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Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
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Name : |
TRIBHOVANDAS BHIMJI ZAVERI AND SONS |
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Registered
Office : |
Hermes House, 33/35, New Queen Road, Opera House, Mumbai – 400004,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of Establishment : |
1978 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Trader of Gold and Diamond Jewellery. |
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No. of Employees
: |
15 (Approximately) |
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 : |
Subject is a well established partnership concern having a
satisfactory track record. Tribhovandas Bhimji Zaveri is a well known name in
the market for its Gold and Diamond Jewellery. Trade relations are reported
as fair. Business is active. Payments are reported to be usually correct and
as per commitments. The subject can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB |
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Rating Explanation |
Moderate risk of Default |
|
Date |
21.03.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-32913067 |
|
Date : |
18.01.2013 |
LOCATIONS
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Registered Office : |
Hermes House, 33/35, New Queen Road, Opera House, Mumbai – 400004, Maharashtra,
India |
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Tel. No.: |
91-22-23633060 |
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Fax No.: |
91-22-23643058 |
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E-Mail : |
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Website : |
PARTNERS
|
Name : |
Mr. Pratap Zaveri |
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Designation : |
Partner |
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Name : |
Mr. Trimurthy Zaveri |
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Designation : |
Partner |
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Name : |
Mr. Chaitanya Zaveri |
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Designation : |
Partner |
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Name : |
Mr. Jaylal Zaveri |
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Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
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Designation : |
Account Manager |
BUSINESS DETAILS
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Line of Business : |
Trader of Gold and Diamond Jewellery. |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOTE: Figures
gathered by indirect sources.
|
Particulars |
|
31.03.2011 |