MIRA INFORM REPORT

Report No. :	340520
Report Date :	15.09.2015

IDENTIFICATION DETAILS

Name :	SUPREME COATED BOARD MILLS PRIVATE LIMITED (w.e.f. 26.03.2010)

Formerly Known As :	SUPREME DUPLEX BOARD MILLS PRIVATE LIMITED

Registered Office :	Plot No. 30, Ground Floor, RCC Building, New Star City, Payasambakkam, Chennai – 600052, Tamilnadu
Tel. No.:	91-9442133319 (Mr. Ranga Rajan)

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	30.06.2003

Com. Reg. No.:	18-051112

Capital Investment / Paid-up Capital :	Rs.92.500 Million

CIN No.: [Company Identification No.]	U21022TN2003PTC051112

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAICS0080K

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Duplex boxes.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ca (19)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company incorporated in the year 2003 having a moderate track record. Management of the company has not filed its financial with the government department after the year 2012. Mr. Ranga Rajan (Marketing Manager) denied to part any information about the company. As per available financial of 2012, borrowings of the company has increased. As per registrar of companies the status of the company is shown as active. Payment terms are unknown. In view absence of latest financial, the company can be considered for business dealings on a secured 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

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	CRISIL
Rating	Long term rating = D
Rating Explanation	The company is in default or expected to be in default soon.
Date	December 12, 2014

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. Ranga Rajan
Designation :	Marketing Manager
Contact No.:	91-9442133319
Date :	09.09.2015

LOCATIONS

Registered Office :	Plot No. 30, Ground Floor, RCC Building, New Star City, Payasambakkam, Chennai – 600052, Tamilnadu, India
Tel. No.:	Not Available
Mobile No.:	91-9442133319 (Mr. Ranga Rajan)
Fax No.:	Not Available
E-Mail :	Kannansupreme45@gmail.com sales@scbmpl.com sales@supremegroups.org supremegroupcompanies@gmail.com info@maharjca.com
Website :	www.scbmpl.com

Factory :	Serial No.330,328/2,326,327,328/1 and 329 Vembakottai Village, Sivakasi – 626131, Tamilnadu, India

DIRECTORS

As on 29.09.2012

Name :

Kaliappa Nadar Mariappan

Designation :

Director

Address :

12H / 3. A V T Pudur Street, Sivakasi - 626123, Tamilnadu, India

Date of Appointment :

30.06.2003

DIN No.:

00156566

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	U65933TN1996PTC036419	SUPREME POLYPACKS PRIVATE LIMITED	Director	28/08/1996	28/08/1996	-	Active	NO
2	U30006TN1996PTC036585	SUPREME FORMS PRIVATE LIMITED	Director	19/09/1996	19/09/1996	-	Active	NO
3	U21022TN2003PTC051112	SUPREME COATED BOARD MILLS PRIVATE LIMITED	Director	30/06/2003	30/06/2003	-	Active	NO

Name :

Mariappan Thangeswari

Designation :

Director

Address :

12H / 3, A V T Pudur Street, Sivakasi - 626123, Tamilnadu, India

Date of Appointment :

30.06.2003

DIN No.:

00156610

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	U65933TN1996PTC036419	SUPREME POLYPACKS PRIVATE LIMITED	Director	28/08/1996	28/08/1996	-	Active	NO
2	U30006TN1996PTC036585	SUPREME FORMS PRIVATE LIMITED	Director	19/09/1996	19/09/1996	-	Active	NO
3	U21022TN2003PTC051112	SUPREME COATED BOARD MILLS PRIVATE LIMITED	Director	30/06/2003	30/06/2003	-	Active	NO

Name :

Kaliappa Nadar Kannan

Designation :

Director

Address :

508A, Gnanagiri Road, Sivakasi - 626123, Tamilnadu, India

Date of Appointment :

30.06.2003

DIN No.:

00175959

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	U65933TN1996PTC036419	SUPREME POLYPACKS PRIVATE LIMITED	Director	28/08/1996	28/08/1996	-	Active	NO
2	U30006TN1996PTC036585	SUPREME FORMS PRIVATE LIMITED	Director	19/09/1997	19/09/1997	-	Active	NO
3	U21022TN2003PTC051112	SUPREME COATED BOARD MILLS PRIVATE LIMITED	Director	30/06/2003	30/06/2003	-	Active	NO

Name :

Kaliappa Nadar Kumaresan

Designation :

Director

Address :

157 (Old No. 24A), A V T Padasalai Street, Sivakasi - 626123, Tamilnadu, India

Date of Appointment :

30.06.2003

DIN No.:

00175988

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	U65933TN1996PTC036419	SUPREME POLYPACKS PRIVATE LIMITED	Director	28/08/1996	28/08/1996	-	Active	NO
2	U30006TN1996PTC036585	SUPREME FORMS PRIVATE LIMITED	Director	19/09/1997	19/09/1997	-	Active	NO
3	U21022TN2003PTC051112	SUPREME COATED BOARD MILLS PRIVATE LIMITED	Director	30/06/2003	30/06/2003	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ranga Rajan
Designation :	Marketing Manager

MAJOR SHAREHOLDERS

As on 29.09.2012

Names of Shareholders		No. of Shares
M. Thangeswari		438150
K. Mariappan		59900
K. Kannan		31790
K. Shankar		27675
K. Kumaresan		28195
Supreme Polypacks Private Limited		96000
Supreme Forms Private Limited		129000
S. Mariappan		750
M. Sakthinath		12260
K. Kalaiselvi		17295
C. Anandha Babu		3300
M. DhanaLakshmi		8680
S. Nellaimathi		12180
K. Rathinam Ammal		6400
K. Ravindran		850
M. Sakthisree		21930
M. Parasakthi		450
T. K. Manoharan		9385
K. Rajeswari		12600
S. Rajamani		3000
N. Kamaraj		400
R. Pandiyarajan		560
S. Kalirajan		250
M. Sakthiraj		3000
S. Malarpriya		1000
Total		925000

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Duplex boxes.

Products :

Product Description	Item Code No. (ITC Code)
Paper Board	48101330

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Bank of Baroda
Branch Address	403/14H, Ayyan Complex, Opposite to Sivakasi Bus Stand, Sivakasi – 626123, 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

IDBI Bank Limited, LIC Building, 1st Floor, No.3, West Marret Street, Madurai - 625001, Tamilnadu, India

City Union Bank Limited, 13, Chairman NPSN Arumugam Road, Sivakasi - 626123, Tamilnadu, India

Bank of India, 4th Floor, "Tarapore Towers", 826, Anna Salai, Chennai - 600002, Tamilnadu, India

State Bank of India, Sudar Complex, Velayutham Road, Shivasi - 626123, Tamilnadu, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWING
Rupee term loans from banks	192.459	108.791
Borrowing from government semi-government bodies	80.097	87.736
SHORT TERM BORROWING
Working capital loans from banks	261.278	158.677
Total	533.834	355.204

Financial Institution :	Tamilnadu Industrial Investment Corporation Limited, No.692, Anna Salai, Nandanam, Chennai - 600035, Tamilnadu, India

Auditors :
Name :	T. S. Maharaj Chartered Accountant
Address :	150/50, New Road, Sivakasi – 626123, Tamilnadu, India
PAN No.:	AFUPM0173P

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital:

No. of Shares	Type	Value	Amount

1625000	Equity Shares	Rs.100/- each	Rs.162.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount

925000	Equity Shares	Rs.100/- each	Rs.92.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	92.500	92.500
(b) Reserves & Surplus	106.293	63.738
(c) Money received against share warrants	0.000	0.000

(2) Share Application money pending allotment	70.000	0.000
Total Shareholders’ Funds (1) + (2)	268.793	156.238

(3) Non-Current Liabilities
(a) long-term borrowings	278.102	206.093
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	278.102	206.093

(4) Current Liabilities
(a) Short term borrowings	271.282	158.677
(b) Trade payables	25.702	33.422
(c) Other current liabilities	66.192	1.638
(d) Short-term provisions	36.745	22.791
Total Current Liabilities (4)	399.921	216.528

TOTAL	946.816	578.859

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	256.196	246.708
(ii) Intangible Assets	0.000	0.785
(iii) Capital work-in-progress	228.643	51.604
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	16.348	10.357
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	501.187	309.454

(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	220.264	165.865
(c) Trade receivables	136.294	92.174
(d) Cash and cash equivalents	65.270	1.066
(e) Short-term loans and advances	23.801	10.300
(f) Other current assets	0.000	0.000
Total Current Assets	445.629	269.405

TOTAL	946.816	578.859

SOURCES OF FUNDS			31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital			92.500
2] Share Application Money			0.000
3] Reserves & Surplus			18.259
4] (Accumulated Losses)			0.000
NETWORTH			110.759
LOAN FUNDS
1] Secured Loans			323.826
2] Unsecured Loans			4.404
TOTAL BORROWING			328.230
DEFERRED TAX LIABILITIES			0.000

TOTAL			438.989

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]			259.930
Capital work-in-progress			5.506

INVESTMENT			0.000
DEFERREX TAX ASSETS			0.000

CURRENT ASSETS, LOANS & ADVANCES
Inventories			138.440
Sundry Debtors			64.573
Cash & Bank Balances			10.677
Other Current Assets			0.000
Loans & Advances			15.240
Total Current Assets			228.930
Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors			0.000
Other Current Liabilities			46.704
Provisions			9.191
Total Current Liabilities			55.895
Net Current Assets			173.035

MISCELLANEOUS EXPENSES			0.518

TOTAL			438.989

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2012	31.03.2011	31.03.2010
	SALES
	Income	NA	NA	NA
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA

	EXPENSES	NA	NA	NA

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	168.200	161.500	112.000

Less	INTEREST	58.900	48.500	38.800

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	109.300	113.000	73.200

Less/ Add	DEPRECIATION/ AMORTISATION	51.800	55.500	54.000

	PROFIT/ (LOSS) BEFORE TAX	57.500	57.500	19.200

Less	TAX	15.000	12.000	3.200

	PROFIT/ (LOSS) AFTER TAX	42.500	45.500	16.000

	Earnings in Foreign Currency, FOB Value of Exports and Consumption of Imported raw materials, spares, Components	1905988.690 USD	60003.000 USD	NA

	Earnings / (Loss) Per Share (Rs.)	45.94	49.18	17.29

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2012	31.03.2011	31.03.2010
Current Maturities of Long term debt	62.796	0.125	NA
Cash generated from operations	NA	NA	NA
Net cash flows from operating activities	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	8.01	10.91	32.73

Return on Investment (ROI) (PBT/Networth)		0.21	0.37	0.14

Debt Equity Ratio (Total Debt/Networth)		2.28	2.34	2.96

Current Ratio (Current Asset/Current Liability)		1.11	1.24	4.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)
Share Capital	92.500	92.500
Reserves & Surplus	63.738	106.293
Share Application money pending allotment	0.000	70.000
Net worth	156.238	268.793

long-term borrowings	206.093	278.102
Short term borrowings	158.677	271.282
Current Maturities of Long Term Debt	0.125	62.796
Total borrowings	364.895	612.180
Debt/Equity ratio	2.336	2.278

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	No
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	No
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	No
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	Yes
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 address has been shifted from the No. 2/2203, Viswanatham, Behind Sakkammal Kovil, Sivakasi – 626123, Tamilnadu, India to the present address w.e.f. 03.03.2014

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWING
Rupee term loans from banks	3.613	0.000
Loans and advances from banks	1.933	9.566
SHORT TERM BORROWING
Loans repayable on demand from banks	10.004	0.000
Total	15.550	9.566

INDEX OF CHARGES

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10513502	02/04/2014	30,000,000.00	CITY UNION BANK LIMITED	13, CHAIRMAN N P S N ARUMUGAM ROAD, SIVAKASI - 626123, TAMILNADU, INDIA	C15433543
2	10418747	28/02/2013	619,203,000.00	BANK OF BARODA	403/14H, AYYAN COMPLEX, OPP TO SIVAKASI BUS STAND, SIVAKASI - 626123, TAMILNADU, INDIA	B72895048
3	10333068	25/01/2012	287,500,000.00	BANK OF BARODA	403/14H, AYYAN COMPLEX, OPP TO SIVAKASI BUS STAND, SIVAKASI - 626123, TAMILNADU, INDIA	B31030562
4	10338991	14/07/2014 *	220,300,000.00	BANK OF INDIA	4TH FLOOR, "TARAPORE TOWERS", 826, ANNA SALAI, CHENNAI - 600002, TAMILNADU, INDIA	C31797624
5	10294206	29/06/2011	8,300,000.00	TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED	NO.692, ANNA SALAI, NANDANAM, CHENNAI - 600035, TAMILNADU, INDIA	B15822265
6	10165407	30/04/2012 *	154,100,000.00	TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED	NO.692, ANNA SALAI, NANDANAM, CHENNAI - 600035, TAMILNADU, INDIA	B38255634
7	10160534	22/10/2007	142,175,000.00	CITY UNION BANK LIMITED	VEMBAKOTTAI ROAD., SIVAKASI - 626123, TAMILNADU, INDIA	A33403254
8	10099999	02/04/2014 *	658,175,000.00	CITY UNION BANK LIMITED	13, CHAIRMAN N P S N ARUMUGAM ROAD, SIVAKASI - 626123, TAMILNADU, INDIA	C15432065

* Date of charge modification

FIXED ASSETS

Land
Buildings
Factory Building
Plant and Equipment
Factory Equipments
Furniture and Fixtures
Vehicles
Office Equipment
Computer Equipments

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.66.37
UK Pound	1	Rs.102.54
Euro	1	Rs.75.32

INFORMATION DETAILS

Information Gathered by :	DIP

Analysis Done by :	DIV

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	4
--CREDIT LINES	1~10	---
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		19

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.

MIRA INFORM REPORT

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