MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BALWAN STONES AND SLATE CO. |
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Registered Office : |
Village Majara, P O Kund, Rewari -123 401, Haryana |
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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 : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Natural Stones , Sand Stones, Slate Stones, Kund Multi Colour, Indian Peacock,
Raj Green, etc |
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 5600 |
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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 well – established concern having satisfactory track.
Trade relations are fair. Payments are usually and as per commitments.
Payments are usually correct and as per commitments. Nothing adverse
reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
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LOCATIONS
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Registered Office/Factory : |
Village Majara, P O Kund, Rewari -123 401, Haryana, India |
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Tel. No.: |
91-1281-244281 / 2446209 |
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Mobile No.: |
91-9896334281 |
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Fax No.: |
91-1281-244281 |
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Website : |
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Area : |
1 Acre |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Balwan Yadav |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 years |
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Qualification : |
Higher Secondary |
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Experience : |
7 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Natural Stones , Sand Stones, Slate Stones, Kund Multi Colour, Indian Peacock,
Raj Green, etc |
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Products : |
· Natural Stones, · Sand Stones · Slate Stones, · Kund Multi Colour, · Indian Peacock, · Raj Green · Mint Fossil |
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Exports : |
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Products : |
Slate Stones and others |
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Countries : |
Germany, UK |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash, Credit ( 60 Days) and Sight |
GENERAL
INFORMATION
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Customers : |
· Local Customers · End Users |
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No. of Employees : |
43 |
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Bankers : |
HDFC Bank Address: Rewari |
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Facilities : |
Limit: Rs. 1.000 million |
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Banking
Relations : |
---- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.400 millions |
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Borrowed : |
---- |
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Total : |
Rs. 1.400 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
6.000 |
5.600 |
4.800 |
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Profit/Loss for the year |
0.375 |
0.209 |
0.150 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE:
· Shanthari Exports, Hyderabad
· Aktsa Exports, Gurgaon
· Samarta Exports, Chennai
WEBSITE DETAILS:
Subject, was established in 2000, is a manufacturer
and exporter, which carries a large stock and huge range of many
different types and colours of stones and slate for interior/exterior use.
Their company is one of the largest manufacturers of quality kund
multi colour, peacock Indian, jack multi, natural stone, sandstone, mosaics,
etc. They feel that their particular strength is stone for
indoor/outdoor lifestyle.
They routinely deliver throughout India and increasingly and frequently in
Germany and United Kingdom and offer some of the most fixed and reliable prices
in the marketplace.
For size there is no specification because they can manufacture every size of
stone and slate. They are one of the best in this field. Experienced in the
manufacturing business for many years, they have full of confidence on quality
control and customer services. They own processing factories and also
co-operate with other factories nationwide to ensure stable and long term
sources for the strong development ahead. Their main aim is to ‘’Bring
to customers best quality products and cost competitiveness’’.
Infrastructure
Subject is backed by expertise and know how in the field. They are
well equipped to meet the exacting quality standards expected in the
international market. They possess fully mechanized quarries that are backed by
state of the art machinery to manufacture quality products. They constantly
update their selves on the changing technological trends to face the global
challenges. Come and see their comprehensive range of products at their
display.
Slate
- Slate is:
- A fine grained
metamorphic rock that splits into thin, smooth–surfaced layers
- A piece of
thin rock cut for use as roofing or surfacing material or as a writing
surface.
Kund
Multicolour
It is also known as Kund Light, Kund Dark, and Peacock and Kund
Multi. Its important features are:
- A multicolour textural pattern
comprising a plethora of beautiful shades of Red, Black, Purple and Green
- Excellent for antique finish exterior
and interiors
- Available in natural, honed, polished, calibrated,
tiles and mosaic patterns.
Sandstone
Sandstone is an
excellent building stone
- Sandstone slabs and sandstone tiles are
used as flooring or paving material in both interior and exterior
application
- It is ideal for carving and
architectural uses such as pillars, arches, garden furniture, fountains,
landscaping products and stone arts and crafts
- Sandstone is durable, weather, acid and
thermal resistant and has crushing strength
- They come in many colours, shaded and
can be chiseled and dressed to a smooth surface in various attractive
spaces.
Mint
Fossil
- It has a light creamish base textured
with fossil plant patterns
- It has highly interesting shade
- It is also known as Tint Mint, Gwalior
Mint and Shivpuri Green.
Raj
Green
- It is a uniform light or dark green
stone
- It is widely used in form of exterior
pavements
- It is a hard stone; hence suited for
climates
- Its other name is Raj Pura Green.
Quality
Quality is of paramount importance to them and they are constantly elevating
their standards of excellence for offering better quality products and
services. They stand on the edifice of quality and innovation. They ensure that
all their products are high in quality and durability.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.67 |
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UK Pound |
1 |
Rs.81.78 |
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Euro |
1 |
Rs.58.46 |
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 |
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 |
NO |
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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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