BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
MKU PRIVATE
LIMITED |
Principal Name 1 |
Mr. Manoj Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Neeraj Gupta |
|
|
|
Registration # |
026027 |
|
Street Address |
13, |
||
|
Established Date |
04.05.2001 |
SIC Code |
-- |
|
Telephone# |
91-512-2363491 |
Business Style 1 |
Manufacturer
|
|
Fax # |
91-512-2354644 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Personal
Protection |
|
|
# of employees |
-- |
Product Name 2 |
Defence
Equipment |
|
Paid up capital |
Rs.
73,880,230/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or relatives of directors- 100% |
Banking |
Export Import
Bank of |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
Company |
- |
A.R. Theromsets Private Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
526338000 |
Current Liabilities |
269171000 |
|
Inventories |
392581000 |
Long-term Liabilities |
478975000 |
|
Fixed Assets |
266938000 |
Other Liabilities |
28,960,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
777,106,000 |
|
Invest& other Assets |
125,780,000 |
Retained Earnings |
460,651,000 |
|
|
|
Net Worth |
534,531,000 |
|
Total Assets |
1,311,637,000 |
Total Liab. & Equity |
1,311,637,000 |
|
Total Assets (Previous Year) |
1,252,198,158 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1041,558,000 |
Net Profit |
50,907,000 |
|
Sales(Previous yr) |
1,425,292,000 |
Net Profit(Prev.yr) |
172,350,767 |
MIRA
INFORM REPORT
|
Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
MKU PRIVATE LIMITED |
|
|
|
|
Registered Office : |
13, Gandhi Gramg, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
04.05.2001 |
|
|
|
|
Com. Reg. No.: |
026027 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U19202UP2001PTC026027 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer
of Personal Protection and Defence Equipment. |
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 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 – 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 : |
13, |
|
Tel. No.: |
91-512-3026700 |
|
Fax No.: |
91-512-3026799 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office: |
D-20, 1st Floor Defense Colony, New Delhi-110024, |
|
Tel. No.: |
91-11-46543512 |
|
Fax No.: |
91-11-46543514 |
|
E-Mail : |
|
|
|
|
|
UAV Division : |
H-52, First Floor, Sector – 63, Noida – 201 301, |
|
Tel. No.: |
91-120-4548600 |
|
Fax No.: |
91-120-4548605 |
|
E-Mail : |
|
|
|
|
|
International offices: |
Located At: ·
·
·
·
·
·
|
DIRECTORS
As on 29.09.2009
|
Name : |
Mr. Manoj Gupta |
|
Designation : |
Director |
|
Address : |
13, Gandhi Gram, |
|
Date of Birth : |
1.02.1968 |
|
Date of Appointment : |
04.05.2001 |
|
|
|
|
Name : |
Mrs. Kiran Gupta |
|
Designation : |
Director |
|
Address : |
13, Gandhi Gram, |
|
Date of Birth : |
01.07.1951 |
|
Date of Appointment : |
04.05.2001 |
|
|
|
|
Name : |
Mr. Neeraj Gupta |
|
Designation : |
Director |
|
Address : |
13, Gandhi Gram, |
|
Date of Birth : |
08.11.1970 |
|
Date of Appointment : |
20.09.2007 |
|
|
|
|
Name : |
Mr. Gopal Gupta |
|
Designation : |
Director |
|
Address : |
13, Gandhi Gram, |
|
Date of Birth : |
13.10.1946 |
|
Date of Appointment : |
20.03.2008 |
|
|
|
|
Name : |
Mr. Raj Khandelwal |
|
Designation : |
Director |
|
Address : |
78, Gandhi Gram, |
|
Date of Birth: |
12.07.1946 |
|
Date of Appointment : |
01.11.2003 |
|
|
|
|
Name : |
Mr. Sumit Khandelwal |
|
Designation : |
Director |
|
Address : |
78, Gandhi Gram, |
|
Date of Birth : |
23.08.1975 |
|
Date of Appointment : |
22.05.2003 |
|
|
|
|
Name : |
Mr. Anurag Gupta |
|
Designation : |
Director |
|
Address : |
13, Gandhi Gram, |
|
Date of Birth: |
31.12.1973 |
|
Date of Appointment : |
01.11.2003 |
|
|
|
|
Name : |
Mr. Saurabh Gupta |
|
Designation : |
Director |
|
Address : |
117/H-10298, |
|
Date of Birth : |
06.07.1976 |
|
Date of Appointment : |
17.06.2005 |
|
|
|
|
Name : |
Mr. Ajai Bhatnagar |
|
Designation : |
Director |
|
Address : |
7/109, Swaroop Nagar, |
|
Date of Birth : |
27.09.0964 |
|
Date of Appointment : |
06.08.2007 |
|
|
|
|
Name : |
Mr. Sandeep Kumar |
|
Designation : |
Director |
|
Address : |
A-3/110/1,Rohini Sector-7,Delhi-110085, |
|
Date of Birth : |
11.03.1971 |
|
Date of Appointment : |
19.01.2009 |
KEY EXECUTIVES
|
Name : |
Ms. Manishi Tandon |
|
Designation : |
Company Secretary |
|
Address : |
137,’A’, Block Shyam Nagar, Kanpur-208013, |
|
Date of Birth : |
12.11.1984 |
|
Date of Appointment : |
13.04.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2009
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Manoj Gupta |
1085000 |
14.68 |
|
Kiran Gupta |
965900 |
13.07 |
|
Neeraj Gupta |
145000 |
1.96 |
|
Gopal Gupta |
526000 |
7.1 |
|
Raj Khandelwal |
205000 |
2.77 |
|
Sumit Khandelwal |
15000 |
0.20 |
|
Supriya Gupta |
445000 |
6.03 |
|
Karan Gupta |
5500 |
0.07 |
|
Manna Lal Gupta HUF |
430500 |
5.83 |
|
Shanty Khandelawal |
64000 |
0.87 |
|
Prachi Gupta |
4500 |
0.06 |
|
Prerna Gupta |
10000 |
0.13 |
|
Sidhratha Gupta |
5500 |
0.07 |
|
Shrishti Gupta |
6500 |
0.09 |
|
Gopal |
200000 |
2.71 |
|
Anurag Gupta HUF |
50000 |
0.67 |
|
Anurag Gupta |
600 |
0.06 |
|
MKU Armors Private Limited |
3224023 |
43.63 |
|
Total |
7388023 |
100.00 |
As on 29.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Personal Protection and Defence Equipment. |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Knee Boot |
Pairs |
NA |
2 Lacs |
6355 |
|
Boot Combat |
Pairs |
NA |
2 Lacs |
24220 |
|
Shoes Canvas |
Pairs |
NA |
6 Lacs |
68685 |
|
Helmet |
Numbers |
NA |
4 Lacs |
50422 |
|
Plats |
Numbers |
NA |
NA |
27612 |
|
Web Equipment |
Sets |
NA |
40000 |
27164 |
|
Bullet proof Jacket |
Numbers |
NA |
NA |
7178 |
|
W.Guard Rail |
Numbers |
NA |
NA |
20796 |
|
Tent |
Sets |
NA |
15000 |
803 |
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Birla and Chand Chartered Accountants |
|
Address : |
13-392, Neelkhand, Civil Lines, Kanpur-208 001, |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 29.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7388023 |
Equity Shares |
Rs.10/- each |
Rs.73.880
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
73.880 |
73.880 |
73.880 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
460.651 |
410.115 |
238.246 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
534.531 |
483.995 |
312.126 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
447.385 |
342.790 |
548.703 |
|
|
2] Unsecured Loans |
31.590 |
7.631 |
26.213 |
|
|
TOTAL BORROWING |
478.975 |
350.421 |
574.916 |
|
|
DEFERRED TAX LIABILITIES |
5.422 |
6.572 |
3.890 |
|
|
|
|
|
|
|
|
TOTAL |
1018.928 |
840.988 |
890.932 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
266.938 |
257.415 |
222.534 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
87.767 |
49.276 |
0.055 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
392.581
|
404.489
|
184.598 |
|
|
Sundry Debtors |
266.645
|
259.682
|
394.648 |
|
|
Cash & Bank Balances |
9.481
|
25.568
|
22.422 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
250.212
|
233.181
|
259.226 |
|
Total
Current Assets |
918.919
|
922.920
|
860. 894 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
269.171
|
327.815
|
157.886 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
23.538
|
83.393
|
41.355 |
|
Total
Current Liabilities |
292.709
|
411.208
|
199.241 |
|
|
Net Current Assets |
626.210
|
511.712
|
661.653 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
38.013 |
22.585 |
6.690 |
|
|
|
|
|
|
|
|
TOTAL |
1018.928 |
840.988 |
890.932 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1041.558 |
1425.292 |
1136.862 |
|
|
|
Other Income |
74.796 |
9.788 |
9.888 |
|
|
|
TOTAL (A) |
1116.354 |
1432.080 |
1146.750 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
989.298 |
1163.312 |
992.469 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
127.056 |
268.768 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
57.272 |
53.258 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
69.784 |
215.510 |
154.281 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.811 |
14.857 |
11.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
51.973 |
200.653 |
142.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.066 |
28.302 |
20.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
50.907 |
172.351 |
122.535 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
519.244 |
1159.201 |
924.632 |
|
|
|
Other Earnings |
247.900 |
2.602 |
0.819 |
|
|
TOTAL EARNINGS |
767.144 |
1161.803 |
925.451 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
379.120 |
818.288 |
493.069 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.84 |
23.26 |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.56
|
12.03
|
10.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.99
|
14.07
|
12.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38
|
16.99
|
13.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.41
|
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.44
|
1.57
|
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.14
|
2.24
|
1.30 |
LOCAL AGENCY FURTHER INFORMATION
Operations and
Prospects:
The company has recorded
turnover in the current financial year to Rs.1041.558 millions as against
Rs.1425.293 millions in the
previous year and the total profit after tax of the Company decreased to Rs.50.907 millions as against Rs.172.3501 millions in the previous
year.
Operations of the
company are going on with good pace considering the trend of industry and
capacity utilization is concerned. The Directors are making effort to make the
company globally competitive and to achieve that, effort are going on towards
acquisition of some global players in defence industry
As far as local operations are concerned, recently company
has fetched some very big orders from Ministry of Home Affairs, Govt. of India.
Some other orders are also expected to mature very soon.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U19202UP2001PTC026027 |
|
Name of the
company |
MKU PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
13, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10092993 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Export-Import Bank Of |
|
Nature of
description of the instrument creating or modifying the charge |
Letter dated 19/10/2010
addressed by Export Import Bank of India ("EXIM BANK") with an
endorsement to the MKU Private Limited
(the Borrower) conveying its approval to release the mortgage and charge over immoveable properties
forming part of the mortgage earlier created by the Borrower, more
particularly described in letter
bearing No. CBG:EOU:475:154 dated 19/10/2010 |
|
Date of
instrument Creating the charge |
19.10.2010 |
|
Amount secured by
the charge |
Rs.98.600
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 350 bps above
EURO LIBOR (6M) Terms of
Repayment Repayable in 12
equal qty installments. Margin 20% |
|
Short particulars
of the property charged |
Borrower's immoveable
properties at Khasra Nos. 3949, 3947, 3962, 3963, 3946 of land No.937 situate
at Village Mauja Majri Grant (Lal Tappar), Taluka P.O. Rasham Majri Pargana
Parwa Doon, Tehsil Rishikesh. Charge by way of mortgage created by the Borrower
interalia over its immoveable properties at Khasra Nos.
3949,3947,3962,3963,3946 of land No.937 situate at Village Mauja Majri Grant
(Lal Tappar), Taluka P.O. Rasham Majri Pargana Parwa Doon, Tehsil Rishikesh
together with factory shed building and other structures, fixed plant and
machinery, fixtures and fittings etc. in favour of Exim Bank stands released
by letter dated19/10/2010 Together with
factory shed building and other structures, fixed plant and machinery,
fixtures and fittings etc. both present and future. |
|
Date of latest
modification prior to the present modification |
13.08.2009 |
|
Particulars of
the present modification |
Charge by way of mortgage created by the Borrower interalia
over its immoveable properties at Khasra Nos. 3949, 3947, 3962,3963, 3946 of
land No.937 situate at Village Mauja Majri Grant (Lal Tappar), Taluka P.O.
Rasham Majri Pargana Parwa Doon, Tehsil Rishikesh together with factory shed
building and other structures, fixed plant and machinery, fixtures and
fittings etc. in favour of Exim Bank stands released by letter
dated19/10/2010 |
Fixed Assets:
- Land
- Building
- Office Machinery
- Furniture and Fixture
- Vehicle
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.45.53 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.60.62 |
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.