MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
PRADHAN
HERBAL COMPANY |
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Registered Office : |
131,
10th A Main, 1st Block, Jayanagar, Bangalore – 560 011,
Karnataka, India |
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Country : |
India |
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Financials (as on) : |
31.03.2007
(Projected) |
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Date of Incorporation : |
2001 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRP03229C |
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Legal Form : |
Partnership
Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers
of Herbal Products, Herbal Extracts and Ayurvedic Medicines. |
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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Maximum Credit Limit : |
USD
5000 |
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Status : |
Satisfactory
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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 having satisfactory track. Partners
are reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
131,
10th A Main, 1st Block, Jayanagar, Bangalore – 560 011,
Karnataka, India |
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Tel. No.: |
91-80-26561228/
26562420/ 26568349 |
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Mobile No.: |
91-919845223282/
919341231424 |
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Fax No.: |
91-80-26561447 |
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E-Mail : |
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Website : |
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Area : |
3000
sq. ft. |
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Location : |
Owned |
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Factory
: |
131,
10th A Main, 1st Block, Jayanagar, Bangalore – 560 011,
Karnataka, India |
|
Tel.
No.: |
91-80-26561228/
26562420/ 26568349 |
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Mobile No.: |
91-919845223282/
919341231424 |
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Fax
No.: |
91-80-26561447 |
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E-Mail
: |
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Area : |
10000
sq. ft. |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr. H
R Hanumantha Kumar |
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Designation : |
Partner
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Name : |
Mr. H
Pawan |
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Designation : |
Partner
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Date of Birth/Age : |
30
Years |
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Name : |
Mr. H
R Jayakumar |
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Designation : |
Partner
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Date of Birth/Age : |
56
Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers
of Herbal Products, Herbal Extracts and Ayurvedic Medicines. |
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Products : |
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Exports to : |
Singapore,
Mauritius, Muscat, Egypt, UAE, Saudi Arabia |
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Terms : |
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Selling : |
L/C
and Direct and Local 30 to 60 days basis |
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Purchasing : |
Local
30 to 60 days basis |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Around
50 |
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Bankers : |
3rd Block, Jayanagar, Bangalore – 11, Karnataka, India |
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Banking Relations : |
Satisfactory
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Auditors : |
Babu
Associates Chartered
Accountants Bangalore,
Karnataka, India |
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Sister Concerns : |
Pradhan
Perfumers, Bangalore, Karnataka, India Pradhan
International, Bangalore, Karnataka, India
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Membership : |
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CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
1.000 millions |
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Borrowed : |
Nil |
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Total : |
Rs. 1.000
millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
31.03.2007 (Projected) |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
12.000 |
10.000 |
6.000 |
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Profit/Loss for the year |
10% to 20% |
10% to 20% |
10% to 20% |
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Export Value |
90% |
90% |
90% |
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Import Value |
10% |
10% |
10% |
LOCAL AGENCY
FURTHER INFORMATION
As Per Web
Profile
Established in 2001, Pradhan Herbal Company is one of the leading
manufacturer and exporter of broad range of herbal products like Hair Oil, Hair
Tonic, Massage Oils, Herbal Cosmetics for skin and body, Ayurvedic Medicines
for diabetes, arthritis, rheumatism, stress, anti-oxidants, aphrodisiac
capsules and herbal extracts. Based on our high product quality, innovative
designs and superior customer service, products are exported throughout the
world. They export good quality products to countries like UAE, Oman, Saudi
Arabia, Egypt, Bahrain, Singapore and United States of America.
Based in Bangalore, company is the
house of traditional and natural products. They have a team of highly
experienced Research and Development and marketing professionals who ensure
that all the customers are provided premier quality products. The company has
established its legacy in the global market through traditional as well as natural
products such as Natural Oils, Natural Perfumes, Incense Sticks, Dhoops,
Ayurvedic Medicine Products, Herbal Extracts and Herbal Cosmetics.
They use only natural or naturally-derived base
ingredients and ensure that the active properties of the herbal ingredients are
not suppressed or compromised in any way by the formulation. Their excellent
Research and Development team always designs innovative and top quality
products according to market feedback and customer's specific requirements.
Their competitive advantage lies in the uniqueness and credibility of our
products.
They emphasize technical progress, scientific
management, quality control and complete customer satisfaction. They have three
decades of experience in the herbal industry and employ only well-trained as
well as qualified staff, giving us a leading edge over others paving the way
for future success. Innovative designs, qualified professionals, designs
according to tastes and preferences, quantity surveyors acts as source of our
competitive elements.
Product Range :
The products manufactured by our
company are as follows :
- Hair Oil
- Hair Tonic
- Massage Oils
- Herbal Cosmetics
- Ayurvedic Medicines for
diabetes, arthritis, rheumatism, stress.
- Anti-oxidants
- Herbal Extracts
Subject imports
raw material from domestic sources.
Contact
Pradhan Herbal Company
#
131, 10th 'A' Main, 1st Block, Jayanagar, Bangalore - 560011, Karnataka, India
Phone: 91-80-26561228, 26562420,
26568349
Fax: 91-80-26561447
Mobile : 919845223282,+919341231424
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.44.24 |
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UK Pound |
1 |
Rs.86.95 |
|
Euro |
1 |
Rs.57.33 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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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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
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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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