MIRA
INFORM REPORT
|
Report Date : |
08.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
KNIGHT MEDICARE |
|
|
|
|
Registered Office : |
210, Ground Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
2004 |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Trader of Pharmaceutical product line. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established Proprietory concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealing at usual
trade terms and conditions. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Moloy Ghosh |
|
Designation : |
Proprietor |
|
Contact No : |
91-9830485980 |
|
Date : |
03.03.2011 |
LOCATIONS
|
Registered Office /Factory : |
210, Ground Floor, |
|
Tel. No.: |
91-33-25343426 |
|
Mobile No : |
91-9830485980 (Mr. Moloy Ghosh) |
|
Fax No.: |
91-33-25342307 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branches : |
|
SOLE PROPRIETOR
|
Name : |
Mr. Moloy Ghosh |
|
Designation : |
Proprietor |
|
Address : |
210, Ground Floor, |
|
Date of Birth/Age : |
23-09-1979 |
|
Qualification : |
Graduate |
|
Experience : |
9 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharmaceutical product line. |
|
|
|
|
Products : |
Pharmaceuticals ·
Undertake third patry manufacturing under
schedule M ·
Prescription Drugs ·
Over-the-counter products ·
Medical supplies ·
Medical Hardware ·
Bulk (Raw Materials) ·
Repackaging Commodities ·
Rice ·
Sugar ·
Pulses ·
Red Lentils ·
Spices ·
HMS 1 and 2 Generic Products ·
Analgesic ·
Antibiotics ·
Viagra |
|
|
|
|
Brand Names : |
Knight Medicare |
|
|
|
|
Exports : |
|
|
Product : |
Formulation and Raw Material |
|
Countries : |
·
East European Countries ·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 days / 60 days / 90 days) |
|
Purchasing : |
Cash, Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Customers : |
·
Manufacturers ·
Wholesalers ·
Retailers ·
End Users ·
OEM’s ·
Others ·
Sunrise Remedies Private Limited ·
Swiss Pharma ·
Cipla ·
Lupin Limited ·
Ranbaxy ·
Sun Pharmaceuticals ·
·
J L Robinson Global Trading Company, ·
Bhuman Minerals ·
Robock Trading ·
Echelon Enterprises, |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
·
Bank of ·
HSBC Bank, Kolkata, ·
Axis Bank |
|
Facility : |
- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Ashok Bhattacharya Chartered Accountants. |
|
Address: |
Kolkata, West Bengal, India |
|
|
|
|
Group company : |
Knight Trading Company Address : 210, Ground Floor, Alliances : Knight Trading Company has strong alliances with the
following manufacturers and traders for providing prompt services to the
valued clients.
|
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 1.500 millions (Approximately) |
|
Borrowed : |
-- |
|
Total : |
Rs. 1.500 millions (Approximately) |
FINANCIAL DATA
|
Particulars |
|
31.03.2010 |
31.03.2009 |
|
Sales Turnover (group) |
|
10.000 |
9.000 |
Expected Sales (2010-2011) : Rs.125.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
·
Echelon Enterprises, USA
·
Lupin Limited
·
Bengal Chemicals
Website details:
Corporate Profile
Knight Group is a thriving business conglomerate having active interests in the
field of Trading, Importing and Exporting of Pharmaceuticals and Commodities
respectively and along with that its into Healthcare Services as well. Over the
past 3 (Three) years Knight Group of companies have grown their business
offerings by maintaining a reliable and affordable services across the world
with its good connections all over. Knight Group is truly a diversifying its
businesses across the world. Their growing customer base includes 25 clients
worldwide. In India Knight Group have offices in Mumbai, Surat and Ahmadabad
and Kolkata. Their world headquarters is in Lake Town, Kolkata, India. Knight
Group has evolved into an Export and Import based business divisions with a
focus on providing Reliable and Quality services as well as healthcare
services. Their services are enhanced by their efficient and trustworthy
workforce.
Objective of Knight Medicare
Subject was formed to provide cheap
and quality products to their Esteemed Customers. The symbol of
"Knight" was selected to reflect the Strength and Reliability of
providing essential services required by the Clients.
Associations:
Subject has an association with a leading Merchant Account Processing Company
in the USA Called Universal Processing Inc. With the help of their associates
they can help their clients to get merchant account for their online services.
Subject is also associated with a trading house in
The company facilitates the buying and selling of a wide range of superior
grade of pharmaceuticals, commodities and healthcare products in
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.13 |
|
|
1 |
Rs.73.36 |
|
Euro |
1 |
Rs.63.06 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.