MIRA
INFORM REPORT
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Report Date : |
24.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
RADAR MARKETING PRIVATE LIMITED |
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Registered Office : |
57, Nariman Bhawan, Nariman Point, Mumbai-400021, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
10.07.1998 |
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Com. Reg. No.: |
11-115731 |
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CIN No.: [Company
Identification No.] |
U52310MH1998PTC115731 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR13377A |
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PAN No.: [Permanent
Account No.] |
AABCR3374A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading in Healthcare Products and Services. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Satisfactory |
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Comments : |
Subject is an old and established company having moderate track. Company’s
profitability is under severe pressure. It has some accumulated losses.
Payments are reported as slow but correct. The company can be considered normal for small business dealings at
usual trade terms and conditions with slight caution initially. |
LOCATIONS
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Registered Office : |
57, Nariman Bhawan, Nariman Point,
Mumbai-400021, Maharashtra, India |
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Tel. No.: |
91-22-24457581 |
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E-Mail : |
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Operations Office : |
Shop No 7, Rajiv CHS Limited, Gopi Tank
Road, Mumbai - 400 016. India. |
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Tel. No.: |
91 (022) 32500110 / 32946724 |
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Mahim Office : |
B-2,Gajanan Society, LT Dilip Gupte Marg,
Mahim
(W),Mumbai - 400 016. India |
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Tel. No.: |
91 (022) 24457581 |
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Fax No.: |
91 (022) 24457581 |
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Branches : |
Shop No 3,Gautam Complex, Sector 11,CBD -
Belapur, Navi Mumbai - 400 614, India |
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Tel. No.: |
91 (022) 27573139 |
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Fax No.: |
91 (022) 27573139 |
DIRECTORS
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Name : |
Mr. Pradeep Nakahte |
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Designation : |
Managing Director |
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Address : |
B-2, Shree Gajanan Society, LT Dilip Gupte
Marg, Mahim (W),Mumbai - 400 016. India |
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Date of Birth/Age : |
30.03.1964 |
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Date of Appointment : |
10.07.1998 |
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Name : |
Mr. Tarun Chandra Dev |
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Designation : |
Director |
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Address : |
Yasmin Villa, 1st Floor, 282, Ambedkar Road, Parel,
Mumbai-400012, Maharashtra, India |
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Date of Birth/Age : |
29.10.1962 |
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Date of Appointment : |
10.07.1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Pradeep S Nakahte |
505 |
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Mr. Tarun C Dev |
495 |
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Total |
1000 |
BUSINESS DETAILS
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Line of Business : |
Trading in Healthcare Products and Services. |
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Products : |
Trading |
GENERAL INFORMATION
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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(0.227) |
(0.214) |
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NETWORTH |
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(0.127) |
(0.114) |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.280 |
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TOTAL BORROWING |
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0.000 |
0.280 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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(0.127) |
0.166 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.167 |
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Sundry Debtors |
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0.000 |
0.170 |
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Cash & Bank Balances |
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0.039 |
0.140 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.271 |
0.350 |
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Total
Current Assets |
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0.308 |
0.827 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.435 |
0.661 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.435 |
0.661 |
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Net Current Assets |
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(0.127) |
0.166 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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(0.127) |
0.166 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Total Income |
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0.033 |
0.000 |
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Profit/(Loss) Before Tax |
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(0.011) |
(0.097) |
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Provision for Taxation |
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(0.001) |
0.000 |
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Profit/(Loss) After Tax |
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(0.012) |
(0.097) |
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Total Expenditure |
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0.044 |
0.097 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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(36.36) |
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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(33.33) |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(3.57) |
(11.73) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.09) |
(0.85) |
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Debt Equity Ratio (Total Liability/Networth) |
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(3.42) |
(8.25) |
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Current Ratio (Current Asset/Current Liability) |
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0.71 |
1.25 |
LOCAL AGENCY
FURTHER INFORMATION
Director’s Report
:
The directors recommended no dividend on the equity share capital of the
company for the year.
The company has not borrowed any deposits.
The company is not a manufacturing company.
Website Details :
Company Profile
It was the 25th of May 1997 that Radar Marketing was conceived by
Mr. Pradeep Nakhate and Mr. Tarun Dev. With a seed capital of Rs.
60,000, it began with an idea that if they could do it for others, they could
do it for themselves. Grand plans were laid out to replicate corporate success.
Some even to the point of fruition. But it took some hard hits and learning to
finally survive the initial losses. Started as a Marketing Company, Radar soon
had to chart a different course to survive. And so they did. Radar now looks
ahead to newer challenges in health related businesses covering many medical
faculties, Direct Marketing and even Internet based services.
Bachelor of Pharmacy and an MBA , Mr. Pradeep Nakhate has had
over 10 years of experience in Marketing & Selling of Medical Products. In
his last assignment, he was the General Manager Howmedica (Pfizer Limited)
for their Indian operation. He was chiefly responsible for Howmedica business
growth of 300% in 3 years. He has a total of about 5 years experience in
orthopaedics. He has outstanding relationships with the several Orthopaedic
surgeons & trade. Prior to this, he was the Business Manager for Kodak
Health Imaging Products and was instrumental in directing an effort to grow the
business several folds in short span of time. The products included X-Ray
films, chemicals, processors, laser imaging equipment.</P< td>
Mr. Pradeep
Nakhate
A commerce graduate and an MBA specialising in marketing management. Mr.
Tarun Dev has overall experience of over 14 years in Sales and Marketing.
Eleven of which were in Radiology(KODAK) and Orthopaedics marketing casting
products, hospital supplies, Orthopaedic implants and instruments. He has
outstanding relationships with key Radiologists and Orthopaedic surgeons in
Western India. His last assignment was as Business Manager - Western and
Eastern India for Howmedica products and was chiefly responsible for
establishing the Howmedica products with Orthopaedic surgeons and creation of a
distribution channel in Western and Eastern India.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.78 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.55.66 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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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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25 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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