MIRA
INFORM REPORT
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Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
Z N T INTERNATIONAL |
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Registered Office : |
B/9/H/1, New Kasia Bagan Lane, Kolkata - 700 017, West
Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2005 |
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IEC No.: |
0205023533 |
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PAN No.: [Permanent
Account No.] |
AAAFZ3786C |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Leather Products |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in its field. Its payments are slow but
correct. Trade relations are fair. Payments are reported as slow but correct. The concern can be
considered for small business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. N Haque |
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Designation : |
Manager |
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Contact No.: |
91-9433952878 |
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Date : |
07.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
B/9/H/1, New Kasia Bagan Lane, Kolkata - 700
017, West Bengal, India |
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Mobile No.: |
91-9830106265 / 9433952878 |
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Fax No.: |
91-33-22800660 |
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E-Mail : |
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Area : |
1100 Sq.fts |
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Location: |
Rented |
PARTNERS
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Name : |
Mr. Tarannum Saiyad |
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Designation : |
Partner |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Name : |
Ms. Zeba Parveen |
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Designation : |
Partner |
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Date of Birth/Age : |
27 Years |
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Qualification : |
Post Graduate |
KEY EXECUTIVES
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Name : |
Mr. N Haque |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Leather Products |
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Products : |
· Ladies Leather Bags · Ladies Leather Purse · Men's Leather Handbags · Leather Waist bags · Leather Wallets Credit Card Holders · Leather Passport Holders · Leather Business Organisers · Leather CD Bags · Leather Folders · Leather File Folder · Designer Leather Bags |
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Exports : |
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Products : |
Leather products like Bag, Purse, Wallets, Handbags, Etc |
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Countries : |
European Countries like
Germany |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, credit, Advance,
T/T |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers |
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No. of Employees : |
6 |
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Bankers : |
Axis Bank, CIT Road, Kolkata, West Bengal, India |
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Facilities : |
The concern do not enjoy facility from its bankers. |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
Swain and Company Chartered Accountants |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million (Estimated) |
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Borrowed : |
---- |
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Total : |
Rs. 0.500 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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10.000 |
Expected Sales (2008-09): Rs.15.000 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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IEC Code : 0205023533 |
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PAN / TAN :AAAFZ3786C |
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Bank Name : Axis Bank |
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Bank Address :CIT Road |
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Account Since :2007 |
TRADE REFERENCES;-
· Iqbal Ahmed and Company
· Lucky and Company
WEBSITE DETAILS:-
Concern Profile:-
The concern is one of the successful Indian manufacturers and suppliers of leather products. Long-standing experience, contemporary technology and continuously upgraded skill sets have been the secret of their high quality products. Every aspect of their operation exudes professionalism and progress, keeping in mind the long standing ideals like quality, trust and loyalty.
The concern is run by a group of professionals who share a vision about the
concern's progress and are dedicated towards manufacturing quality products.
The concern, which has a considerable size of business share in the leather
industry, is now synonymous to better quality at an affordable price. They are
manufacturers and suppliers of ladies purse, leather wallet, key chain cases,
credit card holders, passport covers and organizers.
Products
Their products are known for durability and superior quality. Their products are available in various designs and patterns. They are well appreciated for innovative and creative designs and styles. Their leather product list includes:-
· Ladies Leather Bags
· Ladies Leather Purse
· Men's Leather Handbags
· Leather Waist bags
· Leather Wallets
· Credit Card Holders
· Leather Passport Holders
· Leather Business Organisers
· Leather CD Bags
· Leather Folders
· Leather File Folder
· Designer Leather Bags
Quality
For them, quality is necessary not just to attract new customers but also to retain their high reputation in market. Their products are checked to ensure exact dimensions, desired thickness, color, softness /stiffness, etc. All their products are produced in environment friendly conditions and adhere to international norms.
Infrastructure
Manufacturing at the concern has been vertically integrated to facilitate all the processes involved in designing and production of quality leather products. Their units incorporate the latest technology, including latest machines. Production is supported by an in-house R and D facility, where new products and processes are under constant development. Their integrated manufacturing operations use state-of-the-art equipment and quality control personnel to ensure only the highest quality standards. Order processing, production monitoring and processes are seamlessly integrated through a concern-wide computer network.
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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
NO |
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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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36 |
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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