MIRA
INFORM REPORT
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Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SUHITAS PHARMACEUTICALS INC |
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Registered Office : |
3rd |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.11.2004 |
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Com. Reg. No.: |
CS200407335 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Marketing of health care products |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
GBP 10,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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B1 |
B1 |
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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 |
IDENTIFICATION
EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Sales turnover: |
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Main activities: |
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Employees: |
REGISTRY DATA
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Key
Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth. |
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Registry status: |
CREDIT RECOMENDATION
Current Credit Limit: GBP
10,000
MANAGEMENT & STAFF
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Name: |
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Name: |
Lilian V Khadka |
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Job Title: |
Vice President |
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Name: |
Robert James Kay |
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Job Title: |
Vice President |
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Name: |
Harshika Sharma |
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Job Title: |
Director |
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Name: |
Joseph Shelner N. Songco |
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Job Title: |
Company Secretary |
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Name: |
Hitesh Sharma |
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Job Title: |
Treasurer |
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Staff |
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No of employees |
BOARD OF DIRECTORS / OTHER
APPOINTMENTS
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Name: |
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Board function: |
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ID Number: |
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Address: |
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Biography: |
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Name: |
Lilian V Khadka |
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Board function: |
Vice President |
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ID Number: |
118-693-916 |
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Address: |
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Biography: |
Filipino |
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Name: |
Robert James Kay |
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Board function: |
Vice President |
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ID Number: |
104-475-524 |
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Address: |
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Biography: |
Canadian |
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Name: |
Harshika Sharma |
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Board function: |
Director |
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ID Number: |
E-1469023 |
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Address: |
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Biography: |
Indian |
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Name: |
Joseph Shelner N. Songco |
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Board function: |
Company Secretary |
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ID Number: |
167-170-408 |
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Address: |
300 Valero Plaza, |
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Biography: |
Filipino |
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Name: |
Hitesh Sharma |
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Board function: |
Treasurer |
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ID Number: |
194-013-494 |
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Address: |
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Biography: |
Indian |
LEGAL FILINGS
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Bankruptcy
Filings: |
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Court
Judgements: |
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Tax Liens: |
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Other: |
SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
Shareholders/Owners
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How Listed |
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Name: |
Hitesh Sharma |
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% of shares: |
32.49% |
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Address: |
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Name: |
Robert James Kay |
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% of shares: |
4% |
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Address: |
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Name: |
Harshika Sharma |
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% of shares: |
2.5% |
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Address: |
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Name: |
Sudarshan K. Khadka |
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% of shares: |
1% |
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Address: |
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Name: |
Joseph Shelner N. Songco |
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% of shares: |
0.01% |
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Address: |
300 Valero Plaza, |
PAYMENTS
GROUP STRUCTURE & AFFILIATED
COMPANIES
CORPORATE AFFILIATIONS
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Comments |
The Subject is
in the initial stages of starting up another company solely for marketing purposes. |
FINANCIAL ACCOUNTS
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Description |
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Required to
file: |
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Source: |
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Presentation: |
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Date of
accounts: |
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Type of
accounts: |
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Currency: |
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Exchange rate: |
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Summarised |
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Period: |
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Sales turnover: |
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Gross profit: |
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Profit before
tax: |
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Profit after
tax: |
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Non-current
assets: |
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Current assets: |
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Total assets: |
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Current
liabilities: |
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Non-current
liabilities: |
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Shareholders'
equity: |
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Financial Ratios
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31-12-2010 |
31-12-2009 |
Trend |
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PROFITABILITY
[%] |
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Gross Margin |
37.93% |
36.44% |
4.09 % |
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Gross Profit / Revenue * 100 |
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Operating
Margin |
N/A |
N/A |
N/A |
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Operating Income / Revenue * 100 |
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Net Profit
Margin |
5.35% |
4.62% |
15.8 % |
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Profit After Tax / Revenue * 100 |
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Return On
Equity (ROE) |
46.13% |
-158.76% |
129.06 % |
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Profit After Tax / Equity * 100 |
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Return On
Assets (ROA) |
4.07% |
4.23% |
-3.78 % |
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Profit After Tax / Total Assets * 100 |
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Return On
Investment (ROI) |
65.91% |
-226.8% |
129.06 % |
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Profit Before Tax / Equity *
100 |
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EFFICIENCY [%] |
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Asset
Turnover |
76.07% |
91.57% |
-16.93 % |
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Revenue / Total Assets * 100 |
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Inventory
Turnover |
N/A |
N/A |
N/A |
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Revenue ./ Inventory * 100 |
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LIQUIDITY [%] |
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Current
Ratio (CR) |
159.68% |
188.11% |
-15.11 % |
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Current Assets ./ Current
Liabilities * 100 |
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Quick
Ratio (QR) |
N/A |
N/A |
N/A |
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(Current Assets – Inventory) ./
Current Liabilities * 100 |
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DEBT [%] |
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Debt
Ratio |
91.18% |
102.68% |
-11.2 % |
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Total Liabilities ./ Total Assets *
100 |
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Long-Term
Debt Ratio |
394.57% |
-1963.71% |
120.09 % |
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Long-Term Liabilities ./ Equity *
100 |
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FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
NOTES & COMMENTS
INVESTIGATIVE NOTES
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Sources: |
Interviews and material provided by the
Subject Other official and local business sources |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.34 |
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1 |
Rs.73.69 |
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Euro |
1 |
Rs.65.75 |
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 |
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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-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.