MIRA INFORM REPORT

 

 

Report No. :

315925

Report Date :

07.04.2015

 

IDENTIFICATION DETAILS

 

Name :

K A WIRES LIMITED (w.e.f. 02.02.2015)

 

 

Formerly Known As :

K A WIRES PRIVATE LIMITED

 

 

Registered Office :

Chatterjee International Canter, 33A, Chowringhee Road, 11th Floor, Suite No.11, Kolkata – 700071, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.08.2009

 

 

Com. Reg. No.:

21-137697

 

 

Capital Investment / Paid-up Capital :

Rs. 15.295 Million

 

 

CIN No.:

[Company Identification No.]

U27201WB2009PLC137697

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALK06545A

 

 

PAN No.:

[Permanent Account No.]

AADCK7401M

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Zinc Wires and Aluminium Wires.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 168000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The rating reflects company’s sound financial risk profile marked by fair liquidity position and above average profitability margins of the company.

 

Trade relations are fair. Business is active. Payments are reported to be usually 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 – 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 :

Mr. Bidyut Dey

Designation :

Finance Manager

Contact No.:

91-9830337763

Date :

06.04.2015

 

 

Name :

Ms. Leena

Designation :

Accountant

Contact No.:

91-33-2262312

Date :

06.04.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Chatterjee International Canter, 33A, Chowringhee Road, 11th Floor, Suite No.11, Kolkata – 700071, West Bengal

Tel. No. :

91-33-22262312/ 2313

Mobile No. :

91-9830337763 (Mr. Bidyut Dey)

Fax No. :

91-33-22262314

E-Mail :

info@kawires.com

info@kejriwalcastings.com

Website :

www.kawires.com

Location :

Owned

Locality :

Commercial

 

 

DIRECTORS

 

As on 26.09.2014

 

Name :

Mr. Sandip Kejriwal

Designation :

Director

Address :

1B, 67, Salt Lake, Sector III, Kolkata – 700106, West Bengal, India

Date of Birth/Age :

06.05.1968

Date of Appointment :

11.08.2009

DIN No. :

00389583

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

U27310WB2005PLC103224

KEJRIWAL CASTINGS LIMITED

Managing director

01-11-2012

19-05-2005

-

Active

NO

2

U70101WB2007PTC118825

KEJRIWAL INFRASTRUCTURES PRIVATE LIMITED

Director

19-09-2007

19-09-2007

-

Active

NO

3

U70100WB2007PTC120554

KEJRIWAL PROJECTS PRIVATE LIMITED

Director

23-11-2007

23-11-2007

-

Active

NO

4

U27201WB2009PLC137697

K A WIRES LIMITED

Director

11-08-2009

11-08-2009

-

Active

NO

5

U51909WB1997PTC083278

BITTU TRADING PRIVATE LIMITED

Director

05-01-2010

05-01-2010

03-08-2011

Active

NO

6

U45209WB1982PTC035503

STAR BUILDERS PVT LTD

Director

05-01-2010

05-01-2010

29-10-2011

Active

NO

7

U74992WB2010PTC141451

KEJRIWAL STOCKS & SHARES PRIVATE LIMITED

Director

28-01-2010

28-01-2010

-

Active

NO

 

 

Name :

Mr. Madhur Agarwal

Designation :

Whole-time Director

Address :

8A, Alipore Road, Flat 24, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

09.08.1975

Date of Appointment :

01.04.2013

DIN No. :

00459816

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

U31300WB1971PTC027903

POPULAR WIRES PVT LTD

Director

20-03-1996

20-03-1996

28-07-2009

Active

NO

2

U45201WB1999PTC090510

POPULAR APARTMENTS PRIVATE LIMITED

Additional director

16-01-2015

26-10-1999

-

Active

NO

3

U72900WB2007PTC119734

DIVYANSH SOLUTIONS PRIVATE LIMITED

Director

16-10-2007

16-10-2007

-

Active

NO

4

U27201WB2009PLC137697

K A WIRES LIMITED

Whole-time director

01-04-2013

11-08-2009

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Bidyut Dey

Designation :

Finance Manager

 

 

Name :

Ms. Leena

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2014

 

Names of Shareholders

No. of Shares

 

Sandip Kejriwal

21500

Madhur Agarwal

30000

Divyansh Solutions Private Limited, India

5000

Dwarka Prakash kailashnath

14000

Indom Exports Limited, India

27500

Kailashnath Agarwal HUF

35000

Madhur Agarwal HUF

29000

Poonam Agarwal

15000

Popular Apartments (Private) Limited, India

338000

Kejriwal Projects (Private) Limited, India

221500

Kejriwal Infrastructures (Private) Limited, India

200000

Anuja Agarwal

2000

Mohan Lal Dwarka Prasad

13000

Kejriwal Stocks and Shares (Private) Limited, India

210000

Omsons Traders (Private) Limited, India

9600

Ramesh Vincom (Private) Limited, India

6400

Rose Barter (Private) Limited, India

4000

Star Builders (Private) Limited, India

4000

Kejriwal Pipes Fittings Valves (Private) Limited, India

320000

Kailashnath Agarwal

24000

Total

1529500

 

As on 26.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

88.00

Directors or relatives of Directors

12.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Zinc Wires and Aluminium Wires.

 

 

Products :

Zinc Wires and Aluminium Wires.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Zinc Wires and Aluminium Wires

Countries :

·         Europe

·         Africa

 

 

Imports :

--

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

Customers :

End Users

 

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Bank Name:

Kotak Mahindra Bank Limited

Branch:

36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India

Name of the Person (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):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Axis Bank Limited, Corporate Banking Branch (Cbb), 1, Shakespeare Sarani, AC Market, 3rd Floor, Kolkata - 700071, West Bengal, India

 

·         Kotak Mahindra Bank Limited, Park Street Branch, Kolkata, West Bengal, India

Account No.: 03222010002337

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Car loan

0.382

11.225

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loans

60.492

35.946

Term loan

3.542

0.000

Total

64.416

47.171

 

NOTE

 

SHORT TERM BORROWINGS

 

·         Working Capital Loan are fully guaranteed by all the directors of the company.

 

·         Working capital loan are from Kotak Mahindra Bank, Park Street Branch against hypothecation of stocks and Book Debts.

 

·         Term Loan is secured by mortgaging property at Liluah and lien over FD

 

·         Secured Term Loans from banks is payable by 15th of January 2015

 

·         Term Loans are fully guaranteed by all the directors of the company.

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S.N.Kedia and Associates

Chartered Accountants

Address :

46, B.B. Ganguly Street, 4th Floor, Room No.11, Kolkata – 700012, West Bengal, India

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

ACFFS9184A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

As on 26.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2100000

Equity Shares

Rs.10/- each

Rs.21.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1529500

Equity Shares

Rs.10/- each

Rs.15.295 Millions

 

 

 

 

 

 

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

15.295

15.295

13.295

(b) Reserves & Surplus

43.602

41.449

36.352

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

14.300

0.000

Total Shareholders’ Funds (1) + (2)

58.897

71.044

49.647

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

1.882

12.725

23.732

(b) Deferred tax liabilities (Net)

0.000

0.868

2.171

(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)

1.882

13.593

25.903

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

74.034

35.946

35.415

(b) Trade payables

20.284

16.135

0.760

(c) Other current liabilities

0.839

0.647

0.569

(d) Short-term provisions

4.426

0.906

0.217

Total Current Liabilities (4)

99.583

53.634

36.961

 

 

 

 

TOTAL

160.362

138.271

112.511

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

58.315

60.723

61.528

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

3.460

1.009

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)

0.140

0.000

0.000

(d)  Long-term Loan and Advances

0.003

0.003

0.050

(e) Other Non-current assets

0.168

0.217

0.126

Total Non-Current Assets

62.086

61.952

61.704

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

47.841

39.814

27.997

(c) Trade receivables

31.733

22.096

10.423

(d) Cash and cash equivalents

0.583

0.823

2.830

(e) Short-term loans and advances

18.119

13.586

9.557

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

98.276

76.319

50.807

 

 

 

 

TOTAL

160.362

138.271

112.511

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

206.421

125.011

50.546

 

 

Other Income

0.131

0.742

0.402

 

 

TOTAL                                     (A)

206.552

125.753

50.948

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

195.730

116.672

46.687

 

 

 

 

 

 

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

10.822

9.081

4.261

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

6.669

5.465

2.750

 

 

 

 

 

 

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

4.153

3.616

1.511

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.735

2.643

1.196

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)           

1.418

0.973

0.315

 

 

 

 

 

Less

TAX                                                                  (H)

(0.735)

(1.124)

1.331

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

2.153

2.097

(1.016)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

16.001

11.709

0.738

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.41

1.37

(0.76)

 

Expected Sales (2014-2015): Rs. 280.000 Millions

 

The above information has been parted by Mr. Bidyut Dey (Finance Manager) and Ms. Leena  (Accountant).

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

1.04

1.68

(2.01)

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

5.24

7.26

8.43

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.90

0.71

0.28

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.02

0.01

0.01

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.29

0.69

1.19

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.99

1.42

1.37

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

13.295

15.295

15.295

Reserves & Surplus

36.352

41.449

43.602

Share Application money pending allotment

0.000

14.300

0.000

Net worth

49.647

71.044

58.897

 

 

 

 

Long-term borrowings

23.732

12.725

1.882

Short term borrowings

35.415

35.946

74.034

Total borrowings

59.147

48.671

75.916

Debt/Equity ratio

1.191

0.685

1.289

 

 

 

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

50.546

125.011

206.421

 

 

147.321

65.122

 

 

 

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

50.546

125.011

206.421

Profit

-1.016

2.097

2.153

 

-2.01%

1.68%

1.04%

 

 

 

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

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

10421601

13/01/2014 *

96,000,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA

B94104288

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

From others

1.500

1.500

 

 

 

SHORT TERM BORROWINGS

 

 

Other Loans and Advances

10.000

0.000

Total

11.500

1.500

 

 

OPERATIONS

 

The Company continues to add Marque Customers to its existing list in India and Abroad. Their Customer base in South Asia (Nepal, Bangladesh and Pakistan), Middle East Asia (UAE, Saudi Arabia, Oman, Qatar, Bahrain, Iran) and South East Asia (Thailand, Malaysia, Singapore, Vietnam) is ever increasing. Efforts are in progress to increase density of Customers in Europe and USA.

 

 

FIXED ASSETS

 

·         Land

·         Plant and Machinery

·         Computer

·         Motor cycle

·         Furniture

·         Pattern

·         Shed and Building

 

 

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.62.16

UK Pound

1

Rs.92.73

Euro

1

Rs.68.23

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MRI

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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.