MIRA INFORM REPORT

 

 

Report Date :

18.06.2012

 

IDENTIFICATION DETAILS

 

Name :

NINA CONCRETE SYSTEMS PRIVATE LIMITED

 

 

Registered Office :

Mani Bhuvan, 4th Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra

 

 

Country :

India.

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

28.06.2003

 

 

Com. Reg. No.:

11-136356

 

 

Capital Investment / Paid-up Capital :

Rs.4.320 Millions

 

 

IEC No.:

0303003570

 

 

CIN No.:

[Company Identification No.]

U26940MH2002PTC136356

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMN10681G

 

 

PAN No.:

[Permanent Account No.]

AABCN6179P

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Providing Construction solutions.

 

 

No. of Employees :

Not Available

 

 

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 1200000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established and reputed company having satisfactory track. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are usually correct and as per commitments.

 

The company can be considered normal 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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

 

 

 

 

 

 

 

 

LOCATIONS

 

Registered/ Head Office :

Mani Bhuvan, 4th Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra, India.

Tel. No.:

91-22-23692462

Mobile No.:

91-9867524646 (Mr. Mahesh)

Fax No.:

91-22-2369 1894

E-Mail :

ninaind@bom5.vsnl.net.in, info_support@ninaindia.com, kaushal.parikh@ninaindia.com

Website :

http://www.ninaindia.com

Area:

1500 Sq. ft.

Location :

Rented

 

 

Factory :

Shree Hariyant Compound, Keleh Village Pipeline, Gala No.7-02, Bhivandi

Tel. No.:

91-9525-22272815

Area :

2500 Sq. ft.

Location :

Rented

 

 

Warehouse :

Mahavir Estate, Gala No.4, Andheri Ghatkopar Link Road No.72

Tel. No.:

91-22-28510748

Area :

1500 Sq. ft.

Location :

Rented

 

 

Sales Office:

Vardhman Complex, Premises Co-operative Society Limited, Office No. 121, Plot No.10, Fitwell House Compound, LBS Marg, Vikhroli West, Mumbai, Maharashtra, India

Fax No.:

91-22-67166001

Location :

Rented

 

 

Branches :

Located at :

 

  • Pune
  • New Delhi
  • Bangalore
  • Hyderabad

 

 

DIRECTORS

 

AS ON 30.09.2011

 

Name :

Mrs. Hetal Mehul Parikh

Designation :

Director

Address :

Mani Bhuvan, 3rd Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra, India.

Date of Birth :

12.09.1974

Qualification :

MBA

Date of Appointment :

28.06.2002

DIN No.:

01088397

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

U26940MH2002PTC136356

NINA CONCRETE SYSTEMS PRIVATE LIMITED

Director

28/06/2002

28/06/2002

-

Active

NO

2

U26940MH2002PTC136355

MEKAUL CONSTRUCTION TECHNOLOGIES PRIVATE LIMITED

Director

28/06/2002

28/06/2002

-

Active

NO

3

U45200MH1995PTC086434

VIJAY PROJECT CONSULTANTS AND LAND DEVELOPERS PRIVATE LIMITED

Director

30/08/2006

30/08/2006

-

Active

NO

4

U01110MH1987PTC045727

USHA FARMING PRIVATE LIMITED

Director

12/4/2007

12/4/2007

-

Active

NO

5

U01100MH1988PTC049127

SHAILESH FARMING PRIVATE LIMITED

Director

12/4/2007

12/4/2007

-

Active

NO

6

U01110MH1988PTC049214

RANJAN FARMING PRIVATE LIMITED

Director

12/4/2007

12/4/2007

-

Active

NO

7

U01110MH1987PTC045729

NAMRATA FARMING PRIVATE LIMITED

Director

12/4/2007

12/4/2007

-

Active

NO

8

U51909MH2008PTC182502

IMPACT FLOORS INDIA PRIVATE LIMITED

Director

21/05/2008

21/05/2008

-

Active

NO

9

U45202MH2008PTC183682

MITCHELLS CONSTRUCTION TECHNOLOGIES PRIVATE LIMITED

Director

7/10/2008

7/10/2008

-

Active

NO

 

 

Name :

Mr. Kaushal Kirit Parikh

Designation :

Director

Address :

Mani Bhuvan, 3rd Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra, India.

Date of Birth :

08.04.1976

Qualification :

MBA

Date of Appointment :

28.06.2002

DIN No.;

00902185

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

U26940MH2002PTC136356

NINA CONCRETE SYSTEMS PRIVATE LIMITED

Director

28/06/2002

28/06/2002

-

Active

NO

2

U26940MH2002PTC136355

MEKAUL CONSTRUCTION TECHNOLOGIES PRIVATE LIMITED

Director

28/06/2002

28/06/2002

-

Active

NO

3

U45200MH1995PTC086434

VIJAY PROJECT CONSULTANTS AND LAND DEVELOPERS PRIVATE LIMITED

Director

30/08/2006

30/08/2006

-

Active

NO

4

U51909MH2008PTC182502

IMPACT FLOORS INDIA PRIVATE LIMITED

Director

21/05/2008

21/05/2008

-

Active

NO

5

U45202MH2008PTC183682

MITCHELLS CONSTRUCTION TECHNOLOGIES PRIVATE LIMITED

Director

7/10/2008

7/10/2008

-

Active

NO

6

U52399MH2009PTC196305

TREND SETTER TRADING PRIVATE LIMITED

Director

4/2/2010

4/2/2010

-

Active

NO

7

U24100MH2009PTC193773

PENETRON INDIA PRIVATE LIMITED

Director

21/06/2011

21/06/2011

-

Active

NO

 

 

Name :

Mr. Mehul Kirit Parikh

Designation :

Director

Address ;

Mani Bhuvan, 3rd Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra, India.

Qualification :

BBA

Date of Appointment :

05.10.2009

DIN No.:

01088837

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

U26940MH2002PTC136356

NINA CONCRETE SYSTEMS PRIVATE LIMITED

Director

5/10/2009

5/10/2009

-

Active

NO

2

U52399MH2009PTC196305

TREND SETTER TRADING PRIVATE LIMITED

Director

4/2/2010

4/2/2010

-

Active

NO

3

U24100MH2009PTC193773

PENETRON INDIA PRIVATE LIMITED

Director

21/06/2011

21/06/2011

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2011

 

Names of Shareholders

No. of Shares

Kaushal Kirit Parikh

55000

Hetal Mehul Parikh

55000

Mekuaul Construction Technologies Private Limited, India

166000

Vijay Project Consultants and Land Development Limited, India

156000

Total

432000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2011

 

Category

Percentage

Bodies corporate

74.54

Directors or relatives of Directors

25.46

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Construction solutions.

 

 

GENERAL INFORMATION

 

Customers :

·         TELCO, Pune   

·         Tata Consultancy Services

·         K. Raheja Corp.            

·         Indian Hotels Company Limited

·         Wipro Limited               

·         Mercedes Benz (India) Limited

·         Hotel Leela Venture Limited                   

·         Larsen and Toubro

·         INOX Leisure Limited                 

·         Godrej Properties

·         EIH Limited (Oberoi Hotels)                    

·         Infosys

·         Bajaj Auto Limited                     

·         Kanakia Builders

·         Shapoorji Pallonji and Company Limited              

·         B. E. Billimoria and Company Limited

·         Sarda Group                 

·         B. L. Kashyap and Sons Limited

·         Consolidated Construction Company Limited                   

·         I Gate Solutions

·         Vascon Engineers Limited                     

·         Evershine Builders

·         Lokhandwala Constructions                   

·         Inorbit Malls limited

·         R.N.A. Builders             

·         Mahindra Gesco Developers Limited

·         Mahindra and Mahindra Limited              

·         Runwal Developers

·         Simplex Infrastructures Limited              

·         Biocon Limited

·         New Consolidated Construction Company Limited            

·         Muscovite Construction

·         Air India                       

·         Procters Gamble

·         BARC              

·         Gina Engineering Company

·         Sheth Developers                      

·         India Gypsum Limited

·         E City Entertainment Limited                 

·         Roots Corporation (Ginger Hotels)

·         Aditya Birla Group                     

·         Shanthi Group

·         Astra Zeneca                

·         Altana Pharma

·         Symbiosis                    

·         Brahma Builders

·         Clover Builders              

·         Emgeen Holdings Limited

·         R. Raheja Properties                 

·         anghvi Realty

·         Ceat tyres Limited                     

·         D.Y.Patil Institute

·         L.G.                 

·         USV Limited

·         Pittie Group                  

·         Alstom India Limited

·         Bajaj Hindustan Limited             

·         Raymond Limited

·         TVS Group                   

·         Radha Krishna Food Land

·         Ahluwalia Contracts India Limited                       

·         Asian Hotels Limited

·         Mandhana Industries                 

·         Jindal Limited

·         Toyota Motors

 

 

No. of Employees :

Not Available

 

 

Bankers :

  • Reliance Consumer Finance Private Limited. 570, Rectifier House, Naigaum Cross Road, Next to Royal Industries Estate, Wadala, Mumbai – 400031, Maharashtra, India.
  • ICICI Bank, Churchgate, Mumbai, Maharashtra, India

 

 

Facilities :

 

Secured Loan

 

Rs. In Millions

31.03.2011

Rs. In Millions

31.03.2010

 

 

 

Rupee Term Loans Banks Secured

218.833

141.887

Loans Taken for Vehicles Secured

0.965

1.723

Total

219.798

143.610

 

 

 

Unsecured Loan

 

Rs. In Millions

31.03.2011

Rs. In Millions

31.03.2010

 

 

 

From Other

126.956

114.007

Total

126.956

114.007

 

 

 

 

 

Banking Relations :

--

 

 

Financial Institutions :

3i Infotech Trusteeship Services Limited, 3RD To 6TH Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India

 

 

Auditors :

 

Name :

D. Kothary and Company

Chartered Accountants

Address :

149, Behram Mahal, 2nd Floor, 534, Dhobi Talao, Mumbai-400002, Maharashtra, India

Tel. No.:

91-22-22093344

Fax No.:

91-22-22017174

PAN No.:

AAAFD2013L

 

 

Associates:

  • Mekul Construction Technology Private Limited

Address: 54, Hughues Road, Mani Bhuvan, 4th Floor, Mumbai-400007

      Line of Business : Waterproofing and Painting

 

  • Nina Industries

      Address: 54, Hughes Road, Mani Bhuvan, 4th Floor, Mumbai-400007

      Line of Business : Building Repairing and Waterproofing

 

  • Mekul Industries
  • Impact Floors India Private Limited
  • Pyramid Construction Technologies

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2011

 

Authorised Capital : Rs.10.000 Millions

 

Issued, Subscribed & Paid-up Capital : Rs.7.113 Millions

 

 

AS ON 31.03.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

500000

Equity Shares

Rs.10/- each

Rs.5.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

432000

Equity Shares

Rs.10/- each

Rs.4.320 millions

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

4.320

4.320

4.280

2] Share Application Money

0.055

0.055

1.055

3] Reserves & Surplus

298.189

255.767

218.217

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

302.564

260.142

223.552

LOAN FUNDS

 

 

 

1] Secured Loans

219.798

143.610

81.962

2] Unsecured Loans

126.956

114.007

67.125

TOTAL BORROWING

346.754

257.617

149.087

DEFERRED TAX LIABILITIES

0.660

0.280

0.261

 

 

 

 

TOTAL

649.978

518.039

372.900

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

19.912

18.561

15.319

Capital work-in-progress

196.894

118.243

0.000

 

 

 

 

INVESTMENT

0.870

20.723

10.143

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

205.362
166.055
139.373

 

Sundry Debtors

344.541
296.244
262.953

 

Cash & Bank Balances

6.958
296.366
12.673

 

Other Current Assets

0.000
0.000
0.000

 

Loans & Advances

320.720
8.224
202.153

Total Current Assets

877.581
766.889
617.152

Less : CURRENT LIABILITIES & PROVISIONS

 
 

 

 

Sundry Creditors

247.459
259.867
148.666

 

Other Current Liabilities

115.232
73.518
70.621

 

Provisions

82.588
72.992
50.426

Total Current Liabilities

445.279
406.377
269.713

Net Current Assets

432.302
360.512
347.439

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

649.978

518.039

372.900

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Sale

1000.420

917.953

848.813

 

 

Other Income

16.816

12.773

7.826

 

 

TOTAL                                    

1017.236

930.726

856.639

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

948.523

868.810

841.954

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

106.706

88.598

78.367

 

 

 

 

 

 

FINANCIAL EXPENSES                        

38.007

27.227

18.148

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

68.699

61.370

60.129

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION                    

1.980

2.835

2.014

 

 

 

 

 

 

PROFIT BEFORE TAX

66.719

58.535

58.205

 

 

 

 

 

 

TAX                                                                 

21.779

20.418

20.848

 

 

 

 

 

 

PROFIT AFTER TAX

44.940

38.117

37.357

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

133.796

113.352

76.975

 

 

 

 

 

 

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

4.494

15.146

0.000

 

 

Dividend

2.160

2.160

0.522

 

 

Tax on Dividend

0.359

0.367

0.088

 

 

Short / Excess Provision For Income Tax

0.000

0.000

0.369

 

BALANCE CARRIED TO THE B/S

171.723

133.796

113.352

 

 

 

 

 

 

Earnings Per Share (Rs.)

104.00

89.06

--

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

PAT / Total Income

(%)

4.42

4.10

4.36

 

 

 

 

 

Net Profit Margin

(PBT/Sales)

(%)

6.67

6.38

6.85

 

 

 
 
 

Return on Total Assets

(PBT/Total Assets}

(%)

7.43

7.45

9.43

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.22

0.23

0.26

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

2.62

2.55

1.20

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.97

1.89

2.28

 

 

LOCAL AGENCY FURTHER INFORMATION

 

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

Yes

5) Type of Business

Yes

6) Line of Business•

Yes

7) Promoter’s background

Yes

8) No. of employees

No

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

Yes

17) Major suppliers

No

18) Major customers

Yes

19) Payments terms

No

20) Export / Import details (if applicable)

No

21) Market information

--

22) Litigations that the firm / promoter

--

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

 

Form 8

 

Corporate identity number of the company

U26940MH2002PTC136356

Name of the company

NINA CONCRETE SYSTEMS PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

Mani Bhuvan, 4th Floor, 54, Hughes Road, Chowpatty, Mumbai – 400 007, Maharashtra, India.

E-mail : kaushal.parikh@ninaindia.com

This form is for

Creation of charge

Type of charge

·         Immovable Property

·         Any interest in immovable property

Particular of charge holder

CITI Bank N. A., 8th Floor, Nirlon Knowledge Park, Block No.B-7, Off Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India

E-mail : vlaxman@vsnl.com

Nature of instrument creating charge

Loan Agreement.

Date of instrument Creating the charge

30.01.2012

Amount secured by the charge

Rs.9.999 Millions

Brief of the principal terms an conditions and extent and operation of the charge

Rate of Interest :

Rate of Interest - 12.50% p.a.

 

Terms of Repayment:

The Loan to be repayable in 120 MMR of Rs.0.146 Million starting from 01/02/2012 and ending on 01/01/2022.

 

Margin :

As may be stipulated by the Bank from time to time.

 

Extent and Operation of the charge :

Repayment of loan Rs.9.999 Millions together with interest, fees, costs, charges and expenses and all other amounts payable to the Bank shall be secured by way of first exclusive charge by way of mortgage in favour of the Bank over the property and any other securities as may be acceptable to the Bank.

 

Others

The Borrower shall be liable to furnish additional security, as decided by the Bank, to the Bank in the event of value of the primary security deteriorates substantially or does not adequately cover the loan or any outstanding under the loan.

Short particulars of the property charged

Flat No 3401, 34th Floor, Grandeur, Opposite western Express Highway, Kandivali, Mumbai, Maharashtra, India

 

Fixed Asset:

 

  • Plant and Machinery
  • Furniture and Fixture
  • Motor Cycle
  • Computer
  • Motor car
  • Water pump
  • Office Equipment
  • Xerox Machine
  • Printer
  • Sand Washing Machine
  • Weight Machine
  • Air Conditioner
  • Fax Machine
  • Mobile
  • Tempo
  • Office Asset

 

 


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

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.69

Euro

1

Rs.70.44

 

 

INFORMATION DETAILS

 

Report Prepared by :

NTH

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

4

--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

NO

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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.