MIRA
INFORM REPORT
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Report Date : |
14.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
R S BHARGAVA PHARMACY |
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Registered Office : |
1008/ 1, Bharan, Panni Mill Industrial Estate, Bulandshahar – 203 001,
Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
2008 |
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Year of Establishment : |
1920 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTR01299E |
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PAN No.: [Permanent
Account No.] |
AABFR2312K |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of Homeopathic, Bio-chemic and Cosmetics. |
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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Maximum Credit Limit : |
USD 40000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. Business is active. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Karan Bhargava |
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Designation : |
Chief Executive Officer |
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Date : |
13.06.2008 |
LOCATIONS
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Registered Office : |
1008/ 1, Bharan, Panni Mill Industrial Estate, Bulandshahar – 203 001,
Uttar Pradesh, India |
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Tel. No.: |
91-5732-259389 |
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Mobile No.: |
91-9873249319 |
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Fax No.: |
91-5732-259690 |
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E-Mail : |
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Website : |
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Area : |
11000 Sq. ft. |
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Location : |
Owned |
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Head Office : |
B-92, Sector-2, Noida – 201 301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4671000 |
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Fax No.: |
91-120-4671043 |
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E-Mail : |
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Area : |
300 Sq. mt. |
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Location : |
Owned |
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Factory 1 : |
E-1216, Ghatal Bhiwadi Industrial Area, Bhiwadi – 301019 (Rajasthan),
India |
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Tel. No.: |
91-149-222125 |
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Factory 2 : |
115-A, 2nd Floor, Hari Nagar, Ashram Chowk, New Delhi – 110
014, India |
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Tel. No.: |
91-11-26343568 / 26343691 / 26341058 |
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Fax No.: |
91-11-26347574 / 26343580 |
PARTNERS
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Name : |
Mr. R S Bhargava |
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Designation : |
Partner |
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Date of Birth/Age : |
60 Years |
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Qualification : |
NA |
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Experience : |
30 Years |
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Name : |
Mr. Karan Bhargava |
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Designation : |
Partner |
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Date of Birth/Age : |
25 Years |
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Qualification : |
Graduate |
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Experience : |
3 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Homeopathic, Bio-chemic and Cosmetics. |
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Products : |
Homoeopathic
Products: ·
Mother Tincures / Dilution ·
Bio Chemic / Salts ·
Bio Combinations ·
Complex Tablets ·
Ethical Products ·
Homoeopathic Triturations ·
Single Remedy Trituration Tablets (S.R.T.T.) ·
Minims Cosmetics BioValley Cosmetics Hair Care Products Bio Valley ARNICA Shampoo, Bio Valley DEAD SEA Shampoo, Bio Valley
ANTI-DANDRUFF Shampoo, Bio Valley OLIVE Shampoo, Bio Valley ARNICA Hair Oil,
Bio Valley TULSI-AMLA Hair Oil, GINABTM Hair Oil. Skin and Face
Care Products Bio Valley ANTI-AGING Moisturizer, Bio Valley SUN-CARE Lotion, Bio
Valley DAY Cream, Bio Valley NIGHT Cream, Bio valley face MASSAGE Cream. Feminal Care
Products Bio Valley SHAPE-UP Oil Body Care
Products Bio Valley Shower Gel (Lavender), Bio Valley Shower Gel (Rosemary),
Bio Valley Shower gel (Lemon), Bio Valley Floral Water (Sandal), Bio Valley
floral water (Jasmine). Foot Care
Products Bio Valley Foot comfort Crea,. Bio Valley Foot Glow Cream, bio Valley
foot Scrub. Baby Care
Products Bio Valley VI-ENTM Baby Shampoo, Bio Valley VI-ENTM Baby Hair Oil, Bio
Valley VI-ENTM Baby Massage Oil. |
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Exports : |
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Products : |
Homoeopathic
Products: ·
Mother Tincures / Dilution ·
Bio Chemic / Salts ·
Bio Combinations ·
Complex Tablets ·
Ethical Products ·
Homoeopathic Triturations ·
Single Remedy Trituration Tablets (S.R.T.T.) ·
Minims Cosmetics BioValley Cosmetics Hair Care
Products Bio Valley ARNICA Shampoo, Bio Valley DEAD SEA Shampoo, Bio Valley
ANTI-DANDRUFF Shampoo, Bio Valley OLIVE Shampoo, Bio Valley ARNICA Hair Oil,
Bio Valley TULSI-AMLA Hair Oil, GINABTM Hair Oil. Skin and Face
Care Products Bio Valley ANTI-AGING Moisturizer, Bio Valley SUN-CARE Lotion, Bio
Valley DAY Cream, Bio Valley NIGHT Cream, Bio valley face MASSAGE Cream. Feminal Care
Products Bio Valley SHAPE-UP Oil Body Care
Products Bio Valley Shower Gel (Lavender), Bio Valley Shower Gel (Rosemary),
Bio Valley Shower gel (Lemon), Bio Valley Floral Water (Sandal), Bio Valley
floral water (Jasmine). Foot Care
Products Bio Valley Foot comfort Crea,. Bio Valley Foot Glow Cream, bio Valley
foot Scrub. Baby Care
Products Bio Valley VI-ENTM Baby Shampoo, Bio Valley VI-ENTM Baby Hair Oil, Bio
Valley VI-ENTM Baby Massage Oil. |
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Countries : |
·
USA ·
Nepal ·
Malaysia ·
Bangladesh ·
Czech ·
Chile |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
USA ·
UK ·
Germany |
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Terms : |
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Selling : |
LC, Cash and Credit |
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Purchasing : |
LC, Cash and Credit |
PRODUCTION STATUS
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Capacity to increase production by : |
30% |
GENERAL
INFORMATION
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Customers : |
·
Dte of ISMO and Homoeothy Delhi ·
Government of UP ·
Dealer Network |
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No. of Employees : |
250 |
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Bankers : |
State Bank of India Bulandshahr – 203 001, Uttar Pradesh, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
·
R. S. Bhargava Pharmacy Private Limited Address : E-1216 Ghatal, Bhiwadi Industrial
Area, Bhiwadi – 301 019 (Rajasthan), India Tel No. : 91-149-222125 ·
BIOVALLEY Activities : Manufacturers and Exporters
of Homeopathic, Bio-chemic and Cosmetics. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 8.000 millions |
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Borrowed : |
- |
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Total : |
Rs. 8.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
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Sales Turnover |
220.000 |
200.000 |
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Profit/Loss for the year |
12% |
12% |
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Export Value |
40% |
NA |
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Import Value |
10% |
NA |
Expected Sales (2008-09) : Rs. 300.000 millions
LOCAL AGENCY
FURTHER INFORMATION
NIL
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.42.87 |
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UK Pound |
1 |
Rs.83.41 |
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Euro |
1 |
Rs.66.11 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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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 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
6 |
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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 |
YES |
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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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54 |
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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