MIRA
INFORM REPORT
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Report Date : |
20.3.2007 |
IDENTIFICATION
DETAILS
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Name : |
JAQUAR MERCANTILE |
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Registered Office : |
D 26, SMA Co-operative Industrial Area, G T Karnal Road, New Delhi
110033 |
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Country : |
India |
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Financials (as on) : |
31.3.2007 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Distributors of Bath Fittings, Showering Products & Bath Tubs |
RATING &
COMMENTS
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MIRAs Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 200000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is well-established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable 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
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Registered Office : |
D-26, SMA Co-operative Industrial Area, GT Karnal Road, New Delhi 110033 |
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Tel. No.: |
91-11-276692808,4808, 4809, 4811, 1869, 1879, 2387, 4813 |
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Fax No.: |
91-11-27693807, 3806 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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HEAD
OFFICE/ BRANCH/FACTORY |
JAMMU 105-108 1st Floor, B-2 South Block, Bahu Plaza, Jammu
180001 Tel No. 2470396, 91-944419125672 LUDHIANA 2nd Floor, Lodhi Complex, Mall Road Ludhiana. Mobile No. 91-9815117744 CHANDIGARH S.C.O.215-16-17, 1st Floor, Sector 34-A, Chandigarh
160022 Tel No. 2665849, 2603430 Fax : 2612755 E-Mail : jaquar_chd@connect2dsl.net JAIPUR Nellkanth, 1Bhawani Singh Road, Opp. Nehru Sehkar Bhawan, C-scheme,
Jaipur 302001 Tel No. 5115609,5110093, 91- 9829056309, 9829056301 E-Mail : tiwari@jaquar.com LUCKNOW Ground Floor. AshaBhawan, 27/11A, Gokhle Marg, Lucknow. Tel No. 4001434 Mobile No. 91-9835417333 AHMEDABAD 101-103, Time Square, C.G. Road, Navrangpura, Ahmedabad 380006 Tel No. 91-79-26460247-50 E-Mail : jaquar@icenet.co.in INDORE 304-307, Darshan Mall, 15/2, Race Course Road, Above HSBC Bank, Indore Tel No. 2540629, 4041941, 2536960, 91-9826041285 BHOPAL 283, M.P.Nagar, Zone-2,Bhopal, Near Pleasure Palace Hotel, Madhya
Pradesh. Mobile No. 91-982651285 SILIGURI C/o Mrs Minati Ghosh, 22 Old
48 Panchan Sarani Ashram Para, Post Office Siliguru. GUWAHATI Prag Plaza, 100 G,S,Road, Bhangagarh, Guwahati 781005 Mobile No.91-9864060686, 9435018860 KOLKATA 2nd Floor, 55, Chowringhee Road, Kolkata 700071 Tel No. 22826300-01, 22826551-52 E-Mail : jaquar2@giasc01.vsnl.net.in SURAT #23, Siddhi Shopping Centre, Nr. Agrasen Bhavan Char Rasta, City Light
Road, Surat. Tel No. 0261-2253250 MUMBAI Plot No. 853/1671, 2nd Floor, Mumbai 5th Floor
(Above Vettoria), A-1, Khira Nagar, S.V. Road, SantaCruz West, Mumbai
400054 Tel No. 91-22-26613460, 26613503, 26615388 Fax 26613917 E-Mail : jaquarmumbai@vsnl.com BHUBANESWAR Jharpada, Cuttack Road, Bhubaneswar 751006 Tel No. 2570137, 91-98961024409, 9437002468. E-Mail : Jaqrbbsr@sancharnet.in PUNE Offce No. 31 & 32, Mittal Court, 478 Rasta Peth, Off Moledina
Road, Pune 411001. Tel No. 91-20-26053054/55, 26052591, 56012091 Telefax :91-20- 56023642 E-Mail : jaquar@pn3.vsnl.net.in HYDERABAD Unit No. 202, Reliance Classic Banjara Hills, Road No.1,
Hyderabad-500034 Tel No. 91-40-66668664, 66668773, 23379494 Fax : 91-40-23379393 E-Mail : hyd_jaquar1@sancharnet.in BANGALORE Jaquar & Co. Ltd, V.N. Street, Next to Hotel Harsha(Royal Archive)
Near Queens Corner, Pasker Town, Shivaji Nagar, Bangalore 51 Tel No. 91-80-2286,2508213 Fax :91-80-22862518 E-Mail : Banglore@Jaquar.com CHENNAI Unit No. 705, Capital Towers, 180,Kodambakkam High Road, Nungambakkam
Chennai 600034 Tel No. 91-44-28239440, 2823950, 28311784 Fax : 91-44-28311783E-Mail : jaqchennai@vsnl.net COCHIN No.35/563, Opp. International Stadium, Palarivattom, P.O. Cochin-
682025 Tel No. 2340887/88 Tele Fax : 2340889 E-Mail : jaquar@md3.vsnl.net.in |
PARTNERS
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Name : |
Mr Rajesh Mehta |
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Designation : |
Partner |
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Name : |
Mr S. K. Mehta |
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Designation : |
Partner |
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BUSINESS DETAILS
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Line of Business : |
Distributors of Bath Fittings, Showering Products & Bath Tubs |
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Agencies Held : |
Hansgrohe, Germany |
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Imports : |
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Products : |
Bath Fittings, Showering Products etc. |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
Credit (45 days) |
GENERAL
INFORMATION
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Customers : |
5 Star Hotels, Builders |
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No. of Employees : |
15 |
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Bankers : |
Standard Chartered Bank, C. Place, New Delhi 110001 |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Nil |
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Associates : |
JAQUAR & COMPANY LIMITED D-26, SMA Co-operative Industrial Area, G T Karnal Road, NEW Delhi
110033 (Owned : 1000 Sq Met Plot) D-28, SMA Co-operative Industrial Area. G T Karnal Road, New Delhi 110033 (Owned : 1000 Sq Met Plot) Phone No. : 91-11-27692808, 4808, 4809, 4811, 1869, 1879, 2387, 4813 Fax : 91-11-27693807, 3806 E-Mail : salil@jaquar.com. support@jaquar.com Website : www.jaquar.com Line of Business : Manufacturer & Exporter of Bath Fittings
Crystal Chandeliers Turnover : Rs. 4750.000 Millions Employees : 400 |
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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600.000 |
550.000 |
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Expected Turnover (2007-08) : Rs. 750.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As per website
details
Jaguar, a name synonymous with unmatched bath fittings and accessories
has now set its eyes on the chandeliers market. For the lovers of art and
connoisseurs it now presents a ultimate signature of Luxury -crystal
chandeliers. This chandelier is embedded with real Swarovski Crystals. They are
exquisitely crafted by hand giving utmost attention to every details.
Flawlessly finished and designed to perfection using the very best material
with genuine 24 caret gold, furnish proof metal parts for lasting lustre, its
beauty lies beyond description. They are also available in custom made designs.
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 Intl
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 companys 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.43.70 |
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UK Pound |
1 |
Rs.85.90 |
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Euro |
1 |
Rs.58.25 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
8 |
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--LEVERAGE |
1~10 |
8 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
7 |
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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 |
NO |
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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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60 |
This score serves as a reference to assess SCs 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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