1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SALASAR YARNS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Mahesh R. Agrawal |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Aruna V. Garg |
|
|
|
Registration # |
04-37044 |
|
Street Address |
5007, 5TH
Floor, World Trade Centre, Near Parag House, Ring Road, Surat – 395002,
Gujarat, India |
||
|
Established Date |
20.12.1999 |
SIC Code |
-- |
|
Telephone# |
91-261-2349981 |
Business Style 1 |
Trading |
|
Fax # |
91-261-2310804 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Yarn |
|
|
# of employees |
40
(Approximately) |
Product Name 2 |
Commission Agent |
|
Paid up capital |
Rs.
19904330
/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 6.00% Directors or relatives of
directors - 79.00% Other top fifty shareholders -
15.00% |
Banking |
|
|
Public Limited Corp. |
NO |
Business Period |
12 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
80,990,000 |
Current Liabilities |
19,379,000 |
|
Inventories |
46,042,000 |
Long-term Liabilities |
54,133,000
|
|
Fixed Assets |
2,487,000 |
Other Liabilities |
-- |
|
Deferred Assets |
131,000 |
Total Liabilities |
73,512,000 |
|
Invest& other Assets |
636,000 |
Retained Earnings |
36,870,000 |
|
|
|
Net Worth |
56,774,000 |
|
Total Assets |
130,286,000 |
Total Liab. & Equity |
130,286,000 |
|
Total Assets (Previous Year) |
105,141,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
442,774,000 |
Net Profit |
10,632,000 |
|
Sales(Previous yr) |
410,059,000 |
Net Profit(Prev.yr) |
1,437,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SALASAR YARNS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
5007, 5TH Floor, World Trade Centre, Near Parag House, Ring
Road, Surat – 395002, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
20.12.1999 |
|
|
|
|
Com. Reg. No.: |
04-37044 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.904 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U17110GJ1999PTC037044 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
SRTS00208F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAFCS4194R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Yarn and Commission Agent |
|
|
|
|
No. of Employees : |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
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 – 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 : |
5007, 5TH Floor, World Trade Centre, Near Parag House, Ring
Road, Surat – 395002, Gujarat |
|
Tel. No.: |
91-261-2349981 |
|
Fax No.: |
91-261-2310804 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
8th |
|
Tel. No.: |
91-261-3293460 |
|
Fax No.: |
91-261-2463627 |
DIRECTORS
As on : 30.09.2010
|
Name : |
Mr. Mahesh R. Agrawal |
|
Designation : |
Executive Director |
|
Address : |
2-E, Geeta Apartment, |
|
Date of Birth/Age : |
08.06.1964 |
|
Date of Appointment : |
20.12.1999 |
|
Date of Ceasing : |
31.03.2004 |
|
|
|
|
Name : |
Mrs. Aruna V. Garg |
|
Designation : |
Executive Director |
|
Address : |
1004, Krutika Apartment, |
|
Date of Birth/Age : |
21.05.1965 |
|
Date of Appointment : |
20.12.1999 |
|
Date of Ceasing : |
31.03.2004 |
|
|
|
|
Name : |
Mrs. Raj R. Todi |
|
Designation : |
Director |
|
Address : |
504, Malhar Complex, |
|
Date of Birth/Age : |
04.08.1977 |
|
Date of Appointment : |
20.12.1999 |
|
Date of Ceasing : |
05.04.2004 |
|
|
|
|
Name : |
Ms. Dimple s. Todi |
|
Designation : |
Director |
|
Address : |
504, Malhar Complex, |
|
Date of Birth/Age : |
29.09.1974 |
|
Date of Appointment : |
20.12.1999 |
|
Date of Ceasing : |
05.04.2004 |
|
|
|
|
Name : |
Mr. Sanjaykumar B. Todi |
|
Designation : |
Director |
|
Address : |
504, Malhar Complex, |
|
Date of Birth/Age : |
17.11.1968 |
|
Date of Appointment : |
06.02.2004 |
|
Din No.: |
00109408 |
|
|
|
|
Name : |
Mr. Rajeshkumar B. Todi |
|
Designation : |
Director |
|
Address : |
504, Malhar Complex, |
|
Date of Birth/Age : |
24.06.1972 |
|
Date of Appointment : |
05.04.2004 |
|
Din No.: |
00109406 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Raj R. Todi |
|
113000 |
|
Rajesh Badriprasad Todi |
|
616000 |
|
Bimal Dhanuka HUF |
|
100 |
|
Deepakkumar HUF |
|
100 |
|
Todi Geeta Devi |
|
100 |
|
Modi Pinakin |
|
100 |
|
Kedia Sanjay l |
|
175100 |
|
Nahta Santoshkumar |
|
100 |
|
Kedia Savita |
|
140100 |
|
Sanjay Kumar Todi HUF |
|
200 |
|
Rajesh Todi HUF |
|
200 |
|
Agarwal Abhishek |
|
100 |
|
Badriprasad Todi HUF |
|
100 |
|
Todi Dimpaldevi |
|
233533 |
|
Dharuka Jyotidevi |
|
100 |
|
Deepak Kumar |
|
300 |
|
Bingh Raghuvir |
|
100 |
|
Todi Sanjaykumar Badriprasad |
|
430600 |
|
Todi Badriprasad |
|
170001 |
|
Todi Rayons Private Limited, Gujarat |
|
110499 |
|
|
|
|
|
Total |
|
1990433 |
As on : 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
6.00 |
|
Directors or relatives of directors |
|
79.00 |
|
Other top fifty shareholders |
|
15.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Yarn and Commission Agent |
GENERAL INFORMATION
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Dhanalakshmi Bank Limited, 3rd
Floor, Surat Vankar Bhawan, Ring Road, Surat ·
Oriental
Bank of Commerce, Jash Textile Market, Ring Road, Surat - 395002, Gujarat,
India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Todi Tulsyan and Company Chartered Accountant |
|
Address : |
2072, Ambaji Market, Kamela Darwaja, Ring Road, Surat – 395002,
Gujarat, India |
|
Tel. No.: |
91-79- 2345511 / 3072884 |
CAPITAL STRUCTURE
As on : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 30.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1990433 |
Equity Shares |
Rs. 10/- Each |
Rs. 19.904 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 |
19.904 |
19.904 |
19.304 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
36.870 |
26.162 |
22.309 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.774 |
46.066 |
41.613 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.174 |
(7.644) |
0.000 |
|
|
2] Unsecured Loans |
49.959 |
29.426 |
15.397 |
|
|
TOTAL BORROWING |
54.133 |
21.782 |
15.397 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
110.907 |
67.848 |
57.010 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.487 |
0.745 |
0.884 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.131 |
0.056 |
0.041 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
46.042
|
31.824 |
24.304 |
|
|
Sundry Debtors |
58.167
|
45.927 |
61.669 |
|
|
Cash & Bank Balances |
0.581
|
0.338 |
2.666 |
|
|
Receivables |
5.304
|
13.229 |
2.790 |
|
|
Loans & Advances |
16.938
|
12.519 |
11.000 |
|
Total
Current Assets |
127.032
|
103.837 |
102.429 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
18.943
|
36.568 |
46.176 |
|
|
Provisions |
0.436
|
0.725 |
0.718 |
|
Total
Current Liabilities |
19.379
|
37.293 |
46.894 |
|
|
Net Current Assets |
107.653
|
66.544 |
55.535 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.136 |
0.003 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
110.907 |
67.848 |
57.010 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
442.774 |
410.059 |
450.986 |
|
|
|
Other Income |
12.150 |
(0.949) |
NA |
|
|
|
TOTAL (A) |
454.924 |
409.110 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase (Yarn Net) |
348.758 |
344.085 |
|
|
|
|
Trading Expenses |
90.804 |
57.566 |
|
|
|
|
Administrative Expenses |
6.009 |
5.477 |
|
|
|
|
Selling Expenses |
6.753 |
4.695 |
|
|
|
|
Preliminary Expenses W/Off |
0.038 |
0.047 |
|
|
|
|
Increase / Decrease in Stock |
(14.218) |
(7.519) |
NA |
|
|
|
TOTAL (B) |
438.144 |
404.353 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.780 |
4.757 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.941 |
2.369 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.839 |
2.388 |
2.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.770 |
0.225 |
0.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.069 |
2.163 |
2.114 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.437 |
0.726 |
0.718 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
10.632 |
1.437 |
1.395 |
|
|
|
|
|
|
|
|
|
Less |
DEFERRED TAX LIABILITIES
|
(74.708) |
(15.436) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.596 |
3.143 |
1.722 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
15.303 |
4.596 |
3.143 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
247.344 |
182.127 |
NA |
|
|
TOTAL IMPORTS |
247.344 |
182.127 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.34 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.33
|
0.35 |
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.49
|
0.52 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
50.62
|
2.06 |
2.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.29
|
1.28 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.55
|
2.78 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
|
Name of the company |
SALASAR YARNS PRIVATE LIMITED |
|
Presented By |
Mr. Rajesh B. Todi |
|
1) Date and description of instrument creating the change |
Dated 30.08.2005 Agreement of hypothecation |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 15.000 Millions |
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Polyester, Nylon Yarns and all other movable assets including book
debts of the company |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
Interest @ BPLR – 1.50% Margin will be 30% on stock and 50% on book debts ILC/FLC Rs. 10.000 Millions Cash Margin – 10% on ILC/FLC |
|
5) Name and Address and description of the person entitled to the
charge. |
The Dhanalakshmi Bank Limited, 3rd Floor, |
|
6) Date and brief description
of instrument modifying the charge |
Not Available |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Not Available |
|
Corporate identity number of the company |
U17110GJ1999PTC037044 |
|
Name of the company |
SALASAR YARNS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
5007 Worlg Trade Centrenr Udhana Darwaja
Ring, Road, Surat, Gujarat – 395002, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book debts Floating charge Others |
|
Particular of charge holder |
ORIENTAL BANK OF COMMERCE, Jash Textile
Market, Ring Road, Surat - 395002, Gujarat, India |
|
Nature of instrument creating charge |
Supplemental Agreement to Secure
Credit/Loan Facilities |
|
Date of instrument Creating the charge |
29.04.2011 |
|
Amount secured by the charge |
Rs. 98.000 millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest LC Commission : As per FEDAI/Bank
Guideline Sub Limit Cash Credit : BR+3%, i.e. 12.50%
P.A. to be recovered on Monthly rests subject to change in BR and spread from time to time. (BR is 9.50%) Terms
of repayment On Demand / Subject to renewal Margin Import LC (DA/DP) : LC on DA and DP basis
10%(subject to Condition) in the shape of unencumbered duly discharged
FDRs/CDRs against which no advance shall be allowed Sub Limit CC : 25% on Stock and Book Debts Extent
and operation of the charge First and Exclusive charge on the Assets
stated in Point No. 15 as below for entire dues of the Company until fully repaid together with interest and costs. Other
Nil |
|
Short particulars of the property charged
(Including location of the property) |
Hypothecation of Stocks of Raw Materials,
SIP, FG, Stores and Spares and receivables. DP to be calculated for Debtors
upto 90 days. Documents of Title to Goods in case of LC
on DP Basis. Hypothecation charge over goods in case of
LC on DA Basis |
|
Date of instrument modifying the charge |
06.11.2009 |
|
Particulars of the present modification |
Existing Letter of Credit (Import/Inland)
limit of Rs. 68.000 millions is enhanced to Rs. 98.000 millions. (Existing Sub Limit CC of Rs. 40.000
millions is enhanced to Rs. 60.000 millions) |
FIXED ASSETS :
·
Air Conditioner
·
Paper Shadder
·
Mobile Phone
·
Wagon R
·
Fax Machine
·
CPS
·
Honda Unicon
·
Trade Mark
·
Skoda Car
·
Telephone Systems
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. 44.41 |
|
|
1 |
Rs. 72.49 |
|
Euro |
1 |
Rs. 63.86 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.