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Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BELLO JEWELS PRIVATE LIMITED |
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Formerly Known
As : |
DELTA MARKETING |
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Registered
Office : |
A-26A, Pandav Nagar, |
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Country : |
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Date of
Incorporation : |
21.02.2007 |
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Com. Reg. No.: |
55-159561 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U93090DL2007PTC159561 |
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IEC No.: |
0507012861 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB03585B |
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TIN No: |
07200326379 |
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PAN No.: [Permanent Account No.] |
AADCB0681N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones,
Precious and Semi-Precious Gemstones etc |
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No. of
Employees: |
25 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 400 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management has not filed the financials of the company with the government
department after the year 2008. However, trade relations are reported as fair.
Business is active. Payments are unknown. The company can be considered for business dealings with some
cautions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Gautam Khorana |
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Designation : |
Director |
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Contact No.: |
91-9899149149 |
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Date : |
27.02.2012 |
LOCATIONS
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Registered Office : |
A-26A, Pandav Nagar, Delhi – 110092, India |
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Tel. No.: |
91-124-4235099 |
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Mobile No.: |
91-9899149149 / 9716133323 [Mr. Gautam Khorana] 91-9899706106 [Ms. Sandhya Khorana] |
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Fax No.: |
91-121-4337676 |
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E-Mail : |
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Website : |
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Area : |
800 Sq.ft. (Approximately) |
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Location : |
Rented |
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Head Office : |
GAL 1015-1017, 10th |
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Tel. No.: |
91-124-4235077
/ 4235066 / 4235099 |
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Fax No.: |
91-124-4235099 |
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E-Mail : |
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Area : |
800 Sq. fts. |
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Location : |
Rented |
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Showroom Address: |
SF-55, First Floor, Galleria Shopping Complex, DLF Phase -
IV |
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Tel. No.: |
91-124-4337676 |
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Fax No.: |
91-124-4337600 |
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E-Mail : |
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Factory : |
G-34, Naraina Vihar, |
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Area : |
1800 sq. ft. [Rented] |
DIRECTORS
|
Name : |
Mr. Gautam Khorana |
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Designation : |
Director |
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Address : |
G 34, Naraina Vihar, |
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Date of Birth/Age : |
22.10.1985 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.02.2007 |
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Name : |
Ms. Sandhya Khurana |
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Designation : |
Director |
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Address : |
G 34, Naraina Vihar, |
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Date of Birth/Age : |
12.05.1963 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.02.2007 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2008)
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Gautam Khorana |
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5000 |
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Ms. Sandhya Khurana |
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5000 |
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Total |
|
10000 |
(AS ON 30.09.2008)
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Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Gold and Diamond Jewellery, Gemstones,
Precious and Semi-Precious Gemstones etc |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Pankaj Sharma Associates Chartered Accountants |
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Address : |
267, Vardhman Corporate Plaza, H-9, |
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Tel. No.: |
91-11-27351175 / 25480052 (Res.) |
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Mobile No.: |
91-9811107429 |
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E-Mail : |
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Website : |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not
Available
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
|
50.000 |
50.000 |
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The above information has been parted by Mr.
Gautam Khorana
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
Yes |
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Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
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No.
of Employees |
Yes |
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Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
No |
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Estimation
for coming financial year |
No |
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Capital
the business |
Yes |
|
Details
of sister concerns |
No |
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Major
Suppliers |
No |
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Major
Customers |
No |
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Payment
Terms |
Yes |
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Export
/ Import Details [If Applicable] |
Yes |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
No |
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Incorporation
details, if applicable |
- |
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Last
accounts filed at ROC |
- |
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Major
Shareholders, if applicable |
- |
HISTORY
Subject incorporated in 2003 with style and name as Delta Marketing. Now
it becomes Private Limited Company with name and style as Bellow Jewels Private
Limited, w.e.f. February 21, 2007.
Registered office of the company has been shifted from G-34, Naraina
Vihar,
AS PER WEB DETAILS:
Profile
Backed by excellent craftsmanship and creative
team of designers, Bello Jewels is one of the leading manufacturers and
exporters of Precious and Semi Precious Gemstones, Gemstone Necklaces, Gold and
Diamond Gemstone Jewelry and 925 Sterling Silver Gemstone Jewelry. Their
beautiful jewelry collection is inspired by a legacy of rich Indian tradition
and craftsmanship, which is brilliantly showcased in each piece.
Established in the year 2003, their fashion jewelry is in tune with the
international trends. They focus on intricate details, contemporary designs and
scheduled deliveries. Their products are designed for all age groups and bears
the stamp of distinction and unprecedence. Their warehousing facilities are
adequate and they have an extensive logistics and distribution network to
ensure safe, smooth and prompt delivery of their products to you.
Their worldwide delivery includes all the regions of
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
|
1 |
Rs.79.31 |
|
Euro |
1 |
Rs.66.02 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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
|
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 report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.