1. Summary Information
|
|
|
Country |
|
|
Company Name |
TALEMA
ELECTRONIC ( |
Principal Name 1 |
Mr. John T Park |
|
Status |
Moderate |
Principal Name 2 |
Mr. Patrick M Grady |
|
|
|
Registration # |
-- |
|
Street Address |
No.221, 1st
and 2nd Floor, K J Plaza, |
||
|
Established Date |
21.08.1998 |
SIC Code |
-- |
|
Telephone# |
91-427-2441325 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-427-2430036 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Magnetic Components |
|
|
# of employees |
1000
(Approximately) |
Product Name 2 |
Transformer |
|
Paid up capital |
Rs.
29,436,000/- |
Product Name 3 |
Chokes and Inductors |
|
Shareholders |
Foreign holdings – 0.34% Directors or relatives of Directors – 99.66% |
Banking |
Axis Bank |
|
Public Limited Corp. |
No |
Business Period |
14 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation |
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
175,016,000 |
Current Liabilities |
195,673,000 |
|
Inventories |
20,777,000 |
Long-term Liabilities |
25,403,000 |
|
Fixed Assets |
30,005,000 |
Other Liabilities |
12,234,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
233,310,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
1,283,000 |
|
|
|
Net Worth |
(7,507,000) |
|
Total Assets |
225,803,000 |
Total Liab. & Equity |
225,803,000 |
|
Total Assets (Previous Year) |
172,552,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
186,757,000 |
Net Profit / (Loss) |
(4,625,000) |
|
Sales(Previous yr) |
NA |
Net Profit
/ (Loss) (Prev.yr) |
(6,811,000) |
MIRA
INFORM REPORT
|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TALEMA ELECTRONIC ( |
|
|
|
|
Registered
Office : |
No.221, 1st and 2nd Floor, K J Plaza, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.08.1998 |
|
|
|
|
Com. Reg. No.: |
18-008537 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.436 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U03210TZ1998PTC008537 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEJ03423A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8805H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Magnetic Components |
|
|
|
|
No. of Employees
: |
1000 (In office 80 + In factory 920) (Approximately) |
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 : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having poor track. There appear huge
accumulated losses recorded by the company. However, trade relations are
reported to be fair. Business is active. Payments are reported to slow. The company can be considered for business dealings on a 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) |
|
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/Factory |
No.221, 1st and 2nd Floor, K J Plaza, |
|
Tel. No.: |
91-427-2441325 |
|
Fax No.: |
91-427-2430036 |
|
E-Mail : |
DIRECTORS
AS ON 25.08.2011
|
Name : |
Mr. Patrick M Grady |
|
Designation : |
Director |
|
Address : |
Killult, Falcaragh, Co |
|
Date of Birth/Age : |
16.05.1962 |
|
Date of Appointment : |
21.08.1998 |
|
DIN No.: |
02466359 |
|
|
|
|
Name : |
Mr. John T Park |
|
Designation : |
Director |
|
Address : |
Huberd Beokers Jrt, |
|
Date of Birth/Age : |
03.11.1935 |
|
Date of Appointment : |
21.08.1998 |
|
DIN No.: |
02499812 |
|
|
|
|
Name : |
Mr. Venugopal Govindarajulu |
|
Designation : |
Director |
|
Address : |
Old No.8, New No.17-1, Avvaiyar Street, Salem-636005, Tamilnadu, India
|
|
Date of Birth/Age : |
02.01.1950 |
|
Date of Appointment : |
23.02.2011 |
|
DIN No.: |
03416782 |
|
|
|
|
Name : |
Mr. Selvarajan Natarajapillai |
|
Designation : |
Director |
|
Address : |
254-1, N. K. Nagar, Kuranguchavadi-1, Salem-636004, Tamilnadu, India |
|
Date of Birth/Age : |
05.05.1969 |
|
Date of Appointment : |
14.09.2010 |
|
DIN No.: |
03272822 |
|
|
|
|
Name : |
Mr. Ganesan Suryanarayanan |
|
Designation : |
Director |
|
Address : |
3/1-A, Thirumal Nagar, Narasodhipatty, Salem-636004, Tamilnadu,
India |
|
Date of Birth/Age : |
01.10.1972 |
|
Date of Appointment : |
15.07.2011 |
|
DIN No.: |
03576960 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.08.2011
|
Names of Shareholders |
No. of Shares |
|
Teoranta Nuvotem |
100 |
|
Park Barbara |
13348 |
|
John Park |
1320 |
|
Park Dorcas |
1320 |
|
Martin Park |
13348 |
|
TOTAL |
29436 |
AS ON 25.08.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
0.34 |
|
Directors or relatives of Directors |
99.66 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Magnetic Components |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
LICENSED AND INSTALLED CAPACITY:
The Company has been permitted by secretariat
for Industrial Assistance to set up factory at Salem for production and Export
of Toroidal Transformers, Toroidal Inductors, Toroidal chokes (generally
Toroidal Compounds) without reference to quantity under EHTP Scheme of
Government of India. The Production is both machine oriented and labour
oriented. Hence production capacity is volatile. Up to 31.12.2001 the
production was on their own account. From 01.01.2002 the production is
exclusively done for M/s Nuvotem Teo of Irland as per the permission of Nodal
and monitoring agencies and
|
Particulars |
Unit |
Production
Hours |
Own
Production |
|
Toroidal Transformers |
In RIFA Hrs |
128530 |
152007 |
|
Toroidal Inductors and Chokes |
In RIFA Hrs |
671762 |
416764 |
GENERAL INFORMATION
|
No. of Employees : |
1000 (In office 80 + In factory 920) (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Axis Bank, Sakar-I, Opposite Gandhigram Railway Station, Off Ashram
Road, Ahmedabad-380009, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. Srinivasan Chartered Accountant |
|
Address : |
No.25, LIC Colony, Omalur Main Road, Salem-636004, Tamilnadu, India |
|
Pan No.: |
AJCPS1203Q |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.1000/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29436 |
Equity Shares |
Rs.1000/-
each |
Rs. 29.436
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 |
29.436 |
29.436 |
29.436 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.283 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(38.226) |
(35.485) |
(30.359) |
|
|
NETWORTH |
(7.507) |
(6.049) |
(0.923) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
5.059 |
0.000 |
|
|
2] Unsecured Loans |
25.403 |
25.532 |
25.359 |
|
|
TOTAL BORROWING |
25.403 |
30.591 |
25.359 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.896 |
24.542 |
24.436 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.005 |
32.196 |
31.875 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.005 |
0.123 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.777
|
12.578 |
0.000 |
|
|
Sundry Debtors |
148.835
|
106.533 |
0.000 |
|
|
Cash & Bank Balances |
7.449
|
0.750 |
0.000 |
|
|
Other Current Assets |
3.329
|
3.022 |
107.818
|
|
|
Loans & Advances |
15.403
|
17.468 |
7.313
|
|
Total
Current Assets |
195.793
|
140.351 |
115.131 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.405
|
7.236 |
0.000 |
|
|
Other Current Liabilities |
190.268
|
129.653 |
113.722
|
|
|
Provisions |
12.234
|
11.121 |
13.063
|
|
Total
Current Liabilities |
207.907
|
148.010 |
126.785 |
|
|
Net Current Assets |
(12.114)
|
(7.659) |
(11.654)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
4.092 |
|
|
|
|
|
|
|
|
TOTAL |
17.896 |
24.542 |
24.436 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
186.757 |
NA |
129.648 |
|
|
|
Other Income |
0.751 |
|
1.361 |
|
|
|
TOTAL |
187.508 |
NA |
131.009 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
185.017 |
NA |
136.029 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.491 |
0.320 |
(5.020) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.344 |
0.292 |
(0.008) |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.147 |
0.028 |
(5.012) |
|
|
|
|
|
|
|
|
|
|
Deferred revenue
expenditure w/off |
0.000 |
0.000 |
0.682 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.772 |
6.839 |
7.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(4.625) |
(6.811) |
(11.359) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(4.625) |
(6.811) |
(11.359) |
|
|
|
|
|
|
|
|
|
|
Prior period
year income tax |
0.000 |
0.003 |
0.009 |
|
|
|
Deferred tax
excess provision written back |
1.884 |
1.687 |
4.455 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(35.485) |
(30.358) |
(14.535) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(38.226) |
(35.485) |
(30.358) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
69.081 |
28.637 |
22.411 |
|
|
|
Conversion cost bills raised |
73.860 |
50.294 |
77.099 |
|
|
|
Other Earnings |
147.864 |
81.390 |
94.627 |
|
|
TOTAL EARNINGS |
290.805 |
160.321 |
194.137 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
98.862 |
48.765 |
58.486 |
|
|
|
Stores & Spares |
4.028 |
3.267 |
1.945 |
|
|
|
Capital Goods |
1.729 |
2.579 |
3.454 |
|
|
|
Raw materials from foreign collaborator for local sales |
53.132 |
15.333 |
22.406 |
|
|
TOTAL IMPORTS |
157.751 |
69.944 |
86.291 |
|
|
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
(157.12) |
-- |
-- |
|
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%20PRIVATE%20LIMITED%20-%20184749%2029-Jun-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20184749%2029-Jun-2012_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(2.47)
|
NA |
(8.67) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.48)
|
NA |
(8.76) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.05)
|
(3.95) |
(7.73) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62
|
0.89 |
12.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(31.08)
|
(29.53) |
(164.84) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94
|
0.95 |
0.91 |
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. Constructions 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 |
Yes |
|
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 |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 K S
Building 58/2, B Five Roads, Opposite to SIDCO,
FORM 8
|
Corporate
identity number of the company |
U03210TZ1998PTC008537 |
|
Name of the
company |
TALEMA ELECTRONIC
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
K S Building 58/2, B Five Roads, Opposite to SIDCO, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Axis Bank Limited |
|
Nature of
instrument creating charge |
1.Demand/Short
Term Credit Facility Agreement 2.Composite
Hypothecation Deed |
|
Date of
instrument Creating the charge |
08/01/2010 |
|
Amount secured by
the charge |
Rs.5.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BPLR minus2% i.e.
presently 12.75%p.a. Terms of
Repayment Six months from
the date of availment Extent and
Operation of the charge Working capital
requirements of Rs.5.000 millions availed against hypothecation of current
assets of the company and collateral security of Hypothecation of fixed
assets -both present and prosed to be purchased. |
|
Short particulars
of the property charged |
Primary Security
is Hypothecation of current assets of the company and collateral security is
Hypothecation of fixed assets (both present and proposed to be purchased) |
FIXED ASSETS
·
Leasehold Land
·
Plant and Machinery
·
Office Equipments
·
Vehicles
·
Furniture
·
Fixtures and Fittings
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. 56.91 |
|
|
1 |
Rs. 88.90 |
|
Euro |
1 |
Rs. 71.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
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.