MIRA
INFORM REPORT
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Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
TEMPUS GEMS |
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Registered Office : |
A – 4, Hauz Khas, New Delhi – 110 016 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2000 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Trader, Dealer and Exporter of Antique Jewelry, Diamond Jewelry,
Jewelry Design, Colored Stones, 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 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are slow but correct. However, the concern can be considered normal for business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ashutosh Gupta |
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Designation : |
Proprietor |
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Contact No.: |
Mobile no. 91-9810002341 |
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Date : |
11.11.2008 |
LOCATIONS
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Registered Office : |
A – 4, Hauz Khas, New Delhi – 110 016, India |
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Tel. No.: |
91-11-26510339 |
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Mobile No.: |
91-9810002341 (Mr. Ashutosh Gupta) |
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Fax No.: |
91-11-23316519 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
22 F Connaught Place, New Delhi – 110 001, India |
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Tel. No.: |
1 646 290 6350 |
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Mobile No.: |
91-9810002341 (India) 1 646 404 2170 (US) |
SOLE PROPRIETOR
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Name : |
Mr. Ashutosh Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader, Dealer and Exporter of Antique Jewelry, Diamond
Jewelry, Jewelry Design, Colored Stones, etc. |
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Products : |
Antique Jewelry
Art-Deco Jewelry
Traditional Jewelry
Moghul Jewelry
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Exports : |
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Products : |
Jewelry Design, Colored Stones, Diamond Jewelry |
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Countries : |
Europe, UK, US |
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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, Retailers and End Users |
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No. of Employees : |
9 (In office) |
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Bankers : |
American Express, Connaught Place |
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Facilities : |
The concern do not enjoy facility from its banker. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
C.B. Gupta and Associates Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries : |
Radiant International Address: A – 4, Hauz Khas, New Delhi – 110 016, India Line of Business: Manufacturer, Trader, Dealer and Exporter of Antique
Jewelry, Diamond Jewelry, Jewelry Design, Colored Stones, etc. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.4.000 millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.4.000 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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50.000 |
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Expected Sales (2008-09): Above Rs.50.000 millions
LOCAL AGENCY FURTHER
INFORMATION
TRADE REFERENCES:
- Ivory Mart,
New Delhi
- K.K. Exports,
New Delhi
WEBSITE DETAILS:
Profile:
The influence of Jewelry is visible throughout the history, as illustrated in the ancient scriptures or images of Gods and Goddesses that have been adorned with it over the centuries. The abundance of jewelry on the sculptures of the Gandhara and Gupta period epitomize this exquisite craft. Over the times Rulers have used jewels as statements of power and prestige. The most significant being the era of Mogul patronage which brought about a distinctive change in the style and art of jewelry making.
Highly sophisticated type of Stonework, Kundan, Enamel and Inlay that has the historic aura associated with jewelry which only kings and queens once wore, is what makes it so attractive. The royal touch of yore speaks volumes of its popularity.
Subject, an offshoot of Ivory Mart Jewelers, has been a family run business for last 150 years and is based in Delhi, India. It deals in Antique, Estate and Mogul jewelry bringing to you this essential piece of the art and culture in the form of beautiful and timeless pieces of jewelry. Each piece of jewelry that it deals in showcases not only the passion for India’s fine heritage but also preserving the highest level of craftsmanship.
It brings to you traditional and contemporary jewelry designs, imbibing class and perfection. Each piece of jewelry is exquisitely handcrafted and unique. It is designed keeping in mind the new age style and fashion, as well as the recognition of a woman’s eternal love affair with jewelry.
It is into retail, wholesale and exports of fine jewelry. It owes its success to the support of its patrons. Subject has a trustworthy and satisfying client base that is spread all over the globe.
Background
Subject was incepted in the year 2000 and is run by the concerted teamwork of Ashutosh and Prerna.
Ashutosh Gupta is a fourth generation jeweler, having been born and brought up in the environment of gems and jewelry. So this genre comes naturally to him. A GIA Alumnus (1998-2000), he possesses expertise in Gem Identification, Jewelry Design, Jewelry Manufacturing, Colored Stones and Diamond Grading. His passion and knowledge, combined with both traditional and scientific techniques, helps him in adding finesse to the craft. This in turn assures the delivery of a quality product that is of international standards.
Ashutosh and Prerna are both certified Gemologist and Jewelry designers having done several specializations in the field from the Gemological Institute of America (GIA) in California, USA.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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. |
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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