MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAHESHWARI GLOBAL INDUSTRIES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
108, Upper Level, Rajvi Arcade, Opposite Gurukul, Drive In Road,
Memnagar, Ahmedabad - 380052, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
17.03.2008 |
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Com. Reg. No.: |
04-053269 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 15.850 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01120GJ2008PTC053269 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCM6947A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Refined Edible Oil. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 100000 |
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|
Status : |
Moderate |
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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 a moderate track record. The profitability
of the company appears to be low. The external borrowing seems to be huge. 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 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
LOCATIONS
|
Registered Office : |
108, Upper Level, Rajvi Arcade, Opposite Gurukul, Drive In Road,
Memnagar, Ahmedabad - 380052, Gujarat, India |
|
Tel. No.: |
91-2742-280601-2 |
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Fax No.: |
91-2742-280603 |
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E-Mail : |
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Postal Address: |
Maheshwari Cloth Center, Station Road, Palanpur - 385001, Gujarat,
India |
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Factory: |
Opposite Hotel Greenwood, Palapur – |
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Tell No.: |
91-2472-280808 |
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Fax no.: |
91-2472-280603 |
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E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Biharilal Vaghjibhai Maheshwari |
|
Designation : |
Director |
|
Address : |
New Maheshwari Colony, Palanpur – 385001, Gujarat, India |
|
Date of Birth/Age : |
13.08.1944 |
|
Date of Appointment : |
28.09.2010 |
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PAN No.: |
AAJHM0599R |
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DIN No.: |
00722662 |
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|
Name : |
Mr. Mahadevbhai Roopchandbhai Maheshwari |
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Designation : |
Director |
|
Address : |
New Maheshwari Colony, Brijeshwar Colony, Palanpur – 385001, Gujarat,
India |
|
Date of Birth/Age : |
07.08.1943 |
|
Date of Appointment : |
17.03.2008 |
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PAN No.: |
ADJPM1837H |
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DIN No.: |
00722673 |
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Name : |
Mr. Girishbhai Biharilal Maheshwari |
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Designation : |
Director |
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Address : |
New Maheshwari Colony, Brijesahwar Colony, Palanpur – 385001, Gujarat,
India |
|
Date of Birth/Age : |
25.03.1965 |
|
Date of Appointment : |
28.09.2010 |
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PAN No.: |
ADKPM4668D |
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DIN No.: |
00722687 |
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|
Name : |
Ms. Bhartiben Jayprakash Maheshwari |
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Designation : |
Director |
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Address : |
New Maheshwari Colony, Manasarovar Road (B.K.) Palanpur – 385001,
Gujarat, India |
|
Date of Birth/Age : |
11.01.1966 |
|
Date of Appointment : |
28.09.2010 |
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DIN No.: |
02323825 |
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Name : |
Mr. Bhavanishankar Roopchand Maheshwari |
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Designation : |
Director |
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Address : |
New |
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Date of Birth/Age : |
14.01.1940 |
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Date of Appointment : |
28.09.2010 |
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PAN No.: |
ADKPM4679E |
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DIN No.: |
02323849 |
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Name : |
Mr. Jitendrabhai Mahadevbhai Maheshwari |
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Designation : |
Director |
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Address : |
C/o Mahehwari Provision Stores, Patthar Sadak, Delhi Gate, Palanpur –
385001, Gujarat, India |
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Date of Birth/Age : |
14.09.1972 |
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Date of Appointment : |
28.09.2010 |
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DIN No.: |
02493642 |
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Name : |
Meenabahen Lalitkumar Maheshwari |
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Designation : |
Director |
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Address : |
New Maheshwari Colony, Palanpur Banaskantha, Palanpur – 385001,
Gujarat, India |
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Date of Appointment : |
22.04.2012 |
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DIN No.: |
03007842 |
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Name : |
Mr. Girishkumar Bhavanishankar Maheshwari |
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Designation : |
Director |
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Address : |
New Maheshwari Colony, M. S. Road, Palanpur – 385001, Gujarat, India |
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Date of Birth/Age : |
04.09.1971 |
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Date of Appointment : |
17.02.2008 |
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PAN No.: |
ADKPM4667N |
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DIN No.: |
00722697 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lalit B.
Maheshwari |
|
80000 |
|
Girish
Bhavanishankar Maheshwari |
|
152500 |
|
Mahadevbhai
R. Maheshwari |
|
120000 |
|
Bhagwati
B. Maheshwari |
|
5000 |
|
Biharilal
V. Maheshwari |
|
192500 |
|
Daxa G.
Maheshwari |
|
17500 |
|
Meena L. Maheshwari |
|
50000 |
|
Bharatkumar
Sharda |
|
100000 |
|
Vipul S.
Rathi |
|
30000 |
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Bharti J.
Maheshwari |
|
10000 |
|
Bhavanishankar
R. Maheshwari |
|
277500 |
|
Girish Bhiharilal Maheshwari |
|
92500 |
|
Jay
Prakash B. Maheshwari |
|
97500 |
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Savitriben
B. Maheshwari |
|
25000 |
|
NUChem
Infrastructure Limited, India |
|
250000 |
|
Dipika A.
Maheshwari |
|
3750 |
|
Sumitra J.
Chandira |
|
3750 |
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Preeti H.
Rathi |
|
2500 |
|
Girish
Bhavanishankar Maheshwari – HUF |
|
1250 |
|
Jay
Prakash B. Maheshwari – HUF |
|
1250 |
|
Biharilal
V. Maheshwari – HUF |
|
1250 |
|
Lalit B,
Maheshwari – HUF |
|
1250 |
|
Bhavanishankar
R. Maheshwari –HUF |
|
1250 |
|
Mahadev R.
Maheshwari – HUF |
|
1250 |
|
Jitendra
M. Maheshwari – HUF |
|
1250 |
|
Girish
Biharilal Maheshwari – HUF |
|
1250 |
|
Dugar
Polymers Limited, India |
|
40000 |
|
Passawala Share Trading Private Limited, |
|
25000 |
|
|
|
|
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Total |
|
1585000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
19.87 |
|
Directors or relatives of Directors |
80.13 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Refined Edible Oil. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shah and Shah Chartered Accountant |
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Address : |
11 Shantivan Society, Behind Old Nari Kendra, Surendranagar - 363002 India |
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PAN.: |
ABWFS2311M |
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Key Management
Personnel: |
Maheshwari Paper Limited CIN No.: U65910GJ1995PLC026658 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1585000 |
Equity Shares |
Rs.10/- each |
Rs. 15.850
Millions |
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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 |
|
|
|
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1] Share Capital |
15.850 |
15.600 |
15.200 |
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2] Share Application Money |
0.000 |
2.500 |
0.000 |
|
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3] Reserves & Surplus |
13.250 |
5.021 |
0.353 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
29.100 |
23.121 |
15.553 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
79.934 |
65.863 |
86.585 |
|
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2] Unsecured Loans |
32.357 |
19.010 |
15.000 |
|
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TOTAL BORROWING |
112.291 |
84.873 |
101.585 |
|
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DEFERRED TAX LIABILITIES |
1.059 |
1.239 |
0.069 |
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TOTAL |
142.450 |
109.233 |
117.207 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
54.452 |
53.992 |
51.007 |
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Capital work-in-progress |
8.092 |
0.000 |
0.000 |
|
|
|
|
|
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INVESTMENT |
0.015 |
0.015 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.481
|
36.350
|
11.758 |
|
|
Sundry Debtors |
68.035
|
30.891
|
62.389 |
|
|
Cash & Bank Balances |
2.965
|
11.588
|
0.470 |
|
|
Other Current Assets |
0.181
|
0.272
|
0.000 |
|
|
Loans & Advances |
12.175
|
6.974
|
3.528 |
|
Total
Current Assets |
100.837
|
86.075
|
78.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.642
|
30.278
|
12.089 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
1.304
|
0.571
|
0.158 |
|
Total
Current Liabilities |
20.946
|
30.849 |
12.247 |
|
|
Net Current Assets |
79.891
|
55.226
|
65.898 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.302 |
|
|
|
|
|
|
|
|
TOTAL |
142.450 |
109.233 |
117.207 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
779.787 |
222.079 |
|
|
|
Other Income |
|
11.162 |
0.770 |
|
|
|
TOTAL |
1557.837 |
790.949 |
222.849 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
|
787.697 |
227.141 |
|
|
|
Salary and wages |
|
1.448 |
0.194 |
|
|
|
Other Expenses |
|
13.246 |
3.867 |
|
|
|
Decrease/Increase in stock of finished goods and work in progress |
|
(24.592) |
(11.758) |
|
|
|
TOTAL |
1549.302 |
777.799 |
219.444 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including
finance expenses) |
13.150 |
3.405 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.337 |
2.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.535 |
4.813 |
1.358 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.734 |
2.576 |
0.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.801 |
2.237 |
0.424 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.179) |
1.170 |
0.071 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
|
5.980 |
1.067 |
0.353 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.77 |
0.68 |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.38
|
0.13 |
0.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.29 |
0.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.74
|
1.59 |
0.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.09 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.86
|
3.67 |
6.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.82
|
2.79 |
6.38 |
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 |
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 |
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 |
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 |
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 Shop No. 42, Municipal Market, Station Road, Palanpur - 385001, Gujarat, India to present address w.e.f. 13.03.2009
REVIEW OF OPERATIONS:
During the financial year, the Company's total income was Rs.1557.837 Millions as compare to Rs.790.949 Millions of previous year total income and the company has made net profit of Rs.5.980 Millions for the year ended March 31, 2012 after providing depreciation of Rs. 2.734 Millions and provision for taxation inc. differed tax, mat adjustment etc. for the financial year ended on 31st March, 2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U01120GJ2008PTC053269 |
|
Name of the
company |
MAHESHWARI
GLOBAL INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
108, Upper Level, Rajvi Arcade Opposite Gurukul, Drive In Road,
Memnagar Ahmedabad Gujarat – 380052 Email: maheshwari_global@yahoo.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
10361222 |
|
Type of charge |
|
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, MUMBAI -
400013, Email: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Deposit of Title
Deeds. |
|
Date of
instrument Creating the charge |
27.08.2012 |
|
Amount secured by
the charge |
Rs. 128.500 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. Term
of Payment: Working Capital facility shall be repayable on demand. Term Loan facility shall be repayable in suitable
installments. Margin As may be stipulated by the Bank from time to time. Extent and
operation of the charge The
Company created an equitable mortgage by way of deposit of title deeds in respect
of its immovable properties as stated under item No.15 as security for the
due repayment of Rs.128.500 Millions by the Company including principal
amount of the Facility, interest, liquidated damages, costs, charges and
expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Survey
No.97/2p1/p2 (Old Survey No.97/1 to 97/4+97/5p+97/6 to 97/9) which is
situated in Badarpura (Khodala) sim, Taluka Palanpur, District Banaskantha. Hypothecation
by way of First Charge on Stocks, Book Debts, Plant and Machinery, Vehicles
and other Fixed Assets of the Company. |
|
Particulars of the present modification |
n
addition to the existing securities of Stocks, Book Debts, Plant and
Machinery, Vehicles and other Fixed Assets, the charge of Rs.128.500 Millions
shall also now further secured against the equitable mortgage of immovable
properties situated at Survey No.97/2p1/p2 (Old Survey No.97/1 to
97/4+97/5p+97/6 to 97/9) which is situated in Badarpura (Khodala) sim,
Ta.Palanpur, Dist. Banaskantha. |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Intercorporate borrowings |
6.997 |
7.019 |
|
Loans and advances from directors |
7.622 |
4.263 |
|
Loans and advances from others |
17.738 |
7.728 |
|
Total |
32.357 |
19.010 |
|
|
|
|
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Office Equipment
- Computer Equipments
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. 54.28 |
|
|
1 |
Rs. 84.23 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.