Business
information report
1. Summary Information
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Country |
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Company Name |
NANTHINI IMPEX |
Principal Name 1 |
Mrs. S S Rajeswari |
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Status |
Satisfactory |
Principal Name 2 |
-- |
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|
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Registration # |
-- |
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Street Address |
29,30 Binny Compound, Kumaran Road, Tirupur 641601, Tamilnadu |
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Established Date |
2004 |
SIC Code |
-- |
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Telephone# |
91-421-2200082 |
Business Style 1 |
Trader and Importer of Scrap metal, Metals, Used printing machines,
Minerals |
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Fax # |
91-421-2200092 |
Business Style 2 |
-- |
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Homepage |
Product Name 1 |
-- |
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# of employees |
-- |
Product Name 2 |
-- |
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Paid up capital |
-- |
Product Name 3 |
-- |
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Shareholders |
-- |
Banking |
South Indian Bank |
|
Public Limited Corp. |
-- |
Business Period |
8 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (47) |
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Related
Company |
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Relation
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Country
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Company
Name |
-- |
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Note |
- |
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2. Summary
Financial Statement
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Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
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Inventories |
-- |
Long-term Liabilities |
-- |
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Fixed Assets |
-- |
Other Liabilities |
-- |
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Deferred Assets |
-- |
Total Liabilities |
-- |
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Invest& other Assets |
-- |
Retained Earnings |
-- |
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Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
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Total Assets (Previous Year) |
-- |
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P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
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Sales |
-- |
Net Profit |
-- |
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Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
NANTHINI IMPEX |
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Registered
Office : |
29,30 Binny Compound, Kumaran Road, Tirupur 641601, Tamilnadu |
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Country : |
India |
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Year of
Establishment : |
2004 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Trader and Importer of Scrap metal, Metals, Used printing machines,
Minerals |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported a fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. N Senthil Kumar |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9600922010 |
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Date : |
04.04.2012 |
LOCATIONS
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Registered Office : |
29,30 Binny Compound, Kumaran Road, Tirupur 641601, Tamilnadu, India |
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Tel. No.: |
91-421-2200082 |
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Mobile No.: |
91-9600922010 (Mr. N Senthil Kumar) |
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Fax No.: |
91-421-2200092 |
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E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mrs. S S Rajeswari |
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Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. N Senthil Kumar |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Scrap metal, Metals, Used printing machines,
Minerals |
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Terms : |
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Selling : |
-- |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesaler ·
Retailers ·
OEM’s |
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No. of Employees : |
Not Available |
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Bankers : |
·
South Indian Bank ·
State bank of Patiala |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Not Divulged
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
PROFILE:
This is a proprietorship firm. The proprietor is Mrs S S Rajeswari. Her husband Mr N Senthilkumar is the CEO of the firm. Mr Senthilkumar is all in all in the firm, he looks after imports, sales, sourcing, etc. Now, the firm was started in 2004. Mr Senthilkumar is basically a importer/trader. He imports Scrap metal, used printing machines, metals and sells them in India for commission. Scrap metals is being imported from Madagascar, Korea, China etc. Printing machines are imported from Germany, Europe, China, Korea. This imported scrap is being sold to big metal manufacturing companies like Agni, Suryadev etc. More details of the manufactures to whom he sells is listed at the end of this report. As far as printing machines are concerned he is right now in the midst of importing printing machines from Korea. He is taking the guidance of Korean Chamber of Commerce and Industry, Jung-gu, Seoul, Korea. He had asked them for the details of firms/companies that export used printing machines from Korea and they had given him details of a number of firms. He is optimistic of importing good quality machines from Korea for sale in India. He says that Korean printing machines are considered to be of very good quality in India and India has a very good market for them. He says that he has firm orders for used printing machines from all over India and hopes that the Korean deals falls through in the proper time and for a proper price.
He has three godowns in Tirupur alone where his second hand machines are stored.
· Kumaran road – 2000 sq.ft.
· Chinna karai – 5000 sq.ft
· Binny compound – 2000 s.ft.
As far as scrap metals and metals are concerned he imports them on container basis and re directs the container to the buyer in India.
His turnover per year is 7,00,00,000 to 10,00,00,000 INR per year. His bankers are South Indian Bank, State bank of Patiala, Tirupur. 25 people work for him. He claims that he has no loans outstanding and that the godowns are his own property. He is well known in Tirupur and has been operating there for the past 8 years.
However there is no way to assess the financial strength of the firm. Caution advised in all financial dealings with him.
A reputed medium sized firm in Tirupur to whom supplies can be made against LCs or documents thru bank.
TRADE REFERENCE :
Agni Steels
Private Limited
Address: Kavandanur Road, Ingur - 638 058. Perundurai (TK)
Phone: 91 4294 230229, 230211
Fax : 91 4294 230212
Suryadev
Alloys and Power Private Limited
Address: # 2 & 4, "GOLDEN
ENCLAVE", 4th Floor, # 184 P.H Road, Kilpauk, Chennai 600010, Tamilnadu,
India
Phone: 91 - 44 - 4222 1000
Shri Ulaganayagi Amman
Steels
(Manufacturer of Quality M.S.Ingots)
Address: S.No. 228, Keelavur Village, Thiunallar, Karaikal – 609 607.
Scrap Details
Amman Steel Corporation
Address: 25/7, Kajapettai Main Road, Tiruchirappalli
- 620 001.
Email: ammangroup@yahoo.com
Web: www.ammantry.com
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
-- |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
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.51.04 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.