MIRA INFORM REPORT

 

 

Report No. :

322182

Report Date :

12.05.2015

 

IDENTIFICATION DETAILS

 

Name :

SPECTRUM SCAN PRIVATE LIMITED

 

 

Registered Office :

268/A/2, Shah and Nahar Industrial Estate, Lower Parel, Mumbai – 400013, Maharashtra

Tel. No.:

91-22-666046128

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

26.10.1995

 

 

Com. Reg. No.:

11-093945

 

 

Capital Investment / Paid-up Capital :

Rs. 2.500 Million

 

 

CIN No.:

[Company Identification No.]

U22220MH1995PTC093945

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of POP, POS Material also engaged into printing services.

 

 

No. of Employees :

300 (Approximately) (200 Contract + 100 Permanent)

 

 

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 270000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

The company has reported a decent increase in its turnover and profitability during FY 2014. It has sound profit margin and fair liquidity position during year under review. The rating also takes note of favorable gap between trade receivables and payables.

 

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

 

Subject 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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

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 PARTED BY

 

Name :

Mr. Sunil Mandavkar

Designation :

Senior Accountant

Contact No.:

91-250-2452111

Date :

12.05.2015

 

 

LOCATIONS

 

Registered Office :

268/A/2, Shah and Nahar Industrial Estate, Lower Parel, Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-666046128/66604613

Mobile No.:

91-9321452114 (Mr. Raj)

Fax No.:

Not Available

E-Mail :

accounts@spectrummail.com

Website :

www.spectrumscanindia.com

 

 

Factory :

Plot No-64/65, The Vasi Taluka Industrial Estate, Sector-1, Gaurai Para Vasi East, Thane – 401208, Maharashtra, India

Tel No.:

91-250-2452111/2452112

Fax No.:

91-250-2451377

 

 

DIRECTORS

 

As on 26.09.2014

 

Name :

Mr. Parmanand Amratlal Shah

Designation :

Director

Address :

C-7, Vireshwar Krupa, Tejpal Road, Vile Parle, Mumbai – 400057, Maharashtra, India

Date of Appointment :

26.10.1995

DIN No.:

00439735

 

 

Name :

Mr. Anil Parmanand Shah

Designation :

Director

Address :

C-8, Vireshwar Krupa, Tejpal Road, Vile Parle, Mumbai – 400057, Maharashtra, India

Date of Appointment :

26.10.1995

DIN No.:

00439753

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U22220MH1995PTC093945

SPECTRUM SCAN PRIVATE LIMITED

Director

26-10-95

26-10-95

-

Active

NO

2

U22219MH2002PTC136527

SPECTRUM SCREEN PRIVATE LIMITED

Director

17-07-02

17-07-02

-

Strike off

NO

 

 

Name :

Mr. Amit Parmanand Shah

Designation :

Director

Address :

401, Shashwat Building, S V Road, Irla, Vile Parle, Mumbai – 400056, Maharashtra, India

Date of Appointment :

26.10.1995

DIN No.:

00439765

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U22220MH1995PTC093945

SPECTRUM SCAN PRIVATE LIMITED

Director

26-10-95

26-10-95

-

Active

NO

2

U22219MH2002PTC136527

SPECTRUM SCREEN PRIVATE LIMITED

Director

17-07-02

17-07-02

-

Strike off

NO

3

U22200MH1971NPL015200

BOMBAY MASTER PRINTERS ASSOCIATION

Director

17-08-06

17-08-06

-

Active

NO

4

U22219MH2001NPL133077

SCREEN PRINTERS ASSOCIATION OF INDIA

Director

24-09-07

24-09-07

30-09-09

Active

NO

5

U41000MH2007PLC175261

PRAJ HIPURITY SYSTEMS LIMITED

Director

30-09-11

01-10-10

06-01-12

Active

NO

 

 

Name :

Mrs. Mona Amit Shah

Designation :

Director

Address :

401, Shashwat Building, S V Road, Irla, Vile Parle, Mumbai – 400056, Maharashtra, India

Date of Appointment :

26.10.1995

DIN No.:

00439791

 

 

KEY EXECUTIVES

 

Name :

Mr. Sunil Mandavkar

Designation :

Senior Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2014

 

Names of Shareholders

 

No. of Shares

Paramanand Amratlal Shah

 

3650

Anil Parmanand Shah

 

7200

Amit Parmanand Shah

 

7950

Mona Amit Shah

 

4600

Sushila Parmanand Shah

 

400

Renu Anil Shah

 

350

Amit Parmanand Shah – HUF

 

200

Parmanand Amratlal Shah - HUF

 

100

Anil Parmanand Shah- HUF

 

200

Dhwani Anil Shah

 

100

Rutu Amit Shah

 

150

Karan Amit Shah

 

50

Filisha Amit Shah

 

50

Total

 

25000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 26.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of POP, POS Material also engaged into printing services.

 

 

Products :

---

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Good

Countries :
  • South Africa
  • China
  • Zimbabwe

 

 

Imports :

 

Products :

Machinery

Countries :
  • China
  • Germany
  • Singapore
  • Hong Kong

 

 

Terms :

 

Selling :

Cash and Credit 

 

 

Purchasing :

Cash and Credit 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Avery Dennison India Limited, Mumbai, Maharashtra, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

ITC Limited, Karnataka

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

300 (Approximately) (200 Contract + 100 Permanent)

 

 

Bankers :

Bank Name

The Saraswat Co-Operative Bank Limited

Branch

Small And Medium Enterprises Branch,,

Popatlal Niwas, 1st Floor, Ranade Road, Dadar, Mumbai - 400028,

Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Machinery Loans

14.358

19.883

Vehicles Loans

3.120

0.245

Term loans

5.950

12.082

Total

23.428

32.210

 

Auditors :

 

Name :

Gawande and Associates

Chartered Accountants

Address :

801, Mahalaxmi Chambers, 22 Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

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

AADFG2763P

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000

Equity Shares

Rs.100/- each

Rs. 2.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000

Equity Shares

Rs.100/- each

Rs. 2.500 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

2.500

2.500

2.500

(b) Reserves & Surplus

93.426

70.788

62.868

(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)

95.926

73.288

65.368

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

36.960

45.981

33.196

(b) Deferred tax liabilities (Net)

2.840

1.875

0.219

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.218

0.000

0.514

Total Non-current Liabilities (3)

41.018

47.856

33.929

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

85.448

94.945

85.661

(c) Other current liabilities

41.924

35.497

25.235

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

127.372

130.442

110.896

 

 

 

 

TOTAL

264.316

251.586

210.193

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

95.067

98.939

59.510

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

21.197

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.125

0.025

0.025

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

5.270

3.274

2.363

(e) Other Non-current assets

1.800

1.440

1.080

Total Non-Current Assets

102.262

103.678

84.175

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

29.777

33.027

35.382

(c) Trade receivables

108.629

104.679

81.954

(d) Cash and cash equivalents

20.544

3.284

3.213

(e) Short-term loans and advances

2.190

6.222

5.032

(f) Other current assets

0.914

0.696

0.437

Total Current Assets

162.054

147.908

126.018

 

 

 

 

TOTAL

264.316

251.586

210.193

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

431.686

336.137

302.552

 

Other Income

 

 

 

 

TOTAL

431.686

336.137

302.552

 

 

 

 

 

Less

EXPENSES

400.845

323.778

285.482

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

30.841

12.359

17.070

 

 

 

 

 

Less

TAX

8.264

4.506

4.911

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

22.577

7.853

12.159

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

23.079

0.130

6.639

 

TOTAL EARNINGS

23.079

0.130

6.639

 

 

 

 

 

 

IMPORTS

 

 

 

 

Machinery, Components and Spare Parts

2.812

 20.896

0.732

 

TOTAL IMPORTS

2.812

 20.896

0.732

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

903.08

314.11

 NA

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

500.00

 

Expected Sales (2015-2016) : Rs.600.000 Million

 

The above information has been parted by Mr. Sunil Mandavkar

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

11.67

4.91

9.03

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.32

0.17

0.26

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.39

0.63

0.51

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.27

1.13

1.14

 

 

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

2.500

2.500

2.500

Reserves & Surplus

62.868

70.788

93.426

Net worth

65.368

73.288

95.926

 

 

 

 

long-term borrowings

33.196

45.981

36.960

Short term borrowings

0.000

0.000

0.000

Total borrowings

33.196

45.981

36.960

Debt/Equity ratio

0.508

0.627

0.385

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

302.552

336.137

431.686

 

 

11.101

28.426

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

302.552

336.137

431.686

Profit

12.159

7.853

22.577

 

4.02%

2.34%

5.23%

 

 

 

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

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last four 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

Yes

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

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

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans from directors

3.883

3.939

Loans from shareholders

9.649

9.832

Total

13.532

13.771

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10566425

21/03/2015

6,000,000.00

THE SARASWAT CO-OP. BANK LIMITED

SMALL AND MEDIUM ENTERPRISES BRANCH- DADAR, POPA
TLAL NIWAS,1ST FLOOR,RANADE ROAD, DADAR(W), MUMBAI, MAHARASHTRA - 400028, INDIA

C52169620

2

10547688

04/02/2015

9,000,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISES BRANCH - DADAR, POPA
TLAL NIWAS, 1ST FLOOR, RANADE ROAD, DADAR, MUMBAI,
MAHARASHTRA - 400028, INDIA

C42828418

3

10528106

21/10/2014

3,000,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISE BRANCH - DADAR,, POPA
TLAL NIWAS, 1ST FLOOR, RANADE ROAD, DADAR (W),, MU
MBAI, MAHARASHTRA - 400028, INDIA

C31497621

4

10514018

05/08/2014

5,600,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISES BRANCH,, POPATLAL NI
WAS, 1ST FLOOR, RANADE ROAD, DADAR,, MUMBAI, MAHAR
ASHTRA - 400028, INDIA

C15709439

5

10504763

28/05/2014

240,000.00

THE SARASWAT CO-OPERATIVE BANK LTD

THE SARASWAT CO-OPERATIVE BANK LTD, RANADE ROAD,
DADAR (WEST), MUMBAI, MAHARASHTRA - 400028, INDIA

C07918584

6

10495328

12/11/2014 *

5,600,000.00

THE SARASWAT CO-OP. BANK LIMITED

SMALL AND MEDIUM ENTERPRISES BRANCH,, POPATLAL NI
WAS, 1ST FLOOR, RANADE ROAD, DADAR,, MUMBAI, MAHAR
ASHTRA - 400028, INDIA

C34102228

7

10484538

14/03/2014

761,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

SMALL AND MEDIUM ENTERPRISES BRANCH, POPATLAL -,
NIWAS, 1ST FLOOR, RANADE ROAD, DADAR, (WEST), MUMB
AI, MAHARASHTRA - 400028, INDIA

C00281568

8

10424743

30/04/2013

5,300,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISES BRANCH,, POPATLAL NI
WAS, 1ST FLOOR, RANADE ROAD, DADAR,, MUMBAI, MAHAR
ASHTRA - 400028, INDIA

B74761941

9

10424741

25/04/2013

1,400,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISES BRANCH,, POPATLAL NI
WAS, 1ST FLOOR, RANADE ROAD, DADAR,, MUMBAI, MAHAR
ASHTRA - 400028, INDIA

B74761693

10

10424744

25/04/2013

7,600,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

SMALL AND MEDIUM ENTERPRISES BRANCH,, POPATLAL NI
WAS, 1ST FLOOR, RANADE ROAD, DADAR,, MUMBAI, MAHAR
ASHTRA - 400028, INDIA

B74762170

 

* Date of charge modification

 

FIXED ASSETS

 

  • Land
  • Building
  • Furniture and Fixtures
  • Electrical Furniture
  • Plant and Machinery
  • Machinery
  • Air Conditioner
  • Office equipment
  • Motor Car
  • Computer 

 

 

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 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.63.85

UK Pound

1

Rs.98.47

Euro

1

Rs.71.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

KVT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--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

YES

--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

 

--

 

 

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.