MIRA INFORM REPORT

Report No. :	348020
Report Date :	06.11.2015

IDENTIFICATION DETAILS

Name :	A H WHEELER AND COMPANY PRIVATE LIMITED (w.e.f. 2001)

Formerly known as :	A H WHEELER AND COMPANY LIMITED

Registered Office :	23, Lal Bahadur Shastri Marg, Allahabad – 211001, Uttar Pradesh
Tel. No.:	91-532-2261385-8

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	31.10.1953

Com. Reg. No.:	20-002516

Capital Investment / Paid-up Capital :	Rs.7.319 Million

CIN No.: [Company Identification No.]	U22101UP1953PTC002516

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 :	Subject owns a bookstore chain operating from railway stations.

No. of Employees :	Information declined by the management.

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

Maximum Credit Limit :	USD 688000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	A H Wheeler and Company Private Limited, commonly known as A. H. Wheeler or simply Wheeler, is an entirely Indian owned company. It owns a bookstore chain operating from railway stations. The rating on company reflects satisfactory financial risk profile characterized by low leverage, comfortable debt coverage indicators along with comfortable liquidity position. The ratings also derive strength from experience of promoters and well – established [position, geographically diversified presence and long track record. Rating is partially offsets company minimal decline into its sales turnover from its previous FY-13 and continuous loss from its operations as well as completion from organized and unorganized players in the market. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with its 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

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 DENIED BY

Name :	Mr. Samir Pal
Designation :	Not Divulged
Contact No.:	91-9450580814
Date :	04.11.2015

LOCATIONS

Registered Office :	23, Lal Bahadur Shastri Marg, Allahabad – 211001, Uttar Pradesh, India
Tel. No.:	91-532-2261385,386,387, 2261350
Mobile No.:	91-9450580814 (Mr. Samir Pal)
Fax No.:	Not Available
E-Mail :	wheeler_books@rediffmail.com info@ahwheeler.com wheeler_ip@rediffmail.com
Website :	www.ahwheeler.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Subir Banerjee

Designation :

Managing director

Address :

30, A.C. Banerjee Marg, Tagore Town, Allahabad - 211001, Uttar Pradesh, India

Date of Birth/Age :

18.03.1946

Date of Appointment :

01.06.2008

DIN No.:

00924547

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	U24139UP1958PTC002703	SYMONDS AND COMPANY PRIVATE LIMITED	Managing director	16/05/2014	01/01/1986	-	Active	NO
2	U22101UP1953PTC002516	A H WHEELER AND COMPANY PRIVATE LIMITED	Managing director	01/06/2008	01/04/2000	-	Active	NO

Name :

Mr. Alok Banerjee

Designation :

Managing director

Address :

30, A.C. Banerjee Marg, Tagore Town, Allahabad - 211001, Uttar Pradesh, India

Date of Birth/Age :

10.07.1942

Date of Appointment :

27.03.2008

DIN No.:

00926440

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	U22101UP1953PTC002516	A H WHEELER AND COMPANY PRIVATE LIMITED	Managing director	27/03/2008	01/04/2000	-	Active	NO

Name :

Mr. Arunjeet Banerjee

Designation :

Whole-time director

Address :

30, A.C. Banerjee Marg, Tagore Town, Allahabad - 211001, Uttar Pradesh, India

Date of Birth/Age :

17.08.1966

Date of Appointment :

01.04.2001

DIN No.:

00924043

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	U22101UP1953PTC002516	A H WHEELER AND COMPANY PRIVATE LIMITED	Whole-time director	01/04/2001	01/04/2001	-	Active	NO
2	U24139UP1958PTC002703	SYMONDS AND COMPANY PRIVATE LIMITED	Director	30/09/2014	16/05/2014	-	Active	NO

Name :

Mr. Amit Banerjee

Designation :

Whole-time director

Address :

Plot No. 77, Meerakpur Uparhar, Marauka Road, Naini, Marauka, Allahabad - 211010, Uttar Pradesh, India

Date of Birth/Age :

23.10.1967

Date of Appointment :

01.04.2001

DIN No.:

00928856

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	U24139UP1958PTC002703	SYMONDS AND COMPANY PRIVATE LIMITED	Director	23/12/1993	23/12/1993	-	Active	NO
2	U22101UP1953PTC002516	A H WHEELER AND COMPANY PRIVATE LIMITED	Whole-time director	01/04/2001	01/04/2001	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders		No. of Shares
Alok Banerjee		3634
Anuradha Banerjee		9435
Arunjeet Banerjee		1808
Arnabi Banerjee		874
Subir Banerjee		3620
Navnita Banerjee		5765
Somit Banerjee		3206
Shiela Banerjee		5329
Amit Banerjee		2000
Ranjit Banerjee		6485
Jayant Banerjee		5984
Debashish Banerjee		2993
Venita Banerjee		6329
Shilpi Banerjee		2000
Ruchira Banerjee		2992
Alpana Banerjee		5770
Ursala Banerjee		1242
Laila Banerjee		1242
Anoushka Banerjee		2484
Total		73192

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 :	Subject owns a bookstore chain operating from railway stations.

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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 :

Information declined by the management.

Bankers :

Bank Name	Bank of India
Branch	Allahabad Branch, Sangam Place,1st Floor, 8/H1A Clive Road, Allahabad - 211001, Uttar Pradesh, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Bank of Baroda

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loans
Motor cycle loans from Bank (Secured hypothecation of motor cycle)	0.000	0.589
Car loans from Bank (Secured hypothecation of car)	0.257	0.000
Other loans and advances
From Bank of India – CC (Secured by FDR with Bank of India)	0.000	13.752
From Bank of Baroda – CC (Secured by FDR with Bank of Baroda)	16.615	0.000
Total	16.872	14.341

Auditors :
Name :	Amit Ray and Company Chartered Accountants
Address :	5-B Sardar Patel Marg, Civil Lines, Allahabad – 211001, Uttar Pradesh, India
Tel. No.:	91-532-2402763 / 2407258
Fax No.:	91-532-2402763
E-Mail :	allahabad@amitrayco.com amitray@sancharnet.in
Website :	www.amitrayco.com
PAN No.:	ABKPR4789G

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

99,000	Equity Shares	Rs.100/- each	Rs.9.900 Million
1,000	Preference Shares	Rs.100/- each	Rs.0.100 Million
	Total		Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

73,192	Equity Shares	Rs.100/- each	Rs.7.319 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	7.319	7.319	7.319
(b) Reserves & Surplus	233.493	159.378	175.383
(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)	240.812	166.697	182.702

(3) Non-Current Liabilities
(a) long-term borrowings	16.872	14.341	14.790
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	78.555	67.314	58.813
(d) long-term provisions	4.391	5.786	3.885
Total Non-current Liabilities (3)	99.818	87.441	77.488

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	140.588	120.783	116.745
(c) Other current liabilities	29.959	27.122	49.506
(d) Short-term provisions	11.115	10.569	9.003
Total Current Liabilities (4)	181.662	158.474	175.254

TOTAL	522.292	412.612	435.444

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	271.789	185.937	187.736
(ii) Intangible Assets	0.200	0.200	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	2.243	7.243	7.243
(c) Deferred tax assets (net)	1.919	1.564	2.246
(d) Long-term Loan and Advances	49.261	48.929	47.945
(e) Other Non-current assets	40.287	47.795	42.211
Total Non-Current Assets	365.699	291.668	287.381

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	40.352	34.845	34.865
(c) Trade receivables	39.538	28.888	28.308
(d) Cash and cash equivalents	33.638	20.362	32.978
(e) Short-term loans and advances	43.065	36.849	51.912
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	156.593	120.944	148.063

TOTAL	522.292	412.612	435.444

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Turnover	364.361	374.144	374.484
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA

Less	EXPENSES
	TOTAL	NA	NA	NA

	PROFIT/ (LOSS) BEFORE TAX	(10.496)	(15.323)	(2.864)

Less	TAX	(0.355)	0.682	1.231

	PROFIT/ (LOSS) AFTER TAX	(10.141	(16.005)	(4.095)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	3.274	19.128	19.595

Add	Deferred tax assets as opening	0.000	0.000	3.477

Less	APPROPRIATIONS
	Transfer to revaluation Reserve	(0.151)	(0.151)	(0.151)

	Balance Carried to the B/S	(6.716)	3.274	19.128

	Earnings / (Loss) Per Share (Rs.)	(138.55)	(218.67)	NA

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
Net cash flow from operating activities	3.952	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(2.78)	(4.28)	(1.09)

Return on Total Assets (PBT/Total Assets}	(%)	(2.03)	(3.79)	(0.67)

Return on Investment (ROI) (PBT/Networth)		(0.04)	(0.09)	(0.02)

Debt Equity Ratio (Total Debt /Networth)		0.07	0.09	0.08

Current Ratio (Current Asset/Current Liability)		0.86	0.76	0.84

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	7.319	7.319	7.319
Reserves & Surplus	175.383	159.378	233.493
Share Application money pending allotment	0.000	0.000	0.000
Net worth	182.702	166.697	240.812

long-term borrowings	14.790	14.341	16.872
Short term borrowings	0.000	0.000	0.000
Total borrowings	14.790	14.341	16.872
Debt/Equity ratio	0.081	0.086	0.070

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)
Turnover	374.484	374.144	364.361
		(0.091)	(2.615)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	374.484	374.144	364.361
Profit/Loss	(4.095)	(16.005)	(10.141)
	(1.09%)	(4.28%)	(2.78%)

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	No
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	No
17	Details of sister concerns	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONAL REVIEW

The Company has been passing through a difficult phase since the last couple of years as a consequence of which the turnover of the Company has dropped to Rs.364.361 Million against last year's turnover of Rs.374.144 Million i.e. a decrease of 2.60%. However, the company has registered an operational loss of Rs.10.141 Million in comparison to a loss of Rs.16.005 Million In the previous year mainly due to stringent cost cutting measures adopted by the company during the year.

As we have already informed earlier, the Railway Board, Ministry of Railways has brought about major changes in their Bookstalls Policy vide their Commercial Circular No. 19 of 2004 dated 11/06/2004 and subsequently, Commercial Circular No. 38 of 2004 dated 12/10/2004, which have adversely affected our current business and future prospects. The Company went for a writ petition against the Railways in the Allahabad High Court .and the judgment was in favour of the company. The railway authorities challenged the Allahabad High Court judgment by filing an SLP (Special Leave Petition) and the same is still pending with Hon'ble Supreme Court.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10430020	15/05/2013	400,000.00	BANK OF INDIA	ALLAHABAD BRANCH, SANGAM PLACE,1ST FLOOR, 8/H1A C LIVE ROAD, ALLAHABAD, UTTAR PRADESH - 211001, INDIA	B76675503
2	90267889	27/10/1999 *	5,000,000.00	THE BANARES STATE BANK LIMITED	A - 19; ONKARDEEP BUILDING, CONNAUHGT PLACE; MIDD LE CIRCLE, NEW DELHI, UTTAR PRADESH - 110001, INDIA	-
3	90267851	17/01/1997	9,521,000.00	UNITED BANK OF INDIA	ALLAHABAD BRANCH, 53; LEADER ROAD, ALLAHABAD, UTT AR PRADESH - 211003, INDIA	-
4	90271739	15/06/1995	10,000,000.00	UNITED BANK OF INDIA	53; LEADER ROAD, ALLAHABAD, UTTAR PRADESH, INDIA	-
5	90268608	02/04/1991	800,000.00	BANK OF INDIA	ALLAHABAD BRANCH, 10; SARDAR PATEL MARG, ALLAHABAD, UTTAR PRADESH - 211001, INDIA	-
6	90271442	02/04/1991	100,000.00	BANK OF INDIA	ALLAHABAD BRANCH, 10; SARDAR PATEL MARG, ALLAHABA D, UTTAR PRADESH - 211001, INDIA	-
7	90269927	29/12/1987	30,000.00	U.P. FINANCIAL CORPORATION	14/88; CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA	-
8	90271070	03/12/1985	2,000,000.00	BANK OF INDIA	10; SARDAR PATEL ROAD, ALLAHABAD BRANCH, ALLAHABAD, UTTAR PRADESH, INDIA	-
9	90269871	16/05/1985	30,000.00	U.P. FINANCIAL CORPORATION	14/88; CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA	-
10	90269834	09/01/1981	225,000.00	BANK OF INDIA	10; SARDAR PATEL ROAD, CIVIL LINES, ALLAHABAD, UTTAR PRADESH, INDIA	-

* Date of charge modification

FIXED ASSETS

Land
Building
Plant And Machinery
Furnitutre And Fixture
Vehicle
Office Equipment
Computer

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.65.67
UK Pound	1	Rs.101.02
Euro	1	Rs.71.35

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	KAS

Report Prepared by :	SNT

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	5
--PROFITABILITY	1~10	3
--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	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		45

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.

MIRA INFORM REPORT

Unit