MIRA INFORM REPORT

 

 

Report No. :

348922

Report Date :

17.11.2015

 

IDENTIFICATION DETAILS

 

Name :

SEVEN SEAS HOLDINGS LIMITED

 

 

Registered Office :

132, B, Mittal Towers, Nariman Point, Mumbai – 400021, Maharashtra

Tel. No.:

91-22-22841111

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

07.03.2012

 

 

Com. Reg. No.:

11-227810

 

 

Capital Investment / Paid-up Capital :

Rs.2.248 Million

 

 

CIN No.:

[Company Identification No.]

U65923MH2012PLC227810

 

 

IEC No.:

Not Divulged 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

The business of a holding, investment and investment trust company and to transact all kinds of trust and agency business.

 

 

No. of Employees :

Information declined by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

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 was incorporated on 7th March 2012, having moderate track.

 

Management remains non-cooperative.

 

As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but documents related to financial for the year ending 2014 is not available from any source.

 

As per the available financials of 2013, it seems that the company has not carried out operations and has incurred loss due to pre-operative expenses.

 

However, business is actives as per company status shown in the Registrar of Companies. No payment are known.

 

The company can be considered for business dealings on safe and secured trade terms and condition.

 

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 DENIED

 

Management non-cooperative (91-22-22841111)

 

 

LOCATIONS

 

Registered Office :

132, B, Mittal Towers, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel. No.:

91-22-22841111

Fax No.:

Not Available

E-Mail :

rsvathane@gmail.com

accts@wimpl.net

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Mohammed Iqbal Khan

Designation :

Director

Address :

101, Moru Sadan, S.V. Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Birth/Age :

03.12.1958

Date of Appointment :

07.03.2012

DIN No.:

00260194

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

U27100MH1989PTC051644

KONAR METALS PRIVATE LIMITED

Director

05/05/1989

05/05/1989

-

Active

NO

2

U27100MH1989PTC050506

MAHARAJA STEEL AND ALLOYS PRIVATE LIMITED

Director

03/04/1995

03/04/1995

-

Active

NO

3

U27109MH2006PLC164182

WESTERN INDIA METAL PROCESSORS LIMITED

Director

30/08/2006

30/08/2006

-

Active

NO

4

U51909MH2003PTC143754

AMEYA MERCHANDISE EXPORTS PRIVATE LIMITED

Director

22/02/2007

22/02/2007

-

Active

NO

5

U45201MH2007PTC169869

WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED

Director

01/07/2009

01/07/2009

-

Active

NO

6

U74990MH2011PTC214212

HIMACHAL RIVERSIDE WELLNESS RESORT AND COUNTRY CLUB PRIVATE LIMITED

Director

01/03/2011

01/03/2011

-

Active

NO

7

U65923MH2012PLC227810

SEVEN SEAS HOLDINGS LIMITED

Director

07/03/2012

07/03/2012

-

Active

NO

8

U28910MH2012PTC231561

EXCEL METAL PROCESSORS PRIVATE LIMITED

Director

28/05/2012

28/05/2012

-

Active

NO

9

U45400WB2011PTC170693

DERBY REALBUILD PRIVATE LIMITED

Director

02/05/2013

02/05/2013

-

Active

NO

10

U74999WB2012PTC173995

DIGANTA TRADING PRIVATE LIMITED

Director

13/07/2013

13/07/2013

-

Active

NO

11

U28112MH2013PTC249441

ARISHA METAL PRECISIONS PRIVATE LIMITED

Director

21/10/2013

21/10/2013

-

Active

NO

12

AAA-6001

NORTH WEST GREEN INFRASTRUCTURE PROMOTERS LLP

Designated Partner

30/11/2013

30/11/2013

-

Active

NO

 

 

Name :

Rabia Mohd Iqbal Khan

Designation :

Director

Address :

101, Moru Sadan, S.V. Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Birth/Age :

26.06.1951

Date of Appointment :

07.03.2012

DIN No.:

00260267

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

U27100MH1989PTC051644

KONAR METALS PRIVATE LIMITED

Director

05/05/1989

05/05/1989

11/07/2015

Active

NO

2

U27100MH1989PTC050506

MAHARAJA STEEL AND ALLOYS PRIVATE LIMITED

Director

03/04/1995

03/04/1995

-

Active

NO

3

U27109MH2006PLC164182

WESTERN INDIA METAL PROCESSORS LIMITED

Director

30/08/2006

30/08/2006

-

Active

NO

4

U45201MH2007PTC169869

WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED

Director

11/04/2007

11/04/2007

15/02/2012

Active

NO

5

U65923MH2012PLC227810

SEVEN SEAS HOLDINGS LIMITED

Director

07/03/2012

07/03/2012

-

Active

NO

 

 

Name :

Mr. Imran Khan

Designation :

Director

Address :

101, Moru Sadan, S.V. Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Birth/Age :

26.03.1977

Date of Appointment :

07.03.2012

DIN No.:

01264376

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

U51909MH2003PTC143754

AMEYA MERCHANDISE EXPORTS PRIVATE LIMITED

Director

22/02/2007

22/02/2007

-

Active

NO

2

U45201MH2007PTC169869

WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED

Director

11/04/2007

11/04/2007

-

Active

NO

3

U27109MH2006PLC164182

WESTERN INDIA METAL PROCESSORS LIMITED

Director

23/05/2007

23/05/2007

-

Active

NO

4

U74990MH2011PTC214212

HIMACHAL RIVERSIDE WELLNESS RESORT AND COUNTRY CLUB PRIVATE LIMITED

Director

01/03/2011

01/03/2011

-

Active

NO

5

U65923MH2012PLC227810

SEVEN SEAS HOLDINGS LIMITED

Director

07/03/2012

07/03/2012

-

Active

NO

6

U28910MH2012PTC231561

EXCEL METAL PROCESSORS PRIVATE LIMITED

Director

28/05/2012

28/05/2012

-

Active

NO

7

U45400WB2011PTC170693

DERBY REALBUILD PRIVATE LIMITED

Director

02/05/2013

02/05/2013

-

Active

NO

8

U74999WB2012PTC173995

DIGANTA TRADING PRIVATE LIMITED

Director

13/07/2013

13/07/2013

-

Active

NO

9

U28112MH2013PTC249441

ARISHA METAL PRECISIONS PRIVATE LIMITED

Director

21/10/2013

21/10/2013

-

Active

NO

10

U27100MH1989PTC051644

KONAR METALS PRIVATE LIMITED

Director

11/07/2015

11/07/2015

-

Active

NO

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Mohammed Iqbal Khan

 

3832500

Imran Khan

 

25000

Rabia Mohd Iqbal Khan

 

100

Bushra Khan

 

100

Saima Khan

 

100

Sadaf Khan

 

100

Sugragulbano Imran Khan

 

22100

Ameya Agencies Private Limited

 

46750

Westcoast Realtors and Developers Private Limited

 

48000

Rashid Iqbal S. Chaudhary

 

500000

Derby Realbuild Private Limited

 

250000

Mangalvarsha Infraproject Private Limited

 

250000

Total

 

4974750

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

42.16

Directors or relatives of Directors

57.84

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The business of a holding, investment and investment trust company and to transact all kinds of trust and agency business.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

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

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the management.

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

Backbay Reclamation Branch, Raheja Chambers, Free press Journal Road, 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

 

Auditors :

 

Name :

Rsva and Company

Chartered Accountants

Address :

301 Rajdarshan Building B Wing, Dada Patil Wadi Adj to Thane Railway Station, Thane – 400602, Maharashtra, India

PAN No.:

AAYFS1415P

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs.50.000 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

4974750

Equity Shares

Rs.10/- each

Rs.49.748 Million

 

 

As on 31.03.2013

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs.50.000 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

224750

Equity Shares

Rs.10/- each

Rs.2.248 Million

 


 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

2.248

2.248

(b) Reserves & Surplus

 

15.615

15.699

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

47.500

0.000

Total Shareholders’ Funds (1) + (2)

 

65.363

17.947

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

0.000

0.000

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

99.872

0.528

(b) Trade payables

 

0.000

0.000

(c) Other current liabilities

 

0.000

0.000

(d) Short-term provisions

 

0.038

0.028

Total Current Liabilities (4)

 

99.910

0.556

 

 

 

 

TOTAL

 

165.273

18.503

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

70.594

0.000

(ii) Intangible Assets

 

0.000

0.000

(iii) Capital work-in-progress

 

0.000

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

26.600

0.000

(c) Deferred tax assets (net)

 

0.000

0.000

(d)  Long-term Loan and Advances

 

0.000

18.003

(e) Other Non-current assets

 

0.503

0.458

Total Non-Current Assets

 

97.697

18.461

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

0.000

0.000

(c) Trade receivables

 

0.000

0.000

(d) Cash and cash equivalents

 

0.243

0.042

(e) Short-term loans and advances

 

67.096

0.000

(f) Other current assets

 

0.237

0.000

Total Current Assets

 

67.576

0.042

 

 

 

 

TOTAL

 

165.273

18.503

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

 

0.000

0.000

 

Other Income

 

0.000

0.000

 

TOTAL

 

0.000

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Other expenses

 

0.084

0.028

 

TOTAL

 

0.084

0.028

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

(0.084)

(0.028)

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

(0.084)

(0.028)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

(0.084)

(0.028)

 

 

 

 

 

Less

TAX

 

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

(0.084)

(0.028)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

(0.37 )

(0.12)

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

 

31.03.2013

31.03.2012

Current Maturities of Long term debt

 

NA

NA

Cash generated from operations

 

NA

NA

Net cash flows from

 

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

 

0.00

0.00

 

 

 

 

 

Operating Profit Margin

(PBDIT / Sales)

(%)

 

0.00

0.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

 

(0.06)

(0.15)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

 

0.00

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

 

1.53

0.03

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

 

0.68

0.08

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Share Capital

2.248

2.248

Reserves & Surplus

15.699

15.615

Share Application money pending allotment

0.000

47.500

Net worth

17.947

65.363

 

 

 

long-term borrowings

0.000

0.000

Short term borrowings

0.528

99.872

Total borrowings

0.528

99.872

Debt/Equity ratio

0.029

1.528

 

 

 

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

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

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

No

26

Turnover of firm about one month and one year

Yes

27

Reasons for variation <> 20%

----------------------

28

Estimation for coming financial year

No

29

Profitability for about one month and one year

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

 

 

PERFORMANCE (As on 31.03.2013)

 

The company acquired land on lease from MIDC at Taloja. It has entered into an arrangement with their associates company to give the land on rent. The company will be earning rentals in the coming years. The company also holds shareholding in the Group companies to haves effective Control. The Directors place on record the efforts being taken to put the company on business growth.

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2013

As on

31.03.2012

SHORT TERM BORROWING

 

 

Inter Corporate Deposit

99.872

0.528

Total

99.872

0.528

 

 

INDEX OF CHARGES

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10468256

02/12/2013

650,000,000.00

STATE BANK OF INDIA

BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL ROAD, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA

B92744689

 

* Date of charge modification

 

 

FIXED ASSETS

 

  • Land
  • Industrial Plot
  • Building
  • Plant and Equipment
  • Furniture and Fixtures
  • Vehicles (Cars)
  • Office Equipment
  • Computer
  • Pattern
  • Samar

 


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 records 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.66.16

UK Pound

1

Rs.100.65

Euro

1

Rs.70.97

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

AMT

 

 

Report Prepared by :

PNM


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

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

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

---

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

11

 

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.