MIRA INFORM REPORT

 

 

Report No. :

348173

Report Date :

06.11.2015

 

IDENTIFICATION DETAILS

 

Name :

RAHUL COAL (INDIA) PRIVATE LIMITED

 

 

Registered Office :

429-432 Golden Point, Ring Road, Near BSNL Office, Surat-395002, Gujarat

Tel. No.:

91-261-2419568/ 2492691

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

31.01.1994

 

 

Com. Reg. No.:

04-021167

 

 

Capital Investment / Paid-up Capital :

Rs. 9.483 Million

 

 

CIN No.:

[Company Identification No.]

U23109GJ1994PTC021167

 

 

IEC No.:

5210038033

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCR1044D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Steam Coal.

 

 

No. of Employees :

10 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in 31st January, 1994. It has satisfactory track record.

 

Profitability of the company is low during FY2014. However, the company possesses a decent financial profile marked by adequate networth base and fair liquidity position during FY2014.

 

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

 

The company can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

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. Ramkishore Rajaram Jajoo

Designation :

Director

Contact No.:

91-9374722130

Date :

02.11.2015

 

 

LOCATIONS

 

Registered Office :

429-432 Golden Point, Ring Road, Near BSNL Office, Surat-395002, Gujarat, India

Tel. No.:

91-261-2419568/ 2492691

Mobile No.:

91-9374722130 (Mr. Ramkishore Rajaram Jajoo)

Fax No.:

Not Available

E-Mail :

rahulcoal@drdcs.net

rahulcoal.ipl@gmail.com

Location:

Owned

Locality :

Commercial

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Ramkishore Rajaram Jajoo

Designation :

Director

Address :

49, Pratistha Awas, Near St. Xaviers School, Ghod Dod Road, Surat-395001, Gujarat, India

Date of Appointment :

31.01.1994

DIN No.:

00051786

 

 

Name :

Mr. Damodarlal Rajaram Jajoo

Designation :

Director

Address :

49, Pratistha Awas, Near St. Xaviers School, Ghod Dod Road, Surat-395007, Gujarat, India

Date of Appointment :

31.01.1994

DIN No.:

00052191

 

 

Name :

Mr. Ramavtar Rajaram Jajoo

Designation :

Director

Address :

B-904, Opera House, Near Agrasen Bhavan, City Light Road, Surat-395007, Gujarat, India

Date of Appointment :

31.01.1994

DIN No.:

00052217

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

 

Jajoo Ramavtar Rajaram

 

100100

Jajoo Ramkishore Rajaram

 

200100

Jajoo Damodarlal Rajaram

 

100100

Damodarprasad Jajoo (huf)

 

16000

Jajoo Jasodadevi

 

26000

Jajoo Chandadevi

 

66000

Jajoo Overseas Private Limited, India

 

1000

Gaggar Kailash Chand

 

4999

R.s. Jajoo (HUF)

 

15000

Jajoo Sunita Devi

 

60000

Jajoo Shobha Devi

 

30000

Jajoo Usha Devi

 

70000

Jajoo Sangeeta Devi

 

55000

Jajoo Rajaram

 

58000

Jajoo Rambilash

 

72500

Jajoo Radheshyam

 

73500

Jajoo Om Prakash Ramniwas

 

1

Total

 

948300

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

86.00

Other top fifty shareholders

14.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Steam Coal.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Cash and Credit (30 days, 60 days and 90 days)

 

 

Purchasing :

Cash and Credit (30 days, 60 days and 90 days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

End Users and OEMs

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Bank Name:

HDFC Bank Limited

Branch:

HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

91-22-24988484 (Number not responding)

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         The Sutex Co Operative Bank Limited

2nd Floor,Surajram Bachkaniwala Bhavan, Near Navjivan Circle, Udhna Magdalla Road, Surat - 395017, Gujarat, India

Contact No: 91-261-2894024 (Number not responding)

 

·         Standard Chartered Bank

1st Floor, C K Tower, Besides Sargam Shopping Centre, Parle Point, Surat-395007, Gujarat, India

 

·          Axis Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Axis Bank limited (Car Loan)

0.089

0.596

Reliance Capital Limited (Tractor)

0.000

0.172

H.D.F.C Bank  (Truck Body 570)

0.051

0.000

H.D.F.C Bank (Truck Body 603)

0.051

0.000

H.D.F.C Bank (Truck 603)

0.627

0.000

H.D.F.C Bank (Truck 570)

0.627

0.000

H.D.F.C Bank (Truck 573)

0.409

0.000

Sutex Bank (T/L.I)

6.548

13.409

Sutex Bank (T/L.II)

15.037

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

From Banks

 

 

Sutex Bank (B/L.)

0.000

5.076

Sutex Bank (c.c.)

53.738

55.481

 

 

 

Total

77.177

74.734

 

Banking Relations :

--

 

 

Auditors :

 

Name :

H Tosniwal and Company

Chartered Accountants

Address :

604, Empire State Building, Ring Road, Surat-395002, Gujarat, India

Tel. No.:

91-2328606/ 3015606

E-Mail :

tosniwal_h@yahoo.com

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

AACFH1890B

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Related Parties :

·         Taru Overseas Private Limited

·         Rajaram Finance

·         Jogvin Leasing and H.P. Private Limited

·         Divine Services Private Limited

·         Shree Sai Baba Silk Mills

·         Shree Sai Sant Silk Mills

·         Shree Sachidanand Industries Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,300,000

Equity Shares

Rs. 10/- each

Rs. 13.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

948,300

Equity Shares

Rs. 10/- each

Rs. 9.483 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

9.483

9.483

9.483

(b) Reserves & Surplus

29.426

26.920

25.573

(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)

38.909

36.403

35.056

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

23.439

14.177

19.570

(b) Deferred tax liabilities (Net)

0.587

0.421

0.363

(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)

24.026

14.598

19.933

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

77.208

64.031

50.261

(b) Trade payables

111.068

65.583

15.042

(c) Other current liabilities

17.747

7.801

6.705

(d) Short-term provisions

0.003

0.005

0.306

Total Current Liabilities (4)

206.026

137.420

72.314

 

 

 

 

TOTAL

268.961

188.421

127.303

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

14.270

7.206

8.124

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

3.205

3.163

1.823

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.030

0.030

0.015

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

17.505

10.399

9.962

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

42.758

28.805

9.135

(c) Trade receivables

191.503

125.634

81.327

(d) Cash and cash equivalents

4.136

2.820

1.666

(e) Short-term loans and advances

13.059

20.763

25.012

(f) Other current assets

0.000

0.000

0.201

Total Current Assets

251.456

178.022

117.341

 

 

 

 

TOTAL

268.961

188.421

127.303

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

593.852

306.523

256.199

 

 

Other Income

1.152

2.682

2.925

 

 

TOTAL                                     (A)

595.004

309.205

259.124

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

250.796

 

 

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

 

 

(9.128)

 

 

Other Manufacturing Expenses

 

 

0.694

 

 

Employees benefits expense

 

 

3.083

 

 

Other expenses

 

 

2.129

 

 

Exceptional Items

 

 

(0.022)

 

 

TOTAL                                     (B)

591.392

307.112

247.552

 

 

 

 

 

 

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

(Including Financial and Depreciation Expenses)

(Including Financial and Depreciation Expenses)

11.572

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

 

9.492

 

 

 

 

 

 

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

 

 

2.080

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

 

0.632

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

3.612

2.093

1.448

 

 

 

 

 

Less

TAX                                                                  (H)

1.106

0.745

0.441

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

2.506

1.348

1.007

 

 

 

 

 

 

Earnings Per Share (Rs.)

2.64

1.42

1.06

 

 

PARTICULARS

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

700.000

 

 

 

 

 

The above information has been parted by Mr. Ramkishore Rajaram Jajoo (Director)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

13.168

6.162

5.284

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.42

0.44

0.39

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

NA

NA

4.52

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.36

1.13

1.15

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.09

0.06

0.04

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

2.93

2.32

2.14

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.22

1.30

1.62

 

 

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

9.483

9.483

9.483

Reserves & Surplus

25.573

26.920

29.426

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

35.056

36.403

38.909

 

 

 

 

Long-term borrowings

19.570

14.177

23.439

Short term borrowings

50.261

64.031

77.208

CURRENT MATURITIES OF LONG-TERM DEBTS

5.284

6.162

13.168

Total borrowings

75.115

84.370

113.815

Debt/Equity ratio

2.143

2.318

2.925

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

256.199

306.523

593.852

 

 

19.643

93.738

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

256.199

306.523

593.852

Profit

1.007

1.348

2.506

 

0.39%

0.44%

0.42%

 

 


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

No

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

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10466647

20/12/2013

300,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI- 400013, MAHARASHTRA, INDIA

B92151307

2

10460675

21/11/2013

5,360,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI- 400013, MAHARASHTRA, INDIA

B89727911

3

10466555

21/11/2013

5,360,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI- 400013, MAHARASHTRA, INDIA

B92119734

4

10458656

21/10/2013

20,000,000.00

THE SUTEX CO OP BANK PRIVATE LIMITED

2ND FLOOR,SURAJRAM BACHKANIWALA BHAVAN,, NR. NAVJ
IVAN CIRCLE,UDHNA MAGDALLA ROAD,, SURAT-
395017, GUJARAT, INDIA

B88945084

5

10261718

28/12/2010

27,500,000.00

THE SUTEX CO OP BANK

2ND FLOOR,SURAJRAM BACHKANIWALA BHAVAN,, NR. NAVJ
IVAN CIRCLE,UDHNA MAGDALLA ROAD, SURAT-
395017, GUJARAT, INDIA

B04027850

6

10261719

16/04/2012 *

56,000,000.00

THE SUTEX CO OP BANK LIMITED

2ND FLOOR,SURAJRAM BACHKANIWALA BHAVAN,, NR. NAVJ
IVAN CIRCLE,UDHNA MAGDALLA ROAD,, SURAT-
395017, GUJARAT, INDIA

B38364303

7

10010585

13/06/2007 *

40,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI- 400013, MAHARASHTRA, INDIA

A18519785

 

* Date of charge modification

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

From Shareholder

3.120

3.474

Inter body Corporate

20.350

0.000

 

 

 

Total

23.470

3.474

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from A-6/1125, Bhutsheri Corner Gatemandi Gtae, Surat, Gujarat, India to the present address w.e.f 09.08.2010


FIXED ASSETS:

 

Tangible Assets

 

·         Air Conditioner

·         Computer

·         Freeze

·         Mobile Instrument

·         Laptop

·         Furniture and Fixtures

 

 

 

 

 

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. 65.68

UK Pound

1

 Rs. 101.02

Euro

1

Rs.  71.35

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

4

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

46

 

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.