MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BELLSTONE HI-
TECH INTERNATIONAL |
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Registered Office : |
3755, G F Main
Chawri Bazar, New Delhi – 110006 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1962 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELB09063F |
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Legal Form : |
Partnership concern
with an unlimited liability of the partners |
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Line of Business : |
Manufacturers and
exporters of testing, Industrial, Engineering, Laboratory and Scientific
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 50000 |
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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.
Financial position of the concern is good. Payments are usually correct and
as per commitments. The concern can
be considered good for any normal business dealing at usual trade terms and
conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sujit Srivastav |
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Designation : |
Purchase and Administrative Manager |
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Contact No.: |
91-9310039443 |
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Date : |
04.12.2008 |
LOCATIONS
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Registered Office : |
3755, G F Main
Chawri Bazar, New Delhi – 110006, India |
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Tel. No.: |
91-11-23273751 /
52 / 53 / 23245777 / 23939952 – 55 /
23911821 / 23910762 / 239939951 / 65365909 / 653352085 / 2196 / 97 / 30924716 |
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Mobile No.: |
91-9810085839,
91-9818408595 , 91-9871790415 (India) 91-97150-56064383
(International) |
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Fax No.: |
91-11-23251506 /
23251706 / 23939951 |
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E-Mail : |
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Website : |
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Area : |
4,000 sq. ft.
approx [Owned] |
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Factory: |
3764-65 Parmanand
Street, Darya Ganj, New Delhi 110002 |
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Tel. No.: |
91-11-23273751 to
23273753, |
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Area : |
8000 sq.ft. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr M L Sethi |
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Designation : |
Partner |
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Address : |
C 356 Defence
Colony, New Delhi 110024 |
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Date of Birth/Age : |
67 Years |
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Qualification : |
Graduate |
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Experience : |
41 Years |
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Name : |
Mrs. Meena Sethi |
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Designation : |
Partner |
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Date of Birth/Age : |
63 Years |
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Name : |
Mr. Amit Sethi |
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Designation : |
Partner |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate, MBA |
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Experience : |
11 Years |
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Mobile : |
91-9810083859 |
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Name : |
Mr. Ashish Sethi |
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Designation : |
Partner |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
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Experience : |
14 Years |
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Mobile : |
91-9818408595 |
KEY EXECUTIVES
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Name : |
Mr. Gautam |
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Designation : |
Accountant Manager |
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Name : |
Mr. Ravindra |
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Designation : |
Marketing Manager |
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Name : |
Mr. Sujit Srivastav |
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Designation : |
Purchase and Administrative Manager |
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Name : |
Mr. Rajesh Sharma |
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Designation : |
Sales Manager |
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Mobile No.: |
91-9312210517 |
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Name : |
Mr. Sanjeev |
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Designation : |
Sales Department |
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Mobile No.: |
91-921216507 / 9958000000 |
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Name : |
Mr. Sinha |
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Designation : |
Sales Department |
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Mobile No.: |
91-9818815908 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and
exporters of testing, Industrial, Engineering, Laboratory and Scientific
Instruments. |
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Products : |
Ø
Geotechnical
Equipments Ø
Laboratory
Research & Scientific Equipments Ø
Microscopes Ø
Balances Ø
Laboratory
Glassware & Plastic ware Ø
Education
& Technical Training Equipments Ø
Electrical
& Electronics Instruments Ø
Reagents
& Chemicals Ø
Oil & Petroleum
Testing Equipments Ø
Survey
Equipments Ø
Surveying
Models Ø
Dairy &
Milk Testing Equipments Ø
Yarns &
Fabric Testing Equipments Ø
Pharmaceutical
Testing Equipments Ø
Medical
& Surgical Equipments Ø
Testing
Equipments Ø
Rubber
Testing Equipments Ø
Plastic
Testing Equipments Ø
Footwear/Leather
Testing Equipments Ø
Paper
Testing Equipments Ø
Agriculture
Tool & Sprayers Ø
Tools &
Hardware Ø
Precision
Measuring Instruments Ø
Industrial
Control Products Ø
Pneumatics’
& Hydraulics’ Ø
Construction
Equipments Ø
Mechanical
Hopper Ø
Hydraulic Hopper Ø
Blender
Mixer Ø
OPT
Mechanical Hopper Ø
Slab Trolley
with Rails Ø
Needle
Vibrator Ø
Sand Washing
Machine Ø
Earth
Compactor Ø
Mini Crane Ø
Hydraulic
Block Laying Ø
Auto ramming
Block Machine Ø
Bulldozers Ø
Wheel
Loaders Ø
Rope Shovels Ø
Walking
Dragline Ø
Pipe layer Ø
Crane Ø
Side Discharge
Loader Ø
Support
Equipments Ø
Bulk
Material Handing Equipments Ø
Pipettes |
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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 : |
LC, T/T |
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Purchasing : |
LC, Credit (30
days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers and
End Users |
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No. of Employees : |
100 |
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Bankers : |
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Facilities : |
They enjoy cash and credit of Rs.15.000 millions (Indian Overseas
Bank) |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Ø Federation Of Indian
Export Organization Ø Engineering
Promotional Council Of India Ø EEPC, FISME,
CII, PHD, DNB |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 10.000
Millions |
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Borrowed : |
--- |
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Total : |
Rs.10.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
200.000 |
160.000 |
150.000 |
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Profit/(Loss)
Before Tax |
12% |
12% |
2.625 |
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Profit/(Loss)
After Tax |
NA |
NA |
2.300 |
Expected Sales (2008-09) : Around Rs. 200.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
The subject is a
Manufacturer, exporter & importer of Testing, Industrial, Engineering,
Laboratory and Scientific Instruments. The subject company was established in
11962 by Mr M L Sethi. The subject is exporting their products for more than 25
countries globally. The inquired address is the subject’s registered and sales
office and it is situated at prime commercial location. The subject company
premise is owned by them.
Mr Amit Sethi is
looking after international marketing and Mr Ashish Sethi is looking after
domestic marketing. Mr ML Sethi is looking after production and administrative
activities.
An Indian Export
House of Recognition. – 90,000 Varieties of Latest testing, industrial,
engineering, laboratory and scientific instruments. With over 40 years of
experience, managed for 3 generation, bell stone has a history of growth and
development with a number of notable milestones. Today they stand as one of the
biggest industrial department stores in Asia registering their name in the book
of records.
They have mammoth
quantity of ready stock with us. Each product is well packed along with
detailed instruction manuals. They provide the products as well as their
packing and labeling with buyers brand name. Bell stone develop, design and
manufacture semi finished product according to customer satisfaction and
design.
Bell stone’s
qualified staff is always striving hard to introduce new quality products and
is always innovative. Dedicated staff of technician exclusively deals with
careful testing of their products prior to the shipment carries quality
certificates and approvals
Bellstone’s
dedication to the services of science, education, health and industry is the
rich heritage of the company that continues today and will be fostered in
future too. They have satisfied cliental all around the globe, including
foreign governments, ministry of education and labour, World Bank, United
Nations development. Programmer and many more.
Precision, quality
and affirm belief in perfection has resulted in constant up gradation of
technology andantinos of the existing products facilities to meet changing and
exacting demands. Which means having the best of men and machines.
Their research and
test laboratory has approved products certification from renowned laboratories
of govt. of India like national physical laboratory, regional testing centre,
electronic research test laboratories etc.
Their motto is end
user satisfaction. They are determined to provide their client with premium
quality product. And so they are well prepared to expire the new market demands
with their quality products with zeal and passion involving their skill and
experience of yester years with today’s modern techniques. They dedicate their
selves to serve the customer to their satisfaction and assure their utmost
consideration at all times.
TRADE REFERENCES
Ø Suman Engineering Works, Delhi
Ø Multitech Scientific, Delhi
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
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 |
|
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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