MIRA INFORM REPORT

 

 

Report No. :

331186

Report Date :

09.07.2015

 

IDENTIFICATION DETAILS

 

Name :

AISHWARYA PLAST EXPORTS PRIVATE LIMITED

 

 

Formerly Known As :

AISHWARYA LEASING AND FINANCE PRIVATE LIMITED

 

 

Registered Office :

C- 206, Ghatkopar Industrial Estate, L.B.S. Marg, Near Anacin Company, Ghatkoper (West), Mumbai – 400086, Maharashtra

Tel. No.:

91-22-25007155

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

02.01.1996

 

 

Com. Reg. No.:

11-095827

 

 

Capital Investment / Paid-up Capital :

Rs. 19.000 Million

 

 

CIN No.:

[Company Identification No.]

U65910MH1996PTC095827

 

 

IEC No.:

0301063877

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCA8815C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Plastic Granules, Garbage Bags, etc.

 

 

No. of Employees :

Information declined by management

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Aishwaraya Plast Exports Private Limited is a Private Company incorporated on 2nd January, 1996.

 

It is established company having moderate track record.

 

It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 19.000 Million and its paid up capital is Rs. 19.000 Million.

 

The company has incurred accumulated loss for the year 2014. Profitability of the company also seems to be low.

 

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

 

The company can be considered for business dealing with some caution.

 

NOTE:

The subject company has been found under RBI Defaulter as on 2005 list. The name of the Credit Grantors is Union Bank of India and amount changed is Rs. 16.100 Million.

 

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

 

Rating Agency Name

CRISIL

Rating

Long term rating = B+

Rating Explanation

Have risk prone – credit quality and carries very high credit risk

Date

30.10.2014

 

Rating Agency Name

CRISIL

Rating

Short term rating = A4

Rating Explanation

Have Minimal degree and very high credit risk.

Date

30.10.2014

 

 

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 31-03-2013.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON CO-OPERATIVE

 

(TEL. NO.: 91-22-25007155)

 

 

LOCATIONS

 

Registered/ Admin Office :

C- 206, Ghatkopar Industrial Estate, L.B.S. Marg, Near Anacin Company, Ghatkoper (West), Mumbai – 400086, Maharashtra, India

Tel. No.:

91-22-25007155 96 Lines)

Fax No.:

91-22-25007166

E-Mail :

info@jjpolyimpex.co.in

 

 

Factory :

Plot No. 84, GIDC Estate, Por Ramangamdi, Vadodara - 391243, Gujarat, India

Tel. No.:

91-265-2830862/2391757 

Fax No.:

91-265-2830862

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Vijayachandran Govindan Menon

Designation :

Director

Address :

303/9, Shubharambh Towerts,, Manpada, Thane, Thane - 400607, Maharashtra, India

Date of Birth/Age :

21.03.1970

Date of Appointment :

10.05.2014

DIN No.:

00347937

 

 

Name :

Mr. Joseph John Parakkott

Designation :

Director

Address :

1303/1304,C-Wing, Lake Florence, Lake Home, Phase -1 Off. Adi Shandara Charyamarg, Mumbai - 400076, Maharashtra, India

Date of Birth/Age :

27.04.1970

Date of Appointment :

28.06.2003

DIN No.:

01032342

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

Suneeta Jain

60

Hemantkumar Jain

60

P. Govindran

20

Chandrashekhar Joshi

20

Bhagwati M. Patel

20

JosephJohn Parakkot

920070

Rosamma Parakkot

100

Madhani Investment and Finance Private Limited, India

58650

Parakkott Investments India Private Limited, India 

921000

 

 

Total

1900000

 

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

51.56

Directors or relatives of directors

48.44

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Plastic Granules, Garbage Bags, etc.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Information declined by management

 

 

Bankers :

Bank Name:

The Saraswat Co-Operative Bank Limited

Branch:

Prabhat Bhavan, Block B, 1st Floor, 96, L.B.S. Marg, Opp. Cipla, Vikhroli (West), Mumbai - 400083, Maharashtra, India

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

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

 

Average Balance Maintained (Optional):

--

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

--

Account Operation:

--

Remarks:

--

 

·         The Saraswat Co-Operative Bank Limited, Rasec Dept, 303, Ishan Arcade, 3rd Floor, Opposite Gaondevi Temple, Naupada, Thane - 400602, Maharashtra, India

 

·          The Saraswat Co-Operative Bank Limited, SME Branch, 1st Floor, Prabhat Bhavan, Opposite Cipla, Vikroli (West), Mumbai - 400083, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loans from Banks (Secured amount of Rs. 0.682 Million secured against hypothecation of car is repayable in 60 monthly instalments of Rs 12,800 and carried interest @10.40% p.a.)

(Loan amount of Rs. 0.674 Million secured against hypothecation of car is repayable in 80 monthly instalments of Rs. 12,800 and carried interest @10.40% p. a)

(Amount payable against plant and machinery Rs. 8.323 Million Previous year Rs. 7.541 Million )

11.885

12.781

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

 

 

From Banks

 

 

Includes packing credit facility Rs. 6.500 Million Previous year Rs. 6.500 Million)

6.763

6.643

 

 

 

Total

 

68.579

41.284

 

Banking Relations :

--

 

 

Auditors :

 

Name :

R. Devarajan and Company

Chartered Accountants

Address :

408, Anurag Business Centre, Near Amar Theatre, Chembur, Mumbai – 400071, Maharashtra, India

Tel. No.:

91-22-67655502/ 67695511

Fax No.:

91-22-67655510

E-Mail :

rdevco@gmail.com

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

AAEFR0229A

 

 

Associates:

·         J.J. Polypiast Private Limited

·         J.J. Poly Impex Private Limited

 

 

Company where there is significant influence of directors :

Parakkott Investments India Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1.900,000

Equity Shares

Rs. 10/- each

Rs. 19.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1.900,000

Equity Shares

Rs. 10/- each

Rs. 19.000 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

19.000

9.000

9.000

(b) Reserves & Surplus

(3.463)

(4.472)

(5.165)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

5.200

10.000

10.000

Total Shareholders’ Funds (1) + (2)

20.737

14.528

13.835

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

61.816

34.641

30.204

(b) Deferred tax liabilities (Net)

0.390

0.170

0.046

(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)

62.206

34.811

30.250

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

6.763

6.643

24.822

(b) Trade payables

144.619

81.275

17.682

(c) Other current liabilities

29.943

18.717

4.424

(d) Short-term provisions

0.418

0.296

0.374

Total Current Liabilities (4)

181.743

106.931

47.302

 

 

 

 

TOTAL

264.686

156.270

91.387

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

34.954

24.852

17.078

(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

0.025

0.025

0.025

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.897

1.418

1.311

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

36.876

26.295

18.414

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

58.309

10.905

16.232

(c) Trade receivables

81.824

83.951

41.693

(d) Cash and cash equivalents

44.170

10.225

7.972

(e) Short-term loans and advances

43.507

24.894

7.076

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

227.810

129.975

72.973

 

 

 

 

TOTAL

264.686

156.270

91.387

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

284.622

194.630

168.445

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

279.514

190.098

164.421

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

5.108

4.532

4.024

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

3.538

3.255

2.340

 

 

 

 

 

 

PROFIT BEFORE TAX

1.570

1.277

1.684

 

 

 

 

 

Less

TAX                                                                 

0.562

0.583

0.344

 

 

 

 

 

 

PROFIT AFTER TAX

1.008

0.694

1.340

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

196.421

179.102

0.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

0.000

0.000

127.019

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.53

0.77

1.49

 

 

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

3.690

(37.181)

 

 

 

 

Net Cash from Operating Activities

NA

12.190

(32.396)

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.35

0.36

0.80

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.59

0.82

1.84

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.09

0.12

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

3.31

2.84

3.98

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.25

1.22

1.54

 

 

 

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

9.000

9.000

19.000

Reserves & Surplus

(5.165)

(4.472)

(3.463)

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

10.000

10.000

5.200

Net worth

13.835

14.528

20.737

 

 

 

 

Long-term borrowings

30.204

34.641

61.816

Short term borrowings

24.822

6.643

6.763

Total borrowings

55.026

41.284

68.579

Debt/Equity ratio

3.977

2.842

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)

Total Income

168.445

194.630

284.622

 

 

15.545

46.237

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

168.445

194.630

284.622

Profit

1.340

0.694

1.008

 

0.80%

0.36%

0.35%

 

 

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

Yes

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%

--

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

 

 

INDEX OF CHARGES

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10484509

25/02/2014

17,500,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96, L.B.S. M 
ARG, OPP. CIPLA, VIKHROLI (WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

C00358192

2

10460458

01/11/2013

585,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

RASEC DEPT, 303, ISHAN ARCADE, 3RD FLOOR, OPP GAO 
NDEVI TEMPLE, NAUPADA, THANE - 400602, MAHARASHTRA, INDIA

B89644694

3

10411116

11/02/2013

9,000,000.00

THE SARASWAT CO-OPERATIVE BANK LTD

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96, L.B.S. MARG, OPPOSITE CIPLA, VIKHROLI (WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

B70553003

4

10454371

04/04/2012

6,000,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96,, L.B.S. MARG, OPP. CIPLA, VIKHROLI (WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

B76502400

5

10342012

01/03/2012

250,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96, L.B.S. MARG, OPP. CIPLA, VIKHROLI (WEST), MUMBAI 400083, MAHARASHTRA , INDIA

B34967422

6

10257184

09/10/2010

678,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

SME BRANCH, 1ST FLOOR, PRABHAT BHAVAN, OPP. CIPLA 
, VIKROLI(WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

B00165605

7

10151595

14/03/2009

5,500,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

GHATKOPAR (WEST) BRANCH, BHAVESHWAR ARCADE,GROUND, 
FLOOR,OPP.SHREYAS CINEMA,L.B.S.ROAD,

GHATKOAR (WEST), MUMBAI - 400086, MAHARASHTRA, INDIA

A59617506

8

10136774

10/09/2014 *

173,925,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96,, L.B.S. M 
ARG, OPP. CIPLA, VIKHROLI (WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

C34294207

9

10136775

11/02/2013 *

34,975,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96, L.B.S. MA 
RG, OPP. CIPLA, VIKHROLI (WEST), MUMBAI - 400083, MAHARASHTRA, INDIA

B71173421

10

10136772

17/11/2014 *

113,750,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96,, L.B.S. M 
ARG, OPP. CIPLA, VIKHROLI (WEST)., MUMBAI - 400083, MAHARASHTRA, INDIA

C36643831

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Loans and advances from related parties

49.931

21.860

 

 

 

Total

 

49.931

21.86

 

 

 

 

 

 

CONTINGENT LIABILITIES:

 

Particulars

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

Sales Tax Matters

0.742

0.742

 

 

 

Total

 

0.742

0.742


FIXED ASSETS:

 

·         Factory Land

·         Plat and Machinery

·         Computer

·         Office Equipment’s

·         Furniture and Fixtures

·         Motor Vehicle

·         Weighing Scale

 

 

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.63.57

UK Pound

1

Rs.98.22

Euro

1

Rs.69.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

2

--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

YES

--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

 

--

 

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