MIRA
INFORM REPORT
|
Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
V N PHARMA |
|
|
|
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Registered Office : |
Om Shanti Society, 42/44 A Babu Genu Road, Ground Floor, Kalbadevi, Mumbai
– 400002, Maharashtra |
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|
Country : |
India |
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|
Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
08.04.1991 |
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Com. Reg. No.: |
BA 57820 [Date : 20.08.1993] |
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PAN No.: [Permanent
Account No.] |
AAAFV1393D |
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|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners |
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|
Line of Business : |
Dealers of Pharmaceutical Products |
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 |
|
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 having satisfactory track.
Partners are reported as experienced, respectable and having satisfactory
means of their own. Trade relations are fair. Business is active. Payments
are reported as usually correct and as per commitments. The concern can be considered good for normal business dealings. |
LOCATIONS
|
Registered Office : |
Om Shanti Society, 42/44 A Babu Genu Road, Ground Floor, Kalbadevi,
Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22019185 / 56375467 |
|
Mobile No.: |
91-9323812092 |
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Fax No.: |
91-22-22019182 |
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E-Mail : |
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Area : |
Owned |
PARTNERS
|
Name : |
Mrs. Indira Chimanlal Gala |
|
Designation : |
Partner |
|
Address : |
91-K, Koliwadi, Fanaswadi P. No. 28, 1st Floor, S. P. Marg,
Mumbai – 400002, Maharashtra, India |
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|
|
|
Name : |
Mr. Arvind Damji Gala |
|
Designation : |
Partner |
|
Address : |
Mangaldas Building No. 6, P. No. 426, 4th Floor, Kitchen
Garden Lane, Mumbai – 400002, Maharashtra, India |
|
|
|
|
Name : |
Mr. Vijay Damji Gala |
|
Designation : |
Partner |
|
Address : |
# 145, Mohan Nagar, Dahanukar Wadi, Kandivali [West], Mumbai – 400067 |
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|
|
|
Name : |
Mrs. Chhaya Vinod Gala |
|
Designation : |
Partner |
|
Address : |
40, Ashish Building, 4th Floor, P No. 50/54, Baru Genu
Road, Kalbadevi, Mumbai - 400002 |
|
|
|
|
Name : |
Mr. Nitin Damji Gala |
|
Designation : |
Partner |
|
Address : |
42/44 Om Shanti Building, 4th Floor, Flat No. 3, Babu Genu
Road, Mumbai – 400002, Maharashtra, India |
|
|
|
|
Name : |
Mr. Vinod Damji Gala |
|
Designation : |
Partner |
|
Address : |
40, Ashish Building, 4th Floor, P No. 50/54, Baru Genu
Road, Kalbadevi, Mumbai - 400002 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Pharmaceutical Products |
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GENERAL
INFORMATION
|
Suppliers : |
·
A. Commercial Company Private Limited ·
Balachem Private Limited ·
Devendra Kirti Pharma Chemical Private Limited ·
Indenta Chemicals India Private Limited ·
Jash Pharma Chem ·
Khona Drug Agencies ·
Mukesh Pharma Distributors ·
New Drug and Chemicals Company ·
Parag Fine Organics ·
Rasino Herbs Private Limited ·
Surfactant Specialities Limited ·
Vijay Trading Company ·
Swapna Trading Company ·
Surfactant Specialities Limited ·
V. M. Chemicals ·
V. P. Enterprises ·
Vaishali Pharmachem ·
Nidilax Fine Chem Private Limited |
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Customers : |
·
V. R. Tradechem India Private Limited ·
Adroit Pharmaceuticals Private Limited ·
B. Chemical ·
Burgoyne Burbidge and Company Private Limited ·
C. I. Products ·
Crystal Pharma ·
Deep Enterprises ·
Dynamic Laboratories ·
Eastern Chemical Corporation ·
Eutherva Medicals Private Limited ·
Flora Pharma Private Limited ·
Gopaldas Visram and Company Limited ·
J. M. Corporation ·
Mancare Pharmaceuticals Private Limited ·
National Drug Corporation ·
P & B Laboratories Limited ·
Passim Medichem Agencies ·
Reliance Organic ·
Shree Krishna Pharmaceuticals ·
Vaibhav Enterprises [Jaipur] ·
Yes Jee Chemicals and Consultant |
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No. of Employees : |
10 |
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Bankers : |
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Facilities : |
Cash Credit : Rs. 2.500 Millions |
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Banking
Relations : |
Satisfactory |
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|
|
|
Auditors : |
|
|
Name : |
Gala Haria and Associates Chartered Accountants |
|
Address : |
108, Bhaveshwar Complex, 1st Floor, Opposite Railway
Station, Vidhyavihar [West], Mumbai – 400086 |
|
Tel. No.: |
91-22-25104563 / 4565 |
|
Fax No.: |
91-22-67550705 |
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E-Mail : |
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Associates/Subsidiaries : |
V. N. Chemical Activities : Dealer Banker : Corporation Bank |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 7.267 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 7.267 Millions |
PARTNERS CAPITAL
ACCOUNTS
Mr. Arvind D.
Gala’s Capital Account
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawals |
0.060 |
By Operating Balance |
0.990 |
|
To LIP |
0.100 |
By Interest on capital |
0.119 |
|
To Mediclaim |
0.009 |
By Remuneration from Firm |
0.376 |
|
To Personal Accident Policy |
0.001 |
By Share of Profit |
0.349 |
|
To Advance Tax |
0.066 |
|
|
|
To M.T.N.L. Limited |
0.008 |
|
|
|
To Electricity Charges |
0.003 |
|
|
|
To Locker Rent |
0.003 |
|
|
|
To Rent |
0.002 |
|
|
|
To Share of firm |
|
|
|
|
FBT |
0.005 |
|
|
|
Income Tax |
0.005 |
|
|
|
Advance Tax |
0.002 |
|
|
|
Advance Tax |
0.107 |
|
|
|
To Professional Tax |
0.003 |
|
|
|
To Closing Balance |
1.460 |
|
|
|
|
|
|
|
|
Total |
1.834 |
Total |
1.834 |
MRS. INDIRA C.
GALA’S CAPITAL ACCOUNT
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawals |
0.030 |
By Operating Balance |
0.685 |
|
To Share of firm |
|
By Interest on capital |
0.082 |
|
To Advance Tax |
0.107 |
By Share of Profit |
0.350 |
|
FBT |
0.004 |
|
|
|
TDS |
0.002 |
|
|
|
Income Tax |
0.005 |
|
|
|
To LIC |
0.044 |
|
|
|
To M.T.N.L. Limited |
0.013 |
|
|
|
To Professional Tax |
0.003 |
|
|
|
To Closing Balance |
0.909 |
|
|
|
|
|
|
|
|
Total |
1.117 |
Total |
1.117 |
MR. NITIN D.
GALA’S CAPITAL ACCOUNT
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawals |
0.060 |
By Opening Balance |
1.311 |
|
To LIP |
0.093 |
By Interest on capital |
0.157 |
|
To Mediclaim |
0.008 |
By Remuneration from firm |
0.501 |
|
To Personal Accident Policy |
0.001 |
By Share of Profit |
0.262 |
|
To Birla Sunlife Ins. Company Limited |
0.006 |
|
|
|
To Share of firm |
|
|
|
|
Advance Tax |
0.080 |
|
|
|
TDS |
0.002 |
|
|
|
FBT |
0.003 |
|
|
|
Income Tax |
0.004 |
|
|
|
To Society Charges |
0.002 |
|
|
|
To Ashish Estate Private Limited |
0.009 |
|
|
|
To S. A. Tax [A.Y. 06-07] |
0.003 |
|
|
|
To Rent |
0.001 |
|
|
|
To Advance Tax |
0.066 |
|
|
|
To School Fees |
0.009 |
|
|
|
To Computer Fees |
0.001 |
|
|
|
To Electricity Tax |
0.003 |
|
|
|
To Profession Tax |
0.002 |
|
|
|
To Closing Balance |
1.878 |
|
|
|
|
|
|
|
|
Total |
2.231 |
Total |
2.231 |
MR. VIJAY D GALA’S
CAPITAL ACCOUNT
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawals |
0.060 |
By Opening Balance |
1.258 |
|
To LIP |
0.101 |
By Interest on capital |
0.151 |
|
To Advance Tax |
0.066 |
By Remuneration from firm |
0.376 |
|
To Share of firm |
|
By Share of Profit |
0.350 |
|
Advance Tax |
0.107 |
|
|
|
TDS |
0.002 |
|
|
|
FBT |
0.005 |
|
|
|
Income Tax |
0.005 |
|
|
|
To M.T.N.L. Limited |
0.019 |
|
|
|
To Mediclaim |
0.008 |
|
|
|
To Personal Accident Policy |
0.001 |
|
|
|
To Society Maintenance Charges |
0.008 |
|
|
|
To Electricity Charges |
0.008 |
|
|
|
To School Fees |
0.050 |
|
|
|
To Mahanagar Tax |
0.002 |
|
|
|
To Profession Tax |
0.002 |
|
|
|
To Bombay Cloth Market |
0.002 |
|
|
|
To Closing balance |
1.689 |
|
|
|
|
|
|
|
|
Total |
2.135 |
Total |
2.135 |
MRS. CHHAYA VINOD
GALA’S CAPITAL ACCOUNT
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawals |
0.012 |
By Opening Balance |
0.997 |
|
To Share of firm |
|
By Share of Profit |
0.437 |
|
To Advance Tax |
0.134 |
By Interest on capital |
0.120 |
|
TDS |
0.003 |
|
|
|
FBT |
0.005 |
|
|
|
Income Tax |
0.006 |
|
|
|
To Professional Tax |
0.003 |
|
|
|
To LIC |
0.060 |
|
|
|
To Closing Balance |
1.331 |
|
|
|
|
|
|
|
|
Total |
1.554 |
Total |
1.554 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
7.267 |
5.241 |
4.123 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.267 |
5.241 |
4.123 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.686 |
0.719 |
2.046 |
|
|
2] Unsecured Loans |
19.458 |
16.373 |
12.953 |
|
|
TOTAL BORROWING |
20.144 |
17.092 |
14.999 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
27.411 |
22.333 |
19.122 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.213 |
0.145 |
0.129 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.535
|
12.839 |
11.898 |
|
|
Sundry Debtors |
35.259
|
23.433 |
18.807 |
|
|
Cash & Bank Balances |
0.110
|
0.045 |
0.186 |
|
|
Other Current Assets |
0.029
|
0.110 |
0.117 |
|
|
Loans & Advances |
0.114
|
0.286 |
0.275 |
|
Total
Current Assets |
54.047
|
36.713 |
31.283 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
26.849
|
14.525 |
12.290 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
26.849
|
14.525 |
12.290 |
|
|
Net Current Assets |
27.198
|
22.188 |
18.993 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
27.411 |
22.333 |
19.122 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
160.055 |
120.982 |
88.091 |
|
|
Other Income |
0.191 |
0.247 |
0.364 |
|
|
Total Income |
160.246 |
121.229 |
88.455 |
|
|
|
|
|
|
|
|
Net Profit |
1.748 |
0.991 |
0.728 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
143.109 |
108.678 |
80.231 |
|
|
Salaries, Wages, Bonus, etc. |
0.922 |
0.846 |
0.674 |
|
|
Payment to Auditors |
0.019 |
0.019 |
0.014 |
|
|
Interest |
2.345 |
2.300 |
1.819 |
|
|
Interest to Partners |
0.629 |
0.495 |
0.409 |
|
|
Remuneration to Partners |
1.253 |
0.731 |
0.572 |
|
|
Insurance Expenses |
0.377 |
0.381 |
0.022 |
|
|
Depreciation & Amortization |
0.055 |
0.036 |
0.049 |
|
|
Other Expenditure |
9.789 |
6.752 |
3.937 |
|
Total Expenditure |
158.498 |
120.238 |
87.727 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
1.09
|
0.82 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.09
|
0.82 |
0.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22
|
2.69 |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.19 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.47
|
6.03 |
6.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
2.53 |
2.55 |
LOCAL AGENCY
FURTHER INFORMATION
Name of the
Partners and their profit sharing ratios
|
Name of the
Partners |
Profit Sharing
Ratio |
|
|
|
|
Arvind D. Gala |
20 % |
|
Indira C. Gala |
20 % |
|
Vijay D. Gala |
20 % |
|
Chimanlal D. Gala |
25 % |
|
Nitin D. Gala |
15 % |
Details of Fixed
Assets
Furniture and Fixture : Rs.
0.063 Million
Other Assets : Rs.
0.260 Million
Insurance Details
|
Unit’s Assets
covered |
Policy No. /
Cover Note |
Validity |
Sum Assured |
Risk Covered |
|
Fire and Spl. Perils |
PSP-00029564-000-01 |
05.01.2009 |
Rs. 0.250 Million |
Fire and Earth Quake |
|
Fire and Spl. Perils |
PSP-00029329-000-01 |
05.01.2009 |
Rs. 30.000 Millions |
Fire and Earth Quake |
COMPARATIVE
FIGURES OF BALANCE SHEETS
|
Particulars |
As
at 31.03.2008 [Estimated] |
As
at 31.03.2009 [Estimated] |
|
|
|
|
|
Sources of Funds
: |
|
|
|
|
|
|
|
Partners Capital Accounts |
9.500 |
12.500 |
|
Overdraft from |
|
|
|
- Corporation Bank, Kalbadevi |
0.700 |
3.500 |
|
- Bank of India |
0.030 |
0.040 |
|
|
|
|
|
Unsecured Loans
: |
|
|
|
|
|
|
|
Family Members |
2.500 |
3.000 |
|
Other Relatives and Friends |
20.000 |
22.000 |
|
|
|
|
|
Trade
Liabilities : |
|
|
|
|
|
|
|
Creditors for goods |
27.000 |
30.000 |
|
Creditors for Expenses |
2.400 |
2.900 |
|
Cheques issued for Liabilities |
0.000 |
0.000 |
|
Brokers Account |
0.070 |
0.080 |
|
|
|
|
|
Total |
62.200 |
74.020 |
|
|
|
|
|
Application of
Funds |
|
|
|
|
|
|
|
Fixed Assets |
0.160 |
0.130 |
|
Deposits |
0.110 |
0.110 |
|
Advances |
0.200 |
0.230 |
|
Commission receivable |
0.000 |
0.000 |
|
Closing Stock of Goods |
22.700 |
29.000 |
|
Debtors for Goods |
39.000 |
44.500 |
|
Cash and Bank Balance |
0.030 |
0.050 |
|
Total |
62.200 |
74.020 |
COMPARATIVE FIGURES
OF SALES AND PROFITABILITY :
|
Particulars |
As
at 31.03.2008 [Estimated] |
As
at 31.03.2009 [Estimated] |
|
|
|
|
|
Sales |
200.000 |
240.000 |
|
Less : Cost of Sales |
184.000 |
220.000 |
|
Gross Profit from Trading |
16.000 |
20.000 |
|
Add : Other Income / Credits |
0.200 |
0.200 |
|
|
16.200 |
20.200 |
|
|
|
|
|
Less : Administrative and Selling Expenses |
11.300 |
14.000 |
|
|
4.900 |
6.200 |
|
|
|
|
|
Less : Deprecation |
0.057 |
0.030 |
|
Profit before Interest and Remuneration to Partners |
4.843 |
6.170 |
|
|
|
|
|
Less : Interest on Capital to Partners |
0.800 |
1.000 |
|
|
4.043 |
5.170 |
|
|
|
|
|
Less : Remuneration to Partners |
1.800 |
2.200 |
|
Net Profit |
2.243 |
2.970 |
Fixed Assets
- Furniture and
Fixture
- Computer
- Fax Machine
- Air
Conditioner
- Reliance
Mobile
- Nokia Mobile
- EPEBX
STATEMENT OF ASSETS AND LIABILITIES
Mrs. Indira
Chimanlal Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.456 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma |
Rs. 0.909 Million |
Deposits held with Banks
|
Name of the company |
Amount Invested |
|
Corporation Bank [F.D.] |
Rs. 0.194 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
PPF |
0.018 |
0.018 |
|
Mutual Funds |
0.132 |
0.132 |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Bank Balances |
Rs. 0.181 Million |
|
Cash on Hand |
Rs. 0.045 Million |
Total Assets : Rs. 1.478 Millions
Mr. Arvind Damji
Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.974 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma Velji Nagpar and Company |
Rs. 1.460 Millions Rs. 0.727 Million |
Deposits held with Banks
|
Name of the company |
Amount Invested |
|
Bank of India [F.D.] |
Rs. 0.072 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
NSC |
Rs. 0.060 Million |
Rs. 0.074 Million |
|
PPF |
Rs. 0.018 Million |
Rs. 0.018 Million |
|
MIS with PO |
Rs. 0.020 Million |
Rs. 0.020 Million |
|
Mutual Funds |
Rs. 0.140 Million |
Rs. 0.140 Million |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Bank Balances |
Rs. 0.431 Million |
|
Cash on Hand |
Rs. 0.009 Million |
Total Assets : Rs. 2.950 Millions
Mr. Vijay Damji
Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.936 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma Velji Nagpar and Company |
Rs. 1.689 Millions Rs. 0.136 Million |
Deposits held with Banks
|
Name of the company |
Amount Invested |
|
Kapol Co-operative Bank [F.D.] |
Rs. 0.072 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
NSC |
Nil |
Nil |
|
PPF |
Rs. 0.035 Million |
Rs. 0.035 Million |
|
MIS with PO |
Rs. 0.020 Million |
Rs. 0.020 Million |
|
Mutual Funds |
Rs. 0.147 Million |
Rs. 0.147 Million |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Deposits |
Rs. 0.001 Million |
|
Bank Balances |
Rs. 0.218 Million |
|
Cash on Hand |
Rs. 0.001 Million |
Total Assets : Rs. 2.421 Millions
Mrs. Chhaya Vinod
Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.580 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma |
Rs. 1.331 Millions |
Deposits held with Banks
|
Name of the company |
Amount Invested |
|
Corporation Bank [F.D.] |
Rs. 0.145 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
NSC |
Rs. 0.015 Million |
Rs. 0.019 Million |
|
PPF |
Rs. 0.018 Million |
Rs. 0.018 Million |
|
Mutual Funds |
Rs. 0.132 Million |
Rs. 0.132 Million |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Bank Balances |
Rs. 0.160 Million |
|
Cash on Hand |
Rs. 0.002 Million |
Total Assets : Rs. 1.807 Millions
Mr. Nitin Damji
Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.971 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma Velji Nagpar and Company |
Rs. 1.878 Millions Rs. 0.125 Million |
Deposits held with Banks
|
Name of the company |
Amount Invested |
|
Bank of India [F.D.] |
Rs. 0.042 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
PPF |
Rs. 0.139 Million |
Rs. 0.139 Million |
|
Mutual Funds |
Rs. 0.140 Million |
Rs. 0.140 Million |
|
Shares |
Rs. 0.020 Million |
Rs. 0.020 Million |
|
MIS with PO |
Rs. 0.020 Million |
Rs. 0.020 Million |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Bank Balances |
Rs. 0.088 Million |
|
Cash on Hand |
Rs. 0.064 Million |
|
Loans |
Rs. 0.060 Million |
Total Assets : Rs. 2.856 Millions
Mr. Vinod Damji
Gala
Annual Income
|
Source |
Annual Income |
|
Share of Profit from V. N. Pharma and
Interest Income |
Rs. 0.505 Million |
Investment in Business Capital
|
Name of the company |
Amount Invested |
|
V. N. Pharma Velji Nagpar and Company |
Rs. 0.735 Million Rs. 0.392 Million |
Government Securities / national Saving Certificates / Shares of listed
companies / units of Unit Trust of India etc.
|
Description of Security |
Face value |
Market Value |
|
PPF |
Rs. 0.035 Million |
Rs. 0.035 Million |
|
Shares |
Rs. 0.020 Million |
Rs. 0.020 Million |
|
Mutual Funds |
Rs. 0.140 Million |
Rs. 0.140 Million |
|
MIS with PO |
Rs. 0.020 Million |
Rs. 0.020 Million |
Other Assets
|
Nature / Details of Assets |
Market value of assets |
|
Bank Balances |
Rs. 0.419 Million |
|
Cash on Hand |
-- |
|
Loans |
Rs. 0.386 Million |
Total Assets : Rs. 2.147 Millions
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.87 |
|
UK Pound |
1 |
Rs.83.41 |
|
Euro |
1 |
Rs.66.11 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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. |
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 |
|