MIRA INFORM
REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
HOOTONE REMEDIES |
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Registered Office : |
3A, Pitru Chaya, Besides Mehboob Film Studio, 23C,Hill Road,
Bandra(W), Mumbai: 400050 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1976 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer of Herbal Drugs, OTC Product, Formulations, and Health
Nutrition’s and Omani 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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is engaged in manufacture and marketing and anti-HIV
Unconditional Medicines. Scale and operation is small. Trade reference are
fair. No Payment record are
available. The concern can be considered for small to mediocre business dealing
and usual trade terms and condition. |
LOCATIONS
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Registered Office : |
3A, Pitru Chaya,
Besides Mehboob Film Studio, 23C,Hill Road, Bandra(W), Mumbai: 50 |
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Tel. No.: |
91-22-26404606
/25465692 |
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Fax No.: |
91 - 22 - 2546 2957 |
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E-Mail : |
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Website : |
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Area : |
1100 Sq.ft |
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Location : |
Owned |
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Factory 1 : |
D-58-59, Next To Mseb
Office, Mek Industrial Complex, Mumbra, Dist: Thane:400 612 India |
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Area : |
3800Sq.ft. |
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Location : |
Owned |
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Branch : |
202, Chaudhari
Plaza, Behind Fashion Street, Above Pardeshi Travels, 185, M.G.
Rd, Pune. |
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Tel. No.: |
91-20-26343273 |
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Fax No.: |
91-9373312326 |
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Branch : |
Gala No. 4, Near
Mahavir College Hall, Kasba Bawda Rd, Sukratara Bldg,Kolhapur. |
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Tel. No.: |
91-20-26343273 |
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Mobile No.: |
91-9373312326 |
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Branch : |
Shree Clinic, Panchil Apartment,
Kesarkar Pet, Satara |
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Tel. No.: |
91-20- 26343273 |
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Mobile No.: |
91-9373312326 |
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Branch : |
84-C, Khizrabad, Near Lions Hospital, New Friends Colony, New Delhi-
110065 |
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Mobile. No.: |
91- 9911178661 |
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Branch : |
D/ 57, MEK Industrial Complex, Opp Fire Brigade, Mumbra, Dist Thane-
400612 |
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Tel. No.: |
91-20-25469589 |
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Branch : |
Next to Noorani Masjid,Gondhale, Plot,50 ft Road, Sangli -416414 |
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Tel. No.: |
91-20- 26343273 |
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Mobile No.: |
91-9373312326 |
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Branch : |
Harendra Polyclinic 2nd Floor, Opp Samadevi Mandir, Adarsh
Arcade,
KhadeBazar,Belgaum,Karnataka.
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Tel. No.: |
91-20-
26343273. |
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Mobile No.: |
91-9373312326 |
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Branch : |
Borgaon Road, Ah-bab Colony, Near Gulshan Iqbal Benglow,Behind Police
line, Taakil, Nagpur-13 |
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Tel. No.: |
91-712-2583001 |
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Mobile No.: |
91-712-3101933 |
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Branch : |
504, 5th floor, Babukhan Estate,Basheer Baug, Hyderabad, (AP) |
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Mobile No.: |
91-9392525000 |
PARTNERS
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Name : |
Dr. Sayyad |
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Designation : |
Partners |
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Date of Birth/Age : |
56 Years |
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Qualification : |
Ayurved |
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Experience : |
35 Years |
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Name : |
B.A Karoem |
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Designation : |
Partners |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Herbal Drugs, OTC Product, Formulations, and Health
Nutrition’s and Omani Medicines |
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Products : |
OTC
Product For Vaginal Contraction in 10
minutes ▪
HOOACHE TM Analgesic Cream - Instant
relief from backache & joint pain. ▪
HOOBUST TM Breast Enhancer & Firmer
in 14 days ▪
HOODERM TM Skin Ointment (Dermatitis,
Psoriasis, eczema) ▪
HOOGUMEX TM Dental & Antiseptic pain
relieving Cream ▪
HOOTUMERIN TM An Unani Formulation for
tumors & nodes ▪
HOOSHINE TM Fairness Cream- Glowing &
shining face ▪
HOOTONE OIL TM Massage Oil- Rheumatic pain,
myalgia, spondylitis, backache, joint pain ▪
HOOTONE HAIRTONE TM Hair Oil- Enrich hair growth,
stops hair falling & premature graying Formulations Anti-retroviral drug ▪ HOOPENEXTM Aphrodisiacs ▪ HOOSLIMTM Antiobesity ▪
HOOBIPINTM Antihypertensive ▪
HOOULSERTM Antiulcerant drug ▪
HOOCYSTINTM Antilithic ▪
HOOCARDTM Cholesterol lowering drug
▪
HOOCARCINTM Antineoplastic ▪
HOOURETINTM Diuretic drug ▪
HOOGASTRINTM Antacid ▪
HOOSTHMINTM Expectorant drug ▪
HOOGLOBINTM Antianemic ▪
HOODIARINTM ▪
HOOCARDTM ▪
HOOCARD External TM Antianginal ▪
HOOCONSTINTM Laxative ▪
HOODIARINTM Antiamebic ▪
HOOSTHMINTM Antiasthamatic drug ▪
HOOCARRYTM Antiabortifacient ▪
HOOBIOTINTM Antibiotic ▪
HOOCYSTINTM Anticholelithogenic drug ▪
HOODEPRINTM Antideppresant ▪
HOOTUBERINTM Anti-Koch's ▪
HOODIABTM Antidiabetic ▪
HOORENOLTM Renal Tonic Antpyretic ▪
HOOPATINTM Hepatic Tonic Haemorrheological products ▪
HOOMEMORINTM Brain Tonic ▪
HOORUMATINTM ▪
HOONORMENSETM ▪
HOOLUEKORINTM Gynecian remedy HEALTH
NUTRITIONS ▪
HOOCAFE TM ▪
HOOTONE HAIRTONE TM ▪
HOOMIGRIN TM |
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Exports : |
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Products : |
Cosmetics , Anti- tiny Dress |
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Countries : |
Nigeria, Kenya, Cameron, U.S.A
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Patient Institutional NGO |
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No. of Employees : |
Total: 20 (Office:5 ; Factory : 15) |
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Bankers : |
Canada bank, Mumbai ICICI Bank Thane |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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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 : |
-- |
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Total : |
Rs.1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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5.000 |
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LOCAL AGENCY
FURTHER INFORMATION
HOOTONE REMEDIES, the parent organization of the Hootone group of
companies, is an ISO 9001: 2000 & GMP certified Prophetic- Unani–Ayurvedic pharmaceutical
firm of international repute, established in 1976,with the purpose of serving
the suffering humanity, manufacturing extra-ordinarily innovative herbal drugs,
like HOO IMM PLUS for HIV/AIDS (the most outstanding among all the
anti-retroviral drugs available in the present market, which recorded 98%
inhibition in anti-retroviral drug sensitivity test whereas others recorded
35-60% only) HOORENOL(which restores a kidney on the verge of failure and
undergoing dialysis to normal condition) HOOCARCIN (for cancer), HOOKEMIA (for
leukemia), HOOCARD (for cardio-vascular problems), HOOPATIN (for hepatitis),
HOODIAB, for diabetes, which activates the pancreatic cells and thus
rejuvenates the pancreas (If a diabetic, who didn’t take allopathic medicines for
diabetes, undergo treatment with our HOODIAB, his pancreas can be rejuvenated
completely within three years. Those who are on the allopathic course of
treatment should not stop it immediately, but, in a tapering dose while
starting treatment with HOODIAB .In the case of a potential hereditary
diabetic, i.e., whose close relative say father or mother is a diabetic, who
takes our medicine as a prophylactic (preventive medicine) the occurrence of
the disease in his/ her case can be delayed for 20 years or even be completely
thwarted at all) HOORUMATIN, for rheumatic disorders, which reproduces the
synovial fluid, the dearth of which is the basic reason for all types of
rheumatic problems like synovitis, gout, spondylitis, lumbago, sciatica, etc. -
all of them highly efficacious HOOTONE unique brands, apart from several world
renowned herbal cosmetics like HOOVIRG, the world’s first of its kind, that
restores elasticity of relaxed vagina to youthful condition in just ten minutes
after application – tens of thousands of marital relationships that reached the
brink of breaking point due to sexual problems were solved, by the Grace of
Almighty during the last three decades of our clinical experience, on account
of HOOVIRG, a providential boon to humanity. HOOTONE OIL is an antithesis from
HOOTONE REMEDIES for those having penetrating problems. In contrast with
vaginal relaxation some women with over contracted vagina due to rigid vaginal
muscles experience bitter pain at the time of penetration. Hootone oil is an ideal
remedy for such cases. It is also an inevitable, multi-purpose home medicine
for external application for a variety of ailments like Rheumatic disorders,
Sciatica, Gout, Lumbago, Arthritis, Body ache, Inflammation (swelling), Cuts,
Wounds, Burns, Injuries, Boils, Sores etc. For further information regarding
the complete range of our products please refer to the brochures given on our
website www.hootone.com.
They would like to point out an extra ordinary feature of our medicines,
except that for AIDS, which is actually a punishment from the Creator Lord
Almighty to Man, the noblest and best of His creations, but, fallen to the
lowest depth of denigration due to their ignominious behavior, that they can be
used not only as a remedy but also as a prophylactic (preventive) as well as a
supplementary diet. That means, in these times when the dreaded diseases like
Cancer, Hepatitis, Kidney Problems, Cardiovascular problems are spreading so
rapidly worldwide, if a healthy person take our HOOCARCIN, HOOPATIN, HOORENOL
and HOOCARD as a supplementary diet it will safeguard them against the
affliction of those disastrous diseases, especially useful in the case of blood
relations of those suffering from such diseases which are prone to transmit
hereditarily. For example, if the close blood relative of a diabetic takes our
HOODIAB as a prophylactic, it will delay the affliction of the disease by
twenty years or it might even were completely thwarted at all.
AIDS is not a new phenomenon but a very old disease. Ancient Indians
have described it as Ojakshaya in their Vedic scripture five thousands years
ago, and, ibn sina (R.A) referred it as Quwwattu- Mudafiatu-Al- Badan in his
historic masterpiece, ‘Cannon of medicine’. Hence they wrote to then Indian
Prime Minister Mrs. Indira Gandhi and WHO on 05/01/1982 regarding the potential
threat of this great health hazard and our successful treatment for it, and the
prompt reply received from Mrs. Indira Gandhi is preserved with us. No reply
has so far reached us from WHO. They wrote to the former prime minister Shree
Atal Bihari Vajpayee on 3/1/2000, and again on 15/5/2002, and to DR.C.P Thakur,
then health minister of India on15/05/2002, to Dr.A.P.J Abdul Kalam, the
president of India on 24/07/2002, Sri. Satrugan Sinha on 08/08/2002 and to
Srimati Sushma Swaraj on 04/11/2003, but no reply received from any of them
till this date, also wrote to the concerned authorities of provincial governments
in India, Central government organization NACO on 25/6/2001, regarding the same
matter. From NACO they received a formal reply. They also wrote to the present
Prime Minister Dr. Manmohan Singh, CPP Leader and UPA Chairperson Srimati Sonia
Gandhi, Union Health Minister Shri Ambumani Ramadoss, Union Minister for
Science & Technology Shri Kapil Sibal, MPs representing metropolitan Mumbai
Shri Sunil Dutt, Shri Govinda and Milind Deora on 05/06/2004, 05/05/05,
18/05/05,15/09/05.
AIDS actually is a natural phenomenon too, for those who closely follow
the footprints of human history, and, a lesson for those who believe in the
epitaph, 'History repeats itself'. "Nature does not know how to pardon a
violator". Man, the noblest and best of Almighty's creations, when
violates his innate nature of innocence, purity, uprightness and morality,
meets with the natural consequences of punishment by their Creator Lord
Almighty in the form of natural calamities like volcanoes, earthquakes,
contagious diseases like AIDS etc.; Celestial scriptures mention the nation of
Sodom, (sodomy later becoming a synonymous word for Homosexuality) the people
of prophet Lut, whose whole habitation was turned upside-down in an earthquake,
their remnants still remaining as dead sea, a perpetual lesson for the
violator.
Inspired and activated by the conviction, “Almighty Has Created
medicines for all the diseases except death, which is not a disease but a
divine decree, medicines help mitigate the malaise (Almighty Willing) but is
incapable of either increasing or decreasing our life span already decreed by
Almighty Lord” they have been endeavoring to formulate few herbal preparations
efficacious in combating the contemporary fatal diseases, utilizing the vast
treasure house of traditional Unani knowledge in concurrence with the most
sophisticated modern medicine and Praise to Lord Almighty our concerted efforts
to that end for more than two and a half decades have blossomed bearing fruits
like HOO-IMM PLUS, which is the most out standing among all the anti-retroviral
drugs for AIDS available in the present market. It recorded the highest (98%)
inhibition in anti-retroviral activity-drug sensitivity test i.e. invitro
laboratory observation (the inhibition recorded by any other anti-retroviral
drug available in the present market is 35-60% only) but also proved very
efficacious in invivo clinical experience. (Any one can arrange to conduct the
invitro ARV test by standard protocol and verify the veracity of the drug to
convince oneself.)
The foolproof evidence for the proven efficacy of our herbal medicine
HOO- IMM Plus is as elucidated below: -
1) 6ml serum / blood sample is to be drawn from a person previously
infected with HIV/AIDS and undergone the complete course of treatment with our
medicine HOO-IMM Plus.
2) The sample is to be well handled as per the NABL guidelines and to be
sent to a renowned and reliable PCR Molecular diagnostic lab.
3) 3 ml of the sample is to be put for Western Blot Antibody test and
the other 3 ml for HIV DNA-PCR Antigen test.
4) The result of the above mentioned tests would report that the blood
sample is positive for Western blot Antibody test & Negative for HIV
DNA-PCR Antigen test.
5) This Interprets that at present the person is HIV negative though he
still carries HIV antibodies (which is not harmful to health), authenticating
his earlier infection with HIV virus.
6) The scientific reason behind
this reporting is that our body immune system creates cell mediated immunity
responses towards HIV antigen to produce antibodies that may persist for a long
time, even after the antigen is completely eliminated from the body. The other
best example is Mycobacterium Tuberculosis antibodies.
The human body can respond to antigen in many different ways. These fall
into two major categories:
· Antibody-mediated immunity. Antibodies, dissolved in blood,
lymph, and other body fluids bind the antigen and trigger a response to it.
(This form of immunity is also called humoral immunity).
· Cell-mediated immunity (CMI). T cells (lymphocytes) bind to the
surface of other cells, display the antigen and trigger a response and may
remain in the body for a long time. The response may involve a) other
lymphocytes and b) any of the other white blood cells (leukocytes)
7) Thus the above mentioned persons who are free from HIV antigen can,
now freely marry and indulge in sexual activities without any risk of infection
to their life partner, women can conceive without any chance of transmitting
the disease to children (though antibodies are likely to be transmitted between
the marital partners or from mother to fetus, it is not harmful to health) and
lead a very normal life.
(It seems that many of the laboratories
and doctors are still unaware of this latest molecular diagnostic test)
An open invitation to world MNCs: -As a leading manufacturer they are quite
well equipped with all the infra structural facilities with state-of-the-art
laboratories under our most innovative R&D wing etc and can cope up with
any potential bulk demand for our products world wide. But, they are looking
for a reliable distributing agency not only capable of distributing our
products expeditiously to the widest section of humanity but also sympathetic
and co-operative with our mode of working because ours is an institution
established with the purpose of serving the suffering humanity, as manifested
by our website www.hootone.com. Our much sought after, and highly innovative products
are therefore made available to the public at very customer friendly prices.
Hence, they wish our genuine world –class products to reach the widest sections
of society the world over at reasonable prices and as early as possible through
agency/agencies willing to swim and sink together with us in this sacred task.
HOOTONE HERBAL RESEARCH FARMINGS
They have researched and developed in our HOOTONE HERBAL GARDEN covering
108 acres situated at Latwan of Ratnagri District in Maharastra, India, several
herbal seeds of various food grains and vegetables suitable for fighting
different disastrous diseases confronting the contemporary humanity. They are
actually potentalising the seeds by means of our herbal fertilizers. For
example, the single petalled garlic and onion thus grown in our herbal garden
acts as a prophylactic as well as medicine for cancer, B.P and heart problems.
Similarly lettuce and goosefoot for hepatitis and other liver problems;
fenugreek for diabetes, heart problems; radish for kidney problems and kalonchi
for AIDS patients etc. They are also cultivating and developing very precious
and rare varieties of herbs in similar manner in our garden. They are happy to
extend our relieving hands to those willing to develop their own such farms, in
keeping with our proclaimed goal of acting together with fellow travellers for
creating a disease free world by ‘turning to Nature and its remedies Natural’.
HOOTONE HERBAL FERTILIZERS
Man is what he eats; rather, our eating habits and the quality of foodstuff
they consume make an indelible imprint upon our health. On closer analysis, it
can be observed that many of the contemporary dreaded diseases like, cancer
(two hundred varieties of them are now known), leukemia, hepatitis, kidney
failure, diabetes, rheumatic disorders and cardio vascular problems, etc can be
attributed to improper nutrition and unhygienic food. Most of the food items
available in the present market, read world markets (any village market has
become a global market, where any spurious product wrapped with an attractive
label of a global producer fetch a lot of consumers) are grown using chemical
fertilizers. With chemical fertilizers there would be abundant yield but it is
really disastrous in the hygienic point of view, whereas our herbal fertilizers
will give comparatively less yield and hence costly but are highly efficacious
products that would help increase the immunity power and just work as a
prophylactic (preventive) and medicine as well.
Our R&D wing, by the Grace Of Almighty Lord, after decades of
scientific experiments and clinical experiences, have researched and developed
herbal fertilizers (prepared out of medicinal plants and its products), if
utilized by the suffering millions afflicted with various kinds of contemporary
dreaded, and life style diseases would bring forth far reaching revolutionary
changes in the health scenario of the world.
It can be easily practiced, not only by the villagers privileged to have
ample water and cultivating lands at their disposal, but also by urban
population living in flat system with scarcity of water and without any
cultivable land. For urban communities, they have developed such herbal
fertilizers, which can be used to cultivate vegetables in mud or plastic pots,
say half a dozen of them, can yield enough green and fresh vegetables for the
three time’s consumption (morning, mid noon and evening and each variety for
different disease) of the family occupying a flat. They have also, praise to
Lord, developed such herbal fertilizers which can be utilized to grow different
vegetables useful as prophylactic (preventive) as well as medicine for
different diseases .If a kidney patient, for instance, take such vegetables
prescribed by HOOTONE REMEDIES for that disease he would get relief from kidney
problems, likewise for other diseases like cancer, hepatitis, heart problems
etc. They are very pleased to pronounce hereby that they have under our command
thousands of trained personnel who can be deputed to any nook and corner of the
world to impart training and coaching to those interested to implement our
methods.
HOOTONE IMPORTS & EXPORTS
Exporters of unique Prophetic- Unani – Ayurvedic herbal medicines for
AIDS, Cancer, Leukemia, Hepatitis, Heart diseases and Kidney problems etc,
herbal fertilizers with innovative knowledge and techniques by HOOTONE trained
personnel, practically propagating our message, ‘Turn to Nature and its
Remedies Natural’ worldwide.
HOOTONE PROCESSED PROPHETIC- UNANI – AYURVEDIC HERBALS: - Suppliers in
Bulk for Other Pharmaceuticals.
This unit of the HOOTONE conglomerate is engaged in manufacturing unique
Prophetic- Unani – Ayurvedic herbal products in bulk quantities for AIDS,
Hepatitis, Cancer, Leukemia, Heart Disorders including blockade &
Cholesterol, Hypertension, Diabetes, Rheumatic disorders etc and supplying to
other major and minor pharmaceutical companies for further distribution with
their own labels and brand names.
A Clarion Call to the World Medical Fraternity:
Knowledge is the monopoly of none, but, a common human heritage. Hence
the fruits of knowledge also, as if air or water, should equitably be
distributed among human beings without any prejudice. They are really pained to
find an unwholesome trend, among some medical fraternity, to compartmentalize the
prevailing ethics of medicine like Allopathy, Homeopathy, Unani-Ayurvedic
(Indian medicine) etc and develop a confrontationist attitude and approach
among one another. This, in our opinion, is highly unnecessary and uncalled
for, because different ethics in fact are not contradictory but complimentary
to one another in their nature and scope of work. For example, Allopathy, which
is far ahead off in surgery, prescribes life long treatment for Heart diseases,
B.P, Diabetes and Rheumatism etc whereas there is very efficacious clinically
proven treatment for chronic cases of the said diseases in Indian medicine.
Similarly, for any acute problem Allopathic treatment is more advisable. They
have very efficacious, clinically proven (through a time span of three decades
of our professional experience) medicines for AIDS, Cancer, Hepatitis,
Diabetes, Rheumatic problems and Kidney problems. Our products are mainly
formulated to fight the menace of chronic diseases.
It is therefore our earnest request to medical fraternity the world over
to cease from the mutual rivalry which creates a far reaching adverse effect on
patients as well as physicians who should unite as one team fighting for the
eradication of diseases from the face of the earth. The objective of our forming
a ‘World Doctors Guild’ of all hue and colors is to achieve that end and they
warmly invite you all to team up with us to take up this onerous
responsibility.
A Charitable Offer to Employers:
There is a system existing in large, as well as small business
organizations to provide free treatment for their employees suffering from
chronic ailments. They herby offer to supply our very efficacious time proven
herbal medicines for chronic diseases like AIDS, Cancer, Leukemia, Hepatitis,
Diabetes and Rheumatic diseases etc at 30% discounted prices to employers who
are willing to provide free treatment to their employees for any of such
diseases.
An Open Appeal:
Prompted by the prophetic precept, ‘Whole humanity is the Family of
Almighty Lord and one who serves His Family best shall be nearest to Him’ we
have been rendering their disinterested service for the last three decades, and
would continue to do so, to the down trodden and the pain stricken sections of
society and every penny earned out of sale of HOOTONE products shall be
expended for such purposes only, so that anyone who come in touch with us in
their business dealings could rest assured that his or her money funneled
through HOOTONE is being spent for a noble cause, and would gain their share of
heavenly reward, because a good honest trade is a service to humanity and
therefore to Creator Lord Almighty.
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 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 theyre 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
bettheyen 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.44.56 |
|
UK Pound |
1 |
Rs.85.79 |
|
Euro |
1 |
Rs.58.40 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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 theyighted scores obtained from each of the major sections of this report.
The assessed factors and their relative theyights (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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar theyight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
|