MIRA
INFORM REPORT
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Report Date : |
02.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SCORPIA INDIA MEDICARE PRIVATE LIMITED |
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Registered Office : |
133 Jamrodhpur, Greater Kailash – I, New
Delhi – 110 048 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
22.08.1997 |
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Com. Reg. No.: |
55-89220 |
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CIN No.: [Company
Identification No.] |
U33112DL1997PTC089220 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer and Exporter of ECG Machines, Defibrillators, Color Dopplers, O. T. Lights, Analysers, Fetal
Monitors, etc. |
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. |
Small |
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Maximum Credit Limit : |
USD 2000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its filed. Scale of activity
is limited. Trade relations are reported as fair. Payments are reported as
usually correct and as per commitments. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
133 Jamrodhpur, Greater Kailash – I, New
Delhi – 110 048, India |
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E-Mail : |
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Website : |
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Regional Office: (Lucknow) |
Shroti Business Centre, 10-Mandir Marg, Mahanagar, Lucknow – 226 006,
Uttar Pradesh, India |
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Head Office : |
III N / 6/1, Ambedkar Road, Chaudhary Morh, Delhi NCR Region,
Ghaziabad -201 001, Uttar Pradesh, India |
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Tel. No.: |
91-120-2751959 / 4577318 |
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Mobile No: |
91-9311647712 |
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Fax No.: |
91-120-2751959 / 3249303 |
DIRECTORS
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Name : |
Dr. Mahavir Singh |
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Designation : |
Director |
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Address : |
Sh -2580A, Shastri Nagar, Ghaziabad, India |
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Date of Birth/Age : |
01.07.1948 |
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Date of Appointment : |
22.08.1997 |
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Pan No.: |
AFJPS2352B |
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Name : |
Mr. Amit Singh Rohila |
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Designation : |
Director |
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Address : |
Sh -2580A, Shastri Nagar, Ghaziabad, India |
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Date of Birth/Age : |
10.07.1973 |
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Date of Appointment : |
22.08.1997 |
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Pan No.: |
ACKPR6168A |
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Name : |
Mrs. Priyanka Rohila |
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Designation : |
Director |
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Address : |
Sh -280A, Shastri Nagar, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
26.12.1972 |
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Date of Appointment : |
30.09.2005 |
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Name : |
Mr. Sundeep Rohila |
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Designation : |
Director |
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Address : |
Sh -280A, Shastri Nagar, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
03.08.1971 |
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Date of Appointment : |
22.08.1997 |
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Pan No.: |
ACKPR9500Q |
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Name : |
Mrs. Meenakshi Rohila |
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Designation : |
Director |
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Address : |
Sh -280A, Shastri Nagar, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
06.12.1973 |
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Date of Appointment : |
30.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders (as on 31.03.2007):- |
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No. of Shares |
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Dr. Mahavir Singh Rohila |
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2100 |
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Mr. Sandeep Rohila |
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2100 |
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Mr. Amit Singh Rohila |
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2100 |
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Mrs. Meenakshi Rohila |
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2100 |
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Mrs. Priyanka Rohila |
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2100 |
Equity Shares Breakup (Percentage of Total Equity): (as on 31.03.2007)
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of ECG Machines, Defibrillators, Color Dopplers, O. T. Lights, Analysers, Fetal
Monitors, etc. |
GENERAL
INFORMATION
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No. of Employees : |
25 |
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Bankers : |
· Oriental Bank of Commerce, Wright Ganj, Ghaziabad , Uttar Pradesh, India · Punjab National Bank Address: Branch
Shastri Nagar, Ghaziabad – 201 002, Uttar Pradesh, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anil Ajay and Company Chartered Accountants |
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Address : |
A -92, Ram Prasth, Ghaziabad – 201 001, Uttar Pradesh, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10300 |
Equity Shares |
Rs. 10/- each |
Rs. 0.103
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.103 |
0.103 |
0.103 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.389 |
0.205 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
[0.002] |
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NETWORTH |
0.492 |
0.308 |
0.101 |
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LOAN FUNDS |
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1] Secured Loans |
2.673 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.055 |
0.227 |
0.388 |
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TOTAL BORROWING |
2.728 |
0.227 |
0.388 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.220 |
0.535 |
0.489 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.369 |
0.796 |
0.018 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.984
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4.748 |
1.490 |
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Sundry Debtors |
0.863
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1.136 |
0.000 |
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Cash & Bank Balances |
0.690
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1.366 |
0.366 |
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Other Current Assets |
0.754
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0.477 |
0.213 |
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Loans & Advances |
2.017
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1.099 |
0.233 |
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Total
Current Assets |
9.308
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8.826 |
2.302 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
7.457
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8.865 |
1.831 |
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Provisions |
0.000
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0.222 |
0.000 |
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Total
Current Liabilities |
7.457
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9.087 |
1.831 |
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Net Current Assets |
1.851
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[0.261] |
0.471 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.220 |
0.535 |
0.489 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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20.70
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30.24 |
21.97 |
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Current Ratio (Current Asset/Current Liability) |
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1.24
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0.97 |
1.25 |
LOCAL AGENCY
FURTHER INFORMATION
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Name of the
company |
SCORPIA INDIA MEDICARE PRIVATE LIMITED |
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Presented By |
Dr. Mahavir
Singh |
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1) Date and
description of instrument creating the change |
Stock Dated
10.04.2000 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 0.300 million
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3) Name and
Address and description of the person entitled to the charge. |
Oriental Bank of Commerce Address: Wright Ganj, Ghaziabad |
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4) Date and brief description of instrument
modifying the charge |
NA |
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5) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
NA |
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Corporation identity number or foreign company registrations number of
the company |
U33112DL1997PT089220 |
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Name of the company |
SCORPIA INDIA MEDICARE PRIVATE LIMITED |
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Address |
133 Jamrodhpur, Greater Kailash –I, New Delhi – 110 048,
India |
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This Form is for |
Creation of Charge |
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Type of Charges |
· Book debts, · Others |
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Particular of the charge holder
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Punjab National Bank Address: Branch Shastri Nagar, Ghaziabad –
201 002, Uttar Pradesh, India Email: caajaykapoor@gmail.com |
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Nature or description of the instrument creating charge |
Hypothecation of goods and book debts to
secure cash credit facility dated 24.02.2007 |
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Date of the instrument creating charge |
24.02.2007 |
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Amount Secure by the charge |
Rs. 2.200 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest: The rate of Interest shall be chargeable as per HO/ RBI guidelines
from time to time . Presently the same is 11.25% below prevailing BPLR -1.25%
p.a with monthly rests. CC Stocks , CC Book debts or CC Bill for collection (ABC) Limits shall
be availed within CC Limit of Rs. 2.200 millions The cash credit (Hypothecation of stocks and book debts) Limit of Rs.
2.200 millions also secured by entire fixed / block current assets of the
company including trade receivables of the company. Terms of Repayment: Loan renewally annully and payable on demand Margin: 25% Extent and Operation of the
Charge: 100% |
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Short particulars of the Property charged |
Various Raw materials, Viz manufacturing material, raw material, stock of medical Equipments,. Including
excisable raw materials, stock in process, semi finished goods and finished
goods (including bought out finished good) consumable store lying or stored
at premises and godowns situated at Ghaziabad or else where book debts,
outstanding decrees, money receivables government subsidies , claims ,bill
contracts and investment. |
WEBSITE DETAILS:
The company is always available to examine improvement and customize to meet the most difficult requirement of the market. Feedback from the customers has enabled her to improve the working system on a constant basis increasing reliability dramatically. Their dynamic and qualified team of professionals is engaged in an ongoing search for ways of consistent growth and "improving the improvable" ensuring that SCORPIA India trademark is a synonym of constant growth of products and services.
Subject considers whole India as its market. Such an ambitious goal demands excellent logistics, sales,
marketing and efficient after Sales Support. Availability of full product range
under one roof ensures quick and effective solution is made to meet the best of the customers need.
With an established network, goodwill and a technological niche in the industry
this goal is easily achieved by us for their principals and their products.
With their effective channel management system, their principals have been
easily capturing the market with
a consistent growth. Their sales and marketing Team with effective customer
support and logistics helps the efficient and timely placement of the products
with an established growth.
OTHER INFORMATION:
Products:
Patient Monitors and Defibrillators :-
Philips Medical Systems has long and proud
history of developing the industries finest Patient monitors and Smart Bi-
Phasic Defibrillators.
Community to sophisticated multifunction
monitor / defibrillators used by healthcare professionals.
Fetal Monitors:-
Avalon FM -20 Antepartum Monitor for attentive
care and reassurance before childbirth and multiples monitoring capability.
Efficiency designed, it is compact and easy to
use and has power and performance features including high quality CTG. It
integrates monitoring of maternal blood pressure and pulse rate with
measurement of multiple fetal heart rates and uterine activity.
MANAGEMENT TEAM:
Dr. M S Rohila : CEO
A doctor by profession, an ikon in field of
Medical Industry
Dr. Rohila with more than 40 years of
experience in serving Medical Industry has given this company the vision 2010.
Under his vast experience and guidance this company has experienced growth in
multiple folds in last 5 years.
Mr. Sundeep Rohila: Director Technical
An electronic engineer with bio medical
instrumentation specialization having more than 14 years of industry
experience:
Founder of Scorpia India with a vision to
provide to its customer “excellent product and service satisfaction”. Currently
heads Ultrasound Division and customer support division.
Also heading the International Business
Relations to further strengthen the organization and to provide single roof
solution to its customers.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.97 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.62.60 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
--- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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36 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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