MIRA
INFORM REPORT
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Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPAN CONTROLS |
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Registered Office : |
S. No.15/8, Unit No.9, Kruti I. E., Opposite Sangam Press, Kothrud |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1987 |
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PAN No.: [Permanent
Account No.] |
ABMPD2628J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Battery Chargers, SMPS, DC to DC Converters |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 27000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track records. Trade relations are fair. Business is active. No complaints
have been heard. The concern can be considered for small to mediocre business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajan Darekar/ Mr. Umesh |
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Designation : |
Proprietor/ Accountant |
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Contact No.: |
Mobile no. 91-9822036662 |
LOCATIONS
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Registered Office/ Factory : |
S. No.15/8, Unit No.9, Kruti I. E., Opposite Sangam Press, Kothrud |
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Tel. No.: |
91-20-25444473 /
25424829 |
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Mobile No.: |
91-9822036662 (Mr. Rajan Darekar) |
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Fax No.: |
91-20-25460272 |
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E-Mail : |
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Website : |
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Area : |
1500 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Rajan Darekar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
49 Years |
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Qualification : |
Diploma in Electronics |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Battery Chargers, SMPS, DC to DC Converters |
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Products : |
·
50 W Single Output
Switching Power Supply ·
120 W Single
Output Switching Power Supply |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
30 |
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Bankers : |
Bank of Maharashtra, Mayur Colony Citi Bank, Pune Branch |
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Facilities : |
CC – Rs.0.600 million |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
A S Thorat and Company Chartered Accountants |
CAPITAL STRUCTURE
PROPRIETOR CAPITAL ACCOUNT AS ON 31.03.2008
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Particulars |
Rs. In Million |
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Agriculture Income |
0.037 |
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Capital RVD |
5.172 |
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Citi bank credit card |
(0.012) |
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Dividend received |
0.028 |
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drawings |
(0.060) |
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Interest on HSG Loan |
(0.064) |
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LIC Payments |
(0.033) |
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Medicliam |
(0.006) |
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PPF |
(0.070) |
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Principal repayment |
(0.053) |
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Rent fountain head |
0.117 |
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Rent kale park |
0.150 |
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Total |
5.206 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.205 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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5.205 |
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LOAN FUNDS |
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1] Secured Loans |
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5.688 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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5.688 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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10.893 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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8.289 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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1.308 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.317 |
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Sundry Debtors |
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5.674 |
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Cash & Bank Balances |
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1.164 |
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Other Current Assets |
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0.023 |
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Loans & Advances |
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0.610 |
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Total
Current Assets |
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7.788 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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6.492 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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6.492 |
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Net Current Assets |
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1.296 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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10.893 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Sales Turnover |
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30.356 |
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Other Income |
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0.095 |
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Total Income |
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30.451 |
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Net Profit |
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2.800 |
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Total Imports |
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Expenditures : |
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Purchases made for re-sale |
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23.750 |
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Salaries, Wages, Bonus, etc. |
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1.677 |
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Other Expenditure |
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2.224 |
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Total Expenditure |
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27.651 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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- |
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Net Profit Margin (PBT/Sales) |
(%) |
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9.22 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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16.10 |
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Return on Investment (ROI) (PBT/Networth) |
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0.53 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.34 |
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Current Ratio (Current Asset/Current Liability) |
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1.19 |
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Excise Registration No.: ABMPD2628J XM001 |
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VAT / TIN : 27060019703V |
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PAN / TAN : ABMPD2628J |
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Bank Name : Bank of Maharashtra |
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Bank A/c. No.: 20046906433 |
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Account Since : 4
Years |
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In case of any affiliations / memberships / certifications
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Name : ISO by AQSR
(Gno.-) QMS – 0412 - 00 |
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Type : 9001-2000 |
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Expiry Date : 26th
October, 2009 |
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TRADE REFERENCES:
- Ador Proton Limited - Pune, Chinchwad
- Span Dynalog India Limited - Pune, Mumbai
WEBSITE DETAILS:
PROFILE:
A WIDE RANGE OF
SWITCHING MODE POWER SUPPLIES
They have over fifty types of Switching Mode Power Supplies and DC-DC
Converters for customers to choose among; Single and Multiple Output, Five
watts up to Few Hundred watts.
STANDARD / CUSTOM PRODUCTS
The Standard power supplies features off the shelf delivery, high quality yet
economical prices. The Custom Power Supplies can be quickly modified from
standard in response to user's specific requirements, including layout of
Custom PCB and different types of cases with required safety features.
HIGH VOLUME PRODUCTION
Capability for OEM clients and Low Volume flexibility for special purpose
equipment Manufacturers
Various types of Safety and Standards Approvals are available on request for OEM Customers.
Fields of Applications:
The Power Products find
applications in the following Fields -
LED
Lighting Systems
Bio-medical
Equipments
Diesel
Genset Panels (AMF Panels)
Telecom
Industries
Machinery
Control Panels
UPS
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] 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.33 |
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UK Pound |
1 |
Rs.73.92 |
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Euro |
1 |
Rs.66.69 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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