MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ARUKASH ART ‘N’ CRAFT |
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Registered Office : |
3/57, Malviya Nagar, Jaipur – 302 017, Rajasthan, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14.04.2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of Handmade Papers for Art and Crafts. |
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 2000 |
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Status : |
New Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and in the process of establishing
itself. Proprietor is young and
energetic personnel. Trade relations
are reported as fair. Payments are
reported as usually correct and as per commitments. The Concern can be considered for small business dealings with slight
caution initially. |
LOCATIONS
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Registered Office : |
3/57, Malviya Nagar, Jaipur – 302 017, |
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Tel. No.: |
91-141-2522355 |
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Mobile No.: |
91-9829942300 |
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E-Mail : |
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Website : |
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Area : |
1200 Sq. fts. |
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Location : |
Owned |
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Factory : |
D – 625, Malviya Nagar, Jaipur – 302 017, |
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Tel. No.: |
91-141-2522355 |
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Area : |
1200 Sq. fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Aruna Roongta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
25 years |
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Qualification : |
MBA |
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Experience : |
2 years |
KEY EXECUTIVES
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Name : |
Mr. Prakash Roongta |
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Designation : |
Key Personnel |
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Mobile No.: |
91-9829069335 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Handmade Papers for Art and Crafts. |
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Products : |
v
Paper v
Carry Bags v
Diaries and Journals v
Paper Stationery v
Desktop Accessories v
Photo Frames v
Photo Albums v
Gift Boxes v
Greeting Cards v
Star Shades v
Decorative Items v
Art Portfolios v
Lanterns / Lamp Shades v
Designer wedding Cards v
Invitation Cards v
Pen Stands |
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Exports : |
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Products : |
Handmade Papers |
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Countries : |
Negotiating |
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Terms : |
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Selling : |
Cash or Credit |
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Purchasing : |
Cash or Credit (60 days) |
PRODUCTION STATUS
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Particulars |
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Actual
Production |
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Handmade Papers |
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As per Demand |
GENERAL INFORMATION
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Customers : |
Local Customers and End Users |
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No. of Employees : |
15 (Office: 5; Factory: 10) |
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Bankers : |
Bank of Rajasthan Limited Malviya Nagar, Jaipur, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Jatinder Goyal Chartered Accountants |
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Address : |
Jaipur, |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million |
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Borrowed : |
- |
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Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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Expected about
10.000 |
LOCAL AGENCY FURTHER INFORMATION
Website details attached
Subject is a renowned manufacturer and exporter of a
variety of paper and allied products.
The revolutionary enterprise emphasizes on western designs made by Indian
artisans to cater to the tastes of international buyers by offering Handmade Paper and Products like Carry Bags, Diaries & Journals, Paper Stationery,
Desktop Accessories, Photo Frames & Albums, Gift Boxes, Greeting Cards,
Star Shades, etc. They offer various designs and elements all
merged in a fine blend to give heritage rich but also modern look in their
range. Each of their products is individually handcrafted by skilled rural
artisans showcasing high degree of Indian craftsmanship.
They are professionally managed by sound management ethics at every
level of their manufacturing process to deliver smooth delivery of flawless
products to their clients. Their global operations and strong supply chain
management enable us in serving their customers with a broad range of high
quality products that not only enhance the lifestyle of the end consumer, but
also help in preserving our ecology.
Handmade Paper
Their handmade paper is made of completely natural products and is also 100%
eco-friendly. They employ recycled cloth, cotton waste of textile mills and paper
wastage as raw material. Its strength is twice that of the normal paper and its
life is almost 5 times more. The manufacturing process is also none polluting
and hence, it is used worldwide as an eco-friendly product.
Subject is a prominent manufacturer and exporter of high quality handmade paper
and paper products such as:
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Paper |
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Plain Paper |
Mottled Paper |
Leather Textured Paper |
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Embroidered Paper |
Embossed Paper |
Batik Paper |
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Moon Rock Paper |
Bark Paper |
Silk Paper |
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Jute Paper |
Flower Petals Paper |
Metallic Paper |
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Glitter Paper |
Banana Paper |
Block Printed Paper |
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Carry Bags
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Shopping Bag |
Gift Bag |
Wine Bag |
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Horizontal Bag |
Triangle Bag |
Bucket Bag |
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Fashion Bag |
Style Bag |
Printed Bag |
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Diaries &
Journals |
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Plain Diary |
Hard Bound Diary |
Soft Cover Diary |
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Spiral Bound Diary |
Executive Diary |
Jute Cover Diary |
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Double door |
Mini/Pocket Diary |
Bahi |
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Telephone Index Diary |
Autograph Diary |
Gem Stone Painting Diary |
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Style Notebook |
Drawing Book |
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Paper Stationery |
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Envelopes |
Files |
Folders |
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Letter Pads |
Drawing Papers |
Painting Sheets |
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Paper Visiting Cards |
Visiting Card Folders |
Cheque Book Storage Holders |
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Book Marks |
Slam Books |
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Desktop Accessories |
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Visiting Card Holder |
Table Planner |
Organizer/Calendar |
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Magazine/Document Holder |
Slip Pad/Memo Box |
Pen Holder |
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Letter Head |
Writing Set |
Use Me Bin/Dustbin Cover |
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Photo Frames |
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Photo Frame (Hanging) |
Photo Frame (Standing) |
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Photo Albums |
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Photo Album (Simple) |
Photo Albums (with Case) |
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Gift Boxes |
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Dry Fruit Box |
Sweet Box |
Chocolate Box |
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Tower Box Set |
Jewelry Box |
Basket Box |
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Gem Stone Painting Box |
Paper Tissue Box |
Paper Basket |
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Greeting Cards |
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Petal Work/Dry Flower |
Bead Work |
Stick Work |
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Star Shades |
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5 Leaves |
7 Leaves |
9 Leaves |
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Different Shades |
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Decorative Items |
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Wall Hanging |
Toran |
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Art Portfolios |
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Lanterns/Lamp
Shades |
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Designer Wedding
Cards |
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Invitation Cards
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Pen Stands |
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Quality Assurance
Superior quality is the hallmark at Concern. Their products are thoroughly examined
during continuous quality control process to maintain maximum precision,
unrivaled in the field of handmade paper. They consume non toxic and
environment friendly products in their process to deliver wide spectrum of
distinctive products. Innovative products, unique designs and timeless
creations are some of the special attributes attached to their products.
Timely Delivery
They boast a sound storage facility which is capable of storing bulk
quantities. The company is capable of feeding bulk demand in the shortest time
frame.
Exclusive Designs
They are well
supported by a vast network of excellent craftsmen having decades of experience
in the similar trade. Their aesthetic sensibilities are fully nurtured to
produce the products that reflect a class and allure of mystery. Their maximum
products are manufactured by well-trained artisans who have been manufacturing
paper from generations. They are capable of delivering customized solutions as
per specifications of the clients.
Advantages
- Innovative
designs and style setting a trend in the market
- Fine
workmanship, creativity and excellent finishing reflected in their
exquisite products
- Intense
efforts of designers and craftsmen to bring out the best in every item
- Sound
management system facilitating successful execution of all orders
- Unique range
of products offered at the most reasonable prices.
Primary
Competitive Advantages
Exclusive designs,
timely delivery and reasonable prices
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. 40.56 |
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1 |
Rs. 80.81 |
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Euro |
1 |
Rs. 54.74 |
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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