MIRA
INFORM REPORT
|
Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ATULAYA HEALTHCARE PRIVATE LIMITED |
|
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Registered
Office : |
SCO 112-113, Madhya Marg, Sector 8-C, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.05.2008 |
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Com. Reg. No.: |
031221 |
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Capital
Investment / Paid-up Capital : |
Rs.34.500 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U85195CH2008PTC031221 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLA13456C |
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PAN No.: [Permanent Account No.] |
AAHCA1551G |
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Legal Form : |
Private Limited Liability company |
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Line of Business
: |
Providing Diagnostics Services, Ultra Sound Services etc. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 140928 |
|
|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
appears to be low. However, trade relations are reported as fair. Business Is
active. Payments are reported to be slow.
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
SCO 112-113, Madhya Marg, Sector 8-C, |
|
Tel. No.: |
91-172-4558888 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pankaj Kansil |
|
Designation : |
Director |
|
Address : |
# 3038, Sector 20-D, |
|
Date of Birth/Age : |
21.09.1971 |
|
Date of Appointment : |
08.05.2008 |
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 |
U21011CH1994PTC014939 |
ASSOCIATED CONES PVT LTD |
Whole-time director |
18/08/1994 |
18/08/1994 |
- |
Active |
NO |
|
2 |
U30009CH1998PTC021989 |
KONARK INFOTECH PRIVATE
LIMITED |
Director |
30/11/1998 |
30/11/1998 |
- |
Active |
NO |
|
3 |
U24233CH1994PTC015286 |
MUKUL SALES PRIVATE
LIMITED |
Director |
25/08/2005 |
25/08/2005 |
- |
Active |
NO |
|
4 |
U85195CH2008PTC031221 |
ATULAYA HEALTHCARE PRIVATE
LIMITED |
Director |
08/05/2008 |
08/05/2008 |
- |
Active |
NO |
|
5 |
U85195CH2011PTC033288 |
STEADFAST HEALTHCARE
PRIVATE LIMITED |
Director |
29/09/2011 |
29/09/2011 |
- |
Active |
NO |
|
Name : |
Mr. Anuj Gupta |
|
Designation : |
Director |
|
Address : |
# 391, Sector 30-A, |
|
Date of Birth/Age : |
08.10.1971 |
|
Date of Appointment : |
08.05.2008 |
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 |
U24233CH1994PTC015286 |
MUKUL SALES PRIVATE
LIMITED |
Director |
30/09/2003 |
30/09/2003 |
- |
Active |
NO |
|
2 |
U85195CH2008PTC031221 |
ATULAYA HEALTHCARE PRIVATE
LIMITED |
Director |
08/05/2008 |
08/05/2008 |
- |
Active |
NO |
|
3 |
U85195CH2011PTC033288 |
STEADFAST HEALTHCARE
PRIVATE LIMITED |
Director |
29/09/2011 |
29/09/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Shareholders
Name |
No.
of shares |
|
Pankaj Kansil |
255000 |
|
Anuj Gupta |
305000 |
|
Dinesh Kansil |
240000 |
|
Gopal Mittal |
120000 |
|
Sukant Kansil |
150000 |
|
Sukant Kansil (HUF) |
100000 |
|
Prem Lata Kansil |
45000 |
|
Vijay Gupta |
300000 |
|
Ram Murti Aggarwal |
195000 |
|
Rachna Mittal |
40000 |
|
Vivek Kansil |
250000 |
|
Mukul Sales Private Limited, |
1430000 |
|
Total |
3430000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
10.69 |
|
Directors or relatives of Directors |
58.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Diagnostics Services, Ultra Sound Services etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India, SSI Branch, Industrial Area, Phase VII, Mohali - 160055, Punjab, India ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
R K Deepak and Company Chartered Accountant |
|
Address : |
H No 3232, Sector 15-D, Chandigarh – 600015, Union Territory, India |
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Subsidiaries : |
Mukul Sales Private Limited CIN No.: U24233CH1994PTC015286 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3430000 |
Equity Shares |
Rs.10/- each |
Rs.34.300
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
34.300 |
34.300 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.932 |
0.483 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.232 |
34.783 |
1.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
86.582 |
33.033 |
0.000 |
|
|
2] Unsecured Loans |
36.206 |
8.007 |
7.100 |
|
|
TOTAL BORROWING |
122.788 |
41.040 |
7.100 |
|
|
DEFERRED TAX LIABILITIES |
3.284 |
1.939 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
161.304 |
77.762 |
8.100 |
|
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
55.212 |
58.899 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
94.363 |
75.963 |
14.646 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.328
|
0.169 |
0.000 |
|
|
Sundry Debtors |
2.533
|
2.653 |
0.000 |
|
|
Cash & Bank Balances |
1.108
|
2.913 |
0.000 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.090 |
|
|
Loans & Advances |
12.381
|
1.726 |
0.000 |
|
Total
Current Assets |
16.350
|
7.461 |
0.090 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
64.224 |
6.850 |
|
|
Other Current Liabilities |
4.749
|
0.508 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
4.749
|
64.732 |
6.850 |
|
|
Net Current Assets |
11.601
|
(57.271) |
(6.760) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.128 |
0.171 |
0.214 |
|
|
|
|
|
|
|
|
TOTAL |
161.304 |
77.762 |
8.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
42.995 |
17.222 |
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
0.449 |
0.484 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.62
|
3.04 |
13.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.44
|
0.12 |
0.01 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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) |
-- |
|
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 |
FORM 8:
|
Corporate identity number of the company |
U85195CH2008PTC031221 |
|
Name of the company |
ATULAYA HEALTHCARE PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
SCO 112-113, Madhya Marg, Sector 8-C,
Chandigarh – 160018, India |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts Immovable Property Movable Property |
|
Particular of charge holder |
State Bank of India |
|
Nature of instrument creating charge |
Agreement of Loan Cum Hypothecation |
|
Date of instrument Creating the charge |
26/02/2011 |
|
Amount secured by the charge |
Rs.79.300 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest 6.75% above Base Rate i.e. present effective
rate is 15.00% Terms of Repayment Term Loan outstanding of Rs. 7,43,00,000/-
is payable in 60 installments, 1st 9 Installments of Rs. 0.200 Million, next
12 Installment of Rs. 0.900 Million , next 12 Installments of Rs. 1.300
Millions, next 12 Installments of Rs. 1.500 Millions , next 12 Installment of
Rs. 1.800 Millions and last 3 Installment of Rs. 2.400 Millions each. The
first Installment to commence on July 2010 and the last Installment falls due on June
2015. CC (Book Debts) of Rs. 5.000 Millions
repayable on demand. Margin CC (Book Debts) - 40% Term Loan - As per Existing Terms. Extent and Operation of the charge 100% Others The loan facility as follows:- Term Loan (O/S) Rs. 74.300 Millions Cash Credit (Book Debts) Rs. 5.000 Millions
-------------------- Total Rs. 79.300 Millions
--------------------- |
|
Short particulars of the property charged |
Prime Security: 1st charge by way of
hypothecation of present and future fixed assets and all current assets.
Collateral Security: a) Extension of charge by equitable mortgage of House
No. 391, Sector 31A, Chandigarh measuring 566.50 sq. yards. A three storey
construction (ground, first and second floor) with covered area o f4750 sq.
ft held in the name of Sh. Ram Murti Aggarwal. b) Extension of charge by
Equitable Mortgage of shop No. B-1/137 and 138 having plot area 559 sq ft
situated at Sadar Bazar, Near Railway
Station, Barnala in the name of Sh. Pankaj Kansil S/o Sh. Prem Chand Kansil
registered at the Office of Sub Registrar Barnala at Sr. No. 1648, Bahi No.
1, Jild 0, Page 0 on 11.06.2009 bounded east: Kamal Kishore, West: Sukant
Kansil, North Nohar Chand and South 13 feet street. c) Extension of charge by
Equitable mortgage of Shop No. B-1/140 having plot area 559 sq ft situated at
Sadar Bazar, Near Railway Station, Barnala in the name of Sh. Vivek Kansil
S/o Sh Prem Chand Kansil registered at the Office of Sub Registrar Barnala at
Sr. No.1647, Bahi No. 1,Jild 0,Page 0 on
11.06.2009 bounded east: Sukant Kansil, West: Prem Lata, North Nohar
Chand and South 13 feet street. d)
Extension of charge by Equitable Mortgage of shop No. B-1/139 having
plot area 559 sq ft situated at Sadar
Bazar, Near Railway Station, Barnala in the name of Sh. Sukant Kansil S/oSh
Prem Chand Kansil registered at the Office of Sub Registrar Barnala at Sr.
No.1646, Bahi No. 1,Jild 0,Page 0 on 11.06.2009 bounded east: Pankij Kansil,
West: Vivek Kansil, North Nohar Chand and South 13 feet street. e) Extension
of Charge by equitable mortgage with first charge on factory land and
building situated at Village siadpura, tehsl derabassi, distt. Mohali in the
name of Assocated Cones Private Limited Corporate Guarantee by Mukul Sales
Private Limited and Associated Cones
Private Limited |
|
Particulars of the present modification |
The Present Limits are as Below: Term Loan ( Outstanding) = Rs. 74.300
Millions CC (Book Debts) New = Rs. 5.000 Millions
-------------------------
Total
= Rs. 79.300 Millions ------------------------- |
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.55.91 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.