MIRA INFORM REPORT

 

 

Report No. :

342604

Report Date :

26.09.2015

 

IDENTIFICATION DETAILS

 

Name :

RASIKA IMPEX PRIVATE LIMITED

 

 

Registered Office :

26, C. R. Avenue, 2nd Floor, Kolkata – 700012, West Bengal

Tel. No.:

91-33-22120045/40034660

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.06.2004

 

 

Com. Reg. No.:

21-098823

 

 

Capital Investment / Paid-up Capital :

Rs. 7.500 Million

 

 

CIN No.:

[Company Identification No.]

U51909WB2004PTC098823

 

 

IEC No.:

Not Available 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALR06694C

 

 

PAN No.:

[Permanent Account No.]

AACCR8235P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Water Purifier, Kitchen and Small Appliances.

 

 

No. of Employees :

09 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct 

 

 

Litigation :

Clear

 

 

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

 

Name :

Mr. Basant Mangal

Designation :

Commercial Manager

Contact No.:

91-9331290545

Date :

24.09.2015

 

 

 

LOCATIONS

 

Registered Office :

26, C. R. Avenue, 2nd Floor, Kolkata – 700012, West Bengal, India

Tel. No.:

91-33-22120045/ 40034660

Mobile No.:

91-9331290545 (Mr. Basant Mangal))

Fax No.:

Not Available

E-Mail :

rasikaimpex@hotmail.com

Area :

300 Sq. Ft.

Location :

Owned

Locality:

Commercial

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Subir Majumdar

Designation :

Director

Address :

10, K. S. Roy Road, Kolkata - 700001, West Bengal, India

Date of Birth/Age :

15.08.1946

Date of Appointment :

01.02.2005

DIN No.:

00430700

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

U29246WB1960PLC024867

BELLISS INDIA LIMITED

Director

20/01/1988

20/01/1988

-

Active

NO

2

U51909WB2004PTC098823

RASIKA IMPEX PRIVATE LIMITED

Director

01/02/2005

01/02/2005

-

Active

NO

3

U74140WB1999PTC088772

GENESIS EVENT MANAGEMENT SERVICES PRIVATE LIMITED

Director

28/09/2005

28/09/2005

31/03/2009

Active

NO

4

U64204WB2003PTC096420

DIGI CABLECOMM SERVICES PRIVATE LIMITED

Director

22/11/2005

22/11/2005

09/12/2008

Active

NO

5

U32201WB1955PTC022609

DEBSONS PRIVATE LIMITED

Additional director

06/07/2010

06/07/2010

-

Active

NO

 

 

Name :

Mrs. Sharmistha Chaudhuri

Designation :

Whole-Time Director

Address :

58, Queens Mansion, 12, Park Street, Kolkata - 700016, West Bengal, India

Date of Birth/Age :

18.02.1953

Date of Appointment :

01.06.2014

DIN No.:

00625194

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

U32201WB1955PTC022609

DEBSONS PRIVATE LIMITED

Managing director

01/06/2014

07/09/1998

Active

NO

2

U51909WB2004PTC098823

RASIKA IMPEX PRIVATE LIMITED

Whole-time director

01/06/2014

01/02/2005

Active

NO

3

U51109WB2006PTC109398

LOKENATH COMMERCIAL PRIVATE LIMITED

Director

07/12/2007

07/12/2007

Strike off

NO

 

 

Name :

Mr. Pradip Chowdhury

Designation :

Whole-time director

Address :

Sonali Complex, 4 Lala Babu Shire Road, Rear Block, 2nd Floor, Flat No. 208, Belur Bazar, Howrah, Kolkata - 711102, West Bengal, India

Date of Birth/Age :

13.08.1971

Date of Appointment :

01.06.2014

DIN No.:

02589490

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

U51109WB2006PTC109398

LOKENATH COMMERCIAL PRIVATE LIMITED

Additional director

20/04/2010

20/04/2010

Strike off

NO

2

U51909WB2004PTC098823

RASIKA IMPEX PRIVATE LIMITED

Whole-time director

01/06/2014

15/02/2011

Active

NO

3

U72100WB2007PTC116411

SMART SOURCE TECHNOLOGY PRIVATE LIMITED

Director

11/03/2011

11/03/2011

Strike off

NO

4

U72200WB2007PTC118197

PRINCETEC TECHNOLOGY (INDIA) PRIVATE LIMITED

Director

11/03/2011

11/03/2011

Strike off

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Mangal Basant

Designation :

Commercial Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Sharmistha Chaudhuri

104190

13.89

Debsons Private Limited, India

9990

1.33

Subir Majumdar

533570

71.14

Pradip Chowdhury

102250

13.63

 

 

 

Total

 

750000

100.00

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

1.33

Directors or relatives of directors

98.67

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Water Purifier, Kitchen and Small Appliances.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Depend

 

 

Purchasing :

Depend

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Euneka Forbes Limited

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

 

·         Glen Appliances

·         Econ Electrical Limited

 

 

Customers :

Retailers

 

Reference:

Capital Flectronics

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

 

·         Hirmal Electron

·         Bharati Crocxpries

·         Ganda Electronics

 

 

No. of Employees :

09 (Approximately)

 

 

Bankers :

Bank Name:

HDFC Bank Limited

Branch:

Chauang Isquare, Kolkata, West Bengal, 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):

Overdraft = Rs. 7.000 Million

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan from Bank

0.000

0.142

 

 

 

SHORT TERM BORROWINGS

 

 

Overdraft Account

0.143

0.393

Term Loan from Bank

1.209

0.000

 

 

 

Total

 

1.352

0.535

NOTE:

 

SHORT TERM BORROWINGS:

 

a)     Overdraft facility has been taken from Allahabad Bank and is secured against Hypothecation of Fixed Deposit of Rs.1.000 Million.

 

b)    Secured Term Loan is from Kotak Mahindra Bank and is against Fixed Deposit of Rs.0.500 Million. Repayable in Equated Monthly Installments of Rs.0.184 Million.

 

c)     Loan from Directors are Interest free and repayable on demand.

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Vimal and Seksaria

Chartered Accountants

Address :

31, G.C.Avenue, Kolkata – 700013, West Bengal, India

Tel No.:

91-33-22122638/ 40048654

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

AABFV8855B

 

 

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

 

 

 

 

750,000

Equity Shares

Rs. 10/- each

Rs. 7.500 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

7.500

7.500

7.500

(b) Reserves & Surplus

(1.962)

(3.015)

(4.445)

(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)

5.538

4.485

3.055

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.905

0.771

0.526

(b) Deferred tax liabilities (Net)

0.085

0.000

0.000

(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)

0.990

0.771

0.526

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4.060

16.934

17.255

(b) Trade payables

9.303

13.768

9.799

(c) Other current liabilities

15.590

2.365

0.782

(d) Short-term provisions

0.216

0.286

0.000

Total Current Liabilities (4)

29.169

33.353

27.836

 

 

 

 

TOTAL

35.697

38.609

31.417

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.299

7.284

7.843

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.855

0.409

0.131

(e) Other Non-current assets

1.107

1.021

0.000

Total Non-Current Assets

8.261

8.714

7.974

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

9.121

10.849

7.807

(c) Trade receivables

16.186

16.331

12.870

(d) Cash and cash equivalents

1.492

1.973

2.328

(e) Short-term loans and advances

0.637

0.742

0.438

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

27.436

29.895

23.443

 

 

 

 

TOTAL

35.697

38.609

31.417

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

28.371

38.882

27.315

 

 

Other Income

1.479

1.065

1.582

 

 

TOTAL                                     (A)

29.850

39.947

28.897

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

21.767

36.674

27.992

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

1.729

(3.043)

(3.376)

 

 

Employees benefits expense

2.277

1.696

0.780

 

 

Other expenses

2.121

2.405

2.715

 

 

TOTAL                                     (B)

27.894

37.732

28.111

 

 

 

 

 

 

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

1.956

2.215

0.786

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.427

0.153

0.098

 

 

 

 

 

 

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

1.529

2.062

0.688

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.368

0.600

0.561

 

 

 

 

 

 

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

1.161

1.462

0.127

 

 

 

 

 

Less

TAX                                                                  (H)

0.109

0.032

0.005

 

 

 

 

 

 

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

1.052

1.430

0.122

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.40

1.91

0.16

 

 

Expected Sales (2015-2016): Rs. 42.000 Million

 

The above information has been parted by Mr. Basant Mangal (Commercial Manager)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.615

0.647

0.330

 

 

 

 

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)

(%)

3.71

3.68

0.45

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

6.89

5.70

2.88

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.25

3.79

0.40

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.21

0.33

0.04

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.01

4.09

5.93

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.94

0.90

0.84

 

 

 

 

 

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

7.500

7.500

7.500

Reserves & Surplus

(4.445)

(3.015)

(1.962)

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

3.055

4.485

5.538

 

 

 

 

Long-term borrowings

0.526

0.771

0.905

Short term borrowings

17.255

16.934

4.060

CURRENT MATURITIES OF LONG-TERM DEBTS

0.330

0.647

0.615

Total borrowings

18.111

18.352

5.580

Debt/Equity ratio

5.928

4.092

1.008

 

 

 

 

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

27.315

38.882

28.371

 

 

42.347

(27.033)

 

 

 

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

27.315

38.882

28.371

Profit

0.122

1.430

1.052

 

0.45%

3.68%

3.71%

 

 

 

 

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

Yes

5

Buyer visit details

Yes

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

Yes

17

Details of sister concerns

Yes

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

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OBSERVATION POINTS

 

Name of Company :

Rasika Impex Private Limited

 

 

Address:

26, CR Avenue, 2nd Floor, Kolkata – 700012, Kolkata, India

Contact No.:

91-9331290545

 

 

Person to whom we met :

Mr. Bansal Mangal

 

 

Name Board:

Sighted

 

 

Location:

Easy

 

 

Total floors of the building :

06

 

 

Subject situated on :

02

 

 

Locality:

Commercial

 

 

Area of Premises:

3000 Sq. Ft.

 

 

Area:

Neutral

 

 

No. of Employees seen at Business Premises:

8

 

 

Proof of Visit:

Photograph

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10519694

10/09/2014

1,700,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA

C20415030

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan from Bank

1.520

0.892

Less: Current Maturity of Long Term Debts

(0.615)

(0.263)

 

 

 

SHORT TERM BORROWINGS

 

 

Loans from Directors

2.707

16.541

 

 

 

Total

 

3.612

17.170

NOTE:

LONG-TERM BORROWINGS:

 

Unsecured Loans are from HDFC Bank and ICICI Bank Repayable in Equated Monthly Installments of Rs.0.034 Million and Rs.0.035 Million respectively.

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from 11, Prafulla Sarkar Streethare Strr, Kolkata – 700072, West Bengal, India India to the present address w.e.f. 08.05.2008.

 

FIXED ASSETS:

 

·         Building

·         Plant and Machinery

·         Furniture and Fixture

·         Computer

·         Motor Car

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.66.10

UK Pound

1

Rs.100.89

Euro

1

Rs.73.96

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

4

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

2

--CREDIT LINES

1~10

3

--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

 

27

 

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.