MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
LASER LAB |
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Registered Office : |
32, DSIDC Complex, Wazirpur Industrial Area, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Partnership concern with an unlimited liability of partners |
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Line of Business : |
Distributors of Laser Marketing, Engraving, Cutting, Scribing Systems,
CO2 Laser, ND – Yag Laser, Dpss Laser, Fiber Laser etc |
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 36000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed concern having
satisfactory track. Partners are reported as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active.
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 : |
32, DSIDC Complex, Wazirpur Industrial Area, |
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Tel. No.: |
91-11-27373689 |
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Mobile No.: |
91-9811070075 |
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Fax No.: |
91-11-27374218 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. ft |
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Location : |
Owned |
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Branches : |
Mumbai Contact Person : Mr. Anupam Waichal
Chennai
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PARTNERS
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Name : |
Mr. Rajeev Kapoor |
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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 : |
22 Years |
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Name : |
Mr. Tushar Upadhyaya |
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Designation : |
Partner (Marketing Manager) |
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Date of Birth/Age : |
44 Years |
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Qualification : |
Graduate |
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Experience : |
22 Years |
KEY EXECUTIVES
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Name : |
Mr. Rajeev Kapoor |
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Designation : |
Chief Executive |
BUSINESS DETAILS
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Line of Business : |
Distributors of Laser Marketing, Engraving, Cutting, Scribing Systems,
CO2 Laser, ND – Yag Laser, Dpss Laser, Fiber Laser etc |
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Products : |
CO2 Laser Systems
Nd-YAG Laser Marking Systems
Fiber Laser Marking Systems CO2 Lasers
Surgical
Lasers, Aesthetic
Lasers, Hair
Removal Lasers Accessories
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Agencies Held : |
v
RMI Laser – v
ICS Indimco – v
Photograv Software – v
H G Laser – v
Jeil Mtech – |
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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 : |
LC, Cash or Credit |
GENERAL INFORMATION
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Distributor: |
Epilog Laser, For their complete range of CO2 Laser Engraving, Marketing and Cutting
Systems for Photonics Industries – For their range of IR, Green, UV, Tunable Dpss Laser for Diamond
Cutting Application For their State of the art range of CW, Pulsed, PM and Customised
Fibre Laser Sources and Accessories Laservall Asia – For their whole range of NDF – Yag & Dpss Laser Marketing and
Welding Systems for |
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Customers : |
Medical Establishment and Industries |
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No. of Employees : |
22 |
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Bankers : |
HDFC Bank Limited, |
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Facilities : |
Rs. 15.000 Millions (As per statement of Mr. Rajeev Kapoor but
according to our observations the figures is not Rs. 15.000 Millions) |
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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. 9.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 9.000 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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120.000 |
100.000 |
Expected Sales (2007-08) : Rs. 150.000 Millions
LOCAL AGENCY FURTHER INFORMATION
As per Website
Details
Profile
The company is
a pioneer company in
The company is an exclusive
distributor of Epilog Laser,
USA for their complete range of CO2 Laser engraving, marking
and cutting systems for
The company is also exclusive
distributor of LASERVALL ASIA -
The company is
They are
The company is also
distributor/service agent of HG Laser for their Rapid Mode Inscriber (RMI)
system, Photograv Softwares USA for CO2 laser systems, software, spares,
accessories.
The company is distributor of SWOT for their surgical, aesthetic, hair removal, tattoo removal lasers. These are FDA approved, CE certified & completely human safe lasers, preferred by most doctors and beauty clinics.
The company provides service, spares and accessories for almost all kind of laser systems.
Job Shop
The company has
established a chain of Laser Job Shops in
They believe in fast service, flexibility and precise quality control.
Their high-speed YAG and CO2 laser systems enable users to deliver this level of service at an outstanding value.
The non-contact laser process allows us to engrave and cut curved surfaces as well as a variety of unusually shaped objects that would be impossible with other means of contact type methods.
The company has established a state-of-the-art setup to provide comprehensive quality results that ensures outstanding consistency and reliability. Their quality control provides near flawless results, even in high-volume production.
Computer design systems augment the creative skills of their talented designers. Engravings can be scanned and digitized from customer-supplied artwork, received via the Internet, created from commercially available pre-drawn art, or produced entirely by their staff.
Technical Support
The company provides complete support to its clients right from providing them laser systems to training, know-how, spares, services, etc.
The Company understands the requirements of its clients and suggest the right type of laser system for their use. Be it for in-house purpose or Job Shop purpose - The Company is there to help you out. They also provide operational and primary maintenance training to their clients for smooth functioning.
The Company not only suggests and provide you lasers but takes up a turnkey projects as well. The company has also collaborated with their clients at several places and created joint ventures.
The company provides laser sources to the machinery manufacturers like button making, gold chain making, etc. to integrate laser with their machines.
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.39.91 |
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1 |
Rs.79.88 |
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Euro |
1 |
Rs.55.88 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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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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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