1. Summary Information
|
|
|
Country |
India |
|
Company Name |
G M TECHNOCHEM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Gian Chand Harbhajanka |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Ritu Gupta |
|
|
|
Registration # |
55-099825 |
|
Street Address |
Plot No. 5 Lane No.9, Shalimar Village, New Delhi – 110088, India |
||
|
Established Date |
19.05.1999 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Import |
|
Homepage |
Not Available |
Product Name 1 |
Plastic Granules |
|
# of employees |
Not Available |
Product Name 2 |
Chemicals |
|
Paid up capital |
Rs.641,000/- |
Product Name 3 |
Dyes |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
ING
Vysya Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Concern in which relatives of key management
personal are interested : |
-- |
Manya International |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
36,511,000 |
Current Liabilities |
30,774,000 |
|
Inventories |
12,913,000 |
Long-term Liabilities |
15,982,000
|
|
Fixed Assets |
1,619,000 |
Other Liabilities |
117,000 |
|
Deferred Assets |
7,000 |
Total Liabilities |
46,873,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
3,536,000 |
|
|
|
Net Worth |
4,177,000 |
|
Total Assets |
51,050,000 |
Total Liab. & Equity |
51,050,000 |
|
Total Assets (Previous Year) |
42,696,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
112,559,000 |
Net Profit |
254,000 |
|
Total Income (Previous yr) |
86,407,000 |
Net Profit(Prev.yr) |
222,000 |
MIRA INFORM
REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
G M TECHNOCHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 5 Lane No.9, Shalimar Village, New Delhi – 110088 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.05.1999 |
|
|
|
|
Com. Reg. No.: |
55-099825 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.641 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1999PTC099825 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To carry on the business of manufacturer, process, buy, sell, import,
export or otherwise deal in all kinds of plastic granules and raw materials,
chemicals, dyes, colours and pigments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 16000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profit
margin of the company appears to be low. The company has also recorded huge
external borrowing which seems to be increasing over years. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
NSIC ICRA |
|
Rating |
SE4B |
|
Rating Explanation |
Weak performance capability and moderate
financial strength. |
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 : |
Plot No. 5 Lane No.9, Shalimar Village, New Delhi –
110088, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Gian Chand Harbhajanka |
|
Designation : |
Managing Director |
|
Address : |
House No. 397, Block-C, Saraswati Vihar, Pitampura, Delhi – 110034,
India |
|
Date of Appointment : |
19.05.1999 |
|
DIN No.: |
00933182 |
|
|
|
|
Name : |
Mrs. Ritu Gupta |
|
Designation : |
Director |
|
Address : |
House No. 397, Block-C, Saraswati Vihar, Pitampura, Delhi – 110034,
India |
|
Date of Appointment : |
26.05.2000 |
|
DIN No.: |
00933112 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gian Chand Harbhajanka |
|
18334 |
|
Ritu Gupta |
|
43572 |
|
Vasu Gupta |
|
2246 |
|
|
|
|
|
Total |
|
64152 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of manufacturer, process, buy, sell, import, export
or otherwise deal in all kinds of plastic granules and raw materials,
chemicals, dyes, colours and pigments. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· ING Vysya Bank Limited, 55, West Avenue Road, Punjabi Bagh, New Delhi - 110026, India ·
Standard Chartered Bank Limited · State Bank Bikaner and Jaipur |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Notes: ·
Term Loan from Bajaj Finserv to the extent of
Rs.1.444 Millions is secured by personal guarantee of whole time directors of
the company ·
Term loan from
Standard Chartered Bank Limited to the extent of Rs. 1.620 Millions is
secured by personal guarantee of whole time directors of the company ·
Cash Credit limit from State Bank Bikaner and
Jaipur to extent of Rs. Nil was secured by equitable Mortgaged of Property
A-190, Sector-63, Gautam Budh Nagar, Noida, Uttar Pradesh. ·
Cash credit limited from ING Vysya Bank Limited
to the extent of Rs.10.097 Millions is secured by equitable Mortgaged of
Property A-190, Sector-63, Gautam Budh Nagar, Noida, Uttar Pradesh. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Salil Gupta and Associates Chartered Accountants |
|
Address : |
4352-54 Street No.4c, Ansari Road, Darya Ganj, New Delhi – 110002,
India |
|
Tel. No.: |
91-11-23245333/ 43521677 |
|
Fax No.: |
91-11-23271905 |
|
E-Mail : |
|
|
PAN No.: |
AADPG2025N |
|
|
|
|
Concern in which relatives of key management personal are interested : |
Manya International |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64152 |
Equity Shares |
Rs.10/- each |
Rs.0.641
Million |
|
|
|
|
|
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 |
0.641 |
0.641 |
0.641 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.536 |
3.282 |
3.060 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.177 |
3.923 |
3.701 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.160 |
5.982 |
5.868 |
|
|
2] Unsecured Loans |
2.822 |
5.248 |
6.042 |
|
|
TOTAL BORROWING |
15.982 |
11.230 |
11.910 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.159 |
15.153 |
15.611 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.619 |
1.777 |
1.960 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.007 |
0.008 |
0.008 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.913
|
10.034 |
9.091 |
|
|
Sundry Debtors |
32.580
|
28.376 |
23.045 |
|
|
Cash & Bank Balances |
2.604
|
1.212 |
0.031 |
|
|
Other Current Assets |
1.128
|
1.098 |
2.614 |
|
|
Other Non Current Assets |
0.002
|
0.003 |
0.000 |
|
|
Loans & Advances |
0.197
|
0.188 |
0.000 |
|
Total
Current Assets |
49.424
|
40.911 |
34.781 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.148
|
25.524 |
20.715 |
|
|
Other Current Liabilities |
0.626
|
1.917 |
0.344 |
|
|
Provisions |
0.117
|
0.102 |
0.089 |
|
Total
Current Liabilities |
30.891
|
27.543 |
21.148 |
|
|
Net Current Assets |
18.533
|
13.368 |
13.633 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
20.159 |
15.153 |
15.611 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Receipt |
112.559 |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA
|
86.407 |
69.274 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
86.082 |
69.001 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.325 |
0.273 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.103 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.254 |
0.222 |
0.185 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
40.120 |
26.019 |
15.187 |
|
|
TOTAL IMPORTS |
40.120 |
26.019 |
15.187 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.96 |
3.46 |
2.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
0.26 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
0.76 |
0.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.08 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.83 |
2.86 |
3.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.49 |
1.64 |
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 |
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 |
Yes |
Unsecured Loan
(Rs. In millions)
|
|
As on 31.03.2012 |
As on 31.03.2011 |
|
From Directors and Shareholders
|
2.822 |
5.248 |
|
|
|
|
|
Total |
2.822 |
5.248 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U74899DL1999PTC099825 |
|
Name of the
company |
G M TECHNOCHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot No. 5 Lane No.9, Shalimar Village, New Delhi – 110088, India E-mail: sga2007@gmail.com
|
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10298193 |
|
Type of charge |
·
Book
debts ·
Floating
charge ·
Others
(Hypothecation on Stocks) |
|
Particular of
charge holder |
ING Vysya Bank Limited, 55, West Avenue Road, Punjabi Bagh, New Delhi - 110026, India E-mail: roc.charge@gmail.com |
|
Nature of
instrument creating charge |
Supplemental
facility cum hypothecation agreement |
|
Date of
instrument Creating the charge |
01.08.2012 |
|
Amount secured by
the charge |
Rs.45.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC :
IVBR + 2.80% p.a. (Present IVBR+10.45%) LC :
Commission 1.00% p.a. BC :
100 Bps Terms of
Repayment CC :
Payable on demand Margin OD-SIT/BD : 25% on stock and 25% on book debts (Not
more than 90 days, Outstanding under LC to be excluded for DP calculation) LC : 15% BCL : 15% Extent and
Operation of the charge OD-SIT/BD limit -
Rs. 10.000 Millions LC limit - Rs. 35.000 Millions BCL (Sub-limit of
LC of Rs.15.000 Millions) Total
Exposure - Rs. 45.000 Millions Exclusive charge
by way of Hypothecation of all Stock and Book Debts both present and future. Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge
by way of Hypothecation of all Stock and Book Debts both present and future. |
|
Date of
instrument modifying the charge |
18.08.2011 |
|
Particulars of
the present modification |
The total limit
enhanced from Rs. 25.000 Millions to Rs. 45.000 Million. |
FIXED ASSETS:
· Computer
· Generator
· Machinery
· Land and Building
· Weign Scale
· Fire Safety Equipment
· EPBX
CMT REPORT (Corruption, Money Laundering and 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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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 and 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.