MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
BELLO JEWELS PRIVATE LIMITED (w.e.f. February 2007) |
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Formerly Known As : |
DELTA MARKETING |
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Registered Office : |
G-34, Naraina Vihar, New Delhi – 110 028. |
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Country : |
India |
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Date of Incorporation : |
21.02.2007 |
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Com. Reg. No.: |
55-159561 |
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CIN No.: [Company
Identification No.] |
U93090DL2007PTC159561 |
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IEC No.: |
0507012861 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB03585B |
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TIN No: |
07200326379 |
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PAN No.: [Permanent
Account No.] |
AADCB0681N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones,
Necklaces and Fashion Accessories, Precious and Semi-Precious Gemstones. |
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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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 company having satisfactory track records. Directors
are reported as experienced and respectable businessmen. Trade relations are fair.
Business is active. Payments are usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gautam Khurana |
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Designation : |
Director |
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Contact No.: |
91-9899149149 |
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Date : |
26.06.2008 |
LOCATIONS
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Registered Office : |
G-34, Naraina Vihar, New Delhi – 110 028, India |
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Mobile No.: |
91-9899149149 |
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E-Mail : |
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Website : |
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Area : |
1800 sq. fts. |
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Location : |
Rented |
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Head Office : |
803 and 1015, Gallaria Tower Complex, DLF Phase IV, Gurgaon – 122 001,
Haryana, India |
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Tel. No.: |
91-124-4235077 / 4235066 / 4235099 |
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Mobile No.: |
91-9899149149 |
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Fax No.: |
91-124-4235099 |
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E-Mail : |
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Area : |
800 Sq. fts. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Gautam Khurana |
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Designation : |
Director |
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Date of Birth/Age : |
22 Years |
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Qualification : |
Graduate |
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Experience : |
3.5 Years |
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Name : |
Ms. Sandhya Khurana |
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Designation : |
Director |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones,
Necklaces and Fashion Accessories, Precious and Semi-Precious Gemstones. |
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Products : |
ˇ
Gold and Diamond Jewellery ˇ
Gold and Diamond Gemstones ˇ
Necklaces ˇ
Fashion Accessories ˇ
Precious and Semi-Precious Gemstones |
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Exports : |
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Products : |
Gold and Diamond Jewellery, Gemstones, Necklaces and Fashion
Accessories, Precious and Semi-Precious Gemstones. |
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Countries : |
USA, Australia, Europe, Canada and all over the world. |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
90% from Jaipur (India), 10% from Bangkok |
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Terms : |
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Selling : |
100% on Advance basis |
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Purchasing : |
Cash and Credit upto 30-60 days basis |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
About 30 |
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Bankers : |
ICICI Bank Limited Naraina Vihar Branch, New Delhi, India Standard Chartered Bank |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Pankaj Sharma Associates Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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40.000 |
20.000 |
Expected Sales (2008-09): Rs. 110.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
History
Subject incorporated in 2003 with style and name as Delta Marketing. Now
it becomes Private Limited Company with name and style as Bellow Jewels Private
Limited, w.e.f. February 21, 2007.
Trade References:
- Lauritz.Com, Denmark
- ]Gemini, France
- Blitz, Canada
Other Details
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Statutory Approvals |
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Income Tax Registration |
AADCB0681N |
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VAT/ TIN Registration |
06551827569 |
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Import Export Code |
0507012861 |
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Name of Bank |
ICICI Bank |
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Current Account Number |
033503001174 |
AS PER WEB DETAILS:
Profile
Backed by excellent craftsmanship and
creative team of designers, Bello Jewels is one of the leading manufacturers
and exporters of Precious and Semi Precious Gemstones, Gemstone Necklaces, Gold
and Diamond Gemstone Jewelry and 925 Sterling Silver Gemstone Jewelry. Their
beautiful jewelry collection is inspired by a legacy of rich Indian tradition
and craftsmanship, which is brilliantly showcased in each piece.
Established in the year 2003, their fashion jewelry is in tune with the
international trends. They focus on intricate details, contemporary designs and
scheduled deliveries. Their products are designed for all age groups and bears
the stamp of distinction and unprecedence. Their warehousing facilities are
adequate and they have an extensive logistics and distribution network to
ensure safe, smooth and prompt delivery of their products to you.
Their worldwide delivery includes all the regions of USA, Australia and Europe.
They guarantee delivery to the doorstep. They accept payments through Bank
Wire, International Money Order, Paypal & all Major Credit Cards.
Products
Their jewelries are beautiful and
magnificent crafted with utmost perfection. All their products are delivered to
the exact specifications. While they undertake customised orders and make
custom specific design, their regular product range includes the following
items:
- Semi Precious
Gemstones
- 925 Sterling
Silver Jewelry
- Precious
Gemstone Necklaces
- Designer
Gemstone Necklaces
- Semi-Precious
Gemstone Necklaces
- Ruby/Emerald/Sapphire
& Precious Gemstones
- 14K/18K/22K Gold & Diamond Gemstone Jewelry
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] 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. 42.79 |
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UK Pound |
1 |
Rs. 85.04 |
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Euro |
1 |
Rs. 67.34 |
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/normal. |
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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