MIRA INFORM REPORT
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Report Date : |
11th November
2006 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL HEALTH CARE PRODUCTS |
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Registered Office : |
134, Dapada Silvassa,
Khanvel Main Road, Silvasa- 396240, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1998 |
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TAN No.: [Tax Deduction & Collection Account No.] |
MUMG047722E |
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PAN No.: [Permanent Account No.] |
AACFG5321L |
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Legal Form |
A
Partnership Concern with an unlimited liability of the partner. |
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Line of Business : |
Manufacturers
and Exporters of Toothpaste and Personal Care Product. (Close-up, Pepsodent –
the concern produces for Hindustan Lever Limited a Unilever Group Company) |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 500000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed concern working solely. For Hindustan Lever
Limited, a Unilever Group Company. Available Information indicates high
financial responsibility of the company. trade relations are fair. Business
is active. Payments are usually correct and as per commitments. The
concern can be considered good for normal business dealings at usual trade
terms and condition. It
can be regarded as a promising business partners in a medium to long-run. Mr.
Raut (Tel. 28050063, 64, 71) remained cooperative during our investigation. |
LOCATIONS
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Registered Office : |
134, Dapada Silvassa,
Khanvel Main Road, Silvasa- 396240, India |
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Tel. No.: |
91-261-2699229/170/230 |
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Fax No.: |
91-261-2699152 |
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E-Mail : |
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Area : |
8417
mtrs. (Owned) |
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Branches : |
15
Sahayog, 5th floor, S V
Road, Kandivali (West), Mumbai-400067 |
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Tel. No.: |
91-22-28050063/64/67 |
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Fax No.: |
912228069623 |
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PARTNERS
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Name : |
Mr.
Baburao V. Prabhu |
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Designation : |
Partner |
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Name : |
Mrs.
Vidya V. Pabhu |
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Designation : |
Partner |
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Name : |
Mr.
Vijay V. Prabhu |
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Designation : |
Partner |
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Name : |
Mr.
Bharat V. Prabhu |
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Designation : |
Partner |
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Name : |
Mrs.
Sujata Mohan Prabhu |
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Designation : |
Partner |
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Name : |
Mr.
Balohankar V. Prabhu |
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Designation : |
Partner |
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Name : |
Mrs.
Anurdha Vivek Prabhu |
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Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Exporters of Toothpaste and Personal Care Product. (Close-up, Pepsodent –
the concern produces for Hindustan Lever Limited a Unilever Group Company) |
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Products : |
Close-up,
Pepsodent |
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Exports to : |
Italy,
Oman, Russia, Dubai, Philippines, Srilanka |
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Imports from : |
Israel
and Turkey |
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Terms : |
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Selling : |
L/C,
Cash and Credit |
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Purchasing : |
L/C,
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
180 |
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Bankers : |
Standered
Chartered Bank Fort,
Mumbai-400023 |
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Banking Relations : |
Good |
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Auditors : |
A.
R. Shetty & Company |
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Sister concern: |
Ø
Bharat Cosmetics
, Silvasa Line
of business: Manufacturers for Hindustan Lever Limited Ø
Unique Health Care,
Silvasa Line
of business: Manufacturers for Hindustan Lever Limited |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
123.400
millions |
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Borrowed : |
-- |
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Total : |
123.400
millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
480.000 |
570.000 |
840.000 |
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Profit/Loss for the year |
NA |
NA |
NA |
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Export Value |
NA |
NA |
NA |
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Import Value |
NA |
NA |
NA |
Expected
Sales March 2007 – Rs. 500.000 1millions.
LOCAL AGENCY FURTHER INFORMATION
The
concern imports raw materials and exports toothpaste and personal health care
products.
The
concern is in trade terms with:
Ø
Hindustan Lever Limited,
Mumbai
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
7 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
7 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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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 |
YES |
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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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60 |
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%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.16 |
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UK
Pound |
1 |
Rs.85.99 |
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Euro |
1 |
Rs.57.92 |