MIRA INFORM REPORT

 

 

 

Report Date :

18.12.2008

 

IDENTIFICATION DETAILS

 

Name :

ANANTA ORTHO SYSTEMS PRIVATE LIMITED

 

 

Registered Office :

3 and 4, Girikandra Society, Opp. Bapod Talav, Near HDFC ATM, Waghodia Road, Vadodara – 390 019, Gujarat.

 

 

Country :

India

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

11.11.2003

 

 

Com. Reg. No.:

04 – 43163

 

 

CIN No.:

[Company Identification No.]

U51397GJ2003PTC043163

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDA02304B

 

 

PAN No.:

[Permanent Account No.]

AAECA5643C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Orthopedic Implants, Medical Devices.

 

 

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.

Small

 

Maximum Credit Limit :

USD 6650

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively small company in its field. Trade relations are fair. Scale of activity is limited. No complaints have been heard.

 

The company can be considered for small to mediocre business dealings.

 

 

INFORMATION PARTED BY

 

Name :

Mrs. Reena

Designation :

BDM (Export)

Contact No.:

91-9227766206

Date :

13.12.2008

 

 

LOCATIONS

 

Registered/Corporate Office :

3 and 4, Girikandra Society, Opp. Bapod Talav, Near HDFC ATM, Waghodia Road, Vadodara – 390 019, Gujarat, India.

Tel. No.:

91-265-2521145  / 2521185

Mobile No.:

91-9825321470 / 9227766203 (Mr. Vivek Sharma)

Fax No.:

91-265-251175

E-Mail :

orthoaospl@gmail.com

Website :

www.orthoaospl.com

Area :

3000 Sq.ft.

Location :

Owned

 

 

Factory :

647, G.I.D.C, Waghadia , Vadodara – 391 760, Gujarat, India.

Tel. No.:

91-2668-263769

Area :

15000 Sq.ft.

Location :

Owned

 

 

DIRECTORS

 

Name :

Mr. Vivekanand Sharma

Designation :

Director

Address :

3 and 4, Girikendra Society, Waghodia Road, Vadodara – 390.019, Gujarat, India.

Date of Birth/Age :

23 Years

Qualification :

D.M.E

Experience :

5 Years

 

 

Name :

Mr. Dayanand Sharma

Designation :

Director

Address :

B – 12, Vrajdarshan Society, Waghodia Road, Vadodara – 390 019, Gujarat, India.

Date of Birth/Age :

34 Years

Qualification :

B.Sc.

Experience :

16 Years

 

 

Name:

Mr. Anand Kumar M Sharma

Designation:

Director

Address:

B-10 Vrajdarshan Society, Near Hari Ganga Tenaments Waghodia Road, Baroda – 390 019, Gujarat, India.

Date of Birth/Age:

16.06.1973

Date of Appointment:

15.09.2007

Din No:

00464518

 

 

KEY EXECUTIVES

 

Name :

Mrs. Reena

Designation :

BDM (Export)

Mobile No :

91-9227766206

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON (29.09.2007)

 

Names of Shareholders

No. of Shares

Mr. Dayanand Kumar Sharma

5000

Mr. Sachidanand Kumar Sharma

5000

Total

10000

 

 

Equity Share Breakup

 

Percentage of Holding

Category (31.03.2007)

 

 

Directors or relatives of directors

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Orthopedic Implants, Medical Devices.

 

 

Products :
  • Orthopedic Implants
  • Medical Devices
  • Bone Plates
  • Bone Screws
  • Interlocking Nails
  • Nail Caps
  • Locking Plates and Screws
  • Segmental Spinal System
  • Arthoscopy Implants
  • Total Knee and Total Hip Replacement
  • Orthopedic Fiberglass casting tape
  • All types of Artificial bones

 

 

Brand Names :

AOSPL

 

 

Exports :

 

Products :

Orthopedic Implants (Nails, Plates and Screws)

Countries :
  • Germany
  • Malaysia
  • Algeria

 

 

Terms :

 

Selling :

L/C, Cash

 

 

 

GENERAL INFORMATION

 

Suppliers:

·         Apex Dryfruit Stores

·         Ashoka Surgical Wroks

·         Blue Chip Marketing

·         BSNL Cellphone

·         Dinesh C. Jain

·         Dr. Deepak Shah, Bhopal

·         First Flight Couriers Limited

·         Gala Polymer

·         Hariom Décor

·         M. Orthocentre kolkatta

·         Majestic Multimedia

·         Maruti Express Courier

·         Maxim Ortho Care Coimbtore

·         Mayur Steel

·         Meditools Marketing Goa

·         Meeraj Plast Private limited

·         Milan Metal Syndicate

·         Mr. Michel – S.A

·         Narula Surgical Ludhiana

·         New Jaladeep Enterprise

·         Om Print Pack

·         Ortho Care Cuttack

·         Orpoint – Asansol

·         Pinak Printery

·         Raj Laxmi Enterprises, Patna

·         Secusafe Investigation Service

·         Shiv Shakti Industries

·         Shivam steel

·         Shree Hari Nursery and Farm

·         Sigma Computer Media

 

 

Customers :
  • Wholesalers
  • Retailers
  • Agarwal Enterprise – Rachi
  • Akash Surgical – Jalawal
  • Arota Medical Corporation
  • Aum Enterprise – Latur
  • Bone Touch Orthopedic System
  • Brij Surgical Gwalior
  • Dr. A.K Singhal – Sambhalpur
  • Dr. Alok Kumar Singh – Sitamari
  • Dr. D.K. Srivastav – Chatisgarh
  • Dr. J.P. Sharma Uadipur
  • Dr. K.C. Shirmal
  • Dr. Narendra Kumar Banut
  • Dr. Rajiv Khare – Chhatarpur
  • Dr. S.K. Malik – Patna
  • Dr. Sudhir Babulkar – Nagpur
  • Dr. Yogendra Singh Ratlam
  • Dr. Yogesh Godbole
  • Dr. S.N. Benerajee – Korea
  • Healthcare Orth. Sur. Aurangabad
  • Hindustan surgical Mehsana
  • Jay Pharma Distributor
  • Jyoti Enterprises, Vijaywada

 

 

No. of Employees :

Around 69

 

 

Bankers :
  • Bank of Baroda, University Campus Branch, Baroda.
  • ICICI Bank

 

 

Facilities :

Particulars

31.03.2007 (Rs.in millions)

SECURED LOAN:

Bank of Baroda – 26303

ICICI A/C 000305002544

ICICI Business LN-1

 

0.000

0.172

0.499

Total

0.671

UNSECURED LOAN:

Vivekanand Sharma

 

0.025

Total

0.025

 

 

Banking Relations :

--

 

 

Auditors :

Mr. Dinesh C. Jain

 

Chartered Accountant

Address :

74 – 76, Gayatri Chamber, Baroda.

Tel. No.:

91-2668-2331056

Pan No:

AANPJ6857F

 

 

Associates/Subsidiaries :

NIL

 

 

CAPITAL STRUCTURE

 

 

Authorised Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs. 10/- Each

Rs.0.100 million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs. 10/- Each

Rs.0.100 million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2007

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

0.100

0.100

0.100

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

1.230

1.161

1.004

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

1.330

1.261

1.104

LOAN FUNDS

 

 

 

1] Secured Loans

0.671

1.068

1.869

2] Unsecured Loans

0.025

0.247

0.000

TOTAL BORROWING

 0.696

1.315

1.869

DEFERRED TAX LIABILITIES

0.247

0.228

0.193

 

 

 

 

TOTAL

2.273

2.804

3.166

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

3.050

3.350

3.370

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.500

0.500

0.500

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.344

0.581

1.026

 

Sundry Debtors
1.345

2.337

4.177

 

Cash & Bank Balances
0.124

0.034

0.048

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
0.732

0.671

0.000

Total Current Assets
2.545

3.623

5.251

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Current Liabilities
3.611

4.511

5.494

 

Provisions
0.223

0.172

0.474

Total Current Liabilities
3.834

4.683

5.968

Net Current Assets
(1.289)

(1.060)

(0.717)

 

 

 

 

MISCELLANEOUS EXPENSES

0.012

0.014

0.013

 

 

 

 

TOTAL

2.273

2.804

3.166

 

 

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

31.03.2007

31.03.2006

31.03.2005

Sales Turnover

1.820

3.877

28.058

Other Income

0.000

0.000

0.000

Total Income

1.820

3.877

28.058

 

 

 

 

Profit/(Loss) Before Tax

0.147

0.331

0.920

Provision for Taxation

0.076

0.190

0.365

Profit/(Loss) After Tax

0.071

0.141

0.555

 

 

 

 

Expenditures :

 

 

 

 

Administrative Expenses

0.117

0.698

NA

 

Raw Material Consumed

0.926

1.901

NA

 

Direct Expenses

0.013

0.141

NA

 

Payment and Provision

0.156

0.413

NA

 

Financial and Other Charges

0.157

0.093

NA

 

Preliminary Expenses Written off

0.001

0.001

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2007

31.03.2006

31.03.2005

PAT / Total Income

(%)
3.90

3.63

1.97

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
8.07

8.53

3.27

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
4.83

6.38

14.22

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.11

0.26

0.83

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
2.88

3.71

5.40

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
0.66

0.77

0.88

 

 

LOCAL AGENCY FURTHER INFORMATION

 

FIXED ASSETS:

 

 

                                            Additional Requirement of Indiamart for Trust-Seal

 

 

VAT / TIN : GST: 24192200597 C.S.T.: 2469200597

 

IEC Code : 3404003276

 

 

 

PAN / TAN : AAECA5643C

 

 

 

Bank Name : Bank of Baroda

 

Bank Address : University Campus Branch, Baroda

 

Bank A/c. No.: 02010200000242

 

Account Since : C.A.

 

 

 

NOTE:

 

The Registered Office of the Company has been shifted from “ 444 GIDC Estate, Waghodia District, Baroda – 391 760, Gujarat, India.” to present  w.e.f. 07.08.2008

 

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]         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.47.33

UK Pound

1

Rs.73.92

Euro

1

Rs.66.69

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

 

32

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions