MIRA INFORM REPORT

 

 

Report No. :

354224

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ELAN PROFESSIONAL APPLIANCES PRIVATE LIMITED

 

 

Registered Office :

1/3, Hamelia Street, Vatika City, Sohna Road, Gurgaon – 122018, Haryana

Tel. No.:

91-11-31303166

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

19.05.2009

 

 

Com. Reg. No.:

05-039104

 

 

Capital Investment / Paid-up Capital :

Rs. 17.285 Million

 

 

CIN No.:

[Company Identification No.]

U52310HR2009PTC039104

 

 

IEC No.:

0509023711

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RTKE01215E

 

 

PAN No.:

[Permanent Account No.]

AACCE1748C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of Medical Sterilizers Autoclaves and Kitchen Refrigerators. (Confirmed by management )

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (52)

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

Maximum Credit Limit :

USD 400000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2009 having good track.

 

 

The company possesses sound financial risk profile marked by healthy net worth base with negligible debt recorded and favourable gap between trade payables and trade receivables.

 

The rating also takes into consideration good profit margin the company.

 

Trade relations are reported as fair. Business is active. Payment terms are reported as regular and as per commitments.

 

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

 

NOTES:

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

 

 

ECGC Country Risk Classification List – 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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Sanjeev Goel

Designation :

Senior Officer Accounts

Contact No.:

91-11-31303166

Date :

10.12.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

1/3, Hamelia Street, Vatika City, Sohna Road, Gurgaon – 122018, Haryana, India

Tel. No.:

91-11-31303166

Fax No.:

Not Available

E-Mail :

accounts.ncr1@elanpro.net

sanjayjain2k@gmail.com

Website :

http://www.elanpro.net

Location :

Rented

Locality :

Commercial

 

 

Corporate Office 1 :

645/2, Ram Farm, Near New Coco Cola Godown, Zero Road, Ghitorni, New Delhi – 110030, India

Tel. No.:

91-11-26502532

E-Mail :

info@elanpro.net

 

 

Corporate Office 2:

148, IInd Floor, 2nd Main, Kasturi Nagar, Banglore - 560043, Karnataka, India

Tel. No.:

91 80 41638274

Fax No.:

91 80 41638274

 

 

Branch Office:

C-95, KSSIDC Industrial Area, Devasandra Mahadevapura Post, Bangalore – 560048, Karnataka, India

Tel. No.:

91-80-41638274

 

 

Service Network:

Located at

 

  • Mumbai
  • Chennai
  • Bangalore
  • Ahmedabad
  • Lucknow
  • Rajasthan

 

 

DIRECTORS

 

As on: 31.03.2015

 

Name :

Mr. Sanjay Jain

Designation :

Director

Address :

1/3, Hamelia Street, Vatika City, Sohna Road, Gurgaon – 122018, Haryana

Date of Birth/Age :

22.12.1968

Date of Appointment :

19.05.2009

DIN No.:

00112119

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

U29191HR2004PTC037804

ZEBRA INNOVATIONS PRIVATE LIMITED

Director

01/06/2004

01/06/2004

11/09/2009

Active

NO

2

U30005HR2007PTC037249

KOLDSTONE REFRIGERATION PRIVATE LIMITED

Director

25/09/2007

25/09/2007

-

Active

NO

3

U52310HR2009PTC039104

ELAN PROFESSIONAL APPLIANCES PRIVATE LIMITED

Director

19/05/2009

19/05/2009

-

Active

NO

4

U74300HR2007PTC037104

GOKUL COMMUNICATIONS PRIVATE LIMITED

Director

30/09/2010

28/08/2009

-

Active

NO

 

 

Name :

Mr. Shashank Joshi

Designation :

Director

Address :

House No. 1101, Block-3, Escape Sector 50, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

31.08.1967

Date of Appointment :

19.05.2009

DIN No.:

00267458

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

U29191HR2004PTC037804

ZEBRA INNOVATIONS PRIVATE LIMITED

Director

24/05/2006

24/05/2006

11/09/2009

Active

NO

2

U30005HR2007PTC037249

KOLDSTONE REFRIGERATION PRIVATE LIMITED

Director

25/09/2007

25/09/2007

-

Active

NO

3

U52310HR2009PTC039104

ELAN PROFESSIONAL APPLIANCES PRIVATE LIMITED

Director

19/05/2009

19/05/2009

-

Active

NO

4

U74300HR2007PTC037104

GOKUL COMMUNICATIONS PRIVATE LIMITED

Director

30/09/2010

28/08/2009

-

Active

NO

 

 

Name :

Mrs. Ranjan Jain

Designation :

Director

Address :

A 201, Aishwarya Lake View, 6th Cross, Kagdaspura, C V Raman Nagar, Bangalore – 560093, Karnataka, India

Date of Birth/Age :

04.12.1966

Date of Appointment :

30.09.2010

DIN No.:

02718750

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

U52310HR2009PTC039104

ELAN PROFESSIONAL APPLIANCES PRIVATE LIMITED

Director

30/09/2010

30/07/2009

-

Active

NO

 

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjeev Goel

Designation :

Senior Officer Accounts

 

 

Name :

Sanjeev Kumar Bhatia

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 31.03.2015

 

Names of Shareholders

 

No. of Shares

Sanjay Jain

 

499333

Shashank Joshi

 

499334

Praveen S

 

33000

Ranjan Jain

 

499333

N.Shanmuga Sundaram

 

100000

Vipin Sethi

 

82500

Rakesh Chandra

 

15000

 

 

 

Total

 

1728500

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 02.09.2014

 

Category

Percentage

Directors or relatives of Directors

86.67

Other top fifty shareholders

13.33

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Medical Sterilizers Autoclaves and Kitchen Refrigerators. (Confirmed by management )

 

 

Products :
  • Professional Kitchen Refrigeration
  • Room Refrigeration
  • Bar Refrigeration
  • Coffee
  • Retail Refrigeration
  • Bio Medical Refrigeration

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Raw Material

Countries :
  • China
  • United States of America
  • Italy
  • Turkey

 

 

Terms :

 

Selling :

Cash, L/C  and Credit (30/ 60 Days)

 

 

Purchasing :

Cash, L/C  and Credit (30/ 60 Days)

 

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

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference :

Not Divulged

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 :

100 (Approximately)

 

 

Bankers :

Banker Name

Citi Bank N. A

Branch Address

DLF Square, M Block, Jacaranda Marg, DLF City Phase II, Gurgaon-122002, Haryana, India

Person Name (With Designation)

Not Divulged

Contact Number

91-124-4893918 (Continuously Ringing)

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

 

  • HDFC Bank
  • Yes Bank
  • Axis Bank, Corporate Banking Branch, II Floor, ‘Express Building', Queen's Road, Bangalore - 560001, Karnataka, India

 

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Yes Bank

0.000

16.918

Axis Bank Car Loan

0.540

0.750

HDFC Bank Car Loan

2.258

1.436

 

 

 

Total

2.798

19.104

 

 

 

Auditors :

 

Name :

BAS Associates

Chartered Accountants

Address :

Shop No.9, Old Palam, Gurgaon Road, Opposite Police Station, New Delhi – 110037, India

Tel. No:

91-11-25066306 / 25062019

E-Mail:

bas9900@gmail.com

PAN No.:

AADFB4161G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2500000

Equity Shares

Rs.10/- each

Rs. 25.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1728500

Equity Shares

Rs.10/- each

Rs. 17.285 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

17.285

17.285

17.285

(b) Reserves & Surplus

122.729

67.989

41.685

(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)

140.014

85.274

58.970

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.798

19.104

22.459

(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)

2.798

19.104

22.459

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

53.786

37.150

85.364

(c) Other current liabilities

39.127

19.399

16.770

(d) Short-term provisions

29.072

15.939

12.061

Total Current Liabilities (4)

121.985

72.488

114.195

 

 

 

 

TOTAL

264.797

176.866

195.624

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5.494

5.097

4.556

(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

71.797

0.000

0.000

(c) Deferred tax assets (net)

0.476

0.078

0.051

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.038

Total Non-Current Assets

77.767

5.175

4.645

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

60.526

54.195

76.084

(c) Trade receivables

75.055

54.378

75.120

(d) Cash and cash equivalents

12.992

14.440

1.064

(e) Short-term loans and advances

38.457

48.678

38.711

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

187.030

171.691

190.979

 

 

 

 

TOTAL

264.797

176.866

195.624

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

income/ Turnover 

927.587

726.097

629.300

 

 

Other Income

5.843

5.696

NA

 

 

TOTAL                                     (A)

933.430

731.793

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

739.175

576.534

 

 

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

(6.330)

21.890

 

 

 

Employees benefits expense

34.665

29.054

 

 

 

Other expenses

73.243

51.948

 

 

 

TOTAL                                     (B)

840.753

679.426

NA

 

 

 

 

 

 

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

92.677

52.367

 

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.363

2.538

 

 

 

 

 

 

 

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

92.314

49.829

 

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

2.439

1.420

 

 

 

 

 

 

 

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

89.875

48.409

37.000

 

 

 

 

 

Less

TAX                                                                  (H)

28.674

15.912

12.198

 

 

 

 

 

 

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

61.201

32.497

24.802

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

8.779

6.588

5.635

 

 

 

 

 

 

Earnings Per Share (Rs.)

35.41

18.80

14.35

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net Cash flows from operating activities

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

6.60

4.48

NA

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

9.99

7.21

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

46.68

27.38

18.92

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.64

0.57

0.63

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.02

0.22

0.38

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.53

2.37

1.67

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

17.285

17.285

17.285

Reserves & Surplus

41.685

67.989

122.729

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

58.970

85.274

140.014

 

 

 

 

long-term borrowings

22.459

19.104

2.798

Short term borrowings

0.000

0.000

0.000

Total borrowings

22.459

19.104

2.798

Debt/Equity ratio

0.381

0.224

0.020

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales/ Turnover 

629.300

726.097

927.587

 

 

15.382

27.750

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales/ Turnover 

629.300

726.097

927.587

Profit

24.802

32.497

61.201

 

3.94%

4.48%

6.60%

 

 

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)

Yes

16

No. of employees

Yes

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

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

 

 

Note:

 

Registered Office of the company has been shifted from “S-201, Uppal South End, Sohna Road, Behind Omaxe Mall Gurgaon – 122018, Haryana, India” to the present address.

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10357811

11/02/2014 *

53,000,000.00

Citibank N.A

DLF SQUARE, M BLOCK, JACARANDA MARG, DLF CITY PHASE II, GURGAON – 122002, HARYANA, INDIA

B95887006

 

FIXED ASSETS:

 

  • Car
  • Computer
  • Computer Software
  • Air Conditioner
  • Mobile Phone
  • Inverter and Battery
  • Office Equipment
  • Printer and Scanner
  • Refrigerator
  • Desert Cooler
  • Digital Cooler
  • Batteries
  • Furniture and Fixture
  • Generator Set
  • Hand Place and Manual Stacker

 

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.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

KRN

 

 

Report Prepared by :

MTN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-52

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

 

52

 

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.