MIRA
INFORM REPORT
|
Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ESBEE DYNAMED PRIVATE LIMITED |
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Registered Office : |
110, Sai Commercial Centre, Govandi
Station Road, Devnar, Mumbai – 400 088, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
17.03.1999 |
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Com. Reg. No.: |
11-118962 |
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CIN No.: [Company
Identification No.] |
U33110MH1999PTC118962 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUME03685D |
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PAN No.: [Permanent
Account No.] |
AAACE7835Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distribution of Imported Medical Equipments. |
RATING &
COMMENTS
|
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 16000 |
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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 and reputed company meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
110, Sai Commercial Complex, BKS Devshi Marg, Govandi Station Road,
Govandi, Mumbai – 400 088, Maharashtra, India |
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Tel. No.: |
91-22-55554289 / 67554289 / 6575 1472 |
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Fax No.: |
91-22-25572249 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mrs. Radhika Bawa |
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Designation : |
Director |
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Address : |
4/15 Borla Co op HSC Soc Limited, Opposite Basant Cinema Chembur,
Mumbai – 400 074, Maharashtra, India |
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Date of Birth/Age : |
07.05.1973 |
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Date of Appointment : |
31.03.2006 |
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PAN No.: |
AAHPK5672M |
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Name : |
Mr. Subhash Ramdas Bawa |
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Designation : |
Director |
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Address : |
22, Mastri Vijay Co-op Society Dr. C G Gidwani Road, Chembur , Mumbai
– 400 074, Maharashtra, India |
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Date of Birth/Age : |
05.09.1938 |
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Date of Appointment : |
20.09.2003 |
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Name : |
Mrs. Veena Subhash Bawa |
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Designation : |
Director |
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Address : |
22, Mastri Vijay Co-op Society Dr. C G Gidwani Road, Chembur , Mumbai
– 400 074, Maharashtra, India |
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Date of Birth/Age : |
30.06.1947 |
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Date of Appointment : |
26.02.1999 |
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Name : |
Mr. Aditya Subhash Bawa |
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Designation : |
Director |
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Address : |
4/15 Borla Co op HSC Soc Limited, Dr. C G Gidwani Road, Chembur,
Mumbai – 400 074, Maharashtra, India |
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Date of Birth/Age : |
21.07.1969 |
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Date of Appointment : |
26.02.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Subhash Bawa |
|
3333 |
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Mrs. Veena Subhash Bawa |
|
3333 |
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Mr. Aditya Subhash Bawa |
|
3334 |
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Total
|
10000 |
Equity Share Breakup (Percentage of Total Equity):-
|
Category (As on 30.09.2007) |
Percentage |
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Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Distribution of Imported Medical Equipments. |
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Products : |
Operating
Room Products · Operation Theatre Lights · Operation Theatre Table · Gynecology Examination Chair · Pendants · Surgical Helmet Systems · Head Light Systems · Electrosurgical Units Diagnostic
Products · Pulmonary Function Testing Equipment · Sleep Therapy System (CPAP) · Sleep Analysis Systems Sports
Medicine Products · Heart Rate Monitors · Lactate Analysers · Strength Assessment Systems · 3D Motion Analysis · Surface EMG Systems · Exercise Physiology Systems |
GENERAL
INFORMATION
|
Bankers : |
· HDFC Bank Limited, HDFC Bank Housenapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
Bank of India, Mulund (West) Branch, Mumbai,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
O S Agrawal and Associates Chartered Accountants |
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Address : |
7A/4, Sailor’s Building, 3rd Floor, 373, D N Road, Flora
Fountain, Mumbai – 400 001, Maharashtra, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
(As on
30.09.2007):-
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.913 |
2.120 |
1.229 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.013 |
2.220 |
1.329 |
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LOAN FUNDS |
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1] Secured Loans |
1.771 |
2.146 |
0.843 |
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2] Unsecured Loans |
1.095 |
1.267 |
1.175 |
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TOTAL BORROWING |
2.866 |
3.413 |
2.018 |
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DEFERRED TAX LIABILITIES |
0.077 |
0.074 |
0.073 |
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TOTAL |
5.956 |
5.707 |
3.420 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.484 |
2.725 |
3.013 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.986
|
1.709 |
1.186 |
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Sundry Debtors |
6.667
|
2.341 |
0.594 |
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Cash & Bank Balances |
1.463
|
1.789 |
0.795 |
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Other Current Assets |
2.775
|
1.823 |
2.244 |
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Loans & Advances |
1.820
|
0.814 |
0.553 |
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Total
Current Assets |
14.711
|
8.476 |
5.372 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6.979
|
2.419 |
2.680 |
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Provisions |
4.263
|
3.080 |
2.290 |
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Total
Current Liabilities |
11.242
|
5.499 |
4.970 |
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Net Current Assets |
3.469
|
2.977 |
0.402 |
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MISCELLANEOUS EXPENSES |
0.003 |
0.005 |
0.005 |
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TOTAL |
5.956 |
5.707 |
3.420 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
|
26.089 |
18.644 |
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Other Income |
|
0.000 |
0.000 |
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Total Income |
|
26.089 |
18.644 |
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Profit/(Loss) Before Tax |
|
1.475 |
1.478 |
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Provision for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss) After Tax |
|
1.475 |
1.478 |
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Expenditures : |
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Interest |
|
0.441 |
0.258 |
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Depreciation & Amortization |
|
0.352 |
0.407 |
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Other Expenditure |
|
23.821 |
16.501 |
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Total Expenditure |
|
24.614 |
17.166 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
5.65
|
7.93 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
5.65
|
7.93 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.58
|
13.20 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.67 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.68
|
4.01 |
5.26 |
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Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.54 |
1.08 |
LOCAL AGENCY FURTHER
INFORMATION
FORM 8:-
|
Name of the
company |
ESBEE DYNAMED PRIVATE LIMITED |
|
Presented By |
Bank of India, Mulund (West) Branch,
Mumbai |
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1) Date and
description of instrument creating the change |
No instrument equitable
by deposit of title deeds dated 27.12.2002. |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 0.600 million
(Term Loan) |
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
All that piece of
land with building, sheds and structure standing thereon at plot with bearing
Sq.fts in the building complex known as Sai Commercial complex, situated at
village Chembur, Govandi Station Road, Mumbai – 400 088, Maharashtra, The
Plot of land Bearing survey No. 22, (PT) CTS No. 402, 40/1, 402/A-21, Taluka
Kurla in the registration sub district of Mumbai suburban district. |
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4) Gist of the terms
and conditions and extent and operation of the charge. |
4.0 % above PTLR
Minimum 16% at quarterly rest or at such other rate (s) of interest as may be
notified to the company by the bank from time to time. |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of India,
Mulund (West) Branch, Mumbai, Maharashtra, India |
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Corporate
identity number of the company |
U33110MH1999PTC118962 |
|
Name of the
company |
ESBEE DYNAMED
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
110, Sai Commercial Centre,
Gowandi Station Road, Devnar, Mumbai – 400 088, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank
limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum
Recording Transaction of Creation of Equitable mortgage by deposit of title
deeds by constructive delivery. |
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Date of
instrument Creating the charge |
08.05.2008 |
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Amount secured by
the charge |
Rs. 8.900
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment : On Demand Margin : Company shall at
all times the continuance of this security maintain a sufficient amount to
provide the margin of security as may from time to time advised by the bank. Extent and Operation of the charge : The company
Accorded and gave oral consent to Bank to continue to hold retain the
title deeds (by way of constructive delivery) in respect of its already deposited immovable properties as
mentioned under column below as security for repayment of principal, interest, liquidated, for
repayment of monies due and payable by the company to the bank |
|
Short Particulars
of the property charged |
Immovable
properties situated at Office Unit No. 110/111, 1st Floor, Sai
Commercial Complex, BKS Devshi Marg, Govandi Station Road, Govandi, Mumbai –
400 088, Maharashtra, India |
|
Particulars of
the present modification |
The bank having
at the request of company has agreed to increased credit facility, therefore
mortgage charge increased from Rs. 4.300 millions to Rs. 8.900 millions. |
website detail:-
Subject is a young and dynamic company engaged in distribution of
imported medical equipments. Their promoters have been associated with this
industry for the last 20 years.
Their product range encompases surgical, diagnostic and sports medicine
equipment helping them design comprehensive solutions to their customer’s
needs. They are associated with some of the world leaders in these fields for
Western and Central India.
Their biggest strength is their commitment to service – each of their
installations is supported by a dedicated team of professional service
engineers to ensure maximum uptime for their customers.
Their customers include some of the most prestigious medical
institutions both in the Government and Corporate sector.
Principals
Maquet GmbH and
Co. KG. - OR Lights, Delivery Chair and Pendants
Maquet GmbH is a world leader in the field of surgical lights, tables,
cardio-pulmonary, critical care and ceiling supply units and is part of
Getinge, Sweden.
Maquet is the Gold Standard for Operating Room Equipments.
Erbe
Elektromedizin GmbH – Electrosurgical Units
Erbe Elektromedizin traces back its beginning to 1847 and is today
regarded as one of the world leaders in electrosurgery headquartered in Germany.
Erbe employs over 400 people to look after development, production and
global sale of systems for electrosurgery, waterjet surgery, ophthalmic
surgery, cryosurgery and physical therepy.
The company has a world wide presence through its network of branch
offices, subsidiaries and international agencies covering Europe, Asia,
South-central America, Russia, Poland, Africa, New Zealand and Australia.
Viasys Healthcare
GmbH - Pulmonary Function, Sleep and Sports Medicine Equipment
Viasys Healthcare is a global market leader in health care technology
headquartered in USA. It is a new business mosaic of companies, each
individually responsive to market needs.
Each company is a division or subsidiary of Viasys Healthcare and
specializes in developing, manufacturing and marketing high technology medical
products focused on Respiratory Technologies, NeuroCare and Critical Care
Systems as well as Medical and Surgical Equipment and Clinical Services.
Beyond its product breadth, Viasys Healthcare includes a comprehensive
Customer Care Organisation, pooling resources from Jaeger, Bear Medical, Bird
Products, Medical Data Electronics, Nicolet and Sensor Medics.
The company’s global reach encompases Europe, Asia, South-central
America, Africa, Australia, New Zealand and Russia.
YSI Incorporated -
Lactate Analysers
YSI’s history of developing and commercializing innovative products
began in 1948 when the Company founders engineered the first quartz crystal
electronic timer for the U.S. Air Force.
YSI Life Sciences addresses a broad range of applications with its
bioanalytical instruments. These include biochemistry analyzers, monitors, and
probes that are the industry standard for critical bioprocess monitoring,
sports physiology, and food and beverage processing.
It is headquartered in Yellow Springs, USA
Motion Analysis
Corporation - 3D Motion Analysis Systems
Motion Analysis Corporation is a California corporation formed in May of
1982 with principal executive offices located in Santa Rosa, California
It is the world's largest manufacturer of high performance
video/computer-based instrumentation systems that test and measure the movement
of objects.
Motion Lab Systems
– EMG
Motion Lab Systems was started in 1987, in Tampa, Florida and has
developed a reputation for supplying reliable, first class products to gait
labs throughout the world.
They have over seventeen years of experience in the design,
configuration and installation of Gait and Motion Analysis Laboratories.
It is headquartered in Louisiana, USA
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.96 |
|
UK Pound |
1 |
Rs.83.91 |
|
Euro |
1 |
Rs.66.36 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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
|
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 |
|