MIRA INFORM REPORT
|
Report Date : |
02.11.2006 |
IDENTIFICATION DETAILS
|
Name : |
NUTAN
SCIENTIFIC INSTRUMENTS |
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|
|
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Registered Office : |
445
- B, NST House, Street No. 5, Durgapuri Extension, Loni Road, Shahdara, New
Delhi – 110 093 |
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Country : |
India
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.01.1997 |
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Legal Form : |
Sole
Proprietory Concern |
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|
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Line of Business : |
Manufacturer,
Traders and Exporter of all type of Cable Testing Laboratory Instruments,
Electrical, Electronics, Mechanical and Scientific Instruments. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
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 an established small concern in its field. Trade relations are fair.
Payments are usually correct and as per commitments. The
concern can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
445-B, NST House, Street
No. 5, Durgapuri Extension, (Loni Road), Shahdara, New Delhi – 110 093, India
|
|
Tel. No.: |
91-11-22126441 |
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Fax No.: |
91-11-22584766 |
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Mobile No.: |
91-9810116845 |
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E-Mail : |
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Website : |
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Area : |
550
sq. ft. |
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Location : |
Owned
|
|
|
|
|
Factory : |
A
– 220, Sector – A – 4, Tronica City Industrial Area, Loni, Gaziabad, Uttar
Pradesh |
|
Tel. No.: |
91-120-65587370
/ 65839589 |
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Fax No.: |
91-11-22584766 |
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Mobile No.: |
91-9810116845 |
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E-Mail : |
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|
Website : |
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Area : |
550
sq. ft. |
|
Location : |
Owned
|
SOLE PROPRIETOR
|
Name : |
Mr.
Y. K. Sharma |
|
Designation : |
Sole
Proprietor |
|
Address : |
445-B, NST House, Street
No. 5, Durgapuri Extension, (Loni Road), Shahdara, New Delhi – 110 093, India
|
|
Date of Birth/Age : |
40
years |
|
Qualification : |
DE
Engineering |
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Experience : |
15
years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Traders and Exporter of all type of Cable Testing Laboratory Instruments,
Electrical, Electronics, Mechanical and Scientific Instruments. |
|
|
|
|
Products : |
PVC
Insulation Cables Lab Instruments Rubber
Cable Lab Instruments E.R.L.S.
Lab Instruments X.L.P.E.
Lab Instruments Switch
Lab Instruments Moulded
Plug Top Lab Instruments FRLS
Lab Instruments Enameled
Copper Wire Lab Instruments Metallurgical Lab Instruments |
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Brand Names : |
‘NUTAN’
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Exports to : |
Nepal,
Dubai, Sri Lanka and Noida |
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Terms : |
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Selling : |
Cash
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Purchasing : |
Cash
[30 days] |
PRODUCTION STATUS
|
Particulars |
|
Unit |
Installed Capacity |
Actual Production |
|
Laboratory Instruments |
|
Millions |
2 |
5 |
GENERAL INFORMATION
|
Suppliers : |
Poinker
Electric Private Limited, Nepal Motherson
Sumi System, Sri Lanka Aquatic
Electrical Limited, Noida Elfit
Export Private Limited, Dubai |
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Customers : |
End
Users |
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No. of Employees : |
22 |
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|
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Bankers : |
Central
Bank of India Jyoti
Nagar, Delhi – 110 093 ICICI
Bank Preet
Vihar, Delhi – 110 093 Oriental
Bank of Commerce Loni,
Gaziabad, Uttar Pradesh |
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|
|
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Facilities : |
Credit
Limit: Rs. 0.500 millions from Central Bank of India Credit
Limit: Rs. 1.000 million from Oriental Bank of Commerce |
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Banking Relations : |
Satisfactory
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|
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Sister Concerns : |
Nutan
Calibration Lab 445-B,
NST House, Street No. 5, Durgapuri Extension, (Loni Road), Shahdara, New
Delhi – 110 093, India --Line
of Business: Calibration and Source all type of Laboratory Instruments. Nutan
Calibration Lab A
– 220, Sector – A – 4, Tronica City Industrial Area, Loni, Gaziabad, Uttar
Pradesh Line
of Business : Calibration of all type of Laboratory Instrument |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.
0.200 millions |
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Borrowed : |
Nil
|
|
Total : |
Rs.
0.200 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2006 |
|
Sales Turnover |
|
|
1.900 |
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|
|
|
|
|
Export Value |
|
|
2.200 |
WEBSITE
DETAILS :
Committed to manufacture superlative equipment and
instruments for research purposes and laboratories.
In
the field of Cable Laboratory Instruments, Electrical, Electronic, Mechanical
and Scientific Equipment 'Nutan
Scientific Instruments' is an eminent manufacturer and exporter. Since
1997, they have been manufacturing high quality products for various
industries and laboratories.
Their range of instruments and
equipment are well known for smooth functioning and reliable performance.
All
instruments and equipment are manufactured as per IS standards and are calibrated from N.P.L. & E.R.T.L., New Delhi.
Having vast applicability in various industries and laboratories in India,
their instruments have a niche market at the international level as well. Long
experience and well-versed knowledge of the field has provided us the
capability to deliver the best to their esteemed customers. With
state-of-the-art manufacturing facility and modern equipment, they manufacture
technically advanced laboratory
equipment, electrical, electronics, mechanical and scientific instruments
with constant upgradation.
Some of our instruments and equipment, well placed in the market are:
PVC
Insulation Cable Lab Instruments
|
Tensile
Testing Machine |
Dumbell
Die |
Preheater/
Butt Welder |
A.C.
High Voltage Tester |
|
D.C.
High Voltage Tester |
Thermal
Stability Test Apparatus |
Ageing
Oven/ Water Bath/ Hot Air Oven |
Conditioning
Chamber |
|
Heat
Shock Manderls |
Cold
Impact Apparatus |
Deformation
Apparatus |
Traveling
Microscope |
|
Electronic
Balance |
Stopwatch |
Million
Megohm Meter |
Milliohm
& Micro-OHM Meter |
|
Cable
Faults Locator |
Capacitance
Meter |
Thermometer |
Humidity
Chamber |
|
Torsion
Machine |
- |
- |
- |
Rubber
Cable Lab Instruments
|
Oxygen
Bomb Test Apparatus |
Ozone
Test Apparatus |
Hot
Set Test Apparatus |
Flexing
Tester Apparatus |
|
Oil
Bath Apparatus |
- |
- |
- |
E.R.L.S.
Lab Instruments
|
Smoke
Density Apparatus |
Oxygen
Indux Apparatus |
H.C.L.
Test Apparatus |
Swedish
Chimney Apparatus |
|
Flammibility
Test Apparatus |
Hydraulic
Press Machine |
Rolling
Mill |
- |
X.L.P.E.
Lab Instruments
|
Hot
Set Apparatus |
Water
Absorption Apparatus |
Vacuum
Oven |
Vacuum
Pump |
And...
|
Switch Lab Instruments |
Moulded Plug Top Lab
Instruments |
|
FRLS Lab Instruments |
Enameled Copper Wire Lab
Instruments |
Metallurgical Lab Instruments
Their purpose is to achieve commercial goals in compliance with customer
satisfaction. They are committed to deliver best quality laboratory equipment, electrical,
electronics, mechanical and scientific instruments at highly competitive
prices.
COMPANY
PROFILE
|
Business Type |
Exporter, Manufacturer |
|
Export Percentage |
20% |
|
Primary Competitive
Advantages |
Quality
products, continuous research and development and competitive rates. |
|
Sales Volume |
Rs. 0.500 million |
|
No of Staff |
10 |
|
Year of Establishment |
1991 |
|
No of Production Lines |
2 |
|
Export Markets |
Worldwide |
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OEM Service Provided |
No |
|
Production Type |
Automatic, semi-automatic
and manual |
|
No of Engineers |
5 |
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.86 |
|
UK
Pound |
1 |
Rs.85.24 |
|
Euro |
1 |
Rs.56.99 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
37 |
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
|
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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |