1. Summary Information
|
|
|
Country |
India |
|
Company Name |
AALAY SURGICALS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Alpenkumar Shankarlal Patel |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajeshkumar Kantilal Patel |
|
|
|
Registration # |
04-059609 |
|
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 |
3 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ca
(12) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,352,000 |
Current Liabilities |
1,592,000 |
|
Inventories |
1,768,000 |
Long-term Liabilities |
24,438,000 |
|
Fixed Assets |
16,469,000 |
Other Liabilities |
39,000 |
|
Deferred Assets |
000 |
Total Liabilities |
26,069,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
000 |
|
|
|
Net Worth |
2,480,000 |
|
Total Assets |
23,589,000 |
Total Liab. & Equity |
23,589,000 |
|
Total Assets (Previous Year) |
11,323,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
863,000 |
Net Profit |
2,580,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
21.05.2013 |
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) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.02.2010 |
|
|
|
|
Com. Reg. No.: |
04-059609 |
|
|
|
|
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 (12) |
|
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 : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in the year 2010. It started
its activity in the second quarter of 2011. In its first year of business operation, the subject has achieved very
minimal sales. The external borrowing seems to be huge. However, business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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 |
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 : |
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 : |
|
|
Website : |
DIRECTORS
As on: 28.09.2012
|
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. 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 |
|
|
|
|
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 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Alpenkumar Shankarlal Patel |
|
28000 |
|
Rajeshkumar Kantilal Patel |
|
27000 |
|
Virenkumar Rameshchandra Patel |
|
3000 |
|
Shankarbhai Prabhudas Patel |
|
2000 |
|
|
|
|
|
Total |
|
60000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
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
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Bank of Baroda, I. E. Highway Branch, Opposite Simandhar Temple, Mehsana - 384002, Gujarat, India · The Co-operative Bank of Mehsana Limited · The Kotak Mahindra Bank Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
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.: |
AFIPM0248P |
CAPITAL STRUCTURE
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs. 0.600 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs. 0.600
Million |
|
|
|
|
|
As on : 31.03.2012
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 |
|
|
|
|
|
|
Particular |
Number |
Amount in
Millions |
|
Shares outstanding at the beginning of the year |
10000 |
0.100 |
|
Shares issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
10000 |
0.100 |
|
Name of
Shareholders |
Number |
% of holding |
|
Alpenkumar Shankarlal Patel |
3000 |
30.00 |
|
Rajeshkumar Kantilal Patel |
3000 |
30.00 |
|
Shankarbhai Prabhudas Patel |
3000 |
30.00 |
|
Virenkumar Rameshchandra Patel |
1000 |
10.00 |
|
Total |
10000 |
100.00 |
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(2.580) |
0.000 |
0.000 |
|
|
NETWORTH |
(2.480) |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.413 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
13.025 |
10.175 |
0.000 |
|
|
TOTAL BORROWING |
24.438 |
10.175 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.958 |
10.275 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.469 |
6.718 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
2.525 |
0.456 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.020 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.768
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.583
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.658
|
0.040 |
0.100 |
|
|
Other Current Assets |
2.111
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
2.020 |
0.000 |
|
Total
Current Assets |
7.120
|
2.060 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.592
|
1.048 |
0.456 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.039
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.631
|
1.048 |
0.456 |
|
|
Net Current Assets |
5.489
|
1.012 |
(0.356) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.958 |
10.275 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
0.077 |
|
|
|
|
|
TOTAL |
0.940 |
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
NA |
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
2.580 |
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(9.85)
|
101.75 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.36
|
1.97 |
0.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 one year |
Yes |
|
12] |
Profitability for last one year |
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 |
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 |
|
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 |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and advances from related party |
13.025 |
10.175 |
|
Total |
13.025 |
10.175 |
FIXED ASSETS
· Air Conditioner
· Buildings
· Furniture and Fixtures
· 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 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 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. 55.04 |
|
|
1 |
Rs. 83.61 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
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 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.