MIRA INFORM REPORT

 

 

Report No. :

328570

Report Date :

23.06.2015

 

IDENTIFICATION DETAILS

 

Name :

CAMELLIA COTSPIN PRIVATE LIMITED

 

 

Registered Office :

4 A, Vikas Center, 104, S. V. Road, Santacruz (West) Mumbai – 400054, Maharashtra

Tel. No.:

91-22-42766666

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.11.2012

 

 

Com. Reg. No.:

11-238190

 

 

Capital Investment / Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U17291MH2012PTC238190

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMC20312F

 

 

PAN No.:

[Permanent Account No.]

AAFCC1168B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Towels and Gray Fabrics

 

 

No. of Employees :

15 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Even though, the company was incorporated on 23rd November, 2012. But the company has not yet commenced its commercial operations.

 

It is having a moderate track record.

 

Mr. Dinesh (Accounts Manager) has provided us with all the information. Further, he also claimed that company will commence its business activity from January 2016.

 

Business is active as per the status shown in Registrar of Companies. Payment terms are unknown.

 

The company can be considered for business dealings on safe and secured 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) 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. Dinesh

Designation :

Account Manager

Contact No.:

91-22-42766666

Date :

22.06.2013

 

 

LOCATIONS

 

Registered Office :

4 A, Vikas Center, 104, S. V. Road, Santacruz (West) Mumbai – 400054, Maharashtra, India

Tel. No.:

91-22-42766666

Fax No.:

Not Available

E-Mail :

Account.mumbairubycontex.in

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Hiral Chintan Patel

Designation :

Director

Address :

Khushal Bunglow, Pallavi Beach, ,Angle Society, Ruia Park, Juhu., Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

13.05.1978

Date of Appointment :

23.11.2011

DIN No.:

00482293

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

U17100MH2004PTC147241

DWETA GARMENTS PRIVATE LIMITED

Director

30/06/2004

30/06/2004

04/09/2014

Active

NO

2

U17120MH2004PTC145055

DEESAN TEX FAB Private LIMITED

Director

30/06/2004

30/06/2004

-

Active

NO

3

U17120MH2005PTC151000

SOLARIS TEX FAB PRIVATE LIMITED

Director

03/02/2005

03/02/2005

05/10/2010

Active

NO

4

U51494MH2006PTC164876

DEESAN IMPEX PRIVATE LIMITED

Director

23/09/2006

23/09/2006

-

Active

NO

5

U17291MH2007PTC167841

DEESAN COTEX PRIVATE LIMITED

Director

13/02/2007

13/02/2007

-

Active

NO

6

U45400MH2007PTC169796

DEESAN CIVIL ENGINEERING PRIVATE LIMITED

Director

09/04/2007

09/04/2007

-

Strike off

NO

7

U70102MH2007PTC169800

DEESAN INFRASTRUCTURE PRIVATE LIMITED

Director

09/04/2007

09/04/2007

-

Active

NO

8

U18109MH2007PTC172422

PRATH EXPORTS PRIVATE LIMITED

Director

17/07/2007

17/07/2007

-

Strike off

NO

9

U18109MH2007PTC172683

DEESAN GARMENTS PRIVATE LIMITED

Director

30/07/2007

30/07/2007

-

Strike off

NO

10

U17120MH2007PTC175280

PRATH TEXTILES PRIVATE LIMITED

Director

22/10/2007

22/10/2007

-

Active

NO

11

U17200MH2007PTC169431

KRUSHNA COTEX PRIVATE LIMITED

Director

27/11/2007

27/11/2007

-

Active

NO

12

U17120MH2007PTC176268

DEESAN TEXTILE PRIVATE LIMITED

Director

28/11/2007

28/11/2007

-

Strike off

NO

13

U17121MH2010PTC198403

MRUDU TEXFAB PRIVATE LIMITED

Director

04/01/2010

04/01/2010

-

Active

NO

14

U17120MH2010PTC199846

HIRAL KNIT TEX PRIVATE LIMITED

Director

08/02/2010

08/02/2010

-

Active

NO

15

U17120MH2010PTC211339

PLATINUM COTEX PRIVATE LIMITED

Director

24/12/2010

24/12/2010

-

Active

NO

16

U17299MH2010PTC211446

ZIRCON COTEX PRIVATE LIMITED

Director

27/12/2010

27/12/2010

-

Active

NO

17

U17200MH2011PTC219003

CHANDRASHILA COTEX PRIVATE LIMITED

Director

23/06/2011

23/06/2011

-

Active

NO

18

U17122MH2011PTC222530

PARSU TEXTILES PVIVATE LIMITED

Additional director

30/09/2011

30/09/2011

-

Active

NO

19

U17291MH2012PTC227537

JASH TEXFAB PRIVATE LIMITED

Director

01/03/2012

01/03/2012

12/10/2012

Active

NO

20

U17200MH2012PTC227665

OMKARA TEXFAB PRIVATE LIMITED

Director

30/09/2013

28/06/2012

-

Active

NO

21

U17200MH2012PTC237937

LILAC TEXTILES PRIVATE LIMITED

Director

15/11/2012

15/11/2012

-

Active

NO

22

U17299MH2012PTC237957

AKSHARA TEXFAB PRIVATE LIMITED

Director

16/11/2012

16/11/2012

-

Active

NO

23

U17291MH2012PTC238190

CAMELLIA COTSPIN PRIVATE LIMITED

Director

23/11/2012

23/11/2012

-

Active

NO

24

U51494MH2006PTC166194

YU-TH AD RETAIL VENTURES PRIVATE LIMITED

Additional director

14/02/2013

14/02/2013

-

Active

NO

25

U17291MH2013PTC243919

SABARMATI TEXFAB PRIVATE LIMITED

Director

03/06/2013

03/06/2013

-

Active

NO

26

U17121MH2007PTC169155

TAPI COTEX PRIVATE LIMITED

Director

24/09/2013

02/08/2013

-

Active

NO

27

U17291MH2007PTC168227

KUSHAL TEXTILES PRIVATE LIMITED

Director

24/09/2013

07/08/2013

-

Active

NO

28

U17120MH2004PTC145044

DISHA TEX FAB PRIVATE LIMITED

Director

26/09/2013

07/08/2013

-

Active

NO

29

U17291MH2013PTC246825

KANCHAN COTEX PRIVATE LIMITED

Director

12/08/2013

12/08/2013

-

Active

NO

30

U17291MH2013PTC247083

PRAMUKH COTEX PRIVATE LIMITED

Director

16/08/2013

16/08/2013

-

Active

NO

31

U17120MH2013PTC247242

MARICHI TEXTILES PRIVATE LIMITED

Director

20/08/2013

20/08/2013

-

Active

NO

32

U17200MH2013PTC247411

PULAHA TEXTILES PRIVATE LIMITED

Director

23/08/2013

23/08/2013

-

Active

NO

33

U17120MH2013PTC247478

SURABHI COTEX PRIVATE LIMITED

Director

26/08/2013

26/08/2013

-

Active

NO

34

U17291MH2013PTC247594

ANGIRAS TEXTILES PRIVATE LIMITED

Director

28/08/2013

28/08/2013

-

Active

NO

35

AAA-9222

MAHI TRADECOM LLP

Designated Partner

15/05/2012

15/05/2012

-

Strike off

NO

 

 

Name :

Mr. Sunil Motilal Mandora

Designation :

Director

Address :

A/61, Rustomjee Central Park, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India

Date of Birth/Age :

01.01.1961

Date of Appointment :

23.11.2012

DIN No.:

01847632

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

U17120MH2004PTC145067

SHIRPUR SYNTHETICS PRIVATE LIMITED

Director

15/03/2004

15/03/2004

10/08/2013

Active

NO

2

U17120MH2005PTC150877

PARAM TEX FAB PRIVATE LIMITED

Director

10/04/2005

10/04/2005

-

Active

NO

3

U17120MH2008PTC184401

AKANKSHA COTEX PRIVATE LIMITED

Director

08/07/2008

08/07/2008

-

Active

NO

4

U17291MH2011PTC214564

TANMAY COTEX PRIVATE LIMITED

Director

10/03/2011

10/03/2011

29/06/2013

Active

NO

5

U17291MH2011PTC216612

HARI COTSPIN PRIVATE LIMITED

Director

25/04/2011

25/04/2011

18/03/2014

Active

NO

6

U17200MH2011PTC219002

YAMNOTRI TEXTILES PRIVATE LIMITED

Director

23/06/2011

23/06/2011

-

Active

NO

7

U17291MH2012PTC238057

SAFFRON COTEX PRIVATE LIMITED

Director

20/11/2012

20/11/2012

-

Active

NO

8

U17200MH2012PTC238107

TATHYA TEXFAB PRIVATE LIMITED

Director

21/11/2012

21/11/2012

-

Active

NO

9

U17291MH2012PTC238190

CAMELLIA COTSPIN PRIVATE LIMITED

Director

23/11/2012

23/11/2012

-

Active

NO

10

U17299MH2012PTC238854

SUNFLOWER COTEX PRIVATE LIMITED

Director

15/12/2012

15/12/2012

-

Active

NO

11

U17291MH2012PTC239015

ASTER TEXTILES PRIVATE LIMITED

Director

21/12/2012

21/12/2012

-

Active

NO

12

U17200MH2013PTC239779

CARNATION TEXFAB PRIVATE LIMITED

Director

17/01/2013

17/01/2013

-

Active

NO

13

U70102MH2007PTC169800

DEESAN INFRASTRUCTURE PRIVATE LIMITED

Director

01/10/2014

01/10/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Dinesh

Designation :

Account Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2014

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Hiral Patel

3500

35.00

Sunil Mandora

2000

20.00

Anurag Sharma

1000

10.00

Tapan Patel

3500

35.00

 

 

 

Total

 

10000

100.00

 

 

 

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Towels and Gray Fabrics

 

 

Products :

·         Towels

·         Gray Fabrics

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

15 (Approximately)

 

 

Bankers :

Bank Name:

Dena Bank

Branch:

Vile Parle (East) Branch, Krishna Bhavan, 67, Nehru Road, Vile Parle (East), Mumbai - 400057, 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 A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Shrikesh. V. Rathi and Company

Chartered Accountants

Address :

Kishor Kunj, Marwadi Lane, Shirpur – 425405, Maharashtra, India

Tel. No.:

91-2563-255005/ 255141

Mob. No. :

9422791653

E-Mail :

vmrathi555@gmail.com

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

AJHPR5874R

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000

Equity Shares

Rs. 10/- each

Rs. 0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000

Equity Shares

Rs. 10/- each

Rs. 0.100 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

(1)Shareholders' Funds

 

 

(a) Share Capital

0.100

0.100

(b) Reserves & Surplus

0.000

0.000

(c) Money received against share warrants

0.000

0.000

 

 

 

(2) Share Application money pending allotment

0.000

0.000

Total Shareholders’ Funds (1) + (2)

0.100

0.100

 

 

 

(3) Non-Current Liabilities

 

 

(a) Long-term borrowings

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

(c) Other long term liabilities

0.000

0.000

(d) long-term provisions

0.000

0.000

Total Non-current Liabilities (3)

0.000

0.000

 

 

 

(4) Current Liabilities

 

 

(a) Short term borrowings

0.000

0.000

(b) Trade payables

0.000

0.000

(c) Other current liabilities

0.000

0.013

(d) Short-term provisions

0.006

0.003

Total Current Liabilities (4)

0.006

0.016

 

 

 

TOTAL

0.106

0.116

 

 

 

II.            ASSETS

 

 

(1) Non-current assets

 

 

(a) Fixed Assets

 

 

(i) Tangible assets

0.000

0.000

(ii) Intangible Assets

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

(b) Non-current Investments

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

(e) Other Non-current assets

0.000

0.000

Total Non-Current Assets

0.000

0.000

 

 

 

(2) Current assets

 

 

(a) Current investments

0.000

0.000

(b) Inventories

0.000

0.000

(c) Trade receivables

0.000

0.000

(d) Cash and cash equivalents

0.085

0.100

(e) Short-term loans and advances

0.000

0.000

(f) Other current assets

0.021

0.016

Total Current Assets

0.106

0.116

 

 

 

TOTAL

0.106

0.116

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

 

 

 

Cash generated from operations

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.00

0.00

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

17.67

7.25

 


 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Share Capital

0.100

0.100

Reserves & Surplus

0.000

0.000

Money received against share warrants

0.000

0.000

Share Application money pending allotment

0.000

0.000

Net worth

0.100

0.100

 

 

 

Long-term borrowings

0.000

0.000

Short term borrowings

0.000

0.000

Total borrowings

0.000

0.000

Debt/Equity ratio

0.000

0.000

 

 

 

 

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)

No

16

No. of employees

Yes

17

Details of sister concerns

No

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 three years

No

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

10559752

30/01/2015 *

39,000,000.00

DENA BANK

VILE PARLE (EAST) BRANCH, KRISHNA BHAVAN, 67, NEHRU ROAD, VILEPARLE- EAST, MUMBAI - 400057, MAHARASHTRA, INDIA

C54300470

 

 

 

 


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 

Unit

Indian Rupees

US Dollar

1

Rs.63.51

UK Pound

1

Rs.100.94

Euro

1

Rs.72.32

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ARC

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILIRY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

11

 

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.