MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUBARNA ASHRAM |
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Registered Office : |
Canning Road , South Ramnagar , Baruipur 743387 , West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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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 ceramic Jablewares. |
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 2000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small established concern It’s trade relations are fair. Payments
are usually correct and as per commitments. The Concern can be considered for
small business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Canning Road , South Ramnagar , Baruipur 743387 , West Bengal |
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Tel. No.: |
91-33-24277400 |
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Fax No.: |
91-33-24775600 |
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Website : |
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Area : |
Owned |
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Location : |
2 Bighas |
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Head Office : |
Canning Road, South Ramnagar , Baruipur 743387 District South 24
Parganas. |
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Tel. No.: |
91-33-24277400 |
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Fax No.: |
91-33-24775600 |
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Branches : |
9/12, Lall Bazar Street, Kolkata-700001. |
PARTNERS
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Name : |
Mr. Amal Guha |
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Designation : |
Partner |
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Mobile No.: |
91-9836039998 , 9830237404 |
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Name : |
Mrs. Indrani Guha |
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Designation : |
Partner |
KEY EXECUTIVES
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Name : |
Ms. Apala Guha |
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Designation : |
Chiff Executive |
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Address : |
Chnning Road, South Ramnagar, Baruipur -743387 District South 24
Parganas. |
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Date of Birth/Age : |
1980 |
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Qualification : |
B.Sc. |
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Experience : |
4 Years |
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Mobile No.: |
91-9830237404 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of ceramic Jablewares. |
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Products : |
· Dinner Sets · Tea Sets · Coffee Mugs · Bowls · Cups and Saucers
· Morning Sets · Flower Vases · Handi · Ashtrays · Kitchen Jars · Planters various
glazes · Lamp Bases · Art Objects · Decorative Tiles |
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Brand Names : |
Amal Potter |
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Exports : |
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Countries : |
France , Italy |
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Terms : |
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Selling : |
Cash , Credit |
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Purchasing : |
Cash , Credit |
GENERAL
INFORMATION
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Suppliers : |
Mainly Buying From The Local Market |
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Customers : |
· Wholesalers · Retailers. · Mainly Selling
In The Local Market |
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No. of Employees : |
40 person ( 3 Office Staff , 35 Plant worker , 02 Sales Staff) |
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Bankers : |
Syndicate Bank Baruipur Branch, Baruipur 743 387, Distric South 24
Parganas. |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Amitabh Banik Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 million |
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Borrowed : |
N.A |
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Total : |
Rs.0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
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Sales Turnover |
Rs.5.000 |
LOCAL AGENCY FURTHER
INFORMATION
Web Site Details:
The medium of ceramics is the best man made channel for creative art, a means to produce long lasting, almost permanent medium, which has been used to leave the footprints on the sand of time, or as the creation of a heritage for the future. Subject is a reputed manufacturer and exporter of a variety of ceramic ware such as dinner sets, tea sets, coffee mugs, bowls, cups & saucers, morning sets, ashtrays, kitchen jars, planters, lamp bases, art objects, decorative tiles, etc., under the brand "Amal Potter". All these items are beautifully crafted in different shapes, sizes and colours by their creative artisans. Since its inception in the year 2000, the company has progressed by leaps and bounds in its sphere of operation emerging as an undisputed leader.
They are well equipped with an outstanding manufacturing facility and
highly qualified workforce to deliver the most durable, reliable and marvelous
products that showcase human excellence. Each product passes through their
stringent test conditions and hence, conforms to the international standards of
technical excellence. They are
professionally managed by competent authorities at every level. The Director
Mr. Amal Kumar Guha, F.I.I. (Ceramic) is a ceramic technocrat and Mrs. Indrani
Guha is an accomplished ceramic designer. They exclusive designs help us to
gain a worldwide recognition in a short span of time. Dealing with the scarcity
of White Clay in India, the concerns has developed Tera-Porcelain by Bengal Red
Clay, having similar properties of Porcelain like - impact strength crazing
proof; scratch proof, micro oven proof low porosity, extra strong, lead and
cadmium free.
Infrastructure
The sound infrastructural
abilities and diligent workforce are their biggest assets that strengthen us in
fulfilling all they business objectives. The qualified artists and other
skilled workers use and experiment with ceramics technologies to produce their
outstanding products. They have the treasure of: Land Area – 35,000 sq.
ft., Working Shed – 10,700 sq. ft, R&D Office – 1,100 sq. ft., Store House
– 1,200 sq. ft, Laboratory–Ceramics Physical Lab with all the apparatus and
Library – 1,000 books on ceramics science, technology & design. Subject
employs ball mill, pot mill, blunzer agitator, filter press, de-airing pug mill
with per day capacity of two metric tonnes in their plant for raw material
processing. Jigger jolly, electric wheels hand press, electric press and
automatics casting machines are also used for the forming process.
Quality Assurance
Superlative quality is the primary concern at Subarna Ashram. They
are keenly administered by highly experienced personnel at every level of the manufacturing
stage in order to maintain the international quality standards. That company is
equipped with the latest sophisticated machinery and competent workforce to
deliver unmatched items. The finest quality of raw material such as Feldspar,
quartz, talc etc. is consumed and purchased from reputed company of the market.
Their team of creative designers is capable of designing innovative designs
that are capable of stealing everyone's heart.
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.41.07 |
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UK Pound |
1 |
Rs.81.69 |
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Euro |
1 |
Rs.55.84 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
YES |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/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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45 |
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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