MIRA
INFORM REPORT
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Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPREME SUPPLIERS |
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Registered Office : |
8, Radha Kunj, Juhu Church Road, Juhu, Mumbai – 400049, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Exporter of Medical and Healthcare Products |
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 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. 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. Jayesh Vora |
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Designation : |
Proprietor |
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Date : |
13.10.2008 |
LOCATIONS
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Registered Office : |
8, Radha Kunj, Juhu Church Road, Juhu, Mumbai – 400049, Maharashtra,
India |
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Tel. No.: |
91-22-26256760 / 61 / 26231137 |
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Fax No.: |
91-22-26256763 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. ft. [Owned] |
SOLE PROPRIETOR
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Name : |
Mr. Jayesh Vora |
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Designation : |
Proprietor |
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Date of Birth/Age : |
44 Years |
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Qualification : |
B. Sc. |
BUSINESS DETAILS
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Line of Business : |
Exporter of Medical and Healthcare Products |
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Products : |
·Antiallergy
and Anti Fungal Drugs ·Blood Pressure, Cardiovascular And Cholesterol
Control Drugs ·Muscle
Relaxers And Pain Relief Medicines ·Antiviral
Medicines, Antibiotic Drugs ·Migraine,
Anti Depressants ·Asthma Control, Respiratory And Stop Smoking Drugs ·Men's
Health And Anti Diabetes Drugs ·Women's
Health And Birth Control Drugs ·Skin Care,
Hair Care And Weight Loss Drugs ·Anti
Convulsants And Diuretics ·Nausea
& Vomiting And Gastrointestinals
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Exports : |
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Products : |
Medical and Healthcare Products |
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Countries : |
North and South America, Eastern Europe, South East Asia, Oceania,
Middle East and Africa |
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Terms : |
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Selling : |
L/C, Advance Payment |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
18 |
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Bankers : |
ABN Amro, Juhu Branch |
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Facilities : |
The concern donot enjoy facility from it’s banker. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Pradip Kapadia and Company Chartered Accountants |
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Associates/Subsidiaries : |
A.D. Corporation
Address : Vile Parle, Mumbai Activities : Medicines Suppliers to Defence |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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20.000 |
Expected Sales (2008-09) : Rs. 50.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT / TIN : 27640388460 |
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IEC Code : 0302070630 |
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PAN / TAN : AAIPVS426H |
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Bank Name : ABN Amro |
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Bank Address : Juhu |
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Bank A/c. No.: 757472 |
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Account Since : 5 Years |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -- |
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AS PER WEBSITE
Concern is a
exporter catering to medical fraternity since 1991. It is a company dealing in medical and surgical products such as generic
medicine, pharmaceutical formulation etc. The medical division deals in
the widest range of finished medicines manufactured in India by companies like
Cipla, Ranbaxy, Dr. Reddy's, Sun Pharma, Zydus Cadila, etc they cater to
requirements of all kind of customers. From individuals ordering for personal
use to big importing companies ordering huge quantities. Supreme Suppliers is
renowned for having the widest range of medicines including anti cancer and
anti retroviral medicines. They offer generic equivalents of all the reputed
prescription medicines. However, they do not deal in controlled medicines.
Customers are offered multiple choice of brands for the each generic at very
reasonable rates. They also understand the importance of timely deliveries
hence all orders are fulfilled in minimum time period. Essentially, it is they
endeavour to relieve pain in they own little way.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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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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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
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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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