MIRA
INFORM REPORT
|
Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
INSIGHT BUSINESS MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-210, Raj Ratan Industrial Estate, Beside American Spring
Works, Ramchandra Lane Extension, Malad (West), Mumbai – 400064, Maharashtra |
|
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|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.01.1996 |
|
|
|
|
Com. Reg. No.: |
11-096148 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.466
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000MH1996PTC096148 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04082B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Dealer and Distributor of Computer Peripherals and Accessories. |
|
|
|
|
No. of Employees
: |
120 [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 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. Latest
financial i.e. 2011-12 are missing from the government department. From the financial
of 2011 the company seems to have 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have exacerbated
the government's fuel subsidy expenditures contributing to a higher fiscal
deficit, and a worsening current account deficit. Little economic reform took
place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 2 |
|
Rating Explanation |
High credit quality with very low credit risk. |
|
Date |
07.08.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mrs. Savitha Pillai |
|
Designation : |
Manager in Taxation |
|
Contact No.: |
91-9967216296 |
|
Date : |
05.12.2012 |
LOCATIONS
|
Registered / Head Office : |
B-210, Raj Ratan Industrial Estate, Beside American Spring
Works, Ramchandra Lane Extension, Malad (West), Mumbai – 400064, Maharashtra,
India |
|
Tel. No.: |
91-22-67262100 |
|
Mobile No.: |
91-9967216296 (Ms. Savitha Pillai) |
|
Fax No.: |
91-22-28808034 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located At: ·
Navi Mumbai ·
Baroda ·
Hyderabad ·
Rajasthan ·
Delhi ·
Lucknow ·
Bangalore ·
Uttarakhand ·
Madhya Pradesh ·
Kolkata |
|
|
|
|
Service Centers : |
Located At: North ·
Delhi ·
Chandigarh ·
Mandi ·
Lucknow ·
Varanasi ·
Jaipur ·
Indore ·
Sonepat ·
Karnal ·
Ludhiana ·
Haridwar ·
Haldwani ·
Raipur East ·
Kolkata ·
Patna ·
Samastipur South ·
Bangalore ·
Chennai ·
Hyderabad ·
Bidar ·
Goa ·
Belgaum West ·
Mumbai ·
Lonawala ·
Pune ·
Nagpur ·
Baroda ·
Silvassa ·
Ahmedabad ·
Surat ·
Rajkot |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Neel Shashikant Shah |
|
Designation : |
Director |
|
Address : |
Satyam, Plot No. 5, Evershine Nagar, Malad (West),
Mumbai-400064, |
|
Date of Birth/Age : |
09.12.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
11.01.1996 |
|
Din No.: |
00870661 |
|
|
|
|
Name : |
Mr. Piyush Vipinchandra Vibhakar |
|
Designation : |
Director |
|
Address : |
A-4, Ajit Nagar, |
|
Date of Birth/Age : |
13.08.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
11.01.1996 |
|
Din No.: |
00864719 |
KEY EXECUTIVES
|
Name : |
Mrs. Savitha Pillai |
|
Designation : |
Manager in Taxation |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Neel Shashikant Shah |
|
47645 |
|
Piyush Vipinchandra Vibhakar |
|
55685 |
|
Neel Shashikant Shah HUF |
|
56000 |
|
Piyush Vipinchandra Vibhakar HUF |
|
52000 |
|
Amisha Neel Shah |
|
18900 |
|
Kajal Piyush Vibhakar |
|
16400 |
|
|
|
|
|
TOTAL
|
|
246630 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Distributor of Computer Peripherals and Accessories. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Ingram ·
Redington Limited |
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Customers : |
End Users and Others [Corporate Individual] ·
Sahara ·
Just Dial |
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No. of Employees : |
120 [Approximately] |
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|||||||||||||||||||||||||||
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Bankers : |
Development Credit Bank Limited, 601 and 602, Peninsula Business Park,
6th Floor, Tower A, Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India |
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Facilities : |
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|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Lad and Nagaral Associates [Pradip N. Gohil] Chartered Accountants |
|
Address : |
159/4, Smruti, Jawahar Nagar, Road No. 2, Goregaon (West),
Mumbai – 400062, |
|
Tel. No.: |
91-22-28767488/ 28737904 |
|
Fax No.: |
91-22-28788528 |
|
PAN No: |
ACIPG0545J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
246630 |
Equity Shares |
Rs.10/- each
|
Rs.2.466
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.466 |
2.466 |
2.288 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.750 |
|
|
3] Reserves & Surplus |
30.246 |
23.928 |
15.173 |
|
|
4] (Accumulated Losses) |
0.000 |
0.00 |
0.000 |
|
|
NETWORTH |
32.712 |
26.394 |
18.211 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.860 |
15.785 |
2.750 |
|
|
2] Unsecured Loans |
0.955 |
0.906 |
0.862 |
|
|
TOTAL BORROWING |
19.815 |
16.691 |
3.612 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
52.527 |
43.085 |
21.823 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.521 |
4.312 |
5.319 |
|
|
Capital work-in-progress |
13.056 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.181 |
0.181 |
0.180 |
|
|
DEFERREX TAX ASSETS |
0.823 |
0.404 |
0.654 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.013
|
16.318 |
9.947 |
|
|
Sundry Debtors |
76.074
|
66.161 |
75.063 |
|
|
Cash & Bank Balances |
10.301
|
8.433 |
4.924 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.031
|
8.746 |
6.853
|
|
Total
Current Assets |
114.419
|
99.658 |
96.787 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
56.099
|
45.547 |
66.445 |
|
|
Other Current Liabilities |
12.569
|
3.802 |
2.745 |
|
|
Provisions |
10.805
|
12.121 |
11.927 |
|
Total
Current Liabilities |
79.473
|
61.470 |
81.117 |
|
|
Net Current Assets |
34.946
|
38.188 |
15.670 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
52.527 |
43.085 |
21.823 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
479.421 |
460.849 |
380.246 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
468.800 |
449.550 |
369.818 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.621 |
11.299 |
10.428 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.038 |
0.760 |
1.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.583 |
10.539 |
9.122 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.855 |
1.091 |
1.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
8.728 |
9.448 |
8.024 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.412 |
3.342 |
2.751 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.316 |
6.106 |
5.273 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
25.61 |
3.060 |
2.785 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
380.000 [Due to market
condition] |
Expected Sales (2012-13) : Rs.600.000 Millions
The above information has been parted by Mrs. Savitha Pillai.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.32
|
1.32 |
1.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.40
|
9.09 |
7.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.35 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.04
|
2.96 |
4.65
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.62 |
1.19
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
For Goods |
52.221 |
43.325 |
65.249 |
|
For Expenses |
0.878 |
2.222 |
1.196 |
|
TOTAL |
53.099 |
45.547 |
66.445 |
|
Sr. No. |
Check List by
Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10067980 |
|
Corporate
identity number of the company |
U30000MH1996PTC096148 |
|
Name of the
company |
INSIGHT BUSINESS
MACHINES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-210, Raj Ratan Industrial Estate, Beside American Spring
Works, Ramchandra Lane Extension, Malad (West), Mumbai – 400064, Maharashtra,
India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Development Credit Bank Limited, 601 and 602, Peninsula Business Park,
6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai-400013,
Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Recording for Collateral Equitable Mortgage Dated 28.01.2012 Nature of
Facility : Cash Credit : Rs.20.000 Millions BG : Rs.10.000 Millions (Enhanced
from Rs.7.500 Millions) FC : Rs.1.000 Millions (New
limit) ----------------------- Total
Rs.31.000 Millions |
|
Date of
instrument Creating the charge |
28.01.2012 |
|
Amount secured by
the charge |
Rs.31.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Extent and Operation of the charge The Charge is
Operative and modified to Rs.31.000 Millions. |
|
Short particulars
of the property charged |
The whole of the
moveable properties of the borrower including its moveable plant and
machinery, machinery spares, tools and accessories, furniture and fixtures,
stocks in trade, finished goods, goods in
progress, raw materials, book debts and other movables, both present and
future whether installed or not and whether now lying loose or in cases or
which are now lying or stored in or about the borrowers
factories, premises and godowns or wherever else the same may be or be held
by any party to the order of disposition of the borrower or in the course of
transit or on high seas or on order or
delivery, howsoever and where so ever in the possession of the Borrower and
either by way of substitution or addition, actionable claims, amounts due and
receivable Under any contract
or otherwise. |
|
Date of latest
modification prior to the present modification |
25.01.2012 |
|
Particulars of
the present modification |
By this
Modification the limit of the charge is increased from Rs.27.500 Millions to Rs.31.000
Millions by way of additional credit facility of Rs.3.500 Millions (Bank
Guarantee Rs.2.500 Millions + Forward Contract CCF Value Rs.1.000 Million)
and the total charge limit is Rs.31.000 Millions and said charge is
collaterally secured by Equitable Mortgage of properties i.e. Gala no. 208,
209, 210 and 211 situated on 2nd Floor, Raj Ratna Industrial Estate, Malad
(west), Mumbai - 400064. Other terms and conditions remain unchanged. |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Not provided for
guarantee issued by company’s |
|
|
|
Others |
9.256 |
5.493 |
FIXED ASSETS:
·
Land and Building
·
Computer
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
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.54.94 |
|
|
1 |
Rs.88.42 |
|
Euro |
1 |
Rs.71.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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.