MIRA INFORM REPORT
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Report Date : |
24TH November,
2006 |
IDENTIFICATION DETAILS
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Name : |
AIMEE
BAJAJ INTERNATIONAL |
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Registered Office : |
B-74, Sector – 57, Gautam
Budh Nagar, Noida – 201 301 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1987 |
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TAN No.: [Tax Deduction & Collection Account No.] |
DELA16133F |
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PAN No.: [Permanent Account No.] |
AAACA7623C |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacture
& exporters of scented candles wholesale, gel candles, floaters &
tapers, tea light, pillar candles, garden torches, wax candles etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track. Partners are
reported as experienced, respectable and having satisfactory means of their
own. Their 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 : |
B-74, Sector – 57, Gautam
Budh Nagar, Noida – 201 301, India |
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Tel. No.: |
91-120-2588522/2589733/2589744/2589755 |
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Fax No.: |
91-120-2588523 |
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E-Mail : |
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Location : |
Owned |
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Factory 1 : |
B-74, Sector – 57, Gautam
Budh Nagar, Noida – 201 301, India |
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Tel. No.: |
91-120-2588522/2589733/2589744/2589755 |
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Fax No.: |
91-120-2588523 |
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E-Mail : |
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Area : |
35000
Sq. ft |
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Location : |
Owned
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PARTNERS
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Name : |
Ms.
Aimee Bajaj |
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Designation : |
Partner |
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Date of Birth/Age : |
51
Years |
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Qualification : |
Graduate |
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Experience : |
31
Years |
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Name : |
Mr.
Ashok Bajaj |
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Designation : |
Partner |
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Date of Birth/Age : |
51
Years |
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Qualification : |
Graduate
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Experience : |
31
Years |
BUSINESS DETAILS
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Line of Business : |
Manufacture
& exporters of scented candles wholesale, gel candles, floaters &
tapers, tea light, pillar candles, garden torches, wax candles ect. |
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Products : |
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Exports to : |
Europe,
U.S.A |
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Imports from : |
China,
Germany, U.S.A, France |
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Terms : |
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Selling : |
L/C,
Others or Payments advance |
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Purchasing : |
L/C
& Cash |
GENERAL INFORMATION
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Customers : |
Wholesalers
& Retailers |
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No. of Employees : |
90 |
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Bankers : |
Indian
Overseas Corporations, Golf Links, New Delhi |
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Facilities : |
The
concern enjoy cash credit facility of Rs. 1.000 Millions from its branch. |
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Banking Relations : |
Satisfactory |
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Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.
5.000 Millions |
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Borrowed : |
Rs.
1.000 Millions |
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Total : |
Rs.
6.000 Millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
45.000 |
40.000 |
25.000 |
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Export Value |
NA |
70 % |
70 % |
LOCAL AGENCY FURTHER INFORMATION
Web Site Details:
LimelightTM Candles is the brand name for designer candles from Candleshoppe, a
concern of Aimee Bajaj International. Aimee Bajaj, a graduate of the J.
J. School of Arts, Mumbai, started Candleshoppe in 1984. She is a leading
interior designer and furniture specialist based in New Delhi. Candle making
began as a hobby and over the years blossomed into a business catering to the
needs of thousands of loyal customers not only in India but also in different
parts of the world.
While Aimee is the creative force behind Limelight, her husband Ashok handles
all the intricacies associated with running a business. Their son, Jeh is the
Chief Controller - Production and handles the manufacturing end. The trio also
brainstorms on innovations and constant experimentation that makes them the
premier candle-house in India today.
They are manufacturers, suppliers and exporters of scented candles, gel candles, floating candle, aromatherapy candles, oil lamps.
Having earned International recognition and become approved suppliers to some
of the world's famous stores, They are confident that They can meet your
expectations, however personalized and exacting. Their range is truly
exhaustive and the variety almost staggering.
Their master craftsmen working under some of the most fertile, imaginative and
innovative minds, turn out elegant and fascinating shapes in sizes, hues and
fragrances that never fail to delight
Their
painstakingly manufactured floating candles carry a distinct appeal. These
floating candles are artistically designed to create a unique ambience as they
float on water.
Their candles are
available in different varieties including :
¤ Scented Candles
¤ Aromatherapy Candles
¤ Metallic Lacquers
¤ Gel Wax Candles
¤ Stone Antiques
¤ Embedded Candles
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.87 |
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UK
Pound |
1 |
Rs.85.99 |
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Euro |
1 |
Rs.58.15 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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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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46 |
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
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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 |