MIRA
INFORM REPORT
|
Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBUS HOUSING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
176, Zone-II, M P Nagar, Bhopal-462011, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.12.2010 |
|
|
|
|
Com. Reg. No.: |
10-025078 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MP2010PTC025078 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developer |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Project Under Construction |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in 30.12.2010, project of the
company is under construction. Net worth of the company appears to be eroded. Company has incurred pre-operative expenses as on 31.03.2012. Payment terms are unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB= (Long Term Fund Based Limits) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
January 2013 |
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 : |
176, Zone-II, M p Nagar, Bhopal-462011, Madhya Pradesh, India |
|
Tel. No.: |
91-755-2499901 / 2499902 / 2499903 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Above Time Coaching Classes, MP Nagar Zone-II, Bhopal-462016, Madhya
Pradesh, India |
|
Mobile No.: |
91-9669697715 (Mr. Kapil) |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bharat Lalwani |
|
Designation : |
Director |
|
Address : |
73-A, Alkapuri, Bhopal-462024, Madhya Pradesh, India |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03354001 |
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 |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U45201MP2010PTC023882
|
GLOBUS HOMES
PRIVATE LIMITED |
Director |
05/11/2011 |
27/11/2010 |
- |
Active |
NO |
|
2 |
U45201MP2010PTC025078
|
GLOBUS HOUSING
PRIVATE LIMITED |
Director |
30/12/2010 |
30/12/2010 |
- |
Active |
NO |
|
3 |
U45200MP2011PTC026222
|
GLOBUS LIFESTYLE
PRIVATE LIMITED |
Director |
21/06/2011 |
21/06/2011 |
- |
Active |
NO |
|
Name : |
Mrs. Ujjwal Singh |
|
Designation : |
Director |
|
Address : |
33-A, Joy Villa, Idgah Hills, Behind Residency Apartment, Bhopal-462001,
Madhya Pradesh, India |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03354011 |
|
|
|
|
Name : |
Mr. Omprakash Dhanwani |
|
Designation : |
Director |
|
Address : |
2, Chhota Sarafa, Indore-452001, Madhya Pradesh, India |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
00441135 |
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 |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U45200MP2006PTC018869
|
CATCH REALTY
PRIVATE LIMITED |
Director |
17/08/2006 |
17/08/2006 |
26/08/2010 |
Active |
NO |
|
2 |
U45201MP2009PTC021831
|
GLOBUS MEGA
PROJECTS PRIVATE LIMITED |
Director |
20/04/2009 |
20/04/2009 |
- |
Active |
NO |
|
3 |
U45201MP2010PTC025078
|
GLOBUS HOUSING
PRIVATE LIMITED |
Director |
15/06/2011 |
15/06/2011 |
- |
Active |
NO |
|
4 |
U45200MP2011PTC026613
|
PRIME
TOWNPLANNER PRIVATE LIMITED |
Director |
23/08/2011 |
23/08/2011 |
- |
Active |
NO |
|
5 |
U70100MP2010PTC023314
|
BASK
CONSTRUCTIONS PRIVATE LIMITED |
Director |
13/12/2011 |
13/12/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ravindra Singh Bhathija |
|
Designation : |
Director |
|
Address : |
33-A, Joy Villa, Idgah Hills, Behind Residency Apartment,
Bhopal-462001, Madhya Pradesh, India |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
02060538 |
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 |
U45400MP2007PTC028344
|
CENTURY 21 MALLS
PRIVATE LIMITED |
Director |
25/04/2007 |
25/04/2007 |
Active |
NO |
|
2 |
U45201MP2009PTC021831
|
GLOBUS MEGA
PROJECTS PRIVATE LIMITED |
Director |
20/04/2009 |
20/04/2009 |
Active |
NO |
|
3 |
U45201MP2010PTC023882
|
GLOBUS HOMES
PRIVATE LIMITED |
Director |
05/07/2010 |
05/07/2010 |
Active |
NO |
|
4 |
U92190MP2008PTC020811
|
OM SHANTI
ENTERTAINMENT PRIVATE LIMITED |
Director |
06/10/2010 |
06/10/2010 |
Active |
NO |
|
5 |
U45201MP2010PTC025078
|
GLOBUS HOUSING
PRIVATE LIMITED |
Director |
15/06/2011 |
15/06/2011 |
Active |
NO |
|
6 |
U45200MP2011PTC026222
|
GLOBUS LIFESTYLE
PRIVATE LIMITED |
Director |
21/06/2011 |
21/06/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bharat Lalwani |
50000 |
|
Ujjwal Singh |
50000 |
|
TOTAL
|
100000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developer |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Indore MCB, Indore-452001, Madhya
Pradesh, India ·
HDFC Bank ·
Indusind Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Tasky Associates Chartered Accountant |
|
Address : |
30, Zone-I, Maharana Pratap Nagar, Bhopal-462011, Madhya Pradesh, India
|
|
Mobile No.: |
91-9425006246 |
|
Fax No.: |
91-755-2553688 / 271132291- |
|
PAN No.: |
ADFPS3361Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
0.500 |
|
(b) Reserves & Surplus |
|
(1.953) |
(0.770) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(0.953) |
(0.270) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
54.954 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
160.765 |
54.243 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
215.719 |
54.243 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.669 |
0.000 |
|
(b) Trade payables |
|
20.002 |
6.645 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
2.322 |
0.336 |
|
Total Current Liabilities (4) |
|
22.993 |
6.981 |
|
|
|
|
|
|
TOTAL |
|
237.759 |
60.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.740 |
1.556 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
58.432 |
24.178 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
63.172 |
25.734 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
167.042 |
24.653 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
|
6.123 |
1.756 |
|
(e) Short-term loans and
advances |
|
1.422 |
8.811 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
174.587 |
35.220 |
|
|
|
|
|
|
TOTAL |
|
237.759 |
60.954 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
NA |
0.000 |
|
|
|
Other Income |
|
NA |
0.000 |
|
|
|
TOTAL |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
NA |
0.770 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
|
NA |
(0.770) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
(1.183) |
(0.770) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(11.83) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
NA |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
NA |
(1.26) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
NA |
(2.85) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
(58.37) |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
7.59 |
5.05 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans and
Advances From Related Parties |
|
|
|
Bharat Lalwani |
1.551 |
0.000 |
|
Globus Housing |
0.700 |
0.000 |
|
Keshav Nachani |
18.596 |
0.00 |
|
Ujjwal Singh Bathija |
19.838 |
0.000 |
|
Loans and
Advances From Others |
|
|
|
Kirti Lakhani |
0.500 |
0.000 |
|
Om Prakash Dhanwani |
6.246 |
0.000 |
|
Proximo Energy Concept |
6.080 |
0.000 |
|
Sarita Khiani |
0.700 |
0.000 |
|
|
|
|
|
TOTAL |
54.211 |
0.000 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10339347 |
10/02/2012 |
180,000,000.00 |
Bank of India |
INDORE MCB, INDORE, MADHYA
PRADESH - 452001, INDIA |
B33776865 |
FINANCIAL RESULTS
The performance of the company for the financial year ended 2011-12 is
summarized below:
1.
The Total Income of the Company for the year was
Nil
2.
The Company has incurred a loss of Rs. 1.183
Millions during the financial year.
FIXED ASSETS
·
Building Under
Construction
·
Plant and Machinery
·
Water Purifier
·
Mobile
·
Air Conditioner
·
Camera
·
Printer
·
Weighting Instruments
·
Motor Cycle
·
Car
·
Computer
·
Furniture
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. 65.66 |
|
|
1 |
Rs. 102.19 |
|
Euro |
1 |
Rs. 87.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
1 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.