MIRA
INFORM REPORT
|
Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KAIRALI AYURVEDIC HEALTH RESORTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
A-137, Shivalik Enclave, Malviya Nagar, New Delhi – 110066 |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
18.04.1996 |
|
|
|
|
Com. Reg. No.: |
078294 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELK03434E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and marketing of ayurvedic products, running ayurvedic
health resorts, spas and centers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company. Directors are
reported as experienced and respectable businessmen. Trade relations are
fair. Business is active. Payments are reported as usually correct and as per
commitments The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
120, Andheria Modh, Mehrauli, New Delhi – 110030, Delhi, India |
|
Tel. No.: |
91-11-26802106/26804879/65664447 |
|
Fax No.: |
91-11-41748160 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Reservation Office: |
C – 33, Panchsheel Enclave, New Delhi – 110017, Delhi, India |
|
Tel. No.: |
91-11-41749800/4178064/42567089/26491803/26491804 |
|
Fax No.: |
91-11-41748160 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. K V Ramesh |
|
Designation : |
Director |
|
Date of Birth/Age : |
62 years |
|
Qualification : |
Graduate |
|
Experience : |
40 years |
|
|
|
|
Name : |
Mrs. Geeta Ramesh |
|
Designation : |
Director |
|
Date of Birth/Age : |
58 years |
|
Qualification : |
Graduate |
|
Experience : |
30 years |
|
|
|
|
|
|
|
Name : |
Mr. Abhilash |
|
Designation : |
Director |
|
Date of Birth/Age : |
30 years |
|
Qualification : |
Graduate |
|
Experience : |
7 years |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and marketing of ayurvedic products, running ayurvedic
health resorts, spas and centers. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
|
No. of Employees : |
450 |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Associates/Subsidiaries : |
·
Spa Labs Private Limited, Bangalore ·
Ombeach Resorts, Karnataka ·
Estuary View Resort, Karnataka ·
Kairali Ayurvedic Health Spa, Chembur ·
Kairali Ayurvedic Health Center, Madhya Pradesh ·
Shej Kairali Spa, Himachal Pradesh ·
Kairali Pharmaceuticals, Kerala ·
Kairali Ayurvedic Health Center, Abudabi ·
Kairali Ayurvedic Health Center, Dubai ·
Omar Afra Al falasi Building,
Sharjah ·
Sant Ayurveda, Alwar |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2250000 |
Equity shares |
Rs.10/- each |
Rs.22.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity shares |
Rs.10/- each |
Rs.15.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
220.000 |
190.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
11% |
11% |
|
|
|
|
|
Expected Sales (2007-08) : Rs.250.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
History
of Kairali Group
Subject
is a pioneering venture of Mr K V Ramesh and Mrs. Gita Ramesh. The couple hail
from a family of Traditional Ayurvedic Physicians like Late. Dr.Sankunny Vaidiar
(Grand father of Mr.K.V.Ramesh) and Late Dr.K.S.Vasudevan (father of
Mr.K.V.Ramesh), who have over the past three generations devoted themselves to
the research and development of Ayurvedic Medicines like Lipidex for Obesity,
Durance for Sexual Disorders, Duravin Forte for Aphrodisiac properties and
Spaliv for Liver Disorders. These products are in great demand in India and
abroad.
The 1st
centre was set up in Delhi in the year 1989 and proved an instant success. A
loyal and ever growing clientele stands testimony to the high quality of
treatment. Unparalleled hospitality and selfless service has seen to it that
every client and guest returns satisfied and rejuvenated. Ayurvedic treatments
are the perfect remedy for modern day maladies, which are mostly stress
related. Ayurvedic treatments have great relevance today as the change in
eating habits and modern life styles have made even the very young prone to
ailments like Obesity, Spondylities, Diabetes, Arthritis, Premature Aging etc.
Ayurvedic
treatments relaxes and rejuvenates by detoxifying the body. Regular treatment
results in physiological and psychological well being. The natural ingredients
used in the treatments result in increase of immunity and have no side effects.
Ayurvedic beauty care packages are the best way to get a perfect complexion and
a firm and healthy body. It is no wonder that women are increasingly relying on
Ayurveda to maintain and enhance their looks.
Kairali has conducted a number off workshops in Panchakarma and other Ayurvedic
treatments. These workshops attracted participation from Doctors, Dieticians
and Beauticians from all over the world. Inspired by the interest and
enthusiasm shown by the delegates, the couple decided to expand their
operations and develop Ayurvedic resorts. Thus was born The Kairali Ayurvedic
Health Resort in Palakkad, Kerala.
Spread over 50 acres of breathtaking landscape the resort is a true temple of
hospitality. The superb facilities and the traditional ambience has enticed
visitors from the world over. Traditional ayurvedic treatment is imparted here
using state of the art facilities. The long list of truly satisfied and loyal
clients stands testimony to the authenticity of the treatments and the
excellent hospitality extended to guests.
The Kairali group continues to grow and a number of resorts and Ayurvedic
centers have been established in various locations in India and abroad. For
Kairali the journey towards greater excellence in the service of health and
humanity has just begun. The continuous endeavor to spread the great and
immortal science of Ayurveda will go on.
Website details:
They at
Kairali group with over 8 decades of experience in production and practice in
traditional science of Ayurveda have a good business record in manufacturing
and marketing of Ayurvedic products. The group has earned the trust and
confidence of a large number of customers all over India and abroad. We are the
pioneers in running Ayurvedic Health Resorts, Spas and centers all over the
world.
Their Ayurveda services are famous for its quality and results, as they are
supported with their own trained and qualified manpower and GMP certified
production centres. Their centres are famous for the hygiene and highest level
of customer satisfaction on the result of treatment and services. Govt. of
Kerala has awarded us with Green Leaf Certification. The
Government also considers their resort as the model for Ayurveda Health Resort.
This group was started by Mr. K. V. Ramesh and Mrs. Gita Ramesh hailing from a
family of traditional ayurvedic physician.
Addresses of Kairali Group
Resorts
Kairali Ayurvedic Health Resort
P.O. - Olassery, Kodumbu, Palakkad Dist. - 678551, Kerala (INDIA)
Tel: 0091-4923-222553/222623/224402/224403.
Fax: 0091-4923-222732
Website: www.kairali.com
Ombeach Resorts
Om Beach Road, Bangle Gudde, Gokarna (P.O), Kumta TQ,
Karwar Dist. – 581 326, Karnataka (INDIA)
Tel.: 08386-257052 / 257718
Website: www.ombeachresort.com
Estuary View Resort
Sadashivgadh, Karwar Dist., Karnataka (INDIA)
Tel.: 08382-655277
Website: www.estaryviewresort.com
New Delhi
Kairali Ayurvedic Health Resort Pvt. Ltd.
120, Andheria Modh, Mehrauli, New Delhi – 110 030 (INDIA)
Tel.: 0091-11-65664447, 26802106, 26804879
Kairali Ayurvedic Health SPA
C – 33, Panchsheel Enclave, New Delhi - 110 017, (INDIA)
Tel.: 0091-11- 26491803, 26491804, 41749800, 41748064,
42567089.
Mumbai
Kairali Ayurvedic Health Spa
367 Rajita Villa, 6th Road, Chembur, Mumbai – 400 071 (INDIA)
Tel.: 0091-22-25294477/ 25294499
Khajuraho
Kairali Ayurvedic Health Centre
Opposite Khajuraho Airport, Khajuraho - 471 505,
Madhya Pradesh (INDIA)
Tel.: 0091-7686-272219
Trivandrum
AGE HALT, Mascot Hotel, Mascot Square, Trivandrum – 695 003 (INDIA)
Tel.: 0091-471-3096933, 2318990 - Ext. 161
Himachal Pradesh
SHEJ
KAIRALI SPA, Tarika’s Jungle Retreat, Chail Blossom, District Chail.
Website: www.Tarikasjungleretreat.com
Maharashtra
Satya Health Farm Pvt. Ltd
Vanjerwadi, Karjat, District Raigad –
410 201.
Website:
www.satyahealthfarm.com
Rajasthan
Sant Ayurveda
Village Dughera, Behror, District
Alwar.
Website: www.santayurveda.com
Bangalore
Kairali Ayurvedic Health Resort (P) Ltd.
No. 204, 2nd Floor, Barton Centre, M. G. Road, Bangalore –
560001
Tel.: 080-41122815
Mob: 9886763039
Kairali Pharmaceuticals
12/217, Sultanpet, Palakkad – 678001 (Kerala)
Tel: 0491-2546611
Spalabs Private Limited
23, P.M. Kempaiah Gardens, 13th Cross 4th Phase,
Peenya Industrial Area, Bangalore – 560058
Tel.: 28360044
United Arab Emirates
Kairali Ayurvedic Health CenterKhalidia Palace Hotel
On Main Corniche Road Abudabi.
Ph: 00971-2-6653707
E-mail: uae@kairali.com
Kairali Ayurvedic Health Center
Khalidia Hotel Apartment Al Maqtoum Street Dubai.
Ph: 04-2289144
E-mail: kairali2@emirates.net.ae
Omar Afra Al falasi Building
Room No. 101-First FloorBuilding No. 112
Jamal Abdul Nasser Road, Sharjah.
Ph.: 00971-6 5535563 / 5579
Punjab
The Kikar Lodge,
Village Kangar, Nurpur Bedi, District Ropar.
Website: www.thekikarlodge.com
Uttaranchal
The Satvik Resort
'Shri Kailashmukhi',
Bhimtal, District Nainital – 263 136.
Website: www.thesatvik.com
Vietnam
Ngo Thi Thu Ngan
Khanh Hoa Trading and Investment Company68 Yersin Street,
Nha Trang City, Khanh Hoa Province, Vietnam.
Tel: 84 058 82 12 27
Cell phone: 84 983 615 378
Malaysia
Kairali Herbals (M) Sdn Bhd
6-3 & 6-4 Jalan 13/48ASentul Raya Boulevard, 51000 Kuala
Lumpur.
Tel: 603-4048 1402
Contact Person : Ms. Sheila
Email: kairaliherbals@gmail.com
Japan
Kairali Ayes Oriental Spa
2-87-9, Pac bldg. 2F, Motomachi,
Naka-ku,Yokohama,
Kanagawa, Japan 231-0861.
Tel.: 81-45-640-0383
Fax: 81-45-640-0393
Kairali Health Spa
Nishihara 3-42-16-201, Shibuya-ku,
Tokyo – 151–0066
Tel.: 0081-3-3469-6241 & 42
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 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.39.33 |
|
UK Pound |
1 |
Rs.81.70 |
|
Euro |
1 |
Rs.57.67 |
SCORE & RATING
EXPLANATIONS
|
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--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 |
YES |
|
--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 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. |
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 |
|