MIRA INFORM REPORT

 

 

Report No. :

309907

Report Date :

26.02.2015

 

IDENTIFICATION DETAILS

 

Name :

RAJDEEP AUTOMATION PRIVATE LIMITED

 

 

Registered Office :

3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad Road, Pune – 411041, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

21.06.1999

 

 

Com. Reg. No.:

25-17928

 

 

Capital Investment / Paid-up Capital :

Rs. 7.807 Millions

 

 

CIN No.:

[Company Identification No.]

U32109PN1999PTC017928

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNER05568D

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of Electronic and Electrical Machinery Parts like Sensor, Encoder and Counter.

 

 

No. of Employees :

Not Divulged

 

 

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 410000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

As per registrar of companies the date of balance sheet (i.e. Financial File) is shown as 31.03.2014 but the document related to the financial for the year 2014 could not be made available from any source.

 

As per previous financials record of 2013, general financial position of the company seems to be sound and healthy. Liquidity position of the company is fair.

 

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 31-03-2014.

 

 

INFORMATION DECLINED BY

 

Name :

Mr. Sandeep Shrikant Shah

Designation :

Director

Contact No.:

91-22-23002837

Date :

25.02.2015

 

 

LOCATIONS

 

Registered Office/Factory :

3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad Road, Pune – 411041, Maharashtra, India

Tel. No.:

91-20-24393755/ 32540067

Mobile No.:

91-9326033673 (Mr. Tukaram)

Fax No.:

91-20-24393756

E-Mail :

sales@rajdeep.in

ashar@rajdeep.in

info@rajdeep.in,

accounts@rajdeep.in

Website :

http://www.rajdeep.in

Area :

5000 Sq. ft.

Location :

Owned

 

 

New Mumbai Office:

G3A, Anand Complex, Sane Guruji Marc, Chinchpokli (West), Mumbai – 400001, Maharashtra, India

Tel. No.:

91-22-23002837/8

Fax No.:

91-22-230023839

E-Mail :

mumbai@rajdeep.in

 

 

Corporate Office :

Janaki Niwas, Navakal Press Marg, Khadilkar Road, Mumbai – 400004, Maharashtra, India

Tel. No.:

91-22-23864105/ 23828092/ 32935216

Fax No.:

91-22-23893252

E-Mail :

sales@rajdeep.in

info@rajdeep.in

 

 

Warehouse :

S-13, Sonar industrial Estate, Krishnai Aqua Lane, Nanded Phata, Pune, Maharashtra, India

 

 

Branch Offices :

Location At

 

·         Mumbai

·         Pune

·         Bangalore

·         Coimbatore

·         Vizag

·         New Delhi

·         Ahmedabad 

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Mr. Shrikant Kirtilal Shah

Designation :

Director

Address :

1, Dhun House, Tejpal Road, Gamdevi, Mumbai - 400008, Maharashtra, India

Date of Birth/Age :

30.12.1946

Date of Appointment :

21.06.1999

DIN No.:

00084054

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

U65990MH1990PTC059155

KIRTILAL TRADING COMPANY PRIVATE LIMITED

Director

26-11-1990

26-11-1990

-

Active

NO

2

U32109PN1999PTC017928

RAJDEEP AUTOMATION PRIVATE LIMITED

Director

21-06-1999

21-06-1999

-

Active

NO

3

U25200DD1999PTC004710

NOVEX POLY FILMS PRIVATE LIMITED

Director

16-08-1999

16-08-1999

15-09-2011

Active

NO

 

 

Name :

Mr. Shrenik Deepak Shah

Designation :

Director

Address :

9/10, Kamla Prabha Apartments, Adinath Socity, Satara Road, Pune – 411037, Maharashtra, India

Date of Birth/Age :

14.03.1975

Date of Appointment :

21.06.1999

DIN No.:

00084136

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

U32109PN1999PTC017928

RAJDEEP AUTOMATION PRIVATE LIMITED

Director

21-06-1999

21-06-1999

-

Active

NO

2

U51501PN1996PTC100116

RAJDEEP DISTRIBUTORS PRIVATE LIMITED

Director

20-10-2002

20-10-2002

-

Active

NO

3

U31900PN2009PTC133606

CONTRINEX AUTOMATION PRIVATE LIMITED

Director

05-03-2009

05-03-2009

03-02-2010

Active

NO

 

 

Name :

Mr. Sandeep Shrikant Shah

Designation :

Director

Address :

Dhun House, 1st Floor, Tejpal Road, Gamdevi, Mumbai - 400004, Maharashtra, India

Date of Birth/Age :

11.05.1972

Date of Appointment :

21.06.1999

DIN No.:

00084184

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

U32109PN1999PTC017928

RAJDEEP AUTOMATION PRIVATE LIMITED

Director

21-06-1999

21-06-1999

-

Active

NO

2

U51501PN1996PTC100116

RAJDEEP DISTRIBUTORS PRIVATE LIMITED

Director

20-10-2002

20-10-2002

-

Active

NO

3

U31900PN2009PTC133606

CONTRINEX AUTOMATION PRIVATE LIMITED

Director

05-03-2009

05-03-2009

03-02-2010

Active

NO

 

 

Name :

Mr. Bharat Kirtilal Shah

Designation :

Director

Address :

9/10, Kamla Prabha Apartments, Adinath Socity, Satara Road, Pune – 411037, Maharashtra, India

Date of Birth/Age :

07.12.1953

Date of Appointment :

20.10.2002

DIN No.:

00084217

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

U51501PN1996PTC100116

RAJDEEP DISTRIBUTORS PRIVATE LIMITED

Director

01-04-1997

01-04-1997

Active

NO

2

U32109PN1999PTC017928

RAJDEEP AUTOMATION PRIVATE LIMITED

Director

21-06-1999

21-06-1999

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Shrikant Shah Jointly with Smita Shah

107294

Deepak Kirtilal Shah Jointly with Sandhya Deepak Shah

10

Sandeep S. Shah Jointly with Rima Sandeep Shah

116065

Anand Shah Jointly with Deepak Shah

10

Shrenik Shah Jointly with Deepak Shah

24851

Shrenik Shah Jointly with Sandhya Shah

15436

Smita Shah Jointly with Shrikant Shah

43894

Shrikant Shah (HUF)

41055

Sandeep Shah Jointly with Shrikant Shah

50274

Sandeep Shrikant Shah Jointly with Smita Shah

9286

Sandhya Shah Jointly with Deepk Shah

10

Gautam Shah Jointly with Deepak Shah

10

Dushyant Shah Jointly with with Harsha Shah

10

Harsha Shah Jointly with Dushyan Shah

10

Neeraj Shah Jointly with Dushyant Shah

10

Bharat Shah Jointly with Nilima Shah

15028

Nilima Shah Jointly with Bharat Shah

10

Bharat K. Shah Jointly with Shrenik D. Shah

24000

Shrenik Deepak Shah Jointly with Bharat Shah

32100

Shardaben Shah Jointly with Shrenik Shah

10

Shrenik D. Shah Jointly with Shardaben Shah

21479

Reema Sandeep Shah Jointly with Sandeep Shrikant Shah

23451

Shweta Shah Jointly with Anand Shah

10

Sheetal Shrenik Shah Jointly with Shrenik Deepak Shah

24052

Shrikant Shah

100

Sandeep Shah

100

Shrenik Shah

100

Shrenik Shah Jointly with Sheetal Shah

209479

Shrenik Shah (HUF)

21535

Oneil Shah Jointly with Shrenik Shah

1000

Total

780679

 

 

As on 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Electronic and Electrical Machinery Parts like Sensor, Encoder and Counter.

 

 

Products :

·         Counters

·         Conduits

·         Hour Meters

·         Drag Chains

·         Geared Motors

·         Couplings

·         Encoders

·         Sensors

·         Transducers

·         PLC + HMI

·         Touch Screens

·         Safety Switches

·         Ultrasonic Switches

·         Proximity Switches

·         Position Indicators

·         Process Controllers

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

PRODUCTION STATUS (AS ON 31.03.2012)

 

Particulars

Unit

Actual Production

Motorized Potentiometer

Nos.

235

Limit Switch and Manual Switch

Nos.

183

Timer

Nos.

0

Encoder

Nos.

57

Infra Red Sensing System

Nos.

232

Power Pack

Nos.

403

Electronic Opto Amplifier

Nos.

39

Digital Presetable Counter

Nos.

0

Control Panel

Nos.

0

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

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

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

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

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Bank of India

·         Citibank

·         HDFC Bank Limited

·         Indian Bank

·         Punjab National Bank

·         Standard Chartered Bank

·         Janata Sahakari Bank

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Joshi and Pol

Chartered Accountants

Address :

Malhari, A2/22, Rambaug Colony, Navi Peth, Pune – 411030, Maharashtra, India

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

AAAFA9699J

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

As on 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

800000

Equity Shares

Rs.10/- Each

Rs.8.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

780679

Equity Shares

Rs.10/- Each

Rs.7.807 millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

7.807

7.807

7.807

(b) Reserves & Surplus

135.808

114.827

96.999

(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)

143.615

122.634

104.806

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

47.513

53.179

46.404

(b) Deferred tax liabilities (Net)

2.699

2.461

2.401

(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)

50.212

55.640

48.805

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

10.092

15.179

10.439

(c) Other current liabilities

8.244

9.737

6.986

(d) Short-term provisions

3.500

36.390

28.063

Total Current Liabilities (4)

21.836

61.306

45.488

 

 

 

 

TOTAL

215.663

239.580

199.099

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

46.002

48.567

49.052

(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

59.876

48.458

16.044

(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

1.774

0.000

0.012

Total Non-Current Assets

107.652

97.025

65.108

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

35.864

29.392

23.013

(c) Trade receivables

43.919

49.091

47.770

(d) Cash and cash equivalents

14.423

21.129

31.484

(e) Short-term loans and advances

13.629

42.925

31.521

(f) Other current assets

0.176

0.018

0.203

Total Current Assets

108.011

142.555

133.991

 

 

 

 

TOTAL

215.663

239.580

199.099

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

TOTAL                                    

214.008

223.283

215.567

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

187.065

194.699

185.454

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

26.943

28.584

30.113

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

2.423

2.245

2.195

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

24.520

26.339

27.918

 

 

 

 

 

Less

TAX                                                                 

3.738

8.510

8.807

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

20.782

17.829

19.111

 

 

 

 

 

Add

EXCESS PROVISION FOR EARLIER YEAR

0.198

0.000

(0.004)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

112.099

94.270

75.163

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

122.079

112.099

94.270

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

2.520

3.696

3.478

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

26.62

22.84

24.48

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

15.74

13.78

15.25

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.17

0.21

0.27

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.33

0.43

0.44

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

4.95

2.33

2.95

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

7.807

7.807

7.807

Reserves & Surplus

96.999

114.827

135.808

Net worth

104.806

122.634

143.615

 

 

 

 

long-term borrowings

46.404

53.179

47.513

Short term borrowings

0.000

0.000

0.000

Total borrowings

46.404

53.179

47.513

Debt/Equity ratio

0.443

0.434

0.331

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Total Income

215.567

223.283

214.008

 

 

3.579

(4.154)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Total Income

215.567

223.283

214.008

Profit

19.111

17.829

20.782

 

8.87%

7.98%

9.71%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

Yes

24]

Banking facility details

No

25]

Conduct of the banking account

-----

26]

Buyer visit details

-----

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From others

Unsecured loan from Shareholders and directors

47.513

53.179

Total

47.513

53.179

 

NOTE

 

Interest @ 12% paid on reducing balance.

 

 

FIXED ASSETS

 

 

·         Free Hold Land

·         Shops at Ahmedabad

·         Premises

·         Plant and Machinery

·         Motor Car

·         Vehicles

·         Bicycle

·         Computer

·         Telephone Equipment

·         Furniture and Fixtures

·         Office Equipment

 

 

 

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.62.05

UK Pound

1

Rs.96.03

Euro

1

Rs.70.43

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MRI

 

 

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

5

--LEVERAGE

1~10

4

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

43

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.