MIRA INFORM REPORT

 

 

Report No. :

333958

Report Date :

01.08.2015

 

IDENTIFICATION DETAILS

 

Name :

DUKRAFT PAPER DISTRIBUTOR PRIVATE LIMITED (w.e.f. 27.03.2012)

 

 

Formerly Known As :

DUKRAFT PULP AND PAPERS PRIVATE LIMITED

 

 

Registered Office :

107/A, 1st Floor, Citimall, Andheri Link Road, Andheri (West), Mumbai-400058, Maharashtra

Tel. No.:

91-22-26315933

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

05.02.2009

 

 

Com. Reg. No.:

11-251510

 

 

Capital Investment / Paid-up Capital :

Rs. 0.770 Million

 

 

CIN No.:

[Company Identification No.]

U21020MH2009PTC251510

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMD19706B

 

 

PAN No.:

[Permanent Account No.]

AADCD0768Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Dealer of Finest Quality Kraft Paper.

 

 

No. of Employees :

4 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (33)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small private limited company. Its scale of activities are limited.

 

As per Registrar of Companies the date of balance sheet i.e. financials filed is shown as 31st March 2014 but the documents related to the financials for the year 2014 are not available from any sources.

 

However, as per available financials of 2013, company has reported significant increase in its net profit. Further profit margin also reported to be fair i.e. 7%.

 

However, rating constraints on account of minimal net worth base and decrease in sales turnover in FY13.

 

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

 

In view of modest scale of operations, the Company can be considered for business dealings with usual trade terms and conditions.

 

NOTES :

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Anuj Ram Avtar Agarwal

Designation :

Director

Contact No.:

91-9819580101

Date :

29.07.2015

 

LOCATIONS

 

Registered Office :

107/A, 1st Floor, Citimall, Andheri Link Road, Andheri (West), Mumbai-400058, Maharashtra, India

Tel. No.:

91-22-26315933

Mobile No.:

91-9422481491 (Mr. Bhutuda)

91-9819580101 (Mr. Anuj Ram Avtar Agarwal)

Fax No.:

Not Available

E-Mail :

info@dukraftpaper.com

Website :

http://dukraftpaper.com

Area :

400 Sq. Ft

Location :

Owned

 

 

Warehouse :

Located at:-

 

·         Vasai

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Ramavtar Harkeshdas Aggarwaal

Designation :

Additional Director

Address :

Flat 2502, 25th Floor, Royal Resort, Plot T-38, off J. P. Road, Andheri (West), Mumbai-400053, Maharashtra, India

Date of Appointment :

02.02.2015

DIN No.:

06452954

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

U72300WB2009PTC132086

E-DIFY LEARNING SYSTEMS PRIVATE LIMITED

ADDITIONAL DIRECTOR

18-12-2012

18-12-2012

-

ACTIVE

NO

2

U52100MH2008PTC220772

HARI SHARANAM TRADELINKS PRIVATE LIMITED

DIRECTOR

28-01-2013

28-01-2013

-

ACTIVE

NO

3

U70102UP2010PTC039406

SHRI GOVERDHANBABA INFRATECH PRIVATE LIMITED

DIRECTOR

14-08-2014

14-08-2014

-

ACTIVE

NO

4

U45400UP2010PTC039915

SHRI GOVERDHANBABA INFRABUILD AND ASSURANCE PRIVATE LIMITED

DIRECTOR

14-08-2014

14-08-2014

-

ACTIVE

NO

5

U21020MH2009PTC251510

DUKRAFT PAPER DISTRIBUTOR PRIVATE LIMITED

ADDITIONAL DIRECTOR

02-02-2015

02-02-2015

-

ACTIVE

NO

 

 

Name :

Mr. Anuj Ram Avtar Agarwal

Designation :

Director

Address :

2502, 25th Floor, Building No.T-38, Royal Resort, APT, Shastri Nagar, Andheri West, Mumbai-400053, Maharashtra, India

Date of Birth/Age :

20.12.1983

Date of Appointment :

20.03.2010

DIN No.:

00370942

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

U21011MH2006PTC160966

BIGWIN PAPER DISTRIBUTORS PRIVATE LIMITED

DIRECTOR

05-04-2006

05-04-2006

03-03-2015

ACTIVE

NO

2

U52100MH2008PTC220772

HARI SHARANAM TRADELINKS PRIVATE LIMITED

DIRECTOR

05-12-2008

05-12-2008

05-02-2015

ACTIVE

NO

3

U51109MH2009PTC243650

ARYAMAN TRADELINKS PRIVATE LIMITED

DIRECTOR

09-02-2009

09-02-2009

28-01-2013

ACTIVE

NO

4

U21020MH2009PTC251510

DUKRAFT PAPER DISTRIBUTOR PRIVATE LIMITED

DIRECTOR

20-03-2010

20-03-2010

-

ACTIVE

NO

5

U74999MH1998PTC244787

HARYANAA PAPER DISTRIBUTOR PRIVATE LIMITED

DIRECTOR

20-03-2010

20-03-2010

03-03-2015

ACTIVE

NO

6

U72300WB2009PTC132086

E-DIFY LEARNING SYSTEMS PRIVATE LIMITED

DIRECTOR

28-09-2012

28-09-2012

28-01-2013

ACTIVE

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

No. of Shares

 

Arun Agarwal

22000

28.57

Anuj Agarwal

22000

28.57

Bigwin Paper Distributors Private Limited, India

13000

16.88

Arun Agarwal HUF

5000

6.49

Ramavtar Agarwal

5000

6.49

Ramavtar Agarwal HUF

5000

6.49

Sheetal Agarwal

5000

6.49

Total

77000

100.00

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

16.88

Directors or relatives of directors

83.12

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Dealer of Finest Quality Kraft Paper.

 

 

Brand Names :

--

 

 

Agencies Held :

·         Swastik Paper Mill

Umesh Paper Mill

Harisharnam Trade Link Private Limited

Surya Paper Mill

Akshat Paper Mill

Sunshine Kraft

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Cash and Credit (30 days, 60 days and 90 days)

 

 

Purchasing :

Cash and Credit (30 days, 60 days and 90 days)

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

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 :

End Users and OEMs

 

Reference:

Not Divulged

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 :

4 (Approximately)

 

 

Bankers :

Bank Name:

Bank of Baroda

Branch:

9,10 May Fair Meridian, Ceaser Road, Near ST Blaise Church, Amboli ,Andheri (West), Mumbai - 400058, 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. 15.000 Million

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Million)

31.03.2012

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

8.844

0.000

Total

8.844

0.000

 

Banking Relations :

--

 

 

Auditors :

 

Name :

P G Agarwal and Company

Chartered Accountants

Address :

604 Platinum Techno Park, Sector 30A, Vashi, Navi Mumbai-400703, Maharashtra, India

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

AAAPA5380K

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

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

·         Catlex Papers

Harisharnam Tradelinks Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs. 10/- each

Rs. 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

77000

Equity Shares

Rs. 10/- each

Rs. 0.770 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.770

0.770

0.100

(b) Reserves & Surplus

21.150

19.630

(0.029)

(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)

21.920

20.400

0.071

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.400

(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)

0.000

0.000

0.400

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

26.639

6.192

0.000

(b) Trade payables

42.390

21.987

0.000

(c) Other current liabilities

0.480

0.648

0.019

(d) Short-term provisions

0.680

0.000

0.000

Total Current Liabilities (4)

70.189

28.827

0.019

 

 

 

 

TOTAL

92.109

49.227

0.490

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.043

0.021

0.000

(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

8.019

0.220

0.220

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.008

Total Non-Current Assets

8.062

0.241

0.228

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

15.236

6.676

0.000

(c) Trade receivables

67.427

27.389

0.000

(d) Cash and cash equivalents

0.586

1.251

0.079

(e) Short-term loans and advances

0.798

13.670

0.183

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

84.047

48.986

0.262

 

 

 

 

TOTAL

92.109

49.227

0.490

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

INCOME FROM OPERATIONS

20.223

30.996

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

2.200

0.349

(0.023)

 

 

 

 

 

Less

TAX                                                                 

0.680

0.120

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1.520

0.229

(0.023)

 

 

 

 

 

 

Earnings/ (LOSS)  Per Share (Rs.)

19.74

2.97

(2.3)

 

 

PARTICULARS

 

 

31.03.2015

(Expected)

31.03.2014

Sales Turnover (Approximately)

 

200.000

200.000

 

 

 

(Due to increase in orders)

 

The above information has been parted by Mr. Anuj Ram Avtar Agarwal (Director)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

NA

NA

NA

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Return on Total Assets

(PBT/Total Assets}

(%)

2.62

0.71

(8.52)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.10

0.02

(0.32)

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.22

0.30

5.63

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.20

1.70

13.79

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.100

0.770

0.770

Reserves & Surplus

(0.029)

19.630

21.150

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

0.071

20.400

21.920

 

 

 

 

Long-term borrowings

0.400

0.000

0.000

Short term borrowings

0.000

6.192

26.639

Total borrowings

0.400

6.192

26.639

Debt/Equity ratio

5.634

0.304

1.215

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Income from Operations

0.000

30.996

20.223

 

 

 

(34.756)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Income from Operations

0.000

30.996

20.223

Profit

(0.023)

0.229

1.520

 

 

0.74%

7.52%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

Yes

28

Estimation for coming financial year

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10348990

17/04/2012

15,000,000.00

BANK OF BARODA

9,10 MAY FAIR MERIDIAN,CEASER ROAD, NEAR ST BLAIS
E CHURCH , AMBOLI ,ANDHERI (WEST), MUMBAI- 400058, MAHARASHTRA, INDIA

B37357142

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2013

(Rs. In Million)

31.03.2012

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loans and advances from related parties

13.746

6.192

Other Loans and advances

4.049

0.000

Total

17.795

6.192

 

 

CORPORATE INFORMATION:

 

Dukraft Paper Distributor Private Limited was incorporated to carry on trading of paper and paper board in India

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from 25, Patel Park, Himmatnagar Kampa, Near Sharda Kunj Society, Motipura-383001, Gujarat, India to the present address w.e.f 01.05.2013


FIXED ASSETS:

 

Tangible Assets

 

·         Vehicles

Office Equipment

 

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. 64.01

UK Pound

1

Rs.  99.84

Euro

1

Rs.  70.16

 

 

INFORMATION DETAILS

 

Information Gathered by :

KIN

 

 

Analysis Done by :

PPT

 

 

Report Prepared by :

IND

 

 

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

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

3

--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

 

33

 

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

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NB

                                       New Business

 

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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.