MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NATURAL STONE JUNCTION PRIVATE LIMITED |
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Registered Office : |
2 – E – 13, Pawanpuri, Jaipur – 302 006, Rajasthan |
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Country : |
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Date of Incorporation : |
2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Stones. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
- |
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Status : |
No legal Entity |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Subject can be ignored for any business dealings as it is not a legal
entity. |
LOCATIONS
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Registered Office : |
2 – E – 13, Pawanpuri, Jaipur – 302 006, |
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Tel. No.: |
91-141-6521737 |
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Mobile No.: |
91-9414968218 |
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E-Mail : |
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Website: |
SOLE PROPRIETOR
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Name : |
Mr. Arun Kumar |
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Designation : |
Proprietor |
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Mobile No.: |
91-9414968218 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Stones. |
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Products : |
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GENERAL INFORMATION
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Customers : |
Wholesalers |
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Bankers : |
Not Known |
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Banking
Relations : |
Unknown |
CAPITAL STRUCTURE
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Capital Investment : |
Not Available |
FINANCIAL DATA
[all figures are in
Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
Website details attached
Profile
Subject is the principal beautifying component of every
household and commercial building. Backed by a qualified team of acumen and pro-active
employees as well as advanced machineries, Subject has
emerged as a prominent name in the nature stone industry. They are a manufacturer
and exporter of sandstone,
slate, granite,
marble, limestone, quartz, tiles, bricks, sandstone blocks & slabs, cobbles
and pebbles. They
are a quality conscious concern and follow strict quality control procedures to
deliver excellent solutions to their valued clients.
The company is professionally managed by highly experienced professionals
having in-depth expertise in their arena. They conduct quality checks in
accordance with the national and international standards and regularly upgrade
their mechanical strength to maintain their dignified reputation. Their
impeccable quality, client oriented approaches and economic prices help us gain
a substantial market share in both the domestic and international front.
Subject is a renowned manufacturer and exporter of the following range of
products:
- Sandstone
- Slates
- Granites
- Marbles
- Limestone
- Quartz
- Tiles
- Bricks
- Sandstone Blocks & Slabs
- Cobbles
- Pebbles
Quality
Assurance
Subject is known for its premier
quality in the entire market. They follow stringent quality control measures throughout
their manufacturing process to ensure flawless production from every stage.
Their entire process is strictly monitored by a team of experienced quality
inspectors to guarantee flawless output. The finest quality of stone is
procured from reliable agents.
Client
Satisfaction
They are working with the sole motto of providing unmatched natural stone
solutions to their valued clients. The company is known for its ethical and
transparent trade practices in the entire business community.
Alluring Patterns and Shades
Subject offers a comprehensive range of natural stone in heart-stealing
patterns and shades that are bound to add more flavours of beauty in any
edifice. The company is supported by a team of experienced designers and
artisans to innovate products as per the emerging trends of the market.
Infrastructure
They possess an outstanding unit comprising of ultra modern machines and
trained professionals to deliver the best range of natural stones to their
clients. Every task in the process is executed by modern equipments to ensure
superb finishing of their products. They also have a capacious warehousing
facility and wide distribution network to ensure timely delivery of the
products.
Advantages
- Intense
efforts of craftsmen and other professionals to bring out the best in
every item
- Sound
management system facilitating successful execution of all orders
- Adoption of
stringent quality control measures at each and every stage of production
- Timely
delivery of products, providing us an additional edge in the market
- Company USP
defined by customer satisfaction and expansion of client base
- Meeting the
exacting requirements of the customers and standards of the industry
Primary Competitive Advantages
v
Excellent quality,
v
Timely delivery and
v
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 exist 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. 40.81 |
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1 |
Rs. 81.57 |
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Euro |
1 |
Rs. 54.91 |
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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