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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

498567

Report Date :

04.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

EL OS FORMUSOLS INDIA PRIVATE LIMITED  

 

 

Registered Office :

4 & 5, Subbu Plaza, 2nd Floor 82-A, State Bank Road, Coimbatore – 641018, Tamilnadu

Tel. No.:

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

12.07.2000

 

 

Com. Reg. No.:

18-009420

 

 

Capital Investment / Paid-up Capital :

INR 5.000 Million

 

 

CIN No.:

[Company Identification No.]

U72200TZ2000PTC009420

 

 

IEC No.:

[Import-Export Code No.]

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Manufacturer, Importer, Exporter and Dealer of all kinds of medicines, medical equipment, surgical equipment, surgical material, energetic liquid, etc.  [Registered Activity]

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Maximum Credit Limit :

USD 30000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 31-03-2016.

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 04.04.2018.

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION DENIED

 

Unable to Contact.

 

Given number i.e. 91-422-2626057 / 2393618 is not working.

Tel. No.: 91-422-4504293 / 6582293 / 2306057 is not working.

 

 

LOCATIONS

 

Registered Office :

4 & 5, Subbu Plaza, 2nd Floor 82-A, State Bank Road, Coimbatore – 641018, Tamilnadu, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

kaleemandco@gmail.com

Locality :

Residential

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Santhanam Jagan            

Designation :

Director

Address :

77-M, Surya Apartments Srinivasaragavan Street, R.S. Puram, Coimbatore – 641002, Tamilnadu, India

Date of Birth/Age :

07.12.1971

Date of Appointment :

12.07.2000

DIN No.:

00020990

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U24231TZ1989PLC003047

STANPRO PHARMACEUTICAL LIMITED

22/12/2007

-

 

 

Name :

Mr. Balan Venkaatesan

Designation :

Director

Address :

D.No.1, Warners Road, Contonment, Tiruchirapalli – 620001, Tamilnadu, India

Date of Birth/Age :

06.02.1969

Date of Appointment :

12.07.2000

DIN No.:

00022711

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U24231TZ1989PLC003047

STANPRO PHARMACEUTICAL LIMITED

12/03/2008

-

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2014

 

Names of Shareholders

 

No. of Shares

S. Jagan

 

90000

K. Anand

 

80000

B. Venkaatesan

 

82000

Ranjani Ashok

 

91000

Vidhya Bathrinarayan

 

71000

S. Srikanth

 

86000

 

 

 

Total

 

500000

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 18.08.2014

 

Category

Percentage

Directors or relatives of directors

100.000

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Importer, Exporter and Dealer of all kinds of medicines, medical equipment, surgical equipment, surgical material, energetic liquid, etc.  [Registered Activity]

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Sreenivasa Image Products

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • B Braun Medical (India) Private Limited, Hyderabad
  • MN Chemicals Limited
  • Sumanth Drugs
  • Sri Thirumalai Surgical Company
  • Kaycee Plasto Pack
  • Smart Suppliers
  • Rohini Chem Impex Private Limited
  • Bioline Laboratory
  • Shree Lakshmi Enterprises

 

 

Customers :

 

Reference :

Aarthi Hospital

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Kovai Medical Centre And Hospital Limited
  • Sri Gokulam Speciality Hospitals
  • M G Associates
  • Surya Agencies
  • Kmc Speciality Hospitals (I) Limited
  • South India Surgical Company Limited
  • Lee Kidney Care
  • Heal Pharmass
  • Bhrathi Hospital
  • Cethar Healthcare Services (P) Limited
  • Sheth Impex Vivo Solutions Private Limited

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Oriental Bank of Commerce

Branch

May Flower Arcade, 434, Oppanakara Street, Coimbatore - 641001, Tamil Nadu, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2014

(INR in Million)

31.03.2013

(INR in Million)

Long-term Borrowings

 

 

Tata Capital Finance Services Limited

0.099

0.630

Bajaj Finance Limited

2.803

0.000

HDFC

0.318

0.562

Magma Fincorp Limited

2.500

0.000

Oriental Bank of Commerce - Term Loan

22.472

23.413

Religare Fivest Limited

1.540

0.000

Sundaram Finance Limited - Term Loan

0.871

0.133

Sundaram Finance Limited – Term Loan-Tm 38 Bq 3749

0.000

0.769

 

 

 

Short-term borrowings

 

 

Oriental Bank of Commerce CC Account

0.000

48.666

 

 

 

Total

30.603

74.173

 

Auditors :

 

Name :

Kaleem and Company

Chartered Accountants

Address :

II Floor, 434, Oppanakara Street, Coimbatore – 641001, Tamilnadu, India

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

AAJFK3383K

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

INR 10/- each

INR 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 10/- each

INR 5.000 Million

 

 

 

 

 

 

 

 

 

 

 

                                                                   


 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

5.000

5.000

5.000

(b) Reserves & Surplus

8.463

6.290

4.169

(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)

13.463

11.290

9.169

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

30.603

25.507

15.897

(b) Deferred tax liabilities (Net)

0.108

0.062

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)

30.711

25.569

15.897

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

60.188

56.922

34.919

(b) Trade payables

13.046

28.938

44.973

(c) Other current liabilities

0.401

2.894

1.252

(d) Short-term provisions

5.393

4.686

3.243

Total Current Liabilities (4)

79.028

93.440

84.387

 

 

 

 

TOTAL

123.202

130.299

109.453

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

42.596

39.301

32.540

(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

0.000

0.000

0.133

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

42.596

39.301

32.673

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4.028

3.005

3.005

(c) Trade receivables

13.235

26.861

27.428

(d) Cash and cash equivalents

36.691

32.411

40.111

(e) Short-term loans and advances

2.182

7.929

1.689

(f) Other current assets

24.470

20.792

4.547

Total Current Assets

80.606

90.998

76.780

 

 

 

 

TOTAL

123.202

130.299

109.453

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

179.511

176.861

160.379

 

Other Income

0.541

2.011

2.921

 

TOTAL

180.052

178.872

163.300

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

105.029

124.369

131.895

 

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

13.626

0.567

-10.236

 

Employees benefits expense

14.558

14.533

15.395

 

Other expenses

27.326

22.718

16.868

 

TOTAL

160.539

162.187

153.922

 

 

 

 

 

 

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

19.513

16.685

9.378

 

 

 

 

 

Less

FINANCIAL EXPENSES

11.599

9.987

4.637

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

7.914

6.698

4.741

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

4.695

3.482

2.173

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.219

3.216

2.568

 

 

 

 

 

Less

TAX

1.045

1.095

0.900

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.174

2.121

1.668

 

 

 

 

 

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

4.35

4.24

3.34

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

 

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2014

 

31.03.2013

31.03.2012

Average Collection Days

(Sundry Debtors / Income * 365 Days)

26.91

55.43

62.42

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

13.56

6.58

5.85

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

45.34

84.93

124.46

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

4.84

5.55

3.12

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.46

0.42

0.29

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2014

 

31.03.2013

31.03.2012

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.89

0.91

0.92

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

6.74

7.30

5.54

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

5.87

8.28

9.20

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

3.16

3.48

3.55

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.68

1.67

2.02

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2014

 

31.03.2013

31.03.2012

Net Profit Margin

((PAT / Sales) * 100)

%

1.21

1.20

1.04

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

1.76

1.63

1.52

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

16.15

18.79

18.19

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2014

 

31.03.2013

31.03.2012

Current Ratio

(Current Assets / Current Liabilities)

1.02

0.97

0.91

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.97

0.94

0.87

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.11

0.09

0.08

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

18.16

16.49

10.16

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.02

0.97

0.91

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

INR In Million

INR In Million

INR In Million

Share Capital

5.000

5.000

5.000

Reserves & Surplus

4.169

6.290

8.463

Net worth

9.169

11.290

13.463

 

 

 

 

long-term borrowings

15.897

25.507

30.603

Short term borrowings

34.919

56.922

60.188

Total borrowings

50.816

82.429

90.791

Debt/Equity ratio

5.542

7.301

6.744

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

INR In Million

INR In Million

INR In Million

Sales

160.379

176.861

179.511

 

 

10.277

1.498

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

INR In Million

INR In Million

INR In Million

Sales

160.379

176.861

179.511

Profit

1.668

2.121

2.174

 

1.04%

1.20%

1.21%

 

 

 

 

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

No

8

Designation of contact person

No

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

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2014

(INR in Million)

31.03.2013

(INR in Million)

Short-term borrowings

 

 

Unsecured

60.188

8.256

 

 

 

Total

60.188

8.256

 

 

INDEX OF CHARGES:

 

Charges Registered

SNo

SRN

Charge Id

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

C55481766

10175000

19/08/2009

08/04/2015

-

103000000.0

MAY FLOWER ARCADE434, OPPANAKARA STREETCOIMBATORETN641001IN

2

Y10065126

90001111

11/09/2000

23/02/2006

-

300000.0

P.N. PALAYAM BRANCH725-B; AVINASHI ROADCOIMBATORETN641018IN

3

A91241539

90001237

08/09/2001

16/09/2002

15/07/2010

300000.0

P.N. PALAYAM BRANCH725-B; AVINASHI ROADCOIMBATORETN641018IN

 

OBSERVATION FORM

 

 

COMPANY NAME: EL OS FORMUSOLS INDIA PRIVATE LIMITED

 

ADDRESS: 4 & 5, Subbu Plaza, 2nd Floor 82-A, State Bank Road, Coimbatore – 641018, Tamilnadu, India

 

CONTACT NO.: 91-422-2626057

 

PERSON TO WHOM WE MET: Mr. Moorthy [Security Guard]                            

 

  • NAME BOARD: Sighted

 

  • LOCATION: Easy

 

  • LANDMARK (IF ANY): Opposite to employee co-operative society

 

  • TOTAL FLOORS OF THE BUILDING: Ground + 2 Floors

 

  • SUBJECT SITUATED ON Second Floor

 

  • LOCALITY: Residential

 

  • AREA: Upmarket

 

  • NEIGHBOUR’S INTERVIEW

Name of company: Vannamalar Co-Optex

Contact person name : Mr. Ganesh

Neighbour’s overview: Subject company situated on given address.

 

Name of company: Hotel Thirupathi

Contact person name : Mr. Kannan

Neighbour’s overview: Subject company situated on given address.

 

  • PROOF OF VISIT: Photograph

 

 

FIXED ASSETS

 

  • Computer
  • Electrical Equipment
  • Furniture and Fixture
  • Land
  • Mobile Phone
  • Printer
  • Plant and Machinery

 

 

 

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

INR

US Dollar

1

INR 65.04

UK Pound

1

INR 92.28

Euro

1

INR 80.62

 

 

INFORMATION DETAILS

 

Information Gathered by :

SPR

 

 

Analysis Done by :

NIS

 

 

Report Prepared by :

JYO

 

SCORE FACTORS

 

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

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

 

 

 

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.