|
Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENRICH ENTERPRISES PRIVATE LIMITED (w.e.f.13.12.2006) |
|
|
|
|
Formerly Known
As : |
INFINITE E SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30, Gopal Bhuvan, 2nd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.02.2000 |
|
|
|
|
Com. Reg. No.: |
11-160206 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.802 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC160206 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED BY
|
Name : |
Mr. Sukla |
|
Designation : |
Accountant |
|
Contact No.: |
91-8452000602 |
|
Date : |
13.06.2013 |
LOCATIONS
|
Registered Office : |
30, Gopal Bhuvan, 2nd Floor, 199 Princess Street,
Mumbai–400002, Maharashtra, India |
|
Tel. No.: |
91-22-40223200/ 22036714 |
|
Mobile No.: |
91-8452000602 (Mr. Sukla) |
|
Fax No.: |
91-22-22036713 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sunil Hariprasad Agrawal |
|
Designation : |
Director |
|
Address : |
B – 602, Avon Majesty, |
|
Date of Birth/Age : |
05.08.1979 |
|
Date of Appointment : |
15.01.2004 |
|
DIN No.: |
00022713 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67190MH1997PTC111176 |
AB
AND COMPNAY GLOBAL PRIVATE LIMITED |
Additional
director |
14-07-03 |
14-07-03 |
- |
Active |
NO |
|
2 |
U72900MH2000PTC160206 |
ENRICH
ENTERPRISES PRIVATE LIMITED |
Additional
director |
15-01-04 |
15-01-04 |
- |
Active |
NO |
|
3 |
U74999MH1992PLC065166 |
INDOSPIN
FILATI LIMITED |
Additional
director |
23-01-04 |
23-01-04 |
20-05-11 |
Active |
NO |
|
4 |
U70100MH2006PTC158903 |
ENRICH
REAL ESTATES PRIVATE LIMITED |
Director |
06-01-06 |
06-01-06 |
- |
Active |
NO |
|
5 |
U70109MH2006PTC161669 |
ENRICH
PROPERTIES PRIVATE LIMITED |
Director |
05-05-06 |
05-05-06 |
01-01-10 |
Active |
NO |
|
6 |
U51909MH2006PTC164554 |
ATMAN
COMMERCIAL PRIVATE LIMITED |
Director |
14-09-06 |
14-09-06 |
09-09-09 |
Active |
NO |
|
7 |
U31401MH2007PTC173318 |
ENRICH
RD INFRAPROJECTS PRIVATE LIMITED |
Director |
21-08-07 |
21-08-07 |
- |
Active |
NO |
|
8 |
U74900MH2008PTC179993 |
ENRICH
PROJECTS PRIVATE LIMITED |
Director |
12-03-08 |
12-03-08 |
- |
Active |
NO |
|
9 |
U70109MH2010PTC202135 |
ENRICH
BUILDCON PRIVATE LIMITED |
Director |
17-04-10 |
17-04-10 |
- |
Active |
NO |
|
10 |
U74900MH2010PTC199727 |
ENRICH
SHREYA MARINE INFRASTRUCTURES PRIVATE LIMITED |
Director |
27-05-10 |
27-05-10 |
12-10-12 |
Active |
NO |
|
11 |
U65900WB1995PLC074942 |
MANALI
FINVEST LIMITED |
Director |
08-10-10 |
08-10-10 |
02-07-12 |
Active |
NO |
|
12 |
U21000MH2011PTC216674 |
ENRICH
PACKAGING PRIVATE LIMITED |
Director |
25-04-11 |
25-04-11 |
15-11-11 |
Active |
NO |
|
13 |
U70101MH2011PTC218725 |
SRL
JODHPUR BUILDCON PRIVATE LIMITED |
Additional
director |
01-09-12 |
01-09-12 |
- |
Active |
NO |
|
Name : |
Mr. Natwar Hariprasad Agrawal |
|
Designation : |
Director |
|
Address : |
B – 602, Avon Majesty, |
|
Date of Birth/Age : |
01.07.1969 |
|
Date of Appointment : |
15.01.2004 |
|
Date of Cessation : |
06.02.2013 |
|
DIN No.: |
00022752 |
KEY EXECUTIVES
|
Name : |
Mr. Sukla |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sunil Hariprasad Agrawal |
178199 |
|
Rajesh C Shah |
1 |
|
AB and CO Corporate Services Limited, |
432000 |
|
Madanmohan N Bansal |
40000 |
|
Bipin N. Patel |
100000 |
|
Hariprasad Agrawal |
430000 |
|
Natwar Hariprasad Agrawal |
100000 |
|
TOTAL
|
1280200 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
33.74 |
|
Directors or relatives of Directors |
55.32 |
|
Other top fifty shareholders |
10.94 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce, Fort Branch, 67 Sonawala
Building, Bombay Samachar Marg, Fort, Mumbai – 400001, Maharashtra,
India ·
HDFC Bank ·
Union Bank of India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yuvraj Singh and Associates Chartered Accountants |
|
Address : |
30, Gopal Bhuvan, 2nd Floor, |
|
PAN No.: |
ADOPR7558P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1280200 |
Equity Shares |
Rs.10/- each |
Rs. 12.802
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12.802 |
12.802 |
|
(b) Reserves & Surplus |
|
11.889 |
10.685 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2.500 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.480 |
1.600 |
|
(b) Deferred tax liabilities (Net) |
|
0.002 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
29.669 |
26.422 |
|
(b) Trade payables |
|
16.391 |
16.615 |
|
(c) Other current
liabilities |
|
3.337 |
0.680 |
|
(d) Short-term provisions |
|
0.695 |
0.702 |
|
TOTAL |
|
78.765 |
69.506 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.089 |
0.083 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
6.000 |
5.000 |
|
(b) Inventories |
|
1.977 |
3.203 |
|
(c) Trade receivables |
|
33.804 |
24.190 |
|
(d) Cash and cash
equivalents |
|
0.300 |
1.774 |
|
(e) Short-term loans
and advances |
|
21.383 |
35.226 |
|
(f) Other current
assets |
|
15.212 |
0.030 |
|
TOTAL |
|
78.765 |
69.506 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.802 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
9.605 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.407 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.135 |
|
|
TOTAL BORROWING |
|
|
0.135 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.542 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.074 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
7.450 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.494
|
|
|
Sundry Debtors |
|
|
14.106
|
|
|
Cash & Bank Balances |
|
|
1.018
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.448
|
|
Total
Current Assets |
|
|
16.066 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.644
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
0.404
|
|
Total
Current Liabilities |
|
|
1.048 |
|
|
Net Current Assets |
|
|
15.018
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.542 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
410.096 |
289.149 |
219.326 |
|
|
|
Other Income |
NA |
2.218 |
0.374 |
|
|
|
TOTAL |
NA
|
291.367 |
219.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
398.147 |
287.369 |
217.736 |
|
|
|
Other Expenses |
NA |
2.426 |
0.884 |
|
|
|
TOTAL |
NA
|
289.795 |
218.620 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
1.572 |
1.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.492 |
0.334 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.204 |
1.080 |
0.746 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.94 |
0.84 |
0.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.37 |
0.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.54 |
0.49
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.26 |
6.72
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.15
|
1.19 |
0.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57
|
1.56 |
15.33
|
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
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Loan From Others |
|
|
|
Chetan Mehta |
0.180 |
0.500 |
|
Lakshman Tools Private Limited |
0.000 |
0.600 |
|
Enrich Real Estates Private Limited |
0.800 |
0.000 |
|
Natwar Agarwal |
0.500 |
0.500 |
|
|
|
|
|
TOTAL |
1.480 |
1.600 |
FORM 8
|
Corporate identity number of the company |
U72900MH2000PTC160206 |
|
Name of the company |
ENRICH
ENTERPRISES PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
30, Gopal
Bhuvan, 2nd Floor, 199 Princess Street, Mumbai – 400002,
Maharashtra, India Email: natwar.yuvraj@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge holder |
Oriental Bank of
Commerce, Fort Branch, 67 Sonawala Building, Bombay Samachar Marg, Fort,
Mumbai – 400001, Maharashtra, India Email: emailroc@rediffmail.com
|
|
Nature of instrument creating charge |
Agreement of
Hypothecation of Assets |
|
Date of instrument Creating the charge |
13.08.2011 |
|
Amount secured by the charge |
Rs.30.000
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest @ 14.75% p.a or such other rate as agreed between the
borrower company and the bank from time to time. Penal interest @ 2% p.a over
and above the normal int. rate in case of default. Terms of Repayment Repayment, as agreed between the borrower company and the bank from
time to time. Margin Margin @ 25 %, or such other rate as agreed between the borrower
company and the bank from time to time. Extent and Operation of the charge At the request of the borrower company, the bank has sanctioned Cash
Credit limit of Rs.30.000 Millions [Sub-limit Letter of Credit
(Inland/Foreign) Rs.25.000 Millions] against Hypothecation of Stocks and Book
Debts. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Hypothecation of
Stocks and Book Debts. |
FIXED ASSETS
·
Computer Systems
·
Furniture and Fixtures
·
Printer
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. 58.27 |
|
|
1 |
Rs. 91.15 |
|
Euro |
1 |
Rs. 77.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
30 |
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.