|
Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROOP POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-079003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.68.471 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL1996PLC079003 |
|
|
|
|
Legal Form : |
A closely held public limited liability company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Rubber and Plastic for Auto Components |
|
|
|
|
No. of
Employees: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 273884 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. General financial
position of the company is good. Trade relations are fair. Business is active.
Payment are reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual 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 (30.09.2011) |
Current Rating (31.12.2011) |
|
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 : |
1st Floor, |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No.30, IMT, Sector-3, Manesar, Gurgaon-122 002, |
|
Tel. No.: |
91-124-4610801/899 |
|
Fax No.: |
91-124-4369692 |
|
|
|
|
Factory 2/ Head Ofice : |
27 and 28, IDC, Mehravli road, Gurgaon-122 006, |
|
Tel. No.: |
91-124-5081970/2362936-37/22622027-28/5084096 |
|
Fax No.: |
91-124-2362836/2327403 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
68, Roz-Ka- Meo Industrial Area, Sohna, Gurgaon, |
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Overseas Offices: |
Located At: ·
·
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Anil Jain |
|
Designation : |
Managing Director |
|
Address : |
L-26/05, DLF Phase - 11, Gurgaon- 122 001, |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046879 |
|
|
|
|
Name : |
Mr. Hitesh Jain |
|
Designation : |
Whole Time Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
|
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046850 |
|
|
|
|
Name : |
Mr. Mohit Oswal |
|
Designation : |
Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
|
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046674 |
|
|
|
|
Name : |
Mr. Prem Kurnar |
|
Designation : |
Director |
|
Address : |
B-361174, Vikas Nagar, |
|
Date of Appointment : |
29.10.2005 |
|
DIN No : |
00051349 |
|
|
|
|
Name : |
Mr. R. S. Kundi |
|
Designation : |
Director |
|
Address : |
258-B, Sector - 14, Gurgaon- 1 2200 1, |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00203082 |
|
|
|
|
Name : |
Mr. Rishi Jain |
|
Designation : |
Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
|
|
Date of Appointment : |
04.08.2010 |
|
DIN No : |
03160582 |
|
|
|
|
Name : |
Mr. Kunal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001, |
|
Date of Appointment : |
19.01.2011 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Nirmal |
|
Designation : |
Company Secretary |
|
Address : |
46D/3, Gopal Nagar, Near City Bus Stand, Gurgaon- I2200 1, |
|
Date of Appointment : |
17.07.2010 |
|
PAN No : |
AIBPN1385N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Non Corporate Shareholders (Individuals) |
|
|
|
Anil Jain |
|
1572700 |
|
Mohit Oswal |
|
492100 |
|
Hitesh Jain |
|
778200 |
|
Anju Jain |
|
200400 |
|
Kanta Jain |
|
12000 |
|
Meenakshi Jain |
|
99500 |
|
Sarita Oswal |
|
100000 |
|
Meenakshi Kilm |
|
80000 |
|
K. L. Appachu |
|
50000 |
|
Suneer Jain |
|
20000 |
|
Ram Prasad Jain |
|
11000 |
|
Vibhav Kilm |
|
5000 |
|
Garde |
|
20000 |
|
Pawan Siegell |
|
30000 |
|
Sudhir |
|
226020 |
|
Corporate
Shareholders |
|
|
|
Roop Rubber Mills Limited, |
|
2670100 |
|
Roop Automotives Limited, |
|
60100 |
|
Technico Agencies Private Limited, |
|
60000 |
|
M. S. Capital and Management Services Limited, |
|
75000 |
|
Kush Leasing Private Limited, |
|
75000 |
|
M. S. Leasing Private Limited, |
|
50000 |
|
Prateek Securities Private Limited, |
|
50000 |
|
Pass Food Production Private Limited, |
|
60000 |
|
PCB Constructions Private Limited, |
|
50000 |
|
Total |
|
6847120 |
LIST OF ALLOTTEES AS ON 14.04.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hitesh Jain |
|
560000 |
|
Meenakshi Jain |
|
100000 |
|
Rishi Jain |
|
170000 |
|
Total |
|
830000 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
46.00 |
|
Directors or relatives of directors |
|
47.53 |
|
Other top fifty shareholders |
|
6.47 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber and Plastic for Auto Components |
|
|
|
|
Products : |
Moulded/ Extruded Rubber Parts |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Citi Bank N.A, Jeevan Bharti Building, 4th Floor,
124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India ·
Kotak Mahindra Bank Limited, 15-16 Upper Ground
Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi – 110001,
Delhi, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Scan Associated Chartered Accountants |
|
Address : |
108, Aradhana Bhawan, Azadpur Commercial Cmplex, Delhi-110 0033, |
|
Tel. No.: |
91-11-27671631/27672697 |
|
|
|
|
Entities over which Key Managerial Personnel are able to exercise
significant influence: |
·
Roop Rubber Mills Limited ·
Roop Arima Fabricators Private Limited ·
Jainco Rubber Industries Limited ·
Roop Auto Limited ·
S A Agencies – Partnership Firm |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7245000 |
Equity Shares |
Rs. 10/- each |
Rs. 72.450 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6847120 |
Equity Shares |
Rs. 10/- each |
Rs. 68.471
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 |
68.471 |
68.471 |
68.471 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
347.428 |
214.480 |
152.816 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
415.899 |
282.951 |
221.287 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
235.920 |
178.730 |
222.848 |
|
|
2] Unsecured Loans |
13.726 |
12.026 |
15.767 |
|
|
TOTAL BORROWING |
249.646 |
190.756 |
238.615 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
2.159 |
|
|
|
|
|
|
|
|
TOTAL |
665.545 |
473.707 |
462.061 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
434.544 |
374.494 |
359.376 |
|
|
Capital work-in-progress |
38.795 |
0.003 |
5.757 |
|
|
|
|
|
|
|
|
INVESTMENT |
17.604 |
14.801 |
14.137 |
|
|
DEFERREX TAX ASSETS |
0.680 |
0.884 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
101.705
|
58.900
|
60.866
|
|
|
Sundry Debtors |
384.307
|
281.531
|
234.291
|
|
|
Cash & Bank Balances |
26.228
|
9.269
|
11.901
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
89.986
|
68.335
|
38.152
|
|
Total
Current Assets |
602.226
|
418.035
|
345.210 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
266.961
|
204.889
|
223.998
|
|
|
Other Current Liabilities |
108.343
|
93.507
|
30.346
|
|
|
Provisions |
53.000
|
36.114
|
8.075
|
|
Total
Current Liabilities |
428.304
|
334.510
|
262.419 |
|
|
Net Current Assets |
173.922
|
83.525
|
82.791
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
665.545 |
473.707 |
462.061 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1710.284 |
1161.807 |
827.388 |
|
|
|
Other Income |
6.758 |
2.081 |
6.011 |
|
|
|
Profit on sale of Fixed Assets |
0.000 |
0.000 |
(0.032) |
|
|
|
TOTAL (A) |
1717.042 |
1163.888 |
833.367 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
959.563 |
626.686 |
444.924 |
|
|
|
Manufacturing and Other Expenses |
118.089 |
81.384 |
184.766 |
|
|
|
Contract Cost |
71.989 |
59.558 |
|
|
|
|
Personnel Expenses |
190.560 |
137.135 |
43.095 |
|
|
|
Administrative Expenses |
95.799 |
78.231 |
28.685 |
|
|
|
Selling and Distribution Expenses |
0.000 |
0.000 |
23.147 |
|
|
|
Fringe Benefit Tax-A/Y 2009-2010 |
0.000 |
0.000 |
0.690 |
|
|
|
Increase/ (Decrease) in finished goods and WIP |
0.000 |
0.000 |
(8.288) |
|
|
|
Bad Debts Written Off |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
1436.000 |
982.994 |
717.019 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
281.042 |
180.894 |
116.348 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.985 |
19.479 |
27.075 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
261.057 |
161.415 |
89.273 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
74.923 |
64.156 |
65.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
186.134 |
97.259 |
23.823 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.186 |
35.643 |
3.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
132.948 |
61.616 |
19.840 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
152.816 |
132.976 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
347.428 |
214.432 |
152.816 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
NA |
61.200 |
63.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.41 |
09.00 |
3.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.74
|
5.29
|
2.38
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.88
|
11.75
|
2.88
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.95
|
12.27
|
3.38
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.34
|
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
1.86
|
2.26
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.25
|
1.32
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
PERFORMANCE OF THE
COMPANY
During the year the Company has earned a profit after tax of
Rs.132.947 Millions as compared to the previous year’s profit of Rs. 61.663
Millions. The Company has recorded an increase of 47.20% in net sales as
compared to the last year.
Form 8
|
Corporate
identity number of the company |
U18101DL1996PLC079003 |
|
Name of the
company |
ROOP POLYMERS LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, |
|
This form is for |
Modification of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Immovable property Floating charge |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited |
|
Nature of
instrument creating charge |
Suppemental
Deed Of Hypothcation Dated 25/05/2012 |
|
Date of
instrument Creating the charge |
25.05.2012 |
|
Amount secured by
the charge |
Rs. 216.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanction letter / or such other rate as may be prescribed by
the bank from time to time. Terms of
repayment As per Sanction terms of the facilities sanctioned. Margin The Company shall maintain such margin as may be specified
by the bank from time to time. Extent and
operation of the charge First
Pari Passu With Charge(S) Created/To Be Created Therover By The Borrower In
Favour Of Kotak Mahindra Bank Limited For Rs. 80.000 Millions (Working
Capital Facilities) And Exclusive Charge In Favour Of Kotak Mahindra Bank
Limited For Rs. 136.000 Millions (Term Loan Facilities) |
|
Short particulars
of the property charged (Including location of the property) |
OR
WORKING CAPITAL: The whole of the borrower's current assets, both present and
future FOR
TERM LOAN: The borrower's moveable
fixed assets, both present and future acquired with the proceeds of the
facility from the Bank additionally
secured by all that piece of land
bearing Plot No. 30 admeasuring 11550 Sq. meter and situated in Sector 3,
Industrial Estate IMT, Manesar, Gurgaon Haryana |
|
Date |
19/12/2011 |
|
Particulars of
the present modification |
Overall
limit has been enhanced from Rs. 191.200 Millions to Rs. 216.000 Millions. First
pari passu charge on all existing and future current assets of borrower in
relation to WC facility of Rs. 80.000 Millions. Exclusive charge on moveable fixed assets for TL
facilities of Rs. 136.000 Millions. The
above is additionally secured by all
that piece of land bearing Plot No. 30 admeasuring 11550 Sq. meter and
situated in Sector 3, Industrial Estate IMT, Manesar, Gurgaon Haryana |
Fixed Assets:
·
Land
·
Building
·
Furniture and Fixture
·
Moulds
·
Cycle
·
Electrical Fitting
·
Air Conditioner
·
Refrigerator
·
Plant and machinery
·
Fire Fighting Equipments
·
Vehicle
·
Computer
·
Office Equipments
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.55.66 |
|
|
1 |
Rs.85.89 |
|
Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.