MIRA INFORM REPORT

 

 

Report No. :

346157

Report Date :

24.10.2015

 

IDENTIFICATION DETAILS

 

Name :

MURZELLO METAL FINISH SYSTEMS PRIVATE LIMITED

 

 

Registered Office :

1, Lalit Prakash, 20, Perry Cross Road, Bandra (West), Mumbai - 400050, Maharashtra

Tel. No.:

91-22-25252629/25250031

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.08.1992

 

 

Com. Reg. No.:

11-068119

 

 

Capital Investment / Paid-up Capital :

Rs. 3.360 Million

 

 

CIN No.:

[Company Identification No.]

U27200MH1992PTC068119

 

 

IEC No.:

0394065310

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACM5118Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in design, manufacture, supply, erection and commissioning various surface technology systems for blasting/Painting.

 

 

No. of Employees :

15 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1992 having satisfactory track.

 

Profit of the company has slightly declined during FY 2014.

 

However, the company possesses aN above average financial risk profile marked by healthy networth base and decent liquidity position of the company.

 

Further, the rating also takes into consideration favorable gap between trade payables and trade receivables.

 

Trade relations are reported as fair. Business is active. Payment terms are reported as usually correct and as per commitments.

 

In view of long track record and acceptable financial base, the company can be considered normal 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 (GENERAL DETAILS)

 

Name :

Mrs. Fernandez

Designation :

Export-Import Department

Contact No.:

91-22-25250031

Date :

20.10.2015

 

 

LOCATIONS

 

Registered Office/Factory :

1, Lalit Prakash, 20, Perry Cross Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Tel. No.:

Not Available 

Fax No.:

Not Available 

E-Mail :

accounts@murzello.com

murzello@vsnl.com

Website :

http://www.murzello.com

 

 

Mumbai Head Office :

102, Raji Commercial Complex, P.L. Lokhande Marg, Chembur (West) Mumbai - 400089, Maharashtra, India

Tel. No.:

91-22-25252629/25250031

Fax No.:

91-22-25251682

 

 

U.A.E. Branch Office:

A – 1, Ajman Free Zone New Building 6th floor, 609 Post Box No 21078 Ajman, U.A.E. 

 

 

Tell No.:

+00971-6-7471527

Fax: 

+00971-6-7471528

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Albert Francis Walter Dmello

Designation :

Director

Address :

10, Rajan, Off Carter Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

15.11.1952

Date of Appointment :

11.08.1992

DIN No.:

00358536

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

U27200MH1992PTC068119

MURZELLO METAL FINISH SYSTEMS PRIVATE LIMITED

Director

11/08/1992

11/08/1992

-

Active

NO

2

U63090MH1993PTC074881

ANDERSON TRAVELS PRIVATE LIMITED

Director

05/11/2008

05/11/2008

-

Active

NO

3

U28920MH2004PTC144114

WOODALL INDIA PRIVATE LIMITED

Director

30/09/2013

02/08/2013

-

Active

NO

 

 

Name :

Mrs.Vanessa Ann Murzello Dsouza

Designation :

Director

Address :

B-2, Nirmala Colony, St. John Baptist Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

28.09.1972

Date of Appointment :

30.09.2013

DIN No.:

00391023

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

U74210MH1998PTC113911

MURZELLO ENGINEERING SERVICES PRIVATE LIMITED

Director

10/03/1998

10/03/1998

-

Active

NO

2

U28900MH2000PTC124106

MURZELLO FERREIRA HIGHGRADE CONSULTANTS AND ENGINEERING PRIVATE LIMITED

Director

14/06/2002

14/06/2002

-

Active

NO

3

U28920MH2004PTC144114

WOODALL INDIA PRIVATE LIMITED

Director

30/09/2013

29/06/2013

-

Active

NO

4

U27200MH1992PTC068119

MURZELLO METAL FINISH SYSTEMS PRIVATE LIMITED

Director

30/09/2013

02/08/2013

-

Active

NO

5

U74999MH2005PTC217725

REITER INDIA FINISHING SYSTEMS PRIVATE LIMITED

Director

30/09/2015

15/07/2015

-

Active

NO

 

 

Name :

Mr. Nikolai Savio Rex Murzello

Designation :

Director

Address :

1, Lalit Prakash, 20, Perry Cross Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

01.09.1971

Date of Appointment :

30.09.2014

DIN No.:

00358616

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

U74210MH1998PTC113911

MURZELLO ENGINEERING SERVICES PRIVATE LIMITED

Director

10/03/1998

10/03/1998

-

Active

NO

2

U74999MH2005PTC217725

REITER INDIA FINISHING SYSTEMS PRIVATE LIMITED

Director

30/09/2013

29/06/2013

-

Active

NO

3

U28900MH2000PTC124106

MURZELLO FERREIRA HIGHGRADE CONSULTANTS AND ENGINEERING PRIVATE LIMITED

Director

30/09/2013

02/08/2013

-

Active

NO

4

U27200MH1992PTC068119

MURZELLO METAL FINISH SYSTEMS PRIVATE LIMITED

Director

30/09/2014

31/03/2014

-

Active

NO

 

 

 

 

 

 

KEY EXECUTIVES

 

Name :

Mrs. Fernandez

Designation :

Export-Import Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Albert Francis Walter Dmello

33600

25.00

Nikolai Savio Rex Murzello

33600

25.00

Vanessa Ann Murzello Dsouza

33600

25.00

Velvet Rose Rex Murzello

33600

25.00

 

 

 

Total

336000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

80.00

Other top fifty shareholders

20.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in design, manufacture, supply, erection and commissioning various surface technology systems for blasting/Painting.

 

 

Products :

Not Available

 

 

Brand Names :
  • Graco
  • Tiger
  • Rhino
  • Aero Therm
  • Seco
  • Ashoka

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • United Arab Emirates
  • Saudi Arabia

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

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 :

End Users

  • Reliance Industries
  • Tata International
  • Rasana
  • Thermax
  • Global Suhami Company
  • Atlas

 

 

No. of Employees :

15 (Approximately) 

 

 

Bankers :

Bank Name

Bank of Maharashtra

Branch

Chembur Branch 71- E M.D.S. Marg, Near Railway Station, Chembur, Mumbai - 400071, 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 :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From Bank term Loan (Bank of Maharashtra)

4.852

6.048

From Other Parties

0.426

1.512

Secured Car Loan

3.899

0.000

Bills Discounting

1.015

0.000

 

 

 

SHORT TERM BORROWING

 

 

Loans repayable on demand - Banks

0.000

6.633

 

 

 

Total

10.192

14.193

 

 

 

Auditors :

 

Name :

M.H. Dalal and Associates

Chartered Accountants

Address :

301/308, Balaji Darshar, Tilak Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Tel. No.:

91-22-26494807

Fax No.:

91-22-26490862

E-Mail :

mhdalal@gmail.com

Website:

www.dallagroups.in

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

AAGFM5000Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Group Companies  :
  • Murzello Engineering Services Private Limited
  • Murzello Ferreira Higrade Consultant and Engineering Private Limited
  • Reiter India Finishing Systems Private Limited
  • Woodall India Private Limited

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs. 5.000Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

336000

Equity Shares

Rs.10/- each

Rs. 3.360 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

3.360

3.360

3.360

(b) Reserves & Surplus

38.750

36.377

31.533

(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)

42.110

39.737

34.893

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

10.192

7.560

30.528

(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)

10.192

7.560

30.528

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

14.992

17.733

9.920

(b) Trade payables

18.208

27.273

22.084

(c) Other current liabilities

1.858

3.650

27.220

(d) Short-term provisions

1.949

1.252

3.192

Total Current Liabilities (4)

37.007

49.908

62.416

 

 

 

 

TOTAL

89.309

97.205

127.837

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.239

4.713

3.560

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.236

0.192

0.152

(d)  Long-term Loan and Advances

1.751

0.081

0.538

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

5.226

4.986

4.250

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4.436

13.089

29.198

(c) Trade receivables

23.044

34.902

38.663

(d) Cash and cash equivalents

14.987

12.694

30.388

(e) Short-term loans and advances

41.616

31.534

25.338

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

84.083

92.219

123.587

 

 

 

 

TOTAL

89.309

97.205

127.837

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

TOTAL SALES

N.A

N.A

N.A

 

 

 

 

 

Less

TOTAL EXPENSES

 N.A

 N.A

 N.A

 

 

 

 

 

Less

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

6.931

14.150

10.504

 

 

 

 

 

Less

FINANCIAL EXPENSES

2.664

6.213

3.319

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

4.267

7.937

7.185

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.724

0.936

0.386

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.543

7.001

6.799

 

 

 

 

 

Less

TAX

1.166

2.157

2.075

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.377

4.844

4.724

 

 

 

 

 

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 52.962

 N.A

N.A 

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7.07

14.41

14.051

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

N.A 

N.A 

N.A 

Cash generated from operations

N.A 

N.A 

N.A 

Net cash flow from operating activity

N.A 

N.A 

N.A 

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.98

7.22

5.32

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.18

0.19

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.60

0.64

1.16

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.27

1.85

1.98

 

 

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

3.360

3.360

3.360

Reserves & Surplus

31.533

36.377

38.750

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

34.893

39.737

42.110

 

 

 

 

long-term borrowings

30.528

7.560

10.192

Short term borrowings

9.920

17.733

14.992

Total borrowings

40.448

25.293

25.184

Debt/Equity ratio

1.159

0.637

0.598

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

Yes

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

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Loans and Advances from related parties

14.992

11.100

 

 

 

Total

14.992

11.100

 

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10095919

07/09/2010 *

47,000,000.00

BANK OF MAHARASHTRA

CHEMBUR BRANCH 71- E M.D.S. MARG,, NEAR RLY STATION, CHEMBUR, MUMBAI- 400071, MAHARASHTRA, INDIA

A95488789

2

10095920

24/09/2010 *

47,000,000.00

BANK OF MAHARASHTRA

CHEMBUR BRANCH 71E M.D.S. MARG,, NEAR RLY STATION 
, CHEMBUR, MUMBAI- 400071, MAHARASHTRA, INDIA

A95490231

3

90376377

07/10/1999

500,000.00

CANARA BANK

SADAR BAZAR, NAGPUR, MAHARASHTRA, INDIA

-

4

90376109

21/07/1997

1,500,000.00

MAHARASHTRA STATE FINANCIAL CORPORATION

A.K. NAYAK MARG, MUMBAI, MAHARASHTRA, INDIA

-

5

90376019

12/02/1997

200,000.00

BANK OF MAHARSHTRA

PANCHPAKHADI, THANE, MAHARASHTRA, INDIA

-

6

90376010

15/01/1997

2,900,000.00

THE NASHIK MERCHANTS CO- OP. BANK LIMITED

DHANVARDHINI BRANCH, NASHIK, MAHARASHTRA, INDIA

-

7

90375988

04/05/1999 *

7,500,000.00

DEVELOPMENT CREDIT BANK LIMITED

BANDRA BRANCH, MUMBAI, MAHARASHTRA, INDIA

-

8

90375781

16/05/1995

200,000.00

CANARA BANK

VIKAROLI BRANCH, SMUMBAI, MAHARASHTRA, INDIA

-

9

90375757

15/03/1995

1,950,000.00

STATE BANK OF INDIA

VAZIRABAD BRANCH, NANDAD, MAHARASHTRA, INDIA

-

10

90375748

24/02/1995

3,000,000.00

STATE BANK OF INDIA

NANDAD BRANCH, NANDAD, MAHARASHTRA, INDIA

-

 

 

 

FIXED ASSETS

 

  • Building
  • Office Equipment
  • Computer
  • Plant and Machinery
  • Motor Vehicle
  • Furniture and Fixture
  • Patent and Trademark

 

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.64.89

UK Pound

1

Rs.100.39

Euro

1

Rs.73.52

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

RKI

 

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

4

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--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.