MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPECTRA LAB PRIVATE LIMITED |
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Registered Office : |
7, Raj Roshan, Pipe line Road, Louis Wadi, Thane, Maharashtra – 400
604 |
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Country : |
India |
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Date of Incorporation : |
01.04.2008 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of analytical and pollution monitoring instrument |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company, successor to a proprietory concern,
established in year 1982. Trade relations are fair. Payments are not available. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sanjay |
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Designation : |
Accountant |
LOCATIONS
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Registered Office : |
7, Raj Roshan, Pipe line Road, Louis wadi, Thane, Maharashtra – 400
604 |
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Tel. No.: |
91-22-25822772/ 25800191 |
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Mobile No.: |
91-22-25821033 |
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Fax No.: |
91-22-25821033 |
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E-Mail : |
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Website : |
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Area : |
2000 sq ft |
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Location : |
Owned |
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Factory : |
Sachin Industrial Estate, 4A/5A/8,9,10 Kovd Road, Kopat, Thane (West),
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Tel. No.: |
91-22-25478145/4158 |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. V. U. Kulkarni |
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Designation : |
Director |
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Date of Birth/Age : |
60 Years |
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Qualification : |
BE |
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Name : |
Mrs. Vrinda Kulkarni |
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Designation : |
Director |
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Date of Birth/Age : |
52 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of analytical and pollution monitoring instrument |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
U.S.A |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
End Users
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No. of Employees : |
50 |
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Bankers : |
Saraswat Co-operative Bank, Thane, Zambai Naka, Agyari Lane |
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Facilities : |
OD Rs.5.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Karnik and Company Chartered Accountant |
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Associates/Subsidiaries : |
Techno Search Instrument, Thane Line of Business : IR Accessories (Manufacture) |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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Approximately 30.500 |
Expected Sales (2008-09) : Rs.50.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Parameters |
Details |
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Existence Verification |
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Name |
Spectra Lab Private Limited |
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Address |
7, Raj Roshan, Pipe line Road, Louis Wadi, Thane, Maharashtra – 400 604 |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AAACE9965H |
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VAT/ TIN Registration |
27910651627V |
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Import Export Code |
0308019865 |
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Name of Bank |
Saraswat Co-operative Bank |
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Current Account Number |
1214 |
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Account Since |
26 Years |
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Credibility Factors |
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IndiaMART Client Since |
4 Years |
Trade Reference
- Reliance
- Glenmark Pharmaceutical
As Per Websites
About Us
Right from inception - Subject is engaged in developing cost effective
import substitute, state-of the-art products, which find applications in
Quality control, R and D, Environmental safety and similar fields. Their
products are being used in several reputed organizations all over India.
Chemical, Pharmaceutical, Fertilizers, Petrochemical Industries, Dairy, Water
and Water Waste Dyes, Food and Paints, Research Institutes, National
Laboratories, Atomic Energy, Defense, Public Sector Units, Multinationals, I.I.T.'s
Leading Universities, Pollution Control Boards etc.
Strengths
They possess state-of-the-art manufacturing capabilities that enable
them to design instruments that meet the toughest quality standards. They are
committed to meeting customer expectations in terms of performance, reliability
and accuracy through the implementation of quality programs and a commitment to
continuous improvement They understand that customized solutions will be needed
when pre-engineered products do not meet customer requirements. They posses
that capability to innovate and provide solutions to meet customer
specifications and requirements. They have a strong RandD base, an Application
Lab and infrastructure for production of multi discipline complex Analytical
Instruments. With efficient after sales services and high quality control
standards, They have established an enviable reputation in the analytical
instruments Sector in India. standards, They have established an enviable
reputation in the analytical instruments Sector in India.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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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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32 |
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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