|
Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASTHA INTERNATIONAL DI ATUL SEKHAWAT |
|
|
|
|
Registered Office : |
Via Del Castagnone, 7, 15048 - Valenza (AL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Date of Incorporation : |
25.09.1998 |
|
|
|
|
Com. Reg. No.: |
AL-1998-27046 of since 23/10/1998 |
|
|
|
|
Legal Form : |
Sole proprietorship |
|
|
|
|
Line of Business : |
Wholesale of clocks, watches and jewellery |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Ceased |
|
Payment Behaviour : |
--- |
|
Litigation : |
--- |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Astha International di Atul Sekhawat
Via Del Castagnone, 7
15048 - Valenza (AL) -IT-
|
Fiscal Code |
: |
SKHTLA64L05Z222F |
|
Legal Form |
: |
Sole proprietorship |
|
start of Activities |
: |
25/09/1998 |
|
Firm's Status |
: |
Ceased |
Wholesale of clocks, watches and
jewellery
Legal Form : Sole proprietorship
|
Fiscal Code : SKHTLA64L05Z222F |
|
Foreign Trade Reg. no. : AL019310 since
08/11/1999 |
|
Foreign Trade Reg. no. : 019310 of since
08/11/1999 |
|
Chamber of Commerce no. : 201402 of since
15/10/1998 |
|
Firms' Register : AL-1998-27046 of since
23/10/1998 |
|
V.A.T. Code : 01806950067 |
|
Start of Activities |
: 25/09/1998 |
|
|
Sekhawat |
Atul |
|
|
|
Born in Indore |
( ) |
on 05/07/1964 |
- Fiscal Code : SKHTLA64L05Z222F |
|
|
|
Residence: |
|
Degli Odescalchi |
, 21 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Proprietor |
|
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
*checkings have been performed
on a national scale.
In this module the companies in
which members hold/held positions are listed.
The Members of the subject firm
are not reported to be Members in other companies.
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Del Castagnone |
, 7 |
- 15048 |
- Valenza |
(AL) |
- IT - |
|
|
|
|
Trading Style: ASTHA INTERNATIONAL |
|
|
|
|
PHONE |
: 0131950201 |
|
|
|
|
Employees |
: 2 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of
8.000 |
Eur |
|
Stocks for a value of 65.000 |
Eur |
|
|
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm is
ceased. |
|
|
|
Date |
: 18/12/2006 |
|
|
The company has
benn struck off the register |
|
|
|
Date |
: 05/02/2007 |
Search performed on a National
Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a
specialized data base.
None reported, standing to the
latest received edition of the Official Publications.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible
only due to combination of the manufacturing skills of the Indian workforce and
the untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK
WITH 2K CR DEBT
This
could be the biggest credibility crisis the Indian diamond industry has ever
faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen
diamond firms in Surat. Until about two months ago, they had not repaid
these dues. Bankers believe many diamantaires borrowed money during the
economic downturn two years ago and diverted funds to businesses like real
estate and capital markets. Many of themselves made money from these businesses
but their diamond companies have gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.87.39 |
|
Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.