MIRA INFORM REPORT

 

 

Report No. :

324003

Report Date :

27.05.2015

 

IDENTIFICATION DETAILS

 

Name :

S B MOVERS AND LIFTERS PRIVATE LIMITED

 

 

Registered Office :

16  DSIDC Sheds, Okhla Industrial Area, Phase – I, New Delhi-110020, Delhi

Tel. No.:

91-11-41754001/4000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

02.07.2002

 

 

Com. Reg. No.:

55-116047

 

 

Capital Investment / Paid-up Capital :

Rs. 0.200 Million

 

 

CIN No.:

[Company Identification No.]

U63090DL2002PTC116047

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELS19352E

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Supplier construction equipments.

 

 

No. of Employees :

500 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year of 2002, engaged in supplying of construction equipment’s. Subject is having satisfactory track record.

 

In the year 2014, the company reported increase in its revenue and reported top line growth at 55%. Profitability stood at 5.08% backed by its debt to equity margin at 2.6 times.

 

Rating take into comfort as company is having good track record of its operation backed by its experienced promoters.

 

Trade relation are fair. Business is active and payments are reported to be usually correct.

 

In a view of sound financial, the company can be considered for the business dealings with its 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

 

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. Pawan

Designation :

Accounts Manager

Contact No.:

91-9810047048

Date :

25.05.2015

 

 

LOCATIONS

 

Registered Office :

16  DSIDC Sheds, Okhla Industrial Area, Phase – I, New Delhi-110020, Delhi, India

Tel. No.:

91-11-41754001/4000

Mobile No.:

91-9810047048 (Mr. Pawan)

Fax No.:

91-11-41754000

E-Mail :

sbgroupservices@yahoo.com

 

 

Branch Office 1 :

606, 68/94 Village Sofat Pallgad, Faridabad, Haryana, India

 

 

Branch Office 2 :

305, Madhuban Building 55 , Nehru Place, New Delhi-110019, Delhi, India

Location :

Rented

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Mr. Sahamal Singh

Designation :

Director

Address :

685, Sector 37, Faridabad – 121003, Haryana, India 

Date of Birth/Age :

01.05.1963

Date of Appointment :

02.07.2002

DIN No.:

01161333

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

U63090DL2002PTC116047

S B MOVERS AND LIFTERS PRIVATE LIMITED

Director

02/07/2002

02/07/2002

-

Active

NO

2

U74140DL2011PTC225705

SB PROTECH PRIVATE LIMITED

Director

30/09/2011

30/09/2011

-

Active

NO

3

U45400DL2014PTC266095

SUNSIDE DEVELOPERS PRIVATE LIMITED

Director

20/03/2014

20/03/2014

-

Active

NO

 

 

Name :

Mrs. Hema Chugh

Designation :

Director

Address :

C -111 B, Ground Floor, Kalkaji, New Delhi-110019, Delhi, India

Date of Birth/Age :

25.03.1980

Date of Appointment :

06.03.2009

DIN No.:

02488785

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

U63090DL2002PTC116047

S B MOVERS AND LIFTERS PRIVATE LIMITED

Director

06/03/2009

06/03/2009

-

Active

NO

2

U74140DL2011PTC225705

SB PROTECH PRIVATE LIMITED

Director

30/09/2011

30/09/2011

-

Active

NO

 

 

Name :

Mrs. Sunita Inder

Designation :

Director

Address :

685, Sector 37, Faridabad – 121003, Haryana, India 

Date of Birth/Age :

15.01.1968

Date of Appointment :

02.07.2002

DIN No.:

03209376

 

 

KEY EXECUTIVES

 

Name :

Mr. Pawan

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Sahamal Singh

 

10000

Sunita Inder

 

10000

Total

 

20000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2013

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Supplier construction equipments.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Advance Payment / L/C / Credit

 

 

Purchasing :

Advance Payment / L/C / Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Kaidar Sons

Name of the Person :

Mr. Mehra

Contact No.:

91-9650537485

Since How Long Known :

10 Years

Maximum Limit Dealt :

Rs.3.000 Million (Yearly)

Experience :

Payment Behaviour

Market Goodwill

Overall

Excellent

Excellent

Excellent

Remark:

They gave us positive response about subject company they are satisfied with their payment behavior market goodwill.

 

 

Customers :

Reference :

Bansal Industries

Name of the Person :

Mr. Manoj Sangwal (Purchase Manager)

Contact No.:

91-9871697638

Since How Long Known :

30 Years

Maximum Limit Dealt :

 

Experience :

Product Quality

Delivery Behaviour

Overall

Excellent

Excellent

Excellent

Remark:

They gave us positive response about subject company they are satisfied with their product quality and delivery behavior.

 

 

No. of Employees :

500 (Approximately) 

 

 

Bankers :

Bank Name

Bank of India

Branch

Okhla SME Branch, 4 DSIDC Shade, Okhla Industries Area, Phase 1, Delhi, India

Person Name (With Designation)

Mr. Pankaj

Contact Number

91-11-26818446

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)

Rs.20.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • Axis Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India

 

  • Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point,, Mumbai - 400021, Maharashtra, India

 

  • ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

 

  • HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

 

 

 

Auditors :

 

Name :

Khanijo and Khanijo

Chartered Accountants

Address :

1501, Pataudi House, Daryaganj, New Delhi – 110002, Delhi, India

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

AAEFK9884C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

 

 

 

CAPITAL STRUCTURE

 

 

As on 31.03.2015

 

Authorised Capital : Not Available

 

Issued, Subscribed & Paid-up Capital : Rs.0.200 Million

 

 

As on 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100,000

Equity Shares

Rs.10/- each

Rs.1.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20,000

Equity Shares

Rs.10/- each

Rs.0.200 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.200

0.200

0.200

(b) Reserves & Surplus

78.226

58.451

50.104

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

3.325

Total Shareholders’ Funds (1) + (2)

78.426

58.651

53.629

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

84.314

135.305

71.836

(b) Deferred tax liabilities (Net)

5.698

12.068

8.879

(c) Other long term liabilities

25.207

23.245

18.539

(d) long-term provisions

10.667

10.817

11.447

Total Non-current Liabilities (3)

125.886

181.435

110.701

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

25.106

20.752

8.941

(b) Trade payables

48.482

73.149

27.471

(c) Other current liabilities

72.773

89.280

57.275

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

146.361

183.181

93.687

 

 

 

 

TOTAL

350.673

423.267

258.017

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

219.156

304.011

190.399

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

18.556

30.498

24.388

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

237.712

334.509

214.787

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

101.059

46.614

34.730

(d) Cash and cash equivalents

4.636

32.079

2.966

(e) Short-term loans and advances

7.266

10.065

5.534

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

112.961

88.758

43.230

 

 

 

 

TOTAL

350.673

423.267

258.017

 

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

141.593

135.697

71.766

 

Other Income

37.996

28.594

33.972

 

TOTAL (A)

179.589

164.291

105.738

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Direct Expenses

34.121

28.369

9.643

 

Employees benefits expense

20.725

23.879

16.574

 

Other expenses

32.558

31.178

30.071

 

TOTAL (B)

87.404

83.426

56.288

 

 

 

 

 

Less

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

92.185

80.865

49.450

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

25.816

25.248

16.169

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

66.369

55.617

33.281

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

38.935

39.375

24.556

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

27.434

16.242

8.725

 

 

 

 

 

Less

TAX (H)

7.659

7.895

4.671

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

19.775

8.347

4.054

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

988.75

417.35

202.70

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

13.97

6.15

5.65

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

65.11

59.59

68.90

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

7.82

3.84

3.38

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.35

0.28

0.16

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.40

2.66

1.51

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.77

0.48

0.46

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.200

0.200

0.200

Reserves & Surplus

50.104

58.451

78.226

 Share Application money pending allotment

3.325

0.000

0.000

Net worth

53.629

58.651

78.426

 

 

 

 

long-term borrowings

71.836

135.305

84.314

Short term borrowings

8.941

20.752

25.106

Total borrowings

80.777

156.057

109.420

Debt/Equity ratio

1.506

2.661

1.395

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

71.766

135.697

141.593

 

 

89.083

4.345

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

71.766

135.697

141.593

Profit

4.054

8.347

19.775

 

5.65%

6.15%

13.97%

 

 

 

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

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

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

10456907

03/10/2013

29,778,000.00

RELIANCE CAPITAL LTD

"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA

B88241906

2

10448732

25/07/2013

3,325,000.00

Axis Bank Limited

TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G 
ARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA

B84854181

3

10438327

11/06/2013

25,926,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA

B80239007

4

10437093

29/05/2013

58,218,000.00

HDFC BANK LIMITED

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

B79720629

5

10425448

08/05/2013

6,954,000.00

Axis Bank Limited

TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G 
ARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA

B75040428

6

10423248

29/04/2013

30,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA

B74234972

7

10423494

15/04/2013

26,817,500.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M 
UMBAI, Maharashtra - 400021, INDIA

B74329780

8

10358296

27/04/2012

24,500,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA

B40671257

9

10296540

24/06/2011

7,560,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA

B16635542

10

10296482

26/05/2011

29,000,000.00

RELIANCE CAPITAL LTD

"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA

B16635302

 

 

 

 

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.63.85

UK Pound

1

Rs.98.38

Euro

1

Rs.69.64

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

JYTK

 

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

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

 

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.