MIRA INFORM REPORT

 

 

Report No. :

355904

Report Date :

22.12.2015

 

IDENTIFICATION DETAILS

 

Name :

KOTKAR ENERGY DYNAMICS PRIVATE LIMITED

 

 

Registered Office :

Gat No. 627/5 and 6, Near Gabriel India, Pune Nashik Highway, Kuruli, Chakan, Taluka Khed, Pune – 410501, Maharashtra

Mob. No.:

91-9822012465 (Mr. Atul)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

11.10.1993

 

 

Com. Reg. No.:

11-074423

 

 

Capital Investment / Paid-up Capital :

Rs. 11.997 Million

 

 

CIN No.:

[Company Identification No.]

U51909MH1993PTC074423

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEK01147G

 

 

PAN No.:

[Permanent Account No.]

AABCK1787G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and exporter of lifts and other engineering goods such as telecom support equipment, automotive service equipment and also provides after sales service and other related consultancy services as well. [Registered activity and also confirmed by management]

 

 

No. of Employees :

65 (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

 

Maximum Credit Limit :

USD 68000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1993. It is engaged in manufacturing and exporting of telecom support equipment, automotive service equipment, engineering equipments.

 

For the financial year ended 2015, the company has healthy scale of operations marked by steady growth in sales turnover along with profitability margin of 3.6%.

 

The company has satisfactory financial base along with favourable gap between trade payables and receivables. However, it has high debt levels.

 

Trade relations are fair. Business is active. Payments are slow but correct.

 

In view of long business track, the company can be considered 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

 

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 :

Mrs. Archana A. Kotkar

Designation :

Director

Contact No.:

91-8046065486

Date :

18.12.2015

 

 

LOCATIONS

 

Registered Office/ Factory 1 :

Gat No. 627/5 and 6, Near Gabriel India, Pune Nashik Highway, Kuruli, Chakan, Taluka Khed, Pune – 410501, Maharashtra, India

Tel. No.:

Not Available

Mobile No.:

91-9822012465 (Mr. Atul)

91-8046065486 (Mrs. Archana)

Fax No.:

Not Available

E-Mail :

atul.kotkar@kotkar.com

archana.kotkar@kotkar.com

info@kotkar.com

Website :

www.kotkar.com

 

 

Factory 2 :

Gat No. 265, Village Kharabwadi, Off Chakan – Talegaon Road, Chakan, Taluka Khed, Pune – 410501, Maharashtra, India

 

 

City Office :

Rhuday Niwas Kotkar Lane, Off Bhau Patil Marg,40/B Aundh Road, Pune – 411020, Maharashtra, India

Tel. No.:

91-20-25815315 / 25816277

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mrs. Archana Atul Kotkar

Designation :

Director

Address :

Rhuday Niwas Kotkar Lane, Off Bhau Patil Marg 37/B Aundh Road, Pune - 411020, Maharashtra, India

Date of Birth/Age :

02.07.1965

Date of Appointment :

30.09.2013

DIN No.:

06437078

Other Directorship :

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U51909MH1993PTC074423

KOTKAR ENERGY DYNAMICS P LTD

Director

30/09/2013

24/11/2012

Active

NO

 

 

Name :

Mr. Atul Surendra Kotkar

Designation :

Director

Address :

Rhudayaniwas Bhau Patil Road, Khadki, Pune - 411020, Maharashtra, India

Date of Birth/Age :

30.03.1958

Date of Appointment :

25.11.2012

DIN No.:

00129319

Other Directorship :

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U51909MH1993PTC074423

KOTKAR ENERGY DYNAMICS P LTD

Director

25/11/2012

18/10/1993

Active

NO

 

 

Name :

Ms. Smita Vilas Deshpande

Designation :

Director

Address :

Pramila 71 Aranyeshwar, Walvekarnagar, Pune - 411009, Maharashtra, India

Date of Birth/Age :

01.11.1956

Date of Appointment :

30.09.2014

DIN No.:

00129411

Other Directorship :

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U51909MH1993PTC074423

KOTKAR ENERGY DYNAMICS P LTD

Director

30/09/2014

18/10/1993

Active

NO

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2015

 

Names of Shareholders

 

 

No. of Shares

Atul S. Kotkar

 

379163

Smita V. Deshpande

 

113370

Atul S. Kotkar Jointly with Archana A. Kotkar

 

119300

Dinkar V. Chitte Jointly with Atul S. Kotkar

 

1

Atul S. Kotkar Jointly with Devdatta V. Gaikwad

 

1

Smita V. Deshpande Jointly with Anita Gaikwad

 

1

Vijay Balkrishna Pusalkar

 

587842

 

 

 

Total

 

1199678

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

 

Percentage

Directors or relatives of Directors

51.00

Other top fifty shareholders

49.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and exporter of lifts and other engineering goods such as telecom support equipment, automotive service equipment and also provides after sales service and other related consultancy services as well. [Registered activity and also confirmed by management]

 

 

Products :
  • Telecom Support Equipment
  • Automotive Service Equipment
  • Engineering Equipments

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :
  • Telecom Support Equipment
  • Automotive Service Equipment
  • Engineering Equipments

Countries :

Iran

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

L/C, Cheque, Credit (30 Days)

 

 

Purchasing :

L/C, Cheque, Credit (30 Days)

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name :

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 :

Retailers, End Users, OEM’s

 

Company Name :

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 :

65 (Approximately)

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

Deccan Gym Khana Branch, Pune - 411004, 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 :

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan) :

Loan against security =Rs.650.000 million

Account Operation :

Not Divulged

Remark :

Not Divulged

 

  • Janata Sahakari Bank Limited
  • State Bank of India
  • UCO Bank

 

 

Facilities :

SECURED LOANS

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

Short Term Borrowings

 

 

HDFC bank Limited

(Secured by way of charge on securities provided by the friends and relatives of director and personal guarantee of directors)

(Repayable within one year Rs.59.335 million (Previous year Rs.29.592 million). No defaults in payment during the year.)

59.335

29.592

FL Loan Account

(Secured by way of charge on securities provided by the friends and relatives of director and personal guarantee of directors)

(Repayable within one year Rs. Nil (Previous year Rs.8.908 million). No defaults in payment during the year.)

0.000

8.908

 

 

 

Total

59.335

38.500

 

 

Auditors :

 

Name :

Kamlesh Jain and Associates

Chartered Accountants

Address :

209, PJ Chambers Pimpri Chowk, Pune-Mumbai Highway, Pune – 411018, Maharashtra, India

Mobile No.:

91-9921027100

E-Mail :

kamlesh@kamleshjain.net

Website :

www.kamleshjain.net

PAN No.:

AGYPJ4270F

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2015

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

1,250,000

Equity Shares

Rs.10/- each

Rs. 12.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

1,199,678

Equity Shares

Rs.10/- each

Rs. 11.997 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

11.997

11.997

5.074

(b) Reserves & Surplus

11.662

(4.663)

(11.002)

(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)

23.659

7.334

(5.928)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3.235

3.235

6.554

(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

0.407

0.375

0.292

Total Non-current Liabilities (3)

3.642

3.610

6.846

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

59.335

38.500

0.000

(b) Trade payables

67.006

27.389

5.017

(c) Other current liabilities

72.188

29.132

3.629

(d) Short-term provisions

8.541

2.292

2.520

Total Current Liabilities (4)

207.070

97.313

11.166

 

 

 

 

TOTAL

234.371

108.257

12.084

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

9.693

3.786

0.342

(ii) Intangible Assets

0.319

0.111

0.007

(iii) Capital work-in-progress

0.148

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)

0.542

0.596

3.074

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

10.702

4.493

3.423

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.005

0.005

0.000

(b) Inventories

38.191

15.595

1.205

(c) Trade receivables

115.959

69.713

4.078

(d) Cash and cash equivalents

28.310

3.259

0.364

(e) Short-term loans and advances

41.204

15.192

3.014

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

223.669

103.764

8.661

 

 

 

 

TOTAL

234.371

108.257

12.084

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

403.942

198.180

 

 

 

Other Income

1.246

0.776

 

 

 

TOTAL                                              (A)

405.188

198.956

29.490

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

330.052

175.611

 

 

 

Purchase of Stock-in-trade

6.114

0.000

 

 

 

(Increase)/ Decrease in inventories of finished goods, work-in-progress and traded goods

(1.701)

(6.842)

 

 

 

Employee Benefits Expenses

15.180

7.641

 

 

 

Other Expenses

24.212

9.577

 

 

 

TOTAL                                              (B)

373.857

185.987

21.195

 

 

 

 

 

 

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

31.331

12.969

8.295

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

6.194

2.919

0.093

 

 

 

 

 

 

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

25.137

10.050

8.202

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

2.779

1.192

0.048

 

 

 

 

 

 

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

22.358

8.858

8.154

 

 

 

 

 

Less

TAX                                                                  (H)

6.033

2.519

(2.201)

 

 

 

 

 

 

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

16.325

6.339

10.355

 

 

 

 

 

 

Earnings Per Share (Rs.)

13.61

5.28

NA

 

Expected Sales (2015-2016): Rs.1000.000 Million (Due to more orders)

 

The above information has been parted by Mrs. Archana A. Kotkar (Director)

 

 

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 flow from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

PAT / Sales

(%)

4.04

3.20

NA

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

7.76

6.54

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

9.57

8.23

90.50

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.95

1.21

(1.38)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.64

5.69

(1.11)

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.08

1.07

0.78

 

 

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

5.074

11.997

11.997

Reserves & Surplus

(11.002)

(4.663)

11.662

Net worth

(5.928)

7.334

23.659

 

 

 

 

long-term borrowings

6.554

3.235

3.235

Short term borrowings

0.000

38.500

59.335

Total borrowings

6.554

41.735

62.570

Debt/Equity ratio

(1.106)

5.691

2.645

 

 

 

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

Total Income

29.490

198.956

405.188

 

 

574.656

103.657

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

Rs. In Million

Rs. In Million

Rs. In Million

Total Income

29.490

198.956

405.188

Profit

10.355

6.339

16.325

 

35.11%

3.19%

4.03%

 

 

 

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%

Yes

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

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 address of the company has been shifted from S No 144, Wakikhurd Nashik Road, Chakan, Pune – 410501, Maharashtra, India to the present address w.e.f. 01.06.2013

 

COMPANY OVERVIEW:-

 

Subject is incorporated on 11th October, 1993. The company is in business of manufacturing of lifts and other engineering goods. The company provides after sales service and other related consultancy services as well.

 

 

THE STATE OF COMPANY’S AFFAIRS:

 

Revenues from operation for the current year 2014-15 is Rs. 403.942 million as compared to Rs. 198.180 million in the previous year 2013-14 showing a rise of 103.83%. PBT for the current year is Rs. 22.358 million as compared to 8.858 million in the previous year showing a rise of 152.40%. PAT for the current year is Rs.16.675 million as compared to Rs. 6.339 million in the previous year showing a rise of 163.04%.

 

 

FUTURE PROSPECTS:

 

The Company has made a steady progress and certain new products are being developed. The response for the new products are encouraging. Final orders are under negotiation with the customers. The new products shall add to an additional revenue of 25% in coming years.

 

 

UNSECURED LOANS:

 

Particulars

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

Long Term Borrowings

 

 

From friends and relatives of directors

 

 

Mr. Vijay Pusalkar

3.235

3.235

 

 

 

Total

3.235

3.235

 

 

INDEX OF CHARGE: NO CHARGES EXIST FOR COMPANY

 

 

FIXED ASSETS:

 

·         Land

·         Buildings and Shed

·         Computers

·         Office Equipments

·         Plant and Machinery

·         Tools and Dies

·         Furniture and Fixtures

·         Vehicles

 

 

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.66.32

UK Pound

1

Rs.98.99

Euro

1

Rs.72.13

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

NKT

 

 

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

5

--RESERVES

1~10

4

--CREDIT LINES

1~10

5

--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

YES

--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.