|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXCEL CARDIO CARE PRIVATE LIMITED |
|
|
|
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Registered
Office : |
53, |
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Country : |
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|
|
|
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Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
01.06.2001 |
|
|
|
|
Com. Reg. No.: |
21-093255 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.108 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397WB2001PTC093255 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Trader of Medical Equipments |
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|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. The companies
have not filed their financial details after the year 2008. As claimed by Mr.
Pranay (Accounts Executive) that company had no business activity for the
year (2009-2010) (2010-2011). Due to increase in outstanding and they have no
fund for further business activity. But recently the company had started
their commercial activity. But denied to give the financial detail. But
denied to give the financial detail of the company. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Pranay |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-33-30580910 |
|
Date : |
18.06.2012 |
LOCATIONS
|
Registered Office : |
53, Syed Amir Ali Avenue, Shivam Chambers, Suite-3B, 3rd Floor,
Kolkata-700019, West Bengal, India |
|
Tel. No.: |
91-33-30580910 / 14 |
|
Fax No.: |
91-33-30520912 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2008
|
Name : |
Mr. Tejinder Pal Singh |
|
Designation : |
Director |
|
Address : |
1D, Prince Gulam Shah Road, Kolkata-700045, West Bengal, India |
|
Date of Birth/Age : |
28.04.1972 |
|
Date of Appointment : |
01.06.2001 |
|
DIN No.: |
00168364 |
|
|
|
|
Name : |
Mr. Neeraj Joshi |
|
Designation : |
Director |
|
Address : |
33, Tollygunge, Circular Road, Kolkata, West Bengal, India |
|
Date of Birth/Age : |
22.12.1971 |
|
Date of Appointment : |
05.04.2008 |
|
DIN No.: |
01722864 |
KEY EXECUTIVES
|
Name : |
Mr. Pranay |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2008
|
Names of Shareholders |
No. of Shares |
|
Manish Rustagi |
2900 |
|
Neeraj Joshi |
3000 |
|
Tejinder Pal Singh |
1400 |
|
Kuljinder Pal Singh |
1600 |
|
Indu Saraogi |
100 |
|
Ramanand Rustagi (HUF) |
200 |
|
Murlidhar Jalan (HUF) |
100 |
|
Nalini Jalan |
100 |
|
Amit Jalan (HUF) |
100 |
|
Prakash Chand Hukunchand |
100 |
|
Vikash Agarwal |
100 |
|
Indian Coal Agency |
200 |
|
Sunita Dugar |
100 |
|
Mridula Chandak |
100 |
|
Pawan Dugar |
100 |
|
Manish Rustagi (HUF) |
100 |
|
Mahavir Prasad Agarwal (HUF) |
100 |
|
Aman Vinayak |
100 |
|
Shankar Sharma (HUF) |
100 |
|
Sona Goyal |
100 |
|
Furnatech Consultants Private Limited, India |
100 |
|
TOTAL |
10800 |
AS ON 30.09.2008
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
0.93 |
|
Directors or relatives of Directors |
87.96 |
|
Other top fifty shareholders |
11.11 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Medical Equipments. |
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Products : |
Medical Equipments |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Vijaya Bank, Clive Row |
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Facilities : |
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Banking
Relations : |
--- |
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|
|
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Auditors : |
|
|
Name : |
Manabendra Bhattacharya and Company Chartered Accountant |
|
Address : |
4, Kiran Sankar Ray Road, Kolkata-700001, West Bengal, India |
|
Pan No.: |
ADEPB9659M |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10800 |
Equity Shares |
Rs.10/- each |
Rs. 0.108
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.108 |
0.108 |
0.108 |
|
|
2] Share Application Money |
3.100 |
1.300 |
0.000 |
|
|
3] Reserves & Surplus |
0.055 |
0.059 |
0.109 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.263 |
1.467 |
0.217 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.140 |
0.660 |
3.035 |
|
|
TOTAL BORROWING |
0.140 |
0.660 |
3.035 |
|
|
DEFERRED TAX LIABILITIES |
0.002 |
0.003 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
3.405 |
2.130 |
3.256 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.016 |
0.023 |
0.034 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.005 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.119 |
1.285 |
|
|
Sundry Debtors |
1.181
|
0.735 |
4.605 |
|
|
Cash & Bank Balances |
0.462
|
0.324 |
0.054 |
|
|
Other Current Assets |
1.650
|
1.650 |
0.000 |
|
|
Loans & Advances |
0.096
|
0.091 |
0.475 |
|
Total
Current Assets |
3.389
|
2.919 |
6.419 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.021
|
0.077 |
3.023 |
|
|
Other Current Liabilities |
0.003
|
0.759 |
0.139 |
|
|
Provisions |
0.005
|
0.005 |
0.040 |
|
Total
Current Liabilities |
0.029
|
0.841 |
3.202 |
|
|
Net Current Assets |
3.360
|
2.078 |
3.217 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.024 |
0.024 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.405 |
2.130 |
3.256 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.159 |
1.180 |
13.577 |
|
|
|
Other Income |
0.005 |
0.322 |
0.460 |
|
|
|
TOTAL (A) |
0.164 |
1.502 |
14.037 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
0.000 |
0.000 |
6.998 |
|
|
|
Administrative and Other Expenses |
0.034 |
0.269 |
1.224 |
|
|
|
Preliminary Expenses Written Off |
0.000 |
0.006 |
0.004 |
|
|
|
Increase / (Decrease) in Stock |
0.119 |
1.166 |
5.042 |
|
|
|
TOTAL (B) |
0.153 |
1.441 |
13.268 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.011 |
0.061 |
0.769 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.009 |
0.073 |
0.737 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.002 |
(0.012) |
0.032 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.007 |
0.011 |
0.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(0.005) |
(0.023) |
0.015 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.001) |
0.027 |
0.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.004) |
(0.050) |
(0.009) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.059 |
0.109 |
0.118 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.055 |
0.059 |
0.109 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.37) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
(2.44)
|
(3.33) |
(0.06) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.14)
|
(1.95) |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.15)
|
(0.78) |
0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.00)
|
(0.02) |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.05
|
1.03 |
28.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
116.86
|
3.47 |
2.00 |
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. Constructions 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 |
Yes |
|
10. Designation of contact person |
Yes |
|
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 |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
NOTE
Registered office has been shifted from 44/D, Pratapditya Road, P S
Tollygunge, Kolkata-700026, West Bengal, India to the present address w.e.f.
26.03.2007.
FIXED ASSETS
·
Furniture and Fixtures
·
Office Equipments
·
Mobile Phone
·
Computer
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. 55.85 |
|
|
1 |
Rs. 87.93 |
|
Euro |
1 |
Rs. 70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
NO |
|
--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 |
|
27 |
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.