BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajiv Sundarlal Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjiv Sundarlal Jain |
|
|
|
Registration # |
02-007375 |
|
Street Address |
Tripti
Commercial Complex, 1st Floor, Ganeshguri Charali, G.S. Road,
Guwahati – 781 006, Assam |
||
|
Established Date |
26.03.2004 |
SIC Code |
-- |
|
Telephone# |
91-361-2464556 |
Business Style 1 |
Dealing |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Mobile Phones |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.9,729,500/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors - 97.00% Other top fifty shareholders - 3.00 % |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
9 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
--
|
Eastern Vyapar Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
75,731,000
|
Current Liabilities |
82,928,000
|
|
Inventories |
60,207,000
|
Long-term Liabilities |
0,000 |
|
Fixed Assets |
2,779,000 |
Other Liabilities |
1,544,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
84,472,000
|
|
Invest& other Assets |
3,134,000 |
Retained Earnings |
47,649,000 |
|
|
|
Net Worth |
57,379,000 |
|
Total Assets |
141,851,000 |
Total Liab. & Equity |
141,851,000 |
|
Total Assets (Previous Year) |
52,184,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
Not Available |
Net Profit |
3,138,000 |
|
Total Income (Previous
yr) |
913,898,000 |
Net Profit(Prev.yr) |
1,430,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tripti Commercial Complex, 1st Floor, Ganeshguri Charali, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.03.2004 |
|
|
|
|
Com. Reg. No.: |
02-007375 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.730
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109AS2004PTC007375 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SHLM00651A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealing in Mobile
Phones etc. |
|
|
|
|
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 230000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The networth of the company seems to be good. There appears no external
borrowings. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. Note: Profit and Loss
Account for the current year is not available. |
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.
LOCATIONS
|
Registered Office : |
Tripti Commercial Complex, 1st Floor, Ganeshguri Charali, |
|
Tel. No.: |
91-361-2464556 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Rajiv Sundarlal Jain |
|
Designation : |
Director |
|
Address : |
Chanakya Path, |
|
Date of Birth/Age : |
30.08.1968 |
|
Date of Appointment : |
26.03.2004 |
|
PAN No.: |
ABWPJ9847P |
|
DIN No.: |
01579065 |
|
|
|
|
Name : |
Mr. Sanjiv Sundarlal Jain |
|
Designation : |
Director |
|
Address : |
Chanakya Path, |
|
Date of Birth/Age : |
27.06.1971 |
|
Date of Appointment : |
26.03.2004 |
|
DIN No.: |
01664178 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Jain |
|
159000 |
|
Sanjiv Jain |
|
44700 |
|
Nirmal Kumar Jain |
|
73000 |
|
Sundarlal Jain and Sons, |
|
90000 |
|
Sanjiv Jain and Sons, India |
|
20000 |
|
Swati Jain |
|
45000 |
|
Swastika Jain |
|
50000 |
|
Kamla Devi Jain |
|
55000 |
|
Sundarlal Jain |
|
60000 |
|
Sandhya Jain |
|
60000 |
|
Arihant Trade and Agencies Private Limited, |
|
168000 |
|
Ankita Jain |
|
95000 |
|
Rajiv Jain (HUF) |
|
25000 |
|
Vinod Kumar Jain |
|
9750 |
|
Ashok Kumar Jain |
|
9750 |
|
Alaka Jain |
|
8750 |
|
Total |
|
972950 |
List of Allottees
As on 23.01.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Esquire Enclave Pvt Ltd, India |
|
25000 |
|
Everlike Projects Pvt Ltd, India |
|
25000 |
|
Total |
|
50000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
97.00 |
|
Other top fifty shareholders |
|
3.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealing in Mobile
Phones etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
v
Union Bank of v
State Bank of India v
HDFC Bank Limited, HDFC Bank House
Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sampat Jain and Associates Chartered Accountants |
|
Address : |
1st Floor, Saraswati Apartment, Chilarai Nagar Path
Bhangagarh, Guwahati – 781 005, |
|
PAN No.: |
AAHFS3251J |
|
|
|
|
Associates : |
v
Eastern Vyapar Limited v
NRS Mercantile Services (Private) Limited CIN
No.: U51909AS1996PTC004727 v
Astra Merchant Private Limited |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1022950 |
Equity Shares |
Rs.10/- each |
Rs.10.230
Millions |
|
|
|
|
|
As on 31.03.2012
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 |
|
972950 |
Equity Shares |
Rs.10/- each |
Rs.9.730
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.730 |
9.447 |
9.447 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.649 |
41.968 |
40.798 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
57.379 |
51.415 |
50.245 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.379 |
51.415 |
50.245 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.779 |
2.637 |
2.212 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.134 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
60.207
|
23.769
|
18.538
|
|
|
Sundry Debtors |
53.763
|
10.844
|
8.659
|
|
|
Cash & Bank Balances |
19.566
|
13.516
|
20.808
|
|
|
Other Current Assets |
0.180
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.222
|
1.418
|
5.894
|
|
Total
Current Assets |
135.938
|
49.547
|
53.899
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
80.987
|
0.000
|
1.860
|
|
|
Other Current Liabilities |
1.941
|
0.152
|
0.097
|
|
|
Provisions |
1.544
|
0.617
|
3.909
|
|
Total
Current Liabilities |
84.472
|
0.769
|
5.866
|
|
|
Net Current Assets |
51.466
|
48.778
|
48.033
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.379 |
51.415 |
50.245 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
913.898 |
1411.890 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
911.851 |
1405.341 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
2.047 |
6.549 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.617 |
2.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.138 |
1.430 |
4.441 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.23 |
1.51 |
0.005 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.16
|
0.31
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.92
|
11.67
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.04
|
0.13
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
64.43
|
9.19
|
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/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 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 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from “J.B. Market, 2nd Floor, Jain Road, Dancy Bazar, District Kamrup, Guwahati – 781 001, Assam, India” to the present address.
FORM 8:
|
Corporate identity number of the company |
U51109AS2004PTC007375 |
|
Name of the company |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Tripti Commercial Complex, 1st Floor, Ganeshguri Charali, G.S. Road, Guwahati – 781 006, Assam, India E-Mail id : mail@sampatjain.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10358683 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India E-mail id : RBBform8@hdfcbank.com |
|
Nature of instrument creating charge |
Supplementary Letter of Hypothecation. |
|
Date of instrument Creating the charge |
25.10.2012 |
|
Amount secured by the charge |
Rs.80.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the rate as may be communicated by the Bank from time to time. Terms of repayment On Demand Margin As may be stipulated by the Bank from time to time. Extent and operation of the charge Hypothecation by way of First Charge on Company's Stocks and Book Debts to secure as a continuing security for the repayment of Rs.80.000 Millions together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights which are now |
|
Particulars of the present modification |
The Charge shall now stand increased from Rs.60.000 Millions to Rs.80.000 Millions against the security of Stocks and Book Debts of the Company. |
FIXED ASSETS:
v
Computer
v
Utilities Equipments
v
Vehicles
v
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 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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.