MIRA
INFORM REPORT
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Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
A.M.V. PHARMACY INDIA PRIVATE LIMITED |
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Registered Office : |
Flat No. B – 3. II nd Ganga Sthal – 1, Muni ki Reti, Post - Shivanand Nagar,
Tehri Garhwal – 249 192, Uttaranchal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.03.2006 |
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Com. Reg. No.: |
05-31504 |
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CIN No.: [Company
Identification No.] |
U24233UR2006PTC031504 |
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IEC No.: |
6108000155 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTA02408A |
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PAN No.: [Permanent
Account No.] |
AAAJA1302R AAGCA9425L |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer of Ayurvedic and Herbal Medicine. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2500 |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a 2 years old company. Trade relations are fair. Scale of
activity is limited. No complaints have been heard against the subject from
the market sources. The company can be considered for small to mediocre business dealings
with slight caution. |
INFORMATION PARTED
BY
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Name : |
Mr. Deepak |
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Designation : |
Accountant |
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Contact No.: |
Mobile no.91-9897525660 |
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Date : |
11.10.2008 |
LOCATIONS
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Registered Office : |
Flat No. B – 3. II nd Ganga Sthal – 1, Muni ki Reti, Post - Shivanand
Nagar, Tehri Garhwal – 249 192, Uttaranchal |
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Tel. No.: |
91-135-6454944/ 2442224 |
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Mobile No.: |
91-9897525660 |
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Fax No.: |
91-135-2442224 |
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E-Mail : |
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Website : |
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Area : |
100 sq mtr. |
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Location : |
Rented |
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Administration Office : |
Ganga Vatika 2, C – 30, 31 Muni Ki Reti, Rishikesh – 249 201,
Uttaranchal, India. |
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Mobile No.: |
91-9219558448/ 9219510982 (Mr. Niraj Srivastav) |
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Area : |
300 sq yards |
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Location : |
Owned |
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Factory : |
Bhalwala Industrial Area, Muni Ki Reti, Uttaranchal – 249 192, India. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Vinod Kumar Srivastav |
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Designation : |
Director |
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Address : |
Muni ki Reti, Post Rishikesh – 249 201, District Tehri Garhwal,
Uttaranchal, India. |
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Date of Birth/Age : |
04.06.1957 |
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Qualification : |
B.A., M.S. |
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Date of Appointment : |
13.03.2006 |
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Name : |
Mr. Zoran Mitrovic |
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Designation : |
Director |
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Address : |
Pere Cetkovica – 50/ 8, Beograd, (SCG), Yugoslavia |
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Date of Birth/Age : |
16.10.1958 |
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Date of Appointment : |
13.03.2006 |
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Name : |
Mr. Andrey Vorobiev |
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Designation : |
Director |
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Address : |
Molostovih – 14-1- III, Moscow (Rasia) |
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Date of Birth/Age : |
01.10.1964 |
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Date of Appointment : |
13.03.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
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Names of Shareholders |
No. of Shares |
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Mr. Vinod Kumar Srivastav |
500 |
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Mr. Zoran Mitrovic |
5000 |
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Mr. Andrey Vorobiev |
44500 |
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Total |
50000 |
As on 26.09.2007
Equity share breakup (percentage of total equity)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ayurvedic and Herbal Medicine. |
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Terms : |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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No. of Employees : |
15 (In office-14, In Branch-1) |
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Bankers : |
Union Bank of India, Muni ki Reti Branch |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Anil R.T. and Company Chartered Accountants |
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Address : |
65-66, SBM Complex, Hardwar Road, Rishikesh - 249 201, Uttaranchal,
India. |
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Associates/Subsidiaries : |
Ayurveda Bhavan Private Limited |
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 |
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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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[all figures are in Rupees Millions]
Expected Sales (2008-09) : Rs.4.000 Million
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.004 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.504 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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23.060 |
0.000 |
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TOTAL BORROWING |
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23.060 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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23.564 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.213 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.101 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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7.593 |
0.000 |
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Cash & Bank Balances |
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13.625 |
0.041 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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21.218 |
0.041 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.063 |
0.001 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.063 |
0.001 |
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Net Current Assets |
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21.155 |
0.040 |
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MISCELLANEOUS EXPENSES |
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0.095 |
0.060 |
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TOTAL |
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23.564 |
0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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ther Income |
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0.000 |
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Total Income |
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0.034 |
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Profit/(Loss) Before Tax |
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0.006 |
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Provision for Taxation |
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0.002 |
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Profit/(Loss) After Tax |
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0.004 |
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Total Expenditure |
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0.028 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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11.76 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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17.65 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.03 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.01 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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45.88 |
0.01 |
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Current Ratio (Current Asset/Current Liability) |
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336.79 |
41.00 |
LOCAL AGENCY
FURTHER INFORMATION
Note: The company is about to start its manufacturing unit later this
year.
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Additional
Requirement of Indiamart for Trust-Seal |
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IEC Code : 6108000155 |
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PAN / TAN : AAGCA9425L |
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Bank Name : Union Bank of India |
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Bank Address : Muni ki Reti Branch |
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Bank A/c. No.:11057 |
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Account Since :2
Years |
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WEBSITE DETAILS
Profile
As a young and dynamic organization, Subject has evolved as a prominent and reliable name all over the world. Their incredible expertise in the usage of different types of traditional and age-old methods of diagnostics, remedial, healing and therapeutic services allow them to provide best and highly beneficial services. To execute their services with perfection and efficacy, they make use of internationally recognized techniques and methodologies that are trusted all over the world for their excellent and safe results. Their Panchakarma will restore the health
Their well built and luxurious Ayurvedic Bhavan at Rhishikesh is the place
where all these therapeutic services are provided. The cozy and peaceful
ambience of this place is perfect for Ayurvedic therapies and helps in offering
faster and more effective services. This place is managed by the subject that
is a part of International Holding Company. Their firm is engaged in
promoting and comprehending evolutionary projects in the fields of science and
technology.
Their activities are efficiently handled by their CEO - Mr.Zoran Mitrovic,
whose passion to serve the mankind has taken the company to newer heights. He
is supported with a team of qualified and experienced Indian doctors (Vaidyas),
physician, Ayurvedic technicians and experts. Owing to their hard work and
across-the-board research in the field of Ayurveda and Panchakarma, they
practice different types of traditional therapies.
Services
They offer a
variety of alternative medicinal therapies and ayurvedic therapy course that
are based on Ayurveda and Panchakarma. Their therapeutic services are known to
provide amazing results on any person and offers long lasting effects. To
enhance the result of the therapies, they combine latest techniques and
traditional methodologies.
Their expertise is in ayurvedic therapy
course, panchakarma therapy, indian music therapy, yoga therapy, jyotish
service, ayurveda course, vedic management, vedic science, excursion trip and
many other therapies. Based on their vast knowledge in Panchkarma and Ayruveda,
they can diagnose different types of health and mental problems well in advance
and help their clients to take measures to prevent them.
These services have the following features
that make them distinct from others:
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Work on physical, mental, social and spiritual aspect
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No side effects
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Natural remedies
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Simple to propose and put into practice
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Emphasis on preventive aspects of health
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Helps in maintenance of health
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Lasting effect
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Tried and trusted
They try to understand their client’s
problem with respect to all aspects and then come to a conclusion about
recommending the most beneficial and effective therapies for them that are
adapted according to the individual qualities of any person.
Modus Operandi
They have established a fully furnished
Ayurveda Bhawan in Rhishikesh, the holy and beautiful city. Leveraging on their
team of Ayurvedic experts and other physicians, they follow a systematic
approach to provide their services. Their flexible and well tested
methodologies are outlined below:
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Meeting the clients
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Understanding their problems and apprehensions
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Diagnosis of their problem
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Recommending the appropriate solution
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Enlighten them with the benefits and procedures of various therapies
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Assessment of cost and time involved in the procedure
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Starting the therapy
Through time to
time evaluation of the results of the therapies, they keep on improving their
services to make sure that their clients get maximum benefit in minimum time.
Domain Expertise
They have known to provide most effective
and beneficial therapeutic services to their clients spread across the globe.
Their therapies are absolutely natural and enhance the immune system through
stimulation of the natural processes of the body. They also have expertise in
combining latest techniques with traditional methods in order to help in mental
healing and balance. Although they make use of various therapies like dance and
music, Vedic systems, Yoga and other forms but they hold specialization in
Ayurvedic and Panchakarma therapies. They also use latest techniques such as
method of form plastic with polypropylene treads in order to provide skin
rejuvenation therapy, besides natural and herbal methods. Their expertise in
practicing therapies that is effective on natural healing system of the body is
very helpful in healing emotional as well as physical problems. Perfect for
regeneration of energy their Panchakarma therapies create a state of mental
equilibrium in various individuals.
Experts
They are operating with the support of well
educated physicians and Indian doctors (Vaidyas) who have years of experience
in their field. They are the alumni of some of the best universities of
India. Moreover they have acquired special training from best institutions in
Kerala in Ayurvedic Panchakarma treatments and have vast practical experience
in the field of Maharishi Ayurveda. In order to provide their services to
various individuals and work with people of different origin and countries,
they have traveled a lot across the world. They also have a team of Panchakarma
technicians who have in-depth knowledge about Ayurveda and perform their
practice with utmost dedication. With the help of their talents and expertise,
they have treated thousands of patients across the globe. In addition to that
their management and guest relation team works competently under the able
guidance of experts from Indian and abroad and also provide them time to time
training regarding their job profile. Their therapies and other treatments are
executed in Ayurveda Bhavan at
Rishikesh that is running under their organization that is well managed by
their entire team.
Customer
Satisfaction
They commenced their operations in order to
service the mankind by their Ayurvedic and Panchakarma based threpeutic
services. Their services are specially designed to provide complete relief to
their clients from physical as well as mental problems. They are concerned with
every little aspects of the life that has a negative effect on the everyday
life. They assure that their therapies will provide maximum benefit in minimum
time and are also helpful in diagnosis and treatment of various ailments and
mental imbalances. So feel free to contact us and they will provide the best solutions
after thoroughly understanding the problems and other issues.
Owing to their world class Ayurvedic
therapeutic services, they have acquired a special position in the heart of
their customers. Their services have become a rage among their clients due to
the following features of their organization:
·
Friendly and peaceful ambience of the Ayurveda Bhavan
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Efficacious and lasting results
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Economical and practicle solutions
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Team of knowledgeable Vaidyas, physicians and Ayurvedic experts
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Customer oriented and flexible approach
·
In depth knowledge of traditional and latest therapies
Services
- Panchakarma
Therapy
- Indian
Music Therapy
- Yoga
Therapy
- Jyotish
Service
- Ayurveda
Course
- Vedic
Management
- Vedic
Science
- Excursion
Trip
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.72 |
|
UK Pound |
1 |
Rs.82.17 |
|
Euro |
1 |
Rs.65.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
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 |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
27 |
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 |
|