MIRA
INFORM REPORT
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Report Date : |
20.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SCOPE ENTERPRISES |
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Registered Office : |
17/592, |
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Country : |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
1992 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of Scientific Instruments and Microscopes |
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 8000 |
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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. Nothing adverse reported. |
LOCATIONS
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Registered Office : |
17/592, |
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Tel. No.: |
91-11-23620865 |
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Mobile No.: |
91-9313749245 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. ft. Ground Floor as a office [FF & SF as a Residence of Mr. G. R. Bahl] |
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Location : |
Owned |
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Factory : |
B – 63, MIE, Bahadurgarh, |
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Area : |
460 sq. mtr. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. G. R. Bahl |
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Designation : |
Proprietor – Chief Executive Officer |
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Address : |
17/592, |
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Date of Birth/Age : |
47 Year |
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Qualification : |
M-Tech |
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Experience : |
25 Year |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Scientific Instruments and Microscopes |
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Products : |
Scientific Instruments
Microscopes
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
Own Manufacturing (Purchase of raw material from open market)
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Customers : |
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No. of Employees : |
6 |
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Bankers : |
State Bank of |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.000 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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12.500 |
10.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2007-08) : Rs. 15.000 Millions
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
Profile
Proper environmental management is the key to avoiding a quarter of all preventable infections and other complications which are directly caused by environmental factors. Since 1992, Subject has been addressing all the physical, chemical, and biological factors related to environment that impact the industrial behaviours. They have encompassed the assessment and control of those environmental factors that can potentially affect human health. The company is a renowned manufacturer, supplier, exporter and importer of Stack Monitoring Kit, High Volume Sampler, Portable Air Sampler, Cod Digester/Analyser, Bod Monitor and Incubators, Laboratory-IR/FTIR-Press, HPLC Column Oven, Muffle Furnace, Ultra Sonic Bath, etc. The product range is targeted towards preventing disease and creating health-supportive environment.
The business is highly diversified across a wide spectrum of products and
solutions, customer groups and geography. The company offers an inexhaustible range
of products to innumerable customers throughout the world. The primary
customers work in the pharmaceutical, life science, chemical, technology, food
processing and consumer product industries. Some of them include major
universities and research institutes, governmental agencies and environmental
testing organizations; including National Thermal Power Corporation
(NTPC),
Quality Assurance
Scope Enterprises operates a quality management system which complies to the
established international standards. The instruments and related equipments are
crafted from the finest quality steel and other required raw materials. They
have a team of quality control officers, ensuring that quality is maintained at
every level of production. At present, all the products are tested on the
parameters of their tensile strength, durability, resistance to heat,
contraction, etc. The company has an in-house testing laboratory that checks
all the products for detecting any kind of production flaws or discrepancies.
The quality control measures begin at the very initial stage of procurement of
raw materials. Besides, they maintain a sterilized atmosphere to ensure clean
and hygienic production. All the instruments manufactured by them are cleaned as
well as disinfected. They have a team of technocrats, environmentalists and
scientists who create products in tandem with the current requirements of the
customers.
Infrastructure
An organization's capabilities and intent are strongly reflected in the item
that it produces. In other words, the manufacturing competencies and facilities
echo the Research and Development extent and the ability to implement it for
the best of the market it targets. They are empowered by modern infrastructure
comprising of a team of experienced and skilled engineers and technicians as
well as medical professionals and state-of-the-art manufacturing plant. Scope
Enterprises is headed by a team of professionals who have in-depth knowledge
and understanding of the industry. The technology employed in the processing
and manufacture of the end products has been integrated in the most
professional manner so that quality standards are not compromised and they meet
global standards and customer expectations. The hi-tech machinery enables them
to produce huge quantity of instruments and equipments. Strategically located
warehouse assures rapid, on-time delivery of the order. The knowledge and
experience that they have in the export and import business ensure hassle free
shipments and clearances by the authorities.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.39.79 |
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1 |
Rs.81.41 |
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Euro |
1 |
Rs.56.87 |
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 |
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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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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