MIRA INFORM REPORT

 

 

Report No. :

357197

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

SS TECHNO LIMITED (w.e.f. 07.11.2014)

 

 

Formerly Known As :

SS TECHNO PRIVATE LIMITED (w.e.f. 11.09.2015)

 

S S TECHNO SERVICES PRIVATE LIMITED

 

 

Registered Office :

Office No. 502, Mayfair Towers, Wakdewadi, Shivajinagar, Pune-411005, Maharashtra

Tel. No.:

91-20-66524434/ 432/ 433

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

08.11.2000

 

 

Com. Reg. No.:

11-015520

 

 

Capital Investment / Paid-up Capital :

Rs. 0.945 Million

 

 

CIN No.:

[Company Identification No.]

U74999PN2000PLC015520

 

 

IEC No.:

3101006775

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNES08104F

 

 

PAN No.:

[Permanent Account No.]

AAFCS5339A

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Dryers and Evaporators. (Confirmed by Management)

 

 

No. of Employees :

75 (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 2000. It is engaged in manufacturing, importing and exporting of dryers and evaporators.

 

For the financial year ended 2015, the company has registered top line growth of 26 % along with profitability margin of 4.2%.

 

The company has significant financial base, comfortable debt protection metrics along with adequate cash accruals.

 

Trade relations are fair. Business is active. Payments are usually correct.

 

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.

 

 

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 :

Mr. Handekar

Designation :

Accounts Manager

Contact No.:

91-20-66524431

Date :

28.12.2015

 

 

LOCATIONS

 

Registered/ Corporate Office :

Office No. 502, Mayfair Towers, Wakdewadi, Shivajinagar, Pune-411005, Maharashtra, India

Tel. No.:

91-20-66524434/ 432/ 433

Fax No.:

91-20-66524434

E-Mail :

sstechno@vsnl.com

rajesh.hundekari@sstechno.com   

drayerevaporator@gmail.com

marketing@sstechno.com

Website :

http://www.sstechno.com

 

 

Factory 1 :

Ghat No. 620, Plot No. E-9, Chakan Industrial Area, Phase - III, MIDC, Kuruli Khed,  Pune – 410501, Maharashtra, India

 

 

Factory 2 :

J-446, Pune-Nashik Raod, Kurli Khed, Pune-410501, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Shripad Madhav Khatav

Designation :

Director

Address :

Flat No .1, Building No. 1, Damodar Co-Operative Housing Society, Bibwewadi, Pune-411037, Maharashtra, India

Date of Birth/Age :

31.10.1983

Date of Appointment :

08.11.2000

DIN No.:

00496510

 

 

Name :

Mr. Smita Shripad Khatav

Designation :

Director

Address :

Flat No.1, Building No. 1, Damodar Co-Operative Housing Society, Bibwewadi,, Pune-411037, Maharashtra, India

Date of Birth/Age :

19.05.1952

Date of Appointment :

08.11.2000

DIN No.:

00496527

 

 

Name :

Mr. Prasad Shripad Khatav

Designation :

Director

Address :

Flat No.1, Building No. 1, Damodar Co-Operative Housing Society, Bibwewadi, Pune-411037, Maharashtra, India

Date of Birth/Age :

26.05.1958

Date of Appointment :

01.09.2014

DIN No.:

06963196

 

 

KEY EXECUTIVES

 

Name :

Mr. Handekar

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

 

Shripad Madhav Khatav

 

10400

Smita Shripad Khatav

 

3100

Total

 

13500

 

 

AS ON 11.10.2014

 

Names of Allottees

 

No. of Shares

 

Shripad Madhav Khatav

 

62400

Smita Shripad Khatav

 

18600

Total

 

81000

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Other top fifty shareholders

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Dryers and Evaporators. (Confirmed by Management)

 

 

Products :

ITC Code No.

 

Product Descriptions

73269030

Zero Liquid Dischange System, Evaporaters

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cash, L/C and Credit (30 days and 60 days)

 

 

Purchasing :

Cash, L/C and Credit (30 days and 60 days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

75 (Approximately)

 

 

Bankers :

Bank Name:

The Saraswat Co-Operative Bank Limited

Branch:

Pune SME Forex Centre, C/2, Kohinoor Estate Co-Operative Housing Society, plot No. 12, Mula Road, Sangamwadi, Near Kamalnayan Bajaj Garden, Pune-411003, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

91-20-41422217

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

8 Months

Average Balance Maintained (Optional):

Not Divulged

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

Cash Credit=Rs. 15.000 Million

Account Operation:

Satisfactory

Remarks:

Banker gave us positive response they are satisfied with their Banking transaction.

 

·         Bank of India

Plot No.5, Parvati, Sarang Society, Sahakarnagar Branch, Pune - 411009, Maharashtra, India

 

·         Yes Bank Limited

9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India

 

·         Bank of India

Plot No. 5, Parvati Sarang Society, Sahakar Nagar Branch, Pune-411009, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term loan from Banks

 

 

Saraswat Co-Operative bank

4.632

3.997

Yes Bank

17.959

18.703

Bank of India

1.268

1.742

SHORT TERM BORROWINGS

 

 

From Banks

10.808

4.562

From Yes Bank – Cash Credit

0.000

4.406

 

 

 

Total

34.667

33.410

 

Auditors :

 

Name :

Yeravdekar and Associates

Chartered Accountants

Address :

96/16, Navi Peth, Rajendra Nagar, Near Sachin Tendulkar Jogging Track, Pune – 411030, Maharashtra, India

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

AACPY7463R

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

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

 

 

 

 

94500

Equity Shares

Rs. 10/- each

Rs. 0.945 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

0.945

0.135

0.135

(b) Reserves & Surplus

79.781

75.070

69.528

(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)

80.726

75.205

69.663

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

23.859

24.442

2.484

(b) Deferred tax liabilities (Net)

0.000

0.000

0.367

(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)

23.859

24.442

2.851

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

10.808

8.968

9.139

(b) Trade payables

61.871

61.670

59.289

(c) Other current liabilities

39.195

46.819

40.145

(d) Short-term provisions

12.512

12.149

11.806

Total Current Liabilities (4)

124.386

129.606

120.379

 

 

 

 

TOTAL

228.971

229.253

192.893

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

66.461

71.931

46.326

(ii) Intangible Assets

0.324

1.112

1.741

(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

6.007

6.097

1.491

(c) Deferred tax assets (net)

0.000

0.000

0.000

(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

72.792

79.140

49.558

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

31.068

66.085

58.213

(c) Trade receivables

59.798

43.451

51.140

(d) Cash and cash equivalents

53.158

38.220

30.542

(e) Short-term loans and advances

11.052

2.868

3.440

(f) Other current assets

1.103

(0.511)

0.000

Total Current Assets

156.179

150.113

143.335

 

 

 

 

TOTAL

228.971

229.253

192.893

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Revenue from Operations

382.569

303.619

444.605

 

 

Other Income

3.437

10.669

3.495

 

 

TOTAL                                     (A)

386.006

314.288

448.100

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

229.810

168.371

316.389

 

 

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

16.656

18.799

(2.616)

 

 

Employees benefits expense

27.793

27.254

26.561

 

 

Other expenses

69.335

66.848

63.300

 

 

TOTAL                                     (B)

343.594

281.272

403.634

 

 

 

 

 

 

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

42.412

33.016

44.466

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

5.593

2.624

1.105

 

 

 

 

 

 

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

36.819

30.392

43.361

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

10.057

4.147

3.719

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

26.762

26.245

39.642

 

 

 

 

 

Less

TAX                                                                  (H)

8.730

8.554

12.934

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

18.032

17.691

26.708

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

229.810

168.371

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

 

 

Basic

190.82

1310.48

1978.36

 

Diluted

190.82

1310.48

1978.36

 

Expected Sales (2015-2016): Rs. 650.000 Million (Due to more order)

 

The above information has been parted by Mr. Handekar (Accounts Manager)

 

 

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

42.781

35.533

NA

 

 

 

 

Net Cash from Operating Activities

32.437

27.124

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

4.71

5.83

6.01

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

11.09

10.87

10.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

12.00

11.76

20.71

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.33

0.35

0.57

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.43

0.44

0.17

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.26

1.16

1.19

 

 

 

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

0.135

0.135

0.945

Reserves & Surplus

69.528

75.070

79.781

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

69.663

75.205

80.726

 

 

 

 

Long-term borrowings

2.484

24.442

23.859

Short term borrowings

9.139

8.968

10.808

Total borrowings

11.623

33.410

34.667

Debt/Equity ratio

0.167

0.444

0.429

 

 

 

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

444.605

303.619

382.569

 

 

(31.710)

26.003

 

 

 

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

444.605

303.619

382.569

Profit

26.708

17.691

18.032

 

6.01%

5.83%

4.71%

 

 

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

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10579797

24/06/2015

15,000,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE- 411003, MAHARAS
HTRA, INDIA

C58821430

2

10579801

24/06/2015

45,000,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE- 411003, MAHARAS
HTRA, INDIA

C58823774

3

10509506

05/07/2014

305,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

RASEC - PUNE, B/3 MADHUBAN, ERANDAWANA,, KARVE RO
AD, PUNE- 411004, MAHARASHTRA, INDIA

C11668126

4

10509509

05/07/2014

305,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

RASEC - PUNE, B/3 MADHUBAN, ERANDAWANA,, KARVE RO
AD, PUNE- 411004,, MAHARASHTRA  INDIA

C11669173

5

10494696

08/05/2014

950,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

RASEC - PUNE, B/3 MADHUBAN, ERANDAWANA,, KARVE RO
AD, PUNE- 411004, MAHARASHTRA - 411004, INDIA

C04539912

6

10464233

26/11/2013

4,308,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

2ND FLOOR ABOVE F C ROAD BRANCH GANESHWADI, OPP H
OTEL VAISHALI SHIVAJI NAGAR, PUNE- 4
11004, MAHARASHTRA, INDIA

B91143396

7

10357531

02/05/2012

1,800,000.00

BANK OF INDIA

PLOT NO.5, PARVATI, SARANG SOCIETY, SAHAKARNAGAR
BRANCH, PUNE- 411009, MAHARASHTRA, INDIA

B40322299

8

10354575

20/04/2012

15,000,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

JEEVAN SHREE BUILDING, GROUND FLOOR,S. NO. 1109,,
PLOT NO. 488, GANESHKHIND ROAD,SHIVAJIINAGAR, PUNE- 411005, MAHARASHTRA, INDIA

B39277199

9

10321123

27/06/2013 *

110,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI-
400018, MAHARASHTRA, INDIA

B80332943

10

10187760

18/11/2009

288,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

RASEC BRANCH F C ROAD, PUNE- 411004, MAHARASHTRA,
INDIA

A74199514

 

* Date of charge modification

 

 

WORKING OF THE COMPANY

 

The Company is actively engaged in execution of turkey Project specialized in multiple effects and Zero Liquid Discharge System in India as well as abroad.

 

 

CONTINGENT LIABILITIES:

 

Particulars

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

Income Tax Matters

16.584

4.997

Sales Tax Matters

4.876

4.876

Total

21.460

9.873


FIXED ASSETS:

 

Tangible Assets

 

·         Land

·         Buildings

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

·         Computer

 

 

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. 66.14

UK Pound

1

Rs. 98.69

Euro

1

Rs. 72.55

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

IND

 

 

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

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

5

--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

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.