MIRA
INFORM REPORT
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Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJALAKSHMY PACKAGING PRIVATE LIMITED |
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Registered
Office : |
R.S. No.92/7, Plot No.14 and 15, Sri Gokulam Nagar, Thavalakuppam,
Ariyankuppam Commune Panchayat, Pondicherry – 605 007 |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.11.2008 |
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Com. Reg. No.: |
59-002235 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company Identification
No.] |
U25202PY2008PTC002235 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHER10117C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging Material for Food Products such as Milk,
Oil, Atta and Industrial Products. |
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No. of Employees
: |
46 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 23000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The management
has failed to file its financial for the year 2011-2012 with the Government
Department. As per the previous year, the profitability appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealings with great
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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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. Arun Prasad |
|
Designation : |
General Manager |
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Contact No.: |
91-9842370417 |
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Date : |
16.04.2013 |
LOCATIONS
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Registered Office : |
R.S. No.92/7, Plot No.14 and 15, Sri Gokulam Nagar, Thavalakuppam,
Ariyankuppam Commune Panchayat, Pondicherry – 605 007, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9842370417 (Mr. Arun Prasad) |
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Fax No.: |
Not Available |
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E-Mail : |
finance@rajalakshmypackaging.com
arun1981@rajalakshmypackaging.com
Admin Department Customer Care customercare@rajalakshmypackaging.com Marketing Department marketing@rajalakshmypackaging.com Material Department |
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Website : |
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Location : |
Owned |
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Admin Office/ Corporate Office/ Factory 1 : |
R.S. No.91/6, 7, Opposite Kirumampakkam Police Station, Pondy - Cuddalore Main
Road, Pillaiyarkuppam, Kirumampakkam – 607 402, Pondicherry, India |
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Tel. No.: |
91-413-2615445/ 2615487 |
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Fax No.: |
91-413-2615445 |
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Factory 2 : |
No.45C, Thamaeaikulam Street, Thavalakuppam – 605 007, Pondicherry,
India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Rajalakshmi Sureshbabu |
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Designation : |
Managing Director |
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Address : |
No.1, Tamaraikulam Street, Thavalakuppam – 605 007, Pondicherry, India |
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Date of Birth/Age : |
25.10.1973 |
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Date of Appointment : |
17.11.2008 |
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DIN No : |
02403658 |
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Name : |
Ms. Hemalatha Moorthy |
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Designation : |
Director |
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Address : |
No.246, Cuddalore Road, Thavalakuppam – 605 007, Pondicherry, India |
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Date of Birth/Age : |
12.08.1988 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02695955 |
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Name : |
Ms. Latha Ramanujam |
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Designation : |
Director |
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Address : |
No.18, Ward 2, Thatchar Street, Orathur, Villupuram – 605 601,
Tamilnadu, India |
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Date of Birth/Age : |
30.11.1982 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02704828 |
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Name : |
Ms. Nirmala Lakshminarayanan |
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Designation : |
Director |
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Address : |
Orathur, Pondicherry, Villupuram – 605 601, Tamilnadu, India |
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Date of Birth/Age : |
28.06.1975 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02704851 |
KEY EXECUTIVES
|
Name : |
Mr. Arun Prasad |
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Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
S. Rajalakshmi |
35000 |
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S. Uma Sankar |
5000 |
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S. Suresh Babu |
10000 |
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Total |
50000 |
As on 30.09.2011
|
Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Packaging Material for Food Products such as Milk,
Oil, Atta and Industrial Products. |
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Products : |
Multi Layer
Products · Milk / Curd · Lamination Films · Oil Packaging Films · Salt Pouches · Jumbo Bag - Liners · Atta Packaging Mono Layer Products
· Industrial Liners · Woven Sacks Liners · Textile Covers · Treatment Rolls · Garbage Packaging · Food Grade Liners |
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Imports |
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Products : |
Raw Material |
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Countries : |
Saudi Arabia |
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Terms |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
Corporate |
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No. of Employees : |
46 (Approximately) |
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Bankers : |
·
UCO Bank, Main Branch, Opposite to Park, Pondicherry
– 605 001, India (Tel. No.: 91-413-2332345) ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M.S. Ravichandran Chartered Accountants |
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Address : |
No.2, Anthoniar Street, Sorakalpet, Cuddalore – 607 001, Tamilnadu,
India |
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Income-tax
PAN of auditor or auditor's firm : |
ACZPR5086N |
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Sister Concern : |
Ø Yesbal and
Company Ø Balaji Store Ø Yesbal Packers Ø Yesbal Flat and
Flots |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 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 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.745 |
0.321 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.006) |
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NETWORTH |
5.745 |
5.321 |
4.994 |
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LOAN FUNDS |
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1] Secured Loans |
9.843 |
9.893 |
1.221 |
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2] Unsecured Loans |
5.421 |
2.146 |
0.860 |
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TOTAL BORROWING |
15.264 |
12.039 |
2.081 |
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DEFERRED TAX LIABILITIES |
0.036 |
0.025 |
0.000 |
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TOTAL |
21.045 |
17.385 |
7.075 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.851 |
5.567 |
5.516 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
7.024
|
9.070 |
0.902 |
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Sundry Debtors |
8.369
|
6.144 |
0.000 |
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Cash & Bank Balances |
0.093
|
0.523 |
0.324 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
7.790
|
0.598 |
0.380 |
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Total
Current Assets |
23.276
|
16.335 |
1.606 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
6.443
|
4.203 |
0.110 |
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Other Current Liabilities |
0.503
|
0.255 |
0.040 |
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Provisions |
0.204
|
0.141 |
0.000 |
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Total
Current Liabilities |
7.150
|
4.599 |
0.150 |
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Net Current Assets |
16.126
|
11.736 |
1.456 |
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MISCELLANEOUS EXPENSES |
0.068 |
0.082 |
0.103 |
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TOTAL |
21.045 |
17.385 |
7.075 |
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PROFIT & LOSS
ACCOUNT
|
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
60.337 |
30.719 |
0.000 |
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Other Income |
1.848 |
0.250 |
0.195 |
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TOTAL |
62.185 |
30.969 |
0.195 |
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Less |
EXPENSES |
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Office Expenses |
61.545 |
30.476 |
0.201 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
61.545 |
30.476 |
0.201 |
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PROFIT/ (LOSS)
BEFORE TAX |
0.640 |
0.493 |
(0.006) |
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Less |
TAX |
0.216 |
0.167 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX |
0.424 |
0.326 |
(0.006) |
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Earnings/ (Loss)
Per Share (Rs.) |
8.47 |
6.52 |
(0.12) |
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%2024-Apr-2013_files/image001.gif){kind=small}
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Particulars |
|
31.03.2013 |
31.03.2012 |
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Sales Turnover (Approximately) |
|
69.000 |
70.000 |
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(Due to less
orders received) |
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The above information has been parted by Mr. Arun Prasad (General
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.68
|
1.05 |
(3.08) |
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Net Profit Margin (PBT/Sales) |
(%) |
1.06
|
1.60 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.28
|
2.25 |
(0.08) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.09 |
0.00 |
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Debt Equity Ratio (Total Debt/Networth) |
|
2.66
|
2.26 |
0.42 |
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Current Ratio (Current Asset/Current Liability) |
|
3.26
|
3.55 |
10.71 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last five years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
Yes |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34)
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
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|
(Rs. in Millions) |
|
|
From Directors |
|
|
|
-
S. Rajalakshmi |
4.571 |
0.000 |
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From Relatives |
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|
-
D. Seetharam |
0.325 |
0.325 |
|
-
S. Prema |
0.525 |
0.525 |
|
-
Suresh Babu |
0.000 |
1.296 |
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Total |
5.421 |
2.146 |
Note:
The registered office of the company has been shifted from No.45C, Thamaraikulam Street, Nalavadu Road, Thavalakuppam, Pondicherry – 605 007 to the present address w.e.f. 11.03.2013.
WORKING RESULTS:
The company earned a Profit after Tax of
Rs.0.424 million during the year. The directors expect that the company may
earn more profit during the Coming Financial years.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U25202PY2008PTC002235 |
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Name of the company |
RAJALAKSHMY PACKAGING PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
No.45C, Thamaraikulam Street, Nalavadu
Road, Thavalakuppam, Pondicherry – 605 007, India E-Mail: rajalakshmypackaging@yahoo.in |
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This form is for |
Modification of charge |
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Charge identification number of the
modified |
10156594 |
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Type of charge |
Immovable Property Book Debts Movable Property (not being pledge) |
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Particular of charge holder |
UCO Bank, Main Branch, Opposite to Park, Pondicherry – 605 001, India E-Mail: pondic@ucobank.co.in |
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Nature of description of the instrument
creating or modifying the charge |
1. Deed of Hypothecation of Movable Plant
and Machinery to secure a Term Loan 2. Agreement for Extension of charge by
way of Hypothecation over current Assets to Secure Non-Fund based facilities. 3. Hypothecation of goods to secure a
Demand cash credit 4. Hypothecation and Book Debts to secure
Demand cash - Credit |
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Date of instrument Creating the charge |
09.02.2013 |
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Amount secured by the charge |
Rs.69.500 millions |
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Brief particulars of the principal terms an
conditions and extent and operation of the charge |
Rate of Interest: Term Loan: Presently 14.00% [monthly rests
Cash Credit: Presently 13.50% [monthly
rests Letter of Credit: Commission and Service
charges as per the guidelines of the Bank Terms of Repayment: Term Loan Repayable on 84 monthly
installment of Rs.0.665 million, commencing from 5th October 2013 Margin: Term Loan 37% Cash Credit: 25% on stocks and 40% of Book
Debts, Letter of Credit 10% at the time of issuer
ILC / FLC Extent and Operation of the charge: Exclusive 1st charge on the
Assets and the charge is operative
till the clearance of entire dues (both principal and interest) |
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Short particulars of the property charged |
Primary Security Term Loan 1.
Hypothecation charge over Plant and Machinery and other Immovable and movable
Fixed Assets of the existing and expansion project of the company (both
existing and future) at Rajalakshmy packaging Private Limited 2. Equitable Mortgage on the land and the
proposed building situated at R.S.No.92/6, Korrukkumedu, Thavalakuppam,
Pondicherry in the name of Mrs. S. Rajalakshmi. Total area 13428 sq ft and
R.S.No.92 and R.S.No.92/7 Sri Gokulam Nagar, Korukkumedu, Thavalakuppam,
Pondicherry in the name of
Mrs. S. Rjalakshmi. Total area 1200 sq ft. Collateral Security: E. M on the following
properties for Term Loan: 1. Vacant Plot. @ R.S.No.92/7,
Korrukkumedu Thavalakuppam, Pondicherry in the name of Mrs. S. Rajalakshmi.
Total area 25073 sq ft 2. Industrial Plot at R.S. No.2/1B, 2/1C1,
2/1E, Kandamangalam, Villupuram in the Name of Mrs. S. Prema. Total area
0.39.5 Hect. 3. Factory Building @ R.S.No.92/6,
Korrukkumedu, Thavalakuppam Pondicherry in the name of Mrs. J. Vijayalakshmi
W/o Mr. Jaisankar. Total Extent 32760 sq. ft. 4. Vacant Plot. @ R.S.No.92/7, Plot No.13
Korrukkumedu, Thavalakuppam Pondicherry
in the name of Mr. Jaisankar
Total Extent 1200 sq. ft. 5. Residential Building @ D.No.167/12,
Bashiam Nagar East Manjakuppam Cuddalore in the name of Mrs. Latha. Total Extent 2436 sq. ft 6. Industrial Plot at R.S. No1/1C2, 1/2B,
Azhiur Village, Villupuram in the name of
Mrs. S. Muthulakshmi. Total area 0.32.0 Hect.7. Vacant
Residential Plot at R.S.No.2/1G, 2/1H, 2/2C, 1/5A, Azhiur, Kandamangalam,Villupuram
in the name of Mrs. S. Suresh Babu. Total area 0.31.0 Hect. For CC 1st Charge on the Entire
Stocks and other Current Assets of the
Company For LC: Exclusive 1st Charge on the Entire
Stocks of RM and FG Purchased out of the fund issued by the LC of Bank. Collateral Security offered for Term Loan
also stands collateral For CC and LC facilities. |
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Whether any of
the property or interest therein under reference is not registered in the
name of the company If yes, in whose
name it is registered |
Yes S. Rajalakshmy
and others |
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Date of latest modification prior to the
present modification |
09.06.2010 |
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|
Particulars of the present
modification |
The limit of existing facilities enhanced from Rs.15.000 millions To
Rs.69.500 millions The Break up details of Total facilities
before and after the modification is as follows (Rs.
in millions)
|
FIXED ASSETS
·
Furniture and Fittings
·
Electrical and Fittings
·
Plant and Machinery
·
AC Machine
·
Computer and Accessories
·
Software
·
Office Equipments
·
Office Vehicle
WEBSITE DETAILS:
PROFILE:
Subject had its humble beginning in 2008 with the visionary BUSINESSMAN Mr. Suresh babu with a team of committed expertise in business friendly location of Puducherry, a old French colony now a union territory of republic of India. Situated about 150 kms from Chennai, Tamilmadu, a major business hub of South India. Although a new beginning they have a reputation of timely deliveries, unwavering custom service, effective partnership, unmatched quality and customer focused innovation.
They offer cost effective and value added specialty packaging solution to all their customer the secret of their success lies in the individual attention that they give to each of their customers for understanding their needs and meeting their expectation by delivering consistent value through focused innovation. They are well felicitated with state of the art infrastructure with blown film extrusion, printing, lamina ting, slitting and pouch making facilities. Their dedicated workforce has made subject one of the most proffered specialty flexible packaging partners for the Industry.
Today, they are one of the fast growing flexible packaging companies in India primarily catering to the local market and also exporting to countries like western developed markets.
They are driven by the customer service. They believe in being close to all their customers and prospects. And their customer will tell about them as they are growing, they have their work force working in all major cities of India and a export being handled by their corporate office at Puducherry.
They strive to listen to their customers’ voice intently and provide customized solutions for their flexible packaging needs.
They cherish their business partnership with their satisfied customers which include all the major milk making companies and water making companies.
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] 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.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.