MIRA
INFORM REPORT
|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHHABI ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-66, M.I.D.C. Ajantha Road, Jalgaon-425003, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.11.1978 |
|
|
|
|
Com. Reg. No.: |
11-020807 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.916 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1978PTC020807 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKC00025E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC3660J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Battery Charger. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
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 178000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears slight dip in sales turnover and profitability during the
current year. Profit margin appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB (Long term rating) |
|
Rating Explanation |
Having moderate risk of default regarding timely
servicing of financial obligation. |
|
Date |
October, 2012 |
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. Dudhedia |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-257-2210626 |
|
Date : |
11.02.2013 |
LOCATIONS
|
Registered Office / Factory: |
E-66, M.I.D.C. Ajantha Road, Jalgaon-425003, Maharashtra, India |
|
Tel. No.: |
91-257-2210626 / 27 / 28 |
|
Fax No.: |
91-257-2213434 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
|
|
|
|
Regional Offices : |
Located at ·
Mumbai ·
Delhi ·
Bangalore ·
Kolkata |
|
|
|
|
Marketing Network : |
Located at ·
Baroda ·
Bhopal ·
Bhubaneshwar ·
Chennai ·
Hyderabad ·
Indore ·
Lucknow ·
Mumbai ·
Nagpur ·
Pune ·
Varanasi ·
Visakhapatnam |
DIRECTORS
As on 19.06.2012
|
Name : |
Mr. Madhusudan Onkar Rane |
|
Designation : |
Director |
|
Address : |
Chhabi Electricals Private Limited, A - 3, Co-Operative Industrial
Estate, Ajanta Road, Jalgaon-425 003, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1938 |
|
Date of Appointment : |
10.04.2007 |
|
DIN No.: |
00256447 |
|
|
|
|
Name : |
Mrs. Supriya Chhabiraj Rane |
|
Designation : |
Director |
|
Address : |
Chhabi Electricals Private Limited, A - 3,
Co-Operative Industrial Estate, Ajanta Road, Jalgaon-425 003, Maharashtra,
India |
|
Date of Birth/Age : |
14.10.1967 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00256609 |
|
|
|
|
Name : |
Mr. Chhabiraj Madhusudan Rane |
|
Designation : |
Managing Director |
|
Address : |
Chhabi Electricals Private Limited, A - 3,
Co-Operative Industrial Estate, Ajanta Road, Jalgaon-425 003, Maharashtra, India |
|
Date of Birth/Age : |
27.10.1964 |
|
Date of Appointment : |
16.05.1996 |
|
DIN No.: |
00256662 |
|
|
|
|
Name : |
Ms. Saili Chhabiraj Rane |
|
Designation : |
Director |
|
Address : |
A-3 Co-op Industrial Estate, Ajintha Road, MIDC Area, Jalgoan-425 003,
Maharashtra, India |
|
Date of Birth/Age : |
28.04.1991 |
|
Date of Appointment : |
13.06.2011 |
|
DIN No.: |
03502848 |
KEY EXECUTIVES
|
Name : |
Mr. Dudhedia |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ashok M.
Shah |
|
10 |
|
Chhabiraj
M. Rane |
|
87576 |
|
Dinkala R.
Shah |
|
10 |
|
Madhusadan
O. Rane |
|
105675 |
|
Supriya C.
Rane |
|
34225 |
|
Chhabiraj M. Rane (SIC) |
|
2708 |
|
Chhabiraj M. Rane (HUF) |
|
3250 |
|
Madhusadan O Rane (HUF) |
|
9750 |
|
Saili
Chhabiraj Rane |
|
5958 |
|
Total |
|
249162 |
As on 19.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Battery Charger. |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
Middle east |
|
|
|
|
Imports : |
|
|
Products : |
Finished goods and Raw material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
K Patel Metal Industries |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Retailers and End users ·
Reliance Industries ·
HPCL ·
BHEL |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, Kapurbavadi Branch,
Dhanlaxmi Industrial Estate, Lal Bahadur Shastri Marg, Kapurbavadi, Thane
(West), Thane- 400601, Maharashtra, India ·
Bank of Baroda ·
ICICI Bank |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
L and T Finance Limited,
L and T House, Ballard Estate, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ashwin K. Shah and Company Chartered Accountants |
|
Address : |
7, Chemox House, 2nd Floor, Barrack Lane, Dhobitalao,
Mumbai-400020, 400020, Maharashtra, India |
|
Tel. No.: |
91-22-66317919 / 20 |
|
Fax No.: |
91-22-22068659 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACPF1021K |
|
|
|
|
Sisters Concern : |
Chhabi Electricals Maker |
|
|
|
|
Group Company where
comraon Control Exists |
Chhabi Electromech Industries Private Limited |
|
|
|
|
Enterprises in which
promoters have significant control |
Srinivas Investment Corporation (Chhabiraj M. Rane’s Proprietory
concern) |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 100/- each |
Rs. 25.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249162 |
Equity Shares |
Rs. 100/- each |
Rs. 24.916
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
24.916 |
24.916 |
24.916 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19.584 |
17.084 |
12.400 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
44.500 |
42.000 |
37.316 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
76.488 |
68.130 |
11.491 |
|
|
2] Unsecured Loans |
20.276 |
17.659 |
26.228 |
|
|
TOTAL BORROWING |
96.764 |
85.789 |
37.719 |
|
|
DEFERRED TAX LIABILITIES |
0.104 |
0.120 |
0.156 |
|
|
|
|
|
|
|
|
TOTAL |
141.368 |
127.909 |
75.191 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
22.463 |
23.668 |
25.380 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.020 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
74.255
|
47.640 |
77.644 |
|
|
Sundry Debtors |
89.961
|
78.957 |
94.061 |
|
|
Cash & Bank Balances |
15.025
|
19.028 |
12.910 |
|
|
Other Current Assets |
0.219
|
0.383 |
0.548 |
|
|
Loans & Advances |
6.580
|
5.833 |
7.437 |
|
Total
Current Assets |
186.040
|
151.841 |
192.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
62.130
|
42.834 |
83.278 |
|
|
Other Current Liabilities |
0.500
|
0.500 |
55.009 |
|
|
Provisions |
4.505
|
4.266 |
4.522 |
|
Total
Current Liabilities |
67.135
|
47.600 |
142.809 |
|
|
Net Current Assets |
118.905
|
104.241 |
49.791 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.368 |
127.909 |
75.191 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
194.540 |
233.110 |
198.060 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.966 |
10.331 |
6.969 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.169 |
3.319 |
3.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.797 |
7.012 |
3.629 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.187 |
2.203 |
1.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.611 |
4.809 |
2.581 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.651 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.48 |
19.30 |
10.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.95
|
3.01 |
1.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.82
|
4.00 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.17 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.17
|
2.04 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
3.19 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors for Goods |
61.451 |
42.425 |
83.932 |
|
Sundry Creditors for Expenses |
0.679 |
0.409 |
0.346 |
|
Total |
62.130 |
42.834 |
84.278 |
|
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 |
Yes |
|
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
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
PERFORMANCE OF THE COMPANY:
During the year, the company has
shown gross turnover of Rs.215.129 millions indicating a decrease by Rs.42.118
millions over the earlier fiscal. In terms of percentage it is less by 16.37%.
The net profit after tax is at the level of Rs.2.627 millions which is
depressive as compared to the previous year and there has been decrease by
45.78%. There has been pressure on the profitability due to irregular supply of
equipments and components required for the production by overseas suppliers the
sales have been adversely affected.
CURRENT SCENARIO:
In the current
financial year the turnover of the Company is expected to rise and also the
profitability will be commensurate with increased turnover. The Company is
planning to diversify in other products relating to the same business line.
COMPANY PROFILE
Subject was incorporated under the Companies Act, 1956 on 28th November 1978.
The Company is engaged in manufacturing battery chargers and DC Distribution
boards and installation, maintenance, erection and commissioning in relation
thereto.
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and Advances from Related Parties Due to Directors and Shareholders |
12.626 |
6.633 |
|
Unsecured Loans from NBFCs and Financial Institutions Due to Others |
7.650 |
11.026 |
|
Total |
20.276 |
17.659 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32109MH1978PTC020807 |
|
Name of the
company |
CHHABI
ELECTRICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-66, M.I.D.C. Ajantha Road, Jalgaon-425003, Maharashtra, India Email : chhabi_jal@sancharnet.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Union Bank of India, Kapurbavadi Branch, Dhanlaxmi Industrial Estate,
Lal Bahadur Shastri Marg, Kapurbavadi, Thane (West), Thane- 400601,
Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
vehicles agreement (SD - 10) |
|
Date of
instrument Creating the charge |
25.04.2012 |
|
Amount secured by
the charge |
Rs. 1.300
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 12.15% per annum
with monthly rest Terms of Repayment Repayment of
term loan in no of 60 installments, amount of
installments Rs. 0.029 millions per month Margin 19% Extent and Operation of the charge Hypothecation of
vehicle toyato innova subject to maximum of Rs.1.300 millions |
|
Short particulars
of the property charged |
Hypothecation of
toyato - innova 2.5cc reg no. - mh -19
- bj-7200, chasis no. - mbj11jv4007331547, engine no. 2kdu026493. |
FIXED ASSETS
v Tangible Assets
·
Leasehold Land
·
Building
·
Office Equipment
·
Furniture and Fixture
·
Plant and Machinery
·
Tools and Equipment
·
Computer Systems
·
Vehicles
v Intangible Assets
·
Goodwill
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.53.85 |
|
|
1 |
Rs.84.43 |
|
Euro |
1 |
Rs. 72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.