MIRA
INFORM REPORT
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Report Date : |
08.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIO CLEAN AIR DEVICES AND SERVICES |
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Registered Office : |
No. 1/74, Mariamman Koil Streey, New Kader Hospital, Mugalivakkam,
Chennai – 600 116, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2007 |
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PAN No.: [Permanent
Account No.] |
AAHFB9401D |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Distributors of Clean-Room
Equipment and Systems |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2500 |
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Status : |
Small / New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and its initial stage of appearance. Trade relations are fair. No payments or banking relations are known. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Mari Muthu |
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Designation : |
Partner |
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Contact No.: |
91-9940016944 |
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Date : |
07.08.2008 |
LOCATIONS
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Registered Office : |
No. 1/74, Mariamman Koil Streey, New Kader Hospital, Mugalivakkam,
Chennai – 600 116, Tamilnadu, India |
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Tel. No.: |
91-44-22521047 / 1049 |
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Mobile No.: |
91-9940016944 / 9444125452 |
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Fax No.: |
91-44-44125452 |
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E-Mail : |
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Area : |
700 Sq. ft. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Mari Muthu |
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Designation : |
Partner |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Dip. Mechanical Engineer |
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Name : |
Mr. Praism Turumal |
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Designation : |
Partner |
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Date of Birth/Age : |
27 Years |
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Qualification : |
B.Sc. |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Distributors of Clean-Room
Equipment and Systems |
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Products : |
·
Horizontal Laminar Airflow Clean Benches ·
Vertical Laminar Airflow Clean Bench ·
Biological Safety Cabinets ·
Air Shower Entry Systems ·
Laboratory Fume Hoods ·
Pass Through Boxes ·
Powder Sampling / Dispensing Booths ·
Air Tents / Modular Type Cleanroom ·
Sterile Garments Storage Cubicle ·
Positive Pressure Module ·
Hepa Filters ·
UV Sterile Chamber (Inoculation Hood) |
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Terms : |
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Selling : |
Credit (15 days) |
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Purchasing : |
Cash and Credit (30 days / 60days / 90 days) – Cash 60% 40% Credit –
15 days |
GENERAL
INFORMATION
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Customers : |
·
OEM’s ·
Madras Pharmaceutical ·
Nath Biogen India Limited ·
Softgel Health Care Private Limited ·
Arvind Eye Hospital. ·
Lister Metropolis Laboratories Limited ·
Retort Pharmaceuticals Private Limited ·
Accent Pharma, Jammu ·
Maral Labs, Chennai ·
Baxter India Private Limited ·
Actavis Pharma Manufacturing Private Limited ·
Pondicherry Institute of Medical Sciences ·
Shasun Chemicals and Drugs Limited |
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No. of Employees : |
8 (In Office 2 and In Factory 6) |
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Bankers : |
State Bank of India Ekkaduthangal Branch, Chennai |
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Facilities : |
The concern do not enjoy facility from it’s banks. |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
E S Mohamad Ebrahim and Company Chartered Accountants |
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Address : |
T Nagar, Chennai |
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Tel. No.: |
91-9841233147 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
0.300 million |
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Borrowed : |
0.200 million |
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Total : |
0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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2.200 |
Expected Sales (2008-09) : Rs.4.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
BIO CLEAN AIR DEVICES AND SERVICES |
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Statutory Approvals |
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Income Tax Registration |
AAHFB9401D |
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Central Sales Tax Registration |
867478 – C |
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VAT/ TIN Registration |
33141582424 - V |
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Name of Bank |
State Bank of India |
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Current Account Number |
30143488354 |
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Account Since |
2007 |
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Credibility Factors |
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IndiaMART Client Since |
1 Year – September 2007 |
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Years of Establishment |
2007-June |
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Turn Over |
Rs.2.200 millions – 2007-08 |
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Turn Over Year |
Rs.4.000 millions – 2008-09 |
Trade References :
·
National Meditech, Delhi
·
Ganesh Scientific Supply
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Vijay Enterprises
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Deal India Limited, Chennai
Web Details
Since the inception, they subject have put in
our best efforts to reach out to a large number of clients in the medical and
life sciences industry as manufacturers and distributors of cleanroom equipment
and systems. Their dependable range comprises Horizontal Laminar Airflow Clean
Benches, Vertical Laminar Airflow Clean Bench, Bio hazard safety cabinets, Air
shower entry systems, Fume exhaust hoods, Pass through boxes, Powder
sampling/dispensing booth and Air tents.
The long standing experience in the industry
has helped us in manufacturing dependable products that provide for unfailing
protection for samples and work processes for diverse applications. In addition
to manufacturing these products they are also offering effective after sales
services to the clients.
The products have been designed and
developed as per international standards and offer qualification protocol like
DQ, IQ, OQ and PQ etc., and SOP documentation for approval of agencies like
NABL, US-FDA etc.
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.41.89 |
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UK Pound |
1 |
Rs.81.73 |
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Euro |
1 |
Rs.64.81 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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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27 |
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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