MIRA INFORM REPORT
|
Report No. : |
312514 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHARMA-4 |
|
|
|
|
Registered
Office : |
D No. 16-01-52/18, Divya Deepa Arcade, Bendoorwell Circle, Kankanady, Mangalore – 575002, Karnataka |
|
Tel. No.: |
91-824-2436555/ 2439988 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
|
|
|
|
Year of
Establishment : |
06.02.2010 |
|
|
|
|
Capital
Investment : |
Rs. 2.709 Million |
|
|
|
|
TIN No.: |
29770884374 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFP4090J |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader of Pharma Products. |
|
|
|
|
No. of Employees
: |
11 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2010 as partnership concern having
a satisfactory track record. It is a trader of pharma products and it only deals in local markets. Rating takes into consideration concern’s sound operational track
record backed by decent industry experience of partner’s in pharma segment
and above average financial risk profile of the concern. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of sound operational profile, the concern can be considered
for 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mrs. Poornima Rao |
|
Designation : |
Partner |
|
Contact No.: |
91-9448382595 |
|
Date : |
26.05.2015 |
LOCATIONS
|
Registered Office : |
D No. 16-01-52/18, Divya Deepa Arcade, Bendoorwell Circle, Kankanady, Mangalore – 575002, Karnataka,
India |
|
Tel. No.: |
91-824-2436555/ 2439988 |
|
Mobile No.: |
91-9448382595 [Mrs. Poornima Rao] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Dr. Ullas D’Souza |
|
Designation : |
Partner |
|
Address : |
Kodical 4th Cross Road, Ashokanagar P., Mangalore – 575006,
Karnataka, India |
|
Date of Birth/Age : |
20.05.1975 |
|
PAN No.: |
AGTPD0449F |
|
|
|
|
Name : |
Mrs. Poornima Rao |
|
Designation : |
Partner |
|
Address : |
Ashok Nagar, Mangalore – 575006, Karnataka, India |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
BBM |
|
|
|
|
Name : |
Mr. Vinay Kumar Rai |
|
Designation : |
Partner |
|
Address : |
B.C. Road, Mangalore, Karnataka, India |
|
Date of Birth/Age : |
31.05.1980 |
|
Qualification : |
B-Pharma |
|
PAN No.: |
AISPR6219C |
|
|
|
|
Name : |
Mr. N. Guruprasad Rao |
|
Designation : |
Partner |
|
Address : |
Bangalore, Karnataka, India |
|
Date of Birth/Age : |
20.03.1966 |
|
Qualification : |
Software Engg. |
|
PAN No.: |
AKQPG1435R |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharma Products. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
Roche Products Private Limited |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash and Credit [30 Days] |
GENERAL INFORMATION
|
Suppliers : |
· Fresenius Kabi India Private Limited Address: No. 96, N.M.R
and Sons Complex, 5th Main Chamrajpet, Bangalore – 560018,
Karnataka, India Tel. No.: 91-80-26676461 Mobile No.: 91-9945271118
[Bijju] · Intas Pharmaceuticals Limited Address: 526/105/1 Area,
B 1st Floor, 1st Main, S.R. Compound, South City Road,
Opposite B.G. Road, Bangalore – 560076, Karnataka, India Tel. No.: 91-80-49573355 Mobile No.: 91-9986899390
[Usman] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users and Others [Doctors]
· Kasturba Hospital Address: Manipal –
576104, Karnataka, India Tel. No.: 91-820-2922351 Mobile No.: 91-9686692604 · Justice K.S. Hegde Hospital Address: Derlakatte,
Mangalore, Karnataka, India Tel. No.: 91-824-2204474 Mobile No.: 91-9902782550 |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
11 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Party : |
Sri Ganesh Medicals |
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS ON 31.03.2015
[PROVISIONAL]
[RS. IN MILLION]
MR. GURUPRASAD N. RAO
|
PARTICULARS |
AMOUNT |
|
|
|
|
Balance b/f |
0.441 |
|
Add: Interest on Capital |
0.053 |
|
Share on Profit |
0.237 |
|
|
0.731 |
|
|
|
|
Less: Drawings |
0.003 |
|
|
|
|
Total |
0.728 |
MRS. POORNIMA P. RAO
|
PARTICULARS |
AMOUNT |
|
|
|
|
Balance b/f |
0.203 |
|
Add: Interest on Capital |
0.025 |
|
Remuneration due |
0.072 |
|
Share on Profit |
0.237 |
|
|
0.537 |
|
|
|
|
Less: Drawings |
0.240 |
|
|
|
|
Total |
0.297 |
MR. ULLAS D’SOUZA
|
PARTICULARS |
AMOUNT |
|
|
|
|
Balance b/f |
0.546 |
|
Add: Interest on Capital |
0.065 |
|
Remuneration due |
0.072 |
|
Share on Profit |
0.282 |
|
|
0.965 |
|
|
|
|
Less: Drawings |
0.240 |
|
|
|
|
Total |
0.725 |
MR. VINAY KUMAR RAI
|
PARTICULARS |
AMOUNT |
|
|
|
|
Balance b/f |
0.674 |
|
Add: Interest on Capital |
0.081 |
|
Remuneration due |
0.072 |
|
Share on Profit |
0.372 |
|
|
1.199 |
|
|
|
|
Less: Drawings |
0.240 |
|
|
|
|
Total |
0.959 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
2.709 |
1.864 |
2.096 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.709 |
1.864 |
2.096 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.000 |
1.853 |
1.481 |
|
|
2] Unsecured Loans |
0.000 |
2.047 |
0.000 |
|
|
TOTAL BORROWING |
10.000 |
3.900 |
1.481 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.709 |
5.764 |
3.577 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.181 |
0.215 |
0.180 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.789
|
4.270 |
2.304 |
|
|
Sundry Debtors |
9.051
|
5.474 |
2.404 |
|
|
Cash & Bank Balances |
0.092
|
0.472 |
0.439 |
|
|
Other Current Assets |
0.157
|
0.157 |
0.157 |
|
|
Loans & Advances |
0.100
|
0.119 |
0.109 |
|
Total
Current Assets |
18.189
|
10.492 |
5.413 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.300
|
4.696 |
1.922 |
|
|
Other Current Liabilities |
0.361
|
0.247 |
0.094 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
5.661
|
4.943 |
2.016 |
|
|
Net Current Assets |
12.528
|
5.549 |
3.397 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.709 |
5.764 |
3.577 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
55.060 |
40.705 |
18.612 |
|
|
|
Other Income |
0.840 |
0.433 |
0.031 |
|
|
|
TOTAL |
55.900 |
41.138 |
18.643 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Goods sold |
50.531 |
38.494 |
16.706 |
|
|
|
Freight Inwards |
0.011 |
0.008 |
0.005 |
|
|
|
Discount Allowed |
0.123 |
0.000 |
0.013 |
|
|
|
Interest Paid |
1.220 |
0.209 |
0.126 |
|
|
|
Rent paid |
0.360 |
0.275 |
0.259 |
|
|
|
Salaries paid |
1.040 |
0.776 |
0.511 |
|
|
|
Travelling Expenses |
0.203 |
0.101 |
0.089 |
|
|
|
Business Promotion Expenses |
0.302 |
0.150 |
0.099 |
|
|
|
Remuneration to Partners |
0.216 |
0.216 |
0.216 |
|
|
|
Interest on Capital |
0.224 |
0.252 |
0.249 |
|
|
|
Other Expenses |
0.407 |
0.395 |
0.275 |
|
|
|
TOTAL |
54.637 |
40.876 |
18.548 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.263 |
0.262 |
0.095 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.036 |
0.047 |
0.042 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.227 |
0.215 |
0.053 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.100 |
0.078 |
0.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.127 |
0.137 |
0.028 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.05
|
0.34 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.68
|
2.01 |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.12 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.69
|
2.09 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.21
|
2.12 |
2.69 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015
[Provisional] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.096 |
1.864 |
2.709 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.096 |
1.864 |
2.709 |
|
|
|
|
|
|
Long-term borrowings |
1.481 |
1.853 |
10.000 |
|
Short term borrowings |
0.000 |
2.047 |
0.000 |
|
Total
borrowings |
1.481 |
3.900 |
10.000 |
|
Debt/Equity ratio |
0.707 |
2.092 |
3.691 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015
[Provisional] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
18.612 |
40.705 |
55.060 |
|
|
|
118.703 |
35.266 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015
[Provisional] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
18.612 |
40.705 |
55.060 |
|
Profit |
0.028 |
0.137 |
1.127 |
|
|
0.15% |
0.34% |
2.05% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
PHARMA-4
STATEMENT OF INCOME
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Profits and Gains of Business or Profession |
|
|
|
|
Business 1 |
|
|
|
|
|
|
|
|
|
Net Profit before Tax as per P&L Account
|
|
0.215 |
|
|
|
|
|
|
|
Add: Inadmissible expenses and Income nor
included |
|
|
|
|
Depreciation debited to P&L Account |
0.047 |
|
|
|
37 disallowance |
0.035 |
|
|
|
Interest to Partners/ Members debited in
P&L Account |
0.252 |
|
|
|
Remuneration to Partners/ Members debited in
P&L Account |
0.216 |
|
|
|
43B disallowance |
0.000 |
0.550 |
|
|
|
|
------------ |
|
|
Adjusted Profit from Business 1 |
|
0.765 |
|
|
|
|
------------ |
|
|
Total Income from Business or Profession |
|
0.765 |
|
|
Less: Depreciation as per IT Act |
|
0.046 |
|
|
|
|
------------ |
|
|
Book Profit |
|
0.719 |
|
|
Less: Remuneration and Interest to Partners |
|
0.468 |
|
|
|
|
------------ |
|
|
Income chargeable under the head “Business
or Profession” |
|
|
0.251 |
|
|
|
|
|
|
Total Income |
|
|
0.251 |
|
|
|
|
|
|
Total Income rounded off u/s 288A |
|
|
0.251 |
|
|
|
|
------------ |
|
Tax on Total Income |
|
|
0.076 |
|
|
|
|
|
|
Add: Education Cess |
|
|
0.002 |
|
|
|
|
------------ |
|
Tax with cess |
|
|
0.078 |
|
|
|
|
------------ |
|
Net Tax |
|
|
0.078 |
|
|
|
|
|
|
Advance Tax |
|
0.060 |
|
|
|
|
|
|
|
Total prepaid taxes |
|
|
0.060 |
|
|
|
|
------------ |
|
Balance Tax |
|
|
0.018 |
|
|
|
|
|
|
Interest u/s 234A |
|
0.000 |
|
|
Interest u/s 234B |
|
0.001 |
|
|
Interest u/s 234C |
|
0.001 |
0.002 |
|
|
|
|
------------ |
|
Net Tax payable |
|
|
0.020 |
|
|
|
|
|
|
Self assessment tax paid |
|
|
0.020 |
|
|
|
|
------------ |
|
Balance tax payable |
|
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF INCOME
MR. ULLAS D’SOUZA
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from Salaries |
|
|
|
|
Employer 1 |
|
|
|
|
Salary as per Form 16 |
0.493 |
|
|
|
|
|
|
|
|
Total Salary |
|
0.493 |
|
|
Less: Tax on employment u/s 16(iii) |
|
0.002 |
|
|
|
|
------------ |
|
|
Income chargeable under the head “Salaries” |
|
|
0.491 |
|
|
|
|
|
|
Income from House Property |
|
|
|
|
Let-out properties |
|
|
|
|
Property 1: 16-01-52/2, Divya Deepa Arcade,
Tenant – Pharma 4 |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property1 |
|
0.042 |
|
|
|
|
|
|
|
Property 2: 16-01-52/2, Divya Deepa Arcade,
Tenant – Derebail Medical Agencies |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property2 |
|
0.042 |
|
|
|
|
|
|
|
Income chargeable under the head “House
Property” |
|
|
0.084 |
|
|
|
|
|
|
Profits and gains of Business or Profession |
|
|
|
|
Partnership Firm Income Pharma 4 |
|
0.151 |
|
|
Partnership Firm Income Derebail
Medical Agencies |
|
0.042 |
|
|
Partnership Firm Income Kusuma Stationery |
|
0.023 |
|
|
|
|
------------ |
|
|
Total Income from Business and
Profession |
|
0.216 |
|
|
|
|
|
|
|
Income chargeable under the head “Business
and Profession” |
|
|
0.216 |
|
|
|
|
|
|
Income from other sources |
|
|
|
|
Bank Interest |
|
0.003 |
|
|
|
|
------------ |
|
|
Income chargeable under the head “Other
Sources” |
|
|
0.003 |
|
|
|
|
------------ |
|
Gross Total Income |
|
|
0.794 |
|
Deductions under Chapter VI-A |
|
|
|
|
80D: Medical Insurance Premia |
|
0.005 |
|
|
80TTA: Interest on Saving Bank Account |
|
0.003 |
|
|
|
|
|
|
|
Investment u/s 80C, CCC, CCD |
|
|
|
|
PFC |
0.009 |
|
|
|
PPF Contribution |
0.100 |
|
|
|
|
|
|
|
|
Total Investment – subject to ceiling u/s
80CCE |
|
0.100 |
0.108 |
|
|
|
|
------------ |
|
Total Income |
|
|
0.686 |
|
|
|
|
|
|
Total Income rounded off u/s 288A |
|
|
0.686 |
|
|
|
|
|
|
Tax on Total Income |
|
|
0.067 |
|
|
|
|
|
|
Add: Education Cess |
|
|
0.002 |
|
|
|
|
------------ |
|
Tax with cess |
|
|
0.069 |
|
|
|
|
|
|
Net Tax |
|
|
0.069 |
|
|
|
|
|
|
TDS |
|
0.017 |
|
|
Advance Tax |
|
0.030 |
|
|
Total Prepaid Tax |
|
|
0.047 |
|
|
|
|
------------ |
|
Balance Tax |
|
|
0.022 |
|
|
|
|
|
|
Interest u/s 234A |
|
0.001 |
|
|
Interest u/s 234B |
|
0.001 |
|
|
Interest u/s 234C |
|
0.001 |
0.003 |
|
|
|
|
------------ |
|
Net Tax Payable |
|
|
0.025 |
|
|
|
|
|
|
Self assessment Tax paid |
|
|
0.025 |
|
|
|
|
------------ |
|
Balance Tax Payable |
|
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF INCOME
MR. GURUPRASAD N. RAO
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from House Property |
|
|
|
|
Let-out properties |
|
|
|
|
Property 1: 16-01-52/2, Divya Deepa Arcade,
Tenant – Derebail Medical Agencies |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property1 |
|
0.042 |
|
|
|
|
|
|
|
Property 2: 16-01-52/2, Divya Deepa Arcade,
Tenant – Pharma 4 |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property2 |
|
0.042 |
|
|
|
|
|
|
|
Income chargeable under the head “House
Property” |
|
|
0.084 |
|
|
|
|
|
|
Profits and gains of Business or Profession |
|
|
|
|
Partnership Firm Income Pharma 4 |
|
0.044 |
|
|
Partnership Firm Income Derebail
Medical Agencies |
|
0.039 |
|
|
|
|
------------ |
|
|
Total Income from Business and
Profession |
|
0.083 |
|
|
|
|
|
|
|
Income chargeable under the head “Business
and Profession” |
|
|
0.083 |
|
|
|
|
|
|
Income from other sources |
|
|
|
|
Bank Interest |
|
0.017 |
|
|
|
|
|
|
|
Interest Income |
|
|
|
|
Other |
|
0.139 |
|
|
Taxable Interest |
|
0.139 |
|
|
|
|
|
|
|
Income chargeable under the head “Other
Sources” |
|
|
0.156 |
|
|
|
|
------------ |
|
Gross Total Income |
|
|
0.323 |
|
Deductions under Chapter VI-A |
|
|
|
|
80TTA: Interest on Saving Bank Account |
|
|
0.007 |
|
|
|
|
------------ |
|
Total Income |
|
|
0.316 |
|
|
|
|
------------ |
|
Total Income rounded off u/s 288A |
|
|
0.316 |
|
|
|
|
|
|
Tax on Total Income |
|
|
0.012 |
|
|
|
|
|
|
Rebate u/s 87A |
|
|
0.002 |
|
|
|
|
------------ |
|
Tax after rebate |
|
|
0.010 |
|
|
|
|
|
|
Add: Education Cess |
|
|
0.000 |
|
|
|
|
------------ |
|
Tax with cess |
|
|
0.010 |
|
|
|
|
------------ |
|
Net Tax |
|
|
0.010 |
|
|
|
|
|
|
TDS |
|
0.003 |
|
|
Total Prepaid Tax |
|
|
0.003 |
|
|
|
|
------------ |
|
Balance Tax |
|
|
0.007 |
|
|
|
|
|
|
Interest u/s 234A |
|
|
0.000 |
|
|
|
|
------------ |
|
Net Tax Payable |
|
|
0.007 |
|
|
|
|
|
|
Self assessment Tax paid |
|
|
0.007 |
|
|
|
|
------------ |
|
Balance Tax Payable |
|
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF INCOME
MRS. POORNIMA RAO P.
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from House Property |
|
|
|
|
Let-out properties |
|
|
|
|
Property 1: 16-01-52/2, Divya Deepa Arcade,
Tenant – Derebail Medical Agencies |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property1 |
|
0.042 |
|
|
|
|
|
|
|
Property 2: 16-01-52/2, Divya Deepa Arcade,
Tenant – Pharma 4 |
Share % |
25 |
|
|
|
|
|
|
|
Gross annual value |
|
0.240 |
|
|
Less: Municipal taxes |
|
0.000 |
|
|
|
|
------------ |
|
|
Net Annual Value |
|
0.240 |
|
|
|
|
------------ |
|
|
Share of NAV |
|
0.060 |
|
|
Less: Standard deduction u/s 24(a) |
|
0.018 |
|
|
|
|
------------ |
|
|
Net Income from Property2 |
|
0.042 |
|
|
|
|
|
|
|
Income chargeable under the head “House
Property” |
|
|
0.084 |
|
|
|
|
|
|
Profits and gains of Business or Profession |
|
|
|
|
Partnership Firm Income Pharma 4 |
|
0.117 |
|
|
Partnership Firm Income Derebail
Medical Agencies |
|
0.070 |
|
|
|
|
------------ |
|
|
Total Income from Business and
Profession |
|
0.187 |
|
|
|
|
|
|
|
Income chargeable under the head “Business
and Profession” |
|
|
0.187 |
|
|
|
|
|
|
Income from other sources |
|
|
|
|
Bank Interest |
|
0.020 |
|
|
Other Income |
|
0.030 |
|
|
|
|
|
|
|
Income chargeable under the head “Other
Sources” |
|
|
0.050 |
|
|
|
|
------------ |
|
Gross Total Income |
|
|
0.321 |
|
Deductions under Chapter VI-A |
|
|
|
|
80TTA: Interest on Saving Bank Account |
|
0.002 |
|
|
|
|
|
|
|
Investment u/s 80C, CCC, CCD |
|
|
|
|
Life Insurance Premium |
0.096 |
|
|
|
Tution fees |
0.020 |
|
|
|
|
|
|
|
|
Total Investment-subject to ceiling u/s
80CCE |
|
0.100 |
0.102 |
|
|
|
|
------------ |
|
Total Income |
|
|
0.219 |
|
|
|
|
------------ |
|
Total Income rounded off u/s 288A |
|
|
0.219 |
|
|
|
|
|
|
Tax on Total Income |
|
|
0.002 |
|
|
|
|
|
|
Rebate u/s 87A |
|
|
0.002 |
|
|
|
|
------------ |
|
Tax after rebate |
|
|
0.000 |
|
|
|
|
------------ |
|
Balance Tax Payable |
|
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF INCOME
MR. VINAY KUMAR RAI
[PROP. OF: SRI GANESH MEDICALS]
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from Business |
|
|
|
|
|
|
|
|
|
Net Profit as per Profit and Loss Account |
|
|
0.978 |
|
|
|
|
|
|
Add: Inadmissibles: |
|
|
|
|
Sec-37 Expenditure of personal nature – Vehicle
maintenance for own use maintenance for own use |
|
0.015 |
|
|
Depreciation as per Profit and Loss Account |
|
0.321 |
0.336 |
|
|
|
|
------------ |
|
|
|
|
1.314 |
|
Deductions |
|
|
|
|
Depreciation as per Income Tax Act |
|
|
0.321 |
|
|
|
|
------------ |
|
|
|
|
0.993 |
|
|
|
|
|
|
Income from Partnership Firms: |
|
|
|
|
Pharma 4 (PAN: AALFP4090J) |
|
|
|
|
Salary received from firm |
0.072 |
|
|
|
Interest received on Capital from firm |
0.083 |
|
|
|
(Capital Balance Rs. 0.674 Million) |
0.155 |
|
|
|
|
|
|
|
|
Taxable Income from Partnership Firm |
|
|
|
|
Share of Income from Partnership Firm (33%
of Share) |
0.045 |
|
0.155 |
|
|
|
|
------------ |
|
|
|
|
1.148 |
|
|
|
|
|
|
Income from Other Sources |
|
|
|
|
Bank Interest received: |
|
|
|
|
SB Interest |
0.003 |
|
|
|
FD Interest |
0.069 |
0.072 |
0.072 |
|
|
|
|
------------ |
|
Gross Total Income |
|
|
1.220 |
|
|
|
|
|
|
Less: Deduction under Chapter VI A |
|
|
|
|
Deduction u/s 80C |
|
|
|
|
Life Insurance Premium |
|
0.102 |
|
|
Allowable |
|
|
0.100 |
|
Deduction u/s 80TTA |
|
|
|
|
Deduction in respect of interest on deposits
in saving account |
|
|
0.003 |
|
|
|
|
------------ |
|
Total Income |
|
|
0.103 |
|
|
|
|
------------ |
|
Or Rs. (Million) |
|
|
1.117 |
|
|
|
|
------------ |
|
|
|
|
1.117 |
|
|
|
|
|
|
Tax on Total Income |
0.165 |
|
|
|
Add: Education cess @ 3% |
0.005 |
0.170 |
|
|
|
|
|
|
|
Less: TDS on Bank Interest |
0.002 |
|
|
|
Advance tax paid on |
|
|
|
|
Paid on 12.09.2013 |
0.040 |
|
|
|
Paid on 15.01.2014 |
0.040 |
|
|
|
Paid on 13.03.2014 |
0.050 |
0.132 |
|
|
|
|
------------ |
|
|
|
|
0.038 |
|
|
|
|
|
|
|
Add: Interest u/s 234A |
0.001 |
|
|
|
Interest u/s 234B |
0.003 |
|
|
|
Interest u/s 234C |
0.003 |
0.007 |
|
|
|
|
------------ |
|
|
Balance Tax Payable |
|
0.045 |
|
------------------------------------------------------------------------------------------------------------------------------
SRI GANESH MEDICALS
[PROP: MR. VINAY KUMAR RAI]
BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
|
4.030 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.030 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.362 |
|
|
2] Unsecured Loans |
|
|
1.000 |
|
|
TOTAL BORROWING |
|
|
1.362 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.392 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.762 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.471 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.035 |
|
|
Sundry Debtors |
|
|
0.768 |
|
|
Cash & Bank Balances |
|
|
0.562 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.032 |
|
Total
Current Assets |
|
|
3.397 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.200 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.038 |
|
Total
Current Liabilities |
|
|
0.238 |
|
|
Net Current Assets |
|
|
3.159 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.392 |
|
------------------------------------------------------------------------------------------------------------------------------
SRI GANESH MEDICALS
[PROP: MR. VINAY KUMAR RAI]
PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
18.851 |
|
|
|
Other Income |
|
|
1.162 |
|
|
|
TOTAL |
|
|
20.013 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Goods sold |
|
|
14.817 |
|
|
|
Input VAT |
|
|
1.197 |
|
|
|
Cooly |
|
|
0.108 |
|
|
|
Staff Salary |
|
|
1.320 |
|
|
|
Travelling Expenses |
|
|
0.188 |
|
|
|
Generator Expenses |
|
|
0.060 |
|
|
|
Vehicle Maintenance |
|
|
0.206 |
|
|
|
Computer Maintenance |
|
|
0.066 |
|
|
|
Shop Repairs and Maintenance |
|
|
0.314 |
|
|
|
Staff Food Expenses |
|
|
0.219 |
|
|
|
Miscellaneous Expenses |
|
|
0.078 |
|
|
|
Other Expenses |
|
|
0.141 |
|
|
|
TOTAL |
|
|
18.714 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
|
1.299 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.321 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.978 |
|
------------------------------------------------------------------------------------------------------------------------------
PHARMA-4
PROJECTED BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
|
3.893 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.893 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
12.500 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
12.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.393 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.154 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.211 |
|
|
Sundry Debtors |
|
|
12.538 |
|
|
Cash & Bank Balances |
|
|
0.093 |
|
|
Other Current Assets |
|
|
0.157 |
|
|
Loans & Advances |
|
|
0.250 |
|
Total
Current Assets |
|
|
23.249 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6.400 |
|
|
Other Current Liabilities |
|
|
0.610 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
7.010 |
|
|
Net Current Assets |
|
|
16.239 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.393 |
|
------------------------------------------------------------------------------------------------------------------------------
PHARMA-4
PROJECTED PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
95.045 |
|
|
|
Other Income |
|
|
0.960 |
|
|
|
TOTAL |
|
|
96.005 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Goods sold |
|
|
88.618 |
|
|
|
Freight Inwards |
|
|
0.021 |
|
|
|
Discount Allowed |
|
|
0.152 |
|
|
|
Interest Paid |
|
|
1.563 |
|
|
|
Rent paid |
|
|
0.360 |
|
|
|
Salaries paid |
|
|
1.560 |
|
|
|
Travelling Expenses |
|
|
0.240 |
|
|
|
Business Promotion Expenses |
|
|
0.312 |
|
|
|
Remuneration to Partners |
|
|
0.216 |
|
|
|
Interest on Capital |
|
|
0.325 |
|
|
|
Other Expenses |
|
|
0.575 |
|
|
|
TOTAL |
|
|
93.942 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
2.063 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
2.037 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
|
1.787 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Pharma 4 as the name suggests was born out of
a passionate mission of four individuals – “Healthcare and Cure for all at
affordable cost”.
The company was incorporated on month date
2009 as a private limited company under the Companies Act 1956/ as a
partnership firm.
Since inception the partners – Dr. Ullas
Prakash D’Souza, Mrs. Poornima Rao, Mr. Vinay Kumar Rai and Mr. Guruprasad N.
Rao have strived passionately to carve a niche for the firm and earn trust and
goodwill to become ‘the first choice’ of all major Hospitals like Fr. Mullers
Charitable Hospitals, KMC Attavar, KMC Manipal, UMC Jyothi, A.J. Hospital,
major nursing homes of Dakshina Kannada, Udupi and Coorg Districts.
The company’s has shown consistent performance
year on year with turnover ranging between 5-7 crores. Due to its Best
Business Practice (BBP) and Good Pharmacy Practice (GPP) the company
has become a preferred distributor for major Pharmaceutical brands such as
Roche, Cipla, Dabur, Panacea Biotech, Biocon to name a few.
The company is engaged in various CSR
activities and is committed to do everything possible to alleviate pain and
suffering of mankind.
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ULLAS D’SOUZA
(RS. IN MILLION)
|
LIABILITIES |
31.03.2014 |
ASSETS |
31.03.2014 |
|
|
|
|
|
|
|
|
Cash |
0.050 |
|
|
|
Saving Account |
0.899 |
|
|
|
Divya Deepa Arcade, Kankanady Property |
1.100 |
|
|
|
Capital in Pharma 4 and Derebail Medical
Agencies |
0.660 |
|
|
|
Shares |
0.100 |
|
|
|
Value of Jewellery |
0.500 |
|
|
|
|
|
|
NETWORTH |
3.309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
3.309 |
Total |
3.309 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. POORNIMA RAO
(RS. IN MILLION)
|
LIABILITIES |
31.03.2014 |
ASSETS |
31.03.2014 |
|
|
|
|
|
|
|
|
Cash |
0.100 |
|
|
|
Saving Account |
0.100 |
|
|
|
Value of Life Insurance Policies |
2.500 |
|
|
|
Divya Deepa Arcade, Kankanady Property |
1.100 |
|
|
|
Capital in Pharma 4 and Derebail Medical
Agencies |
0.575 |
|
|
|
Shares |
0.100 |
|
|
|
Value of Jewellery |
1.000 |
|
|
|
|
|
|
|
|
|
|
|
NETWORTH |
5.475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
5.475 |
Total |
5.475 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. GURUPRASAD N. RAO
(RS. IN MILLION)
|
LIABILITIES |
31.03.2014 |
ASSETS |
31.03.2014 |
|
|
|
|
|
|
|
|
Cash |
0.010 |
|
|
|
Saving Account |
0.320 |
|
|
|
Divya Deepa Arcade, Kankanady Property |
1.100 |
|
|
|
Capital in Pharma 4 and Derebail Medical
Agencies |
3.223 |
|
|
|
Value of Jewellery |
0.500 |
|
|
|
|
|
|
|
|
|
|
|
NETWORTH |
5.153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
5.153 |
Total |
5.153 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. VINAY KUMAR RAI
(RS. IN MILLION)
|
LIABILITIES |
31.03.2014 |
ASSETS |
31.03.2014 |
|
|
|
|
|
|
Creditors |
0.238 |
Cash |
0.210 |
|
Bank Loans |
0.362 |
Saving Account |
0.820 |
|
Other Loans |
1.000 |
Value of Life Insurance Policies |
2.500 |
|
|
|
Divya Deepa Arcade, Kankanady Property |
1.100 |
|
|
|
Stock |
2.035 |
|
|
|
NSC |
0.003 |
|
|
|
Debtors |
0.800 |
|
|
|
Capital in Pharma 4 and Derebail Medical
Agencies |
1.059 |
|
|
|
Value of Jewellery |
3.000 |
|
|
|
Fixed Assets |
1.763 |
|
|
|
|
|
|
|
|
|
|
|
NETWORTH |
11.690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
13.290 |
Total |
13.290 |
------------------------------------------------------------------------------------------------------------------------------
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. 63.85 |
|
|
1 |
Rs. 98.12 |
|
Euro |
1 |
Rs. 71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.