MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	512577
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	STATCON ENERGIAA PRIVATE LIMITED (w.e.f. 26.12.2014)

Formerly Known As :	TRIPORT ELECTRONICS PRIVATE LIMITED

Registered Office :	Flat No.19 E, Pocket 2, Kondli Gharoli, Mayur Vihar Phase – III, Delhi – 110096, India
Tel. No.:	91-11-26163700

Country :	India

Financials (as on) :	31.03.2016

Date of Incorporation :	26.07.1991

Com. Reg. No.:	55-045130

Capital Investment / Paid-up Capital :	INR 18.239 Million

CIN No.: [Company Identification No.]	U31100DL1991PTC045130

IEC No.: [Import-Export Code No.]	Not Divulged

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

GSTN : [Goods & Service Tax Registration No.]	09AAACT2688L1ZS

PAN No.: [Permanent Account No.]	AAACT2688L

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in the business of Manufacturing, Trading, Exporter and Importer of Power Controlling Equipments, Battery Charges, Ground Power Units and Inverters also provides after sale support for the same. (Registered activity and also Confirmed by management)

No. of Employees :	300 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject was incorporated in the year 1991. It is engaged in manufacturing and production of inverters/ solar energy equipments, etc. Management has failed to file its financials with the Registrar of Companies for the FY 2017. For the financial year ended 2016, the company has achieved massive growth in its revenue as compared to the previous year along with average profit margin of 2.34%. The moderate financial risk profile of the company is marked by low reserve base as compared to its capital along comfortable debt balance sheet profile. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution.

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

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 31-03-2018.

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 31.05.2018

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 PARTED BY

Name :	Mr. Sumit Yadav
Designation :	Finance Department
Contact No.:	91-9654828556
Date :	30.05.2018

LOCATIONS

Registered Office :	Flat No.19 E, Pocket 2, Kondli Gharoli, Mayur Vihar, Phase – III, Delhi – 110096, India
Tel. No.:	91-11-26163700 / 41041035
Mobile No.:	91-9871000429 (Mr. Kailash Gupta) 91-9654828556 (Ms. Indra Sharma / Mrs. Kailash Gupta)
Fax No.:	Not Available
E-Mail :	info@statconenergiaa.com spja30@aceindialegal.com spja30@hotmail.com servicing@statconenergiaa.com
Website :	http://www.statconenergiaa.com
Area :	800 sq. mtr.
Location :	Rented
Locality :	Industrial

Factory :	Khasra No. 509, B – Block, Chhijarssi Kulich Nagar, Pilkhuwa Hapur - 245304, Uttar Pradesh, India
Tel. No.:	91-122-3058120 / 121
Location :	Rented

Corporate Office :	B – 81, Sector 63, G.B. Nagar, Noida – 201307, Uttar Pradesh, India
Tel. No.:	91-120-2427310 / 3819665 / 652
Fax No.:	91-120-2427311

DIRECTORS

As on 2018

Name :

Mr. Anil Dhar

Designation :

Director

Address :

58 Sector-16 Faridabad – 121002, Haryana, India

Date of Appointment :

30.09.2016

DIN No.:

00076859

Name :

Mr. Budhi Behari Pandey

Designation :

Director

Address :

B-6-G, Delhi Police Apartment, Mayur Vihar Phase-I, New Delhi – 110091, Delhi, India

Date of Birth/Age :

06.07.1934

Qualification :

Graduate

Date of Appointment :

05.11.1996

DIN No.:

01493825

Name :

Ms. Sunita Pandey

Designation :

Additional Director

Address :

B-6-G, Delhi Police Apartment, Mayur Vihar-1, Delhi – 110091, India

Qualification :

Poet – Graduate

Date of Appointment :

30.09.2015

DIN No.:

00097694

Name :

Mr. Manoj Pandey

Designation :

Managing Director

Address :

B-30, Sector-53, Noida – 201301, Uttar Pradesh, India

Qualification :

B. Tech (IIS)

Date of Appointment :

30.03.2016

DIN No.:

00076026

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U31900DL2010PTC199164	STAT ENTERPRISES PRIVATE LIMITED	16/02/2010	-

KEY EXECUTIVES

Name :	Mr. Sumit Yadav
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2016

Names of Shareholders		No. of Shares
Sunita Pandey		2300
Sushma Pandey		100
Manoj Pandey		179987
Total		182387

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Manufacturing, Trading, Exporter and Importer of Power Controlling Equipments, Battery Charges, Ground Power Units and Inverters also provides after sale support for the same. (Registered activity and also Confirmed by management)

Products :

Item Code No.

Product Description

31104

31109

31903

Manufacturing Production of Inverters / Solar energy equipments etc.

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

Africa

Imports :

Products :

Raw Material

Countries :

Dubai
Poland
Australia
Singapore

Terms :

Selling :

Cheque and Credit (30 Days)

Purchasing :

Cheque and Credit (30 Days)

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

AKW Electronics
A.B. Pal Trading Corporation
ADOS Electronics
Aerol Formulations Private Limited
Airmaster Rectifiers Private Limited
Aman Tractors
Amar Radio Corporation
Amkay Engineering Private Limited
Apar Industries Limited
Electra Bell
Jakson Limited
Messe Duesseloef India Private Limited
Shubham Electrical
Arham Associate
Attera Transport
Bhurji Electroniks Private Limited
Bombay Electric Store
Cat Compumech Private Limited
Choudhary Trading Company
Connectwell Electronics Company
Cosmo Ferites Limited
Elent Electronic Private Limited
Fibox India Private Limited
Hindustan Metals
Hot Well Electricals Network Inc.
TNT India Private Limited

Reference :	Dewan Radios Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Remark:	--

Customers :

Energys Private Limited
Andy Solar Private Limited
Arise India Limited
Exo World Solar
Gori Enterprises
High Ground Energy Private Limited, Uttar Pradesh
Inter Solar Systems
Kamla Instruments
MMS Advisory Private Limited
Siga Intenational INC
Sun Solar Enterprises
Surya International
Vaini marketing Private Limited
ACI Oils Private Limited
ACME Cleantech Solutions Private Limited
Amrit Corp Limited
ARC Solar System
Manvi Steel
Punam Energy Private Limited
Statcon Power Control Limited
Ujaas Energy Limited

Reference :	44 Noida Infratech (Two) Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

300 (Approximately)

Bankers :

Bank Name	State Bank of India
Branch	SME Branch, Sector – 18, Pharma Palace Complex, Gauram Budh Nagar, Noida – 201301, Uttar Pradesh, India
Person Name (With Designation)	--
Contact Number	91-120-2514857
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)	--

SIDBI, Zygon Square, 5th Floor, Plot No. 1, Block-H1A, Sector-63, Noida - 201307, Uttar Pradesh, India

Facilities :

Secured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Vehicle Loan	1.492	3.900

Short-term borrowings
Working Capital Loan	30.192	0.000
Total	31.684	3.900

Auditors :
Name :	AAR and Associates Chartered Accountants
Address :	701-702, R.G. Trade Tower, Netaji Subhash Place, Pitam Pura, New Delhi – 110034, India
Tel No.:	91-11-47381100 / 08 / 05 / 41053317 – 19
Fax No.:	91-11-47381109 / 49070902
Email Id:	info@apac.in
Website :	www.apac.in www.aarindia.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAPFA4079G

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 30.09.2016

Authorised Capital : INR 200.000 Million

Issued, Subscribed & Paid-up Capital : INR 18.239 Million

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount

500000	Equity Shares	INR 100/- each	INR 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

182387	Equity Shares	INR 100/- each	INR 18.239 Million

FINANCIAL DATA

[all figures are in INR Million]

Particulars

31.03.2017

Sales Turnover

580.000

(Due to more order)

The above information has been parted by Mr. Sumit Yadav (Finance Department)

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	18.239	8.239	8.239
(b) Reserves & Surplus	11.211	2.192	(0.967)
(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)	29.450	10.431	7.272

(3) Non-Current Liabilities
(a) long-term borrowings	3.070	3.900	0.000
(b) Deferred tax liabilities (Net)	0.000	0.112	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)	3.070	4.012	0.000

(4) Current Liabilities
(a) Short term borrowings	30.192	0.000	0.000
(b) Trade payables	197.896	67.518	0.000
(c) Other current liabilities	15.972	0.713	0.000
(d) Short-term provisions	4.672	1.000	0.034
Total Current Liabilities (4)	248.732	69.231	0.034

TOTAL	281.252	83.674	7.306

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	29.050	13.571	3.384
(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)	0.179	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	29.229	13.571	3.384

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	71.007	4.989	0.000
(c) Trade receivables	148.828	63.811	2.878
(d) Cash and cash equivalents	11.062	0.639	1.022
(e) Short-term loans and advances	21.126	0.664	0.022
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	252.023	70.103	3.922

TOTAL	281.252	83.674	7.306

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	380.829	67.134	0.000
	Other Income	0.396	0.000	0.097
	TOTAL	381.225	67.134	0.097

Less	EXPENSES
	Cost of Materials Consumed	255.567	6.739	0.000
	Purchases of Stock-in-Trade	99.052	56.262	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(48.527)	(1.035)	0.000
	Employees benefits expense	16.679	0.226	0.000
	Other expenses	39.109	1.020	0.352
	TOTAL	361.880	63.212	0.352

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	19.345	3.922	(0.255)

Less	FINANCIAL EXPENSES	2.323	0.000	0.000

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	17.022	3.922	(0.255)

Less/ Add	DEPRECIATION/ AMORTISATION	3.775	0.031	0.142

	PROFIT/ (LOSS) BEFORE TAX	13.247	3.891	(0.397)

Less	TAX	4.329	1.112	0.000

	PROFIT/ (LOSS) AFTER TAX	8.918	2.779	(0.397)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(0.100)	(3.260)	(2.863)

	Addition for Adjustment	0.000	0.381	0.000

	Balance Carried to the B/S	8.818	(0.100)	(3.260)

	Earnings / (Loss) Per Share (INR)	49.00	34.00	--

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
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	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Total Income * 365 Days)	142.64	346.93	10829.59

Account Receivables Turnover (Total Income / Sundry Debtors)	2.56	1.05	0.03

Average Payment Days (Sundry Creditors / Purchases * 365 Days)	203.69	391.17	0.00

Inventory Turnover (Operating Income / Inventories)	0.27	0.79	0.00

Asset Turnover (Operating Income / Net Fixed Assets)	0.67	0.29	(0.08)

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.90	0.87	0.00

Debt Equity Ratio (Total Liability / Networth)	1.13	0.37	0.00

Current Liabilities to Networth (Current Liabilities / Net Worth)	8.45	6.64	0.00

Fixed Assets to Networth (Net Fixed Assets / Networth)	0.99	1.30	0.47

Interest Coverage Ratio (PBIT / Financial Charges)	8.33	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Total Income) * 100)	%	2.34	4.14	(409.28)

Return on Total Assets ((PAT / Total Assets) * 100)	%	3.17	3.33	(5.43)

Return on Investment (ROI) ((PAT / Networth) * 100)	%	30.28	26.64	(5.46)

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.01	1.01	115.35

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.73	0.94	115.35

G-Score Ratio Financial (Networth / Total Assets)	0.10	0.12	1.00

G-Score Ratio Debt (Debts / Equity Capital)	1.82	0.47	0.00

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.01	1.01	115.35

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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	8.239	8.239	18.239
Reserves & Surplus	(0.967)	2.192	11.211
Net worth	7.272	10.431	29.450

Long Term borrowings	0.000	3.900	3.070
Short Term borrowings	0.000	0.000	30.192
Total borrowings	0.000	3.900	33.262
Debt/Equity ratio	0.000	0.374	1.129

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Total Income	0.097	67.134	381.225
		69,110.309	467.857

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Total Income	0.097	67.134	381.225
Profit / (Loss)	(0.397)	2.779	8.918
	(409.28%)	4.14%	2.34%

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	--
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)	Yes
16	No. of employees	Yes
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	No
26	Turnover of firm for last four 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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

GENERAL INFORMATION

Subject is engaged in the business of Manufacturing and Trading of Power Controlling Equipments, Battery Charges, Ground Power Units and Inverters also provides after sale support for the same. The company has a manufacturing Plant at Pilkhawa (Uttar Pradesh) and Branches at Noida, Ranchi and Delhi in India. The company is Private Limited Company incorporated in July 2016 1991.

UNSECURED LOAN

Unsecured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Unsecured loan	1.578	0.000
Total	1.578	0.000

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G81269839	100164242	SIDBI	27/03/2018	-	-	18200000.0	Zygon Square, 5th Floor, Plot No. 1, Block-H1A, Sector-63, Noida - 201307, Uttar Pradesh, India
2	G70311873	100140334	STATE BANK OF INDIA	22/11/2017	-	-	405200000.0	SME Branch, Sector – 18, Pharma Palace Complex, Gauram Budh Nagar, Noida – 201301, Uttar Pradesh, India
3	G38024121	100082338	SIDBI	10/03/2017	-	-	15000000.0	5th Floor, Plot No. 1, Block-H1A, Sector-63, Noida - 201307, Uttar Pradesh, India
4	G82636796	10607929	DENA BANK	30/11/2015	03/08/2016	09/03/2018	165000000.0	B-9, Sector – 18, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India
5	C67985978	90043895	DENA BANK	08/09/2003	04/02/2010	14/10/2015	8000000.0	Okhla Industrial Estate, Okhla Phase-IIII, New Delhi – 10020, India

FIXED ASSETS

Land
Office Equipment
Vehicles
Plant and Machinery
Building
CWIP
Computer
Furniture and Fixture
Electrical Installation
Tools Tackles

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 67.62
UK Pound	1	INR 89.70
Euro	1	INR 78.19

INFORMATION DETAILS

Information Gathered by :	SPR

Analysis Done by :	PRY

Report Prepared by :	SUJ

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	YES
--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)

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