MIRA INFORM REPORT

 

 

Report No. :

325820

Report Date :

11.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KRITIKA WIRES PRIVATE LIMITED

 

 

Registered Office :

1A, Bonfield Lane, Mezanine Floor, Kolkata – 700001, West Bengal

Tel. No.:

91-22-40915176 (Ms. Saumya)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

31.05.2004

 

 

Com. Reg. No.:

21-098699

 

 

Capital Investment / Paid-up Capital :

Rs. 60.700 Million

 

 

CIN No.:

[Company Identification No.]

U27102WB2004PTC098699

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALK04365E

 

 

PAN No.:

[Permanent Account No.]

AACCK5615N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Supplier and Exporter of a wide range of high quality Galvanized Wire and Industrial Steel Wires.

 

 

No. of Employees :

100 (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 :

Exist

 

 

Comments :

Subject is an established company having satisfactory track record.

 

For financial year ended 2014, company has reported healthy operational performance with topline growth of 40.39% but profitability of company remains low at 0.56%.

 

Rating also takes into consideration company’s healthy financial risk profile marked by adequate net worth bade and fair. liquidity position of the company. 

 

Trade relations are fair. Business is active, payment terms are reported to be usually correct.

 

In view of sound financial profile, 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.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

 

Rating Agency Name

CRISIL

Rating

Long Term Rating: BB (Suspended)

Rating Explanation

Inadequate degree of safety and high credit risk.

Date

28.05.2014

 

Rating Agency Name

CRISIL

Rating

Short Term Rating: A4+ (Suspended)

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

28.05.2014

 

(Reason for Suspension: - Absence of adequate information.)

 

 

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 :

Ms. Saumya

Designation :

Finance Department

Contact No.:

91-22-40915176

Date :

10.06.2015

 

 

LOCATIONS

 

Registered Office :

1A, Bonfield Lane, Mezanine Floor, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-22429581

Mobile No.:

91-22-40915176 (Ms. Saumya)

Fax No.:

91-33-22426081

E-Mail :

skbhartia@live.com

sales@kritikawires.com

Location :

Owned

Locality :

Commercial

 

 

Factory :

Village Bhagwati Parts, Chaturbhuj Kaki, Fankrail, Howrah – 711313, West Bengal, India

 

 

DIRECTORS

 

AS ON 26.09.2014

 

Name :

Mr. Sanjeev Kumar Binani

Designation :

Director

Address :

19, Jadulal Mullick Road, Kolkata – 700006, West Bengal, India

Date of Birth/Age :

22.07.1967

Date of Appointment :

31.05.2004

DIN No.:

01149866

PAN No.:

AEDPB1936R

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

U51909WB1995PTC075661

PRATIKSHA COMMERCIAL PRIVATE LIMITED

Director

12-02-2004

12-02-2004

10-06-2010

Active

NO

2

U27102WB2004PTC098699

KRITIKA WIRES PRIVATE LIMITED

Director

31-05-2004

31-05-2004

-

Active

NO

3

U65999WB1992PTC057169

MANRO FINANCE AND TRADERS PRIVATE LIMITED

Director

20-03-2006

20-03-2006

03-07-2013

Active

NO

4

U51909WB1995PTC075859

ADITI COMMODITIES PRIVATE LIMITED

Director

07-04-2008

07-04-2008

-

Active

NO

 

 

Name :

Mr. Naresh Kumar Agarwal

Designation :

Director

Address :

CF – 307, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

09.11.1963

Date of Appointment :

30.09.2008

DIN No.:

01020334

PAN No.:

ACWPA9873H

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

U51494WB1995PTC074930

MOHTA AGENCIES PRIVATE LIMITED

Director

01-12-1997

01-12-1997

-

Active

NO

2

U65993WB1994PTC062001

R A COMPUTECH INVESTMENT AND CONSULTANT PRIVATE LIMITED

Director

18-11-2002

18-11-2002

-

Active

NO

3

U27109WB2003PLC096242

JAI HANUMAN UDYOG LIMITED

Director

23-05-2003

23-05-2003

17-05-2010

Active

NO

4

U40200OR2004PTC007920

ANKITA AIR PRODUCTS PRIVATE LIMITED

Director

31-12-2004

31-12-2004

-

Active

NO

5

U36999WB2005PTC104731

HR BUSINESS PRIVATE LIMITED

Director

12-08-2005

12-08-2005

-

Active

NO

6

U74200WB2006PTC109217

POOJA WELDING PRIVATE LIMITED

Director

31-07-2007

31-07-2007

-

Amalgamated

NO

7

U27102WB2004PTC098699

KRITIKA WIRES PRIVATE LIMITED

Director

30-09-2008

30-09-2008

-

Active

NO

8

U51909WB1995PTC075859

ADITI COMMODITIES PRIVATE LIMITED

Director

01-07-2009

01-07-2009

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Saumya

Designation :

Finance Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 26.09.2014

 

Name of Shareholders

 

No of Shares

 

 

Anil Kumar Mittal

5000

Sanjeev Kumar Binani

5000

Alltime Suppliers Private Limited, India

70000

Santosh Agarwal

160000

Sulochana Garg

770000

Naresh Kumar Agarwal

870000

Naresh Kumar Agarwal (HUF)

40000

R. A. Computech Private Limited, India

485000

Mohta Agencies Private Limited, India

380000

Balaji Electrodes Private Limited, India

260000

Aditi Commodities Private Limited, India

20000

Bluebird Dealers Private Limited, India

280000

Panchshul Merchants Private Limited, India

1000000

Gunnayak Commercial Private Limited

1725000

Total

6070000

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 26.09.2014

 

 

Category

Percentage

Bodies corporate

69.52

Directors or relatives of Directors

30.40

Other top fifty shareholders

0.08

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Supplier and Exporter of a wide range of high quality Galvanized Wire and Industrial Steel Wires.

 

 

Products :

Wire

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

Bangladesh

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

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

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Retailers and End Users

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :
  • Bank Of Baroda, India Exchange Branch, 4, India Exchange Place, Kolkata - 700001, West Bengal, India

 

Banker Name

State Bank of India

Branch Address

SME Branch, Bhowanipore, ‘Premlata’, 2nd Floor, 39 Shakespeare Sarani, Kolkata – 700017, West Bengal, 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 :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loans from banks

(Factory Land, Shed, Building, Plant & Machinery, Furniture and Fixture)

12.000

28.000

SHORT TERM BORROWING

 

 

Working capital loans from banks

157.323

179.449

Total

169.323

207.449

 

Auditors :

 

Name :

S.K. Bhartia And Associates

Chartered Accountants

Address :

39, Strand Road, 4th Floor, Room No 75, Kolkata-700001, West Bengal, India

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

ACNFS9914Q

 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Other Related Parties :
  • Mohta Agencies Private Limited, India (U51494WB1995PTC074930)
  • Classic Electrodes (India) Limited, India (U70100WB1997PLC085600)
  • Alltime Suppliers Private Limited, India (U51109WB1994PTC062078)

 

 

CAPITAL STRUCTURE

 

AS ON 26.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8000000

Equity Shares

Rs.10/- each

Rs.80.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

6070000

Equity Shares

Rs.10/- each

Rs.60.700 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

60.700

35.825

33.450

(b) Reserves & Surplus

212.820

129.773

113.295

(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)

273.520

165.598

146.745

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

103.926

99.815

110.461

(b) Deferred tax liabilities (Net)

10.279

6.291

0.661

(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)

114.205

106.106

111.122

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

157.323

179.449

84.925

(b) Trade payables

374.333

107.468

65.199

(c) Other current liabilities

49.987

39.885

25.300

(d) Short-term provisions

7.382

4.056

0.891

Total Current Liabilities (4)

589.025

330.858

176.315

 

 

 

 

TOTAL

976.750

602.562

434.182

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

222.179

166.400

186.442

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

3.749

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.200

0.200

0.200

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.100

0.100

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

222.479

170.449

186.642

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

186.194

70.663

90.618

(c) Trade receivables

457.705

326.433

127.345

(d) Cash and cash equivalents

26.590

11.200

4.637

(e) Short-term loans and advances

83.562

23.434

24.850

(f) Other current assets

0.220

0.383

0.090

Total Current Assets

754.271

432.113

247.540

 

 

 

 

TOTAL

976.750

602.562

434.182

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

NA

NA

768.139

 

Other Income

NA

NA

15.911

 

TOTAL (A)

NA

NA

784.050

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Increase/(Decrease) in Stock

NA

NA

(12.479)

 

Cost of materials Consumed

NA

NA

604.322

 

Purchases of Stock in Trade

NA

NA

134.004

 

Benefits to Employee

NA

NA

3.062

 

Administrative and Other Expenses

NA

NA

2.899

 

TOTAL (B)

NA

NA

731.808

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

NA

NA

52.242

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

NA

NA

27.200

 

 

 

 

 

 

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

NA

NA

25.042

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

NA

NA

20.371

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

NA

NA

4.671

 

 

 

 

 

Less

TAX (H)

NA

NA

1.600

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

8.422

7.853

3.071

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD  (K)

9.098

1.245

(1.826)

 

 

 

 

 

 

Balance Carried to the B/S (J+K+L-M)

17.500

9.098

1.245

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 1.39

2.19

0.92

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

16.000

16.000

16.000

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

NA

NA

0.40

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

NA

NA

6.80

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

NA

NA

1.08

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

NA

NA

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.01

1.78

1.44

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.28

1.31

1.40

 

 

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

33.450

35.825

60.700

Reserves & Surplus

113.295

129.773

212.820

Net worth

146.745

165.598

273.520

 

 

 

 

long-term borrowings

110.461

99.815

103.926

Short term borrowings

84.925

179.449

157.323

Current maturities of long-term debts

16.000

16.000

16.000

Total borrowings

211.386

295.264

277.249

Debt/Equity ratio

1.440

1.783

1.014

 

 

 

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

Yes

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

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 one 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

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

NOTE: Registered office of the company has been shifted from 75, N. S. Road, IST Floor, Kolkata – 700001, West Bengal, India to the present address w.e.f. 01.07.2008

 

LITIGATION DETAILS:

 

CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM

Case Status    :   Pending

Status of          COMPANY PETITIONS (CP)  2        of    2015    

RE : CEEBUILD COMPANY (P) LTD. -AND-                 Vs.                  KRITIKA WIRES (P) LIMITED

Pet's Adv.       :   PRASHANT AGARWAL                   

Res's Adv.      :       

Court No.       :  23     Last Listed On :     Monday, April 06, 2015     

Category        :   NO CATEGORY MENTIONED

    

CONNECTED APPLICATION (S)


No Connected Application.

CONNECTED MATTER (S)


No Connected Cases.

Case Updated on:   Thursday, April 30, 2015

 

 

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWING

 

 

Term loans from others

91.926

71.815

Total

91.926

71.815

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10518098

14/08/2014

231,000,000.00

KARNATAKA BANK LIMITED

OVERSEAS BRANCH, 1, SAROJINI NAIDU SARANI, KOLKATA, WEST BENGAL - 700017, INDIA

C19219104

2

10397652

03/06/2013 *

293,000,000.00

STATE BANK OF INDIA

SME BRANCH: BHOWANIPORE, 'PREMLATA', 2ND FLOOR, 39, SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA

B77948495

 

* Date of charge modification

 

 

FIXED ASSETS

 

·         Land

·         Buildings

·         Residential, Office, Factory Building

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Motor Vehicles

·         Office Equipment

·         Computer

·         Other Equipments

 

 

 

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 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.63.88

UK Pound

1

Rs.98.47

Euro

1

Rs.72.15

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

4

--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

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--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.