MIRA
INFORM REPORT
|
Report Date : |
19th
june, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
MARS
EXIM |
|
|
|
|
Registered Office : |
G – 1
– 718, Derby Road, Basni Phase – II, Jodhpur – 342 005, Rajasthan, India |
|
|
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Country : |
India |
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|
|
|
Financials (as on) : |
31.03.2005 |
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|
|
|
Date of Incorporation : |
2003 |
|
|
|
|
Legal Form : |
Sole
Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer,
Trader, Importer and exporter of Handicrafts & Wooden Furniture. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
Small
Concern |
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|
|
|
Payment Behaviour : |
Slow
but Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject
is a small and unknown concern. Trade relations are fair. Payments are
reported as slow but correct. The
concern can be considered for small to mediocre business dealings at usual
trade terms and conditions |
LOCATIONS
|
Registered Office/ Factory : |
G – 1
– 718, Derby Road, Basni Phase – II, Jodhpur – 342 005, Rajasthan, India |
|
Tel. No.: |
91-291-2742947 |
|
Mobile No.: |
91-9314025500 |
|
Fax No.: |
91-291-2619298 |
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E-Mail : |
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|
Area : |
2000
sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr.
Dharminder Lohia |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
26
Years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader, Importer and exporter of Handicrafts & Wooden Furniture. |
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|
|
|
Exports to : |
UK,
USA & Netherland |
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|
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Terms : |
|
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Selling : |
L/C,
cash and Credit (30 days) |
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|
|
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Purchasing : |
Sight,
cash and Credit (30 days) |
GENERAL
INFORMATION
|
Customers : |
Export
trading Only and End Users |
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|
|
|
No. of Employees : |
50 |
|
|
|
|
Bankers : |
State
Bank of Bikaner & Jaipur, Jodhpur |
|
|
|
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Facilities : |
Credit
Limit: Rs. 2.500 Millions |
|
|
|
|
Banking Relations : |
Unknown |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
0.700 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
0.700 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover |
|
1.700 |
1.500 |
|
|
|
|
|
|
Profit/Loss for the year |
|
0.400 |
0.300 |
|
|
|
|
|
|
Export Value |
|
100% |
100% |
LOCAL AGENCY
FURTHER INFORMATION
Trade
References:
v
Madhav
Daga
Mobile No.: 91-9350339990
v
Shree
Steels, Jodhpur
AS
PER WEBSITE:
Company
Profile:
India being a land of diverse culture, lifestyle and
tradition has developed its own peculiar position and ethnic diversity creating
a blend of the most captivating hues. The techniques and crafts perfected over
centuries continue to captivate the generation of today.
India has a rich history of
handicrafts that has evolved over the centuries. Indian Handicrafts are
the true specimens of the dexterity of an expert craftsman. These handmade
crafts present forth the vast cultural and ethnic diversity of the Indian
culture. A variety of motifs, techniques and crafts have flourished on this
land.
At MARS EXIM they
strive to play a part in placing Indian Craftsmanship on the pedestal of
admirable achievement and bring the world at India’s doorstep. They bring to
you ethnic Indian handicrafts, ancient artifacts and handmade crafts.
Representing the amalgamation of what the best traditional craft has to
offer with modern technical expertise.
Their product range includes Antique
designs and New Furniture, Iron crafts, Marble, granite &
Combinations of the same. Furniture includes Tables, chairs, Bookshelf, side
Boards, Dressers, Cabinets, Almirah, Boxes as well as Wine Wrecks and Photo
Frames etc.
Design & Development
Continuous innovation in terms of new Product
development and Designs is what which keeps us growing and help us
in providing you the best product. The product development department
constantly and continually evolves new styles and ranges resulting out of
traditional skills combined with today’s styles & trends, to satisfy the
most refined tastes. A constant effort to provide items that are truly handcrafted
with uncompromising quality is what they ensure.
Services
-
Wide selection and customization of products as per buyer’s
specifications and designs.
- In house product
designing and development facilities.
- Reliable quality
workmanship and safe economical packaging.
Products:
The entire
wealth of timeless Indian handicrafts has survived through ages. The legacy of
Indian culture promises everything- beauty, dignity, form and style. The
magnetic appeal of their products resides in its exclusivity, its mystical tone
that leaves people amazed at their sight
Wooden Furniture
Latest Range Furniture
Garden Furniture
Decorative
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.89 |
|
UK
Pound |
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.57.78 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |