MIRA INFORM REPORT

 

 

Report No. :

354812

Report Date :

14.12.2015

 

IDENTIFICATION DETAILS

 

Name :

TIRUPATI IRON IMPEX PRIVATE LIMITED

 

 

Registered Office :

Office No. 901, 9th Floor, Lodha Supremus,  Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra

Mobile No.:

91-9323131063 (Mr. Manoj Kumar Gupta)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

23.09.2005

 

 

Com. Reg. No.:

11-156397

 

 

Capital Investment / Paid-up Capital :

Rs. 24.050 Million

 

 

CIN No.:

[Company Identification No.]

U51420MH2005PTC156397

 

 

IEC No.:

0305055038

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCT3064G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of ferrous and non-ferrous metal. (Confirmed by management)

 

 

No. of Employees :

25 (Approximately) (In Office: 14 + In Branch 11)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

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 was incorporated in the year 2005 and it is engaged in the trading of iron, steel and other allied products like Hot Rolled (HR) coils, HR plates, Cold Rolled (CR) coils, angles, beams, channels, pipes among others which has wide application in the EPC, engineering, auto ancillaries, capital goods and other manufacturing industries.

 

For the financial year ended 2015, the company has reported growth of 45.08% in its revenue and reported average profit margin at 1.44% during the year under review.

 

Rating continue to derive strength from long experience of the promoter in the steel trading business supported by company’s established track record of business operations along with its average financial base and moderate debt coverage indicators. 

 

However, rating strength is partially offset by relatively trading nature of business operations marked by its moderately leveraged capital structure along with working capital intensive nature of operations and cyclical nature of the sector.

 

Payment terms are reported to be slow but correct.

 

In view of aforesaid, 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

CARE

Rating

Cash credit limits: BB+

Rating Explanation

Inadequate credit quality and high credit risk.

Date

08.12.2015

 

Rating Agency Name

CARE

Rating

Short term bank facilities: A4+

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

08.12.2015

 

 

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. Amith Kumar Jain

Designation :

Chief Executive Officer

Contact No.:

91-9320313151

Date :

11.12.2015

 

 

LOCATIONS

 

Registered Office :

Office No. 901, 9th Floor, Lodha Supremus,  Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-23483840

Mobile No.:

91-9323131063 (Mr. Manoj Kumar Gupta)

Fax No.:

91-22-24934065

E-Mail :

info@tiipl.com

amith@tiipl.com

Website :

www.tiipl.com

Location:

Owned

 

 

Branch Office:

  • No-5 and 6, 2nd Cross Road, Nrupthunga Road, Behind Petrol Bunk, Om Road, Battatahalli, Virgonagar, Post- Bangalore-560049, Karnataka, India

 

  • Plot No. 5-1-526, off. no. 5, 1st Floor Sanmati Enclave Jambagh, Hyderabad-500095, Telangana, India

 

  • E-32, Liyaqat Market, New Kabadkhana, Bhopal-462018, Madhya Pradesh, India

 

  • Qtr. No. C-2, 1st Floor, Samta Colony, Raipur-492001, Chhattisgarh, India

 

  • Basement, Gulab Bhavan, Hira Manek Nisheri Nanpura, Surat-395001, Gujarat, India

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Vikas Jain

Designation :

Director

Address :

701,  A Wing Poonam Apartment, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

01.04.1981

Qualification:         

MBA

Experience:

9 Years

Date of Appointment :

28.09.2006

DIN No.:

00403825

PAN No.:

AFAPJ3231K

 

 

Name :

Mr. Pradeep Kumar Jain

Designation :

Director

Address :

15 2 752, Osmangunj, Hyderabad – 500015, Andhra Pradesh, India

Date of Birth/Age :

31.05.1966

Qualification:         

B.Com

Experience:

19 Years

Date of Appointment :

18.11.2005

DIN No.:

01377115

PAN No.:

ABAPJ3572H

 

 

Name :

Mr. Manoj Kumar Gupta

Designation :

Director

Address :

Paras Lakeviw Bangla No. 2, PNB Colony Idgah Hills, Bhopal – 462001, Madhya Pradesh, India

Date of Birth/Age :

30.07.1980

Qualification:         

B.Com

Experience:

15 Years

Date of Appointment :

18.11.2005

DIN No.:

01461225

PAN No.:

AFZPG1151L

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Names of Shareholders

 

No. of Shares

Pradeep Kumar Jain

 

1008000

Vikas Jain

 

136500

Manoj Kumar Gupta

 

777000

Shyam Sunder Gupta

 

367500

Others

 

116000

Total

 

2405000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

95.18

Other top fifty shareholders

4.82

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of ferrous and non-ferrous metal.( Confirmed by management)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling Terms:

L/C (90 Days)

 

 

Purchasing Terms:

L/C (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 :

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 :

25 (Approximately) (In Office: 14 + In Branch 11)

 

 

Bankers :
  • Oriental Bank of Commerce, Prabhadevi Branch, Aman Chambers, 1st Floor, Veer, Savarkar Marg, Opposite New Passport Office, Prabhadevi, Mumbai - 400025, Maharashtra, India

Tel No.; 91-22-43434655 (Continuously Ringing)

  • Union Bank of India, Goregaon (East) Branch, Shri Sadan, Shantaben Estate, Goregaon (East), Mumbai-400063, Maharashtra, India

Tel No.; 91-22-26864325/26862835/26862616 (Continuously Ringing)

 

 

Banker Name

Punjab Notational Bank

Branch Address

Foreshore Road Branch, 1st Floor, Raheja Chembers, Nariman Point, Mumbai - 400021, 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)

Cash Credit: 160.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Cash Credit:

 

  • Rs. 130.000 Million (From Oriental Bank of Commerce)
  • Rs. 160.000 Million (From Union Bank of India)

 

(Rs. In Million)

SECURED LOAN

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Rupee term loans from banks

NA

45.473

SHORT TERM BORROWING

 

 

Term loans from banks

NA

119.938

Total

NA

165.411

 

Financial Institute:

3i Infotech Trusteeship Services Limited, 3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India

 

 

Auditors :

 

Name :

Jain V. and Company

Chartered Accountants

Address :

25/31 Dr AM Road, Lalmani Building, 3rd Floor, Room No 11, Bhuleshwar-400002, Orissa, India

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

AAIFJ3493Q

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concerns:

OM Tirupati Paper Products

Address: 5-1-526, off. no. 1 and 2, 1st Floor Sanmati Enclave Jambagh, Hyderabad-500095, Telangana, India

Line of Business: Paper and Paper Product.

 

Tirupati Iron India Private Limited

 Address: E-32, Liyakat Market, New Kabadkhana, Bhopal- 462018, Madhya Pradesh, India

Line of Business: Iron and Steel Product

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs. 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2405000

Equity Shares

Rs.10/- each

Rs. 24.050 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

24.050

24.050

24.050

(b) Reserves & Surplus

152.350

121.629

99.153

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

10.000

Total Shareholders’ Funds (1) + (2)

176.400

145.679

133.203

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

237.646

160.709

132.637

(b) Deferred tax liabilities (Net)

0.317

0.284

0.300

(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)

237.963

160.993

132.937

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

186.890

119.938

38.574

(b) Trade payables

581.279

472.824

355.158

(c) Other current liabilities

4.000

1.000

1.000

(d) Short-term provisions

17.422

40.446

27.756

Total Current Liabilities (4)

789.591

634.208

422.488

 

 

 

 

TOTAL

1203.954

940.880

688.628

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

16.266

18.213

20.606

(ii) Intangible Assets

0.005

0.009

0.015

(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

0.500

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

105.591

72.176

65.486

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

122.362

90.398

86.107

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.336

0.336

0.336

(b) Inventories

194.143

139.696

101.808

(c) Trade receivables

776.304

607.956

412.851

(d) Cash and cash equivalents

52.037

28.354

21.614

(e) Short-term loans and advances

58.772

74.140

65.912

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1081.592

850.482

602.521

 

 

 

 

TOTAL

1203.954

940.880

688.628

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

2120.695

1461.548

1129.906

 

Other Income

6.799

4.664

3.032

 

TOTAL (A)

2127.494

1466.212

1132.938

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

2028.668

1388.435

1065.923

 

Employees benefits expense

9.782

10.662

8.820

 

Administrative expenses

5.957

5.817

6.210

 

TOTAL (B)

2044.407

1404.914

1080.953

 

 

 

 

 

Less

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

83.087

61.298

51.985

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

32.924

23.700

16.454

 

 

 

 

 

 

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

50.163

37.598

35.531

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

1.988

2.448

3.000

 

 

 

 

 

 

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

48.175

35.150

32.531

 

 

 

 

 

Less

TAX (H)

17.454

12.673

10.944

 

 

 

 

 

 

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

30.721

22.477

21.587

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

12.77

9.35

8.98

 

 

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 (used in) operations

(58.535)

2.330

(1.217)

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

1.45

1.54

1.91

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.92

4.19

4.60

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.00

3.74

4.72

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.27

0.24

0.24

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.41

1.93

1.29

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.37

1.34

1.43

 

 

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

24.050

24.050

24.050

Reserves & Surplus

99.153

121.629

152.350

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

10.000

0.000

0.000

Net worth

133.203

145.679

176.400

 

 

 

 

long-term borrowings

132.637

160.709

237.646

Short term borrowings

38.574

119.938

186.890

Total borrowings

171.211

280.647

424.536

Debt/Equity ratio

1.285

1.926

2.407

 

 

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

1129.906

1461.548

2120.695

 

 

29.351

45.099

 

 

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

1129.906

1461.548

2120.695

Profit

21.587

22.477

30.721

 

1.91%

1.54%

1.45%

 

 

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

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

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

Yes

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 G-16, Ground Floor, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address

 

UNSECURED DETAILS

 

(Rs. In Million)

Particulars

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Term loans from banks

NA

3.000

Loans and advances from related parties

NA

102.236

Other loans and advances, others

NA

10.000

Total

NA

115.236

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10601136

12/10/2015

5,000,000.00

UNION BANK OF INDIA

SHRI SADAN, SHANTABEN ESTATE, GOREGAON EAST, MUMB
AI, MAHARASHTRA - 400063, INDIA

C69433209

2

10588881

28/08/2015

10,000,000.00

PUNJAB NATIONAL BANK

FORESHORE ROAD BRANCH,, 1ST FLOOR, RAHEJA CHEMBER
S, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, IN
DIA

C62867999

3

10551826

10/02/2015

160,000,000.00

UNION BANK OF INDIA

SHRI SADAN, SHANTABEN ESTATE,, GOREGAON EAST, MUM
BAI, MAHARASHTRA - 400063, INDIA

C44958502

4

10507964

04/02/2014

57,242,692.00

ICICI BANK LIMITED

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

C10461622

5

10454666

16/09/2013

160,000,000.00

PUNJAB NATIONAL BANK

FORESHORE ROAD BRANCH,, 1ST FLOOR, RAHEJA CHEMBER
S, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, IN
DIA

B87388526

6

10156558

23/02/2013 *

135,000,000.00

ORIENTAL BANK OF COMMERCE

PRABHADEVI BRANCH, AMAN CHAMBERS, 1ST FLOOR,VEER,
SAVARKAR MARG,OPP. NEW PASSPORT OFFICE, PRABHADEV
I, MUMBAI, MAHARASHTRA - 400025, INDIA

B69871309

* Date of charge modification

FIXED ASSETS

 

Tangible assets

 

 

Intangible 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.66.79

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

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

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--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

 

42

 

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.