1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PCH RETAIL LIMITED |
Principal Name 1 |
Mr. Balvinder Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Baljit Kaur |
|
|
|
Registration # |
52227 |
|
Street Address |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh |
||
|
Established Date |
03.01.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-23317853 |
Business Style 1 |
The Company is
Trading in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
|
Fax # |
91-40-23316310 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.266,385,000
|
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 66.42% |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
5 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
804,706,000 |
Current Liabilities |
132,590,000
|
|
Inventories |
965,869,000 |
Long-term Liabilities |
1653,542,000 |
|
Fixed Assets |
1189,710,000 |
Other Liabilities |
87,532,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,873,664,000 |
|
Invest& other Assets |
116,458,000 |
Retained Earnings |
763,874,000 |
|
|
|
Net Worth |
1,203,079,000 |
|
Total Assets |
3,076,743,000 |
Total Liab. & Equity |
3,076,743,000 |
|
Total Assets (Previous Year) |
2130,226,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
6577,134, 000 |
Net Profit |
87,920,000 |
|
Sales(Previous yr) |
4317, 217, 000 |
Net Profit(Prev.yr) |
84,491,000 |
MIRA INFORM REPORT
|
Report Date : |
02.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
PCH RETAIL LIMITED |
|
|
|
|
Registered
Office : |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation
: |
03.01.2007 |
|
|
|
|
Com. Reg. No.: |
52227 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.266.385
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PLC052227 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDP04297G |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business
: |
The Company is
Trading in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for 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.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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 : |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-23317853 |
|
Fax No.: |
91-40-23316310 |
|
E-Mail : |
|
|
|
|
|
Corporate
Office: |
8-2-269 / 4 / 3 / D, Survey No. 403/1, 5th Floor, Road No.
2, Banjara Hills, Hyderabad 500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-49094909 |
|
Fax No.: |
91-40-49094910 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Balvinder Singh |
|
Designation : |
Managing Director |
|
Address : |
Flat No.502, Banjara Petals, Road No.5, Banjara Hills, Hyderabad-500
034, |
|
Date of Birth/Age : |
31.03.1969 |
|
Date of Appointment : |
03.01.2007 |
|
|
|
|
Name : |
Mr. Baljit Kaur |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.502, Banjara Petals, Road No.5, Banjara Hills, Hyderabad-500
034, |
|
Date of Birth/Age : |
17.04.1974 |
|
Date of Appointment : |
03.01.2007 |
|
|
|
|
Name : |
Mr. B. N. Sirish |
|
Designation : |
Director |
|
Address : |
H.No.6-3-865/1/1, Imperial Manor, Flat No.107, |
|
Date of Birth/Age : |
13.09.1963 |
|
Date of Appointment : |
04.01.2007 |
|
|
|
|
Name : |
Mr. Iyer Rangarajan |
|
Designation : |
Director |
|
Address : |
C-410, Kubera Towers, Ward No.5, Cir Cleno VII, Tirumulgherry,
Secunderabd-500 015, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.10.1941 |
|
Date of Appointment : |
01.12.2008 |
|
|
|
|
Name : |
Mr. M. Satyanarayana Murthy |
|
Designation : |
Director |
|
Address : |
FL 303/11, Vysya Bank Apartments, Opposite Sri Ramanilayam, Huda
Complex |
|
Date of Birth/Age : |
01.06.1948 |
|
Date of Appointment : |
01.12.2008 |
|
|
|
|
Name : |
Mr. Bijay Kumar Mohanty |
|
Designation : |
Director |
|
Address : |
Flat No.FF01, H No.26-122/40, Sheetal Aparments, Sarada Nagar,
Safilguda, Ahdhra Pradesh-500 047, |
|
Date of Birth/Age : |
06.10.1952 |
|
Date of Appointment : |
26.08.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Alluri Sree Nagamani |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.420A, |
|
Date of Birth/Age : |
11.11.1984 |
|
Date of Appointment : |
25.06.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Balvinder Singh |
14012233 |
|
Baljit Kaur |
3682663 |
|
B |
100 |
|
Madhu Kiron |
1 |
|
G V Subba Rao |
1 |
|
S Ranga Rajan |
1 |
|
G. Suresh Prabhu |
1 |
|
Miller Chemicals Private Limited, India |
25000 |
|
Sublink Trading and Investment Private Limited , India |
105000 |
|
Romes Corporate Services private Limited, India |
200000 |
|
Florian Advertising and marketing Private Limited, |
200000 |
|
Fordaon Advertising and marketing Private Limited, |
200000 |
|
Gap Investment Consultancy Private Limited, Mumbai, Maharashtra, India
|
960500 |
|
Aakar Security Service Private Limited, Mumbai, Maharashtra, India |
2277500 |
|
Infoedge Capital Service Private Limited, Bhayandar, Maharashtra,
India |
4975500 |
|
|
|
|
Total
|
26638500 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.58 |
|
Directors
or relatives of directors |
|
66.42 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is Trading
in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
GENERAL INFORMATION
|
Bankers : |
|
|
|
|
|
Facilities: |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
3i Infotech Trusteeship Services Limited, 3rd to
6th Floor, International Infotech Park,
Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai -
400703, Maharashtra, India ·
Tata Capital Limited, One Forbes, Dr. V B
Gandhi Marg, Fort, Mumbai 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N. A. Hariharan Chartered Accountant |
|
Address : |
504, |
|
Tel. No.: |
91-40-27224793 |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45000000 |
Equity Shares |
Rs.10/- Each |
Rs.450.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
26638500 |
Equity Shares |
Rs.10/- Each |
Rs.266.385
Millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- Each |
Rs.400.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20278500 |
Equity Shares |
Rs.10/- Each |
Rs.224.705
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
224.705 |
202.785 |
146.035 |
|
|
2] Share Application Money |
214.500 |
140.000 |
0.750 |
|
|
3] Reserves & Surplus |
763.874 |
478.674 |
114.733 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1203.079 |
821.459 |
261.518 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1648.901 |
1108.843 |
542.166 |
|
|
2] Unsecured Loans |
4.641 |
14.002 |
0.000 |
|
|
TOTAL BORROWING |
1653.542 |
1122.845 |
542.166 |
|
|
DEFERRED TAX LIABILITIES |
14.007 |
14.002 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2870.628 |
1944.304 |
803.684 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1189.710 |
847.839 |
216.665 |
|
|
Capital work-in-progress |
92.423 |
95.434 |
20.949 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
965.869
|
719.003 |
447.464 |
|
|
Sundry Debtors |
522.463
|
342.508 |
200.803 |
|
|
Cash & Bank Balances |
108.465
|
36.647 |
15.930 |
|
|
Other Current Assets |
173.778
|
71.924 |
41.005 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1770.575
|
1170.082 |
705.202 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
132.590
|
124.035 |
46.194 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
73.525
|
61.887 |
94.165 |
|
Total
Current Liabilities |
206.115
|
185.922 |
140.359 |
|
|
Net Current Assets |
1564.460
|
984.160 |
564.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
24.035 |
16.871 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2870.628 |
1944.304 |
803.684 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6577.134 |
4317.217 |
2197.057 |
|
|
|
Other Income |
250.363 |
278.954 |
0.000 |
|
|
|
TOTAL (A) |
6827.497 |
4596.171 |
2197.057 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchased made for Resale |
6140.996 |
4135.852 |
2143.736 |
|
|
|
Salaries, Wages and Bonus |
42.314 |
32.951 |
22.304 |
|
|
|
Managerial Remuneration |
6.000 |
6.029 |
2.187 |
|
|
|
Payment of Auditors |
0.200 |
0.100 |
0.040 |
|
|
|
Insurance Expenses |
3.049 |
1.971 |
1.463 |
|
|
|
Power and Fuel |
1.512 |
1.089 |
4.309 |
|
|
|
Other Expenditure |
117.668 |
102.435 |
83.426 |
|
|
|
Increase and Decrease in finished Goods |
0.000 |
0.000 |
(232.926) |
|
|
` |
TOTAL (B) |
6311.739 |
4280.427 |
2024.539 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
515.758 |
315.744 |
251.011 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
223.296 |
131.645 |
47.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
292.462 |
184.099 |
203.524 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
155.031 |
52.101 |
23.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
137.431 |
131.998 |
101.762 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
49.511 |
4 7.507 |
36.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
87.920 |
84.491 |
65.737 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.34 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.29
|
1.84 |
2.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
3.06 |
4.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.64
|
6.52 |
11.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.16 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.55
|
1.59 |
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.59
|
6.29 |
5.02 |
LOCAL AGENCY FURTHER INFORMATION
Future Prospects:
The Operations of
the Company has progressively increased compared to previous year. The Board is
confident of continuing the same during the financial year and expects a good future in the coming
years. Your directors are glad
to inform that the company has made significant headway towards
the development of Business.
During the financial year 2009-10, there was a significant increase in the sales and gross revenues
of the company. The company generated sales of Rs.6570 millions as against Rs.4310 millions in the last year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74999AP2007PLC052227 |
|
Name of the
company |
PCH RETAIL LIMITED |
|
Address of the
registered office or of the principal place of business in |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, S P Road, Secunderabad 500003, Andhra Pradesh, India Email: bhanu.bhamidipati@sbi.co.in |
|
Nature of
instrument creating charge |
1. Letter from
State Bank of India, Commercial Branch, Secunderabad. |
|
Date of
instrument Creating the charge |
28.01.2012 |
|
Amount secured by
the charge |
Rs. 1360.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest No Change. Creation of Pari passu charge on the
Current assets and fixed Assets of the Borrower. Terms of repayment No Change. Creation of Pari passu charge on the
Current assets and fixed Assets of the Borrower. Margin No Change. Creation of Pari passu charge on the
Current assets and fixed Assets of the Borrower. Extent and operation of the charge The charge
operates as security, inter alia, for the due repayment by the company to the
State Bank of India, Commercial Branch, Secunderabad for its limits
sanctioned to the extent of
Rs.1360.000 millions, together with interest, additional interest, liquidated
damages, commitment charges, premia on prepayment or on redemption, costs,
charges, expenses and all other moneys payable by the Company to State Bank
of India, Commercial Branch, Secunderabad. |
|
Short particulars
of the property charged (Including location of the property) |
No change in the
charge already registered except creation of Pari passu charge on the current
assets and fixed assets of the Borrower (other than assets charged to the
Lender exclusively). Working Capital:
Hypothecation of Exclusive first charge on all the current assets of the
company namely stocks, stores and spares not relating to Plant and Machinery
(Consumable stores and spares), Bills Receivables
and book debts and all other current assets and SECOND charge on Movable
fixed assets of the Borrower on pari passu basis among the working capital
lenders. Term Loans:
Hypothecation of the whole of the movable properties of the company (Fixed
Assets) including its movable Plant and Machinery whether attached to the
earth or otherwise, machinery spares, tools and accessories and others on
pari passu basis among the term lenders, other than the assets acquired out
of the term loan of Rs.600.000 millions sanctioned by the SBI, CB,
Secunderabad and Second Pari passu
hypothecation charge on the Current Assets of the borrower. |
|
Date of
instrument modifying the charge |
30.06.2011 |
|
Particulars of
the present modification |
There is no
change in the sanctioned limits of Rs.1360.000 millions. Creation of Pari passu charge on the
Borrowers Current assets and Movable Fixed Assets among the working capital
and term lenders. There is no other
change in the terms and conditions already registered. |
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.49.15 |
|
|
1 |
Rs.78.25 |
|
Euro |
1 |
Rs.65.57 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
50 |
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.