MIRA INFORM REPORT
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Report Date : |
20.02.2006 |
IDENTIFICATION DETAILS
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Name : |
J
BROTHERS AND ZARI EXPORTS |
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Registered Office : |
No.
64, Ground Floor,Vinoba Puri, Lajpat Nagar – 2, New Delhi-110024 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2003 |
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IEC No.: |
0503027391 |
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PAN No.: (Permanent Account No.) |
ABFPH2460P |
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Legal Form : |
A
Sole Proprietorship Concern |
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Line of Business : |
Manufacturer
& Exporter of Embroidery Home Furnishing Products |
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 15000 |
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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 an established concern having steady business. 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. Nothing
adverse reported |
LOCATIONS
|
Registered Office : |
No.
64, Ground Floor,Vinoba Puri, Lajpat Nagar – 2, New Delhi-110024 |
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Tel. No.: |
91-11-26936100/ 29836100/
41725538/ 41725601/ 41725602/ 41735603/ 41735604 |
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Fax No.: |
91-11-26936101/29836101 |
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E-Mail : |
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Website : |
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Area : |
4500
Sq. ft approx |
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Location : |
Owned
(Commercial) |
SOLE PROPRIETOR
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Name : |
Mr.
Salim Hussain |
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Designation : |
Proprietor |
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Mobile No.: |
91-98190921538 |
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Date of Birth/Age : |
27
years |
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Experience : |
8
years |
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Quality: |
Graduate
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BUSINESS DETAILS
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Line of Business : |
Manufacturer
& Exporter of Embroidery Home Furnishing Products |
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Products : |
Home
Furnishing
Christmas
Decorations
Handicrafts
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Exports to : |
USA,
UK, Italy, Germany & Middle East |
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Terms : |
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Selling : |
100%
TT advance or Irrevocable LC at sight basis |
GENERAL INFORMATION
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No. of Employees : |
8 |
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Bankers : |
The
Jammu & Kashmir Bank, Lajpat
Nagar Branch, New
Delhi-110024 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.
3.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.
3.500 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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Networth
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3.500 |
3.500 |
3.300 |
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Turnover
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20.000 |
30.000 |
27.500 |
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Total Income
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20.000 |
30.000 |
27.500 |
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Profit Before Tax
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NA |
0.405 |
0.303 |
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Profit After Tax
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NA |
0.246 |
0.179 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
PAT / Total Income
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(%)
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0.82 |
0.65 |
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Net Profit Margin
(PBT/Sales) |
(%) |
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1.35 |
1.10 |
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Return on Investment (ROI)
(PBT/Networth) |
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0.12 |
0.09 |
LOCAL AGENCY FURTHER INFORMATION
J.
Brother Zari Exports are actively engaged into providing you a wide range of
decorative articles to adorn the beauty of the home. Their exclusive collection
is handwork of dedicated artisans and craftsmen from all over India.
Profile
J. Brothers Zari Exports is a pioneer on the passage of competitive export
markets. They are well known for offering durable quality products with an
impressive medley of designs and styles. They offer wholesale cushion
covers, hand embroidered cushion covers, table linen
and other home furnishings. Since its inception, the company is working hard to
provide you maximum benefits at minimum cost. Their main objective is to match
the ideas with their products. The company is globally famous for offering rare
designs and ultimate finishing.
Product Range
The company offers a comprehensive range of exotic products made of finest raw
materials. The products showcase the best of ethnic and contemporary designs.
Following is the wide range of exquisitely designed products
- Cushion
Covers
- Embroidered
Cushion Covers
- Handicrafts
- Table
Covers / Table
Runners
- Christmas
Decorations
- Miscellaneous
- Stoles, Bags, Wall Hanging ,etc
Quality
Quality is the primary need of any product. They offer best quality at most
competitive price. It is their quality, which makes us different from others in
the market. They assure you finest and genuine durability of raw materials.
Their Strength
They enhance the instinct skills of villagers, who are dynamically engrossed in
providing you excellent designs and unique styles. Their products reveal the
true heritage of Indian Culture. They provide full support to villagers for
developing their skills and awareness about latest trend and market.
Client Network
They enjoy firm relations with their clients. They believe in maintaining long lasting
relations with their clients, which helps us in maintaining high standards of
quality.
Products:
Home
Furnishings
Cushion
Covers | Table Covers
| Table RunnersHome
Furnishings
Christmas
Decorations
Balls with
Tassels | Wall Hangings
Miscellaneous
Beaded Stoles
| Placemats
| Dollies
| Wall Hangings
| Fashion Bags
Handicrafts
Lamp Shades
| Photo Frames
| Vases
| Pen Stands
| Candle Stands
| Place Mats
| Jewelry Cases
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.44.20 |
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UK
Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.58.22 |
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 |
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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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
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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 |