MIRA INFORM REPORT

 

Report No. :

325199.2

Report Date :

26.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ACE METALS PRIVATE LIMITED

 

 

Registered Office :

19 AC market, 3rd Floor, Tradeo Road, Mumbai – 4000034, Maharashtra

Tel. No.:

91-22-23522462

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.12.2006

 

 

Com. Reg. No.:

04-049594

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U27101GJ2006PTC049594

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAHCA9485B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Aluminum Products, Steel Plate, Rods, Wire Rods etc.

 

 

No. of Employees :

10 (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 18.12.2006 it is yet to commence its commercial operations.

 

Mr. Amit (Key Executive) provided only general information.

 

As per available financial record of 2014, the company has recorded accumulated losses.

 

However, business is active as per the status shown in the registrar of companies. Payment are reported to be 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

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Jayesh Shah

Designation :

Director

Contact No.:

91-9820135441

 

 

LOCATIONS

 

Registered Office :

19 AC market, 3rd Floor, Tradeo Road, Mumbai – 4000034, Maharashtra, India

Tel. No.:

91-265-2314436

Fax No.:

91-265-2351457

E-Mail :

acc.phd@pankaj.co.in

info@pankaj.co.in

hiren@pankaj.co.in

Website :

www.pankaj.co.in

Area:

500 Sq. Ft.

Location :

Rented

Locality:

Industrial

 

 

Branch Office:

532, Arun Chamber, Next to AC Market, Tardeo, Mumbai – 400034, Maharashtra, India

Tel. No.:

91-22-23522462

 

 

DIRECTORS

 

AS ON 29.09.2014

 

Name :

Mr. Hitesh Harakchand Shah

Designation :

Director

Address :

504, Heera Panna Apartment, B/h Alkapuri Arcade, R C Dutt Road Alkapuri, Vadodara-390007, Gujarat, India

Date of Birth/Age :

27.07.1968

Qualification:

B.com

Date of Appointment :

18.12.2006

PAN No.:

AAGPS6421H

DIN No.:

00003547

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

U27100GJ1997PLC031852

PEL INDUSTRIES LIMITED

Director

06-01-2004

06-01-2004

15-11-2013

Active

NO

2

U51900MH1994PTC076782

UPBEAT TRADING PRIVATE LIMITED

Director

05-04-2006

05-04-2006

-

Active

NO

3

U27105GJ2006PTC049506

PANKAJ METAL CENTRE PRIVATE LIMITED.

Director

01-12-2006

01-12-2006

-

Active

NO

4

U27104GJ2006PTC049537

ALUCAST ENGINEERING PRIVATE LIMITED

Director

07-12-2006

07-12-2006

-

Active

NO

5

U27109GJ2006PTC049564

EUROPAN METALS PRIVATE LIMITED.

Director

12-12-2006

12-12-2006

-

Active

NO

6

U27101GJ2006PTC049594

ACE METALS PRIVATE LIMITED

Director

18-12-2006

18-12-2006

-

Active

NO

 

 

Name :

Mr. Jayesh Harakhchand Shah

Designation :

Director

Address :

61, Gokul, Walkeshwar, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

29.12.1965

Qualification:

M.S

Date of Appointment :

18.12.2006

PAN No.:

ACPPS8755H

DIN No.:

00003614

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

U27100GJ1997PLC031852

PEL INDUSTRIES LIMITED

Managing director

05-04-2012

06-03-1997

-

Active

NO

2

U27105GJ2006PTC049506

PANKAJ METAL CENTRE PRIVATE LIMITED

Director

01-12-2006

01-12-2006

-

Active

NO

3

U27104GJ2006PTC049537

ALUCAST ENGINEERING PRIVATE LIMITED

Director

07-12-2006

07-12-2006

-

Active

NO

4

U27109GJ2006PTC049564

EUROPAN METALS PRIVATE LIMITED

Director

12-12-2006

12-12-2006

-

Active

NO

5

U27101GJ2006PTC049594

ACE METALS PRIVATE LIMITED.

Director

18-12-2006

18-12-2006

-

Active

NO

 

 

Name :

Mr. Hiren Harakchand Shah

Designation :

Director

Address :

61, Gokul, Walkeshwar, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

23.10.1970

Date of Appointment :

18.12.2006

DIN No.:

01506187

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

U51900MH1994PTC076780

VOLITION TRADING PRIVATE LIMITED

Director

31-03-2005

31-03-2005

-

Active

NO

2

U27101GJ2006PTC049594

ACE METALS PRIVATE LIMITED

Director

18-12-2006

18-12-2006

-

Active

NO

3

U27100GJ1997PLC031852

PEL INDUSTRIES LIMITED

Director

29-09-2007

29-09-2007

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Amit

Designation :

Key Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Hitesh Harakchand Shah

5000

50.00

Jayesh Harakchand Shah

5000

50.00

Total

10000

100.00

 

 

 

SHAREHOLDING PATTERN

 

 

 

2014-2015

2015-2016

 

SHAREHOLDER

NO. OF SHARES

SHARES AMMOUNT

SHARE HELD (%)

NO. OF SHARES

SHARES AMMOUNT

SHARE HELD (%)

1

Mr. Jayesh H Shah

5,000

50,000

50.00%

5,000

50,000

50.00%

2

Mr. Hitesh H. Shah

5,000

50,000

50.00 %

5,000

50,000

50.00 %

 

Total

10,000

100,000

 

10,000

100,000

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 29.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Ferrous and Non Ferrous Metal

 

 

Products :
  • Aluminum Products
  • Steel Plate
  • Rods
  • Wire Rods etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

L\C

 

 

Purchasing :

Credit (30 Days)

 

PRODUCTION STATUS NOT AVAIALABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

End Users and OEMs

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :
  • Mahindra Bank, Tradeo Road, Mumbai, Maharashtra, India

 

Banker Name

Yes Bank

Branch Address

Horniman Circle, Vadodara, Gujarat, 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

 

 

 

BANKING DETAILS (INFLOW) FOR PERIOD FROM 01.04.2015 TO 05.06.2015

 

(Rs. In Million)

MONTH

Bank of India

YES

KOTAK BANK

TOTAL

APRIL

-

-

-

-

MAY

-

-

-

-

JUN

-

0.050

-

0.050

JUL

-

-

-

-

AUG

-

0.030

-

0.030

SEP

-

206.411

-

206.411

OCT

-

165.667

-

165.667

NOV

-

276.528

-

276.528

DEC

-

263.923

-

263.923

JAN

-

-

-

-

FEB

69.863

150.536

-

220.399

MAR

199.028

95.688

-

294.716

Total

268.891

1158.833

-

1427.424

 

 

BANKING DETAILS (INFLOW) FOR THE PERIOD FROM 01.04.2015 TO 05.06.2015

 

(Rs. In Million)

MONTH

Bank of India

YES

KOTAK BANK

TOTAL

APRIL

330.764

-

-

330.764

MAY

209.067

-

0.025

209.092

JUN

22.032

-

-

22.032

Total

561.863

-

0.025

561.888

 

 

Auditors :

 

Name :

Vinesh Mehta and Company

Chartered Accountants

Address :

202, Amit Complex, Opposite Panchratna Apartment, Subhanpura, Vadodara – 390023, Gujarat, India

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

ADUPN3254H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

AS ON 29.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs.0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

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

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.100

0.100

0.100

(b) Reserves & Surplus

(0.046)

(0.040)

(0.031)

(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)

0.054

0.060

0.069

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.000

0.000

0.000

(c) Other current liabilities

0.010

0.009

0.000

(d) Short-term provisions

0.000

0.000

0.010

Total Current Liabilities (4)

0.010

0.009

0.010

 

 

 

 

TOTAL

0.064

0.069

0.079

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.000

0.000

0.000

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.004

(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

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

0.000

0.000

0.004

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

0.012

0.012

0.013

(e) Short-term loans and advances

0.052

0.055

0.062

(f) Other current assets

0.000

0.002

0.000

Total Current Assets

0.064

0.069

0.075

 

 

 

 

TOTAL

0.064

0.069

0.079

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

0.000

0.000

0.000

 

Other Income

0.000

0.000

0.000

 

TOTAL (A)

0.000

0.000

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Other expenses

0.004

0.006

0.008

 

TOTAL

0.004

0.006

0.008

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(0.004)

(0.006)

0.008

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.002

0.002

0.002

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(0.006)

(0.008)

(0.010)

 

 

 

 

 

Less

TAX

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(0.006)

(0.008)

(0.010)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

(0.040)

(0.031)

0.000

 

 

 

 

 

 

Balance Carried to the B/S

(0.046)

(0.039)

(0.010)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.06

0.08

1.00

 

 

 

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

Return on Total Assets

(PBT/Total Assets}

(%)

(9.38)

(11.59)

(13.33)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.11)

(0.13)

(0.14)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

6.40

7.67

7.50

 

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

0.100

0.100

0.100

Reserves & Surplus

(0.031)

(0.040)

(0.046)

Net worth

0.069

0.060

0.054

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

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

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

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

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

 

NOTE: Registered office of the company has been shifted from 320 Sidharth Complex, R. C Dutt Road, Alkapuri, Vadodara, Gujarat, India to the present address w.e.f. 07.07.2009

 

 

 

PURCHASING AND SELLING DETAILS

 

 

FOR THE PERIOD FROM 01.04.2014 TO 31.03.2015 (Mumbai Depot.)

 

                                                                                                                                                     (Rs. In Million)

SALES

 

PURCHASE

Month

NET

VAT

TOTAL

 

NET

VAT

TOTAL

APRIL

-

-

-

 

-

-

-

MAY

-

-

-

 

-

-

-

JUN

-

-

-

 

-

-

-

JUL

-

-

-

 

-

-

-

AUG

35.637

1.782

37.419

 

48.654

2.433

51.087

SEP

177.869

8.893

186.762

 

166.130

8.307

174.437

OCT

238.952

11.948

250.899

 

238.462

11.923

250.385

NOV

138.346

6.917

145.263

 

138.038

6.902

144.940

DEC

346.736

17.337

364.073

 

345.121

17.256

362.377

JAN

171.274

8.564

179.838

 

170.804

8.540

179.344

FEB

340.281

27.926

368.207

 

339.489

27.862

367.352

MAR

84.083

4.204

88.288

 

83.999

4.200

88.199

Total

1533.178

87.571

1620.749

 

1530.697

87.423

1618.121

 

 

FOR THE PEROID FROM 01.04.2015 TO 05.06.2015

 

(Rs. In Million)

SALES DETAILS

 

PURCHASE DETAILS

Month

NET

VAT

TOTAL

 

NET

VAT

TOTAL

APRIL

199.364

9.968

209.332

 

199.028

9.951

208.980

MAY

232.400

11.620

244.020

 

231.833

11.592

243.425

JUN

181.417

9.071

190.488

 

69.619

3.481

73.100

Total

613.181

30.659

643.840

 

500.480

25.024

525.505

 

 

TRADE REFERENCES – LOCAL

 

 

 

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY

 

 

 

 

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.63.61

UK Pound

1

Rs.99.79

Euro

1

Rs.71.17

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

GTA

 

 

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

--PROFITABILITY

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

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

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.