MIRA
INFORM REPORT
|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
3, Dr. G C Narang Marg, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
14.09.1988 |
|
|
|
|
Com. Reg. No.: |
55-033176 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 95.193 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1988PLC033176 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE02584B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture, Exporter of Sterile Medical Devices for Blood Collection,
Intravenous Therapy and Monitoring, and Non – Sterile Respiratory Products. |
|
|
|
|
No. of Employees
: |
1800 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management of the company has failed to file its financials with the
government department after 2010. Trade relations are reported as fair. Business is active. Payment
terms are unknown. The company can be considered for business dealings with some caution. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Agency Name |
Rating |
|
CARE |
D |
LOCATIONS
|
Registered Office / Admin Office : |
3,
Dr. G. C. Narang Marg, Delhi – 110 007, India |
|
Tel. No.: |
91-11-27662915/ 16/ 27667131/ 27667734/ 27667845 |
|
Fax No.: |
91-11-27667395/27667361 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory
1 : |
Plot No - 195, 196 / 205, 206 Phase-I Udyog Vihar, Gurgaon
- 122016 |
|
Tel.
No.: |
91-124-5001831/34 |
|
Fax
No.: |
91-124-5001835 |
|
E-Mail : |
|
|
|
|
|
Factory
2 : |
Plot No - 292, Phase-II, Udyog
Vihar, Gurgaon – 122016, |
|
Tel.
No.: |
91-124-5001842 |
|
Fax
No.: |
91-124-5001843 |
|
|
|
|
Export Enquiries: : |
|
|
Tel.
No.: |
91-11-27662915/16, 27667131/734/845 |
|
Fax
No.: |
91-11-27667361/395 |
|
|
|
|
Domestic Sales Queries: |
|
|
Tel.
No.: |
91-11-27662905, 27667131/734/845 |
|
Fax
No.: |
91-11-27667361/395 |
|
|
|
|
Career Queries: |
|
|
|
|
|
Technical Queries: |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Karun Raj Narang |
|
Designation : |
Managing Director |
|
Address : |
699-A, First Floor, Sector – 14, Gurgaon – 110 021, |
|
Date of Birth/Age : |
19.11.1964 |
|
Date of Appointment : |
25.08.2001 |
|
DIN No : |
00334723 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999DL1988PLC033176 |
EASTERN
MEDIKIT LIMITED |
Director |
27/06/2011 |
25/05/2001 |
Active |
NO |
|
2 |
U24100DL2008PLC178466 |
PACIFIC
MEDIKIT LIMITED |
Director |
22/05/2008 |
22/05/2008 |
Active |
NO |
|
Name : |
Mr. Raghunath Rai Kumar |
|
Designation : |
Director |
|
Address : |
2B, 1st Floor, Rang Udyan, Sitla Devi, Mahim, Mumbai – 400
016, |
|
Date of Birth/Age : |
15.11.1925 |
|
Date of Appointment : |
27.09.1996 |
|
Date of Cessation : |
15.03.2012 |
|
DIN No : |
00261227 |
|
|
|
|
Name : |
Mr. Mohinder Paul |
|
Designation : |
Director |
|
Address : |
C – 394, Vikas Puri, |
|
Date of Birth/Age : |
16.04.1942 |
|
Date of Appointment : |
16.12.2000 |
|
DIN No : |
00166222 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909DL1981PTC012671 |
INKAM
ENTERPRISES PRIVATE LIMITED |
Director |
10/02/1994 |
10/02/1994 |
Active |
NO |
|
2 |
U74899DL1994PLC061701 |
EASTERN
SECURITIES LIMITED |
Director |
03/09/1995 |
03/09/1995 |
Active |
NO |
|
3 |
U74999DL1988PLC033176 |
EASTERN
MEDIKIT LIMITED |
Director |
16/12/2000 |
16/12/2000 |
Active |
NO |
|
4 |
U74899DL1988PTC030962 |
SAVARIYA
INVESTMENTS PRIVATE LIMITED |
Director |
14/05/2007 |
14/05/2007 |
Active |
NO |
|
5 |
U72200DL2007PTC172077 |
PACE
INFOWAYS PRIVATE LIMITED |
Director |
31/12/2007 |
31/12/2007 |
Strike
off |
NO |
|
6 |
U24100DL2008PLC178466 |
PACIFIC
MEDIKIT LIMITED |
Director |
22/05/2008 |
22/05/2008 |
Active |
NO |
|
7 |
U24233DL2008PTC179080 |
EASTERN
SURGICAL DISPOSABLES PRIVATE LIMITED |
Director |
04/06/2008 |
04/06/2008 |
Active |
NO |
|
|
|
|
Name : |
Mr. Prakash Gopichand Ramrakhaini |
|
Designation : |
Director |
|
Address : |
Plot No.154, Sector – 8, Ghandi Nagar – 382 008, |
|
Date of Birth/Age : |
25.11.1940 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00027900 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L15140GJ1991PLC016151 |
GUJARAT
AMBUJA EXPORTS LIMITED |
Director |
08/03/2003 |
08/03/2003 |
- |
Active |
NO |
|
2 |
U74999DL1988PLC033176 |
EASTERN
MEDIKIT LIMITED |
Director |
31/03/2003 |
31/03/2003 |
- |
Active |
NO |
|
3 |
U74999DL1988PTC032224 |
ZETA
INVESTMENTS PRIVATE LIMITED |
Additional
director |
17/10/2008 |
17/10/2008 |
01/12/2008 |
Active |
NO |
|
4 |
L55100GJ1983PLC006278 |
GANDHINAGAR
HOTELS LIMITED |
Director |
30/08/2010 |
08/03/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Deepak Gupta |
75 |
|
N.K. Dua |
90 |
|
Kamal Sharma |
10 |
|
Administrator of The Specified UIndertaking of the UTI- |
1110000 |
|
UTI- Unit linked insurance Plan |
320000 |
|
Stock Holding Corporation of |
340000 |
|
D.S.P. Financial Consultants Limited |
18000 |
|
Malathi Naryan |
500 |
|
Pradeep Dokania Jointly with Anita Dokania |
500 |
|
Nitya Ramaswami Jointly with T. R Ramaswami |
500 |
|
Alka Nikhil Kapadia Jointly with Nikhil Kapadia |
500 |
|
D K Sharma |
500 |
|
|
500 |
|
Ashuthosh Bishnoi and Rama Bishnoi |
500 |
|
Sudev Sarkar Jointly with Anin Dita Sarkar |
500 |
|
Sanjay Gupta Jointly with Amrija Sho Dhan |
500 |
|
Jyoti Vardhan Jaipuria |
500 |
|
Saumil Jardan Trivedi and Jagruti Saumit Trivedi |
500 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Public financial
companies |
18.78 |
|
Bodies corporate |
80.99 |
|
Directors or relatives of Directors |
0.11 |
|
Other top fifty shareholders |
0.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Exporter of Sterile Medical Devices for Blood Collection,
Intravenous Therapy and Monitoring, and Non – Sterile Respiratory Products. |
|
|
|
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Medical Devices |
Nos. |
190000000 |
-- |
|
Neede |
Nos. |
175000000 |
146584300 |
|
Dies, Mould and Machines |
Nos. |
192 |
-- |
|
I.V. Cannula |
Nos. |
-- |
99958348 |
|
Blood Bags |
Nos. |
-- |
3118666 |
|
Others |
Nos. |
-- |
38133897 |
|
Dies, Moulds and Machines |
Nos. |
-- |
45 |
|
Rubber Closer |
Nos. |
-- |
119828494 |
|
Rubber Sleeve |
Nos. |
-- |
5784800 |
|
Silicone Tube |
Nos |
-- |
12293680 |
|
S S Pipe |
Mtr |
-- |
183917 |
|
Components of Medical Disposable |
Nos. |
-- |
10728100 |
GENERAL INFORMATION
|
No. of Employees : |
1800 (Approximately) |
|||||||||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
Notes: 1.
Term loans from PNB are secured by first pari
passu charge on all movable and immovable assets, both present and future and
subject to the change created on specified movable assets for working capital
loans and guaranteed by chairman and managing director Shri K R Narang and
also guaranteed by M/s Inkam Enterprises Private Limited as subsidiary
company and also secured by equitable mortgage of Land and Building at Udyog
Vihar of the Book Value of Rs. 32.445 millions. 2.
Cash credit are secured by way of hypothecation
of Raw Material, finished and Semi finished goods, store and spares, bills receivables,
book debts and all other movable present and future and guaranteed by
Chairman and Managing Director Shri. K R Narang and also guaranteed by M/s
Inkam Enterprises Private Limited a subsidiary company. 3.
Other laons are secured by hypothecation of
specific vehicle and plant and machinery of the aggregate written down.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Basant Ram and Sons Chartered Accountants |
|
Address : |
A-18, Nizamuddin East, Murli Marg, |
|
Tel. No.: |
91-11-24353037 / 41825679 |
|
|
|
|
Subsidiaries : |
Inkam Enterprises Private Limited CIN No.: U31909DL1981PTC012671 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9519300 |
Equity Shares |
Rs.10/- each |
Rs. 95.193 Millions |
|
|
|
|
|
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 |
95.193 |
95.193 |
95.193 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
456.839 |
447.218 |
502.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
552.032 |
542.411 |
597.193 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
362.994 |
376.318 |
397.050 |
|
|
2] Unsecured Loans |
14.330 |
14.499 |
11.094 |
|
|
TOTAL BORROWING |
377.324 |
390.817 |
408.144 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
929.356 |
933.228 |
1005.337 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
333.867 |
407.120 |
424.480 |
|
|
Capital work-in-progress |
0.000 |
2.742 |
4.788 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.247 |
5.247 |
5.247 |
|
|
DEFERREX TAX ASSETS |
13.924 |
13.116 |
0.781 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
311.307
|
306.890
|
321.955
|
|
|
Sundry Debtors |
414.059
|
380.234
|
319.967
|
|
|
Cash & Bank Balances |
32.575
|
39.581
|
32.860
|
|
|
Other Current Assets |
1.090
|
1.366
|
5.728
|
|
|
Loans & Advances |
93.100
|
158.037
|
127.618
|
|
Total
Current Assets |
852.131
|
886.108 |
808.128 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
187.722
|
216.622 |
183.920 |
|
|
Other Current Liabilities |
15.914
|
25.422
|
7.885
|
|
|
Provisions |
97.796
|
142.532
|
122.595
|
|
Total
Current Liabilities |
301.432
|
384.576 |
314.400 |
|
|
Net Current Assets |
550.699
|
501.532
|
493.728
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
ADVANCE FOR FIXED ASSETS |
25.619 |
3.471 |
76.313 |
|
|
|
|
|
|
|
|
TOTAL |
929.356 |
933.228 |
1005.337 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1316.503 |
1344.642 |
1148.455 |
|
|
|
Other Income |
31.230 |
25.828 |
35.486 |
|
|
|
TOTAL (A) |
1347.733 |
1370.470 |
1183.941 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Valuation Excise duty on Finished Goods / Scraps in Hand |
0.528 |
(1.203) |
0.615 |
|
|
|
Material |
418.599 |
441.725 |
470.152 |
|
|
|
Cost of Traded Goods Purchased |
82.814 |
81.352 |
27.801 |
|
|
|
Manufacturing |
98.160 |
92.443 |
102.716 |
|
|
|
Personnel |
439.697 |
414.820 |
369.286 |
|
|
|
Increase/ Decrease in Stock |
(2.934) |
24.138 |
(21.313) |
|
|
|
Administration |
186.241 |
247.300 |
156.549 |
|
|
|
TOTAL (B) |
1223.105 |
1300.575 |
1105.806 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
124.628 |
69.895 |
78.135 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
45.973 |
54.788 |
48.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
78.655 |
15.107 |
29.344 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.285 |
69.721 |
86.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.370 |
[54.614] |
[57.491] |
|
|
|
|
|
|
|
|
|
Less |
PAST PERIOD ADJUSTMENTS |
5.557 |
2.710 |
5.298 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.192 |
[2.542] |
[1.059] |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
9.621 |
[54.782] |
[61.730] |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
606.046 |
661.027 |
562.242 |
|
|
|
Other Earnings |
0.000 |
0.000 |
2.010 |
|
|
TOTAL EARNINGS |
606.046 |
661.027 |
564.252 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
38.565 |
67.818 |
57.125 |
|
|
|
Stores & Spares |
41.013 |
42.287 |
0.674 |
|
|
|
Capital Goods |
0.000 |
0.398 |
42.337 |
|
|
|
Trading Material |
31.739 |
33.694 |
13.626 |
|
|
TOTAL IMPORTS |
111.317 |
144.197 |
113.762 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.01 |
(5.75) |
(6.48) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.24
|
(3.99)
|
(5.21)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.40
|
(4.06)
|
(5.01)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.53
|
(4.22)
|
(4.66)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
(0.10)
|
(0.10)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.23
|
1.42
|
1.21
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.83
|
2.30
|
2.57
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
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 |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
FORM 8
|
Corporate
identity number of the company |
U74999DL1988PLC033176 |
|
Name of the
company |
EASTERN
MEDIKIT LIMITED |
|
Address of the registered
office or of the principal place of
business in |
3, Dr. G C Narang Marg, Delhi – 110 007, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Union Bank of India, Industrial Finance Branch, M-11, 1st
Floor, Connaught Circus, New Delhi – 110001, India E-Mail: ifbcp@unionbankofindia.com |
|
Nature of
instrument creating charge |
Memorandum of deposit of title deed |
|
Date of
instrument Creating the charge |
20.04.2011 |
|
Amount secured by
the charge |
Rs. 540.000 |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per
respective Bank Instructions/RBI guidelines from time to time. Terms of
repayment As
per respective Bank Instructions/RBI guidelines from time to time. Margin As
per respective Bank Instructions/RBI guidelines from time to time. Extent and
operation of the charge Pari
passu first charge on the property bearing No. 206 Phase I, Udyog Vihar,
Gurgaon Together with buildings and structures |
|
Short particulars
of the property charged (Including location of the property) |
Land
and building with all the fixed assets/ fixtures on Plot No. 206,Phase I
situated at Udyog Vihar, Gurgaon, Haryana measuring 1000 square metres |
|
Charge
identification number of the charge to be modified |
80020821 |
|
Particulars of
the present modification |
Equitable
Mortgage of Plot No. 206, Phase I, Udyog Vihar, Gurgaon along with all
fixtures/fitments for securing the Fund/Non Fund based Credit facilities of
Rs. 540.000 millions and or other facilities sanctioned/to be sanctioned by
the consortium led by Union Bank of India. |
FIXED ASSETS:
- Land (Freehold)
- Buildings
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Software
WEB SITE DETAILS
PROFILE
The objective of providing affordable high quality health care services worldwide,
led to the foundation of Medikit in 1988. Since then subject has been the
forerunner in the field of Medical consumables manufacturing and exports
worldwide. Their quality consciousness has made them the preferred partner of
their prestigious clients the world over. A dedicated work force with strong
markets ethics ensures them to keep moving ahead. A dedicated Research and
Development department is continuously improving their existing know how
through finding means and ways of incorporating newer technologies and advanced
materials to increase the care and safety of healthcare staff and patients.
Their wealth of experience gained across a wide range of disciplines
such as Medical Devices and Medical Disposables helps them to ensure the
achievement of this sole objective of theirs.
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. 56.01 |
|
|
1 |
Rs. 86.89 |
|
Euro |
1 |
Rs. 67.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.