MIRA INFORM REPORT

 

 

Report No. :

337650

Report Date :

22.08.2015

 

IDENTIFICATION DETAILS

 

Name :

EASTERN ELCTRODES AND COKE PRIVATE LIMITED

 

 

Registered Office :

97C, Harish Mukherjee Road, 3rd Floor, Above Auto Junction, P. S. – Bhawanipur, Kolkata-700026, West Bengal

Tel. No.:

91- 33-22682935

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

31.05.2015

 

 

Com. Reg. No.:

21-109696

 

 

Capital Investment / Paid-up Capital :

Rs. 6.773 Million

 

 

CIN No.:

[Company Identification No.]

U23101WB2006PTC109696

 

 

IEC No.:

0208019995

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALE02920B

 

 

PAN No.:

[Permanent Account No.]

AABCE6753A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of Electrode Carbon Paste, Tamping Paste or Linning Paste and Other Carbon Derivatives.

 

 

No. of Employees :

76 (Approximately) (In Office: 6, In Factory: 70)

 

 

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

 

Maximum Credit Limit :

USD 106000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

Rating takes into consideration sound financial risk profile of the company marked by adequate networth base and comfortable gearing in FY14.

 

Further company has performed operationally well in FY 14 marked by increasing revenue base along with fair profit margin in the year under consideration.

 

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

 

The company can be considered for business dealings with usual trade terms and conditions.

 

 

 

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 (GENERAL DETAILS)

 

Name :

Mr. Sandeep Jain

Designation :

Director

Contact No.:

91-9831165326

Date :

20.08.2015

 

 

 

 

LOCATIONS

 

Registered/ Corporate Office :

97C, Harish Mukherjee Road, 3rd Floor, Above Auto Junction, P. S. – Bhawanipur, Kolkata-700026, West Bengal, India

Tel. No.:

91- 33-22682935/ 40636081

Mobile No.:

91-9831165326/  9831165320 (Mr. Sandeep Jain)

Fax No.:

91-33-24865887

E-Mail :

m_k121@rediffmail.com

sandeep@easterncoke.co.in

info@easterncoke.com

Website :

http://www.easterncoke.co.in

Area :

750 Sq. Ft

Location :

Rented

 

 

Factory :

Madaigunj Road, Po + Village: Sarpi, Durgapur-711363, Burdwan,
West Bengal, India

Tel. No.:

91-341-2672391

Fax No.:

91-341-2672391

E-Mail :

info@easterncoke.com

Area :

1440000 Sq. Ft

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Sandeep Jain

Designation :

Director

Address :

Aparna Apartment, 22B, School Row, Bhawanipur, Kolkata-700025, West Bengal, India

Date of Birth/Age :

17.05.1979

Qualification :

MBA (Finance)

Experience :

10 Years

Date of Appointment :

31.05.2006

Voter ID No.:

HZG1071745

DIN No.:

00938643

 

 

Name :

Mr. Bachh Raj Jain

Designation :

Director

Address :

22B, School Row, 2nd Floor, Bhawanipur, Kolkata-700025, West Bengal, India

Date of Birth/Age :

02.02.1955

Qualification :

B. Com

Experience :

40 Years

Date of Appointment :

15.05.2009

Voter ID No.:

HZG1074442

DIN No.:

02661916

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

Company/ LLP Status

Defaulting status

1

U23101WB2006PTC109696

EASTERN ELECTRODES AND COKE PRIVATE LIMITED

Director

15-05-2009

15-05-2009

Active

NO

2

U52100GJ2011PTC066046

GUJARAT CALCINER PRIVATE LIMITED

Director

24-06-2011

24-06-2011

Strike off

NO

 

 

Name :

Mr. Devendra Kumar Singhi

Designation :

Director

Address :

Uma Lok, 2nd Floor, 6, Deshbandhu Road (East), Kolkata-700035, West Bengal, India

Date of Birth/Age :

14.05.1969

Qualification :

B. Com

Experience :

12 Years

Date of Appointment :

31.05.2006

Voter ID No.:

ATOPS8809C

DIN No.:

01011959

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

Company/ LLP Status

Defaulting status

1

U23101WB2006PTC109696

EASTERN ELECTRODES AND COKE PRIVATE LIMITED

Director

31-05-2006

31-05-2006

Active

NO

2

U63040WB2011PTC170455

SURBHI HOLIDAYS PRIVATE LIMITED

Director

08-12-2011

08-12-2011

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

Sandeep Jain

53500

Devendra Kumar Singhi

21000

Sohom Hazra

2000

Sangeeta Odeka

100

Motilal Odeka

100

Bajrang Lal Singhi

50100

Madhu Singhi

10100

Sumerlal Singhi

100

Phool Devi Singhi

100

B. L. Singhi (HUF)

100

S. M. Singhi (HUF)

100

Sudha Singhi

100

D. K. Singhi (HUF)

100

Kanchan Singh Jain

10400

Santosh Jain

10400

Bachhraj Jain (HUF)

10100

Bachhraj Jain

50100

Minu Jain

10100

Murlidhar Upadhaya

10100

Hemant Kumar Upadhaya

5100

Archana Upadhaya

2100

Krishna Jain

10400

Mohan Lal Joshi

6000

Budheshwar Marchants Private Limited, India

100000

Paragon Overseas Limited, India

315000

Total

677300

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

28.00

Directors or relatives of directors

68.00

Other top fifty shareholders

4.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Electrode Carbon Paste, Tamping Paste or Linning Paste and Other Carbon Derivatives.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Finished Goods

Countries :

Middle East

 

 

Imports :

 

Products :

Calcined Petroleum Coke and Coal Tar Pitch

Countries :

·         China

·         Egypt

 

 

Terms :

 

Selling :

L/C (60 days)

 

 

Purchasing :

Cash

 

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

 

·         Neptune Hydro Carbons Private Limited, Kolkata, West Bengal, India

·         Premier Industries, Barauni, Bihar

 

 

Customers :

End Users

 

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

 

·         Prakash Industries Limited, Chhattisgarh

·         Rohit Ferrotech Limited, Kolkata, West Bengal, India

 

 

No. of Employees :

76 (Approximately) (In Office: 6, In Factory: 70)

 

 

Bankers :

Bank Name:

Indusind Bank Limited

Branch:

R.N. Mukherjee Road, Kolkata, West Bengal, 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. 50.000 Million

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         State Bank of Hyderabad

Lansdowne Branch, 53, Sarat Bose Road, Kolkata -700025, West Bengal, India

 

·         Canara Bank

21, Camac Street, Bells House, Ground Floor, Kolkata-700016, West Bengal, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan from State Bank of

Hyderabad, Landsdowne Branch against Hypothecation of Plant and Machinery and Other Fixed Assets.

2.607

5.563

Cash Credit from State Bank of Hyderabad, Landsdowne Branch, against Hypothecation of Raw Materials and Sundry Debtors.

39.182

31.209

HDFC Finance (Motor Car)

0.369

0.000

 

42.158

36.772

Total

42.158

36.772

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Mahendra Sethia and Company

Chartered Accountants

Address :

121, NETAJI SUBHAS ROAD, 4TH FLOOR, ROOM NO.- 39, KOLKATA-700001, West Bengal, iNDIA

Tel. No.:

91-33-22882935

E-Mail :

m_k121@rediffmail.com

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

AYIPB8195P

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Related Parties :

·         Paragon Overseas Private Limited

 

 

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

 

 

 

 

677300

Equity Shares

Rs. 10/- each

Rs. 6.773 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

6.773

6.773

6.773

(b) Reserves & Surplus

30.483

28.077

26.254

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

1.005

1.000

Total Shareholders’ Funds (1) + (2)

37.256

35.855

34.027

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

56.077

54.107

39.470

(b) Deferred tax liabilities (Net)

0.404

0.448

0.341

(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)

56.481

54.555

39.811

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

37.349

21.770

10.990

(c) Other current liabilities

4.959

3.638

2.910

(d) Short-term provisions

1.236

0.779

0.965

Total Current Liabilities (4)

43.544

26.187

14.865

 

 

 

 

TOTAL

137.281

116.597

88.703

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

19.987

20.704

20.666

(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

0.014

0.014

0.014

(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

3.719

4.158

4.817

Total Non-Current Assets

23.720

24.876

25.497

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

30.932

33.740

32.504

(c) Trade receivables

65.135

40.915

21.948

(d) Cash and cash equivalents

5.693

11.223

1.274

(e) Short-term loans and advances

11.801

5.843

7.480

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

113.561

91.721

63.206

 

 

 

 

TOTAL

137.281

116.597

88.703

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

217.603

148.715

125.886

 

 

Other Income

3.338

3.380

0.370

 

 

TOTAL                                     (A)

220.941

152.095

126.256

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

176.590

119.348

82.647

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.582

(1.748)

18.887

 

 

Employees benefits expense

3.877

2.590

1.749

 

 

Other expenses

28.708

22.236

13.617

 

 

TOTAL                                     (B)

209.757

142.426

116.900

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

11.184

9.669

9.356

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

4.950

4.283

4.610

 

 

 

 

 

 

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

6.234

5.386

4.746

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.764

2.544

2.428

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

3.470

2.842

2.318

 

 

 

 

 

Less

TAX                                                                  (H)

1.100

0.886

0.719

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

2.370

1.956

1.599

 

 

 

 

 

 

Earnings Per Share (Rs.)

3.50

2.89

4.21

 

 

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 Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

1.09

1.32

1.27

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

5.14

6.50

7.43

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.53

2.44

2.61

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.09

0.08

0.07

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.51

1.51

1.16

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.61

3.50

4.25

 

 

 

 

 

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

6.773

6.773

6.773

Reserves & Surplus

26.254

28.077

30.483

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

1.000

1.005

0.000

Net worth

34.027

35.855

37.256

 

 

 

 

Long-term borrowings

39.470

54.107

56.077

Short term borrowings

0.000

0.000

0.000

Total borrowings

39.470

54.107

56.077

Debt/Equity ratio

1.160

1.509

1.505

 

 

 

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

125.886

148.715

217.603

 

 

18.135

46.322

 

 

 

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

125.886

148.715

217.603

Profit

1.599

1.956

2.370

 

1.27%

1.32%

1.09%

 

 


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

Yes

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

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 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

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

10548659

13/02/2015 *

50,000,000.00

INDUSIND BANK LIMITED

SAVITRI TOWER, 3A UPPER WOOD STREET, KOLKATA- 700017, WEST BENGAL, INDIA

C44561900

2

10548658

03/12/2014

30,000,000.00

INDUSIND BANK LIMITED

SAVITRI TOWER, 3A UPPER WOOD STREET, KOLKATA- 700017, WES
T BENGAL, INDIA

C43334242

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Corporate Bodies

1.154

2.707

Directors

5.882

5.729

Others

6.883

7.899

 

 

 

Total

13.919

16.335

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from 121 Netaji Subash Road, 4th Floor, Room No 37, Kolkata-700001, West Bengal, India to the present address w.e.f 01.06.2009

 

 

FIXED ASSETS:

 

Tangible Assets

 

·         Plant and Machinery

·         Furniture and Fixtures

·         Office Equipment

·         Computer

·         Electrical Installation

 

 

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. 65.83

UK Pound

1

 Rs.103.39

Euro

1

Rs. 74.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

IND

 

 

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

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--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

 

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.