MIRA
INFORM REPORT
|
Report Date : |
09.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELECTROLAB (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401, Tirupati Industrial Estate, I.B. Patel Road, Off, Western Express
Highway, Goregaon Mumbai-400063, Maharashtra
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.08.2002 |
|
|
|
|
Com. Reg. No.: |
11-136735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH2002PTC136735 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pharmaceutical Testing Equipments. |
|
|
|
|
No. of Employees
: |
190 [Approximately] |
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 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of partnership concern started in the year 1984
and it got converted into private limited in the year 2002. It is having satisfactory track. Trade relations are reported to be
fair. Business is active. Payments are reported to be usually correct and as
per commitments. The company can be considered 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 – 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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Trikamlal Marfatia |
|
Designation : |
Director |
|
Contact No.: |
91-9821040280 |
|
Date : |
09.10.2012 |
LOCATIONS
|
Registered Office / Factory 1 : |
401, Tirupati Industrial Estate, I.B. Patel Road, Off, Western Express
Highway, Goregaon Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-40413131 |
|
Mobile No.: |
91-9322403322 (Mrs. Usha) 91-9821040280 (Mr. Amit Marfatiya) |
|
Fax No.: |
91-22-26863727 / 40413199 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
EL – 23 and 24, Near DNA Press, Mahape, New Mumbai-400701,
Maharashtra, India. |
|
Tel. No.: |
91-22-65296783/ 41613131 |
|
Fax No.: |
91-22-41613199 |
|
Area : |
35000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
|
Pharma Alliance Group |
|
Tel. No.: |
+ 1(202) 5365489 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Amit Trikamlal Marfatia |
|
Designation : |
Director |
|
Address : |
26/A, Walkeshwar Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1949 |
|
Date of Appointment : |
06.08.2002 |
|
Din No.: |
00096827 |
|
Voter Id No.: |
MT/04/024/0066453 |
|
|
|
|
Name : |
Mr. Bharat Kanubhai Zaveri |
|
Designation : |
Director |
|
Address : |
B-1, Queen’s View, 28/30, Walkeshwar Road, Mumbai-400006, Maharashtra,
India |
|
Date of Birth/Age : |
12.03.1961 |
|
Date of Appointment : |
06.08.2002 |
|
Din No.: |
00096935 |
|
|
|
|
Name : |
Mrs. Amita Amit Marfatia |
|
Designation : |
Director |
|
Address : |
26/A, Walkeshwar Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1952 |
|
Date of Appointment : |
16.08.2002 |
|
Din No.: |
00097026 |
|
Voter Id No.: |
MT/04/024/0066454 |
|
|
|
|
Name : |
Mrs. Parul Bharat Zaveri |
|
Designation : |
Director |
|
Address : |
B-1, Queen’s View, 28/30, Walkeshwar Road, Mumbai-400006, Maharashtra,
India |
|
Date of Birth/Age : |
10-01-1968 |
|
Date of Appointment : |
16.08.2002 |
|
Voter Id No.: |
MT/04/024/0066300 |
|
Din No.: |
00097046 |
|
|
|
|
Name : |
Mr. Ankit Amit Marfatia |
|
Designation : |
Director |
|
Address : |
26/A, Walkeshwar Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1984 |
|
Date of Appointment : |
06.08.2002 |
|
Din No.: |
00096989 |
|
|
|
|
Name : |
Mr. Aditya Amit Marfatia |
|
Designation : |
Director |
|
Address : |
26/A, Walkeshwar Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1979 |
|
Date of Appointment : |
20.01.2010 |
|
Din No.: |
02907832 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amit Trikamlal Marfatia |
|
25000 |
|
Bharat Kanubhai Zaveri |
|
992500 |
|
Amita Amit Marfatia |
|
470000 |
|
Parul Bharat Zaveri |
|
7500 |
|
Ankit Amit Marfatia |
|
5000 |
|
Aditya Amit Marfatia |
|
500000 |
|
|
|
|
|
TOTAL |
|
2000000 |
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 and Exporter of Pharmaceutical Testing Equipments. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
ELECTROLAB |
|
|
|
|
Exports : |
|
|
Products : |
Pharmaceutical Testing Equipments |
|
Countries : |
·
Europe ·
Brazil ·
South Africa ·
Turkey ·
US ·
Pakistan ·
Arab Countries ·
China ·
Indonesia ·
Malaysia ·
Sri Lanka ·
Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Korea ·
China ·
Taiwan ·
US |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Uses |
|
|
|
|
No. of Employees : |
190 [Approximately] |
|
|
|
|
Bankers : |
·
CITI Bank, Dr. D N Road Branch, Andheri (East) ·
Bank of Baroda, Valkeshwar Branch ·
Kotak Mahindra Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.V. Patwa and Company Chartered Accountants |
|
Address : |
404, Seta Kutir, C.D. Barfiwala Marg, Andheri (West), Mumbai-400058,
Maharashtra, India |
|
Tel. No.: |
91-22-26287681 |
|
Mobile No.: |
91-9869636854 |
|
E-Mail : |
|
|
Pan No.: |
AABPP5793N |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 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 |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.520 |
8.400 |
6.348 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.520 |
12.400 |
10.348 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
167.250 |
62.350 |
35.550 |
|
|
TOTAL BORROWING |
167.250 |
62.350 |
35.550 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
200.770 |
74.750 |
45.898 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
97.917 |
43.855 |
42.843 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.222 |
0.298 |
0.263 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.961
|
18.032 |
0.000 |
|
|
Sundry Debtors |
92.745
|
8.839 |
0.000 |
|
|
Cash & Bank Balances |
25.277
|
4.572 |
2.084 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
19.402
|
11.902 |
4.775 |
|
Total
Current Assets |
147.385
|
43.345 |
6.859 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
31.803
|
8.799 |
1.012 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
12.954
|
3.954 |
3.063 |
|
Total
Current Liabilities |
44.757
|
12.753 |
4.075 |
|
|
Net Current Assets |
102.628
|
30.592 |
2.784 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.003 |
0.005 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
200.770 |
74.750 |
45.898 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
22.879 |
0.000 |
|
|
|
Other Income |
|
4.750 |
7.005 |
|
|
|
TOTAL (A) |
216.294 |
27.629 |
7.005 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
186.099 |
19.611 |
3.151 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
186.099 (Including
Financial Expenses and Depreciation) |
19.611 [Including
Financial Expenses] |
3.151 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
8.018 |
3.854 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
5.100 |
1.534 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
30.195 |
2.918 |
2.320 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.000 |
0.864 |
(0.066) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.195 |
2.054 |
2.386 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
6.348 |
3.963 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Income tax paid |
NA |
0.000 |
0.001 |
|
|
|
Excess provision written off |
NA |
0.002 |
0.001 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
8.400 |
6.348 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
46.016 |
11.740 |
NA |
|
|
|
Commission Received |
0.419 |
3.761 |
NA |
|
|
TOTAL EARNINGS |
46.435 |
15.501 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
52.99 |
5.14 |
5.97 |
|
%20PRIVATE%20LIMITED%20-%20196352%2009-Oct-2012_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20196352%2009-Oct-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20196352%2009-Oct-2012_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
|
|
|
|
|
Expected Sales (2012-13) : Rs.600.000 Millions.
The above information has been parted by Mr. Amit Trikamlal Marfatia.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.80
|
7.43 |
34.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
12.75 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.31
|
3.35 |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.90
|
0.23 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.32
|
6.06 |
3.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.29
|
3.40 |
1.68 |
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
TRADE REFERENCES:
·
Sun Pharma
·
Hindustan Aluminium
FIXED ASSETS:
·
Land
·
Factory Building
·
Computer Including
Software
·
Plant and Machinery
·
Furniture and Fixtures
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 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.52.21 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.67.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.