MIRA
INFORM REPORT
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Report Date : |
02.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
VEDANTA AYURVEDA |
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Registered Office : |
F-195, First Floor, West End Marg, Saidulajab (Near Garden of Five
Senses) New Delhi – 110030 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1998 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Exporter and Service Provider of Ayurvedic Medicine Products
and Therapista. |
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 2400 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern in its field. Proprietor is an
experienced doctor. Trade relations are fair. Business is active. Payments
are reported as slow but correct. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
F-195, First Floor, West End Marg, Saidulajab (Near Garden of Five
Senses) New Delhi – 110030, India |
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Tel. No.: |
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Mobile No.: |
91-9811635915 |
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Telefax No.: |
91-11-29532609 |
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E-Mail : |
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Website : |
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Area : |
1800 sq. ft |
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Location : |
Leased |
SOLE PROPRIETOR
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Name : |
Mr. Dr. Ramniwas Prasher |
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Designation : |
Proprietor |
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Date of Birth/Age : |
38 year |
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Qualification : |
M. D. in From Institute of post Graduate Teaching and Research in
Ayurveda, Gujarat Ayurved University, Jamnagar |
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Experience : |
10 years |
KEY EXECUTIVES
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Name : |
Dr. Bhavana Prasher |
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Designation : |
Chief Exst. Officer |
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Date of Birth/Age : |
36 years |
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Qualification : |
M. D. in From Institute of post Graduate Teaching and Research in
Ayurveda, Gujarat Ayurved University, Jamnagar |
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Experience : |
Consultant in project on “Prakriti in Institute of Genomics and Integrated
Biology Working as a Sr. Consultant Ayurveda in TKDL, both research
laboratories of CSIR. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Service Provider ofAyurvedic Medicine
Products and Therapista. |
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Products : |
·
Vedantakalpa ·
Vyakalpa ·
Ashtheelahara ·
Eve Rasayana ·
Arbudahara ·
Kshamatva ·
Avatuhara ·
Kampavatahara ·
Medhya ·
Vazi/ Vazi (F) ·
Dermacare ·
Hardyakalpa ·
Vrikakalpa ·
Livakalpa ·
Meha Hara ·
Medas ·
Akshikalpa ·
Ashmarihara ·
Amahara ·
Asthi Kalpa ·
Amavatahara ·
Vasa ·
Svitrahara |
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Exports : |
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Products: |
All Products |
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Country: |
·
US ·
Japan ·
UK ·
Switzerland ·
Australia |
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Terms : |
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Selling : |
Cash and Credit Card/ Cheque and Advance for export |
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Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS
Capacity to incerase production by :
50%
GENERAL
INFORMATION
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Suppliers : |
Manufacturing of Medicines for the treatment of in his own clinic |
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Customers : |
End Users Dr. Ramniwas Prasher has treated more than 19000 patients of varous
chronic Disorders from all parts of the world, successfully with more than
90% patients satisfaction rate. |
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No. of Employees : |
10 |
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Bankers : |
Axis Bank, Saket, New Delhi – 110017 ICICI Bank, Saket Branch |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Patra Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.600 Million |
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Borrowed : |
- |
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Total : |
Rs.0.600 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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1.000 |
0.700 |
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Profit/Loss for the year |
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15% |
15% |
Expected Sales (2007-08) : Rs.2.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
·
Local Customers
Website details:
Subject was
started in Since 1998 by “Dr. Ramniwas
Prasher "and
his wife "Dr.
Bhavana Prasher" with a vision to treat the sufferers of Chronic specially stress-life-style
generated disorders and to educate the people about the time tested way of
living based on Ayurveda
guidelines after doing M.D.(Ayurveda)
from the most reputed institute of the in India,
"Institute of Post Graduate
Teaching and Research" in Ayurveda, Gujrat Ayurved University, Jamnagar.
Nowadays Dr.
Bhavana is a consultant in project on " Prakriti in Institute of Genomics and Integrated Biology",
previously they are working as a Sr.
Consultant Ayurveda in TKDL, both research laboratories of CSIR. Dr. Ramniwas Prasher has treated more than 19000 patients of various Chronic Disorders
from all parts of the world, successfully
with more than 90% patients’ satisfaction rate.
Products:
Although pre-prepared individual natural, pure, organic,
non-hormonal, non-steroidal herbs extracts are mixed based on state, type of
disease and type of basic physiological-metabolic-immune-genetic make up of
patient, but they have developed some general formulations which are found
effective in more than 80% of the patients of various diseases are as
follows:
1. VEDANTAKALPA
Polyherbal super food supplements useful in fatigue syndrome
due to life-style or any chronic disorders like Auto-immune-disorders, AIDS,
Cancer, Heart-disease or Diabetes.
2. VYAKALPA
Complete health tonic and rejuvenator, checks the ageing
process and improves physical- mental energy level.
3. ASHTHEELAHARA
It reduces the size of prostate
gland in BPH and also helps in lowering PSA levels, a marker for prostate
cancer development.
4. EVE RASAYANA
A complete herbal food supplement for menopausal syndrome.
5. KSHAMATVA
It improves the immune status of the body immunomodulator.
6. ARBUDAHARA
It checks and reverses the pathogenic events involved in
various types of cancers in general.
7. AVATUHARA
It helps in normalizing the functions of thyroid gland and
its complications.
8. KAMPAVATAHARA
An unique herbal compound for Parkinson’s disease.
9. MEDHYA
A complete brain tonic helps in improving the understanding
and memory also effective in senile dementia.
10. VAZI
Rejuvenates the whole reproductive system, elevates the
mood, improves duration and quality of performance.
11. VAZI (F)
12. HARDYAKALPA
Holistic cardiac tonic improves oxygenation to heart
muscles, prevent and reverse the deposition of cholesterol in coronary
arteries. It tones up the cardiac muscles and useful in palpitation.
13. VRIKAKALPA
Complete kidney rejuvenator. It improves the protein
metabolism and filtration power of nephrons, hence reduces blood urea, and S.
creatinine levels.
14. LIVAKALPA
A liver tonic, improves the functions of compromised liver
conditions caused alcohol or hepatotoxic drug, or infection. Specially designed
and tested herbal formulations for Hepatitis- B- C –D.
15. MEHA HARA
Controls the blood glucose level, improves pancreatic
functions. It improves insulin function and peripheral utilization of glucose by
peripheral tissues, checking the absorption of glucose from food.
16. MEDAS
A polyherbal compound which helps in improving fat
metabolism, reduces the cholesterol level, reduces the absorption of fat from
food, thus helps in reducing the weight.
17. AKSHIKALPA
Complete hair tonic, checks premature graying and falling.
18. AKSHIKALPA
Complete tonic for eyes, improves eye sight..
19. ASHMARIHARA
It disintegrates and excretes the kidney stones and prevents
the recurrence.
20. AMAHARA
Improves the digestive power and tones up the digestive
system as a whole and results into better absorption and assimilation of
nutrients from the food.
21. ASTHI KALPA
A herbal food supplement to improve bone density especially
in Osteo-arthritis and osteoporosis conditions.
22. AMAVATAHARA
Reverses the disease process in rheumatoid arthritis.
23. VATARAKTAHARA
It improves the protein metabolism and reduces the Serum
uric acid levels and its complications.
24. VASA
Anti- asthmatic compound, checks all the pathological events
involved in development of Asthma.
25. SVITRAHARA
Herbals formulations for external- internal use to restore
the normal color of skin.
26. DERMACARE
An unique herbal compound for psoriasis
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.39.42 |
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UK Pound |
1 |
Rs.78.26 |
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Euro |
1 |
Rs.57.51 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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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30 |
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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