MIRA INFORM REPORT

 

 

Report No. :

346259

Report Date :

26.10.2015

 

IDENTIFICATION DETAILS

 

Name :

JOHN CRANE SEALING SYSTEMS INDIA PRIVATE LIMITED (w.e.f. 12.09.2003)

 

 

Formerly Known As :

JOHN CRANE SELOL (INDIA) PRIVATE LIMITED (w.e.f. 12.06.2003)

 

JOHN CRANE SEALOL (INDIA) LIMITED (w.e.f. 13.01.1999)

 

JOHN CRANE ENGINEERED SEALING SYSTEMS LIMITED 

 

 

Registered Office :

No. 1, Ground Floor, Casa Blanca No. 6, Casa Major Road, Egmore, Chennai – 600008, Tamilnadu

Tel. No.:

91-44-28191271

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

24.05.1995

 

 

Com. Reg. No.:

18-031516

 

 

Capital Investment / Paid-up Capital :

Rs. 75.000 Million

 

 

CIN No.:

[Company Identification No.]

U28991TN1995PTC031516

 

 

IEC No.:

0495021920

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEJ02016A

 

 

PAN No.:

[Permanent Account No.]

AAACJ2131J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of manufacturing and trading of Mechanical Seals, Couplings and Surge Suppressors and providing Computer Aided Design based design and drawing services.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (60)

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated on 24th May, 1995. It is engaged into business of manufacturing and trading of mechanical seals, couplings and surge suppressors and providing computer aided design and drawing services. It has fine track record.

 

The company is operating on its owned funds. Further, it possesses a healthy financial risk profile marked by decent networth base along with fair liquidity and profitability.

 

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

 

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 DENIED BY

 

Name :

Mr. Anoop Kumar

Designation :

Sales Head

Contact No.:

91-9873736222

Date :

21.10.2015

 

 

LOCATIONS

 

Registered Office :

No. 1, Ground Floor, Casa Blanca No. 6, Casa Major Road, Egmore, Chennai – 600008, Tamilnadu, India

Tel. No.:

91-44-28191271

Fax No.:

91-44-28191273

E-Mail :

Srinivasan.Venkataraman@johncrane.co.uk

Johncraneindia@vsnl.net

Website :

http://www.johncrane.co.uk

 

 

Manufacturing unit :

Located at :

  • Bangalore

 

 

Sales office :

707, Hemkunt Towers, 98 Nehru Place, New Delhi-110019, India

 

 

Other Sales offices :

Located at :

 

  • Kolkata
  • Pune
  • Bangalore
  • Chennai
  • Mumbai
  • Baroda

 

 

DIRECTORS

 

As on 31.03.2015

 

Name :

Mr. Rajeev Atmaram Patwardhan

Designation :

Director

Address :

B-3/12, Ronwal Nagar, Near Pratap Talies, Thane – 400601, Maharashtra, India

Date of Birth/Age :

26.11.1960

Date of Appointment :

30.09.2011

PAN No.:

AEXPP4140F

DIN No.:

03645070

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

U05190KA2002PTC030994

JOHN CRANE FLEXIBOX (INDIA) PRIVATE LIMITED

Director

30/09/2011

26/09/2011

-

Active

NO

2

U28991TN1995PTC031516

JOHN CRANE SEALING SYSTEMS INDIA PRIVATE LIMITED

Director

30/09/2011

26/09/2011

-

Active

NO

 

 

Name :

See Keh Hin

Designation :

Director

Address :

Block 52, HME Avenue, #08-09, Singapore, 596230, Singapore  

Date of Birth/Age :

28.07.1962

Date of Appointment :

29.01.2008

DIN No.:

06550842

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

U05190KA2002PTC030994

JOHN CRANE FLEXIBOX (INDIA) PRIVATE LIMITED

Director

29/01/2008

29/01/2008

-

Active

NO

2

U28991TN1995PTC031516

JOHN CRANE SEALING SYSTEMS INDIA PRIVATE LIMITED

Director

29/01/2008

29/01/2008

-

Active

NO

 

 

Name :

Mr. Venkataraman Srinivasan

Designation :

Director

Address :

301, Sai Samhita Apts Nandanavavam Layout, Vidyaranmapura, Bangalore – 560097, Karnataka, India

Date of Birth/Age :

15.04.1957

Date of Appointment :

30.04.2007

PAN No.:

AAJPS6513R

DIN No.:

02072457

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

U28991TN1995PTC031516

JOHN CRANE SEALING SYSTEMS INDIA PRIVATE LIMITED

Director

30/04/2007

19/04/2007

-

Active

NO

2

U05190KA2002PTC030994

JOHN CRANE FLEXIBOX (INDIA) PRIVATE LIMITED

Nominee director

19/04/2007

19/04/2007

-

Active

NO

 

 

Name :

Byron Julian Paul

Designation :

Additional director

Address :

23, Claymore Road, #25-03, The Tate Residences, Singapore, 229546, Singapore

Date of Appointment :

18.12.2014

DIN No.:

07005186

 

 

KEY EXECUTIVES

 

Name :

Mr. Anoop Kumar

Designation :

Sales Head

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2014

 

Names of Shareholders

 

No. of Shares

Smiths Group Holdings Netherlands BV, Netherlands 

 

7499960

Rajeev A Patwardhan

 

40

Total

 

7500000

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 26.09.2014

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of manufacturing and trading of Mechanical Seals, Couplings and Surge Suppressors and providing Computer Aided Design based design and drawing services.

 

 

Products :

Item Code No.

Product Description

84836090

Couplings and Parts

84842000

Mechanical seals

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour

Market Goodwill

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name

The Hongkong and Shanghai Banking Corporation Limited

Branch

No.30, Rajaji Salai, Chennai – 600001, Tamilnadu, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Short-term borrowings

 

 

Borrowing from foreign companies

0.000

5.000

Total

0.000

5.000

 

Auditors :

 

Name :

Lovelock and Lewes

Chartered Accountants

Address :

5th Floor, Tower'd', The Millenia, 1 and 2, Murphy Road, Bangalore-560008, Karnatka, India 

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

AABFL5878L

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding company :

·         Smith Group Holdings (Netherlands) B.V., Netherlands

 

 

Fellow Subsidiary

Companies :

·         Indufill Bv, United States of America

·         John Crane France SAS, France

·         John Crane GMBH, Germany

·         John Crane Inc, United States of America

·         John Crane Ireland

·         John Crane Japan Inc, Japan

·         John Crane Korea Company Limited, Korea , Democratic People's Republic of

·         John Crane Middle East Fze, United Arab Emirates

·         John Crane Sigma A.S., Australia

·         John Crane Singapore Pte Limited, Singapore

·         John Crane Sverige AB (Sweden)

·         John Crane Technology Tianjin Company, China

·         John Crane UK Limited, United Kingdom

·         Flexibox Japan KK, Japan

·         Industrias John Crane De Mexico, Mexico

·         John Crane (Pty) Limited, South Africa

·         John Crane (Thailand) Limited, Thailand

·         John Crane Argentina S. A, Argentina

·         John Crane Australia Pty Limited, Australia

·         John Crane Canada Inc, Canada

·         John Crane Chile S A, Chile

·         John Crane Columbia S.A., Columbia

·         John Crane Egypt Sealing Solutions Limited, Egypt

·         John Crane Kuwait, Kuwait

·         John Crane Saudi Arabia Limited, Saudi Arabia

·         John Crane Holland Bv, Netherlands

·         John Crane Indonesia Pt, Indonesia

·         John Crane Taiwan Company Limited, Taiwan, Province of China

·         John Crane Venezuela C.A, Venezuela, Bolivarian Republic of

·         John Crane-Russia,

·         Smiths Brasil Limited, Brazil

·         Smiths Detection Veecon Systems Private Limited

·         CIN No.: U74900DL2010PTC203881

·         STS Titeflex India Private Limited

·         CIN No.: U27209KA2007FTC044524

·         John Crane Bearing Technology Gmbh, Germany

·         John Crane Iberica SA, Spain

·         John Crane Italia Spa, Italy

·         John Crane Safematic Oy, Finland

·         John Crane Endust Sizdirmazlik, Turkey

 

 

CAPITAL STRUCTURE

 

As on 26.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

7,500,000

Equity Shares

Rs.10/- each

Rs. 75.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

7,500,000

Equity Shares

Rs.10/- each

Rs. 75.000 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

75.000

75.000

75.000

(b) Reserves & Surplus

746.478

553.877

368.178

(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)

821.478

628.877

443.178

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

69.985

(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

22.128

20.398

23.234

Total Non-current Liabilities (3)

22.128

20.398

93.219

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

5.000

5.000

(b) Trade payables

151.853

151.288

128.617

(c) Other current liabilities

75.476

152.101

378.978

(d) Short-term provisions

48.082

87.575

58.794

Total Current Liabilities (4)

275.411

395.964

571.389

 

 

 

 

TOTAL

1119.017

1045.239

1107.786

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

209.189

232.419

265.047

(ii) Intangible Assets

0.257

0.364

1.033

(iii) Capital work-in-progress

3.141

2.039

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)

41.478

43.097

39.945

(d)  Long-term Loan and Advances

253.127

176.915

79.797

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

507.192

454.834

385.822

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

138.994

168.227

140.395

(c) Trade receivables

305.867

265.158

240.130

(d) Cash and cash equivalents

53.585

13.070

216.374

(e) Short-term loans and advances

100.437

123.622

24.172

(f) Other current assets

12.942

20.328

100.893

Total Current Assets

611.825

590.405

721.964

 

 

 

 

TOTAL

1119.017

1045.239

1107.786

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

 

 

Other Income

 

 

 

 

 

TOTAL                                    

1395.833

1465.938

1262.637

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

1125.938

1185.890

1087.837

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

269.895

280.048

174.800

 

 

 

 

 

Less

TAX

77.297

94.349

50.700

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

192.598

185.699

124.100

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

545.459

359.760

235.660

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

738.057

545.459

359.760

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

931.295

814.410

NA

 

TOTAL EARNINGS

931.295

814.410

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

25.67

24.75

16.54

 

 


 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.000

74.182

188.668

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operation

281.546

226.546

241.570

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Total Income)

(%)

13.80

12.67

9.83

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

25.12

28.00

16.37

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.33

0.45

0.39

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.13

0.59

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.22

1.49

1.26

 

 

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

75.000

75.000

75.000

Reserves & Surplus

368.178

553.877

746.478

Net worth

443.178

628.877

821.478

 

 

 

 

long-term borrowings

69.985

0.000

0.000

Short term borrowings

5.000

5.000

0.000

Current maturities of long-term debts

188.668

74.182

0.000

Total borrowings

263.653

79.182

0.000

Debt/Equity ratio

0.595

0.126

0.000

 

 

 

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

1262.637

1465.938

1395.833

 

 

16.101

(4.782)

 

 

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

1262.637

1465.938

1395.833

Profit

124.100

185.699

192.598

 

9.83%

12.67%

13.80%

 

 

 

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)

No

16]

No. of employees

No

17]

Details of sister concerns

Yes

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

Yes

26]

Turnover of firm for last three years

Yes

27]

Reasons for variation <> 20%

--

28]

Estimation for coming financial year

No

29]

Profitability for last three years

Yes

30]

Major shareholders, if available

Yes

31]

External Agency Rating, if available

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

 

NOTE: Registered office of the company has been shifted from No.16, Old Mahabalipuram Road, Karapakkam, Chennai-600008, Tamilnadu, India to the present address w.e.f. 12.08.2004

 

 

INDEX OF CHARGES : NO CHARGES EXIST FOR COMPANY 

 

 

FIXED ASSETS

 

  • Buildings
  • Plant and Machinery
  • Furniture and Fixtures
  • Computers
  • Office Equipments
  • Vehicles

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.64.88

UK Pound

1

Rs.99.88

Euro

1

Rs.72.06

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

JYTK


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

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.