Summary Information
|
|
|
Country |
|
|
Company Name |
R. D. WELD
PRODUCTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Manoj Balwani |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Rashmi Balwani |
|
|
|
Registration # |
11-106836 |
|
Street Address |
A – 1, Guru
Ashish C Marg, Chembur East, Mumbai – 400 071, |
||
|
Established Date |
25.03.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-25282491 |
Business Style 1 |
Importer |
|
Fax # |
91-22-67358999 |
Business Style 2 |
-- |
|
Homepage |
Http://www.rdwell.com |
Product Name 1 |
Welding Electrodes |
|
# of employees |
52
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
4902000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors – 100% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Associates |
|
Esteem Equipment |
-- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
63,865,000 |
Current Liabilities |
63,159,000 |
|
Inventories |
53,950,000 |
Long-term Liabilities |
59,335,000 |
|
Fixed Assets |
32,922,000 |
Other Liabilities |
4,538,000 |
|
Deferred Assets |
0 |
Total Liabilities |
127,032,000 |
|
Invest& other Assets |
35,000 |
Retained Earnings |
18,838,000 |
|
|
|
Net Worth |
23,740,000 |
|
Total Assets |
150,772,000 |
Total Liab. & Equity |
150,772,000 |
|
Total
Assets (Previous Year) |
109,031,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
276,454,000 |
Net Profit |
5,212,000 |
|
Sales(Previous yr) |
189,398,000 |
Net Profit(Prev.yr) |
1,957,000 |
MIRA INFORM
REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
R. D. WELD PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A – 1, Guru Ashish C Marg, Chembur East, Mumbai – 400 071, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
25.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106836 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.902 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1997PTC106836 |
|
|
|
|
IEC No.: |
0307027937 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08369E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR4651D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer of Welding Electrodes and consumables – ESAB, Royal ARC, Electrodes,
GEE, D and H Sechron, Superon, modi Arc, D and H , India , Ador |
|
|
|
|
No. of Employees
: |
52 (7 in Office, 10 in Factory, 35 in Branch) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 94900 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
A – 1, Guru Ashish, R. C Marg, Chembur East, Mumbai – 400 071, |
|
Tel No. : |
91-22-67358903 |
|
Fax No.: |
91-22-67358999 |
|
E-Mail : |
|
|
Website : |
http://www.rdweld.com |
|
|
|
|
Corporate Office : |
Unit No. 24, Majithyia Industrial Complex, W.T. Marg, Devnath, Chembur
(W), Mumbai – 400088, Maharashtra, India |
|
Tel No. : |
91-22-67358989 |
|
Fax No. : |
91-22-67358999 |
|
|
|
|
Administrative Office : |
G -23 Municipal Market, Chembur Naka, Mumbai – 400 071, |
|
Tel. No.: |
91-22-25282491 / 25282491 |
|
Fax No.: |
91-22-25280645 |
|
|
|
|
Area : |
320 sq fts |
|
Location : |
Leased |
|
|
|
|
Branches/ Marketing Office: |
E -3 and 4, MIDC Premises, Pfizer Road, Turbhe Naka, Navi Mumbai -400
705, Maharashtra, India |
|
Tel. No.: |
91-22-27631666 / 27615107/27683214 |
|
Fax No.: |
91-22-27622922 |
|
Area : |
1000 sq.fts |
|
Location : |
Leased |
|
|
|
|
Factory : |
D-343, TTC Industrial Area, MIDC, Turbhe, Navi Mumbai -400 705, |
|
Tel. No.: |
91-22-27683214 / 65107234 |
|
Fax No.: |
91-22-27622922 |
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Manoj Radhakishan Balwani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A – 1, Guru Ashish, R. C Marg, Chembur East, Mumbai – 400 071, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1966 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.03.1997 |
|||||||||||||||||||||||||||||||||||||||||||||
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Din No.: |
00742112 |
|||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Rashmi Manoj Balwani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A – 1, Guru Ashish, R. C Marg, Chembur East, Mumbai – 400 071, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.05.1967 |
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Qualification : |
MBA |
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|
Date of Appointment : |
25.03.1997 |
|||||||||||||||||||||||||||||||||||||||||||||
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Din No.: |
00733932 |
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|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Corporate Management Team: |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Balwani |
|
100000 |
|
Rashmi Balwani |
|
158100 |
|
R D Gas Service |
|
129600 |
|
R D Technical Services (HUF) |
|
35000 |
|
Sarojini Balwani |
|
3400 |
|
Madanlal Kochar |
|
50500 |
|
Sashi Kochar |
|
11700 |
|
Hamshad S Bamboat |
|
100 |
|
Harsha D Madnani |
|
100 |
|
Kamlesh Bagga |
|
800 |
|
Kurush Karanani |
|
100 |
|
Pooja D Madnani HUF |
|
100 |
|
Rajesh Karnani |
|
100 |
|
Rita Karnani |
|
100 |
|
Ratish Krishnan |
|
100 |
|
Sheri Bambaot |
|
100 |
|
Sangeeta Ratish Krishnan |
|
100 |
|
Priyanka Vijay Chugh |
|
100 |
|
Deepak M Madani HUF |
|
100 |
|
TOTAL |
|
490200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Welding Electrodes and consumables – ESAB, Royal ARC,
Electrodes, GEE, D and H Sechron, Superon, modi Arc, D and H , India , Ador |
|
|
|
|
Agencies Held : |
|
GENERAL INFORMATION
|
Customers : |
Other Companies:
|
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|
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No. of Employees : |
52 (7 in Office, 10 in Factory, 35 in Branch) |
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|
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Bankers : |
|
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
M. M. Pol and Company Chartered Accountants |
|
Address : |
106 Maitri Shopping Centre, V N Purav Marg, Chunabhatti (East), Mumbai
– 400 022, |
|
Tel. No.: |
91-22-24051287 |
|
Fax No.: |
91-22-24052523 |
|
E-Mail : |
|
|
PAN.: |
AADPP3643P |
|
|
|
|
Associates/Subsidiaries : |
· Esteem Equipment E-7 MIDC Premises, Pfizer, Turbhe Naka,
Navi Mumbai – 400 703, Activity: Manufacturer of Welding
Equipments – Rectifiers and Transformers · Esteem Gases Private Limited Address: Village Tambatti, Khopoli – Activity: Manufacturer of Dissolved
Acetylene Gas · RD Technical Services (HUF) · Akshay Enterprises · Esteem Enterprises · Mehak Consultancy Services |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
490200 |
Equity Shares |
Rs. 10/- each |
Rs. 4.902
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.902 |
4.902 |
4.902 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.838 |
13.733 |
11.735 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.740 |
18.635 |
16.637 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.392 |
38.665 |
24.655 |
|
|
2] Unsecured Loans |
20.943 |
22.464 |
21.246 |
|
|
TOTAL BORROWING |
59.335 |
61.129 |
45.901 |
|
|
DEFERRED TAX LIABILITIES |
4.538 |
4.338 |
3.822 |
|
|
|
|
|
|
|
|
TOTAL |
87.613 |
84.102 |
66.360 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.922 |
29.045 |
27.221 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.035 |
0.035 |
0.063 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
53.950
|
26.014
|
14.119
|
|
|
Sundry Debtors |
55.782
|
51.430
|
39.673
|
|
|
Cash & Bank Balances |
5.358
|
0.684
|
2.439
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.725
|
1.823
|
2.197
|
|
Total
Current Assets |
117.815
|
79.951 |
58.428 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
60.687
|
23.073 |
18.174 |
|
|
Other Current Liabilities |
0.068
|
0.036 |
|
|
|
Provisions |
2.404
|
1.820 |
1.178 |
|
Total
Current Liabilities |
63.159
|
24.929 |
19.352
|
|
|
Net Current Assets |
54.656
|
55.022 |
39.076
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
87.613 |
84.102 |
66.360 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
276.454 |
189.398 |
155.368 |
|
|
|
Other Income |
4.173 |
4.091 |
1.869 |
|
|
|
TOTAL (A) |
280.627 |
193.489 |
157.237 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Trading and Operating Expenses |
261.621 |
177.929 |
143.461 |
|
|
|
TOTAL (B) |
261.621 |
177.929 |
143.461 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.006 |
15.560 |
13.776 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.157 |
6.018 |
4.217 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.849 |
9.542 |
9.559 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
6.033 |
5.251 |
4.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.816 |
4.291 |
5.059 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.604 |
2.334 |
1.368 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.212 |
1.957 |
3.691 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.521 |
0.196 |
0.369 |
|
|
BALANCE CARRIED
TO THE B/S |
4.691 |
1.761 |
3.322 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.63 |
3.99 |
7.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.85
|
1.01 |
2.35
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.82
|
2.26 |
3.26
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.18
|
3.93 |
5.91
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.23 |
0.30
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.15
|
4.61 |
3.92
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
3.20 |
3.02
|
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U51909MH1997PTC106836 |
|
Name of the
company |
R.D WELDPRODUCTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A – 1, Guru Ashish, R. C Marg, Chembur East, Mumbai – 400 071, Email: mukundpol@yahoo.co.in |
|
This form is for |
Creation
of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of Maharasahtra,
Worli Branch, Ready Money Terrace, Dr. A.B. Road, Worli Naka, Mumbai –
400018, Maharashtra , India Email: brmgr50@mahabank.coo.in |
|
Nature of
instrument creating charge |
Composite deed of
hypothecation for all facilities |
|
Date of
instrument Creating the charge |
10.05.2011 |
|
Amount secured by
the charge |
Rs. 5.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
16@ p.a i.e 2%
over and above the rate applicable to cash credit Terms of
Repayment: Short term loan
repayable within 90days out of cash flows. Margin: 26% Extent and
Operation of the charge: Charge of
hypothecation creted on movable and book debts per col. No. 15 to secure
short term loan limit of Rs. 5.000 millions with interest, costs, charges,
expenses in respect thereof and security created thereof |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Present and
future movable, machinery and plant, articles, equipment, tools, implement,
installation, vehicles, stock of raw material, finished goods, semi finished,
spare parts, stores, components Movable in transit,
tangible and intangible assets, goodwill, patents, trademark, copy right,
book debts, borrowers at any time and all other borrowers, rights, titles and
interest thereon. |
FIXED ASSETS:
- Shop
- Land
- Building
- Office Equipments
- Calculators
- Telephone – Equipment
- Fax Machine, EPBX etc
- Computers
- TVS-/ Epson Matrix Printer
- Xerox Machine
- Cellular Phone
- Air Conditioner-
- Refrigerator
- Honda Generator
- Electric Power Saver
- Solar System
- Furniture and Fixture
- Electric Fitting
- Steel Copper with Shelf
- Cylinders
- Volves
- Platform Scale
- Motor Cars
- Maruti Car
- Cycle
WEBSITE DETAILS
PROFILE
Subject is a marketing company engaged in supplying world class welding consumables, welding equipment, welding and cutting accessories. They offer total welding solutions.
They have a highly motivated technically qualified team to provide excellent sales and service to the esteemed customers.
They believe in providing excellent product quality, great after sales service, in short they always work towards providing value for money products and total welding solutions.
The vision is to spread ourselves across
The vision is to provide world class welding products and services at value for money prices to the customers.
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.52.42 |
|
|
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.