\MIRA INFORM REPORT

 

 

Report Date :

02.12.2014

 

IDENTIFICATION DETAILS

 

Name :

KUKSONS ELECTRONICS PRIVATE LIMITED

 

 

Registered Office :

A-24, Popular Koregaon Parkbund Garden, Pune – 411 001, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

25.01.1996

 

 

Com. Reg. No.:

25-096613

 

 

Capital Investment / Paid-up Capital :

Rs.1.000 Million

 

 

CIN No.:

[Company Identification No.]

U72900MH1996PTC096613

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Control Panels.

 

 

No. of Employees :

60 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 76000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Sales and profit margins of the company has increased in 2014. Overall fundamentals of the company is sound and healthy.

 

Trade relations are fair. Business is active. Payment terms are usually correct.

 

The company can be considered for business dealing 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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

N E W S

 

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

 

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

 

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

 

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

 

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

 

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

 

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

 

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

 

 

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. Tarun Kuklani

Designation :

Director

Contact No.:

91-9371000609

Date :

13.11.2014

 

 

LOCATIONS

 

Registered Office :

A-24, Popular Koregaon Parkbund Garden, Pune – 411 001, Maharashtra, India

Tel. No.:

91-20-27123116/9085

Mobile No.:

91-9372733729 (Mr. Ranjit Jadhav)

91-9371000609 (Mr. Tarun Kuklani)

Fax No.:

91-20-30623116

E-Mail :

accounts@kuksons.com

Website :

www.kuksons.com

Location :

Owned

 

 

Factory :

Unit 14, Electronic Sadan, III, MIDC, Bhosari, Pune – 411 001, Maharashtra, India

Tel. No.:

91-20-30546105

Fax No.:

91-20-30623116/ 26059265

 

kuksons@ricmail.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Rajesh Radhakishan Kuklani

Designation :

Director

Address :

A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India

Date of Birth/Age :

07.03.1972

Date of Appointment :

25.01.1996

DIN No.:

01915164

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

U72900MH1996PTC096613

KUKSONS ELECTRONICS PRIVATE LIMITED

Director

25/01/1996

25/01/1996

-

Active

NO

2

U32204PN2004PTC019725

KUKSONS TELESYS PRIVATE LIMITED

Director

10/09/2004

10/09/2004

-

Active

NO

 

 

Name :

Mrs. Koushalaya Radhakishan Kuklani

Designation :

Director

Address :

A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India

Date of Birth/Age :

18.05.1947

Date of Appointment :

25.01.1996

DIN No.:

01918549

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

U72900MH1996PTC096613

KUKSONS ELECTRONICS PRIVATE LIMITED

Director

25/01/1996

25/01/1996

-

Active

NO

2

U32204PN2004PTC019725

KUKSONS TELESYS PRIVATE LIMITED

Director

10/09/2004

10/09/2004

-

Active

NO

 

 

Name :

Mr. Mahesh Radhakishan Kuklani

Designation :

Director

Address :

A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India

Date of Birth/Age :

28.11.1974

Date of Appointment :

25.01.1996

DIN No.:

01955819

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

U72900MH1996PTC096613

KUKSONS ELECTRONICS PRIVATE LIMITED

Director

25/01/1996

25/01/1996

-

Active

NO

2

U32204PN2004PTC019725

KUKSONS TELESYS PRIVATE LIMITED

Director

10/09/2004

10/09/2004

-

Active

NO

 

 

Name :

Mr. Tarun Radhakishan Kuklani

Designation :

Director

Address :

A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India

Date of Birth/Age :

20.11.1970

Date of Appointment :

25.01.1996

DIN No.:

01958430

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

U72900MH1996PTC096613

KUKSONS ELECTRONICS PRIVATE LIMITED

Director

25/01/1996

25/01/1996

-

Active

NO

2

U32204PN2004PTC019725

KUKSONS TELESYS PRIVATE LIMITED

Director

10/09/2004

10/09/2004

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ranjit Jadhav

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

 

No. of Shares

Koushalaya R. Kuklani

 

24500

Tarun R. Kuklani

 

100

Rajesh R. Kuklani

 

100

Mahesh R. Kuklani

 

100

Koushalaya R. Kuklani Jtly with Radhakishan W. Kuklani

 

26600

Tarun R. Kuklani Jtly with Koushalaya R. Kuklani

 

14900

Rajesh R. Kuklani Jtly with Koushalaya R. Kuklani

 

16700

Mahesh R. Kuklani Jtly with Koushalaya R. Kuklani

 

14900

Sangeeta R. Kuklani Jtly with Koushalaya R. Kuklani

 

2000

Bhavana R. Kuklani Jtly with Koushalaya R. Kuklani

 

100

 

 

 

Total

 

100000

 

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Control Panels.

 

 

Products :

·         Control Panel

·         PLC Modules

·         PLCs

·         Parts of Control Panel

·         MCC Panel

·         VFD Panel

·         ICP Panel

·         AMF Panel

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Not Divulged

Countries :

Not Divulged

 

 

Imports :

 

Products :

Not Divulged

Countries :

Not Divulged

 

 

Terms :

 

Selling :

L/C, Credit

 

 

Purchasing :

L/C, Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

 

 

Customers :

Not Divulged

 

 

No. of Employees :

60 (Approximately)

 

 

Bankers :

Banker Name

Bank of India

Branch Address

285/C, Ladkat Plaza, Ghat Road, Koregaon Park, Pune, 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

 

Banker Name

State Bank of India

Branch Address

Aundh Branch, Pune – 411007, 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 :

(Rs. In Millions)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Term Loan – From Bank

 

 

Car Loan for 039

0.107

0.166

Term Loan (Bhosari) - 00001

1.538

2.020

 

 

 

Short Term Borrowing

 

 

Loans Repayable on Demand

 

 

From Banks - Bank OD Account

2.743

18.588

Total

4.388

20.774

 

 

 

Banking Relations :

---

 

 

Auditors :

 

Name :

Anil S Agarwal and Company

Chartered Accountants

Address :

12/13, Vishal Residency, Opposite B. U. Bhandari Petrol Pump, Kasarwadi, Pune – 411 034, Maharashtra, India

Tel. No.:

91-20-27126974

E-Mail :

info@asac.in

PAN No.:

ADOPA5871A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associated Enterprise  :

Kuksons Telesys Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000

Equity Shares

Rs. 10/- each

Rs.2.500 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs. 10/- each

Rs.1.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

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

1.000

1.000

1.000

(b) Reserves & Surplus

25.819

21.416

18.096

(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)

26.819

22.416

19.096

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

5.892

4.368

4.802

(b) Deferred tax liabilities (Net)

1.121

1.063

0.987

(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)

7.013

5.431

5.789

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

27.762

34.629

11.463

(b) Trade payables

55.268

37.676

30.839

(c) Other current liabilities

6.282

6.442

7.718

(d) Short-term provisions

0.346

0.518

0.549

Total Current Liabilities (4)

89.658

79.265

50.569

 

 

 

 

TOTAL

123.490

107.112

75.454

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

9.898

10.461

10.788

(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

2.094

2.094

1.673

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

12.041

9.335

7.950

(e) Other Non-current assets

2.248

0.000

0.000

Total Non-Current Assets

26.281

21.890

20.411

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

57.455

44.438

28.123

(c) Trade receivables

39.245

31.284

24.502

(d) Cash and cash equivalents

0.230

7.064

0.019

(e) Short-term loans and advances

0.203

0.123

0.209

(f) Other current assets

0.076

2.313

2.190

Total Current Assets

97.209

85.222

55.043

 

 

 

 

TOTAL

123.490

107.112

75.454

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

197.251

135.936

149.268

 

 

Other Income

0.905

0.776

103.612

 

 

TOTAL                                    

198.156

136.712

252.880

 

 

 

 

 

Less

EXPENSES

191.603

131.894

144.289

 

 

 

 

 

 

PROFIT BEFORE TAX

6.553

4.818

6.016

 

 

 

 

 

Less

TAX                                                                 

1.958

1.476

1.799

 

 

 

 

 

 

PROFIT AFTER TAX

4.595

3.342

4.217

 

 

 

 

 

 

Earnings Per Share (Rs.)

4.59

3.34

4.21

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

PAT / Sales

(%)

2.33

2.46

2.83

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

3.32

3.54

72.75

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

5.40

4.59

8.15

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.24

0.21

0.32

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.25

1.74

0.85

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.08

1.08

1.09

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

1.000

1.000

1.000

Reserves & Surplus

18.096

21.416

25.819

Net worth

19.096

22.416

26.819

 

 

 

 

long-term borrowings

4.802

4.368

5.892

Short term borrowings

11.463

34.629

27.762

Total borrowings

16.265

38.997

33.654

Debt/Equity ratio

0.852

1.740

1.255

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

149.268

135.936

197.251

 

 

(8.932)

45.106

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

149.268

135.936

197.251

Profit

4.217

3.342

4.595

 

2.83%

2.46%

2.33%

 

 

 

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 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

No

19]

Payments terms

Yes

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

 

 

UNSECURED LOAN

(Rs. In Millions)

Particular

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Kuklani – Kaushalya

0.544

0.574

Kuklani – Mahesh

0.026

0.026

Kuklani – Rajesh

1.950

0.800

Kuklanib - TRK

1.727

0.782

 

 

 

Short Term Borrowing

 

 

Standard Chartered Bank

25.019

16.041

Total

29.266

18.223

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10230337

12/06/2010

300,000.00

Bank of India

285/C, Ladkat Plaza, Ghat Road, Koregaon Park,, P 
une, Maharashtra - 411001, INDIA

A90138330

2

10080920

07/11/2007

200,000.00

BANK OF INDIA

KOREGAON PARK BRANCH, PUNE, Maharashtra - 411001, 
INDIA

A29140365

3

10103080

27/09/2007

200,000.00

BANK OF INDIA

KOREGAON PARK BRANCH, PUNE, Maharashtra - 411001, 
INDIA

A38446670

4

10007072

04/08/2012 *

28,725,000.00

Bank of India Koregaon Park Branch

285/C Ladkat Plaza,Ghat Road,, Koregaon Park, Pun 
e, Maharashtra - 411021, INDIA

B56485303

5

90082879

09/06/2006 *

2,500,000.00

BANK OF INDIA

KOREGAON PARK BRANCH, PUNE, Maharashtra - 411001, 
INDIA

-

6

90084546

24/09/2003 *

155,000.00

BANK OF INDIA

KOREGOAN PARK BRANCH, PUNE, Maharashtra - 411001, 
INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

·         Building Unit

·         Electrification Unit

·         Furniture and Fixture

·         Office Premises

·         Computer

·         EPBX System

·         Fax Machine

·         Machinery

·         Mobile Handsets

·         Other Office Equipments

·          Refrigerator

·         Software

·         Typewriter

·         Vehicles

 

 

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.61.97

UK Pound

1

Rs.97.36

Euro

1

Rs.77.16

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Report Prepared by :

SPR

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--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

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

 

46

 

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.