MIRA INFORM REPORT

 

 

Report No. :

348459

Report Date :

05.11.2015

 

IDENTIFICATION DETAILS

 

Name :

KISHORE PHARMA PRODUCTS PRIVATE LIMITED

 

 

Registered Office :

174, Dr. D.N. Road, Mumbai – 400001, Maharashtra

Tel. No.:

91-22-25345424

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

02.06.1993

 

 

Com. Reg. No.:

11-072241

 

 

Capital Investment / Paid-up Capital :

Rs. 0.500 Million

 

 

CIN No.:

[Company Identification No.]

U24139MH1993PTC072241

 

 

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 Pharmaceutical Packaging Products. 

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (14)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The management of the company has failed to file its financials with the government department for the year 2014, 2013 and 2012.

 

As per available financials of 2011, the company processes moderate financial and operational risk profile as well as moderate capital structure and debt protection metrics.

 

Mr. Krishan Kishore Mehra, Director has provided general information of the company to us.

 

As per Registrar in the Status Company is active. Payments are unknown.

 

In view of unavailability of latest year’s financial details, the company can be considered for business dealing with safe and secure trade terms and conditions.

 

Note :

As claimed by Mr. Arjun Kishore Mehra, Chief Executive Officer of the company that sales turnover of the company for FY2013-2014 is Rs.105.000 Million and FY2012-2013 Rs. 99.000 Million, which has not been verified from any source.

 

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 31-03-2015.

 

INFORMATION PARTED BY

 

Name :

Mr. Krishan Kishore Nandkishore Mehra

Designation :

Director

Contact No.:

91-22-25345424

Date :

04.11.2015

 

 

LOCATIONS

 

Registered Office :

174, Dr. D.N. Road, Mumbai – 400001, Maharashtra, India

Tel. No.:

91-22-25345424

Fax No.:

91-22-25366431

E-Mail :

kishore@kishoregroup.com

Website :

http://www.kishoregroup.com

 

 

Corporate Office :

Kishore Industrial Estate, Majiwada, Thane – 400601, Maharashtra, India

Location :

Owned

Locality :

Industrial

 

 

 

 

Factory :

Plot No.3 – B3, Kumbalgodu Industrial Estate, Phase-1, Kumnalgodu, Banglore-560074, Karnataka, India 

 

 

DIRECTORS

 

As on 27.09.2011

 

Name :

Mr. Krishan Kishore Nandkishore Mehra

Designation :

Director

Address :

14 / B, Ganga Jamuna CHS Limited, 17th Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

31.08.1961

Date of Appointment :

02.06.1993

DIN No.:

00780863

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

U28129MH1985PTC036882

KISHORE AMPOULES PRIVATE LIMITED

Director

18/07/1985

18/07/1985

-

Active

NO

2

U67120MH1991PTC061555

NAND KISHORE INVESTMENTS PRIVATE LIMITED

Director

07/05/1991

07/05/1991

-

Active

NO

3

U24139MH1993PTC072241

KISHORE PHARMA PRODUCTS PRIVATE LIMITED

Director

02/06/1993

02/06/1993

-

Active

NO

 

 

Name :

Mrs. Swarna Nandkishore Mehra

Designation :

Director

Address :

14 / B, Ganga Jamuna CHS Limited, 17th Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

02.12.1935

Date of Appointment :

02.06.1993

DIN No.:

00780707

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

U28129MH1985PTC036882

KISHORE AMPOULES PRIVATE LIMITED

Director

18/07/1985

18/07/1985

-

Active

NO

2

U67120MH1991PTC061555

NAND KISHORE INVESTMENTS PRIVATE LIMITED

Director

07/05/1991

07/05/1991

-

Active

NO

3

U24139MH1993PTC072241

KISHORE PHARMA PRODUCTS PRIVATE LIMITED

Director

02/06/1993

02/06/1993

-

Active

NO

 

 

KEY EXECUTIVE

 

Name :

Mr. Arjun Kishore Mehra

Designation :

Chief Executive Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 27.09.2011

 

Names of Shareholders

 

No. of Shares

Nandkishore Investments Private Limited 

 

500

Swarna Nandkishore Mehra

 

100

Swarna Nandkishore Mehra

 

1900

Krishan Kishore Mehra

 

100

Krishan Kishore Mehra

 

1900

Arjun Kishore Mehra

 

250

Anuj Kishore Mehra

 

250

Total

 

5000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.09.2011

 

Category

Percentage

Bodies corporate

10.00

Directors or relatives of Directors

90.00

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Pharmaceutical Packaging Products. 

 

 

Products :

Pharmaceutical Packaging Products. 

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash / Credit

 

 

Purchasing :

Cash / Credit

 

PRODUCTION STATUS (As on: 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Vials

Nos.

NA

NA

92822167

Alum Flipoff Seals 

Nos.

NA

NA

114723078

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

K.B. Impex

Name of the Person :

Mr. Bhavesh Kanabar (Proprietor)

Contact No.:

91-22-26709611

Since How Long Known :

30 Years

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour

Market Goodwill

Overall

Excellent

Excellent

Excellent

Remark:

They are satisfied with product quality and delivery behavior and he says it’s a wonderful company.

 

 

Customers :

Reference :

Lupin Limited

Name of the Person :

Mr. Ayyappan (Mattress Sales Manager)

Contact No.:

91-22-66402194

Since How Long Known :

25 Years 

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Excellent

Excellent

Excellent

Remark:

He informed that we are very much satisfied their product quality and delivery behavior.

 

Lyka Labs Limited

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Bank Name

Canara Bank

Branch

Yediyur Branch, 303 Kanakpura Main Road, 7th Block, Jayanagar, Bangalore- 560082, Karnataka, 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

Canara Bank

Branch

Hazari Baug, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai-400083, Maharashtra

Person Name (With Designation)

Mr. Jagdale (Chief Manager)

Contact Number

91-22-25785318

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

Satisfactory

Remarks (If any)

Mr. Jagdale (Chief Manager) he informed that subject company have a satisfactory track record with bank.

 

 

Facilities :

(Rs. In Million)

Secured Loan

As on

31.03.2011

As on

31.03.2010

From Schedule Bank

(Term Loan against hypothecation of Land and Machinery and Equipment and guarantee of the director)

0.113

1.428

From Schedule Bank

(Working Capital Secured by bills discount/ accepted by parties, debtors stock and personal guarantee of director) 

4.537

4.852

From Schedule Bank for Car

(Hypothecation of vehicle financed)

0.466

0.751

 

 

 

Total

5.116

7.031

 

Auditors :

 

Name :

Sharma and Pagaria

Chartered Accountants

Address :

8, 4th Floor, Laxmi Complex, 40, K. R. Road, Fort, Bangalore – 560002, Karnataka, India

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

AAKFS9247B

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2011

 

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

 

 

 

 

5000

Equity Shares

Rs.100/- each

Rs. 0.500 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

Particulars

 

 

31.03.2014

31.03.2013

Sales Turnover (Approximately)

 

105.000

99.000

 

The above information has been parted by Mr. Arjun Kishore Mehra (Chief Executive Officer)

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

0.500

0.500

0.500

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

32.341

27.862

25.583

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

32.841

28.362

26.083

LOAN FUNDS

 

 

 

1] Secured Loans

5.116

7.031

7.703

2] Unsecured Loans

12.846

14.828

12.734

TOTAL BORROWING

17.962

21.859

20.437

DEFERRED TAX LIABILITIES

0.912

0.000

0.000

 

 

 

 

TOTAL

51.715

50.221

46.520

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

21.804

23.388

22.561

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

3.000

3.000

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
8.972

10.788

11.610

 

Sundry Debtors
28.329

22.150

19.208

 

Cash & Bank Balances
1.993

4.659

1.830

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
8.567

5.831

9.323

Total Current Assets
47.861

43.428

41.971

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
10.003

13.973

20.663

 

Other Current Liabilities
3.939

4.045

0.000

 

Provisions
4.008

1.577

0.349

Total Current Liabilities
17.950

19.595

21.012

Net Current Assets
29.911

23.833

20.959

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

51.715

50.221

46.520

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

99.921

80.317

69.309

 

 

Miscellaneous Income/Interest

0.213

0.230

0.200

 

 

Gain on sale of Units/(Assets)

0.541

0.179

0.000

 

 

TOTAL                                     (A)

100.675

80.726

69.509

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Manufacturing and Other Expenses

87.218

69.856

64.256

 

 

(Increase/Decrease) in stock

0.572

1.852

(1.102)

 

 

TOTAL                                     (B)

87.790

71.708

63.154

 

 

 

 

 

Less

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

12.885

9.018

6.355

 

 

 

 

 

Less

INTEREST                                                         (D)

1.950

2.275

2.177

 

 

 

 

 

 

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

10.935

6.743

4.178

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

3.113

3.235

2.891

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

7.822

3.508

1.287

 

 

 

 

 

Less

TAX                                                                  (H)

3.344

1.228

0.241

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

4.478

2.280

1.046

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

26.403

24.123

23.077

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

30.881

26.403

24.123

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

0.440

0.827

0.804

 

TOTAL IMPORTS

0.440

0.827

0.804

 

 

 

 

 

 

Earnings Per Share (Rs.)

895.60

456.00

NA

 

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operation

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

Net Profit Margin

(PAT / Sales)

(%)

4.48

2.84

1.51

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

12.90

11.23

9.17

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

11.23

5.25

1.99

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.24

0.12

0.05

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.55

0.77

0.78

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.55

1.26

1.24

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

 

DEBT EQUITY RATIO

 

Particular

31.03.2009

31.03.2010

31.03.2011

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.500

0.500

0.500

Reserves & Surplus

25.583

27.862

32.341

Net worth

26.083

28.362

32.841

 

 

 

 

Secured Loans

7.703

7.031

5.116

Unsecured Loans

12.734

14.828

12.846

Total borrowings

20.437

21.859

17.962

Debt/Equity ratio

0.784

0.771

0.547

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2009

31.03.2010

31.03.2011

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

69.309

80.317

99.921

 

 

15.882

24.408

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2009

31.03.2010

31.03.2011

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

69.309

80.317

99.921

Profit

1.046

2.280

4.478

 

1.51%

2.84%

4.48%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of establishment

Yes

2]

Constitution of the entity Incorporation details

Yes

3]

Locality of the entity

Yes

4]

Premises details

No

5]

Buyer visit details

--

6]

Contact numbers

Yes

7]

Name of the person contacted

Yes

8]

Designation of contact person

Yes

9]

Promoter’s background

Yes

10]

Date of Birth of Proprietor / Partners / Directors

Yes

11]

Pan Card No. of Proprietor / Partners

No

12]

Voter Id Card No. of Proprietor / Partners

No

13]

Type of business

Yes

14]

Line of Business

Yes

15]

Export/import details (if applicable)

No

16]

No. of employees

Yes

17]

Details of sister concerns

No

18]

Major suppliers

Yes

19]

Major customers

Yes

20]

Banking Details

Yes

21]

Banking facility details

Yes

22]

Conduct of the banking account

Yes

23]

Financials, if provided

Yes

24]

Capital in the business

Yes

25]

Last accounts filed at ROC, if applicable

No

26]

Turnover of firm for last five 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

(Rs. In Million)

Particular

As on

31.03.2011

As on

31.03.2010

Deposit from Share Holder

12.846

14.828

 

 

 

Total

12.846

14.828

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10423461

26/03/2013

800,000.00

Canara Bank

Vikhroli (West) Branch, Hazari Baugh, L B S Marg, Vikhroli (W), MUMBAI, Maharashtra - 400083, INDIA

B74313131

2

10355236

05/02/2015 *

13,400,000.00

Canara Bank

Yediyur Branch, 303 Kanakpura Main Road, 7th Block, Jayanagar, Bangalore, Karnataka - 560082, INDIA

C44946283

3

90160080

22/11/2008 *

8,500,000.00

CANARA BANK

VIKHROLI (WEST) BRANCH, HAZARI BAUG, L B S MARG, 
MUMBAI, Maharashtra - 400083, INDIA

A53023818

4

90159411

28/06/1994

800,000.00

CANARA BANK

VIKHOLI BRANCH, BOMBAY, Maharashtra - 400083, INDIA

-

5

90159401

15/07/2002 *

1,700,000.00

CANARA BANK

VIKHOLI BRANCH, BOMBAY, Maharashtra - 400083, INDIA

-

6

90159395

23/02/1994

3,450,000.00

KARNATAKA STATE FINANCIAL CORPORATION

NO. 25 M.G. ROAD, SHANKARANNARAYANA BUILDING, BANGALORE, Karnataka, INDIA

-

 

 

* Date of charge modification

 

 

FIXED ASSETS

 

  • Land
  • Electric Installation
  • Computer
  • Electric Generator
  • Factory Equipment
  • Furniture and Fixture
  • Motor Car
  • Plant and Machinery

 

 

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.65.57

UK Pound

1

Rs.101.12

Euro

1

Rs.71.79

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

JYTK

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILITY

1~10

1

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

14

 

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.