MIRA INFORM REPORT

 

 

Report No. :

327456

Report Date :

16.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KESHAVA ORGANICS PRIVATE LIMITED

 

 

Registered Office :

321, Durian Estate, Goregaon – Mulund Link Road, Goregaon (East), Mumbai – 400 063, Maharashtra

Tel. No.:

91-22-29271439

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

16.06.1993

 

 

Com. Reg. No.:

11-072411

 

 

Capital Investment / Paid-up Capital :

Rs. 1.130 Million

 

 

CIN No.:

[Company Identification No.]

U24110MH1993PTC072411

 

 

IEC No.:

0395002249

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMK14561B

 

 

PAN No.:

[Permanent Account No.]

AAACK3793P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of fine chemicals and bulk.

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (51)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 110000

 

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established company having satisfactory track record.

 

Subject was incorporated in 1993 and is engaged in manufacturing of fine chemicals and bulk drugs.

 

General financial of the company seems to be fair. Rating takes into consideration acceptable profit margin and healthy liquidity position supported by acceptable net worth of the company.

 

Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments.

 

In the view of extensive experience of promoters, the subject can be considered for business dealings at usual trade terms and conditions.

 

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

 

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) DEFAILTERS’ 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. Punita

Designation :

Manager

Contact No.:

91-9833830753

Date :

16.06.2015

 

 

LOCATIONS

 

Registered Office :

321, Durian Estate, Goregaon – Mulund Link Road, Goregaon (East), Mumbai – 400063, Maharashtra,

Tel. No.:

91-22-28730646 / 48 / 29271436/ 29271439

Mobile No.:

91-9833830753 (Ms. Punita)

Fax No.:

91-22-28730647 / 29271437

E-Mail :

info@keshavaindia.com

dkraut@keshavaindia.com

Website :

http://keshavaindia.com

 

 

Factory :

Plot No. T-100, MIDC, Tarapur, Boisar, Taluka - Palghar, District Thane - 401 506, Maharashtra, India   

Tel. No.:

91-2525-270362

Fax No.:

91-2525-276472

E-Mail :

keshava@bom5.vsnl.net.in

vkraut@keshavaindia.com

Website :

www.keshvaindia.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Dinkar Keshav Raut

Designation :

Director

Address :

502, Vaikunth, Prathna Samaj Cross Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Date of Birth/Age :

01.10.1951

Date of Appointment :

16.06.1993

DIN No. :

00151161

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

U24110MH1993PTC072411

KESHAVA ORGANICS PVT LTD

Director

16/06/1993

16/06/1993

-

Active

NO

2

U74210MH1999PTC119349

RAUT UNI-TECH PRIVATE LIMITED

Director

09/04/1999

09/04/1999

-

Active

NO

3

U91990MH2004NPL148221

TARAPUR ENVIRONMENT PROTECTION SOCIETY

Director

21/07/2012

24/12/2010

-

Active

NO

4

U31500MH1988PTC049828

FABRIKING ELECTRICALS INDIA PRIVATE LIMITED

Director

30/09/2013

29/03/2013

-

Active

NO

 

 

Name :

Mr. Vasant Keshav Raut

Designation :

Director

Address :

A/303, Ranjita CHS Limited, Eksar, Borivali (West), Mumbai – 400091, Maharashtra, India

Date of Birth/Age :

05.10.1955

Date of Appointment :

16.06.1993

DIN No. :

00146937

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

U24110MH1993PTC072411

KESHAVA ORGANICS PVT LTD

Director

16/06/1993

16/06/1993

-

Active

NO

2

U74210MH1999PTC119349

RAUT UNI-TECH PRIVATE LIMITED

Director

09/04/1999

09/04/1999

-

Active

NO

 

 

Name :

Mr. Ravindra Keshav Raut

Designation :

Director

Address :

14/B, Kety Nagar, Dhanu Road – 401602, Maharashtra, India

Date of Birth/Age :

13.09.1953

Date of Appointment :

16.06.1993

DIN No. :

00151803

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

U24110MH1993PTC072411

KESHAVA ORGANICS PVT LTD

Director

16/06/1993

16/06/1993

-

Active

NO

2

U74210MH1999PTC119349

RAUT UNI-TECH PRIVATE LIMITED

Director

09/04/1999

09/04/1999

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Punita

Designation :

Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

Percentage of Holding

Ulka R. Raut

1650

14.60

Varsha V. Raut

1650

14.60

Dinkar K. Raut

4220

37.35

Ravindra K. Raut

1870

16.55

Vasant K. Raut

1910

16.90

Total

11300

100.00

 

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of fine chemicals and bulk.

 

 

Products :
  • Fine Chemicals
  • Bulk

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Countries :

USA

 

 

Imports :

 

Countries :

Europe

China

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS : Not Available

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Aarti Engineering Service

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

  • Adhikari Transport Company
  • A.K. Chemical
  • A.K. Petrochem
  • Alkali Metal Limited
  • Ashish Sulpher Dyes Private Limited
  • A to Z Steel
  • Atul Limited
  • Bharat Ice Factory
  • Bhishak Pharma
  • Borolab Glass Company
  • Causway International
  • Deshmukh and Associates
  • Deva Acid and Chemicals
  • Dhananjay Packaging
  • Enopeck Seals (India)
  • Gudia Private Limited
  • Hariram Vishwakarma
  • H. R. Dye Chem
  • J. K. Paints
  • Kadam Construction Company
  • Ketul Chem Private Limited
  • Kulswamini Trading Company
  • Lab Test Instrument Company
  • Mahadev Woven and Saw Mills
  • Mahavir Enterprises
  • M. B. Enterprises
  • Micro Electronics
  • Mitsu Chem Private Limited
  • Mukta Trading Company
  • Narmada Chemicals  

 

 

Customers :

Retailers and End Users

 

Reference :

Alcon Pharmaceuticals Private 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

 

  • Arco Pharma Private Limited
  • Ariane Orgachem Private Limited
  • Arrow Chemical Inc.
  • Bax Global GmbH
  • Cadila Pharmaceutical Limited
  • Cas Importacao and Exportacao
  • Chungwa Chemical
  • Drv Organics (Drs)
  • Duopharma Malasia Sdn. Bhd.
  • Euresian
  • Euroasia Trans Continental
  • Halcyon Lab Private Limited
  • Import Export Department
  • Kemwell Private Limited – Bangalore
  • Medi Product Private Limited (Old)
  • Nivedita Chemical Private Limited
  • Pfizer Limited
  • Pragati Raw Pharma Private Limited
  • Precious Pharma
  • Baphira Life Science Private Limited
  • Selectchemie Ag
  • Talent Laboratories
  • Transo Pharm Handle GmbH
  • Veghoba Traders

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

Goregaon (East) Branch, ASPM Bldg, Jayprakash Road, No. 2, 12 Jayprakash Nagar, Goregaon (East), Mumbai - 400063, Maharashtra, INDIA

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

10472981070

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 :

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Term Loan from State Bank of India

0.485

1.214

From Toyato Financial Services

1.015

1.257

From TJSB Bank - Term Loan

10.107

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loans

 

 

From State Bank of India

1.622

5.093

From State Bank of India Packing Credit

0.000

6.046

Total

13.229

13.610

 

 

 

Auditors :

 

Name :

Deshmukh and Associates

Chartered Accountant

Address :

20, Mahavir Mansion, 71, Trinity Street, Off 1st Dhobi Talo Lane, Mumbai – 400002, Maharashtra, India 

Tel. No.:

91-22-22061692

Fax No.:

91-22-22031219

E-Mail :

prafuljoshi@yahoo.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister concern  :

Name : DRV Organics

Address : Tarapur District, Thane – 401506, Maharashtra, India 

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

30000

Equity Shares

Rs. 100/- each

Rs. 3.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

11300

Equity Shares

Rs. 100/- each

Rs. 1.130 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

1.130

1.130

1.130

(b) Reserves & Surplus

39.484

27.600

26.875

(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)

40.614

28.730

28.005

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11.607

2.471

1.994

(b) Deferred tax liabilities (Net)

0.179

(0.130)

0.454

(c) Other long term liabilities

1.292

4.542

1.792

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

13.078

6.883

4.240

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1.622

11.139

4.044

(b) Trade payables

63.820

32.812

14.911

(c) Other current liabilities

7.349

6.018

3.594

(d) Short-term provisions

6.532

0.846

0.550

Total Current Liabilities (4)

79.323

50.815

23.099

 

 

 

 

TOTAL

133.015

86.428

55.344

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

33.145

15.128

16.231

(ii) Intangible Assets

0.000

0.000

0.013

(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

24.485

12.721

9.585

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

9.576

17.441

0.485

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

67.206

45.290

26.314

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

6.293

5.640

6.429

(c) Trade receivables

19.539

17.093

4.778

(d) Cash and cash equivalents

16.169

3.710

7.249

(e) Short-term loans and advances

1.203

0.265

0.491

(f) Other current assets

22.605

14.430

10.083

Total Current Assets

65.809

41.138

29.030

 

 

 

 

TOTAL

133.015

86.428

55.344

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

GROSS TURNOVER

247.545

139.905

72.665

 

 

 

 

Less

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

Less

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

24.539

5.867

5.065

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.690

1.373

0.889

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

22.849

4.494

4.176

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

4.125

3.508

3.213

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

18.724

0.986

0.963

 

 

 

 

 

Less

TAX

6.841

0.261

0.426

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

11.883

0.725

0.537

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

225.759

126.369

56.235

 

TOTAL EARNINGS

225.759

126.369

56.235

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1051.59

64.16

47.52

 

 

 

 

 

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

Operating Profit Margin

(PBIDT/Sales)

(%)

9.91

4.19

6.97

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

17.25

1.34

2.10

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.46

0.03

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.33

0.47

0.22

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.83

0.81

1.26

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

1.130

1.130

1.130

Reserves & Surplus

26.875

27.600

39.484

Share Application money pending allotment

0.000

0.000

0.000

Net worth

28.005

28.730

40.614

 

 

 

 

long-term borrowings

1.994

2.471

11.607

Short term borrowings

4.044

11.139

1.622

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

6.038

13.610

13.229

Debt/Equity ratio

0.216

0.474

0.326

 

 

 

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)

Gross Turnover 

72.665

139.905

247.545

 

 

92.534

76.938

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Gross Turnover 

72.665

139.905

247.545

Profit

0.537

0.725

11.883

 

0.74%

0.52%

4.80%

 

 

 

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

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 three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10152662

19/03/2009

42,300,000.00

STATE BANK OF INDIA

GOREGAON (EAST) BRANCH,12 JAY PRAKASH NAGAR, ROAD NO.2, GOREGAON (EAST),  MUMBAI, MAHARASHTRA - 400063, INDIA

A60134749

2

90147057

02/05/2014 *

18,446,000.00

STATE BANK OF INDIA

STATE BANK OF INDIA, GOREGAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA

C02474534

* Date of charge modification

 

 

FIXED ASSETS

·         Land

·         building

·         Plant and Machinery

·         Furniture

·         Fax machine

·         Motor Car

·         Computer

·         Motor/Scooter

·         Air conditioner

·         Office Premises

·         Flat

·         Technical know-how

·         Electrical Installation

·         Air Pollution Cont. Eqp.

·         Lab Equipment


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. 64.09

UK Pound

1

Rs. 99.57

Euro

1

Rs. 71.84

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

TRU

 

 

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

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

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

 

51

 

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.