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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TARUN SCIENTIFIC INSTRUMENTS |
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Registered
Office : |
1269, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2011 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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TSGST No.: |
1667313 |
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TIN No.: |
33821667313 |
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CST No.: |
1057402/2.11.2011 |
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PAN No.: [Permanent Account No.] |
BBJPK6060R |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Trader and Supplier of Auto Clave,
Bacteriological Incubator, Blood Bank Refrigerator, etc. |
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No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new proprietorship concern and establishing itself
gradually. Trade relations are reported as fair. Business is active. Payments
are unknown. The concern can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Karthigai
Selvam |
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Designation : |
Proprietor |
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Contact No.: |
91-44-26810525 |
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Date : |
28.04.2012 |
LOCATIONS
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Registered Office/ Factory : |
1269, |
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Tel. No.: |
91-44-26810525 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
|
Name : |
Mr. Karthigai
Selvam |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Supplier of Auto Clave, Bacteriological
Incubator, Blood Bank Refrigerator, etc. |
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|
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Products : |
v Auto Clave v Bacteriological Incubator v Blood Bank Refrigerator v BOD Incubator v Cloud and Pour Point Apparatus v
Constant Temperature v Deep Freezer/Sub-Zero Treatment Chamber upto -80oC/Ultra Low Temp. Cabinet v Environmental Test Chamber/Climatic Chamber v Hot and Cold Chamber v Hot Air Oven/Laboratory Oven v Humidity Chamber/Stability Chamber v Lyophilizer (Freeze Drier) v Magnetic Stirrer v Muffle Furnace v Salt Spray Chamber v
Ultra-Cryogenic v Vaccum Oven v
Water Bath/High Temperature Bath/Calibrated |
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Terms : |
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Selling : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
End Users v
TVS Rubber Limited, v
TVS Sri Chakra Limited, |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
City Union Bank, Poonamalee Branch, Chennai, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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31.03.2012 |
|
Sales Turnover (Approximately) |
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2.500 |
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The above information has been parted by Mr. Karthigai Selvam (Proprietor).
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of
Establishment |
Yes |
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2) Locality of
the firm |
Yes |
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3) Constitutions
of the firm |
Yes |
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4) Premises
details |
No |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
background |
Yes |
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8) No. of
employees |
Yes |
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9) Name of person
contacted |
Yes |
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10) Designation of
contact person |
Yes |
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11) Turnover of
firm for last one year |
Yes |
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12) Profitability
for last three years |
No |
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13) Reasons for
variation <> 20% |
-- |
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14) Estimation
for coming financial year |
No |
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15) Capital in
the business |
No |
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16) Details of
sister concerns |
No |
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17) Major
suppliers |
No |
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18) Major
customers |
Yes |
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19) Payments
terms |
Yes |
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20) Export /
Import details (if applicable) |
No |
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21) Market
information |
-- |
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22) Litigations that
the firm / promoter involved in |
-- |
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23) Banking
Details |
Yes |
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24) Banking
facility details |
No |
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25) Conduct of
the banking account |
-- |
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26) Buyer visit
details |
-- |
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27) Financials,
if provided |
Yes |
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28) Incorporation
details, if applicable |
No |
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29) Last accounts
filed at ROC |
No |
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30) Major
Shareholders, if available |
No |
TRADE REFERENCES:
Factory and
Central Marketing Office:
TVS Rubber
Limited,
Kochadai,
Tel. No.: 91-452-2381531
Fax No.: 91-452-2381240
E-Mail: sirf.exports@tvsrubber.com
TVS Sri Chakra
Limited
Vallaripatti, Melur Taluk,
PROFILE:
This is a proprietorship firm started in 2011.
The proprietor is Mr. Karthigai
Selvam. Mr. Selvam started his career at Southern Scientific Labs, Chennai.
After working there for sometime he joined Global Scientific Instruments as
Partner. After he gained some experience in this field he decided to start a
firm of his own. Thus was born Tarun Scientific Instruments. The firm is a
manufacturing unit of laboratory instruments. He has supplied two consignments
will now to
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.