MIRA
INFORM REPORT
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Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PRABHA STONNA PRIVATE LIMITED |
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Registered Office : |
D – 58A, |
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Country : |
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Date of Incorporation : |
08.12.2006 |
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Com. Reg. No.: |
023428 |
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CIN No.: [Company
Identification No.] |
U1410RJ2006PTC023428 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures and Exporters of Marble, Sandstone and Granites. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 400 |
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Status : |
New and Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing
itself. Directors are reported as
experienced and respectable businessmen.
Trade relations are reported as fair. Payments are reported as usually
correct and as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
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Registered Office : |
D – 58A, |
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Tel. No.: |
91-141-2280430 |
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Mobile No.: |
91-9829131313 |
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Fax No.: |
91-141-2280430 |
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E-Mail : |
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Website : |
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Area : |
1500 Sq. fts. |
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Location : |
Owned |
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Factory: |
469, Namak Ki Mandi, (Handicrafts – Gold), Jaipur, |
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Area : |
3000 sq. fts. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Priyank Maheshwari |
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Designation : |
Director |
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Address : |
D – 58A, |
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Date of Birth/Age : |
24 years |
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Qualification : |
B. Com |
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Experience : |
5 years |
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Name : |
Mrs. Prabha Maheshwari |
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Designation : |
Director |
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Address : |
D – 58A, |
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Date of Birth/Age : |
51 years |
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Qualification : |
M. A. |
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Experience : |
25 years |
SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Mr. Priyank Maheshwari |
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99.00 |
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Mrs. Prabha Maheshwari |
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1.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufactures and Exporters of Marble, Sandstone and Granites. |
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Products : |
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Granite v
Slabs v
Tiles v
Tomb Stones v
Fire Place Fountain v
Handicraft v
Inlay Carving v
Animal Figures |
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Exports : |
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Products : |
Stone Products |
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Countries : |
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Terms : |
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Selling : |
35% Advance and Balance at the time of Shipping |
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Purchasing : |
Cash, 35% Advance and Balance at the time of Shipping |
PRODUCTION STATUS
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Products |
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Actual
Production |
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Granite Slab / Tiles |
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Upto 20 CNTRS |
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Handicrafts |
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Upto 5 CNTRS |
GENERAL INFORMATION
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Suppliers : |
v
Fuding GC Technologies Company
Limited [ v
Sinotile International Company
Limited [ v
XIAMEN HOTTOP IMPORT and EXPORT
COMPANY LIMITED [ |
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Customers : |
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Wholesalers v
Retailers |
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No. of Employees : |
82 (Office: 4; Factory: 78) |
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Bankers : |
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ICICI Bank v
Canara Bank |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Gupta, Saxena Acharya and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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February 2007 –
July 2007 |
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Sales Turnover |
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1.500 |
Expected Sales Turnover (2007 – 08): Rs.
20.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References
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P. D. NTC Spa,
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Marble Supermarket,
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Mr. Krishna Linga –
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Mr. Sudesh Mohan –
Website details attached:
They are govt. Registered company
is pleased to introduce ourselves as the manufacturers and exporters of marble,
granite and sandstone products. They are based in
They are currently exporting to USA Australia,
They deals into marble, sandstone and granites as follows
a). Fireplaces
b). Fountains
c). Tomb stones, monuments,
grave stones
d). Columns
e). Inlay table tops, borders
and flooring
f). Gold work on marble handicrafts
g). Statues
h). Animal figures
i). Garden ornaments, countertops
j). Stone furniture
k). Customize designs
l). Cut to cut tiles and slabs in granites and marbles
m). Stone blocks in granite, sandstones and marbles
n). Slates, limestone and sand stones
o). Porcelain tiles
They believe in maintaining the quality of the products with timely supply by
which they attain bonus in their field which is called as customer satisfaction
by keeping the rates competitive.
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 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. 40.44 |
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1 |
Rs. 82.03 |
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Euro |
1 |
Rs. 55.42 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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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
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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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