MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
J S EXPORTS INTERNATIONAL |
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Registered Office : |
16/80-1, Civil
Lines, Kanpur – 208001, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1979 |
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Legal Form : |
Sole Proprietory
Concern. |
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Line of Business : |
Manufacturers and
Exporters of Saddlery goods and other Leather products used for riding. |
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 60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. 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/ Factory : |
16/80-1, Civil Lines,
Kanpur – 208001, Uttar Pradesh, India |
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Tel. No.: |
91-512-2305042 /
2316527 / 2316504 |
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Mobile No.: |
91-9839068484 |
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Fax No.: |
91-512-2305031 |
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E-Mail : |
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Area : |
500 sq. ft. |
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Location : |
Owned |
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Head Office : |
16/80-1, Civil Lines, Kanpur - 208 001 (UP), India |
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Tel. No.: |
+91-512-2305042, 2305069, 2305073, |
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Fax No.: |
+91-512-2305031, 2465526 |
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E-Mail : |
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Factory 2 : |
B – 152, B – 47, UPSIDC leather Tech. Park, Banthar Unnao. |
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Tel. No.: |
91-515-3091366 |
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Area : |
80000 sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. MD Jamshed
Saleja |
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Designation : |
Proprietor |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Graduate |
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Experience : |
12 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and
Exporters of Saddlery goods and other Leather products used for riding. |
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Exports : |
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Products : |
Saddlery Goods |
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Countries : |
v
Germany v
Spain v
France v
Dubai v
USA v
UK v
Australia |
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Imports : |
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From: |
v
Artificial
Leather from Japan and Korea v
Finished
Leather from UK |
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Terms : |
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Selling : |
L/C, Cash or
Credit ( 30 days ) |
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Purchasing : |
Cash, Credit (22
days) or at sight |
GENERAL
INFORMATION
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Customers : |
Local Customers
and End Users |
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No. of Employees : |
150 |
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Bankers : |
v
Canara Bank
, Overseas Branch, Civil Lines, Kanpur v
ICICI Bank,
GS Tower, Kanpur |
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Banking
Relations : |
Satisfactory |
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Auditors : |
v
A. S. Khan
and Company Chartered Accountants Rajvi Road, Kanpur – 208001,
India v
Gowri and
Munjal Company Chartered Accountants Kanpur, India |
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Associates/Subsidiaries
: Address
: |
v
J. S.
International, Kanpur Line of business : Pet Food and
Meat Division v
J S Tower,
Kanpur Construction Business |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 15.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 15.000 Millions |
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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55.000 |
40.000 |
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Profit/Loss for the year |
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7.000 |
5.500 |
Expected Sales (2007-08) : Rs. 100.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
v
PFIFF –
Germany
v
Edward Price
Limited
v
Choice Brand -
USA
WEBSITE DETAILS
ATTACHED:
JS International - Manufacturers and Exporters of Pet Food, Animal Food, Dog and Cat Foods, Leather Dog Chew, Agro Bird Foods
JS Exports - Manufacturers and Exporters of Horse Riding Goods, Saddlery, Saddles, Bridles, Halters, Girths
Riding Trousers etc.
An Abattoir & Integrated Meat Processing Plant processing Frozen Boneless Buffalo Halal Meat
Introduction
JS Exports (Government recognized export house)
JS Exports began with the
production of Equestrian articles in the year 1978. They started manufacturing
Harnesses, Saddles, Bridles, Halters, Girths, Stirrups, Horse Blankets, Riding
Trousers and Breeches, Leads & Collars, Metal fittings and other equestrian
items. Shortly, it was characterized by the perfect selection of materials and
a very fine taste of design with the help of innovative techniques coming up
day by day
They also started their meat processing unit which processes frozen Halal
Buffalo Meat.
They have been presented
Government Recognized Export House award for their sales and quality.
Expansion
JS International (100% Export Oriented
Unit)
They expanded in 1983, by
launching JS International (100% Export Oriented Unit) for processing Dried
Cattle Casings, Dried Pet Snacks and Raw hide Leather Dog Chews and high
quality premium pet treats. Their raw hide items are made out from pure fresh
buffalo rawhide and the dried pet snacks are high in protein and easily
digestable. Recently, they have started producing Fish Meals, Bird Foods, and
Agro-Products. They have plans to begin their in-house Slaughter House and Meat
Processing Plant which would be the one of its own type in the state as well as
country.
At present, their core market
places are USA, UK, Middle East, CIS Countries, South East Asia, North Asia and
the most European countries. specially Germany, France, Italy, Belgium &
The Netherlands.
European Associate for Pet Foods
Exclusively for pet foods and
animal snacks for Europe, etc they have associated with a large reputed company
in Europe. This ensures quick and prompt supply of animal eatables and snacks to
all the countries in Germany, UK, Netherlands, Italy and other European
countries.
They are largely indebted to their
customers, without whom they would not have been able to grow and expand. It is
becuase of this, the customers are always given highest priority and served.
They continuously look forward for their satisfaction and to have a profitable
association with you as their new partner.
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 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 :
Their
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.27 |
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UK Pound |
1 |
Rs. 82.24 |
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Euro |
1 |
Rs. 57.48 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
YES |
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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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54 |
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. |
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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