MIRA
INFORM REPORT
|
Report Date : |
07.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
TRINITY HEALTHTECH DIVISION OF
TRINITY INTERFACE SYSTEMS PRIVATE LIMITED |
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Registered Office : |
Unit No. 13 to 17, Arenja
Plaza, Plot 52, Sector 15, CBD Belapur, Navi Mumbai - 400 052 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
30.09.2004 |
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Com. Reg. No.: |
11-140141 |
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CIN No.: [Company
Identification No.] |
U74999MH2004PTC140141 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Fitness 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 : |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and has yet to establish track. Directors
are reported as experienced, respectable and having satisfactory means of
their own. Their trade relations are
fair. Payments are reported as slow but correct. Maximum creditline up to
Eur 4000 against D/A or D/P terms, suggested. |
LOCATIONS
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Registered Office : |
Unit No. 13 to 17,
Arenja Plaza, Plot 52, Sector 15, CBD Belapur, Navi Mumbai - 400 052, India |
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Tel. No.: |
91-22-27652782 / 27562721 |
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Mobile No.: |
91- 9323854445 |
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Fax No.: |
91-22- 26054032 / 27652782 / 27562721 |
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E-Mail : |
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Website : |
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Area : |
Medium sized |
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Location : |
Owned |
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Representative at : |
Delhi |
DIRECTORS
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Name : |
Ms. Nikita Ajeet Arenja |
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Designation : |
Director |
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Address : |
13-A, Nalmoral Hall, Mount Mary Road, Bandra, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
20.02.1957 |
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Date of Appointment : |
24.04.2003 |
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Date of Ceasing : |
18.05.2004 |
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Name : |
Mr. Nithiij Ajeet Arenja |
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Designation : |
Director |
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Address : |
13-A, Nalmoral Hall, Mount Mary Road, Bandra, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
25.08.1976 |
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Date of Appointment : |
18.05.2004 |
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Name : |
Mr. Anuj Ajeet Arenja |
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Designation : |
Chief Executive Officer and Managing Director |
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Address : |
13-A, Nalmoral Hall, Mount Mary Road, Bandra, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
08.06.1978 |
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Qualification : |
Graduate |
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Experience : |
4 Years |
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Date of Appointment : |
24.04.2004 |
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Name : |
Ms. Angellina Nithij Arenja |
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Designation : |
Director |
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Address : |
13-A, Nalmoral Hall, Mount Mary Road, Bandra, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
26.08.1980 |
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Date of Appointment : |
18.05.2004 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Anuj Ajeet Arenja |
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500 |
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Ms. Nikita Ajeet Arenja |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Fitness Equipments |
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Products : |
Cardiovascular
Equipment Vibration
Technology Strength
Equipment Rehabilitation
Equipment Fitness Testing Equipment
& Evaluation Equipment |
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Agencies Held : |
H/P/Cosmos
Gmbh Star
Trac (Unisen Inc) MONARK Reebok
Fitness VIBROGYM Star
Trac (Unisen Inc) STRIVE
Inc DAVID
Gmbh BODYMETRIX SPINALMOUSE |
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Imports : |
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Products : |
Fitness Equipments |
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Countries : |
Europe |
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Terms : |
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Selling : |
Credit [30-60 days] |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Retailers, End Users, Corporate Gym.
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No. of Employees : |
10 |
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Bankers : |
ICICI Bank Vashi, Navi Mumbai Oriental Bank of Commerce Bandra Branch, Ground Floor, Mahatma Gandhi Seva, Mandi Trust
Building, S. V. Road, Bandra [West], Mumbai – 400050, Maharashtra, India |
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Facilities : |
-- |
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Banking Relations
: |
Satisfactory |
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Auditors : |
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Name : |
B. H. Hansotia Chartered Accountants |
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Address : |
T-11, Cusrow Baug, SBS Road, Mumbai – 400039, Maharashtra, India |
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Associates/Subsidiaries : |
Qu Life Care Private Limited Ana Enterprises Private Limited -
C & F Agents for Amway Products
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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9980 |
Equity Shares |
Rs. 100/- each |
Rs. 0.998
Millions |
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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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0.998 |
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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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0.794 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.792 |
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LOAN FUNDS |
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1] Secured Loans |
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13.452 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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13.452 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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15.244 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.458 |
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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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5.729 |
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Sundry Debtors |
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10.251 |
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Cash & Bank Balances |
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3.561 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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2.624 |
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Total
Current Assets |
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22.165 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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7.919 |
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Provisions |
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0.467 |
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Total
Current Liabilities |
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8.386 |
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Net Current Assets |
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13.779 |
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MISCELLANEOUS EXPENSES |
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0.007 |
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TOTAL |
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15.244 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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Debt Equity Ratio (Total Liability/Networth) |
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12.19 |
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Current Ratio (Current Asset/Current Liability) |
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2.64 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U74999MH2004PTC140141 |
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Name of the
company |
TRINITY INTERFACE SYSTEMS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Unit No. 13 to 17,
Arenja Plaza, Plot 52, Sector 15, CBD Belapur, Navi Mumbai - 400 052 |
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This form is for |
Modification of charge |
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Type of charge |
Hypothecation
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Particular of
charge holder |
Oriental Bank of Commerce Bandra Branch, Ground Floor, Mahatma Gandhi Seva, Mandi Trust
Building, S. V. Road, Bandra [West], Mumbai – 400050, Maharashtra, India |
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Nature of
instrument creating charge |
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Date of
instrument Creating the charge |
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Amount secured by
the charge |
Rs. 5.000
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Interest rat of
3.00 % p.a. over PLR with minimum of 14.50 % p.a. with monthly rest or such
other rat as may be decided by th Bank form time to time Penal interest of
2.00 % p.a. in addition to the agreed rate in case of default. Other terms
and conditions as per the loaning documents executed by the Borrower Company
with the bank. |
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Description of
the property charged indicating whether it is a charged on |
Stock in trade Book debts |
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Particulars of
the property charged |
To secure due
repayment of letter of Credit Limit / Bank Guarantee of Rs. 5.000 Millions
and for all costs, charges, commission and interest thereon, first charge and
hypothecation of stocks under letter of Credit and counter guarantee of the
company. |
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Charge
identification number of the charge to be modified |
10009023 |
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Brief description
of the instrument modifying the charge under section 135 |
Supplemental agreement
to secure Credit / Loan facilities by way of first modification |
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Date of
instrument modifying the charge |
12.07.2006 |
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Particulars of
the present modification |
Total charge
enhanced from Rs. 5.000 Millions Rs. 20.000
Millions against existing first charge and hypothecation of stocks and
book dents. |
AS PER
WEBSITE
Trinity
Healthtech has an extensive range of truly innovative commercial
wellness technologies and fitness equipment from leading manufacturers
globally.
Customized
Application Solutions Trinity Healthtech is customer centric
company rather than a product focused one. They are always looking for ways to
help their clients by integrating their products into their applications
through customized solutions. To enable this they have internal focus groups
dedicated to industry sectors, clients segments and geographies.
SERVICES:
Research and previous client installations have
helped us develop in-house expertise in the following sectors:
Commercial
fitness centre planning and design
* Sports
performance facility planning and design
* Hospitality
wellness facility planning and design
* Medical
and rehab facility planning and design
* Corporate
healthcare facility planning and design
* Private
& residential facility planning and design
* Commercial
& financial viability studies
* Technical
structure design
…and others. They seek to draw on their expertise to help
their client partners in these sectors incorporate the relevant technologies in
their facilities to improve user convenience, safety, accuracy and performance
TECHNICAL
SERVICES & WARRANTIES
Trinity Healthtech offers a 2 year warranty on most of its
products and has a service infrastructure including a service centre in Mumbai
and regional service engineers to ensure that downtime is reduced to a minimum.
Nationwide Sales Contact Number: (+91) 9323854445
Nationwide Service Contact Number: (+91) 9324590017
Regional Sales Team Contact Details
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Mumbai |
Mr Sudhir Ramdas |
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Bangalore |
Mr Satish B.N. |
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Hyderabad |
Mr Naveen Reddy |
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Cochin |
Mr Sam Varghese |
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Delhi |
Mr Nikhil Sharma |
Regional Service Team Contact Details
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Mumbai |
Mr Waman Shantaram |
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Bangalore |
Mr Suniel Kumar |
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Hyderabad |
Mr Narsing Rao |
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Delhi |
Mr Daljeet Singh |
Trinity
Healthtech provides best-in-class products from the leading manufacturers globally,
backed by excellent technical and customer service.
VISION
Their Vision is to be the leading technical sales and
service provider of Health, Rehab and Wellness technologies in India and Nepal
MISSION
Their Mission is to develop close and long-term
relationships with their clients across the country by demonstrating their
superior technical understanding of their applications and meeting their
requirements with best-in-class products from the leading manufacturers
globally, backed by excellent technical and customer service.
VALUES
There are three values that they put a premium on. They
would like these to be the hallmarks of their organization:
Sincerity - They mean what they say and they say what they
mean. All relationships, with colleagues, customers, partners or anyone else,
are based on mutual trust and they must be sincere, honest and transparent in
all their dealings to ensure the longevity of their relationships
Teamwork - They must encourage a diversity of
views and styles and use it to their advantage. Debate and disagreement,
particularly in the workplace, is inevitable and, to some extent, necessary for
progress. For this, they must be broad-minded, respectful of contrarian views,
and must work in unison, leveraging the strengths of each individual to meet
the goals of the organization.
Excellence - Although confident of their
capabilities and their prospects, they must guard against complacency and work
continuously to reach ever higher levels of excellence. There is always room
for growth and improvement.
BUSINESS
MODEL & STRENGTHS
The business was modeled as a professionally
managed organization offering:
·
a broad yet complementary range of high quality wellness
technology products
·
a national distribution platform with maximum market
penetration
·
superior technical orientation and innovation
·
excellent customer relationship management and after sales
service
PROFILE
Trinity Healthtech partners with some of the
global leaders in industrial automation and instrumentation to bring their
latest technologies to manufacturers in India. Their product range comprises
the leading and most innovative technologies in each area, enabling their
clients to maximize efficiency levels on the plant floor, reduce downtime,
improve and consistently maintain product quality, and improve their returns on
manufacturing investments.
Trinity Healthtech, a division of Trinity
Interface Systems Private Limited, was incorporated in 2003. It is
headquartered in Mumbai, India.
MANAGEMENT
The senior management includes:
Mr Ajeet Arenja – Chairman
The Founder and Managing Director of the AB Group of
Companies, Mr Ajeet Arenja has extensive experience in setting up and
successfully managing businesses across industry sectors over the last 30
years. He has been the guiding force behind all the Arenja Group activities.
Mr Nithiij Arenja - Managing Director
Nithiij graduated from Nottingham University with a
Bachelors degree in Industrial Economics. He oversees the creative
conceptualizing, business development and brand building activities.
Mr Anuj Arenja - CEO & Managing Director
After graduating with a Masters Degree in Engineering,
Economics & Management from Oxford University, Anuj worked with Goldman
Sachs, London as an Investment Banking Analyst for two years. He oversees the
financial, organizational and operational processes.
Mr Sudhir Ramdas - General Manager
Sudhir recieved his Masters in Business Administration from
PSGIM Coimbatore in 2000 and since then he has dedicated himself to the fitness
industry. He is an authority on commericial project management and facility
planning.
ARENJA GROUP
Trinity Healthtech is a division
of Trinity Interface Systems Private Limited, which is a part of the Arenja
Group. The Arenja Group is an investment house that launches and nurtures new
enterprises. In addition to financing these businesses, the Group provides
organizational and administrative support and instills an ethical and socially
responsible approach to doing business in each group company from the outset.
The Group also manages investments across a broad range of instruments on a
proprietary account and for external investors. Please visit
www.arenja.com for more details regarding the Group's businesses.
In
trade terms with
CORPORATES/ INSTITUTIONS:-
Reliance Industries, Mumbai
Schlumberger, Mumbai
Army Sports Institute, Pune
NITIE, Mumbai
Garden Vareli, Surat
ADP, Hyderabad
Franklin Templeton, Hyderabad
Isoft, Hyderabad
Sterling Biotech, Mumbai
Netapps, Bangalore
Motorola, Hyderabad
SVP National Police Academy,
Hyderabad
Lehman Brothers, Mumbai.
IBM
Techspan, New Delhi
Qualcomm, Hyderabad
The Times Of India, Mumbai
Manipal Hospital, Bangalore
Balrampur Chini India Limited
HOTELS/RESORTS:-
Leo Meridian, Hyderabad
Surya Crowne Plaza, New Delhi
ITC Kakatiya Sheraton,
Hyderabad
Jehan Numa Palace Hotel,
Bhopal
Tunga Regency, Mumbai
CLUBS & CLUB HOUSES
DLF Golf and Country Club :
Gurgaon
Rajpath Club , Ahmedabad
Raheja Builders, Mumbai
Maker Towers L, Mumbai
Secunderabad Club, Hyderabad
Cricket Club Of India, Mumbai
Tahnee Heights, Mumbai
Nerul Gymkhana, Mumbai
The Country Club, Mumbai
Mahindra Heights, Mumbai
IJM Raintree Club House,
Hyderabad
FITNESS CENTRES:-
Figurine Fitness: Bangalore
Qi – Mumbai
Gold’s Gym
Evolve Gym , Mumbai
Talwalkars, Bangalore
LatitudesPro, Secunderabad
Euphoria, Mumbai
Exertech, Mumbai
Velvet Wellness, Mumbai
World Gym- Mumbai, Baroda
Peoples Gym, Mumbai
HIGH NET WORTH
INDIVIDUALS/CELEBRITIES:-
Mr. Shah Rukh Khan,
Celebrity, Mumbai
Mr. Anil Ambani,
Industrialist, Mumbai
Mr. Nikhil Meswani, Mumbai
Mr. Manoj Modi, Mumbai
Mr. Suresh Raheja,
Industrialist, Mumbai.
Mr. Khaitan, Industrialist,
New Delhi
Mr. Veyu Garware,
Industrialist, Pune
Mr. Bagheria, New Delhi
Mr. Suresh Jain, Vice
Chairman, Times of India, Mumbai
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.44.27 |
|
UK Pound |
1 |
Rs.85.54 |
|
Euro |
1 |
Rs.58.23 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 weight 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, we have no basis upon which to
recommend credit dealings |
No Rating |
|