MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AXIOM EXPORTS |
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Registered Office : |
45-46, Sharma Colony Extension Road, No. 4, Bais Godown Industrial Area,
Jaipur – 302 016, Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Unaudited) |
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Date of Incorporation : |
1995 |
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IEC No.: |
1395002576 |
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PAN No.: [Permanent
Account No.] |
ACIPG4008Q |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of polished slate Tiles, Marble Stones,
Natural Slates, Multicolour Peacock , Rustic Marble, etc |
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 19000 |
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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. Trade relations are fair. Business is active. Payments are
reported as usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Bharat Gupta |
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Designation : |
Proprietor |
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Mobile No.: |
91-9414072480 |
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Date : |
17.04.2008 |
LOCATIONS
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Registered Office / Factory: |
45-46, Sharma Colony Extension Road, No. 4, Bais Godown Industrial
Area, Jaipur – 302 016, Rajasthan, India
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Tel. No.: |
91-141-2210064 |
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Mobile No.: |
91-9414072480 / 9314072480 |
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Fax No.: |
91-141-2207687 |
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E-Mail : |
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Websites : |
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Area : |
5000 Sq.mtrs |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Bharat Gupta |
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Designation : |
Proprietor |
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Address : |
C-1-102, Kamal Apartments, Bani Park, Jaipur – 302 016, Rajasthan,
India |
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Date of Birth/Age : |
40 years |
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Qualification : |
Graduate (BE) |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Polished Slate Tiles, Marble Stones,
Natural Slates, Multicolour Peacock , Rustic Marble, etc |
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Products: |
· Polished Slate Tiles · Marble · Quartzite · Limestone · Granite · Sandstone · Pebblestone · Tumblestone ·
Ledge Stone |
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Agencies Held : |
Krishi Rasyan Limited, Kolkata |
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Exports : |
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Products : |
Polished Slates Tiles and Marble Stones |
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Countries : |
UK, Poland, Malaysia, Greece, Singapore, China and Malaysia |
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Terms : |
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Selling : |
L/C, Credit (30 days), Cash |
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Purchasing : |
L/C, Credit (30 Days), Cash, Sight |
PRODUCTION STATUS
The Actual Production of Granite / Sandstone, Quartize, Marble is 60
Cont – 80 cont.
GENERAL
INFORMATION
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Customers : |
Wholesalers, Local and Foreigners, Retailers, End Users |
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No. of Employees : |
(12 : - 6 in Office , 3 in Factory, 3 in Branches ) |
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Bankers : |
· Axis Bank, C – Scheme, Jaipur – 302 016, Rajasthan, India · ICICI Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Prasveen Bhandari and Company Chartered Accountants |
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Address : |
Jaipur – 302 016, Rajasthan, India
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Mobile No.: |
91-9414070406 |
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Associates/Subsidiaries : |
· Axiom Trade Links Private Limited, Jaipur Address; 45-46, 22 Godowns Industrial
Area, Jaipur – 302 016, Rajasthan, India · Natural Stone INC Address: F -60, Hattipura Industrial Area,
Jaipur – 302 016, Rajasthan, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 4.750 millions |
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Borrowed : |
---- |
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Total : |
Rs. 4.750 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 [Unaudited] |
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SHAREHOLDERS FUNDS |
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1] Proprietor’s Capital |
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4.750 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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[0.535] |
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NETWORTH |
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4.215 |
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LOAN FUNDS |
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1] Secured Loans |
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2.500 |
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2] Unsecured Loans |
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0.270 |
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TOTAL BORROWING |
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2.770 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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6.985 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.236 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.125 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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2.024 |
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Sundry Debtors |
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2.118 |
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Cash & Bank Balances |
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0.040 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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1.534 |
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Total
Current Assets |
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5.716 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.092 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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1.092 |
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Net Current Assets |
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4.624 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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6.985 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Sales Turnover |
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10.556 |
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Other Income |
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0.008 |
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Total Income |
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10.564 |
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Profit/(Loss) Before Tax |
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0.536 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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0.536 |
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Export Value |
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10.556 |
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Expenditures : |
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Cost of Goods Sold |
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7.917 |
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Administrative Expenses |
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1.475 |
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Interest |
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0.313 |
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Depreciation & Amortization |
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0.316 |
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Total Expenditure |
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10.021 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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5.08 |
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Net Profit Margin (PBT/Sales) |
(%) |
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5.08 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.66 |
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Return on Investment (ROI) (PBT/Networth) |
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0.13 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.92 |
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Current Ratio (Current Asset/Current Liability) |
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5.23 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Concern Profile:
The concern
is a manufacturers and exporters of unmatched building stones such as Polished
Slate Tiles, Polished Slate, Brushed Sandstone, Polished Sandstone, Ledge
Stone, Natural Slate, Natural Stones, Green Marble, Limestone, Quartz,
Pebbles, Marble, and Granite. Available in a striking array of colors, their
products are capable of enhancing the ambiance of every building structure.
Their products are widely used in interior and exterior wall cladding, paving,
residential and commercial counter tops.
Their reputation is based on integrity, reliability and capability to ensure
timely delivery. They are professionally managed by a group of personnel having
versatile knowledge of the discipline. Their products are applauded for their
sharp finishing, perfection and quality in the domestic as well as global
markets. The company has satisfied customers in the regions of Singapore,
China, Malaysia and United Kingdom.
Products Ranges:-
The term "Marble" is derived from Latin word "Marmor" which itself comes from the Greek root "Marmaros" meaning thereby a shining stone. These are carbonate rocks representing metamorphic calcareous sediments. Besides conventional use in flooring, the colored marbles have found usage in wall facings and other exteriors in both natural and polished finish. Green Marble are available such as medium green marble, light green marble, dark green marble, green marble slabs, green marble flooring, forest green marble, as it imparts a majestic and spectacular look on the buildings. They offers marbles in three colors viz. Imperial green, zebra pink and zebra black. Slabs and tiles of desired size and thickness are available.
Granite Marble Slabs
Granite is a very hard natural igneous rock formation of visibly crystalline texture formed essentially of quartz and orthoclase or microcline. It is used as a building material is used for wall cladding, roofing and flooring and a variety of other interior and exterior applications. Exporter of Indian Granite stone, slabs and tiles.
Indian Slate Stone
Slate stone are compact with moderate hardness and lesser homogeneity. The surface texture is fine to medium grained but has excellent shining property. The most common colors are copper, ocean green, peacock, multicolored, silver grey, etc. both natural and polished surface are available. Slate Stones are available here such as jak black slate stone, kund multicolor slate stone, multicolor rustic slate stone, white slate stone, yellow slate stone and natural slate stone.
Quatzite Tiles
Like sandstone, their natural ability to split along foliations have made quartzites usable for wall cladding and roofing tiles. They are harder than sandstones. Quartzite are metamorphosed quartz sandstones. Having himachal black quartzite, silver grey quartzite, copper quartzite, flagstone old quartzite for wall-cladding, roofing, flooring and all other types of interior and exterior applications.
Sandstone Tiles
Sandstones are quite hard, compact, fine grained, homogeneous rocks with good compressive strength and low water absorption property. Available colors are white, mint, red, pink, beige, grey, brown, green, teak look and multi colored. Surface textures are either natural or sawn. The edges are either hand dressed or machine cut. We have Sandstones as rainbow sandstone, fossil sandstone, agra red sandstone, red sandstone, jaisalmer yellow sandstone and bidasar sandstone.
Limestone Slabs
Limestones are siliceous calcium carbonate rocks of sedimentary nature. They are hard, impervious and compact rocks with very low water absorption. The surface texture is very fine grained and presents very good polishing effect. The most common colors are blue, green, brown, desert yellow and C- black. Both natural and polished surface are available.
Products / Services in Category
‘Slate’
Jak Black
They deliver Fine grain Slate from their quarry that is hard Weaving,
Impermeable, Resistant to atmosphere pollution, Frost, normal heat and rapid
temperature charges.
We are manufacturing and offering kundmulti
stones that are skillfully processed leaving no scope for any flaw.
Rosy
pink
Granite stone is typically hardest of the dimensional stone and
withstand the elements very well. Pink range is made with unique dotted pattern
of colors with finely polished granites.
Natural sandstone is an extremely hard and tough material. Sandstone is
typically the youngest of the quartz based stones with each stone having a
different level of porosity hardness and compressive strength
Quality Assurance
Perfect
finishing, superior quality, innovation and perfection are the hallmark
features of every product offered by Axiom. They assure that their clients must
receive the same materials that were specified in the original sample proposal.
As a quality conscious concern, they follow stringent quality norms conforming
to national and global standards to ensure that their products are of the
highest quality. All the products are checked for their strength, luster and
hardness and only the best are chosen for processing. Committed towards total
client satisfaction, they dispatch their products after proper inspection.
Infrastructure
Their sound
infrastructural set-up comprising of modern machines, experienced workforce and
spacious warehouse has helped them to execute their operations efficiently and
effectively. They employ the most efficient and modern machinery to process the
stones. Their workforce consists of quarry experts, stone processors, designers
and other workers to bring out the most striking range of products for their
prestigious clients.
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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 :
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.96 |
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UK Pound |
1 |
Rs.78.66 |
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Euro |
1 |
Rs.63.31 |
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 |
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 |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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