1. Summary Information
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|
|
Country |
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Company Name |
DASHMESH SONAIL HEALTHCARE PRIVATE LIMITED |
Principal Name 1 |
Mr. Devindar Singh Sodhi |
|
Status |
Small Company |
Principal Name 2 |
Mr. Harminder Singh Sodhi |
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|
|
Registration # |
11-106737 |
|
Street Address |
403, Satyam 1, Wing A, Raheja Complex, Malad [East], Mumbai – 400097, |
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Established Date |
20.03.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-28390059 |
Business Style 1 |
Manufacturer. |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Surgical Consumables |
|
# of employees |
Not Available |
Product Name 2 |
Disposable Devices |
|
Paid up capital |
Rs.490,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B [29] |
|
Related
Company |
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Relation
|
Country
|
Company
Name |
CEO |
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- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,681,000 |
Current Liabilities |
1,756,000 |
|
Inventories |
3,171,000 |
Long-term Liabilities |
5,819,000 |
|
Fixed Assets |
225,000 |
Other Liabilities |
656,000 |
|
Deferred Assets |
0 |
Total Liabilities |
8,231,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
1,756,000 |
|
|
|
Net Worth |
2,846,000 |
|
Total Assets |
11,077,000 |
Total Liab. & Equity |
11,077,000 |
|
Total Assets (Previous Year) |
9,839,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Turnover |
18,591,000 |
Net Profit |
435,000 |
|
Turnover (Previous yr) |
14,972,000 |
Net Profit(Prev.yr) |
519,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.01.2012 |
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Tel. No.: |
91 22 2839 0059 |
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Fax No.: |
91 22 2842 1165 |
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E-Mail : |
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Note 1 : Correct name of
the company is ‘DASHMESH SONAIL HEALTHCARE PRIVATE LIMITED’
Note 2 : Given Address of
the company could not be confirmed
IDENTIFICATION DETAILS
|
Name : |
DASHMESH SONAIL HEALTHCARE PRIVATE LIMITED |
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|
|
|
Registered
Office : |
403, Satyam 1, Wing A, Raheja Complex, Malad [East], Mumbai – 400097, |
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Country : |
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|
|
|
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Financials (as
on) : |
31.03.2010 |
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|
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Date of Incorporation
: |
20.03.1997 |
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|
|
|
Com. Reg. No.: |
11-106737 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.490 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1997PTC106737 |
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|
|
|
IEC No.: |
0397019254 |
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PAN No.: [Permanent Account No.] |
AAACD5094N |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Supplier, and Exporter of Surgical Consumables and
Disposable Devices. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B [29] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
USD 11000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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|
Subject is a
small company in its field. Its scale of activities are limited. However,
trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can
be considered for small 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
LOCATIONS
|
Registered Office : |
403, Satyam 1, Wing A, Raheja Complex, Malad [East], Mumbai – 400097, |
|
Tel. No.: |
91-22-28390059 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Devindar Singh Sodhi |
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Designation : |
Director |
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Address : |
403, Satyam 1, Wing A, Raheja Complex, Malad [East], Mumbai – 400097, |
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Date of Birth/Age : |
27.09.1947 |
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Date of Appointment : |
20.03.1997 |
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DIN : |
02418573 |
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Other Directorship : |
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Name : |
Mr. Harminder Singh Sodhi |
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Designation : |
Director |
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Address : |
403, Satyam 1, Wing A, Raheja Complex, Malad [East], Mumbai – 400097, |
||||||||||||||||||||||||
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Date of Birth/Age : |
25.05.1978 |
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Date of Appointment : |
20.03.1997 |
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DIN : |
02458656 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Devindar Singh Sodhi |
|
24500 |
|
Harminder Singh Sodhi |
|
24500 |
|
Total |
|
49000 |
As on 28.09.2010
|
Equity Share
Break Up Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier, and Exporter of Surgical Consumables and Disposable
Devices. |
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|
|
|
Products : |
ESU Plate - Cautery Pad
|
GENERAL INFORMATION
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Customers : |
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No. of Employees
: |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jain Jain and Associates Chartered Accountants |
|
Address : |
201-B, Om Sai Niwas, Opposite Madrasi Ram Mandir, Subhash Road, Vile
Parle (East), Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-26121452 / 26121992 |
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Fax No.: |
91-22-26121451 |
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E-Mail : |
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PAN : |
AABFJ5269P |
CAPITAL STRUCTURE
As on 28.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49,000 |
Equity Shares |
Rs.10/- each |
Rs.0.490 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.490 |
0.490 |
0.490 |
|
|
2] Share Application Money |
0.600 |
0.600 |
0.600 |
|
|
3] Reserves & Surplus |
1.756 |
1.327 |
0.835 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.846 |
2.417 |
1.925 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.025 |
5.114 |
3.647 |
|
|
2] Unsecured Loans |
0.794 |
0.718 |
0.784 |
|
|
TOTAL BORROWING |
5.819 |
5.832 |
4.431 |
|
|
DEFERRED TAX LIABILITIES |
0.011 |
0.014 |
0.025 |
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|
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|
|
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TOTAL |
8.676 |
8.263 |
6.381 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.225 |
0.142 |
0.126 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
3.171
|
1.745 |
1.502 |
|
|
Sundry Debtors |
4.679
|
3.273 |
4.375 |
|
|
Cash & Bank Balances |
0.241
|
0.835 |
0.349 |
|
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Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
2.761
|
3.844 |
1.459 |
|
Total
Current Assets |
10.852
|
9.697 |
7.685 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.266 |
0.149 |
|
|
Other Current Liabilities |
1.756
|
0.726 |
0.325 |
|
|
Provisions |
0.645
|
0.584 |
0.956 |
|
Total
Current Liabilities |
2.401
|
1.576 |
1.430 |
|
|
Net Current Assets |
8.451
|
8.121 |
6.255 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
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|
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TOTAL |
8.676 |
8.263 |
6.381 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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TURNOVER |
18.591 |
14.972 |
13.985 |
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EXPENSES |
19.995 |
15.053 |
13.526 |
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PROFIT / [LOSS]
BEFORE TAX |
0.634 |
0.797 |
0.337 |
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TAX |
0.199 |
0.278 |
0.200 |
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PROFIT / [LOSS]
AFTER TAX |
0.435 |
0.519 |
0.137 |
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Earnings/[Loss]
Per Share (Rs.) |
10.07 |
10.05 |
2.80 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.34
|
3.47 |
0.98 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.72
|
8.10 |
4.31 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.33 |
0.17 |
|
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Debt Equity Ratio (Total Liability/Networth) |
|
2.89
|
3.06 |
3.04 |
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|
Current Ratio (Current Asset/Current Liability) |
|
4.52
|
6.15 |
5.37 |
LOCAL AGENCY FURTHER INFORMATION
Capital : the authorized
share capital of the company is Rs.0.500 million which is divided into 50000 equity
shares of Rs.10/- each out of which 49000 equity shares of Rs.10/- each are
issued, subscribed and paid-up unto 31.03.2010. Share application money of
Rs.0.600 million for which allotment is pending.
Financial Results
: during
the year the company has earned profit of Rs.0.635 before tax and after
depreciation of Rs.0.044 million.
Contingent
Liabilities : the sales tax officer [
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U24230MH1997PTC106737 |
|
Name of the
company |
DASHMESH SONAIL
HEALTHCARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
403 Satyam 1, Wing
A, Raheja Complex, Malad (East), Mumbai – 400097, |
|
Type of charge |
Book Debts Movable Property Others – other
assets and stock in trade |
|
Particular of
charge holder |
State Bank of India, SMECCC
Department, Bandra Kurla Complex, Mumbai - 400051, Maharashtra, India Email : mohan.joshi@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of Arrangement
and Agreement of Loan Cum Hypothecation |
|
Date of
instrument Creating the charge |
18.12.2008 |
|
Amount secured by
the charge |
Rs.5.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Interest at the rate of 0.25% above SBAR i.e. 13.25% p.a. Terms of
Repayment - repayable on demand Margin - 35%
value of mortgage property Extent and
Operation of the charge - The charge shall operate to the extent of the sanctioned
amount of Rs.5.500 millions together with the interest, expenses and dues
thereon. The Company had
created charge by way of hypothecation of Stock in Trade and Receivables. The
Company has also offered additional collateral security by way of Equitable
Mortgage of immovable property, as described in the Letter of Arrangement. |
|
Short particulars
of the property charged |
The Company has
sanctioned the Demand Cash Credit limit totaling to Rs.5.500 millions. The
Company had created charge by way of hypothecation of Stock in Trade and
Receivables. The Company has also offered additional collateral security by
way of Equitable Mortgage of immovable property, as described in the Letter
of Arrangement. |
FIXED ASSETS :
§
Furniture and Fixtures
§
Computer
§
Fax Machine
§
Bottle Die
§
Air Conditioner
§
EPABX Systems
§
Mobile Phones
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 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.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.