MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
A P K HEALTHCARE PRODUCTS |
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Registered Office : |
3622, 2nd floor, Main Netaji Subhash Marg, Daryaganj, |
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Country : |
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Date of Incorporation : |
2007 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter contraceptive products, latex male condoms,
flavored and special dotted condoms |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3600 |
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Status : |
New and small concern |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern having satisfactory track. Proprietor is reported as experienced and
respectable businessman. Trade
relations are reported as fair.
Business is active. Payments
are however reported as slow but correct. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
3622, 2nd floor, Main Netaji Subhash Marg, Daryaganj, |
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Tel. No.: |
91-11-43541890/43580545 |
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Mobile No.: |
91-9212598670 |
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E-Mail : |
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Area : |
600 Sq. ft. |
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Location : |
Rented |
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Factory 1 : |
C-39/21, MSIDC, WALUJ, |
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Area : |
4600 Sq. mtr. |
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Location : |
Owned |
SOLE PROPRIETOR/PARTNERS/DIRECTORS
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Name : |
Dr. Sandhya Chauhan |
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Designation : |
Proprietor |
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Mobile No. : |
91-9212598670 |
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Date of Birth/Age : |
31 Years |
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Qualification : |
M.B.B.S. |
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Experience : |
5 Years |
KEY EXECUTIVES
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Name : |
Mr. S. Chauhan |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter contraceptive products, latex male condoms,
flavored and special dotted condoms |
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Products : |
Latex male Condoms of 5 different type, Plain, Dotted, Multi-Textured,
Contoured, Ribbed |
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Exports : |
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Products : |
Latex male Condoms of 5 different type
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Countries : |
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Terms : |
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Selling : |
LC, Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
Capacity to increase production by: 300%
GENERAL INFORMATION
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Suppliers : |
Owned manufacturing |
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No. of Employees : |
35 |
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Bankers : |
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Facilities : |
Loan from State Bank of Loan of Rs. 0.600 Million |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Note : Previously they were
Directors in family Company : Health Care Latex Ltd. A-33/A, Sector-8, Noida After separation they started their own company : “A P K Healthcare Products” Activities : Manufacturer and
Exporter contraceptive products, latex male condoms, flavored and special
dotted condoms |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.900 Million |
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Borrowed : |
-- |
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Total : |
Rs. 0.900 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Till date company has exported 2 consignments to Russia
Expected Sales (2007-08): Rs. 15.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Profile
Condoms are one of the safest ways of protecting ourselves
from the incurable diseases like AIDS, STDs and STIs. Known for its strict
values of quality and credibility, A.P.K. Healthcare Products has carved
a niche for itself in today's competitive world by offering a wide range of latex
condoms for the mass consumption. The progressive company is a renowned manufacturer
and exporter of these safe, secure and satisfying contraceptive
products, latex male condoms, flavored and special dotted condoms.
With their experience and expertise in the field, they have been offering
quality products to their esteemed customers. All their products are
manufactured in accordance with internationally accepted norms and principles,
facilitating reduction in the risk of STIs and STDs including HIV/AIDS,
cervical cancer, etc. and another important factor- an unwanted pregnancy
They are keenly administered by sound management ethics at every level of their
manufacturing process to ensure flawless production. Their impeccable quality
helps them to earn a remarkable market share in both the domestic and overseas
market.
A.P.K. Healthcare Products has established itself as an
eminent manufacturer and exporter by offering a wide range of superior condoms
at pocket friendly prices to its valued clients. Their condoms are specifically
designed for complete protection & pleasure, with the capability of
reducing the risk of unwanted pregnancy.
Quality Assurance
Their quality is the only pillar on which their
organization's popularity depends. A.P.K. Healthcare follows stringent quality
control measures at every level of its manufacturing process to ensure the
production of only excellent items. Their products are manufactured for the
sole purpose of safe sex. Thus, they take all the necessary steps to ensure
that their products exhibit the best quality. All these contraceptive and
healthcare products are properly tested for their durability and quality in
order to ensure the flow of the safest products to the market.
Infrastructure
They are well equipped with an ultra-modern setup and a well trained team of
professionals to realize all their business objectives. The company also has an
advance testing facility for conducting various tests on their products. They
regularly upgrade their infrastructural abilities in order to manufacture the
finest quality products at competitive prices
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.58 |
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1 |
Rs.81.85 |
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Euro |
1 |
Rs.55.70 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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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
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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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