MIRA INFORM REPORT

 

 

Report Date :

20.11.2013

 

IDENTIFICATION DETAILS

 

Name :

ALLANA INTERNATIONAL LIMITED

 

 

Registered Office :

Allana House, 4 J A, Allana Marg,  Colaba, Mumbai – 400001, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

20.05.1994

 

 

Com. Reg. No.:

11-078521

 

 

Capital Investment / Paid-up Capital :

Rs. 0.500 Million

 

 

CIN No.:

[Company Identification No.]

U15100MH1994PLC078521

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

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 :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The company has a very weak financial profile during 2013.

 

Mr. A. Khan confirmed that the company has no started its business activity and has no such plans to even start the commercial activity on a future date. Further, the company generates a minimal income from the interest earned through its various investments. Payment terms are reported as uknown.

 

The company can be considered for busiesss dealings on a safe and secured 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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

 

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

 

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

 

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1st November.

 

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

 

 

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.

 

 

INFORMATION DECLINED BY

 

Name :

Mr. A. Khan

Designation :

Manager Secretary

Contact No.:

91-22-22811000

Date :

30.10.2013

 

 

LOCATIONS

 

Registered Office :

Allana House, 4 J A, Allana Marg,  Colaba, Mumbai – 400001, Maharashtra, India

Tel. No. :

91-22-22811000/ 22874455

Fax No. :

91-22-22797742/ 22044821

E-Mail :

ankhan@allana.com

allana@vsnl.com

Website :

www.allana.com

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Soeb Nooruddin Bhatri

Designation :

Director

Address :

27E, Mazagaon Terrace, Nesbit Road, Mazagao, Mumbai – 400010, Maharashtra, India

Date of Birth/Age :

09.12.1951

Date of Appointment :

20.03.2003

DIN No. :

00152305

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

L74999MH1929PLC001503

IVP LIMITED

Director

29/01/2001

29/01/2001

15/07/2009

Active

NO

2

U24220MH1944PLC004157

MERCURY PAINTS AND VARNISHES LIMITED

Director

21/06/2002

21/06/2002

-

Active

NO

3

U15100MH1980PTC022602

ALLANA FELDA INDIA PRIVATE LIMITED

Director

08/07/2002

08/07/2002

-

Active

NO

4

U63023MH1984PTC031916

KALWA COLD STORAGE PRIVATE LIMITED

Director

05/02/2003

05/02/2003

-

Active

NO

5

U15100MH1994PLC078521

ALLANA INTERNATIONAL LIMITED

Director

20/03/2003

20/03/2003

-

Active

NO

6

U65990MH1983PTC030714

STHANAV HOLDINGS PRIVATE LIMITED

Director

20/03/2003

20/03/2003

-

Amalgamated

NO

7

U24120MH1985PTC036812

HORNBELL CHEMICALS AND PLASTICS PRIVATE LIMITED

Director

18/11/2003

18/11/2003

-

Active

NO

8

U63010MH1980PTC023083

PHOENICIA TRAVEL AND TRANSPORT PRIVATE LIMITED

Director

18/11/2003

18/11/2003

-

Active

NO

9

U51900MH1980PTC022955

ALLANA IMPORTS AND EXPORTS PRIVATE LIMITED

Director

18/11/2003

18/11/2003

-

Active

NO

10

U63020MH1973PLC016807

ALLANA COLD STORAGE LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

11

U01220MH1986PLC040835

FRIGORIFICO ALLANA LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

12

U05000MH1992PTC069099

ZAM ZAM FISHERIES PRIVATE LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

13

U15130MH1994PTC078317

TIFFANY PROCESSED FOODS PRIVATE LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

14

U65990MH1984PTC032299

SAAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED

Director

31/07/2004

31/07/2004

-

Amalgamated

NO

15

U65923MH1979PLC021050

ALLANA INVESTMENTS AND TRADING COMPANY LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

16

U01110MH1979PLC021488

ALLANA FROZEN FOODS LIMITED

Director

31/07/2004

31/07/2004

-

Active

NO

17

U67120MH1984PTC032562

AGRICOM INVESTMENTS AND TRADING PRIVATE LIMITED

Director

31/03/2005

31/03/2005

-

Amalgamated

NO

18

U65990MH1984PLC032824

ALLANA PHARMACHEM LIMITED

Additional director

09/10/2007

09/10/2007

-

Active

NO

19

U15140MH2005PTC154419

ALLANA ENTERPRISES PRIVATE LIMITED

Director

03/06/2008

03/06/2008

-

Active

NO

20

U15130MH1980PLC023304

ALLANA OIL MILLS LIMITED

Additional director

29/07/2010

29/07/2010

-

Active

NO

 

 

Name :

Afzal Latif Ali Mohammed Latif

Designation :

Director

Address :

198, Kambekar Street, Zulekha Mansion, 5th Floor, Mumbai – 40003, Maharashtra, India

Date of Birth/Age :

02.07.1970

Date of Appointment :

26.01.2001

DIN No. :

00215907

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

U05000MH1992PTC069099

ZAM ZAM FISHERIES PRIVATE LIMITED

Director

03/04/1995

03/04/1995

Active

NO

2

U74999MH1980PLC022620

DELMON FOODS LIMITED

Director

28/04/1995

28/04/1995

Active

NO

3

U45400MH1983PTC030766

BURJ CONSTRUCTION PRIVATE LIMITED

Director

21/03/1997

21/03/1997

Active

NO

4

U15100MH1994PLC078521

ALLANA INTERNATIONAL LIMITED

Director

26/01/2001

26/01/2001

Active

NO

5

U15100MH1994PLC078520

ALLANA INDUSTRIES LIMITED

Director

26/01/2001

26/01/2001

Active

NO

6

U01100MH1992PLC069978

ALLANA COFFEE LIMITED

Director

14/02/2001

14/02/2001

Active

NO

7

U15130MH1994PTC078319

HILAL FOODS PRIVATE LIMITED

Director

03/03/2007

03/03/2007

Active

NO

8

U91110MH1990GAP059450

ALLANA FOUNDATION

Additional director

08/08/2007

08/08/2007

Active

NO

 

 

Name :

Irfan Abdl Razzak Allana

Designation :

Director

Address :

P.O. Box 2595, Dubai, UAE

Date of Birth/Age :

29.03.1959

Date of Appointment :

20.05.1994

DIN No. :

00502791

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

U15100MH1980PTC022602

ALLANA FELDA INDIA PRIVATE LIMITED

Director

16/05/1989

16/05/1989

-

Active

NO

2

U91110MH1990GAP059450

ALLANA FOUNDATION

Director

17/12/1990

17/12/1990

-

Active

NO

3

U24120MH1985PTC036812

HORNBELL CHEMICALS AND PLASTICS PRIVATE LIMITED

Director

20/09/1991

20/09/1991

-

Active

NO

4

U63010MH1980PTC023083

PHOENICIA TRAVEL AND TRANSPORT PRIVATE LIMITED

Director

20/09/1991

20/09/1991

-

Active

NO

5

U63023MH1984PTC031916

KALWA COLD STORAGE PRIVATE LIMITED

Director

20/09/1991

20/09/1991

-

Active

NO

6

U51900MH1980PTC022955

ALLANA IMPORTS AND EXPORTS PRIVATE LIMITED

Director

20/09/1991

20/09/1991

-

Active

NO

7

U15100MH1994PLC078521

ALLANA INTERNATIONAL LIMITED

Director

20/05/1994

20/05/1994

-

Active

NO

8

U15100MH1994PLC078520

ALLANA INDUSTRIES LIMITED

Director

20/05/1994

20/05/1994

-

Active

NO

9

U74999MH1980PLC022620

DELMON FOODS LIMITED

Director

03/04/1995

03/04/1995

-

Active

NO

10

U65990MH1980PTC022462

ALLANA BROS PRIVATE LIMITED

Director

03/04/1995

03/04/1995

-

Active

NO

11

U67120MH1984PTC032564

UNIAGRO INVESTMENTS & TRADING PRIVATE LIMITED

Director

26/04/1995

26/04/1995

-

Amalgamated

NO

12

U65990MH1980PLC022448

ALLANA HOLDINGS LIMITED

Director

06/12/1995

06/12/1995

-

Active

NO

13

U01100MH1992PLC069978

ALLANA COFFEE LIMITED

Director

01/04/1997

01/04/1997

-

Active

NO

14

U51900MH1977PLC019552

ALLANA EXPORTS LIMITED

Director

23/02/1999

23/02/1999

-

Active

NO

15

U15200MH1992PTC068173

GENAGRO FOODS (INDIA) PRIVATE LIMITED

Director

28/12/1999

28/12/1999

-

Active

NO

16

U65990MH1984PTC032301

ALIA INVESTMENT AND TRADING COMPANY PRIVATE LIMITED

Director

12/02/2001

12/02/2001

-

Amalgamated

NO

17

U67120MH1984PTC032562

AGRICOM INVESTMENTS AND TRADING PRIVATE LIMITED

Director

14/02/2001

14/02/2001

-

Amalgamated

NO

18

U65990MH1980PTC023039

PHOENICIA INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED

Director

14/02/2001

14/02/2001

-

Amalgamated

NO

19

U91990MH1991GAP059748

WORLD MEMON FOUNDATION (INDIA)

Director

07/03/2001

07/03/2001

-

Active

NO

20

U51990MH1973PLC016285

ALLANASONS LIMITED

Director appointed in casual vacancy

24/10/2001

24/10/2001

09/05/2011

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. A. Khan

Designation :

Manager Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

 

Irfan A.R. Allana

 

117

Feroz A.R. Allana

 

117

Shiraz A.R. Allana

 

116

Kalwa Cold Storage Private Limited, India

 

12400

Allana Imports and Exports Private Limited, India

 

12400

Phoenicia Travel and Transport Private Limited, India

 

12450

Hornbell Chemicals and Plastics Private Limited, India

 

12400

Total

 

50000

 

 

As on 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

99.30

Directors or relatives of Directors

0.70

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Not Divulged

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Horace Rodrigues

Chartered Accountants

Address :

302, Beth Shalom Apts. Opposite Civil Hospitals Pednekar Marg, Thane (West), Thane – 400601, Maharashtra, India

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

AAOPR9059E

 

 

CAPITAL STRUCTURE

 

As on 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs.10/- each

Rs. 10.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50,000

Equity Shares

Rs.10/- each

Rs. 0.500 Million

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.500

0.500

0.500

(b) Reserves & Surplus

0.032

0.033

0.016

(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)

0.532

0.533

0.516

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.001

0.001

0.001

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

0.001

0.001

0.001

 

 

 

 

TOTAL

0.533

0.534

0.517

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.000

0.000

0.000

(ii) Intangible Assets

0.000

0.000

0.000

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

0.000

0.000

0.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

0.532

0.533

0.497

(e) Short-term loans and advances

0.001

0.001

0.001

(f) Other current assets

0.000

0.000

0.019

Total Current Assets

0.533

0.534

0.517

 

 

 

 

TOTAL

0.533

0.534

0.517

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

0.000

0.026

0.021

 

 

Other Income

0.000

0.000

0.000

 

 

TOTAL                                    

0.000

0.026

0.021

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Other Expenses

0.002

0.001

0.003

 

 

TOTAL                                    

0.002

0.001

0.003

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

(0.002)

0.025

0.018

 

 

 

 

 

Less

TAX                                                                 

(0.001)

0.008

0.005

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(0.001)

0.017

0.013

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(0.03)

0.34

0.25

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

PAT / Total Income

(%)

0.00

65.38

61.90

 

 

 

 

 

Net Profit Margin

(PBT/Sales)

(%)

0.00

96.15

85.71

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(0.38)

4.68

3.48

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.00

0.05

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

533.00

534.00

517.00

 

 

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

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

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

No

24]

Banking facility details

No

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

No

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: NO CHARGES EXIST FOR COMPANY

 

 

 


 

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.62.23

UK Pound

1

Rs.100.18

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Information Gathered by :

PDT

 

 

Report Prepared by :

MRI

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

1

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILIRY

1~10

1

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--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

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

 

11

 

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.