MIRA INFORM REPORT

 

 

Report No. :

315704

Report Date :

04.04.2015

 

IDENTIFICATION DETAILS

 

Name :

BADAWE ENGINEERS PRIVATE LIMITED [w.e.f.04.01.1989]

 

 

Formerly Known As :

BADAWE CONSULTANTS PRIVATE LIMITED

 

 

Registered Office :

Gat No. 59, Plot No. 3, Mouje Khedebare, Pune Satara Road, Taluka Bhor, District Pune – 412205, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

28.07.1984

 

 

Com. Reg. No.:

11-033594

 

 

Capital Investment / Paid-up Capital :

Rs. 9.058 Million

 

 

CIN No.:

[Company Identification No.]

U73100MH1984PTC033594

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEB00665A

 

 

PAN No.:

[Permanent Account No.]

AAACB7589E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Importer of High Accuracy Multiaxis position Control System, Integrated Control Systems Components, Patch and Dish Antenna, Electronics Controllers.

 

 

No. of Employees :

10 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Maximum Credit Limit :

USD 158000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The turnover of the company has declined which has resulted into a loss during FY2014.

 

However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.

 

NOTES :

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mrs. Pratima Deshpande

Designation :

Accounts Manager

Contact No.:

91-20-25461051

Date :

01.04.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Gat No. 59, Plot No. 3, Mouje Khedebare, Pune Satara Road, Taluka Bhor, District Pune – 412205, Maharashtra, India

Tel. No.:

91-20-25461051

Fax No.:

Not Available

E-Mail :

svb@badawegroup.com

Area :

3750 Sq. Mt.

Location :

Owned

 

 

Marketing Office :

26, Amar Society, Gulmohar Path, Off Law College Road, Erandwane, Pune – 411004, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Vishwakumar Vishwanath Badawe

Designation :

Managing director

Address :

'Adwait', 72/24, Erandawane, Gulmohar Path, Off Law College Road, Pune - 411004, Maharashtra, India

Date of Birth/Age :

22.05.1936

Date of Appointment :

28.09.1984

DIN No.:

00213345

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

U74210MH1978PTC020247

V V ARCHITECTS PRIVATE LIMITED

Managing director

29-03-1978

29-03-1978

Active

NO

2

U73100MH1984PTC033594

BADAWE ENGINEERS PRIVATE LIMITED

Managing director

28-09-1984

28-09-1984

Active

NO

3

U29299PN2001PTC016482

KUSABA ENGINEERS PRIVATE LIMITED

Director

20-03-2010

08-10-2001

Active

NO

4

U74999PN2011PTC141324

BADAWE CONSULTANTS (R & D) PRIVATE LIMITED

Director

11-11-2011

11-11-2011

Active

NO

 

 

Name :

Mr. Satyajit Vishwakumar Badawe

Designation :

Whole-time director

Address :

'Adwait', 72/24, Erandawane, Gulmohar Path, Off Law College Road, Pune - 411004, Maharashtra, India

Date of Birth/Age :

12.11.1967

Date of Appointment :

05.03.1998

DIN No.:

00213469

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

U73100MH1984PTC033594

BADAWE ENGINEERS PRIVATE LIMITED

Whole-time director

05-03-1998

05-03-1998

Active

NO

2

U74210MH1978PTC020247

V V ARCHITECTS PRIVATE LIMITED

Director

05-07-1998

05-07-1998

Active

NO

3

U29299PN2001PTC016482

KUSABA ENGINEERS PRIVATE LIMITED

Managing director

20-03-2010

08-10-2001

Active

NO

4

U74999PN2011PTC141324

BADAWE CONSULTANTS (R & D) PRIVATE LIMITED

Director

11-11-2011

11-11-2011

Active

NO

 

 

Name :

Mr. Vishweshwar Vishwanath Badawe

Designation :

Whole-time director

Address :

13, Pradnya, Plot No. 16, Alkapuri Housing Society, Paud Road, Kothrud, Pune - 411029, Maharashtra, India

Date of Birth/Age :

30.04.1947

Date of Appointment :

01.02.1986

DIN No.:

00214732

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

U73100MH1984PTC033594

BADAWE ENGINEERS PRIVATE LIMITED

Whole-time director

01-02-1986

01-02-1986

Active

NO

2

U74999PN2011PTC141324

BADAWE CONSULTANTS (R & D) PRIVATE LIMITED

Director

11-11-2011

11-11-2011

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mrs. Pratima Deshpande

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

 

Vishweshwar Vishwanath Badawe

 

15

Vineeta Vishwakumar Badawe

 

6682

Vrinda Vishwakumar Badawe

 

42338

Satyajit Vishwakumar Badawe

 

40950

Savithri Chandrasekaran and Ramkumar Chandrasekaran

 

75

S.V. Badawe (HUF)

 

500

Manjiri S. Badadwe

 

15

 

 

 

Total

 

 

90575

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

99.90

Other top fifty shareholders

0.10

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Importer of High Accuracy Multiaxis position Control System, Integrated Control Systems Components, Patch and Dish Antenna, Electronics Controllers.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Raw Material

Countries :

·         USA

Germany

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Excel Metal and Engineering Private Limited, Mumbai

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference:

Bharat Electronics Limited, Hyderabad

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Bank Name:

The Cosmos Cooperative Bank Limited

Branch:

269/270, Shaniwar Peth, Pune - 411030, 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 A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit = Rs. 1250.000 Millions

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

 

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan from Cosmos Cooperative Bank

[Secured against mortgage of Wind Mill located at Kuchodi Gujarat]

0.000

2.625

Term Loan from Cosmos Cooperative Bank [WCTL]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

0.394

1.169

Term Loan from Cosmos Cooperative Bank [Construction]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

4.832

6.022

Term Loan from Cosmos Cooperative Bank [Construction enhancement]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

3.113

0.000

SHORT TERM BORROWINGS

 

 

Term Loan from Cosmos Cooperative Bank [Current Maturity]

[Secured against mortgage of Wind Mill located at Kuchodi Gujarat]

3.523

6.318

Cash Credit account with Cosmos Cooperative Bank

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

5.312

9.257

Term Loan from Cosmos Cooperative Bank [WCTL]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

1.040

1.040

Term Loan from Cosmos Cooperative Bank [Construction]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

2.426

2.427

Term Loan from Cosmos Cooperative Bank [Construction enhancement]

[Secured against mortgage of land and building, hypothecation of other equipment and personal guarantees of directors]

1.222

0.000

 

 

 

Total

 

21.862

28.858

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

U. B. Gujar and Company

Chartered Accountants

Address :

Swojas Gulmohar, 3, Shantisheela Society, Film Institute Road, Pune – 411004, Maharashtra, India

Tel. No.:

91-20-25440006/ 25449400

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

ABMPG3737F

 

 

Associates

·         V.V. Architects Private Limited

Kusaba Engineers Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

99,000

Equity Shares

Rs. 100/- each

Rs. 9.900 Million

1,000

Preference Shares

Rs. 100/- each

Rs. 0.100 Million

 

 

 

 

 

Total

 

Rs. 10.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

90,575

Equity Shares

Rs. 100/- each

Rs. 9.058 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

9.058

9.058

9.058

(b) Reserves & Surplus

46.281

46.921

42.589

(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)

55.339

55.979

51.647

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

8.339

9.816

7.297

(b) Deferred tax liabilities (Net)

4.233

5.645

6.131

(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)

12.572

15.461

13.428

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

13.523

19.042

18.854

(b) Trade payables

3.619

7.356

5.096

(c) Other current liabilities

8.880

16.080

10.976

(d) Short-term provisions

10.034

8.647

5.663

Total Current Liabilities (4)

36.056

51.125

40.589

 

 

 

 

TOTAL

103.967

122.565

105.664

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

61.457

61.878

59.747

(ii) Intangible Assets

0.131

0.127

0.211

(iii) Capital work-in-progress

0.748

0.748

0.748

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.521

0.521

0.200

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.047

0.047

0.047

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

62.904

63.321

60.953

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

23.341

28.548

29.290

(c) Trade receivables

9.617

21.624

8.311

(d) Cash and cash equivalents

4.706

4.159

2.873

(e) Short-term loans and advances

0.848

2.673

2.617

(f) Other current assets

2.551

2.240

1.620

Total Current Assets

41.063

59.244

44.711

 

 

 

 

TOTAL

103.967

122.565

105.664

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

56.133

90.713

30.005

 

 

Other Income

0.604

1.435

0.113

 

 

TOTAL                                    

56.737

92.148

30.118

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

53.465

83.060

28.184

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

3.272

9.088

1.934

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

4.914

4.143

4.559

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

(1.642)

4.945

(2.625)

 

 

 

 

 

Less

TAX                                                                 

(1.002)

0.614

0.502

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

(0.640)

4.331

(3.127)

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(7.07)

47.82

(34.52)

 

Expected Sales (2014-2015): Rs. 40.000 Millions

 

The above information has been parted by Mrs. Pratima Deshpande (Accounts Manager)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

(1.14)

4.77

(10.42)

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(1.60)

4.08

(2.51)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.03)

0.09

(0.05)

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.40

0.52

0.51

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.14

1.16

1.10

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.058

9.058

9.058

Reserves & Surplus

42.589

46.921

46.281

Net worth

51.647

55.979

55.339

 

 

 

 

Long-term borrowings

7.297

9.816

8.339

Short term borrowings

18.854

19.042

13.523

Total borrowings

26.151

28.858

21.862

Debt/Equity ratio

0.506

0.516

0.395

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

30.005

90.713

56.133

 

 

202.326

(38.120)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

30.005

90.713

56.133

Profit/ (Loss)

(3.127)

4.331

(0.640)

 

(10.42%)

4.77%

(1.14%)

 

 

 

 

 

 

 

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10554734

21/01/2015

3,750,000.00

THE COSMOS CO-OPERATIVE BANK LIMITED (DECCAN GYMKHANA BRANCH)

HEAD OFFICE- 269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA

C46499398

2

10379015

27/09/2012

8,500,000.00

THE COSMOS CO-OPERATIVE BANK LIMITED (DECCAN GYMKHANA BRANCH)

269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA

B59092429

3

90092755

17/12/2013 *

19,500,000.00

THE COSMOS CO-OPERATIVE BANK LIMITED (DECCAN GYMKHANA BRANCH)

269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA

B93915460

 

* Date of charge modification

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from 26, Amar Society, Gulmohar Path, Off Law College Road, Erandwane, Pune – 411004, Maharashtra, India to the present address w.e.f.05.03.2013.


FIXED ASSETS:

 

·         Land

Buildings

Testing Equipment

Plant and Machinery

Furniture and Fixture

Vehicle

Office Equipment

Electrical Installation

Computers

Software


 

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. 62.59

UK Pound

1

Rs. 92.46

Euro

1

Rs. 67.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

REK

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

BVA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--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

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

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.