MIRA INFORM REPORT

 

 

Report No. :

347203

Report Date :

02.10.2015

 

IDENTIFICATION DETAILS

 

Name :

GANDHI AUTOMATIONS PRIVATE LIMITED (w.e.f. 24.03.2008)

 

 

Formerly Known As :

GANDHI ENTRANCE AUTOMATIONS PRIVATE LIMITED

 

 

Registered Office :

2nd Floor, Chawda Commercial Centre, Chincholi Bunder, Link Road, Malad (West), Mumbai – 400064, Maharashtra

Tel. No.:

91-22-66720200/0300 (200 Lines)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

21.11.2003

 

 

Com. Reg. No.:

11-143240

 

 

Capital Investment / Paid-up Capital :

Rs. 9.500 Million

 

 

CIN No.:

[Company Identification No.]

U31909MH2003PTC143240

 

 

IEC No.:

0303069104

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMG08978E

 

 

PAN No.:

[Permanent Account No.]

AACCG0522G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Rolling Shutters, Sliding Gate and Entrance Automation Systems.

 

 

No. of Employees :

546 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in 2003 and based in Mumbai, it is promoted by Mr. Samir Gandhi and Mr. Kartik Gandhi. The company imports, manufactures, distributes and installs industrial entrance automation system and loading bay equipment. It has satisfactory track record.

 

The rating takes into consideration above-average financial risk profile marked by low gearing and a moderate networth. Liquidity of the company is fair marked by favorable gap between trade receivables and payables.

 

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

 

In view of established market position in the entrance automation system segment, the company can be considered for normal business dealings at usual trade 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

CRISIL

Rating

Long Term Rating = BBB

Rating Explanation

Have moderate degree of safety and carry moderate credit risk.

Date

22.07.2015

 

 

Rating Agency Name

CRISIL

Rating

Short Term Rating = A3+

Rating Explanation

Have moderate degree of safety and carry higher credit risk.

Date

22.07.2015

 

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 31-03-2015.

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Mihir Shah

Designation :

Accountant

Contact No.:

91-22-66720200

Date :

28.10.2015

 

 

LOCATIONS

 

Registered Office/Corporate Office :

2nd Floor, Chawda Commercial Centre, Chincholi Bunder, Link Road, Malad (West), Mumbai – 400064, Maharashtra, India

Tel. No.:

91-22-66720200/0300 (200 Lines)

Mobile No.:

91-9768608808 (Mr. Mihir Shah)

Fax No.:

91-22-66720201

E-Mail :

sales@geapl.co.in

accounts@geapl.co.in

export@geapl.co.in

jayanti@geapl.co.in

Website :

http://www.geapl.co.in

Location :

Owned

Locality:

Commercial

 

 

Factory :

Gala No. A5/1-4, Arham Logiparc, Mumbai - Nashik, Highway (NH-3) Valshind, Bhiwandi, Thane - 421302, Maharashtra, India

Location :

Owned

 

 

Warehouse :

Arham Logiparc, Unit No.A4/3-11 and A5/ 1-6,Mumbai Nashik Highway(Nh-3)  Valshind, Bhiwandi, Thane - 421302, Maharashtra, India

Location :

Owned

 

 

Marketing/Sales Office:

Located at:

  • Ahmedabad
  • Bengaluru
  • Bhopal
  • Bhubaneswar
  • Chandigarh
  • Chennai
  • Coimbatore
  • Goa
  • Hyderabad
  • Indore
  • Jaipur
  • Kochi
  • Kolkata
  • Lucknow
  • Mangalore
  • Nagpur
  • New Delhi
  • Pune
  • Raipur
  • Ranchi
  • Surat
  • Vadodara
  • Visakhapatnam

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Samir Sureshchandra Gandhi

Designation :

Whole Time Director

Address :

E-1501, Kukreja Palace II, Vallabh Baug Lane Extension, Garodia Nagar, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

05.10.1968

Date of Appointment :

21.11.2003

DIN No.:

00040981

 

 

Name :

Mr. Kartik Sureshchandra Gandhi

Designation :

Whole Time Director

Address :

E-1301, Kukreja Palace II, Vallabh Baug Lane Extension, Garodia Nagar, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

10.09.1974

Date of Appointment :

21.11.2003

DIN No.:

00055915

 

 

KEY EXECUTIVES

 

Name :

Mr. Mihir Shah

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

 

No. of Shares

Samir Sureshchandra Gandhi

Kartik Sureshchandra Gandhi

 

209000

Samir Sureshchandra Gandhi

Nishita Samir Gandhi

 

133000

Nishita Samir Gandhi

Samir Sureshchandra Gandhi

 

90250

Kartik Sureshchandra Gandhi

Samir Sureshchandra Gandhi

 

209000

Kartik Sureshchandra Gandhi

Hiral Kartik Gandhi

 

133000

Hiral Kartik Gandhi

Kartik Sureshchandra Gandhi

 

90250

Ansuya Sureshchandra Gandhi

Samir Sureshchandra Gandhi

Kartik Sureshchandra Gandhi

 

500

Hiral Kartik Gandhi

 

21250

Jinali Samir Gandhi

 

21250

Manav Samir Gandhi (Minor)

 

21250

Sana Kartik Gandhi (Minor)

 

21250

 

 

 

Total

 

 

950000

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

 

 

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Rolling Shutters, Sliding Gate and Entrance Automation Systems.

 

 

Products :
  • Rolling Shutters
  • Sliding Gate
  • Entrance Automation Systems
  • Doors
  • Gates
  • High Speed Doors

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Dubai
  • Nigeria
  • Singapore
  • Malaysia

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Italy
  • Germany
  • China

 

 

Terms :

 

Selling :

L/C, Credit

 

 

Purchasing :

L/C, Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

L & T

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 :

Wholesalers, Retailer and End Users

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 :

546 (Approximately) 

 

 

Bankers :

CITI Bank N.A, Block No.B-7, 8th Floor, Nirlon Knowledge Park, 
Off Western Express Highway, Goregaon (East), Mumbai - 400063
, Maharashtra, India

Bank Name

Bank of Maharashtra

Branch

Neelkanth Krupa, R. B. Mehta Marg, Ghatkopar (East), Mumbai - 400077, 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

 

 

Citi Bank ( Term loan) -

(Secured against equitable mortgage of Unit No. 201 at Chawda Commercial Centre )

0.000

1.119

Bank of Maharashtra (Term loan)

(Secured against mortgage of Business Gala Unit No. 2,5,6 and 7 at Chawda Commercial Centre)

 

1.318

6.054

Bank of Maharashtra (Term Loan)

(Secured against mortgage of Bushes Gala Unit No. 1 at Chawda Commercial Centre and office Premises No. 707 at Ahmedabad)

 

3.200

5.322

Bank of Maharashtra (Term Loan) 2,919,2%

(Secured against mortgage of Business Gala Unit No. 211 at Chawda Commercial Centre)

 

2.919

3.859

Bank of Maharashtra (Term loan)

(Secured against mortgage of Business Gala Unit No. 209 and 210 at Chawda Commercial Centre)

 

8.551

0.000

Bank of Maharashtra (Term Loan) -

(Secured against mortgage of Plant and Machinery Purchased at factory)

 

0.000

0.000

Kotak Mahindra Bank ( Car Loan)

(Secured against hypothecation of cars)

 

2.545

2.886

 

 

 

SHORT TERM BORROWING

 

 

Loans Repayable on Demand (From Banks)

 

 

Bank Of Maharashtra (Cash Credit Facility)

( Secured against Hypothecation of stock and book debts and further secured by residential flat of the directors and commercial property of the company at Chawda Commercial Centre and commercial property of a relative of the director and personal guarantee of all the directors)

 

144.876

94.090

 

 

 

Total

163.409

113.329

 

 

 

Auditors :

 

Name :

V.J. Shah and Company

Chartered Accountants

Address :

401, 402, K. Building, Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India

Tel. No.:

91-22-22666363/40966263

Fax No.:

91-22-22665955

E-Mail :

info@vjshahco.com

Website:

www.vjshahco.com

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

AAAFV0230F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

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

 

 

 

 

950000

Equity Shares

Rs.10/- each

Rs. 9.500 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

9.500

9.500

9.500

(b) Reserves & Surplus

174.394

171.625

126.776

(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)

183.894

181.125

136.276

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

47.034

34.040

28.093

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

47.034

34.040

28.093

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

144.875

94.090

90.501

(b) Trade payables

24.354

34.165

26.595

(c) Other current liabilities

96.717

50.403

37.286

(d) Short-term provisions

15.368

17.181

9.595

Total Current Liabilities (4)

281.314

195.839

163.977

 

 

 

 

TOTAL

512.242

411.004

328.346

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

169.683

126.974

112.963

(ii) Intangible Assets

1.838

0.418

0.636

(iii) Capital work-in-progress

0.000

0.000

1.446

(iv) Intangible assets under development

0.294

0.297

0.295

(b) Non-current Investments

0.000

0.000

0.013

(c) Deferred tax assets (net)

0.105

0.054

0.291

(d)  Long-term Loan and Advances

62.467

46.798

4.206

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

234.387

174.541

119.850

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

152.611

127.389

95.851

(c) Trade receivables

100.266

86.199

92.468

(d) Cash and cash equivalents

9.569

10.517

6.563

(e) Short-term loans and advances

15.169

12.133

13.548

(f) Other current assets

0.240

0.225

0.066

Total Current Assets

277.855

236.463

208.496

 

 

 

 

TOTAL

512.242

411.004

328.346

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

TOTAL SALES

NA

NA

NA

 

 

 

 

 

Less

TOTAL EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

NA

NA

NA

 

 

 

 

 

Less

TAX

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

13.883

44.887

38.287

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 10.143

NA

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

14.61

5.144

40.30

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

37.102

16.573

NA

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.25

0.80

0.87

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.99

1.21

1.27

 

 

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

9.500

9.500

9.500

Reserves & Surplus

126.776

171.625

174.394

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

136.276

181.125

183.894

 

 

 

 

long-term borrowings

28.093

34.040

47.034

Short term borrowings

90.501

94.090

144.875

Total borrowings

118.594

128.130

191.909

Debt/Equity ratio

0.870

0.707

1.044

 

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

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

No

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

 

Note: The registered office of the company has been shifted from 22, Nirman Industrial Estate, Chincholi Bunder Link Road, Malad (West), Mumbai – 400 064, Maharashtra to the present address w.e.f. 22.09.2008.

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans Advances From Related Parties

 

 

From Directors and their Relatives

28.500

14.800

 

 

 

Total

28.500

14.800

 

 

INDEX OF CHARGES: 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10569081

18/05/2015

13,500,000.00

CITI BANK N.A

BLOCK NO.B-7, 8TH FLOOR, NIRLON KNOWLEDGE PARK,, 
OFF WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI - 400063 
, MAHARASHTRA, INDIA

C53477402

2

10310755

28/01/2012 *

10,500,000.00

BANK OF MAHARASHTRA

R. B. MEHTA MARG, GHATKOPAR (EAST), MUMBAI- 400077, MAHARASHTRA, INDIA

B32734766

3

10242645

27/08/2010

7,100,000.00

CITIBANK N. A.

CITITOWER, DR. S. S. RAO ROAD, PAREL, MUMBAI- 400012, MAHARASHTRA, INDIA

A92938364

4

10232909

30/06/2010

22,500,000.00

BANK OF MAHARASHTRA

R. B. MEHTA MARG, GHATKOPAR (EAST), MUMBAI- 400077, MAHARASHTRA, INDIA

A90033119

5

80002118

22/03/2013 *

199,800,000.00

BANK OF MAHARASHTRA

GHATKOPAR EAST BRANCH, NEELKANTH KRUPA, R. B. ME 
HTA MARG, GHATKOPAR (EAST), MUMBAI- 
400077, MAHARASHTRA INDIA

B73797805

 

CONTINGENT LIABILITIES:

(Rs. In Million)

PARTICULARS

31.03.2014

31.03.2013

Unexpired Letters of Credit

0.000

33.158

Guarantees issues by company’s banker on behalf of the company

47.833

14.115

Buyer credit issued in favor of supplier

2.590

0.000

Total

50.423

47.273

 

 

FIXED ASSETS

·         Air Conditioner

·         Computers and Accessories

·         Furniture and Fixtures

·         Plant and Machinery

·         Office Equipments

·         Telephone EPABX

·         Motor Bikes

·         Mobile Phones

·         Office Premises

·         Motor Cars

·         Electrification

·         Capital WIP (Flat)

·         Capital WIP (Electrical Generator)

 

 

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.65.22

UK Pound

1

Rs.99.93

Euro

1

Rs.71.66

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

RKI

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

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

 

47

 

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.