MIRA
INFORM REPORT
|
Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TAJ MARBLE EXPORTS |
|
|
|
|
Registered Office : |
G-7, Trade Zone, Mumtaz Bagh, Chamelwal Market, Jaipur-302001,
Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
2003 |
|
|
|
|
IEC No.: |
1304015815 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAAPQ6950D |
|
|
|
|
TIN No.: |
08032112808 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Sand Stones, Marble Stones, Antique and
Handicrafts- Stone Fountains Fire Place, Bath Tubes, Design Inlays etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 3500 |
|
|
|
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small concern. Trade relations are fair. No payment are
available. Initially, the concern can be considered for small business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Manzoor Ahmed |
|
Designation : |
Proprietor |
|
Date : |
28.06.2008 |
LOCATIONS
|
Registered Office/ Factory : |
G-7, Trade Zone, Mumtaz Bagh, Chamelwal Market, Jaipur-302001,
Rajasthan, India |
|
Tel. No.: |
91-141-2360442 |
|
Mobile No.: |
91-9352266644 |
|
Fax No.: |
91-141-2360442 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
250 sq. ft. |
SOLE PROPRIETOR
|
Name : |
Mr. Manzoor Ahmed |
|
Designation : |
Proprietor |
|
Address : |
Jaipur |
|
Date of Birth/Age : |
31 Years |
|
Qualification : |
Post Graduate |
|
Experience : |
10 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Sand Stones, Marble Stones, Antique and
Handicrafts- Stone Fountains Fire Place, Bath Tubes, Design Inlays etc. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Sand and Marble Stones Decorative |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
4 |
|
|
|
|
Bankers : |
Bank of Baroda, Jaipur |
|
|
|
|
Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 0.700 Million |
|
Borrowed : |
0.000 |
|
Total : |
Rs. 0.700 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARISED
DETAILS
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Proprietors Capital |
|
0.700 |
0.630 |
|
|
|
|
|
|
Fixed Assets |
|
1.400 |
1.250 |
|
|
|
|
|
|
Inventories |
|
0.400 |
0.800 |
|
|
|
|
|
|
Sundry Debtors |
|
0.390 |
0.320 |
|
|
|
|
|
|
Cash and Bank Balance |
|
0.220 |
0.270 |
|
|
|
|
|
|
Current Liabilities and
Provision |
|
3.900 |
3.400 |
|
|
|
|
|
|
Sales Turn Over |
|
4.200 |
4.170 |
|
|
|
|
|
|
Profit Before Tax |
|
0.150 |
0.115 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
|
Parameters |
Details |
|
|
|
|
Existence Verification |
|
|
Name |
TAJ MARBLE EXPORTS |
|
Address |
G-7, Trade Zone, Mumtaz Bagh, Chamelwal Market, Jaipur-302001,
Rajasthan, India |
|
2nd address |
G-7, Trade Zone, Mumtaz Bagh, Chamelwal Market, Jaipur-302001,
Rajasthan, India |
|
Phone/ Mobile Numbers |
Tel No.: 91-141-2360442 Mobile No.: 91-9352266644 |
|
Fax Numbers |
|
|
Electricity Bill |
Electricity Bill is in the name of Company |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Proprietary Concern |
|
Income Tax Registration |
AAAPQ6950D |
|
Central Sales Tax Registration |
8032112808 |
|
Service Tax Registration |
N.A |
|
VAT/ TIN Registration |
8032112808 |
|
Excise Registration |
Nil |
|
Import Export Code |
1304015815 |
|
Name of Bank |
Bank of Baroda, Jaipur |
|
Account Since |
2007 |
|
Emp PF Reg Number |
ND |
|
Company ESI Reg. Number |
ND |
|
RBI Code Number |
AAAPQ6950D |
|
|
|
|
Credibility Factors |
|
|
IndiaMART Client Since |
New Member |
|
Years of Establishment |
2003 |
|
Turn Over |
|
|
Turn Over Year |
2008 Rs. 4.200 Millions 2007 Rs. 4.170 Millions |
|
|
|
|
Trade Affiliations |
|
|
SSI Registration |
Nil |
|
|
|
|
Chambers of Commerce Membership |
Nil |
|
|
|
|
Govt. Recognised Export House Status |
Applied |
|
|
|
|
Standards & Certifications |
|
|
Quality Management Systems |
YES |
|
Environment Management Systems |
Nil |
|
Safety Certificates |
YES |
Trade References:
- Local Market
- LGM Marble
Kishanganj
- Sangemarmamar,
Jaipur
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.16 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
35 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|