MIRA
INFORM REPORT
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Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TRIVENI MEDICAL SYSTEM PRIVATE LIMITED |
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Registered
Office : |
B-6, 2nd and 3rd Floor, Local Shopping Centre,
Vivekanand Puri, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
23.02.2009 |
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Com. Reg. No.: |
55-187861 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U51909DL2009PTC187861 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Distributor of Radio Logical Equipments. |
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No. of Employees
: |
Approximately 16 (In Office) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Triveni Medical System, a partnership
concern started in the year 2003. Trade relations are reported as fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with some caution.
Profit and loss account of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Ranbir Balbir Singh |
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Designation : |
Director |
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Contact No.: |
91-9818724242 |
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Date : |
21.06.2011 |
LOCATIONS
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Registered Office : |
B-6, 2nd and 3rd Floor, Local Shopping Centre,
Vivekanand Puri, |
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Tel. No.: |
91-11-23694519 |
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Mobile No.: |
91-9818724242 (Ranbir Balbir
Singh) |
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Fax No.: |
91-11-23694519 |
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E-Mail : |
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Website : |
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Area : |
2 Floor of 1000 sq ft each |
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Location : |
Owned |
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Associates : |
Located at: v
v
Jaipur v
v
Haryana v
Latur |
DIRECTORS
As on 20.08.2010
|
Name : |
Mr. Rajeev Chetanya Prakash
Gupta |
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Designation : |
Whole Time Director |
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Address : |
2664, Kailash Nagar, |
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Date of Birth/Age : |
01.06.1969 |
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Qualification : |
Engineer |
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Date of Appointment : |
23.02.2009 |
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DIN No.: |
02088106 |
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Name : |
Mr. Ranbir Balbir Singh |
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Designation : |
Director |
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Address : |
H.No.1090/138, St. No.3, Vinod Nagar, Near
DCM, Hisar – 125 001, |
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Date of Birth/Age : |
28.05.1956 |
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Qualification : |
Engineer |
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Date of Appointment : |
23.02.2009 |
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DIN No.: |
02117552 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.08.2010
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Names of Shareholders |
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No. of Shares |
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Rajeev Gupta |
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5000 |
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Ranbir Singh |
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5000 |
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Total |
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10000 |
As on 20.08.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Distributor of Radio Logical Equipments. |
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Products : |
v
ClarUs v
Trolly |
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Agencies Held : |
v
Subir Bio Medical v
Telemed |
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Exports : |
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Countries : |
v
v
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Imports : |
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Countries : |
v
v
v
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Terms : |
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Selling : |
Draft |
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Purchasing : |
T/T |
GENERAL INFORMATION
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Suppliers : |
v Anika Medi Systems – Noida v Medical Solution v Surabi Biomedical Instrumi (Comibatore) v Vinatech Medical System Private Limited v
Cardiomiel System – v Lok Priya Diagnostic Centre - Uttar Pradesh v Shree Ganesh Cheritable |
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Customers : |
Hospitals v
Asin Services Private Limited – v Oxymed Incorporation v
Radha Surgical Private Limited – v
v
J.K.Engineering Works - Noida |
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No. of Employees : |
Approximately 16 (In Office) |
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Bankers : |
Punjab National Bank, Gandhi Nagar Branch, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Pramod Manoj and Associates Chartered Accountants |
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Address : |
E-36/ 102, |
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Income-tax
PAN of auditor or auditor's firm : |
AAKFP2052M |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(0.138) |
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NETWORTH |
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(0.038) |
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LOAN FUNDS |
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1] Secured Loans |
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0.499 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.499 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.461 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.746 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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3.264 |
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Sundry Debtors |
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0.564 |
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Cash & Bank Balances |
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2.068 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.280 |
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Total
Current Assets |
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6.176 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors & Other Current Liabilities |
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6.439 |
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Provisions |
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0.067 |
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Total
Current Liabilities |
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6.506 |
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Net Current Assets |
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(0.330) |
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MISCELLANEOUS EXPENSES |
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0.045 |
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TOTAL |
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0.461 |
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PROFIT & LOSS
ACCOUNT
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Particulars |
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31.03.2011 (Approximately) |
31.03.2010 (Approximately) |
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Sales Turnover |
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15.000 |
12.000 |
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The above information has been parted by Ranbir Balbir Singh (Director).
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
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(184.34) |
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Current Ratio (Current Asset/Current Liability) |
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0.95 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
During the year
the company has incurred a loss of Rs.0.105 million which is proposed to transfer
to balance sheet.
TRADE REFERENCES:
v
Master Medical Private Limited,
v
General Mediequips, Haryana
FIXED ASSETS:
v
Car-Spark
v
Car-Verna
v
Invertor
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.93 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.64.21 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
3 |
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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 |
2 |
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--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 |
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 |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
26 |
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 |
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 |
|
- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.