1. Summary Information
|
|
|
Country |
|
|
Company Name |
NCC TELECOM PRIVATE LIMITED |
Principal Name 1 |
MR. PINAKIN KANTILAL AJMERA |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. MAYUR SHIVLAL MEHTA |
|
|
|
Registration # |
11-138305 |
|
Street Address |
329/A, VIRVANI
INDUSTRIAL ESTATE, |
||
|
Established Date |
18.12.2002 |
SIC Code |
-- |
|
Telephone# |
91-22-28766516/
28766517 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-22-28766604 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
SECURITY SYSTEM |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.286,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
HDFC BANK
LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
11 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (43) |
|
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 |
28,610,000 |
Current Liabilities |
18,205,000 |
|
Inventories |
4,863,000 |
Long-term Liabilities |
2,681,000 |
|
Fixed Assets |
1,326,000 |
Other Liabilities |
4,762,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
25,648,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
8,870,000 |
|
|
|
Net Worth |
9,156,000 |
|
Total Assets |
34,804,000 |
Total Liab. & Equity |
34,804,000 |
|
Total Assets (Previous Year) |
23,622,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
36,181,000 |
Net Profit |
1,215,000 |
|
Total Income (Previous yr) |
26,803,000 |
Net Profit(Prev.yr) |
(462,000) |
MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NCC TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
329/A, Virvani Industrial
Estate, Western Express Highway, Goregaon (East), Mumbai – 400 063,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138305 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.286
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32100MH2002PTC138305 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Integrated solution provider in
the area of security system and installation of it. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 37000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Company has achieved better growth in its profitability during 2012. Trade relations are improving. Business is active. Payment terms are
slow but correct. 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 – 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.
LOCATIONS
|
Registered Office/ Factory : |
329/A, Virvani
Industrial Estate, Western Express Highway, Goregaon (East), Mumbai – 400
063, Maharashtra, India |
|
Tel. / Fax No.: |
91-22-28766516/
28766517 |
|
Fax No.: |
91-22-28766604 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Pinakin Kantilal Ajmera |
|
Designation : |
Managing Director |
|
Address : |
402, Labh Shrishti, Vallabhbhai Lane, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1967 |
|
Date of Appointment : |
18.12.2002 |
|
DIN No.: |
00842455 |
|
|
|
|
Name : |
Mr. Mayur Shivlal Mehta |
|
Designation : |
Director |
|
Address : |
209, Modi Apartment, L.T. Road, Dahisar (East), Mumbai – 400 068,
Maharashtra, India |
|
Date of Birth/Age : |
07.07.1962 |
|
Date of Appointment : |
18.12.2002 |
|
DIN No.: |
00842580 |
|
|
|
|
Name : |
Mr. Atul Shivlal Mehta |
|
Designation : |
Director |
|
Address : |
209, Modi Apartment, L.T. Road, Dahisar (East), Mumbai – 400 068,
Maharashtra, India |
|
Date of Birth/Age : |
20.02.1960 |
|
Date of Appointment : |
31.10.2003 |
|
DIN No.: |
00842542 |
|
|
|
|
Name : |
Mr. Jatin Kantilal Ajmera |
|
Designation : |
Director |
|
Address : |
307, Beena Apartment, N.S. Road No. 7, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1961 |
|
Date of Appointment : |
31.08.2005 |
|
DIN No.: |
00947265 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pinakin Ajmera |
|
8000 |
|
Mayur S. Mehta |
|
7900 |
|
Atul S. Mehta |
|
1500 |
|
Jatin K. Ajmera |
|
50 |
|
Kalpana A. Mehta |
|
1650 |
|
Sonia M. Mehta |
|
3250 |
|
Dhara P. Ajmera |
|
2050 |
|
Mayur K. Ajmera |
|
50 |
|
Sejal M. Ajmera |
|
2050 |
|
Kantilal Ajmera |
|
50 |
|
Usha J. Ajmera |
|
2050 |
|
Total
|
|
28600 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Integrated solution provider in
the area of security system and installation of it. |
|
|
|
|
Products : |
EPABX and Intercom System |
PRODUCTION STATUS [AS ON 31.03.2011]
Licence and installed capacity (as certified by the management)
Class of goods: EPABX; Intercom and Communication systems
Installed Capacity of Utensils Not Applicable
Licence Capacity Not Applicable
|
Particulars |
Unit |
Actual
Production |
|
Intercom |
Nos. |
23370 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
HDFC Bank Limited,
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013,
Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mihir S. Shah and Associates Chartered Accountants |
|
Address : |
B-103, Haridham, R.K. Singh Marg, Andheri (East), Mumbai – 400 069,
Maharashtra, India |
|
PAN No: |
ADUPS8115M |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
Equity Shares |
Rs.10/- each |
Rs.0.286 million |
|
|
|
|
|
|
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 |
|
0.286 |
0.286 |
|
(b) Reserves & Surplus |
|
8.870 |
7.655 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
9.156 |
7.941 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.022 |
0.011 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.022 |
0.011 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2.681 |
2.605 |
|
(b)
Trade payables |
|
11.362 |
3.851 |
|
(c)
Other current liabilities |
|
6.843 |
5.373 |
|
(d) Short-term
provisions |
|
4.740 |
3.841 |
|
Total Current
Liabilities (4) |
|
25.626 |
15.670 |
|
|
|
|
|
|
TOTAL |
|
34.804 |
23.622 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.326 |
1.419 |
|
(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 |
|
Total Non-Current
Assets |
|
1.326 |
1.419 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.005 |
0.005 |
|
(b)
Inventories |
|
4.863 |
4.816 |
|
(c)
Trade receivables |
|
15.657 |
6.450 |
|
(d) Cash
and cash equivalents |
|
8.350 |
6.571 |
|
(e)
Short-term loans and advances |
|
4.603 |
4.361 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
33.478 |
22.203 |
|
|
|
|
|
|
TOTAL |
|
34.804 |
23.622 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.286 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8.117 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
8.403 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.405 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.639 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.005 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.217 |
|
|
Sundry Debtors |
|
|
2.614 |
|
|
Cash & Bank Balances |
|
|
4.580 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.727 |
|
Total
Current Assets |
|
|
15.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.077 |
|
|
Other Current Liabilities |
|
|
3.484 |
|
|
Provisions |
|
|
3.816 |
|
Total
Current Liabilities |
|
|
8.377 |
|
|
Net Current Assets |
|
|
6.761 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.405 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
36.181 |
26.803 |
25.269 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
36.181 |
26.803 |
25.269 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
26.981 |
19.934 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
34.147 |
26.981 |
19.934 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.034 |
(0.178) |
5.335 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.258 |
0.275 |
0.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.776 |
(0.453) |
5.004 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.561 |
0.009 |
0.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.215 |
(0.462) |
4.173 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
0.986 |
1.448 |
4.551 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.121 |
0.000 |
0.417 |
|
|
|
Dividend (Including Tax on it) |
0.000 |
0.000 |
6.859 |
|
|
BALANCE CARRIED
TO THE B/S |
2.080 |
0.986 |
1.448 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
3.361 |
5.185 |
|
|
TOTAL IMPORTS |
NA |
3.361 |
5.185 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
42.48 |
(16.15) |
145.91 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.36
|
(1.69) |
16.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.10
|
(1.92) |
29.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
(0.06) |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29
|
0.33 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.42 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
OPERATIONS:
The operations during
the year, has resulted in a Net Profit of Rs.1.217 millions after providing for
depreciation and Income Tax and appropriations. The same has been added to the
profits of earlier year and balance has been carried forward to next year’s
account.
FIXED ASSETS:
·
Factory Premises
·
Plant and Machinery
·
Computer
·
Furniture and Fixtures
·
Office Equipments
·
Electrical Installation
·
Air Conditioner
·
Motor Car
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 records 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.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.