MIRA INFORM REPORT
|
Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMUDRAGARH MODERN RICE MILL PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KALNA PLASTIC COMPANY PRIVATE LIMITED |
|
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Registered
Office : |
Village Ghola, P.O. Raipur, Burdwan-713519, West Bengal |
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|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
21.06.2011 |
|
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|
Com. Reg. No.: |
21-093330 |
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Capital Investment
/ Paid-up Capital : |
Rs. 12.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209WB2001PTC093330 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer and Exporter of Rice |
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|
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|
No. of Employees
: |
154 (Approximately) |
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 49000 |
|
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. There appear some
accumulated losses recorded by the company. However, trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some
cautions. |
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. Tanmay Haque |
|
Designation : |
Director |
|
Contact No.: |
91-9732159905 |
|
Date : |
16.10.2012 |
LOCATIONS
|
Registered Office / Factory : |
Village Ghola, P.O. Raipur, Burdwan-713519, West Bengal, India |
|
Tel. No.: |
91-3454-266364 |
|
Mobile No.: |
91-9732159905 (Mr. Tanmay Haque) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
10 Acer |
|
Location : |
Owned |
|
|
|
|
City Office : |
17, Syed Amir Ali Avenue, 1st Floor, Kolkata-700017, West
Bengal, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. MD Samsul Haque |
|
Designation : |
Managing Director |
|
Address : |
Bibirhat, PO Samudragarh, Burdwan-713519, West Bengal, India |
|
Date of Birth/Age : |
11.01.1958 |
|
Date of Appointment : |
09.07.2004 |
|
Voter ID No.: |
WB/40/277/315145 |
|
DIN No.: |
00523447 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209WB2001PTC093330 |
SAMUDRAGARH
MODERN RICE MILL PRIVATE LIMITED |
Managing
director |
09/07/2004 |
09/07/2004 |
Active |
NO |
|
2 |
U15400WB2009PTC135676 |
NADANGHAT
RICE MILL PRIVATE LIMITED |
Managing
director |
05/06/2009 |
05/06/2009 |
Under
Process of Striking off |
NO |
|
3 |
U15122WB2012PTC175886 |
SAMUDRAGARH
KRISHI BHANDER PRIVATE LIMITED |
Director |
16/03/2012 |
16/03/2012 |
Active |
NO |
|
Name : |
Mr. Tanmay Haque |
|
Designation : |
Director |
|
Address : |
Bibirhat, PO Samudragarh, Burdwan-713519, West Bengal, India |
|
Date of Birth/Age : |
25.04.1984 |
|
Date of Appointment : |
02.01.2006 |
|
Voter ID No.: |
KGX2426781 |
|
DIN No.: |
00523470 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209WB2001PTC093330 |
SAMUDRAGARH
MODERN RICE MILL PRIVATE LIMITED |
Director |
02/01/2006 |
02/01/2006 |
Active |
NO |
|
2 |
U15400WB2009PTC135676 |
NADANGHAT
RICE MILL PRIVATE LIMITED |
Director |
05/06/2009 |
05/06/2009 |
Under
Process of Striking off |
NO |
|
3 |
U15122WB2012PTC175886 |
SAMUDRAGARH
KRISHI BHANDER PRIVATE LIMITED |
Director |
16/03/2012 |
16/03/2012 |
Active |
NO |
|
Name : |
Ms. Salma Haque |
|
Designation : |
Director |
|
Address : |
Muslm Mouja-Samudragarh, J L No.180, Samudragarh, Purabsthali,
Burdwan-71324, West Bengal, India |
|
Date of Birth/Age : |
12.06.1986 |
|
Date of Appointment : |
22.04.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Suktara Begam |
7500 |
|
Nayantara Begam |
2500 |
|
Samsul Haque |
137500 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rice |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
154 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shyama Das Bandyopadhyay and Associates Chartered Accountant |
|
Address : |
46, Kachari Road, P O and District Burdwan-713101, West Bengal, India |
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Mobile No.: |
91-9593563241 |
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E-Mail : |
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PAN No.: |
ACVPB4688A |
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Sister Concern : |
Address : Village Ghola, P.O. Raipur, Burdwan-713519, West Bengal,
India Line of Business: Manufacturer and Exporter of Rice
Address : Village Ghola, P.O. Raipur, Burdwan-713519, West Bengal,
India Line of Business: Manufacturer and Exporter of Rice |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs. 7.000 Millions |
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|
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 |
12.000 |
12.000 |
7.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.514 |
0.514 |
0.411 |
|
|
4] (Accumulated Losses) |
(0.198) |
0.000 |
0.000 |
|
|
NETWORTH |
12.316 |
12.514 |
7.411 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.227 |
30.108 |
28.691 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
31.227 |
30.108 |
28.691 |
|
|
DEFERRED TAX LIABILITIES |
0.229 |
0.229 |
0.229 |
|
|
|
|
|
|
|
|
TOTAL |
43.772 |
42.851 |
36.331 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.822 |
12.438 |
10.999 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.841 |
0.841 |
0.841 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.886
|
31.594 |
31.511 |
|
|
Sundry Debtors |
4.886
|
5.509 |
3.580 |
|
|
Cash & Bank Balances |
0.515
|
0.180 |
0.369 |
|
|
Other Current Assets |
0.885
|
0.715 |
0.715 |
|
|
Loans & Advances |
0.120
|
0.124 |
0.085 |
|
Total
Current Assets |
37.292
|
38.122 |
36.260 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.347
|
7.561 |
8.596 |
|
|
Other Current Liabilities |
0.625
|
0.779 |
3.012 |
|
|
Provisions |
0.226
|
0.225 |
0.177 |
|
Total
Current Liabilities |
5.198
|
8.565 |
11.785 |
|
|
Net Current Assets |
32.084
|
29.557 |
24.475 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.015 |
0.015 |
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
43.772 |
42.851 |
36.331 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
83.987 |
76.118 |
|
|
|
Other Income |
|
0.218 |
1.201 |
|
|
|
TOTAL |
NA |
84.205 |
77.319 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA
|
84.053 |
77.182 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
(0.198) |
0.152 |
0.137 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.023 |
0.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(0.198) |
0.129 |
0.093 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.514 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.315 |
0.514 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.16) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.15 |
0.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.18 |
0.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.41)
|
0.30 |
0.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02)
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.98
|
3.11 |
5.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.17
|
4.45 |
3.08 |
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
two 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 |
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 |
NOTE
Registered office has been shifted from Kalnabalir Bazar, P O Kalna,
Burdwan-713409, West Bengal, India to the present address wl.e.f. 29.12.2006.
OPERATIONS
The directors inform that the company has suffered net loss of Rs. 0.198
million during the year. The Directors hope to show better results in the
coming years.
FORM 8
|
Corporate
identity number of the company |
U25209WB2001PTC093330 |
|
Name of the company
|
SAMUDRAGARH
MODERN RICE MILL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Village Ghola, P.O. Raipur, Burdwan-713519, West Bengal, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
United Bank of India, Burdwan Branch, G T Road, Burdwan, West Bengal, India |
|
Nature of
instrument creating charge |
A. Demand Promissory
Note; B. Deed of Hypothecation of Goods; C. Deed of Hypothecation of Debts
and Movable Assets; D. Deed of Movable Plant and Machinery; E. Agreement for
Term Loan and Hypothecation |
|
Date of
instrument Creating the charge |
28.08.2009 |
|
Amount secured by
the charge |
Rs. 31.651
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 9.75% per annum
on monthly rests Terms of repayment Term Loan I: 43
consecutive monthly installment of Rs.0.152 Million and Last installment of
Rs.0.150 Million; Term Loan II: 66
monthly installments of Rs.42500 & Last installment of Rs.0.037 Million; Cash Credit:
Repayable on Demand Margin Term Loan I: 30% Term Loan II: 26% Cash Credit: 25% Bank Guarantee:
25% Extent and operation of the charge As per Loan
Agreement |
|
Short particulars
of the property charged (Including location of the property) |
Building, Shed,
Civil Structures and Godowns situated on the company's premises over Plot
Nos.1034, 1035, 1037 and 1010 of Mouza - Jakar, JL No.171, PS - Purbasthali,
District – Burdwan Plant, Machinery,
Furniture and Fixtures and all fixed assets on the company's premises over
Plot Nos.1034, 1035, 1037 and 1010 of Mouza - Jakar, JL No.171, PS - Purbasthali,
District – Burdwan Stock in any
form, Book debts, cash and all types of current assets of company in the
company's premises over Plot Nos.1034, 1035, 1037 and 1010 of Mouza - Jakar,
JL No.171, Purbasthali, Burdwan. |
FIXED ASSETS
- Land and Building
- Shed and
Factory Building
- Office
Building
- Boiler Shed
- Com Weigh
System
- Cycle
- D G Set
- Diseal Engine
20 H P
- Electric
Installation
- Paddy Drier
Plant
- Paddy
Perbolling Plant
- Paddy
Separator
- Polisher
Machine
- Rubber Roll
- Spare Parts
for Milling
- Steam Engine
- Weigh Bridge
- Electric
Transformer
- Office
Equipment
- Computer with
accessories
- Electronic
Colour Shirting
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. 52.81 |
|
|
1 |
Rs. 84.95 |
|
Euro |
1 |
Rs. 68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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.