MIRA
INFORM REPORT
|
Report Date : |
10.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
HERBAL
BODY CURE PRIVATE LIMITED |
|
|
|
|
Registered Office : |
2/1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
21.04.1999 |
|
|
|
|
Com. Reg. No.: |
21-89247 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U99999WB1999PTC089247 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALH01660B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACH9476L |
|
|
|
|
Legal Form : |
Private
Limited liability Company |
|
|
|
|
Line of Business : |
Engaged
in marketing of Ayurvedic Medicine |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a small company, marketing pharmaceutical products. Trade
relations are fair. Profit margin is low. Payments are usually correct and as
per commitments. The
company can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
2/1, |
|
E-Mail : |
Harbans41@yahoo.co.in |
|
|
|
|
Corporate Office : |
AA-63,
Prafulla Kanan (West), Krishnapur, Kolkata – 700101 |
|
Tel. No.: |
91-33-32502001 |
|
Fax No.: |
91-33-25766852 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Rented
– 300 sq. fts. |
|
Location : |
Residential |
|
|
|
|
Head
Office : |
C-278
Defence Colony, |
|
Tel.
No.: |
91-11-26813552 |
|
Fax
No.: |
91-11-24332791 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory
1 / Warehouse : |
D-81,
Okhla Industrial Area, Phase – 1, |
|
Tel.
No.: |
91-11-26813552 |
|
Fax
No.: |
91-11-26813552 |
|
E-Mail
: |
|
|
Area : |
Rented
(Approx 5000 sq. fts.) |
|
Location : |
Residential |
|
|
|
|
Branches
: |
16-1120/7/H/1
Saleem Nagar, Malakpet, |
|
E-Mail
: |
|
|
|
|
|
Branches
: |
Friends
Colony, |
|
Tel.
No.: |
91-671-2433112 |
|
E-Mail
: |
|
|
|
|
|
Branches
: |
Bee
Dee Trading |
|
E-Mail
: |
DIRECTORS
|
Name : |
Lf.
Cornel Harbans Singh (Retired ) |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr.
Ravinder Pal Singh Chatwal |
|
Designation : |
Director
|
|
|
|
|
Name : |
Mr.
Balwinder Singh |
|
Designation : |
Director
|
|
|
|
KEY EXECUTIVES
|
Name
: |
Mr.
Harbans Singh |
|
Designation
: |
Chief
Executive Officer |
|
Address
: |
C-278
Defence Colony, |
|
Date
of Birth/Age : |
6th
March 1941 |
|
Experience
: |
45
years |
|
|
|
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mr.
Ramesh Gandhi |
5100 |
5.1 |
|
Mr.
Harbans Singh |
31000 |
31.0 |
|
Mr.
Ravinder Pal Singh Chatwal |
31000 |
31.0 |
|
Ms.
Soma Mukherjee |
7000 |
7.0 |
|
Mr.
Shashi Kiran Gandhi |
5000 |
5.0 |
|
Mr.
Rahul Gandhi |
2500 |
2.5 |
|
Mrs.
Sarala Gandhi |
4500 |
4.5 |
|
M/s
Rainbow Productions Limited |
13900 |
13.9 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Engaged
in marketing of Ayurvedic Medicine |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
“Pykure”
and “Dykure” |
|
|
|
|
Terms : |
|
|
Selling : |
Cash
and Credit |
|
|
|
|
Purchasing : |
Contract
and Credit |
PRODUCTION
STATUS
|
Particulars |
Actual Production |
|
Ayurvedic Medicine |
75846 |
GENERAL INFORMATION
|
Customers : |
Wholesalers
|
|
|
|
|
Bankers : |
Union
Bank of |
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
J N
Banerjee and Company Chartered
Accountants 5 and
6, Pannalal |
|
Tel. No.: |
91-33-22481114-15 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10 each |
Rs. 1.000 million |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
Issued,
Subscribed Capital |
|
|
|
100000 |
Equity
Shares |
Rs. 10 each |
Rs. 1.000 million |
|
|
|
|
|
|
|
Paid-up
Capital |
|
|
|
100000 |
Equity
Shares |
Rs. 10 each |
Rs. 1.000 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.000 |
1.000 |
1.000 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
3] Accumulated Losses |
(1.925) |
(1.084) |
0.223 |
|
|
NETWORTH |
(0.925) |
(0.084) |
1.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.724 |
1.993 |
2.383 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.724 |
1.993 |
2.383 |
|
|
DEFERRED TAX LIABILITIES |
0.461 |
0.470 |
0.436 |
|
|
|
|
|
|
|
|
TOTAL |
1.260 |
2.379 |
3.819 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.051 |
2.091 |
2.247 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.477
|
0.207
|
0.075
|
|
|
Sundry Debtors |
1.726
|
1.331
|
1.516
|
|
|
Cash & Bank Balances |
0.313
|
0.190
|
0.152
|
|
|
Loans & Advances |
1.533
|
1.777
|
1.663
|
|
Total Current Assets |
4.049 |
3.505 |
3.406
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
4.820
|
3.884
|
3.541
|
|
|
Provisions |
0.020
|
0.003
|
0.003
|
|
Total Current Liabilities |
4.840 |
3.887 |
3.544
|
|
|
Net Current Assets |
(0.791) |
(0.372) |
(0.138)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.660 |
1.487 |
|
|
|
|
|
|
|
|
TOTAL |
1.260 |
2.379 |
3.819 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
4.152 |
5.614 |
5.427 |
|
|
Other Income |
0.091 |
0.090 |
0.000 |
|
|
Total
Income |
4.243 |
5.704 |
5.427 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
(0.832) |
(0.827) |
0.042 |
|
|
Provision for Taxation |
0.009 |
0.034 |
0.067 |
|
|
Profit/(Loss) After Tax |
(0.841) |
(0.861) |
(0.025) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
(Increase ) / Decrease in Stock – in – Trade
|
(0.270) |
(0.131) |
N.A |
|
|
|
Cost of Goods Sold |
0.000 |
0.000 |
|
|
|
Manufacturing Expenses |
0.000 |
0.000 |
|
|
|
Administrative Expenses |
2.043 |
2.694 |
N.A |
|
|
Raw Material Consumed |
0.000 |
0.000 |
|
|
|
Purchases made for re-sale |
2.195 |
2.669 |
|
|
|
Consumption of stores and spares parts |
0.000 |
0.000 |
|
|
|
Increase/(Decrease) in Finished Goods |
0.000 |
0.000 |
|
|
|
Salaries, Wages, Bonus, etc. |
0.000 |
0.000 |
|
|
|
Managerial Remuneration |
0.000 |
0.000 |
|
|
|
Payment to Auditors |
0.000 |
0.000 |
|
|
|
Interest |
0.000 |
0.000 |
|
|
|
Insurance Expenses |
0.000 |
0.000 |
|
|
|
Power & Fuel |
0.000 |
0.000 |
|
|
|
Depreciation & Amortization |
0.157 |
0.152 |
|
|
|
Other Expenditure |
0.948 |
1.145 |
|
|
Total
Expenditure |
5.073 |
6.529 |
N.A |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
(19.82)
|
(15.09) |
(0.460) |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
(20.03)
|
(14.73) |
0.773 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
(0.13)
|
(14.77) |
0.742 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
(0.8)
|
(9.84) |
0.042 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
7.09
|
70.00 |
5.927 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
0.83
|
0.90 |
0.961 |
LOCAL AGENCY FURTHER INFORMATION
About Company
Herbal Body Cure Pvt.Ltd. is a marketing
house. They are the sole selling agent of Chatwal Pharmaceuticals who are
manufacturing herbal products at
At present they are operating in the West
Bengal, Orissa,
In the Board of Directors are Col. Harbans
Singh, Mr. Rabinder Pal Singh and Mr. Balwinder Singh. Col. Harbans Singh is
the C.E.O. of the company
Pykure
Capsule
Ano-Rectal ailments have became very common in almost every family in the World. Constipation, which is the main cause and results in various types of Ano-Rectal Disorders viz hemorrhoids (bleeding piles), anal fissures and rectal swelling, prolapse of rectum and fistula. The above Ano-Rectal ailments result in tiredness, weakness, anaemia, back pain and other physiological disorders which effect the health and efficiency of a person. Herbal Body Cure Private Limited has come out with an Ayurvedic Herbal
Formulation named as PYKURE CAPSULES, which gives immediate relief within 10 Days. Pykure Capsule is a pure herbal formulation of natural Ayurvedic herbs, obtained from the Himalayan range , manufactured by GMP certified M/s Chatwal Pharmaceuticals. It gives immediate relief from all types of Ano-Rectal ailments . It is an established fact that till now only surgery is done to give relief in piles cases. Pykure Capsule have a proven record of giving immediate relief. More than 150000 patients in last ten years have been treated to the entire satisfaction of the patient. These patients includes worst cases of ano-rectal disorders comprising of piles (Hemorrhoid), anal fissure, prolapse of the rectum and fistula
Pykure Ointment
Pykure Ointment is a pure herbal formulation of natural Ayurvedic herbs, obtained from the Himalayan range . For quick recovery from Ano-Rectal disorders It should be applied externally in the effected region along with Pykure Capsules . Local application of Pykure Ointment at the effected area before and after passing stool helps to heal the wound by acting as local lubricant , preventing direct contact with organisms in stool and stimulating damaged tissues to regenerate
Dykure Capsule
The silent killer has attacked over 40
million persons in
Kabzkure Laxative Powder
Constipation (Kabz) is the main cause of several diseases. This is a very common problem, which almost every one has experienced during his/her life time . The problem is acute in persons eating non-veg food, heavy drinking habits , eating fast food , chain smoking , lack of exercise , leading to sedentary life , persons of over 50yrs of age less intake of water and so on . Constipation means difficulty in the passing of the stool and irregularity in evacuation or chronic obstruction of bowel movement which leads to dyspepsia, acidity, indigestion peptic ulcer, headache, joint pains and many more ailments. Herbal Body Cure Private Limited has come out with an ayurvedic herbal medicine in powder form as Chatwal's Kabzkure. It has been formulated from various herbs which have proved to be very effective for chronic constipation. It has no side effects and gentle on stomach, with no griping feeling at all. It does the job of flushing the digestive system and gives a very comfortable and fresh feeling
Manufacturer Certification
- No Steroid
- No Alcohol
- No Narcotics
- No Heavy metals
- Only pure herbal preparation without any known side effects. Before dispatch, all the products are lab tested for toxicity and declared fit for human consumption
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.40.63 |
|
|
1 |
Rs.82.42 |
|
Euro |
1 |
Rs.55.96 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
35 |
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 |
|