MIRA
INFORM REPORT
|
Report Date : |
5th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
MEDICARE
INDIA |
|
|
|
|
Registered Office : |
Krishna
Nagar, Industrial Area, Opp. Bhagwati Gas Plant, Plot No. 5, Sector 25, Faridabad
– 121005, Haryana, India |
|
|
|
|
Country : |
India |
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|
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|
Financials (as on) : |
31.03.2005 |
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|
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Date of Incorporation : |
1993 |
|
|
|
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELM08230F |
|
|
|
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Legal Form : |
Sole proprietory
concern |
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|
|
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Line of Business : |
Manufacturers
and Traders of medical Equipments, X-Ray machinery parts and Medical
machinery parts and equipments. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
5000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Slow
but correct |
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|
|
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Litigation : |
Clear |
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|
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Comments : |
Subject
is a well established concern having satisfactory track. Payments are
reported as slow but correct. Trade relations are fair. The concern
can be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
Krishna
Nagar, Industrial Area, Opp. Bhagwati Gas Plant, Plot No. 5, Sector 25,
Faridabad – 121005, Haryana, India |
|
Tel. No.: |
91-129-2240242
/ 2230388 / 3964002 |
|
Mobile No.: |
91-9810157220 |
|
Fax No.: |
91-129-2240242
/ 2230388 |
|
E-Mail : |
|
|
Area : |
1200
sq. mtrs. |
|
Location : |
Owned |
|
|
|
SOLE PROPRIETOR
|
Name : |
Mr.
Jacruddin Khan |
|
Designation : |
Sole
Proprietor |
|
Address : |
46
years |
|
Qualification : |
Metric
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Traders of medical Equipments, X-Ray machinery parts and Medical
machinery parts and equipments. |
|
|
|
|
Products : |
X- ray Machines, Diagnostic and Imaging
Equipments, X- Ray Machines |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit
(30 days) and at sight against documents |
|
|
|
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Purchasing : |
L/C,
Cash and Credit (30 days) |
GENERAL
INFORMATION
|
Customers : |
Local
manufacturers in India and End Users |
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|
|
|
No. of Employees : |
In office
: 3 ; In Factory : 12 ; Total : 15 |
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|
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Bankers : |
HDFC
Bank, Faridabad |
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Auditors : |
D. K.
Choubey and Associates Chartered
Accountants Faridabad
|
|
|
|
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
1.000 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
1.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover |
8.500 |
7.800 |
7.000 |
|
|
|
|
|
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Profit/Loss for the year |
0.600 |
0.500 |
0.450 |
|
|
|
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LOCAL AGENCY
FURTHER INFORMATION
Trade
Reference :
v
New
sky Rays, Sharsaram (Bihar)
v
Rays
India, Patna
Medicare is a reputed manufacturer, supplier
and exporter of X-Ray Machines. They are a reputed concern dealing in
the diagnostic & imaging equipments like X-ray machines since 1992.
They are manufacturing X-ray machines in various specifications &
features.
As a diagnostic
tool, X-ray machines have been established as a standard for diagnosing
dental and orthopaedic deformities and other diagnoses. Considering the wide
applications, they have been manufacturing X-ray machines with different
sizes & specifications ranging from portable machines to installation-ready
machines.
Medical Science
& its allied line of productions have gone through a sea-change. To remain
in the business and thrive well, they never compromise on quality. Providing
the best X-ray diagnostic machines is their solo motto. Their production
unit is equipped with all state-of-the-art machineries backed by experienced
tech-people. Their products conform to IS 7620-1986 specifications.
PRODUCTS as per IS 7620-1986
- MOMENTO 100 - 100MA/100KVP
WITH DIGITAL DISPLAY - MOBILE DIAGNOSTIC X-RAY UNIT
- MOMENTO 60 -
100MA/100KVP - MOBILE DIAGNOSTIC X-RAY UNIT
- CARRIER 60 - PORTABLE
DIAGNOSTIC X-RAY UNIT
- DENRAY 10 - PORTABLE
DENTAL DIAGNOSTIC X-RAY
- ANCHOR 100MA - DOUBLE
TANK - 100KVP DIGITAL DIAGNOSTIC X-RAY UNIT
- ANCHOR 100MA - SINGLE
TANK - 100KVP DIGITAL DIAGNOSTIC X-RAY UNIT
|
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 :
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. 45.92 |
|
UK
Pound |
1 |
Rs. 86.09 |
|
Euro |
1 |
Rs. 59.31 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
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 |