MIRA
INFORM REPORT
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Report Date : |
05.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EUROSTAR EXIM PRIVATE LIMITED |
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Registered Office : |
C -62, Retreat Complex, 20 IP Extension, New Delhi – 110 092 |
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Country : |
India |
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Date of Incorporation : |
24.04.2007 |
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Com. Reg. No.: |
162478 |
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CIN No.: [Company
Identification No.] |
U51101DL2007PTC162478 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and
Exporter of diamond jewelry,
gold jewelry, platinum jewelry and silver jewelry. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Trade relations are fair. Business is active. Payments are reported as slow
but correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Parsoon Dewan |
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Designation : |
Director |
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Contact No.: |
91-9810120799 |
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Date : |
05.04.2008 |
LOCATIONS
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Registered Office : |
C -62, Retreat Complex, 20 IP Extension, New Delhi – 110 092, India |
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Tel. No.: |
91-11-22483209 |
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Mobile No.: |
91-9810120799 |
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Fax No.: |
91-11-22727810 |
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E-Mail : |
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Website : |
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Area : |
4000 sq.fts |
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Location : |
Owned |
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Factory : |
D -18, Pandav Nagar , Opposite Main Mother Dairy, Delhi – 110 092,
India |
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Tel. No.: |
91-22-22483210 / 22063209 |
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Mobile No.: |
91-9810120799 |
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Fax No.: |
91-22-22727810 |
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Area : |
Owned |
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Location : |
4000 sq.fts |
DIRECTORS
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Name : |
Mrs. Preeti Dewan |
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Designation : |
Director |
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Date of Birth/Age : |
30 years |
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Qualification : |
B. Com , Jewellery |
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Name : |
Mr. Prasoon Dewan |
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Designation : |
Director |
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Address : |
C -62, Retreat Complex, 20 IP Extension, New Delhi – 110 092, India |
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Date of Birth/Age : |
08.04.1971 / 36 years |
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Qualification : |
Computer Engineering, Scientific Gemologist |
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Name : |
Mrs. Kiran Dewan |
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Designation : |
Director |
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Address : |
C -62, Retreat Complex, 20 IP Extension, New Delhi – 110 092, India |
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Date of Birth/Age : |
11.09.1944 / 60 years |
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Qualification : |
MABS |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Exporter of diamond jewelry,
gold jewelry, platinum jewelry and silver jewelry. |
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Products : |
· Diamond Jewellery · Gold Jewellery · Silver Jewellery · Loose Diamonds |
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Exports : |
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Countries : |
USA, Middle East, Europe, Australia |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
40 |
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Bankers : |
Axis Bank Swasthya Vihar Branch |
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Facilities : |
Rs. 5.000 million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mukesh Raj and Company Chartered Accountants |
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Address : |
E -25/B, Jawahar Park, Laxmi Nagar, New Delhi, India |
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Tel. No.: |
91-22-22050790 |
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Associates/Subsidiaries : |
Eurostar Jewels International Address: C -62, Retreat Complex, 20 IP Extension, New Delhi – 110 092,
India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
New company
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
· J D Institute of Fashion Technology
· Relcon Engineering, Delhi
· Siddha Creation, Jaipur
WEBSITE DETAILS:
The company has embedded a distinctive status in the gems and jewelry industry. With
innovative and exquisitely designed jewelry, they have gained prominence in the
worldwide market. They are a manufacturer
and exporter of diamond jewelry,
gold jewelry, platinum jewelry and silver jewelry. Their product
portfolio also includes loose diamonds
from 0.005 carot to 10 carot in any color, clarity and size.
A team of jewelry designers also work for their jewelry design school, JD
Institute of Fashion Technology. They have 18 branches across the country and
abroad.
Specialty
The variety of their collection includes both plain and studded items, which are handmade and machine made, available in more than 3500 styles for all occasions and markets. Be it any fineness or color of metal/gold, from 8kt-18kt, white, red or yellow, their quality always adheres to the strict international norms.
Products
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Diamond Jewelry
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Gold Jewelry
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Platinum Jewelry
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Silver Jewelry
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Loose Diamonds (0.005 carot to 10 carot).
Quality
Quality has been the hallmark of their organization since
their inception. They leave no stone unturned to ascertain that the jewelry
they design is flawless in every aspect of quality. Due attention is paid while
moulding, engraving, etching, finishing and polishing of the jewelry. They understand
the intricacies of design and hence, come up with a collection that is an
epitome of grace, finesse and quality.
Infrastructure
A sound setup equipped with all the requisite facilities, equipments and testing instruments has given Subject a leading edge in the market. For ease of operations, the work schedule is segregated into divisions like product development division, in-house diamonds and color stones facility, etc.
They use high quality packaging materials to ensure that the packaging remains
tamper proof and defect free, even after being transported across geographical
boundaries.
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 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.39.93 |
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UK Pound |
1 |
Rs.79.34 |
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Euro |
1 |
Rs.62.55 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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27 |
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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