KELVION INDIA PRIVATE LIMITED - Full Company View Saved by Rishiraj Jadhav | 10/06/2021

Summary

Order Reference: Rishiraj.Jadhav@Teconnex.com  |  Report as of: 10/06/2021  |  using Currency as INR

KELVION INDIA PRIVATE

LIMITED
Tradestyle(s): KELVION
ACTIVE HEADQUARTERS

Address: Plot No. A-31/32,, Nighoje Chakan,, 410501,

Pune, IN
Phone: 02135 619 500
D-U-N-S: 91-525-7133
Registration Number: U28129PN2005PTC140270
In Portfolio: No

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PAYDEX ® Age of Business Employees D&B Rating

79 16 years 321 5A3

2005 Year Started

Company Pro le

D-U-N-S Annual Sales Age (Year Started)

91-525-7133 ₹ 2,537,945 16 (2005)
Legal Form Employees Line of Business
Private Limited Liability Company 321 Heat exchangers, condensers, and
Telephone components
02135 619 500

Risk Assessment

Overall Business Risk

LOW LOW-MODERATE MODERATE MODERATE-HIGH HIGH

Dun & Bradstreet Thinks...

Overall assessment of this company: STABLE CONDITION

Based on the risk of failure: LIKELIHOOD OF CONTINUED OPERATIONS
Based on ability to pay and actual payment behavior from trade credit data: EXCELLENT FINANCIAL STRENGTH WITH FAVORABLE
PAYMENT BEHAVIOR

PAYDEX ®

79
Low Risk (100) High Risk (0)
Days Beyond Terms : 1

D&B Rating

5A3

Trade Payments

Largest High Credit

Average High Credit

₹ 2,635,000

Ownership

This company is a Domestic Ultimate, Headquarters, Subsidiary

Global Ultimate
Mangrove LuxCo II S.à r.l.
LUXEMBOURG
D-U-N-S Number 37-186-1700

Domestic Ultimate
KELVION INDIA PRIVATE LIMITED
INDIA
D-U-N-S Number 91-525-7133

Immediate Parent
Kelvion PHE GmbH
GERMANY
D-U-N-S Number 34-398-9075

Total Members in Family Tree - 20

Subsidiaries Branches

5 2

Financial Overview
 Source: D&B

Balance sheet Fiscal (individual) 31/03/2019 Amount (In Thousands)

Net Worth: ₹ 1,590,601

Total Current Assets: ₹ 2,188,409

Total Fixed Assets: ₹ 658,248

Total Assets: ₹ 2,846,657
Total Current Liabilities: ₹ 1,201,706
Long Term Debt: ₹ 54,350
Total Liabilities: ₹ 1,256,056

Pro t & Loss Fiscal (individual) 31/03/2019 Amount (In Thousands)

Sales: ₹ 2,537,945

Key Business Ratios Ratio for the Business

Current Ratio: 1.82

Quick Ratio: 0.65

Total Liabilities Over Net Worth: 1.27

Country/Regional Insight

India Risk Category

LOW MODERATE HIGH

Low Risk High Risk

We have downgraded the country risk rating to DB5c and the rating outlook to 'deteriorating' as the
pandemic surges and restrictions multiply at state level, a ecting the manufacturing sector.

Delivery Date: Jun 10, 2021

Subscriber No: 356992956
D&B Report Reference: Rishiraj.Jadhav@Teconnex.com

KELVION INDIA PRIVATE LIMITED

ACTIVE BUSINESS

Trading Style: KELVION

Address: Plot No. A-31/32, Nighoje Chakan, Pune 410501 Maharashtra India
Telephone(s): (+91) 02135 619500 (+91) 9316089361
D-U-N-S : 91-525-7133

IDENTIFICATION & SUMMARY 

IDENTIFICATION

D-U-N-S : Business Group: E-Mail:

91 525 7133 KELVION GROUP ketan acharya@kelvion com

91-525-7133 KELVION GROUP ketan.acharya@kelvion.com

Registration No: Website:

U28129PN2005PTC140270 www.kelvion.com

SUMMARY

Type of Business: Primary SIC: Registered charge:

Private Limited Liability Company 3443 0200 No

Established: Line of Business: Employs:

Mar 24, 2005 Manufactures heat exchangers, condensers, and 321 (Total)
components
Control:

Mar 24, 2005 Exports:

Yes
Imports:

Yes

RISK EVALUATION SUMMARY

D&B Rating 5A3 Principal(s) 2

Former Rating 5A3 Sales / Income 2,537,945 (in Thousands)

Record Clear Authorized Capital 50,000,000 INR

Current Ratio 1.82 Issued Capital 481,430 INR

Quick Ratio 0.65 Paid-up Capital 481,430 INR

Pro t Margin / Return on 2.30 %

Sales

Return on Assets 2.05 %

Currency

All monetary amounts quoted in this report are shown in Indian Rupee, unless otherwise stated

Street Address
Plot No. A-31/32,
Nighoje Chakan, Pune 410501
Maharashtra India

RISK ASSESSMENT 

Risk Indicator
Risk Level of the Company is :
3
FAIR

Low Risk (1) High Risk (4)

D&B Rating Former Rating

Financial Strength Risk Indicator Financial Strength Risk Indicator

5A 3 5A 3
Based on Networth Fair (Slightly Above Average Risk - Based on net worth Fair
Monitor)

The Dun & Bradstreet Rating of 5A3 indicates:

Financial Strength of INR over 645,950,000 based on net worth

A Risk Indicator which is Fair

COMPREHENSIVE RISK INDEX 

Comprehensive Risk Index as of Dec 24, 2019

The Risk Index re ects D&B's opinion of the risk associated with trading with a speci c business, notably the likelihood of business continuance or failure.

Comprehensive Risk Index of this Business

Risk level of the Company is: Average Risk

51
Low Risk (100) High Risk (1)

Comprehensive Risk Index Comments

The Comprehensive Risk Index is derived from a composite of nancial and non- nancial parameters

Comprehensive Risk Range Risk Index Guide to Interpretation

76 - 100 Very Low Risk Extremely stable business and excellent

market standing. Business transactions
highly sustainable

61 - 75 Low Risk Above average degree of business

stability and market standing. Business
transactions sustainable

41 - 60 Average Risk Moderate business stability and market

standing. Business transactions
sustainable with close monitoring

26 - 40 High Risk Low business stability and below average

market standing. Business transactions
sustainable with adequate collaterals and
safegaurds

1 - 25 Very High Risk Very low business stability and poor

market standing. May refrain from
business transactions

TRADE PAYMENTS 

PAYDEX

Paydex is a 1 to 100 dollar-weighted numerical indicator of payment performance of the company as reported to D&B.

Paydex for the Company

 y p y

A Paydex of 79 indicates that payments to suppliers of this company

79 are generally received 2 days beyond terms.

The Company has a higher Paydex than its industry.
Low Risk (100) High Risk (1)

Risk of Slow Payment Paydex Payment Behaviour

Moderate Low Risk 79 2 days beyond terms

TRADE PAYMENT SUMMARY

Value No of Within 1-30 31-60 61-90 91+ TOTAL

Bands Exp Terms Days Days Days Days Value
(INR) (INR)

>50,000,000 0 0% 0% 0% 0% 0% 0

10,000,000 - 0 0% 0% 0% 0% 0% 0
50,000,000

5,000,000 - 0 0% 0% 0% 0% 0% 0
10,000,000

1,000,000 - 13 92% 8% 0% 0% 0% 32,500,000

5,000,000

200,000 - 0 0% 0% 0% 0% 0% 0
1,000,000

<200,000 19 26% 13% 9% 7% 45% 380,000

Settlements/ 0 0% 0% 0% 0% 0% 0
Debts

TOTAL 32 92% 7% 0% 0% 1% 32,880,000

TRADE PAYMENT EXPERIENCES

Maximum of 200 trade experiences within 24 months are displayed.

Date Paying Currency High Now Past Payment Last Sale

Record Credit Owes Due Terms

Dec 31, 2020 SLOW 60 INR 10,000 10,000 10,000 0 Oct 31, 2020

Nov 30, 2020 SLOW 30 INR 25,000 10,000 10,000 0 Oct 30, 2020

Oct 31, 2020 PROMPT/SLO INR 25,000 25,000 5,000 0 Oct 30, 2020
W 30

Sep 30, 2020 PROMPT INR 25,000 5,000 0 0 Sep 29, 2020

Jul 31, 2020 SLOW 120 INR 25,000 25,000 25,000 0 Jun 30, 2020

Jun 30, 2020 PROMPT INR 2,500,000 2,000,000 0 Net 48 Jun 29, 2020

Jun 30, 2020 SLOW 120 INR 25,000 25,000 25,000 0 Jun 29, 2020

May 31, 2020 PROMPT/SLO INR 2,500,000 1,500,000 500,000 Net 48 May 30, 2020
W 30

May 31, 2020 SLOW 90-120 INR 25,000 25,000 25,000 0 May 30, 2020

Apr 30, 2020 SLOW 30-90 INR 2,500,000 1,500,000 1,500,000 Net 48 Mar 30, 2020
 Apr 30, 2020 SLOW 120 INR 25,000 25,000 25,000 Net 30 Dec 31, 2019

Apr 30, 2020 SLOW 60-90 INR 25,000 25,000 25,000 0 Mar 30, 2020

Mar 31, 2020 PROMPT INR 2,500,000 2,000,000 50,000 Net 48 Mar 30, 2020

Mar 31, 2020 SLOW 120 INR 25,000 25,000 25,000 Net 30 Dec 01, 2019

Mar 31, 2020 SLOW 30-60 INR 25,000 25,000 25,000 0 Feb 29, 2020

Feb 29, 2020 PROMPT INR 2,500,000 2,000,000 0 Net 48 Feb 28, 2020

Feb 29, 2020 PROMPT/SLO INR 25,000 25,000 5,000 0 Feb 28, 2020
W 30

Feb 28, 2020 SLOW 120 INR 25,000 25,000 25,000 Net 30 Oct 30, 2019

Jan 31, 2020 PROMPT INR 2,500,000 2,500,000 0 Net 48 Jan 30, 2020

Jan 31, 2020 SLOW 120 INR 25,000 25,000 25,000 Net 30 Oct 02, 2019

Jan 31, 2020 PROMPT INR 25,000 25,000 0 0 Jan 30, 2020

Dec 31, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Dec 30, 2019

Nov 30, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Nov 29, 2019

Oct 31, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Oct 30, 2019

Sep 30, 2019 PROMPT INR 2,500,000 2,500,000 75,000 Net 48 Sep 29, 2019

Sep 30, 2019 SLOW 120 INR 5,000 5,000 5,000 0 Jun 01, 2019

Aug 31, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Aug 30, 2019

Aug 31, 2019 SLOW 120 INR 5,000 5,000 5,000 0 May 02, 2019

Jul 31, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Jul 30, 2019

Jul 31, 2019 SLOW 120 INR 5,000 5,000 5,000 0 Apr 01, 2019

Jun 30, 2019 PROMPT INR 2,500,000 2,500,000 0 Net 48 Jun 29, 2019

Jun 30, 2019 SLOW 120 INR 5,000 5,000 5,000 30 Mar 01, 2019

CURRENT INVESTIGATION 

INVESTIGATION INFORMATION

Other comments : The information in this report has been compiled from D&B known sources and its
independent research

Date : Nov 27, 2020

FINANCIAL INFORMATION 

COMPARATIVES

Particulars Fiscal Fiscal Fiscal

Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Thousands Thousands Thousands
Indian Rupee Indian Rupee Indian Rupee
 Current Assets 2,188,409 1,784,660 1,680,041

Current Liabilities 1,201,706 746,067 634,320

Working Capital 986,703 1,038,593 1,045,721

Other Tangible Assets 656,538 539,681 502,674

Non-Current Liabilities 54,350 47,182 35,800

Tangible Net-Worth 1,588,891 1,531,092 1,512,595

Sales / Income 2,537,945 1,899,703 1,812,076

Pro t (Loss) After Tax 58,264 122,666 93,859

Inventory 1,173,617 653,973 509,455

Cash & Bank 56,809 140,158 133,707

Accounts Receivable 718,433 818,660 891,344

Fixed Assets 608,008 523,960 491,480

Accounts Payable 709,032 544,755 395,769

RATIOS

Particulars Mar 31, 2019 Mar 31, 2018 Mar 31, 2017

GROWTH TREND

Sales Growth (%) 33.60 4.84

Net Pro t Growth (%) - 30.69

LIQUIDITY RATIOS

Current Ratio 1.82 2.39 2.65

Quick Ratio 0.65 1.29 1.62

Total Liabilities to Net Worth 79.05 51.81 44.30

Ratio (%)

EFFICIENCY RATIOS

Collection Period (days) 103.32 157.29 179.54

Sales to Inventory (times) 2.16 2.90 3.56

PROFITABILITY RATIOS

Return on Sales (%) 2.30 6.46 5.18

Return on Net worth (%) 3.67 8.01 6.21

HISTORICAL PERFORMANCE: BALANCE SHEET

Assets Fiscal Fiscal Fiscal

Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Thousands Thousands Thousands
Indian Rupee Indian Rupee Indian Rupee

Cash & Bank 56,809 140,158 133,707

Inventory 1,173,617 653,973 509,455

Deposit-Short Term 4,194 9,037 13,204

Accounts Receiveable 718,433 818,660 891,344

Other Receivables / Accruals 519 331 147

Prepayments 18,926 1,494 1,649

Loans & Advances 16,818 63,660 37,497

Other Current Assets 74,752

TDS & Advance Tax 199,093 85,161 6,100

Current Investments 12,186 12,186

Total Current Assets 2,188,409 1,784,660 1,680,041

Land & Building 308,756 256,930 235,152

Leasehold Improvements 892 1,910 2,927

Plant & Equipment 240,443 235,572 221,459

Transportation Vehicles 4,766 5,850 6,934

Furniture Fixtures & Fitting 3,192 4,334 4,834

O ce Equipment 7,439 3,367 2,406

Assets in Construction 15,152

Other Fixed Assets 19,910 12,414 14,085

Computers & other IT 7,458 3,583 3,683

Equipment

Total Fixed Assets 608,008 523,960 491,480

Total Investments 0 0 0

Long-Term Deposits 11,518 8,453 6,461

Other Assets 37,012 7,268 4,733

Total Other Assets 48,530 15,721 11,194

Other Intangibles 18

Software 1,710 1,244 12,945

Total Intangibles 1,710 1,244 12,963

TOTAL ASSETS 2,846,657 2,325,585 2,195,678

Liabilities Fiscal Fiscal Fiscal

Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Thousands Thousands Thousands
Indian Rupee Indian Rupee Indian Rupee

Accounts Payable 709,032 544,755 395,769

Current Portion of Long Term 791 1,022 1,134

Debt

Due to Customers 282,560 69,788 48,734

 Other Payables / Accruals 194,194 112,937 63,425

Provision income Tax 101 6,285 3,798

Provisions 15,028 11,280 13,488

Other Current Liabilities 107,972

Total Current Liabilities 1,201,706 746,067 634,320

Loans Hire Purchase 3,239 4,031 5,053

Deferred Taxation 18,588 18,949 10,659

Provisions 32,523 24,202 10,422

Provident & Pensions 9,166

Other Non-Current Liabilities 500

Total Non-Current Liabilities 54,350 47,182 35,800

TOTAL LIABILITIES 1,256,056 793,249 670,120

Capital 481 481 481

General Reserves 2,000 2,000 2,000

Share Premium 810,886 810,886 810,886

Retained Earnings (Loss) 777,234 718,969 712,191

TOTAL EQUITY 1,590,601 1,532,336 1,525,558

TOTAL LIABILITIES & EQUITY 2,846,657 2,325,585 2,195,678

Accounts quali ed by auditor: Yes

As on 31st March 2019, the company has undisputed due of INR 3,626/- payables towards Provident Fund dues which are in arrear for a period of more
than six months from the date they became payable. As on 31st March 2019, the company has outstanding dues in respect Sales Tax, Income tax, INR
7,049,304/- which are not deposited as they are pending under dispute.

HISTORICAL PERFORMANCE: PROFIT & LOSS

Particulars Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
12 12 12
Thousands Thousands Thousands
Indian Rupee Indian Rupee Indian Rupee

Sales / Income 2,537,945 1,899,703 1,812,076

Less: Cost of Sales -1,930,406 -1,339,070 -1,280,017

Gross Pro t (Loss) 607,539 560,633 532,059

Other Operating Income 41,463 34,225 30,773

Depreciation / Amortisation -49,714 -56,487 -54,149

General Operating Expenses -612,341 -469,707 -394,032

Net Operating Pro t (Loss) -13,053 68,664 114,651

after depn and Before interest

Other Non-Operating Income 106,910 132,291 40,938

Total Financial Expenses -10,240 -12,518 -11,108

 Pro t Before Extraordinary 83,617 188,437 144,481
Items and Tax - India only

Plus (Minus) Extraordinary 5,207

Items

Net Pro t Before Taxation & 88,824 188,437 144,481

After Extraordinary Items

Income Tax -30,560 -65,771 -50,622

Net Pro t (Loss) After 58,264 122,666 93,859

Taxation

Net Pro t (Loss) After 58,264 122,666 93,859

Taxation & Extraordinary
Items

Less: Dividends -115,888

Prior Year Adjustments 1 1

Plus (Minus) Retained Earnings 718,969 712,191 618,331

b/forward

Retained Earnings (Loss) 777,234 718,969 712,191

c/forward

HISTORY 

BACKGROUND

This Private Limited Liability Company was started in Mar 24, 2005, having registration no.U28129PN2005PTC140270, and has its registered o ce at Plot
No. A-31/32, Nighoje, Chakan, Pune, Maharashtra, 410501 India
The last AGM date was Sep 29, 2018. The last Financial Statement Date being Mar 31, 2019.

TAX & OTHER REGISTRATION DETAILS

Tax Registration Number: AACCG3264H

Registration Type: Goods and Services Tax (GST)

Registration Number: 27AACCG3264H1ZO

Registration Type: Permanent Account Number

Registration Number: AACCG3264H

CHANGES

Name Changes:
Original business name registered as: Gea Eco ex India Private Limited
On Jan 19, 2016, the subject registered a change in name to Present name

CAPITAL

Authorized Capital: 50,000,000.00 INR

Issued Capital: 481,430.00 INR

Paid-up Capital: 481,430.00 INR as on date Sep 29, 2020

Ordinary Shares: 48,143.00 at par value 10 INR

 y p

Capital Distribution:
The following details represent the Full Shareholders List
Ordinary Shares:

Shareholders Stock Qty

Kelvion PHE GmbH 48143

The Company has a total of 1 shareholders.

Shareholding as at Mar 31, 2019

Shareholding details provided by: annual report

CAPITAL HISTORY

Year of Change Capital Type Nature of Change From To Currency

Aug 18, 2009 Authorized Capital increased 10,000,000.00 50,000,000.00 Indian Rupee

Oct 16, 2009 Paid-up Capital increased 100,000.00 109,000.00 Indian Rupee

Sep 19, 2014 Paid-up Capital increased 109,000.00 481,430.00 Indian Rupee

LEGAL REPRESENTATIVES

Auditors
Khimji Kunverji & Co. LLP
Sunshine Tower, Senapti Bapat Marg, Elphinstone Road, Mumbai-400013, Maharashtra, India

ASSOCIATIONS

The subject company was awarded 9001:2008

The subject company was awarded 14001:2004
The subject company was awarded OHSAS18001:2007

LOCATION 

PREVIOUS ADDRESSES

Type of address Former Mailing Address

Street 1 6 D, Juniper Eden Woods,

Street 2 Road No 2, O Pokaran,

City Thane

Postal code 400601

State Maharashtra

Country India

Date of Change Jun 27, 2011

Type of address Former Mailing Address

Street 1 R-493, MIDC TTC Industrial Area,

 City Navi Mumbai

Postal code 400701

State Maharashtra

Country India

FACILITIES

At this address the subject company maintains Administrative o ce,

CORPORATE STRUCTURE 

PARENT

The subject is a subsidiary of:

Name KELVION PHE GMBH

D-U-N-S: 34-398-9075

Location Type: 31157, Germany

Details: Ownership: 100 %

SUBSIDIARIES

Name: Kelvion FZE

Address: United Arab Emirates

No.of Shares owned: 100 %

BRANCHES

The Principal branch location(s) are as follows:

D&B D-U-N-S: 65-042-7599

Address: C/28, MIDC Industrial Area, Chakan, Village Mahalunge, Tal-Khed, Pune, Maharashtra,
410501, India

Location Type: Plant/Factory

Address: Old No 17/1, New No 47, Saidapet, Velachery Main Road, Little Mount, Chennai, Tamil Nadu,
600015, India

Location Type: Regional o ce

Address: New Delhi, Delhi, India

Location Type: Regional o ce

Address: Kolkata, West Bengal, India

Location Type: Regional o ce

Address: Bangalore, Karnataka, India

Location Type: Regional o ce

 Address: Hyderabad, Telangana, India

Location Type: Regional o ce

Address: 403/404, Odyssey It Park, Road No-9, Wagle Indl, Estate, Thane West, Thane, Maharashtra,
India

OPERATIONS 

LINE OF BUSINESS

LOB Description: Engaged in manufacturing of plate heat exchangers, heating ventilation and air conditioning
systems and refrigeration technology systems.

Manufactures heat exchangers, condensers, and components

3443-0200

Manufactures heat exchangers: coolers (after, inter), condensers, etc.

3443-0209

Manufactures ventilating fans: industrial or commercial

3564-0205

Manufactures heat exchangers, plate type

3443-0208

Manufactures condensers, steam

3443-0205

Wholesales electrical apparatus and equipment

5063-0000

SALES TERRITORY

Export

Year Amount Currency Unit

FY 2019 611,534.00 INR Thousands

FY 2018 308,218.00 INR Thousands

FY 2017 402,386.00 INR Thousands

Import

Year Amount Currency Unit

FY 2019 837,028.00 INR Thousands

FY 2018 415,704.00 INR Thousands

FY 2017 310,053.00 INR Thousands

EMPLOYEES

Current:

Total Employees: 321

Previous:

Total Employees: 451

PRINCIPALS 

PRINCIPALS

Name: Harald Gossl

ID No: 08611160

Name: Emmanuel Jeganathan Ferdinand

ID No: 01180294

EXECUTIVES

Name: Harald Gossl

Year of Birth: 1966

Current Title: Director

Appointed to Present Position: Nov 14, 2019

Active in daily operations: No

Identify No 08611160

Name: Emmanuel Jeganathan Ferdinand

Current Title: Director

Appointed to Present Position: Jun 25, 2020

Identify No 01180294

Other Directorship

DUNS Company Employed Position Held

650083012 MAN TURBO INDIA PRIVATE LIMITED Director

864406093 MAN TURBOMACHINERY INDIA PRIVATE Director

LIMITED

916369069 SIEMENS INDUSTRIAL TURBOMACHINERY Director

SERVICES PRIVATE LIMITED

NEWS & ALERTS 

Report Date: Nov 30, 2020

Source: Watchoutinvestors

Reported Data: As observed from the data available from the Watchout Investors list that is publicly
available, the subject is not enlisted as a defaulter

Report Date: Oct 16, 2020

 Source: NCLT Cause List

Reported Data: Application led Mentioning under section 9 of IBC by Applicant T S INDUSTRYS on KELVION
INDIA PRIVATE LIMITED vide CA/CP # CP(IB)941/MB/2020 in Mumbai Bench under Mumbai
Bench Court-V ,daily cause list dated 06-10-20

Report Date: Aug 16, 2020

Source: NCLT Cause List

Reported Data: Application led Mentioning under section 9 of IBC by Applicant Meenakshi Metal Forms on
Kelvion India Private Limited vide CA/CP # C.P.(IB)-791(MB)/2020 in Mumbai Bench under
Court-III (Mumbai Bench) ,daily cause list dated 12-03-20

Report Date: Jun 30, 2020

Source: Watchoutinvestors

Reported Data: As observed from the data available from the Watchout Investors list that is publicly
available, the subject is not enlisted as a defaulter

APPENDICES 

CUSTOMER SERVICE

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CIN: U74140MH1997PTC107813

Inquiries should contain the below minimum details:

Full Company Name
Full Headquarters Address
Telephone Number
Business Identi cation Number
Contact Name
Reference
Order Date

D&B RATING GLOSSARY

The D&B Rating - The D&B rating consists of two parts, the Financial Strength Indicator and the Risk Indicator.
For example: in the case of a 2A 4 rating, 2A means the nancial strength of the business and the 4 is the risk indicator.
The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator re ects D&B's opinion of the risk associated with trading
with a speci c business, notably the likelihood of business continuance or failure over the next 12 months. Created from expert rules system, the Risk
Indicator is refreshed whenever data is loaded onto our database. Please see the table below for the Risk Indicators and their corresponding values.

ER Rating

Rating # of Employees
 ER 1 1000 +

ER 2 500-999

ER 3 100-499

ER 4 50-99

ER 5 20-49

ER 6 10-19

ER 7 5-9

ER 8 1-4

ER N Not Available

Financial Strength Indicator

Rating table - India

Figures in Indian Rupee

NetWorth Range

5A 645950000 and over

4A 129190000 to 645949999

3A 64595000 to 129189999

2A 12919000 to 64594999

1A 7751400 to 12918999

B 3875700 to 7751399

C 1219900 to 3875699

D 516760 to 1219899

E 155028 to 516759

F 51676 to 155027

G Up to 51675

Risk Indicator Condition Credit Risk Interpretation

1 Strong MinimumRisk Proceed with transaction -

o er extended terms if
required

2 Good LowRisk Proceed with transaction

3 Fair Slightly greater than average Proceed with transaction but

risk monitor closely

4 Limited Signi cant level of risk Review each case before

extending credit and obtain
more information. Take
suitable assurances before
extending credit, guarantees
may be needed

- Undetermined Insu cient information to Assigned to concerns where

assign a Rating there is insu cient
 g g
information to express any
opinion on the condition,
nancial soundness or
payment history of the
concern. A concern with no
telephone number will also be
assigned a "-" condition

Alternate Ratings Used

NQ Subject is Not Quali ed for rating, as its ceased operations.

NB Commercial operation usually less than 24 months.

N Balance sheet shows negative net worth

FB Subject is the branch of a company located in another country

BR Subject is a branch location

- A situation exists which is not ratable

DS This is a Dun Support record with limited information.

O A Financial Strength which is Undisclosed.

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