. Summary Information
|
Country |
|
||
|
Company Name |
SPECTRA
INNOVATIONS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Prasad S Mamidanna |
|
Status |
Moderate |
Principal Name 2 |
Mr. Gajanan Prabhakar Deshpande |
|
Registration # |
08-026251 |
||
|
Street Address |
S-820-822,
Manipal Centre, South Block, 47, Dickenson Road, Bangalore – 560042,
Karnataka, India |
||
|
Established Date |
21.01.2000 |
SIC Code |
-- |
|
Telephone# |
91-80-25888323 / 25321917 / 25581426 |
Business Style 1 |
Trader |
|
Fax # |
91-80-25221427 |
Business Style 2 |
Semiconductors |
|
Homepage |
Product Name 1 |
LED’s. |
|
|
# of employees |
25
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.4,990,000/- |
Product Name 3 |
- |
|
Shareholders |
Foreign holdings - 29.41% Directors or relatives of Directors - 70.59% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(18) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
30,334,000 |
Current Liabilities |
57,442,000 |
|
Inventories |
14,079,000 |
Long-term Liabilities |
334,000 |
|
Fixed Assets |
2,474,000 |
Other Liabilities |
550,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
58,326,000 |
|
Invest& other Assets |
62,000 |
Retained Earnings |
(16,367,000) |
|
|
|
Net Worth |
(11,377,000) |
|
Total Assets |
46,949,000 |
Total Liab. & Equity |
46,949,000 |
|
Total Assets (Previous Year) |
48,161,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
117,917,000 |
Net Profit |
(16,678,000) |
|
Sales(Previous yr) |
105,920,000 |
Net Profit(Prev.yr) |
272,000 |
MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRA INNOVATIONS INDIA PRIVATE LIMITED (w.e.f.23.03.2007) |
|
|
|
|
Formerly Known
As : |
SPECTRA MICROWAVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-820-822, Manipal Centre, South Block, 47, Dickenson Road, Bangalore
– 560042, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.01.2000 |
|
|
|
|
Com. Reg. No.: |
08-026251 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.990 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30005KA2000PTC026251 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS04104C BLRS13735B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Semiconductors and LED’s. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears huge loss during 2011-2012. The liquidity position seems to be
weak. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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) |
|
|
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.
LOCATIONS
|
Registered Office : |
S-820-822, Manipal Centre, South Block, 47, Dickenson Road, Bangalore
– 560042, Karnataka, India |
|
Tel. No.: |
91-80-25888323 / 25321917 / 25581426 |
|
Fax No.: |
91-80-25221427 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office 1 : |
Renaissance Altai, IInd Floor, No.5AC-952, HRBR I Block, Bangalore -560 043, Karnataka, India |
|
Tel. No.: |
91-80-2271-3495 |
|
Fax No.: |
91-80-2545 0610 |
|
E-Mail : |
|
|
Head Office 2 : |
Office no.311, 3rd Floor, Sunder Villa 19, S.V. Road, Santacruz (West),Mumbai - 400054, Maharashtra, India |
|
Tel. No.: |
91-22-4005-0660/61 |
|
Fax No.: |
91-22-4005-0662 |
|
E-Mail : |
|
|
|
|
|
Head Office 3 : |
# 12-13-677/65/3, Road No 1, 2nd Floor, Above ICICI ATM, Keemthi Colony, Tarnaka, Secunderabad, Hyderabad– 500017, Andhra Pradesh, India. |
|
Tel. No.: |
91-40-4013-1527 |
|
Fax No.: |
91-40-4013-1527 |
|
E-Mail : |
|
|
|
|
|
Head Office 4 : |
Unit #812, 8th floor, Hemakunt Tower, 98, Nehru Place, New Delhi -110 019, India |
|
Tel. No.: |
91-11-42851555 |
|
Fax No.: |
+91-11-42851555 |
|
E-Mail : |
|
|
|
|
|
Head Office 5 : |
Chennai, Tamilnadu, India |
|
Mobile No.: |
+91-96770 78478
(Mr. Prabhu) |
|
E-Mail : |
|
|
|
|
|
Head Office 6 : |
Pune,
Maharashtra, India |
|
Mobile No.: |
+91-97655 53428
(Mr. Umesh Shinkar) |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at: v
v
v
v
v
v
|
|
|
|
|
Overseas Office 1 : |
780, Montague Expressway, Suite #606/607, San Jose, CA - 95131-1316, USA |
|
Tel. No.: |
(408) 954-8474 |
|
Fax No.: |
(408) 954-8399 |
|
E-Mail : |
|
|
|
|
|
Overseas Office 2 : |
51 Changi Business Park Central 2, #09-14, The Signature, |
|
Tel. No.: |
65 472031 |
|
Mobile No.: |
6848-8216 |
|
E-Mail : |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Prasad S Mamidanna |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
700, 6th ‘A’ Cross, 3rd Block, Koramangala, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.03.1959 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.05.2000 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01726990 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. K.N. Sahney |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
#2, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.03.1960 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.05.2000 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gajanan Prabhakar Deshpande |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Executive Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-3, Jayanthi gardens, Block I, 7th Cross, 7th Main,
J P Nagar, Phase I, Bangalore-560078, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.10.1959 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03280007 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
|
K.C. Sahney |
100 |
|
Mamidanna Prasad |
351900 |
|
. K.N. Sahney |
146800 |
|
Gajanan Prabhakar Deshpande |
200 |
|
|
|
|
Total |
499000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.12.20112
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
29.41 |
|
Directors or relatives of Directors |
70.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Semiconductors and LED’s. |
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
ICICI Bank, Bangalore, Karnataka, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Murali and Sumeet Chartered Accountants |
|
Address : |
#37/38, FFB-I Floor, Rama Residency, |
|
Tel. No. : |
91-80-22862797 / 98 / 99 |
|
E-Mail : |
|
|
PAN No. : |
ABAFS5150N |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.990 Millions |
|
|
|
|
|
Details of Shareholder holding more 5% shares:
|
Name of Share Holder |
No. of Shares |
% Holding |
|
Prasad S. Mamidanna |
351900 |
71.00% |
|
K.N. Sahney |
146800 |
29.00% |
Reconciliation of number of shares:
|
Particular |
No. of Shares |
Rs. In millions |
|
Equity Share Opening Balance |
499000 |
4.990 |
|
Add Shares issued during the year |
-- |
-- |
|
Equity Share
Closing Balance |
499000 |
4.990 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.990 |
4.990 |
4.990 |
|
|
2] Share Application Money |
0.000 |
0.00 |
0.005 |
|
|
3] Reserves & Surplus |
(16.367) |
0.310 |
0.039 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
(11.377) |
5.300 |
5.034 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.334 |
0.334 |
0.334 |
|
|
TOTAL BORROWING |
0.334 |
0.334 |
0.334 |
|
|
DEFERRED TAX LIABILITIES |
0.550 |
0.072 |
0.137 |
|
|
|
|
|
|
|
|
TOTAL |
(10.493) |
5.706 |
5.505 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.474 |
2.667 |
1.208 |
|
|
Capital work-in-progress |
0.062 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.079
|
12.915 |
7.998
|
|
|
Sundry Debtors |
26.081
|
28.551 |
14.254
|
|
|
Cash & Bank Balances |
0.581
|
0.978 |
1.920
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
3.672
|
3.050 |
2.649
|
|
Total
Current Assets |
44.413
|
45.494 |
26.821 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.141
|
40.974 |
21.329
|
|
|
Other Current Liabilities |
4.104
|
0.691 |
0.451
|
|
|
Provisions |
1.197
|
0.790 |
0.744
|
|
Total
Current Liabilities |
57.442
|
42.455 |
22.524
|
|
|
Net Current Assets |
(13.029)
|
3.039 |
4.297
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(10.493) |
5.706 |
5.505 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
117.917 |
105.920 |
70.332 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
117.917 |
105.920 |
70.332 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
133.472 |
104.913 |
69.313 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
133.472 |
104.913 |
69.313 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(15.555) |
1.007 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.644 |
0.589 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(16.199) |
0.418 |
1.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.479 |
0.146 |
0.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(16.678) |
0.272 |
0.660 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.311 |
0.039 |
(0.621) |
|
|
|
|
|
|
|
|
|
|
BALANCE / (LOSS)
CARRIED TO THE B/S |
(16.367) |
0.311 |
0.039 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
16.700 |
NA |
|
|
TOTAL EARNINGS |
NA |
16.700 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
83.100 |
42.600 |
NA |
|
|
TOTAL IMPORTS |
83.100 |
42.600 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(33.42) |
0.84 |
1.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(14.14)
|
0.26 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(13.73)
|
0.39 |
1.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(34.55) |
0.86 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.42)
|
0.08 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03
|
0.06 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77
|
1.07 |
1.19 |
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 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
Note:
The registered office address has
been shifted from 101, Green Field Apartments, 3 Priome Street,
UNSECURED LOANS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Other Loans |
0.334 |
0.334 |
|
Total |
0.334 |
0.334 |
FIXED ASSETS:
- Computers
- Furniture and fittings
- Electrical Fittings
- Networking
- Office and lab equipments
- Generators
- Air conditioners and installations
- Software
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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
18 |
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.