MIRA
INFORM REPORT
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Report Date : |
13.11.2008 |
IDENTIFICATION DETAILS
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Name : |
TSI INSTRUMENTS INDIA PRIVATE LIMITED |
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Registered Office : |
II Floor, Empire Infantry No. 29, |
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Country : |
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Date of Incorporation : |
05.06.2008 |
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Com. Reg. No.: |
46667 |
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CIN No.: [Company
Identification No.] |
U33125KA2008PTC046667 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRT06374E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Design and Production of Precision Measurement Instruments |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
The company is a subsidiary of Management denied business and financial details. It’s trade relations are reported as fair. Payments are correct and as
per commitments. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions.
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LOCATIONS
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Registered Office : |
II Floor, Empire Infantry No. 29, |
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Tel. No.: |
91-80-41132470 |
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Fax No.: |
91-80-41132471 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Stephen Mathias |
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Designation : |
Director |
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Address : |
No. 60, Vittal |
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Date of Birth/Age : |
23.05.1971 |
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Name : |
Mr. Shanthala M V |
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Designation : |
Director |
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Address : |
396, 24th B Cross, 14th Main, Banashankari, II
Stage, |
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Date of Birth/Age : |
11.02.1974 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Stephen Mathias |
9999 |
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M V Shanthala |
1 |
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Total |
10000 |
List of Allotment
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Names of Allottees |
No. of Shares |
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TSI Incorporated` |
1539 |
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Total |
1539 |
BUSINESS DETAILS
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Line of Business : |
Design and Production of Precision Measurement Instruments |
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Products : |
·
Accubalance
Air Capture Hood ·
Aerodynamic
Particle Sizer (APS) ·
Aerosol
Generators And Dispersers ·
Aerosol
Time-Of-Flight Mass Spectrometers ·
Aerotrak
9000 Nanoparticle Aerosol ·
Aerotrak
Handheld Particle Counter ·
Aerotrak
Portable Particle Counter |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
·
TSI Incorporated Telephone: 1
651-490-2811 Toll Free:
1-800-874-2811 Fax: 1
651-490-3824 E-mail: info@tsi.com Web: www.tsi.com ·
TSI GmbH Neuköllner Strasse 4,
Geschäftsführer: Günter Höing, Kevin Krause, Amtsgericht Aachen HRB 3193,
USt-IdNr. DE 123594834, 52068 Fax: 49 241-52303-49 E-mail: tsigmbh@tsi.com Web: www.tsiinc.de ·
TSI Instruments Limited Telephone: 44-0-149 4 459200 Fax: 44-0-49 4 459700 E-mail: tsiuk@tsi.com Web: www.tsiinc.co.uk ·
TSI France Inc. Europarc
Bât. D, 26, rue John Maynard keynes, Telephone:
33-0-4 91 952 190 Fax:
33-0-4 91 952 191 E-mail:
tsifrance@tsi.com Web:
www.tsiinc.fr ·
TSI Asia Pacific Inc. (Beijing
Representative Office) Room A805 Telephone: 86-10-8260 1595 Fax: 86-10-8260 1597 E-mail: tsibeijing@tsi.com |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
As the subject is
a new company, no financials are available.
LOCAL AGENCY FURTHER INFORMATION
Web Details
Profile
Subject
Incorporated serves a global market by investigating, identifying and solving
measurement problems. As an industry leader in the design and production of
precision measurement instruments, Subject, partners with research institutions
and customers around the world to set the standard for measurements relating to
aerosol science, air flow, indoor air quality, fluid dynamics and biohazard
detection. With headquarters based in the
Related Topics:
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TSI Locations
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Career Opportunities
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TSI News
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Quality Programs
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Working with TSI
Business
Subject has a worldwide
presence with over 400 dedicated employees working in facilities in North
America and Europe and
Subject has three
wholly owned subsidiaries: Environmental
Systems Corporation (
Subject
researchers and engineers have been granted more than 50 patents and have a
proven record of developing instruments that are the first, the only, the best
of their kind. Participation in societies and standards committees has long
been a subject priority. The engineers have chaired or sat on a variety of
committees in organizations such as ASHRAE, ANSI, AIHA, and AAAR*.
The staff and
products are involved in current global issues, such as diesel engine exhaust
reduction, biohazard protection, homeland security, environmental pollution,
workplace comfort, and facility monitoring. Data provided by our instruments
are used in monitoring and research applications destined to have a long-term
impact on humankind and the world around them.
*American Society
of Heating, Refrigeration, and Air Conditioning Engineers (ASHRAE), American
National Standards Institute (ANSI), American Industrial Hygiene Association
(AIHA), and American Association for Aerosol Research (AAAR).
TSI Product Lines
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Aerosol generators and dispersers
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Airflow Instruments
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Alnor Instruments
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Atmospheric monitoring
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Automated filter test
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Biomedical test equipment
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Chemical characterization
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Combustion gas analyzers
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Contamination control
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Critical environments monitors/controllers
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Exposure monitoring
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Indoor air quality
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Laser doppler velocimetry
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Mass flowmeters
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NBC protection
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Particle counters and detectors
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Particle sizers
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Phase doppler particle analyzers
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PIV systems
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Respirator fit testing
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Thermal anemometry
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V3V system
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Ventilation test instruments
TSI Acquires
Subject Incorporated, a worldwide in
measurement technology, announces the acquisition of Adams Instruments and
Facility Monitoring Systems Limited (FMS). Adams Instruments is a developer of
world leading remote optical particle sensor technology. FMS is a premier
provider of environmental contamination control systems. Together, these
acquisitions will create a diverse line of contamination monitoring solutions
to compliment subject’s line of advanced aerosol instrumentation including the
AeroTrak handheld, portable and remote particle counters.
Subject’s President, Tom Kennedy stated,
“This is the first of several moves that will take subject to a leadership
position within the contamination control and controlled environments markets.
Subject will leverage its global resources and expertise in aerosol science and
instrumentation to provide customers with best-in-class instruments, monitoring
systems and services.”
Adam Giandomenico, former president of Adams
Instruments, has led several manufacturers of optical particle counters and
environmental monitoring systems in achieving significant growth for more than
15 years. Along with the FMS leadership team, Giandomenico will play an
important role as subject expands its presence in the contamination control
market.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.48.79 |
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1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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 |
3 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
- |
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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 |
NO |
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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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25 |
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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