MIRA
INFORM REPORT
|
Report Date : |
15.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACCURATE GAUGING AND INSTRUMENTS PRIVATE LIMITED |
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Registered Office
: |
67, Hadapsar Industrial Estate, 1st Floor, Pune – 411013, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
15.01.1987 |
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Com. Reg. No.: |
11-042232 |
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Capital Investment
/ Paid-up Capital : |
Rs. 5.625 millions |
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CIN No.: [Company Identification
No.] |
U33125MH1987PTC042232 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture, Importer and Exporter of Electronic Measuring
Instruments. |
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has seen a drastic dip in its sales turnover during 2012. Ratings also take into consideration the company’s working capital intensive
operations because of which short term debt has tremendously increased over
previous year which may affect the liquidity. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings at usual 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BB” |
|
Rating Explanation |
Moderate risk of default |
|
Date |
January 17, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A4+” |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
January 17, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Mhaske |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-66039000 |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office / Factory: |
67, Hadapsar Industrial Estate, 1st Floor, Pune – 411013, |
|
Tel. No.: |
91-20-66039000 /
66039204 / 26870158 / 159 |
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Fax No.: |
20-26870858 / 66039277 |
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E-Mail : |
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Web Site : |
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Location : |
Owned |
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Sales Network : |
Located at v
NORTH Uttarakhand Gurgaon v
SOUTH Ambattur Guindy Sriperumbudur Peenya Hosur v
EAST Kolkatta v
WEST Pune PCMC Chakan Ranjangaon Mumbai Nashik |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vikram Vilasrao Salunke |
|
Designation : |
Director |
|
Address : |
PL14/16 Clover Pinnacle Ridge, |
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Date of Birth/Age : |
24.04.1970 |
|
Date of Appointment : |
15.01.1987 |
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DIN No.: |
00479352 |
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|
|
Name : |
Mr. Prakash Bhalchandra Sumant |
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Designation : |
Director |
|
Address : |
S. No. 27 A, PL No. 10, Manmohan Socy, Pune – 4110029, |
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Date of Birth/Age : |
02.07.1946 |
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Date of Appointment : |
30.08.1992 |
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DIN No.: |
01798435 |
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Name : |
Ms. Sonali Prashant Shinde |
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Designation : |
Director |
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Address : |
Shahyoug 17 , A, Hanuman Nagar, Near |
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Date of Birth/Age : |
04.02.1972 |
|
Date of Appointment : |
30.08.2008 |
|
DIN No.: |
01966759 |
KEY EXECUTIVES
|
Name : |
Mr. Mhaske |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vikram Vilasrao Salunke |
|
39414 |
|
Ravati Vikram Salunke |
|
7500 |
|
Aditya Vilas Salunke |
|
2812 |
|
Kalpana Vilas Salunke |
|
2812 |
|
Sonali Prashant Shinde |
|
2812 |
|
Prakash Balchandra Sumant |
|
675 |
|
Rajaram Abaji Wakchaure |
|
225 |
|
Total |
|
56250 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.96 |
|
Other
top fifty shareholders |
|
0.04 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Importer and Exporter of Electronic Measuring
Instruments. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
·
Bank of Maharashtra, Hadapsar Industrial
Estate Brandh, Pune – 411013, Tel. No.: 91-20-26872006 Bank of Maharashtra, Central Office: 1501, Lokmangal,
Shivajinagar, Pune - 411013, |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
The
Hongkong And Shanghai Banking Corporation Limited |
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Auditors : |
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Name : |
A.A. Mehendale and Company Chartered Accountants |
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Address : |
Flat No. 9, Ajit Society, Happy Colony, Lane No-4, Kothrud, Pune –
411029, |
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Income-tax
PAN of auditor or auditor's firm : |
ABRPM2822N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56250 |
Equity Shares |
Rs. 100/- each |
Rs. 5.625
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
|
5.625 |
5.625 |
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(b) Reserves & Surplus |
|
44.497 |
44.351 |
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(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
50.122 |
49.976 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.317 |
15.448 |
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(b) Deferred tax liabilities (Net) |
|
0.953 |
0.990 |
|
(c) Other long
term liabilities |
|
15.425 |
16.125 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
22.695 |
32.563 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
19.526 |
8.769 |
|
(b)
Trade payables |
|
38.711 |
37.553 |
|
(c)
Other current liabilities |
|
13.812 |
15.284 |
|
(d) Short-term
provisions |
|
11.478 |
11.867 |
|
Total Current
Liabilities (4) |
|
83.527 |
73.473 |
|
|
|
|
|
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TOTAL |
|
156.344 |
156.012 |
|
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|
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|
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II.
ASSETS |
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|
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|
(1)
Non-current assets |
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|
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(a)
Fixed Assets |
|
|
|
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(i)
Tangible assets |
|
53.315 |
51.812 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.872 |
9.817 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
59.189 |
61.631 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
9.031 |
23.075 |
|
(c)
Trade receivables |
|
64.231 |
56.483 |
|
(d) Cash
and cash equivalents |
|
13.969 |
9.363 |
|
(e)
Short-term loans and advances |
|
9.760 |
5.249 |
|
(f)
Other current assets |
|
0.164 |
0.211 |
|
Total Current
Assets |
|
97.155 |
94.381 |
|
|
|
|
|
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TOTAL |
|
156.344 |
156.012 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
43.424 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
45.924 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
31.363 |
|
|
2] Unsecured Loans |
|
|
14.434 |
|
|
TOTAL BORROWING |
|
|
45.797 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
91.721 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
51.917 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.002 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
32.212 |
|
|
Sundry Debtors |
|
|
31.119 |
|
|
Cash & Bank Balances |
|
|
2.562 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
16.477 |
|
Total
Current Assets |
|
|
82.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
24.007 |
|
|
Other Current Liabilities |
|
|
18.561 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
42.568 |
|
|
Net Current Assets |
|
|
39.802 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
91.721 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
250.695 |
221.393 |
|
|
|
Other Income |
|
0.737 |
2.220 |
|
|
|
TOTAL |
194.926 |
251.432 |
223.613 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
180.813 |
237.160 |
215.031 |
|
|
|
|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.113 |
14.272 |
8.582 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.512 |
5.663 |
5.953 |
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX |
8.601 |
8.609 |
7.629 |
|
|
|
|
|
|
|
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|
Less |
TAX |
2.733 |
2.816 |
5.822 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX |
5.868 |
5.793 |
1.807 |
|
|
|
|
|
|
|
|
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|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
7.139 |
6.388 |
9.348 |
|
|
|
|
|
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|
|
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APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
2.812 |
2.187 |
1.250 |
|
|
|
Tax on Dividend |
0.456 |
0.353 |
0.212 |
|
|
|
Transferred to General
Reserve |
2.500 |
2.500 |
2.500 |
|
|
|
Provision for Gratuity
(Prior Period Item) |
0.686 |
0.000 |
0.000 |
|
|
|
Provision for Leave
Encashment |
0.677 |
0.000 |
0.000 |
|
|
|
Other Adjustments |
1.092 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4.784 |
7.139 |
6.388 |
|
|
|
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|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
8.938 |
11.454 |
NA |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
104.32 |
102.99 |
72.28 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
232.400 |
|
|
|
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|
The above information has been parted by Mr. Mhaske (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.01
|
2.30 |
0.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
3.43 |
3.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.50
|
5.52 |
5.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52
|
0.48 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.28 |
1.94 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors for Supplies |
38.711 |
37.553 |
24.007 |
|
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|
|
|
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW OF OPERATION:
Income of Rs: 194.926 millions consists of Sales of 74 3-D Co-Ordinate
Measuring Machines, Accessories, Software, Installation, Servicing, Training
Charges and Misc Income as against of Rs: 251.432 millions of earlier year,
showing a decrease of around 22.47%.
During the year, the company has started the setting
up of a new Project of Mineral Castings at Saswad Unit, which will benefit the
company for manufacture of Machine Tools and Special Purpose Machine
Components. The project is expected to be completed during the year 2012-13 by
commencement of the trial production by end of September, 2012.
EXPORT DEVELOPMENTS:
During the year, the company has
made an export of Rs: 4.717 millions, as against of Rs: 16.468 millions, of
earlier year, showing decrease in export of around 71.35% than the earlier
year. Looking at the current trend and developments, your company expects to
achieve good export business in the years to come.
CAPITAL AND FINANCE:
During the year the company has not raised any owned and/or borrowed capital and was regular in payment of interest and repayment of principal of the existing loans. However, company has repay all principal Amount of Short Term Loan as well as Term Loan which was avail in year Mar 2011 and year 2004-2005 respectively and closed the such account as on 31.03.2012
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Interest Free Sales Tax Loan (Under State Government Package Scheme of Incentives) |
19.526 |
8.769 |
|
Total |
19.526 |
8.769 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U33125MH1987PTC042232 |
|
Name of the
company |
ACCURATE GAUGING
AND INSTRUMENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
67, Hadapsar Industrial Estate, 1st Floor, Pune – 411013, E-mail: accurate@vsnl.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
80041088 |
|
Type of charge |
Others |
|
Particular of
charge holder |
Bank of Maharashtra, Hadapsar Industrial Estate Brandh, Pune – 411013, Maharashtra, India E-mail: bom81@mahabank.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Cancellation of Credit facility granted to the Company amounting to Rs. 5.000
millions. |
|
Date of instrument
Creating the charge |
25.04.2013 |
|
Amount secured by
the charge |
Rs. 45.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate Of Interest Nil Terms Of Repayment Nil Margin Nil Extent And Operation Of The Charge Nil |
|
Short particulars
of the property charged |
Not Applicable |
|
Particulars of
the present modification |
The total
Facilities now stand as follows: Cash Credit:
20.000 millions Bank Guarantee: 25.000
millions Total limit:
45.000 millions |
FIXED ASSETS:
· Plant and Machinery
Instruments
Mobile
Instruments
Computer
Configuration
Vehicle
Air
Conditioning
Electrical
Installation
Pattern,
Tools and Dies
Office
Equipment
Furniture
and Fixture
Air
Conditioning System
PRESS RELEASE
PRESIDENT GIVES AWAY NATIONAL TECHNOLOGY DAY AWARDS 2013
ALSO LAUNCHES INNOVATIVE PRODUCTS SUPPORTED BY TECHNOLOGY DEVELOPMENT BOARD AND
CSIR
11-May, 2013
The President of India, Shri Pranab Mukherjee today presented National Technological Awards at a function held here in Vigyan Bhawan to mark the National Technology Day 2013.
The National Award for 2013 was given to M/s Biovet Private Limited, Malur, Kolar, Karnataka for successful commercial production of Bluetongue pentavalent vaccine and Johne’s disease vaccine for the first time in India. The technology was provided by Indian Veterinary Research Institute (IVRI) Izatnagar, Uttar Pradesh.
Shri S.N. Singh, Managing Director, M/s Biovet Private Limited, Malur, KolaralongwithDr. Tapas Bhattacharyawill receive the award. Dr. Gaya Prasad Singh, Acting Director, Indian Veterinary Research Institute (IVRI), Izatnagar, UP received the award.
Instituted by the Technology Development Board (TDB) in 1999 the Award carries an amount of Rs.1.000 million and a trophy each to the Industrial Concern and the technology provider.
The Award to encourage Small Scale Industries (SSI units) for 2013 and also to successfully commercialize product based on indigenous technologies, developed by SSI Unit for the year 2013 was given to M/s PYRODYNAMICS, Bengaluru for development and commercialization of a digital Strain Measurement System. Shri S. Ravi Prakash, Smt. Padmaja received the award. Instituted by the Technology Development Board. The award carries an amount of Rs. 0.500 million and a trophy.
The Second award in this category went to M/s Accurate Gauging and instruments Pvt. Ltd, Pune for development and commercialization of a Coordinate Measuring Machine in 3D device for Measuring the Physical Geometrical Characteristics of an Object. Shri VikramSalunkhe, Shri S. Diveker received the award.
To promote development and commercialization of Biotechnology Products, Department of Biotechnology instituted Biotech Product and Process Development and Commercialisation Awards. The award carries cash prize of Rs. 2.00 lakhs, citation and a trophy to each awardee. There are Four Awards in this category
This year’s Biotech Product and Process Development and Commercialisation Awards for 2013 were awarded to Dr.Samit Kumar Nandi from West Bengal University of Animal and Fishery Sciences for his pioneering work in developing of methods of using biomaterials in treatment of orthopaedic surgical challenges.
Dr. K.M. Shankar (Kalkuli MariappaHegde Shankar) from Karnataka Veterinary, Animal and Fisheries Sciences University, Bidar, were awarded for development of Farmer level Monoclonal antibody based Diagnostics Kits for white spot virus of shrimp and other four aquatic pathogens in India.
Dr. R K Vijh and his team from National Bureau of Animal Genetic Resources, Karnal got the award for development parentage verification kits of Buffalo, cattle, sheep, goat, camel, Yak and Mithun.
Dr. Daman Saluja from University of Delhi was awarded for his pioneering work for developing the PCR BASED DIAGNOSTIC KIT FOR NEISSERIA and CHLAMYDIA
This year’s National Award for Technology Business Incubator went to Kongu Engineering College, Perundurai, Erode, Tamil Nadu. Chairman TBI Mr. P. Sathiya Moorthy, and Prof S. Kuppuswami,Principal of KEC Erode will received the award.
Department of Science and Technology instituted Technology Business Incubators (TBIs) in academic institutions to promote innovation and entrepreneurship. The National Award for best TBI is given to an incubator that has shown outstanding performance in creation of technology based new enterprises. The award carries a cash prize of Rs. 3.00 lakh, Certificate and a trophy.
On this occasion following Innovative Products supported by Technology Development Board and CSIR were also launched:
The First product which is Blood Chemistry Analyser and Compact Portable Mobile Lab developed by Sh. Amit Bhatnagar, an IITian with the assistance of TDB. This Analyser supports the analysis of 23 parameters which includes Haemoglobin count, Blood Glucose, Urea, Uric Acid, Creatinine, Total Protein, Bilirubin, Cholesterol, Triglycerides, SGPT, Calcium, Magnesium, and Phosphorous. Cost of testing all 23 parameters on this device is less than Rs. 120 per person. The analyser is capable of analyzing 4000 samples during a day. The Blood chemistry analyzer costs around Rs. 0.080 million.
The Second product that is Handheldintegrated battery operated microPCR(Polymerase Chain Reaction (PCR) Device with real-time detection. This device has been developed by M/s bigtec, Bangalore with support from CSIR-NMITLI. This PCR can detect Tuberculosis, Malaria, Dengue, Chikungunya, Hepatitis B and H1N1, ailments that contribute significantly to the disease burden in India. The device is expected to cost a tenth of a conventional real-time PCR.
As a Third item President Pranab Mukherjee and Union Science and Technology Earth Sciences Minister Shri Reddy also released the Science and Technology Report titled “India: Science and Technology”capturing India’s SandT progress over the years emphasising on the nation’s objectives to drive innovation at full strength. The report has been published by CSIR and covers subjectson SandT and Human Resources; Innovation Support System; SandT and Industry; SandT Outputs and Patents; and Rural Development and SandT Strategies.
The fourth item launched is a modular Tablet PC designed, developed and manufactured by two young IITians- Sh. Rohan Pandey and Sh. Rohit Rathi. Their Tablet PC is differentiated from other similar product in the market as it integrates ZigBee along with WiFi, Bluetooth and 3G. Its design is inspired from the look of a book and it has 2 displays, one in front like a Magazine and another on the spine to show secondary information. This advanced version is intended to be marketed at a price of Rs. 0.012 million per unit in the Indian 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 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.59.90 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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 |
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.