|
Report Date : |
09.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
HIMENVIRO ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-39, Ground
Floor, Preet Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.07.2007 |
|
|
|
|
Com. Reg. No.: |
55-166332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.331
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300DL2007PTC166332 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and designing of industrial
pollution control equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 197000 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
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.
LOCATIONS
|
Registered Office : |
G-39, Ground
Floor, Preet Vihar, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
204, Sagar Complex, New Rajdhani Enclave, Vikas Marg, |
|
|
|
|
Corporate Office
: |
202, Sagar Complex, New Rajdhani Enclave, Vikas Marg, |
|
Tel. No.: |
91-11-22549142, 22500119, 43210200-20 |
|
Fax No.: |
91-11-22549130, 43210222 |
|
|
|
|
Factory 1 : |
Near Mittal Petrol Pump, |
|
Tel. No.: |
91-1398-254179 |
|
Fax No.: |
91-1398-259908 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
D-60/61, Site - IV, Surajpur Industrial Area, Kasna Road, District
Gautam Budh Nagar, Uttar Pradesh, India |
|
Fax No.: |
91-120-4291075 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1
: |
BE-10, 2nd Floor, Sector - 1, |
|
Tel. No.: |
91-33-23595857, 23211126 |
|
Fax No.: |
91-33-23595848 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2
: |
K.K. Market, Unit No.87 and 88, D-Wing, 4th Floor,
S.No.19A/3B, Dhankawadi, Pune – 411 043 Maharashtra, |
|
Tel. No.: |
91-20-41205215-19 |
|
Fax No.: |
91-20-41205147 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3
: |
3-4-839, Flat No.103, 2nd Floor, |
|
E-Mail : |
DIRECTORS
As on 24.09.2011
|
Name : |
Mr. Manoj Jageshwar Dayal Garg |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
G-39, Preet
Vihar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1963 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.07.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
00979595 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Lalita Manoj Garg |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
G-39, Preet
Vihar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.07.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00979536 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Jageshwar Dayal Garg |
|
5310 |
|
Lalita Manoj Garg |
|
5000 |
|
Rajkumar Garg |
|
3000 |
|
Himenviro |
|
80000 |
|
Total |
|
93310 |
As on 24.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
85.00 |
|
Directors
or relatives of directors |
|
15.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and designing of industrial
pollution control equipments. |
|
|
|
|
Products : |
v Electrostatic
Precipitators v Fabric Filters v Hybrid Electro
Filters v Reverse Air Bag
House v Air to Air Heat
Exchanger v Waste Water
Treatment |
GENERAL INFORMATION
|
Customers : |
v
Shree Cement v
DSCL v
FL Smidth v
Loesche v
GE v
Philips v
Birla v
JAY-PEE v
Holtec v
Binani v
COGENT v
DESEIN v
Larsen and Toubro v
VARDHMAN v
Cheema Boiler v
a2z Powercom Private Limited v
Albert David v
v
Enexco Teknologies v
Hi-Tech v
ISGEC John Thompson v
JK Lakshmi Cement v
Malabar Cement v
NV Group v Sharda Energy v
Dalmia Cement v
Transtech Green Power v
ThyssenKrupp v
Thermodyne Technologies v
Sri Lalita Cement Industries Limited v
Remi Metal Gujarat Limited v
Rana Papers Limited v Penden Cement |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Oriental Bank of
Commerce, 7, Mahilla Colony, Gandhi Nagar, |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. Sachdev and Company Chartered Accountants |
|
Address : |
105, Chowdhary Complex, 9, |
|
Tel. No.: |
91-11-22435866 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA7598G |
|
|
|
|
Enterprises over which KMP having significant influence : |
Himachal Environmental Engineering Company Private Limited |
CAPITAL STRUCTURE
As on 24.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
93310 |
Equity Shares |
Rs.100/- each |
Rs.9.331
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 |
9.331 |
9.331 |
7.431 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
39.910 |
37.199 |
26.208 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
49.241 |
46.530 |
33.639 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.111 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
27.111 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.115 |
0.066 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
76.467 |
46.596 |
33.644 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.996 |
8.421 |
5.521 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.855 |
10.410 |
10.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
45.242
|
17.365 |
18.191 |
|
|
Cash & Bank Balances |
48.761
|
20.374 |
10.336 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
15.791
|
14.381 |
1.633 |
|
Total
Current Assets |
109.794
|
52.120 |
30.160 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.901
|
1.244 |
1.735 |
|
|
Other Current Liabilities |
50.823
|
23.326 |
9.905 |
|
|
Provisions |
(0.403)
|
(0.048) |
0.588 |
|
Total
Current Liabilities |
60.321
|
24.522 |
12.228 |
|
|
Net Current Assets |
49.473
|
27.598 |
17.932 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.143 |
0.167 |
0.191 |
|
|
|
|
|
|
|
|
TOTAL |
76.467 |
46.596 |
33.644 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
180.402 |
56.174 |
20.950 |
|
|
|
Other Income |
17.632 |
21.567 |
16.690 |
|
|
|
TOTAL (A) |
198.034 |
77.741 |
37.640 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
172.833 |
50.484 |
20.728 |
|
|
|
Packing and Forwarding Expenses |
0.000 |
0.000 |
0.069 |
|
|
|
Employees’ Cost |
8.582 |
10.856 |
5.692 |
|
|
|
Selling, Administration and Other Expenses |
10.600 |
11.401 |
8.230 |
|
|
|
TOTAL (B) |
192.015 |
72.741 |
34.719 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.019 |
5.000 |
2.921 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST & FINANCIAL
EXPENSES (D) |
2.097 |
0.121 |
0.524 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.922 |
4.879 |
2.397 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.237 |
0.200 |
0.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.685 |
4.679 |
2.361 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.974 |
1.288 |
0.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.711 |
3.391 |
1.774 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
5.199 |
1.808 |
0.034 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.910 |
5.199 |
1.808 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.05 |
36.34 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.37
|
4.36 |
4.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.04
|
8.33 |
11.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.93
|
7.73 |
6.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.10 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.78
|
0.53 |
0.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
2.13 |
2.47 |
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 |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
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 |
U72300DL2007PTC166332 |
|
Name of the
company |
HIMENVIRO ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-39, Ground
Floor, Preet Vihar, E-Mail: info_infotech@yahoo.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Book Debts Others (bills, stocks,
stores and spares.) |
|
Particular of
charge holder |
Oriental Bank of
Commerce, 7, Mahilla Colony, Gandhi Nagar, E-Mail: info_infotech@yahoo.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Common Agreement
Doc 38 Agreement of
Hypothecation of Assets Loan Doc - 1 Counter Guarantee
Agreement Loan Doc - 12 |
|
Date of
instrument Creating the charge |
29.12.2010 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 12.50% p.a. In case of
default by the company, penal interest @ 2% p.a. will be charged over and above
the normal interest rate. Terms of
Repayment: As per terms and
conditions stated by the Bank time to time. Margin: For LC 25% and For Letter of
Credit and Bank Guarantee 15% in the shape of un-encumbered duly discharged
FDRs/CDRs. (along with interest thereon). Extent and
Operation of the charge: 100% The borrower
agrees on the terms and condition laid down by the Bank. Others: Limit includes
Rs.10.000 millions as Bills Discounting under LC (Fresh), Rs.10.000 millions
as Letter of Credit (Import/Inland) (Fresh) and Rs.30.000 millions as Bank
Guarantee (Fresh) |
|
Short particulars
of the property charged |
Hypothecation of
stocks and receivables, stores and spares Hypothecation of
charge over the goods in case of L/C on DA basis. Hypothecation of
present and future fixed assets of the Company. |
FIXED ASSETS:
v
Building (Others)
v
Building
v
Other Equipments
v
Air Conditioner
v
Furniture and Fixtures
v
Computers
WEBSITE DETAILS:
PROFILE:
They are a young, dynamic
and growth oriented organization offering a wide range of engineering solutions
to environment sectors. All their solutions are innovative, energy-efficient,
environment-friendly and easy to operate.
They are headquartered in
Their presence spans 15 countries across Asia Pacific, Africa and the Middle
East,
Their business practices, customer eccentricity and focus on R&D has put
them among India's top APC manufacturers in a short span of time and they
continue to strive to maintain this position by building their organization
with key personals and superior products, many of which work together to meet a
wide variety of applications in virtually every industry.
With a large range of environmental technologies available to Subject they can
provide plant upgrades to meet the most stringent emission legislations. They
can supply products from individual components to complete turnkey and
partnering packages.
MANUFACTURING
PLANTS
The company has its
own manufacturing works located close to the vicinity of
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] 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
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
42 |
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.