MIRA
INFORM REPORT
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Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MODERN NATURAL PRODUCTS |
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Registered Office : |
109/ Mittal Chambers, Nariman Point, Mumbai- 400021 |
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Country : |
India |
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Establishment Year : |
1990 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Trader, and Exporter of Herbal Product- based
on Ayurvedic herbs and their exports, botanical herbs, essential oils,
natural colors, oleoresins, food powders etc |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Said to be closed down |
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Comments : |
We contacted Mr. Rajesh Dalmia who claims that subject has been closed
down perhaps due to a case filed against him from U.S.A. He is very much
up-set when we called him twice. He claimed that he never did business under this name. We had data – base report prepared in 2005 which we are enclosing for
information. Presently, he does business under Link Services Limited and
Vijeta Marketing Limited. The concern can be ignore for any business dealings. |
LOCATIONS
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Registered Office : |
109/ Mittal Chambers, Nariman Point, Mumbai- 400021, India. |
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Tel. No.: |
91-22-22873604 / 22873614 |
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Fax No.: |
91-22-22810509 |
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Website : |
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Area : |
350 sq. ft (leased) |
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Factory : |
MIDC, Industrial Area, Murbad, District- Thane. |
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Area : |
1500 sq. ft (Leased) |
SOLE PROPRIETOR
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Name : |
Mrs. Shashi Dalmia |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Rajesh Dalmia |
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Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader, and Exporter of Herbal Product-
based on Ayurvedic herbs and their exports, botanical herbs, essential oils,
natural colors, oleoresins, food powders etc |
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Products : |
Herbal Products |
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Imports : |
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Countries : |
Europe and U.S.A. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
Total 12 – 4 in office and 8 in factory |
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Bankers : |
Canara Bank Cuffe Parede, Mumbai - 400005 |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Line of business : Traders
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CAPITAL STRUCTURE
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Capital Investment : |
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Rs. 0.500 million |
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Borrowed : |
-- |
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Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Group Turnover :- Rs. 20.000 millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Modern Natural Products (MNP) is a pioneering company in the area of manufacturing and supplying a wide range of herbal products based on ayurvedic herbs and their extracts. Rajesh Dalmia, its president, has vast experience in herbs, herbal products in India and international trading. Within a span of less than a decade, MNP has carved out an impregnable niche for its products along with a matching reputation all over the world. More recently, with the onset of globalization the company has spread its wings overseas notably besides United States in England, Germany, France, Spain, Australia, New Zealand, Japan and in many South American and Asian countries too.
MNP was originally conceived with the mission of scientifically isolating, producing and promoting natural products such as:
- ayurvedic herbs, herbal extracts and formulations
- essential oils, essences and natural colors
- food powders
- natural herbal cosmetics and health products
- spices, spice-based oils and oleoresins
- herbal teas and concentrates
- ayurvedic medicines and phyto-active content
- dried flowers and potpourris
Rajesh Dalmia has successfully initially networked with other domestic firms in the herbal product industry and devised innovative strategies to market their products globally. Consequent to the exponential growth of the herbal industry, MNP has decided to concentrate on its core competence - manufacturing. The shift in focus has spawned two new manufacturing facilities on the outskirts of Mumbai & South India, headed by a renowned scientists. Assisting them is a team of manufacturing and quality development professionals with the additional task of researching and developing new herbal moieties derived from the untapped flora of the Indian sub-continent as well as those based on ancient ayurvedic texts and oriental medical lore. To facilitate this task, MNP has entered into a number of tie-ups with leading domestic and overseas institutions.
MNP complements its flora research operations by development and authentication
of new methodologies jointly with several other institutions in the herbal
industry. Its vast pool of research and development specialists ensures that
the latest methodology, including specialized tests, keeps the company abreast
of the fast growing market for flora research. With its unique and
state-of-the-art testing facilities, MNP has often succeeded in transforming
obscure ideas into ready and saleable consumer products.
Clinical Trials
MNP is also associated with a number of well-equipped hospitals in India for
conducting clinical trials of crude drugs and their derivatives. Renowned
doctors staff these hospitals and act as consultants and advisors to the
company. A prominent hospital is Maa Saraswati Hospital. Clients interested in
testing or conducting clinical trials of crude drugs are requested to contact
MNP.
With a view to better serve its clients, MNP has provided a database of its products on this web site. The company welcomes all queries and feedback on its products. Visitors to this web site will note the extraordinary size of the site due to the company's recognized global standing, its vast personnel team and ever-growing scale of operations. MNP is committed to sharing knowledge about its products as and when it is in consonance with its mission. MNP envisions a future where its dedicated management and skilled staff can create newer and better products as well as more opportunities for its clientele and humanity-at-large.
Latest Products :-
- Herbal
Extracts
- Botanical
Herbs
- European
Products
- International
Products
- Chinese
Products
- Finished
Products
- Essential
Oils
- Natural
Colors
- Oleoresins
- Food
Powders
- Tea
- Herbal Teas
- Potpourries
- Dried
Flowers
Board of Advisers
Dr. Vijay Bhave
Dr. Shishir Mohan
Dr. G. Goel
Dr. R. Goel
Dr. B. Misra
Dr. Poonam Agarwal
TRADE FAIRS & CONVENTIONS
They are participating in the following Tradeshows :
1) Natural Products Expo West, Anaheim, CA (4 - 7 March, 2004)
2) Supply Side East - 2004, USA (3 - 5 May 2004)
3) FCE Pharma, Sao Paulo, Brazil (11 - 15 May 2004)
4) HI JAPAN, Tokyo (Sept. 2004)
5) Supply Side West, USA (Sept. 2004)
6) HI Europe - 2004, Amsterdam (16 - 18 Nov., 2004)
Mr. Rajesh Dalmia, President, MNP at Trade Fair held at Geneva
Mr. Rajesh Dalmia with Dr. Khatri at Trade fair held at Secaucus
Mr. Dalmia with visitors at Tradefair held at Secaucus
Visitor at MNP stall, Tradefair 2000 held at Secaucus
Posters showing Ancient indian techniques of using Herbal medicines at Trade
fair 2000, held at Geneva
Their stall at Supply Side East
Mr. Dalmia discussing with Mr. B. Advani at Supply Side East
Quality Control Operation
Modern Natural Products has consistently striven to uphold and live up to its founding ethos of never compromising on product quality and customer satisfaction. Moreover, MNP attaches paramount importance to human health and employs all conventional and advanced techniques to guarantee high-quality herbal products. In practice, this has meant devising stringent methods and procedures for identifying, analyzing and testing its herbs and herbal extracts so as to obtain high-quality end-products. Rigid control over product quality is made possible by recourse to state-of-the-art machines and the latest production processes. All facilities used in quality control operations are made of stainless steel to ensure a hygienic manufacturing environment. Qualified herbs are extracted and processed by using mineral free water and nature-friendly techniques that eliminate all trace metal residues.
ATOMIC ABSORPTION
SPECTROPHOTOMETER (AAS)
(For Ferrous / non
ferrous Metals / alloys, Foods, Pharmaceuticals, etc.) AAS is a widely used
analytical tool in the field of ferrous and non ferrous Industry and now in the
field of food and Pharmaceutical industries also. Alongwith the autosampler,
graphite furnace, hydride generator and cold vapour generator for mercury for
the determination of elements at PPB / PPM levels, makes it a powerful tool for
the analysis of metals in any matrix. Some of the important applications are :
analysis of residual and trace metals in soils, fertilizers, plant, foodstuffs,
water, biological matter, analysis of hydride forming elements such as arsenic,
antimony, bismuth, tin, selenium and routine analysis of ferrous and non
ferrous metals / alloys, electroplating baths, coal, paints, petrochemicals,
glass, cement, dyes, etc.
GAS CHROMATOGRAPH /
LIQUID CHROMATOGRAPH (GC / HPLC)
GC/HPLC is primarily
used for the analysis of Volatile / nonvolatile components. Used in almost all
the fields including pharmaceuticals for the analysis of organic volatile
impurities (OVI), bulk drugs / intermediates, fine chemicals, dyes / dyes
intermediates, pesticides, food, oils, fatty acids, perfumery, gases and in a
variety of applications. One of their unique strengths is in identification of
unknown impurities in the sample using GC-MS and LC-Ms instruments.
PARTICLE SIZE
ANALYZER (PSS)
Laser based particle size
analysis is becoming day by day a powerful tool in determining the particle
size in a variety of applications including, solids, latex, fat, solvents,
emulsions, surfactants, detergents, liposomes, miscelles, proteins,
macromolecules, pigments, dyes, ceramics, paints, coatings, pharmaceuticals,
softdrink emulsions, water in oil dispersions, aerosols, etc.
DIFFERNTIAL SCANNING
CALORIMETER (DSC)
Thermal analysis
system is based on boersma heat flux principle. It is a simple and accurate
method for determining the melting, boiling and decomposition points of organic
compounds. It can also be used in determining purity of pharmaceutical
products. Widely used to study the characterization of polymers. Also used for
the determination of enthalpy (?H) heat of reaction and phase diagrams,
polymorphic investigations, etc.
X- RAY FLUORESCENCE
SPECTROMETER (XRF)
Used for the
qualitative and quantitative analysis of elements from Sodium (Na) to Uranium (U)
in the periodic table. It is a non destructive technique in which simultaneous
analysis of many elements is possible from 100 PPM to 100%. Sample can be
analyzed in solid, liquid or thin film. Some of the important applications are
analysis of oils for sulphur and phosphorus determination, analysis of metals /
alloys, plastic, petroleum products, slurries, food and drugs, forensics,
agriculture, gold, cement, bulk drugs, etc.
GAS CHROMATOGRAPH-
MASS SPECTROMETER (GCMS)
Separation and
identification of organic compounds of chemical unknowns in trace levels. Total
operation through the latest window based software in SIR and scanning mode.
Flexible in both EI and +ve and -ve ion CI. Availability of extensive NIST /
LIBTX libraries to help in the quick identification of chemical unknowns.
Detection as low as picogram levels. Applications include pharmaceuticals,
pesticides, perfumery, industrial chemicals, air pollutants, polymer additives,
hydrocarbons in fuels and lubricants, etc.
LIQUID CHROMATOGRAPH -
MASS SPECTROMETER (LC-MS)
Navigator from FINNIGAN used for the online mass detection. Both Electrospray
lonisation (ESI) and Atmospheric Pressure Chemical lonization (APCI) techniques
available. A quadrupole upto a mass range of 1600 AMU extendable to 100 kda for
the analysis of peptides and nucleotides with electrospary ionization. Positive
and negative mass spectra obtainable on alternative scans enabling mass spectra
in both the nodes in a single experiment. Compatible to capillary to 4.6 mm
columns.
Guidelines for processing crude drugs and controlling the quality of herbal extracts include a format for standardizing ayurvedic crude drugs on the basis of their plant origin and related characteristics. This format incorporates the following:
1. Finding the crude drug's plant origin by taxonomic name and synonyms.
2. Tracking the source of the plant, i.e., the parts or places where it is
available or grown.
3. Identifying the agronomic features of the plant such as method of
cultivation, cell culture, etc.
4. Describing the crude drug on the basis of macroscopic and microscopic
examination and powder analysis.
5. Testing the crude drug for identity, purity and strength.
6. Naming the constituents of the crude drug such as plant chemicals present in
various forms.
7. Fingerprinting the active principles of herbal constituents by using
chromatographic techniques.
8. Describing the properties and action of the crude drug.
9. Compiling a list of important ayurvedic formulations that contain the crude
drug.
10. Disclosing the sampling methods employed to determine plant or foreign matter present.
11. Locating adulterants by macroscopic or microscopic examination.
12. Cleansing the crude drug of foreign matter and monitoring storage conditions.
a. MNP plant specifies the following standard operations (in sequence):
i) Water washing - steam tray - oven drying - pulverization - storage
ii) Sifting on vibrating machine - pulverization - storage
iii) Treating with ethylene oxide - sifting on vibrating machine - pulverization – storage
b. Their plan has ensured quality and purity of drug products for clients by:
i) Food and Drug Administration (FDA) certification of storage conditions
ii) FDA approval for facilities that have separate locations for raw material stores, cleaning crude drugs and storing finished products.
iii) Using analysis report to monitor quality and flow of crude drugs and finished product consignments from factory premises.
13. controlling bacterial and fungal load in crude drugs and confirming absence
of pathogens in finished herbal products.
Mr. Dalmia with a Foreign buyer in a Quality control room, watching the testing
of products
Mr. Dalmia with a Foreign buyer in a Quality control room, watching the testing
of products
QUALITY ANALYSIS SERVICES AT MNP
MNP has one of the few independent laboratories in the world to check the deterioration of quality that often follows increases in demand and prices of essential oils (used in natural fragrances, flavors and medicines). Since many adulterants cannot be seen, tasted or smelled, essential oils may be made with cheaper ingredients that mimic qualities found only in better and costlier oils. MNP is a rare pioneering entity capable of detecting such fake oils and their blends at a fraction of the time and cost spent by other firms in the herbal industry. With its trained teams, vast knowledge base and modern operational facilities, company offers which include:
Certificate of analysis program: MNP prepares certificates of analysis for clients in the aroma therapy industry and other customers after using tests such as high-resolution gas chromatography and dual channel analysis to confirm presence and identity of adulterants in essential oils. Certificates of analysis can also be customized for clients on the basis of various stringent tests to verify quality and content of botanicals and botanical products. These tests include:
a. Authentication of quality by thin layer chromatography (TLC) fingerprinting
and/or qualitative botanical microscopy (QBM),
b. Screening botanicals for chlorinated pesticides,
c. Assessing quality by screening for heavy metals such as lead, arsenic, cadmium and aluminum,
d. Detecting mercury by cold vapor test,
e. Microbiological analysis (required by FDA) for aerobic plate and yeast count,
f. Assessment of total ash content and
g. Detecting foreign debris in botanicals and botanical products with aid of microscopy
Mass spectroscopy: it is meant for evaluating unknown oils, confirming presence of unusual compounds or analyzing blends of essential oils. Mass spectroscopy is also used to detect and identify chemicals in obscure fragrances and its cost depends upon various factors.
Microbial testing: which covers aerobic plate count and yeast/mold testing to identify contaminants in essential oils. This test is especially important for identifying bacteria in floral waters that may pose severe health hazards to consumers. Additional tests are also available to detect and verify specific bacterial strains in essential oils. The test results are reported on the certificate of analysis.
Infrared spectroscopy: This involves an inexpensive and rapid test that compares essential oil samples against a known standard. It can also be utilized to control quality of rebottled oils, blends and other finished products. Since infrared spectra are unique like fingerprints, they can verify consistency of contents and label outgoing products correctly against a master sample on file.
Material safety data sheets (MSDS): These sheets contain data on chemical products such as their identification, biochemical properties, safety, toxicology, transportation, storage conditions and the like. Regulations in some countries require companies to submit MSDS sheets whenever their products are shipped. MNP can prepare and furnish MSDS sheets for essential oils and blends along with specification sheets to save cost, if required to do so by clients.
Raw material monograph testing: This comprises a globally recognized testing standard and analytical method utilized at MNP.
High-performance liquid chromatography (HPLC): this test is used to analyze botanicals, pharmaceuticals, vitamins and other nutritional supplements. Moreover, the identity and quantity of individual compounds in herbal products can also be ascertained with this technique. MNP price quotations for this service depend on type of sample, level of analysis and volume.
Qualitative botanical microscopy (QBM): With this technique, species of whole and cut/sifted herb samples as well as various powders can be investigated for authenticity by MNP. Taxonomic information about a species and documented data on its histology features are compiled and reported by the company. For optimum results, clients must submit whole specimens or very finely cut root, leaf or floral samples. QBM is also used for differentiating between botanical plants with like characteristics.
Spectrophotometric assay: Numerous botanical plants may be analyzed with this method by MNP for determination of marker compounds present in their tissues.
The MNP commitment to excellence is evident in its day-to-day operations and quality improvement procedures. The search for excellence is in-built, continuous and company-wide. The company's staff training and awareness program promotes optimal efficiency, accuracy and open communication.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.07 |
|
UK Pound |
1 |
Rs.81.26 |
|
Euro |
1 |
Rs.64.71 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
21 |
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 |
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