MIRA INFORM REPORT
|
Report No. : |
312530.2 |
|
Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN PHARMACEUTICALS DISTRIBUTORS |
|
|
|
|
Registered
Office : |
Shop No. 66/7, Khazanchiyan Bazar, Near Jhuthra Dharamshala, Hisar –
125001, Haryana |
|
Tel. No.: |
91-1662-272265 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 [Provisional] |
|
|
|
|
Year of
Establishment : |
2004 |
|
|
|
|
Capital
Investment : |
Rs. 5.450 Million [Provisional] |
|
|
|
|
TIN No.: |
06431534113 |
|
|
|
|
IEC No.: |
3314001266 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AIUPK7391J |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer and Distributor super speciality medicines and lifesaving
drugs. |
|
|
|
|
No. of Employees
: |
15 (Approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory
track record. Sunil Garg (Manager) has provided us with all information. Trade relations are reported as fair. Business is active. Payment terms
are usually correct. The concern can be considered for 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 – 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 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil Garg |
|
Designation : |
Manager |
|
Contact No.: |
91-9991000110 |
|
Date : |
22.04.2015 |
|
Name : |
Mr. Surender Garg |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9215092158 |
|
Date : |
22.04.2015 |
LOCATIONS
|
Registered Office : |
Shop No. 66/7, Khazanchiyan Bazar, Near Jhuthra Dharamshala, Hisar –
125001, Haryana, India |
|
Tel. No.: |
91-1662-272265 |
|
Mobile No.: |
91-9215092158 (Mr. Surender Garg) 91-9991000110 (Mr. Sunil Garg) 91-9991000119 (Mr. Sachin) |
|
Fax No.: |
91-1662-270871 |
|
E-Mail : |
|
|
Area : |
2500 Sq. Ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Located at:
|
SOLE PROPRIETOR
|
Name : |
Mr. Surender Garg |
|
Designation : |
Proprietor |
|
Address : |
288, Churuwali Gali, Near D.N. College Road, Hisar – 125001, Haryana,
India |
|
Date of Birth/Age : |
26.06.1981 |
|
Qualification : |
B.Com |
|
Experience : |
12 Years |
|
PAN No.: |
AIUPK7391J |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Garg |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor super speciality medicines and lifesaving
drugs. |
|
|
|
|
Products : |
Medicines and lifesaving drugs |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
15 (Approximately) [In Office] |
||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
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Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Anoop Goel and Associates Chartered Accountants |
|
Address : |
19, Opposite Shivji Street, D.N. College Road, Hisar – 125001,
Haryana, India |
|
Tel. No.: |
91-1662-272883 |
|
Fax No.: |
91-9896042420 |
|
E-Mail : |
|
|
|
|
|
Name : |
Ms. Dharmpaul Chartered Accountant |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns : |
Bhaskar
Distributors Address: 66/7, Basement
Khazanchiyan Bazar, Near Jhuthar Dharamshala, Hisar – 125001, Haryana, India Line of
Business: Wholesaler of Medicines. Cardiac Care
Pharmacy Address: Inside O.P.
Jindal Hospital, Hisar – 125005, Haryana, India Tel. No.: 91-1662-223101 Line of
Business: Retailer of Medicines. |
CAPITAL STRUCTURE
CAPITAL ACCOUNT
AS ON 31.03.2015
[PROVISIONAL]
(RS. IN MILLION)
|
PARTICULARS |
|
|
AMOUNT
|
|
|
|
|
|
|
Mr. Surender Garg |
|
|
5.450 |
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] Proprietor Capital |
5.450 |
(0.946) |
2.695 |
|
|
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 |
5.450 |
(0.946) |
2.695 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.769 |
7.982 |
0.000 |
|
|
2] Unsecured Loans |
6.343 |
5.720 |
4.641 |
|
|
TOTAL BORROWING |
11.112 |
13.702 |
4.641 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.562 |
12.756 |
7.336 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.963 |
1.004 |
0.542 |
|
|
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 |
7.584
|
6.423
|
5.440 |
|
|
Sundry Debtors |
12.684
|
8.481
|
2.686 |
|
|
Cash & Bank Balances |
1.445
|
0.766
|
1.462 |
|
|
Other Current Assets |
0.159
|
0.127
|
1.631 |
|
|
Loans & Advances |
0.192
|
2.720
|
0.636 |
|
|
Branch and Division |
(0.288)
|
0.000
|
0.000 |
|
Total
Current Assets |
21.776
|
18.517
|
11.855 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.867
|
6.765
|
5.061 |
|
|
Other Current Liabilities |
0.223
|
|
|
|
|
Provisions |
0.087
|
|
|
|
Total
Current Liabilities |
6.177
|
6.765
|
5.061 |
|
|
Net Current Assets |
15.599
|
11.752
|
6.794 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.562 |
12.756 |
7.336 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
97.461 |
77.050 |
54.600 |
|
|
|
Other Income |
0.000 |
0.343 |
0.559 |
|
|
|
TOTAL |
97.461 |
77.393 |
55.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
90.633 |
72.026 |
50.668 |
|
|
|
Other Expenses |
0.684 |
2.694 |
2.820 |
|
|
|
Bank Charges |
0.034 |
0.000 |
0.000 |
|
|
|
Direct Expenses |
0.006 |
0.000 |
0.000 |
|
|
|
Car Expenses |
0.138 |
0.000 |
0.000 |
|
|
|
Travelling Expenses |
0.043 |
0.000 |
0.000 |
|
|
|
Electricity Expenses |
0.064 |
0.000 |
0.000 |
|
|
|
Entertainment Expenses |
0.059 |
0.000 |
0.000 |
|
|
|
Software Charges |
0.004 |
0.000 |
0.000 |
|
|
|
Conveyances Expenses |
0.097 |
0.000 |
0.000 |
|
|
|
Festival Expenses |
0.051 |
0.000 |
0.000 |
|
|
|
Freight paid |
0.027 |
0.000 |
0.000 |
|
|
|
Generator Expenses |
0.080 |
0.000 |
0.000 |
|
|
|
Insurance Expenses |
0.002 |
0.000 |
0.000 |
|
|
|
Investigation Charges |
0.050 |
0.000 |
0.000 |
|
|
|
Legal Expenses |
0.010 |
0.000 |
0.000 |
|
|
|
Levies / Discount Expenses |
0.725 |
0.000 |
0.000 |
|
|
|
Misc. Expenses |
0.017 |
0.000 |
0.000 |
|
|
|
Mobile Phone Expenses |
0.009 |
0.000 |
0.000 |
|
|
|
Newspaper Expenses |
0.002 |
0.000 |
0.000 |
|
|
|
Salary Expenses |
1.127 |
0.000 |
0.000 |
|
|
|
Stationary Expenses |
0.025 |
0.000 |
0.000 |
|
|
|
TOTAL |
93.887 |
74.720 |
53.488 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3.574 |
2.673 |
1.671 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES / INTEREST |
1.045 |
0.947 |
0.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.529 |
1.726 |
1.184 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.163 |
0.180 |
0.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.366 |
1.546 |
1.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.366 |
1.546 |
1.080 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.43 |
2.01 |
1.98 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.67 |
3.47 |
3.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.41 |
7.92
|
8.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
(1.63)
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.04 |
(14.48)
|
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.53 |
2.74
|
2.34 |
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) |
|
Proprietor
Capital |
2.695 |
(0.946) |
5.450 |
|
Profit
and Loss Account |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2.695 |
(0.946) |
5.450 |
|
|
|
|
|
|
Secured Loans |
0.000 |
7.982 |
4.769 |
|
Unsecured Loans |
4.641 |
5.720 |
6.343 |
|
Total borrowings |
4.641 |
13.702 |
11.112 |
|
Debt/Equity ratio |
1.722 |
(14.484) |
2.039 |
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 |
54.600 |
77.050 |
97.461 |
|
|
|
41.117 |
26.491 |
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 |
54.600 |
77.050 |
97.461 |
|
Profit |
1.080 |
1.546 |
2.366 |
|
|
1.98% |
2.01% |
2.43% |
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 |
Yes |
|
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 |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS. IN MILLION)
|
PARTICULAR |
31.03.2015 [Provisional] |
31.03.2014 |
|
Unsecured Loans |
6.343 |
5.720 |
|
Total |
6.343 |
5.720 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
31.03.2017 [Projected] |
31.03.2016 [Projected] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
11.200 |
7.900 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
11.200 |
7.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
5.500 |
5.500 |
|
|
2] Unsecured Loans |
|
7.590 |
6.900 |
|
|
TOTAL BORROWING |
|
13.090 |
12.400 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
24.290 |
20.300 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.635 |
0.800 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
12.657
|
10.000
|
|
|
Sundry Debtors |
|
15.880
|
14.000
|
|
|
Cash & Bank Balances |
|
0.988
|
0.900
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
0.620
|
0.500
|
|
Total
Current Assets |
|
30.145
|
25.400
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
6.050
|
5.500
|
|
|
Other Current Liabilities |
|
0.330
|
0.300
|
|
|
Provisions |
|
0.110
|
0.100
|
|
Total
Current Liabilities |
|
6.490
|
5.900
|
|
|
Net Current Assets |
|
23.655
|
19.500
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
24.290 |
20.300 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
|
31.03.2017 [Projected] |
31.03.2016 [Projected] |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
132.000 |
120.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
132.000 |
120.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
122.738 |
111.580 |
|
|
|
Other Expenses |
|
0.000 |
0.000 |
|
|
|
Direct Expenses |
|
0.022 |
0.020 |
|
|
|
Bank Charges |
|
0.044 |
0.040 |
|
|
|
Computer Expenses |
|
0.011 |
0.010 |
|
|
|
Car Expenses |
|
0.220 |
0.200 |
|
|
|
Conveyances Expenses |
|
0.110 |
0.100 |
|
|
|
Entertainment Expenses |
|
0.077 |
0.070 |
|
|
|
Freight Expenses |
|
0.038 |
0.035 |
|
|
|
Electricity Expenses |
|
0.083 |
0.075 |
|
|
|
Festival Expenses |
|
0.071 |
0.065 |
|
|
|
Generator Expenses |
|
0.137 |
0.125 |
|
|
|
Insurance Expenses |
|
0.011 |
0.010 |
|
|
|
Bonus |
|
0.286 |
0.260 |
|
|
|
Interest paid to Bank |
|
0.660 |
0.600 |
|
|
|
Software Charges |
|
0.028 |
0.025 |
|
|
|
Legal and Professional Expenses |
|
0.022 |
0.020 |
|
|
|
Levies / Discount Expenses |
|
0.893 |
0.813 |
|
|
|
Travelling Expenses |
|
0.055 |
0.050 |
|
|
|
Misc. Expenses |
|
0.028 |
0.025 |
|
|
|
Mobile Phone Expenses |
|
0.017 |
0.015 |
|
|
|
Telephone Expenses |
|
0.022 |
0.020 |
|
|
|
Newspaper Expenses |
|
0.003 |
0.002 |
|
|
|
Printing and Stationary Expenses |
|
0.077 |
0.070 |
|
|
|
Packaging Expenses |
|
0.033 |
0.030 |
|
|
|
Postage Expenses |
|
0.055 |
0.050 |
|
|
|
Repair and Maintenance Expenses |
|
0.044 |
0.040 |
|
|
|
Salary Expenses |
|
0.198 |
0.180 |
|
|
|
Salary to staff |
|
1.430 |
1.300 |
|
|
|
Sales Promotion |
|
0.055 |
0.050 |
|
|
|
Shop Expenses |
|
0.132 |
0.120 |
|
|
|
Rent |
|
0.275 |
0.250 |
|
|
|
TOTAL |
|
127.875 |
116.250 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
4.125 |
3.750 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES / INTEREST |
|
0.660 |
0.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.465 |
3.150 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.165 |
0.150 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
3.300 |
3.000 |
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. SURENDER KUMAR
(RS. IN MILLION)
|
PARTICULARS |
AMOUNT |
|
|
|
|
Improvable Assets |
0.000 |
|
|
|
|
Other Assets |
|
|
Capital with Indian Pharmaceuticals, Hisar (As per Balance Sheet as on 31.03.2014) |
3.483 |
|
|
|
|
Balance with partnership firm named as Cardiac Care Pharmaceuticals |
0.052 |
|
|
|
|
PPF Balance (As per Balance Sheet as on 31.03.2014) |
0.162 |
|
|
|
|
Bank Balance |
0.002 |
|
|
|
|
Total Assets |
3.699 |
|
|
|
|
Liabilities |
0.000 |
|
|
|
|
Net Worth |
3.699 |
------------------------------------------------------------------------------------------------------------------------------
ABOUT
Subject established in May 2004 by Mr. Surender Garg and are working in the field of pharmaceuticals and medical devices.
THEIR ACHIEVEMENTS
Subject has been started in pharma business and expanded its roots in the field of Medical devices, Surgical disposables, Cardiology, Nephrology, Biopharmaceutical Drugs, Oncology Drugs etc.
THEIR COMMITMENT
Subject is
committed to do business with fullest integrity and promote principle products
as per the terms agreed. And ensure the business is grown in the defined
territory.
EXPECTATIONS
They would expect Roche to give support in followings:
- Transparency in communication
- Deal specific Pricing support
STRENGTH
- Subject has deep knowledge of Healthcare products and healthcare market
- Strong relationship with the leading Doctors and medical professional
- Have network of people to manage and scale up business
------------------------------------------------------------------------------------------------------------------------------
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 records 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. 63.76 |
|
|
1 |
Rs. 97.79 |
|
Euro |
1 |
Rs. 69.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
|
46 |
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.