MIRA INFORM REPORT

 

 

Report No. :

341498

Report Date :

22.09.2015

 

IDENTIFICATION DETAILS

 

Name :

AKSHAYA PRIVATE LIMITED (w.e.f. 24.12.2008)

 

 

Formerly Known As :

AKSHAYA HOMES PRIVATE LIMITED

 

 

Registered Office :

G Square, No.46, Rajiv Gandhi Salai (Omr), Kandhanchavadi, Chennai – 600096, Tamilnadu

Tel. No.:

91-44-24968811

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.03.2005

 

 

Com. Reg. No.:

18-055753

 

 

Capital Investment / Paid-up Capital :

Rs. 93.976 Million

 

 

CIN No.:

[Company Identification No.]

U45200TN2005PTC055753

 

 

IEC No.:

0406026734

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAFCA1708D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Construction of Buildings - Residential and Commercial

 

 

No. of Employees :

Not Divulged

 

 

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

 

Maximum Credit Limit :

USD 1500000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow and delayed

 

 

Litigation :

Clear

 

 

Comments :

Subject was established in the year 1995 as a proprietary concern with the name of “Akshaya Homes”, and later in the year 2005, the concern got converted into private limited company. It is having satisfactory track.

 

Rating takes into consideration sound financial risk profile of the company marked by adequate networth base along with comfortable gearing in FY14.

 

Management has reported decrease in its sales turnover and net profit along with thin net profit margin in the year under consideration.

 

However, trade relations are fair. Business is active. Payment terms are reported to be slow and delayed.

 

The company can be considered for business dealings with 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. Sarwanand

Designation :

Accounts Department

Contact No.:

91-44-22968811

Date :

19.09.2015

 

 

LOCATIONS

 

Registered Office/ Corporate Office  :

G Square, No.46, Rajiv Gandhi Salai (Omr), Kandhanchavadi, Chennai – 600096, Tamilnadu, India

Tel. No.:

91-44-24968811

Fax No.:

91-44-24968812

E-Mail :

finance@akshaya.com

marketing@akshya.com

akshyahomes@vsnil.net

Website :

www.akshya.com

 

 

Branch Office:

T-5, 3rd Floor, Mangalam chambers, No.25, K.H. Road, Bangalore – 560027, India

 

 

DIRECTORS

 

As on 10.09.2014

 

Name :

Mr. Chitty Babu Thangappan

Designation :

Managing Director

Address :

Old No. 53, New No. 48, 3rd Main Road, Gandhi Nagar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

01.06.1966

Date of Appointment :

23.03.2005

PAN No.:

AABPC6145K

DIN No.:

00058524

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

U45200TN2005PTC055753

AKSHAYA PRIVATE LIMITED

Managing director

23/03/2005

23/03/2005

-

Active

NO

2

U55101TN2006PTC061630

AKSHAYA HOTELS AND RESORTS PRIVATE LIMITED

Managing director

30/11/2006

30/11/2006

-

Active

NO

3

U65990TN2010PLC078584

VAZHAM MICRO FINANCIAL SERVICES LIMITED

Director

28/12/2010

28/12/2010

15/05/2011

Active

NO

4

U45206TN2013PTC089792

AKSHAYA SIGNATURE HOMES PRIVATE LIMITED

Director

26/02/2013

26/02/2013

-

Active

NO

5

U74900TN2014PTC094995

AKSHAYA SERVICES PRIVATE LIMITED

Director

12/02/2014

12/02/2014

-

Active

NO

6

U74999TN2014PTC097213

AKSHAYA AGE PLUS HOMES PRIVATE LIMITED

Director

05/09/2014

05/09/2014

-

Active

NO

7

U74999TN2015PTC099206

AKSHAYA LEISURE PRIVATE LIMITED

Director

12/02/2015

12/02/2015

-

Active

NO

 

 

Name :

Mrs. Nithya Chitti Babu

Designation :

Director

Address :

Old No. 53, New No. 48, 3rd Main Road, Gandhi Nagar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

19.09.1973

Date of Appointment :

23.03.2005

PAN No.:

AAEPN7992C

DIN No.:

00058597

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

U45200TN2005PTC055753

AKSHAYA PRIVATE LIMITED

Director

23/03/2005

23/03/2005

-

Active

NO

2

U55101TN2006PTC061630

AKSHAYA HOTELS AND RESORTS PRIVATE LIMITED

Director

30/11/2006

30/11/2006

-

Active

NO

3

U45206TN2013PTC089792

AKSHAYA SIGNATURE HOMES PRIVATE LIMITED

Director

26/02/2013

26/02/2013

-

Active

NO

4

U74900TN2014PTC094995

AKSHAYA SERVICES PRIVATE LIMITED

Director

12/02/2014

12/02/2014

-

Active

NO

5

U74999TN2014PTC097213

AKSHAYA AGE PLUS HOMES PRIVATE LIMITED

Director

05/09/2014

05/09/2014

-

Active

NO

6

U74999TN2015PTC099206

AKSHAYA LEISURE PRIVATE LIMITED

Director

12/02/2015

12/02/2015

-

Active

NO

 

 

Name :

Mr. Ravi Janakiram

Designation :

Director

Address :

No.4 1st Floor, Aanandham Apartments, Akshya Homes, 10/16, II Canal Cross Road, Gandhi Nagar, Adyar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

14.03.1967

Date of Appointment :

01.01.2007

PAN No.:

AAEPR1569B

DIN No.:

01326221

 

 

KEY EXECUTIVES

 

Name :

Mr. Sarwanand

Designation :

Accounts Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 10.09.2014

 

Names of Shareholders

No. of Shares

%age holding

T. Chitty Babu

6397630

68.08

C. Nithya

3000000

31.92

 

 

 

Total

9397630

100.00

 

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 10.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Construction of Buildings - Residential and Commercial

 

 

Products :

Item Code No.

Product Description

99531223

Construction

 

 

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 :

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 :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :
  • Bank of Baroda, Corporate  Financial  Services  Branch, 2nd Floor, 74 Theagaraya Road, Near Panagal Parktnagar,  Chennai – 600017, Tamilnadu, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

917.459

786.166

Term loans from others

0.000

205.898

 

 

 

Total

917.459

992.064

 

Auditors :

 

Name :

P Kumar

Chartered Accountant

Address :

14 West Circular Road,  Mandevelipakkam, Chennai – 60028, Tamilnadu, India

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

AABPK2688R

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Company:

Akshaya Signature Homes Private Limited

 

 

Partnership Firm :

  • A.L.Homes
  • Akshaya Apparels

 

 

Proprietorship:
  • Akshaya Homes
  • Akshaya Foods

 

 

Enterprises owned or significantly influenced by Key Management Personnel or their Relatives :

Akshaya Hotels and Resorts Private Limited

 

 

CAPITAL STRUCTURE

 

 

After 10.09.2014

 

Authorised Capital : Rs. 250.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 150.00 Million

 

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000,000

Equity Shares

Rs.10/- each

Rs. 100.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

9,397,630

Equity Shares

Rs.10/- each

Rs. 93.976 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

93.976

93.976

93.976

(b) Reserves & Surplus

389.986

379.759

324.095

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

46.024

0.000

0.000

Total Shareholders’ Funds (1) + (2)

529.986

473.735

418.071

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

917.459

992.064

177.747

(b) Deferred tax liabilities (Net)

(8.014)

0.000

0.000

(c) Other long term liabilities

1544.482

1252.554

755.997

(d) long-term provisions

14.196

11.990

7.306

Total Non-current Liabilities (3)

2468.123

2256.608

941.050

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

576.158

772.947

560.570

(c) Other current liabilities

2053.241

1266.018

951.893

(d) Short-term provisions

2.012

2.659

0.000

Total Current Liabilities (4)

2631.411

2041.624

1512.463

 

 

 

 

TOTAL

5629.520

4771.967

2871.584

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

44.292

53.325

42.563

(ii) Intangible Assets

1.906

2.707

4.017

(iii) Capital work-in-progress

0.000

0.000

77.240

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

124.352

122.093

0.191

(c) Deferred tax assets (net)

4.052

2.752

1.801

(d)  Long-term Loan and Advances

828.974

677.481

104.711

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1003.576

858.358

230.523

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

3774.771

3141.893

2077.239

(c) Trade receivables

284.254

185.771

269.465

(d) Cash and cash equivalents

94.031

248.223

84.552

(e) Short-term loans and advances

472.888

337.722

209.805

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

4625.944

3913.609

2641.061

 

 

 

 

TOTAL

5629.520

4771.967

2871.584

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

1779.700

1850.800

1722.600

 

Other Income

11.200

6.500

4.400

 

TOTAL

1790.900

1857.300

1727.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

1761.000

1767.800

1652.200

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

29.900

89.500

74.800

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

14.700

17.000

11.900

 

 

 

 

 

 Less

 Extraordinary Item

0.200

(0.700)

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

15.400

71.800

62.900

 

 

 

 

 

Less

TAX

5.200

16.100

12.900

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

10.200

55.700

50.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.09

5.92

5.32

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

447.000

369.293

393.368

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

(187.128)

(501.167)

(217.684)

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.57

3.01

2.90

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.28

1.55

2.25

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.15

0.15

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.57

2.87

1.37

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.76

1.92

1.75

 

 

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

93.976

93.976

93.976

Reserves & Surplus

324.095

379.759

389.986

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

46.024

Net worth

418.071

473.735

529.986

 

 

 

 

long-term borrowings

177.747

992.064

917.459

Short term borrowings

0.000

0.000

0.000

current maturities of long-term debts

393.368

369.293

447.000

Total borrowings

571.115

1361.357

1364.459

Debt/Equity ratio

1.366

2.874

2.575

 

 

 

 

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

1722.600

1850.800

1779.700

 

 

7.442

(3.842)

 

 

 

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

1722.600

1850.800

1779.700

Profit

50.000

55.700

10.200

 

2.90%

3.01%

0.57%

 

 

 

 

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

 

 

NOTE: Registered office of the company has been shifted from Capitale No.22, 2nd Street, Nehru Nagar, Adyar,

Chennai – 600020, Tamilnadu, India to the present address w.e.f. 04.02.2012

 

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10574563

30/03/2015

40,000,000.00

Axis Bank Limited

"Trishul', 3rd Floor, Opp to Samartheshwar Temple, 
Law Garden, Ellis Bridge, Ahmedabad, Gujarat- 3 
80006, INDIA

C56270101

2

10558404

10/03/2015

270,000,000.00

IL & FS TRUST COMPANY LIMITED

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra 
- 400051, INDIA

C46896957

3

10505128

26/06/2014

500,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA

C08446551

4

10537055

26/06/2014

550,000,000.00

PNB HOUSING FINANCE LIMITED

9TH FLOORANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI, 
Delhi - 110001, INDIA

C37205192

5

10505641

10/06/2014

195,000,000.00

FEDERAL BANK LIMITED

61, ANNA SALAI, CHENNAI, CHENNAI, Tamil Nadu - 60 
0002, INDIA

C09069584

6

10520764

04/08/2014 *

400,000,000.00

ADITYA BIRLA FINANCE LIMITED

Indian Rayon Compound,, Veraval, Gujarat - 362266, 
INDIA

C36348043

7

10478297

18/02/2014 *

300,000,000.00

BANK OF BARODA

Corporate Financial Services Branch, 2nd Floor 
74Theagaraya Road Near Panagal ParkT Nagar, chennai, 
Tamil Nadu - 600017, INDIA

C00385856

8

10401742

10/07/2014 *

800,000,000.00

ICICI BANK LIMITED

A 78, PLOT NO 3211, 3RD AVENUE, ANNA NAGAR, CHENNAI, Tamil Nadu - 600102, INDIA

C11305349

 

*Date of charge modification

 

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2014

31.03.2013

Claims against the Co not acknowledged as debt

278.100

273.900

Guarantees

500.000

500.000

Estimated amount of contracts remaining to be executed

7321.100

7444.800

 

FIXED ASSETS

 

  • Plant and equipment
  • Factory equipments
  • Furniture and fixtures
  • Vehicles
  • Motor 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 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.65.75

UK Pound

1

Rs.102.17

Euro

1

Rs.74.38

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ART

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

4

--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.