MIRA INFORM REPORT

 

 

Report Date :

04.01.2013

 

IDENTIFICATION DETAILS

 

Name :

PNEUMO CARE HEALTH PRIVATE LIMITED (w.e.f. 21.05.2009)

 

 

Formerly Known As :

RESPICURE MEDSYS PRIVATE LIMITED

KSAN ADVERTISING AND MARKETING PRIVATE LIMITED

 

 

Registered Office :

F-11, 2nd Floor, East of Kailash, New Delhi – 110 065

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

11.03.1996

 

 

Com. Reg. No.:

55-077055

 

 

Capital Investment / Paid-up Capital :

Rs.3.530 millions

 

 

CIN No.:

[Company Identification No.]

U74300DL1996PTC077055

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELR06070B

 

 

PAN No.:

[Permanent Account No.]

AAACK2753R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading of Medical Equipments.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (52)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 580000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having good track record. Financially company has performed well.

 

Performance capacity appears to be high. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitment.

 

The company can be considered for normal business dealings at usual trade terms and condition.

 

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 – June 30, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

LOCATIONS

 

Registered Office :

F-11, 2nd Floor, East of Kailash, New Delhi – 110 065, India

Tel. No.:

91-11-47694769 (20 Lines)

Fax No.:

91-11-47694770

E-Mail :

info_infotech@yahoo.co.in

reception@pneumocare.com

Website :

http://pneumocare.com

 

 

Branch Office :

Located at:

 

v      Mumbai

v      Bangalore

v      Kolkata

v      Kanpur

 

 

DIRECTORS

 

As on 28.09.2012

 

Name :

Mr. Deepak Ravinder Chander

Designation :

Director

Address :

C-464, Yojna Vihar, New Delhi – 110 092, India

Date of Birth/Age :

13.07.1965

Date of Appointment :

01.04.2002

DIN No.:

00791477

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74300DL1996PTC077055

PNEUMO CARE HEALTH PRIVATE LIMITED

Director

01/04/2002

01/04/2002

-

Active

NO

2

U85100DL2007PTC166346

REQUIRON SLEEP SYSTEMS PRIVATE LIMITED

Director

27/07/2007

27/07/2007

-

Active

NO

 

 

Name :

Mr. Parveen Kuldeep Rai Nayar

Designation :

Director

Address :

J-245, Saket, New Delhi – 110 017, India

Date of Birth/Age :

05.05.1960

Date of Appointment :

01.04.2002

DIN No.:

00791436

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74300DL1996PTC077055

PNEUMO CARE HEALTH PRIVATE LIMITED

Director

01/04/2002

01/04/2002

-

Active

NO

2

U85100DL2007PTC166346

REQUIRON SLEEP SYSTEMS PRIVATE LIMITED

Director

27/07/2007

27/07/2007

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2012

 

Names of Shareholders

 

No. of Shares

 

Atula Parveen Nayar

 

31500

Aashima Deepak Chander

 

46500

Kiran Kuldeep Rai Nayar

 

25000

Deepak Chander HUF

 

75000

Parveen Nayar HUF

 

65000

Deepak Ravinder Chander

 

55000

Parveen Kuldeep Rai Nayar

 

55000

Total

 

353000

 

As on 28.09.2012

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trading of Medical Equipments.

 

 

Products :

v      Asthma Management

v      Breathe Better Series

v      Critical Care

v      Mask for Ventilation

v      MultiSteth

v      Non Invasive Ventilator

v      Sleep Diagnostics

v      Sleep Therapy

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

v      Citi Bank

v      ICICI Bank Limited

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Ashok Kantoor and Company

Chartered Accountants

Address :

2659/2, Gurudwara Road, Karol Bagh, New Delhi – 110 005, India

Tel. No.:

91-11-28753342/ 28751963

Fax No.:

91-11-41450621

E-Mail :

akc@akantoor.com

akantoor@gmail.com

Income-tax PAN of auditor or auditor's firm :

AABFA3482F

 

 

CAPITAL STRUCTURE

 

As on 31.03.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

1000000

Equity Shares

Rs.10/- each

Rs.10.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

353000

Equity Shares

Rs.10/- each

Rs.3.530 millions

 

 

 

 

 

Term/rights attached to Equity Shares

 

The Company has only one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share. In the event of liquidation, the Equity Shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

 

Reconciliation of Number of Shares:

 

 

Amount

(Rs. in millions)

Number of Shares outstanding at the beginning of the year

353000

 

 

Number Shares outstanding at the end of the year

353000

 

List of Shareholders holding more than 5% of the total Number of Shares issued by the Company:

 

Names of Shareholders

% of Holding

No. of Shares Held

Atula Parveen Nayar

8.92

31500

Aashima Deepak Chander

13.17

46500

Kiran Kuldeep Rai Nayar

7.08

25000

Deepak Chander HUF

21.25

75000

Parveen Nayar HUF

18.41

65000

Deepak Ravinder Chander

15.58

55000

Parveen Kuldeep Rai Nayar

15.58

55000

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2012

31.03.2011

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

3.530

3.530

3.530

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

141.582

133.214

120.863

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

145.112

136.744

124.393

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.186

2] Unsecured Loans

0.000

0.000

0.000

TOTAL BORROWING

0.000

0.000

0.186

DEFERRED TAX LIABILITIES

10.070

10.297

1.291

 

 

 

 

TOTAL

155.182

147.041

125.870

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

41.383

42.212

42.607

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

12.500

10.900

5.900

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
11.610

2.675

2.369

 

Sundry Debtors
2.591

0.222

3.421

 

Cash & Bank Balances
4.488

13.056

66.896

 

Other Current Assets
50.000

50.000

0.000

 

Loans & Advances
47.937

41.183

33.002

Total Current Assets
116.626

107.136

105.688

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
9.159

5.230

4.546

 

Other Current Liabilities
4.153

2.508

2.882

 

Provisions
2.015

5.469

20.897

Total Current Liabilities
15.327

13.207

28.325

Net Current Assets
101.299

93.929

77.363

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

155.182

147.041

125.870

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Revenue from Operation

42.937

6.989

22.405

 

 

Other Income

16.427

35.287

135.147

 

 

TOTAL                                    

59.364

42.276

157.552

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

47.279

13.637

31.935

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

47.279

13.637

31.935

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

12.085

28.639

125.617

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION        

1.928

1.891

3.067

 

 

 

 

 

 

PROFIT BEFORE TAX

10.157

26.826

122.549

 

 

 

 

 

 

TAX                                                     

1.789

14.475

20.738

 

 

 

 

 

 

PROFIT AFTER TAX

8.368

12.351

101.811

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Trading Goods

35.881

4.520

5.849

 

 

Capital Goods

0.781

0.000

0.000

 

TOTAL IMPORTS

36.662

4.520

5.849

 

 

 

 

 

 

Earnings Per Share (Rs.)

23.71

34.99

14.54

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)
14.10

29.22

64.62

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
23.66

383.83

546.97

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
6.43

17.96

82.64

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.07

0.20

0.99

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
0.11

0.10

0.23

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
7.61

8.11

3.73

 

 

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

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

No

20) Export / Import details (if applicable)

No

21) Market information

--

22) Litigations that the firm / promoter involved in

--

23) Banking Details

Yes

24) Banking facility details

No

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

31) Date of Birth of Proprietor/Partner/Director, if available

Yes

32) PAN of Proprietor/Partner/Director, if available

No

33) Voter ID No of Proprietor/Partner/Director, if available

No

34) External Agency Rating, if available

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CORPORATE INFORMATION

 

Subject is a Private Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is in the business of Trading of Medical Equipments.

 

OPERATIONS

 

The financial results of the Company as above are self-explanatory. The Revenue from Operations of the company increased to Rs.42.937 millions as against Rs.6.989 millions in the previous year. However it earned the profit after Depreciation of Rs.10.157 millions in the year under consideration as against profit after deprecation of Rs.26.826 millions in the previous year. The Directors expect better results in the year to come.

 

There is a continuous efforts going on the part of the Company to identify new products, develop them and sell into the local market. The Directors expects much better results in the years to come.

 

FIXED ASSETS:

 

v      Building

v      Plant and Machinery

v      Vehicles

v      Office Equipment

v      Data Processing Equipment


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 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.54.41

UK Pound

1

Rs.88.29

Euro

1

Rs.71.49 

 

 

INFORMATION DETAILS

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--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

 

52

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.