MIRA INFORM REPORT

 

 

Report No. :

340821

Report Date :

12.09.2015

 

IDENTIFICATION DETAILS

 

Name :

ALL ARCH INDIA PRIVATE LIMITED (w.e.f. 03.03.2010)

 

 

Formerly known as :

ALL ARCH TRADING PRIVATE LIMITED

 

 

Registered Office :

Go-8 Ground Floor Suyog Indestat Premises Co-Operative Society Limited,  L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra

Tel. No.:

91-22-25782328

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

21.02.2005

 

 

Com. Reg. No.:

11-151466

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U51430MH2005PTC151466

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of dealing in Architectural Products, Hardware, Adhesive etc.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

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 established company having a satisfactory track record.

 

The rating takes into account of company decent financial risk profile backed by comfortable debt protection metrics and liquidity position.

 

The company reported moderate dip in revenue during FY-14 on account to reduction in its total revenue. However, the company has able to achieve above average profitability margin during the year under review.

 

The rating further derive strength on established track record and sound experience of the promoters in the industry.

 

Tarde relations are fair. Business is active. Payments are reported to be usually correct.

 

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.

 

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 DENIED BY

 

Name :

Mrs. Sanju

Designation :

Accounts Department

Contact No.:

91-22-25782328

Date :

11.09.2015

 

 

LOCATIONS

 

Registered Office :

Go-8 Ground Floor Suyog Indestat Premises Co-Operative Society Limited,  L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India

Tel. No.:

91-22-25782328 / 25779397 / 25770032

Fax No.:

91-22-25782328

E-Mail :

all_arch@rediffmail.com

accounts@allarchindia.com

info@allarchindia.com

Website :

www.allarchindia.com

 

 

DIRECTORS

 

AS ON 02.08.2014

 

Name :

Mr. Rakesh Sushilkumar Ghai

Designation :

Director

Address :

C-43, Room No. 160, Shiv Colony, Ulhasnagar, Thane – 421003, Maharashtra, India 

Date of Birth/Age :

28.02.1969

Date of Appointment :

21.02.2005

DIN No.:

00051792

 

 

Name :

Mrs. Priti Rakesh Ghai

Designation :

Director

Address :

C-43, Room No. 160, Shiv Colony, Ulhasnagar, Thane – 421003, Maharashtra, India 

Date of Birth/Age :

18.07.1973

Date of Appointment :

21.02.2005

DIN No.:

00151945

 

 

KEY EXECUTIVES

 

Name :

Mrs. Sanju

Designation :

Accounts Department

 

 

MAJOR SHAREHOLDERS

 

AS ON 02.08.2014

 

Names of Shareholders

 

No. of Shares

% of Holding

Rakesh Sushilkumar Ghai

6000

60.00

Priti Rakesh Ghai

4000

40.00

 

 

 

Total

10000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 02.08.2014

 

Category

 

Percentage

Directors or relatives of Directors

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of dealing in Architectural Products, Hardware, Adhesive etc.

 

 

Products :
  • Architectural Products
  • Hardware
  • Adhesive

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name :

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 :

Company Name :

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

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Banker Name :

Indian Overseas Bank

Branch :

Kalbadevi Road Branch, Chunilal Mehta Chambers, 15/17 Ovalwadi-Vithalwadi, Kalbadevi Road, Mumbai - 400002, 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 :

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan) :

Not Divulged

Account Operation :

Not Divulged

Remark :

Not Divulged

 

  • The Saraswat Co-Operative Bank Limited, Small And Medium Enterprise Branch, Prabhat Bhavan, Block B,96 LBS Marg, Vikhroli (West), Mumbai - 400083, Maharashtra, India

 

 

 

Facilities :

SECURED LOANS

31.03.2014

Rs. In Million

31.03.2013

Rs. In Million

Long Term Borrowings

 

 

Term Loan From Banks

 

 

I.O.B Vehicle Loan A/c.011103271100002

(Secured against hypothecation of Mahindra Van and personal guarantee of Directors)

(The Loan is repayable in 36 Equal Monthly Installment and Rate of Interest is ranging between13% to 15%)

0.029

0.140

Saraswat Co-Op Bank Term Loan A/c. SLB PUB/199

(Secured against hypothecation of Godown Premises and personal guarantee of Directors)

(The Loan is repayable in 60 Equal Monthly Installment and Rate of Interest is 15%)

0.000

0.949

Tata Capital Loan A/c.7000140383

(Secured against hypothecation of Motor Car and personal guarantee of Directors)

(The Loan is repayable in 60 Equal Monthly Installment and Rate of Interest is ranging between 13% to 15%)

0.308

0.516

HDFC Bank Car I-10 Loan A/c-27211480

(Secured against hypothecation of Motor Car and personal guarantee of Directors)

(The Loan is repayable in 36 Equal Monthly Installment and Rate of Interest is ranging between 9% to 11%)

0.353

0.000

 

 

 

Short Term Borrowings

 

 

Loan repayable on demand from banks

 

 

Indian Overseas Bank OD A/c No. 011102000006874

(Secured against Book Debts and Stock and personal guarantee of Directors)

24.813

23.446

 

 

 

Total

25.503

25.051

 

 

Auditors :

 

Name :

R.J. Luthia and Associates

Chartered Accountants

Address :

610/611, Parmeshwari Centre, Dalmia Estate, Above Galaxy Motors, Off LBS Marg, Mulund (West), Mumbai – 400080, Maharashtra, India

Tel. No.:

91-22-25641553 / 25694989

Fax No.:

91-22-25922236

E-Mail :

Info@rjl.co.in

PAN No.:

AAAPL1267C

 

 

Memberships :

Not Divulged

 

 

Collaborators :

Not Divulged

 

 

Associates :
  • Spectra Aluminium
  • Archintex
  • Archintex Architecturals Private Limited
  • Allarch Healthcare Technologies

 

 

 

 

 

 

CAPITAL STRUCTURE

 

AS ON 02.08.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs.10/- each

Rs.0.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs.0.100 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

0.100

0.100

0.100

(b) Reserves & Surplus

35.799

32.074

29.974

(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)

35.899

32.174

30.074

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.690

2.288

7.851

(b) Deferred tax liabilities (Net)

0.000

0.000

0.137

(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)

0.690

2.288

7.988

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

49.549

35.500

28.745

(b) Trade payables

16.705

13.609

17.407

(c) Other current liabilities

10.680

8.443

8.074

(d) Short-term provisions

0.257

0.570

0.169

Total Current Liabilities (4)

77.191

58.122

54.395

 

 

 

 

TOTAL

113.780

92.584

92.457

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.000

0.000

0.000

(ii) Intangible Assets

13.884

14.802

23.761

(iii) Capital work-in-progress

0.007

0.012

0.021

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.050

0.050

0.090

(c) Deferred tax assets (net)

0.323

0.358

0.000

(d)  Long-term Loan and Advances

0.838

0.836

0.857

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

15.102

16.058

24.729

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

36.346

22.285

17.089

(c) Trade receivables

54.876

47.198

46.200

(d) Cash and cash equivalents

4.477

4.917

3.115

(e) Short-term loans and advances

2.979

2.126

1.324

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

98.678

76.526

67.728

 

 

 

 

TOTAL

113.780

92.584

92.457

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

225.696

240.670

197.493

 

 

Other Income

0.267

(0.923)

0.247

 

 

TOTAL                                              (A)

225.963

239.747

197.740

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchase of Stock-in-trade

195.666

207.297

159.640

 

 

(Increase)/Decrease in Stock in Trade

(14.060)

(5.196)

6.146

 

 

Employee Benefits Expenses

8.843

8.450

7.305

 

 

Other Expenses

22.000

18.495

13.967

 

 

TOTAL                                              (B)

212.449

229.046

187.058

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

13.514

10.701

10.682

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

6.129

5.084

4.354

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

7.385

5.617

6.328

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

1.954

2.515

0.902

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX (E-F)                  (G)     

5.431

3.102

5.426

 

 

 

 

 

Less

TAX                                                                  (H)

1.696

1.002

1.610

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX (G-H)                    (I)

3.735

2.100

3.816

 

 

 

 

 

 

Earnings Per Share (Rs.)

373.53

210.07

381.56

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

2.249

3.036

2.540

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

PAT / Sales

(%)

1.65

0.87

1.93

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

5.99

4.45

5.41

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

4.79

3.37

5.88

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.15

0.10

0.18

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.46

1.27

1.30

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.28

1.32

1.25

 

 

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

0.100

0.100

0.100

Reserves & Surplus

29.974

32.074

35.799

Net worth

30.074

32.174

35.899

 

 

 

 

long-term borrowings

7.851

2.288

0.690

Short term borrowings

28.745

35.500

49.549

Current Maturities of Long term debt

2.540

3.036

2.249

Total borrowings

39.136

40.824

52.488

Debt/Equity ratio

1.301

1.269

1.462

 

 

 

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

Sales

197.493

240.670

225.696

 

 

21.863

(6.222)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Million

Rs. In Million

Rs. In Million

Sales

197.493

240.670

225.696

Profit

3.816

2.100

3.735

 

1.93%

0.87%

1.65%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

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

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

 

 

PERFORMANCE OF THE COMPANY

 

During the year subject has changed its strategy thereby reduced dealing in goods fetching low margin. This has resulted in to marginal reduction in turnover but improved overall profit. The gross receipt from operation stood at Rs.225.696 million (P.Y. 240.670 million). Subject has earned net profit to the tune of Rs.3.735 million (P.Y. Rs. 2.100 million) after provision for taxation Rs.1.696 million (P.Y. Rs.1.002 million). The director are hopeful of better performance in ensuing year.

 

 

UNSECURED LOANS:

 

Particulars

31.03.2014

Rs. In Million

31.03.2013

Rs. In Million

Long Term Borrowings

 

 

HDFC Bank Limited - Business Loan No. 23365844

(Repayable in 24 Equal Monthly Installments)

0.000

0.683

 

 

 

Short Term Borrowings

 

 

From Other Parties

 

 

Loan From Related Parties

7.183

2.309

From Other parties

 

 

Tata Capital Financial Services Limited Loan

No. CF/TA/RMUM/DOWCORNING/MUM/2201

(Against Unconditional and irrevocable personal guarantee of Directors having Floating interest of 13.25%p.a.)

17.553

9.745

 

 

 

Total

24.736

12.737

 

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10305260

29/07/2011

9,800,000.00

The Saraswat Co-Operative Bank Limited

Small And Medium Enterprise Branch, Prabhat Bhav
An, 96, LBS Marg, Vikhroli (West), Mumbai, Maharashtra - 400083, India

B20051512

2

10397862

15/06/2011

443,000.00

Indian Overseas Bank

Kalbadevi Road Branch, Chunilal Mehta Chambers, 15/17 Ovalwadi- Vithalwadi, Kalbadevi Road, Mumbai,
Maharashtra - 400002, India

B56228026

3

10282922

26/07/2012 *

27,000,000.00

Indian Overseas Bank

Kalbadevi Road Branch, Chunilal Mehta Chambers, 15/17 Ovalwadi- Vithalwadi, Kalbadevi Road, Mumbai,
Maharashtra - 400002, India

B56228802

4

10257882

06/12/2010

2,500,000.00

The Saraswat Co-Operative Bank Limited

Small And Medium Enterprises Branch, Prabhat Bhavan, Block B, 96 L.B.S. Marg, Opp. Cipla, Vikhroli (West), Mumbai, Maharashtra - 400083, India

B00550970

5

10237829

31/08/2010

2,500,000.00

The Saraswat Co-Operative Bank Ltd.

Small And Medium Enterprises Branch, Prabhat Bhavan, Block B, 1st Floor, 96, L B S Marg, Vikhroli (W), MUMBAI, Maharashtra - 400083, India

A93505709

6

80007176

15/04/2008 *

3,700,000.00

The Saraswat Co-Operative Bank Limited

Vikhroli (West) Branch, Chandan Mansion, Vikhroli, Mumbai, Maharashtra - 400083, India

A36977585

 

*Date of modification Charges

 

 

FIXED ASSETS:

 

·         Land and Building

·         Air Conditioner

·         Vacuum Cleaner

·         Water Cooler

·         Biometric Attendance System

·         Camera

·         Drum Lifting Trolley

·         Electric Water Motor

·         Electrical Installations

·         EPABX System

·         Fax Machine

·         Fire Extinguisher

·         Graco Hydramate 2 Part Pump

·         Invertor

·         Microwave Oven

·         Mobile Phone

·         Refrigerator

·         Television

·         UPS System

·         Computer

·         Printer

·         Motor Car

·         Mahindra Genio Delivery Van

·         Motor Bike

·         Furniture and Fixtures

·         Software

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No 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.66.39

UK Pound

1

Rs.102.59

Euro

1

Rs.74.90

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

NKT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

43

 

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.