MIRA
INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SREE GOKULAM HEALTHCARE PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.09.2005 |
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Com. Reg. No.: |
18-057459 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U51507TN2005PTC057459 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Supplier of Healthcare Equipments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B [29] |
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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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USD 13000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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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 but correct. 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
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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 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-44-24721994 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Dhanya Complex, |
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Tel - Fax No.: |
91-484-2402408 |
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E-Mail : |
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Branch Office 1 : |
No: 125, 1st Floor, 13th A, Main Road, Behind State Bank
of |
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Tel. No.: |
91-80-32941577 |
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Branch Office 2 : |
No.3, Trunk Road, Karambakkam, Porur, Chennai - 600 116, |
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Tel. No.: |
91-44-23860649 |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Gopalan Ambalathil Meethal |
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Designation : |
Director |
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Address : |
No.11, |
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Date of Appointment : |
12.09.2005 |
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DIN : |
00971249 |
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Other Directorship : |
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Name : |
Mr. Dineshan Chathu |
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Designation : |
Director |
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Address : |
Mangalayam Iringal [PO], |
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Date of Appointment : |
12.09.2005 |
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DIN : |
01234680 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Gopalan Ambalathil Meethal |
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5490 |
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Dineshan Chathu |
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4510 |
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Total |
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10000 |
As on 30.09.2011
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Equity Share
Break Up Category |
Percentage |
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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 : |
Supplier of Healthcare Equipments. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
The Federal Bank Limited, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chandran and Raman Chartered Accountants |
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Address : |
No.2, Paragon, Dr. Radhakrishnan Salai, |
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Tel. No.: |
91-44-28474667 / 28474775 |
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Fax No.: |
91-44-28473665 |
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E-Mail : |
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PAN : |
AAAFC3239R |
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Enterprises over
which individuals and their relatives exercise significant influence concerns
of individuals and their relatives : |
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CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.100/- 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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10,000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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Particulars |
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 |
1.000 |
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2] Share Application Money |
0.100 |
0.100 |
0.100 |
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3] Reserves & Surplus |
2.260 |
2.223 |
1.692 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.360 |
3.323 |
2.792 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
8.152 |
2.691 |
3.494 |
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TOTAL BORROWING |
8.152 |
2.691 |
3.494 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
11.512 |
6.014 |
6.286 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.181 |
1.125 |
1.094 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.096 |
0.038 |
0.024 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.381
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4.385 |
4.996 |
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Sundry Debtors |
9.233
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5.683 |
5.966 |
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Cash & Bank Balances |
3.589
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3.023 |
1.375 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
2.000
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1.477 |
1.224 |
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Total
Current Assets |
25.203
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14.568 |
13.561 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
14.765
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9.660 |
7.912 |
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Other Current Liabilities |
0.000
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0.000 |
0.000 |
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Provisions |
0.203
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0.057 |
0.481 |
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Total
Current Liabilities |
14.968
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9.717 |
8.393 |
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Net Current Assets |
10.235
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4.851 |
5.168 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
11.512 |
6.014 |
6.286 |
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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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Income |
41.049 |
41.511 |
43.725 |
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Other Income |
1.180 |
1.076 |
1.320 |
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TOTAL (A) |
42.229 |
42.587 |
45.045 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
42.166 |
41.804 |
43.478 |
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Advertising Expenses |
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TOTAL (B) |
42.166 |
41.804 |
43.478 |
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PROFIT / [LOSS]
BEFORE TAX (E-F) (G) |
6.300 |
0.783 |
1.567 |
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Less |
TAX (H) |
2.600 |
0.252 |
0.605 |
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PROFIT / [LOSS]
AFTER TAX (G-H) (I) |
3.700 |
0.531 |
0.962 |
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IMPORTS |
NA |
15.331 |
15.352 |
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Earnings/[Loss]
Per Share (Rs.) |
3.70 |
53.06 |
96.25 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
8.76
|
1.25 |
2.13 |
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(PBT/Sales) |
(%) |
15.35
|
1.89 |
3.58 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
23.88
|
4.99 |
10.69 |
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Return on Investment (ROI) (PBT/Networth) |
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1.87
|
0.23 |
0.56 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.88
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3.73 |
4.26 |
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Current Ratio (Current Asset/Current Liability) |
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1.68
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1.50 |
1.61 |
LOCAL AGENCY FURTHER INFORMATION
Financial
Performance :
The Company has made a name for itself in the field of
sourcing and supply of healthcare equipments. The turnover of the company for
the year ended 31.03.2011 amounted to Rs 41.049 millions. After working
expenses and depreciation the Company earned a profit of Rs. 6.300 millions A
sum of Rs.7.700 millions was provided towards the income tax. The Net Profit
after tax amounted to Rs.3.700 millions.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10032870 |
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Corporate identity
number of the company |
U51507TN2005PTC057459 |
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Name of the
company |
SREE GOKULAM
HEALTHCARE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
No.66 (Old
No.356), |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
The Federal Bank Limited, Email : ekmk@federalbank.co.in
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Nature of
description of the instrument creating or modifying the charge |
Agreement Dated 29.01.2009 |
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Date of
instrument Creating the charge |
29.01.2009 |
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Amount secured by
the charge |
Rs.15.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- As determined by the Bank from time to time Terms of
Repayment - As determined by the Bank from time to time Margin - As
determined by the Bank from time to time Extent and
Operation of the charge - Hypothecation of Company's assets as security for
the loans sanctioned along with interest and other dues thereon |
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Short particulars
of the property charged |
a. The whole of
the Goods, Produce, Merchandise and any other stocks as per annexure
attached. b. All the
borrower's present and future book debts, outstanding moneys receivable,
claims etc |
|
Particulars of
the present modification |
On 29.1.2009 the existing
LC limit of Rs.7.500 millions was enhanced to Rs.15.000 millions. The securities
mentioned in column 14 were extended to the enhanced LC limit of Rs.15.000
millions |
FIXED ASSETS :
- Furniture and
Fittings
- Computer
- Office
Equipments
- Motor Car
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.49.50 |
|
|
1 |
Rs.77.73 |
|
Euro |
1 |
Rs.65.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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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.