MIRA
INFORM REPORT
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Report Date : |
26th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
STAAN BIOMED ENGINEERING PRIVATE LIMITED |
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Registered Office : |
213 LGB Complex, Big Bazar Street, Coimbatore – 641 001, Tamilnadu,
India |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
10.07.2003 |
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Com. Reg. No.: |
18-10665 |
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CIN No.: [Company
Identification No.] |
U51507TZ2003PTC010665 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer and Exporter of Surgical Tables, Surgical Instruments and
Implants |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
-- |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
As per Registry, no financials are available. Legally, it can be said
as “default company”. Management of the company remained non-cooperative despite our several
approaches. In view of the aforesaid, it would be advisable to deal with the
company on fully safe and secured trade terms and conditions, initially. |
LOCATIONS
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Registered Office : |
213 LGB Complex, Big Bazar Street, Coimbatore – 641 001, Tamilnadu,
India |
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Corporate Office : |
190-A, Bharathiar Road, Ganapathy, Coimbatore – 641 006, Tamilnadu,
India |
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Tel. No.: |
91-422-2533806 |
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Mobile No.: |
91-9363121030/ 91-9842219018 |
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Fax No.: |
91-422-2533806 |
DIRECTORS
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Name : |
Mr. Maria Albert Stanly |
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Designation : |
Managing Director |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Surgical Tables, Surgical Instruments and
Implants |
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Products : |
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Exports : |
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Countries : |
USA, Canada and UK |
GENERAL
INFORMATION
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No. of Employees : |
About 20 |
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Bankers : |
Not Available |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
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Amount |
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1000000 |
Equity Shares |
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Rs. 1.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
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Amount |
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500000 |
Equity Shares |
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Rs. 0.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financial are available since incorporation of the company from
primary or secondary sources.
Management remained non-cooperative during our several approaches.
LOCAL AGENCY
FURTHER INFORMATION
As per Web:
Profile
Established in the year 2003, they, “Staan
Bio-Med Engineering (Private) Limited”, started with a vision
to supply impeccable quality surgical equipments to a wide spectrum of
customers. Today, within two years of establishment, they have convinced performance
to the worldwide customers and entrenched ourselves as the most competitive
manufacturer and exporter of Surgical
Tables, Surgical Instruments and Implants. They have secured a
position of reliability and prominence in domestic as well as overseas markets.
They comprises of a world-class infrastructure and all the testing facilities
to ensure that the best quality products are provided to the customers. Their
products are unique in nature and are preferred by worldwide surgeons. Products
find their application in the field of Orthopedic,
Urology, Gynecology, Gastroenterology, Vascular Surgery, Spine Surgery,
Laproscopy, Cardiothoracic etc.
Product Range
They offer a wide range of Surgical
Tables, Surgical Instruments and Implants as per the specific
requirements of the customers. Remote Control Operating, C-Arm Compatible made
of pure stainless steel products are their specialty. They also provide special
attachment like May Field, Lyela Retractor, Femur in Lateral Position, Finger
Traction as per the demand of the customers.
Quality
Quality is paramount to us and always believe in delivering premium quality
products at affordable rates to worldwide customers. They have a stringent quality
system adhering to international quality standards and quality management team
to supervise each and every manufacturing stage. Their products are made from
the superior quality raw materials which are sourced from the reputed and well
established suppliers and distributors thus ensuring flawless manufacturing
process. The first and the foremost concern is to provide clients with the best
in terms of quality and durability at industry leading prices. They
constantly invest in the technological up-gradation to remain abreast with the
changing trends. Technologically advanced R&D department works round the
clock to enhance and develop product range in order to cope up with the
international pressures. They have a wide network of suppliers, distributors
and marketing personnels scattered all over the globe to ensure the customers
of smooth and prompt deliveries.
Customers
Over the years, they have established a delighted customer base across the
national and international market arena which helps us to become the most
reputed manufacturer and exporter of Surgical
Tables, Surgical Instruments and Implants. The high reputation
in the market constantly facilitates client expansion and today, they are
exporting products to the markets of USA,
Canada, Germany and UK.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.20 |
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UK Pound |
1 |
Rs.86.72 |
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Euro |
1 |
Rs.58.23 |
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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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