1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ANOOPAM INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Anoop Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Sumitra Gupta |
|
|
|
Registration # |
55-044911 |
|
Street Address |
Stall No. 6, Shopping Cebtre, F-Block, Mansarover Garden, New Delhi -
110015 |
||
|
Established Date |
08.07.1991 |
SIC Code |
-- |
|
Telephone# |
91-11-32947910 |
Business Style 1 |
Dealers |
|
Fax # |
Not Available |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Engineering Plastics |
|
|
# of employees |
Not Available |
Product Name 2 |
Raw materials |
|
Paid up capital |
Rs. 9,000,000/- |
Product Name 3 |
Pigments |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Yes Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Enterprises over key management personnel exercises control : |
-- |
Taj Plastic Udyog Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
78,884,000 |
Current Liabilities |
99,747,000 |
|
Inventories |
67,555,000 |
Long-term Liabilities |
33,202,000 |
|
Fixed Assets |
1,870,000 |
Other Liabilities |
2,902,000 |
|
Deferred Assets |
124,000 |
Total Liabilities |
135,851,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
3,582,000 |
|
|
|
Net Worth |
12,582,000 |
|
Total Assets |
148,433,000 |
Total Liab. & Equity |
148,433,000 |
|
Total Assets (Previous Year) |
127,012,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
382,935,000 |
Net Profit |
3,161,000 |
|
Sales(Previous yr) |
399,329,000 |
Net Profit(Prev.yr) |
2,624,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANOOPAM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Stall No. 6, Shopping Cebtre, F-Block, Mansarover Garden, New Delhi -
110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-044911 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1991PTC044911 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA0640F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealers and Importer of Engineering Plastics, Raw materials, Pigments
and Master Batches. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
Profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with slight
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 – 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.
LOCATIONS
|
Registered /Head Office: |
Stall No. 6, Shopping Cebtre, F-Block, Mansarover Garden, New Delhi –
110015, India |
|
Tel. No.: |
91-11-32947910 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
11-15 (Basement), Sector 1, DSIIDC Industrial Area, Bawana, New Delhi
- 110015, India |
|
Tel. No.: |
91-11-32947910 |
|
|
|
|
Haryana Office : |
Plot No. 1, II Galli, Rao Bhagat
Market, Sarhaul Village, Sector 18, (Opposite Siemens), Gurgaon, Haryana,
India |
|
Tel. No.: |
91-124-4278060 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anoop Gupta |
|
Designation : |
Director |
|
Address : |
F-94, Mansarover Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
27.12.1972 |
|
Date of Appointment : |
08.07.1991 |
|
DIN No.: |
02031955 |
|
|
|
|
Name : |
Mrs. Sumitra Gupta |
|
Designation : |
Director |
|
Address : |
F-94, Mansarover Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
02.10.1954 |
|
Date of Appointment : |
08.07.1991 |
|
DIN No.: |
02366295 |
|
|
|
|
Name : |
Mr. Manuj Gupta |
|
Designation : |
Director |
|
Address : |
F-94, Mansarover Garden, New Delhi – 110015, India |
|
Date of Appointment : |
24.12.2011 |
|
DIN No.: |
02668076 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
M K Gupta |
|
10818 |
|
Mamta Gupta |
|
10800 |
|
Manuj Gupta |
|
3258 |
|
Anoop Gupta |
|
42588 |
|
Sumitra Gupta |
|
22518 |
|
Madhwika Gupta |
|
18 |
|
|
|
|
|
Total |
|
90000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers and Importer of Engineering Plastics, Raw materials, Pigments
and Master Batches. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Ø Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road,
Worli, Mumbai - 400018, Maharashtra, India Ø The Jammu and
Kashmir Bank Limited, Sadar Bazar Branch, Sadar Bazar, Delhi - 110006, India Ø HDFC Bank
Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Sachdeva and Company Chartered Accountants |
|
Address : |
337-338, Somdutt Chamber II, Bhikaji Cama Place, New Delhi – 110066,
India |
|
Tel. No.: |
91-11-26715301-02 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG3767G |
|
|
|
|
Enterprises over
key management personnel exercises control : |
Ø Taj Plastic
Udyog Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.000
Millions |
|
|
|
|
|
Reconciliation of the shares outstanding at the beginning and at the end
of the reporting period
|
Class -Equity shares of Rs. 100 each fully paid up |
31.03.2012 |
|
|
|
Number |
Rs. in millions |
|
Shares outstanding at the beginning of the period |
50,000.00 |
5.000 |
|
Add: Shares issued by way of bonus shares during the year |
40,000.00 |
4.000 |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the period |
90,000.00 |
9.000 |
Terms and rights attached
to equity shares
The company has
only one class of equity shares having a par value of Rs. 100 per share. Each
holder of equity share is entitled to one vote per share. The company declares
and pays dividends in Indian rupees.
Details of Shareholders holding more than 5% shares in the company
|
Class -Equity shares of Rs. 100 each fully paid up |
31.03.2012 |
|
|
Shareholders |
Number |
% in holding |
|
Anoop Gupta |
42,588.00 |
47.32% |
|
Sumitra Gupta |
22,518.00 |
25.02% |
|
M.K. Gupta |
10,818.00 |
12.02% |
|
Mamta Gupta |
10,800.00 |
12.00% |
Aggregate number of bonus shares issued for the period of 5 years
immediately preceding the Balance Sheet date:
|
Class -Equity shares of Rs. 100 each fully paid up |
Aggregate number
of shares |
|
|
|
31.03.2012 |
31.03.2011 |
|
Fully paid up equity shares by way of capitialisation of Reserves or
surplus |
40,000.00 |
-- |
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 |
9.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.210 |
|
|
3] Reserves & Surplus |
3.582 |
4.421 |
1.797 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.582 |
9.421 |
7.007 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.421 |
28.088 |
0.000 |
|
|
2] Unsecured Loans |
25.781 |
19.271 |
15.235 |
|
|
TOTAL BORROWING |
33.202 |
47.359 |
15.235 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.784 |
56.780 |
22.242 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.870 |
1.761 |
0.803 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.124 |
0.108 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
67.555
|
62.521 |
28.266 |
|
|
Sundry Debtors |
58.832
|
42.096 |
29.114 |
|
|
Cash & Bank Balances |
0.201
|
0.910 |
6.185 |
|
|
Other Current Assets |
10.814
|
11.541 |
8.206 |
|
|
Loans & Advances |
9.037
|
8.075 |
3.156 |
|
Total
Current Assets |
146.439
|
125.143 |
74.927 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
92.268
|
65.710 |
31.269 |
|
|
Other Current Liabilities |
7.479
|
3.172 |
21.503 |
|
|
Provisions |
2.902
|
1.350 |
0.716 |
|
Total
Current Liabilities |
102.649
|
70.232 |
53.488 |
|
|
Net Current Assets |
43.790
|
54.911 |
21.439 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.784 |
56.780 |
22.242 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
382.935 |
399.329 |
243.408 |
|
|
|
Other Income |
0.202 |
0.126 |
N.A. |
|
|
|
TOTAL (A) |
383.137 |
399.455 |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
332.260 |
|
|
|
|
|
Changes in inventories of finished goods, work in progress and
stock-in-trade |
8.837 |
(34.256) |
|
|
|
|
Employee Benefit Expenses |
4.535 |
3.889 |
|
|
|
|
Other Expenses |
29.107 |
39.395 |
|
|
|
|
TOTAL (B) |
374.739 |
392.018 |
N.A. |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.398 |
7.437 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.291 |
2.944 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.107 |
4.493 |
2.382 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.410 |
0.546 |
0.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.697 |
3.947 |
2.114 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.536 |
1.323 |
0.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.161 |
2.624 |
1.398 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
130.937 |
128.109 |
N.A. |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.12 |
52.49 |
27.96 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.83
|
0.66 |
N.A. |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.23
|
0.99 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.17
|
2.17 |
2.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.42 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.64
|
5.03 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.78 |
1.40 |
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 |
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 |
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 |
Note: The registered
address of the company has been shifted from F-333, Mansarover Garden, New
Delhi, India to the present w.e.f.19.03.2009
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
- Loans and advances from Directors and their relatives |
|
|
|
Anoop Gupta |
1.878 |
0.886 |
|
Sumitra Gupta |
1.350 |
0.650 |
|
M.K. Gupta HUF |
0.141 |
0.130 |
|
Parul Bansal |
0.018 |
0.018 |
|
- Loans and advances from shareholders |
|
|
|
Madhiwka Gupta |
0.488 |
0.481 |
|
Manuj Gupta |
0.712 |
0.412 |
|
Mamta Gupta |
0.038 |
0.038 |
|
M.K. Gupta |
0.038 |
0.038 |
|
- Loans and advances from others |
|
|
|
Balbir Singh |
0.018 |
0.018 |
|
- Intercorporate loans |
|
|
|
Jagruti Resins Private Limited |
21.100 |
16.600 |
|
Total |
25.781 |
19.271 |
FIXED ASSETS:
Ø Furniture and
fixture
Ø Generator
Ø Computer A/c
Ø Fan
Ø Vehicles
Ø Office Equipment
Ø Refrigerator
Ø Cellular Phone
Ø Fire Equipment
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. 54.48 |
|
|
1 |
Rs. 82.72 |
|
Euro |
1 |
Rs. 71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.