MIRA
INFORM REPORT
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Report Date : |
15.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMT
INTERNATIONAL |
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Registered Office : |
C/o
Gold Star Marbles, SP-3, Sukher Industrial Area, Udaipur – 313004, Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2000 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JDHS06675E |
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PAN No.: [Permanent
Account No.] |
AAEFS5074L |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer,
Trader, Dealer Exporter and Distributor of Green marbles, Slabs and Tiles. |
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
10000 |
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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 and reputed concern having satisfactory track. Partners
are reported as experienced businessmen. Trade relations are reported as
fair. Business is active. Payments are usually correct and as per
commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
C/o
Gold Star Marbles, SP-3, Sukher Industrial Area, Udaipur – 313004, Rajasthan,
India |
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Tel. No.: |
91-294-2440075
/ 2488935 |
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Mobile No.: |
91-9414164672 |
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Fax No.: |
91-294-2441675 |
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Area : |
4000
sq. mtrs. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr.
Sumesh Vanavat |
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Designation : |
Partner
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Address : |
Udaipur
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Date of Birth/Age : |
40
Years |
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Qualification : |
Graduate
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Experience : |
17
Years |
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Name : |
Mr.
Nana Lalahari |
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Designation : |
Partner
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Address : |
Udaipur
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Date of Birth/Age : |
46
Years |
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Qualification : |
Graduate
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Experience : |
20
Years |
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Name : |
Smt.
Sumitra Devi |
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Designation : |
Partner
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Address : |
Udaipur
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Date of Birth/Age : |
56
Years |
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Qualification : |
High
School |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Trader, Dealer Exporter and Distributor of Green marbles, Slabs and Tiles. |
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Products : |
Green Marble, Granite, Slate, Sandstone (Blocks,
Slabs, Tiles) |
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Exports to : |
USA, Far East, Australia, Nepal, Saudi Arabia, Dubai, Srilanka,
Middle East and Europe [But
indirectly through agent] |
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Terms : |
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Selling : |
L/C,
Credit [30 days] or Cash |
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Purchasing : |
Cash,
Credit [30 days] and at Sight |
GENERAL
INFORMATION
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Customers : |
Manufacturer,
Wholesalers, Retailers and End Users |
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No. of Employees : |
42 |
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Bankers : |
Punjab
National Bank Udaipur
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Banking Relations : |
-- |
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Associates/Subsidiaries : |
Gold
Star Marbles SP-3,
Sukher Industrial Area, Udaipur – 313004, Rajasthan, India |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
2.000 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 |
10.000 |
9.600 |
8.500 |
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Net Profit |
0.300 |
0.285 |
0.250 |
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Projected
Turnover for Current Year [2006-07] over Rs. 15.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- SID and Granite Private
Limited, Haratha Marbles
- Pecific Limited
SMT International is a
leading manufacturer and exporter of unique range of Green Marble, Granite, Slate and Sandstone (Blocks, Slabs, Tiles)
embedded with elegant beauty and endurance. They are among the most reputed
enterprise in the country and aim to achieve full customer satisfaction. The
stones are available in huge spectrum of different shapes and sizes that
matches the varied requirement of the customers. Due to high quality products
available in large variety, they are acclaimed by their clients from around the
world. They do extensive research on the market trend and choice of the
customers that enable them to manufacture the highly demanding products. Marble and Granite available with them
comes at competitive prices and their timely delivery has enabled them to make
a strong position in the international market.
Infrastructure
They have a highly
talented and experienced work force who are gifted with creativity and
innovations. Their talent and skill has provided them a grand recognition in
the competitive market. They have full in-house manufacturing facilities of
latest technique operated by skilled and trained working team. Their
infrastructure facilities has the potential to meet all the requirement of
customers in terms of quality, design and shape of the product.
Quality
Green Marble, Granite, Slate, Sandstone (Blocks, Slabs, Tiles) are manufactured in various shapes and sizes
with unique designs. The whole production process is carried out with utmost
care so as to retain high quality at all levels. Their R&D team develops
and creates new ideas that strengthen and improve marketing efforts. They
consider quality to be of high importance that help in maintaining high
reputation in the market. Under the supervision of experts their team
thoroughly check the products at all stages and ensure that best quality Marble and Granite is passed for the
distribution.
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COMPANY
PROFILE |
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Business Type |
Exporter ,
Manufacturer |
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Export Percentage |
70% |
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Primary
Competitive Advantages |
Reliable Source for
best quality products. |
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Sales Volume |
Above 10 Millions |
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No of Staff |
25 |
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Year of
Establishment |
1995 |
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No of Production
Lines |
4 |
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Investment on
Manufacturing Equipment |
Above 5.000 Millions |
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OEM Service
Provided |
No |
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Production Type |
Machine Made |
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No of Engineers |
5 |
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Monthly
Production Capacity |
10 Containers /
month |
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.44.27 |
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UK
Pound |
1 |
Rs.86.87 |
|
Euro |
1 |
Rs.57.27 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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 |
|
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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