MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PEARL INDIA INTERNATIONAL INC |
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Registered Office : |
4362, Nathmal Ji Ka Chowk, KGB Ka Rasta Johri Bazar, Jaipur 302003, Rajasthan. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1992 |
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IEC No.: |
1393002722 |
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PAN No.: [Permanent
Account No.] |
AATPP8416E |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and exporter of Indian Silver Jewelery, Sterling Silver
Jewelery, Old Silver Jewelery. |
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 : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Mr. Ravi Shankar, Proprietor is out of station. In his absence , Mr. D
S Pareek confirmed partial details. Subject is a well established concern having export turnover of Rs.
10.000 Millions. Trade relations are fair. Payments are usually correct and
as per commitment. The concern can be considered normal for business dealings at usual
trade terms and conditions |
INFORMATION PARTED
BY
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Name : |
Mr. D S Pareek |
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Designation : |
Manager |
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Date : |
08.10.2008 |
LOCATIONS
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Registered Office : |
4362, Nathmal Ji Ka Chowk, KGB Ka Rasta Johri Bazar, Jaipur 302003,
Rajasthan. |
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Tel. No.: |
91-141-2567568 |
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Mobile No.: |
91-9351710095 / 9828010095 |
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E-Mail : |
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Website : |
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Area : |
Small |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Ravi Shankar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Post Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of Indian Silver Jewelery, Sterling Silver Jewelery,
Old Silver Jewelery. |
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Products : |
·
Anklet ·
Bracelet ·
Crosses ·
Ear Rings ·
Necklaces ·
Pendants ·
Rings ·
Sets |
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Exports : |
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Products : |
Silver Jewelery |
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Countries : |
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UK ·
USA ·
Australia ·
Poland ·
France ·
Germany ·
Romania ·
Spain |
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Terms : |
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Selling : |
L/C D/A |
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Purchasing : |
Cash/ Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Dept Stores |
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No. of Employees : |
8 |
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Bankers : |
The Bank of Rajasthan Limited. Johri Bazar, Jaipur. |
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Facilities : |
The concern reported to enjoy some facilities from the bankers. |
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Associates/Subsidiaries : |
Shankar Silver Private Limited. 4362, Nathmal Ji Ka Chowk, KGB Ka Rasta, Johri Bazar, Jaipur 302003,
India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions ( Estimated ) |
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Borrowed : |
NA |
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Total : |
Rs. 2.000 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 ( Estimated ) |
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10.000 |
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LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 08652107132 |
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IEC Code : 1393002722 |
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PAN / TAN : AATPP8416E |
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Bank Name : The Bank of Rajasthan Limited |
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Account Since : 2004 |
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In case of any affiliations / memberships / certifications : |
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Name : Registered as SSI Units |
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Type : ( Directorate of Industries Approved by city / state Govt.) |
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Website Details Attached:
Subject was incorporated in year 1992, has evolved themselves strongly amongst the
most prestigious and world renowned export houses in India. Indian jewellery
(silver semi precious, precious) has always been existed in exquisite
variations having unique style of its own. The strong ethics and vision
complied by their President made a pavement for them guide through the road of
success in International Jeweler Export Market. They are pleased to present
them selves as World leader in Indian Silver, Semi-Precious and Precious
Stones. Their Product has Indian Craftsmanship with pinch of latest fashion and
workmanship.
Their gallery has a beautiful and the
most exquisite collection of fine .925 sterling quality silver jewellery and
gifts and ornaments available in variety of colors, designs and shapes,
according to the International trend and optimum cost, within promised delivery
schedules. Most important of all these fashion jewellery products are made from
quality materials. They have wide range of sets,
necklaces,
bracelets,
ear rings,
rings,
pendants
and other ornaments. Out motto is to serve best to customer with great
reliability and satisfaction.
Profile:
Keeping in tune with the latest trends and fashions has been the defining
characteristics of silver colors such as silver rings, bracelets, ear rings,
sets, crosses, necklace, and pendants. Their versatility is exuded in the
diverse spectrum of products They deal in .they have been successful in
redefining the core competencies through innovation and hard work that is
depicted in their silver sets ,silver necklaces ,silver ear rings, silver rings
and crosses. Providing an unmatched quality product, that signifies reliability
and trust, They offer their customer wide range that have high fashion appeal
and comfort that is truly deserved by their valued customers. The Company continues
to chart new territories while building on its heritage of quality items,
reliable clientele and strong vendor base.
Quality:
For them quality is not a mere formality but an expression of hard work and
dedication that they put to export a real product. They have a quality
management team supervise the quality of their products and to create awareness
among their manpower about their quality standard. Their products their
flawless .Customer satisfaction is their priority goal that needs to be fulfilled
by them.
Pearl India is here with some of the most exquisite bracelets which enhance
the beauty of the person who wears them. Vibrant bracelets are the beautiful
creation of their diligent workers who work day and night to provide these
lovely creations to its adorners.
Rings:-
One can feel the vibrancy of Indian ethnicity come alive in the rings
created by their valuable designers. The diversity in the range is
overwhelming. Numerous designs are available in rings and other ornaments too.
- Their designers create some of the most precious and priceless designs
for the customer to meet their needs.
Crosses:-
They keep the latest trend in their mind and present the most beautiful
range of designs to their clients.
Sets:-
These are the results of artistic excellence in silver
work. They try to impart an elegant look with beautiful carvings.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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 |
YES |
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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 |
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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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