MIRA INFORM REPORT

 

 

Report No. :

326559

Report Date :

09.06.2015

 

IDENTIFICATION DETAILS

 

Name :

M. E ENERGY PRIVATE LIMITED (w.e.f. 08.10.2008)

 

 

Formerly Known As :

MAXHEAT ENGINEERING PRIVATE LIMITED

 

 

Registered Office :

Gat No. 1083/1B, Markal, Taluka Khed,  Pune – 412 105, Maharashtra

Tel. No.:

91-2135-660890-898

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

30.03.1998

 

 

Com. Reg. No.:

11-114226

 

 

Capital Investment / Paid-up Capital :

Rs. 15.843 Million

 

 

CIN No.:

[Company Identification No.]

U51503PN1998PTC114226

 

 

IEC No.:

3199003303

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEM02230E

 

 

PAN No.:

[Permanent Account No.]

AABCM9355L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and exporter of Energy saving, Heating and Cooling Systems. 

 

 

No. of Employees :

Not Divulged  (Approximately) / Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (31)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 230000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a private limited company established in the year 1998, having moderate track.

 

Subject is a manufacturer and exporter of energy saving heating and cooling systems.

 

Company has recorded he decrease in its sales turnover in FY14 as compare to FY13.

 

The company has restricted its losses from Rs. 131.900 Million in FY13 to Rs. 45.600 Million in FY14.

 

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

 

The company can be considered for business dealings 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 – 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

ICRA

Rating

Long term = B+ (Suspended)

Rating Explanation

Risk prone credit quality and very high credit risk.

Date

October 2014

 

Rating Agency Name

ICRA

Rating

Short term = A4  (Suspended)

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

October 2014

 

Note:

Reason for Suspension: Absence of the requisite information from the company.

 

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. Shaji Anthony

Designation :

Manager Commercial

Contact No.:

91-9623442905

Date :

08.06.2015

 

 

LOCATIONS

 

Registered Office/ Factory/ Corporate Office:

Gat No. 1083/1B, Markal, Taluka Khed,  Pune – 412 105, Maharashtra, India

Tel. No.:

91-2135-660890-898

Mobile No.:

91-9623442905 (Mr. Shaji)

Fax No.:

91-2135-660889

E-Mail :

Shaji.anthony@meenergy.com

nvgopalcs@gmail.com

devidas.gawari@meenery.com

Area :

36000 Sq. Ft.

Location :

Owned

 

 

DIRECTORS

 

AS ON 07.11.2014

 

Name :

Mr. Vijayasanker Kalathil Kartha

Designation :

Managing Director

Address :

Flat No. 501, Tower A, Gold Coast, Ivory Estate, Baner Road, Pune – 411 008, Maharashtra, India

Date of Birth/Age :

06.05.1960

Date of Appointment :

30.03.1998

DIN No.:

00176616

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

U51503PN1998PTC114226

M. E ENERGY PRIVATE LIMITED

Managing director

30-03-1998

30-03-1998

-

Active

NO

2

U29299PN2005PTC020886

MAXHEAT EQUIPMENTS PRIVATE LIMITED

Managing director

16-06-2005

16-06-2005

-

Strike off

NO

3

U29299PN2006PTC021937

MAXENERGY EQUIPMENTS PRIVATE LIMITED

Director

01-02-2006

01-02-2006

26-03-2010

Active

NO

4

U91110PN2011NPL140746

MARKAL INDUSTRIES ASSOCIATION

Director

13-09-2011

13-09-2011

-

Active

NO

 

 

Name :

Mr. Shrishail Sangappa Bahirgonde

Designation :

Director

Address :

Shree Premsunder, Veerbhadra Nagar, Baner, Pune – 411 045, Maharashtra, India

Date of Birth/Age :

01.06.1951

Date of Appointment :

09.09.2008

DIN No.:

01939398

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

U51503PN1998PTC114226

M. E ENERGY PRIVATE LIMITED

Director

09-09-2008

08-12-2007

-

Active

NO

2

U91100PN2013NPL148542

CHAKAN CHAMBER OF COMMERCE INDUSTRIES AND AGRICULTURE

Director

21-08-2013

21-08-2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Shaji Anthony

Designation :

Manager Commercial

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 07.11.2014

 

Names of Shareholders

No. of Shares

%age holding

Vijayasanker Kalathil Kartha

547640

34.57

Reema K. Kartha

212920

13.44

Shrishail Sangappa Bahirgonde

108700

6.86

Sudhir Baswnt Bharle

108700

6.86

Rashmi Kulkarni

30240

1.91

Helix Investments Company

576120

36.36

Total

1584320

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 07.11.2014

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

36.36

Directors or relatives of Directors

63.64

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and exporter of Energy saving, Heating and Cooling Systems. 

 

 

Products :
  • Energy Saving System
  • Fired Energy System
  • Special Energy System
  • Heat Exchangers and Pressure Vessels etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Sri Lanka
  • Gulf Countries

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Germany
  • Italy

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Technical Industries Steel, Mumbai, Maharashtra, India

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 :

OEMs

Reference :

Door India Private Limited, Chennai, Tamilnadu, India

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 :

300 (Approximately) 

 

 

Bankers :
  • Bank of India, Aundh Branch, Pune, Maharashtra, India 

 

Banker Name

Canara Bank

Branch Address

Pimpri Branch, Umed Bhavan, Pimpri,, Pune - 411018,

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 :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loan from bank

6.000

16.145

Vehicle loans from banks

0.364

1.406

SHORT TERM BORROWING

 

 

Loans repayable on demand

 

 

Working capital loans from banks

67.765

56.560

Total

74.129

74.111

 

Note:

Long Term Borrowing

Secured:

 

Term loan from bank carries interest rate ranging from 14.20% to 14.50% p.a. The number of quarterly installments payable as at the Balance Sheet date are 7.

Vehicle loans from banks carry interest rate ranging from 10.20% to 10.97% p.a. The number of monthly installments payable are 24 to 36.

 

Unsecured:

Loan from director carries interest rate of 12% p.a. The loan is repayable within 3 months from demand as per the agreement entered with the Director.

 

Secured offered:

Term loan from bank is secured by hypothecation of plant and equipment, furniture and fixtures, computers, other movable fixed assets and mortgage of land and building at Markal, Pune. The loan is also personally guaranteed by certain Directors. Vehicle loans are secured by hypothecation of respective vehicles.

 

Maturity of term loans

 

 

Maturity profile

 

Less than 1 years*

1-2 years

2-3 years

Secured:

 

 

 

As at 31.03.2014

9.041

6.364

-

As at 31.03.2013

9.177

13.766

8.145

 

Short Term Borrowing

 

Secured

working capital loans from banks amounting to Rs. 67.765 Million (2013: Rs. 56.560 Million) representing cash credit, overdraft and packing credit facility carry interest rate ranging between 10.70% p.a. computed on monthly basis on actual amount utilized and is repayable on demand.

 

Unsecured:

Unsecured loan from Director is repayable within 3 months from demand and carries an interest rate of 12%p.a. Unsecured loan from others repayable within 3 months from demand and carries an interest rate of 12% p.a.

 

Security:

Working capital as at the year end are secured by exclusive hypothecation charge over entire current and future stocks, trade receivables, current assets and fixed deposits of the company and second charge on movable fixed assets.

 

Auditors :

 

Name :

Kirtane and Pandit

Chartered Accountants

Address :

‘Sangati’ 73/2/2, Bhakti Marg, Law Collage Road, Pune – 411 004, Maharashtra, India

Tel. No.:

91-20-25433104 / 25438764 / 25421997

Fax No.:

91-20-25447603

E-Mail :

kpca@kirtanepandit.com

Website:

http://www.kirtanepandit.com

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

AIIPP4010B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 07.11.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs.20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1584320

Equity Shares

Rs.10/- each

Rs.15.843 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

15.843

15.843

10.082

(b) Reserves & Surplus

66.237

111.935

54.622

(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)

82.080

127.778

64.704

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

6.364

21.911

27.937

(b) Deferred tax liabilities (Net)

0.000

0.000

4.817

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

2.387

5.958

0.000

Total Non-current Liabilities (3)

8.751

27.869

32.754

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

76.125

60.560

90.059

(b) Trade payables

28.259

52.587

70.810

(c) Other current liabilities

25.649

19.829

23.921

(d) Short-term provisions

2.595

4.873

6.552

Total Current Liabilities (4)

132.628

137.849

191.342

 

 

 

 

TOTAL

223.459

293.496

288.800

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

64.747

67.293

66.981

(ii) Intangible Assets

1.538

2.338

1.345

(iii) Capital work-in-progress

0.000

3.710

3.500

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

15.392

13.794

9.610

(e) Other Non-current assets

2.451

1.980

0.000

Total Non-Current Assets

84.128

89.115

81.436

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

65.000

0.000

(b) Inventories

24.687

64.121

79.290

(c) Trade receivables

27.147

52.636

103.582

(d) Cash and cash equivalents

81.435

10.488

12.890

(e) Short-term loans and advances

5.278

12.063

11.467

(f) Other current assets

0.784

0.073

0.135

Total Current Assets

139.331

204.381

207.364

 

 

 

 

TOTAL

223.459

293.496

288.800

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL  INCOME

142.016

215.971

384.008

 

 

 

 

 

 

 

 

 

Less

EXPENSES TOTAL

187.714

347.939

371.930

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(45.698)

(131.968)

12.078

 

 

 

 

 

Less

TAX

 0.000

(4.983)

5.706

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(45.698)

(126.985)

6.372

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(28.84)

(80.15)

4.02

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

400.000

 

 

 

 

 

Expected Sales (2015-2016): Rs.500.000 Million

 

The above information has been parted by Mr. Shaji Anthony (Manager Commercial)

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

9.041

9.177

9.004

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(32.18)

(58.80)

1.66

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(20.45)

(45.54)

4.23

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.56)

(1.03)

0.19

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.12

0.72

1.96

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.05

1.48

1.08

 

 

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

10.082

15.843

15.843

Reserves & Surplus

54.622

111.935

66.237

Net worth

64.704

127.778

82.080

 

 

 

 

long-term borrowings

27.937

21.911

6.364

Short term borrowings

90.059

60.560

76.125

Current maturities of long-term debts

9.004

9.177

9.041

Total borrowings

127.000

91.648

91.530

Debt/Equity ratio

1.963

0.717

1.115

 

 

 

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)

Sales

384.008

215.971

142.016

 

 

(943.759)

(34.243)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

384.008

215.971

142.016

Profit / (Loss)

6.372

(126.985)

(45.698)

 

1.66%

(58.80%)

(32.18%)

 

 

 

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

Yes

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

No

18

Major suppliers

Yes

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 Five years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

--

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 205 Laxmi Plaza, Pune Mumbai Road, Kasarwadi, Pune – 411 007, Maharashtra, India to the present address w.e.f. 24.02.2009

 

OPERATIONS;

During the year ended 31.03.214 the company has earned total income of Rs. 142.016 Million in comparison to Rs. 215.971 Million earned in the previous year. The company has incurred net Loss of Rs. 45.698 Million in comparison to net loss of Rs. 126.986 in the previous year.

 

FUTURE PLANS:

As there is always the case, we lunch new product and services each year, expanding our basket of customer offering. We have lined up several lines for capitalizing the emerging market opportunities.

 

Company is taking necessary steps to increase operations and earn sufficient margins on its operations. 

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWING

 

 

Loan from director

0.000

4.360

SHORT TERM BORROWING

 

 

Loan from Director

4.360

0.000

Loan from Others

4.000

4.000

Total

8.360

8.360

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10524923

26/09/2014

1,500,000.00

CANARA BANK

PIMPRI BRANCH, UMED BHAVAN,, STATION ROAD, PIMPRI, PUNE, MAHARASHTRA - 411010, INDIA

C28639912

2

10229059

07/03/2015 *

235,000,000.00

CANARA BANK

PIMPRI BRANCH, UMED BHAVAN, PIMPRI,, PUNE, MAHARASHTRA - 411018, INDIA

C48326433

 

* Date of charge modification

 

 

FIXED ASSETS

 

·         Factory Land

·         Factory Shed and Building

·         Office Equipment

·         Plant and Machinery

·         Computers, Laptops, Software’s, Scanners and UPS

·         Furniture and Electrical Fittings

·         Office Equipments

·         Vehicles

 

 

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 records 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.64.11

UK Pound

1

Rs.97.84

Euro

1

Rs.71.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

RKA

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--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

 

31

 

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.