MIRA INFORM REPORT

 

 

Report No. :

333299

Report Date :

23.07.2015

 

IDENTIFICATION DETAILS

 

Name :

KETUL CHEM PRIVATE LIMITED

 

 

Registered Office :

Office No. 403, Western Edge I, Kanakia Spaces, Western Express Highway, Borivali (East), Mumbai – 400066, Maharashtra 

Tel. No.:

91-22-28014994

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

05.01.1990

 

 

Com. Reg. No.:

11-054903

 

 

Capital Investment / Paid-up Capital :

Rs.114.932 Million

 

 

CIN No.:

[Company Identification No.]

U24110MH1990PTC054903

 

 

TIN No.:

Not Available

 

 

IEC No.:

0393029735

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACK5766A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader, Importers and Dealers in Solvents and Chemicals. 

 

 

No. of Employees :

40 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

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 having satisfactory track record.

 

For the financial year ended 2014, company has achieved sales turnover growth of 26.47% but reported lower profitability margins at 0.43%.

 

Rating also takes into consideration company’s sound financial risk profile marked by above average net worth base and moderate debt protection metrics of the company.

 

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 condition.

 

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 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Mr. Nilesh

Designation :

Accounts Head

Contact No.:

91-22-66841111

Date :

22.07.2015

 

 

LOCATIONS

 

Registered Office :

Office No. 403, Western Edge I, Kanakia Spaces, Western Express Highway, Borivali (East), Mumbai – 400066, Maharashtra, India

Tel. No.:

91-22-66841111 / 28909449 / 28014994

Mobile No.:

91-9820460992 (Mr. Nilesh Tetar)

Fax No.:

91-22-28905941

E-Mail :

ketul@bom8.vsnl.net.in         

nirav@ketulchem.in

hasmukhshah@ketulchem.in

bhupendrashah@ketulchem.in

Area :

7763 Sq. Ft.

Location :

Owned

 

 

Branch Office 1 :

Plot No.1003/2, 3rd Phase G.I.D.C, Opposite Champion Jointings Private Limited, Vapi - 396195, Gujarat, India

Tel. No.:

91-260-2435299

Fax No.:

91-260-2434452

Location :

Owned

 

 

Branch Office 2 :

T-66, MIDC, Tarapur Industrial Area, Tarapur, Thane – 401502, Maharashtra, India

Location :

Owned

 

 

Branch Office 3 :

Plot No. 1706/13 Near Sona Engineering, Behind Atique Bakery, GIDC, Ankleshwar - 393002, Gujarat, India

Location :

Owned

 

 

Branch Office 4 :

Popular Plaza, Office no. 15, 2nd Floor, Sector No. 1/A, District Kutch, Gandhidham - 370201, India

Location :

Owned

 

 

Branch Office 5 :

308, 9, 3rd Floor, Kalpana Colony, Sanmukh Complex, Opposite Samruddh Dairy, Near Bus Stop, Navrangpura, Ahmedabad – 380009, Gujarat, India

Location :

Owned

 

 

DIRECTORS

 

As on 29.09.2013

 

Name :

Mr. Hasmukh Chunilal Shah

Designation :

Whole Time Director

Address :

A/302, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India

Date of Birth/Age :

14.08.1958

Qualification : 

M. Sc.

Date of Appointment :

05.01.1990

Experience :

31 Years

DIN No.:

00283508

 

 

Name :

Mr. Bhupendra Chunilal Shah

Designation :

Whole Time Director

Address :

C/202, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India

Date of Birth/Age :

27.06.1961

Qualification : 

B. Com

Date of Appointment :

20.11.1993

Experience :

21 years

DIN No.:

00834321

           

 

KEY EXECUTIVES

 

Name :

Mr. Nilesh

Designation :

Accounts Head

 

 

MAJOR SHAREHOLDERS

 

As on 29.09.2013

 

Names of Shareholders

 

No. of Shares

Hasmukh Chunilal Shah

 

3905990

Hasmukh Chunilal Shah(HUF)

 

132970

Prerna Hasmukh Shah

 

2039590

Bhupendra Chunilal Shah

 

2558950

Bhupendra Chunilal Shah(HUF)

 

1166143

Tanu Bhupendra Chunilal Shah

 

80010

Champaben Chunilal Shah

 

462010

Taraben Kantilal Shah

 

69171

Indiraben C. Shah

 

53351

Anju A Shah

 

25010

P.H. Solvents and Chem Private Limted, India

 

1000000

Total

 

11493195

 

Equity Share Break up (Percentage of Total Equity)

 

As on 29.09.2013

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Importers and Dealers in Solvents and Chemicals. 

 

 

Products :

Product Description

ITC Code

Trading in Solvent and Chemicals

99884210
  • Toluene
  • Styrene Monomer
  • Methanol
  • Phenol

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Raw Material

Countries :

Far East Countries

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Ranbaxy Laboratories Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

  • Lupin Limited
  • Gujarat Insecticides Limited
  • Cadila Healthcare Limited
  • Merck
  • Glenmark
  • Cadila Pharmaceuticals Limited
  • New Land Laboratories
  • Sanofi Aventis
  • Laxness
  • Hetero Drugs Limited
  • P I Industries Limited

 

 

No. of Employees :

40 (Approximately)

 

 

Bankers :

Banker Name

Yes Bank Limited

Branch Address

Part Ground Floor, Tower-2, Indiabulls Finance Centre, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, 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)

Cash Credit = Rs.10.000 Million

LC = Rs.190.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banker Name

ICICI Bank Limited

Branch Address

Land Mark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India

Credit Facilities Enjoyed (If any)

Cash Credit = Rs.30.000 Million

LC = Rs.360.000 Million

 

Banker Name

DBS Bank Limited

Branch Address

221, Dr. D.N. Road, Fort House, Fort, Mumbai – 400001, Maharashtra, India

Credit Facilities Enjoyed (If any)

Cash Credit = Rs.50.000 Million

LC = Rs.150.000 Million

 

  • Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
  • Development Credit Bank Limited, 221, Fort House, 3rd Floor, D.N. Road, Fort, Mumbai – 400001, Maharashtra, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Other Loans and Advances

1.440

2.296

SHORT TERM BORROWING

 

 

Loans repayable on demand

126.862

50.023

Total

128.302

52.319

 

Auditors :

 

Name :

SNH and Associates

Chartered Accountants

Address :

A-203/207, Mangal Arambh, 2nd Floor, Off S.V. Road, Near Kora Kendra, Borivali (West), Mumbai – 400092, Maharashtra, India

Tel. No.:

91-22-40629292

E-Mail :

sudhir@snhca.in

PAN No.:

ACAFS8638J

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:
  • Palladium Trading and Investments Private Limited
  • KDAC Chem Private Limited

 

 

CAPITAL STRUCTURE

 

 

As on 31.03.2014         

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

12000000

Equity Shares

Rs.10/- each

Rs.120.000 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

11493195

Equity Shares

Rs.10/- each

Rs.114.932 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.204

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

114.932

114.932

114.932

(b) Reserves & Surplus

134.853

120.855

104.510

(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)

249.785

235.787

219.442

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

230.391

272.143

245.231

(b) Deferred tax liabilities (Net)

5.236

3.570

2.039

(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)

235.627

275.713

247.270

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

126.862

50.023

26.374

(b) Trade payables

634.413

581.177

481.078

(c) Other current liabilities

36.843

17.617

10.366

(d) Short-term provisions

4.087

0.000

0.882

Total Current Liabilities (4)

802.205

648.817

518.700

 

 

 

 

TOTAL

1287.617

1160.317

985.412

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

89.707

91.187

24.231

(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

20.042

19.218

17.481

(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

1.355

1.355

57.383

Total Non-Current Assets

111.104

111.760

99.095

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

97.158

198.879

133.150

(c) Trade receivables

895.482

689.229

640.974

(d) Cash and cash equivalents

155.189

102.427

53.594

(e) Short-term loans and advances

28.684

58.022

58.599

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1176.513

1048.557

886.317

 

 

 

 

TOTAL

1287.617

1160.317

985.412

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.204

31.03.2013

31.03.2012

 

 

 

 

 

REVENUE FROM OPERATION

 NA

2678.595

2527.051

 

 

 

 

 

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

23.287

25.724

23.917

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

3.614

2.700

1.690

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

19.673

23.024

22.227

 

 

 

 

 

Less

TAX

6.716

6.680

7.165

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

12.957

16.344

15.062

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

120.854

104.510

89.912

 

 

 

 

 

Less/ Add

(SHORT)/ EXCESS PROVISION OF TAX

(0.009)

0.000

(0.464)

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

949.277

695.423

573.726

 

TOTAL IMPORTS

949.277

695.423

573.726

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.12

1.42

1.31

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

3670.000

 

The above information has been parted by Mr. Nilesh (Accounts Head).

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

42.448

39.478

39.300

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

NA

0.61

0.60

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.55

2.02

2.30

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.10

0.10

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.43

1.37

1.24

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.47

1.62

1.71

 

 

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

114.932

114.932

114.932

Reserves & Surplus

104.510

120.855

134.853

Net worth

219.442

235.787

249.785

 

 

 

 

long-term borrowings

245.231

272.143

230.391

Short term borrowings

26.374

50.023

126.862

Total borrowings

271.605

322.166

357.253

Debt/Equity ratio

1.238

1.366

1.430

 

 

 

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

Yes

18

Major suppliers

No

19

Major customers

Yes

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 four 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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

Note:

The registered address has been shifted from the 114/115/116 Dattani Trade Centre Borivali (West) Mumbai - 400093, Maharashtra, India to the present address w.e.f. 05.11.2012

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from related parties

228.951

269.847

Total

228.951

269.847

 

 

INDEX OF CHARGE:

 

S.NO.

CHARGE ID

DATE OF CHARGE C             REATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE                                      HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10431021

07/06/2013

200,000,000.00

DBS BANK LIMITED

221, FORT HOUSE, 3RD FLOOR, D.N.ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA

B77068757

2

10431939

07/06/2013

200,000,000.00

YES BANK LIMITED

NEHRU CENTER, 9TH FLOOR, DISCOVERY OF INDIA BUILDING, DR A B ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA

B77448702

3

10413696

15/03/2013

200,000,000.00

DBS BANK LIMITED

221, FORT HOUSE, 3RD FLOOR, D.N.ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA

B71414320

4

10371406

19/06/2013 *

200,000,000.00

YES BANK LIMITED

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

B80626104

5

10340896

24/02/2012

55,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA

B34460972

6

10350085

16/06/2010

75,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA

A96764642

7

10153522

11/05/2009 *

10,000,000.00

3I INFOTECH TRUSTEESHIP SERVICES LIMITED

3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA

A63066849

8

10106191

27/03/2008

60,000,000.00

3I INFOTECH TRUSTEESHIP SERVICES LIMITED

3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA

A39594551

9

10074406

07/11/2007

60,000,000.00

3I INFOTECH TRUSTEESHIP SERVICES LIMITED

3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA

A26367979

10

10070246

26/07/2013 *

330,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA

B83335570

 

*Date of modification Charges

 

 

FIXED ASSETS:

 

  • Land
  • Building
  • Office Premises
  • Type Writer
  • Weighing Machine
  • Furniture and Fixtures
  • Pager
  • EPBAX
  • Computer
  • Printer
  • Fax Machine
  • Air Conditioner
  • Fire Extinguisher
  • Mobile Phone
  • Aqua Guard
  • Storage Tanks
  • Motor Bike
  • Vending Machine

 

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.63.52

UK Pound

1

Rs.99.19

Euro

1

Rs.69.60

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

PNM

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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.