|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAQUET MEDICAL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
II and III Floor, ‘Mehta Trade Centre’, No.1, Shivaji Colony, Plot
No.94, CTS no. 306, Andheri East, Mumbai – 400099, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
30.01.2004 |
|
|
|
|
Com. Reg. No.: |
144317 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH2004PTC144317 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22263D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM8545J |
|
|
|
|
Legal Form : |
Private limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier of Medical Equipment and Devices |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 702052 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
II and III Floor, ‘Mehta Trade Centre’, No.1, Shivaji Colony, Plot
No.94, CTS no. 306, Andheri East, Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-40692100 |
|
Fax No.: |
91-22-40692151 |
|
E-Mail : |
|
|
|
|
|
Branch : |
South Regional Office: Old No 27 New No 57A, Ground Floor Zubi Manor 7th Avenue Ashok Nagar, Chennai – 600083, Tamilnadu, India |
|
Tel. No.: |
91-44-45022046 |
|
Fax No.: |
91-44-45022047 |
DIRECTORS
AS ON 27.05.2011
|
Name : |
Mr. Michael Rieder |
|
Designation : |
Director |
|
Address : |
Linden Strasse 20 Huegelsheim, Germany |
|
Date of Birth/Age : |
02.10.1952 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA
PRIVATE LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
Name : |
Mr. Thomas Schneider |
|
Designation : |
Director |
|
Address : |
Dr. Schleyer Strasse 18 Rastatt, Germany |
|
Date of Birth/Age : |
09.12.1965 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA
PRIVATE LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
Name : |
Mr. Reinhard Josef Mayer |
|
Designation : |
Director |
|
Address : |
Im Naegele 29 Lahar, Germany |
|
Date of Birth/Age : |
05.09.1967 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA PRIVATE
LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
Name : |
Mr. Purushotham Mahavadi |
|
Designation : |
Director |
|
Address : |
Schlesische Strasse 8G, Stockelsdorf, Germany |
|
Date of Birth/Age : |
09.04.1954 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02423KA2004PTC033518 |
MEDICAL SENSORS INDIA
PRIVATE LIMITED |
Director |
04/03/2004 |
04/03/2004 |
23/06/2011 |
Active |
NO |
|
2 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA
PRIVATE LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
3 |
U74140MH2007PTC167135 |
ORBITAK INDIA PRIVATE
LIMITED |
Director |
28/09/2007 |
25/01/2007 |
- |
Active |
NO |
|
4 |
U36932KA2009PTC051557 |
BALLISTIC SAFETY SYSTEMS
TECHNOLOGY INDIA PRIVATE LIMITED |
Director |
19/11/2009 |
19/11/2009 |
- |
Active |
NO |
|
Name : |
Mr. Ashim Shashikant Purohit |
|
Designation : |
Director |
|
Address : |
1 Vishwadhar Natwar Nagar, Jogeshwari East, Mumbai – 400060,
Maharashtra, India |
|
Date of Birth/Age : |
29.09.1968 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA
PRIVATE LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
Name : |
Mr. Prabhat Rastogi |
|
Designation : |
Director |
|
Address : |
C-801, Whispering Palms Xxclus, Ives Lokhandwala Town Kandivali East,
Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1958 |
|
Date of Appointment : |
26.03.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33110MH2004PTC144317 |
MAQUET MEDICAL INDIA
PRIVATE LIMITED |
Director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Maquet Holding AB, Sweden |
|
495000 |
|
Maquet GMBH and Company KG, Germany |
|
5000 |
|
Total |
|
500000 |
AS ON 27.05.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier of Medical Equipment and Devices |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Not Divulged |
|||||||||
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|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountant |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar – 400099, Maharashtra,
India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Note: of the above 495000 shares are held by Maquet Holdings AB,
Sweden, the holding Company
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
170.513 |
107.476 |
32.657 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
175.513 |
112.476 |
37.657 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
15.279 |
34.735 |
52.812 |
|
|
TOTAL BORROWING |
15.279 |
34.735 |
52.812 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
190.792 |
147.211 |
90.469 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.868 |
7.663 |
9.424 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
4.291 |
5.602 |
4.692 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.115
|
85.295 |
74.028 |
|
|
Sundry Debtors |
290.233
|
313.534 |
230.382 |
|
|
Cash & Bank Balances |
57.695
|
55.569 |
36.692 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
38.907
|
33.533 |
36.455 |
|
Total
Current Assets |
508.950
|
487.931 |
377.557 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
208.920
|
213.810 |
204.712 |
|
|
Other Current Liabilities |
47.772
|
36.412 |
36.011 |
|
|
Provisions |
80.625
|
103.763 |
60.481 |
|
Total
Current Liabilities |
337.317
|
353.985 |
301.204 |
|
|
Net Current Assets |
171.633
|
133.946 |
76.353 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
190.792 |
147.211 |
90.469 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1013.503 |
900.968 |
677.465 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
882.510 |
750.952 |
648.034 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
130.993 |
150.016 |
29.431 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
44.711 |
51.875 |
16.569 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
86.282 |
98.141 |
12.862 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
172.56 |
196.28 |
25.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
8.51
|
10.89 |
1.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.00
|
30.29 |
7.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.75
|
1.33 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.01
|
3.45 |
9.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
1.38 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office address of the company
has been shifted from 102, Pressman House 70a,Nehru Road
Vile Parle (E), Mumbai – 400099, Maharashtra,
India to present address w.e.f. 21.02.2008
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
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.51.65 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.