MIRA
INFORM REPORT
|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KREDENCE MULTI TRADING LIMITED (w.e.f.02.03.2009) |
|
|
|
|
Formerly Known
As : |
SANJUG TRADING COMPANY LIMITED |
|
|
|
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Registered
Office : |
530, Nav Vyapar Bhavan, |
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|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
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|
Date of
Incorporation : |
04.02.1984 |
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|
|
|
Com. Reg. No.: |
11-031992 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.405 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1984PLC031992 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS38900B |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACS0778A |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader of Hot rolled coils/ sheets/ plates, Cold rolled coils/ sheets
and Galvanised coils/ sheets. |
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|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
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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 established company having satisfactory track. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct. The company can be considered for normal 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.
INFORMATION DENIED
Unable to Contact
LOCATIONS
|
Registered Office : |
530, Nav Vyapar Bhavan, 49 P.D. Mello Road, Mumbai – 400009,
Maharashtra, India |
|
Tel. No.: |
91-22-66361316 |
|
Fax No.: |
91-22-66361317 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rolph Sequeira |
|
Designation : |
Director |
|
Address : |
B/4,704,High
Land Park, Jai Shastri Nagar, Mulund (West), Mumbai-400 082, Maharashtra,
India |
|
Date of Birth/Age : |
21.06.1960 |
|
Date of Appointment : |
04.04.2005 |
|
DIN No.: |
00367084 |
|
|
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|
Name : |
Mrs. Divya Dhawan |
|
Designation : |
Director |
|
Address : |
B-9 6491, Vasant Kunj, New Delhi, 110070, Delhi, India |
|
Date of Birth/Age : |
04.09.1983 |
|
Date of Appointment : |
11.05.2009 |
|
DIN No.: |
02202030 |
|
|
|
|
Name : |
Mr. Debkumar Goswami |
|
Designation : |
Director |
|
Address : |
A/501,
Vigyanshila, 7 Bunglow, New Juhu Versova Link Road, Andheri (West), Mumbai -
400061, Maharashtra, India |
|
Date of Birth/Age : |
10.02.1946 |
|
Date of Appointment : |
11.05.2009 |
|
DIN No.: |
20390068 |
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|
|
|
Name : |
Mr. Anuj Miglani |
|
Designation : |
Director |
|
Address : |
Samruddhi, 22,
Alta Mount Road, Opp. Aza, Mumbai - 400 026, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1974 |
|
Date of Appointment : |
06.07.2010 |
|
DIN No.: |
00287097 |
|
|
|
|
Name : |
Mr.Ankit Miglani |
|
Designation : |
Director |
|
Address : |
Samruddhi, 22,
Alta Mount Road,Opp. Aza, Mumbai - 400 026, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1979 |
|
Date of Appointment : |
06.07.2010 |
|
DIN No.: |
00444956 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Agwane Subhash L |
|
50 |
|
Dandekar Yashwant |
|
50 |
|
Desai Bhanumati R |
|
50 |
|
Doshi Harsha S |
|
50 |
|
Doshi Ramesh S |
|
50 |
|
Doshi Shantilal Mavji |
|
50 |
|
Durgole Dhondu Ramji |
|
50 |
|
Dhowle Prabhakar
Ganpat |
|
50 |
|
Dhembra Shivaji |
|
50 |
|
Deepika Bavishi S |
|
100 |
|
kalaben S Bavishi |
|
100 |
|
Usha H Lodya |
|
150 |
|
Amala A Noya |
|
150 |
|
Kaushik Mehta |
|
200 |
|
S Ramkrishnan |
|
200 |
|
Vasant Nakhwa |
|
250 |
|
Radha S Nair |
|
250 |
|
Suresh Karmavat |
|
5000 |
|
Shantilal Kadmawad |
|
4000 |
|
Nalin Mehta Joint With Shantilal Mehta |
|
3000 |
|
Goel Gayatri A |
|
50 |
|
Jatin Shah with Amratlal Shah |
|
1800 |
|
Rosy D'Souza |
|
2000 |
|
N C Wig |
|
136000 |
|
Ankit Miglani |
|
125000 |
|
Names of Shareholders (Preference Share) |
|
No. of Shares |
|
Ragini Trading and Investment Limited, India |
|
250000 |
|
|
|
|
|
Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
44.20 |
|
Other top fifty shareholders |
55.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Hot rolled coils/ sheets/ plates, Cold rolled coils/ sheets
and Galvanised coils/ sheets. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
State Bank of India, Sir P M Road Branch, Gresham House, Ground Floor,
Sir P.M Road, Fort, Mumbai – 400001, Maharashtra, India |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
DESAI SONAL VINOD Chartered Accountant |
|
Address : |
104, Tuscon,
Trikal CHS, Plot No. 310, 90 Feet Road, Ghatkopar (East), Mumbai - 400075,
Maharashtra, India |
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PAN.: |
AAMPD9246M |
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|
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Associates : |
·
Barclay Exports Private Limited ·
Karishma Trading Company Private Limited ·
Siddharth Holding Private Limited ·
Opasa Steels Private Limited ·
Paritosha Properties Private Limited ·
Heli Properties Private Limited ·
Uttam Galva Steels Limited ·
Uttam Galva Metallics Limited ·
Archisha Investments Private Limited ·
Sadguru Metallic Private Limited ·
Growwell Mercantile Private Limited ·
Texturing Technology Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
940500 |
Equity Shares |
Rs.10/- each |
Rs.9.405
Millions |
|
250000 |
Preference Shares |
Rs.10/- each |
Rs.2.500
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.11.905 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
690500 |
Equity Shares |
Rs.10/- each |
Rs.6.905
Millions |
|
250000 |
Preference Shares |
Rs.10/- each |
Rs.2.500
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.9.405 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 |
9.405 |
6.905 |
6.905 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
259.532 |
44.821 |
6.381 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
268.937 |
51.726 |
13.286 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
509.600 |
658.070 |
135.700 |
|
|
TOTAL BORROWING |
509.600 |
658.070 |
135.700 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
778.537 |
709.796 |
148.986 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.116 |
35.449 |
3.382 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
723.103 |
492.060 |
242.322 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
86.954
|
5.376 |
2.483 |
|
|
Sundry Debtors |
646.562
|
0.000 |
223.387 |
|
|
Cash & Bank Balances |
11.943
|
5.121 |
13.331 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.013 |
|
|
Loans & Advances |
221.061
|
201.429 |
192.248 |
|
Total
Current Assets |
966.520
|
211.926 |
431.462 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.378
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
741.824
|
29.639 |
528.180 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
951.202
|
29.639 |
528.180 |
|
|
Net Current Assets |
15.318
|
182.287 |
(96.718) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
778.537 |
709.796 |
148.986 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1076.526 |
259.333 |
334.348 |
|
|
|
Other Income |
5.472 |
31.316 |
4.981 |
|
|
|
TOTAL (A) |
1081.998 |
290.649 |
339.329 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
1043.191 |
234.960 |
|
|
|
|
Administrative selling other expenses |
16.361 |
7.304 |
|
|
|
|
TOTAL (B) |
1059.552 |
242.264 |
329.035 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.446 |
48.385 |
10.294 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.195 |
16.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.446 |
48.190 |
6.645 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.772 |
0.253 |
0.136 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT BEFORE
TAX PRIOR AND EXTRAORDINARY ITEMS |
21.674 |
47.937 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ITEM BEFORE TAX |
0.000 |
0.149 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.674 |
48.086 |
(6.781) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
4.464 |
9.347 |
2.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.210 |
38.590 |
(9.103) |
|
|
|
|
|
|
|
|
|
Less |
PREVIOUS
YEARS LESS PROVISION W/BACK |
0.000 |
0.149 |
1.478 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
38.993 |
0.553 |
11.134 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
56.203 |
38.994 |
0.553 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Value of Import
of CIF basis |
448.961 |
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
448.961 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.30 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.59
|
13.28 |
2.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.01
|
18.54 |
2.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.24
|
22.69 |
1.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.93 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.54
|
0.57 |
39.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
7.15 |
0.82 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise and
others |
0.000 |
0.000 |
0.000 |
|
Others |
209.378
|
0.000 |
0.000 |
|
Total |
209.378
|
0.000 |
0.000 |
|
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 |
-- |
|
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 |
FINANCIAL RESULTS
During the year The Company has incurred Profit of Rs.17.210 Millions
Contingent Liabilities: Letter of Credit Issued by banks- Rs.695.400
Millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51900MH1984PLC031992 |
|
Name of the company |
KREDENCE MULTI
TRADING LIMITED |
|
Address of the registered office or of the
principal place of business in |
530, Nav Vyapar Bhavan,
49 P.D. Mello Road, Mumbai – 400009, Maharashtra, India Email: ram@uttamgalva.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge holder |
State Bank of
India, Sir P M Road Branch, Gresham House, Ground Floor, Sir P.M Road, Fort,
Mumbai – 400001, Maharashtra, India Email: kamalax_saraf@hotmail.com |
|
Nature of instrument creating charge |
Agreement of
Hypothecation executed dated 30th September, 2010 for all its Movable Assets
(Present and Future) to secure Credit facilities of Rs.700.000 Millions. |
|
Date of instrument Creating the charge |
30.09.2010 |
|
Amount secured by the charge |
Rs.700.000
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest N.A. Terms of Repayment As per Term of Sanction Letter. Margin 10% Extent and Operation of the charge First charge on entire Current assets (present and future) of the
Company comprising of Raw Material, Work in process, spares/ consumables and
receivables. |
|
Short particulars of the property or asset(s)
charged (including complete address and location of the property) |
First charge on
entire Current assets (present and future) of the Company comprising of Raw
Material, Work in process, spares/ consumables and receivables. |
Fixed Assets
·
Air Conditioner
·
Computer
·
Fax Machine
·
Flat at Delhi
·
Motor Car
·
Office at Mumbai
·
Office at Mumbai
·
Furniture and Fixture
·
Refrigerator
·
Television
PRESS RELEASE
Consent Order on the application submitted by M/s. Kredence Multi
Trading Limited. in the matter of M/s. Uttam Galva Steels Limited
June
13, 2011, A Panel consisting of Whole Time Members, SEBI, Dr. K. M Abraham and
Shri Prashant Saran, has passed a consent order dated June 08, 2011
on the application submitted by M/s. Kredence Multi Trading Limited. for delay
in compliance of Regulation 8(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997 for the years 1999-00 and 2000-01. The applicant
has remitted a sum of Rs.0.200 Million towards settlement charges, in the
matter.
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.55.85 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.