MIRA
INFORM REPORT
|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ECOSCAPES INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
203B, Parvati Industrial Estate, Sun Mill Compound, Lower
Parel (West), Mumbai – 400013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-144282 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311MH2004PTC144282 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04983G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE2949J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Company is dealing in Fabric, Gift Articles and other Home Appliances etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The appears
huge accumulated losses from past few years. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings at safe and secure
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) |
|
|
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 : |
203B, Parvati Industrial Estate, Sun Mill Compound, Lower
Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 10.09.2011
|
Name : |
Mr. Kiran Omprakash Goenka |
|
Designation : |
Director |
|
Address : |
101, 10TH Floor, Somerset House, Sophia College Lane, Warden
Road, Mumbai – 411016, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1954 |
|
Date of Appointment : |
29.01.2004 |
|
PAN No.: |
ABIPG3140L |
|
DIN No.: |
00093042 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999MH1985PLC035166 |
MIRAH
DEKOR LIMITED |
Whole-time
director |
01-10-08 |
25-01-85 |
- |
Active |
NO |
|
2 |
U51311MH2004PTC144282 |
ECOSCAPES
INTERNATIONAL PRIVATE LIMITED |
Director |
29-01-04 |
29-01-04 |
- |
Active |
NO |
|
3 |
U70101MH2004PTC147338 |
SCENIC
PROPERTIES PRIVATE LIMITED |
Director |
06-07-04 |
06-07-04 |
- |
Active |
NO |
|
4 |
U55100MH1985PTC036569 |
CITRUS
CHAMBERS MAHABALESHWAR PRIVATE LIMITED |
Director |
03-04-07 |
03-04-07 |
- |
Active |
NO |
|
5 |
U74140MH2007PTC171186 |
VAIDEHI
ENTERPRISES PRIVATE LIMITED |
Director |
28-05-07 |
28-05-07 |
26-05-11 |
Active |
NO |
|
6 |
U74140MH2007PTC171182 |
VRIDDHI
ENTERPRISES PRIVATE LIMITED |
Director |
28-05-07 |
28-05-07 |
26-05-11 |
Active |
NO |
|
7 |
U74140MH2007PTC171185 |
RAMKRIPA
ENTERPRISES PRIVATE LIMITED |
Director |
28-05-07 |
28-05-07 |
10-07-10 |
Active |
NO |
|
8 |
U74140MH2007PTC171187 |
WEST
COAST ENTERPRISES PRIVATE LIMITED |
Director |
28-05-07 |
28-05-07 |
- |
Active |
NO |
|
9 |
U55101MH2007PTC171884 |
CITRUS
RESORTS CHENNAI PRIVATE LIMITED |
Director |
21-06-07 |
21-06-07 |
- |
Active |
NO |
|
10 |
U70109MH2007PTC171883 |
EDIFICE
LAND DEVELOPERS PRIVATE LIMITED |
Director |
21-06-07 |
21-06-07 |
- |
Active |
NO |
|
11 |
U70100MH2007PTC171878 |
EDIFICE
INFRASTRUCTURE PRIVATE LIMITED |
Director |
21-06-07 |
21-06-07 |
- |
Active |
NO |
|
12 |
U45400MH2007PTC171960 |
SCENIC
BUILDERS PRIVATE LIMITED |
Director |
25-06-07 |
25-06-07 |
- |
Active |
NO |
|
13 |
U92400MH2004PTC146693 |
ROYAL
MARWAR HOSPITALITY PRIVATE LIMITED |
Director |
29-09-10 |
13-05-10 |
- |
Active |
NO |
|
Name : |
Ms. Manjusha Rajendra Maloo |
|
Designation : |
Director |
|
Address : |
161A, Pundrik, Modi Baug, Sudhir Pawan Path, Shivaji Nagar, Pune –
411016, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1958 |
|
Date of Appointment : |
29.01.2004 |
|
DIN No.: |
00591657 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01135MP1982PTC002094 |
ALIVE
INTERIORS PVT LTD |
Director |
25-11-82 |
25-11-82 |
Active |
|
|
2 |
U01810MP1988PTC004784 |
ANGRAAG
FASHIONS PVT LTD |
Director |
13-09-88 |
13-09-88 |
Strike
off |
NO |
|
3 |
U51311MH2004PTC144282 |
ECOSCAPES
INTERNATIONAL PRIVATE LIMITED |
Director |
29-01-04 |
29-01-04 |
Active |
NO |
|
Name : |
Ms. Girija Gaurav Goenka |
|
Designation : |
Director |
|
Address : |
101, 10TH Floor, Somerset House, Sophia College Lane, Warden
Road, Mumbai – 411016, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1981 |
|
Date of Appointment : |
05.05.2009 |
|
PAN No.: |
ANXPK5579J |
|
DIN No.: |
01266421 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70200MH2007PTC167761 |
APOTHEOSIS
INFRASTRUCTURE PRIVATE LIMITED |
Director |
10-02-07 |
10-02-07 |
- |
Active |
NO |
|
2 |
U65030MH1986PTC041815 |
BON
VOYAGE TOURS AND TRAVELS PRIVATE LIMITED |
Director |
15-07-08 |
15-07-08 |
- |
Active |
NO |
|
3 |
U55101MH2008PTC185781 |
CITRUS
RESORTS PRIVATE LIMITED |
Director |
13-08-08 |
13-08-08 |
- |
Active |
NO |
|
4 |
U74999MH2009PTC190917 |
ANEMONE
ENTERPRISES PRIVATE LIMITED |
Director |
13-03-09 |
13-03-09 |
- |
Active |
NO |
|
5 |
U74990MH2009PTC190918 |
BLUET
ENTERPRISES PRIVATE LIMITED |
Director |
13-03-09 |
13-03-09 |
25-05-10 |
Active |
NO |
|
6 |
U74990MH2009PTC190913 |
ALISIER
ENTERPRISES PRIVATE LIMITED |
Director |
13-03-09 |
13-03-09 |
- |
Active |
NO |
|
7 |
U74990MH2009PTC190912 |
ELOQUENCE
ENTERPRISES PRIVATE LIMITED |
Director |
13-03-09 |
13-03-09 |
- |
Active |
NO |
|
8 |
U74990MH2009PTC190924 |
PRUNIER
ENTERPRISES PRIVATE LIMITED |
Director |
13-03-09 |
13-03-09 |
- |
Active |
NO |
|
9 |
U51311MH2004PTC144282 |
ECOSCAPES
INTERNATIONAL PRIVATE LIMITED |
Director |
30-09-09 |
05-05-09 |
- |
Active |
NO |
|
10 |
U92400MH2004PTC146693 |
ROYAL
MARWAR HOSPITALITY PRIVATE LIMITED |
Director |
29-09-10 |
13-05-10 |
- |
Active |
NO |
|
11 |
U17118MH2003PTC138831 |
D.SQUARE
SOLUTIONS PRIVATE LIMITED |
Director |
27-09-10 |
28-06-10 |
- |
Active |
NO |
|
12 |
U15132MH2007PTC174847 |
HIMESH
FOODS PRIVATE LIMITED |
Director |
19-10-10 |
19-10-10 |
- |
Active |
NO |
|
13 |
U92412MH2010PTC209167 |
GREAT
MARATHA ENTERTAINMENT COMPANY PRIVATE LIMITED |
Director |
19-10-10 |
19-10-10 |
- |
Active |
NO |
|
14 |
U15316DL2002PTC116912 |
IRENES
COFFEE COMPANY PRIVATE LIMITED |
Director |
11-12-10 |
11-12-10 |
- |
Active |
NO |
|
15 |
U70100MH2010PTC204578 |
IHITA
ENTERPRISES PRIVATE LIMITED |
Director |
02-01-12 |
02-01-12 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kiran Omprakash Goenka |
|
5000 |
|
Manjusha Rajendra Maloo |
|
5000 |
|
Total
|
|
10000 |
As on 10.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is dealing in Fabric, Gift Articles and other Home Appliances etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
KPB and Associates Chartered Accountants |
|
Address : |
208, Dalamal Chambers, |
|
Tel. No.: |
17, New Marine Lines, Mumbai – 400020, Maharashtra, India |
|
PAN.: |
AFGPM0026B |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(22.644) |
(18.157) |
(5.334) |
|
|
NETWORTH |
(22.544) |
(18.057) |
(5.234) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.372 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
53.100 |
51.600 |
0.000 |
|
|
TOTAL BORROWING |
53.472 |
51.600 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.928 |
33.543 |
(5.234) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.453 |
4.316 |
3.031 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
51.447
|
46.210 |
31.334 |
|
|
Sundry Debtors |
43.737
|
66.935 |
29.839 |
|
|
Cash & Bank Balances |
3.594
|
1.581 |
1.686 |
|
|
Other Current Assets |
2.255
|
2.625 |
1.599 |
|
|
Loans & Advances |
7.202
|
8.058 |
8.372 |
|
Total
Current Assets |
108.235
|
125.409 |
72.830 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
86.285
|
96.543 |
80.969 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.177 |
0.177 |
|
Total
Current Liabilities |
86.285
|
96.720 |
81.146 |
|
|
Net Current Assets |
21.950
|
28.689 |
(8.316) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.025 |
0.038 |
0.051 |
|
|
|
|
|
|
|
|
TOTAL |
30.928 |
33.543 |
(5.234) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
131.300 |
85.787 |
77.419 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
134.040 |
97.617 |
83.043 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(2.740) |
(11.830) |
(5.624) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.747 |
0.993 |
0.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(4.487) |
(12.823) |
(6.244) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(4.487) |
(12.823) |
(6.244) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(18.157) |
(5.334) |
0.910 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(22.644) |
(18.157) |
(5.334) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(448.69) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(3.42)
|
(14.95) |
(8.07) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.85)
|
(9.88) |
(8.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.71 |
1.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(6.20)
|
(8.21) |
(15.50) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.30 |
0.90 |
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 |
No |
|
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 |
-- |
|
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 |
NOTE:
The registered office address of the company has been shifted from “41,
Pushpa Milansophia College Lane, Warden Road, Mumbai – 400026, Maharashtra,
India” to the present address w.e.f. 01.09.2009
FINANCIAL RESULTS:
Due to moderate competitions from handful of players in organized sector, the Company has recorded a gross income of Rs.131.300 Millions (as against Rs.85.787 Millions for the Previous Year) during the financial year 2010‐2011. The Company has incurred total loss of Rs.4.487 Millions after depreciation (Previous Year Rs.12.823 Millions).
FIXED ASSETS:
·
Air Conditioner
·
Furniture and Fixtures
·
Office Equipments
·
Scorpio Car
·
Maruti Omni
·
Sample Making Machine
·
Computer
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 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.55.60 |
|
|
1 |
Rs.87.34 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
14 |
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.