MIRA
INFORM REPORT
|
Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAXCARE MEDICAL SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6 Park End, Second Floor, Vikas Marg, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
|
|
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|
Date of
Incorporation : |
02.01.2008 |
|
|
|
|
Com. Reg. No.: |
55-172154 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.996 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110DL2008PTC172154 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM16096D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM3921N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Medical and Surgical Equipments |
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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 |
|
Maximum Credit Limit : |
USD 6900 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The company
is progressing slowly. 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
6 Park End, Second Floor, Vikas Marg, Delhi 110092, India |
|
Tel. No.: |
91-11-22448830 / 32055474 |
|
Fax No.: |
91-11-43041735 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjay Ramesh Chandra Goyel |
|
Designation : |
Director |
|
Address : |
R/o 472, Bagh Colony, Modinagar-201204, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.01.1968 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01901343 |
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 |
U85110DL2008PTC172154 |
MAXCARE
MEDICAL SYSTEMS PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
2 |
U51397DL2011PTC223656 |
KARVY
MEDICAL SYSTEMS PRIVATE LIMITED |
Director |
11-08-11 |
11-08-11 |
- |
Active |
NO |
|
3 |
U33110DL2011PTC226041 |
BORZE
INDIA PRIVATE LIMITED |
Director |
11-10-11 |
11-10-11 |
- |
Active |
NO |
|
Name : |
Mr. Prashant Kumar Ashwani Kumar Malhotra |
|
Designation : |
Director |
|
Address : |
R/o Sahitya Vihar Colony, Kiratpur Road,
Bijnor, Uttar Pradesh, India |
|
Date of Birth/Age : |
03.08.2008 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01903831 |
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 |
U85110DL2008PTC172154 |
MAXCARE
MEDICAL SYSTEMS PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
2 |
U74900UP2011PTC046435 |
A TO
Z MEDICAL SYSTEMS PRIVATE LIMITED |
Director |
02-09-11 |
02-09-11 |
- |
Active |
NO |
|
3 |
U33110DL2011PTC226041 |
BORZE
INDIA PRIVATE LIMITED |
Director |
11-10-11 |
11-10-11 |
- |
Active |
NO |
|
Name : |
Mr. Arvind Madan Mohan Bindal |
|
Designation : |
Managing Director |
|
Address : |
R/o B-6, Sikri Road, Modinagar – 201204, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.05.1973 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01901342 |
|
|
|
|
Name : |
Mr. Sudeep Budhi Ballabh Kotnala |
|
Designation : |
Director |
|
Address : |
R/o 96/4, G.M.S. Road, Vicel Vihar Pkt-3,
Dehradun, Uttarakhand, India |
|
Date of Birth/Age : |
10.01.1975 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01901348 |
|
|
|
|
Name : |
Mr. Namit Girish Chandra Agnihotri |
|
Designation : |
Director |
|
Address : |
R/o 19/14, Hari Nagar, Khirni Gate, Aligarh, Uttar Pradesh,
India |
|
Date of Birth/Age : |
25.02.1978 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01903829 |
|
|
|
|
Name : |
Mr. Sanjay Bahori Lai Gautam |
|
Designation : |
Director |
|
Address : |
R/o C/E-86, Kavi Nagar, Ghaziabad, Uttar Pradesh,
India |
|
Date of Birth/Age : |
19.11.1975 |
|
Date of Appointment : |
02.01.2008 |
|
DIN No.: |
01903830 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Arvind Madan Mohan Bindal, R/o B-6, Sikri Road, Modinagar – 201204, Uttar Pradesh, India |
|
27893 |
|
Sanjay Ramesh Chandra Goyel, R/o 472, Bagh Colony, Modinagar-201204, Uttar Pradesh, India |
|
13698 |
|
Sudeep Budhi Ballabh Kotnala, R/o 96/4, G.M.S. Road, Vicel Vihar Pkt-3, Dehradun, Uttarakhand, India |
|
13698 |
|
Sanjay Bahori Lai Gautam, R/o C/E-86, Kavi Nagar, Ghaziabad, Uttar Pradesh, India |
|
13698 |
|
Prashant Kumar Ashwani Kumar Malhotra, R/o Sahitya Vihar Colony, Kiratpur Road, Bijnor, Uttar Pradesh, India |
|
13698 |
|
Namit Girish Chandra Agnihotri R/o 19/14, Hari Nagar, Khirni Gate, Aligarh, Uttar Pradesh, India |
|
16936 |
|
Total |
|
99621 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Medical and Surgical Equipments |
GENERAL INFORMATION
|
Suppliers : |
·
Guru Printers ·
J.C. Cargo Movers ·
Strength Medicals ·
Airtel Communication Limited |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Customers : |
·
Sri Srinivasa Kidney and Meternity Hospital ·
K.G. Hospital ·
AVLS Trust ·
Balaji Hospital ·
Gandhi Hospital Private limited ·
Lakeshore Hospital ·
Sri Rama Charitable Hospital ·
Thangam Hospital ·
Sham Kale Hospital ·
J. K. Hospital and Medical Research Centre ·
Maa Memorial Surgical Clinic Centre ·
Rahat Charitable Trust ·
Jiwan Jyoti Christan Hospital ·
Medical Supritendent ESI Hospital ·
Kalpana Nursing Home Private limited |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pravin Kumar Maheshwari Chartered Accountants |
|
Address : |
D-113, Guru Nanak Pura, Modinagar – 201204, Uttar Pradesh, India |
|
Tel. No.: |
91-1232-248531 |
|
Mobile No.: |
91-9837277631 |
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E-Mail : |
|
|
PAN.: |
ABNPM2526R |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99621 |
Equity Shares |
Rs.10/- each |
Rs.0.996
Million |
|
|
|
|
|
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 |
0.996 |
0.996 |
0.996 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.733 |
0.190 |
0.077 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.729 |
1.186 |
1.073 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.734 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.715 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.449 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.178 |
1.186 |
1.073 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.876 |
1.073 |
0.996 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.847
|
0.603 |
0.091 |
|
|
Sundry Debtors |
3.144
|
2.343 |
0.843 |
|
|
Cash & Bank Balances |
1.352
|
2.231 |
1.772 |
|
|
Other Current Assets |
0.204
|
0.106 |
0.125 |
|
|
Loans & Advances |
1.866
|
2.232 |
1.768 |
|
Total
Current Assets |
14.413
|
7.515 |
4.599 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.090
|
0.239 |
0.233 |
|
|
Other Current Liabilities |
11.085
|
5.537 |
4.061 |
|
|
Provisions |
1.994
|
1.677 |
0.288 |
|
Total
Current Liabilities |
13.169
|
7.453 |
4.582 |
|
|
Net Current Assets |
1.244
|
0.062 |
0.017 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.058 |
0.051 |
0.060 |
|
|
|
|
|
|
|
|
TOTAL |
4.178 |
1.186 |
1.073 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
33.579 |
16.047 |
|
|
|
Other Income |
|
0.810 |
0.007 |
|
|
|
TOTAL (A) |
58.748 |
34.389 |
16.054 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
|
|
|
|
Direct Expenses |
|
|
1.313 |
|
|
|
Personnel Expenses |
|
|
4.150 |
|
|
|
Administrative Expenses |
|
|
4.972 |
|
|
|
Preliminary Expenses Written Off |
|
|
0.007 |
|
|
|
TOTAL (B) |
57.770 |
33.928 |
15.756 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.978 |
0.461 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.003 |
0.009 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.975 |
0.452 |
0.298 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.348 |
0.282 |
0.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.627 |
0.170 |
0.202 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.084 |
0.057 |
0.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.543 |
0.113 |
0.077 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
5.45 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.92
|
0.33 |
0.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.51 |
1.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.63
|
1.98 |
3.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.03
|
6.28 |
4.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.01 |
1.00 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from “205-206, Vardhman
Master Plaza, Gazipur Main Road, Delhi – 110092, India” to the present address
w.e.f. 01.01.2009
Operations:
The operations of
the company are found to be satisfactory and no technical problem has been
observed. During the year the company’s turnover are made progressive. No major
discrepancy has been noticed.
Fixed Assets:
·
Computer
·
Office Equipments
·
Car
·
Furniture and Fixtures
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.51.31 |
|
|
1 |
Rs.81.37 |
|
Euro |
1 |
Rs.67.98 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
|
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.