MIRA
INFORM REPORT
|
Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN TEXTILE INDUSTRIES PRIVATE LIMITED (w.e.f. 02.03.2009) |
|
|
|
|
Formerly Known
As : |
WELLKNOWN TEXTILE INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
145-C, Sangam, 4th Floor. Dr. Viegas Street, Kalabadevi
Road, Mumbai-400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.05.1987 |
|
|
|
|
Com. Reg. No.: |
11-04355 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.312 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110MH1987PTC043355 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW02210F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW0552A |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturers of Polyester Textured and Air Textured Yarn Ranging |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. As claim by
the management, there is no business activity in the company since November,
2009 and further stated that the textile business of the company has been
taken over by ‘Wellknown Synthetics Private Limited’. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
145-C, Sangam, 4th Floor. Dr. Viegas Street, Kalabadevi
Road, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-66207000 |
|
Fax No.: |
91-22-66207050 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Anil Madanlal Gupta |
|
Designation : |
Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
05.05.1987 |
|
DIN No.: |
01376458 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U17110MH1987PTC043355 |
Wellknown
Textile Industries Private Limited |
Director |
05-05-87 |
05-05-87 |
Active |
NO |
|
2 |
U70109MH1995PTC091597 |
Wellknown
Hitech Projects Private Limited |
Director |
09-08-95 |
09-08-95 |
Active |
NO |
|
3 |
U17114MH1996PLC103477 |
Wellknown
Polyesters Limited |
Managing
director |
01-10-10 |
23-10-96 |
Active |
NO |
|
4 |
U17110MH1997PTC110093 |
Wellknown
Synthetics Private Limited |
Director |
14-08-97 |
14-08-97 |
Active |
NO |
|
5 |
U65990MH1997PTC107165 |
Wellknown
Chemicals Private Limited |
Director |
26-11-98 |
26-11-98 |
Active |
NO |
|
6 |
U80220MH2005PTC154131 |
Wellknown
Technologies Private Limited |
Director |
31-08-06 |
31-08-06 |
Active |
NO |
|
7 |
U70102MH2009PTC193678 |
Wellknown
Housing Development Private Limited |
Director |
30-06-09 |
30-06-09 |
Active |
NO |
|
8 |
U63090MH2009PTC198059 |
Wellknown
Logistics Private Limited |
Director |
22-12-09 |
22-12-09 |
Active |
NO |
|
9 |
U70102MH2009PTC198230 |
Wellknown
Landmark Ventures Private Limited |
Director |
31-12-09 |
31-12-09 |
Active |
NO |
|
10 |
U17120MH1972GAT016028 |
Association
Of Synthetic Fibre Industry |
Nominee
director |
17-05-10 |
17-05-10 |
Active |
NO |
|
11 |
U70102MH2010PTC207508 |
Wellknown
Infratech Private Limited |
Director |
08-09-10 |
08-09-10 |
Active |
NO |
|
12 |
U70102MH2010PTC207736 |
Wellknown
Properties Private Limited |
Director |
16-09-10 |
16-09-10 |
Active |
NO |
|
Name : |
Mr. Ashok Madanlal Gupta |
|
Designation : |
Director |
|
Address : |
2/7, |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
30.03.1992 |
|
DIN No.: |
01510569 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U17110MH1987PTC043355 |
Wellknown
Textile Industries Private Limited |
Director |
30-03-92 |
30-03-92 |
Active |
NO |
|
2 |
U70109MH1995PTC091597 |
Wellknown
Hitech Projects Private Limited |
Director |
09-08-95 |
09-08-95 |
Active |
NO |
|
3 |
U17114MH1996PLC103477 |
Wellknown
Polyesters Limited |
Whole-time
director |
01-10-10 |
23-10-96 |
Active |
NO |
|
4 |
U17110MH1997PTC110093 |
Wellknown
Synthetics Private Limited |
Whole-time
director |
01-08-10 |
14-08-97 |
Active |
NO |
|
5 |
U65990MH1997PTC107165 |
Wellknown
Chemicals Private Limited |
Director |
26-11-98 |
26-11-98 |
Active |
NO |
|
6 |
U80220MH2005PTC154131 |
Wellknown
Technologies Private Limited |
Director |
31-08-06 |
31-08-06 |
Active |
NO |
|
7 |
U70102MH2009PTC193678 |
Wellknown
Housing Development Private Limited |
Director |
30-06-09 |
30-06-09 |
Active |
NO |
|
8 |
U63090MH2009PTC198059 |
Wellknown
Logistics Private Limited |
Director |
22-12-09 |
22-12-09 |
Active |
NO |
|
9 |
U70102MH2009PTC198230 |
Wellknown
Landmark Ventures Private Limited |
Director |
31-12-09 |
31-12-09 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Equity Shares |
No. of Preference
Shares |
|
Anil Kumar Gupta |
1012860 |
658 |
|
Ashok Gupta |
407650 |
105 |
|
Charulata Gupta |
177730 |
1108 |
|
Madanlal Gupta, Karta Madanlal Gupta- HUF |
48450 |
273 |
|
Neera Gupta |
159280 |
857 |
|
Nidhi Gputa NG Ashok Gupta |
40200 |
57 |
|
Ashok Kumar Gupta Karta Ashok Kumar Gupta HUF |
16500 |
92 |
|
Latadevi Gupta |
200 |
-- |
|
Rahul A. Gupta, NG Anil Gupta |
78700 |
55 |
|
Saakshi A. Gupta Ng. Ashok Kumar Gupta |
47200 |
-- |
|
Siddharth A Gupta NG Ashok Gupta |
70150 |
63 |
|
Wellknown Hitech Projects Private Limited, India |
739500 |
-- |
|
Wellknown Synthetics Private
Limited, India |
100 |
29960 |
|
Anil Kumar Gupta Karta Anil Kumar Gupta HUF |
27300 |
128 |
|
Wellknown Chemicals Private Limited, India |
791000 |
-- |
|
Welknown Polyesters Limited, India |
300 |
-- |
|
TVC Sky Shop Limited, India |
-- |
75000 |
|
Nishita Infrastructures Private Limited, India |
-- |
73050 |
|
Total |
3617120 |
181406 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
42.32 |
|
Directors or relatives of Directors |
57.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Polyester Textured and Air Textured Yarn Ranging |
GENERAL INFORMATION
|
Bankers : |
|
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|
|||||||||||||||||||||
|
Facilities : |
|
|
|
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|
Banking
Relations : |
|
|
|
|
|
Financial Institution : |
The Economic Development Corporation of Goa, Daman and Diu Limited,
EDC House, Panji-403001, Goa, India |
|
|
|
|
Auditors : |
|
|
Name : |
Mittal and Associates Chartered Accountants |
|
Address : |
105, M K Bhavan, 300, S.B.S. Marg, Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-30287901/2/3 |
|
E-Mail : |
mm@mittal-associate.com |
|
|
|
|
Associates : |
·
Wellknown Synthetics Private Limited CIN No. : U17110MH1997PTC110093 ·
Wellknown Polyesters Limited ·
Wellknown Housing Development private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited |
|
|
|
|
Subsidiaries : |
·
Wellknown Chemicals Private Limited CIN No. : U65990MH1997PTC107165 ·
Wellknown Technologies Private Limited CIN No. : U80220MH2005PTC154131 ·
Wellknown Hightech Projects Private Limited CIN No. :U70109MH1995PTC091597 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Millions |
|
200000 |
0% Preference Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
|
|
Total |
|
Rs. 65.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3617120 |
Equity Shares |
Rs.10/- each |
Rs. 36.171
Millions |
|
|
(Of the above all Equity Shares had been
allotted as fully paid Bonus Shares by way of capitalization of Share Premium,
General Reserve and Profit and Loss Account) |
|
|
|
3756 |
0% Preference Shares |
Rs. 100/- each |
Rs. 0.376
Million |
|
3000 |
0% Preference Shares |
Rs. 100/- each |
Rs. 0.300
Million |
|
9000 |
0% Preference Shares |
Rs. 100/- each |
Rs. 0.900
Million |
|
10000 |
0% Preference Shares |
Rs. 100/- each |
Rs. 1.000
Million |
|
7600 |
0% Preference Shares |
Rs. 100/- each |
Rs. 0.760
Million |
|
61250 |
0% Preference Shares |
Rs. 100/- each |
Rs. 6.125
Millions |
|
22000 |
0% Preference Shares |
Rs. 100/- each |
Rs. 2.200
Millions |
|
64800 |
0% Preference Shares |
Rs. 100/- each |
Rs. 6.480
Millions |
|
|
Total |
|
Rs. 54.312 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 |
54.312 |
45.632 |
39.507 |
|
|
2] Share Application Money |
10.357 |
48.954 |
4.768 |
|
|
3] Reserves & Surplus |
361.494 |
190.418 |
72.938 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
426.163 |
285.004 |
117.213 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
5.423 |
|
|
2] Unsecured Loans |
78.014 |
103.034 |
8.410 |
|
|
TOTAL BORROWING |
78.014 |
103.034 |
13.833 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
504.177 |
388.038 |
131.046 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.634 |
4.285 |
8.263 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
470.538 |
375.559 |
73.478 |
|
|
DEFERREX TAX ASSETS |
1.505 |
1.506 |
1.182 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.713 |
|
|
Cash & Bank Balances |
1.420
|
0.245 |
0.104 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
36.108
|
45.549 |
48.549 |
|
Total
Current Assets |
37.528
|
45.794 |
49.366 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
9.028
|
39.106 |
1.243 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
9.028
|
39.106 |
1.243 |
|
|
Net Current Assets |
28.500
|
6.688 |
48.123 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
504.177 |
388.038 |
131.046 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
2.347 |
11.616 |
|
|
|
Other Income |
18.225 |
4.595 |
8.700 |
|
|
|
TOTAL |
18.225 |
6.942 |
20.316 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
0.179 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.179 |
4.974 |
8.317 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
18.046 |
1.968 |
11.999 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.347 |
0.274 |
0.335 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.699 |
1.694 |
11.664 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.650 |
0.913 |
1.817 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.674 |
0.781 |
9.847 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.185 |
0.000 |
0.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.156 |
1.104 |
9.318 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
33.78
|
15.90 |
45.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
33.28 |
84.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.64
|
1.52 |
16.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.00 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.20
|
0.50 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.16
|
1.17 |
39.72 |
LOCAL AGENCY FURTHER INFORMATION
Note: The Registered
office of the company has been shifted from 45, Swadeshi Market, First Floor, Kalbadevi
Road, Mumbai – 400002, Maharashtra, India to the present address w.e.f.
02.04.2007
REVIEW OF OPERATIONS:
The Company
registered an income of Rs. 18.225 millions as compared to previous year of
Rs.6.938 millions The Profit after tax was registered at Rs 6.156 millions as
compare to previous year of Rs. 1.104 millions.
FUTURE PLAN OF
ACTION:
a.
Further improvement in the quality of products and
processes.
b.
Process modifications or substitution to improve
the quality of treated effluent.
c.
Exploration of avenues for continuous cost
reduction measures.
d.
Upgradation of existing pollution controls
facilities to take care of changing stringent requirements.
e.
Production efficiency at low cost.
f.
Further reduction in power/fuel consumption.
FORM 8
|
Corporate
identity number of the company |
U17110MH1987PTC043355 |
|
Name of the
company |
WELLKNOWN TEXTILE
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
145-C, Sangam, 4th Floor. Dr. Viegas Street, Kalabadevi Road, Mumbai-400002, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others Bank Guarantee |
|
Particular of
charge holder |
The Shamrao Vithal Co-operative Bank Limited, Sleater Road
Branch, Mumbai-400007, Maharashtra, India |
|
Nature of
instrument creating charge |
Bank Letter Ref
No. Svc: Slr: Rsr: 4693:2009-2010 Dated 21.04.2009 Specifying Bank Guarantee
of Rs.2.000 millions |
|
Date of
instrument Creating the charge |
21.04.2009 |
|
Amount secured by
the charge |
Rs. 2.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As Stipulated By Bank
From Time To Time Terms of repayment As Per The Terms
And Conditions of Bank Margin As Per The Terms
And Conditions of Bank Extent and operation of the charge This charge is
created to secure the due repayment of bank gurantee by creating charge on
assets of the company to the extent of Rs. 5.325 millions only. |
|
Short particulars
of the property charged (Including location of the property) |
Company's Assets,
Including Stocks, Book Debts To The Extent of Rs. 5.325 millions of Bank
Guarantee |
FIXED ASSETS
·
Plant and Machinery
·
Motor Vehicles
·
Office Equipments
·
Furniture and Fixtures
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. 48.82 |
|
|
1 |
Rs. 78.56 |
|
Euro |
1 |
Rs. 69.28 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
33 |
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.