MIRA INFORM REPORT

 

 

Report No. :

343221

Report Date :

01.10.2015

 

IDENTIFICATION DETAILS

 

Name :

PR ECOENERGY PRIVATE LIMITED (w.e.f. 15.05.2009)

 

 

Formerly Known As :

PR TRADELINK PRIVATE LIMITED

 

 

Registered Office :

301-302-358, Govinda Complex, GIDC Char Rasta, Vapi – 396195, Gujarat

Tel. No.:

91-260-3292217

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

03.03.2003

 

 

Com. Reg. No.:

04-042090

 

 

Capital Investment / Paid-up Capital :

Rs.31.890 Million

 

 

CIN No.:

[Company Identification No.]

U51909GJ2003PTC042090

 

 

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 is engaged in producing energy using agricultural waste. 

 

 

No. of Employees :

165 (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

 

Maximum Credit Limit :

USD 177000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track. It is engaged in producing energy using agricultural waste. 

 

The company has reported above average operational performance during the year 2014.

 

Further, rating also considers company’s decent financial risk profile backed by its good networth base, comfortable liquidity position and low debt balance sheet profile of the company.

 

Trade relations are fair. Business is active. Payment terms are reported to be 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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Dharmesh Parikh

Designation :

Commercial Manager

Contact No.:

91-260-3292217

Date :

30.09.2015

 

 

LOCATIONS

 

Registered Office / Factory:

301-302-358, Govinda Complex, GIDC Char Rasta, Vapi – 396195, Gujarat, India

Tel. No.:

91-260-3292217

Mobile No.:

91-9714993130 (Mr. Dharmesh Parikh)

Fax No.:

91-260-2420525

E-Mail :

dharmesh@prti.in

pkagrawal@prtl.in

Website :

http://www.prtl.in

Location :

Owned

Locality :

Commercial

 

 

DIRECTORS

 

AS ON 23.09.2014

 

Name :

Mr. Pawan Kumar Roor Mal Agarwal

Designation :

Whole-time director

Address :

602, 6th Floor, Orchid Tower, Asopalav Complex, Vapi - 396195, Gujarat, India

Date of Birth/Age :

12.04.1962

Date of Appointment :

03.03.2003

DIN No.:

00403323

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

U51909GJ2003PTC042090

PR ECOENERGY PRIVATE LIMITED

WHOLE-TIME DIRECTOR

03/03/2003

03/03/2003

-

ACTIVE

NO

2

U40100DN2005PTC000431

DARO ENERGY PRIVATE LIMITED

DIRECTOR

27/06/2005

27/06/2005

29/09/2010

ACTIVE

NO

3

U40107GJ2007PTC049812

PR CO-GENERATION PRIVATE LIMITED

DIRECTOR

18/01/2007

18/01/2007

-

ACTIVE

NO

4

U40104GJ2007FTC051234

CLEAN ENERGIE GUJARAT (ONE) PRIVATE LIMITED

DIRECTOR

28/06/2007

28/06/2007

-

UNDER PROCESS OF STRIKING OFF

NO

 

 

Name :

Mrs. Rajani Pawankumar Agrawal

Designation :

Director

Address :

602, Orchid Tower, Asopalav Complex, Vapi - 396195, Gujarat, India

Date of Birth/Age :

28.08.1962

Date of Appointment :

03.04.2008

DIN No.:

00403362

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

U51909GJ2003PTC042090

PR ECOENERGY PRIVATE LIMITED

DIRECTOR

03/04/2008

03/03/2003

-

ACTIVE

NO

2

U40107GJ2007PTC049812

PR CO-GENERATION PRIVATE LIMITED

DIRECTOR

18/01/2007

18/01/2007

-

ACTIVE

NO

 

 

Name :

Mr. Satyapal Singh

Designation :

Director

Address :

83, Vishnu Garden, Sanganer, Jaipur - 302011, Rajasthan, India

Date of Birth/Age :

31.10.1950

Date of Appointment :

31.03.2011

DIN No.:

02158644

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

U51909GJ2003PTC042090

PR ECOENERGY PRIVATE LIMITED

DIRECTOR

31/03/2011

02/06/2008

-

ACTIVE

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Dharmesh Parikh

Designation :

Commercial Manager

 

 

Name :

Jignesh A. Shah

Designation :

Company Secretary

Address :

B-101, Sahaj Baug Apartment, Opposite Shital Baug Apartment, Near Parimal Crossing, Paldi, Ahmedbad – 380007, Gujarat, India

Email :

jashah999@yahoo.com

Tel. No.:

91-79-26574533, 40091013

Mobile No.:

91-9825393623

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 23.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Pawankumar Agrawal

1096000

34.37

Pawankumar Agrawal HUF

1129000

35.40

Rajani Agrawal

475000

14.89

Roormal Agrawal

10000

0.31

Pr Fuels Through all Partners Pawankumar Agrawal and Rajani Agrawal

290000

9.09

Satya Pal Singh

21000

0.66

Ghanshyam Bhai Patel

10000

0.31

Abhay Parmar

50000

1.57

Surjitsinh Amarsinh Mangrola

108000

3.39

Total

3189000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 23.09.2014

 

Category

Percentage

Directors or relatives of Directors

94.07

Other top fifty shareholders

5.93

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in producing energy using agricultural waste. 

 

 

Products:

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS-NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

James Marketing

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

 

  • Are Enterprises
  • Industrial Traders
  • Kirti Metal Corporation

 

 

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

 

End Users

 

 

No. of Employees :

165 (Approximately)

 

 

Bankers :

Bank Name

State Bank of India

Branch

Specialised Commercial Branch, VIA House, GIDC, Vapi - 396195, Gujarat, 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

 

·         Small Industries Development Bank of India

 

·         State Bank of India, Mid-Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara - 390007, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Term loans from Banks

17.663

45.929

Short-term borrowings

 

 

Working capital borrowing from Banks

(Secured hypothecation on entire current assets of the company and personal guarantee of the directors)

33.855

35.974

Total

51.518

81.903

 

Auditors :

 

Name :

Kakaria and Associates

Chartered Accountants

Address :

Royal Fortune Complex, Daman Road, Chala, Vapi – 396191, Gujarat, India

Tel. No.:

91-260-3981000 (30 Lines)

E-Mail:

ho@kakariaassociates.com

Website :

www.kakariaassociates.com

:

 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates Company / Firms :
  • PR Co-Generation Private Limited
  • PR Fuels

 

 

CAPITAL STRUCTURE

 

AS ON 23.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,500,000

Equity Shares

Rs.10/- each

Rs.35.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,189,000

Equity Shares

Rs.10/- each

Rs.31.890 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

31.890

31.890

31.890

(b) Reserves & Surplus

30.311

25.777

25.219

(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)

62.201

57.667

57.109

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

17.663

45.929

52.411

(b) Deferred tax liabilities (Net)

10.641

7.610

7.591

(c) Other long term liabilities

15.362

20.170

2.279

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

43.666

73.709

62.281

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

33.855

35.974

30.468

(b) Trade payables

51.702

42.959

22.431

(c) Other current liabilities

28.511

14.725

40.052

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

114.068

93.658

92.951

 

 

 

 

TOTAL

219.935

225.034

212.341

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

94.298

113.019

97.367

(ii) Intangible Assets

0.019

0.023

0.027

(iii) Capital work-in-progress

2.335

0.000

24.424

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.310

0.300

0.300

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

6.722

9.955

11.246

(e) Other Non-current assets

0.144

0.173

0.202

Total Non-Current Assets

103.828

123.470

133.566

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

37.981

59.483

50.070

(c) Trade receivables

24.608

8.233

8.671

(d) Cash and cash equivalents

8.385

8.213

8.635

(e) Short-term loans and advances

45.133

25.635

11.399

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

116.107

101.564

78.775

 

 

 

 

TOTAL

219.935

225.034

212.341

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

468.371

263.784

149.171

 

Other Income

 

 

 

 

TOTAL

468.371

263.784

149.171

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

448.149

252.808

141.013

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

20.222

10.976

8.158

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

10.555

10.400

7.778

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

9.667

0.576

0.380

 

 

 

 

 

Less

TAX

4.940

0.018

5.657

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

4.727

0.558

(5.277)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 1.48

 0.17

 NA

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

540.000

 

Expected Sales ( 2015-2016 ) : Rs.700.000 Million

 

The above information has been parted by Mr. Dharmesh Parikh (Commercial Manager).

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

13.936

7.400

7.100

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 / Total Income)

(%)

1.01

0.21

-3.54

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.45

0.26

0.20

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.16

0.01

0.01

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.05

1.55

1.58

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.02

1.08

0.85

 

 

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

31.890

31.890

31.890

Reserves & Surplus

25.219

25.777

30.311

Share Application money pending allotment

0.000

0.000

0.000

Net worth

57.109

57.667

62.201

 

 

 

 

long-term borrowings

52.411

45.929

17.663

Short term borrowings

30.468

35.974

33.855

Current Maturities of Long Term Debt

7.100

7.400

13.936

Total borrowings

89.979

89.303

65.454

Debt/Equity ratio

1.576

1.549

1.052

 

 

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)

Total Income 

149.171

263.784

468.371

 

 

76.833

77.559

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income 

149.171

263.784

468.371

Profit/Loss

(5.277)

0.558

4.727

 

(3.54%)

0.21%

1.01%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

---

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

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 four years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

 

NOTE :

 

The registered office of the company has been shifted from C 6/13, Third Floor, Shreenathji Chambers, VIA Char Rasta, GIDC, Vapi - 396195, Gujarat, India to the present address w.e.f. 27.11.2008.

 

PERFORMANCE REVIEW

 

The total income for the year increased by about 78% over the previous year, whereas profit before tax has Increase by about 1577 %.

 

FUTURE PROSPECT

 

Instluation of 20 TPH Boiler at Birla Century, Jaghdiya, Gujarat site has completed and commenced commercial production w.e.f. 30.08.2014 and the revenue from which will be started from second half.

 

The Company is planning to go for public issue and listing at BSE / NSE exchange made SME format.

 

CORPORATE INFORMATION (AS ON 31.03.2014)

 

Subject having its registered office at 301-302-358, Govinda Complex, GIDC Char Rasta, Vapi and is in the business of manufacturing / generation of briquettes. Steam and Heat from Agro-waste, providing consultancy in the field of renewal energy.

 

CONTINGENT LIABILITIES (TO THE EXTENT NOT PROVIDED FOR):

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Bank Guarantee

2.000

2.000

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10124464

20/01/2012 *

225,000,000.00

STATE BANK OF INDIA

MID-CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA - 390007, GUJARAT , INDIA

B31282056

2

10117140

12/08/2015 *

30,000,000.00

STATE BANK OF INDIA

SPECIALISED COMMERCIAL BRANCH, VIA HOUSE, GIDC, VAPI - 396195, GUJARAT, INDIA

C63316632

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible Assets

 

  • Land and Building
  • Plant and Machinery
  • Mobile Phone
  • Fax Machine
  • Air Conditioner
  • Computer
  • Vehicles

 

Intangible Assets

  • 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.65.74

UK Pound

1

Rs.99.53

Euro

1

Rs.73.79

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

HNA

 

 

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

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--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

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.