MIRA
INFORM REPORT
|
Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPER VEG OILS PRIVATE LIMITED |
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Registered
Office : |
Khasra No-86 /11-20, Village Mundka, New Delhi - 110081 |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.06.2001 |
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Com. Reg. No.: |
55-111332 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.963 Millions |
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CIN No.: [Company Identification
No.] |
U15142DL2001PTC111332 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20664A |
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PAN No.: [Permanent Account No.] |
AAFCS9830C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of purchase and sale of Edible Oil. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 108000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its financial for the year
2013 with the government department. Whereas, management has filed its
financial for the year 2012 but the same is not available with us. As per financial (2011), there appears huge external borrowings
recorded by the company. Trade relations are fair. Business is active. Payment terms are 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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. 91-11-25168100)
LOCATIONS
|
Registered Office : |
Khasra No-86 /11-20, Village Mundka, New Delhi – 110081, India |
|
Tel. No. : |
91-11-32224997/ 25168100 |
|
Fax No. : |
Not Available |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Gulshan Dhingra |
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Designation : |
Director |
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Address : |
5/1B, Ramesh Nagar, New Delhi – 110015, India |
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Date of Birth/Age : |
01.05.1964 |
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Date of Appointment : |
23.09.2005 |
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Voter ID No. : |
DL/06/065/207102 |
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DIN No. : |
00025452 |
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Other Directorship :
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Name : |
Mr. Praveen Rana Kumar |
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Designation : |
Director |
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Address : |
SK-4, Plot No.60, Chowki No.2, Sindhora Kalan, Anand Nagar, Delhi –
110052, India |
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Date of Birth/Age : |
05.02.1976 |
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Date of Appointment : |
23.09.2005 |
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Voter ID No. : |
DL/06/063/048321 |
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DIN No. : |
00989387 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anju Mahajan |
|
10 |
|
Lajpat Rai Jawa |
|
10 |
|
O.P.Mahajan and Sons |
|
10 |
|
Poonam Mahajan |
|
10 |
|
Prem Khurana |
|
10 |
|
Ved Prakash |
|
10 |
|
Ved Prakash and Sons |
|
10 |
|
Vishambhar Kumar |
|
10 |
|
O.P.Mahajan and Sons |
|
10 |
|
Ajay Aggarwal |
|
100 |
|
Pinki Dhingra |
|
49000 |
|
Seema Dhingra |
|
49000 |
|
Krishan Kumar (HUF) |
|
7500 |
|
Gulshan Kumar |
|
7500 |
|
Naresh Kumar |
|
48000 |
|
Krishan Kumar |
|
41500 |
|
Gulshan Kumar (HUF) |
|
41500 |
|
Lalita Sachdeva |
|
10100 |
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C.P.Chandna |
|
1 |
|
Palka Dhingra |
|
49000 |
|
Jamna Devi |
|
49000 |
|
Pankaj Gera |
|
100 |
|
JMD Oils Private Limited, India |
|
46000 |
|
Seema Wadhwa |
|
10 |
|
Sahil Dhingra |
|
50000 |
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Srishti Dhingra |
|
50000 |
|
Pratik Dhingra |
|
48900 |
|
Kamal Popli |
|
49000 |
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Total |
|
596301 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
7.71 |
|
Directors or relatives of Directors |
90.54 |
|
Other top fifty shareholders |
1.75 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of purchase and sale of Edible Oil. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
· Development Credit Bank Limited, 4th Floor, Hansalaya Building, 15, Barakhamba Road, Connaught Place, New Delhi - 110001, India Punjab National Bank, Punjabi Bagh Branch, 39&40,
Central Market, Punjabi Bagh West, New Delhi - 110026, India State Bank of India, Corporate Accounts Group Branch,
Jawahar Vyapar Bhawan, 11th & 12th Floor, New Delhi - 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. P. Mukerjee and Associates Chartered Accountants |
|
Address : |
11, Pratap Enclave, Mohan Garden, Uttam Nagar, New Delhi – 110059, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAIPM9390B |
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Enterprises where
Major Shareholder/ Key Management Personnel or their relatives exercise significant
influence, where transactions have been taken place, hereinafter referred as
enterprises : |
· JMD Oils Private Limited JMD Veg Oils Private Limited Kwality Dairy (India) Limited JMD Proteins Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
596,301 |
Equity Shares |
Rs.10/- each |
Rs. 5.963 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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.963 |
5.963 |
4.963 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.938 |
17.902 |
6.973 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.901 |
23.865 |
11.936 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
101.369 |
62.102 |
38.639 |
|
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2] Unsecured Loans |
34.870 |
41.123 |
49.680 |
|
|
TOTAL BORROWING |
136.239 |
103.225 |
88.319 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
163.140 |
127.090 |
100.255 |
|
|
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|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
1.491 |
2.605 |
3.503 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.415 |
0.351 |
0.280 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
108.420
|
168.163 |
73.335 |
|
|
Sundry Debtors |
116.736
|
65.048 |
41.127 |
|
|
Cash & Bank Balances |
2.408
|
2.905 |
1.445 |
|
|
Other Current Assets |
3.746
|
4.768 |
3.483 |
|
|
Loans & Advances |
4.508
|
6.624 |
30.095 |
|
Total
Current Assets |
235.818
|
247.508 |
149.485 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
71.750
|
121.732 |
50.835 |
|
|
Other Current Liabilities |
1.264
|
0.943 |
1.541 |
|
|
Provisions |
1.570
|
0.699 |
0.637 |
|
Total
Current Liabilities |
74.584
|
123.374 |
53.013 |
|
|
Net Current Assets |
161.234
|
124.134 |
96.472 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
163.140 |
127.090 |
100.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
2149.080 |
1676.346 |
|
|
|
Other Income |
|
1.131 |
0.182 |
|
|
|
TOTAL (A) |
5045.246 |
2150.211 |
1676.528 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
2127.103 |
1659.709 |
|
|
|
Other Expenses |
|
8.858 |
7.843 |
|
|
|
TOTAL (B) |
5029.171 |
2135.961 |
1667.552 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
16.075 |
14.250 |
8.976 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.700 |
10.020 |
5.281 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.375 |
4.230 |
3.695 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.573 |
0.898 |
1.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
4.802 |
3.332 |
2.575 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.766 |
1.203 |
0.833 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
3.036 |
2.129 |
1.742 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.102 |
6.973 |
5.231 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.138 |
9.102 |
6.973 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.09 |
3.57 |
3.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.06
|
0.10 |
0.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.15 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02
|
1.33 |
1.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.14 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.06
|
4.33 |
7.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16
|
2.01 |
2.82 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10331917 |
05/12/2011 |
1,520,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS
GROUP BRANCH, JAWAHAR VYAPAR B |
B30598551 |
|
2 |
10153666 |
19/03/2012 * |
1,721,000,000.00 |
PUNJAB NATIONAL BANK |
PUNJABI BAGH BRANCH, 39&40, CENTRAL MARKET, PUNJABI BAGH (WEST), NEW DELHI - 110026, INDIA |
B37137742 |
|
3 |
10066323 |
12/12/2007 * |
208,000,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
M-39,CONNAUGHT CIRCUS, NEW DELHI, NEW DELHI - 110001, INDIA |
A29453982 |
|
4 |
10053085 |
10/12/2008 * |
350,000,000.00 |
PUNJAB NATIONAL BANK |
PUNJABI BAGH, DELHI - 110063, INDIA |
A53763462 |
|
5 |
10042683 |
23/03/2010 * |
5,632,000,000.00 |
INDIAN OVERSEAS BANK |
RAJOURI GARDEN BRANCH, F100 BALI NAGAR, NEW DELHI - 110015, INDIA |
A83992016 |
|
6 |
10000510 |
23/09/2009 * |
1,974,690,000.00 |
INDIAN OVERSEAS BANK |
RAJOURI GARDEN BRANCH, F100 BALI NAGAR, NEW DELHI - 110015, INDIA |
A71247712 |
|
7 |
90050490 |
19/03/2004 |
15,000,000.00 |
INDIAN OVERSEAS BANK |
BRACH RAJOURI GARDEN, NEW DELHI - 110027, INDIA |
- |
|
8 |
90050478 |
13/03/2004 |
236,000,000.00 |
INDIAN OVERSEAS BANK |
BRACH RAJOURI GARDEN, NEW DELHI - 110027, INDIA |
- |
|
9 |
90049606 |
20/03/2007 * |
248,000,000.00 |
INDIAN OVERSEAS BANK |
RAJOURI GARDEN BRANCH, A-6,RAJOURI GARDEN, NEW DELHI - 110027, INDIA |
- |
|
10 |
90049084 |
10/11/2012 * |
130,000,000.00 |
INDIAN OVERSEAS BANK |
RAJOURI GARDEN BRANCH, A-6,RAJOURI GARDEN, NEW DELHI - 110027, INDIA |
B63606461 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Other debt unsecured |
34.870 |
41.123 |
|
Total |
34.870 |
41.123 |
OPERATIONS
Financial Year 2010-11 marked a strong resurgence in volume and demand growth.
During the year, the Company achieved a turnover of Rs. 5045.246 Millions as against a turnover of Rs. 2150.211 Millions in the previous year, PBDIT of Rs. 16.075 Millions and profit after tax of Rs. 3.036 Millions. Earning per share for the year stood at Rs. 5.09.
FIXED ASSETS
Office Equipments
Computer Equipments
Motor Vehicles
Furniture and Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
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 |
|
27 |
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.