MIRA INFORM REPORT

 

 

 

Report Date :

6.09.2008

 

IDENTIFICATION DETAILS

 

Name :

B D INSTRUMENTATION INDIA

 

 

Registered Office :

36, Pragati Vihar,Behind B D Flour Mill, Ambala Cantt, Ambala – 133001, Haryana.

 

 

Country :

India

 

 

Financials (as on) :

31.03.2008

 

 

Year of Establishment :

1999

 

 

IEC No.:

3306000566

 

 

PAN No.:

[Permanent Account No.]

AIFTM5545B

 

 

Legal Form :

 Sole Proprietory Concern

 

 

Line of Business :

Manufacturer and Exporter of Scientific and Lab 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

 

 

 

 

 

Status :

Satisfactory

 

 

 

 

 

 

Payment Behaviour :

Regular

 

 

 

 

 

 

Litigation :

Clear

 

 

 

 

 

 

Comments :

Subject is a well established concern having satisfactory track records. Trade relations are fair. Payments are usually correct and as per commitments.

 

The concern can be good for normal business dealings at usual trade terms and conditions.

 

 

INFORMATION PARTED BY

 

Name :

Mr.Rajiv Madan

Contact No.:

91-9416146436

Date :

18.08.2008

 

LOCATIONS

 

Registered Office/Factory:

36, Pragati Vihar,Behind B D Flour Mill, Ambala Cantt, Ambala – 133001, Haryana, India

Tel. No.:

91-171-2690407

Mobile No.:

91-9416146436

Fax No.:

91-171-2690407

E-Mail :

Bdi_India@yahoo.co.in

Website :

www.indiamart.com/bdinstrumentation

Area :

500 sq.yds

Location :

Owned

 

 

SOLE PROPRIETOR

 

Name :

Mr.Brij Mohan

Designation :

Proprietor

Address :

Ambala Cantt

Age :

34 years

Qualification :

Graduate

Experience :

15 years

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Scientific and Lab Instruments.

 

 

Products :
  • Laboratory Microscopes
  • General Laboratory Equ
  • Clean Air System
  • Physiology Instruments
  • Visual Equipment
  • Heat System
  • Seed Germinator
  • Microtome Equipment
  • Polarimeter
  • Refractometer

 

 

Exports :

 

Products :

Scientific and Lab Instruments

Countries :

v      Sri Lanka

v      Indonesia

v      Malaysia

v      Butan

v      UK

 

 

Terms :

 

Selling :

Cash / Credit (30 days)

 

 

Purchasing :

Credit / Cash (30 days)

 

GENERAL INFORMATION

 

Customers :
  • End Users

 

 

No. of Employees :

30 (in office 5 + 25 in factory)

 

 

Bankers :
  • Vijaya Bank

   Ambala Cantt

 

 

Facilities :

Cash / Credit Limit 1.000 millions

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Rajiv Garg and Company

Chartered Accountant

Ambala Cantt

 

 

Associates/Subsidiaries :

Nil

 

CAPITAL STRUCTURE

Nil

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

SUMARISED FIGURE

 

Particulars

 

31.03.2008

31.03.2007

1] Share Capital

 

2.500

2.350

 

 

 

 

LOAN FUNDS

 

 

 

2] Unsecured Loans

 

1.500

1.200

 

 

 

 

FIXED ASSETS [Net Block]

 

4.100

3.800

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

2.600

2.200

 

Cash & Bank Balances
 

0.334

0.210

 

 
 

 

 

 CURRENT LIABILITIES
 

 

 

 

Current Liabilities
 

14.800

13.200

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

 

31.03.2008

31.03.2007

Sales Turnover

 

9.800

9.200

 

 

 

 

Profit/(Loss) Before Tax

 

0.686

0.650

Provision for Taxation

 

0.000

0.000

Profit/(Loss) After Tax

 

0.686

0.650

 

 

 

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

TRUSTSEAL ACCEPTANCE CHART

 

Parameters

Detail

Existence Verification

B D INSTRUMENTATION INDIA

Name

 

Address

36, Pragati Vihar,Behind B D Flour Mill, Ambala Cantt, Ambala – 133001, Haryana.

2nd Address

36, Pragati Vihar,Behind B D Flour Mill, Ambala Cantt, Ambala – 133001, Haryana.

Phone / Mobile Numbers

91-171-2690407 / MOB – 91-9416146436

Electricity Bill

Electricity Bill is in Name of Company

MNFRS.and Exporters of Scientific and Lab.

 

 

Statutory Approvals

Proprietor

Legal Status of Firm

Mr.Brij Mohan ,Aged 34 years

Income Tax Registration

AIFTM5545B

VAT / TIN Registration

6241034813

Import Export Code

3306000566

Name of Bank

Vijya Bank , Ambala Cantt

Emp PF Reg Number

ND

Company ESI Reg Number

ND

RBI Code Number

AIFTM5545B

 

 

Creditability Factors

 

India Mart Client Since

New Member

Years of Establishment

1999

 

 

Trade Affiliations

 

SSI Registration

Nil

Export Promotion Council

Export Promotion Council Scientific

 

 

Standards and Certifications

 

Quality Management Systems

Yes Maintaining Full Quality Control

Environment Management Systems

Nil

Safety Certificates

Yes Maintaining Full Quality Control

 

 

TRADE REFERENCES:

 

v      A ONE HANDICRAFTS , JAIPUR

v      SHEV EXPORTS , JAIPUR

 

 

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]         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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.37

UK Pound

1

Rs.78.09

Euro

1

Rs.63.41

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

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

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

46

 

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, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions