MIRA INFORM REPORT

 

 

Report No. :

348166

Report Date :

10.11.2015

 

IDENTIFICATION DETAILS

 

Name :

KLENZAIDS CONTAMINATION CONTROLS PRIVATE LIMITED

 

 

Registered Office :

A/21-22, M.I.D.C. Industrial Area, Street No.3, Andheri (East), Mumbai - 400093, Maharashtra

Tel. No.:

91-22-61156215

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.02.1978

 

 

Com. Reg. No.:

11-020112

 

 

Capital Investment / Paid-up Capital :

Rs.2.826 Million

 

 

CIN No.:

[Company Identification No.]

U33112MH1978PTC020112

 

 

IEC No.:

Not Divulged 

 

 

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 :

The Company is engaged in the manufacturing of clean room equipment, Pharmaceutical machinery, accessories.

 

 

No. of Employees :

Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limits :

USD 450000

 

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established private limited company incorporated in the year 1978, having satisfactory track.

 

Rating takes into consideration Company’s overall sound financial condition marked by increasing profit margin.

 

However, rating constraints on account of decreasing cash levels of the company in FY14, which may impact liquidity profile of the company.

 

However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings with 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

 

Rating Agency Name

CRISIL

Rating

Long term Rating : B+

Rating Explanation

Risk prone credit quality and carries very high credit risk.

Date

10.09.2015

 

Rating Agency Name

CRISIL

Rating

Short Term Rating : A4+

Rating Explanation

Minimal Degree of Safety and very high Credit Risk.

Date

10.09.2015

 

 

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.

 

 

LOCATIONS

 

Registered Office :

A/21-22, M.I.D.C. Industrial Area, Street No.3, Andheri (East), Mumbai - 400093, Maharashtra, India

Tel. No.:

91-22-611562159 / 28323113 / 6115 6215 / 28377927

Fax No.:

91-22-28377927

E-Mail :

klenzaids@mtnl.net.in

info@klenzaids.com

k2@klenzaids.com

k3@klenzaids.com

Website :

http://www.klenzaids.com

 

 

Chennai Office :

F-1, 1st Floor, “KGEYES Pavithram” 34 and 36, 7th Avenue, Besant Nagar, Chennai - 600090, Tamilnadu, India

Tel. No.:

91-44-42018922 

Fax No.:

91-44-24422780

 

 

Factory 1 :

Plot Nos. 218 and 219, GIDC Industrial Area, Umbergaon, District Valsad - 396171, Gujarat, India

Tel. No.:

91-260-2562862 / 082 

Fax No.:

91-260-2563082

 

 

Factory 2 :

1/1, 1/2, 3/1, GIDC Industrial Area, Umbergaon, District Valsad, Gujarat, India

 

 

DIRECTORS

 

AS ON 24.09.2014

 

Name :

Ramesh Parsram Lala

Designation :

Director

Address :

2, Ojha Niwas, 5, Pushtikar Society, Patel, Estate Road, Jogeshwari (West), Mumbai - 400102, Maharashtra, India

Date of Birth/Age :

21.01.1952

Date of Appointment :

22.01.1998

DIN No.:

00270382

 

 

Name :

Hamish Chandru Shahani

Designation :

Managing director

Address :

28, Silver Sands, Juhu Tara Road, Juhu, Santacruz (West), Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

28.06.1968

Date of Appointment :

01.12.2006

DIN No.:

01255910

 

 

Name :

Krishnamurthy Harihar Subramanian

Designation :

Director

Address :

D-7, Endeavour, 90 Feet Road, Mulund (East), Mumbai - 400081, Maharashtra, India

Date of Birth/Age :

08.09.1953

Date of Appointment :

01.12.1983

DIN No.:

01255960

 

 

Name :

Sreedhar Anehosur

Designation :

Additional director

Address :

Flat No- B2 Srinivasakripa Apartment, Saibaba Temple Road Thyagarajnagar, Bangalore, 560028, Karnataka, India

Date of Appointment :

08.06.2015

DIN No.:

07178150

 

 

Name :

Matthias Muller

Designation :

Additional director

Address :

IM Stockrain 35, 71549, Auenwald, NA, Germany

Date of Appointment :

08.06.2015

DIN No.:

07187285

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 24.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Mehernosh Eruch Engineer

10

0.04

Prabhakar Venkappa Shetty

250

0.88

Hamish Chandru Shahani

7975

28.22

Krishnamurthy Hariharsubramanian

250

0.88

Mona Chandru Shahani

5496

19.45

Hamish Investments Private Limited, India

13944

49.34

Monisha Narke

330

1.17

Anita Shahani

7

0.02

Total

28262

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 24.09.2014

 

Category

Percentage

Bodies corporate

49.34

Directors or relatives of Directors

50.66

 

 

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is engaged in the manufacturing of clean room equipment, Pharmaceutical machinery, accessories.

 

 

Products :

·         Clean room equipment

·         Pharmaceutical machinery

·         Accessories

 

 

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 :

Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management]

 

 

Bankers :

Bank Name

State Bank of Mysore

Branch

Corporate Accounts Branch, Mittal Court, 'C' Wing, Nariman Point, Mumbai - 400021, 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 :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans from

 

 

From banks

[Secured against hypothecation of Motor car purchased under hire purchase scheme.]

0.000

1.241

From NBFCs

2.188

3.165

Short-term borrowings

 

 

Cash Credit from State Bank of Mysore

[Secured hypothecation charge of company’s stocks and book debts and other current assets, equitable mortgage of company’s land and building hypothecation charge on entire Plant and machinery, Equitable Mortgage of house property owned by one of the director and personal guarantee of one of the director.]

106.552

97.018

Total

108.740

101.424

 

Terms of repayment from Bank and NBFCs

 

PARTICULARS

 

31.03.2014

31.03.2013

Repayment within one year from the end of the financial year

5.559

9.216

Repayment beyond one year to five years from the end of financial year

2.188

8.839

Repayment beyond five years from the end of the financial year

0.000

0.000

 

Auditors :

 

Name :

Natvarlal Vepari and Company

Chartered Accountants

Address :

Oricon House,4th Floor, 12 K. Dubash Marg, Mumbai - 400023, Maharashtra, India

Tel. No.:

91-22-6752 7100

Fax No.:

91-22-6752 7101

Email:

nvc@nvc.in

PAN No.:

AAAFN2322F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Company :

Klenzaids Inc.

 

 

Entity where control exists:

Hamish Investments Private Limited, India

 

 

Enterprises owned or significantly influenced by key management personnel or their relatives :
  • Vector Systems and Instrumentation Private Limited
  • Ziebert Engineering Industries Private Limited
  • Brisk Tour and Travels

 

 

CAPITAL STRUCTURE

 

AS ON 24.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

30,000

Equity Shares

Rs.100/- each

Rs.3.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

28,262

Equity Shares

Rs.100/- each

Rs.2.826 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

2.826

2.826

2.826

(b) Reserves & Surplus

155.159

129.108

112.926

(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)

157.985

131.934

115.752

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

13.008

10.887

20.923

(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)

13.008

10.887

20.923

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

106.552

97.018

79.931

(b) Trade payables

192.812

203.489

175.275

(c) Other current liabilities

54.301

79.733

86.524

(d) Short-term provisions

46.350

37.112

37.723

Total Current Liabilities (4)

400.015

417.352

379.453

 

 

 

 

TOTAL

571.008

560.173

516.128

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

24.769

29.096

34.668

(ii) Intangible Assets

0.175

0.243

0.351

(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

0.443

0.443

0.443

(c) Deferred tax assets (net)

1.094

0.805

0.375

(d)  Long-term Loan and Advances

36.285

36.037

35.678

(e) Other Non-current assets

6.604

6.062

8.246

Total Non-Current Assets

69.370

72.686

79.761

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

139.779

102.850

83.455

(c) Trade receivables

336.435

347.406

320.540

(d) Cash and cash equivalents

8.416

15.119

9.745

(e) Short-term loans and advances

16.532

21.496

22.296

(f) Other current assets

0.476

0.616

0.331

Total Current Assets

501.638

487.487

436.367

 

 

 

 

TOTAL

571.008

560.173

516.128

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

488.528

452.103

467.331

 

Other Income

21.037

2.418

2.706

 

TOTAL

509.565

454.521

470.037

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

448.469

408.347

427.478

(Including finance expenses)

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

61.096

46.174

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

4.927

6.243

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

56.169

39.931

42.559

 

 

 

 

 

Less

TAX

20.195

13.748

15.629

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

35.974

26.183

26.930

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

27.572

14.291

 0.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

 NA

2.900

2.700

 

Dividend

 NA

8.479

8.479

 

Tax on Dividend

NA

1.523

1.460

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

NA

27.572

14.291

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

159.806

27.742

40.629

 

TOTAL EARNINGS

159.806

27.742

40.629

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1272.87

926.45

952.89

 

 

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 (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

7.36

5.79

5.76

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

9.86

7.14

8.26

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.36

0.30

0.37

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.76

0.82

0.87

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.25

1.17

1.15

 

 

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

2.826

2.826

2.826

Reserves & Surplus

112.926

129.108

155.159

Share Application money pending allotment

0.000

0.000

0.000

Net worth

115.752

131.934

157.985

 

 

 

 

long-term borrowings

20.923

10.887

13.008

Short term borrowings

79.931

97.018

106.552

Total borrowings

100.854

107.905

119.560

Debt/Equity ratio

0.871

0.818

0.757

 

 

 

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

467.331

452.103

488.528

 

 

(3.259)

8.057

 

 

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

467.331

452.103

488.528

Profit

26.930

26.183

35.974

 

5.76%

5.79%

7.36%

 

 

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

No

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

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

Yes

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

 

UNSECURED LOAN

 

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans from

 

 

Related parties – Shareholders

10.820

2.049

Bank

0.000

3.858

Incorporate / NBFCs

0.000

0.574

Total

10.820

6.481

 

Note :

 

Unsecured loans from shareholders repayment for all loans is due at the end of 24 months from end of this financial year and same are carrying nil rate of interest.

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Claims against the company not acknowledged

as debt;

 

 

Guarantees:

Bank Guarantee issued by State Bank of Mysore

57.880

65.468

Other money for which the company is contingently liable

 

 

Tax, Interest and penalty demanded by Income

Tax department disputed by the Company and pending in appeal

2.930

2.868

Tax demanded by the Gujarat Value Added Tax for

non submission of C Forms and the matter is pending in

Appeal for the year 2007-08 and 2008-09

1.269

0.000

 

 

CORPORATE PROFILE

 

The company was incorporated on 1st February 1978 as private limited company under the present name. The Company is engaged in the manufacturing of clean room equipment, Pharmaceutical machinery, accessories. The Company delivers Regulatory Compliant Turnkey "Design-Build Projects. These include Clean-room equipment; Biological-Chemical Containment Facilities and Laboratories; Micro environs and Laboratories for Active Ingredients and Formulations in the Pharmaceutical. Life-Science, Defence, Electronics, Aerospace. Food. Healthcare and Cosmetic sectors. The Company also produces specialized reference-standard benchmark equipment and devices, for clients in the above mentioned sectors operating in India and across the World.

 

OPERATIONS

 

The Company is in the field of Equipments and Pharma machineries and also undertaking and setting up of cleanroom and BioSafety laboratories on Turnkey basis. During the year, the Company's exports have increased dramatically, the FOB value of exports increasing from Rs. 26.700 Million in the previous year to Rs. 159.600 Million in the current year. The Company's order book also as on date extends at a very healthy level.

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10141707

07/11/2014 *

240,000,000.00

STATE BANK OF MYSORE

CORPORATE ACCOUNTS BRANCH, MITTAL COURT, "C" WING, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA

C35457183

 

* Date of charge modification

 

FIXED ASSETS

 

  • Lease Hold Land
  • Building
  • Plant and Machinery
  • Motor Vehicle
  • Computers
  • Furniture and Fixture
  • Goodwill
  • Computer Software

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs.66.33

UK Pound

1

Rs.100.03

Euro

1

Rs.71.44

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SNT

 

 

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

4

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--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

 

42

 

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.