MIRA INFORM REPORT

 

 

Report No. :

315418

Report Date :

08.04.2015

 

IDENTIFICATION DETAILS

 

Name :

GUJARAT INFRAPIPES PRIVATE LIMITED

 

 

Registered Office :

89, GIDC, Por Vadodara – 391243, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.09.1991

 

 

Com. Reg. No.:

04-016275

 

 

Capital Investment / Paid-up Capital :

Rs. 32.204 Million

 

 

CIN No.:

[Company Identification No.]

U27100GJ1991PTC016275

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDG00567A

 

 

PAN No.:

[Permanent Account No.]

AABCG0795J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Pipes - Fitting and Pre-Fabricated Piping Spools in Ferrous and Non-Ferrous Materials.

 

 

No. of Employees :

Not Divulged 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 1200000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

The management of the company has reported decline in its sales turnover during year under review.

 

However, the company has managed to achieve decent profits as against the loss made during previous financial year 2013.

 

Trade relations reported to be 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

 

Rating Agency Name

CARE

Rating

Long Term bank facilities BBB-

Rating Explanation

Moderate degree of safety and moderate credit risk

Date

03.03.2015

 

Rating Agency Name

CARE

Rating

Short Term bank facilities A3

Rating Explanation

Moderate degree of safety and higher credit risk

Date

03.03.2015

 

 

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 DENIED

 

Management non-cooperative

 

 

 

 

 

 

LOCATIONS

 

Registered Office :

89, GIDC, Por Vadodara – 391243, Gujarat, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

jsm@gujaratinfra.com

ravijain@gujaratinfra.com

Website :

http://www.gujaratinfra.com

 

 

Factory  :

Survey No. 53/A, Nareshhwar Road, Manglej, Vadodara - 391240, Gujarat, India

 

 

Liaison Office:

25/29, Dr. Deshmukh Lane, 101 Gagangiri Tower, Mumbai – 400004, Maharashtra, India

Tel. No.:

91-22-66595787 / 5788

Fax No.:

91-22-66595790

 

 

DIRECTORS

 

As on : 30.09.2014

 

Name :

Ms. Shantilal D. Mehta

Designation :

Managing Director

Address :

D – 62, Kabir Complex, Makarapura Road, Baroda – 390009, India

Date of Birth/Age :

04.07.1957

Date of Appointment :

18.09.1991

DIN No.:

00234008

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

U27100GJ1991PTC016275

GUJARAT INFRAPIPES PRIVATE LIMITED

Managing director

18/09/1991

18/09/1991

-

Active

NO

2

U27100MH1993PTC072482

NITYANAND INDUSTRIES PRIVATE LIMITED

Director

21/09/1993

21/09/1993

-

Active

NO

3

U70109MH2010PLC202662

RATNAAKAR INFRASTRUCTURE Limited

Director

01/05/2010

01/05/2010

-

Active

NO

4

U70101GJ2012PTC070011

RATNAAKAR ESTATE DEVELOPER PRIVATE LIMITED

Director

20/04/2012

20/04/2012

-

Active

NO

5

U70109MH2014PTC254584

RATNAAKAR WORLD CITY PRIVATE LIMITED

Director

19/03/2014

19/03/2014

-

Active

NO

 

 

Name :

Ms. Vimala S. Mehta

Designation :

Director

Address :

D – 62, Kabir Complex, Makarapura Road, Baroda – 390009, India

Date of Birth/Age :

04.07.1955

Date of Appointment :

28.09.2000

DIN No.:

00234133

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

U27100MH1993PTC072482

NITYANAND INDUSTRIES PRIVATE LIMITED

Director

21/09/1993

21/09/1993

-

Active

NO

2

U51420MH1994PTC081571

METALLIUM IMPEX PRIVATE LIMITED

Director

29/09/1994

29/09/1994

30/07/2010

Active

NO

3

U27100GJ1991PTC016275

GUJARAT INFRAPIPES PRIVATE LIMITED

Director

28/09/2000

28/09/2000

-

Active

NO

4

U70109MH2010PLC202662

RATNAAKAR INFRASTRUCTURE Limited

Director

01/05/2010

01/05/2010

-

Active

NO

 

 

Name :

Mr. Jitendra S. Mehta

Designation :

Director

Address :

D – 62, Kabir Complex, Makarapura Road, Baroda – 390009, India

Date of Birth/Age :

03.10.1978

Date of Appointment :

01.10.2000

DIN No.:

00234417

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on : 30.09.2015

 

Names of Shareholders

No. of Shares

Shantilal Mehta

919990

Jitendra Mehta

188500

Vimala Mehta

448850

Shantilal Jtly with Daulatraj Mehta

10

Shantilal Jtly with rairakhia B. Mehta

10

Shilpa Mehta

28750

Pinky Mehta

6250

Yesh V. Jewels Limited

20000

Nittyanand Private Limited

1608000

Total

3220360

 

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

50.55

Directors or relatives of Directors

49.45

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Pipes - Fitting and Pre-Fabricated Piping Spools in Ferrous and Non-Ferrous Materials.

 

 

Products :
  • Pipes – Fitting
  • Pre-Fabricated Piping Spools in Ferrous
  • Non-Ferrous Materials.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Not Divulged 

 

 

Bankers :

Banker Name

Bank Of Baroda

Branch Address

Por Branch, Por – 391243, Gujarat, 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 Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Term Loans from Bank

 

 

Kotak Mahindra Bank

0.000

0.000

Bank of Baroda (TATA Sumo)

0.198

0.276

Bank of Baroda (Eicher Tempo)

0.000

0.037

Bank of Baroda (ETIOS cAR)

0.125

0.221

Bank of Baroda (Scorpio Car)

0.000

0.049

Bank of Baroda (A/c No. 14462)

7.645

25.358

Bank of Baroda (A/c No. 15060)

7.575

11.575

Bank of Baroda (Demand Loan)

0.000

0.000

Bank of Baroda (A/c No. 15398)

39.000

0.000

HDFC Bank (Innova Car)

0.621

0.852

HDFC Bank (Ashok Leyland Bus)

0.470

0.743

HDFC Bank (Verna Car)

0.693

0.000

 

 

 

Short Term Borrowing

 

 

 

 

 

Loans repayable on Demand

 

 

Working capital Loans  from Banks

 

 

Bank of Baroda

0.000

6.095

Bank of Baroda

227.451

352.698

Bank of Baroda

30.000

0.000

Bill Discounting under LV

1.647

0.000

Total

315.425

397.904

 

Auditors :

 

Name :

Mukund and Rohit

Chartered Accountant

Address :

No. 8, 2nd Floor, Tower E Avishkar, Old Padra Road, Vadodara – 390007, Gujarat, India

Tel. No.:

91-265-2357845 / 2310448 / 2313515

Fax No.:

91-22-2320166

E-Mail :

office@mukundrohit.com

PAN No.:

AACFM4355J

 

 

Enterprises in which KMP/relatives of KMP can exercise significant influence :
  • Nityayand Metals Private Limited
  • Reat Metal
  • Ratanakar Estate Developers Private Limited

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates:

Nityanand Industries Private Limited

 

 

 

 

 

CAPITAL STRUCTURE

 

As on : 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs.50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3220360

Equity Shares

Rs.10/- each

Rs.32.304 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

32.204

32.204

32.204

(b) Reserves & Surplus

404.372

370.449

396.882

(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)

436.576

402.653

429.086

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

183.628

157.271

74.780

(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)

183.628

157.271

74.780

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

259.098

358.792

222.400

(b) Trade payables

170.846

232.653

217.799

(c) Other current liabilities

60.379

55.398

34.543

(d) Short-term provisions

6.615

4.720

19.898

Total Current Liabilities (4)

496.938

651.563

494.640

 

 

 

 

TOTAL

1117.142

1211.487

998.506

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

291.487

258.519

262.168

(ii) Intangible Assets

1.441

1.616

0.829

(iii) Capital work-in-progress

0.769

39.476

9.273

(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)

25.592

2.111

0.000

(d)  Long-term Loan and Advances

3.358

5.614

5.978

(e) Other Non-current assets

44.749

74.302

66.229

Total Non-Current Assets

367.396

381.638

344.477

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

513.722

592.350

464.173

(c) Trade receivables

183.866

191.627

138.969

(d) Cash and cash equivalents

3.057

7.912

18.102

(e) Short-term loans and advances

21.060

25.070

21.001

(f) Other current assets

28.041

12.890

11.784

Total Current Assets

749.746

829.849

654.029

 

 

 

 

TOTAL

1117.142

1211.487

998.506

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

Total Income

811.418

872.384

889.176

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Exceptional Items

(0.760)

5.978

(75.000)

 

Other expenses

766.121

867.362

838.030

 

TOTAL

765.361

873.340

763.030

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

46.057

(0.956)

126.146

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

33.003

34.130

31.247

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

13.054

(35.086)

94.899

 

 

 

 

 

Less

TAX

(20.869)

(8.654)

39.990

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

33.923

(26.432)

54.909

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

58.248

6.747

6.746

 

TOTAL EARNINGS

58.248

6.747

6.746

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

10.53

-8.21

17.05

 

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

Net Profit Margin (PAT/Total Income)

(%)

4.18

-3.03

6.18

 

 

 

 

 

Operating Profit Margin (PBITD/Total Income)

(%)

5.68

-0.11

14.19

 

 

 

 

 

Return on Total Assets (PBT/Total Assets}

(%)

1.20

-3.00

9.59

 

 

 

 

 

Return on Investment (ROI) (PBT/Networth)

 

0.03

-0.09

0.22

 

 

 

 

 

Debt Equity Ratio (Total Debt /Networth)

 

1.01

1.28

0.69

 

 

 

 

 

Current Ratio (Current Asset/Current Liability)

 

1.51

1.27

1.32

 

 

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

32.204

32.204

32.204

Reserves & Surplus

396.882

370.449

404.372

Net worth

429.086

402.653

436.576

 

 

 

 

long-term borrowings

74.780

157.271

183.628

Short term borrowings

222.400

358.792

259.098

Total borrowings

297.180

516.063

442.726

Debt/Equity ratio

0.693

1.282

1.014

 

 

 

 

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)

Total Income

889.176

872.384

811.418

 

 

(1.888)

(6.988)

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

889.176

872.384

811.418

Profit

54.909

(26.432)

33.923

 

6.18%

(3.03%)

4.18%

 

 

 

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

 

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

No

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

Yes

 

 

NOTE:

 

CORPORATE INFORMATION:

 

Gujarat Infrapipes Private Limited is a Private Limited Company domiciled in India and incorporated under the Companies Act 1956. The Company is engaged in the activities of manufacturing of Pipes-Fitting and Pre-Fabricated Piping Spools in Ferrous and Non-Ferrous Materials. The products of the Company are sold in domestic as well as international markets.

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Inter-corporate Deposits

102.223

78.110

Other Deposits

25.077

40.050

Total

127.300

118.160

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90104213

25/02/2014 *

562,500,000.00

Bank Of Baroda

Por Branch,, Por, Gujarat - 391243, INDIA

B98544505

2

90104898

24/02/2014 *

562,500,000.00

Bank of Baroda

Por, Por, Gujarat - 391243, INDIA

B98217094

* Date of charge modification

 

 

NOTE :

 

CONTINGENT LIABILITIES AND COMMITMENTS

 

Particulars

As at 31.03.2014

As at 31.03.2013

CONTINGENT LIABILITIES

 

 
  1. Bank Guarantees issued by bank on behalf of Company for which company has issued counter guarantee.

121.452

191.700
  1. Central Excise matter under Appeal

2.777

2.777
  1. Sales Tax matter under Appeal (2008-2009)

1.109

0.000
  1. Sales Tax matter under Apeeal (2009-2010)

1.414

0.000

 

 

 

COMMITMENTS

 

 
  1. Estimated amount of contracts to be executed on capital account and not provider for advances paid for the same

0.000

0.000
  1. Other Commitments

0.000

0.000

 

 

 

FIXED ASSETS

 

  • Freehold Land
  • Factory Buildings
  • Plant and Equipment
  • Dies, Blocks, Patterns
  • Electrical Installation
  • Furniture and Fixture
  • Air Conditioner
  • Testing Equipments
  • Office Equipments
  • Handling Equipments
  • Vehicles
  • Computers

 

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 records 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.92.45

Euro

1

Rs.67.51

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

SUJ

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

 

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

5

--BUSINESS SCALE

1~10

7

--PROFITABILITY 

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

4

--RESERVES

1~10

4

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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.