MIRA INFORM REPORT

 

 

Report No. :

321964

Report Date :

22.05.2015

           

IDENTIFICATION DETAILS

 

Name :

INDIAN CHAIN PRIVATE LIMITED

 

 

Registered Office :

238B A J C Bose Road 5th Floor, Kolkata-700020, West Bengal

Tel. No.:

91-33-22876839

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

20.06.1978

 

 

Com. Reg. No.:

21-031544

 

 

Capital Investment / Paid-up Capital :

Rs. 3.351 Million

 

 

CIN No.:

[Company Identification No.]

U28999WB1978PTC031544

 

 

IEC No.:

0288034830

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CAL100017D

 

 

PAN No.:

[Permanent Account No.]

AAAC16291G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Stud Link Anchor Chain, Bucket elevator chain, Chain slings saccessories, Mining and Drag line chain, Curtair chain (Kiln) etc.

 

 

No. of Employees :

550 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

 

Maximum Credit Limit :

USD 9000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The company has incurred a loss during FY 2014 However, reserves level of the company is sound. General financial of the company is good.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct.

 

The company can be considered normal 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) 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. Sanjay

Designation :

Key Executive

Contact No.:

91-33-22876839

Date :

11.05.2015

 

 

LOCATIONS

 

Registered Office :

238B A J C Bose Road 5th Floor, Kolkata-700020, West Bengal, India

Tel. No.:

91-033-22876839 (Mr. Sanjay)

Mobile No.:

Not Available

Fax No.:

91-033-22894217

E-Mail :

Info@indianchain.com

ashok@indianchain.com 

Website :

www.indianchain.com

http://www.indianchain.com

Location :

Owned

Locality:

Commercial

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Narendra Kumar Chitlangia

Designation :

Director

Address :

2/1A Burdwan Road, Kolkata-700027, West Bengal, India

Date of Birth/Age :

03.01.1945

Date of Appointment :

20.06.1978

DIN No.:

00541627

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

U28999WB1978PTC031544

INDIAN CHAIN PRIVATE LIMITED

Director

20-06-1978

20-06-1978

-

Active

NO

2

L65993WB1980PLC032869

CHAIN INVESTMENT LIMITED

Director

17-07-1980

17-07-1980

-

Active

NO

3

U24231TN1948PLC001456

MOUNT METTUR PHARMACEUTICALS LIMITED

Director

07-07-1983

07-07-1983

-

Under liquidation

NO

4

U50200WB1985PTC039399

F.P.N.ENGINEERING PVT LTD

Director

08-11-1985

08-11-1985

-

Active

NO

5

U29300WB1986PTC041393

NUMAC INDIA PRIVATE  LIMITED

Director

28-02-1992

28-02-1992

-

Active

NO

6

L51909WB1983PLC035967

NORTH EASTERN EXPORTERS LIMITED

Director

01-04-2003

01-04-2003

17-07-2013

Active

NO

7

U27203WB1977PTC031296

ANCHOR INDUSTRIES (INDIA) PRIVATE LIMITED

Director

17-05-2003

17-05-2003

-

Active

NO

8

U70101WB2005PTC101652

ZENITH DEVELOPERS PRIVATE LIMITED

Director

11-02-2005

11-02-2005

-

Active

NO

9

U51109WB1999PTC089107

NIDEK MEDICAL INDIA PRIVATE LIMITED

Director

01-05-2006

01-05-2006

-

Active

NO

10

U45200WB2006PTC112034

AMAZE APARTMENTS PRIVATE LIMITED

Director

07-12-2006

07-12-2006

-

Active

NO

11

U45201WB2007PTC114387

VISHUDDHI DEVELOPERS PRIVATE LIMITED

Director

01-06-2007

01-06-2007

28-03-2008

Active

NO

12

U45200WB2007PTC114318

MULADHAR DEVELOPERS PRIVATE LIMITED

Director

01-06-2007

01-06-2007

28-03-2008

Active

NO

13

U45200WB2007PTC114323

SANJHA GHAR NIRMAAN PRIVATE LIMITED

Director

01-06-2007

01-06-2007

28-03-2008

Active

NO

14

U45203WB2005PTC104919

BETWA PALACE PRIVATE LIMITED

Additional director

16-11-2007

16-11-2007

08-05-2013

Active

NO

15

U45203WB2004PLC098303

BENGAL-PAILAN PARK INFRASTRUCTURE DEVELOPMENT CORPORATION LTD

Director

29-11-2007

29-11-2007

-

Active

NO

16

U45400WB2007PTC117928

VANILLA REALTY PRIVATE LIMITED

Director

19-06-2008

19-06-2008

03-11-2008

Active

NO

17

U35112WB2008PTC128951

VIZAG MARINE ANCHOR CHAIN PRIVATE LIMITED

Director

29-08-2008

29-08-2008

-

Active

NO

 

 

Name :

Pradip Chitlangia

Designation :

Director

Address :

2/1A Burdwan Road, Kolkata-700027, West Bengal, India

Date of Birth/Age :

28.03.1949

Date of Appointment :

20.06.1978

DIN No.:

00541759

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

U27203WB1977PTC031296

ANCHOR INDUSTRIES (INDIA) PRIVATE LIMITED

Director

31-12-1977

31-12-1977

-

Active

NO

2

U28999WB1978PTC031544

INDIAN CHAIN PRIVATE LIMITED

Director

20-06-1978

20-06-1978

-

Active

NO

3

U50200WB1985PTC039399

F.P.N.ENGINEERING PRIVATE LIMITED

Director

08-11-1985

08-11-1985

-

Active

NO

4

L65993WB1980PLC032869

CHAIN INVESTMENT LIMITED

Director

14-05-1993

14-05-1993

17-07-2013

Active

NO

5

U51109WB1999PTC089107

NIDEK MEDICAL INDIA PRIVATE LIMITED

Director

31-03-1999

31-03-1999

-

Active

NO

6

L51909WB1983PLC035967

NORTH EASTERN EXPORTERS LIMITED

Director

01-04-2003

01-04-2003

-

Active

NO

7

U45203WB2004PLC098303

BENGAL-PAILAN PARK INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED

Director

29-11-2007

29-11-2007

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay

Designation :

Key Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2014

 

Names of Shareholders

 

No. of Shares

 

N. K. Chitlangia

 

95961

Pradip Chitlangia

 

96083

Mala Chitlangia

 

21500

Tribeni Chitlangia

 

25534

Kavita Chitlangia

 

20000

Aman Chitlangia

 

30000

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

99.70

Others

0.30

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Stud Link Anchor Chain, Bucket elevator chain, Chain slings saccessories, Mining and Drag line chain, Curtair chain (Kiln) etc.

 

 

Products/ Services :

·         Stud Link Anchor Chain

·         Bucket Elevator Chain

·         Chain Slings and Accessories

·         Mining and Dragline Chain

·         Curtair Chain (Kiln)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Not Divulged

Countries :

·         France

·         Europe

·         UK

 

 

Imports :

 

Products :

Not Divulged

Countries :

·         Newzealand

·         Srilanka

 

 

Terms :

 

Selling :

Cash, Cheque and Credit (30 days and 60 days)

 

 

Purchasing :

Cash, Cheque and Credit (30 days and 60 days

 

 

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 :

550 (Approximately)

 

 

Bankers :

Bank Name:

Axis Bank Limited

Branch:

1, Shakespeare Sarani, AC Market, 3rd Floor, Kolkata-700071, West Bengal, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

005010200026150

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

 

 

Facilities :

 

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

From Axis Bank Limited

 

 

Cash Credit Facilty

0.056

26.968

Export Packing Credit

5.704

0.000

Total

5.760

26.968

 

Auditors :

 

Name :

Salarpuria and Partners

Chartered Accountants

Address :

7, Chittaranjan Avnue, Kolkata-700001, West Bengal, India

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

AAMFS2483H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Related Parties :

·         Nidek Medical Private Limited

·         Calcutta Docking and Engineering Company

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

900000

Equity Shares

Rs. 10/- each

Rs. 9.000 Million

 

 

 

 

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

335080

Equity Shares

Rs. 10/- each

Rs. 3.351 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

3.351

3.351

3.351

(b) Reserves & Surplus

308.462

310.148

286.546

(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)

311.813

313.499

289.897

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

3.972

2.801

3.206

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

8.531

8.805

10.726

Total Non-current Liabilities (3)

12.503

11.606

13.932

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

13.638

35.072

23.060

(b) Trade payables

18.642

16.445

11.851

(c) Other current liabilities

11.859

9.512

11.416

(d) Short-term provisions

3.568

3.031

0.000

Total Current Liabilities (4)

47.707

64.060

46.327

 

 

 

 

TOTAL

372.023

389.165

350.156

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

101.530

38.252

37.889

(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

17.534

8.502

11.002

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

40.000

106.082

13.965

(e) Other Non-current assets

0.196

0.165

0.165

Total Non-Current Assets

159.260

153.001

63.021

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

60.478

68.959

94.389

(b) Inventories

37.841

40.514

42.878

(c) Trade receivables

34.381

43.869

38.657

(d) Cash and cash equivalents

2.316

1.445

2.552

(e) Short-term loans and advances

75.295

80.434

107.772

(f) Other current assets

2.452

0.943

0.887

Total Current Assets

212.763

236.164

287.135

 

 

 

 

TOTAL

372.023

389.165

350.156

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

201.461

201.877

202.493

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

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

0.515

27.997

16.104

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX 

0.515

27.997

16.104

 

 

 

 

 

Less

TAX                                                                 

2.201

4.395

5.667

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX                            

(1.686)

23.602

10.437

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

111.968

88.366

77.928

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

110.282

111.968

88.365

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F.O.B. Value of Exports

56.308

33.998

50.314

 

TOTAL EARNINGS

 

 

 

 

 

 

 

 

 

Earnings Per Share (Rs.)

5.03

70.44

31.15

 

 

 

 

 

 

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)

(%)

(0.84)

11.69

5.15

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

0.26

13.87

7.95

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.15

7.35

4.75

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.00

0.09

0.06

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.04

0.11

0.08

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

4.46

3.69

6.20

 

 

 

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

3.351

3.351

3.351

Reserves & Surplus

286.546

310.148

308.462

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

289.897

313.499

311.813

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

23.060

35.072

13.638

Total borrowings

23.060

35.072

13.638

Debt/Equity ratio

0.080

0.112

0.044

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

202.493

201.877

201.461

 

 

(0.304)

(0.206)

 

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

202.493

201.877

201.461

Profit

10.437

23.602

(1.686)

 

5.15%

11.69%

(0.84)%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

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

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

80048634

12/02/2014 *

50,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S 
ARANI, AC MARKET, 3 ROAD FLOOR,, KOLKATA- 700071, WEST BENGAL , INDIA

B98294614

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

From Directors (Repayable On Demand)

5.006

5.573

From Companies (Repayable on Demand)

2.872

2.531

Total

7.878

8.104

 

 

OPERATION :

 

Revenue from operations of the Company during the year under review stood at Rs. 201.461 lacs as compared

to Rs. 201.877 lacs for the previous year. Company's export (FOB value) stood at Rs.56.308 lacs as compared

to Rs. 33.998 lacs for the previous year.

 

 

FIXED ASSETS:

 

·         Land

·         Factory Shed and Building

·         Office Building

·         Plant and Machineries

·         Computer

·         Motor Vehicle

·         Furniture and Fittings]

·         Office and Equipments and Air Conditioners, etc

·          

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. 63.70

UK Pound

1

Rs. 98.92

Euro

1

Rs. 70.67

 

 

INFORMATION DETAILS

 

Information Gathered by :

MAN

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

7

--CREDIT LINES

1~10

4

--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

 

44

 

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.