MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SKAN INC |
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Registered Office : |
12/13 Parth, 2nd Floor, 4, Ganesh Peth Lane, Dadar (West),
Mumbai – 400028, Maharashtra, |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2001 |
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IEC No.: |
0307005712 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Fumigation
Machine, Suction Machine, Autoclave, Disinfectant, Anesthesia Machine and
Disposable |
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 5000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small marketing concern and represents Henkel – Ecolab,
Germany. Trade relations are fair. No payments are known. The concern can be considered for small business dealings at usual
trade term and conditions. |
INFORMATION PARTED
BY
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Name : |
Ms. Rashmi |
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Designation : |
Assistant Manager |
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Contact No.: |
91-22-32457214 |
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Date : |
11.06.2008 |
LOCATIONS
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Registered Office/Factory : |
12/13 Parth, 2nd Floor, 4, Ganesh Peth Lane, Dadar (West),
Mumbai – 400028, Maharashtra, India |
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Tel. No.: |
91-22-32457214/24368356 |
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Fax No.: |
91-22-24368356 |
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E-Mail : |
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Area : |
2000 Sq. ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Nilesh S Goyal |
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Designation : |
Proprietor |
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Address : |
203, Mitasu, Plot No. 135, Kandivali (West), Mumbai – 400067 |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Pharmacy Management |
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Experience : |
12 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Fumigation
Machine, Suction Machine, Autoclave, Disinfectant, Anesthesia Machine and
Disposable |
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Products : |
Henke – Ecolab |
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Agencies Held : |
Henkel – Ecolab – Germany |
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Imports : |
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Products : |
Henke – Ecolab |
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Countries : |
Germany |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers, End Users and others |
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No. of Employees : |
office – 4 |
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Bankers : |
State Bank of India, Dadar (West), Mumbai – 400028 |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 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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15.000 |
Expected Sales (2008-09) : Rs. 60.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference -:
v
Disinfectants
v Breachcandy Hospital, Mumbai
v Jaslok Hospital, Mumbai
Press Clipping
Skan's foggine machine
enables fast fumigation
Thursday, February
08, 2007 08:00 IST
Skan Inc., an India-based company indulged in the
production and distribution of hygiene and micro bacteria control products, has
sucessfully introduced SKAN
Fog-ULV, a foggine machine, into the market.
The device can be used in hospitals, pharmaceuticals and bio-tech industries,
nursing homes and clinics to meet the task of aerial fumigation or disinfection
in sterile areas. It generates high-density fog droplets in the size ranging
between 5 and 15 microns. After fumigation sterile areas will be ready for use
within a period of 1-1.30 hours.
Equipped with superior quality powerful Vac Motors, Precision Metering System
and Non Rotating Vortex design Nozzle assembly, SKAN Fog-ULV is ideal to dispense
disinfectant, biocides, fungicides, deodorants and pesticides.
Apart, when used with disinfectants, SKAN Fog-ULV will deliver fast, high effective, safe non-toxic
fumigation. What makes the devise more desirable is the absence of side effects
and irritation compared to Formalin+ KMN04 fumigation.
The company said the
device will facilitate wide range of fumigation or disinfection tasks of space
and surfaces that are impossible with any of the traditional means like
Formalin fumigation, spraying with OT care machine or manual prayer.
SKAN Fog-ULV is also used in Food Processing, Dairy, ice cream, Canning, Meals & Sea Food Processing, Fisheries, Packaged Water, Poultry Hatcheries, Animal Houses Aerial fumigation / disinfection in incubators and Greenhouses for myriad of uses.
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.42.90 |
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UK Pound |
1 |
Rs.83.74 |
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Euro |
1 |
Rs.66.46 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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37 |
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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