|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUNARMECH TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-7, Ground Floor, Hauz Khas, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.2009 |
|
|
|
|
Com. Reg. No.: |
55-190619 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2009PTC190619 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL04256A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL6151H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Closures |
|
|
|
|
No. of Employees
: |
45 (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 85000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of ‘Angelica Technologies Private Limited’. It
is an established company having a moderate track record. The company has wiped off its accumulated losses during 2012 by the
profits earned. The external borrowings of the company appear to be huge causing a
threat to the company’s liquidity. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with great
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) |
|
|
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.
LOCATIONS
|
Registered Office : |
F-7, Ground Floor, Hauz Khas, |
|
Tel. No.: |
91-11-4389500 / 28655149 |
|
Mobile No.: |
91-9899000505 (Mr. V. Datta) |
|
E-Mail : |
|
|
|
|
|
Factory : |
C-14, Phase II Extension Hosiery Complex, Noida – 201305, |
|
Tel. No.: |
91-120-4389511 / 120-4389500 |
|
Fax No.: |
91-120-4389516 |
DIRECTORS
As on 08.08.2012
|
Name : |
Mr. Vivek Gupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
F-7, Ground Floor, Hauz Khas, |
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|
Date of Birth/Age : |
04.10.1963 |
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|
Date of Appointment : |
01.04.2011 |
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DIN No.: |
00061354 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shubh Gautam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
A 104, Sector 40, Gautam Buda Nagar, Noida – 201301, |
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|
Date of Birth/Age : |
20.05.1968 |
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|
Date of Appointment : |
30.09.2011 |
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|
DIN No.: |
00118539 |
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Other Directorship:
|
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendraprasad Bhagwantrai Indra |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Lajwati Bhavan, Plot No. 9, N. S. Road No. 8, J.V.P.D. Scheme, Mumbai
– 400049, |
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|
Date of Birth/Age : |
23.06.1951 |
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|
Date of Appointment : |
26.05.2009 |
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|
DIN No.: |
02035823 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. V. K. Datta |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS
As on 28.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Gupta |
|
5000 |
|
Rajendraprasad Bhagwatrai Jindal |
|
5000 |
|
Shalini Gupta |
|
10 |
|
Vivek Gupta (HUF) |
|
10 |
|
Lunarmech Investments and Holdings, India |
|
250000 |
|
Angelica Technologies Private Limited, |
|
739980 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 08.08.2012
|
Category |
Percentage |
|
Bodies corporate |
99.00 |
|
Directors or relatives of Directors |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Closures |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
PP Closures |
Pcs |
475200000 |
346478383 |
GENERAL INFORMATION
|
No. of Employees : |
45 (approximately) |
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Bankers : |
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Facilities : |
Rs.
In Millions
a)
The Term Loan are repayable in
installments us per
the terms of respective agreements exempt the- loan from Indusind Bank, which
is repayable as bullet payment. b)
There has been no default in installment
of any of the loans or interest thereon as at the end of the year. c)
The Term Loan from
HDFC Bank is secured by exclusive charge on entire current assets and movable
fixed assets of the company and corporate guarantee
of one of the group companies. d)
The term loan from Indusind Bank
is secured against first Pari passu
charge over current assets and movable fixed assets and corporate guarantee
of one of the group companies. e)
The term loan from Sacmi Hongkong
Limited is secured against the promissory notes accepted by the company. f) The term loans are repayable in installments as per the terms of the respective agreements. The Loan wise details of installment and rate of interest is as follows:
a)
The short term loans are repayable on different
date within next four months. b) There has been no default on the balance sheet date
in repayment of loan and interest. c) The loan taken from HDFC Bank is secured by exclusive charge on entire current and movable fixed assets of the company and corporate guarantee of one of the group companies. d)
Loan
taken from Indusind Bank is secured against first pari passu charge over
assets and movable fixed assets and corporate guarantee of one of the group
companies. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
O. P Bagla and Company Chartered Accountant |
|
Address : |
8/12, Kakkaji Extension, |
|
Tel. No.: |
91-11-26436190/26412939/26239913 |
|
Fax No.: |
91-11-26239912 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAAFO1030A |
|
|
|
|
Holding Company : |
Angelica Technologies Private Limited |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 08.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 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 |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
10.620 |
(0.503) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
133.392 |
105.465 |
|
(b) Deferred tax liabilities (Net) |
|
8.559 |
2.826 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
123.363 |
57.796 |
|
(b) Trade payables |
|
15.881 |
13.738 |
|
(c) Other current
liabilities |
|
59.687 |
47.685 |
|
(d) Short-term provisions |
|
3.655 |
0.856 |
|
TOTAL |
|
365.157 |
237.863 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
198.302 |
136.684 |
|
(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 |
|
1.495 |
0.444 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
67.446 |
57.723 |
|
(c) Trade receivables |
|
24.283 |
6.611 |
|
(d) Cash and cash
equivalents |
|
12.122 |
9.497 |
|
(e) Short-term loans and
advances |
|
60.087 |
25.805 |
|
(f) Other current assets |
|
1.422 |
1.099 |
|
TOTAL |
|
365.157 |
237.863 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(1.953) |
|
|
NETWORTH |
|
|
(1.853) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
136.709 |
|
|
2] Unsecured Loans |
|
|
59.999 |
|
|
TOTAL BORROWING |
|
|
196.708 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
194.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
146.616 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.800 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
21.749 |
|
|
Sundry Debtors |
|
|
6.432 |
|
|
Cash & Bank Balances |
|
|
0.441 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
22.767 |
|
Total
Current Assets |
|
|
51.389 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3.640 |
|
|
Other Current Liabilities |
|
|
0.334 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
3.974 |
|
|
Net Current Assets |
|
|
47.415 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
194.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME |
261.449 |
163.342 |
9.707 |
|
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
244.518 |
158.266 |
12.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX |
16.931 |
5.076 |
(2.753) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.808 |
3.626 |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.123 |
1.450 |
(1.953) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.503) |
(1.953) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.620 |
(0.503) |
(1.953) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
2.297 |
21.202 |
0.000 |
|
|
TOTAL EARNINGS |
2.297 |
21.202 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
121.070 |
100.703 |
19.977 |
|
|
|
Capital Goods |
70.857 |
4.105 |
28.179 |
|
|
TOTAL IMPORTS |
191.927 |
104.808 |
48.156 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.12 |
1.62 |
(229.80) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.25
|
0.89 |
2.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.64
|
2.13 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.82
|
0.53 |
(1.49) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
12.45
|
17.19 |
(106.16) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82
|
0.84 |
12.93 |
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 |
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Rupee Loans |
|
|
|
From Related
parties |
37.450 |
44.450 |
|
From Others |
12.550 |
5.550 |
|
Total |
50.000 |
50.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U72900DL2009PTC190619 |
|
Name of the company |
Lunarmech Technologies Private limited |
|
Address of the registered office or of the principal place of business in |
F-7, Ground Floor, Hauz Khas, Email ID: gautam.seth@rjcorp.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10308207 |
|
Type of charge |
Book debts Movable property (not being pledge) Others (1st pari passu charge over current assets and movable fixed
assets) |
|
Particular of charge holder |
Indusind Bank Limited, Dr. Gopal |
|
Nature of instrument creating charge |
Supplemental deed of hypothecation by the borrower. |
|
Date of instrument Creating the charge |
29.10.2012 |
|
Amount secured by the charge |
Rs. 247.200 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Interest as per bank norms. Terms of Repayment Payable on demand. Margin Margin as per bank norms. Extent and Operation of the charge Pari passu charge. Others The above is to secure fund based and non fund based limit of Rs.
247.200 Millions. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation by way of first pari passu charge over all present and
future current assets including its stock, book debts and entire plant and
machinery and other movable fixed assets stored or to be stored at company's
godowns or premises or wherever else the same may be. |
|
Date of instrument modifying the charge |
04.06.2012 |
|
Particulars of the present modification |
Bank's first pari passu charge over all present and future current
assets including its stock, book debts and entire plant and machinery and other
movable fixed assets stored or to be
stored at company's godowns or premises or wherever else the same may be,
already regd. for Rs. 104.000 Millions shall stand enhanced to Rs. 247.200
Millions. |
FIXED ASSETS:
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. 59.35 |
|
|
1 |
Rs. 92.11 |
|
Euro |
1 |
Rs. 78.59 |
INFORMATION DETAILS
|
Report Prepared by
: |
VNT |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.