MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
STERYL MEDI-EQUIP SYSTEMS |
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Registered Office : |
H-6, 1st Floor, 3rd Floor, Annanagar East, Chennai
– 600 102, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
June 2001 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES25225E |
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PAN No.: [Permanent
Account No.] |
AATFS3578E |
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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 Medical Equipments. |
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 1000 |
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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 and reputed 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 : |
H-6, 1st Floor, 3rd Floor, Annanagar East,
Chennai – 600 102, Tamilnadu, India |
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Tel. No.: |
91-44-26191922 |
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Fax No.: |
91-44-26202593 |
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E-Mail : |
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Area : |
1000 Sq. ft. |
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Location : |
Leased |
PARTNERS
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Name : |
Mr. K B Ramaswamy |
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Designation : |
Partner |
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Date of Birth/Age : |
55 Years |
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Qualification : |
B.E. |
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Experience : |
35 Years |
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Name : |
Mrs. R. Nirmala |
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Designation : |
Partner |
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Name : |
Mr. K B Venkatasubramanian |
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Designation : |
Partner |
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Name : |
Mrs. R. Shanti |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Medical Equipments. |
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Products : |
v Clean Air System v Hot Air
Sterilizers v Ultrasonic
Cleaners for Hospitals v Kitchen Garbage
Disposers v Ultrasonic Dish
Washer v Automatic
Aerosol Dispensers v Biomedical Waste
Disposers v Firearm Cleaning
System |
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Exports : |
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Countries : |
v Srilanka v Dubai v Saudi Arabia |
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Terms : |
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Selling : |
20% Advance Balance 30 Days Local : 50% Advance |
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Purchasing : |
Local : 30 – 45 days |
GENERAL
INFORMATION
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Suppliers : |
v Bharani
Electronics, Chennai v Remi Sales and
Engineering Limited, Chennai v Piezodynamics
Private Limited, Pune |
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No. of Employees : |
Total : 7 ( Office : 3, Production : 3, Others : 1) |
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Bankers : |
v Indian Overseas
Bank Tower Branch, Annanagar (West), Chennai – 600 040, Tamilnadu, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Varadarajan and Company Chartered Accountants |
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Address : |
CIT nagar, Chennai – 600 035, tamilnadu, India |
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Sister Concerns : |
v Maruti Powertech Chennai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.200 million |
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Borrowed : |
-- |
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Total : |
Rs. 0.200 million |
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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5.300 |
14.300 |
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Profit/Loss for the year |
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0.063 |
0.114 |
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Export Value |
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4.500 |
12.500 |
LOCAL AGENCY
FURTHER INFORMATION
As Per Website
Details
Profile
Born into the medical world in 2001, Engaged in providing Qualitative and Hygienic Medical Cleaning equipments like Clean air system for room sterilization, ultrasonic Cleaner for qualitative instruments cleaning and Hot air Sterilizer for sterilization of sugical instruments.
Subject is a partnership firm formed by highly qualified promoters with the
vast expirience in manufacturing Medical equipments. Promoters realized the
dearth need of Eco-Friendly Medical Equipments, which are Hyginic and safe to
use and in short span of time transformed their dream into reality. They
attribute top priority to quality at Economical and Affordable cost.
The tremendous efforts and dedication of their Engineers and technocrats has
put the Firm in front line for the manufacturing of Premium Quality Medical
Equipments. The Firm is commited to offer quality and an insatiable quest for
creation. The firm has attempted to provide the best equipments for Medical
Fratility at the industry affordable Price with best quality.
Infrastructure
They have a well balanced team comprising qualified engineers, able administrator dynamic marketing personnel & experienced technical experts’ in-charge of R and D. They have an organized production unit for uninterrupted production. The production is headed by highly qualified engineers. Each stage is checked for quality assurance. They are in the process of ISO certification. Raw materials are procured from ISO/ISI certified industries that ensures uniform quality. In case of finance, they have an excellent track record with the banker and they are well recognized customers of the bank.The bank ably assists us with required finance to execute orders on schedule. They do export and the team Head is well versed with export policy/systems and the transactions are smooth. The Marketing Manager has 3 decades of experience in field work and is capable of chalking plans and strategy of marketing, has vast knowledge on the competitors and highly successful in the executions.
Team
of Experts
The team of experts and skilled engineers have earned the confidence
and trust of the esteemed clients in developing the latest equipments and
machines in view of foreseen requirement of the clients. The team ensures
trouble free performance in all the range of products. The marketing managers
have ample experience in field work and are apt in chalking plans and marketing
strategies and have vast knowledge of the competitors.
Research and Development
The
company has a pool of highly qualified engineers, able administrators and
dynamic marketing personnel and experienced technocrats who have taken charge
of the research and development department. The team of skilled and trained
personnel make sure that enough time and money is devoted on the R&D. They
keep in touch with their counterparts all over the world so as to keep
themselves abreast with the changes in technology. They ensure that the
products are designed with the latest technology keeping up with the customer's
specification.
Hot Air
Stabilizers
One of the unique products, facilitating in the stabilizing process in
hot air sterilizer. It has a heater that warms up the hot air chamber up to 200
degrere C with “K” type thermocoupler, resisting the temperature to go beyond the
pre-set temperature. Features : * Membrane type touch keypad providing precision temperature
control, timer, alarm and auto tuning. * Total safety mech.
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 :
The 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.
The 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. 42.82 |
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UK Pound |
1 |
Rs. 80.01 |
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Euro |
1 |
Rs. 63.83 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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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54 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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