1. Summary Information
|
|
|
Country |
|
|
Company Name |
GULBASH HOSIERY MILLS PRIVATE LIMITED |
Principal Name 1 |
MR. GULBASH RAI |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. GULSHAN RAI |
|
|
|
Registration # |
55-126797 |
|
Street Address |
C-91/4, IIND
FLOOR, WAZIRPUR INDUSTRIAL AREA, |
||
|
Established Date |
04.06.2004 |
SIC Code |
-- |
|
Telephone# |
91-11-27416123 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
Not Available |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
KNITTED FABRICS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.6,262,480/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
UNION BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(43) |
|
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 |
34,938,000
|
Current Liabilities |
9,748,000 |
|
Inventories |
31,846,000
|
Long-term Liabilities |
35,764,000 |
|
Fixed Assets |
32,662,000 |
Other Liabilities |
972,000 |
|
Deferred Assets |
54,000 |
Total Liabilities |
46,484,000 |
|
Invest& other Assets |
401,000 |
Retained Earnings |
47,155,000 |
|
|
|
Net Worth |
53,417,000 |
|
Total Assets |
99,901,000 |
Total Liab. & Equity |
99,901,000 |
|
Total Assets (Previous Year) |
90,791,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
74,836,000 |
Net Profit |
626,000 |
|
Sales(Previous yr) |
76,049,000 |
Net Profit(Prev.yr) |
665,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
GULBASH HOSIERY MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-91/4, IInd Floor, Wazirpur Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.06.2004 |
|
|
|
|
Com. Reg. No.: |
55-126797 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.262
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111DL2004PTC126797 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG08005E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG2666B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Processor of Knitted Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
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 214000 |
|
|
|
|
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 Office : |
C-91/4, IInd Floor, Wazirpur Industrial Area, |
|
Tel. No.: |
91-11-27416123 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C2/19, Lord Krishna Enclave, Sushant Lok-1, Gurgaon, |
|
Tel. No.: |
91-124-4101616 |
|
|
|
|
Factory : |
Kherki Daula, Sihi-Sikandarpur Road, Opposite Haldiram`s Jaipur Highway, Gurgaon – 122 001, Haryana, India |
|
Tel. No.: |
91-124-3292981-82, 2214265 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Gulbash Rai |
|
Designation : |
Director |
|
Address : |
BT-13, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01152897 |
|
|
|
|
Name : |
Mr. Gulshan Rai |
|
Designation : |
Director |
|
Address : |
BT-07, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01181580 |
|
|
|
|
Name : |
Mr. Rakesh Kumar Khanijo |
|
Designation : |
Director |
|
Address : |
BT-07, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01029513 |
|
|
|
|
Name : |
Mr. Rajesh Khanijo |
|
Designation : |
Director |
|
Address : |
BT-13, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01029691 |
|
|
|
|
Name : |
Mr. Ajay Khanijo |
|
Designation : |
Director |
|
Address : |
BT-13, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01029717 |
|
|
|
|
Name : |
Mr. Gaurav Khanijo Rai |
|
Designation : |
Director |
|
Address : |
BT-07, Shalimar Bagh, |
|
Date of Appointment : |
04.06.2004 |
|
DIN No.: |
01029752 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Gulbash Rai |
|
185625 |
|
Gulshan Rai |
|
185625 |
|
Rakesh Kumar |
|
45303 |
|
Rajesh Khanijo |
|
50457 |
|
Ajay Khanijo |
|
48530 |
|
Gaurav Khanijo Rai |
|
7208 |
|
Ajay Khanijo (HUF) |
|
7731 |
|
Akash Khanijo |
|
312 |
|
Apeksha Khanijo |
|
1362 |
|
Ayush Khanijo |
|
443 |
|
Divya Khanijo |
|
8493 |
|
Gunjan Khanijo |
|
3700 |
|
Hemla and Company (HUF), |
|
8921 |
|
Jay Enterprises (HUF), |
|
9218 |
|
Jyoti Khanijo |
|
9695 |
|
Kartic Khanijo |
|
7725 |
|
Kavita Khanijo |
|
4298 |
|
Neelam Khanijo |
|
4876 |
|
Raghav Khanijo |
|
1493 |
|
Rajesh Khanijo (HUF) |
|
6925 |
|
Rajni Khanijo |
|
4187 |
|
Rakesh Khanijo (HUF) |
|
11010 |
|
Ritu Khanijo |
|
9243 |
|
Satya Rani |
|
3137 |
|
Vinayak Khanijo |
|
731 |
|
Total |
|
626248 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Processor of Knitted Fabrics. |
|
|
|
|
Products : |
Fabrics 100 % cotton and Poly cottons in Single Jersey, Double jesey, Rib 1x1, 2x2, without and with spandex Viscose fabrics without and with spandex, Modals, cotton modals, organic, vibrant shades in Melange yarns and over dyed. Stripers, Jacquards, Fleece 3 threads, polar fleece, all available in grey, white and dyed Made-ups/Apparels Polo T-Shirts, Round Neck T-Shirts, Tops, Corporate Wears, Flags, Military Wears, Promotional T-Shirts |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Union Bank of |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudhir Arora and Associates Chartered Accountants |
|
Address : |
F-42-43, Desh Bandhu Gupta Market, Karol Bagh, |
|
Tel. No.: |
91-11-23536228, 23521389 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPA0406K |
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 |
|
486248 |
Equity Shares (issued for cash) |
Rs.10/- each |
Rs.4.862
millions |
|
140000 |
Equity Shares (issued for consideration other than cash) |
Rs.10/- each |
Rs.1.400
millions |
|
|
Total |
|
Rs.6.262 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 |
6.262 |
6.262 |
6.262 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.155 |
46.529 |
45.864 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.417 |
52.791 |
52.126 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
22.832 |
25.465 |
30.037 |
|
|
2] Unsecured Loans |
12.932 |
0.000 |
1.637 |
|
|
TOTAL BORROWING |
35.764 |
25.465 |
31.674 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.047 |
0.136 |
|
|
|
|
|
|
|
|
TOTAL |
89.181 |
78.303 |
83.936 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.662 |
30.962 |
32.260 |
|
|
Capital work-in-progress |
0.401 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.054 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
31.846
|
28.239 |
31.656 |
|
|
Sundry Debtors |
27.645
|
28.329 |
36.522 |
|
|
Cash & Bank Balances |
1.722
|
0.086 |
0.191 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
5.571
|
3.175 |
3.383 |
|
Total
Current Assets |
66.784
|
59.829 |
71.752 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
10.712 |
17.284 |
|
|
Other Current Liabilities |
|
0.113 |
0.010 |
|
|
Provisions |
0.972
|
1.663 |
2.782 |
|
Total
Current Liabilities |
10.720
|
12.488 |
20.076 |
|
|
Net Current Assets |
56.064
|
47.341 |
51.676 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
89.181 |
78.303 |
83.936 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
74.836 |
76.049 |
82.640 |
|
|
|
Other Income |
0.522 |
0.003 |
0.999 |
|
|
|
TOTAL |
75.358 |
76.052 |
83.639 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
55.788 |
57.181 |
64.507 |
|
|
|
Administration & Other Expenses |
14.678 |
14.317 |
13.381 |
|
|
|
TOTAL |
70.466 |
71.498 |
77.888 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.892 |
4.554 |
5.751 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.030 |
3.592 |
3.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.862 |
0.962 |
2.011 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.236 |
0.297 |
0.684 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.626 |
0.665 |
1.327 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
1.00 |
1.06 |
2.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.83
|
0.87 |
1.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.15
|
1.26 |
2.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.87
|
1.06 |
1.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87
|
0.72 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.23
|
4.79 |
3.57 |
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 |
No |
|
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 involved in |
-- |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17111DL2004PTC126797 |
|
Name of the
company |
GULBASH HOSIERY MILLS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-91/4, IInd Floor, Wazirpur Industrial Area, E-Mail: fabmine@hotmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90040068 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge Others (stocks,
other current and gross block assets) |
|
Particular of
charge holder |
Union Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Deed |
|
Date of
instrument Creating the charge |
18.03.2010 |
|
Amount secured by
the charge |
Rs.30.939
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest as per
sanction terms and bank norms Terms of
Repayment: Repayment as per
bank norms Margin: Margin as per
bank norms Extent and
Operation of the charge: First charge on
stocks, book debts, plant and machinery and other current and block assets of
the company and EM of house property at No.BT-13 Shalimar Bagh, New Delhi in
the name of Mr. Gulbash Rai and Mr. Gulshan Rai directors of the company is
to secure the Cash Credit (H) Limit of Rs.27.500 millions, Term Loan-I
Rs.0.396 million, Term Loan-II Rs.0.506 million Term Loan III Rs.0.297
million and Term Loan IV Rs.2.240 millions aggregating to Rs.30.939 millions
sanctioned to the company |
|
Short particulars
of the property charged |
First charge on
stocks, book debts, plant and machinery and other current and block assets of
the company and EM of house property at No.BT-13 Shalimar Bagh, |
|
Particulars of
the present modification |
Amount secured is
increased to Rs.30.939 millions to secure Cash Credit (H) Limit of Rs.27.500
millions, Term Loan-I Rs.0.396 million, Term Loan-II Rs.0.506 million, Term
Loan III Rs.0.297 million and Term Loan IV Rs.2.240 millions security: first
charge on stocks, book debts, plant and machinery and other current and block
assets of the company and EM of house property at No.BT-13 Shalimar Bagh, New
Delhi in the name of Mr. Gulbash Rai and Mr. Gulshan Rai directors of the
Company. |
FIXED ASSETS:
v
Land at Gurgaon
v
Building - Factory Block
v
Building - Residential Block
v
Air Conditioner
v
Attendance Machine
v
Cars
v
Cellular/Telephone
v
Computer
v
Fax Machine
v
Furniture and Fixture
v
Generator
v
Machinery
v
Office Equipment
v
Power Equipment
v
Refrigerator
v
Television/Radio
v
Trollies
v
Vehicle
v
Water Coolers
v
Weighing Scale
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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
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.