MIRA INFORM REPORT

 

 

Report No. :

322054

Report Date :

23.05.2015

 

IDENTIFICATION DETAILS

 

Name :

RAIPUR FORGINGS PIRVATE LIMITED

 

 

Registered Office :

Unit III, Plot No. 2, 3 & 4, Urla Industrial Area, Raipur-490001, Chhattisgarh

Tel. No.:

91-771-6541063

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

22.11.1991

 

 

Com. Reg. No.:

10-006785

 

 

Capital Investment / Paid-up Capital :

Rs.15.417 Million

 

 

CIN No.:

[Company Identification No.]

U28939CT1991PTC006785

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Supplier of Mild Steel Products.

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 280000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is and established company having satisfactory track record.

 

General Financial position of the company seems to be sound and healthy.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings at usual trade terms and condition.

 

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. Sunil Kedia

Designation :

Director

Contact No.:

91-9300096611

Date :

15.05.2015

 

 

LOCATIONS

 

Registered Office/Factor:

Unit_ III, Plot No. 2, 3 & 4, Urla Industrial Area, Raipur-490001, Chhattisgarh, India

Tel. No.:

91-771-6541063

Mobile No.:

91-9300096611 (Mr. Sunil Kedia)

Fax No.:

91-771-2326501

E-Mail :

raipurforgings@gmail.com

Website :

http://www.raipurforgings.com

csonline24@gmail.com

Location :

Owned

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Mr. SunilKumar Kedia

Designation :

Director

Address :

Tilaknagar Ward,, Gudhiyari, Raipur- 492009, Chhattisgarh, India

Date of Birth/Age :

17.09.1965

Date of Appointment :

22.11.1991

DIN No.:

01572092

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

U28939CT1991PTC006785

RAIPUR FORGINGS PVT LTD

Director

22/11/1991

22/11/1991

-

Active

NO

2

U27102CT2004PTC016951

RADHARANI STEELS PRIVATE LIMITED

Managing director

18/08/2008

30/10/2007

-

Active

NO

3

U27100CT2009PTC021260

GOS STEEL (INDIA) PRIVATE LIMITED

Managing director

01/07/2009

01/07/2009

-

Active

NO

4

U51109WB2009PTC132954

VRINDABAN COMMODEAL PRIVATE LIMITED

Director

04/01/2013

04/01/2013

-

Active

NO

5

U74300OR2000PTC006404

ARTDECO ADVERTISING SERVICE PRIVATE LIMITED

Director

20/04/2013

20/04/2013

-

Active

NO

6

U74140WB2009PTC136150

INTIME MANAGEMENT CONSULTANCY PRIVATE LIMITED

Director

03/12/2013

03/12/2013

-

Active

NO

7

U45201CT2001PTC014584

BHADORIA MULTISTORIES PRIVATE LIMITED

Director

12/01/2015

12/01/2015

-

Active

NO

 

 

Name :

Mr. Manoj Kumar Kedia

Designation :

Director

Address :

C/o Sanjay Steel, Industries, Dr. Ambedkar Nagar, Gudhiyari, Raipur- 492009, Chhattisgarh, India

Date of Birth/Age :

17.09.1972

Date of Appointment :

20.08.1994

DIN No.:

01885803

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Sunil Kumar Kedia

69430

Sanjay Kumar Kedia

30620

Sudesh Kumar Kedia

59500

Sangita Kedia

15000

Manoj Kumar Kedia

51650

Rama Kedia

26900

Hemlata Maheshwar

3200

Tenkeshwar Meshram

1900

Bharat Chawda

1900

Omprakash Kedia

35100

Umakant Ukey

1900

Motilal Patel

1900

Sarita Kedia

21600

Nutan Kedia

21800

Anita Kedia

21550

Omprakash & Sons (HUF)

100

Anju Meshram

10

Pravin Kumar Gaykwad

10

Manoj Kedia & (HUF

20550

Sanjay Kedia & (HUF)

20550

Sudesh Kedia & (HUF)

20550

Sunil Kedia & (HUF)

20550

Varsha Kedia

11900

Megha Chwda

5000

Radharani Steels Private Limited

142500

Ankit Kedia

100

Vrindban Commodeal Private Limited  (Business)

600000

Total

12,05,770

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2013

 

Category

Percentage

Bodies corporate

61.58

Directors or relatives of Directors

30.28

Other top fifty shareholders

8.14

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Supplier of Mild Steel Products.

 

 

Products :
  • Mild Steel Angles
  • Mild Steel Channels
  • Mild Steel Square Bar
  • Mild Steel Round Bar
  • Mild Steel Flat Bar

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Aarti Spong and Power Limited
  • Abhay Kothari
  • Abhichem Enterprises
  • Meerut Ambica Steel Agency, Raipur
  • Anant Enterprises
  • Anil Agrawal
  • Annapurna Trading Company
  • Arun Steel Agency
  • Bhagwati Enterprises
  • Bhagwatl Power and Steel Limited
  • Bhumi Enterprises
  • Brijesh Hurkat
  • Chaitanya Transport
  • Dooars Transport Limited
  • Ganpati Steels, Raipur
  • Ghaziabad Machine Tools
  • Gill Trailers Service, Ludhiyana
  • Gopal Agrawal
  • Hariklshan Agrawal
  • H K Enterprises
  • Harshadray Jyantilal Parekh

 

 

Customers :
  • Aarcee Casting Private Limited
  • A K Iron Traders, Bangalore
  • Agrawal Steel Industries, Raipur
  • Ajmera Steel Pvt. Ltd, Ratlam
  • Ajay Steel Trading, Bhopal (M.P.)
  • Aman Trading Company, Gaziabad
  • Ankit Kedia
  • Arya Electricals
  • Balaji Steel Syndicate, Raipur
  • Balaji Trade, Mumbai
  • Banaras Agro Ind. , Varanasi
  • Bindal Iron & Steel Company, Secudarabad
  • Bharat Trading co., Mumbai
  • D.K. Steel, Bhopal D.V. Steel Corporation, Bangalore
  • Daulat Associates
  • Ganga Iron & Steel
  • Galaxy Enterprises, Hyderabad
  • Goyal Steel Corporation
  • HIL Limited Raipur

 

 

No. of Employees :

150 (Approximately)

 

 

  • HDFC Bank Limited- House Senapati Bapat Marg, Lower Parel (W), Mumbai-400013, Maharashtra, India

 

  • Karnataka Bank Limited-Fafadih Chowk, Raipur-492001, Chhattisgarh, India

Bankers :

Bank Name

Punjab national bank

Bank Address

Main Branch, Jaistambh Chowk, Raipur, Chhattisgarh, Madhya Pradesh, India

Branch

Not Divulged

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

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Term Loan

 

 

Loan Form HDFC Bank

33.506

11.852

Short-term borrowings

 

 

Repayable on Demand

 

 

Secured and fully guaranteed by the director:

 

 

-Working capital Loan from HDFC Bank

15.723

23.408

-Term Loan from HDFC bank

0.000

4.323

Total

49.229

39.583

 

Auditors :

 

Name :

Agarwal Sur and Associates

Chartered Accountants

Address :

2nd Floor, DM Plaza, Chhotapara, Raipur-4920011, Chhattisgarh, Madhya Pradesh, India

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

AAEFA0466E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

-

 

 

CAPITAL STRUCTURE

 

As on 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,250,000

Equity Shares

Rs.10/- each

Rs. 12.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,205,770

Equity Shares

Rs.10/- each

Rs. 12.057Million

 

 

 

 

 

 

After 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2,000,000

Equity Shares

Rs.10/- each

Rs.20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,541,770

Equity Shares

Rs.10/- each

Rs.15.417 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

15.418

12.058

4.833

(b) Reserves & Surplus

83.680

62.733

24.512

(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)

99.098

74.791

29.345

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

33.506

11.852

10.192

(b) Deferred tax liabilities (Net)

1.766

1.306

0.797

(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)

35.272

13.158

10.989

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

15.723

27.731

43.891

(b) Trade payables

14.909

10.665

14.478

(c) Other current liabilities

30.793

40.412

44.599

(d) Short-term provisions

10.395

10.216

8.082

Total Current Liabilities (4)

71.820

89.024

111.050

 

 

 

 

TOTAL

206.190

176.973

151.384

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

95.138

63.946

51.453

(ii) Intangible Assets

0.000

0.000

0.550

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.550

0.550

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

17.464

11.438

6.439

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

113.152

75.934

58.442

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

27.258

51.801

49.868

(c) Trade receivables

58.676

34.778

33.434

(d) Cash and cash equivalents

1.260

0.511

0.739

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

5.844

13.949

8.901

Total Current Assets

93.038

101.039

92.942

 

 

 

 

TOTAL

206.190

176.973

151.384

 

 

PROFIT & LOSS ACCOUNT

 

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue From Operation        

563.163

546.906

489.390

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

460.630

432.184

411.014

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

6.229

0.780

(8.973)

 

 

Employees benefits expense

2.584

2.562

2.347

 

 

Other expenses

77.517

94.793

77.624

 

 

Extraordinary Items

0.000

0.000

(3.000)

 

 

TOTAL                                    

546.960

530.319

479.012

 

 

 

 

 

 

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

16.203

16.587

10.378

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

3.948

6.582

3.862

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

12.255

10.005

6.516

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

6.563

6.341

5.212

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX

5.692

3.664

1.304

 

 

 

 

 

Less

TAX                                                                 

1.545

1.207

0.160

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

4.147

2.457

1.144

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

3.82

6.14

2.41

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

600.000

 

 

The above information has been parted by Mr. Sunil Kedia (Director)

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.74

0.45

0.23

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

2.88

3.03

2.12

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.77

2.08

0.86

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.06

0.05

0.04

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.50

0.53

1.84

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.30

1.13

0.84

 

 

 

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

4.833

12.058

15.418

Reserves & Surplus

24.512

62.733

83.680

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

29.345

74.791

99.098

 

 

 

 

long-term borrowings

10.192

11.852

33.506

Short term borrowings

43.891

27.731

15.723

Total borrowings

54.083

39.583

49.229

Debt/Equity ratio

1.843

0.529

0.497

 

 

 

 

 

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

489.390

546.906

563.163

 

 

11.753

2.973

 

 

 

 

 

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

489.390

546.906

563.163

Profit

1.144

2.457

4.147

 

0.23%

0.45%

0.74%

 

 

 

 

 

 

 

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

No

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

Yes

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

10303394

25/11/2014 *

137,335,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W 
, MUMBAI, Maharashtra - 400013, INDIA

C36011765

2

10291446

24/11/2014 *

127,335,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W 
, MUMBAI, Maharashtra - 400013, INDIA

C36804615

 

 

FIXED ASSETS

 

  • Land
  • Lease Hold Building
  • Factory and Building
  • Honda Activa
  • Pollution Equipment
  • Bajaj Platina
  • Weighting Scale
  • Maruti Car
  • Mobile
  • Borwel Pump
  • Electrical Install at
  • Straightening Machine
  • Plant and Machinery
  • Water Harvesting
  • Factory Building
  • Computer
  • Printer
  • Crane
  • Tractor
  • Rolls

 

 

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.63.57

UK Pound

1

Rs.99.66

Euro

1

Rs.70.92

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

PJA

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

4

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--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

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

 

45

 

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.