MIRA INFORM REPORT

 

 

Report No. :

297613

Report Date :

15.01.2015

 

IDENTIFICATION DETAILS

 

Name :

MONIBA ANAND ELECTRICALS PRIVATE LIMITED

 

 

Registered Office :

Plot No. 1, Near Fafeco Chandivli Farm, Andheri (East), Mumbai-400049, Maharashtra 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

14.05.1986

 

 

Com. Reg. No.:

11-039819

 

 

Capital Investment / Paid-up Capital :

Rs. 9.000 Millions

 

 

CIN No.:

[Company Identification No.]

U29120MH1986PTC039819

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMM20535E

 

 

PAN No.:

[Permanent Account No.]

AABCM8242Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Industrial Pumps.

 

 

No. of Employees :

45 (Approximately)

 

 

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 13000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The management has failed to file its financial record with government department for the year 2014.

 

As per available financial record of 2013, the rating is constrained on account of company’s moderate financial risk profile and huge accumulated losses incurred by the company.

 

However, trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealing 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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 PARTED BY

 

Name :

Mr. Keval Shah

Designation :

Technical Sales Engineer

Contact No.:

91-250-6450425

Date :

05.01.2015

 

 

LOCATIONS

 

Registered Office :

Plot No. 1, Near Fafeco Chandivli Farm, Andheri (East), Mumbai-400049, Maharashtra, India 

Tel. No.:

91-22-28573156/28571028

Mobile No.:

91-9324646420 [Mr. Ronak Rakesh Engineer]

Fax No.:

91-22-28573135

E-Mail :

mail@moniba.com

mail@moniba.net

Website :

http://www.moniba.net

 

 

Factory :

4/5, Saphire Building, Ground Floor, Tirupati Park, Sativali Road, Village Waliv, Taluka Vasai (East), Thane-401208, Maharashtra, India

Tel. No.:

91-250-3291580/3290746

Fax No.:

91-250-2452403

 

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Mr. Rakesh Bhogilal Engineer

Designation :

Director

Address :

B-52, Neha Apartments, Juhu Tara Road, Santacruz (West), Mumbai-400049, Maharashtra, India

Date of Birth/Age :

01.10.1960

Date of Appointment :

01.10.1989

DIN No.:

00081831

 

 

Name :

Mr. Ronak Rakesh Engineer

Designation :

Director

Address :

B-52, Neha Apartments, Juhu Tara Road, Santacruz (West), Mumbai-400049, Maharashtra, India

Date of Birth/Age :

15.07.1986

Date of Appointment :

23.03.2005

DIN No.:

01122499

 

 

KEY EXECUTIVES

 

Name :

Mr. Keval Shah

Designation :

Technical Sales Engineer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Rakesh Bhogilal Engineer

167800

Ronak Rakesh Engineer

50200

Bhogilal Hiralal Patel HUF

682000

TOTAL

900000

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Industrial Pumps.

 

 

Products :

v  Industrial Pumps.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Good

Countries :

v  Nigeria

v  Dubai

v  Africa

 

 

Imports :

 

Products :

Raw Material

Countries :

v  Italy

v  China

v  Germany

 

 

Terms :

 

Selling :

Cash and L\C

 

 

Purchasing :

Cash and L\C

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Lupin Limited – Gujarat

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

45 (Approximately)

 

 

Bankers :

 

Banker Name

The North Kanara G.S.B. Co-Operative Bank Limited

Branch Address

Shree Niketan, Hindu Friends Society, Road, Jogeshwari (East), Mumbai-400060, 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 (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banker Name

Bank of India

Branch Address

Andheri (East) Sakinaka Branch, Mumbai, 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 (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loan from Banks

 

 

N.K.G.S.B. Term Loan LNM231

0.683

0.942

N.K.G.S.B. Term Loan LNM303

1.195

1.491

N.K.G.S.B. Term Loan LNM323

(Secured by Mortgage of Director’s Flat at Jahu Tara Road Andheri)

0.687

0.000

 

 

 

Tata Capital Limited

(Secured by Hypothecations of car

0.456

0.605

Loans and advance from related parties

1.855

1.854

 

 

 

SHORT TERM BORROWINGS

 

 

N.K.G.S.B. A/c No. CC-2110

(Secured against Hypothecation of stock of raw material ,work in go down, in transit or lying anywhere else (with bank’s permission)

6.058

4.131

 

 

 

Total

10.932

9.022

 

Auditors :

 

Name :

K V Vaishnav and Company

Chartered Accountant

Address :

B-202, Jai Ambe Co-Operative Society, Sai Nagar, Vasai Road (West), Thane-401202, Maharashtra, India 

PAN No.:

ABQPV4800N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

Related Parties :

DI- SU Technologies Pvt. Ltd

 

 

CAPITAL STRUCTURE

 

As on 31.03.2013

 

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

900000

Equity Shares

Rs.10/- each

Rs. 9.000 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

9.000

9.000

9.000

(b) Reserves & Surplus

(4.449)

(4.631)

(3.920)

(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)

4.551

4.369

5.080

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.876

4.892

1.855

(b) Deferred tax liabilities (Net)

0.618

0.644

0.831

(c) Other long term liabilities

0.300

0.300

2.281

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

5.794

5.836

4.967

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7.264

5.377

5.271

(b) Trade payables

7.403

5.913

6.010

(c) Other current liabilities

2.355

1.555

1.036

(d) Short-term provisions

0.387

0.289

0.448

Total Current Liabilities (4)

17.409

13.134

12.765

 

 

 

 

TOTAL

27.754

23.339

22.812

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.280

7.401

8.154

(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

0.188

0.188

0.159

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.486

0.422

0.351

(e) Other Non-current assets

0.621

0.621

0.520

Total Non-Current Assets

8.575

8.632

9.184

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

11.423

8.564

8.453

(c) Trade receivables

6.382

4.534

4.272

(d) Cash and cash equivalents

0.622

1.059

0.342

(e) Short-term loans and advances

0.088

0.054

0.060

(f) Other current assets

0.664

0.496

0.501

Total Current Assets

19.179

14.707

13.628

 

 

 

 

TOTAL

27.754

23.339

22.812

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

37.736

29.714

23.524

 

 

Other Income

0.767

1.305

1.103

 

 

TOTAL                                    

38.503

31.019

24.627

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed

27.789

12.449

11.474

 

 

Purchase of Stock In Trade

0.634

2.179

2.432

 

 

Manufacturing Expenses

6.568

5.682

3.019

 

 

Employee benefits expenses

4.641

4.117

3.358

 

 

Other Expenses

4.110

3.246

2.811

 

 

Exceptional Items

0.013

0.184

0.191

 

 

Changes in inventories of Finished goods, work in progress and stock in trade

(1.450)

1.686

(0.22)

 

 

TOTAL (B)

42.305

29.543

23.065

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

(3.802)

1.476

1.562

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

1.366

1.164

0.889

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

(5.168)

0.312

0.673

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.242

1.210

1.096

 

 

 

 

 

 

PROFIT BEFORE TAX

(6.410)

(0.898)

(0.423)

 

 

 

 

 

Less

TAX                                                                 

(1.960)

(0.187)

(0.037)

 

 

 

 

 

 

PROFIT AFTER TAX

(4.450)

(0.711)

(0.386)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

NA

1.718

1.429

 

TOTAL EARNINGS

NA

1.718

1.429

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

NA

2.350

1.207

 

TOTAL IMPORTS

NA

2.350

1.207

 

 

 

 

 

 

Earnings Per Share (Rs.)

(4.94)

(0.79)

(0.43)

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

45.000

 

 

Expected Sales (2014-15) : Rs. 60.000 Millions

 

The above information has been parted by Mr. Keval Shah .

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

Net Profit Margin (PAT/Sales)

(%)

(11.79)

(2.39)

(1.64)

 

 

 

 

 

Operating Profit Margin (PBDIT/Sales)

(%)

(10.08)

4.97

6.64

 

 

 

 

 

Return on Total Assets (PBT/Total Assets}

(%)

(23.25)

(3.88)

(2.30)

 

 

 

 

 

Return on Investment (ROI) (PBT/Networth)

 

(1.41)

(0.21)

(0.08)

 

 

 

 

 

Debt Equity Ratio (Total Debt /Networth)

 

2.67

2.35

1.40

 

 

 

 

 

Current Ratio (Current Asset/Current Liability)

 

1.10

1.12

0.73

 

 

 

 

 

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

9.000

9.000

9.000

Reserves & Surplus

(3.920)

(4.631)

(4.449)

Net worth

5.080

4.369

4.551

 

 

 

 

long-term borrowings

1.855

4.892

4.876

Short term borrowings

5.271

5.377

7.264

Total borrowings

7.126

10.269

12.140

Debt/Equity ratio

1.403

2.350

2.668

 

 

 

 

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)

Sales

23.524

29.714

37.736

 

 

26.314

26.997

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

23.524

29.714

37.736

Profit

(0.386)

(0.711)

(4.450)

 

(1.64%)

(2.39%)

(11.79%)

 

 

 

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

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last four years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

----------------------

14]

Estimation for coming financial year

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

----------------------

22]

Litigations that the firm / promoter involved in

----------------------

23]

Banking Details

Yes

24]

Banking facility details

Yes

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

 

 

UNSECURED LOAN

(Rs. In Million)

PARTICULAR

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

 

 

 

SHORT TERM BORROWINGS

 

 

Loans and advance from related parties

 

 

Rakesh Bhogilal Engineer

0.520

0.570

Ronak Rakesh Engineer

0.686

0.676

 

 

 

Total

1.206

1.245

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10369489

13/06/2012

775,000.00

NKGSB CO.OP. BANK LTD.

JOGESHWARI (EAST) BRANCH, SHREE NIKETAN CHS, HIND 
U FRIENDS SOCIETY ROAD, JOGESHWARI (E), MUMBAI, Maharashtra - 400060, INDIA

B45279825

2

10344426

01/10/2014 *

10,000,000.00

NKGSB CO.OP. BANK LTD.

SHREE NIKETAN, HINDU FRIENDS SOCIETY ROAD, JOGESH 
WARI (EAST), MUMBAI, Maharashtra - 400060, INDIA

C30400782

3

10010143

30/06/2006

415,000.00

THE NORTH KANARA G. S. B.CO-OP.BANK LTD

SHREENIKETAN,, HINDU FRIENDS SOC RD., JOGESHWARI( 
EAST), MUMBAI, Maharashtra - 400060, INDIA

A02568004

4

90241423

13/04/2005

500,000.00

THE NORTH KANARA GSB CO-OP BANK LTD

JOGESHWARI EAST, MUMBAI, Maharashtra - 400060, IND 
IA

-

5

90230026

22/11/2004

500,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

6

90229658

24/03/2001

750,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

7

90229611

01/10/2000

1,000,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

8

90229566

01/04/2000

400,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

9

90229518

16/11/1999

1,000,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

10

90229453

03/04/1999

311,000.00

THE NORTH KANARA G.S.B. CO-OP. BANK ;TDL

JOGESHWARI, BOMBAY, Maharashtra - 400060, INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

 

  • Factory and Building
  • Plant and Equipments
  • Furniture and Fixtures
  • Vehicles
  • Office Equipment
  • Die and Mould
  • 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.62.15

UK Pound

1

Rs.94.24

Euro

1

Rs.73.30

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KRN

 

 

Report Prepared by :

ANU

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--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

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

 

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.