MIRA INFORM REPORT

 

 

Report No. :

337477

Report Date :

19.08.2015

 

IDENTIFICATION DETAILS

 

Name :

NARESH TRADELINK PRIVATE LIMITED

 

 

Registered Office :

304, Aditya, Behind Sardar Patel Seva Samaj Hall, Near Mithakhali Six Road, Navrangpura, Ahmedabad – 380006, Gujarat

Tel No.:

91-79-26402327

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

06.05.2005

 

 

Com. Reg. No.:

04-046005

 

 

Capital Investment / Paid-up Capital :

Rs.7.507 Million

 

 

CIN No.:

[Company Identification No.]

U51100GJ2005PTC046005

 

 

IEC No.:

0807015881

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMN02577B

 

 

PAN No.:

[Permanent Account No.]

AACCN1028Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of craft paper.

 

 

No. of Employees :

7 (Approximately)

 

 

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 :

Subject is an established company having satisfactory track record.

 

For the financial year ended 2014, company possesses sound operational performance but it has reported lower profitability margins during a year a review.

 

Rating also takes into consideration company’s sound financial risk profile supported by above average net worth base and favorable gap between trade payable to its receivables.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings at usual trade terms and condition.

 

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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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. Hasmukh Agrawal Tarachand

Designation :

Director

Contact No.:

91-9825006839

Date :

18.08.2015

 

 

LOCATIONS

 

Registered Office :

304, Aditya, Behind Sardar Patel Seva Samaj Hall, Near Mithakhali Six Road, Navrangpura, Ahmedabad – 380006, Gujarat, India

Tel. No.:

91-79-26402327

Mobile No.:

91-9825006839 (Mr. Hasmukh Agarwal)

Fax No.:

91-79-26426867

E-Mail :

Ntpl2009@yahoo.in

Area :

1200 Sq ft

Location :

Owned

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Tarachand B Aagrwal

Designation :

Director

Address :

A-501, Shilalekh, Opposite Police Stadium, Shahibaug, Ahmedabad – 380004, Gujarat, India

Date of Appointment :

06.05.2005

DIN No.:

01177047

 

 

Name :

Mr. Hasmukh T Aarwal

Designation :

Director

Address :

A-501, Shilalekh, Opposite Police Stadium, Shahibaug, Ahmedabad – 380004, Gujarat, India

Date of Birth/Age :

16.04.1993

Date of Appointment :

06.05.2005

DIN No.:

01177085

 

 

Name :

Sumitraben T Agarwal

Designation :

Director

Address :

A-501, Shilalekh, Opposite Police Stadium, Shahibaug, Ahmedabad – 380004, Gujarat, India

Date of Appointment :

05.10.2007

DIN No.:

01974376

 

 

Name :

Ms. Anjuben H Agarwal

Designation :

Director

Address :

A-501, Shilalekh, Opposite Police Stadium, Shahibaug, Ahmedabad – 380004, Gujarat, India

Date of Appointment :

5.10.2007

DIN No.:

01974400

 

 

Name :

Mr. Jainam H Agarwal

Designation :

Director

Address :

A-501, Shilalekh, Opposite Police Stadium, Shahibaug, Ahmedabad – 380004, Gujarat, India

Date of Appointment :

01.07.2011

DIN No.:

03585053

 

 

Name :

Aneri hasmukh agrawal

Designation :

Additional director

Address :

A/501, Shilalekh, Opposite Pilice Stadium, Shahibaug,, Ahmedabad - 380004, Gujarat, India

Date of Appointment :

27.01.2015

DIN No.:

07081676

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Tarachand Agarwal

 

227500

Hasmukh Agarwal

 

223500

Jainam Agarwal

 

100

Aneri Agarwal

 

100

Anju Agarwa

 

89600

Tarachand Agarwal HUF

 

100

Sumitra Agarwal

 

89600

Hasmukh Agarwal HUF

 

100

Radhesyam Agarwal

 

10

Savitrivedi Agarwal

 

10

Sitaben Agarwal

 

10

Vikas Agarwal

 

10

Ashokumar Bhartia

 

10

Payal Agarwal

 

10

Shree Sarvoday Industries, India

 

10

Alpha Graphic India Limited, India

 

20000

Zen Savings Limited, India

 

20000

Universal Credit and Securities Limited, India

 

20000

Goyal Financial (India) Limited, India

 

20000

Kailash Fincom Limited, India

 

20000

Adeshwar Cotton Industries Limited

 

20000

Total

 

750670

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

15.99

Directors or relatives of Directors

84.01

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of craft paper.

 

 

Products :

Craft paper

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Not Divulged

Countries :

China

 

 

Terms :

 

Selling :

Cheque and Credit

 

 

Purchasing :

Cheque and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Akshat Papers Limited
  • Coral Newsprint Limited
  • Devang Paper Mills Private Limited
  • Falco Info Services
  • Panam Papers Private Limited
  • Sardar Paper Mills Private Limited

 

Reference :

Rama Pulp and Paper Limited , Vapi

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Retailers , End Users, OEMS

 

  • Crown Laminated Private Limited
  • Achut Polymers Private Limited
  • Advance Laminates Private Limited
  • Airo Lam Limited
  • ARC Lamicraft Private Limited
  • B P Plyboard Private Limited
  • Care Corupack Limited

 

Reference :

Olympic Laminates Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

7 (Approximately)

 

 

Bankers :

HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

 

Banker Name

ICICI Bank Limited

Branch Address

Navrangpura Branch

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)

CC Rs. 120.000 Million

LC: Rs. 120.000 Million

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 Loan

 

 

HDFC Car Loan

(Hypothecation Toyota Innova Car )

Terms of repayment monthly installment of Rs. 0.038 Million

0.043

0.827

HDFC Car Loan

(Hypothecation Passat car )

Terms of repayment monthly installment of Rs. 0.064 Million

0.131

1.428

HDFC Car Loan

(Hypothecation Polo Car )

Terms of repayment monthly installment of Rs. 0.013 Million

0.047

0.330

SHORT TERM BORROWING

 

 

Cash Credit

(Hypothecation stock and book debts)

 

 

From HDFC Bank (A/C No. 00062790001062)

3.408

21.508

HDFC CC Limit 9861

20.207

0.000

Total

23.836

24.093

 

Auditors :

 

Name :

Priyam R shah and Associates

Chartered Accountants

Address :

B/103, Premium House, Behind Handloom House, Near Gandhigram Station Ashram Road, Ahmedabad – 380009, Gujarat, India

Tel. No.:

91-79-26574315

Fax No.:

91-79-26576290

E-Mail :

rmshah@rmshah.net

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

AAHFP2274N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750670

Equity Shares

Rs.10/- each

Rs. 7.507 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

7.507

7.507

7.507

(b) Reserves & Surplus

33.164

28.871

25.948

(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)

40.671

36.378

33.455

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

29.364

33.397

28.485

(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)

29.364

33.397

28.485

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

23.615

21.508

23.160

(b) Trade payables

142.982

119.482

64.991

(c) Other current liabilities

2.187

1.037

1.219

(d) Short-term provisions

2.380

2.852

1.207

Total Current Liabilities (4)

171.164

144.879

90.577

 

 

 

 

TOTAL

241.199

214.654

152.517

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.066

4.011

0.839

(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

0.600

0.600

0.000

(c) Deferred tax assets (net)

0.369

0.255

0.152

(d)  Long-term Loan and Advances

7.625

8.884

8.270

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.660

13.750

9.261

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

3.524

2.955

0.729

(c) Trade receivables

219.546

193.789

130.387

(d) Cash and cash equivalents

6.388

4.058

11.907

(e) Short-term loans and advances

0.004

0.003

0.200

(f) Other current assets

0.077

0.099

0.033

Total Current Assets

229.539

200.904

143.256

 

 

 

 

TOTAL

241.199

214.654

152.517

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

773.270

602.382

369.031

 

Other Income

35.902

28.279

1.147

 

TOTAL (A)

809.172

630.661

370.178

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of sales

773.467

607.207

354.642

 

Employee benefits expenses

2.333

1.321

0.879

 

Other Expenses

7.961

3.472

3.903

 

Director Remuneration

6.070

4.740

2.190

 

TOTAL (B)

789.831

616.740

361.614

 

 

 

 

 

Less

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

19.341

13.921

8.564

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

12.222

8.685

6.344

 

 

 

 

 

 

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

7.119

5.236

2.220

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

1.042

1.116

0.292

 

 

 

 

 

 

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

6.077

4.120

1.928

 

 

 

 

 

Less

TAX (H)

1.785

1.197

0.602

 

 

 

 

 

 

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

4.292

2.923

1.326

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

5.72

3.89

1.77

 

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

1120.000

(More Orders)

 

Expected Sales (2015-2016) : Rs.1200.000 Million

 

The above information has been parted by Mr. Hasmukh Agrawal Tarachand

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

 

 

 

HDFC Car Loan (Toyota Innova)

0.000

0.020

0.078

HDFC Car Loan (Verna)

0.000

0.015

0.075

Hypothecation Toyota Innova Car

0.392

0.000

0.000

Hypothecation Polo Car

0.142

0.000

0.000

Hypothecation Passat Car

0.648

0.000

0.000

Total

1.182

0.035

0.153

 

 

 

 

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2013

31.03.2012

Net Profit Margin


(PAT / Sales)

(%)

0.56

0.49

0.36

 

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

(%)

2.50

2.31

2.32

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.53

1.93

1.27

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.15

0.11

0.06

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.33

1.51

1.55

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.34

1.39

1.58

 

 

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

7.507

7.507

7.507

Reserves & Surplus

25.948

28.871

33.164

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

33.455

36.378

40.671

 

 

 

 

long-term borrowings

28.485

33.397

29.364

Short term borrowings

23.160

21.508

23.615

Current maturities of long-term debts

0.153

0.035

1.182

Total borrowings

51.798

54.940

54.161

Debt/Equity ratio

1.548

1.510

1.332

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

369.031

602.382

773.270

 

 

63.233

28.369

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

369.031

602.382

773.270

Profit

1.326

2.923

4.292

 

0.36%

0.49%

0.56%

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

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

Yes

26

Turnover of firm for last four 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

 

NOTE: Registered office of the company has been shifted from 302, Adityanr Mithakali Six Road, Navrangpur, Ahmedabad – 380009, Gujarat, India to the present address w.e.f. 01.06.2011

 

UNSECURED DETAILS

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and Advances from related parties

 

 

Tarachand B Agarwal

5.455

7.550

Hasmukha T Agarwal

3.621

7.382

Anju H Agarwal

1.457

0.886

Sumitra T Agarwal

5.329

6.446

Aneri H Agarwal

0.695

0.155

Hasmukha T Agarwal HUF

0.275

0.264

Sitaben R Agarwal

1.666

1.665

Tarachand B Agarwal – HUF

0.896

0.680

Neetaben M Agarwal

1.111

1.111

Santraben G Agarwal

1.111

1.111

Jainam H Agarwal

5.587

1.380

Loans and advances from others

0.000

0.295

Kaira Software Private Limited

1.940

1.887

Total

29.143

30.812

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10511309

31/07/2015 *

240,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ
ARAT - 390015, INDIA

C61465035

 

FIXED ASSETS

 

 

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.65.22

UK Pound

1

Rs.102.23

Euro

1

Rs.72.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

3

--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

 

--

 

 

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.