MIRA
INFORM REPORT
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Report Date : |
26.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAMONI CONSULTANTS |
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Registered Office : |
7/4, TNGO Colony, 7th Street, Nanganallur, Chennai – 600
061, Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Herbals Products. |
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 40000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed concern having
satisfactory track. Trade relations are fair. Business is active. Payments are
reported as usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. K Bala subramaniam |
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Designation : |
Proprietor |
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Contact No.: |
91-44-22329848 |
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Date : |
26.04.2008 |
LOCATIONS
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Registered Office/ Factory : |
7/4, TNGO Colony, 7th Street, Nanganallur, Chennai – 600
061, Tamil Nadu, |
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Tel. No.: |
91-44-22329848 |
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Fax No.: |
91-44-22349848 |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mr. K Balasubramaniam |
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Designation : |
Proprietor |
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Profile: |
· B.Sc (University of Madras ) 1978 Gold Medallist · M.Sc (University of Madras) 1981 gold Medallist · PHD (University of Madras) 1986 Best Thesis Award · University Grants Commission Junior Rese4arch Fellow 1981-1983 · University Grants Commission senior Research Fellow 1983 -1984 · Assistant Lecturer (Department of Organic Chemistry 1984 – 1986) · Senior Microbial Officer (Hoechst) 1986-87 · Senior Scientist R and D (SPIC) 1987 – 1990 · Manager R and D (Malladi Drugs) 1990 -1992 · Post Doctoral fellow Training · University of Stanford California USA Prof. Carl Jerasy · P31 NMR of phospo Lipids · University of Regina Canada Dr. K Veeragavan · Pharmacology and production technology of Anti Cancer Drugs (Vincristin and Vinblastin) · University of laval Quebec Canada Prof. Manjapra · Govindan Warier Molecular Biology PCR of Cancer cells and mechanism · New University of Ulster Northern Ireland UK · Dr. V N Ramachandran · Phyto Medicine (Memory enhancers and Mechanistic pathway) · Manchester Pheromones UK Consultants 1993-95 · Synthesis and activity of Insect repellents Bioassay guided isolation · Professor and Head (Pharmacology) CL Baid Mehtas College of Pharmacy · 1995-200 (Dr. M G R Medical University) · Advisor M/s American Remedies Limited Herbal Medicine and Formulations · Advisor M/s Velvette International Herbal Drugs and Formulations · Member Advisory Board CCARS · Advisors (Technical) SGS India private Limited · Advisors (R and D ) M/s IPCA Limited · Advisor (Business Development ) SPIC Science Foundation · Has 14 National and International Publications · Has 15 presented papers in National and International Symposiums · Conducted Symposiums and Seminars · Given 10 Memorial Lectures · Accredited ISO Auditor · Accredited US FDA / UK / MCA / AUSI TGA consultants · Versed in the norms of NABL / HACCP/ ISO norms · Made laboratories / R and D Accreditation · Scientific Administrator for project Funds (Research Grants) · Conducted Examination for M.Sc, M Phil, Phd and M Pharms · Membership in National and International Bodies · Research assistant coordinator for center of Excellence in Department of organic Chemistry for UGC Special Assistance Scheme. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Herbals Products. |
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Imports : |
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Products : |
Rice and Rice products |
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Countries : |
Korea |
GENERAL
INFORMATION
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No. of Employees : |
10 |
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Bankers : |
Axis Bank, Chennai |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 10.000 millions |
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Borrowed : |
--- |
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Total : |
Rs. 10.000 millions |
FINANCIAL DATA
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Particulars |
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31.03.2007 |
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Sales Turnover |
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US $ 3 million to 12 million is their turnover for the past 3 years |
LOCAL AGENCY
FURTHER INFORMATION
Concern Profile:
The concern is a manufacturer of Herbal Products. The firm is a proprietorship
firm established in 1986. They have a staff of strength of about 10. A brief
description of the education and accomplishments. Of the proprietor Mr. K Bala
Subramaniam. They are specialists in NIOR identification of products. They
offer quality products at competitive rates. The concern is now venturing into
other foods products also.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.18 |
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UK Pound |
1 |
Rs.79.25 |
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Euro |
1 |
Rs.62.90 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
--- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
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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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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
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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 |
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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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