MIRA
INFORM REPORT
|
Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SHREE NAKODA MARBLE |
|
|
|
|
Registered Office : |
No.12, Kushal Bagh, Behind Jain Temple, University Road, Udaipur – 313
001, Prajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
2003 |
|
|
|
|
IEC No.: |
1306010683 |
|
|
|
|
TIN No.: |
08434002633 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AIEPM0117A |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Marble, Sandstone, Granite, 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 5000 |
|
|
|
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small concern and not much known in it’s field. It’s
payments are reported as slow. The concern can be considered for small business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Amit Mehta |
|
Designation : |
Proprietor (Chief Executive Officer) |
|
Contact No.: |
91-9414162254 |
|
Date : |
03.11.2008 |
LOCATIONS
|
Registered Office/ Factory : |
No.12, Kushal Bagh, Behind Jain Temple, University Road, Udaipur – 313
001, Prajasthan, India |
|
Tel. No.: |
91-294-2416254 |
|
Mobile No.: |
91-9414162254 |
|
Fax No.: |
91-294-2426970 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 sq ft |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Amit Mehta |
|
Designation : |
Proprietor (Chief Executive Officer) |
|
Date of Birth/Age : |
29 Years |
|
Qualification : |
M. Com |
|
Experience : |
8 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Marble, Sandstone, Granite, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
SILAROCHE |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS
|
Capacity to increase production by : |
50% |
GENERAL
INFORMATION
|
No. of Employees : |
6 |
|
|
|
|
Bankers : |
ABN Amro Bank, Rajasthan, India |
|
Banking
Relations : |
-- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.1.000 Million |
|
Borrowed : |
-- |
|
Total : |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
6.000 |
5.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
12% |
12% |
Expected Sales (2008-09): Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
|
Parameters |
Details |
|
Existence Verification |
|
|
Name |
SHREE NAKODA MARBLE |
|
Address |
No.12, Kushal Bagh, Behind Jain Temple, University Road, Udaipur – 313
001, Prajasthan, India |
|
Phone/ Mobile Numbers |
91-294-2416254 |
|
Fax Numbers |
91-294-2426970 |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Proprietorship Concern |
|
Income Tax Registration |
AIEPM0117A |
|
VAT/ TIN Registration |
08434002633 |
|
Import Export Code |
1306010683 |
|
Name of Bank |
ABN Amro Bank, Rajasthan, India |
|
|
|
|
Credibility Factors |
|
|
Years of Establishment |
2003 |
|
Turn Over |
Rs.9.000 Millions |
|
Turn Over Year |
2008 |
As Per Websites
They started their journey in 2003 with a vision and positive approach to serve the Domestic and International Market with the Exotic Natural Stone from India and to obtain a prominent place in Indian Stone Sector by virtue of trust worthiness and reliability.
They have come a long way since then. Mile per mile since the day of
establishment with their continuous efforts and the support of their customers,
today they have achieved a proud place in the national and international
market.
Their organization is dedicated towards fulfilling the hopes and aspirations of
the valuable customers across the world. They have also enhanced their service
concept each passing day without making any compromise in quality. Rising
demand in domestic market and growing export are indicative of their deep
rooted traditions of doing natural justice with the natural stone. The key factor of their organization is an
experienced and qualified team and this vast experience helps them to serve you
in an effective manner.
To continue their passion of providing the best to their customers, they
present their natural stone products
with a unique brand "SILAROCHE"
with new definition of STONE which
is derived from the astonishing qualities like Soothing, Touchy, Ornate, Natural and Elegant. SILAROCHE with its
unique qualities will strengthen their commitment to serve their customers with
the best that the nature can offer in the form of stones.
Shree Nakoda Marbles is a name you can trust. They believe in building and
bonding everlasting relations with their Customers. This relationship is as
natural as their NATURAL STONE.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
29 |
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 |
|