1. Summary Information
|
|
|
Country |
|
|
Company Name |
Aalay Surgicals
Private Limited |
Principal Name 1 |
Mr. Alpenkumar Shankarlal Patel |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajeshkumar Kantilal Patel |
|
|
|
Registration # |
04-59609 |
|
Street Address |
Survey No.359, Sobhasan Gam Road, Opposite Shivala Hotel, Mehsana –
Ahmedabad Highway, Sobhasan, Mehsana – 384002, Gujarat, India |
||
|
Established Date |
17.02.2010 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Sterile Surgical Sutures |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
The Co-operative Bank of Mehsana Limited |
|
Public Limited Corp. |
No |
Business Period |
2 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ca
(15) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,060,000 |
Current Liabilities |
1,048,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
10,175,000 |
|
Fixed Assets |
6,718,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
11,223,000 |
|
Invest& other Assets |
2,545,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
100,000 |
|
Total Assets |
11,323,000 |
Total Liab. & Equity |
11,323,000 |
|
Total Assets (Previous Year) |
556,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
|
Report Date : |
08.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AALAY SURGICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.359, Sobhasan Gam Road, Opposite Shivala Hotel, Mehsana –
Ahmedabad Highway, Sobhasan, Mehsana – 384002, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.02.2010 |
|
|
|
|
Com. Reg. No.: |
04-59609 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110GJ2010PTC059609 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA09574F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA2421J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of all types of Sterile Surgical Sutures. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in 2010. The company is yet to
commence its business activity. Payments are unknown. The company can be considered for business dealings on a safe and
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 (30.06.2011) |
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 : |
Survey No.359, Sobhasan Gam Road, Opposite Shivala Hotel, Mehsana –
Ahmedabad Highway, Sobhasan, Mehsana – 384002, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9427049403 (Mr. Viren Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
(AS ON 21.09.2011)
|
Name : |
Mr. Alpenkumar Shankarlal Patel |
|
Designation : |
Director |
|
Address : |
60 – Snehkuj Society, Near Eye Hospital, Urban Bank Road,
Mehsana – 384002, Gujarat, India |
|
Date of Birth/Age : |
05.07.1972 |
|
Date of Appointment : |
17.02.2010 |
|
DIN No.: |
02936734 |
|
|
|
|
Name : |
Mr. Rajeshkumar Kantilal Patel |
|
Designation : |
Director |
|
Address : |
9-B, Alka Society, Opposite Dudhsagar Dairy, Mehsana - 384002,
Gujarat, India |
|
Date of Birth/Age : |
09.05.1964 |
|
Date of Appointment : |
17.02.2010 |
|
DIN No.: |
02936870 |
|
|
|
|
Name : |
Mr. Virenkumar Rameshchandra Patel |
|
Designation : |
Director |
|
Address : |
11 – Shyamkutir Bunglows, Radhanpur Road, Mehsana – 384002, Gujarat,
India |
|
Date of Birth/Age : |
02.11.1977 |
|
Date of Appointment : |
17.02.2010 |
|
DIN No.: |
02937214 |
|
|
|
|
Name : |
Mr. Shankarbhai Prabhudas Patel |
|
Designation : |
Director |
|
Address : |
59- Snehkunj Society, Near Eye Hospital, Urban Bank Road,
Mehsana – 384002, Gujarat, India |
|
Date of Birth/Age : |
01.05.1946 |
|
Date of Appointment : |
17.02.2010 |
|
DIN No.: |
02937219 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 21.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Alpenkumar Shankarlal Patel |
|
3000 |
|
Rajeshkumar Kantilal Patel |
|
3000 |
|
Virenkumar Rameshchandra Patel |
|
1000 |
|
Shankarbhai Prabhudas Patel |
|
3000 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of all types of Sterile Surgical Sutures. |
GENERAL INFORMATION
|
Suppliers : |
· Jay Praksh Associates · Shri Shakti Steel Corporation · Apana Hardware Supplier · N. L. Trading Company · 3M India · Anant Stones · Chempharma Industries Private Limited · National Sanitory Stores ·
Ram Vijay Enterprise |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· The Co-operative Bank of Mehsana Limited · The Kotak Mahindra Bank Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C. D. Modh and Company Chartered Accountant |
|
Address : |
S/27/28/29, Sanskrut Shopping Mall, Highway, Mehsana – 384002,
Gujarat, India |
|
PAN No.: |
AFIPM0248P |
CAPITAL STRUCTURE
(AS ON 21.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
10.175 |
0.000 |
|
|
TOTAL BORROWING |
|
10.175 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.275 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
6.718 |
0.000 |
|
|
Capital work-in-progress |
|
2.525 |
0.456 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.020 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.040 |
0.100 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.020 |
0.000 |
|
Total
Current Assets |
|
2.060 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1.048 |
0.456 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
1.048 |
0.456 |
|
|
Net Current Assets |
|
1.012 |
(0.356) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.275 |
0.100 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
112.23 |
4.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.97 |
0.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
No |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
SUMMARISED
FINANCIAL RESULTS
The Company had not
started its commercial operations till 31st March, 2011. In the absence of any
commercial activity, it’s summarized financial results are not given.
FORM 8:
|
This form is for |
Modification of
Charge |
|
Charge identification
number of the modified |
10296022 |
|
Corporate
identity number of the company |
U33110GJ2010PTC059609 |
|
Name of the
company |
AALAY SURGICALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No. 359,
Sobhasan Gam Road, Opposite Shivala Hotel, Mehsana A'bad Highway, Sobhasan,
Mehsana – 384002, Gujarat, India |
|
Type of charge |
Immovable
Property Any Interests in
Immovable Property |
|
Particular of
charge holder |
Bank of Baroda I. E. Highway
Branch, Opposite Simandhar Temple, Mehsana – 384002, Gujarat, India |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum of
Entry(Where company's property is mortgaged) |
|
Date of
instrument Creating the charge |
30/06/2011 |
|
Amount secured by
the charge |
Rs.19.500
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 12.75% Terms of
Repayment 66 months
including 6 months of maraterium period Margin 40% on land and
building and 25% on machinery and equipments Extent and Operation
of the charge The charge amount
covers the whole finance limit sanctioned to the borrower |
|
Short particulars
of the property charged |
N.A. land and
property on land at Survey No.359, Shobhasan, Tal and District Mehsana |
|
Particulars of
the present modification |
New additional
charge on immovable property for the original bank finance limit of Rs.19.500
Millions Memorandum of
Entry- Charge on immovable property |
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.53.34 |
|
|
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
15 |
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.