MIRA INFORM REPORT

Report No. :	334649
Report Date :	03.08.2015

IDENTIFICATION DETAILS

Name :	ANSHUL IMPEX PRIVATE LIMITED
Registered Office :	15 – B, Pushpa Kunj Buildingnew Ramdas Peth, Nagpur – 440010, Maharashtra
Tel. No.:	91-9422114876 (Mr. Yugpradhan Mehta)
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	10.03.1989
Com. Reg. No.:	11-050964
Capital Investment / Paid-up Capital :	Rs.30.000 Million
CIN No.: [Company Identification No.]	U15190MH1989PTC050964
IEC No.:	0393041972
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCA2325C
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in trading of indigenous and imported coking coal along with providing logistic services to the customers.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Anshul Impex Private Limited was incorporated in 1989, and is engaged in trading of indigenous and imported coal along with providing logistic services to the customers. It is established company having satisfactory track record. As management failed to file the financials documents for the year ended 31.03.2014 to statutory authorities. And the documents are not been available from any sources. The assigned rating derives comfort from the along track record of promoters in the coal trading business, established relations with a diversified client base and strong growth in trading turnover in last fiscal 2013. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealing 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 – 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 DENIED BY

Name :	Mr. Yugpradhan Mehta
Designation :	Director
Contact No.:	91-9422114876
Date :	31.07.2015

LOCATIONS

Registered Office :	15 – B, Pushpa Kunj Buildingnew Ramdas Peth, Nagpur – 440010, Maharashtra, India
Tel. No.:	91-712-2444842
Mobile No.:	91-9422114876 (Mr. Yugpradhan Mehta)
Fax No.:	91-712-2435769
E-Mail :	aipl_ngp@sancharnet.in

DIRECTORS

As on 30.09.2013

Name :

Mr. Yugpradhan Pannalal Mehta

Designation :

Director

Address :

204-A, Baji Prabhu Nagar,, Behind Sarveshwara Devalaya, Nagpur - 440010, Maharashtra, India

Date of Birth/Age :

01.06.1956

Date of Appointment :

10.03.1989

DIN No.:

00449800

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	U15190MH1989PTC050964	ANSHUL IMPEX PRIVATE LIMITED	Director	10/03/1989	10/03/1989	-	Active	NO
2	U65921MH1994PTC079055	ANUJ MINES MINERALS AND CHEMICALS PRIVATE LIMITED	Director	17/06/1994	17/06/1994	05/11/2014	Active	NO
3	U24110MH1994PTC082109	NIFTY CHEMICALS PRIVATE LIMITED	Director	22/02/2005	22/02/2005	-	Active	NO
4	U99999MH2006PTC159842	HIGH HORIZON STEEL PVT LTD	Director	17/02/2006	17/02/2006	-	Active	NO
5	U27101MH2009PTC194488	KARTIK SPONGE AND POWER PRIVATE LIMITED	Director	31/07/2009	31/07/2009	-	Active	NO
6	U24100MH2011PTC212158	NIFTY CHEMICALS PROCESS PRIVATE LIMITED	Director	11/01/2011	11/01/2011	-	Active	NO
7	U60109MH2011PTC215767	PUNYA COAL ROAD LINES PRIVATE LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO

Name :

Mrs. Ramila Yugpradhan Mehta

Designation :

Director

Address :

204 - A, Yug B/H Serveshwara Devalaya, Baji Prabhu Nagar Ramnagar, Nagpur - 440033, Maharashtra, India

Date of Birth/Age :

18.06.1963

Date of Appointment :

10.03.1989

DIN No.:

01765553

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	U15190MH1989PTC050964	ANSHUL IMPEX PRIVATE LIMITED	Director	10/03/1989	10/03/1989	-	Active	NO
2	U65921MH1994PTC079055	ANUJ MINES MINERALS AND CHEMICALS PRIVATE LIMITED	Director	17/06/1994	17/06/1994	-	Active	NO
3	U24110MH1994PTC082109	NIFTY CHEMICALS PRIVATE LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
4	U27101MH2009PTC194488	KARTIK SPONGE AND POWER PRIVATE LIMITED	Director	31/07/2009	31/07/2009	-	Active	NO
5	U24100MH2011PTC212158	NIFTY CHEMICALS PROCESS PRIVATE LIMITED	Director	11/01/2011	11/01/2011	-	Active	NO
6	U60109MH2011PTC215767	PUNYA COAL ROAD LINES PRIVATE LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2013

SHAREHOLDERS FILE ATTACH

As on 01.11.2013

Names of Allottees	No. of Shares Allotted
Yugpradhan Mehta	30000
Ramila Mehta	10000
Anuj Mines Mineral and Chemicals	30000
Anuj Y. Mehta	6000
Anshul Y. Mehta	5000
Noopur Singh	2000
Lalita Jain	3000
Arvind Sundararajan	4000
Total	90000

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	29.60
Directors or relatives of Directors	70.40
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in trading of indigenous and imported coking coal along with providing logistic services to the customers.
Products :	Coking Coal
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS = NOT AVAILABLE

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 :

Information declined by the management.

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	HDFC Bank House senapati Bapat Marg, Lower Parel West, Mumbai – 400013, 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 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 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Citi Bank	0.117	0.117
UBI LTF A/C-137	166.198	94.485
Kotak Mahindra Finance Limited	2.043	7.427
HDFC (Comm Vehirles)	1.124	3.173
UBI L/C A/C	314.571	270.585
ICICI Bank	0.000	0.843
Tata Molors Finance Limited	0.00	0.053
ICICI Bank (Tipper)	4.230	6.716
Bajaj Finance Limited	0.000	0.267
Magma Finance Corp	0.000	1.441
Barclays Investment And Loan	0.485	1.782
Religare Invest Limited	0.099	1.289
ICICI Bank (New VH)	6.996	10.158
ICICl Bank (3 VH)	1.061	1.861
HDFC Busmess Loan	0.156	0.718
ICICI Bank (JCB)	0.175	1.168
ICICI Bank(1 VH)	0.354	0.601
ICICI Bank( VH A/C)	0.390	0.494
UBI Loan A/c 2244	0.235	0.364
HDFC finance 5veh 3118	10.937	0.000
ICICI Bank Limited (5AMW)	10.865	14.000
UBI Surat	0.060	0.000
Total	520.096	417.542

Auditors :
Name :	Sajjad Rasul and Company Chartered Accountants
Address :	Nagpur, Maharashtra, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 30.09.2013

Authorised Capital: Rs.50.000 Million

Issued, Subscribed & Paid-up Capital: Rs.39.000 Million

As on 31.03.2013

Authorised Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.100/- each	Rs.30.000 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	30.000	20.000	15.374
(b) Reserves & Surplus	168.655	99.835	61.201
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	51.164	60.364	54.123
Total Shareholders’ Funds (1) + (2)	249.819	180.199	130.698
(3) Non-Current Liabilities
(a) long-term borrowings	545.796	446.404	479.391
(b) Deferred tax liabilities (Net)	0.991	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)	546.787	446.404	479.391
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	246.102	44.985	204.278
(c) Other current liabilities	18.006	31.548	15.664
(d) Short-term provisions	12.914	0.000	0.000
Total Current Liabilities (4)	277.022	76.533	219.942
TOTAL	1073.628	703.136	830.031
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	44.668	43.144	37.096
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.051
(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	115.490	95.504	104.633
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	160.158	138.648	141.780
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	271.753	153.826	72.467
(c) Trade receivables	576.970	382.548	593.679
(d) Cash and cash equivalents	24.823	2.554	6.515
(e) Short-term loans and advances	37.730	21.681	15.126
(f) Other current assets	2.194	3.879	0.464
Total Current Assets	913.470	564.488	688.251
TOTAL	1073.628	703.136	830.031

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	3582.197	3404.243
	Other Income	339.698	251.292
	TOTAL	3921.895	3655.535	3333.749
Less	EXPENSES
	Purchases of Stock-in-Trade	3545.501	3383.480
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(117.926)	(81.359)
	Employees benefits expense	5.461	3.173
	Other expenses	292.645	228.598
	TOTAL	3725.681	3533.892	3228.869
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	196.214	121.643	104.880
Less	FINANCIAL EXPENSES	144.338	88.204	73.094
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	51.876	33.439	31.786
Less/ Add	DEPRECIATION/ AMORTISATION	9.409	10.402	9.791
	PROFIT/ (LOSS) BEFORE TAX	42.467	23.037	21.995
Less	TAX	13.647	7.535	7.500
	PROFIT/ (LOSS) AFTER TAX	28.820	15.502	14.495
	Earnings / (Loss) Per Share (Rs.)	96.06	51.67	48.31

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.80	0.46	NA
Operating Profit Margin (PBDIT / Sales)	(%)	5.48	3.57	NA
Return on Total Assets (PBT/Total Assets}	(%)	3.96	3.28	2.65
Return on Investment (ROI) (PBT/Networth)		0.17	0.13	0.17
Debt Equity Ratio (Total Debt/Networth)		2.18	2.48	3.67
Current Ratio (Current Asset/Current Liability)		3.30	7.38	3.13

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	15.374	20.000	30.000
Reserves & Surplus	61.201	99.835	168.655
Share Application money pending allotment	54.123	60.364	51.164
Net worth	130.698	180.199	249.819
long-term borrowings	479.391	446.404	545.796
Short term borrowings	0.000	0.000	0.000
Total borrowings	479.391	446.404	545.796
Debt/Equity ratio	3.668	2.477	2.185

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)
Sales	3404.243	3582.197
		5.227

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)
Sales	3404.243	3582.197
Profit	15.502	28.820
	0.46%	0.80%

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	No
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	No
17	Details of sister concerns	No
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%	----------------------
28	Estimation for coming financial year	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
New Ashok Cloth Stores	0.000	0.500
V L Jain	0.000	0.012
Krishna Agrawal	0.000	0.750
J M Enterprise	0.000	0.500
Rohit Chabra	0.000	0.200
Jitendra Chabra	0.000	0.200
Daljit Rai Chhabra(HUF)	0.000	0.075
Kavita Chhabra	0.000	0.150
Ashwin Kumar	0.000	0.100
Shikha Chhabra	0.000	0.100
Dinanath Chhabra	0.000	0.100
Kamlesh Chhabra	0.000	0.080
Sunita Chhabra	0.000	0.080
Jitendra Chabra (HUF)	0.000	0.080
Daljit Chhahra (HUF)	0.000	0.200
Rohit Chabra (HUF)	0.000	0.070
Kanchan Chhabra	0.000	0.065
Lalita Taparia	0.000	0.300
Vaishali Chaware	0.000	0.200
Swati Uttamani	0.000	0.750
Sushilabai Agrawal	0.000	1.000
Shishank Agrawal	0.000	0.500
Saurabh Agrawal	0.000	1.000
Surendra Wadhwa	0.000	1.500
Sunita Wadhwa	0.000	1.500
Shital Water Development Corp	0.000	1.000
B N Ginning and Pressing	0.000	5.000
Ramesh Santani	5.000	5.000
Suruchi Agrawal	0.000	0.500
Unique Trade Company Limited	0.000	0.350
Rajendra Agrawal	8.500	3.500
Shiv Kishan Agrawal	3.500	3.500
ALV Trust	1.200	0.000
Hariram Khubnani	1.000	0.000
Kamal Kumar Agrawal	5.000	0.000
Sanika Agrawal	1.500	0.000
Total	25.700	28.862

INDEX OF CHARGES

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10574310	27/03/2015	6,633,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	C54496633
2	10510899	18/06/2014	500,000.00	AXIS BANK LIMITED	TRISHUL 3RD FLOOR OPPOSITE SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD - 380006, GUJARAT, INDIA	C11693553
3	10515369	24/05/2014	2,800,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	C16720385
4	10483137	01/03/2014	11,700,000.00	AXIS BANK LIMITED	TRISHUL 3RD FLOOR OPPOSITE SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD - 380006, GUJARAT, INDIA	B98495138
5	10476468	04/02/2014	3,600,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	B95873840
6	10448723	01/08/2013	3,600,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	B84817170
7	10232126	20/07/2010	15,586,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	A90552126
8	10222545	06/04/2010	4,200,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	A86479748
9	10223630	27/03/2010	45,000,000.00	UNION BANK OF INDIA	CIVIL LINES BRANCH, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA	A84692037
10	10153719	21/03/2009	1,785,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	A60524592

* Date of charge modification

FIXED ASSETS

• Furniture
• Office Equipment
• Electronic Weighing Machine
• Truck
• Computer
• Land

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.64.00
UK Pound	1	Rs.99.83
Euro	1	Rs.70.16

INFORMATION DETAILS

Information Gathered by :	SPY
Analysis Done by :	KYP
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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	--

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