MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
FIVEBRO INTERNATIONAL PRIVATE LIMITED |
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Formerly Known
As : |
FIVEBRO WATER SERVICES PRIVATE LIMITED |
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Registered
Office : |
Building No. 12A (House No. 13), Sigma Corporate, Behind Rajpath Club,
Off. S. G. Road, Bokakdev, Ahmedabad – 380054, Gujarat, India |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
24.10.2002 |
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Com. Reg. No.: |
04-041470 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.088 Millions |
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CIN No.: [Company Identification
No.] |
U41000GJ2002PTC041470 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distributors of water pumps, valves and fittings, membranes or ion exchange resins, membrane performance chemicals, pressure vessels, flow measuring instruments, pressure boosting tanks or dosing units. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The
management of the company has not made 2010-11 and 2011-12 financial
available with the government department. Mr. Pankaj Joshi, Sales Manager
denied to disclose any information about the company. However, business is
active. Payment terms are unknown. The company can be considered for business dealings with some
cautions. |
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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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 DENIED BY
|
Name : |
Mr. Pankaj Joshi |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-79-61600600/ 61609000 91-9376179145 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office : |
Building No. 12A (House No. 13), Sigma Corporate, Behind Rajpath Club,
Off. S. G. Road, Bokakdev, Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
Not Available |
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Mobile No |
91-9376179145 (Mr. Pankaj Joshi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Building No. 9-10, Sigma Corporate, Behind Rajpath Club, Off S. G. Road, Bodakdev, Ahmedabad – 380054, Gujarat, India |
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Tel. No.: |
91-79- 61609000 |
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Fax No.: |
91-79-61609061 |
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E-Mail : |
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Branch Office : |
Located At: ·
Mumbai ·
Delhi ·
Chennai ·
Kolkata ·
Hyderabad |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Nishith Dhirajlal Doshi |
|
Designation : |
Director |
|
Address : |
71, Oceana Apartment, Kelushkar, Kelushkar Road, Shivaji Park, Mumbai
- 400 028, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1967 |
|
Date of Appointment : |
24.10.2002 |
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DIN No.: |
00151001 |
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Name : |
Mrs. Ramilaben Dhirajlal Doshi |
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Designation : |
Director |
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Address : |
71, Oceana Apartment, Kelushkar, Kelushkar Road, Shivaji Park, Mumbai
- 400 028, Maharashtra, India |
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Date of Birth/Age : |
27.11.1943 |
|
Date of Appointment : |
01.05.2004 |
|
DIN No.: |
00151037 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Joshi |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Nishith Doshi |
|
5000 |
|
Pooja Doshi |
|
37500 |
|
Purvi Doshi |
|
37500 |
|
Kalpana Doshi |
|
37500 |
|
Rupa Doshi |
|
32500 |
|
Krupa Doshi |
|
37500 |
|
Ramila Doshi |
|
62500 |
|
Darshan International Limited, |
|
158815 |
|
Total |
|
408815 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
38.85 |
|
Directors or relatives of Directors |
61.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of water pumps, valves and fittings,
membranes or ion exchange resins, membrane performance chemicals, pressure
vessels, flow measuring instruments, pressure boosting tanks or dosing units. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· IDBI Bank Limited, IDBI Complex. Opposite Municipal Staff Quarters,, · Near Lal Bunglow, Off. C.G. Road, Ahmedabad - 380006, Gujarat, India ·
The Karur Vysya Bank Limited, Prabhadevi Branch,
Dadar, Mumbai, Maharashtra, India · ICICI Bank, Limited |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
G. A. Iyer and Associates Chartered Accountants |
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Address : |
18, "Topaz", Chhedanagar, Chembur, Chembur- 400089,
Maharashtra, India |
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Tel. No.: |
91-11-25255058/25250719 |
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E-Mail : |
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PAN.: |
AAAPI3215P |
CAPITAL STRUCTURE
As on: 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
408815 |
Equity Shares |
Rs.10/- each |
Rs. 4.088
Millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.088 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
99.632 |
0.000 |
|
|
3] Reserves & Surplus |
160.198 |
22.366 |
17.041 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
164.286 |
124.498 |
19.541 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.804 |
1.333 |
1.993 |
|
|
2] Unsecured Loans |
100.903 |
76.004 |
49.190 |
|
|
TOTAL BORROWING |
106.707 |
77.337 |
51.183 |
|
|
DEFERRED TAX LIABILITIES |
0.567 |
0.319 |
0.304 |
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|
|
|
|
|
|
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TOTAL |
271.560 |
202.154 |
71.028 |
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APPLICATION OF FUNDS |
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|
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|
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FIXED ASSETS [Net Block] |
135.799 |
95.384 |
11.489 |
|
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Capital work-in-progress |
25.633 |
0.282 |
0.000 |
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
53.156
|
43.592
|
42.033 |
|
|
Sundry Debtors |
20.395
|
37.397
|
27.167 |
|
|
Cash & Bank Balances |
27.321
|
36.305
|
15.705 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
90.934
|
57.857
|
26.504 |
|
Total
Current Assets |
191.806
|
175.151
|
111.409 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
54.013
|
48.197
|
30.128 |
|
|
Other Current Liabilities |
9.109
|
6.338
|
6.877 |
|
|
Provisions |
18.855
|
14.528
|
14.872 |
|
Total
Current Liabilities |
81.977
|
69.063
|
51.877 |
|
|
Net Current Assets |
109.829
|
106.088
|
59.532 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.299 |
0.400 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
271.560 |
202.154 |
71.028 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
228.687 |
204.339 |
186.241 |
|
|
|
Other Income |
8.322 |
2.832 |
NA |
|
|
|
TOTAL (A) |
237.009 |
207.171 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
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|
|
|
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|
Administrative Expenses |
|
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|
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|
Advertising Expenses |
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|
|
|
|
|
TOTAL (B) |
227.257 |
192.854 |
NA |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.752 |
14.317 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.469 |
5.461 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.283 |
8.856 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.925 |
0.698 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.358 |
8.158 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.930 |
2.833 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.428 |
5.325 |
NA |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.897 |
13.572 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.325 |
18.897 |
NA |
|
|
|
|
|
|
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|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.643 |
2.831 |
1.110 |
|
|
TOTAL EARNINGS |
0.643 |
2.831 |
1.110 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
67.462 |
53.885 |
61.566 |
|
|
TOTAL IMPORTS |
67.462 |
53.885 |
61.566 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.83 |
21.30 |
28.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
1.87
|
2.57 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.22
|
3.99
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.25
|
3.01
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.07
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65
|
0.62
|
2.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
2.54
|
2.15 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three 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 |
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 |
NOTE:
The registered office of the company has been shifted from 103/A ,10th Floor, Tirthbhoomi Apartment, Near Law Lgarden Ellisbridge, Ahmedabad – 380009, Gujarat, India to present address w.e.f. 04.05.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U41000GJ2002PTC041470 |
|
Name of the
company |
FIVEBRO
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Building No. 12A (House No. 13), Sigma Corporate, Behind Rajpath Club,
Off. S. G. Road, Bokakdev, Ahmedabad – 380054, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10236203 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
IDBI Bank Limited, IDBI Complex. Opposite Municipal Staff Quarters, Near Lal Bunglow, Off. C.G. Road, Ahmedabad - 380006, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of equitable
mortgage dated on 5th October, 2011 |
|
Date of
instrument Creating the charge |
05.10.2011 |
|
Amount secured by
the charge |
Rs. 254.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan :BPLR
(present BPLR is 12.75% p.a.) and cash credit:BBR+400 BPS monthly Terms of Repayment Term Loan -repayable in 16 quarterly installment of Rs. 6.937 Miilions Working Capital repayable on demand and as per sanction letter dated :- 16.08.2011 Margin 25 % on stocks
and 40 % on book debts upto 90 days, term loan -50% letter of credit
/ buyer's credit :- 7.50 % bank guarantee :-
7.50 % treasury limit Extent and Operation of the charge Term Loan - first
charge on all fixed assets of the company except land at goblej and second
charge on all the current assets of the company working capital-first
charge on all current assets of the company and second charge on all the fixed assets of the company
except land at goblej and corporate house at Bodakdev |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
· Non agricultural land bearing revenue survey/ block no 36(part) 3839404142(part), 43(part), "a" total admeasuring 3866a sq mtrs. and construction thereon admeasuring 13830 sq. mtrs. at mouje · naranpura of sanand taluka in the registration district ahmedabad and sub district sanand in the state of Gujarat ·
together with buildings and structures thereon
and all plant and machinery attached to the earth or permanently fastened to
anything attached to the earth |
|
Date of instrument
modifying the charge |
05.10.2011 |
|
Particulars of
the present modification |
Non agricultural
land bearing revenue survey/ block no 36(part) 3839404142(part),
43(part), at mouje, sanand, given as
additional security to secure the extended
working capital facilities aggregating to Rs.85.000 Millions. now the total
credit facilities of Rs..254.500 Millions is secured by the present
modification. |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2010 |
As
on 31.03.2009 |
|
From Directors |
6.881 |
10.549 |
|
From Shareholders |
0.506 |
1.782 |
|
From Others |
93.516 |
63.673 |
|
Total |
100.903 |
76.004 |
|
|
|
|
Note: Amount repayable within one year is Rs. 100.903
Millions (Previous year Rs. 76.004)
FIXED ASSETS:
· Leasehold Land
· Equipment
· Electric Installations
· Furniture and Fixture
· Motor Car
· Air Conditioner
· Computer
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 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. 53.57 |
|
|
1 |
Rs. 84.25 |
|
Euro |
1 |
Rs. 71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.