MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
S M INTERNATIONAL |
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Registered Office : |
K – 65, 1st Floor, Above Ajay Tent, Opposite Corporation
Bank, Mata Chowk, Mahipalpur, New Delhi – 110 037 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1979 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Human Resource Consultant, Specially for outside Manufacturer and Exporter of Stones. |
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 4000 |
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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. Proprietor is reported as
experienced and respectable businessman.
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
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Registered Office : |
K – 65, 1st Floor, Above Ajay Tent, Opposite Corporation
Bank, Mata Chowk, Mahipalpur, New Delhi – 110 037, India |
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Tel. No.: |
91-11-46062090 / 26785468 / 26784470 |
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Mobile No.: |
91-9811381771 / 9312502921 |
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Fax No.: |
91-11-46062091 / 26784470 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. fts. |
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Location : |
Rented |
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Factory : |
Plot No. 30 /31, Green Nagar, Machara Gao, New Loha Mandi, Road No.
14, Hapmada, Jaipur, |
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Tel. No.: |
91-141-517538 |
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Area : |
750 Sq. fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Praveen Jhajhria |
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Designation : |
Proprietor |
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Mobile No.: |
91-9811381771 / 9312502921 |
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Date of Birth/Age : |
28 years |
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Qualification : |
Graduate |
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Experience : |
5 years |
KEY EXECUTIVES
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Name : |
Mr. Sanwarmal Jhajhria |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Human Resource Consultant, Specially for outside Manufacturer and Exporter of Stones. |
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Products : |
v
Marble v
Granite v
Sandstone v
Marble Inlays v
Marble Sculptures |
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Exports to: |
Gulf Countries |
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Terms : |
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Selling : |
Advance or Credit (30 days) |
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Purchasing : |
Cash or Credit (30 days) |
PRODUCTION STATUS
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Production just started |
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GENERAL INFORMATION
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Customers : |
v
Al Ansari Group – UAE v
S E D I C O – |
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No. of Employees : |
6 |
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Bankers : |
Corporation Bank Mahipalpur, |
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Facilities : |
No Overdraft |
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Banking Relations
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Satisfactory |
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Memberships : |
EPC (Export Promotion Council) |
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Associates/Subsidiaries : |
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Name: |
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Address: |
Plot No. 30 /31, Green Nagar, Machara Gao, New Loha Mandi, Road No.
14, Hapmada, Jaipur, |
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Tel No.: |
91-141-517538 |
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Line of
Business: |
Training Centre and Placement Agencies Human Resource Consultant, specially for outside |
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Sales Turnover: |
Rs. 0.600 millions (Fee Service Charges) |
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No. of
Employees: |
5 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million |
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Borrowed : |
- |
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Total : |
Rs. 1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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0.400 |
0.375 (Service
Charges) |
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Profit/Loss for the year |
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8 % |
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Expected Sales (2007-08): Rs. 0.500 million to 0.700 million as Service
Charges and Rs. 1.500 million in Stone
LOCAL AGENCY FURTHER INFORMATION
Web site details attached
Perfection and excellence in everything, every time, and in every step are their hallmark in providing exclusive natural stones as well as human resource consultancy services.
With the advancement and improvements of technology, natural stones are blended well in almost every building, home and monument. Subject is in the natural stone field since 2000 and offers a wide variety to suit the present day market trends. With the products that are antique and classic in style and are designed to add an ethereal touch to the ambiance, they have carved a valuable niche for them in the national as well as the international market. Concern is a reputed exporter of Marble, Granite, Sandstone, Marble Inlays and Marble Sculptures.
They also have their expertise in the recruitment of manpower thus making a mark as a renowned human resource consultant. It has been their endeavour to come up with exciting new concepts and innovative products that voice new emotions and keep up with current trends. The unmatched quality of their products enables us to export their products to almost every part of the globe. They have organized all their trades and export services with the utmost efficiency, the success of which is demonstrated by a long list of satisfied and highly valued customers.
Products
They are constantly striving to come forth with products that suit the specific
requirements of the customers. Heir products are an amalgamation of quality and
innovation and the range offered by them include:
v
Marble
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Granite
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Sandstone
v
Marble Inlays
v
Marble Sculptures.
Consultancy Service
They consistently hit the mark in their recruiting efforts as a human resource
consultant because they dedicate the
resources to understand and appreciate candidate and client requirements as
well as those needed to recruit and source qualified candidates. They also
validate every candidate and every requirement through a rigorous documentation
process that ensures that they only work with quality requirements and quality
candidates ensuring that all parties involved in the process are working
towards the same conclusion. All of their staff are committed to providing a
comprehensive, effective and personal recruitment service and are able to cope
with every recruitment need. They are carefully trained to efficiently handle
all aspects of manpower mobilization, screening, and documentation. We try our
very best to provide candidates with the most suitable position in their
respective fields.
Quality
Right from the commencement of their activities, they have been a reliable
natural stone source fulfilling the needs of architects, designers, contractors
and builders. Today they are proud of their tradition and their commitment to
quality and service in the stone industry. This strategy has helped them
in registering a steep growth in both volume and its varieties. Huge
variety of colors with sharp finishing and cuts makes them distinct from
others. Their team of quality control inspectors monitors each and every stage of
the procurement process of the products to the packaging and dispatch of the
products. All the products exported by them are sourced from reputed and well
established manufacturers, suppliers and distributors having several years of
industrial expertise.
Infrastructure
Impeccable quality, utmost customer satisfaction and excellence are the
milestones of our mission. They are well supported by an excellent
infrastructural facility and a dedicated team of professionals, possessing a
wide knowledge of the industrial verticals. Their capacious warehouse has
always been the backbone of the company which has the capacity to store bulk
amount of products as per the changing requirements of the customers. Their
excellent transport facilities and wide distribution network ensure the
customers of safe, smooth and prompt delivery of products.
Primary Competitive Advantages
Good quality of products at very
competitive price and timely delivery of shipments
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 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. 40.54 |
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1 |
Rs. 80.21 |
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Euro |
1 |
Rs. 54.51 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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 |
YES |
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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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46 |
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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