MIRA
INFORM REPORT
|
Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CENTRAL SCIENTIFIC INSTRUMENTS COMPANY |
|
|
|
|
Registered Office : |
4/1700, Mahavir Block, Bhola Nath Nagar, Shahdara, New Delhi – 110 032 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
1971 |
|
|
|
|
TIN No.: |
07220059812 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AKORP8383F |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer and Suppliers Material Testing Instruments. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2500 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established but small concern. Its trade relations are
fair. Business is steady. Payments are usually correct and as per
commitments. The concern can be considered for normal business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Pankaj Rustagi |
|
Designation : |
Proprietor |
|
Date : |
18.08.2008 |
LOCATIONS
|
Registered Office : |
4/1700, Mahavir Block, Bhola Nath Nagar, Shahdara, New Delhi – 110
032, India |
|
Tel. No.: |
91-11-22305008 |
|
Mobile No.: |
91-9810226918 |
|
Fax No.: |
91-11-22305008 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
K-208, Sector-V, DSIDC Industrial Area, Bawan, New Delhi – 110 032,
India |
|
Area : |
100 Sq. mtrs. |
|
Location : |
Owned |
PROPRIETOR
|
Name : |
Mr. Pankaj Rustagi |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
37 Years |
|
Qualification : |
Post Graduate |
|
Experience : |
12 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Suppliers Material Testing Instruments. |
|
|
|
|
Products : |
v Universal
Automatic Compactor v California Bearing
Ratio Test Apparatus, Motorised v Los Angles
Abrasion Testing Machine v Core Drilling
Machine Engine Driven |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
|
Customers : |
v Manufacturer |
|
|
|
|
No. of Employees : |
4 |
|
|
|
|
Bankers : |
v State Bank of
India Shahdara, New Delhi – 110 032, India |
|
Auditors : |
|
|
Name : |
Not Available |
|
|
|
|
Sister Concerns : |
v Tech India Line of
Business: Manufacturer and Supplier of Material Testing Instruments. Sales Turnover: Rs. 10.000
millions |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 0.500 million |
|
Borrowed : |
-- |
|
Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
3.500 |
3.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
12% |
12% |
Expected Sales (2008-09): Rs. 10.000 millions
LOCAL AGENCY FURTHER
INFORMATION
Trust Seal Acceptance Chart
|
Parameters |
Details |
|
Existence Verification |
|
|
Name |
CENTRAL SCIENTIFIC INSTRUMENTS COMPANY |
|
Address |
4/1700, Mahavir Block, Bhola Nath Nagar, Shahdara, New Delhi – 110
032, India |
|
Tel. No. |
91-11-22305008 |
|
Fax No |
91-11-22305008 |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Proprietorship |
|
Income Tax Registration |
AKORP8383F |
|
VAT/ TIN Registration |
07220059812 |
|
Name of Bank |
State Bank of India, Shahdara, New Delhi |
|
|
|
|
Credibility Factors |
|
|
Year of Establishment |
1971 |
As Per Website Details
Established in 1971, they are a well-known name in the field of
manufacturing and supplying material testing instruments. They offer an extensive
range of instruments/ equipments which have found application by engineers,
technicians, geologists, agronomists, educational institutions, contractors and
industries for testing and analysis of soil, asphalt, concrete, cement,
aggregate, bitumen, cable, metal, paper rubber, survey and general laboratory
equipment. Leveraging the engineering expertise and experience, they
manufacture top quality products with latest technology at the disposal. They
believe in stringent quality control and every instrument/ equipment is manufactured strictly as per ISS or BSS
specifications.
They understand that through constant innovation, refinement and unwavering
commitment to quality, they can sustain the reputation as the most trusted
manufacturer. The comprehensive distribution network and prompt deliveries have
endeared us to the clients.
Sound Infrastructure
They have procured state-of-the-art devices to utilize latest technologies for manufacturing testing equipment. The sophisticated machineries are well-equipped to undertake various design and engineering activities to provide paramount productivity. The in built facilities enable us to manufacture equipment as per clients' requirements.
The manufacturing unit has been sub-divided into different divisions to perform scheduled sophisticated tasks and make sure that the products meet ISS and BSS norms. They have vast network of Indian and international dealers, hence they can promptly serve the global clients.
Research and Development
They have incorporated research and development as an integral part of the organizational and manufacturing strategies. As the testing equipment industry witnesses advancements in technology everyday they direct all the efforts to adapt these developments and remain in sync with the latest. The research wing ensures that the product range is not only as per the latest technology, but they also thrive to conceptualize innovative designs, which are trend setters in the industry. The research lab is equipped with the ultra modern equipments and the engineers optimize it to its maximum potential.
Pur Team
They, at Central Scientific Instruments, are proud to have a team of young, talented and dedicated professional engineers from the fields of electronics, instrumentation, materials science and metallurgy, electrical and mechanics engineering and software engineering. Their positive and client friendly attitude is major factor behind the success.
The team constantly works to achieve total satisfaction of clients. They periodically conduct workshops and training sessions with international engineers to enrich and enhance their engineering skills and production knowledge. The thorough professional attitude of the team inspires us to achieve greater level of precision in production.
Clients
The superior quality testing and analytic instruments which are manufactured with precision, are offered at budgetary prices. The products are highly admired in the international market. The products provide exceptional services and enable us to nurture beneficial business association with the clients. They are proud to cater to the needs of long list of clients which include renowned engineers, technicians, geologists, agronomists, educational institutions, contractors and industries. They have an extensive clientèle, based across the globe.
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 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 :
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 44.21 |
|
UK Pound |
1 |
Rs. 79.76 |
|
Euro |
1 |
Rs. 64.72 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
|