MIRA
INFORM REPORT
|
Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CADD CENTRE TRAINING SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8th Floor, Gee Gee Crystal, #91, Dr. Radhakrishnan Salai,
Mylapore, Chennai-600004, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.10.1998 |
|
|
|
|
Com. Reg. No.: |
18-041242 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.808 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300TN1998PTC041242 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CHEC02424C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing IT training services to students. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 95000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having a satisfactory track record. The
management have fail to file its latest financials with the government
department. As per previous year’s record, the company performance seems to be
satisfactory. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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 : |
8th Floor, Gee Gee Crystal, #91, Dr. Radhakrishnan Salai,
Mylapore, Chennai-600004, Tamilnadu, India |
|
Tel. No.: |
91-44-45918900 / 65452636 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Chinna Kavanam Ratnam Vaitheeswaran |
|
Designation : |
Director |
|
Address : |
1st Floor, CRV Apartment, #4A, Raghavaiah Road, Lakshman
Street Corner, t Nagar, Chennai-600017, Tamilnadu, India |
|
Date of Birth/Age : |
03.11.1931 |
|
Date of Appointment : |
12.10.1998 |
|
DIN No.: |
00056417 |
|
|
|
|
Name : |
Mr. Chandra Vaitheeswaran |
|
Designation : |
Director |
|
Address : |
1st Floor, CRV Apartment, #4A, Raghavaiah Road, Lakshman Street
Corner, t Nagar, Chennai-600017, Tamilnadu, India |
|
Date of Birth/Age : |
26.10.1933 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00056446 |
|
|
|
|
Name : |
Mr. Sreenivassan Ramaprasad |
|
Designation : |
Director |
|
Address : |
No.5D, Sat Sarovur, #123A, Velacherry Bye Pass Road, Velacherry,
Chennai-600042, Tamilnadu, India |
|
Date of Birth/Age : |
25.07.1966 |
|
Date of Appointment : |
05.10.2004 |
|
DIN No.: |
00056480 |
|
|
|
|
Name : |
Mr. Saravanam Karaiadi Selvam |
|
Designation : |
Managing Director |
|
Address : |
B 91/ New No.5, 5th Main Road, Nolambur, TNHB Plots, J J
Nagar West, Chennai-600037, Tamilnadu, India |
|
Date of Birth/Age : |
24.05.1968 |
|
Date of Appointment : |
12.10.1998 |
|
DIN No.: |
00056528 |
|
|
|
|
Name : |
Mr. Krishnan Viswanathan |
|
Designation : |
Director |
|
Address : |
C-2, 1st Floor, Premier Grhalakshmi Apartment, No.6,
Ramachandra Road, Luz Avenue, Mylapore, Chennai-600004, Tamilnadu, India |
|
Date of Birth/Age : |
30.07.1962 |
|
Date of Appointment : |
05.10.2004 |
|
DIN No.: |
00056581 |
|
|
|
|
Name : |
Mr. Parthasarathy Rangarajan |
|
Designation : |
Director |
|
Address : |
New No.126, Old No.71A, Chambers Road, R A Puram, Chennai-600028,
Tamilnadu, India |
|
Date of Birth/Age : |
07.11.1963 |
|
Date of Appointment : |
12.10.1998 |
|
DIN No.: |
00061226 |
|
|
|
|
Name : |
Ms. Chitra Parthasarathy |
|
Designation : |
Director |
|
Address : |
New No.126, Old No.71A, Chambers Road, R A Puram, Chennai-600028,
Tamilnadu, India |
|
Date of Birth/Age : |
12.04.1968 |
|
Date of Appointment : |
12.10.1998 |
|
DIN No.: |
00061284 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Chinna Kavanam Ratnam Vaitheeswaran |
5075 |
|
Chandra Vaitheeswaran |
200 |
|
Maragathamani |
300 |
|
Sumalhi |
400 |
|
C n Saravanan |
100 |
|
C N Sivakumar |
100 |
|
P M Nandagopal |
100 |
|
R Parthasuathy |
5205 |
|
Chitra Parthasarathy |
1010 |
|
S Ramprasad |
480 |
|
S Karaidiselvan |
4510 |
|
K Viswanathan |
510 |
|
R Padmanabhan |
10 |
|
Ramathirumalai |
10 |
|
S T Rangurajan |
10 |
|
R Jayalakshmi |
10 |
|
S Geetha |
10 |
|
Thirumalai |
10 |
|
Srinivasan |
10 |
|
S Geetha |
10 |
|
Sripriya |
10 |
|
TOTAL
|
18080 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT training services to students. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Citi Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Padmanabhan Ramani Chartered Accountant |
|
Address : |
No.1, Bootha Perumal Steet, Mount Road, Chennai-600002, Tamilnadu,
India |
|
Tel. No.: |
91-80-28520541 |
|
PAN No.: |
AAHPP4702H |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18080 |
Equity Shares |
Rs.100/-
each |
Rs. 1.808
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.808 |
1.808 |
1.808 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.039 |
16.395 |
11.454 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.847 |
18.203 |
13.262 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.668 |
0.976 |
1.255 |
|
|
2] Unsecured Loans |
2.099 |
2.099 |
3.997 |
|
|
TOTAL BORROWING |
2.767 |
3.075 |
5.252 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.614 |
21.278 |
18.514 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.745 |
15.869 |
17.265 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.685
|
0.623 |
0.584 |
|
|
Sundry Debtors |
3.552
|
5.097 |
2.359 |
|
|
Cash & Bank Balances |
20.398
|
22.122 |
16.761 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
36.959
|
30.178 |
29.999 |
|
Total
Current Assets |
61.594
|
58.020 |
49.703 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.961
|
8.349 |
8.447 |
|
|
Other Current Liabilities |
34.764
|
40.462 |
35.950 |
|
|
Provisions |
9.000
|
3.800 |
4.057 |
|
Total
Current Liabilities |
55.725
|
52.611 |
48.454 |
|
|
Net Current Assets |
5.869
|
5.409 |
1.249 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.614 |
21.278 |
18.514 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
198.174 |
152.957 |
41.958 |
|
|
|
Other Income |
7.064 |
6.326 |
99.801 |
|
|
|
TOTAL |
205.238 |
159.283 |
141.759 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
178.908 |
143.847 |
132.012 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.330 |
15.436 |
9.747 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.142 |
6.208 |
6.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
19.188 |
9.228 |
3.384 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.314 |
4.286 |
2.046 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
9.874 |
4.942 |
1.338 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5.514 |
5.917 |
7.239 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
546.00 |
273.00 |
74.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.81
|
3.10 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.68
|
6.03 |
8.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.30
|
12.49 |
5.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.80
|
0.51 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12
|
0.17 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.10 |
1.03 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
From Directors and Their Relatives |
2.050 |
2.050 |
|
Interest Accrued and Due |
0.049 |
0.049 |
|
|
|
|
|
TOTAL |
2.099 |
2.099 |
OPERATIONS
The company had successfully run the business in the areas of AutoCAD
training, consultancy in Auto CAD for the year ended 31.03.2011.
The gross receipts for the year ended 31st March 2011
amounted to Rs. 205.238 Millions.
FIXED ASSETS
·
Plant and Machinery
·
Vehicles
·
Computers
·
Furniture and Fixtures
·
Cycle
·
Software
WEBSITE DETAILS
NEWS
RUNNING A SUCCESSFUL FRANCHISEE MODEL, BY DESIGN
Chennai, Nov. 20:
Running a franchisee-run business is always risk prone. A number of companies
have gone bust because their franchisees did not perform well or did not show
interest in the business.
However, the Chennai-based CADD Training Services has successfully managed
to stay in the business of education training for the last 25 years purely
through the franchisee model.
The Rs 3000.000 Millions company in 1995 had just three franchisees, but
the number has grown to 320 all over India and abroad.
“Our success can only be attributed to our franchisees,” said S.
Karaiadiselvan, Managing Director, CADD Centre Training Services Pvt Ltd, the
training arm of the CADD Centre Group. “Our first franchisee – T.S. Mahalingam
– is still there with us since the inception 24 years ago,” he told Business
Line.
“We can take pride in producing nearly 1,000 entrepreneurs over the years,”
he said. The franchisees provide direct employment to nearly 5,000 people. “Our
centres have successfully trained about seven lakh professionals from diverse
engineering, graphic and management backgrounds,” he said.
Karaiadiselvan said that people need to learn multiple skills in tools such
as Katia, AutoCadd or SolidWorks. Last year, the engineering design outsourcing
market in India was pegged at $12 billion and is expected to reach nearly $40
billion by 2020. Almost every sector requires engineering design (mainly 2D),
he said. “We only impart skill training,” he said.
CADD Centre has presence in major cities and towns across India, Sri Lanka,
Bangladesh, Malaysia, Singapore, Bahrain, Qatar, Oman, Nigeria, Dubai, Sharjah
and Maldives. The company charges a fixed consulting fee, and it is up to
franchisees to market the training courses. The earning is purely based on
franchisees’ skills, he said.
Thanks to the company’s focus on industry-institute partnership initiatives,
its courses are constantly updated with industry inputs on computer-aided
design, computer-aided engineering, graphics and project management. “We are
the only company to offer an end-to-end solution to CAD users. The services of
CADD include CAD training, CAD Software sales, full scale monochrome and colour
scanners, document management and software development,” he said.
CADD Centre-trained students are now employed in key positions in large and
small companies in more than 40 countries. The centre is also the preferred
training partner of more than 4,500 corporate houses in India and abroad.
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. 54.40 |
|
|
1 |
Rs. 81.56 |
|
Euro |
1 |
Rs. 71.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.