MIRA INFORM REPORT
|
Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAMKRISHNA CARE MEDICAL SCIENCES PRIVATE LIMITED (w.e.f. 30.12.2008) |
|
|
|
|
Formerly Known
As : |
RAMKRISHNA SURGICAL NURSING HOME PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9/284, Budhapara, Raipur-492001, Chattisgarh |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
23.08.1998 |
|
|
|
|
Com. Reg. No.: |
10-013035 |
|
|
|
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Capital Investment/
Paid-up Capital: |
Rs. 7.410
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110CT1998PTC013035 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Providing Health Care Services. |
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|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
9/284, Budhapara, Raipur-492001, |
|
Tel. No.: |
91-771-3060500 |
|
Fax No.: |
91-771-3060500 |
|
E-Mail : |
DIRECTORS
As on 31.12.2010
|
Name : |
Mr. Bhupathiraju Soma Raju |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
6-3-248/2, Road No. 1, Banjara Hills, Hyderabad-500034, |
|
Date of Birth/Age : |
14.08.1946 |
|
Date of Appointment : |
07.04.2007 |
|
DIN No.: |
01226532 |
|
|
|
|
Name : |
Mr. Nallamal Krishna Reddy |
|
Designation : |
Director |
|
Address : |
2-3/1, Street No. 2, Kakatiya Nagar, Habsiguda, Hyderabad-500007, |
|
Date of Birth/Age : |
01.03.1961 |
|
Date of Appointment : |
07.04.2007 |
|
DIN No.: |
00910584 |
|
|
|
|
Name : |
Mr. Sandeep Dave |
|
Designation : |
Director |
|
Address : |
Bhdhapara, Raipura-492001, |
|
Date of Birth/Age : |
23.06.1962 |
|
Date of Appointment : |
28.08.1998 |
|
DIN No.: |
01665185 |
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|
|
|
Name : |
Mr. Mohammad Abdul Saleem |
|
Designation : |
Director |
|
Address : |
8-2-401 A and B, 301, Sowbhagya Sadan, Road No. 5, Banjara Hills,
Hyderabad-500034, |
|
Date of Birth/Age : |
06.07.1947 |
|
Date of Appointment : |
07.04.2007 |
|
DIN No.: |
01455880 |
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|
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Name : |
Mrs. Samidha Dave |
|
Designation : |
Director |
|
Address : |
Budhapara, Raipur-492001, |
|
Date of Appointment : |
25.08.2009 |
|
DIN No.: |
02777961 |
|
|
|
|
Name : |
Dr. Pankaj Dabalia |
|
Designation : |
Director |
|
Address : |
34/602, Byron Bazar, Fawra Chowk, Raipur-492001, |
|
Date of Birth/Age : |
13.02.1963 |
|
Date of Appointment : |
07.04.2007 |
|
|
|
|
Name : |
Mr. Bhupathiraju Kasi Raju |
|
Designation : |
Director |
|
Address : |
Shanti Nilayam 8-2-461/A, Plot No. 29, Road No. 5, Banjara Hills,
Hyderabad-500034, |
|
Date of Birth/Age : |
18.01.1968 |
|
Date of Appointment : |
02.02.2011 |
|
DIN No.: |
01117114 |
|
|
|
|
Name : |
Mrs. Jyoti Anil Kumar |
|
Designation : |
Director |
|
Address : |
Plot No. 9 and 10, Golf Pride Homes, Swarnandhra, Phase 2, Yapral, J J
Nagar, Secunderabad-500087, Andhra Pradesh, India |
|
Date of Birth/Age : |
04.02.1949 |
|
Date of Ceasing: |
02.02.2011 |
|
DIN No.: |
02690245 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Samidha Dave |
|
21900 |
|
Sandeep Dave |
|
152900 |
|
Shashikala Dave |
|
2700 |
|
Ajay Parashar |
|
10600 |
|
Jawad Naqvi |
|
8500 |
|
|
|
10000 |
|
Pankaj Dhabalia |
|
16000 |
|
Prakash Chuhan |
|
4600 |
|
Prashant Bhagwat |
|
4000 |
|
S |
|
15000 |
|
Siddharth Tamaskar |
|
7000 |
|
G |
|
8800 |
|
Hardik Trade Link Private Limited |
|
16000 |
|
Joshuva Equifin Private Limited |
|
50000 |
|
Pradeep Dave (HUF) |
|
4000 |
|
Ramkrishna Surgical Nursing Home |
|
28600 |
|
Sandeep Dave (HUF) |
|
6700 |
|
Jaishree Chouhan |
|
10200 |
|
Richa Mehta |
|
7000 |
|
Veen Mehta |
|
9000 |
|
Starwar Equifin Private Limited |
|
42000 |
|
Quality Care India Limited |
|
445500 |
|
Abnbna Naqvi |
|
5000 |
|
I Rahman |
|
5000 |
|
Total |
|
891000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
62.12 |
|
Directors or relatives of Directors |
25.68 |
|
Others |
12.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Health Care Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
State Bank of |
BANKING FACILITIES
(Rs.
in Millions)
|
Secured Loans |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Rupee Term Loans |
111.814 |
138.990 |
75.371 |
40.712 |
|
Foreign Currency Term Loan |
45.140 |
0.000 |
0.000 |
0.000 |
|
Interest accrued and due |
1.173 |
1.251 |
0.290 |
0.000 |
|
Hire Purchase Loan |
0.000 |
0.000 |
0.489 |
0.000 |
|
(Term Loans are secured by equitable Mortgage of Leasehold Land and
Building and hypothecation of all present and future goods and movables , property
including all movable plant, equipment and machineries, by personal guarantee
of two directors and one of the shareholders and guarantee issued by the
holding company) |
||||
|
From Others |
|
|
|
|
|
Hire Purchase Loan (Secured by hypothecation of vehicles acquired under the loan) |
0.408 |
0.791 |
0.000 |
0.782 |
|
Total |
158.535 |
141.032 |
76.150 |
41.494 |
|
|
|
|
|
|
|
Unsecured Loans |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
From body Corporate |
2.000 |
0.000 |
0.000 |
0.000 |
|
Total |
2.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
L8-2-293/82A/1131A, Road No. 36, Jubilee Hills, Hyderabad-500034, |
|
|
|
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Holding Company : |
Quality Care India Limited U85110AP1992PLC014728 |
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|
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|
Fellow Subsidiary: |
Ganga Care Hospital Limited
(GCHL) |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
741000 |
Equity Shares (of the above, 370500 Equity Shares of Rs.
10/- each are held by Quality Care
India Limited the holding Company) |
Rs. 10/-each |
Rs. 7.410
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
7.410 |
7.410 |
7.410 |
3.705 |
|
|
2] Share Application Money |
31.500 |
30.000 |
0.000 |
8.651 |
|
|
3] Reserves & Surplus |
82.108 |
82.108 |
82.011 |
19.446 |
|
|
4] (Accumulated Losses) |
[25.145] |
[27.679] |
[16.883] |
0.000 |
|
|
NETWORTH |
95.873 |
91.839 |
72.538 |
31.802 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
158.535 |
141.032 |
76.150 |
41.494 |
|
|
2] Unsecured Loans |
2.000 |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
160.535 |
141.032 |
76.150 |
41.494 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
1.552 |
|
|
|
|
|
|
|
|
|
TOTAL |
256.408 |
232.871 |
148.688 |
74.848 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
275.249 |
230.244 |
152.146 |
74.347 |
|
|
Capital work-in-progress |
0.000 |
1.681 |
3.285 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
11.974 |
13.998 |
9.010 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
10.366
|
6.065 |
4.670 |
0.865 |
|
|
Sundry Debtors |
36.778
|
12.474 |
3.517 |
1.542 |
|
|
Cash & Bank Balances |
12.348
|
14.883 |
4.977 |
1.770 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
6.536
|
5.926 |
4.495 |
1.089 |
|
Total
Current Assets |
66.028
|
39.348 |
17.659 |
5.266 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
90.960
|
50.967 |
30.962 |
4.570 |
|
|
Other Current Liabilities |
4.150
|
0.518 |
1.472 |
0.151 |
|
|
Provisions |
1.735
|
0.915 |
0.978 |
0.044 |
|
Total
Current Liabilities |
96.845
|
52.400 |
33.412 |
4.765 |
|
|
Net Current Assets |
[30.817]
|
[13.052] |
[15.753] |
[0.501] |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
256.406 |
232.871 |
148.688 |
74.848 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Hospital Revenues |
437.371 |
290.227 |
148.945 |
78.705 |
|
|
|
Other Income |
0.784 |
1.063 |
1.158 |
0.143 |
|
|
|
TOTAL (A) |
438.155 |
291.290 |
150.103 |
78.848 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Medical Suppliers Consumption |
122.619 |
80.114 |
38.206 |
6.944 |
|
|
|
Professional Charges |
95.138 |
75.872 |
41.171 |
24.516 |
|
|
|
Operating Expenses |
47.399 |
31.575 |
18.701 |
13.719 |
|
|
|
Payment and Benefits to Employ |
75.553 |
36.663 |
25.403 |
6.855 |
|
|
|
Administrative and other expenses |
27.464 |
34.073 |
16.782 |
3.054 |
|
|
|
TOTAL (B) |
368.173 |
258.297 |
140.263 |
55.088 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
69.982 |
32.993 |
9.840 |
23.760 |
|
|
|
|
|
|
|
|
|
|
Less |
INTEREST/
FINANCIAL EXPENSES (D) |
19.418 |
6.435 |
6.905 |
4.907 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.564 |
26.558 |
2.935 |
18.853 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
46.006 |
41.935 |
35.458 |
9.245 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX (E-F) (G) |
4.558 |
[15.377] |
[32.523] |
9.608 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.024 |
[4.580] |
[10.316] |
3.418 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT /LOSS
AFTER TAX (G-H) (I) |
2.534 |
[10.797] |
[22.207] |
6.190 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
[27.679] |
[16.882] |
5.325 |
[0.865] |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
[25.145] |
[27.679] |
[16.882] |
5.325 |
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
Capital Goods |
0.000 |
2.173 |
10.256 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
2.173 |
10.256 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
|
Basic |
3.42 |
[14.57] |
[31.61] |
16.71 |
|
|
|
Diluted |
2.81 |
-- |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.58
|
[3.71] |
[14.79] |
7.85 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.04
|
[5.30] |
[21.84] |
12.21 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.33
|
[5.70] |
[19.15] |
12.07 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
[0.17] |
[0.45] |
0.30 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.68
|
2.11 |
1.51 |
1.46 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68
|
0.75 |
0.53 |
1.11 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE:
The year 2009-10 saw the company recording rapid strides in business and
performance. The company has excelled in its financial performance by achieving
a turnover of Rs. 438.155 Millions registering a growth about 50% over the
previous year’s turnover of Rs. 291.290 Millions. The Profit before
depreciation and tax was Rs. 50.563 Millions and the Profit after depreciation
and Tax was Rs. 2.534 Millions.
FINANCIAL
PERFORMANCE:
The year 2009-10 ended with a gross operating profit and net profit of
Rs. 69.982 Millions and Rs. 2.534 Millions respectively as against the gross
profit and net loss of Rs. 32.292 Millions and Rs. 10.797 Millions respectively
during the previous year.
The performance of the company was goods and there is scope for increase
in net profit in the current financial year 2010-11.
OUTLOOK FOR THE
FUTURE:
During the financial year 2010-11, the company has started 2nd
Unit at G E Road,
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90209407 |
|
Corporate
identity number of the company |
U85110CT1998PTC013035 |
|
Name of the
company |
RAMKRISHNA CARE MEDICAL SCIENCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Budhapara, Raipur-492001, |
|
Type of charge |
Immovable
Property Movable Property Floating Charge |
|
Particular of
charge holder |
State Bank of E mail: sbi.08536@sbi.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum for
recording extension of mortgage by deposit of title deeds covering enhanced
limits and / or creation of equitable mortgage on additional properties for
existing limits and enhanced limits and additional facilities. |
|
Date of
instrument Creating the charge |
04.05.2009 |
|
Amount secured by
the charge |
Rs. 198.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per bank rules Terms of
Repayment As per bank rules Margin As per bank rules Extent and
Operation of the charge Hypothecation
charge of entire fixed assets and current assets of the company. Extension
of EM of the land and building of the
Hospital at Pachhpedi Naka, |
|
Short particulars
of the property charged |
EM of the land
and building of the Hospital at Panchhpedi Naka, Raipur on Khasra No. 475/13,
Area 0.410 hect (1.01 acres) PC No. 114 and building situated at Khasra No.
437/7 (Part) after mutation 473/8, moluza Tikrapra, Ph No. 114 ward No. 51l,
RIC Raipur-2, admeasuring 0.105 hect (0.26 acre) in the name of the company |
|
Date of latest
modification prior to the present modification |
11.02.2008 |
|
Particulars of
the present modification |
Extension of EM
charge to secure the aggregate credit facilities of Rs. 198.500 Millions
sanctioned as under Term Loan – 1-
Rs. 33.500 Millions Term Loan -2 –
Rs. 10.000 Millions Term Loan -3- Rs.
120.000 Millions Term Loan -4- Rs. 35.000 Millions |
Fixed Assets:
·
·
Plant and Equipments
(Including Hospital Equipments)
·
Furniture and Fixture
·
Office Equipments
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
|
1 |
Rs.72.86 |
|
Euro |
1 |
Rs.63.11 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.