MIRA INFORM REPORT

 

 

Report Date :

18.06.2014

 

IDENTIFICATION DETAILS

 

Name :

DOLAR GOLD BELTS AND FANS PRIVATE LIMITED (w.e.f. 24.07.2002)

 

 

Formerly Known As :

DOLAR FANS INDUSTRIES PRIVATE LIMITED

 

 

Registered Office :

3rd Floor, 10, Sadhan Hari Mukherjee Road, Kolkata-700034, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

11.03.1988

 

 

Com. Reg. No.:

21-043949

 

 

Capital Investment / Paid-up Capital :

Rs. 1.813 Millions

 

 

CIN No.:

[Company Identification No.]

U29303WB1988PTC043949

 

 

IEC No.:

0295025123

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALD00662E

 

 

PAN No.:

[Permanent Account No.]

AABCD1212F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Supplier of Cotton Belts, Industrial Belts, Industrial Cotton Belts, Nylon Belts and Conveyor Belts, Pollution Control Equipments, Pollution Control Systems, etc.

 

 

No. of Employees :

65 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

                                                                                                                         

Maximum Credit Limit :

USD 128000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

General financial position of the company seems to be sound. Profitability of the company is fair.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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

 

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

 

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

 

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

 

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

 

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

 

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

 

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

 

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

 

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

 

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

 

 

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 PARTED BY

 

Name :

Mr. Ashish

Designation :

Personal Assistant

Contact No.:

91-9433046489

Date :

14.06.2014

 

 

LOCATIONS

 

Registered / Corporate Office :

3rd Floor, 10, Sadhan Hari Mukherjee Road, Kolkata-700034, West Bengal, India.

Tel. No.:

91-33-24681064 / 24581532 / 30978579

Mobile No.:

91-9433046489 (Mr. Ashish)

Fax No.:

91-33-24581532 / 24682612

E-Mail :

dolargold@gmail.com

sandip39@vsnl.net

Website :

http://www.dolargold.net

http://www.dolarindustrialbelts.com

Area :

450 sq. ft.

Location :

Owned

 

 

Factory 1 :

Pandit Sadguru, Sri Ram Pur, Hoogli, West Bengal, India

Area :

32000 sq ft

Location :

Owned

 

 

Factory 2 :

Off. THakur South 24, Parjanah District, West Bengal, India

Area :

48000 sq ft

Location :

Owned

 

 

DIRECTORS

 

AS ON : 30.09.2013

 

Name :

Mr. Attpurath Nambithan Viduran

Designation :

Managing Director

Address :

140 Jay Krishnan Paul Road, Behala, Kolkata – 700 038, West Bengal, India

Date of Birth/Age :

13.05.1945

Qualification :

M. Com, LLB

Date of Appointment :

11.03.1988

DIN No :

00025796

 

 

Name :

Mrs. Geeta Viduran

Designation :

Whole Time Director

Address :

140 Jay Krishnan Paul Road, Behala, Kolkata – 700 038, West Bengal, India

Date of Birth/Age :

26.12.1956

Qualification :

B. Com / BA

Date of Appointment :

11.03.1988

DIN No :

00025846

 

 

Name :

Mr. Vivek Viduran

Designation :

Additional director

Address :

New Little Apartment, Flat 5, 140, Joy Krishna Pal Road, Kolkata, west Bengal, India

Date of Appointment :

08.12.2011

DIN No.:

02610967

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

U51909WB2009PLC135102

SKYLINE COMMODEAL LIMITED

Director

19/08/2011

26/04/2010

-

Active

NO

2

U15139WB2010PLC154857

SKYLINE CONSUMABLE PRODUCTS LIMITED

Director

22/11/2010

22/11/2010

12/02/2013

Active

NO

3

U74900WB2011PLC157968

SKYLINE GOLD LIMITED

Director

25/01/2011

25/01/2011

12/02/2013

Active

NO

4

U15490WB2011PLC158038

SKYLINE FORTUNE INTERNATIONAL LIMITED

Director

27/01/2011

27/01/2011

12/02/2013

Active

NO

5

U18109WB2011PLC160745

SKYLINE FASHIONS LIMITED

Director

15/03/2011

15/03/2011

12/02/2013

Active

NO

6

U29303WB1988PTC043949

DOLAR GOLD BELTS & FANS PRIVATE LIMITED

Additional director

08/12/2011

08/12/2011

-

Active

NO

7

U40108RJ2012PLC037551

SKYLINE ENERGY PROJECTS LIMITED

Director

09/01/2012

09/01/2012

25/04/2013

Active

NO

8

U45400WB2012PLC184380

SKYLINE FORTUNE INFRACON LIMITED

Director

03/08/2012

03/08/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ashish

Designation :

Personal Assistant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON : 30.09.2013

 

Names of Shareholders

No. of Shares

Vinit Viduran

830

Chatterjee Subodh

50

Unnikrishnan N A

880

Iyer Rajagopal

50

Mukherjee Kishore Sandip

470

Viduran Nambiath Attpurath

10823

Viduran Geeta

4275

Viduran Vivek

755

 

 

Total

18133

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON : 30.09.2013

 

Category

Percentage

Directors or relatives of Directors

92.28

Other top fifty shareholders

7.72

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Supplier of Cotton Belts, Industrial Belts, Industrial Cotton Belts, Nylon Belts and Conveyor Belts, Pollution Control Equipments, Pollution Control Systems, etc.

 

 

Products :

PRODUCT DESCRIPTION

 

ITEM CODE

Industrial Beltings

42040004

Canvas Cloths

52092123

 

 

Exports :

 

Products :

·   Cotton Belts

·   Industrial Terms

Countries :

·   UAE

·   Middle East

 

 

Terms :

 

Selling :

Cash and Credit (30 days to 60 days)

 

 

Purchasing :

Cash and Credit (30 days to 60 days)

 

 

GENERAL INFORMATION

 

Supplier :

Ganeriwala and Sons

 

 

Customer :

Wholesalers and Retailers

 

Ambuja Cement Limited

 

 

No. of Employees :

65 (Approximately)

 

 

Bankers :

The Federal Bank Limited, Behala Branch, 514 Diamonds Harbour Road, Kolkata-700034, West Bengal, India .

 

 

Facilities :

 

SECURED LOANS

 

31.03.2013

(Rs in Millions)

31.03.2012

(Rs in Millions)

LONG TERM BORROWINGS

 

 

Other Loans and Advances

 

 

Loans from Life Insurance Corporation

1.227

0.729

Loans from finance Cos

2.285

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Cash Credit Secured from the FBL

5.760

0.000

Total

9.272

0.729

 

 

 

Banking Relations :

--

 

 

Financial Institution :

  • Tata Capital Finance Services Limited
  • Bajaj Finance Limited

 

 

Auditors :

 

Name :

T.K. Mazumdar and Associates

Chartered Accountants

Address :

121, Jodhpur Park, Flat D/3, 3rd Floor, Kolkata – 700068, West Bengal, India

Tel. No.:

91-33-24733997

PAN No.:

AABCD1212F

 

 

Sister Concern :

Dolar U4 Rubber Inc

 

 

CAPITAL STRUCTURE

 

AS ON : 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

20000

Equity Shares

Rs. 100/- each

Rs. 2.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

18133

Equity Shares

Rs. 100/- each

Rs. 1.813 Millions

 

 

 

 

 


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

1.813

1.813

1.813

(b) Reserves & Surplus

30.014

27.237

21.650

(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)

31.827

29.050

23.463

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3.512

0.729

0.805

(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)

3.512

0.729

0.805

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

6.360

0.009

5.578

(b) Trade payables

1.487

2.128

0.578

(c) Other current liabilities

2.093

3.322

2.411

(d) Short-term provisions

1.380

2.827

0.507

Total Current Liabilities (4)

11.320

8.286

9.074

 

 

 

 

TOTAL

46.659

38.065

33.342

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

17.600

17.561

16.256

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

1.150

1.440

(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

0.223

0.340

1.053

(e) Other Non-current assets

0.420

0.420

0.400

Total Non-Current Assets

18.243

19.471

19.149

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

9.091

4.560

5.226

(c) Trade receivables

8.365

7.510

8.175

(d) Cash and cash equivalents

1.017

3.839

0.527

(e) Short-term loans and advances

9.875

2.467

0.146

(f) Other current assets

0.068

0.218

0.019

Total Current Assets

28.416

18.594

14.093

 

 

 

 

TOTAL

46.659

38.065

33.242

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from operation

117.170

63.015

47.721

 

 

Other Income

2.733

1.971

0.680

 

 

TOTAL                                     (A)

119.903

64.986

48.401

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

31.301

37.861

28.645

 

 

Purchase of Stock in Trade

67.179

2.194

1.518

 

 

Changes in Inventories of Finished Goods

(1.154)

(0.571)

(0.600)

 

 

Employees Benefits Expenses

8.462

8.507

7.029

 

 

Other expenses

7.580

6.915

5.366

 

 

TOTAL                                     (B)

113.368

54.906

41.958

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

6.535

10.080

6.443

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.993

0.311

0.623

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

5.542

9.769

5.820

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.076

1.011

0.766

 

 

 

 

 

 

PROFIT BEFORE TAX    (E-F)                            (G)

4.466

8.758

5.054

 

 

 

 

 

Less

TAX                                                                  (H)

1.380

2.827

1.628

 

 

 

 

 

 

PROFIT AFTER TAX     (G-H)                             (I)

3.086

5.931

3.426

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of Exports Sales

1.187

0.823

0.975

 

TOTAL EARNINGS

1.187

0.823

0.975

 

 

 

 

 

 

Earnings Per Share (Rs.)

170.19

327.08

NA

 

 

 

Particulars

 

 

31.03.2014

Sales Turnover (Approximately)

 

170.000

 

 

The above information has been parted by Mr. Ashish.

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

PAT / Total Income

(%)

2.57

9.13

7.05

 

 

 
 

 

Net Profit Margin

(PBT/Sales)

(%)

3.81

13.89

 

10.59

 

 

 
 

 

Return on Total Assets

(PBT/Total Assets}

(%)

9.57

23.72

 

15.89

 

 

 
 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.14

0.30

 

0.22

 

 

 
 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.31

0.03

 

0.27

 

 

 
 

 

Current Ratio

(Current Asset/Current Liability)

 

2.51

2.24

 

1.55

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

1.813

1.813

1.813

Reserves & Surplus

21.65

27.237

30.014

Net worth

23.463

29.050

31.827

 

 

 

 

long-term borrowings

0.805

0.729

3.512

Short term borrowings

5.578

0.009

6.360

Total borrowings

6.383

0.738

9.872

Debt/Equity ratio

0.272

0.025

0.310

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Revenue from operation

47.721

63.015

117.170

 

 

32.049

85.940

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Revenue from operation

47.721

63.015

117.170

Profit After Tax

3.426

5.931

3.086

 

7.18%

9.41%

2.63%

 

 

 

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

Yes

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

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

 

VIEW INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10204719

16/12/2010 *

4,500,000.00

THE FEDERAL BANK LIMITED

BEHALA BRANCH, 514, DIAMOND HARBOUR ROAD, KOLKATA - 700034, WEST BENGAL, INDIA

B03491289

2

80025823

09/01/2014 *

15,000,000.00

THE FEDERAL BANK LTD

BEHALA BRANCH, 514, DIAMOND HARBOUR ROAD, KOLKATA - 700034, WEST BENGAL, INDIA

B95552139

 

* Date of charge modification

 

UNSECURED LOANS

 

PARTICULRAS

31.03.2013

(Rs in Millions)

31.03.2012

(Rs in Millions)

SHORT TERM BORROWINGS

 

 

 

 

 

The NSIC Limited

0.000

0.009

Loans from the managing director 

0.600

0.000

 

 

Total

0.600

0.009

 

 

NOTE:

 

The registered office of the company has been shifted from to 4, Satyen Roy Road, Behala, Kolkata-700034, West Bengal, India the present address w.e.f. 25.05.2010.

 

 

FIXED ASSETS

 


 

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.60.37

UK Pound

1

Rs. 102.48

Euro

1

Rs.81.87

 

 

INFORMATION DETAILS

 

Information Gathered by :

PDT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

SNT

 


 

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

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

42

 

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.