MIRA
INFORM REPORT
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Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MICRON INSTRUMENT INDUSTRIES |
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Registered Office : |
293, HSIIDC, Industrial Growth Centre, Saha ( Ambala Cantt) – 133 001,
Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer Exporters and Importers of Microscope and Biological
Instruments |
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 20000 |
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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 : |
293, HSIIDC, Industrial Growth Centre, Saha ( Ambala Cantt) – 133 001,
Haryana, India |
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Tel. No.: |
91-171-2821111 |
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Mobile No.: |
91-9416020211 |
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Fax No.: |
91-171-2822211 |
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E-Mail : |
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Website : |
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Area : |
9000 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Anil Kumar Gupta |
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Designation : |
Proprietor |
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Address : |
83, Gobind Nagar, Ambala Cantt – 133001, Haryana, India |
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Date of Birth/Age : |
14.11.1966 |
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Qualification : |
B.A. Diploma in Exp. Management |
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Experience : |
25 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer Exporters and Importers of Microscope and Biological
Instruments |
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Products : |
Microscopes and Biological Instruments |
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Brand Names : |
Micron-Optik |
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Exports : |
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Products : |
Microscopes and Lab Instruments |
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Countries : |
v Asia v Middle East v Gulf v Romania v Mexico v UAR v Kenya v Srilanka v Malaysia v Kuwait |
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Terms : |
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Selling : |
Cash or Credit ( 30 days ) |
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Purchasing : |
L/C, Cash or Credit ( 30 days ) |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
25 ( In Office 3 and In Factory 22 ) |
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Bankers : |
HDFC Bank, Nichalson Road, Ambala Cantt – 133 001, Haryana, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Vijay Gupta and Jain Chartered Accountants |
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Address : |
Nichalson Road, Beside HDFC Bank, Ambala Cantt, Haryana, India |
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Mobile No.: |
91-9416937330 |
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Associates/Subsidiaries : |
Micron International 83, Gobind Nagar, Ambala Cantt, Haryana, India Line of Business: Manufacturer and Exporter of Scientific, Laboratory
Instruments and Microscopes |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 5.000 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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5.000 |
4.600 |
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Net Profit for the year |
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0.250 |
0.120 |
Expected Sales (2007-08) : Rs. 10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
AL – Mazroui – Dubai
v
Civil Hospital, Ambala
Website Details
Attached:
The concern, established in 1966, by their parent Company “Mikron” having operations since 1964, is today one of the leading manufacturing Unit in India, making a large range of Biological Microscopes, used in Schools, Colleges, Hospitals & Research Institutions under brand name “Micron Optik”
Now on an encouraging demand from their regular customers/end users, they have
started another division of General Laboratory Equipments, which fulfills the
need of their esteemed valued customers by supplying complete Laboratory
Instruments for Physics, Chemistry labs as well as Biological Models, Charts
etc.
Today, MICRON-OPTIK trademark have established his name as a trusted name in Educational Equipments and Instruments world wide and exporting its Microscopes as well as General Instruments to most of the countries. Their company is also participating in Global Tenders directly as well as through their agents. Keeping in view the global competition, we always remain under continuous addition, modernization and up gradation of their products.
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. 39.29 |
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UK Pound |
1 |
Rs. 80.72 |
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Euro |
1 |
Rs. 57.67 |
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. |
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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