1. Summary Information
|
|
|
Country |
|
|
Company Name |
KINGS
INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. Taj Alam |
|
Status |
Moderate |
Principal Name 2 |
Mr. Aishah Bilgram |
|
|
|
Registration # |
20-017344 |
|
Street Address |
Sakina Manor,
133/243-Btransport Nagar, |
||
|
Established Date |
28.12.1994 |
SIC Code |
-- |
|
Telephone# |
91-512-2615615 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2600253 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Saddlery |
|
|
# of employees |
Not Available |
Product Name 2 |
Harness goods |
|
Paid up capital |
Rs. 36,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors (100.00%) |
Banking |
Andhra Bank |
|
Public Limited Corp. |
NO |
Business Period |
18 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
-- |
Olympia Exports
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
31,048,000 |
Current Liabilities |
45,844,000 |
|
Inventories |
94,264,000 |
Long-term Liabilities |
64,277,000 |
|
Fixed Assets |
40,598,000 |
Other Liabilities |
9,504,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
119,625,000 |
|
Invest& other Assets |
6,198,000 |
Retained Earnings |
16,483,000 |
|
|
|
Net Worth |
52,483,000 |
|
Total Assets |
172,108,000 |
Total Liab. & Equity |
172,108,000 |
|
Total Assets (Previous Year) |
151,285,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
162,645,000 |
Net Profit |
843,000 |
|
Sales(Previous yr) |
125,748,000 |
Net Profit(Prev.yr) |
1,194,000 |
|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KINGS INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Sakina Manor, 133/243-Btransport Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.12.1994 |
|
|
|
|
Com. Reg. No.: |
20-017344 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.36.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199UP1994PLC017344 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer-exporter of Saddlery and Harness goods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported to be
fair. Business is active. Payments are reported to slow but correct. The company can be considered for business dealing with some caution. |
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 : |
Sakina Manor, 133/243-Btransport Nagar, |
|
Tel. No.: |
91-512-2615615 |
|
Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
243, Transport Nagar, |
|
Tel. No.: |
91-512-2600262/ 2615615/ 2606311 |
|
Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
|
|
|
Tannery/ Factory : |
D-13 and D-19, (Site
II)UPSIDC, Industrial Area, Unnao - 209 801, |
|
Tel. No.: |
91-515-2829233/ 2829258/ 2829915 |
|
Fax No.: |
91-515-2829813 |
|
E-Mail : |
|
|
|
|
|
|
18, |
|
Tel. No.: |
91-44-20-89070725 |
|
Fax No.: |
91-44-20-89078544 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Taj Alam |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
27.08.1954 |
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Date of Appointment : |
28.12.1994 |
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DIN No.: |
0244426 |
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Other
Directorship:
|
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|||||||||||||||||||||||||||
|
Name : |
Mr. Aishah Bilgram |
|||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
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|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|||||||||||||||||||||||||||
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Date of Appointment : |
28.12.1994 |
|||||||||||||||||||||||||||
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DIN No.: |
00244527 |
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|
|||||||||||||||||||||||||||
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Name : |
Mr. Saif Taj |
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|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.10.1981 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2004 |
|||||||||||||||||||||||||||
|
DIN No.: |
00244699 |
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|
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Taj Alam |
|
2884600 |
|
Aishah Bilgrami |
|
100000 |
|
Tanveer Alam |
|
100 |
|
Khalda Taj |
|
100000 |
|
Sabnam Khalid |
|
100 |
|
Azra Tariq |
|
15200 |
|
Saif Taj |
|
400000 |
|
Ufra Azeem |
|
100000 |
|
|
|
|
|
Total |
|
3600000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer-exporter of Saddlery and Harness goods |
PRODUCTION STATUS (31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tannery |
Hides/P.a |
60000 |
60000 |
17644 |
|
Saddlery |
Pcs |
NA |
NA |
246557 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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Bankers : |
·
Andhra Bank, 16/116, Civil Lines, Kanpur-208001,
Uttar Pradesh, India ·
State Bank of India, Overseas Branch, 15/54,
Virendra Smriti Complex, Civil Lines, Kanpur – 208001, Uttar Pradesh, India ·
ICICI Bank Limited ·
HDFC Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khamesra Bhatia and Mehrotra Chartered Accountant |
|
Address : |
117/22, 1st Floor, Sarvodya Nagar, |
|
Tel No.: |
91-512-2212863 |
|
Email : |
|
|
PAN.: |
AFJPS0920B |
|
|
|
|
Related Party : |
·
Hardoi Forwarding Agency ·
Olympia Exports Private Limited ·
Olympia Motors and Traders ·
Taj Export Corporation ·
Basit International |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3600000 |
Equity Shares |
Rs.10/- each |
Rs.36.000
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 |
36.000 |
36.000 |
36.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.483 |
15.640 |
14.445 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
52.483 |
51.640 |
50.445 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.534 |
51.366 |
41.491 |
|
|
2] Unsecured Loans |
0.684 |
0.684 |
2.056 |
|
|
3] Deferred Creditors |
3.059 |
3.059 |
3.059 |
|
|
TOTAL BORROWING |
64.277 |
55.109 |
46.606 |
|
|
DEFERRED TAX LIABILITIES |
1.946 |
1.970 |
2.302 |
|
|
|
|
|
|
|
|
TOTAL |
118.706 |
108.719 |
99.353 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.598 |
33.712 |
37.611 |
|
|
Capital work-in-progress |
5.173 |
5.933 |
5.850 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.982 |
0.859 |
0.858 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
94.264
|
82.847 |
66.148
|
|
|
Sundry Debtors |
14.584
|
10.524 |
9.867
|
|
|
Cash & Bank Balances |
2.081
|
7.305 |
4.530
|
|
|
Other Current Assets |
5.889
|
2.209 |
2.695
|
|
|
Loans & Advances |
8.494
|
7.782 |
6.187
|
|
Total
Current Assets |
125.312
|
110.667 |
89.427 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.935
|
34.607 |
26.001
|
|
|
Other Current Liabilities |
0.909
|
2.789 |
1.264
|
|
|
Provisions |
7.558
|
5.170 |
7.314
|
|
Total
Current Liabilities |
53.402
|
42.566 |
34.579 |
|
|
Net Current Assets |
71.910
|
68.101 |
54.848 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.043 |
0.114 |
0.186 |
|
|
|
|
|
|
|
|
TOTAL |
118.706 |
108.719 |
99.353 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
162.645 |
125.748 |
154.251 |
|
|
|
Other Income |
17.046 |
9.580 |
12.161 |
|
|
|
TOTAL (A) |
179.691 |
135.328 |
166.412 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material |
119.115 |
94.526 |
88.732 |
|
|
|
Manufacturing Expenses |
28.550 |
16.992 |
19.375 |
|
|
|
Payment to and Provisions For Employees |
13.827 |
10.857 |
10.143 |
|
|
|
Administrative Expenses |
9.871 |
9.328 |
8.839 |
|
|
|
Selling and Distribution Expenses |
14.277 |
11.667 |
13.237 |
|
|
|
Increase / (Decrease) in stock |
(17.510) |
(18.047) |
8.871 |
|
|
|
TOTAL (B) |
168.130 |
125.323 |
149.197 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.561 |
10.005 |
17.215 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.540 |
4.178 |
3.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.02 |
5.827 |
13.435 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.296 |
4.376 |
4.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.725 |
1.451 |
9.078 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.882 |
0.257 |
3.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.843 |
1.194 |
5.646 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.075 |
10.881 |
5.235 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.918 |
12.075 |
10.881 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
150.631 |
103.563 |
131.511 |
|
|
TOTAL EARNINGS |
|
|
131.511 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Spares Parts |
6.526 |
9.555 |
21.841 |
|
|
|
Capital Goods |
1.208 |
0.000 |
0.725 |
|
|
TOTAL IMPORTS |
7.734 |
9.555 |
22.566 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.23 |
NA |
1.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.47
|
0.88 |
3.39
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.06
|
1.15 |
5.88
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.38
|
1.31 |
7.15
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
0.18
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.24
|
1.89 |
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35
|
2.60 |
2.58
|
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 |
-- |
|
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 |
OPERATIONAL REVIEW
During the year
the company achieved turnover of Rs.162.645 Millions as against Rs.125.748
Millions in the previous year. The company has recorded net Profit of Rs.1.725
Millions during the year. Barring unforeseen circumstances. The directors are
confident of a satisfactory performance during the current year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U25199UP1994PLC017344 |
|
Name of the company |
KINGS
INTERNATIONAL LIMITED |
|
Address of the registered office or of the
principal place of business in |
Sakina Manor 133/243-Btransport
Nagar, Kanpur, Uttar Pradesh, Uttar Pradesh – 208023, India Email: sarvesh_srifcs@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge
to be modified |
10179917 |
|
Type of charge |
Immovable
property Movable property
(not being pledge) Book debts |
|
Particular of charge holder |
Andhra Bank,
16/116, Civil Lines, Kanpur-208001, Uttar Pradesh, India Email: bmlck0813@andhrabank.co.in |
|
Nature of instrument creating charge |
Composite
Agreement Dated 20-12-2011 |
|
Date of instrument Creating the charge |
20.12.2011 |
|
Amount secured by the charge |
Rs.69.800
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest PC/FDBP- at the applicable PLR 10.25 % minus spread of 2.50% presently
at 11.50% p.a. with monthly / quarterly rests. Terms of Repayment Repayable on demand Margin Stocks : 25% L.C. : 10% cash Extent and Operation of the charge Charge shall operate till the full repayment of credit facilities. |
|
Short particulars of the property or asset(s)
charged (including complete address and location of the property) |
Land and
building of Industrial property situated at Plot No.D-19, Industrial Area,
Site No. II , Unnoa. Boundary: North : Plot No. D- 20, South Plot No. D-18 ,
East: 40 feet Road, West:Plot No.14 and 13 |
|
Particulars of the present modification |
PC Limit
Enhancement From Rs. 40.000 Millions to Rs. 47.300 Millions. |
FIXED ASSETS:
· Land and Development
· Building
· Plant and Machinery
· Solar Equipment
· Furniture Fixtures and Office
· Equipments
· Air Conditioner
· Electric Installation
· Generator
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.57.21 |
|
|
1 |
Rs.89.42 |
|
Euro |
1 |
Rs.71.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.