MIRA
INFORM REPORT
|
Report Date : |
10.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
RMP FAB SOURCING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
425/3, Kucha Brij Naga, Chandni Chowk, Delhi – 110006 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.05.2003 |
|
|
|
|
Com. Reg. No.: |
55-120261 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.763 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL2003PTC120261 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR07947C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter a wide range of Schiffli Embroidery and Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 310000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payments
terms are usually correct and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 3 |
|
Rating Explanation |
Above average credit quality with low credit
risk. |
|
Date |
May, 2011 |
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 : |
425/3, Kucha Brij Naga, Chandni Chowk, Delhi – 110006,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
S-70,Okhla Industrial Area, Phase-II, New Delhi – 110020, India |
|
Tel. No.: |
91-11-26385300/ 26385808/ 41707856 |
|
Fax No.: |
91-11-26832808 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Rajesh Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
A-2, Vivek Vihar, New Delhi – 110095, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.03.1964 |
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Date of Appointment : |
19.05.2003 |
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DIN No.: |
00385899 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Manish Gupta |
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Designation : |
Director |
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|
Address : |
A-2, Vivek Vihar, New Delhi – 110095, India |
||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
01.09.1970 |
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Date of Appointment : |
19.05.2003 |
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DIN No.: |
00385978 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Gupta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A-2, Vivek Vihar, New Delhi – 110095, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.08.1974 |
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Date of Appointment : |
19.05.2003 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
00386062 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Gupta |
|
47580 |
|
Manish Gupta |
|
242100 |
|
Pankaj Gupta |
|
200600 |
|
G. D. Gupta |
|
10 |
|
Ashita Gupta |
|
162510 |
|
Meenu Gupta |
|
172500 |
|
Bharti Gupta |
|
151000 |
|
|
|
|
|
Total |
|
976300 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter a wide range of Schiffli
Embroidery and Fabrics. |
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|
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|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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Bankers : |
·
Tamilnad Mercantile Bank Limited, 384-390, First
Floor, Loke Nath Building, Opposite to Fatehpuri Post Office, Chandni Chwok,
Delhi – 110006, India · ICICI Bank Limited · HDFC Bank Limited · Temilnadu Mercantile Bank Limited · Syndicate Bank · Indian Bank ·
Axis Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Agarwal and Company Chartered Accountants |
|
Address : |
123, Vinobapuri, Lajpat Nagar-II, New Delhi – 110024, India |
|
Tel. No.: |
91-11-29838501/ 29830625 |
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Fax No.: |
91-11-29848352 |
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E-Mail : |
|
|
PAN No.: |
AADPA0397F |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
976300 |
Equity Shares |
Rs.10/- each |
Rs.9.763 Millions |
|
|
|
|
|
a. Reconciliation of
Outstanding Shares at the beginning and at end of the reporting period:
|
|
As at March 31, 2012 |
|
|
Particular |
No. of Shares |
Rs. In Millions |
|
Shares at the beginning of the accounting period |
976300 |
9.763 |
|
Shares at the end of the accounting period |
976300 |
9.763 |
b. List of
shareholders holding more than 5% shares
|
Name of Shareholders |
No. of Shares |
% of Holding |
|
Rajesh Gupta |
47560 |
5.00% |
|
Manish Gupta |
242100 |
25.00% |
|
Pankaj Gupta |
200600 |
21.00% |
|
Ashita Gupta |
162510 |
17.00% |
|
Meenu Gupta |
172510 |
18.00% |
|
Bharti Gupta |
151010 |
15.00% |
|
|
976290 |
100.00% |
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 |
9.763 |
9.763 |
9.763 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
68.484 |
57.923 |
39.831 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
78.247 |
67.686 |
49.594 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
342.770 |
147.200 |
142.238 |
|
|
2] Unsecured Loans |
29.454 |
22.077 |
14.498 |
|
|
TOTAL BORROWING |
372.224 |
169.277 |
156.736 |
|
|
DEFERRED TAX LIABILITIES |
10.058 |
12.507 |
12.861 |
|
|
|
|
|
|
|
|
TOTAL |
460.529 |
249.470 |
219.191 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
153.873 |
155.914 |
165.371 |
|
|
Capital work-in-progress |
221.677 |
17.643 |
5.554 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
44.118
|
31.690 |
19.767 |
|
|
Sundry Debtors |
267.801
|
230.226 |
166.408 |
|
|
Cash & Bank Balances |
50.942
|
43.913 |
37.999 |
|
|
Other Current Assets |
0.179
|
0.086 |
0.000 |
|
|
Loans & Advances |
34.068
|
17.466 |
11.398 |
|
Total
Current Assets |
397.108
|
323.381 |
235.572 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
272.479
|
212.325 |
173.209 |
|
|
Other Current Liabilities |
26.745
|
27.511 |
9.632 |
|
|
Provisions |
12.905
|
7.632 |
4.476 |
|
Total
Current Liabilities |
312.129
|
247.468 |
187.317 |
|
|
Net Current Assets |
84.979
|
75.913 |
48.255 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.011 |
|
|
|
|
|
|
|
|
TOTAL |
460.529 |
249.470 |
219.191 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
923.943 |
776.915 |
667.968 |
|
|
|
Other Income |
NA |
3.779 |
3.287 |
|
|
|
TOTAL |
NA |
780.694 |
671.255 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
758.323 |
653.573 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
14.781 |
22.371 |
17.682 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.595 |
4.633 |
2.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.186 |
17.738 |
14.950 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
31.498 |
27.075 |
17.432 |
|
|
TOTAL EARNINGS |
31.498 |
27.075 |
17.432 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
16.487 |
0.331 |
13.259 |
|
|
TOTAL IMPORTS |
16.487 |
0.331 |
13.259 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.38 |
18.17 |
15.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
2.27 |
2.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.60 |
2.88 |
2.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.68 |
4.67 |
4.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.33 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.75 |
6.16 |
6.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.31 |
1.26 |
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 |
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 |
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 |
|
Unsecured Loan |
As on 31.03.2012 |
As on 31.03.2011 |
|
From Directors |
11.569 |
6.592 |
|
From Relatives |
8.375 |
5.975 |
|
From Others (No terms of repayment are stipulated) |
9.510 |
9.510 |
|
|
|
|
|
Total |
29.454 |
22.077 |
OPERATIONS AND
DEVELOPMENT
During the year the Turnover/Receipt of the company was Rs. 923.943 Millions as compared to last year of Rs. 776.915 Millions. The company has earned a net profit (loss) before tax of Rs 14.781 Millions as compared to previous year profit (loss) of Rs. 22.371 Millions. The company has made the provision of income tax of Rs. 6.595 Millions and in the last year provision was also Rs. 4.633 Millions. The Management is trying its best to get the business and profitability during the current year.
CONTINGENT LIABILITY:
Bank Guarantee in favour of DGFT Rs.3.105 Millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U18101DL2003PTC120261 |
|
Name of the
company |
RMP FAB SOURCING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
425/3, Kucha Brij
Naga, Chandni Chowk, Delhi – 110006, India E-mail Id : sanjaygoelca@hotmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10019346 |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others (lien over lorry receipts, railway receipts etc) |
|
Particular of
charge holder |
Tamilnad
Mercantile Bank Limited, 384-390, First Floor, Loke Nath building, Opposite to
Fatehpuri Post Office, Chandni Chwok, Delhi – 110006, India E-mail Id : delhi@tnmbonline.com |
|
Nature of
instrument creating charge |
Agreement for
demand Cash credit for the hypothecation of the movable properties for
Rs.120.000 Millions dated 12.09.2012. Letter for
hypothecation of book -debts for Rs.120.000 Millions dated 12.09.2012. |
|
Date of
instrument Creating the charge |
12.09.2012 |
|
Amount secured by
the charge |
Rs.121.810
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+0.75%
presently 11.50% Terms of
Repayment One Year Margin NIL Extent and
Operation of the charge As per the
agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
On lien over
lorry receipt, railway receipts covering the goods supplied under ILC. On hypothecation
of receivables arising out of dispatches made under ILC Collateral
Security: On the extension of equitable mortgage of agricultural land to the
extent of 3575 Acres and single storied Industrial Building constructed
thereon to the extent of 25000 sq. ft. and additional construction of first
half to the extent of first hall to the extent of 15624 sq. ft., second hall
to the extent of 16610 sq. ft. and 4649 sq. ft. (total built up area of 61883
sq. ft.) at Khasra No. 34/16min., 35/18 min. 35/20 min, situated at G.T.
Road, Village Karhans, Tehsil Samalkha, District Panipet, Haryana standing in
the name of subject. |
|
Date of
instrument modifying the charge |
06.06.2009 |
|
Particulars of
the present modification |
The inland bill
negotiation limit of Rs.120.000 Millions has been renewed and there is no change
in the bank guarantee limit of Rs.1.810 Millions. |
FIXED ASSETS:
· Freehold Land
· Office Building
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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.54.96 |
|
|
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.71.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
42 |
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.