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Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AAYUSHMAAN |
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Registered
Office : |
6, 2nd Floor, |
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Country : |
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Year of
Establishment : |
2011 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Provider of Diagnostic service, Health solutions service and Naturopathy center for curing all types of ailments |
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No. of Employees
: |
3 (Approximately) (For Group 50) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
-- |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new Proprietory concern and yet to establish itself
gradually. Payments are unknown. The concern can be considered for business dealings on a secured 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 (30.09.2011) |
Current Rating (31.12.2011) |
|
India |
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 |
INFORMATION PARTED BY
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Name : |
Mr. Rengarajan |
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Designation : |
Manager |
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Contact No.: |
91-44-42134664 |
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Date : |
06.04.2012 |
LOCATIONS
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Registered Office/ Head Office : |
6, 2nd Floor, Doshi Garden, D-Block, 17th, Arcot Road, Vadapalani,
Chennai, Tamilnadu, India |
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Tel. No.: |
91-44-42193030 |
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Fax No.: |
91-44-42193131 |
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E-Mail : |
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Website : |
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Naturopathy Center : |
Dr Ramans Nature Cure Foundation - Holistic Health Centre Address : No 72 Kundrathur Sriperumbudur Road Pudupedu Villiage, Pattabiram-600072 E Mail : info@livefulllife.org Website : www.livefulllife.org Dr. Raman is the father of Dr. Sundaravelu and this health center serves as the naturopathy center for Aayushmaan. |
SOLE PROPRIETOR
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Name : |
Dr. R Sundaravelu |
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Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Rengarajan |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Provider of Diagnostic service, Health solutions service and Naturopathy center for curing all types of ailments |
|
|
|
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Products : |
Diagnosis and
treatment Stress relief and General wellness program S,L, Hypertension/ blood pressure regulation/reduction program S,L, Reverse Diabetes program S,L,CV, Pain relief program S,L, Marital Bliss program S,L, Heart Management program S,L, Weight and fat reduction program S,L, Body beauty and skin rejuvenation program S,L, Toxin relief program (Detox) S,L, Colon and body cleansing program S,L, |
GENERAL INFORMATION
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No. of Employees : |
3 (Approximately) (For Group 50) |
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Bankers : |
HDFC Bank |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Blizz Bio Med Systems, Chennai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if
applicable) |
-- |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
-- |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
Company Profile:
Aayushmaan
Previously
Sterling Aayushmaan when Sterling Alchemy Group had an interest in them. Now the group has been closed down.
This is a Naturopathy and Yoga center. It deals with treatment through naturopathy for various ailments. The center was started in 2011. Dr. R Sundaravelu is the proprietor of the firm. The firm is yet to be registered as they have started only last year and have not even done a turnover of 5 lakhs. Right now they are functioning in the premises of Dr. Ramans Nature Cure Foundation. This foundation is a non - profit organization run by Dr R Sundaravelu to promote naturopathy and yogic sciences in India.
Aayushmaan is a not for profit firm situated in a sprawling 15 acre lush mangrove garden in a resort atmosphere. The whole center is right in the midst of nature with pristine natural settings, chirping birds, rustling leaves, herbal gardens, swimming pool, hydrotherapy pool and a advanced colon irrigation unit, FIR saunas, FIR steam rooms, aromatherapy rooms and authentic ayurvedic pancha karma unit with resident doctors with MD in naturopthy, ayurveda and yogic sciences all available under one roof at a very affordable cost..
Another firm for which Dr. R Sundaravelu is the proprietor:
(A 20 year old firm called Blizz Biomed Systems is operating in India. This firm had the world’s most effective Blizz Far Infra Detox cabins and Blizz Non Invasive Mesotherapy-Spot reduction centers in India. This Blizz Biomed systems, is the health care and hygiene management Division of Alchemy biotech P Ltd. Subsequently Alchemy Biotech Private Limited was closed down. Bliss then registered itself as a proprietorship firm with Regn numbers TNGST 1388598 and TIN 33971388598. They manufacture Detox cabins and other health related products. These products are being supplied to Aayushmaan). This firm is also dormant right now. But chances of revival are good. )
In short Aayushmaan is a sister concern of Blizz Biomed Systems. The proprietor for both the firms are Dr. R Sundaravelu. The center is headed by Dr R Sundaravelu. A brief note on him follows below. He is the director of the center and looks after all the affairs of the center
A note on Dr R
Sundaravelu – Proprietor Aayushmaan
He is an eminent scientist and researcher in Surface Chemistry, Polymer Science Far infrared based health and cosmetic non surgical procedures. In the year 2005 he entered the healthcare and hygiene management segments through Blizz Bio Med Systems. At that time has had patented his FIR Detox Cabins, Spot reduction chambers and other healthcare products. His patent has proven to be very effective in passive curing and complementary treatment for various ailments henceforth thought to be untreatable, especially heart ailments, blood disorders, stress and fat busting. Blizz at the time had 550 centers across India and 10 centers abroad. He is a senate member and Academic council of the prestigious Anna University Chennai. In the year 2005-2006 India Today magazine had ranked Mr R Sundaravelu the 9th most powerful and influential businessman in the State of Tamilnadu. In the year 2009-2010 he was ranked 5th in the State of Tamilnadu. He was recognized and honored as one of the top 20 businessmen of Tamilnadu and has found a place in their hardbound publication as a “Trial Blazer’s award from the Times of India Group continuously for 4 years. He has been awarded the prestigious award of SIGARAM 15 by the India Today Magazine Group as one of the top 15 achievers and indentified to be among the future stars of Tamil Society for the next 15 years.
The administrative office is in Vadapalani while the center is at Kundrathur. The treatment programs offered are :
· Stress relief program
· General wellness program
· Hypertension reduction
· Reverse diabetes program
· Pain relief program
· Heart management program
· Weight and fat reduction program
· Body beauty and skin rejuvenation program
· Toxin relief program (Detox)
· Colon and body cleansing program
At Aayushmaan Holistic Health Center Detoxification with the
help of nature cures based on Far Infra rays, structured breathing, yogic
living, juice fasting and colonics they change your life by getting the
pollutants out of your system and keeping them out. Their programs last from 2 nights to 7 nights
and in 8 days of the customer’s valuable time his diseases are cured using the
pancha bootha theory of naturopathy, structures breathing, simple yogic
routines, satvic foods, holistic regimen, juice fasting, and colonics.
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 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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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.