MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BENSONS SURGICO |
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Registered Office : |
42, DLF
Industrial Area, Najafgarh Road, Kirtinagar, New Delhi – 110 015 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1959 |
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Legal Form : |
Partnership
Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Importer and Supplier
of Dental Surgical Equipment, Medical Dental Equipment and Dental Laboratory
Equipment. |
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 37500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Mr. Karan Bir
Suri failed to respond despite of several follow-ups. Subject is a well
established 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 : |
42, DLF
Industrial Area, Najafgarh Road, Kirtinagar, New Delhi – 110 015, India |
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Tel. No.: |
91-11-25932664/ 25158759 |
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Fax No.: |
91-11-25464251/ 25932664 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. |
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Location : |
Owned
(commercial) |
PARTNERS
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Name : |
Mr. B K Suri |
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Designation : |
Partner |
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Date of Birth/Age : |
70 years |
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Name : |
Mr. Karan Bir
Suri |
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Designation : |
Partner |
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Date of Birth/Age : |
29 years |
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Qualification : |
MBA |
KEY EXECUTIVES
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Name : |
Mr. B K Suri |
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Designation : |
Chief Executive
Officer |
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Date of Birth/Age : |
68 years |
BUSINESS DETAILS
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Line of Business : |
Importer and
Supplier of Dental Surgical Equipment, Medical Dental Equipment and Dental
Laboratory Equipment. |
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Imports : |
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Countries : |
v
USA v
Switzerland v
Germany v
Italy v
European
Countries |
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Terms : |
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Selling : |
On Credit upto 90-180
days |
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Purchasing : |
T/T, D/P and open
Credit upto 90-120 days |
GENERAL
INFORMATION
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No. of Employees : |
13 |
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Bankers : |
v
HDFC Bank
Limited v
Syndicate
Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Availble |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 7.500 millions |
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Borrowed : |
-- |
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Total : |
Rs. 7.500 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 (Estimated) |
60.000 |
55.000 |
52.000 |
LOCAL AGENCY
FURTHER INFORMATION
Subject does not
export and supply their products to Army, Air Force, and Naval Hospitals, Government
and Private Hospitals in India.
As Per Web Details
Profile
Established in
1959, Subject has become a leading provider for high quality surgical
equipment, medical dental equipment and dental laboratory equipment in its core
markets. The Concern has for a number years seen both sustained and solid
growth owing to a strategy that has focused relentlessly on offering
competitively priced products and excellent customer care.
The efficiency levels set by the Concern has created new and critical
benchmarks for the competitors on the lines of quality, reliability and value
for money. They offer and work exclusively in premier quality products and
provide all the clients an excellent service offering that covers all their key
requirements.
They deal only in reputable dental equipment to ensure they maintain the
highest standards of reliability and safety that the clients have come to
expect of us. This has become possible because they remain stubbornly committed
to the needs of the customers, conduct them selves in a highly professional
manner and employ staff that are encouraged at all times to work in an
environment that fosters creativity, talent and passion.
The vast experience and track record has enabled us to deliver innovative,
safe, reliable and cost effective products with organisations that equally hold
a reputable name in the market.
The product range that they deal in covers:
Dental Material
- Calcium Hydroxide Paste
- New dent and Hi Lite
- EDTA Gel / EDTA Solution
- Dental Cement / Dental Filling Material
- Alginate
- Stone Plaster
Dental Workstation Items
- Clinical Work Station
- Phantom Head Unit
- Typodont Teeth with Jaw
- Typodont Teeth
Laboratory Items
- Wax
- Base Plate
- Rapid Repair Liquid
Orthodontic Items
- Perfect Fit Molar Bands
- Lingual Attachments
- Extraoral Products
- Instruments
- NiTi Springs
- NiTi Ligature Wires
Others
- Plastic Items
- Novelty Items
Surgical Equipment
- Autoclave
- X-ray Machines
- Needle Destroyer
- Hospital Bed
Calcigel-Calcium
Hydroxide Paste With Barium Sulphate
Ready to use,
radiopaque, pre-mixed,calcium hydroxide paste with barium sulphate. Calcigel is
a creamy paste used as a liner or as a temporary dressing.
Calplus-Calcium Hydroxide Paste With Iodoform
Calplus is remixed oil based calcium hydroxide paste containing iodoform.
New Dent
They offer wide range of durable new dents that feature:
v
Tetra Cross
Linked
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Fluorescent,
Resin Teeth
v
Available as
Full Set, Set of 6's
v
Anteriors and
Set of 8's Posteriors
Hi-Lite
They offer
comprehensive range of Hi-Lite that feature:
v
Single Layer
v
Cross link
resin teeth
v
Available as
Full Set, Set of 6's
v
Anteriors and
Set of 8's Posteriors
Dolo Endogel is 17% EDTA with 10% carbamide peroxide in water soluble gel base
for use in chemical and mechanical cleansing of root canal preparation. It
lubricates the root canal, chelates the calcium salts to facilitate endodontic
instrument penetrations. Due to its effervescent action with sodium hypochlorite
solution, cleaning of root canal becomes very easy. The use of sodium
hypochlorite with the gel promotes internal bleaching of the tooth.
Cement and Filling Material
A sub category of
of the Dental Material, Cement and Filling materials:
- Zical-Antimicrobial
Root Canal Sealant .
- Zinconol-Polymer
Reinforced ZOE Cement
- Zitemp-Quick
Set ZOE Cement
- Orafil-G-Temporary
Filling Material
- Orafil
Plus-Temporary Filling Material With Flouride
ZICAL : ROOT
CANAL SEALANT
Zical is an antibacterial,non
inflammatory sealant for filling dental root canals.
ZITEMP : ZOE CEMENT QUICK SET Zitemp is a quick set easy mix zinc
oxide-eugenol composition for thermal insulation and temporary restoration.
ZINCONOL : POLYMER REINFORCED ZOE CEMENTZinconol is a polymer reinforced
zinc oxide eugenol cement for temporary restoration.
ORAFIL-G : TEMPORARY FILLING MATERIAL
Orafil-G is a paste consistency,radio-opaque,temporary filling material,which
cures upon contact with oral fluids.
ORAFIL-PLUS : TEMPORARY FILLING MATERIAL WITH FLOURIDE
Orafil-Plus is a
radio-opaque self curing filling material for temporary filling of dental
cavities.
Alginate
Manufactured using selected food grade materials to give smooth paste
and highly accurate impression.
Packets of :- 225 gm., 450 gm. are available.
Stone Plaster
GYPROC is yellow
tinted calcuim sulphate hemihydrate alpha plaster produced from naturally
occuring high purity gypsum mineral. It enables production of models with
highly precise dimensions. After the plaster mixture has been poured, it
hardens with superior sharpness guaranteeing highly efficient production work.
Applications: In dentistry for extra hard models, inlays, crowns,
bridges etc.
Packages: 1,3kg poly packs, 2Okgs Plastic Bucket and 25kgs HDPE
bags/Plastic Barrels
Quality
The committed and dedicated team is well positioned to meet the necessary
standards and requirements of the domestic market. They have a robust business
model aimed at delivering a first class product offering. In summary the
process begins with quality checks to ensure flawlessness in the products and
in their designs. Before accepting supplied products, Bensons Surgical conducts
rigorous inspection using special material testing kits and measuring
instruments.
To deal and supply the widest range of high quality and cost effective products
and to provide necessary solutions to the manufacturers and users on a global
basis, and to provide a level service that consistently satisfies the customers
beyond their expectations.
They endeavour to satisfy the clients by offering them high quality products.
Through the brand, knowledge and overall distinctive proposition they have built
a valuable global network of high profile clients. They value the custom of all
the existing clients (or business partners as they like to call them) and seek
to similarly satisfy the requirements of all potential customers - that is the
number one promise.
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 theyre 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. 42.47 |
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UK Pound |
1 |
Rs. 84.00 |
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Euro |
1 |
Rs. 66.14 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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