MIRA INFORM REPORT

 

Report No. :

345232.2

Report Date :

27.10.2015

 

IDENTIFICATION DETAILS

 

Name :

A. A. NAYAK CONSTRUCTIONS PRIVATE LIMITED

 

 

Registered Office :

Room No. 25, New Municipal Building, Allias, Jobanputra, Jobanputra Compound, Nana Chowk, Grant Road (West), Mumbai – 400007, Maharashtra

Tel. No.:

91-22-24211990

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

20.06.2008

 

 

Com. Reg. No.:

11-183734

 

 

Capital Investment / Paid-up Capital :

Rs. 5.000 Million

 

 

CIN No.:

[Company Identification No.]

U45400MH2008PTC183734

 

 

IEC No.:

0309026369

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAHCA1573A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into construction Activities. 

 

 

No. of Employees :

45 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

 

Maximum Credit Limit :

USD 133000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Exist

 

 

Comments :

Subject was incorporated in the year 2008. It is engaged into construction activity.

 

For the FY 2014, the company has achieved decent sales turnover marked by satisfactory profit margin of 5.45%.

 

The company possesses adequate net worth base marked by decline in its borrowings and decent cash accruals but there is unfavorable gap between trade payables and receivables.

 

Trend relations are fair. Business is active. Payments are usually 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

 

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 :

Mr. Suresh Kumar

Designation :

Project Manager

Contact No.:

91-7676160789

 

 

Name :

Mr. Arvind Dongre

Designation :

General Manager

Contact No.:

91-9987594191

Date :

24.10.2015

 

 

LOCATIONS

 

Registered Office :

Room No. 25, New Municipal Building, Allias, Jobanputra, Jobanputra Compound, Nana Chowk, Grant Road (West), Mumbai – 400007, Maharashtra, India 

Tel. No.:

91-22-24211990/ 2386 8945/ 2389 4983/ 2380 8208

Mobile No.:

91-7676160789 (Mr. Suresh Kumar)

91-9987594191 (Mr. Arvind Dongre)

Fax No.:

91-22-24211990/ 2382 4319

E-Mail :

aanayak@vsnl.com

Website :

http://www.aanayak.com

 

 

Corporate Office :

314 and 315, 3rd Floor, Kaliandas Udyog Bhavan Premises Co-op. Society Limited, Near Century Bazaar, Prabhadevi, Mumbai - 400025. Maharashtra, India

Tel. No.:

91-22-2421-1990/ 91/ 92/ 93

Fax No.:

91-22-2421-1994

E-Mail :

info@aanayak.com

 

 

Branch Office :

7th Main, Chandra Building, 6th Cross, Om Shakti Layout, Garvebhavi Palya, Bangalore – 560068, Karnataka, India

Tel. No.:

91-80-40969595

 

 

DIRECTORS

 

AS ON 29.09.2014

 

Name :

Mrs. Nayanika Sunil Nayak

Designation :

Whole-Time Director

Address :

24, New Municipal Building, 3 Floor, Jobanputra Compound, Nana Chowk, Mumbai - 400007, Maharashtra, India

Date of Birth/Age :

25.11.1971

Date of Appointment :

01.04.2009

DIN No.:

01681615

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

U45200MH2000PTC125839

AQUA ALLIANCES (INDIA) PRIVATE LIMITED

Director

12/04/2000

12/04/2000

-

Active

NO

2

U51909MH2006PTC164564

GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED

Director

14/09/2006

14/09/2006

15/10/2007

Active

YES

3

U51900MH2007PTC174441

AQUA ALLIANCES MARKETING (INDIA) PRIVATE LIMITED

Director

24/09/2007

24/09/2007

-

Strike off

NO

4

U45202MH2007PTC175642

DIMENSION STRUCTURES PRIVATE LIMITED

Director

02/11/2007

02/11/2007

01/03/2008

Active

YES

5

U45400MH2008PTC183734

A.A. NAYAK CONSTRUCTIONS PRIVATE LIMITED

Whole-time director

01/04/2009

20/06/2008

-

Active

NO

6

U51109MH2008PTC187123

BLUE WORKS (INDIA) PRIVATE LIMITED

Director

30/04/2009

30/04/2009

-

Active

NO

7

U45209MH2013PTC250273

BLU WATERS CONSTRUCT PRIVATE LIMITED

Director

21/11/2013

21/11/2013

-

Active

NO

 

 

Name :

Mr. Sunil Padmakar Nayak

Designation :

Managing Director

Address :

CTS C-762, 601 Angel House Co-Operative Housing society, Kantwadi Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

15.09.1971

Date of Appointment :

01.12.2014

DIN No.:

00274465

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

Company/ LLP Status

Defaulting status

1

U45200MH2000PTC125839

AQUA ALLIANCES (INDIA) PRIVATE LIMITED

Director

12/04/2000

12/04/2000

Active

NO

2

U51909MH2006PTC164564

GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED

Director

14/09/2006

14/09/2006

Active

YES

3

U51900MH2007PTC174441

AQUA ALLIANCES MARKETING (INDIA) PRIVATE LIMITED

Director

24/09/2007

24/09/2007

Strike off

NO

4

U45202MH2007PTC175642

DIMENSION STRUCTURES PRIVATE LIMITED

Director

02/11/2007

02/11/2007

Active

YES

5

U45400MH2008PTC183734

A.A. NAYAK CONSTRUCTIONS PRIVATE LIMITED

Managing director

01/12/2014

20/06/2008

Active

NO

6

U51109MH2008PTC187123

BLUE WORKS (INDIA) PRIVATE LIMITED

Director

30/04/2009

30/04/2009

Active

NO

7

U45209MH2013PTC250273

BLU WATERS CONSTRUCT PRIVATE LIMITED

Director

21/11/2013

21/11/2013

Active

NO

 

KEY EXECUTIVES

 

Name :

Mr. Suresh Kumar

Designation :

Project Manager

 

 

Name :

Mr. Arvind Dongre

Designation :

General Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2014

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Sunil Padmakar Nayak

250000

50.00

Nayanika Sunil Nayak

250000

50.00

 

 

 

Total

 

500000

100.00

 

 

 

 

 

AS ON 29.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into Construction Activities.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

 

Products :

Water Proofing Chemical

Countries :

Singapore

 

 

Terms :

 

Selling :

Cheque, RTGS and Credit (60/ 90 Days)

 

 

Purchasing :

Cheque, RTGS and Credit (60/ 90 Days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

WR Grace and Company (India) Private Limited - Germany

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference:

Larsen and Toubro Limited – Mumbai, Maharashtra, India 

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

45 (Approximately)

 

 

Bankers :

Bank Name:

Kotak Mahindra Bank Limited

Branch:

Mumbai, 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 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

 

·         Syndicate Bank

167, Navyug Niwas, Opposite Minerva Cinema, Dr. D. B. Road, Lamington Road, Mumbai - 400007, Maharashtra, India

 

·         Standard Chartered Bank

SME credit, 23-25, M.G. Road, Fort, Mumbai – 400001, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

From Bank

1.837

2.389

 

 

 

SHORT TERM BORROWINGS

 

 

Loan Repayable on demand

 

 

From Bank

(Secured by hypothecation of stock, book debts and equitable mortgage of residential property is guarantee by directors) 

4.353

12.472

 

 

 

Total

 

6.190

14.861

 

Auditors :

 

Name :

R. Balasubramanian

Chartered Accountant

Address :

201, B-6, Radhika, Cosmopolitan Co-Operative Housing Society Limited, Sector 19-A, Nerul East, Navi Mumbai – 400706, Maharashtra, India

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

ACFPB2809K

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs. 10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500,000

Equity Shares

Rs. 10/- each

Rs. 5.000 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

5.000

5.000

5.000

(b) Reserves & Surplus

41.614

26.868

15.522

(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)

46.614

31.868

20.522

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

1.837

2.389

4.508

(b) Deferred tax liabilities (Net)

0.000

0.000

0.009

(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)

1.837

2.389

4.517

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4.353

12.472

0.000

(b) Trade payables

71.122

60.903

97.153

(c) Other current liabilities

33.678

42.203

23.644

(d) Short-term provisions

29.103

34.656

11.122

Total Current Liabilities (4)

138.256

150.234

131.919

 

 

 

 

TOTAL

186.707

184.491

156.958

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.350

10.089

4.309

(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)

2.147

3.465

1.373

(d)  Long-term Loan and Advances

80.656

85.873

34.031

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

91.153

99.427

39.713

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

12.089

20.824

0.000

(b) Inventories

12.326

13.384

20.054

(c) Trade receivables

59.758

40.751

55.457

(d) Cash and cash equivalents

8.568

9.317

3.308

(e) Short-term loans and advances

0.339

0.626

38.393

(f) Other current assets

2.494

0.162

0.033

Total Current Assets

95.574

85.064

117.245

 

 

 

 

TOTAL

186.727

184.491

156.958

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

317.718

359.870

244.437

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

295.011

337.271

230.132

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

22.707

22.599

14.305

 

 

 

 

 

Less

TAX                                                     

5.622

8.929

7.717

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

17.085

13.670

6.588

 

 

 

 

 

 

Earnings Per Share (Rs.)

34.17

27.34

13.18

 

 

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 Operations

NA

NA

NA

 

 

 

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

12.30

12.48

9.19

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.49

0.71

0.70

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.13

0.47

0.22

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.69

0.57

0.89

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

5.000

5.000

5.000

Reserves & Surplus

15.522

26.868

41.614

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

20.522

31.868

46.614

 

 

 

 

Long-term borrowings

4.508

2.389

1.837

Short term borrowings

0.000

12.472

4.353

Total borrowings

4.508

14.861

6.190

Debt/Equity ratio

0.220

0.466

0.133

 

 

 

 

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

244.437

359.870

317.718

 

 

47.224

(11.713)

 

 

 

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

244.437

359.870

317.718

Profit

6.588

13.670

17.085

 

2.70%

3.80%

5.38%

 

 

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

No

18

Major suppliers

Yes

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

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

LITIGATIONS DETAILS

 

HIGH COURT OF BOMBAY

 

CASE DETAILS

BENCH: BOMBAY

LODGING NO: SSL/1290/2012 FILING DATE: 10.05.2012     REG. NO.: SS/1309/2012 REG. DATE: 14.06.2012    

PETITIONER: PRATIK H. SHETH              RESPONDENT: A.A. NAYAK CONSTRUCTIONS PRIVATE LIMITED                         PETN. ADV: LEGAL SPECTRUM (0)          RESP. ADV. : REENA SALUNKHE (0)          

DISTRICT: MUMBAI

BENCH: SINGLE

STATUS: TRANSFERRED                             CATEGORY: MONETARY SUITS

TRANSFER DATE: 03.10.2012                       REMARK: TRANSFERRED TO CITY CIVIL COURT

ACT: Code of Civil Procedure 1908        

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10574426

07/06/2015

30,000,000.00

KOTAK MAHINDRA BANK LIMITED

27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA, INDIA

C56173909

2

10346237

20/09/2014 *

45,000,000.00

SYNDICATE BANK

167, NAVYUG NIWAS, OPP. MINERVA CINEMA, DR. D. B. ROAD, LAMINGTON ROAD, MUMBAI - 400007, MAHARASHTRA, INDIA

C28951101

3

10262859

24/12/2010

20,000,000.00

STANDARD CHARTERED BANK

SME CREDIT, 23-25, M G ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA

B03592094

 

* Date of charge modification

 

 

OPERATIONS:

 

The company has earned total income of Rs. 317.718 Million during the year which includes Rs. 313.241 Million from the main business activity and has recorded a net profit Rs. 17.085 Million after making provisions for current tax Rs. 4.939 Million, deferred tax Rs. 1.317 Million and provision for dividend Rs. 2.000 Million.

 

 

FIXED ASSETS:

 

·         Plant and Equipment

·         Office Equipment

·         Furniture and Fixtures\Vehicles

·         Computer

·         Air Conditioners

 

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.64.96

UK Pound

1

Rs.99.55

Euro

1

Rs.71.64

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

AMR

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

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

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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.