MIRA INFORM REPORT

 

 

Report No. :

324614

Report Date :

29.05.2015

 

IDENTIFICATION DETAILS

 

Name :

KREATIVE ORGANICS PRIVATE LIMITED

 

 

Registered Office :

H. No. 8-2-293/82/a/1306, Road No. 65, Jubilee Hills, Hyderabad – 500033, Telangana

Tel. No.:

91-40-23553624

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

15.03.1990

 

 

Com. Reg. No.:

01-011112

 

 

Capital Investment / Paid-up Capital :

Rs. 1.501 Million

 

 

CIN No.:

[Company Identification No.]

U24230TG1990PTC011112

 

 

IEC No.:

Not Available

 

 

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 of Bulk Drugs.

 

 

No. of Employees :

60 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (34)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 150000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct 

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

Management has failed to file its financial record with government department for the year 2014.

 

As per the previous financial of 2013, general financial position of the company seems to be sound.

 

However, rating remain constrained on account absence of latest financial information due to which it is difficult to evaluate current operational performance and risk associated with the subject company.

 

However, trade relations are reported as fair. Payments are reported to be slow but correct.

 

In view of absence of latest financial information, the company can be considered for business dealing with some caution. 

 

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. Jay Prakash

Designation :

Accounts Manager

Contact No.:

91-9849432819

Date :

26.05.2015

 

 

LOCATIONS

 

Registered Office :

H. No. 8-2-293/82/a/1306, Road No. 65, Jubilee Hills, Hyderabad – 500033, Telangana, India

Tel. No.:

91-40-23553624

Mobile No.:

91-9849432819 (Mr. Jay Prakash)

Fax No.:

91-40-23553624

E-Mail :

prakash@kreativeorganics.com

kreative_org@satyam.net.in

Area :

2000 Sq. Ft.

Location :

Rented

Locality :

Commercial

 

 

Factory  :

Located At :

D 123 Phase 3 IDA Jedimetla, Hyderabad – 500055, Telangana, India

Area :

14000 Sq. Ft.

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Mr. Mohan  Krishna Seelamsetty

Designation :

Managing Director

Address :

Plot No. 6 Silentlakevalley Road 51, Jubilee Hills, Hyderabad - 500033, Telangana, India 

Date of Birth/Age :

08.02.1948

Date of Appointment :

15.03.1990

DIN No. :

00357258

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

U24230TG1990PTC011112

KREATIVE ORGANICS PRIVATE LIMITED

Managing director

15/03/1990

15/03/1990

-

Active

NO

2

U22210TG2014PTC093326

Escape Velocity Digital Private Limited

Director

05/03/2014

05/03/2014

-

Active

NO

 

 

Name :

Mr. Sowbhagyavathi  Seelamsetty

Designation :

Director

Address :

Plot No. 6 Silentlakevalley Road 51, Jubilee Hills, Hyderabad - 500033, Telangana, India 

Date of Birth/Age :

16.04.1953

Date of Appointment :

15.03.1990

DIN No. :

00357263

 

 

Name :

Mr.  Satyaraghu Seelamsetty

Designation :

Whole-time Director

Address :

Plot No. 6 Silentlakevalley Road 51, Jubilee Hills, Hyderabad - 500033, Telangana, India 

Date of Birth/Age :

15.04.1973

Date of Appointment :

30.09.2009

DIN No. :

01847281

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

U74999TG2007PTC056782

Panorama Design Services Private Limited.

Director

20/12/2007

20/12/2007

-

Active

NO

2

U24230TG1990PTC011112

KREATIVE ORGANICS PRIVATE LIMITED

Whole-time director

30/09/2009

01/10/2008

-

Active

NO

3

U22210TG2014PTC093326

Escape Velocity Digital Private Limited

Director

05/03/2014

05/03/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Jay Prakash

Designation :

Accounts Manager

 

MAJOR SHAREHOLDERS

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Krishnamohan Satyanarayana Seelamsetty

13185

Sowbhagyavathi Krishnamohan Seelamsetty

1401

Satyaraghu Krishnamohan Seelamsetty

160

Ravichandra Krishnamohan Seelamsetty

160

Sridevi Satyaveerabhadrarad Mallepamula

100

Total

15006

 

As on 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Bulk Drugs.

 

 

Products :

Bulk Drugs

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Bulk Drugs

Countries :
  • USA
  • Singapore
  • Israel

 

 

Imports :

 

Products :

Intermediates

Countries :

China

 

 

Terms :

 

Selling :

Cash, Cheque and Credit

 

 

Purchasing :

Cash, Cheque and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

IPCA Laboratories

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 :

Reference :

Abbott India Limited

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 :

60 (Approximately)

 

 

Bankers :

Bank Name

ICICI Bank Limited

Branch

ICICI Bank Towers, 1-11-256, Begumpet, Level IV, Hyderabad - 500016, Andhra Pradesh, 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

 

Bank Name

Axis Bank Limited

Branch

Corporate Banking Branch, No-6-3-879/B, G Pullareddy Building, Greenlands, Begumpet Road, Hyderabad - 500016, Andhra Pradesh, 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)

Cash Credit and term loan – Rs. 50.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Term Loans – from banks:

Tem Loan From Axis Bank

(Exclusive first charge on the fixed Assets of the company both present and future as primary security and equitable mortgage of personal properties of directors)

Exclusive first charge on the current Assets of the Company both present and future as collateral security besides personal guarantee of directors.

15.800

19.800

Kotak Mahindra Car Loan

(Primary Security on Skoda laura No. AP9BY15)

0.473

0.702

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loan From Axis Bank

(Exclusive first charge on the entire Current Assets of the company both present and future as primary security)

Exclusive first charge on the Fixed Assets of the Company both present and future as collateral security besides personal guarantee of directors.

17.857

18.508

Total

34.130

39.010

 

 

 

Auditors :

 

Name :

PRV Associates

Chartered Accountants

Address :

3-6-203, Ground Floor, Himayath Nagar, Hyderabad – 500029, Andhra Pradesh, India

Tel. No.:

91-40-23227651 / 23223289

E-Mail :

prv_associates@yahoo.co.in

prvassociates1993@gmail.com

PAN No.:

AACFP6810F

 

 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

As on 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20000

Equity Shares

Rs.100/- each

Rs.2.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15006

Equity Shares

Rs.100/- each

Rs.1.501 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

1.501

1.501

1.501

(b) Reserves & Surplus

37.504

35.339

37.349

(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)

39.005

36.840

38.850

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

28.873

25.502

8.968

(b) Deferred tax liabilities (Net)

3.444

3.826

1.110

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

7.089

7.080

0.000

Total Non-current Liabilities (3)

39.406

36.408

10.078

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

17.857

35.308

12.294

(b) Trade payables

13.486

5.998

2.044

(c) Other current liabilities

0.622

0.441

7.128

(d) Short-term provisions

1.842

1.583

1.450

Total Current Liabilities (4)

33.807

43.330

22.916

 

 

 

 

TOTAL

112.218

116.578

71.844

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

50.257

54.617

16.717

(ii) Intangible Assets

0.350

0.407

0.472

(iii) Capital work-in-progress

0.000

0.000

6.064

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.074

0.074

3.915

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

7.423

7.421

7.266

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

58.104

62.519

34.434

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

28.928

35.814

24.433

(c) Trade receivables

21.138

13.483

3.414

(d) Cash and cash equivalents

0.331

0.241

3.690

(e) Short-term loans and advances

3.717

4.521

5.873

(f) Other current assets

0.000

0.000

 

Total Current Assets

54.114

54.059

37.410

 

 

 

 

TOTAL

112.218

116.578

71.844

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

88.999

35.925

 

 

Other Income

1.876

1.957

 

 

TOTAL

90.875

37.882

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

29.442

24.212

 

 

Purchases of Stock-in-Trade

0.000

0.000

 

 

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

15.882

(21.246)

 

 

Employees benefits expense

10.666

8.135

 

 

Other expenses

20.267

15.695

 

 

TOTAL

76.257

26.796

 

 

 

 

 

Less

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

14.618

11.086

NA

 

 

 

 

 

Less

FINANCIAL EXPENSES

5.227

4.966

 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

9.391

6.120

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

7.261

5.185

 

 

 

 

 

 Add

PRIOR PERIOD INCOME / EXPENSES

0.087

(0.030)

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.217

0.905

 

 

 

 

 

Less

TAX

0.052

2.915

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.165

(2.010)

5.133

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

17.151

19.161

14.029

 

 

 

 

 

 

Balance Carried to the

19.316

17.151

19.161

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 USD      0.819

45.867

 USD      0.413

21.456

 USD      0.854

38.743

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

19.910

8.483

24.304

 

TOTAL IMPORTS

19.910

8.483

24.304

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

144.32

(133.99)

341.997

 

 

Particulars

 

 

31.03.2014

31.03.2015

Sales Turnover (Approximately)

 

98.700

120.000

 

 

 

 

 

Expected Sales (2015-2016) : Rs. 170.000

 

The above information has been parted by Mr. Jay Prakash

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

Net Profit Margin

(PAT / Sales)

(%)

2.43

(5.59)

NA

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

16.42

30.86

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.98

0.78

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.06

0.02

NA

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.20

1.65

0.55

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.60

1.25

1.63

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

1.501

1.501

1.501

Reserves & Surplus

37.349

35.339

37.504

Share Application money pending allotment

0.000

0.000

0.000

Net worth

38.850

36.840

39.005

 

 

 

 

long-term borrowings

8.968

25.502

28.873

Short term borrowings

12.294

35.308

17.857

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

21.262

60.810

46.730

Debt/Equity ratio

0.547

1.651

1.198

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Sales

35.925

88.999

 

147.736

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Sales

35.925

88.999

Profit

(2.010)

2.165

 

(5.59%)

2.43%

 

 

 

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)

Yes

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

 

 

Note:

The Registered Office of the company has been shifted C-27, 1st Floor, Road No. 9, Film Nagar, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India to the present address w.e.f.01.08.2010

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10234441

31/07/2013 *

37,150,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH, NO-6-3-879/B, G PULLAR 
EDDY BUILDING, GREENLANDS, BEGUMPET ROAD, HYDERABAD, ANDHRA PRADESH - 500016, INDIA

B82721473

2

90120427

19/02/1991

419,959.00

A.P.S.F.C.

HYDERABAD, HYDERABAD, ANDHRA PRADESH, INDIA

-

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Loans from Other Parties

 

 

From Others

5.000

5.000

Unsecured Loans from Directors

7.600

0.000

 

 

 

SHORT TERM BORROWING

 

 

From Directors

0.000

11.600

 

0.000

5.200

Total

12.600

21.800

 

 

CONTINGENT LIABILITIES:

 

All Liabilities have been provided for in the accounts except liabilities of contingent nature which have been disclosed at their estimated value in the notes on accounts. 

 

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Plant and machinery
  • Lab Equipment
  • R and D Equipment
  • Furniture and Fixtures
  • Office Equipment
  • Vehicles
  • Electricals Items

 

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. 63.90

UK Pound

1

Rs. 98.16

Euro

1

Rs. 69.74

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TRU

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

0

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

4

--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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

34

 

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.