MIRA INFORM REPORT
|
Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KEJRIWAL GEOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7004, World Trade Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.09.2009 |
|
|
|
|
Com. Reg. No.: |
04-058028 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.112 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
KEJRIWAL GEOTECH PRIVATE LIMITED |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTK02904G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK7366F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Texturised Yarn, Dyed Yarn
as well as running Dyeing and Process House. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 400000 |
|
|
|
|
Status : |
Recently commenced business activities |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the Kejriwal Group. It is a company having
moderate track. Even through, the company was incorporated during September
2009, it has recently started its business activities from February 2012. Networth appears to be good. Trade relations are reported as
improving. Business is active. Payments are reported to be unknown. The company can be considered for business dealings 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.04.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
7004, World Trade Centre, Ring Road, Surat – 395002,
Gujarat, India |
|
Tel. No.: |
91-2629-2327145 |
|
Mobile No.: |
91-8347559097 (Mr. Sanjay Agarwal) |
|
Fax No.: |
91-2629-2313212 |
|
E-Mail : |
|
|
|
|
|
Factory : |
B No. 343-344, S No. 324/2, Village Kareli, Taluka Palsana, District Sura – 394315, Gujarat, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajay Kumar Inder Lal Kejriwal |
|
Designation : |
Director |
|
Address : |
717, F-Tower, Green Avenue Apartment, Behind Union Park, Ghod Dod
Road, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
25.01.1974 |
|
Date of Appointment : |
07.09.2009 |
|
DIN No.: |
00576988 |
|
|
|
|
Name : |
Mr. Girdharilal Mohanlal Kejriwal |
|
Designation : |
Director |
|
Address : |
903, Sun Tower, Bhatar Road, Surat – 395004, Gujarat, India |
|
Date of Birth/Age : |
18.04.1966 |
|
Date of Appointment : |
07.09.2009 |
|
DIN No.: |
01075229 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Agarwal |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ajay Kumar Inder Lal Kejriwal |
|
5000 |
|
Girdharilal Mohanlal Kejriwal |
|
5000 |
|
Kejriwal Industries Limited, India |
|
1089000 |
|
Suyadeep International FZC, UAE |
|
412190 |
|
Kejriwal Dyeing and Printing Mills Private Limited, India |
|
500000 |
|
Total |
|
2011190 |
List of Allottees
As on 08.06.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
K Filaments Private Limited, India |
|
40000 |
|
Shashi Techno Pack Private Limited, India |
|
40000 |
|
Tanya Silk Mills Private Limited, India |
|
40000 |
|
Gee Filaments Private Limited, India |
|
50000 |
|
SOL Alloys Private Limited, India |
|
200000 |
|
Shekhawati Geotech Private Limited, India |
|
200000 |
|
Total |
|
570000 |
List of Allottees
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Bela Jain |
|
40000 |
|
Gopal Kumar |
|
31620 |
|
Suresh Shahu |
|
30000 |
|
N. K. Kejriwal |
|
40000 |
|
Sisir Das |
|
40000 |
|
Maya Kejriwal |
|
40000 |
|
Indralal Kejriwal |
|
40000 |
|
Anil Kejriwal |
|
40000 |
|
Suresh Kejriwal |
|
40000 |
|
K Filaments Private Limited, India |
|
200000 |
|
Shashi Techno Pack Private Limited, India |
|
200000 |
|
Tanya Silk Mills Private Limited, India |
|
200000 |
|
Gee Filaments Private Limited, India |
|
200000 |
|
Kejriwal Industries Limited, India |
|
111000 |
|
SOL Alloys Private Limited, India |
|
400000 |
|
Shekhawati Geotech Private Limited, India |
|
500000 |
|
Total |
|
2152620 |
List of Allottees
As on 03.03.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Suyadeep International FZC, UAE |
|
589233 |
|
Total |
|
589233 |
List of Allottees
As on 25.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Anil Kejriwal |
|
100000 |
|
Suresh Shahu |
|
80000 |
|
Manoj Kumar Kejriwal |
|
60000 |
|
Sajjan Kejriwal |
|
77000 |
|
Ankit Kejriwal |
|
71000 |
|
Pathak Telecom Company Private Limited, India |
|
129500 |
|
Irshad Khan |
|
100000 |
|
Menka Singh |
|
53000 |
|
Raj Kumar Poddar |
|
103000 |
|
Ajay Kejriwal |
|
66392 |
|
Girdhari Lal Kejriwal |
|
80592 |
|
Harendra Singh |
|
13629 |
|
Inder Lal Kejriwal |
|
104392 |
|
Naresh Kumar Kejriwal |
|
291000 |
|
Ashok Kumar Sarkar |
|
28650 |
|
Ashok Poddar |
|
12335 |
|
Rashmi Kejriwal |
|
2083 |
|
Juhi Kumari |
|
12249 |
|
Rajesh Balmiki |
|
8290 |
|
Mangal Kumar Singh |
|
12761 |
|
Sanjay Kumar Hetamsaria (karta of Sanjay Kumar Hetamsaria HUF) |
|
14156 |
|
Poonam Devi Deep Mala\ |
|
23278 |
|
R. K. Sinha (karta of R. K. Sinha HUF) |
|
13373 |
|
Ramesh Kumar Singh |
|
20334 |
|
Ramavtar Kejriwal |
|
70971 |
|
Sanjay Kejriwal |
|
30092 |
|
Suresh Kumar Kejriwal (karta of Suresh Kumar Kejriwal HUF) |
|
49000 |
|
Raj Kumar Sinha |
|
19850 |
|
Total |
|
1646927 |
List of Allottees
As on 11.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Kejriwal Industries Limited, India |
|
2200000 |
|
Kejriwal Dyeing and Printing Mills Private Limited, India |
|
300000 |
|
Suyadeep International FZC, UAE |
|
96650 |
|
Total |
|
2596650 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
20.49 |
|
Bodies corporate |
79.00 |
|
Directors or relatives of Directors |
0.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Texturised Yarn, Dyed Yarn
as well as running Dyeing and Process House. |
|
|
|
|
Products : |
|
|
|
|
|
Brand : |
“KEJRIWAL” |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda,
Athwa Lines Branch, Athwa Gate, Surat - 395001, Gujarat, India |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nams and Company Chartered Accountants |
|
Address : |
6003, World Trade Centre, Ring Road, Surat – 395002, Gujarat, India |
|
PAN No.: |
AAIFA0107A |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9566620 |
Equity Shares |
Rs.10/- each |
Rs.95.666
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2011190 |
Equity Shares |
Rs.10/- each |
Rs.20.112
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 |
|
20.112 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
7.132 |
|
|
3] Reserves & Surplus |
|
80.048 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
100.160 |
7.232 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
5.568 |
0.000 |
|
|
2] Unsecured Loans |
|
9.565 |
0.000 |
|
|
TOTAL BORROWING |
|
15.133 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
115.293 |
7.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
24.759 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
42.900 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
3.017 |
0.618 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
40.869 |
6.600 |
|
Total
Current Assets |
|
43.886 |
7.218 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.499
|
0.004 |
|
|
Other Current Liabilities |
|
0.000
|
0.000 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
1.499 |
0.004 |
|
|
Net Current Assets |
|
42.387 |
7.214 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
5.247 |
0.018 |
|
|
|
|
|
|
|
|
TOTAL |
|
115.293 |
7.232 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
0.505 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
0.505 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.000 |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.17 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
29.28 |
1804.50 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U17120GJ2009PTC058028 |
|
Name of the
company |
KEJRIWAL GEOTECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7004, World
Trade Centre, Ring Road, Surat -395002, Gujarat, India E-mail Id : rbksurat@gmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10255315 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Bank of Baroda,
Athwa Lines Branch, Athwa Gate, Surat – 395001, Gujarat, India E-mail Id : rbksurat@gmail.com |
|
Nature of
instrument creating charge |
Deed of
rectification |
|
Date of
instrument Creating the charge |
07.07.2012 |
|
Amount secured by
the charge |
Rs.1795.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge As per
Rectification Deed |
|
Date of
instrument modifying the charge |
22.03.2012 |
|
Particulars of
the present modification |
Two properties
viz Property No. L and M have been added to the charge by this rectification
deed which were left out in previous Mortgaged deed. |
FIXED ASSETS:
- Factory
Building
- Plant and
Machinery
- Electric
Installation
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 Declaraion :
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.52.78 |
|
|
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.79s |
INFORMATION DETAILS
|
Report Prepared by
: |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.