|
Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOLDLINE I-TECH SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No 14, Udyog Mandirbhagoji Keer Marg, Mahim (West), Mumbai -
400016, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138427 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.580
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2002PTC138427 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG9587B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 31500 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial record with the government
department for the year 2013. As per available financial of 2012, profitability of the company seems
to be low. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealings with some caution.
Profit and loss of the company 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone
5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Rupesh Kadam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-42131000 |
|
Date : |
11.12.2013 |
LOCATIONS
|
Registered Office : |
Unit No 14, Udyog Mandirbhagoji Keer Marg, Mahim West, Mumbai -
400016, Maharashtra, India |
|
Tel. No.: |
91-22-66662202 / 42131000 / 42131021 / 23510382 / 23513967 / 66627575 |
|
Fax No.: |
91-22-23520382 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Arun Chambers, Basement No. 17, Tardeo Road, Mumbai - 400034,
Maharashtra, India |
|
Tel. No.: |
91-22-23510382/ 23513967 |
|
Fax No.: |
91-22-23520382 |
|
Area : |
1500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
No.15, Bambasi lane, Near Residence Hotel, Fort, Mumbai – 400001,
Maharashtra, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mrs. Monika Badami |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
03.12.1967 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.12.2002 |
|
DIN No.: |
02308843 |
|
|
|
|
Name : |
Mr. Munnawar Mohamedali Badami |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
02.01.1967 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.12.2002 |
|
DIN No.: |
02872639 |
KEY EXECUTIVES
|
Name : |
Mr. Rupesh Kadam |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Munnawar Mohamedali Badami |
|
55500 |
|
Monika Munnawar Badami |
|
2500 |
|
Total |
|
58000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Ø
Ingram Micro |
|
|
|
|
Customers : |
Corporate Ø Cadbury Limited |
|
|
|
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
Ø Bank of India,
Tardeo Road, Mumbai, Maharashtra, India Ø Axis Bank
Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Singhvi and Associates Chartered Accountants |
|
Address : |
5 and 6, Sunder , Above Indian Bank, N.G. Acharya Marg , Chembur,
Mumbai – 400071, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVPS1990C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.580
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.580 |
0.580 |
|
(b) Reserves & Surplus |
|
7.301 |
6.193 |
|
(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) |
|
7.881 |
6.773 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.590 |
9.560 |
|
(b) Deferred tax liabilities (Net) |
|
0.080 |
0.150 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
8.670 |
9.710 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.697 |
0.000 |
|
(b) Trade payables |
|
17.703 |
28.152 |
|
(c) Other current liabilities |
|
3.356 |
4.813 |
|
(d) Short-term provisions |
|
5.650 |
0.290 |
|
Total Current Liabilities
(4) |
|
30.406 |
33.255 |
|
|
|
|
|
|
TOTAL |
|
46.957 |
49.738 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
|
|
(ii) Intangible Assets |
|
0.427 |
0.262 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
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 |
|
13.185 |
0.114 |
|
(e) Other Non-current assets |
|
0.832 |
0.549 |
|
Total Non-Current
Assets |
|
14.444 |
0.925 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4.710 |
2.464 |
|
(c) Trade receivables |
|
25.649 |
45.050 |
|
(d) Cash and cash equivalents |
|
2.154 |
1.201 |
|
(e) Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.000 |
0.098 |
|
Total Current
Assets |
|
32.513 |
48.813 |
|
|
|
|
|
|
TOTAL |
|
46.957 |
49.738 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.580 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
5.003 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.583 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
5.635 |
|
|
TOTAL BORROWING |
|
|
5.635 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.126 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.344 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.405 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.524 |
|
|
Sundry Debtors |
|
|
20.426 |
|
|
Cash & Bank Balances |
|
|
6.016 |
|
|
Other Current Assets |
|
|
0.646 |
|
|
Loans & Advances |
|
|
3.228 |
|
Total
Current Assets |
|
|
34.840 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
18.184 |
|
|
Other Current Liabilities |
|
|
4.780 |
|
|
Provisions |
|
|
0.937 |
|
Total
Current Liabilities |
|
|
23.901 |
|
|
Net Current Assets |
|
|
10.939 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.344 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
203.878 |
157.980 |
|
|
|
Other Income |
|
17.638 |
16.580 |
|
|
|
TOTAL |
|
221.516 |
174.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
|
210.292 |
167.084 |
|
|
|
Audit Fees |
|
0.200 |
0.200 |
|
|
|
Bank Charges |
|
0.013 |
0.015 |
|
|
|
Computer Maintenance Charges |
|
0.000 |
0.005 |
|
|
|
Credit card payment |
|
0.003 |
0.024 |
|
|
|
Courier Charges |
|
0.406 |
0.000 |
|
|
|
Conveyance |
|
0.198 |
0.001 |
|
|
|
commission paid |
|
3.159 |
2.800 |
|
|
|
Delivery Charges Paid |
|
0.242 |
0.246 |
|
|
|
Directors Remunerations |
|
0.600 |
0.200 |
|
|
|
Donation |
|
0.001 |
0.000 |
|
|
|
Discount Account |
|
0.159 |
0.283 |
|
|
|
Electricity Charges |
|
0.155 |
0.189 |
|
|
|
Freight Charges |
|
0.111 |
0.095 |
|
|
|
Insurance Charges |
|
0.000 |
0.004 |
|
|
|
Internet Charges |
|
0.001 |
0.011 |
|
|
|
Labour Charges |
|
0.002 |
0.000 |
|
|
|
Liquidity damage |
|
0.000 |
0.001 |
|
|
|
Motor car exp |
|
0.116 |
0.002 |
|
|
|
Mobile exp |
|
0.154 |
0.108 |
|
|
|
Misc Charges |
|
0.017 |
0.000 |
|
|
|
Membership and Subscriptions |
|
0.033 |
0.000 |
|
|
|
Office Exp. |
|
0.058 |
0.000 |
|
|
|
Octroi Charges |
|
0.007 |
0.000 |
|
|
|
Printing and Stationary |
|
0.124 |
0.022 |
|
|
|
Professional Fees |
|
0.001 |
0.000 |
|
|
|
Rent |
|
0.174 |
0.214 |
|
|
|
Repairs and Maintenance Charges |
|
0.075 |
0.046 |
|
|
|
Salary account |
|
2.315 |
1.027 |
|
|
|
Sales Promotion exp |
|
0.016 |
0.056 |
|
|
|
society Charges |
|
0.000 |
0.009 |
|
|
|
staff Welfare |
|
0.048 |
0.000 |
|
|
|
Software charges |
|
0.025 |
0.000 |
|
|
|
Software maintance Charges |
|
0.002 |
0.022 |
|
|
|
Transportation Charges |
|
0.077 |
0.013 |
|
|
|
Tempo hire charges |
|
0.212 |
0.000 |
|
|
|
Telephone exp |
|
0.206 |
0.193 |
|
|
|
Travelling Exo |
|
0.420 |
0.158 |
|
|
|
TOTAL |
|
219.622 |
173.028 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.894 |
1.532 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.155 |
0.099 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
1.739 |
1.433 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
29.98 |
24.71 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
250.000 |
220.000 |
|
|
|
|
|
Expected Sales ( 2013-2014 ) : Rs300.000 Millions
The above information has been parted by Mr. Rupesh Kadam
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A. |
0.79 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A. |
0.85 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A. |
3.50 |
4.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A. |
0.26 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.56 |
1.41 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.47 |
1.46 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
TRADE REFERENCES:
Ø
Ingram Micro
Ø
Cadbury Limited
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.33 |
|
|
1 |
Rs. 100.79 |
|
Euro |
1 |
Rs. 84.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
NAY |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.