MIRA INFORM REPORT

 

 

Report No. :

324747

Report Date :

29.05.2015

 

IDENTIFICATION DETAILS

 

Name :

PERMA CONSTRUCTION AIDS PRIVATE LIMITED

 

 

Registered Office :

Shed No. C C1/2301/2, GIDC Sarigam, Valsad – 396155, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.04.1997

 

 

Com. Reg. No.:

04-032104

 

 

Capital Investment / Paid-up Capital :

Rs. 9.900 Million

 

 

CIN No.:

[Company Identification No.]

U45201GJ1997PTC032104

 

 

IEC No.:

0398018081

 

 

EPF No.:

GJ/VAPI/45532

 

 

Central tax No.:

24750500724C

 

 

Services Tax Registration No.:

AABCP4353KST001

 

 

Excise Registration No.:

AABCP4353KXM001

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

SRTP01569B

 

 

PAN No.:

[Permanent Account No.]

AABCP4353K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing and Supplying of Waterproofing Chemicals

 

 

No. of Employees :

120 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 150000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

For the financial year ended 2014, company has reported decent operational performance and it has achieved profit from its operational activities.

 

Rating also takes into consideration company’s sound financial risk profile and fair liquidity position of the company.

 

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 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 (General Details)

 

Name :

Mr. Nandan

Designation :

Accounts

Contact No.:

91-260-2783019

 

 

LOCATIONS

 

Registered Office/Corporate office :

Shed No. C C1/2301/2, GIDC Sarigam, Valsad – 396155, Gujarat, India

Tel. No.:

91.260-2783019

Mobile No.:

Not Available

E-Mail :

info@permaindia.com

Website :

http://www.permaindia.com  

 

 

Works :

Shed No. C1/230/2, Plot No. 3102, GIDC, Sarigam – 396155, Dist. Valsad, Gujarat, India

 

 

Branch Office :

611/612, Nirmal Corporate Centre, LBS Marg, Mulund (West), Mumbai – 400080, Maharashtra, India

Tel. No.:

91-22-25918911

Fax No.:

91-22-25903008

 

 

DIRECTORS

 

As on : 30.09.2014

 

Name :

Mr. Charles Jeyasingh Augustine

Designation :

Whole time Director

Address :

5/A, Dattani Apartment, Flat No.46, B Wing, Kandivali, Mumbai, Maharashtra, India

Date of Birth/Age :

02.01.1961

Date of Appointment :

11.04.1997

DIN No.:

00350686

 

 

Name :

Mr. Mohmmad Abdul Waheed

Designation :

Whole-time Director

Address :

6/B 702 Meelam Nagar, Mulund (East), Mumbai – 400081, Maharashtra, India

Date of Birth/Age :

15.12.1951

Date of Appointment :

11.04.1997

DIN No.:

00352600

 

 

Name :

Ms. Safia Abdul Waheed

Designation :

Whole time Director

Address :

6/B 702 Meelam Nagar, Mulund (East), Mumbai – 400081, Maharashtra, India

Date of Birth/Age :

12.10.1954

Date of Appointment :

11.04.1997

DIN No.:

00382044

 

 

KEY EXECUTIVES

 

Name :

Mr. Nandan

Designation :

Accounts

 

 

Name :

Mr. Jignesh H. Shah

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on : 30.09.2014

 

Names of Shareholders

No. of Shares

%age

Charles Jeyasingh Augustine

495000

50.00

Safia Abdul Waheed

40000

4.04

Mohmmad Abdul Waheed

455000

45.96

Total

990000

100.00

 

 

 

 

 

As on : 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Supplying of Waterproofing Chemicals

 

 

Products :
  • Integral Waterproofing Compound
  • Tile Fixing Adhesives
  • Tile Joint Fillers
  • Cement Admixture, Chemical Admixture
  • Concrete Admixture
  • Sealants
  • Putty
  • Structural Repair and Bonding Material Flooring Products
  • Epoxy Products
  • Water Repellent Coating
  • Construction Chemicals
  • Tiles Fixing Adhesive
  • Admixture for Concrete

 

 

Brand Names :

PERMA

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Sri Lanka
  • Bangladesh

 

 

Imports :

 

Products :

Raw Material

Countries :
  • South Africa
  • Russia
  • Sweden

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

 

 

PRODUCTION DETAIL : NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Atul Limited
  • C.K Vertical and Hand Moulding
  • Ganga Rasayanie Private Limited
  • Jay Engineering Industries
  • Just Dial Limited
  • Metal Impact Private Limited
  • Montage Enterprise Private Limited
  • Naico Metal Products limited
  • New Tech Industries
  • Raj Electricals and Engineers
  • The Oriental Insurance Company Limited
  • Vijay Industries
  • Zenith Fibres Limited

 

 

 

Customers :
  • Balaji Realcon Private Limited – Bhilad
  • AAA Construction and Marketing
  • Adithya Waterproofing Systems
  • Aeon Building Solutions - Bangalore
  • Balaji Realcon Private Limited - Nashik
  • Bharat Electrical Con and Mfg. Private Limited - Sangli
  • Diparth Enterprises – Ahmedabad
  • East Coast Constructions and Industries Limited
  • Disha Dynamic Buildwell. Private Limited
  • Ethios Enviro Solutions Private Limited
  • Gayatri Projects Limited,
  • Impact Floors India Private Limited
  • Kamdhenu Enterprises - Mumbai
  • Joel Enterprises Kanhargad -Kerala
  • Nina Concrete Systems Private Limited - Bangalore
  • Nina Concrete Systems Private Limited - Goa
  • Nina Concrete Systems Private Limited - Hyderabad
  • Nina Concrete Systems Private Limited - Mumbai
  • Nina Concrete Systems Private Limited - New Delhi
  • Nina Concrete Systems Private Limited - Pune
  • Perfect Proofing Company - Nagpur
  • Pooja Enterprises - Thane
  • Pushpanugrha Industries
  • Shreshank Properties Private Limited
  • Shri Sai Traders - Boriwali, Mumbai

 

 

 

No. of Employees :

120 (Approximately)

 

 

Bankers :
  • Bank of Baroda, Bangalore, Karnataka, India
  • Bank of Baroda, Cochin, Kerala, India
  • Bank of Baroda, Kolkata, West Bengal, India
  • Bank of Baroda, Sarigam, India
  • State Bank of India, Cochin, Kerala, India

 

Banker Name

Bank of Baroda

Branch Address

Mulund (West) Branch, Poojas, 99, Jawaharal Nehru Road, Mulund West, Mumbai – 400080, Maharashtra, 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

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Term loan from Bank

0.797

2.760

Short Term Borrowing

 

 

Loans  and advance on cash Account from Banks

 

 

Bank of Baroda – Cash Credit

(Secured by hypothecation of current Assets, Plant and Machinery, Equitable Mortgage of Factory Land and Building and personal guarantees of all Directors.)

14.571

10.742

Total

15.368

13.502

 

Auditors :

 

Name :

Manoj  Shah and company

Chartered Accountants

Address :

6, Rajhans, 1st Floor, Near Char Rasta, GIDC, Vapi – 396196, Gujarat, India

PAN No.:

AAVFM0512G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on : 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1500000

Equity Shares

Rs.10/- each

Rs.15.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

990000

Equity Shares

Rs.10/- each

Rs.9.900 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

9.900

9.900

9.100

(b) Reserves & Surplus

43.635

24.730

33.845

(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)

53.535

34.630

42.945

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

8.097

5.560

9.599

(b) Deferred tax liabilities (Net)

0.000

0.000

2.574

(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)

8.097

5.560

12.173

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

15.421

11.473

8.867

(b) Trade payables

25.185

18.593

12.666

(c) Other current liabilities

2.695

2.820

1.691

(d) Short-term provisions

2.203

2.832

2.228

Total Current Liabilities (4)

45.504

35.718

25.452

 

 

 

 

TOTAL

107.136

75.908

80.570

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

31.463

23.554

36.840

(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

0.857

0.606

0.600

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

32.320

24.160

37.440

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

20.094

16.010

12.141

(c) Trade receivables

38.632

27.216

22.860

(d) Cash and cash equivalents

6.857

3.215

3.584

(e) Short-term loans and advances

9.233

5.307

4.545

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

74.816

51.748

43.130

 

 

 

 

TOTAL

107.136

75.908

80.570

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

208.327

162.828

130.247

 

Other Income

0.009

0.005

0.007

 

TOTAL

208.336

162.833

130.254

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

115.710

88.432

71.052

 

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

(2.783)

(2.568)

(0.739)

 

Employees benefits expense

34.307

25.301

22.920

 

Exceptional Items 

 0.000

26.878

 0.000

 

Other expenses

36.850

32.457

24.542

 

TOTAL

184.084

170.500

117.775

 

 

 

 

 

Less

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

24.252

(7.667)

12.479

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.631

1.788

1.944

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

22.621

(9.455)

10.535

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.935

2.234

1.963

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

20.686

(11.689)

8.572

 

 

 

 

 

Less

TAX

1.780

(2.574)

2.649

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

18.906

(9.115)

5.923

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Import of Foreign Currency

(Export of Goods, calculated on F.O.B. Basis Royalty, KnowHow, Proessional and Consultancy Fees)

8.600

4.463

4.483

 

TOTAL EARNINGS

8.600

4.463

4.483

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

8.228

7.845

2.515

 

TOTAL IMPORTS

8.228

7.845

2.515

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

19.10

-9.21

5.98

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

Current Maturities of Long term debt

8.096

5.560

Cash generated from operations

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

Net Profit Margin (PAT/Sales)

(%)

9.08

(5.60)

4.55

 

 

 

 

 

Operating Profit Margin (PBITD/Sales)

(%)

11.64

(4.71)

9.58

 

 

 

 

 

Return on Total Assets (PBT/Total Assets}

(%)

19.31

(15.40)

10.64

 

 

 

 

 

Return on Investment (ROI) (PBT/Networth)

 

0.39

(0.34)

0.20

 

 

 

 

 

Debt Equity Ratio (Total Debt /Networth)

 

0.44

0.49

0.43

 

 

 

 

 

Current Ratio (Current Asset/Current Liability)

 

1.64

1.45

1.69

 

 

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

9.100

9.900

9.900

Reserves & Surplus

33.845

24.730

43.635

Net worth

42.945

34.630

53.535

 

 

 

 

long-term borrowings

9.599

5.560

8.097

Short term borrowings

8.867

11.473

15.421

Current Maturities of Long-Term Debts

0.000

2.820

2.815

Total borrowings

18.466

19.853

26.333

Debt/Equity ratio

0.430

0.573

0.492

 

 

 

 

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

130.254

162.833

208.336

 

 

25.012

27.945

 

 

 

 

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

130.254

162.833

208.336

Profit / (Loss)

5.923

(9.115)

18.906

 

4.55%

(5.60%)

9.07%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

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

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

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

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

Loan from Director

7.300

2.800

Short Term Borrowing

 

 

Trade deposits

0.850

0.729

Total

8.150

3.529

 

 

INDEX OF CHARGES

 

.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90105187

05/09/2002

468,000.00

BANK OF BARODA

MULUND (WEST BRANCH), MUMBAI, Maharashtra - 400080 
, INDIA

-

2

90104128

26/12/2009 *

19,500,000.00

Bank of Baroda

Mulund West Branch, "POOJAS",, 99, Jawaharlal Nehru Road, Mulund West,, Mumbai, Maharashtra - 400080, INDIA

A77062545

3

90106506

26/12/2009 *

19,500,000.00

Bank of Baroda

Mulund West Branch, "POOJAS",, 99, Jawaharlal Nehru Road, Mulund West,, Mumbai, Maharashtra - 40008 
0, INDIA

A77062669

4

90104945

28/03/2000

376,000.00

THE HONG KONG AND SHANGHAI BANKING CORPN. LIMITED

NETWORK SERVICE CENTRE, SUDAM PALU AHIRE MARG; WO 
RLI, MUMBAI, Maharashtra - 400025, INDIA

-

5

90104921

31/12/1999

332,000.00

THE HONG KONG AND SHANGHAI BANKING CORPN. LIMITED

NETWORK SERVICE CENTRE, SUDAM PALU AHIRE MARG; WO 
RLI, MUMBAI, Maharashtra - 400025, INDIA

-

6

90104854

17/05/1999

90,000.00

BANK OF BARODA

MULUND (WEST BRANCH), MUMBAI, Maharashtra - 400080 
, INDIA

-

* Date of charge modification

 

 

FIXED ASSETS

 

  • Computer and Printers
  • Electrical Installation
  • Factory Shed
  • Flats
  • Furniture and Fitting
  • Leasehold Land
  • Motor Car
  • Office Equipments
  • Piping and Insulation
  • Plant and Machinery
  • Tools and Dies
  • Vehicles

 

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.63.94

UK Pound

1

Rs.98.63

Euro

1

Rs.69.85

 

 

INFORMATION DETAILS

 

Information Gathered by :

RSM

 

 

Analysis Done by :

KRN

 

 

Report Prepared by :

SUJ

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY 

1~10

5

--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

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

 

48

 

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

 

--

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.