MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAGNUS ANALYTICS |
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Registered Office : |
A-5, Mohan Co-Operative Industrial Estate, Mathura Road,
New Delhi - 110044 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1964 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Exporter of microscopes and accessories. |
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 20000 |
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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. Proprietor is reported as experienced and respectable businessman. Trade
relations are fair. Business is active. Payments are reported as usually
correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
SOLE PROPRIETOR
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Name : |
Mr. Arminder Singh Dhingra |
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Designation : |
Proprietor [Chairman] |
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Date of Birth/Age : |
48 Years |
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Qualification : |
B.Com. |
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Experience : |
25 Years |
KEY EXECUTIVES
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Name : |
Mr. N. S. Kathuria |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
54 Year |
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Qualification : |
Graduate |
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Experience : |
29 Year |
BUSINESS DETAILS
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Line of Business : |
Exporter of microscopes and accessories. |
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Products : |
- Inclined Monocular Microscopes - Trinocular Research Microscopes - Stereo Microscopes - Monocular Microscopes - Microscopes, Wide Field - Microscopes, Stereo
- Phase Contrast Attachments - Darkfield Condenser Attachments - Heating Plate Attachments - Microscope Image Projection Systems |
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Brand Names : |
MAGNUS |
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Exports : |
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Countries : |
South East Asia, Africa and a number of Gulf countries |
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Terms : |
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Selling : |
LC, Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Suppliers : |
Magnus Microscopes are manufactured by
Olympus India Private Limited Sister Company of Magnus Analytics |
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Customers : |
Customer in:
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No. of Employees : |
15 |
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Bankers : |
Canara Bank, Darya Ganj, New Delhi – 110002 |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
DSS Imagetech
Private Limited Activities: Microscopy,
Image analysis software / systems, Genetic workstation, ICSI workstation, DNA
probes, micro array readers Olympus India Private Limited Activities: Manufacturing of Microscope in the brand name of MAGNUS Factory: A – 3, Sector 81, Phase – II, Noida, U.P. Office: A-5, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi – 110044, India Employees: 250 (In Both Companies) Sales Turn Over: 400.000 millions (In Both Companies) International Alliances With:
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 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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25.000 |
22.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2007-08) : Rs.30.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Profile
Magnus has a very significant presence in the healthcare & education sectors. Magnus microscopes have been the preferred choice for a number of World Bank funded projects. Since 1995, more than 15,000 Magnus microscopes have been supplied to important World Bank public health programs.
Manufactured in a TUV-certified ISO 9001 : 2000 facility, Magnus microscopes
are today recognized for their precision engineering and high-performance
optics.
Influenced by a Japanese legacy, Magnus has an uncompromising commitment
towards quality. A group of highly qualified and experienced engineering
personnel work closely with a highly motivated workforce in providing products
and services of international quality.
News
- Successful participation in Arab Health 2007 at Dubai
- Successful participation in Medica 2007 at Dusseldorf, Germany
- Excellent response at All India Pathology Conference (APCON 2007 at Chandigarh, India)
- Launch of Microscope Plan Infinity Corrected Optics
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.29 |
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UK Pound |
1 |
Rs.77.05 |
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Euro |
1 |
Rs.58.39 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
NO |
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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 |
YES |
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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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50 |
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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