MIRA INFORM REPORT

 

 

 

Report Date :

18.12.2008

 

IDENTIFICATION DETAILS

 

Name :

R. P. TRADERS

 

 

Registered Office :

218, 2nd Floor, Vardhman City Centre, Shakti Nagar, New Delhi-110052

 

 

Country :

India

 

 

Financials (as on) :

31.03.2008

 

 

Year of Establishment :

1999

 

 

IEC No.:

0599003596

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELS24709G

 

 

PAN No.:

[Permanent Account No.]

ALMPS8614F

 

 

Legal Form :

Sole Proprietory Concern

 

 

Line of Business :

Trader and Exporter of All types of Pharmaceutical Formulations

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 25000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well – established and reputed concern meetings its normal commitments timeously. Trade relations are fair. Business is active.

 

Nothing adverse reported.

 

The concern can be considered good for normal business dealings.

 

INFORMATION PARTED BY

 

Name :

Mr. Satbir Singh Mendiratta

Designation :

Proprietor 

Contact No.:

91-9811212687

Date :

02.07.2008

 

 

INFORMATION PARTED BY

 

Name :

Mr. Satbir Singh

Designation :

Proprietor

Contact No.:

Mobile no.91-9811212687

Date :

16.12.2008

 

 

LOCATIONS

 

Registered Office :

218, 2nd Floor, Vardhman City Centre, Shakti Nagar, New Delhi-110052, India

Tel. No.:

91-11 – 23659411 / 23659413 / 23643221

Mobile No.:

91-919811212686 / 9811212687 / 9899201411

Fax No.:

91-11-23644966

E-Mail :

rpt@rptraders.com

rptraders@gmail.com

Website :

http://www.rptraders.in

Area :

279 Sq.fts

Location :

Owned

 

SOLE PROPRIETOR

 

Name :

Mr. Satbir Singh Mendiratta

Designation :

Proprietor

Address :

E – 10, Ashok Vihar, Phase – I, Delhi – 110 052, India

Date of Birth/Age :

35 Years

Qualification :

10th

Experience :

17 Years

 

BUSINESS DETAILS

 

Line of Business :

Trader and Exporter of All types of Pharmaceutical Formulations

 

 

Products :

Injections, Capsules, Tablets, Suspension, Syrups, Ointmants, Anti Cancer Formulations and Pharmaceutical Formulation

 

 

Exports :

 

Products :

Injections, Capsules, Tablets, Suspension, Syrups, Ointmants, Anti Cancer Formulations and Pharmaceutical Formulation

Countries :

Singapore, Myanmar

 

 

Terms :

 

Selling :

L/C, Cash and Advance Payment

 

 

Purchasing :

Cash and Credit 30-60 days

 

GENERAL INFORMATION

 

Suppliers :

Wellco Pharma, Bhadurgarh, Haryana

 

 

Customers :

Wholesalers

 

East Village, Singapore

 

 

No. of Employees :

8

 

 

Bankers :
  • Centurion Bank of Punjab, Karol Bagh, New Delhi – 110005, India
  • State Bank Of India, Wazir Pur Industrial Area, New Delhi , India
  • HDFC Bank Limited, Gurudwara Road, Karol Bagh, New Delhi, India

 

 

Auditors :

 

Name :

Yogesh Kapoor and Associates

Chartered Accountants 

Address :

New Delhi – 110 055, India

 

 

Banking Relations :

Satisfactory 

 

 

Associates/Subsidiaries :

S.D. Wool Agencies ( Pharma Division )

Started in : 2007

 

S.D. International

Address: Chandani Chawk, New Delhi

Line of business: Trader and Exporter of All types of Pharmaceutical Formulations

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Rs. 5.083 millions

Borrowed :

---

Total :

Rs. 5.083 millions

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2008

31.03.2007

SHAREHOLDERS FUNDS

 

 

 

1] Proprietor’s Capital

 

5.083

4.505

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

0.000

0.000

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

5.083

4.505

LOAN FUNDS

 

 

 

1] Secured Loans

 

1.264

0.316

2] Unsecured Loans

 

0.600

0.600

TOTAL BORROWING

 

1.864

0.916

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

6.947

5.421

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

2.536

1.393

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

0.000

0.220

 

Sundry Debtors
 

9.445

6.886

 

Cash & Bank Balances
 

2.153

3.663

 

Other Current Assets
 

0.000

0.000

 

Loans & Advances
 

0.537

0.394

Total Current Assets
 

12.135

11.163

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Current Liabilities
 

7.724

7.135

 

Provisions
 

0.000

0.000

Total Current Liabilities
 

7.724

7.135

Net Current Assets
 

4.411

4.028

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

6.947

5.421

 

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

 

31.03.2008

31.03.2007

Sales Turnover

 

43.681

47.881

Other Income

 

0.000

0.125

Total Income

 

43.681

48.006

 

 

 

 

Profit/(Loss) Before Tax

 

1.015

1.104

Provision for Taxation

 

0.000

0.000

Profit/(Loss) After Tax

 

1.015

1.104

 

 

 

 

Earnings in Foreign Currency :

 

 

 

 

Export Earnings

 

42.163

45.814

 

Other Earnings

 

1.518

2.004

Total Earnings

 

43.681

47.818

 

 

 

 

Expenditures :

 

 

 

 

Cost of Goods Sold

 

33.858

35.967

 

Administrative Expenses

 

4.661

6.538

 

Interest

 

0.194

0.143

 

Depreciation & Amortization

 

0.588

0.343

 

Other Expenditure

 

3.365

3.911

Total Expenditure

 

42.666

46.902

 

Expected Sales (2008-09): Rs.60.000 millions

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2008

31.03.2007

PAT / Total Income

(%)
 

2.32

2.30

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
 

2.32

2.31

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

6.92

8.79

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

0.20

0.25

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
 

1.89

1.79

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

1.57

1.56

 

 

LOCAL AGENCY FURTHER INFORMATION

 

                                            Additional Requirement of Indiamart for Trust-Seal

 

 

VAT / TIN : 07880213097

 

IEC Code : 0599003596

 

 

 

PAN / TAN : PAN No.ALMPS8614F TAN No.DELS24709G

 

 

 

Bank Name : HDFC Bank Limited

 

Bank Address : 10166-67, Gurudwara Road, Karol Bagh, New Delhi – 110 005, India

 

Bank A/c. No.: C/A No.111002000012131

 

Account Since : 1999

 

 

 

In case of any affiliations / memberships / certifications :

Name : FIEO / PHARMEXCIL

 

Type : RCMC

 

Expiry Date : 31.03.2009 / 31.03.2010

 

 

FIXED ASSETS:

 

WEBSITE DETAILS:

 

PROFILE:

With almost a decade of partnering life and engendering hope, they are an eminent generic pharmaceutical company. They believe that access to quality health care is a right, not a privilege. The endeavor is to ensure the availability of world class, quality medicines at affordable prices, across the globe. They are committed to work towards a healthier and happier world. Subject, established in 1999 is a distinguished exporter and trader of Capsules, Ear Drops, External Preparations, Ophthalmic Preparations, Oral Liquid, Oral Solution, Parenteral Liquid Preparations, Nasal Drops, etc. They are affiliated to the prestigious Pharmaceutical Export Promotion Council (Pharmexcil) and the Federation of Indian Export Organisations (FIEO).

The Product Catalog

Headquartered in Delhi, Subject is an integrated international pharmaceutical company, exporting and trading in a wide range of quality, affordable generic medicines, trusted by health care professionals and patients across geographies. The product range comprises of the following:-

      Biological Oral Liquid

      Biological Ear Drops

 

 

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 the concern 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 the concern’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

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

4

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

---

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

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

 

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

 

 

 

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