MIRA
INFORM REPORT
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Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
NARULA EXPORTS |
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Registered Office : |
39, North Avenue,
Punjabi Bagh West, New Delhi – 110026 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Year of Establishment : |
1990 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN07608G |
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PAN No.: [Permanent
Account No.] |
AAAFN1889N |
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Legal Form : |
Partnership Concern with an Unlimited Liability of Partner |
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Line of Business : |
Manufacturer and Exporter of Hospital, Furniture, Dressings Sutures,
Emergency Equipments etc. |
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 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established concern having satisfactory track. Trade relations are fair.
General financial position is satisfactory. Payments are usually correct and as per commitments. The concern can
be considered normal for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Praveen Kumar Narula |
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Designation : |
Partner |
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Contact No.: |
91-9212577800 |
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Date : |
01.11.2008 |
LOCATIONS
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Registered Office : |
39, North Avenue,
Punjabi Bagh West, New Delhi – 110026, India |
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Tel. No.: |
91-11-25438698/25113873/25433101/25228890 |
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Mobile No.: |
91-981103923 |
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Fax No.: |
91-11-25438702 |
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E-Mail : |
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Website : |
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Area : |
1300 sq.ft (Owned) |
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Marketing
Office/ Showroom : |
Narula Tower, 25, Central Market, Punjabi Bagh West, New Delhi-110026,
India |
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Tel. No.: |
91-11-25223873/ 42463995/ 42463996/ 25224102 |
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Fax No.: |
91-11-25228702/ 25225376 |
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E-Mail : |
nuipl@vsnl.com |
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Administrative
Office : |
45, North Avenue,
Punjabi Bagh West, New Delhi – 110026 Location : Owned by Vice President of Narula Export |
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Area : |
1120 sq. yards |
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Factory 1 : |
A-75, Phase-I, Naraina Industrial Area, New Delhi |
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Tel. No.: |
91-11-25795757/25798174 |
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Fax No.: |
91-11-51418777 |
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Godown : |
2 and 3, Cwentral Market, Punjabi Bagh West, New Delhi –
110026 |
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Area : |
5000 sq. ft.(Owned) |
PARTNERS
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Name : |
Mr. Subhash K. Narula |
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Designation : |
Partner |
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Address : |
39, North Avenue, Punjabi Bagh West, New Delhi – 110026 |
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Date of Birth/Age : |
62 Years |
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Qualification : |
B.S.C. |
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Experience : |
41 years |
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Name : |
Mr. Praveen Kumar Narula |
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Designation : |
Partner |
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Address : |
45, North Avenue, Punjabi Bagh West, New Delhi – 110026 |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Graduate |
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Experience : |
31 years |
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Name : |
Mr. Prashanth Narula |
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Designation : |
Partner |
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Address : |
39, North Avenue, Punjabi Bagh West, New Delhi – 110026 |
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Date of Birth/Age : |
30 Years |
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Qualification : |
MBA and B.Sc. [Hons] |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Hospital, Furniture, Dressings Sutures,
Emergency Equipments etc. |
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Products : |
·
Hospital Furniture ·
Operation Theatre Equipments ·
Patient Stretches and Emergency Equipments ·
Invalid Wheelchairs and Rehab Products ·
Diagnostic Equipments ·
Medical Disposables ·
Laboratory Products ·
Hospital Dressings ·
Hospital Hollowares ·
Laboratory Chemicals ·
Pneumatic Tube System ·
Rubber Products ·
Trolley ·
Other Ward and Utility Equipments ·
Sterlization Equipments ·
Ortho Implants ·
Surgical Instruments ·
Miscellaneous Products |
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Exports : |
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Products : |
Hospital Furniture and Dressing Sturcture |
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Countries : |
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Imports : |
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Products : |
Wood |
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Countries : |
Africa |
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Terms : |
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Selling : |
Cash and Credit ( 60 – 90 Days) |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
300 (Office 50, Factory 250) |
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Bankers : |
Syndicate Bank, Punjabi Bagh, New Delhi – 110026 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. C. Mehta and Associates Chartered Accountant |
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Address : |
1E/12, 3rd Floor, Sewak House, Jhandewalan
Extension, New Delhi – 110055 |
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Tel. No.: |
91-11-23631558 |
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Fax No.: |
91-11-23631558 |
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Associates/Subsidiaries : |
Narula Udyog (India) Private Limited 25, Central Market, Punjabi Bagh (W), New Delhi Line of Business: Hospital Furniture
Advance Technomed Private Limited 25, Central Market, Punjabi Bagh (W), New Delhi Line of Business: Hospital Supplier
Narula Holdings Private Limited 25, Central Market, Punjabi Bagh (W), New Delhi Line of Business: Service and Maintenance
Med Freshe 25, Central Market, Punjabi Bagh (W), New Delhi Line of Business: Marketing and Medical Equipments |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.700
millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.700
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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70.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
·
Futura Surgicare Private Limited
Address: L-61, Saket, New Delhi-110017, India
Contact Person : MR. N Balsubramanian
Tel No.: 91-11-26517878
·
Iscon Surgicals Limited
Address: 1596, 2nd Floor, Bhagirath
Palace, Chandni Chowk, New Delhi-110061, India
Contact Person : Mr. Deepak Sanghvi
Tel No.: 91-11-35038113
·
Techno Quip
Address : C/O, Mr. J M Phira, Retired IAS,
Lower Lachumear, Shilong
Contact Person : Mr. Don Lang
Mobile No.: 91-9863061177
AS PER WEBSITE
Profile:
Narula Udyog (India) Private Limited is manufacturers
of Hospital Furniture, Operation Theatre Equipment, Wheel Chairs and Suctions
in India. It is a unit of Narula group of companies who are in the field of
medical supplies since 1953. This unit was incorporated in 1974 and its
manufacturing unit is located in Naraina Industrial Area, New Delhi. The
manufacturing unit is equipped with the best of machinery and production
facilities including Powder Epoxy Coating Plant, Sheet Foaming Machines, Press
Shop, Tool Room, Mig and Tig, Welding Machines etc.
Narula Udyog has spent all these years in optimizing the techniques of quality
production using advance technology. Moreover, it is the company's policy to
delight its customers by supplying consistent quality of products as per their
specified requirements and delivery schedules at most competitive prices. Apart
from this the Continual development coupled with a wealth of ideas and total
commitment to quality has helped it to gain reputation for excellence as a
manufacturer of Hospital Furniture and Equipments over the years.
All this along with its dedicated work force well experienced
management, who have passion to refine the existing products and introduce new
products has kept the brand 'MEDIKRAFT' way ahead of competition. The hallmark
of the commitment to quality is its International Standards Organization (ISO)
registration.
Narula Exports a unit of Narula Group of companies was incorporated in 1990 to
exclusively look after the exports of the Narula group and its associates. This
organization was specially formed to cater the ever growing demands of
International market effectively in diversified field, including medical, the
parent field.
Narula Exports achieved the ISO 9001:2000 status in beginning of 2002, and are
in process of getting various of their products C.E certified. Since 1990,
Narula Exports has been serving the one community called “Mankind” by catering to the
needs of most through more innovation, reach, awareness and service by the
quality of marketing the products they take up.
Narula Exports has to its credit furnishing of various hospitals on turn-key
basis. One of the specialties are participation in the international
competitive bids. They have been awarded various contracts of World Bank, UN
Aided, and Red Cross projects, besides regular supplies to various Health
Departments in their respective countries.
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] 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.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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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