MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
B M NATHA EXPORTS |
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Registered Office : |
2435, Bhindon Ka Rasta, Third Cross, Chandpole Bazar, Jaipur – 302 001,
Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1958 |
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IEC No.: |
1307002811 |
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TIN No.: |
08971663666 |
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PAN No.: [Permanent
Account No.] |
AEBPN6903J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Idols in Marble and Wooden Decoratives
and Handicrafts. |
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 1500 |
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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 : |
Subject is a well-established concern having satisfactory track. Trade
relations are fair. The concern is doing well. Payments are usually correct
and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Girish Natha |
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Date : |
01.09.2008 |
LOCATIONS
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Registered Office : |
2435, Bhindon Ka Rasta, Third Cross, Chandpole Bazar, Jaipur – 302
001, Rajasthan, India |
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Tel. No.: |
91-141-2310492/ 2319179 |
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Mobile No.: |
91-9414255782/ 9829098221/ 9460636635/ 9414077492 |
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Fax No.: |
91-141-2319179 |
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E-Mail : |
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Website : |
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Area : |
100 * 100 Sq. ft. |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Gajendra Natha |
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Designation : |
Proprietor |
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Address : |
2435, Bhindon Ka Rasta, Third Cross, Chandpole Bazar, Jaipur – 302
001, Rajasthan, India |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Graduate |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Idols in Marble and Wooden Decoratives
and Handicrafts. |
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Products : |
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Exports : |
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Products : |
v Handicrafts v Idols |
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Countries : |
v USA v Germany v France |
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Terms : |
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Selling : |
Cash and Credit ( 30 days) |
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Purchasing : |
Cash and Credit ( 30 days) |
GENERAL
INFORMATION
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Customers : |
v End Users |
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No. of Employees : |
Total : 29 (Office : 4, Factory : 25) |
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Bankers : |
v Dena Bank Jaipur |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ramesh C. Jain and Company Chartered Accountants |
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Address : |
Jaipur |
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Sister Concerns : |
v Nathamoorti Art Jaipur v Badrinath Natha
and Moduram Natha Jaipur |
CAPITAL STRUCTURE
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Proprietor’s Capital : |
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Owned : |
Rs. 0.300 million |
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Borrowed : |
-- |
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Total : |
Rs. 0.300 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARISED
FIGURES
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Particulars |
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31.03.2008 |
31.03.2007 |
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Proprietor’s Capital |
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0.300 |
0.210 |
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Fixed Assets |
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3.200 |
2.910 |
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Inventories |
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0.500 |
0.000 |
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Cash and Bank |
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0.146 |
0.110 |
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Misc. Expenses |
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0.080 |
0.005 |
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Sales Turnover |
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1.300 |
1.200 |
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Profit/Loss for the year |
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0.080 |
0.059 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Leela Arts – Germany
v Ramesh Kataria - USA
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
B M Natha Exports |
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Address |
2435, Bhindon Ka Rasta, Third Cross, Chandpole Bazar, Jaipur – 302
001, Rajasthan, India |
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Tel. No. |
91-141-2310492/ 2319179 |
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Mobile No |
91-9414255782/ 9829098221/ 9460636635/ 9414077492 |
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Line of Business |
Manufacturer and Exporter of Idols in Marble and Wooden Decoratives
and Handicrafts. |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AEBPN6903J |
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Import Export Code |
1307002811 |
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VAT/ TIN Registration |
8971663666 |
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Name of Bank |
Dena Bank, Jaipur |
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Company ESI Reg. Number |
NA |
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RBI Code Number |
AEBPN6903J |
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Credibility Factors |
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India Mart Client Since |
New Member |
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Year of Establishment |
1958 |
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Trade Affiliations |
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Government Recognised Export House Status |
Export Promotion Council for Handicrafts |
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Standards and Certifications |
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Quality Management Systems |
Yes Maintaining Full Quality Control |
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Safety Certificates |
Yes Maintaining Full Quality Control |
As Per Website Details
Subject incepted in the year 1958 commenced its operation with the aim to promote the Indian art and culture. They are one of the prominent manufacturers of marble statues and marble artifacts, exported to clients across the globe. The workmanship of the craftsmen from Jaipur, has been acknowledged for unsurpassed quality, durability, finish and aesthetics.
Looking at the growing need of marble carved artifacts, they offer an exclusive
and an unlimited choice of designs in the collection such as lord krishna
statue, marble ram darbar statue, mai durga statue, marble fountain etc. The
prolific stone carvers and craftsmen, after gaining a considerable experience
in the industry are well-equipped to understand the exact requirements of the
clients and craft a range at par with their expectations. Also the ability to
offer clients with customized designs and packaging facilities along with a
convenient payment mode, has helped us to carve a niche for them selves in the
handicraft industry.
The founder, Mr. B M NATHA has always been a great source of inspiration for
the team of professionals. It is owing to his sharp vision and business acumen
that they have been able to come such a long way and make a place for them
selves, difficult to be replaced even at present.
Achievements
v Carving the highest brass Jain statues of size 12 feet in Nareli Kshetra, Ajmer
v Designing, carving and assembling the temples for the HAWT Community (Hindu Association of West Texas) in Midland, Texas
v Designing and assembling the Satya narayan Temple of Calcutta and completing the architectural work in marble white
v Designing, carving and assembling the Sajal Shraddha Prakhar Pragya Vedis for the Gayatri Parivar, Shantikunj, Haridwar
v Manufactured and assembling the highest number of manasthambs all over India for several Jain communities
Creation
They are a recognized manufacturer and exporter of marble idols and
statues, temple art, Jain religious idols, garden decorative, home decorative,
architectural products, marble inlay table tops, natural stones and a range of
other customized products.
The exclusive collection of marble statues and marble artifact exhibit the
artistic abilities of the creative spurs. The brilliant craftsmanship and
exotic beauty portrayed through the artifacts are sure to attract everyone’s
attention. Each model/ piece is uniquely handcrafted and is a clear reflection
of the dynamic artistic tradition that the artist from Jaipur showcase.
The one-of-a-kind assortment includes marble ganesh statue, marble hanuman,
lord krishna statue, marble ram darbar statue, mai durga statue, marble shiva,
marble sai-baba, marble mahaveer statue, marble fountain, marble figure and
marble railing. Every work of art stands out owing to the following attributes:
v
Finely polished
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Long term value
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Impeccable finish
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Unmatched quality
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Unsurpassed beauty
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Vibrant color schemes
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Distinguished designs
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High aesthetic appeal
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Brilliant luster and shine
With the aim to deliver a desired gamut of products, they offer
customized solutions on the parameters of dimensions, color combinations and postures
and expressions. This enables them to meet the client specific needs and
demands.
Facilities
They boast of a well built development unit, wherein they employ a combination of traditional as well as contemporary techniques to create unique and exclusive work of art. With a well organized unit, they are able to cater to the bulk market requirements in the most efficient and effective manner, also enabling us to deliver products to clients within the stipulated time frame. They have the necessary hand and pneumatic tools required to craft the marble products as per the requirement of the high end clients. Following are the equipment used by the creative experts:
v Drills
v Chisels
v Grinders
v Hammers
v Tipped tool
v Finishing machine
v Polishing machine
Every department for procurement, designing, sampling, carving, finishing and polishing is constantly upgraded. However, they constantly make the necessary changes and introduce new tools and equipment to keep pace with the changing techniques and market trends.
Creative Experts
The creative spurs belonging to
the state of Jaipur, have inherent artistic skills that get showcased through
their workmanship. The craftsmen make use of their creative ability to carve
every expression and posture and give a unique look to the marble artifacts.
Every piece carved out by them reflects the rich Indian culture and heritage.
Their thorough understanding of the various forms of art and sculpture equips
them to create the most exclusive collection.
Understanding the client requirements and then using their artistic flair to
produce masterpieces has been the talent of the team of professionals. The
lyrical genius of the master craftsmen is displayed through the patterns and
designs. They make continually efforts to develop an innovative collection
according to differential preferences of client's across the globe. Their
commitment to creative excellence enables them to deliver finest sculptures and
statues, translating the creativity in-to handcrafted creations.
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 :
The 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.
The 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
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Indian Rupees |
|
US Dollar |
1 |
Rs. 45.12 |
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UK Pound |
1 |
Rs. 79.60 |
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Euro |
1 |
Rs. 63.83 |
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 |
YES |
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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 |
|
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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