1. Summary Information
|
Country |
India |
||
|
Company Name |
MSP LAB
INSTRUMENTS |
Principal Name 1 |
Mr. M. Raga Sudha |
|
Status |
Satisfactory |
Principal Name 2 |
- |
|
Registration # |
- |
||
|
Street Address |
Plot No. 39 and
40, 1st Floor, Chitta Reddy Complex, Tadbund ‘X’ Road,
Secunderabad – 500009, Andhra Pradesh, India |
||
|
Established Date |
01.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-40-27845511 |
Business Style 1 |
Distributor |
|
Fax # |
91-40-27845511 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
YL GC and YL HPLC |
|
|
# of employees |
18
(Approximately) |
Product Name 2 |
All HPLC and GC Columns, Consumables and Spares |
|
Paid up capital |
Rs.
6,004,000/- |
Product Name 3 |
- |
|
Shareholders |
No |
Banking |
ICICI
Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
- |
Current Liabilities |
- |
|
Inventories |
- |
Long-term Liabilities |
- |
|
Fixed Assets |
- |
Other Liabilities |
- |
|
Deferred Assets |
- |
Total Liabilities |
- |
|
Invest& other Assets |
- |
Retained Earnings |
- |
|
|
|
Net Worth |
- |
|
Total Assets |
- |
Total Liab. & Equity |
- |
|
Total Assets (Previous Year) |
38,943,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
57,303,000 |
Net Profit |
2,993,000 |
|
Sales(Previous yr) |
41,134,000 |
Net Profit(Prev.yr) |
1,997,000 |
MIRA INFORM REPORT
|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MSP LAB INSTRUMENTS |
|
|
|
|
Registered
Office : |
Plot No. 39 and 40, 1st Floor, Chitta Reddy Complex, Tadbund
‘X’ Road, Secunderabad – 500009, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
01.03.2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.004 Millions (As on 31.03.2012) |
|
|
|
|
IEC No.: |
0907020992 |
|
|
|
|
TIN No.: |
28358639229 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ALPPM6303A |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Distributor of Lab Instruments. |
|
|
|
|
No. of Employees
: |
18 (Approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
usually correct. The concern 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Shyam Prasad |
|
Designation : |
Authorised Signatory |
|
Contact No.: |
91-9346525202 |
|
Date : |
29.05.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 39 and 40, 1st Floor, Chitta Reddy Complex,
Tadbund ‘X’ Road, Secunderabad – 500009, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27845511 |
|
Mobile No.: |
91-9346525202/ 9393147258 (Mr. Shyam Prasad) |
|
Fax No.: |
91-40-27845511 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. M. Raga Sudha |
|
Designation : |
Proprietor |
|
Address : |
House No. 36-135/9, Flat No. 503, Vijay Pratap Residency, Near
Bhavan’s Degree College, Defence Colony, Sainikpuri, Secunderabad – 500094,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.01.1980 |
|
Qualification : |
Degree |
|
Experience : |
5 Years |
KEY EXECUTIVES
|
Name : |
Mr. Shyam Prasad |
|
Designation : |
Authorised Signatory |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Lab Instruments. |
|
|
|
|
Products : |
|
|
|
|
|
Agencies Held : |
|
|
|
|
|
Imports : |
|
|
Products : |
Lab Instruments like GC, HPLC Systems HPLC Columns, Consumables |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 and 90 days) |
|
|
|
|
Purchasing : |
Credit (90 days) |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
18 (Approximately) [In Office] |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
Rs. 15.000 Millions (From Axis Bank) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Abhishek Kakani Chartered Accountant |
|
Address : |
4-1-970, Shop No. 13, Surabhi Shraddha Complex, Opposite Santhosh
Swapna Theatre Lane, Tilak Road, Abids, Hyderabad – 500001, Andhra Pradesh,
India |
|
Tel. No.: |
91-40-32998828 |
|
Mobile No.: |
91-9533388876 |
|
E-Mail : |
CAPITAL STRUCTURE
As on: 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs. 6.004 Millions |
|
Borrowed : |
- |
|
Total : |
Rs. 6.004 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
6.004 |
4.161 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
6.004 |
4.161 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.004 |
4.161 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.802 |
0.105 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
16.020 |
8.524 |
|
|
Sundry Debtors |
|
19.536 |
12.856 |
|
|
Cash & Bank Balances |
|
2.384 |
4.909 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.201 |
0.021 |
|
Total
Current Assets |
|
38.141 |
26.310 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.056 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
0.447 |
0.198 |
|
Total
Current Liabilities |
|
32.939 |
22.254 |
|
|
Net Current Assets |
|
5.202 |
4.056 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.004 |
4.161 |
|
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
57.303 |
41.134 |
34.867 |
|
|
|
|
|
|
Profit/Loss for the year |
2.993 |
1.997 |
1.445 |
Projected Turnover for the Current year (2013-14): 100.000 Millions
Projected Net Profit for the current year (2013-14): 4.932 Millions
The above information has been parted by Mr. Shyam Prasad.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.16 |
1.18 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
No |
TRADE REFERENCES
- Agastya Agro Limited, 39 and 40, 2nd Floor, Chitta Reddy Complex, Tadbund ‘X’ Roads, Secunderabad – 500009, Andhra Pradesh, India (91-9394711583 – Mr. Murali)
- Teckbond Laboratories Private Limited, 23/C, LIGH, Vengalarao Nagar, Hyderabad – 500038, Andhra Pradesh, India (91-9000424210 – Mr. Naresh)
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 55.74 |
|
|
1 |
Rs. 84.17 |
|
Euro |
1 |
Rs. 72.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
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.