MIRA INFORM REPORT

 

 

Report No. :

355837

Report Date :

21.12.2015

 

IDENTIFICATION DETAILS

 

Name :

VIBRANT GLOBAL TRADING PRIVATE LIMITED (w.e.f. 03.03.2010)

 

 

Formerly Known As :

GAJMUKH IMPEX PRIVATE LIMITED

 

 

Registered Office :

Unit No. 202, Tower-A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra

Tel. No.:

91-22-41731000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.08.2003

 

 

Com. Reg. No.:

11 - 141769

 

 

Capital Investment / Paid-up Capital :

Rs. 16.100 Million

 

 

CIN No.:

[Company Identification No.]

U51909MH2003PTC141769

 

 

IEC No.:

0309072123

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMV21499C

 

 

PAN No.:

[Permanent Account No.]

AACCG5841J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Bentonite, HR/GP/CCS/PPGI, Coal/Coke, Scrap, Fine Chemicals, Organic dyes for Denim Industry, Industrial Chemicals and Specialty Chemicals. (Confirmed by management)

 

 

No. of Employees :

5 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2003 having moderate track record.

 

Management of the company has not filed its financial with the government department for the year 2015.

 

As per available financial 2014, margin of the company seems to be low.

 

Further, the rating also takes into consideration unfavorable gap between trade payables and trade receivables.

 

Their trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.  

 

NOTES :

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

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long term bank facilities : BBB-

Rating Explanation

Moderate degree of safety and carry moderate credit risk.

Date

01.04.2015

 

Rating Agency Name

CARE

Rating

Short term bank facilities : A3

Rating Explanation

Moderate degree of safety and carry higher credit risk.

Date

01.04.2015

 

 

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 DENIED BY

 

Name :

Mr. Sumit Rathi

Designation :

Deputy Manager – Accountant of Vibrant Global Capital Limited

Contact No.:

91-22-41731000

Date :

02.07.2015

 

 

LOCATIONS

 

Registered Office :

Unit No. 202, Tower-A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-41731000

Mobile No.:

91-8094123555 (Mr. Mithun Goswami)

Fax No.:

Not Available

E-Mail :

vaibhav@vibrantglobalgroup.com

sumit@vibrantglobalgroup.com  

 

 

Warehouse :

Located At :

 

Nagpur

 

 

DIRECTORS

 

AS ON: 25.08.2014

 

Name :

Mr. Vaibhav Vinod Garg

Designation :

Director

Address :

1101/1102, Rameshwaram Apartment, EC TV Tower Lane, Dadar, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

08.08.1987

Date of Appointment :

18.04.2011

DIN No. :

02643884

 

 

Name :

Mr. Vinod Garg

Designation :

Director

Address :

1102, Rameshwaram Apartment, EC TV Tower Lane, Dadar, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

06.05.1956

Date of Appointment :

31.01.2012

DIN No. :

00152665

 

 

Name :

Harsh Rajkumar Mehadia

Designation :

Additional director

Address :

Tayal Kunj Near Old Police Chowki, Golcha Marg, Nagpur - 40001, Maharashtra, India

Date of Appointment :

24.11.2014

DIN No. :

06966249

 

 

KEY EXECUTIVES

 

Name :

Mr. Sumit Rathi

Designation :

Deputy Manager – Accountant of Vibrant Global Capital Limited

 

 

Name :

Mr. Surendra Kadam

Designation :

Office Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 25.08.2014

 

Name of Shareholders

No. of Shares

Vinod Garg

9980

Vibrant Global Infra Project Private Limited, India

200,000

Vibrant Global Capital Limited, India

1,000,000

Singora Finance Private Limited, India

200,000

Shalimar Bansal Realtors Private Limited, India

200,000

Ajay Shriloknath Lohia

10

Pankaj Nandlal Agrawal

10

TOTAL

1,610,000

 

 

AS ON: 25.08.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

99.00

Other top fifty shareholders

1.00

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Trader of Bentonite, HR/GP/CCS/PPGI, Coal/Coke, Scrap, Fine Chemicals, Organic dyes for Denim Industry, Industrial Chemicals and Specialty Chemicals. (Confirmed by management)

 

 

Products :

Bentonite, HR/GP/CCS/PPGI, Coal/Coke, Scrap, Fine Chemicals, Organic dyes for Denim Industry, Industrial Chemicals, Specialty Chemicals

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cash, Cheque and Credit

 

 

Purchasing :

Cash, Cheque and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Mahalaxmi TMT Private limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Ehodia Sales Trading Corporative Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

5 (Approximately)

 

 

Bankers :
  • HDFC Bank Limited, 204, Bhagyashree Cement Road,Nagpur, Maharashtra, India
  • Tirupati Urban Co-Operative Bank Limited, Kalbadevi Branch, Agarwal Sadan, Ground Floor, 51, Dadiseth Agiary Lane, Kalbadevi (Bhuleshwar), Mumbai-400002, Maharashtra, India
  • Deutsche Bank AG, Deutsche Bank House, Hazarimal Somani Marg, Mumbai 400001, Maharashtra, India

 

Bank Name

State Bank of India

Branch

Goregaon (West) Branch

Person Name (With Designation)

Mr. Kishore Dhume

Contact Number

91-22-28710213

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

4 years

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Fund and Non-Fund = Rs. 400.000 millions

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

91.706

69.539

Loans taken for vehicles

0.974

1.117

Short-term borrowings

 

 

Loans repayable on demand from banks

[Secured by hypothecation of  stock and trade receivables and additional security - flat of director at rameshwaram apartments]

87.733

92.656

Total

180.413

163.312

 

Note :

 

Term loan - Rs. 450.000 Million) balance as on 31.3.2014 - Rs. 33.918 Million secured by equitable mortgage of commercial block situated in peninsula business park.

 

Term loan - Rs. 35.000 Millions and Rs 25.000 Million balance as on 31.3.2014 - Rs. 48.828 Million Secured by equitable mortgage of commercial block situated in peninsula business park.

 

3. Term loan – Rs.10.000 Million balance as on 31.3.2014 - Rs. 8.959 Million secured by equitable mortgage of commercial block situated in peninsula business park.

 

 

 

 

 

Auditors :

 

Name :

Gupta, Sarda and Bagdia

Chartered Accountants

Address :

Business Plaza, U.G Floor, 6 Farmland, Central bazar, Lokmat Square, Nagpur - 440010, Maharashtra, India

PAN No.:

AAAFG8821D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :

Vibrant Global Capital Limited

CIN No.:- U65900MH1995PLC093924

 

 

Enterprises which are owned, or have significant

influence of or are partners

with Key management

personnel and their relatives :
  • Vibrant Global Infraproject Private Limited [U45201MH2006PTC163487]

 

  • Vibrant Global Salt Private Limited [U24233MH2010PTC208064]

 

  • Tapadia Polyesters Private Limited [U21000MH1995PTC091740]

 

CAPITAL STRUCTURE

 

After as on: 25.08.2014

 

Authorised Capital: Rs. 35.000 million

 

Issued, Subscribed & Paid-up Capital: Rs. 17.854 million

 

 

AS ON: 31.03.2014

 

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

1610000

Equity Shares

Rs.10/- each

Rs. 16.100 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

16.100

16.100

16.100

(b) Reserves & Surplus

106.635

97.039

90.398

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

50.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

172.735

113.139

106.498

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

132.680

120.655

0.000

(b) Deferred tax liabilities (Net)

1.723

0.024

0.009

(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)

134.403

120.679

0.009

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

87.733

92.656

48.647

(b) Trade payables

441.473

428.030

208.222

(c) Other current liabilities

16.312

9.553

2.558

(d) Short-term provisions

0.000

3.500

2.800

Total Current Liabilities (4)

545.518

533.739

262.227

 

 

 

 

TOTAL

852.656

767.557

368.734

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

145.988

1.522

0.038

(ii) Intangible Assets

0.010

0.017

0.028

(iii) Capital work-in-progress

0.000

130.345

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

3.893

3.643

2.518

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

0.445

3.860

0.000

(e) Other Non-current assets

0.000

0.009

0.018

Total Non-Current Assets

150.336

139.396

2.602

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

14.260

0.000

43.609

(c) Trade receivables

378.117

379.155

259.292

(d) Cash and cash equivalents

61.288

60.293

23.093

(e) Short-term loans and advances

239.671

178.870

36.710

(f) Other current assets

8.984

9.843

3.428

Total Current Assets

702.320

628.161

366.132

 

 

 

 

TOTAL

852.656

767.557

368.734

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS            

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

2080.231

1567.930

1218.520

 

Other Income

 

 

 

 

TOTAL

2080.231

1567.930

1218.520

 

 

 

 

 

Less

TOTAL EXPENSES

 

 

 

 

2016.578

1537.480

1210.440

 

 

 

 

 

 

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

63.653

30.450

8.080

 

 

 

 

 

Less

FINANCIAL EXPENSES

47.576

20.273

 0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

16.077

10.177

8.080

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.515

0.081

0.028

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

13.562

10.096

8.052

 

 

 

 

 

Less

TAX

3.966

3.455

2.806

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

9.596

6.641

5.246

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

13.039

6.398

1.152

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

22.635

13.039

6.398

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

5.96

4.12

        3.26

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover

 

 

2615.300

 

 

 

 

 

Expected Sales (2015-2016): Rs.3000.000 Million

 

The above information has been parted by Mr. Sumit Rathi

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

11.875

7.474

0.000

Net cash flows from (used in) operations

(58.051)

16.381

NA

Net cash flows from (used in) operating activities

(63.245)

11.769

NA

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.46

0.42

0.43

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.06

1.94

0.66

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.60

1.59

2.20

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.09

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.34

1.95

0.46

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.29

1.18

1.40

 

 

 

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

16.100

16.100

16.100

Reserves & Surplus

90.398

97.039

106.635

Share Application money pending allotment

0.000

0.000

50.000

Net worth

106.498

113.139

172.735

 

 

 

 

long-term borrowings

0.000

120.655

132.680

Short term borrowings

48.647

92.656

87.733

Current Maturities of Long Term Debt

0.000

7.474

11.875

Total borrowings

48.647

220.785

232.288

Debt/Equity ratio

0.457

1.951

1.345

 

 

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)

Total Income

1218.520

1567.930

2080.231

 

 

28.675

32.674

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

1218.520

1567.930

2080.231

Profit

5.246

6.641

9.596

 

0.43%

0.42%

0.46%

 

 

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

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 four years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

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

 

 

UNSECURED LOAN

 

Particular

 

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Deposits from others

40.000

0.000

Loans and advances from related parties

0.000

50.000

Total

40.000

50.000

 

NOTE

 

The registered office of the company has been shifted from Lords Building, B Wing, Flat No.1003, 10th and 11th, Plot No.35, Sector-15, CBD Belapur, Mumbai, Maharashtra, India to the present address (w.e.f. 08.04.2013)

 

HOLDING COMPANY

 

Vibrant Global Capital Limited is Company’s holding Company with stake of 62.11 % in the Company.

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10569892

08/04/2015

15,000,000.00

DEUTSCHE BANK AG

DEUTSCHE BANK HOUSE, HAZARIMAL SOMANI MARG, MUMBAI 400001, MAHARASHTRA, INDIA

C53042933

2

10566642

07/04/2015

95,000,000.00

DEUTSCHE BANK AG

P.O. BOX NO. 9080, GOREGAON (EAST), MUMBAI - 400063, MAHARASHTRA, INDIA

C52239902

3

10298143

14/12/2012 *

400,000,000.00

STATE BANK OF INDIA

GOREGAON-MULUND LINK ROAD BRANCH, RUSTUMJEE-O-ZONE, 
Building, SHOP NO.11, GOREGAON-MULUND LINK RoadD, GOREGOAN West, MUMBAI - 400062, MAHARASHTRA, INDIA

B67663351

 

* Date of charge modification

 

 

FIXED ASSETS

 

  • Buildings
  • Office building
  • Plant and equipment
  • Factory equipments
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments

 

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.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MTN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

3

--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

 

32

 

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.