|
Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KALYANI STAMPINGS PRIVATE LIMITED |
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|
|
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Registered
Office : |
2/99,
Perinjambakkam Main Road, Rajiv Gandhi Nagar, 169, Kuzhangalcheri Village, Sriperumpudur
Taluk, Kanchipuram – 601105, Tamilnadu |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
23.09.2010 |
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Com. Reg. No.: |
18-077467 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 1.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U28910TN2010PTC077467 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK10771F |
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|
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PAN No.: [Permanent Account No.] |
AAECK1164A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier and Service provider of stamping tools, metal
stamping tools, sheet metal pressed and fabricated parts, fixtures and
gauges. |
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|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 has failed to file its latest financial i.e. 2011-2012 with
government department. Ms. Sajira Accountant provided with us very few
general information and denied to disclose financial details. From the
previous year available, it seems that the company has not commenced its
business operation. Payments are unknown.
The company can be considered for business dealings on a secured trade
terms and condition. |
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) |
|
|
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
|
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Sajira |
|
Designation : |
Accountant |
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Contact No.: |
91-9244926789 |
|
Date : |
16.01.2013 |
LOCATIONS
|
Registered Office/ Factory : |
2/99,
Perinjambakkam Main Road, Rajiv Gandhi Nagar, 169, Kuzhangalcheri Village,
Sriperumpudur Taluk, Kanchipuram – 601105, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9244926789 (Mr. Radha Krishnan) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Murugesan Radhakrishnan |
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Designation : |
Managing director |
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Address : |
9/24, D-1, Alsa Samudram Apartments, IV Seawards Road, Valmiki Nagar,
Thiruvanmiyur, Chennai – 600011, Tamilnadu, India |
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Date of Appointment : |
23.09.2010 |
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DIN No.: |
00178542 |
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Other Directorship : |
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Name : |
Uma Sankari Maharajan |
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Designation : |
Director |
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Address : |
9/24, D-1, Alsa Samudram Apartments, IV Seawards Road, Valmiki Nagar,
Thiruvanmiyur, Chennai – 600011, Tamilnadu, India |
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Date of Appointment : |
23.09.2010 |
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DIN No.: |
01316251 |
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Other Directorship : |
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KEY EXECUTIVES
|
Name : |
Ms. Sajira |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Murugesan Radhakrishnan |
|
37500 |
|
Uma Sankari Maharajan |
|
12500 |
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Total |
|
50000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Service provider of stamping tools, metal
stamping tools, sheet metal pressed and fabricated parts, fixtures and
gauges. |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
OEM’s |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Bank of India, West Mambalam Branch, 7/1, Lakshmi Street, West Mambalam,
Chennai – 600033, Tamilnadu, India [Mobile No.: 91-9324781004] |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
GPDB and Company Chartered Accountants |
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Address : |
5/3, Sundaram Villa, 1st Floor, Aziz Nagar, 1st Street, Kodambakkam,
Chennai - 600024, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFG7277J |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
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|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
1.500 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
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4] (Accumulated Losses) |
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|
0.000 |
|
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NETWORTH |
|
|
2.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.400 |
|
|
2] Unsecured Loans |
|
|
0.059 |
|
|
TOTAL BORROWING |
|
|
3.459 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
5.959 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.797 |
|
|
Capital work-in-progress |
|
|
0.000 |
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|
|
|
|
|
|
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INVESTMENT |
|
|
0.000 |
|
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DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
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Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.362 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.307 |
|
Total
Current Assets |
|
|
2.669 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.051 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.027 |
|
Total
Current Liabilities |
|
|
0.078 |
|
|
Net Current Assets |
|
|
2.591 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.571 |
|
|
|
|
|
|
|
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TOTAL |
|
|
5.959 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
34.22 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
UNSECURED LOANS
|
Unsecured Loans |
|
31.03.2011 (Rs. In Millions) |
|
Directors Loans |
|
0.059 |
|
Total |
|
0.059 |
Note: The registered address
of the company has been shifted from No.4/24, D-1, Alsa Samudram Apartments, Iv Seawards Road, Valmiki Nagar, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India to the present w.e.f. 10.06.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28910TN2010PTC077467 |
|
Name of the
company |
KALYANI STAMPINGS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2/99, Perinjambakkam
Main Road, Rajiv Gandhi Nagar, 169, Kuzhangalcheri Village, Sriperumpudur
Taluk, Kanchipuram – 601105, Tamilnadu, India Email: kalgan123@gmail.com
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10271176 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of India, West Mambalam Branch, 7/1, Lakshmi Street, West
Mambalam, Chennai – 600033, Tamilnadu, India |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation cum
Loan Agreement of Plant and Machinery, Stocks and Book Debts dated
29.06.2012. |
|
Date of
instrument Creating the charge |
29.06.2012 |
|
Amount secured by
the charge |
Rs. 28.586
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.5% over Base
Rate presently 14% Terms of Repayment Cash Credit
Facility - Repayable on Demand Term Loan - 75
Equated Monthly installments of Rs.0.191 Million per month commencing from
March 2013 with an initial moratorium of 9 months. Margin 25% against raw
materials, finished goods; 25% against
stores; 25% against goods
in process; 40% against
book-debts outstandings of 2 or 3 months. Extent and Operation of the charge Exclusive charge
on movable properties, assets, stocks and book debts for the cash credit
limit and Term Loan facilities of Rs.28.586 Millions together with interest,
costs, charges and expenses payable by the borrower from time to time. The charge
operates on properties and book debts. Others Particulars Existing(Rs.) Revised Limits (Rs.) Cash Credit
Facility 5.000
Millions 10.000 Millions Term Loan
Facility I 9.800 Millions 9.186 Millions Term Loan
Facility II Nil 9.400 Millions Total 14.800
Millions 28.586 Millions |
|
Short particulars
of the property charged |
Hypothecation of
all tangible movable machineries and plants (both present and future), assets
and stocks, raw materials such as Auto components, Sheet metal, Stamping
tools, semi finished goods, spare parts, components etc situated at the
borrower's premises, godowns at Kuzhangicherry Village, Kancheepuram. All present and
future book-debts, outstandings, money receivables, claims, bills of the
borrower. |
|
Particulars of
the present modification |
The present
modification is for enhancing the existing Cash Credit limits and Term Loan
facilities from Rs.14.800 Millions to Rs.28.586 Millions. |
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. 53.51 |
|
|
1 |
Rs. 84.85 |
|
Euro |
1 |
Rs. 71.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
16 |
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.