1. Summary Information
|
|
|
Country |
|
|
Company Name |
MAP STEELS ( |
Principal Name 1 |
Mr. Manoj Nemani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prashant Nemani |
|
|
|
Registration # |
04-056155 |
|
Street Address |
402, Maurya Atria, Near Shraddha Petrol Pump, Near Kasturi Tower,
Bodakdev, Ahmedabad – 380015, Gujarat, India |
||
|
Established Date |
16.02.2009 |
SIC Code |
-- |
|
Telephone# |
91-79-40039130 |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
Distributor |
|
Homepage |
Not Available |
Product Name 1 |
Samsung Mobile |
|
# of employees |
Not Available |
Product Name 2 |
Accessories |
|
Paid up capital |
Rs.3,382,000/- |
Product Name 3 |
- |
|
Shareholders |
Bodies Corporate
(18.48%), Directors or relatives or director (81.52%) |
Banking |
ING Vysya Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
|
|
Associates Concern |
- |
Jai Tripati Steels
Private Limited |
- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
100,294,000 |
Current Liabilities |
98,079,000 |
|
Inventories |
67,737,000 |
Long-term Liabilities |
61,659,000 |
|
Fixed Assets |
11,722,000 |
Other Liabilities |
9,500,000 |
|
Deferred Assets |
23,000 |
Total Liabilities |
169,238,000 |
|
Invest& other Assets |
39,177,000 |
Retained Earnings |
37,732,000 |
|
|
|
Net Worth |
49,715,000 |
|
Total Assets |
218,953,000 |
Total Liab. & Equity |
218,953,000 |
|
Total
Assets (Previous Year) |
181,794,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,701,034,000 |
Net Profit |
18,083,000 |
|
Sales(Previous yr) |
1,071,093,000 |
Net Profit(Prev.yr) |
9,802,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAP STEELS ( |
|
|
|
|
Registered
Office : |
402, Maurya Atria, Near Shraddha Petrol Pump, Near Kasturi Tower,
Bodakdev, Ahmedabad – 380015, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.02.2009 |
|
|
|
|
Com. Reg. No.: |
04-056155 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.383 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ2009PTC056155 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM09438C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of Samsung Mobile and Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an 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 – 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/ Head Office : |
402, Maurya Atria, Near Shraddha Petrol Pump, Kasturi Tower, Badkadev,
Ahmedbad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-40039130 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office : |
2, 13th Block, 9th Cross Kumara Park West, Bangalore-560020,
Karnataka, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Manoj Nemani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
13/386, 3-A, Civil Lines, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.10.1980 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.02.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01842350 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prashant Praveen Nemani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
13/386, 3-A, Civil Lines, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.04.1987 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.02.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02431808 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Siddharth Dhurka |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H 81, Shastri Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.08.1983 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02745654 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rakesh Kumar Dhurka |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H 81, Shastri Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.01.1959 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02434827 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Praveen Nemani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
13/386, 3-A, Civil Lines, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.06.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01111455 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Prashant Nemani |
|
27750 |
|
Manoj Nemani |
|
20750 |
|
Praveen Nemani |
|
15375 |
|
Rakesh Kumar Dhurka |
|
118750 |
|
Siddharth Dhurka |
|
25375 |
|
Kusum Dhurka |
|
25000 |
|
Laxmi Narayan |
|
20210 |
|
Shakuntla Agarwal |
|
3750 |
|
Yakti Agarwal |
|
3790 |
|
Motilal Nemani |
|
15000 |
|
Panem Castings Private Limited, India |
|
62500 |
|
Total |
|
338250 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
18.48 |
|
Directors or relatives of Directors |
81.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of Samsung Mobile and Accessories. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Kantilal and Company Chartered Accountants |
|
Address : |
806, Mauryansh
Elanza, Near Parekh's Hospital, Shyamal Cross Road, Satellite,
Ahmedabad-380015, Gujarat, India |
|
PAN.: |
AAMFS3865K |
|
|
|
|
Associates Concern : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
338250 |
Equity Shares |
Rs.10/- each |
Rs.3.383
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.383 |
3.383 |
|
|
2] Share Application Money |
|
8.600 |
10.000 |
|
|
3] Reserves & Surplus |
|
37.732 |
19.649 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
49.715 |
33.032 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
51.414 |
16.218 |
|
|
2] Unsecured Loans |
|
10.245 |
16.117 |
|
|
TOTAL BORROWING |
|
61.659 |
32.335 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
|
111.374 |
65.395 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
11.722 |
10.812 |
|
|
Capital work-in-progress |
|
39.039 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.023 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
67.737 |
60.790 |
|
|
Sundry Debtors |
|
71.038 |
87.281 |
|
|
Cash & Bank Balances |
|
11.756 |
15.186 |
|
|
Other Current Assets |
|
0.957 |
2.123 |
|
|
Loans & Advances |
|
16.543 |
5.418 |
|
Total
Current Assets |
|
168.031 |
170.798 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
91.971 |
110.128 |
|
|
Other Current Liabilities |
|
6.108 |
1.071 |
|
|
Provisions |
|
9.500 |
5.200 |
|
Total
Current Liabilities |
|
107.579 |
116.399 |
|
|
Net Current Assets |
|
60.452 |
54.399 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.138 |
0.184 |
|
|
|
|
|
|
|
|
TOTAL |
|
111.374 |
65.395 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1701.034 |
1071.093 |
|
|
|
Other Income |
|
NA |
1.946 |
|
|
|
TOTAL (A) |
|
NA |
1073.039 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
1611.316 |
1035.857 |
|
|
|
Employee Cost |
|
|
13.822 |
|
|
|
Selling and Distribution Expenses |
|
NA |
5.802 |
|
|
|
Preliminary Expenses |
|
|
0.046 |
|
|
|
TOTAL (B) |
|
|
1055.527 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
NA |
17.512 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.337 |
2.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
NA |
15.458 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.838 |
0.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
NA |
15.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
NA |
5.227 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
|
18.083 |
9.802 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
NA |
9.802 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
|
53.46 |
28.98 |
|
|
|
Diluted |
|
15.09 |
7.32 |
|
%20PRIVATE%20LIMITED%20-%20173778%2030-Mar-2012_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
NA |
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
NA |
8.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
NA |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.40 |
4.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.56 |
1.47 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION
The company has
achieved a sales - turnover of Rs.1701.034 Millions. During the year, the Company
has made net profit after tax of Rs.18.083 Millions after providing a
Depreciation of Rs.0.838 Million
FORM 8
|
Corporate
identity number of the company |
U27109GJ2009PTC056155 |
|
Name of the
company |
MAP STEELS ( |
|
Address of the
registered office or of the principal place of business in |
402, Maurya Atria, Near Shraddha Petrol Pump, Kasturi Tower, Badkadev,
Ahmedbad – 380015, Gujarat, India Email : kmshah_ca@hotmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10298283 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
ING Vysya Bank Limited,
P.B.No.4038, |
|
Nature of
instrument creating charge |
Memorandum
relating to deposit of title deeds |
|
Date of
instrument Creating the charge |
20.08.2011 |
|
Amount secured by
the charge |
Rs.205.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
CC (Sumsung and Steel
Manufacturing Div.): No Change BG: No Change TL-1 and 2: No
Change Terms of
Repayment : CC (Sumsung and
Steel Manufacturing Div.): No Change BG: No Change TL-1 and 2: No
Change Margin : CC (Sumsung and
Steel Manufacturing Div.): No Change BG: No Change TL-1 and 2: No
Change Extent and
operation of the charge: CC (Sumsung Div.)
limit - Rs.50.000 millions CC (Steel Manufacturing Div.) - Rs.50.000 millions BG limit -
Rs.35.000 millions ) TL-1 limit -
Rs.50.000 millions TL-2 limit -
Rs.20.000 millions Total Exposure -
Rs.205.000 millions Exclusive charge
on property bearing Survey no. 173 (Part), 178 (Part), 179 (Part) and 273
(Part) of |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge
on property bearing Survey no. 173 (Part), 178 (Part), 179 (Part) and 273
(Part) of |
|
Particulars of
the present modification |
The total sanction
limit of Rs. 205.000 millions is additionally secured by way of mortgage on
property bearing Sy no. 173 (Part), 178 (Part), 179 (Part) and 273 (Part)
of Gollapuram Village, Hindupur
Mandal, Anantapur District. AP. Plot No.28, measuring an extent of Ac. 12.50
of land situated at Industrial Park, Gollapuram |
FIXED ASSETS
- Land and
Building
- Office
Equipment
- Furniture and
Fixture
- Computer
- Vehicle
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.51.15 |
|
|
1 |
Rs.81.41 |
|
Euro |
1 |
Rs.68.22 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
45 |
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.