MIRA INFORM REPORT

 

 

Report No. :

322094

Report Date :

30.05.2015

 

IDENTIFICATION DETAILS

 

Name :

NEXGEN FLUOROPOLYMERS PRIVATE  LIMITED

 

 

Registered Office :

2nd Floor, Pavitra House, 4 and 5, Shahzada Bagh Extension, Delhi – 110035

Mobile No.:

91-9873250001 (Mr. Naveen)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

19.06.2010

 

 

Com. Reg. No.:

55-204308

 

 

Capital Investment / Paid-up Capital :

Rs. 7.900 Million

 

 

CIN No.:

[Company Identification No.]

U25190DL2010PTC204308

 

 

IEC No:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELN10991B

 

 

PAN No.:

[Permanent Account No.]

AADCN3119R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of PTFE/ FEP/ PFA products.

 

 

No. of Employees :

60 (Approximately) 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 81000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track.

 

The company has reported a better increase in its sales volume as well as recorded profit, against loss made during previous year 2013, However, profit margin of the company is very low. Further there is an unfavorable gap between trade receivables and payables during FY2014.

 

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

 

Subject can be considered for business dealings 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

 

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. Naveen Gupta

Designation :

Director

Contact No.:

91-9873250001

Date :

16.05.2015

 

LOCATIONS

 

Registered Office :

2nd Floor, Pavitra House, 4 and 5, Shahzada Bagh Extension, Delhi – 110035, India

Tel. No.:

Not Available

Mobile No.:

91-9873250001 (Mr. Naveen)

Fax No.:

Not Available

E-Mail :

info@nexgenfluoro.com

androsmca@gmail.com

Website :

http://www.nexgenfluoro.com

Area :

1000 Sq. Ft

Location :

Owned

Locality:

Commercial

 

 

Factory :

Industrial Plot No. E-202, EPIP, Neemrana Industrial Area, District Alwar, Rajasthan, India

Area :

5000 Sq. Ft

Location :

Owned

 

DIRECTORS

 

As on: 30.09.2014

 

Name :

Mr. Naveen Gupta

Designation :

Director

Address :

298, Kohat Enclave, Pitampura, Delhi – 110034, India

Date of Birth/Age :

22.06.1964

Date of Appointment :

19.06.2010

DIN No.:

00307930

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

U74899DL1992PTC049863

PAVITRA BRASS PRIVATE LIMITED

Director

06/08/1992

06/08/1992

-

Active

NO

2

U74899DL1995PTC069080

ICY LEASING AND FINANCE PRIVATE LIMITED

Director

15/01/2001

15/01/2001

-

Under Process of Striking off

NO

3

U74899DL1991PTC046326

ENMASSE SOLUTIONS PRIVATE LIMITED

Director

01/06/2006

01/06/2006

-

Active

NO

4

U25190DL2010PTC200052

THREE G FLUOROPOLYMERS PRIVATE LIMITED

Director

12/03/2010

12/03/2010

10/01/2011

Active

NO

5

U25190DL2010PTC204308

NEXGEN FLUOROPOLYMERS PRIVATE LIMITED

Director

19/06/2010

19/06/2010

-

Active

NO

6

U74140DL2011PTC221918

ADROIT FLUOROPOLYMERS PRIVATE LIMITED

Director

05/07/2011

05/07/2011

-

Active

NO

 

 

Name :

Mr. Sanjeev Jain

Designation :

Director

Address :

28/25, Punjabi Bagh Extn, New Delhi – 110026, India

Date of Birth/Age :

16.11.1971

Date of Appointment :

19.06.2010

DIN No.:

00949242

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

U51909MH2006PTC163826

ESSENTIAL BULK COMMODITIES PRIVATE LIMITED

Director

10/11/2006

10/11/2006

12/02/2014

Active

NO

2

U25190DL2010PTC200052

THREE G FLUOROPOLYMERS PRIVATE LIMITED

Director

12/03/2010

12/03/2010

10/01/2011

Active

NO

3

U25190DL2010PTC204308

NEXGEN FLUOROPOLYMERS PRIVATE LIMITED

Director

19/06/2010

19/06/2010

-

Active

NO

4

U74899DL1991PTC046326

ENMASSE SOLUTIONS PRIVATE LIMITED

Additional director

11/05/2011

11/05/2011

-

Active

NO

5

U74140DL2011PTC221918

ADROIT FLUOROPOLYMERS PRIVATE LIMITED

Director

05/07/2011

05/07/2011

-

Active

NO

 

KEY EXECUTIVES

 

Name :

Mr. Deepak Parasar Sharma

Designation :

Company Secretary

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Bhagrathi Devi

 

1000

Bimla Devi

 

1000

Parveen Gupta

 

1000

Suresh Kumar (HUF) Karta Suresh Kumar Jataiwal

 

1000

Kamal Kumar Jain (HUF) Karta Kamal Kumar

 

500

Bimla Devi

 

19000

Parveen Gupta

 

19000

Naveen Gupta

 

305000

Sanjeev Jain

 

205000

Anand Jain

 

25

Bhatia Hire Purchase Private Limited, India

 

25000

Unicraft Merchandise Private Limited, India

 

62500

 

 

 

Total

 

640025

 

As on 28.03.2014

 

Name of Allottee

 

No. of Shares

Enmasse Solutions Private Limited, India

 

150000

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2013

 

Category

Percentage

Directors or relatives of Directors

86.33

Other top fifty shareholders

13.67

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of PTFE/ FEP/ PFA products.

 

 

Products :
  • PTFE
  • FEP
  • PFA
  • PFA Coating
  • PFA Products

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cheque and Credit (30/60/90 Days)

 

 

Purchasing :

Cheque and Credit (30/60/90 Days)

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

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 :

Not Divulged

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

Bank of Baroda

Branch
  • Punjabi Bagh, New Delhi – 110026, 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 :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

-       From Banks

 

 

Bank of Baroda

25.600

32.000

HDFC Car Loan

0.000

0.452

 

 

 

Short-term borrowings

 

 

-       From Banks

 

 

Bank of Baroda (OD)

15.818

9.539

HDFC Car Loan

0.217

0.000

Advance from Customers

0.497

0.171

Total

42.132

42.162

 

Auditors :

 

Name :

Andros and Company

Chartered Accountants

Address :

A-101, 2nd Floor, Group Industrial Area, Wazirpur, Delhi – 110052, India

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

AABFS7061C

 

 

Memberships :
  • FIFO
  • Plastic Export Promotion Council

 

 

Collaborators :

Not Available

 

 

Company in which KMP/Relatives of KMP can exercise:
  • Precision Technologies
  • Pinnacle enterprise
  • Enmasse Solutions Private Limited
  • Prime Fluoropolymers

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

790025

Equity Shares

Rs.10/- each

Rs. 7.900 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

7.900

6.400

6.400

(b) Reserves & Surplus

20.575

16.682

18.238

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

5.825

0.500

Total Shareholders’ Funds (1) + (2)

28.475

28.907

25.138

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

40.115

59.546

30.422

(b) Deferred tax liabilities (Net)

2.123

2.266

0.614

(c) Other long term liabilities

2.381

0.792

0.025

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

44.619

62.604

31.061

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

16.532

9.710

8.486

(b) Trade payables

121.457

62.715

63.056

(c) Other current liabilities

0.554

0.985

0.647

(d) Short-term provisions

1.326

0.969

1.053

Total Current Liabilities (4)

139.869

74.379

73.242

 

 

 

 

TOTAL

212.963

165.890

129.441

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

71.502

58.838

16.812

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

6.539

18.898

13.325

(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

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

78.041

77.736

30.137

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

79.634

48.498

58.934

(c) Trade receivables

41.996

28.594

17.572

(d) Cash and cash equivalents

3.281

2.653

12.466

(e) Short-term loans and advances

10.004

8.394

10.310

(f) Other current assets

0.007

0.015

0.022

Total Current Assets

134.922

88.154

99.304

 

 

 

 

TOTAL

212.963

165.890

129.441

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

127.255

95.915

135.801

 

Other Income

NA

NA

0.254

 

TOTAL                                                                 (A)

127.255

95.915

136.055

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

NA

NA

116.714

 

Employees benefits expense

NA

NA

3.659

 

Other expenses

NA

NA

9.219

 

TOTAL                                                                (B)

127.005

(Including Financial and Depreciation)

95.796

(Including Financial and Depreciation)

129.592

 

 

 

 

 

Less

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

 

 

6.463

 

 

 

 

 

Less

FINANCIAL EXPENSES                                     (D)

 

 

2.776

 

 

 

 

 

 

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

 

 

3.687

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                    (F)

 

 

1.038

 

 

 

 

 

 

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

0.250

0.119

2.649

 

 

 

 

 

Less

TAX (H)

0.107

1.674

1.116

 

 

 

 

 

 

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

0.143

(1.555)

1.533

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD  (J)

0.053

1.608

0.075

 

 

 

 

 

 

Balance Carried to the B/S (I+J)                       (K)

0.196

0.053

1.608

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

0.000

3.048

3.916

 

TOTAL EARNINGS

0.000

3.048

3.916

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

1.831

15.090

42.117

 

Capital Goods

1.398

NA

NA

 

TOTAL IMPORTS

3.229

15.090

42.117

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.181

(2.430)

2.395

 

 

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 / Total Income)

(%)

0.11

(1.62)

1.13

 

 

 

 

 

Operating Profit Margin

(PBIDT/Total Income)

(%)

NA

NA

4.76

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.12

0.08

2.28

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.01

0.00

0.11

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.99

2.40

1.55

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.96

1.19

1.36

 

 

 

 

 

 

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

6.400

6.400

7.900

Reserves & Surplus

18.238

16.682

20.575

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.500

5.825

0.000

Net worth

25.138

28.907

28.475

 

 

 

 

long-term borrowings

30.422

59.546

40.115

Short term borrowings

8.486

9.710

16.532

Total borrowings

38.908

69.256

56.647

Debt/Equity ratio

1.548

2.396

1.989

 

 

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)

Total Income

136.055

95.915

127.255

 

 

(29.503)

32.675

 

 

NET PROFIT MARGIN:

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

136.055

95.915

127.255

Profit

1.533

(1.555)

0.143

 

1.13%

(1.62%)

0.11%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

UNSECURED LOAN:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long Term Loan

 

 

From Other parties

 

 

From Related parties

0.000

3.027

From Inter-Corporates

0.000

9.203

From Shareholders and Others

14.515

14.864

 

 

 

Total

14.515

27.094

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10344442

29/03/2012 *

43,000,000.00

Bank of Baroda

PUNJABI BAGH, NEW DELHI, DELHI - 110026, INDIA

B35894690

 

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2014

31.03.2013

Bank Guarantee

0.732

0.000

 

FIXED ASSETS:

 

Tangible Assets:

 

v  Land

·         Leasehold

·         Building

v  Plant and Equipment

v  Furniture and Fixtures

v  Computer

v  Vehicle

v  Industrial Plot

 

 

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 records 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. 63.76

UK Pound

1

Rs. 97.80

Euro

1

Rs. 69.91

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNU

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

THR

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

28

 

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.