MIRA
INFORM REPORT
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Report Date : |
24.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GEHNA IMPEX INC. |
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Registered Office : |
912- B, Jain Nagar, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1997 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and Exporters of Fashion Jewellary. |
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 8000 |
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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 concern having
satisfactory track. Proprietor are 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 : |
912- B Jain Nagar, Kanjhawala Road, Karala, Delhi – 110 081, India |
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Tel. No.: |
91-11-32453578 |
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Mobile No.: |
91-9312317578 |
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Fax No.: |
91-11-27932552 |
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E-Mail : |
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Website : |
http://www.gehnaimpex.com |
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Area : |
110 sq.mtrs |
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Location : |
Owned |
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Showroom: |
51, Rajeev Enclave, Pocket – 11, Sector – 5, |
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Tel. No.: |
91 -11-27932552 |
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Area : |
120 sq.mtrs |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Poonam Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
44 Years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. P K Gupta |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
50 Years |
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Qualification : |
Graduate |
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Experience : |
28 Years |
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Name : |
Mr. Ujjwal Garg |
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Designation : |
Marketing Director |
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Date of Birth/Age : |
21 Years |
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Qualification : |
Graduate |
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Experience: |
Just join the business |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporters of Fashion Jewellary |
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Products : |
·
Fashion Jewelry ·
Loose Beads ·
Indian Handicrafts such as – ·
Necklaces, Bracelets ·
Earrings and Belts ·
Brass Statue ·
Brass Candle Stand ·
Soap Stones ·
Wooden Handicrafts Glass Beads ·
Bone Beads ·
Horn Beads ·
Wooden Beads ·
Agate Beads and ·
Clay Beads etc. |
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Exports : |
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Countries : |
Europe, |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS
Capacity to increase production by 40%
GENERAL INFORMATION
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Suppliers : |
Own Manufacturing (Purchase of
Raw material from open market) |
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Customers : |
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MODAFIF, ·
DETTA DLI, |
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No. of Employees : |
15 |
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Bankers : |
·
Bank of Address: |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 millions |
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Borrowed : |
---- |
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Total : |
Rs. 2.000 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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15.000 |
14.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2007-08) : Rs. 17.500 millions
LOCAL AGENCY FURTHER INFORMATION
OTHER INFORMATION:
Products
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Necklaces
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Bracelets
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Earring and Belts made up of Beads
- Shell
- Glass
- Wood
- Bone
- Metal
- Leather
- Semi Precious stone
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Loose Beads:
- Necklaces
- Choker
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Ring and Earring
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Glass Beads
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Bone Beads
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Horn Beads
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Wooden Beads
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Agate Beads and Clay Beads
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Indian Handicraft:
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Brass Statue
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Brass Candle Stand
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Soap Stones
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Wooden Handicrafts
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Handicraft Articles
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Wooden Handicraft Articles.
WEBSITES DETAILS:
Their company has become a synonym of fashionable and stylish collection
of Costume Jewelry, Fashionable
Jewelry, Beads, Brass and Wooden Handicraft Articles. They Gehna Impex Inc. have become a
symbolic of the culture and tradition of rich and prosperous land,
Fashion Jewelry
They host a collection of Hi-Fashion Jewelry such as - Necklaces,
Bracelets, Earrings and Belts made up of Beads, Shell, Glass, Wood, Bone,
Metal, Leather, Semi Precious Stone etc.
Loose Beads
The kind of Beads, they offer, can be used as made-up accessories or to
create customized Necklaces, Chokers, Bracelets, Rings and Earrings. They cater
in Glass Beads, Bone Beads, Horn Beads, Wooden Beads, Agate Beads and Clay
Beads.
Indian Handicrafts
They also deal in a variety of hand-crafted Handicraft Articles such as
- Brass Statue, Brass Candle Stand, Soap Stones, and Wooden Handicrafts etc.
They aim at providing in aggressive marketing strategy supported by
quality design and prompt service with a commitment to timely deliveries. They
have appointed a young and smart team of marketing professionals to market
their Fashion Jewelries and other
Handicraft Items in international markets. Their highly skilled and
proficient work force assists their company in each department from sampling to
packing until the products are timely shipped.
They have a strong design and
product development team, which constantly innovates new products every
year, exclusively for their customers. They create their collection as per the
given specifications of designs, labels, trademarks etc by their clients.
They not only have a state-of-the-art
infrastructure but also a proficient team of dedicated professional
designers and merchandisers. Their fully integrated production and finishing
unit enhances every batch of their products into finest quality proven items to
cherish forever. Their products are widely acclaimed in the Domestic as well as
Foreign Markets of UK, Europe,
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.39.82 |
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1 |
Rs.80.85 |
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Euro |
1 |
Rs.56.22 |
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. |
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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