MIRA
INFORM REPORT
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Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
S S TECHNOMED PRIVATE LIMITED |
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Registered Office : |
20 LSC, F-Block, Ashok Vihar, Phase – I, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
29.01.2004 |
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Com. Reg. No.: |
55 -124367 |
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Capital Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company
Identification No.] |
U51507DL2004PTC124367 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS31557B |
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PAN No.: [Permanent
Account No.] |
AAICS0561K |
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Legal Form : |
A Private Limited Liability Company |
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Line of Business : |
Manufacturer and
Exporter of Medical Equipments. |
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No. of Employees
: |
40 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 : |
USD 4300 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, 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
cautions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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. Pradeep S |
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Designation : |
Account Department |
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Contact No.: |
91-120-2696390 |
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Date : |
09.11.2011 |
LOCATIONS
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Registered Office : |
20 LSC, F-Block, Ashok Vihar, Phase – I, |
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Tel. No.: |
91-11-47081332/47018337 |
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Mobile No.: |
91-9811098577 (Mrs. Bhavna Sharma) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
A-128, A-4, |
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Tel. No.: |
91-120-2696390/2696391 |
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Fax No.: |
91-120-2696390/2696391 |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Naveen Sharma |
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Designation : |
Director |
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Address : |
D-50, Phase-1, Ashok Vihar, Phase-I, |
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Date of Birth/Age : |
24.04.1973 |
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Date of Appointment : |
29.01.2004 |
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DIN No.: |
02136527 |
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Name : |
Mrs. Bhavana Sharma |
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Designation : |
Director |
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Address : |
D-50, Phase-1, Ashok Vihar, Phase-I, |
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Date of Birth/Age : |
26.03.1974 |
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Date of Appointment : |
29.01.2004 |
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DIN No.: |
01658958 |
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Name : |
Mrs. Subhadra Sharma |
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Designation : |
Director |
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Address : |
D-50, Phase-1, Ashok Vihar, Phase-I, |
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Date of Birth/Age : |
10.06.1938 |
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Date of Appointment : |
29.01.2004 |
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DIN No.: |
01658941 |
KEY EXECUTIVES
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Name : |
Mr. Pradeep S |
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Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.07.2011
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Names of Shareholders |
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No. of shares |
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Bhawana Sharma |
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21300 |
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Navneen Sharma |
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25000 |
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Subhadra Sharma |
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53700 |
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Total
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100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
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Category |
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Percentage of Holding |
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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 and
Exporter of Medical Equipments. |
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Products : |
·
Infant Care ·
Air and Instrument ·
Operation Theatre Equipments ·
Medical Monitoring System ·
Foetal Doppler ·
Surgery Equipment ·
Oxygen Therapy System ·
Infusion Pump ·
Warming System ·
Hospital Products ·
Medical Disposables |
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Exports : |
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Products : |
Medical Equipment |
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Countries : |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Hospitals |
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No. of Employees : |
40 (Approximately) (In Office + In Factory) |
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Bankers : |
·
Kotak Mahindra ·
HDFC Bank ·
Standard Chartered Bank ·
IDBI Bank ·
Canara Bank ·
Oriental Bank of Commerce |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Rajiv Bansal and Associates Chartered Accountants |
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Address : |
506, Prabhat Kiran, |
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Tel No.: |
91-11-41538009 |
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Fax no.: |
91-11-41538009 |
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PAN No.: |
AAPPB7730B |
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Membership : |
ISO 9001 : 2000 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- Each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- Each |
Rs.1.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.000 |
1.000 |
0.101 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.074 |
0.022 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.009) |
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NETWORTH |
1.074 |
1.022 |
0.092 |
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LOAN FUNDS |
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1] Secured Loans |
2.409 |
2.758 |
3.082 |
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2] Unsecured Loans |
0.000 |
0.900 |
1.875 |
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TOTAL BORROWING |
2.409 |
3.658 |
4.957 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.483 |
4.680 |
5.049 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.464 |
1.355 |
1.393 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.246 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.279
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3.889
|
2.034
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Sundry Debtors |
4.203
|
1.996
|
1.549
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Cash & Bank Balances |
(0.108)
|
0.394
|
0.773
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
1.180
|
1.405
|
1.515
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Total
Current Assets |
7.554
|
7.684 |
5.871
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
4.714
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3.923
|
2.101
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Other Current Liabilities |
1.109
|
0.554
|
0.285
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Provisions |
0.030
|
0.014
|
0.028
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Total
Current Liabilities |
5.853
|
4.491 |
2.414
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Net Current Assets |
1.701
|
3.193 |
3.457
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MISCELLANEOUS EXPENSES |
0.072 |
0.132 |
0.199 |
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TOTAL |
3.483 |
4.680 |
5.049 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Turnover |
18.081 |
10.537 |
8.972 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.344 |
0.289 |
0.254 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.256 |
0.243 |
0.241 |
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PROFIT / (LOSS)
BEFORE TAX |
0.088 |
0.046 |
0.013 |
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Less |
TAX |
0.030 |
0.015 |
0.029 |
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PROFIT / (LOSS)
AFTER TAX |
0.058 |
0.031 |
(0.016) |
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TOTAL EARNINGS |
5.022 |
1.167 |
0.691 |
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Earnings /
(Loss) Per Share (Rs.) |
0.58 |
0.31 |
(1.58) |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.49
|
0.44
|
0.14
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.98
|
0.51
|
0.19
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Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.05
|
0.14
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Debt Equity Ratio (Total Liability/Networth) |
|
7.69
|
7.97
|
80.12
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Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.71
|
2.43
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LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
YES |
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2) Locality of the firm |
YES |
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3) Constitutions of the firm |
YES |
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4) Premises details |
YES |
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5) Type of Business |
YES |
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6) Line of Business• |
YES |
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7) Promoter’s background |
-- |
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8) No. of employees |
YES |
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9) Name of person contacted |
YES |
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10) Designation of contact person |
YES |
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11) Turnover of firm for last three years |
YES |
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12) Profitability for last three years |
NO |
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13) Reasons for variation <> 20% |
NO |
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14) Estimation for coming financial year |
NO |
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15) Capital in the business |
YES |
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16) Details of sister concerns |
NO |
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17) Major suppliers |
NO |
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18) Major customers |
YES |
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19) Payments terms |
YES |
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20) Export / Import details (if applicable) |
YES |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
YES |
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24) Banking facility details |
NO |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
NO |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
TRADE REFERENCES:
·
FIXED ASSETS:
·
Car
·
Computer
·
Cycle
·
Dies
·
Office Equipment
·
Furniture and Fixture
·
Tools
·
Generator
·
·
Fan
·
Fire Extinguisher
·
Microwave
·
Stabilizer
·
UPS
·
Machinery
·
Printer
·
Water Equipment
·
CCT Camera
·
Mobile Phone
·
Weigh Machine
·
Air Condition
WEBSITE DETAILS:
Subject is
They have consistently pioneered in ushering the latest and the safest
technology for the medical industry. It has been their strict policy to choose
and offer products which lay emphasis on both quality and workmanship. Latest
technology coupled with excellent post sales service is their USP and has
greatly helped them in outnumbering their competitors thereby enjoying a major
market share in the industry.
Spread across 9,000 sq. feet area, the company has a state of the art factory
complete with latest machinery, a separate R and D department, Testing room , a
team of professionals to give the customers required technical support, a
marketing team to reach out to people in and outside India. Regular Research
and Development ensures new models, latest technology and innovative products
for the prospective clients. To reach out to customers with a dedicated
approach and an honest contribution to the society is the ultimate aim of
subject. With a team of quality control managers who monitor every step of the
production process the company ensures that defects, if any are removed at the
initial stages itself and only flawless products are delivered to the
customers.
Being ISO- 9001-2000 compliant, strict quality norms are followed to ensure
proper quality checks as well as smooth operation of the dedicated fast growing
company which has definitely helped them in gaining prominent market status in
India as well as overseas.
Subject believes in rapid revolutionary changes along with
gradual evolutionary changes thus perpetually staying ahead adhering to its
motto of Quality, Workmanship and Aesthetics. Keeping this in account the
products are adequately CE Certified.
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.50.56 |
|
|
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
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 |
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.