MIRA
INFORM REPORT
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Report Date : |
25.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
S R BIOSYSTEM |
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Registered Office : |
B- 10, Gupta Tower II, Vikas Puri, New Delhi – 110018 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2005 |
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Legal Form : |
Subject is a Partnership Concern with an Unlimited Liability of the
Partner. |
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Line of Business : |
Indenting Agent for Life Science Research Products serve in Indian
Research Fraternity. |
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 : |
USD 4000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having moderate track. No payment records
are available. It can be considered for small to mediocre business dealings at usual terms
and conditions. |
LOCATIONS
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Registered Office : |
B- 10, Gupta Tower II, Vikas Puri, New Delhi – 110018 |
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Tel. No.: |
91-11-47052285 / 42880885/ 28542875 |
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Fax No.: |
91-11-47052285 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. fts. |
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Location : |
Owned |
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Godown : |
Dwarka, New Delhi |
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Area : |
1200 Sq. fts. |
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Location : |
Rented |
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PARTNER
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Name : |
Mr. Atul Sinha |
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Designation : |
Partner |
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Mobile No. : |
91-9811127040 / 9312415918 |
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Date of Birth/Age : |
35 Years |
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Qualification : |
M.Sc. (Bio Science) |
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Experience : |
15 Years |
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Date of Appointment : |
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Name : |
Mr. S. K. Shrivastav |
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Designation : |
Partner |
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Date of Birth/Age : |
54 Years |
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Qualification : |
Ph. D |
BUSINESS DETAILS
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Line of Business : |
Indenting Agent for Life Science Research Products serve in Indian
Research Fraternity. |
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Imports : |
No Direct Import (Wanted to start Direct Import) |
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Terms Import: |
L/ C, D /A & DP |
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Terms : |
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Selling : |
Credit (30 to 60 Days) (Most of the Customer from Government of India
or State Government) |
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Purchasing : |
---- |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10 |
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Bankers : |
ICICI Bank Limited, Vikas Puri, New Delhi – 110018 |
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Facilities : |
Wanted to take Over Draft Negotiations are in pipe line |
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Banking
Relations : |
Unknown |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 million |
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Borrowed : |
--- |
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Total : |
Rs.1.000 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
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Sales Turnover |
1.500 |
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Gross Profit |
14 % |
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Profit After Tax |
9 % |
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Expected Sales (2007-08) : Rs.5.000 millions
LOCAL AGENCY
FURTHER INFORMATION
History
Mr. Atul Sinha was working with Axygen
Scientific, California, USA
Distributor of the company
Bio – Genex Surgical (I) Private Limited
72, The Male, Solan, Himachal Pradesh – 173212
He left the job and started the S R
Biosysytem.
Other Details Mr. S, K, Srivastava, Ph. D.
Ph. D, 1980, BAnaras Hindu University,
Varanasi
M. Sc., 1st Position, 1970 BAnaras
Hindu University, Varanasi
B. Sc., 1968, Gorakhpur University, Gorakhpur
(Ex) Dean Students Welfare, IET, Lucknow.
Web Details Attached :
The
Concern is a
young and dynamic company, specialized in the import and distribution of the
Life Science Research Products serve in Indian research fraternity.
The
Concern in strategic
collaboration of no of leading international manufacturers, has taken up sales initiatives
for life science research products, as a result The Concern has forged
extensive sales network for Life Science Research Product with the prime
objective to fulfill their scientists needs. The Concern has dedicated
marketing team of highly skilled and experienced personnel.
Mission Statement
" To support to fill up gaps in the
area of Life Science Research"
In other words The Concern wishes to be the first
thought that comes to the mind of the Life Science Researcher during need hours
As a knowledge organization The Concern is all set to offer technologically
high value, user-friendly and innovative products and subsequent supports with
the backup of advance theatrical knowledge base and practical experience in the
field of Life Sciences Research.
Market
The Concern has broad base
of satisfied clients viz, Life Science Research departments of national and
state level, Medical research encompassing universities (Academic) and
Hospitals, Pharmaceuticals and Biotech Industries.
The
Concern wishes
to aid the researcher first-by composing a high quality product portfolio with
innovative features that satisfied the customers need. The Concern continuously
strive hard in shaping their organization to tune entirely on the customers
needs.
The
Concern
will evolve
into a high class knowledge organization that can support the customer with
theatrical and practical knowledge base on Life Science Research.
Service
A wide range of research
and diagnostic products to apply in the field of Immunology, Molecular Biology,
Cell Biology, Genetic Engineering, Drug Discovery and Neon Technology.
Many of their suppliers maintain a constant
flow of new an innovative products that The Concern offer to the research community.
Access to a vast network of life Science
research products suppliers through out the world, besides their regular
supplier it is their aim to accommodate in all their customers needs.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.78 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.55.66 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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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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27 |
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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