MIRA
INFORM REPORT
|
Report Date : |
29th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
I. A.
CRAFTS COLLECTION |
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|
|
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Registered Office : |
A –
16/ 331, Opposite B – Block, Yamuna Vihar, Main Wazirabad Road, Near Victoria
Public School, New Delhi – 110 094, India. |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
16.08.2004 |
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IEC No.: |
0504070461 |
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PAN No.: [Permanent
Account No.] |
AABF17188N |
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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 Antique Clocks, Nautical Items, Musical Instruments. |
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 |
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Maximum Credit Limit : |
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Status : |
Moderate |
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Payment Behaviour : |
Slow
but Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a small concern in its field. 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 : |
A –
16/ 331, Opposite B – Block, Yamuna Vihar, Main Wazirabad Road, Near Victoria
Public School, New Delhi – 110 094, India. |
|
Tel. No.: |
91-11-22186366 |
|
Mobile No.: |
91-9312327627 |
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Fax No.: |
91-11-22857066 |
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E-Mail : |
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Website : |
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Area : |
500
sq. mtrs. |
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Location : |
Owned |
PARTNERS
|
Name : |
Mr.
Imran Khan |
|
Designation : |
Partners |
|
Address : |
Mohalla
Holi Wala Man Market, hasanpur District Jyotiba Pholey Naga, Uttar Pradesh –
244 241 |
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Date of Birth/Age : |
27
Years |
|
Qualification : |
Graduate |
|
Experience : |
7
Years |
|
Mobile No.: |
91-9312327627 |
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|
|
|
Name : |
Mr.
Hamid Jussain |
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Designation : |
Partners |
|
Address : |
A –
16/331, Opposite B – Block, Yamuna Vihar, Brijpuri, New Delhi – 110 094,
India. |
|
Date of Birth/Age : |
50
Years |
|
Qualification : |
Matriculation |
|
Experience : |
25
Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Antique Clocks, Nautical Items, Musical Instruments. |
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|
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Products : |
Artificial
Jewellery: v Bracelet v Complete Jewellery Set v Ear ring v Finger ring v Locket v Necklace Wooden
Products: v Ashtray v Boxes v Candle Stands v Coaster v Nautical tables v Ship Wheel Nautical
Instruments: v
Binocular v
Compass v
Diving
Helmet v
Sand
Timer v
Sextant v
Telegraph v
Telescope Antique
Reproduction Products: v
Gramophone v
Telephone v
Wall
Clock v
Camera v
Antique
Cycle v
Press v
Megnifying
Glass v
Grand
Table v
Camera v
Money
Box v
Scale v
Lock Brass
Products: v
Bells v
Candle
Stands v
Statue Glass
Products: v
Epergne v
Kerosene
Lamp Home
Decorative Items: v
Curtain v
Cushion
Cover v
Wall
Hangings Leather
Products: v Bags v Horse Saddle Real
Antique Products: v Gramophone v Shackles v Wall Clock Musical
Instrument Armours: v Armour Helmet v Armours Lorika Watches: v
Pocket
Watch v
Table
Watch Christmas
Products: v
Christmas
Hanging v
Candle
Box v
Jesus
Ststue Gift
Items |
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Exports to : |
USA,
Canada and Europe |
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Terms : |
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Selling : |
L/C
& DA (90 Days) |
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Purchasing : |
CAD
& Credit (30 – 45 Days) |
GENERAL
INFORMATION
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No. of Employees : |
50 |
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Bankers : |
HDFC
Bank Limited, Raj Nagar, Ghaziabad, Uttar Pradesh. Current
Account No. 1532000007644 |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2005 |
31.03.2004 |
|
Net Worth |
|
0.500 |
0.425 |
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|
|
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Sales Turnover |
|
5.000 |
4.200 |
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Profit/(Loss)
Before Tax |
|
0.163 |
0.116 |
|
Provision
for Taxation |
|
0.028 |
0.016 |
|
Profit/(Loss)
After Tax |
|
0.135 |
0.100 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
2.70 |
2.38 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
3.25 |
2.75 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
27.00 |
23.53 |
The
projected turnover for the financial year ended 31.03.2006 shall be to the tune
of Rs. 5.500 Millions as claimed by the subject.
NOTE:
The
subject is a Non-incorporated business entity and thus not obliged to file any
information on itself with any Official Authority (Registrar of Company) open
for public inspection. The above-mentioned information is obtained directly for
the subject itself but the subject could not substantiate it by providing
audited financial statement like Balance sheet and Profit & Loss A/C.
LOCAL AGENCY
FURTHER INFORMATION
Business
dealings are permissible. The subject is a manufacturer and exporter of Gifts
items and Handicrafts items. The subject is also a export nautical instrument,
Gramophones, Telephones, wall clock, Cushion covers, Bed sheets, Curtains,
Pillow Covers. The subject is exporting its products to USA, Canada and Europe
on the selling term of LC and DA up to 90 Days. The subject can manufacture the
products according to the customers specifications and requirements.
Mr.
Imran Khan is looking after production and exports activities.
AS
PER WEBSITE:
AN
OVERVIEW...
They are engaged in the fast and efficient production of high quality antique
handicraft items such as wall clock and table clock. Restoring the essence of
the bygone era, they offer antique handicraft items made with a rustic flavor
and precision craftsmanship. Delivered at the right price and at the right
time, their products have earned an indubitable reputation for us.
They focus upon delivery of high quality products such as wall clock and table
clock along with superior client services to offer their clients a competitive
advantage & create value for their businesses. They will continue to
deliver excellent services, strive for continuous improvement and further
increase their presence in the global markets.
THEIR PRODUCT LINE...
They unveil their exclusive range of products such as wall clock and table
clock that is engineered as per the specifications of their clients:-
- Antique Clocks
- Wall Clock
- Table Clock
- Watches/ Pocket Watches
- Grand Father Clocks
- Nautical Items
- Gramophone
- Telephone
- Telegraph
- Telescope
- Diving Helmets
- Musical Instruments
- Saxophone
- Violin
- Trumpet
- Musical Horn
THEIR EXCELLENCE...
They have never compromised on quality and have successfully achieved a high
level of customer appreciation resulting in long-lasting relations. Their focus
on quality is evident in their product range. Their commitment to continuous
quality improvement touches every aspect of their products, services, and
customer support
THEIR
FACILITIES...
They possess a sound infrastructure. Backed by the most advanced design and
manufacturing systems and comprehensive technical support, they utilize
sophisticated equipment and technology to produce the unrivaled products to
help you be successful in the market place. Their diligent and young work force
strive continually to align processes to the need and expectations of their
clients.
THEIR PATRONS...
They are serving a huge list of satisfied and loyal clients all across the
globe who vouch for the quality of their products. They export their products
to European countries.
Home Page
Their recent incepted company I.A.
Crafts Collection has become one of the leading and fastest growing
manufacturers and exporters in a very short span of time. They are widely
engaged in the production of various products, which can be broadly categorized
under the Antiques and Replicas, Handicrafts and Home Furnishings.
Antiques and Replicas
Antique Look Telephone, Table Watches, Wall Clock, Lorica, Diving Helmets,
Brass Statues, etc.
Nauticals
They deals in all types of nauticals items, like; Telescopes, Sextants,
Brunton Compass, Zodiac Compass, Bineclear, Diving Helment, Telegraph etc.
Handicrafts
Wooden & Metal Work Jewellery Box, Brass Candle Stands, Diries, Wall
Hanging, Ship Wheel, Scale, Antique Press, Kerosine Lamp etc., all types of
gift articals.
Musical Instruments
Sexophone, Clarinet, Army Bigul, Texihorn, Trumpets, Musical Bass etc.,
Home
Furnishings
They have kept intact the traditional weaving and embroidery patterns in their
exclusive range of soft home furnishings like; Curtains, Bed sheet, Cushion
Cover, Sofa Cover, Chair Cover, Foot Rest, Carpets, Zari Products, Flowerwask,
Wall Hangings etc.
Their varied productions of Antique
Replicas, Decorative Handicrafts and Soft Home Furnishings have been vastly
appreciated across the Global Client base. All their productions are made
available in unique designs and patterns and can also be the most remarkable
gift articles. Since the time of their establishment, they have been providing
outstanding quality proven product range within the committed time frames.
Their fine craftsmanship and
detailed carvings and embellishments or embroidered weavings are absolutely
unique to perfection. They have never compromised on the commitment of offering
quality products. They have managed to maintain and showcase the age-old tradition
of Indian crafts at best affordable rates.
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.46.40 |
|
UK
Pound |
1 |
Rs.84.50 |
|
Euro |
1 |
Rs.58.32 |
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 |
NO |
|
--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 |