MIRA
INFORM REPORT
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Report Date : |
28.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ZIVA IMPEX PRIVATE LIMITED |
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Registered Office : |
32/33, Himalay A Estate, 16-A, Shivaji Nagar, Pune – 411005, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
13.10.2005 |
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Com. Reg. No.: |
11-21405 |
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CIN No.: [Company
Identification No.] |
U51909PN2005PTC021405 |
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IEC No.: |
3105012630 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEZ01892C |
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PAN No.: [Permanent
Account No.] |
AAACZ2425K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Exporters of agro chemical/surgical equipments. |
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 700 |
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Status : |
Small company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company. Directors are reported as
experienced and respectable businessmen. Trade relations are reported as
fair. Business is active. Payments are reported as usually correct and as per
commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
32/33, Himalay A Estate, 16-A, Shivaji Nagar, Pune – 411005, |
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Tel. No.: |
91-20-30289001 |
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Mobile No.: |
91-9822432810 |
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Fax No.: |
91-20-30289003 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. ft. [Owned] |
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Corporate Office : |
1238, Bhavani Peth, Near Palkhi Vithoba Chowk, Pune – 411002, |
DIRECTORS
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Name : |
Mr. Ashok Lalchand Lunkad |
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Designation : |
Director |
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Address : |
Shantai 257/2/9, |
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Date of Birth/Age : |
50 Years |
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Qualification : |
B. Com. |
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Experience : |
25 Years |
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Name : |
Mrs. Sarita Ashok Lunkad |
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Designation : |
Director |
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Address : |
Shantai 257/2/9, |
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Date of Birth/Age : |
50 Years |
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Qualification : |
B. Com. |
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Name : |
Mr. Pritesh Ashok Lunkad |
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Designation : |
Director |
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Address : |
Shantai 257/2/9, |
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Date of Birth/Age : |
26 Years |
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Qualification : |
MBA |
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Experience : |
4 Years |
SHAREHOLDING PATTERN
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Names of
Shareholders |
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No. of Shares |
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Mr. Ashok Lalchand Lunkad |
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5000 |
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Mrs. Sarita Ashok Lunkad |
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5000 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Directors of relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Exporters of agro chemical/surgical equipments. |
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Brand Names : |
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Agencies Held : |
Export Agent – United Phosphorus, |
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Exports : |
Gloves, Diagnostic Kits : Pharmaceutical Formulation : Vaccines, Vet Products : |
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Imports : |
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Products : |
API Pharmaceuticals, Diagnostic Kits, Surgical |
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Countries : |
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Terms : |
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Selling : |
Credit [120 days] |
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Purchasing : |
Credit [90 days] |
GENERAL INFORMATION
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No. of Employees : |
10 |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sanjay L. Thuse Chartered Accountants |
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Address : |
5, Radhakrishna, Plot No. 9, Rambaug Colony, Opposite Anandnagar, Paud
Road, Pune – 411038, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.150 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.150 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.040 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.190 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.246 |
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TOTAL BORROWING |
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0.246 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.436 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.024 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.081 |
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Cash & Bank Balances |
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0.028 |
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Other Current Assets |
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0.005 |
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Loans & Advances |
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0.347 |
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Total
Current Assets |
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0.461 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.020 |
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Provisions |
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0.029 |
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Total
Current Liabilities |
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0.049 |
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Net Current Assets |
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0.412 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.436 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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1.407 |
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Other Income |
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Total Income |
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1.407 |
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Profit/(Loss) Before Tax |
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0.040 |
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Provision for Taxation |
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-- |
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Profit/(Loss) After Tax |
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0.040 |
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Expenditures : |
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Total Expenditure |
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1.367 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total Income |
(%) |
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2.84 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.84 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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8.25 |
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Return on Investment (ROI) (PBT/Networth) |
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0.21 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.55 |
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Current Ratio (Current Asset/Current Liability) |
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9.41 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE
Acon Labs –
+86-13588073119
AS PER WEBSITE
PROFILE
Ziva is a family owned, dynamic firm with a global reach. They cater to the demands of the international clientele based worldwide with a multi-layered product array ranging from Laboratory chemicals, Animal feed, Diagnostic Kits and Surgicals.
Thorough market analysis coupled with the ability to tap potential market facilitates Ziva to offer effective turnkey solutions to every customer demand.
Challenges evoke the passion to explore potential markets and drive them
forward towards fulfilling the needs of their valued clients.
Their quest at Ziva is not only increasing profitability but also assuring
safety, reliability, quality and outstanding service.
They at Ziva, hold utmost regard for quality and safety. Their products undergo
stringent testing procedures in a fully equipped, state of the art in –house
laboratory before setting out to be marketed.
They deal in 4 major segments
namely:
1) Animal Feed
2) Diagnostic Kits
3) Laboratory Chemical
4) Surgicals
They presently cater to
They, at Ziva, strive hard to initiate, develop, maintain and nurture long
lasting associations with their esteemed clientele, reaching out to them,
belying distances, and thus truly achieving their motive of transcending
boundaries.
THE GROUP
A family tradition of enterprise dates back to 1970’s, what seemed like a humble beginning slowly grew to become a multi-hued family venture.
Initially catering to the local market with limited resources and clientele,
the group expanded and reached out to bigger, varied markets.
Today the group operates in various segments and markets ranging from Sugar,
Edible Oil, Transportation, construction material to Realty projects and
exports of Laboratory Chemicals and Diagnostic Kits.
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 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.40.48 |
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1 |
Rs.82.59 |
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Euro |
1 |
Rs.55.55 |
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 |
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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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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