MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Correct Name : |
BELLO JEWELS PRIVATE LIMITED (w.e.f. February 2007) |
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Formerly Known As : |
DELTA MARKETING |
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Registered Office : |
G-34, Naraina Vihar, |
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Country : |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
21.02.2007 |
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Com. Reg. No.: |
55-159561 |
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CIN No.: [Company
Identification No.] |
U93090DL2007PTC159561 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB03585B |
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PAN No.: [Permanent
Account No.] |
AADCB0681N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones,
Necklaces and Fashion Accessories, Precious and Semi-Precious Gemstones. |
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 : |
-- |
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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 company having satisfactory track. Directors are
reported as experienced and respectable businessmen. Trade relations are
fair. Business is active. Payments are usually correct and as per commitments.
The company can be considered normal for business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
G-34, Naraina Vihar, |
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Mobile No.: |
91-9899149149 |
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E-Mail : |
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Website : |
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Area : |
1800 sq. fts. |
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Location : |
Rented |
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Head Office : |
803, |
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Tel. No.: |
91-124-4235099 |
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Mobile No.: |
91-9899149149 |
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Fax No.: |
91-124-4235099 |
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E-Mail : |
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Area : |
750 sq. fts. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Gautam Khorana |
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Designation : |
Director |
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Date of Birth/Age : |
21 Years |
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Qualification : |
Graduate |
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Experience : |
3.5 Years |
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Name : |
Ms. Sandhya Khorana |
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Designation : |
Director |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones, Necklaces
and Fashion Accessories, Precious and Semi-Precious Gemstones. |
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Products : |
ˇ
Gold and Diamond Jewellery ˇ
Gold and Diamond Gemstones ˇ
Necklaces ˇ
Fashion Accessories ˇ
Precious and Semi-Precious Gemstones |
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Exports : |
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Products : |
Gold and Diamond Jewellery, Gemstones, Necklaces and Fashion
Accessories, Precious and Semi-Precious Gemstones. |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
90% from Jaipur ( |
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Terms : |
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Selling : |
100% on Advance basis |
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Purchasing : |
Credit upto 30-60 days basis |
GENERAL INFORMATION
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Customers : |
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Wholesaler ˇ
Retailers |
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No. of Employees : |
About 10 |
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Bankers : |
ICICI Bank Limited Naraina Vihar Branch, |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
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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20.000 |
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Expected Sales (2007-08) : will increase 20% - 30% than previous year.
LOCAL AGENCY FURTHER INFORMATION
History
Subject incorporated in 2003 with style and name as Delta Marketing. Now
it becomes Private Limited Company with name and style as Bellow Jewels Private
Limited, w.e.f. February 21, 2007.
Trade References:
ˇ
As Per Web
Profile
Jewelry has been treasured throughout the ages in all cultures, for personal
adornment and as a mark of status. Continuing this tradition, we, 'Bello Jewels', started our business
operation in the year 2003. Within a short period, they have grown considerably
to become one of the leading manufacturers
and exporters of Precious and Semi Precious Gemstones,
Gemstone Necklaces, Gold and Diamond Gemstone Jewelry and 925 sterling Silver
Gemstone Jewelry" their collection is inspired by the legacy of
rich Indian craftsmanship and inherent talent that is brilliantly showcased in
each piece manufactured and exported by us. Their products are designed
specifically for all age groups and bear the stamp of distinction and
unprecedence. They have adequate warehousing facilities and an extensive
logistics and distribution network that ensures safe, smooth and prompt
delivery of products to the customers.
Worldwide Delivery including all the regions of
Products
Utilizing
their sound sourcing capability, they offer finely crafted products that are an
ideal melange of impeccable quality and excellent workmanship. Their
contemporary leading range of products includes:
Gold and Diamond
Jewellery
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Gold and Diamond Ring
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Gold and Diamond Pendant
Gemstones
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Stone Ring
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Pendant
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Earrings
Necklaces
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Red Indian Ruby
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Indian Blue Sapphire
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7 Pearls with Kyanite Drops
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Cabochon Burmese Blue Sapphire
Fashion
Accessories
Precious & Semi-precious Gemstones
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Natural Ruby - Many
qualities available
o
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Color Enhanced Indian Rubies in big sizes available
(100 - 200Ct+)
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Natural Emerald - Many
qualities
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Colombian Emeralds available
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Color Enhanced Brazilian Emeralds in big sizes
available (100-500Ct+)
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Natural Blue Sapphire -
Many qualities
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Ceylon Blue Sapphires available
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Color Enhanced Indian Blue Sapphires in big sizes
available (100-500Ct+)
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Swiss Blue Topaz
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Big sizes available
(50-200Ct+)
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o
Big sizes available
(50-200Ct+)
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Lemon & Smoky Quartz
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Big sizes available
(100-1500Ct+)
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African & Brazilian
Amethyst
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Big sizes available
(50-200Ct+)
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African & Brazilian
Citrine
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Big sizes available
(50-100Ct+)
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African Tourmalines
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African Peridot
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African Garnets
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African & Brazilian
Aquamarine
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Australian Opals
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Chinese & Japanese
Pearls
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Onyx (Many Colors)
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Tanzanites - AAA
Precious & Semi Precious Gemstone Necklaces with Gold & Silver
Clasp
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Ruby Necklace (Indian
& African Beads)
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Emerald Necklace (Brazilian
& Colombian Beads)
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Blue Sapphire Necklace
(Ceylon & Indian Beads)
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Tanzanite Neckalce
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Multi Gemstone Necklaces
(3Line, 5Line, 7Line, 9Line)
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Amethyst & Citrine
Necklace
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Blue Topaz Necklace
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They make 9K, 14K, 18K, 22K Stamped Gold
Jewelry
and 925 Sterling Silver Gemstone
Jewelry.
Quality
This is the foremost concern and every step is taken diligently to ensure that
each product, besides being attractive, is also a specimen of the best quality.
They also customize specific designs as per the special needs/requirements of
the buyers. To ensure flawless quality, they subject their products to multiple
rounds of checks. Their team of quality control professionals monitors each and
every level of the manufacturing stage, right from the procurement of raw
material to the dispatch of finished products in the market. All the works of
Bello Jewels are masterpieces in their own form and symbolize the beauty,
magnificence and charm of Jewelry and Fashion Accessories.
Infrastructure
Going by the trends, they have incorporated a sound and technologically
advanced infrastructure, which helps us to run their business operations
efficiently and effectively. The perfect ratio of hands and machines gives the
flawless luster and finish to each product manufactured with full dedication by
us. Their wide distribution network has always been the backbone of the company
and ensures the customers of hassle free delivery of products.
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. 40.76 |
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1 |
Rs. 80.67 |
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Euro |
1 |
Rs. 54.58 |
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 |
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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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