MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
THE SHAW HOUSE |
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Registered Office : |
C-28, Nizamuddin West, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT04888C |
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PAN No.: [Permanent
Account No.] |
AAXFS9026R |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Exporter, Manufacturer, Wholesale Supplier of Shawl Carpets, Home
Furnishing, Fashion Accessories and Handicrafts. |
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 32000 |
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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 well-established and reputed concern having satisfactory
track. Proprietor is reported as experienced and respectable businessman.
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 : |
C-28, Nizamuddin West, |
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Tel. No.: |
91-11- 24352921 / 24351894 / 41827278 |
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Fax No.: |
91-11-24357415 / 23719105 |
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Website : |
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E-Mail : |
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Area : |
800 sq. fts. |
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Location : |
Owned |
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Head Office : |
201, 2nd Floor, Dr. Alijan Shopping Plaza, M.A. Road –
Shrinagar – 190001, Jammu and Kashmir |
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Tel. No.: |
91-194-2100779 |
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Fax No.: |
91-194-2481665 / 2462227 |
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Location : |
Owned |
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Showroom : |
Show Brothers, 20, Hotel Le Meridian, |
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Tel. No.: |
91-11-23725411 |
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Area : |
300 sq. fts. |
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Location : |
Rented |
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SOLE PROPRIETOR
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Name : |
Mr. Munieb Shaw |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Suresh Jaisinghani |
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Designation : |
General Manager |
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Date of Birth/Age : |
47 Year |
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Qualification : |
Graduate |
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Experience : |
25 Year |
BUSINESS DETAILS
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Line of Business : |
Exporter, Manufacturer, Wholesale Supplier of Shawl Carpets, Home
Furnishing, Fashion Accessories and Handicrafts. |
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Products : |
Handicrafts Products, Shawls, Carpets, Home Furnishings, Handicrafts, Fashion
Accessories, Apparels, Jamawar Shawls, Jamawar Scarves, Jacquard Shawls,
Jacquard Scarves, Pashmina Shawls, Woolen Shawls, Silk Shawls, cotton Shawls,
Linen Shawls, Blended Shawls, Embroidered Shawls, Printed Shawls, Blended
Shawls, Embroidered Shawls, Printed Shawls, Cushion Covers, Bed Covers,
Throws, Crewel Fabric, Fashion Bags, Muffkers, tunics, Tops, Skirts, Dresses,
Gowns, Jackets, Coats, Women Wear Sarees, Jamawar and jacquards, Jackets and
Coats |
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Exports : |
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Products : |
Handicrafts Products, Shawls, Carpets, Home Furnishings, Handicrafts,
Fashion Accessories, Apparels, Jamawar Shawls, Jamawar Scarves, Jacquard
Shawls, Jacquard Scarves, Pashmina Shawls, Woolen Shawls, Silk Shawls, cotton
Shawls, Linen Shawls, Blended Shawls, Embroidered Shawls, Printed Shawls,
Blended Shawls, Embroidered Shawls, Printed Shawls, Cushion Covers, Bed
Covers, Throws, Crewel Fabric, Fashion Bags, Muffkers, tunics, Tops, Skirts,
Dresses, Gowns, Jackets, Coats, Women Wear Sarees, Jamawar and jacquards,
Jackets and Coats |
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Countries : |
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Terms : |
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Selling : |
LC, Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
Purchase raw material from open market. |
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No. of Employees : |
25 |
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Bankers : |
Jammu and Kashmir Bank Limited, |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
AEPC (Apparel Export Promotion Council) EPCH (Export Promotion Council for Handicrafts) |
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Associates : |
Shaw Brothers Address : D-47, G.F. Defence Colony, Tel No.: 91-11-24690364 / 41550858 /24690280 / 29562918 / 26967056 Fax No.: 91-11-24641073 / 24330260 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.8.000 millions |
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Borrowed : |
---- |
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Total : |
Rs.8.000 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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25.000 |
22.000 |
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Profit/Loss for the year |
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12 % |
12 % |
Expected Sales (2007-08) : Rs.30.000 millions
LOCAL AGENCY FURTHER INFORMATION
Web Details Attached :
Established in 1840 is one of the pioneers
of
Products - The Range is Immense
In
» Shawls
» Carpets
» Apparel
Infrastructure
The Shaw House has the H.O. at 201,
The Quality is – Matchless
Their products are prized everywhere for their miraculous craftsmanship. The
outstanding designs that these artists produce involves several diligent hours
of labor coupled with modest desire to give one's best to the rest of the
world. Their enormous skill is reflected on items they produce. They are in
this field for generations and have an undying commitment to produce only the
best in the industry.
Master the Art of Creation
The Shaw House offers an enormous scope for fulfilling the custom specific
requirements of the buyers situated across the globe. Embellished with
intricate patterns and elegant designs, their wide collection of art simply
knows no limits. If it's the best quality
Their Motto is Customer Delight
The company continuously strive for better quality & innovation so as to
satisfy the customer more & more leading to customer delight. Their commitment to their customers leads them to
search for product, which might not fall into their portfolio. Hence, it is worth asking for if
you desire to be served by us by asking for even which is not in their
portfolio.
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.40.63 |
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1 |
Rs.82.42 |
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Euro |
1 |
Rs.55.96 |
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 |
YES |
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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 |
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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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. |
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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