Mumbai-400002, |
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Tel. No.: |
91-22-23858802/23858802/23823963 |
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Mobile No.: |
91-9820292499 [Mr. Mukesh Shah] |
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Fax No.: |
91-22-23898724 |
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E-Mail : |
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Website : |
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Area : |
Rented – 100 sq.fts |
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Head Office : |
Rolex Metal
Distributors 57-A,
Khatargalli, Thakurdwar, Mumbai-400002, |
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Tel. No.: |
91-22-23858802/23823963 |
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Fax No.: |
91-22-23898724 |
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E-Mail : |
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Website : |
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Representatives
at : |
> 1-5-1 Toranomon,
Minato-Ku, Tokyo-1058431, Tel. No.: 81-3-35026448 Fax No.: 81-3-35026428 E-Mail: rolexjp@rolexmetal.com > S-43745, Tel. No.:
46-340-666942 Fax No.:
46-340-666950 E-Mail: rolexswd@rolexmetal.com > 8706, Katy
Freeway, Tel. No.:
713-688-4646 Fax No.:
713-688-7647 E-Mail: rolexusa@rolexmetal.com > Cidex 68
Voie Communale 101 64172 Serres Tel. No.:
33-5-59832485 Fax No.:
33-5-59833811 E-Mail: rolexfra@rolexmetal.com |
SOLE PROPRIETOR
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Name : |
Mr. Mukesh Shah |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Trader and importer of Stainless Steel, Carbon Steel, Alloy Steel, Boiler Quality Plates, Pipes and Pipe Fittings |
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Products : |
Ř Pipes and Tubes Ř Rods and Bars Ř Flanges Ř Sheets and Plates Ř Fittings |
GENERAL INFORMATION
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No. of Employees : |
3 [Approximately] |
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Bankers : |
Bank of |
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Facilities : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE DETAILS
Company Profile
The
Rolex Metal Distributors (A Group Company of Rolex Alloys
International) since 1976 is an international industrial distributor and stockholder
of sheets, plates, pipes, tubes, bars, fittings and flanges. The Group is
active in practically all sectors of industry. The customer is the focus of all
activities of the company. The Group's customer oriented approach is supported
by the extensive range of products - both in types and sizes - that it handles
and the comprehensive service package it offers.
Rolex
Metal was initially set up to provide an unrivalled service, specifically for
the stock items, or fast track manufacture, supplied fully tested to project
specifications.
Their
reputation of supplying items from ISO approved sources, in a multitude of
grades, to their customers demands and requirements has seen them transform
into a major stockist
To
provide the level of service and quality to which they strive, they only use a
select supplier base (all approved with ISO 9001-2000 / International
standards) be it either for finished components, manufacture or raw materials
At
the Rolex Metal Distributors Group two functions are of importance. The company
has its origins as a distributor, which carries a wide range of products. In
more than 30 years Rolex Metal has built up a wealth of knowledge and expertise
in products and their applications, markets, suppliers and distribution. These core
competences have enabled Rolex Metal to develop a second role, that of logistic
specialist. In addition to supplying products, Rolex Metal today also focuses
on the provision of specialist services and project management. The aim is to
provide a customized service, which is geared to the needs of the customer
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.44.72 |
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1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.