MIRA
INFORM REPORT
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Report Date : |
02.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
DENTAL
INSTRUMENTS |
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Registered Office : |
260/15,
Godbole Building, Sane Guruji Marg, Mumbai – 400011 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer
of Dental Instruments (Orthodontic Instrument) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small
Concern |
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Payment Behaviour : |
Slow
but Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a small concern having moderate track. Trade relations are fair. Payments
are reported as slow but correct. The
concern can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
260/15,
Godbole Building, Sane Guruji Marg, Mumbai – 400011 |
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Tel. No.: |
91-22-23004183/30955023 |
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Mobile No.: |
91-9820054871 |
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Fax No.: |
91-22-23003654/23003564 |
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E-Mail : |
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Website.: |
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Area : |
600
Sq. ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. S
S Rao |
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Designation : |
Partner
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Date of Birth/Age : |
50
Years |
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Qualification : |
Graduate
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Experience : |
30
Years |
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Name : |
Mr.
Jitendra Rao |
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Designation : |
Partner
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BUSINESS DETAILS
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Line of Business : |
Manufacturer
of Dental Instruments (Orthodontic Instrument) |
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Products : |
Dental
Instrument |
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Exports to : |
Canadian
and African Countries |
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Imports from : |
Sweden,
Europe, USA and Far |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Wholesalers,
End Users and Colleges and Hospital |
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No. of Employees : |
15 |
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Bankers : |
ICICI
Bank, Bombay Central Branch, Mumbai |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory
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Associates/Subsidiaries : |
Surgical
Instrument Manufacturing Company 260/15,
Godbole Building, Sane Guruji Marg, Mumbai – 400011 Started
– 1946 Line
of Business – Manufacturing in Surgical Instruments |
CAPITAL STRUCTURE
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Capital
Investment : |
|
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Owned : |
Rs.
1.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
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31.03.2006 |
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Sales Turnover |
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4.000 |
LOCAL AGENCY
FURTHER INFORMATION
What makes DENTICON instrument different
is, their entire product are designed and tested with close co-operation of the
clinician. Attention to detail is maintained throughout the manufacturing
process. Their experienced craftsmen hand-finished every instrument and ensure
that all product meet exact specifications.
A good smile adds up to the personality of an individual. A fabulous smile
makes you attractive and also improves one's confidence levels. Braces improve
the smile and therefore improve the appearance.
Orthodontics is the specialization of dentistry, which deals with correcting
the bite and arrangement of teeth, therefore improves the smile and function of
the teeth
About Us
They take pleasure in introducing ourselves as the leading manufacturer of Dental and Orthodontic instrument
Being in the field since last four decade they assure you the highest and most durable quality standard instruments.
What makes Denticon instrument different is, their entire product are designed and tested with close co-operation of the clinician. Attention to detail is maintained throughout the manufacturing process. Their experienced craftsmen hand-finished every instrument and ensure that all product meet exact specifications
Denticon instrument are manufactured from highly corrosion-resistant, surgical grade stainless steel. All cutting instrument have diamond honed tool steel insert and are specially treated.
The products manufactured by Denticon are guaranteed against defect in material and workmanship for the 'life of the instrument' (Condition apply).
The Denticon instruments are competitively priced to meet the need of international market, without any compromise in quality.
The success of Denticon brand Orthodontic instrument has encouraged us to diversify into other branches of dentistry.
Introduction:
Orthodontics today has refined the principles of tooth movement. When one dates
back into history, they have seen the use of various ways and means of
correcting dental irregularities. These have ranged from the use of rubber
bands to use of headgears and various jaw propulsors. One must however consider
the fact that "every action has an equal and opposite reaction"
according to the Newton's third law. There is a very thin line between the
success and failure of a case and it is this reaction force, which plays a
major influence. The role of an orthodontist is to minimize these reactionary
forces. The result of these reactions may lead to a disaster. Orthodontists may
use better term "Loss of Anchorage".
Various ways and means have been used previously in order to minimize these reactionary forces. In other words they call it Anchorage Control. However until today none of these have provided us with stationary anchorage. More recently an innovation in the field of orthodontics has now greatly influenced the way in which biomechanics can be applied more efficiently. With this innovation they can achieve maximum anchorage control and significantly reduce the duration of treatment hence simplifying the mechanics. This innovation is very small but it makes a big difference and they call it The Micro Implant Anchorage System.
The Denticon Titanium Micro Implant (OMI) has been designed specifically for orthodontic use and has a button like head with a small hole that accepts ligature and elastomers. The OMI (Orthodontic Micro Implant) smaller diameter of 1.2-1.4mm allows it to insert into many areas of the maxilla and mandible.
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 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.44.93 |
|
UK
Pound |
1 |
Rs.85.69 |
|
Euro |
1 |
Rs.57.32 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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39 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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