MIRA INFORM REPORT

 

 

Report No. :

318525

Report Date :

24.04.2015

 

IDENTIFICATION DETAILS

 

Name :

GOURAV ENERGEN INDIA PRIVATE LIMITED (w.e.f. 01.04.2010)

 

 

Formerly Known As :

GOURAV CABLES PRIVATE LIMITED

 

 

Registered Office :

Administrative Block, Industrial Estate, C.B. Ganj, Bareilly – 243 502, Uttar Pradesh

Tel. No.:

91-581-2560082

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

09.05.1994

 

 

Com. Reg. No.:

20-016434

 

 

Capital Investment / Paid-up Capital :

Rs.4.880 million

 

 

CIN No.:

[Company Identification No.]

U31300UP1994PTC016434

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

LKNG05080F

 

 

PAN No.:

[Permanent Account No.]

AAACG5262F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is primarily engaged in the business of manufacturing of Coils, Panel Boxes and Silent DGs, trading of Cables and also engaged in providing erection, commissioning and installation services.

 

 

No. of Employees :

95 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The management has witnessed decent increase in its turnover and profitability during FY2014. The company has fair liquidity.

 

Trade relations are reported to be fair. Business is active. Payments 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 – 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. Deepak Kumar

Designation :

Accounts Department

Contact No.:

91-581-2560082

Date :

22.04.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Administrative Block, Industrial Estate, C.B. Ganj, Bareilly – 243 502, Uttar Pradesh, India

Tel. No. :

91-581-2560082

Fax No. :

91-581-2561527

E-Mail :

agarwalchaman@yahoo.co.in

Website :

http://www.gouravcables.com

 

 

 

 

DIRECTORS

 

AS ON 13.09.2014  

 

Name :

Mr. Bharat Bhushan Bhasin

Designation :

Director

Address :

B-336, Rajendra Nagar, K.K. Hospital Road, Bareilly – 243 122, Uttar Pradesh, India

Date of Birth/Age :

26.10.1945

Date of Appointment :

09.05.1994

PAN No. :

ADJPB2165M

DIN No. :

00613913

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

U31300UP1994PTC016434

GOURAV ENERGEN INDIA PRIVATE LIMITED

Director

09/05/1994

09/05/1994

-

Active

NO

2

U51109UP1991PTC013552

SANGAM APPLIANCES AND ELECTRICALS PRIVATE LIMITED

Director

16/04/2004

16/04/2004

-

Active

NO

 

 

Name :

Mr. Deepak Bhasin

Designation :

Director

Address :

B-336, Rajendra Nagar, K.K. Hospital Road, Bareilly – 243 122, Uttar Pradesh, India

Date of Birth/Age :

26.04.1957

Date of Appointment :

09.05.1994

PAN No. :

ADJPB2167K

DIN No. :

00613933

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

U31300UP1994PTC016434

GOURAV ENERGEN INDIA PRIVATE LIMITED

Director

09/05/1994

09/05/1994

-

Active

NO

2

U51109UP1991PTC013552

SANGAM APPLIANCES AND ELECTRICALS PRIVATE LIMITED

Director

07/10/2002

07/10/2002

-

Active

NO

 

 

Name :

Mr. Tanuj Bhasin

Designation :

Director

Address :

B-336, Rajendra Nagar, K.K. Hospital Road, Bareilly – 243 122, Uttar Pradesh, India

Date of Birth/Age :

07.10.1975

Date of Appointment :

02.06.1997

PAN No. :

AAVPB2731N

DIN No. :

00614013

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

U31300UP1994PTC016434

GOURAV ENERGEN INDIA PRIVATE LIMITED

Director

02/06/1997

02/06/1997

-

Active

NO

2

U51109UP1991PTC013552

SANGAM APPLIANCES AND ELECTRICALS PRIVATE LIMITED

Director

07/10/2002

07/10/2002

-

Active

NO

 

 

Name :

Mr. Gaurav Bhasin

Designation :

Director

Address :

B-336, Rajendra Nagar, K.K. Hospital Road, Bareilly – 243 122, Uttar Pradesh, India

Date of Birth/Age :

30.10.1979

Date of Appointment :

25.07.2008

DIN No. :

00614032

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

U51109UP1991PTC013552

SANGAM APPLIANCES AND ELECTRICALS PRIVATE LIMITED

Director

07/10/2002

07/10/2002

-

Active

NO

2

U31300UP1994PTC016434

GOURAV ENERGEN INDIA PRIVATE LIMITED

Director

25/07/2008

20/05/2008

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Deepak Kumar

Designation :

Accounts Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 13.09.2014  

 

Names of Shareholders

 

 

No. of Shares

Bharat Bhushan Bhasin

 

13520

Deep Kumar Pant

 

520

Deepak Bhasin

 

5390

Neelam Bhasin

 

2600

Gaurav Bhasin

 

600

Usha Bhasin

 

1250

Saurabh Bhasin

 

3600

Harit Bhasin

 

820

Arun Kumar Bhasin

 

300

Ashok Bhasin

 

300

Tanuj Bhasin HUF

 

5100

Ashima Bhasin

 

750

Avneet Bhasin

 

2100

Anil Sahani

 

650

Rishi Arora

 

500

Suraj Sahani

 

750

Tanuj Bhasin

 

8000

Shubha Bhasin

 

2050

Total

 

48800

 

AS ON 13.09.2014  

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

90.00

Other top fifty shareholders

10.00

Total

100.00

 

 

                 

 

BUSINESS DETAILS

 

Line of Business :

Subject is primarily engaged in the business of manufacturing of Coils, Panel Boxes and Silent DGs, trading of Cables and also engaged in providing erection, commissioning and installation services.

 

 

Products/ Services :
  • Control Panel
  • APFC Panel
  • LT Panel
  • Motor Control Panels
  • Power Distribution Panels
  • Feeder Pillars
  • Industrial Cables
  • Industrial Wires
  • MCB Distribution Boxes
  • Silent DG Sets
  • Turnkey Projects

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit 

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Havells India Limited

Name of the Person :

Mr. Tulsidas Rai (Senior Manager)

Contact No.:

91-9935533786

Since How Long Known :

9 Years

Experience :

Rs.100.000 million (Yearly)

Maximum Limit Dealt :

Not Divulged

Remark :

They gave us positive response about subject company. They are satisfied with their product quality and delivery behaviour.

 

 

Customers :

Reference :

Sangam Appliances and Electrical Private Limited

Name of the Person :

Mr. Amit Sharma (Accounts Manager)

Contact No.:

91-8171898843

Since How Long Known :

15 Years

Experience :

Product Quality: Excellent

Delivery Behaviour: Excellent

Overall: Excellent

Maximum Limit Dealt :

Rs.15.000 million

Remark :

They gave us positive response about subject company. They are satisfied with their payment and delivery behaviour.

 

 

No. of Employees :

95 (Approximately)  

 

 

Bankers :

Banker Name

Bank of Baroda

Branch Address

Shyamganj, Opposite Vikas Bhawan, Bareilly – 243 001, Uttar Pradesh, India

Person Name (With Designation)

Mr. Ahsaan Rai (Senior Manager)

Contact Number

91-581-2510134

91-8958307503

Name of Account Holder

GOURAV ENERGEN INDIA PRIVATE LIMITED

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

2010

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash Credit: Rs.40.000 million

Account Operation

Satisfactory

Remarks (If any)

They gave us positive response about subject company. They are satisfied with their banking transaction.

 

Axis Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loans from Banks (repayable on demand)

22.184

12.243

Axis Bank, Bareilly Channel Finance Dealer A/c # 913030054701377

3.107

0.000

Total

25.291

12.243

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Bajaj and Arora

Chartered Accountants

Address :

121-122, 1st Floor, Ratandeep Complex, Civil Lines, Bareilly – 243 001, Uttar Pradesh, India

Tel. No. :

91-581-245014/ 2477556

Mobile No. :

91-9319099006

E-Mail :

bajajaroraca@rediffmail.com

PAN No.:

AAAFB8728L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Company in which KMP/ Relatives of KMP can exercise significant influence :

Sangam Appliances and Electrical Private Limited

 

 

 

Other Related Parties :

Sangam Electrical (A proprietary concern in which Deepak Bhasin is Proprietor).

 

 

CAPITAL STRUCTURE

 

AS ON 13.09.2014  

 

Authorised Capital :

No. of Shares

Type

Value

Amount

50000

Equity Shares

Rs.100/- each

Rs.5.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

48800

Equity Shares

Rs.100/- each

Rs.4.880 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

4.880

3.265

3.265

(b) Reserves & Surplus

12.596

9.828

7.996

(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)

17.476

13.093

11.261

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

6.400

7.176

6.427

(b) Deferred tax liabilities (Net)

0.145

0.143

0.150

(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)

6.545

7.319

6.577

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

25.291

12.243

13.478

(b) Trade payables

24.687

21.924

14.805

(c) Other current liabilities

3.451

2.190

1.875

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

53.429

36.357

30.158

 

 

 

 

TOTAL

77.450

56.769

47.996

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.944

6.372

6.828

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.551

0.768

0.270

(e) Other Non-current assets

0.000

0.000

0.014

Total Non-Current Assets

10.495

7.140

7.112

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

22.665

16.460

16.100

(c) Trade receivables

41.686

31.639

22.615

(d) Cash and cash equivalents

0.144

0.058

0.063

(e) Short-term loans and advances

1.439

0.472

1.106

(f) Other current assets

1.021

1.000

1.000

Total Current Assets

66.955

49.629

40.884

 

 

 

 

TOTAL

77.450

56.769

47.996

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from operations (Net)

136.238

85.526

81.017

 

 

Other Income

0.137

0.270

0.004

 

 

TOTAL                                    

136.375

85.796

81.021

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

58.555

41.794

41.065

 

 

Purchases of traded goods

42.441

17.013

15.320

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

(2.043)

0.344

(0.927)

 

 

Employee benefit expense

12.194

9.944

9.061

 

 

Other expenses

17.573

10.549

10.368

 

 

TOTAL                                    

128.720

79.644

74.887

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

7.655

6.152

6.134

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

2.648

2.530

2.924

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

5.007

3.622

3.210

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

0.965

0.960

0.798

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4.042

2.662

2.412

 

 

 

 

 

Less

TAX                                                                 

1.274

0.830

0.764

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

2.768

1.832

1.648

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

56.72

56.13

50.49

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

2.03

2.14

2.03

 

 

 

 

 

Operating Profit Margin

(PBDIT/ Sales)

(%)

5.62

7.19

7.57

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

5.22

4.69

5.03

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.23

0.20

0.21

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.81

1.48

1.77

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.25

1.37

1.36

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(INR in Million)

(INR in Million)

(INR in Million)

Share Capital

3.265

3.265

4.880

Reserves & Surplus

7.996

9.828

12.596

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

11.261

13.093

17.476

 

 

 

 

Long Term borrowings

6.427

7.176

6.400

Short Term borrowings

13.478

12.243

25.291

Total borrowings

19.905

19.419

31.691

Debt/Equity ratio

1.768

1.483

1.813

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(INR in Million)

(INR in Million)

(INR in Million)

Revenue from operations (Net)

81.017

85.526

136.238

 

 

5.565

59.294

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(INR in Million)

(INR in Million)

(INR in Million)

Revenue from operations (Net)

81.017

85.526

136.238

Profit

1.648

1.832

2.768

 

2.03%

2.14%

2.03%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

Yes

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

Yes

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

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

NOTE:

 

The registered address of the company has been shifted from B-336, Rajendra Nagar, K.K. Hospital Road, Bareilly – 243 122, Uttar Pradesh to the present address w.e.f. 09.02.2009.

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Loans from Related Parties

6.191

6.859

Loans from Others

0.209

0.317

Total

6.400

7.176

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10221598

31/12/2013 *

50,000,000.00

BANK OF BARODA

SHYAMGANJ, OPP. VIKAS BHAWAN, BAREILLY, UTTAR PRADESH - 243001, INDIA

B93575421

2

90272193

28/04/1999

195,000.00

THE NAINITAL BANK LIMITED

CIVIL LINES, BAREILLY, UTTAR PRADESH, INDIA

-

3

90270460

28/04/1999

595,000.00

THE NAINITAL BANK LIMITED

CIVIL LINES, BAREILLY, UTTAR PRADESH, INDIA

-

4

90273459

28/04/1999

595,000.00

THE NAINITAL BANK LIMITED

CIVIL LINES, BAREILLY, UTTAR PRADESH, INDIA

-

5

90271718

25/03/1995

150,000.00

THE NAINITAL BANK LIMITED

CIVIL LINES, BAREILLY, UTTAR PRADESH, INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

 

·         Land

·         Building

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Office Equipments

 

 

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 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.63.18

UK Pound

1

Rs.94.93

Euro

1

Rs.67.66                                                                  

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

-- PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

4

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

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.