MIRA INFORM REPORT

 

 

Report No. :

355252

Report Date :

16.12.2015

 

IDENTIFICATION DETAILS

 

Name :

SEAROCK INTERNATIONAL PRIVATE LIMITED(w.e.f. 24.12.2012)

 

 

Formerly Known As :

TRUE VALUE BIOTECH PRIVATE LIMITED (w.e.f. 06.09.2007)

 

NEWS HOMES PRIVATE LIMITED (CN) (w.e.f. 04.09.2006)

 

DEBAJ EXPORT PRIVATE LIMITED

 

 

Registered Office :

109, Trinity Building,1st Floor, S.S. Gaikwad Marg, Dhobi Talao, Marine Lines, Mumbai – 400002, Maharashtra

Mobile No.:

91-9892243229 (Mr. Prasannmukh C Dhawan)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

23.11.2000

 

 

Com. Reg. No.:

11-129722

 

 

Capital Investment / Paid-up Capital :

Rs.1.000 Million

 

 

CIN No.:

[Company Identification No.]

U51109MH2000PTC129722

 

 

IEC No.:

0300058578

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS80247G

 

 

PAN No.:

[Permanent Account No.]

AAACL6105E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of minerals, coals, iron ore etc.  (Confirmed by management)

 

 

No. of Employees :

12 (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 incorporated in the year 2000, having satisfactory track.

 

The ratings takes into consideration significant increase in the sales turnover in the year 2015. However, the profit has declined over previous year. Further, the company has reported adequate networth base along with comfortable debt level in the year under consideration.

 

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

 

In view of aforesaid, the company can be considered for business dealings with 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 (GENERAL DETAILS)

 

Name :

Mr. Prasannmukh C Dhawan

Designation :

Senior Manager

Contact No.:

91-9892243229

Date :

15.12.2015

 

 

LOCATIONS

 

Registered Office / Head Office:

109, Trinity Building,1st Floor, S.S. Gaikwad Marg, Dhobi Talao, Marine Lines, Mumbai – 400002, Maharashtra, India

Tel. No.:

Not Available

Mobile No.:

91-9867642684 (Mr. Dheeraj)

91-9892243229 (Mr. Prasannmukh C Dhawan)

Fax No.:

Not Available

E-Mail :

info@cadhiraj.com

amit@sripl.in

Website:

www.sripl.in

Location:

Leased

Locality:

Commercial

 

 

 

 

Branch Office:

Mangalore, Karnataka, India

 

 

Corporate Office:

213/A, Dynasty Business Park, Andheri Kurla Road, Mumbai – 400059, Maharashtra, India

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Ms. Sonia Dhiraj Khandelwal

Designation :

Director

Address :

1805/6, Shivalik Tower CHSL, 90 F. Road, Thakur Complex, Kandivali (East), Mumbai, 400101, Maharashtra, INDIA

Date of Birth/Age :

25.07.1975

Date of Appointment :

07.12.2010

DIN No.:

00078082

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

U67200MH2004PTC146521

TRUE VALUE SERVICES PRIVATE LIMITED

Director

25-05-04

25-05-04

02-04-10

Active

NO

2

U55101MH2004PTC144120

SPARK RESTAURANTEURS PRIVATE LIMITED

Director

01-12-05

01-12-05

03-10-08

Active

NO

3

U72900MH2005PTC154777

Cross Border Synergy India Private Limited

Additional director

13-09-10

13-09-10

-

Active

NO

4

U65990MH2007PTC169516

HARNESS FINANCIAL SERVICES PRIVATE LIMITED

Director

01-11-10

01-11-10

-

Active

NO

5

U51109MH2000PTC129722

SEAROCK INTERNATIONAL PRIVATE LIMITED

Director

07-12-10

07-12-10

-

Active

NO

6

U55101MH2011PTC213929

ELPIS RESTAURANTS PRIVATE LIMITED

Director

23-02-11

23-02-11

-

Active

NO

7

AAD-0529

DSA LOGISTICS LLP

Designated Partner

15-12-14

15-12-14

-

Active

NO

 

 

Name :

Mr. Amit Sharma

Designation :

Director

Address :

B-359, R.K. Colony, Bhilwara - 311001, Rajasthan, India

Date of Appointment :

01.03.2014

DIN No.:

02954558

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

U74140RJ2010PTC032023

GRASS ROUTE ADVISORS PRIVATE LIMITED

Director

04-06-10

04-06-10

07-05-12

Converted to LLP and dissolved

NO

2

U74140RJ2010PTC032084

GRASS ROOTS ADVISORS PRIVATE LIMITED

Director

10-06-10

10-06-10

-

Active

NO

3

U72900MH2011PTC221299

EFIL PRIVATE LIMITED

Director

25-08-11

25-08-11

17-07-14

Active

NO

4

U26960RJ2010PTC032271

GRASS ROOTS MINERALS PRIVATE LIMITED

Director

30-09-13

10-12-12

-

Active

NO

5

U51109MH2000PTC129722

SEAROCK INTERNATIONAL PRIVATE LIMITED

Director

01-03-14

01-03-14

-

Active

NO

6

U74900MH2014PTC258255

MOHIT IMPEX PRIVATE LIMITED

Director

22-09-14

22-09-14

-

Active

NO

7

U14290GJ2013PTC074441

ORIGIN MINERALS PRIVATE LIMITED

Director

28-03-15

28-03-15

-

Active

NO

8

AAD-0529

DSA LOGISTICS LLP

Designated Partner

15-12-14

15-12-14

-

Active

NO

 

 

Name :

Mr. Sandeep Gordhan lal Samdani

Designation :

Director

Address :

Bhadada Mohalla, Bhilwara - 311001, Rajasthan, India

Date of Appointment :

01.03.2014

DIN No.:

02954576

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

U74140RJ2010PTC032023

GRASS ROUTE ADVISORS PRIVATE LIMITED

Director

04-06-10

04-06-10

07-05-12

Converted to LLP and dissolved

NO

2

U74140RJ2010PTC032084

GRASS ROOTS ADVISORS PRIVATE LIMITED

Director

10-06-10

10-06-10

-

Active

NO

3

U72900MH2011PTC221299

EFIL PRIVATE LIMITED

Director

25-08-11

25-08-11

17-07-14

Active

NO

4

U72900MH2005PTC154777

Cross Border Synergy India Private Limited

Director

29-08-11

29-08-11

03-04-15

Active

NO

5

U51101MH2012PTC229130

FARLIN COMMODITIES PRIVATE LIMITED

Director

01-08-13

01-08-13

-

Active

NO

6

U51109MH2000PTC129722

SEAROCK INTERNATIONAL PRIVATE LIMITED

Director

01-03-14

01-03-14

-

Active

NO

7

U74900MH2014PTC258255

MOHIT IMPEX PRIVATE LIMITED

Director

22-09-14

22-09-14

-

Active

NO

8

AAD-0529

DSA LOGISTICS LLP

Designated Partner

15-12-14

15-12-14

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Prasannmukh C Dhawan

Designation :

Senior Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Sonia Dhiraj Khandelwal

33334

33.33

Sandeep Gordhan lal Samdani

33333

33.33

Amit Sharma

33333

33.33

Total

100000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of minerals, coals, iron ore etc.  (Confirmed by management)

 

 

Products :
  • Minerals
  • Coals
  • Iron ore

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Coal Iron ore, Coal

Countries :
  • Indonesia
  • South Africa

 

 

Terms :

 

Selling :

L/C, Cash and Credit 

 

 

Purchasing :

L/C, Cash and Credit 

 

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 Manufacturer

 

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 :

12 (Approximately)

 

 

Bankers :

HDFC Bank, Andheri (West), Mumbai, Maharashtra, India

 

Banker Name

Axis Bank

Branch Address

Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India

Person Name (With Designation)

Mr. Nandkishore (Operation Head)

Contact Number

91-22-28224255

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)

Declined to part of any information

 

Auditors :

 

Name :

Bakliwal and Company

Chartered Accountant

Address :

203, EMP 75, Evershine Helio CHS, Thakur Village Kandivali (East), Mumbai – 400101, Maharashtra, India

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

ALEPB8062C

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital : Not Available

 

Issued, Subscribed & Paid-up Capital : Rs. 1.000 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.10/- each

Rs. 1.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.10/- each

Rs. 1.000 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

1.000

1.000

1.000

(b) Reserves & Surplus

1.727

0.648

(1.212)

(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)

2.727

1.648

(0.212)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.020

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)

0.000

0.020

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.166

0.166

(b) Trade payables

36.519

0.113

0.000

(c) Other current liabilities

236.804

0.295

0.084

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

273.323

0.574

0.250

 

 

 

 

TOTAL

276.050

2.242

0.038

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.058

0.231

0.002

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.014

0.000

0.000

(d)  Long-term Loan and Advances

2.323

1.185

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2.395

1.416

0.002

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

194.847

0.000

0.000

(c) Trade receivables

68.508

0.000

0.000

(d) Cash and cash equivalents

0.601

0.826

0.036

(e) Short-term loans and advances

9.699

0.000

0.000

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

273.655

0.826

0.036

 

 

 

 

TOTAL

276.050

2.242

0.038

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

138.888

17.409

0.000

 

Other Income

0.199

0.000

0.000

 

TOTAL (A)

139.087

17.409

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchase

328.242

0.000

 

 

Changes in inventories

(194.847)

0.000

 

 

Employees benefits expense

0.302

9.033

 

 

Other expenses

3.638

5.602

 

 

TOTAL (B)

137.335

14.635

0.007

 

 

 

 

 

Less

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

1.752

2.774

(0.007)

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

0.000

0.000

0.000

 

 

 

 

 

 

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

1.752

2.774

(0.007)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

0.173

0.082

0.000

 

 

 

 

 

 

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

1.579

2.692

(0.007)

 

 

 

 

 

Less

TAX (H)

0.500

0.833

0.000

 

 

 

 

 

 

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

1.079

1.859

(0.007)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

10.79

18.59

(0.08)

 

 

 

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

NA

NA

NA

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

0.78

10.68

0.00

 

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

(%)

1.26

15.93

0.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.57

120.07

(18.42)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.58

1.63

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.10

(0.78)

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.00

1.44

0.14

 

 

 

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

1.000

1.000

1.000

Reserves & Surplus

(1.212)

0.648

1.727

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

(0.212)

1.648

2.727

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.166

0.166

0.000

Total borrowings

0.166

0.166

0.000

Debt/Equity ratio

(0.783)

0.101

0.000

 

 

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

0.000

17.409

138.888

 

 

 

697.794

 

 

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

0.000

17.409

138.888

Profit

(0.007)

1.859

1.079

 

 

10.68%

0.78%

 

 

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

No

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 Landsdown Housebattery Street, Behind Regal Cinema, Colaba, Mumbai – 400039, Maharashtra, India to the present address w.e.f. 05.11.2007

 

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

 

UNSECURED LOAN

 

Particulars

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

SHORT TERM BORROWING

 

 

Loan from Related Party

 

0.166

Loan from Others

 

0.408

Total

 

0.574

 

 

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.67.04

UK Pound

1

Rs.101.67

Euro

1

Rs.73.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP 

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

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

NO

--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.