|
Report Date : |
18.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
jindal mining sa (pty) ltd. |
|
|
|
|
Registered Office : |
Ground Floor Building No.
1 Parc Nicol William Nicol Drive Bryanston 3001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
18.07.2000 |
|
|
|
|
Com. Reg. No.: |
M2000/016078/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Mining of Coal and Lignite |
|
|
|
|
No. of Employees : |
600 Approximately (Contracted) |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
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) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
JINDAL
MINING SA (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
MAXIMUM |
|
Enquiry Terms |
|
|
Account Review |
|
|
Subject Contact person |
ANIL
NANCHAN |
|
Assessment |
On
Investigation we made contact with Anil Nanchan . This
appears to be a well established company as it was stated to be a part of the
JINDAL GROUP and effects a substancial turnover. We
were unable to obtain trade references from the subject as they were
declined. A
bank code was unobtainable due to the account name and account number not
matching, we have attempted to re-contact the subject to no avail. Please
see attached financials for JINDAL MINING SA (PTY) LTD and basic information
below. We
cannot recommend a maximum figure. |
|
Registered Name |
JINDAL MINING SA (PTY) LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
M2000/016078/07 |
|
Registration Date |
2000/07/18 |
|
Date Commenced Trading |
2000/07/18 |
|
Age of Business |
11 Years 7 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
Unavailable |
|
Authorised Share Capital |
1000.0000 |
|
Issued Share Capital |
100 |
|
Status |
In Business |
|
Operations Assessment |
Mining |
|
Industry/ Customers |
Mining |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
210 |
|
Definition of Code |
MINING OF COAL AND LIGNITE |
|
Head Office Physical Address |
Ground Floor Building No. 1 Parc Nicol William Nicol Drive Bryanston 3001 |
|
Head Office Postal Address |
Postnet Suite
200 Private Bag X75 Bryanston 2021 |
|
Current Tel Number |
011 7068420 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
EYE SURE |
|
Trading Name |
EYE SURE |
|
Registration Number |
IRBA No. 903623/503326 |
|
Physical Address |
890 Dragme Street Wilgeheuwel 1736 |
|
Postal Address |
PO Box 78 WILGEHEUWEL 1736 |
|
Contact Person |
D.J. SMITH |
|
Contact Number |
011 4757010 |
|
Email |
|
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
|
SAICA number |
08070241 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
4 |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
KPMG INC |
|
12 |
|
DALES AND
COMPANY |
|
5 |
|
COMPENDUM
INCORPORATED |
|
Unknown |
|
Vat Number |
4450253598 |
|
Status |
Active |
|
Vat Liable Date |
2009-07-01 |
|
Tax Number |
9498114140 |
|
Tax Clearance Expire Date |
March |
|
Financial Year End |
March |
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
06/02/2012 (Being Renewed) |
|
BEE Certificate Available |
No |
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Registered |
Unavailable |
|
Compliance Certified |
|
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1. Salaried
employees |
Unavailable |
|
2. Waged
employees |
Unavailable |
|
3. Permanent
employees |
Unavailable |
|
4. Casual
employees |
Unavailable |
|
5. Contracted
employees |
600
Approximately |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
Unavailable |
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
PROMINENT PROPERTIES |
|
Owned by |
Unavailable |
|
Value |
Unavailable |
|
Bond |
Unavailable |
|
Bank |
Unavailable |
|
Lease Agreement |
Unavailable |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Unavailable |
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
Unavailable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
|
|
|
|
|
|
|
Company |
Value |
Contact |
|
Declined |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Declined |
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Declined |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court
Records |
None |
|
RDs |
None |
Judgements
|
Case Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court Name |
|
|
Judgement Type |
|
|
Judgement Date |
|
|
Plaintiff (Multiple) |
|
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
ABSA |
|
Branch |
TOWERS NORTH JOHANNESBURG |
|
Bank Account Number |
4074429547 |
|
Type of Account |
Cheque |
|
Account Name |
JINDAL MINING SA (PTY) LTD |
|
Overdraft Facilities |
Yes/No |
|
Date Opened |
Unavailable |
|
Bank Code |
Unavailable |
|
Bank Comment |
Name and number do not match |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
|
|
|
|
|
Property Interests for Company
|
Title Deed No. |
T145111/2006 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
MKHONDO RURAL |
|
Property Type |
Farms |
Extent / Size |
27.5384SQM |
|
Purchase Date |
2005-10-28 |
Purchase price |
R
570 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K2451985S |
Bond Amount |
R 0,00 |
|
Title Deed No. |
T145111/2006 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
MKHONDO RURAL |
|
Property Type |
Farms |
Extent / Size |
4.4129 |
|
Purchase Date |
2005-10-28 |
Purchase price |
R
570 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0,00 |
Financial
Estimates
Please see
attached the financials for JINDAL MINING SA (PTY) LTD
|
CURRENT ASSETS |
|
|
Stock |
R 42 810 143,00 |
|
Debtors |
R 53 238 643,00 |
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
R 124 689 762 |
|
Property |
Unavailable |
|
CURRENT LIABILITIES |
|
|
Creditors |
R 64 626 505 |
|
Loans/ From? |
R 207 086 714 |
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
Unavailable |
|
Previous Year Turnover |
R 290 594 459,00 |
|
Estimated Current Year Turnover |
R 700 000 000,00 |
|
Current Turnover per month |
R 50 000 000,00 |
|
Current Turnover per annum |
R 700 000 000,00 |
Please note the
following:
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
5 |
|
Average Age of Active Principals |
55 |
Active Principals
Principal 1 of 5: ASHISH KUMAR
|
Surname |
KUMAR |
|
First Name |
ASHISH |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
G802282 |
|
Verified ID Number |
No |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/08/14 |
|
Physical Address (at time of Appointment) |
Flat 302 Tower 7 UNIWORLD GARDEN 2001 |
|
Postal Address |
Sohan Road Gurgam HARAYANA 0000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ASHISH KUMAR
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: ASHISH KUMAR
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL MINING SA (PTY) LTD |
M2000/016078/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EASTERN SOLID FUELS (PTY) LTD |
M2004/009062/07 |
In Business |
7 Years 10
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
Unavailable |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Unavailable |
|
|
|
|
|
Property
Interests for: ASHISH KUMAR
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal
2 of 5: ANTONY ZEBERT
|
Surname |
ZEBERT |
|
First Name |
ANTONY |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
6506085091080 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-08-14 |
|
Physical Address (at time of Appointment) |
6 Cottage Street Robindale GAUTENG 2194 |
|
Postal Address |
Postnet Suite X200 Private Bag X75 Bryanston GAUTENG 2021 |
|
Current Tel Number |
011 8883406 |
|
Cell number |
082 9768449 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: ANTONY ZEBERT
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: ANTONY ZEBERT
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL AFRICA INVESTMENTS (PTY) LTD |
2008/025072/07 |
In Business |
3 Years 4 Months |
0 |
No |
|
JINDAL MINING SA (PTY) LTD |
M2000/016078/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EASTERN SOLID FUELS (PTY)LTD |
M2004/009062/07 |
In Business |
7 Years 10
Months |
0 |
No |
|
BOLD MOVES 1326 (PTY) LTD |
M2009/008283/07 |
In Business |
2 Years 10
Months |
0 |
No |
|
MAIN STREET 898 (PTY) LTD |
M2011/009045/07 |
In Business |
Unknown |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
16 Years 4 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ZEBERT A C ENGINEERING CC |
1995/045653/23 |
Deregistration
Final |
16 Years 4
Months |
0 |
No |
Deeds Information
Property
Interests for: ANTONY ZEBERT
|
Title Deed No. |
ST33870/2005 |
Erf/Site No. |
251 |
|
Deeds Office |
BLOEMFONTEIN |
Physical Address |
RIETFONTEIN METSIMAHOLO RURAL |
|
Property Type |
Section Title / Unit |
Extent / Size |
290.0SQM |
|
Purchase Date |
2005-08-28 |
Purchase price |
R
1 200 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK OF
SOUTH AFRICA LTD |
|
Bond Number |
SB252042005 |
Bond Amount |
R
1 200 000,00 |
Principal 3 of 5: ARUN NARAIN
|
Surname |
NARAIN |
|
First Name |
ARUN |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
19431101 |
|
Verified ID Number |
No |
|
Current Age |
69 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-06-04 |
|
Physical Address (at time of Appointment) |
319 Headingley Jacobs Avenue ILLOVO 2196 |
|
Postal Address |
319 Headingley Jacobs Avenue ILLOVO 2196 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ARUN NARAIN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ARUN NARAIN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL MINING SA (PTY) LTD |
M2000/016078/07 |
In Business |
11 Years 7
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property Interests for: ARUN NARAIN
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 5: RAJESH BHATIA
|
Surname |
BHATIA |
|
First Name |
RAJESH |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
Z1177136 |
|
Verified ID Number |
No |
|
Current Age |
46 |
|
Designation |
Business Man |
|
Status |
Active |
|
Appointment Date |
2008-10-27 |
|
Physical Address (at time of Appointment) |
15 BHIKAJI GAMA PLACE NEW DEHLI 0000 |
|
Postal Address |
Postnet Suite 200 Postbag X75 Bryanston |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: RAJESH BHATIA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: RAJESH BHATIA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL MINING SA (PTY) LTD |
M2000/016078/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EASTERN SOLID FUELS (PTY) LTD |
M2004/009062/07 |
In Business |
7 Years 10
Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
3 Years 4 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL AFRICA INVESTMENTS (PTY) LTD |
2008/025072/07 |
In Business |
3 Years 4 Months |
0 |
No |
Deeds Information
Property Interests for: RAJESH BHATIA
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5: VIKKRANT KUMAR GUJRAL
|
Surname |
GUJRAL |
|
First Name |
VIKKRANT |
|
Other Names |
KUMAR |
|
Marital Status |
Unavailable |
|
ID Number |
1176261 |
|
Verified ID Number |
No |
|
Current Age |
71 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-10-27 |
|
Physical Address (at time of Appointment) |
BUILDING NO 3 3001 William Nicol Drive BRYANSTON 2021 |
|
Postal Address |
Postnet Suite 200 Private Bag X75 BRYANSTON 2021 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for VIKKRANT KUMAR GUJRAL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for VIKKRANT KUMAR GUJRAL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JINDAL MINING SA (PTY) LTD |
M2000/016078/07 |
In Business |
11 Years 7
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Unavailable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deeds Information
Property Interests for VIKKRANT KUMAR GUJRAL
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
FIGURES IN RAND |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Assets |
|
|
|
Non-Current
Assets |
|
|
|
Property,
plant and equipment |
124 869 762 |
21 462 944 |
|
Mine
development expenditure |
34 736 949 |
28 466 825 |
|
Capital
work in progress |
1 658 884 |
64 535 056 |
|
Other
non-current assets |
- |
530 000 |
|
|
161 265 595 |
114 994 825 |
|
Current Assets |
|
|
|
Inventories |
42 810 143 |
16 268 601 |
|
Trade
and other receivables |
75 226 727 |
17 558 360 |
|
Cash and
cash equivalents |
1 703 464 |
1 150 557 |
|
|
119 740 334 |
34 977 518 |
|
Total Assets |
281 005 929 |
149 972 343 |
|
|
|
|
|
Equity and Liabilities |
|
|
|
Equity |
|
|
|
Share
capital |
1 136 |
1 136 |
|
Share
premium |
10 195 989 |
10 195 989 |
|
Accumulated
loss |
(904 415) |
{3 657 301) |
|
|
9 292 710 |
6 539 824 |
|
Liabilities |
|
|
|
Non-Current
Liabilities |
|
|
|
Loans
from shareholders |
202 061 854 |
126 885 395 |
|
Loan
from Jindai Africa Investments (Pty) Ltd |
5 024 860 |
973 991 |
|
|
207 086 714 |
127 859 386 |
|
Current
Liabilities |
|
|
|
Current
tax payable |
121 728 |
121 728 |
|
Trade
and other payables |
64 278 532 |
15 259 682 |
|
Provisions |
226 245 |
191 723 |
|
|
64 626 505 |
15 573 133 |
|
Total Liabilities |
271 713 219 |
143 432 519 |
|
|
|
|
|
Total Equity and Liabilities |
281 005 929 |
149 972 343 |
|
FIGURES IN RAND |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Revenue |
290 594 459 |
2 218 104 |
|
Cost of
sales |
(148 814 734) |
1 187 696 |
|
Gross profit |
141 779 725 |
3 405 800 |
|
|
|
|
|
Other
income |
605 013 |
- |
|
Operating
expenses |
(134 651 481) |
(6 905 515) |
|
Operating profit (loss) |
7 733 257 |
(3 499 715) |
|
|
|
|
|
Investment
revenue |
598 209 |
207 198 |
|
Finance
costs |
(5 578 580) |
- |
|
Profit (loss) for the year |
2 752 886 |
(3 292 517) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 score serves as a reference to assess SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.