|
|
|
MIRA INFORM REPORT
|
Report No. : |
496454 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIVRA WELLNESS |
|
|
|
|
Registered
Office : |
Shop No. 19, Small Shop Paradise, Nirmal Life Style, LBS Marg, Mulund West,
Mumbai – 400080, Maharashtra |
|
Mobile No.: |
91-9821961055 (Ms. Neha Dedhia) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.824 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27ADRPV6195R1Z0 |
|
|
|
|
TIN No.: |
27530775511 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADRPV6195R |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Distributor
of medicine products. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
02 (Approximately) (As per site visit) |
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 14000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established in the year 2010 and it is having satisfactory track record. It is engaged as distributor of medicines. As per available financials of March 2017, the concern has achieved decent growth of 45.64% in its sales turnover along with fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by improved revenue profile and acceptable capital base. Rating continue to derive strength from its established track record of its business operation backed by entrepreneurial experience of the proprietor. Payments seems to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the given address and our executive have successfully traced the subject. At the premise our executive met Mr. Umesh (Staff) confirmed the existence of the subject on the given address and also provided with contact number (#9930583846). As per our executive’s observation, it is ground + 2 floor building and the subject is situated on ground floor and the area of the premises is approximately 200 SQ.FT. Location is easy to find. Locality seems to be commercial and area near the premises seems to be upmarket. Further, our executive have sighted approximately 2 employees at and sighted telephone, computer, air conditioner, office equipment and furniture items. Even, the name board of the subject was sighted at the given premise address. |
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
31-03-2016.
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 09.03.2018
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
|
Name : |
Ms. Neha Dedhia |
|
Designation : |
Operations and Compliance Manager |
|
Contact No.: |
91-9821961055 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered Office : |
Shop No. 19, Small Shop Paradise, Nirmal Life Style, LBS Marg, Mulund
West, Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-25676798 |
|
Mobile No.: |
91-9821961055 (Ms. Neha Dedhia) |
|
Fax No.: |
Not Available |
|
Area: |
200 Sq. ft. (As per site visit) |
|
Location: |
Owned |
|
Locality: |
Commercial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mrs. Ranjeeta Vinil |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Ms. Neha Dedhia |
|
Designation : |
Operations and Compliance Manager |
BUSINESS DETAILS
|
Line of Business : |
Distributor
of medicine products. (Confirmed by management) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and |
|
|
|
|
Purchasing : |
Cheque and Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users, Pharma Companies
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
R. C. Jain and Associates LLP Chartered Accountants |
|
Address : |
622-624, The corporate center, Nirmal Lifestyle, LBS Marg, Mulund
(West), Mumbai – 400080, Maharashtra, India |
|
Tel No: |
91-22-25628290 |
|
Email: |
|
|
Membership No: |
038096 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
CAPITAL ACCOUNT
|
PARTICULAR |
AMOUNT |
PARTICULAR |
AMOUNT |
|
To Drawings |
0.405 |
By Opening balance |
2.375 |
|
To TDSAY 15-16 |
0.008 |
By Capital Introduced |
0.600 |
|
To Bal c/fd |
4.824 |
By Profit and Loss b/fd |
2.262 |
|
|
5.237 |
|
5.237 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietors Capital |
|
4.824 |
2.375 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.824 |
2.375 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
2.472 |
0.000 |
|
|
TOTAL BORROWING |
|
2.472 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.296 |
2.375 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.046 |
0.055 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.856 |
0.803 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.100 |
1.942 |
|
|
Sundry Debtors |
|
2.285 |
(0.951) |
|
|
Cash & Bank Balances |
|
1.122 |
0.143 |
|
|
Other Current Assets |
|
0.335 |
0.029 |
|
|
Loans & Advances |
|
0.000 |
1.962 |
|
Total
Current Assets |
|
6.842 |
3.125 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.375 |
1.125 |
|
|
Other Current Liabilities |
|
0.008 |
0.080 |
|
|
Provisions |
|
0.065 |
0.403 |
|
Total
Current Liabilities |
|
0.448 |
1.608 |
|
|
Net Current Assets |
|
6.394 |
1.517 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.296 |
2.375 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
19.092 |
13.109 |
|
|
Other Income |
|
0.380 |
0.043 |
|
|
TOTAL |
|
19.472 |
13.152 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost Of Goods Sold |
|
16.006 |
11.113 |
|
|
Brokerage And Registry |
|
0.000 |
0.023 |
|
|
Audit Fees |
|
0.030 |
0.000 |
|
|
Business Promotion |
|
0.070 |
0.000 |
|
|
Computer Expenses |
|
0.011 |
0.019 |
|
|
Conveyance |
|
0.045 |
0.036 |
|
|
Discount Given |
|
0.042 |
0.000 |
|
|
Electricity Expenses |
|
0.021 |
0.025 |
|
|
Insurance Expenses |
|
0.019 |
0.018 |
|
|
Housekeeping And Cleaning
Charges |
|
0.004 |
0.000 |
|
|
Misellenaince Expenses |
|
0.004 |
0.026 |
|
|
Mobile Expenses |
|
0.000 |
0.003 |
|
|
Office Expenses |
|
0.010 |
0.038 |
|
|
Printing And Stationery |
|
0.000 |
0.002 |
|
|
Professional Fees |
|
0.054 |
0.025 |
|
|
Repairs And Maintains |
|
0.042 |
0.000 |
|
|
Salary |
|
0.773 |
0.519 |
|
|
Software |
|
0.000 |
0.003 |
|
|
Xerox Machine |
|
0.001 |
0.011 |
|
|
Staff Welfare |
|
0.010 |
0.039 |
|
|
Telephone Esp. |
|
0.029 |
0.000 |
|
|
Swachh Bharat Cess |
|
0.000 |
0.000 |
|
|
TOTAL |
|
17.171 |
11.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2.301 |
1.252 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.028 |
0.027 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
2.273 |
1.225 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.010 |
0.018 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
2.263 |
1.207 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
43.68 |
(26.48) |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
8.36 |
(13.78) |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.74 |
0.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
50.02 |
22.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.38 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.51 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.61 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.01 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
82.18 |
46.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
11.85 |
9.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
29.22 |
30.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
46.91 |
50.82 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
2.34 |
1.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.28 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.62 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.51 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
2.34 |
1.94 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Proprietors Capital |
2.375 |
4.824 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
2.375 |
4.824 |
|
|
|
|
|
Secured Loan |
0.000 |
0.000 |
|
Unsecured Loan |
0.000 |
2.472 |
|
Total borrowings |
0.000 |
2.472 |
|
Debt/Equity ratio |
0.000 |
0.512 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
13.109 |
19.092 |
|
|
45.640 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
13.109 |
19.092 |
|
Profit/(Loss) |
1.207 |
2.263 |
|
|
9.21% |
11.85% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
OBSERVATION POINTS
|
Name of Company : |
VIVRA WELLNESS |
|
|
|
|
Address : |
Shop No. 19, Small Shop Paradise, Nirmal Life Style, LBS Marg, Mulund
West, Mumbai – 400080, Maharashtra, India |
|
|
|
|
Mobile No.: |
91-9930583846 |
|
|
|
|
Person to whom we met: |
Name: Mr. Umesh (Staff Member) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Nirmal Life Style |
|
|
|
|
Total Floors of the building: |
Ground + 2 Floor |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises: |
200 Sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of Employees
seen at Premises : |
02 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture item: |
Yes |
|
|
|
|
Proof of visit: |
Photographs |
FIXED ASEETS:
- Furniture
- Printer
- Mobile
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
|
INR |
|
US Dollar |
1 |
INR 64.92 |
|
|
1 |
INR 90.22 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.