MIRA INFORM REPORT

 

 

Report No. :

344207

Report Date :

06.10.2015

 

IDENTIFICATION DETAILS

 

Name :

AGARWAL COAL CORPORATION PRIVATE LIMITED

 

 

Registered Office :

Matra Kripa, Chameli Park, Near Goyal Nagar, Indore – 452001, Madhya Pradesh

Tel. No.:

91-731-4714000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

16.08.2000

 

 

Com. Reg. No.:

10-014351

 

 

Capital Investment / Paid-up Capital :

Rs. 28.728 Million

 

 

CIN No.:

[Company Identification No.]

U23109MP2000PTC014351

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCA8468K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading, Exporting and Importing of Coal.

 

 

No. of Employees :

250 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (63)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 6441000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Agarwal coal corporation private limited.

 

Subject is a flagship company of Agarwal group. Mr. Purshottam Agarwal and Mr. Vinod Kumar Agarwal is the founder promoter of the company. Agarwal group, based out of Indore, Madhya Pradesh, is one of the largest groups engaged in coal trading. It is an established company having fine track record.

 

External borrowings of the company seem to be huge. However, the company possesses a decent profile marked by decent networth base along with fair liquidity.

 

The rating takes into consideration experienced promoters and long track of operations of the group along with well established presence in imported coal business. Further, the rating also continues to derives strength from Agarwal group’s large scale of operations, long standing relationship with suppliers and strong marketing network.

 

Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments.

 

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

CARE RATING

Rating

Long Term Bank Facilities = A

Rating Explanation

Have adequate degree of safety and carry low credit risk.

Date

March 24, 2015

 

 

Rating Agency Name

CARE RATING

Rating

Short Term Bank Facilities = A1

Rating Explanation

Have very strong degree of safety and carry lowest credit risk.

Date

March 24, 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) DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Justin

Designation :

Deputy General Manager in Operation

Contact No.:

91-9303211104

 

 

LOCATIONS

 

Registered Office :

Matra Kripa, Chameli Park, Near Goyal Nagar, Indore – 452001, Madhya Pradesh, India

Tel. No.:

91-731-4714000

Mobile No.:

91-9303333633 (Mr. Deepak Jain)

Fax No.:

Not Available

E-Mail :

datomd@agarwalcoal.com

 

 

Head Office :

Second Floor 'Agarwal House' 5 Yashwant Niwas road Indore-4452001, Madhya Pradesh, India

Tel. No.:

91-731-4714000/ 731-2538874

Fax No.:

91-731-2531388

E-Mail :

info@agarwalcoal.com

 

 

Branch Offices :

Located At:

 

·         Ahmedabad

·         Belgaum

·         Bellary

·         Bilaspur

·         Brajrajnagar

·         Chennai

·         Indore

·         Haldia

·         Jogighopa

·         Indore

·         Kolkata

·         Kandla

·         Mangalore

·         Nagpur

·         Navlakhi

·         Nimbahera

·         Pradeep

·         Raipur

·         Rourkela

·         Thane

·         Talcher

·         Tuticorin

·         Vizag

·         Gandhidham

·         Katni

·         Korba

·         Kujju

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Vinod Kumar Agarwal

Designation :

Managing Director

Address :

2 Matra Kripa Chameli Park, Near Goyal Nagar, Indore – 452016, Madhya Pradesh, India

Date of Birth/Age :

11.06.1964

Date of Appointment :

04.10.2000

PAN No.:

ABHPA2474Q

DIN No.:

00136613

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

L52520MP1986PLC003405

AD- MANUM FINANCE LIMITED

DIRECTOR

16/08/2014

11/08/1992

-

ACTIVE

NO

2

U45203MP1980PTC001674

AGARWAL FUEL CORPORATION PRIVATE LIMITED

MANAGING DIRECTOR

16/08/2014

27/06/1996

-

ACTIVE

NO

3

U15205MP1991PTC006651

SANJANA COLD STORAGE PRIVATE LIMITED

DIRECTOR

15/03/1999

15/03/1999

16/06/2014

ACTIVE

NO

4

U23109MP2000PTC014351

AGARWAL COAL CORPORATION PRIVATE LIMITED

MANAGING DIRECTOR

04/10/2000

04/10/2000

-

ACTIVE

NO

5

U60210MP2003PTC015665

AGARWAL TRANSPORT CORPORATION PRIVATE LIMITED

DIRECTOR

21/03/2003

21/03/2003

-

ACTIVE

NO

6

U45201MP2005PTC017291

AGARWAL REAL CITY PRIVATE LIMITED

DIRECTOR

28/01/2005

28/01/2005

-

ACTIVE

NO

7

U01010MP2005PTC017426

AGARMIN COALWASHERY PRIVATE LIMITED

DIRECTOR

14/03/2005

14/03/2005

20/11/2013

ACTIVE

NO

8

AAB-8976

AGARWAL REALINFRA LLP

DESIGNATED PARTNER

29/11/2013

29/11/2013

-

ACTIVE

NO

 

 

Name :

Mr. Surendra P. Shukla

Designation :

Director

Address :

I-25, LIG Colony, Indore – 452016, Madhya Pradesh, India

Date of Birth/Age :

16.02.1949

Date of Appointment :

01.04.2014

PAN No.:

ANZPS2071B

DIN No.:

00353879

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

L23101MP1989PLC015116

P.K.WORLDWIDE LIMITED

Director

24/06/1997

24/06/1997

-

Active

NO

2

U23109MP2000PTC014351

AGARWAL COAL CORPORATION PRIVATE LIMITED

Whole-time director

01/04/2014

04/07/2002

-

Active

NO

3

U17234MP1994PLC008745

AD-MANUM PACKAGINGS LIMITED

Director

08/04/2006

08/04/2006

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Justin

Designation :

Deputy General Manager in Operation

 

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

 

No. of Shares

Vinod Kumar

 

1012300

Neena Devi Agarwal

 

200

Available Finance, India

 

800000

Vinod Kumar Agarwal

 

200

Archana Kothari

 

100

Meena Devi

 

100

Alpin Infosys Private Limited

 

10000

Aditi Mittal

 

100

Archana Coal Private Limited

 

438000

Aereo Dealcomm Private Limited

 

114600

Jagdamba Enclave

 

60000

Kalika Vyapar Private Limited

 

55000

Shrdha Vanijya Private Limited

 

68500

Gourist Vyapar Private Limited

 

47500

Abhilasha Tieup Private  Limited

 

77200

Tapan Agarwal

 

189000

 

 

 

Total

 

2872800

 

 

AS ON 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

58.15

Directors or relatives of Directors

41.84

Other top fifty shareholders

0.01

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trading, Exporting and Importing of Coal.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Coal

Countries :
  • Nepal
  • Bangladesh etc.

 

 

Imports :

 

Products :

Raw Material

 

 

Terms :

 

Selling :

L/C

 

 

Purchasing :

L/C

 

 

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 :

250 (Approximately)

 

 

Bankers :

Bank Name:

UCO Bank

Branch:

Gram Pipliahana, Tilak Nagar, Indore – 452001, Madhya Pradesh, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of 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

 

  • Bank of India
  • Bank of Baroda
  • Corporation Bank
  • Indian Overseas Bank
  • HDFC Bank Limited

 

 

Facilities :

 

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Loans taken for vehicles

16.672

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital loans from banks

14241.208

3953.710

Other loans and advances

0.000

11268.757

Total

14257.880

15222.467

 

 

 

Auditors :

 

Name :

Mahendra Badjatya and Company

Chartered Accountants

Address :

208, Morya Centre, 16, Race Course Road, Indore – 452001, Madhya Pradesh, India

PAN No.:

AAVFM8487C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates :

·         Agarwal Coal Corporation (s) Pte. Limited

·         Available Finance Limited

 

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

·         Amigo Finstock Private limited (U67120GJ1998PTC034772)

·         Agarwal transport Corporation Private limited (U60210MP2003PTC015665)

·         Archana Coal Private limited (U01122MP1991PTC006664)

·         Agarwal Fuel Corporation Private limited (U45203MP1980PTC001674)

·         Neena Warehousing Corporation

·         Shukla and Company, Surat

·         Sanjana Cold Storage Private Limited (U15205MP1991PTC006651)

 

 

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

 

 

 

 

2872800

Equity Shares

Rs. 10/- each

Rs. 28.728 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

28.728

28.728

28.728

(b) Reserves & Surplus

2225.662

1992.102

1754.454

(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)

2254.390

2020.830

1783.182

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

138.738

118.847

120.818

(b) Deferred tax liabilities (Net)

29.297

32.127

34.215

(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)

168.035

150.974

155.033

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

14241.208

15222.467

14125.216

(b) Trade payables

2707.188

3140.238

2666.803

(c) Other current liabilities

196.940

293.133

281.385

(d) Short-term provisions

9.281

7.153

0.000

Total Current Liabilities (4)

17154.617

18662.991

17073.404

 

 

 

 

TOTAL

19577.042

20834.795

19011.619

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

176.123

155.637

135.129

(ii) Intangible Assets

0.611

1.128

1.532

(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

67.556

53.069

63.892

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

244.450

192.385

100.566

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

488.740

402.219

301.119

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

1202.706

1498.031

1472.644

(c) Trade receivables

7578.275

7828.554

6635.386

(d) Cash and cash equivalents

9035.421

10364.246

9177.067

(e) Short-term loans and advances

1271.900

741.745

1409.456

(f) Other current assets

0.000

0.000

15.947

Total Current Assets

19088.302

20432.576

18710.500

 

 

 

 

TOTAL

19577.042

20834.795

19011.619

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

378.045

373.937

243.480

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

21.628

20.876

19.974

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

356.417

353.061

223.506

 

 

 

 

 

Less

TAX                                                                 

122.857

115.413

70.590

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX              

233.560

237.648

152.916

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

81.30

82.72

53.23

 

Expected Sales (2014-15): Rs. 30000.0000 Million

 

The above information has been parted by Mr. Justin (Deputy General Manager in Operation)

 

 

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) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.83

1.70

1.18

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.16

0.17

0.13

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

6.38

7.59

7.99

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.11

1.09

1.10

 

 

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

28.728

28.728

28.728

Reserves & Surplus

1754.454

1992.102

2225.662

Net worth

1783.182

2020.830

2254.390

 

 

 

 

long-term borrowings

120.818

118.847

138.738

Short term borrowings

14125.216

15222.467

14241.208

Total borrowings

14246.034

15341.314

14379.946

Debt/Equity ratio

7.989

7.592

6.379

 

 

 

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

Yes

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)

Yes

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

No

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

Yes

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

10515243

18/08/2014

700,000,000.00

INDIAN OVERSEAS BANK

MID CORPOATE BRANCH, SANGHI MANOR, 6/2, NEAR RANI
SATI GATE, Y N ROAD, INDORE-452003, MADHYA PRADESH, INDIA

C16628091

2

10189269

07/12/2009 *

1,471,500,000.00

UCO BANK

GRAM PIPLIAHANA BRANCH, TILAK NAGAR, INDORE-452018, MADH
YA PRADESH, INDIA

A76379858

3

10040828

29/04/2015 *

10,400,000,000.00

UCO BANK

GRAM PIPLIAHANA, TILAK NAGAR, INDORE-452003, MADHYA PRAD
ESH, INDIA

C52705399

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Intercorporate Borrowings

111.737

0.000

Deposits from shareholders

10.329

118.847

Total

122.066

118.847

 

 

FIXED ASSETS

 

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. 65.29

UK Pound

1

Rs. 99.31

Euro

1

Rs. 73.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

3

--RESERVES

1~10

8

--CREDIT LINES

1~10

8

--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

 

60

 

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.