MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KONARK MEDICARE LIMITED |
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Registered Office : |
101, Sarthak 1st Floor, Ursekar Wadi, Navi Dombivali (East),
Thane-421201, Maharashtra |
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Country : |
India |
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Year of Establishment : |
26.09.2007 |
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Com. Reg. No.: |
174492 |
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CIN No.: [Company
Identification No.] |
U52311MH2007PLC174492 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEK08184B |
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PAN No.: [Permanent
Account No.] |
AADCK2413M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Distributor and Importer of Healthcare Products. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish track. No payment
records are available. Scale of operation is very small. It can be considered for any business dealings on safe and secured
trade terms and conditions only. |
INFORMATION PARTED
BY
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Name : |
Mr. Pravin Kulkarni |
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Designation : |
Chief Executive Officer and Director |
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Contact No.: |
91-9867233517 |
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Date : |
07.06.2008 |
LOCATIONS
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Registered Office : |
101, Sarthak 1st Floor, Ursekar Wadi, Navi Dombivali
(East), Thane-421201, Maharashtra, India |
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Tel. No.: |
91-251-6413535 |
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Mobile No.: |
91-9867233517 |
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Fax No.: |
91-251-3263535 |
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E-Mail : |
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Website : |
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Area : |
450 sq ft (Rented) |
DIRECTORS
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Name : |
Mr. S.C. Tirlotkar |
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Designation : |
Chairperson cum Director |
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Name : |
Mr. Sunendra Joshi |
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Designation : |
Managing Director |
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Address : |
5/503, Shree Shankheshwar Shikhar, Shivaji Chauk, Opposite Kalavati
Mandir, Nandivli Road, Domivali, Thane-421201, Maharashtra, India |
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Name : |
Mr. Pravin S. Kulkarni |
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Designation : |
Chief Executive Officer and Director |
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Address : |
No.1, Kansishka CHS., Rajaji Path, Near South Indian Temple,
Dombivali, Thane-421201, Maharashtra, India |
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Name : |
Mrs. S. C. Tirlotkar |
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Designation : |
Marketing Director |
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Address : |
E-17, Anand Deep No. 4, Pendse Nagar, Dombivali, Thane-421201,
Maharashtra, India |
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Email : |
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Name : |
Dr. Prabhakar Sharma |
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Designation : |
Director |
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Mobile No.: |
91-9967600547 |
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Email : |
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Name : |
Mr. Vijay Amarnane |
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Designation : |
Director |
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Mobile No.: |
91-9967600548 |
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Email : |
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Name : |
Ms. Sandhya B. Kulkarni |
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Designation : |
Director |
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Name : |
Mrs. Vivahari Joshi |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Distributor and Importer of Healthcare Products. |
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Products : |
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Imports : |
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Countries : |
Korea |
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Terms : |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
4 |
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Bankers : |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Suhas Ambekar and Company Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available as the subject is
a new in the field.
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Products:
KONARK FRESH PACK
- Fresh Pack is
made up of Far Infrared Ceramic and Non-toxic food grade plastic.
- Preserves
freshness and prevents decay.
- Prevents
bacterial growth and removes odor.
- Improves the
taste and flavor of food.
- Prolongs
storage time 2-3 times longer than plastic bags and 4-5 times longer than
ordinary paper boxes.
- Reusable.
- Used bags can
be disposed off as a manure for plants.
Direction for use :
Use the pack to keep Vegetables, Fruits, Fish Meat, Alcoholic Drinks and other
types of food. Keep in a Refrigerator.
KONARK BIO CERAMIC SOCKS
Their foot can be called the second heart for its intricate structure and
distribution of nerve endings. It is found that massaging specific locations on
the foot can directly help promote functions of various organs. They can now
achieve the same results by using Konark FIR Socks, which are embedded with bio
ceramic powder, uniquely designed to maintain optimum health.
- Improves blood circulation and maintain warmth in the feet.
- Helps in stimulating the accupoints of the foot and enhances the
functions of various body organ systems.
Helps remove odour and itchiness - Relieves tiredness and stress on foot.
Very effective in Athlete foot, Corns, Fissures, Achilles and front Foot
problems.
KONARK HEAD BAND
- Improves blood circulation in the forehead and temple region.
- Relaxes the nervous system and eases facial tension.
- Reduces facial fatigue.
Provides relief from headache and migraine
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] 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.42.89 |
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UK Pound |
1 |
Rs.83.80 |
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Euro |
1 |
Rs.66.45 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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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 |
NO |
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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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3 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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