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MIRA
INFORM REPORT
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Report Date : |
21.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SURGEINE HEALTHCARE (INDIA) PRIVATE LIMITED |
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Registered Office : |
101, Vardhman Tru Plaza, CU Block, Pitampura, New Delhi – 110 088,
Delhi |
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Country : |
India |
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Date of Incorporation : |
28.03.2008 |
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Com. Reg. No.: |
176051 |
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CIN No.: [Company
Identification No.] |
U85100DL2008PTC176051 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS36036A |
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PAN No.: [Permanent
Account No.] |
AALCS7559Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter and Supplier of Surgical, hospital and
healthcare uniforms and other essential 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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor to Omkar Sursico Industries which has
established in December 2002. Thus it can be reported as an established company. Trade relations are fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and consitions. |
INFORMATION PARTED
BY
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Name : |
Ms. Sarika Sahany |
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Designation : |
Director |
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Contact No.: |
91-9310990931 |
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Date : |
12.07.2008 |
LOCATIONS
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Registered Office : |
101, Vardhman Tru Plaza, CU Block, Pitampura, New Delhi – 110 088,
Delhi, India |
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Tel. No.: |
91-11-47552424 |
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Mobile No.: |
91-0-9310990931, 9350990935, 9811118155 |
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Fax No.: |
91-11-47552424 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. ft. |
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Location : |
Rented |
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Factory : |
Located at Bavana, Delhi |
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Area : |
12000 Sq. ft. |
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Location : |
Rented |
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Factory 2 : |
Located at Samay Pur, Delhi |
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Area : |
8000 Sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Amit Kumar |
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Designation : |
Director |
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Address : |
Quarter No. 3094, Gali Sangatrashan, Pahar Ganj, New Delhi – 110 055,
Delhi, India |
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Date of Birth/Age : |
09.08.1977 |
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Qualification : |
Graduate |
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Name : |
Mr. Puneet Kumar |
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Designation : |
Director |
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Address : |
3094, Sangat Rasaan, Pahar Ganj, New Delhi – 110 055, Delhi, India |
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Date of Birth/Age : |
09.06.1984 |
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Qualification : |
Graduate |
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Name : |
Ms. Sarika Sahany |
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Designation : |
Director |
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Address : |
66 DDA Lig Motia Khan, Pahar Ganj, New Delhi – 110 055, Delhi, India |
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Date of Birth/Age : |
04.08.1979 |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter and Supplier of Surgical, hospital and
healthcare uniforms and other essential products. |
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Products : |
·
Surgical Gown ·
Surgical Packs and Drapes ·
Equipment Cover ·
Protective Apparel ·
Infection Control Products |
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Exports : |
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Countries : |
Middle East |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days ) – advance |
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Purchasing : |
Credit (30 days / 60 days / 90 days ) – advance |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Distributors |
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No. of Employees : |
50 |
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Bankers : |
State Bank of India, Shalimar Baug, Delhi Branch |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Sujit Singh Virdhi Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available as the subject is
a new company.
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Particulars |
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31.03.2008 Expected |
31.03.2007 Approximately |
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Sales Turnover (Omkar Surgico
Industries) |
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110.000 |
49.000 |
LOCAL AGENCY
FURTHER INFORMATION
History
Subject was originally started in the year
05.12.2002 under the name of Omkar Surgico Industries, However. Surgeine
Healthcare (India) Private Limited, has taken over Omkar Surgico Industries
from 28.03.2008, Sales Turn Over is given for Omkar Surgico Industries.
Subject was proprietorship concern, This
Information was confirmed by Ms. Sarika Sahany Directors of the company.
Trade References :
·
R. M. L. Hospitals – Delhi
·
Arms Force Hospital – Delhi, Mumbai, Pune
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Kalavati Child Hospital – Delhi
Web Details
Subject is a global leader in the rapidly growing surgical and hospital
products field. The Company was founded in 1998 on the assumption to develop
the premier quality and international standard surgical products for the
healthcare and medical sector. At present, Subject is a manufacturer, exporter
and supplier of surgical, hospital and healthcare uniforms and other essential
products. The products they manufacture are extensively used in a variety of
fields like hospital & medical profession, food industry and chemical and
pharmaceuticals industry.
Their brand enjoys a sort of eminence wherever basic hygiene is required. They,
at subject approach the business of healthcare products delivery with certain
philosophy comprising the vast interest of the end users i.e. customers. They
evaluate the success by keeping the aspects of their customers, physicians or
healthcare professionals together, as they are the ones whom they are working
for.
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.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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 |
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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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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