BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
MICRO
ELECTRONICS MEDICINES PRIVATE LIMITED |
Principal Name 1 |
MR. KALYAN MOY CHAKRAVARTY |
|
Status |
DORMANT |
Principal Name 2 |
MR. A.N. CHAKRAVARTY |
|
|
|
Registration # |
094842 |
|
Street Address |
BLOCK B, POCKET B, NO-26A,
(BB-26A), JANAKPURI, |
||
|
Established Date |
06.07.1998 |
SIC Code |
-- |
|
Telephone# |
91-11-25997424 |
Business Style 1 |
MANUFACTURE |
|
Fax # |
91-11-25997424 |
Business Style 2 |
FABRICATE |
|
Homepage |
Product Name 1 |
PHYSIOTHERAPY |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
OCCUPATIONAL |
|
Paid up capital |
RS.146,020/- |
Product Name 3 |
SPORTS MEDICINES |
|
Shareholders |
NOT AVAILABLE |
Banking |
CENTRAL BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
13 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2006 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
453,000
|
Current Liabilities |
399,000
|
|
Inventories |
87,000
|
Long-term Liabilities |
0,000 |
|
Fixed Assets |
112,000 |
Other Liabilities |
5,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
404,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
17,000 |
|
|
|
Net Worth |
253,000 |
|
Total Assets |
657,000 |
Total Liab. & Equity |
657,000 |
|
Total Assets (Previous Year) |
292,000 |
|
|
|
P/L Statement as of |
31.03.2006 |
(Unit: Indian Rs.) |
|
|
Sales |
116,000 |
Net Profit |
11,000 |
|
Sales(Previous yr) |
352,000 |
Net Profit(Prev.yr) |
(2,000) |
MIRA
INFORM REPORT
|
Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
MICRO ELECTRONICS MEDICINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block B, Pocket B, No-26A, (BB-26A),
Janakpuri, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2006 |
|
|
|
|
Date of
Incorporation : |
06.07.1998 |
|
|
|
|
Com. Reg. No.: |
094842 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.146 million
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900DL1998PTC094842 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture design and fabricate the equipments of Physiotherapy, Occupational
and Sports Medicines. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dormant |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
As per government, the status of the company shown as ‘Dormant’. The
management has not filed the financials of the company with the government
departments after 2006 and denied to disclose the same. Payment terms are
unknown. Initially, the company can be considered for business dealings on a
safe and secured 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 |
LOCATIONS
|
Registered Office : |
Block B, Pocket B, No-26A,
(BB-26A), Janakpuri, |
|
Tel. No.: |
91-11-25997424 |
|
Fax No.: |
91-11-25997424 |
|
E-Mail : |
kalian@microelectronicsmedicines.com Careers: career@microelectronicsmedicines.com Marketing and
Sales: sales@microelectronicsmedicines.com
|
|
Website : |
|
|
|
|
|
Sales and Service Office : |
C-12/3, Ganesh Nagar, Near Tilak Nagar, |
DIRECTORS
|
Name : |
Mr. Kalyan Moy Chakravarty |
|
Designation : |
Director |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Amarnath Chakravarty Chakravarty |
|
Designation : |
Director |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Manufacture design and fabricate the equipments of Physiotherapy,
Occupational and Sports Medicines. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Central Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
PKM Garg and Company Chartered Accountants |
|
Address : |
D-10, Lower Ground Floor, Kailsh Colony, |
|
Income-tax
permanent account number (PAN) of auditor or auditor's firm : |
AABCP1640B |
CAPITAL STRUCTURE
As on 31.06.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14602 |
Equity Shares |
Rs.10/- each |
Rs.0.146
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.146 |
0.146 |
0.146 |
|
|
2] Share Application Money |
0.090 |
0.090 |
0.000 |
|
|
3] Reserves & Surplus |
0.017 |
0.006 |
0.009 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.253 |
0.242 |
0.155 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.253 |
0.242 |
0.155 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.112 |
0.052 |
0.058 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.087
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.027
|
0.026 |
0.000 |
|
|
Cash & Bank Balances |
0.168
|
0.144 |
0.021 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
0.258
|
0.063 |
0.093 |
|
Total
Current Assets |
0.540
|
0.233 |
0.114 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors & Other Current Liabilities |
0.399
|
0.050 |
0.026 |
|
|
Provisions |
0.005
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.404
|
0.050 |
0.026 |
|
|
Net Current Assets |
0.136
|
0.183 |
0.088 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.005 |
0.007 |
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
0.253 |
0.242 |
0.155 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.116 |
0.352 |
0.469 |
|
|
|
Other Income |
0.347 |
0.198 |
0.053 |
|
|
|
TOTAL (A) |
0.463 |
0.550 |
0.522 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
0.073 |
0.201 |
0.321 |
|
|
|
Selling & Administrative Expenses |
0.365 |
0.344 |
0.195 |
|
|
|
TOTAL (B) |
0.438 |
0.545 |
0.516 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.025 |
0.005 |
0.006 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.002 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.023 |
0.004 |
0.005 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.007 |
0.006 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.016 |
(0.002) |
0.005 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.005 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.011 |
(0.002) |
0.003 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.007 |
0.009 |
0.005 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Reserve & Surplus |
0.018 |
0.007 |
0.008 |
|
|
BALANCE OF
RESERVES CARRIED TO THE B/S |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.75 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
2.38
|
(0.36) |
0.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.79
|
(0.57) |
1.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.45
|
(0.70) |
2.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
(0.01) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.60
|
0.21 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
4.66 |
4.38 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The financial year saw the company re-engineer its business model which
in hindsight has added to top line and bottom line.
FIXED ASSETS:
v Furniture
v Fittings
v Computers
v Machinery and Office Equipment
v Air Conditioner
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.49.62 |
|
|
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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.