MIRA INFORM REPORT

 

 

Report No. :

355099

Report Date :

28.12.2015

 

IDENTIFICATION DETAILS

 

Name :

NAUGHTY FOODS PRIVATE LIMITED

 

 

Registered Office :

A-1, Sanwer Road Industrial Area, Sector A, Indore – 452001, Madhya Pradesh

Tel. No.:

91-731-6458884

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

04.01.2007

 

 

Com. Reg. No.:

10-019184

 

 

Capital Investment / Paid-up Capital :

Rs. 13.461 Million

 

 

CIN No.:

[Company Identification No.]

U15136MP2007PTC019184

 

 

IEC No.:

Not Applicable (As claimed by company management that company does not export and import)

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Manufacturer, Supplier, Marketing and Dealing of Food Products. [Confirmed by management]

 

 

No. of Employees :

Not Divulged  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2007 having moderate track.

 

Management has failed to file its financials for FY 15 with Registrar of Companies.

 

For the FY 14, the company has achieved decent sales turnover, however reported low profit margin.

 

Rating is constrained on account of average net worth base, moderate debt level, low cash accruals which may act as a threat to the liquidity position of the company.

 

Trade relations are fair. Business is active. Payment are 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.

 

 

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.

 

 

LOCATIONS

 

Registered Office :

A-1, Sanwer Road Industrial Area, Sector A, Indore – 452001, Madhya Pradesh, India

Tel. No.:

91-731-6458884

Fax No.:

Not Available

E-Mail :

kaushal_agarwal@hotmail.com

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Sanjay Kumar Agarwal

Designation :

Director

Address :

38, Indira Gandhi Nagar, Annapurna, Indore – 452009, Madhya Pradesh, India

Date of Birth/Age :

26.07.1972

Date of Appointment :

04.01.2007

DIN No.:

00973643

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

U15136MP2007PTC019184

NAUGHTY FOODS PRIVATE LIMITED

Director

04/01/2007

04/01/2007

-

Active

NO

2

U45201MP2010PTC024304

PRAKRATI REALTORS PRIVATE LIMITED

Director

10/09/2010

10/09/2010

-

Active

NO

3

U74900MP2010PTC024695

SANWER ROAD INDUSTRIAL COMMON EFFLUENT TREATEMENT PLANT COMPANY PRIVATE LIMITED

Director

09/11/2010

09/11/2010

28/02/2012

Active

NO

4

U45201MP2010PTC024571

ICONIC INFRATECH PRIVATE LIMITED

Director

02/12/2010

02/12/2010

-

Active

NO

5

U24122MP1990PTC005766

JANPRIYA PRAKASHAN PVT LTD

Additional director

02/07/2012

02/07/2012

-

Active

NO

 

 

Name :

Vinod Agarwal

Designation :

Director

Address :

38, Indira Gandhi Nagar, Annapurna, Indore – 452009, Madhya Pradesh, India

Date of Birth/Age :

28.11.1976

Date of Appointment :

04.01.2007

DIN No.:

00973537

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

U15136MP2007PTC019184

NAUGHTY FOODS PRIVATE LIMITED

Director

04/01/2007

04/01/2007

-

Active

NO

2

U45201MP2010PTC024304

PRAKRATI REALTORS PRIVATE LIMITED

Director

10/09/2010

10/09/2010

-

Active

NO

3

U45201MP2010PTC024571

ICONIC INFRATECH PRIVATE LIMITED

Director

11/09/2011

11/09/2011

-

Active

NO

 

 

Name :

Janki Devi Agarwal

Designation :

Director

Address :

38, Indira Gandhi Nagar, Annapurna, Indore – 452009, Madhya Pradesh, India

Date of Birth/Age :

02.08.1951

Date of Appointment :

04.01.2007

DIN No.:

01088410

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

% of Holdings

Sanjay Agarwal

363833

27.03

Vinod Agarwal

97183

7.22

Janki Devi Agarwal

566834

42.11

Rani Agarwal

258000

19.17

Premlata Agarwal

15000

1.11

Sprint Vanijya Private Limited, India

18200

1.35

Nilpur Vanijya Private Limited, India

9000

0.67

Silverpearl Trading Private Limited, India

18000

1.34

 

 

 

Total

1346050

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

92.00

Other top fifty shareholders

8.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Supplier, Marketing and Dealing of Food Products. [Confirmed by management]

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

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 :

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 :

Not Divulged 

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

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)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loan from SIDBI Bank (Above loan is secured against pimary security Plant and Machinery and first charge on all the present and future assets of the Company & Personal guarantee of Directors)

0.016

0.157

Term loan (Above loan is secured against pimary security Plant and Machinery and first charge on all the present and future assets of the Company & Personal guarantee of Directors)

0.520

1.300

Term loan (Above loan is secured against pimary security Plant and Machinery and first charge on all the present and future assets of the Company & Personal guarantee of Directors)

2.700

3.600

Term Loan (Above loan is secured against pimary security Plant and Machinery and first charge on all the present and future assets of the Company & Personal guarantee of Directors)

5.000

0.000

From Bajaj Finance Limited

Term Loan

11.257

6.591

From ICICI Bank Limited – Term loan

4.469

0.000

 

 

 

SHORT TERM BORROWING

 

 

Loans repayable on demand

From SIDBI [Working Capital Limit]

(Above loan is secured against hypothecation

of stock in trade and book debts and first charge

on all the present and future assets of the Company and personal guarantee of Directors)

7.046

6.797

 

 

 

Total

31.008

18.445

 

Auditors :

 

Name :

Kaushal and Agarwal

Chartered Accountants

Address :

2181, D.M. Tower, 21/1, Race Course Road, Indore – 452003, Madhya Pradesh, India

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

AAEFK6509L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1500000

Equity Shares

Rs.10/- each

Rs. 15.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1346050

Equity Shares

Rs.10/- each

Rs. 13.461 Million

 

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

596050

Equity Shares

Rs.10/- each

Rs. 5.961 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

5.961

5.961

5.961

(b) Reserves & Surplus

5.166

4.664

4.458

(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)

11.127

10.625

10.419

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

29.748

15.865

17.370

(b) Deferred tax liabilities (Net)

1.113

0.867

0.808

(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)

30.861

16.732

18.178

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7.046

6.797

5.852

(b) Trade payables

9.015

5.683

5.041

(c) Other current liabilities

0.716

0.952

0.000

(d) Short-term provisions

1.285

0.140

0.382

Total Current Liabilities (4)

18.062

13.572

11.275

 

 

 

 

TOTAL

60.050

40.929

39.872

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

31.027

19.357

19.992

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.638

0.319

0.282

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

31.665

19.676

20.274

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

11.928

9.485

7.289

(c) Trade receivables

11.305

6.380

5.749

(d) Cash and cash equivalents

1.618

2.751

1.515

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

3.534

2.637

5.045

Total Current Assets

28.385

21.253

19.598

 

 

 

 

TOTAL

60.050

40.929

39.872

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

73.689

28.548

28.575

 

Other Income

0.000

0.000

0.000

 

TOTAL                                    

73.689

28.548

28.575

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

58.503

19.733

18.484

 

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

0.376

(0.559)

0.153

 

Employees benefits expense

1.849

0.970

1.724

 

Other expenses

5.629

3.291

3.514

 

TOTAL                                    

66.357

23.435

23.875

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

7.332

5.113

4.700

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

3.005

2.536

2.447

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

4.327

2.577

2.253

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

3.403

2.250

2.004

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

0.924

0.327

0.249

 

 

 

 

 

Less

TAX                                                                 

0.422

0.121

0.107

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

0.502

0.206

0.142

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.84

0.35

0.24

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

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

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.68

0.72

0.50

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

9.95

17.91

16.45

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.54

0.80

0.62

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.03

0.02

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

3.31

2.13

2.23

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.57

1.57

1.74

 

 

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

5.961

5.961

5.961

Reserves & Surplus

4.458

4.664

5.166

Net worth

10.419

10.625

11.127

 

 

 

 

long-term borrowings

17.370

15.865

29.748

Short term borrowings

5.852

6.797

7.046

Total borrowings

23.222

22.662

36.794

Debt/Equity ratio

2.229

2.133

3.307

 

 

 

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)

Sales

28.575

28.548

73.689

 

 

(0.094)

158.123

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

28.575

28.548

73.689

Profit

0.142

0.206

0.502

 

0.50%

0.72%

0.68%

 

 

 

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

No

8

Designation of contact person

No

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

FINANCIAL RESULTS

 

As compared to Turnover Rs. 28.548 Million corresponding to the previous period, Net Turnover of Rs.73.689 Million was achieved during the year. Net Profit after tax for the year was Rs.0.502 Million, as compared to Rs 0.203 Million for the previous year. Company is expecting good growth prospects in the next financial year.

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From Related Parties

5.786

4.217

 

 

 

Total

5.786

4.217

 

 

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10588669

28/08/2015

4,700,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

1ST FLOOR, COMMERCE HOUSE,, 7, RACE COURSE ROAD, 
NEW PALASIA, INDORE, Madhya Pradesh - 452001, INDI 
A

C62898275

2

10557326

26/03/2015

10,000,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

1ST FLOOR, COMMERCE HOUSE, 7, RACE COURSE ROAD, N 
EW PALASIA, INDORE, Madhya Pradesh - 452001, INDIA

C47877261

3

10475705

04/02/2014

5,000,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

COMMERCE HOUSE, 1ST FLOOR,, 7, RACE COURSE ROAD, 
NEW PALASIA, INDORE, Madhya Pradesh - 452001, INDI 
A

B95537643

4

10343982

26/03/2012

3,900,000.00

Small Industries Development Bank Of India

Commerce House, 1st Floor,, 7 Race Course Road, N 
ew Palasia,, Indore, Madhya Pradesh - 452001, INDI 
A

B35732445

5

10162073

01/06/2009

3,500,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

COMMERCE HOUSE, 1ST FLOOR,, 7, RACE COURSE ROAD, 
INDORE, Madhya Pradesh - 452001, INDIA

A63606768

6

10119182

26/09/2014 *

42,000,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

COMMERCE HOUSE, 1ST FLOOR, 7, RACE COURSE ROAD, N 
EW PALASIA, INDORE, Madhya Pradesh - 452001, INDIA

C31997364

7

10064991

29/01/2009 *

14,375,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

COMMERCE HOUSE, IST FLOOR,, 7, RACE COURSE ROAD , 
NEW PALASIA,, INDORE, Madhya Pradesh - 452001, IN 
DIA

A56098429

 

* Date of charge modification

 

 

FIXED 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 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. 66.20

UK Pound

1

Rs. 98.30

Euro

1

Rs. 72.41

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

AMT

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

2

--RESERVES

1~10

3

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

27

 

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.