1. Summary Information
|
|
|
Country |
|
|
Company Name |
FAREDEAL SHIPPING AGENCIES (MUMBAI) PRIVATE LIMITED |
Principal Name 1 |
MR. VIVEK LALCHAND KOTAI |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. SANJAY NANDKUMAR KALRO |
|
|
|
Registration # |
11-128187 |
|
Street Address |
501, SWASTIK DISA CORPORATE PARK, OPPOSITE SHREYAS CINEMA, LBS ROAD,
GHATKOPAR (WEST), MUMBAI – 400 086, MAHARASHTRA |
||
|
Established Date |
10.08.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-40339200
(100 Lines) |
Business Style 1 |
SERVICE PROVIDER |
|
Fax # |
91-22-40339200 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
FREIGHT RECEIPTS |
|
|
# of employees |
20 (APPROXIMATELY) |
Product Name 2 |
TERMINAL HANDLING
CHARGES |
|
Paid up capital |
RS.100,000/- |
Product Name 3 |
HAULAGE |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
HDFC
BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
13 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
53,584,000
|
Current Liabilities |
50,223,000
|
|
Inventories |
0000
|
Long-term Liabilities |
575,000 |
|
Fixed Assets |
4,987,000 |
Other Liabilities |
0000
|
|
Deferred Assets |
74,000 |
Total Liabilities |
50,798,000 |
|
Invest& other Assets |
00000 |
Retained Earnings |
7,07,000 |
|
|
|
Net Worth |
7,847,000 |
|
Total Assets |
58,645,000 |
Total Liab. & Equity |
58,645,000 |
|
Total Assets (Previous Year) |
84,165,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
3,285,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
2,359,000 |
|
Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
FAREDEAL SHIPPING AGENCIES (MUMBAI) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501, Swastik Disa Corporate Park, Opposite Shreyas Cinema, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2000PTC128187 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF02680G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing logistics services like air freight, sea
cargo, road transportation and warehousing services. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can
be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 |
LOCATIONS
|
Registered Office : |
501, Swastik Disa Corporate Park, Opposite Shreyas Cinema, LBS Road, Ghatkopar
(West), Mumbai – 400 086, Maharashtra, India |
|
Tel. No.: |
91-22-40339200 (100 Lines) |
|
Fax No.: |
91-22-40339200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
424, Nav Vyapar Bhavan, |
|
Tel. No.: |
91-22-23752185 / 95 |
|
Fax No.: |
91-22-23752182 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at: v
v Ahmedabad v Pune v Kandla v Chennai v Kolkata |
|
|
|
|
Network : |
Located at: v
v U.S.A v
v
v Carribean v
v
v
v
v
v
v
v
v
v
v
v
v
|
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Vivek Lalchand Kotai |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Happy Valley Home, Phase 10-A-24, Flat 1002, Jiniwadi, Manpada, Thane
(West) – 400 607, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.12.1971 |
||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2000 |
||||||||||||||||||||||||
|
Email: |
|||||||||||||||||||||||||
|
DIN No.: |
02083307 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Nandkumar Kalro |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
17/A, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
25.09.1969 |
||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2010 |
||||||||||||||||||||||||
|
Email: |
|||||||||||||||||||||||||
|
DIN No.: |
02083323 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Lalchand Kotai |
|
17000 |
|
Sanjay Nandkumar Kalro |
|
17000 |
|
Total
|
|
34000 |
List of Allottees
As on 01.10.2012
|
Names of Shareholders |
|
No. of Shares
Allotted |
|
Vivek Lalchand Kotai |
|
12000 |
|
Sanjay Nandkumar Kalro |
|
12000 |
|
Total
|
|
24000 |
As on 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing logistics services like air freight,
sea cargo, road transportation and warehousing services. |
|
|
|
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
v
The Shamrao Vithal Co-Operative Bank Limited,
Sakinaka, Andheri (East), Mumbai – 400 072, v
Punjab and Maharashtra Co-operative Bank
Limited, 264, v
Citi Bank, Mumbai, v
HDFC Bank Limited, Mumbai, |
||||||||||||||||||
|
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|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MNRD and Associates Chartered Accountants |
|
Address : |
Room No.2, 3rd Floor, Abbas Manzil, |
|
Tel. No.: |
91-22-42369555 (10 Line) |
|
Tele Fax No.: |
91-22-42369563 |
|
Income-tax
PAN of auditor or auditor's firm : |
AANFM0177B |
CAPITAL STRUCTURE
As on 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
34000 |
Equity Shares |
Rs.10/- each |
Rs.0.340 million |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.240 |
0.240 |
0.000 |
|
|
3] Reserves & Surplus |
7.507 |
4.221 |
1.862 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.847 |
4.561 |
1.962 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.575 |
0.891 |
0.105 |
|
|
2] Unsecured Loans |
0.000 |
0.250 |
0.751 |
|
|
TOTAL BORROWING |
0.575 |
1.141 |
0.856 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8.422 |
5.702 |
2.818 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.987 |
3.062 |
5.069 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.003 |
0.003 |
|
|
DEFERRED TAX ASSETS |
0.074 |
0.050 |
0.005 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
8.797
|
9.786
|
4.685
|
|
|
Cash & Bank Balances |
21.906
|
18.684
|
3.143
|
|
|
Other Current Assets |
2.610
|
0.000
|
0.000
|
|
|
Loans & Advances |
20.271
|
14.906
|
9.272
|
|
Total
Current Assets |
53.584
|
43.376
|
17.100
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
48.454
|
31.427
|
18.087 |
|
|
Other Current Liabilities |
1.769
|
7.796
|
0.922
|
|
|
Provisions |
0.000
|
1.566
|
0.350
|
|
Total
Current Liabilities |
50.223
|
40.789
|
19.359
|
|
|
Net Current Assets |
3.361
|
2.587
|
(2.259)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8.422 |
5.702 |
2.818 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.784 |
3.215 |
1.139 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.499 |
0.856 |
0.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.285 |
2.359 |
0.762 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.221 |
1.862 |
1.100 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.507 |
4.221 |
1.862 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
NA |
|
|
TOTAL EARNINGS |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
96.64 |
235.90 |
76.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.17 |
6.92 |
5.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61 |
0.70 |
0.58
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.40 |
9.19 |
10.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.06 |
0.88
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
No |
Note:
The Registered office of the company has been shifted from Oberoi Garden
Estate, C–1114-1115, 1st Floor, Off
OPERATIONS:
The director are pleasured to announce that the company has earned Net
Profit (After Tax) of Rs. 3.285 Millions during the year, as compared to
previous year of Rs. 2.359 Millions .
FIXED ASSETS:
v Office Equipments
v Building
v Computers
v Motor Vehicles
v Furniture and Fixtures
WEBSITE DETAILS:
PROFILE:
Subject, a non-vessel owning common carrier (NVOCC) / Freight Forwarding company. The company provides FCL and LCL services to worldwide destinations backed with professional marketing and reliable operations.
Subject was formed in April 1999 with a view to offer personalized logistic services for corporate by leveraging the experience and expertise of its promoters in various areas of shipping, freight forwarding and transportation. In a short time the company has created a profitable niche for itself.
Their strength lies in their professional personnel, dedicated teamwork and their skills of understanding customer requirements.
Their experienced and efficient staff ensures that the cargo is moved expeditiously satisfied employees make satisfied customers and to that end they consider theirselves a people company. They aim to be more than just an intermediary they aim to be an important and reliable link in the supply chain. Giving value and weight age to their staff and management alike. An open door policy is in force giving immense interaction and communication between management and staff.
Their endeavor is to be more than freight forwarder. They aim to be reliable partners to their clients.
They take complete charge for the cargo as a Multimodal
Transport Operator and cater to destinations in Europe,
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.54.63 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
45 |
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.