MIRA INFORM REPORT

 

 

Report No. :

321600

Report Date :

08.05.2015

 

IDENTIFICATION DETAILS

 

Name :

SPECTROCHEM PRIVATE LIMITED

 

 

Registered Office :

221, 2nd Floor, Anand Bhavan, 17, Babu Genu Road, Princess Street, Mumbai – 400002, Maharashtra

 

 

Tel. No.:

91-22-22016968

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.10.1982

 

 

Com. Reg. No.:

11-028448

 

 

Capital Investment / Paid-up Capital :

Rs. 5.000 Million

 

 

CIN No.:

[Company Identification No.]

U24110MH1982PTC028448

 

 

IEC No.:

0394021550

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS16083E

 

 

PAN No.:

[Permanent Account No.]

AAACS5958C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Laboratory Chemicals.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 380000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Overall financial position of the company seems to be sound and healthy.

 

Trade relations are fair. Business is active. Payments are reported to be usually 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.

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Cash Credit: “BBB-” (Suspended)

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

22.09.2014

 

Rating Agency Name

CRISIL

Rating

Letter of Credit: “A3” (Suspended)

Rating Explanation

Moderate degree of safety and higher credit risk.

Date

22.09.2014

 

Reason for Suspension: Absence of requisite information.

 

 

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 31-03-2014.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-42128300)

 

 

LOCATIONS

 

Registered Office :

221, 2nd Floor, Anand Bhavan, 17, Babu Genu Road, Princess Street, Mumbai – 400002, Maharashtra, India

Tel. No.:

91-22-22016968/ 42128300/ 22067521/ 22055883

Fax No.:

91-22-22059299/ 42128322/ 22083184

E-Mail :

info@spectrochem.in

spectrochem@bol.net.in

spectrochem@hathway.com

Website :

www.spectrochem.in

www.spectrochem.india.com

Location :

Owned

 

 

Corporate Office :

Office No.2, 1st Floor, 384-M, Dabholkar Wadi, Kalbadevi Road, Mumbai – 400002, Maharashtra, India

Tel. No.:

91-22-42128300/ 22016968

Fax No.:

91-22-42128322

 

 

Unit I:

E-88/89, E-96/97/98/100, MIDC, Tarapur Industrial Area, Boisar Railway Station, Thane – 401506, Maharashtra, India

 

 

Unit II:

E-55, Tarapur Industrial Area, Boisar Railway Station, Thane – 401506, Maharashtra, India

 

 

Unit III:

E-6/2, Tarapur Industrial Area, Boisar Railway Station, Thane – 401506, Maharashtra, India

 

 

Branch Offices :

Located at

 

·         Lucknow

·         Vadodara

·         New Delhi

·         Bangalore

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Sameer Rajendrakumar Agrawal

Designation :

Director

Address :

93, Ahoora Mahal, Flat No.3, G. Road, Marine Drive, Marine Lines, Mumbai – 400002, Maharashtra, India

Date of Appointment :

07.10.2002

DIN No.:

00407382

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U24110MH1982PTC028448

SPECTROCHEM PRIVATE LIMITED

Director

07-10-2002

07-10-2002

Active

NO

2

U24200MH1987PTC044712

TEJAS ORGANICS PRIVATE LIMITED

Director

24-12-2007

24-12-2007

Active

NO

 

 

Name :

Mr. Sachin Rajendrakumar Agrawal

Designation :

Director

Address :

93, Ahoora Mahal, Flat No.3, G. Road, Marine Drive, Marine Lines, Mumbai – 400002, Maharashtra, India

Date of Appointment :

07.10.2002

DIN No.:

00435213

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U24110MH1982PTC028448

SPECTROCHEM PRIVATE LIMITED

Director

07-10-2002

07-10-2002

Active

NO

2

U24200MH1987PTC044712

TEJAS ORGANICS PRIVATE LIMITED

Director

24-12-2007

24-12-2007

Active

NO

 

 

Name :

Mr. Rajendrakumar Raghunandan Agrawal

Designation :

Director

Address :

93, Ahoora Mahal, Flat No.3, G. Road, Marine Drive, Marine Lines, Mumbai – 400002, Maharashtra, India

Date of Appointment :

11.10.1982

DIN No.:

00850979

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U24110MH1982PTC028448

SPECTROCHEM PRIVATE LIMITED

Director

11-10-1982

11-10-1982

Active

NO

2

U24200MH1987PTC044712

TEJAS ORGANICS PRIVATE LIMITED

Director

24-12-2007

24-12-2007

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

Percentage of Holding

Rajendrakumar Raghunandan Agrawal

38000

76.00

Sameer Rajendrakumar Agrawal

4000

8.00

Sachin Rajendrakumar Agrawal

4000

8.00

Sarla R. Agrawal

4000

8.00

Total

50000

100.00

 

 

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Laboratory Chemicals.

 

 

Products :

Laboratory Chemicals

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks: Not Divulged

 

·         Bank of Maharashtra, 4 Riddhi Siddhi Apartment, 10th Lane, Khetwadi Back Road, Girgaum, Mumbai - 400006, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Term Loan – From Banks (Hypothecated against fixed assets)

46.098

56.689

Working Capital Loan (Hypothecation against Plant and Machinery, Land, Inventory, Book Debts and Personal Guarantee of Directors)

50.631

56.611

Total

96.729

113.300

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V.J Choksi and Company

Chartered Accountants

Address :

301, Jolly Bhavan No.2, NEW MARINE LINES, Mumbai – 400020, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AAAFV7653G

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Company :

Tejas Organics Private Limited

CIN No.: U24200MH1987PTC044712

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

75000

Equity Shares

Rs.100/- each

Rs.7.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs.100/- each

Rs.5.000 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

5.000

5.000

5.000

(b) Reserves & Surplus

127.824

97.400

73.844

(c) Money received against Share Warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application Money Pending Allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

132.824

102.400

78.844

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term Borrowings

180.259

182.342

169.312

(b) Deferred Tax Liabilities (Net)

0.000

0.000

0.000

(c) Other Long Term Liabilities

0.000

0.000

0.000

(d) Long-Term Provisions

0.000

0.000

0.000

Total Non-Current Liabilities (3)

180.259

182.342

169.312

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term Borrowings

0.000

0.000

0.000

(b) Trade Payables

44.432

31.485

27.523

(c) Other Current Liabilities

7.204

6.672

4.940

(d) Short-Term Provisions

11.829

8.450

8.088

Total Current Liabilities (4)

63.465

46.607

40.551

 

 

 

 

TOTAL

376.548

331.349

288.707

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-Current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible Assets

78.963

81.483

79.087

(ii) Intangible Assets

0.124

0.124

0.124

(iii) Capital Work-in-progress

0.000

0.000

0.000

(iv) Intangible Assets under Development

0.000

0.000

0.000

(b) Non-Current Investments

7.066

6.301

8.540

(c) Deferred Tax Assets (net)

0.388

0.315

0.279

(d) Long-Term Loan and Advances

12.717

12.725

2.536

(e) Other Non-Current Assets

0.000

0.000

0.000

Total Non-Current Assets

99.258

100.948

90.566

 

 

 

 

(2) Current Assets

 

 

 

(a) Current Investments

0.000

0.000

0.000

(b) Inventories

111.333

70.436

40.426

(c) Trade Receivables

137.625

130.463

125.398

(d) Cash and Cash Equivalents

7.782

9.193

7.161

(e) Short-Term Loans and Advances

20.505

20.269

25.130

(f) Other Current Assets

0.045

0.040

0.026

Total Current Assets

277.290

230.401

198.141

 

 

 

 

TOTAL

376.548

331.349

288.707

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

SALES

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

NA

NA

NA

 

 

 

 

 

Less

TAX                                                                 

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

30.425

23.556

20.929

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

65.083

55.667

54.715

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

54.451

91.103

70.925

 

TOTAL IMPORTS

54.451

91.103

70.925

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

608.50

471.11

418.58

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.36

1.78

2.15

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

4.37

4.94

4.89

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

5.000

5.000

5.000

Reserves & Surplus

73.844

97.400

127.824

Net worth

78.844

102.400

132.824

 

 

 

 

long-term borrowings

169.312

182.342

180.259

Short term borrowings

0.000

0.000

0.000

Total borrowings

169.312

182.342

180.259

Debt/Equity ratio

2.147

1.781

1.357

 

 

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

No

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

Yes

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10350724

29/03/2012

6,500,000.00

BANK OF MAHARASHTRA

4 RIDDHI SIDDHI APARTMENT, 10TH LANE, KHETWADI BA 
CK ROAD, GIRGAUM, MUMBAI, MAHARASHTRA - 400004, INDIA

B37877669

2

10028120

10/02/2015 *

204,750,000.00

BANK OF MAHARASHTRA

4 RIDDHI SIDDHI APARTMENT, 10TH LANE, KHETWADI BA 
CK ROAD, GIRGAUM, MUMBAI, MAHARASHTRA - 400006, INDIA

C45575560

3

90229938

19/02/2004

1,500,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

4

90229851

12/03/2003

1,500,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

5

90229843

12/02/2003

1,500,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

6

90229768

23/07/2002 *

2,250,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

7

90229664

26/09/2002 *

200,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

8

90231084

29/03/2001

200,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

9

90226995

19/03/2003 *

17,793,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

10

90229520

25/11/1999

2,000,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

11

90226948

30/07/1997

2,878,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

12

90230907

30/07/1997 *

1,522,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

13

90229108

03/09/1996

2,000,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

14

90231990

30/07/1997 *

5,057,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

15

90228099

29/03/2001 *

2,600,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

16

90232365

25/08/1988

2,600,000.00

BANK OF MAHARASHTRA

S. P. ROAD BRANCH, MUMBAI, MAHARASHTRA - 400004, INDIA

-

17

90227864

11/03/1986

375,000.00

BANK OF MAHARASHTRA

TARAPUR IE BRANCH, C. F.C. BUILDING, THANE, MAHAR 
ASHTRA - 401506, INDIA

-

18

90232447

22/09/1988 *

375,000.00

BANK OF MAHARASHTRA

TARAPUR, THANE, MAHARASHTRA, INDIA

-

19

90227754

07/12/2007 *

52,000,000.00

BANK OF MAHARASHTRA

4 RIDDHI SIDDHI APARTMENT, 10TH LANE, KHETWADI BA 
CK ROAD, GIRGAUM, MUMBAI, MAHARASHTRA - 400004, INDIA

A29516887

20

90230405

13/12/1984

300,000.00

BANK OF MAHARASHTRA

TATAPUR IE BRANCH, CFC. NAOPURA ROAD; VIA BOIDAR, 
THANE, MAHARASHTRA - 401506, INDIA

-

21

90232440

04/05/1984

378,000.00

BANK OF MAHARASHTRA

TARAPUR RANCH, M. I. D.I.C NAOPURA ROAD; VIA BOISA, THANE, MAHARASHTRA - 401506, INDIA

-

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Other Loans and Advances

 

 

From Directors

68.871

56.691

From Family and Relatives of Directors

14.606

12.298

Deferred Sales Tax Loan

0.053

0.053

Total

83.530

69.042

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2014

(Rs. In Millions)

31.03.2013

(Rs. In Millions)

Contingent Liabilities:

 

 

On Letters of Guarantee

0.500

0.550

 

 

FIXED ASSETS

 

Tangible Assets

·         Leasehold Land

·         Buildings

·         Plant and Machinery

·         Electrical Installations

·         Office Equipment’s

·         Furniture and Fittings

·         Air Conditioners

·         Computers

Vehicles

 

Intangible Assets

·         Goodwill

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 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. 63.88

UK Pound

1

Rs. 97.21

Euro

1

Rs. 72.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAR

 

 

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

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

50

 

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

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.