MIRA
INFORM REPORT
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Report Date : |
27.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
UNITED SURGICAL INDUSTRIES |
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Registered Office : |
445, F.I.E Patparganj
Industrial Area, New Delhi - 110 092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1980 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELU01562B |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer and exporter of Hospital Furniture and Hospital
Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 24000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
445, F.I.E Patparganj
Industrial Area, New Delhi - 110 092, India |
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Tel. No.: |
91-11-22149600/22149694/22149695 |
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Fax No.: |
91-11-22152679 |
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E-Mail : |
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Website : |
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Area : |
17000 Sq. ft. [Ground Floor] |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Mahesh Talwar |
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Designation : |
Partner |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Name : |
Mr. Krishan Talwar |
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Designation : |
Partner |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Graduate |
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Experience : |
27 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of Hospital Furniture and Hospital
Equipment. |
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Products : |
Ø
Hospital Beds Ø
Operation Tables Ø
Operation Lights Ø
Delivery Tables Ø
Ø
Ward and O.T. Trolleys Ø
Ward Equipments Ø
Wheel Chairs & Walking
Aids Ø
Bed Accessories Ø
Other Equipments |
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Exports : |
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Countries : |
Africa and Middle East |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Credit [30 days] |
Examination Couches
GENERAL
INFORMATION
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Customers : |
Wholesalers, Tender Participants, Hospitals, Nursing Homes and Medical
Colleges |
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No. of Employees : |
50 [In Office 5 and In Factory 45] ; Group 100 |
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Bankers : |
Bank of Baroda Patparganj, New Delhi |
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Facilities : |
Cash Credit Rs. 1.000 Millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Medibed India
Private Limited Address - New Delhi Activity - Manufacturer and exporter of Hospital Furniture and Hospital
Equipment. No. of Employees – 4/5 Person United
Enterprises Address - New Delhi Activity - Manufacturer and exporter of Hospital Furniture and
Hospital Equipment. No. of Employees – 30 Person |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
Rs. 1.000 Millions |
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Total : |
Rs. 6.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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55.000 |
45.000 |
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Export Value |
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50 % |
50 % |
Expected Sales (2007-08) : Rs. 70.000 Millions
Group Turnover Rs. 100.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As Per Website
Manufacturing and exporting Hospital Furniture and Hospital
Equipment. Ever since their established in 1980, they have mastered in
manufacturing Hospital furniture and equipment as per customer requirements and
as per requirement of the day.
Their products are supplied all over India to Government as well as Private
Hospitals, Nursing Homes and Medical Colleges. They have been exporting their
quality equipment to various countries through leading export houses and also
through their own sources. Their quality and service has made them a company of
repute in the Hospital Equipment manufacturing industry. They are registered
with NSIC and are holding ISO-9001 certificate from BSI Management Systems,
London U.K.
They at United, are empowered with an efficient workforce of skilled and
unskilled staff, who are ready to offer their customers a broad range of
products which is wider than that offered by many other companies in the same
field. The strategic marketing activities and specialisation in specific
sectors, enables them to meet the requirements of their customers in different
market with a yearly turnover of Rs.50 Millions approx.
They create products and also modify them according to their customers'
requirement. Their Engineering Department develops new applications on
customer's request. They at United satisfy a wide range of requirements as well
as offer design and technical solutions at the required standard.
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.43.39 |
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UK Pound |
1 |
Rs.85.16 |
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Euro |
1 |
Rs.57.60 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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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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45 |
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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