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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504836

Report Date :

25.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TRANSLUMINA THERAPEUTICS LLP

 

 

Registered Office :

Ground Floor, Metro Tower, Local Shopping Complex, MOR Land, New Rajinder Nagar, New Delhi - 110060

Tel No.:

91-11-28742874

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

01.12.2009

 

 

Capital Investment / Paid-up Capital :

INR 0.100 Million

 

 

LLPIN No.:

AAA-0435

 

 

IEC No.:

[Import-Export Code No.]

0510074596

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAGFT2436H

 

 

GSTN :

[Goods & Service Tax Registration No.]

07AAGFT2436H2Z6

 

 

TIN No.:

07350424509

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Manufacturer and Exporter of transluminal devices, Other medical and scientific devices and other allied products and to act as a consultants of the same and Importer of raw material. (Registered Activity and also Confirmed by management)

 

 

No. of Employees :

10 (Approximately)

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 1200000

 

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists 

 

 

Comments :

Subject is a limited partnership liability firm established in the year 2009 and it is a manufacturer and exporter of transluminal devices, other medical and scientific devices and other allied products.

 

As per financials of March 2017, the firm has registered a growth of 38.70% in its revenue as compared to its previous year’s revenue and has reported a good profit margin of 36.95%.

 

Rating takes into consideration the firm’s satisfactory track record of business operations marked by sound capital base along with low solvency indicators and good liquidity position.

 

Payments seems to be regular.

 

In view of aforesaid, the firm 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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 31-03-2018.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 25.04.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Pawan

Designation :

Accounts Manager

Contact No.:

91-11-28742874

Date :

21.04.2018

 

 

LOCATIONS

 

Registered Office/ Corporate Office :

Ground Floor, Metro Tower Local Shopping Complex, MOR Land, New Rajinder Nagar, New Delhi - 110060, India

Tel. No.:

91-11-28742874

Fax No.:

91-11-28742873

E-Mail :

info@translumina.in

jobs@translumina.in

distributor@translumina.in

gurmit@atl-global.com

Website :

http://www.translumina.in

Location:

Owned

 

 

Factory:

Dehradun, Uttarakhand, India

 

 

PARTNERS

 

As on 31.03.2017

 

Name :

Mrs. Punita Sharda Charan Sharma

Designation :

Designated Partner

Address :

B I/25, II Nd Floor, Near Pusa Road, Karol Bagh, New Delhi – 110060, India

Date of Appointment :

01.12.2009

DPIN No.:

00821812

Other directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U33112DL2002PTC113960

ADVANCE THERAPEUTICS PRIVATE LIMITED

01/04/2004

-

U85110DL2008PTC177230

INTEGRIS HEALTH PRIVATE LIMITED

25/04/2008

-

 

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAE-2355

NIDUS SCIENTIFIC LLP

23/06/2015

-

 

 

Name :

Mr. Gurmit Singh Kartar Singh Chugh

Designation :

Designated Partner

Address :

10, Manav Apartments, A-3, Paschim Vihar, New Delhi – 110063, India

Date of Appointment :

21.10.2009

DPIN No.:

00821824

Other directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U33112DL2002PTC113960

ADVANCE THERAPEUTICS PRIVATE LIMITED

10/11/2007

-

U85110DL2008PTC177230

INTEGRIS HEALTH PRIVATE LIMITED

25/04/2008

-

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAE-2355

NIDUS SCIENTIFIC LLP

23/06/2015

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Pawan

Designation :

Accounts Manager

 

 

TOTAL OBLIGATION OF CONTRIBUTION OF PARTNERS

 

NOT AVAILABLE

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of transluminal devices, Other medical and scientific devices and other allied products and to act as a consultants of the same and Importer of raw material. (Registered Activity and also Confirmed by management)

 

 

Products :

  • Transluminal devices
  • Other medical
  • Scientific devices
  • Other allied products

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Transluminal devices, other medical and scientific device etc.

Countries :

  • Germany

 

 

Imports :

 

Products :

Raw Material

Countries :

  • Germany

 

 

Terms :

 

Selling :

Cash and Credit (30/ 60 Days)

 

 

Purchasing :

Cash and Credit (30/ 60 Days)

 

PRODUCTION STATUS : NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged  

Name of the Person :

--  

Contact No.:

--  

Since How Long Known :

--  

Maximum Limit Dealt :

--  

Experience :

--  

Remark:

--  

 

 

Customers :

Wholesalers, Retailers

Reference :

Not Divulged  

Name of the Person :

--  

Contact No.:

--  

Since How Long Known :

--  

Maximum Limit Dealt :

--  

Experience :

--  

Remark:

--  

 

 

No. of Employees :

10 (Approximately) 

 

 

Bankers :

Kotak Mahindra Bank Limited, 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai -400051, Maharashtra, India  

 

Bank Name

Kotak Mahindra Bank Limited

Branch

C-8, Vishal Enclave, Rajouri Garden, Block A, New Delhi - 110027, India

Person Name (With Designation)

-- 

Contact Number

91-11-45656272 (Ringing)

Name of Account Holder

-- 

Account Number

-- 

Account Since (Date/Year of Account Opening)

-- 

Average Balance Maintained (If Possible)

-- 

Credit Facilities Enjoyed (If any)

-- 

Account Operation

-- 

Remarks (If any)

-- 

 

Auditors :

 

Name :

Shishir Gupta and company

Chartered Accountants

Address :

Dehradun, Uttarakhand, India

 

 

Memberships :

Not Available 

 

 

Collaborators :

Not Available 

 

 

Sister Concern :

Not Available 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

TOTAL OBLIGATION OF CONTRIBUTION OF PARTNERS: INR 0.100 MILLION

 


 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

PARTNERS FUNDS

 

 

 

1] Contribution received

0.100

0.100

0.100

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

430.279

194.766

156.749

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

430.379

194.866

156.849

 

 

 

 

LOAN FUNDS

 

 

 

1] Secured Loans

0.334

0.868

1.597

2] Unsecured Loans

3.000

3.823

3.823

TOTAL BORROWING

3.334

4.691

5.420

 

 

 

 

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

433.713

199.557

162.269

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

124.875

140.055

96.625

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

165.896

97.297

53.901

Sundry Debtors

901.397

544.674

440.148

Cash & Bank Balances

142.214

101.586

34.767

Other Current Assets

0.000

0.000

0.000

Loans & Advances and Deposits

122.373

69.405

33.462

Total Current Assets

1331.880

812.962

562.278

 

 

 

 

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

Sundry Creditors

340.613

289.265

243.368

Other Current Liabilities

556.493

390.628

195.934

Provisions

125.936

73.567

57.332

Total Current Liabilities

1023.042

753.460

496.634

 

 

 

 

Net Current Assets

308.838

59.502

65.644

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

433.713

199.557

162.269

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

1178.737

849.874

705.687

 

Other Income

13.852

1.684

9.745

 

TOTAL

1192.589

851.558

715.432

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Raw material consumed

539.371

432.081

391.477

 

Purchases made for re-sale

0.000

0.000

0.211

 

Increase/(decrease) in stocks [including for raw
materials, work in progress and finished goods]

(70.646)

(3.855)

(11.624)

 

Power and fuel

3.292

0.000

0.000

 

Personnel Expenses

52.598

40.485

25.936

 

Administrative expenses

68.903

49.185

42.041

 

Payment to auditors

0.173

0.253

0.253

 

Selling expenses

19.665

16.069

9.526

 

Insurance expenses

0.333

0.455

0.516

 

Other expenses

7.134

7.707

0.372

 

TOTAL

620.823

542.380

458.708

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

571.766

309.178

256.724

 

 

 

 

 

Less

INTEREST 

0.071

0.097

0.244

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

571.695

309.081

256.480

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

17.816

2.333

2.735

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

553.879

306.748

253.745

 

 

 

 

 

Less

TAX

118.367

68.730

53.238

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

435.512

238.018

200.507

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

279.12

233.92

227.66

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.31

1.56

1.60

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

230.50

244.36

226.79

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

3.45

3.18

4.76

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

4.58

2.21

2.66

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.70

0.80

0.76

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.01

0.02

0.03

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

2.38

3.89

3.19

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.29

0.72

0.62

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

8053.04

3187.40

1052.15

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

36.95

28.01

28.41

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

29.90

24.98

30.43

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

101.19

122.14

127.83

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.30

1.07

1.12

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.14

0.95

1.02

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.30

0.20

0.24

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

33.34

46.91

54.20

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.30

1.07

1.12

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Contribution received

0.100

0.100

0.100

Reserves & Surplus

156.749

194.766

430.279

Net worth

156.849

194.866

430.379

 

 

 

 

Secured loan

1.597

0.868

0.334

Unsecured loan

3.823

3.823

3.000

Total borrowings

5.420

4.691

3.334

Debt/Equity ratio

0.035

0.024

0.008

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

705.687

849.874

1178.737

 

 

20.432

38.696

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

705.687

849.874

1178.737

Profit

200.507

238.018

435.512

 

28.41%

28.01%

36.95%

 

 

LEGAL CASES

 

 

http://54.234.29.250/ferretops/mirascreenshots/5ad72c50d4e37648700000435ad72c8cd4e37607ea02b3b9.jpg

 

 

 

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

No

11]

Pan Card No. of Proprietor / Partners

No

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)

Yes

16]

No. of employees

Yes

17]

Details of sister concerns

No

18]

Major suppliers

No

19]

Major customers

No

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

No

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

Yes

33]

Market information

--

34]

Payments terms

Yes

35]

Negative Reporting by Auditors in the Annual Report

No

 

INDEX OF CHARGES:

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

M04690384

100104055

KOTAK MAHINDRA BANK LIMITED

13/08/2014

26/05/2017

-

117500000.0

27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI 400051 MAHARASHTRA, INDIA

 


 

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 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

INR

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

 

 

INFORMATION DETAILS

 

Information Gathered by :

RUB

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

RKI

 


 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.