MIRA INFORM REPORT

 

 

Report No. :

326961

Report Date :

11.06.2015

 

IDENTIFICATION DETAILS

 

Name :

UNNATI ASSOCIATES PRIVATE LIMITED

 

 

Registered Office :

A-74, Subhash Nagar Shopping Centre, Behind N Motor, Aids Petrol Pump, Jaipur – 302 016, Rajasthan

Tel. No.:

91-141-4210001

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

21.03.1996

 

 

Com. Reg. No.:

17-011754

 

 

Capital Investment / Paid-up Capital :

Rs.1.100 million

 

 

CIN No.:

[Company Identification No.]

U31909RJ1996PTC011754

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Electronic Items.

 

 

No. of Employees :

70 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 18000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established private limited company incorporated in the year 1996 having moderate track.

 

Subject is a trader of electronic Items.

 

Company has average risk profile backed by minimal networth and high gearing.

 

Company has low profitability margin in financial year 2014.

 

However, trade relations are reported as fair. Business is active. Payment terms are 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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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. Ravi Kumar Jain

Designation :

Director

Contact No.:

91-9828300010

Date :

11.06.2015

 

 

LOCATIONS

 

Registered Office :

A-74, Subhash Nagar Shopping Centre, Behind N Motor, Aids Petrol Pump, Jaipur – 302 016, Rajasthan, India

Tel. No.:

91-141-4210001

Mobile No.:

91-9828300010 (Mr. Ravi Kumar Jain)

Fax No.:

Not Available

E-Mail :

clientnka@yahoo.in

unnatijpr@gmail.com

Location :

Owned

Locality :

Commercial

 

 

Warehouse :

Vishwakarma Industrial Area, Jaipur – 302 013, Rajasthan, India

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mrs. Chanda Devi Jain

Designation :

Director

Address :

3 NA 9, Jawahar Nagar, Jaipur – 302 004, Rajasthan, India

Date of Appointment :

02.08.2004

DIN No.:

00546806

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

U51395RJ2002PTC017605

R R APPLIANCES PRIVATE LIMITED

Director

06/05/2002

06/05/2002

-

Active

NO

2

U31909RJ1996PTC011754

UNNATI ASSOCIATES PRIVATE LIMITED

Director

02/08/2004

02/08/2004

-

Active

NO

 

 

Name :

Mr. Ravi Kumar Jain

Designation :

Director

Address :

3 NA 9, Jawahar Nagar, Jaipur – 302 004, Rajasthan, India

Date of Appointment :

02.08.2004

DIN No.:

00546852

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

U51395RJ2002PTC017605

R R APPLIANCES PRIVATE LIMITED

Director

06/05/2002

06/05/2002

-

Active

NO

2

U31909RJ2004PTC018976

UNNATI TIMES PRIVATE LIMITED

Director

12/02/2004

12/02/2004

-

Active

NO

3

U31909RJ1996PTC011754

UNNATI ASSOCIATES PRIVATE LIMITED

Director

02/08/2004

02/08/2004

-

Active

NO

 

 

Name :

Mr. Rakesh Kumar Jain

Designation :

Director

Address :

3 NA 9, Jawahar Nagar, Jaipur – 302 004, Rajasthan, India

Date of Appointment :

02.08.2004

DIN No.:

00546891

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

U51109RJ2001PTC016970

R.P. ELECTECH PRIVATE LIMITED

Director

16/04/2001

16/04/2001

-

Strike off

NO

2

U31909RJ2004PTC018976

UNNATI TIMES PRIVATE LIMITED

Director

12/02/2004

12/02/2004

-

Active

NO

3

U31909RJ1996PTC011754

UNNATI ASSOCIATES PRIVATE LIMITED

Director

02/08/2004

02/08/2004

-

Active

NO

 

 

Name :

Ms. Rachita Jain

Designation :

Director

Address :

3 NA 9, Jawahar Nagar, Jaipur – 302 004, Rajasthan, India

Date of Appointment :

02.08.2004

DIN No.:

00546972

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

U51395RJ2002PTC017605

R R APPLIANCES PRIVATE LIMITED

Director

06/05/2002

06/05/2002

-

Active

NO

2

U31909RJ2004PTC018976

UNNATI TIMES PRIVATE LIMITED

Director

12/02/2004

12/02/2004

-

Active

NO

3

U31909RJ1996PTC011754

UNNATI ASSOCIATES PRIVATE LIMITED

Director

02/08/2004

02/08/2004

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Naredi Vinod and Associates

Designation :

Company Secretaries

Address :

56, Rameshwar Dham, Murlipura, Jaipur, Rajasthan, India

Mobile No.:

91-9001295180/ 9829499441

E-Mail :

vinodnaredi@gmail.com

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Percentage of Holding

Chanda Devi Jain

12070

10.97

Ravi Kumar Jain

41300

37.55

Rakesh Kumar Jain

24100

21.91

Rachita Jain

22500

20.45

Inder Kumar Harzani

10

0.01

P.D. Agency, India

10

0.01

Satya Prakash Harzani

10

0.01

Instent Constructions Private Limited, India

10000

9.09

Total

110000

100.00

 

 

 

AS ON 30.09.2014

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Bodies corporate

 

9.09

Directors or relatives of directors

 

90.91

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Electronic Items.

 

 

Products :

Home Electronics and Appliances

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Advance Payment

 

 

Purchasing :

Cash and Advance Payment

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Videocon Industries Limited, Jaipur

Name of the Person :

Mr. Yogendra Sharma (Assistant General Manager)

Contact No.:

91-9783555503

Since How Long Known :

10 Years

Maximum Limit Dealt :

Rs.250.000 million (Yearly)

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

No Complaints

Financially very strong company.

 

 

Customers :

Retailers and End Users

 

Reference :

H M Enterprises, Jaipur

Name of the Person :

Mr. Hanuman Sahai Bagra (Proprietor)

Contact No.:

91-9828152007

Since How Long Known :

18 Years

Maximum Limit Dealt :

Rs.0.500 million (Monthly)

Experience :

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark:

No Complaints

 

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

Banker Name

Allahabad Bank

Branch Address

Subhash Nagar, Jaipur – 302 016, Rajasthan, India

Person Name (With Designation)

Mrs. Mamta (Manager) 

Contact Number

91-141-2280616

Name of Account Holder

UNNATI ASSOCIATES PRIVATE LIMITED

Account Number

20741628488

Account Since (Date/Year of Account Opening)

December 2004

Average Balance Maintained (If Possible)

Rs.30.000 million

Credit Facilities Enjoyed (If any)

Cash Credit – Amount Not Divulged

Account Operation

Satisfactory

Remarks (If any)

Transaction is fair.

 

·         State Bank of India

·         State Bank of Bikaner and Jaipur

 

 

Facilities :

Secured Loans

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Allahabad Bank

a. Above loan is secured against Car Hyundai Verna.

b. The loan is repayable in monthly installments of Rs.0.050 million each.

0.000

0.005

SHORT TERM BORROWINGS

 

 

Allahabad Bank Loan on FDR

0.000

4.206

SBI

4.767

5.089

Allahabad Bank (CC-100)

0.000

2.898

Total

4.767

12.198

 

Banking Relations :

--

 

 

Auditors :

 

Name :

N. Kataria and Associates

Chartered Accountants

Address :

701, Paris Point, Bani Park, Jaipur – 302 016, Rajasthan, India

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

AFDPK6112K

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

* Other Related Parties :

·         R.R. Appliances Private Limited

·         Unnati Times Private Limited

·         Unnati Sales

 

* On the basis of information provided by the management.

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

150000

Equity Shares

Rs.10/- each

Rs.1.500 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

110000

Equity Shares

Rs.10/- each

Rs.1.100 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

1.100

1.100

1.100

(b) Reserves & Surplus

5.374

4.569

4.111

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

2.161

0.161

Total Shareholders’ Funds (1) + (2)

6.474

7.830

5.372

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

16.631

15.477

13.433

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

16.631

15.477

13.433

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4.767

12.193

6.421

(b) Trade payables

27.509

35.065

31.236

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

2.843

1.994

1.425

Total Current Liabilities (4)

35.119

49.252

39.082

 

 

 

 

TOTAL

58.224

72.559

57.887

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.448

1.715

1.910

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.066

0.066

0.035

(d)  Long-term Loan and Advances

0.142

0.209

0.128

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1.656

1.990

2.073

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.003

5.076

0.076

(b) Inventories

4.526

10.803

5.493

(c) Trade receivables

45.383

46.631

42.828

(d) Cash and cash equivalents

3.549

2.688

1.448

(e) Short-term loans and advances

3.107

5.371

5.969

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

56.568

70.569

55.814

 

 

 

 

TOTAL

58.224

72.559

57.887

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

393.193

364.431

309.044

 

 

Other Income

4.550

2.808

1.189

 

 

TOTAL                                    

397.743

367.239

310.233

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchase of stock-in-trade

373.270

356.458

298.608

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

6.277

(5.310)

(0.701)

 

 

Employee benefit expense

5.116

4.289

3.156

 

 

Auditor’s Remuneration

0.021

0.016

0.014

 

 

Other expenses

8.155

7.247

6.327

 

 

TOTAL                                    

392.839

362.700

307.404

 

 

 

 

 

Less

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

4.904

4.539

2.829

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

3.132

3.160

1.878

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

1.772

1.379

0.951

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.453

0.557

0.378

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

1.319

0.822

0.573

 

 

 

 

 

Less

TAX                                                                 

0.514

0.364

0.355

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

0.805

0.458

0.218

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

7.32

4.16

1.98

 

Particulars

 

 

 

31.03.2015

Sales Turnover

 

 

630.000

 

 

 

 

 

Expected Sales (2015-2016): Rs.750.000 million

 

The above information has been parted by Mr. Ravi Kumar Jain (Director).

 

 

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

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.20

0.13

0.07

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

1.25

1.25

0.92

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.27

1.13

0.99

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.20

0.10

0.11

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

3.31

3.53

3.70

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.61

1.43

1.43

 

 

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

1.100

1.100

1.100

Reserves & Surplus

4.111

4.569

5.374

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.161

2.161

0.000

Net worth

5.372

7.830

6.474

 

 

 

 

Long-term borrowings

13.433

15.477

16.631

Short term borrowings

6.421

12.193

4.767

Total borrowings

19.854

27.670

21.398

Debt/Equity ratio

3.696

3.534

3.305

 

 

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)

Revenue from Operations

309.044

364.431

393.193

 

 

17.922

7.892

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from Operations

309.044

364.431

393.193

Profit

0.218

0.458

0.805

 

0.07%

0.13%

0.20%

 

 

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

No

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

Yes

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

Particulars

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Loans and Advances

(Out of above unsecured loans, Chanda Devi Jain, P.D. Agency and Dharam Chand Jain are related parties)

16.631

15.472

Total

16.631

15.472

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10358089

10/05/2012

22,500,000.00

STATE BANK OF INDIA

R M (M E), JAIPUR HUB, SANGANERI GATE, JAIPUR, RAJASTHAN - 302001, INDIA

B40590507

2

90067717

20/11/2014 *

30,000,000.00

ALLAHABAD BANK

SUBHASH NAGAR, JAIPUR, RAJASTHAN - 302016, INDIA

C39352182

3

90113405

19/11/2004

150,000.00

SUNDRAM FINANCE LIMITED

NO.21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, 
INDIA

-

4

90069938

10/02/1998 *

700,000.00

S.B.B.J.

COLLECTRATE BRANCH, JAIPUR, RAJASTHAN, INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS:

 

·         Air Conditioner

·         Blower

·         Computer and Printer

·         Cycle

·         Car – Ritz

·         Furniture and Fixtures

·         Electric Pump Set

·         EPBX

·         Mobile Set

·         Machine – GMP 390

·         Tata Ace (Loading)

·         UPS with Battery

·         Water Filter

·         Water Cooler

·         Scooter

·         Electric Installation

·         Car Verna

·         Camera System

·         Fan (Havells)

·         Point to Point Connectivity

·         Invertor

 

 

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.63.88

UK Pound

1

Rs.98.47

Euro

1

Rs.72.15    

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

2

--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

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

 

28

 

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.