MIRA
INFORM REPORT
|
Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SRI BALAJI LOGS PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
67/22, Strand Road, Kolkata – 700006, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.11.1997 |
|
|
|
|
Com. Reg. No.: |
21-085858 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 149.437 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02001WB1997PTC085858 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS4733L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Timber.
|
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a
moderate track record. The management has failed to file its latest financial
with the government department. As per previous year’s record, the
performance capability appears to be satisfactory. Trade relations are
reported to be fair. Business is active. Payments are unknown. 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) |
|
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long term rating : (FITCH) BB- |
|
Rating Explanation |
This rating indicates vulnerability to
default risk. Particularly in the event of adverse change in business. |
|
Date |
April 2012 |
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 : |
67/22, Strand Road, Kolkata – 700006, West Bengal, India |
|
Tel. No.: |
91-33-22592406/ 22592620/ 22596865/
22592023 |
|
Fax No.: |
91-33-22594972 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Mouza Bighati,
Block Singur, P.S. Bhadreswar, District Hooghly, West Bengal,
India |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Om Prakash Pandey |
|
Designation : |
Director |
|
Address : |
67/21, Strand Road, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
24.03.1965 |
|
Date of Appointment : |
29.03.2001 |
|
PAN No.: |
AFUPP3786R |
|
DIN No.: |
00651181 |
|
|
|
|
Name : |
Mr. Ram Prakash Pandey |
|
Designation : |
Director |
|
Address : |
67/21, Strand Road, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
01.08.1973 |
|
Date of Appointment : |
07.11.1997 |
|
PAN No.: |
AEXPP8028G |
|
DIN No.: |
00675038 |
|
|
|
|
Name : |
Mr. Satya Prakash Pandey |
|
Designation : |
Director |
|
Address : |
67/21, Strand Road, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
29.09.1972 |
|
Date of Appointment : |
07.11.1997 |
|
PAN No.: |
AFLPP0945B |
|
DIN No.: |
00688257 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Satya Prakash Pandey |
|
682,750 |
|
Ram Prakash Pandey |
|
788,400 |
|
Om Prakash Pandey |
|
2,781,850 |
|
Satya Prakash Pandey (HUF) |
|
125,000 |
|
Ram Prakash Pandey (HUF) |
|
125,000 |
|
Murlidhar Pandey (HUF) |
|
125,000 |
|
Shree Prakash Pandey |
|
766,650 |
|
Murlidhar Pandey |
|
555,000 |
|
Om Prakash Pandey (HUF) |
|
125,000 |
|
Shree Prakash Pandey (HUF) |
|
125,000 |
|
Sonal Tie Up (Private) Limited |
|
5,986,000 |
|
Jhilmil Vinimay (Private) Limited |
|
48,000 |
|
Jaymin Investment (Private) Limited |
|
446,000 |
|
Maple Vinimay (Private) Limited |
|
152,000 |
|
Trimurti Associates (Private) Limited |
|
196,000 |
|
Wig Warm Finance and Investments (Private) Limited |
|
116,000 |
|
Brijdham Vinimay (Private) Limited |
|
800,000 |
|
Vanshidhar Vanijya (Private) Limited |
|
800,000 |
|
Lotus Dealmarks Private Limited |
|
40,000 |
|
Vaikuntha Vintrade Private Limited |
|
20,000 |
|
Sri Ohm Properties Private Limited |
|
96,000 |
|
Anubhav Infrastructure Limited |
|
44,000 |
|
Total |
|
14,943,650 |
AS ON 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
59.00 |
|
Directors
or relatives of directors |
|
41.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Timber.
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Ø State Bank of
India, Overseas Branch, Kolkata, Samriddhi Bhavan, Block - A, 1, Strand Road,
Kolkata - 700001, West Bengal, India Ø Bank of India Ø Kotak Mahindra
Bank Limited Ø ICICI Bank
Limited |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
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Auditors : |
|
|
Name : |
Dutta Sarkar and Company Chartered Accountants |
|
Address : |
7A Kiron Sankar, Roy Road, 2nd Floor, Kolkata – 700001, West Bengal,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD3349R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14943650 |
Equity Shares |
Rs. 10/- each |
Rs. 149.437
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 |
149.437 |
147.437 |
117.437 |
|
|
2] Share Application Money |
38.300 |
6.300 |
1.000 |
|
|
3] Reserves & Surplus |
403.409 |
373.795 |
239.548 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
591.146 |
527.532 |
357.985 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
443.745 |
413.202 |
326.582 |
|
|
2] Unsecured Loans |
1.645 |
1.645 |
1.645 |
|
|
TOTAL BORROWING |
445.390 |
414.847 |
328.227 |
|
|
DEFERRED TAX LIABILITIES |
1.060 |
5.408 |
4.816 |
|
|
OTHER LIABILITIES |
150.193 |
145.180 |
205.936 |
|
|
|
|
|
|
|
|
TOTAL |
1187.789 |
1092.967 |
896.964 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
79.698 |
82.238 |
54.717 |
|
|
Capital work-in-progress |
10.265 |
9.077 |
16.588 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.282 |
47.376 |
6.282 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1042.831
|
995.932 |
1139.086 |
|
|
Sundry Debtors |
430.442
|
355.472 |
368.957 |
|
|
Cash & Bank Balances |
202.404
|
212.546 |
159.724 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
68.055
|
40.664 |
50.447 |
|
Total
Current Assets |
1743.732
|
1604.614 |
1718.214 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
462.919
|
|
|
|
|
Other Current Liabilities |
164.387
|
242.783 |
883.558 |
|
|
Provisions |
24.882
|
17.839 |
15.279 |
|
Total
Current Liabilities |
652.188
|
650.338 |
898.837 |
|
|
Net Current Assets |
1091.544
|
954.276 |
819.377 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1187.789 |
1092.967 |
896.964 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2383.294 |
2033.197 |
1523.620 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2356.152 |
2008.924 |
1504.260 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.142 |
24.273 |
19.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.832 |
3.400 |
2.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
24.310 |
20.873 |
17.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.696 |
6.626 |
4.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
21.614 |
14.247 |
12.699 |
|
|
|
|
|
|
|
|
|
Add |
Excess Provision
for Tax Written Back |
0.000 |
0.000 |
0.585 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.614 |
14.247 |
13.284 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
N.A. |
7.880 |
6.445 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.45 |
1.21 |
1.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.91
|
0.70 |
0.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.33
|
1.24 |
0.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.75
|
0.79 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
2.47 |
1.91 |
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) |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Loans directors unsecured |
1.645 |
1.645 |
|
Total |
1.645 |
1.645 |
FINANCIAL PERFORMANCE:
During the
financial year, the total Income of the Company increase by 17.22% to Rs.
2033.197 Millions against Rs. 2033.197 Millions in the previous year and the
Company earned profit after tax of Rs. 21.614 Millions compared to Rs. 14.247
Millions in the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U02001WB1997PTC085858 |
|
Name of the
company |
SRI BALAJI LOGS
PRODUCTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
67/22, Strand Road, Kolkata – 700006, West Bengal, India Email: bba_roc@yahoo.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
90244684 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
State Bank of India, Overseas Branch, Kolkata, Samriddhi Bhavan, Block
- A, 1, Strand Road, Kolkata - 700001, West Bengal, India Email: sbiobcal@cal3.vsnl.net.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Deposit for Creation of further Charge for Term Loan/Overall Limit where the
Initial Charge is Created by way of Mortgage by Deposit of Title Deeds - (5
Sets). |
|
Date of
instrument Creating the charge |
12.04.2012 |
|
Amount secured by
the charge |
Rs. 1202.700
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit : At
6.00% above Base Rate, present effective rate being 16.00% p.a. with monthly
rets. Terms of Repayment Working Capital
Limit is repayable on demand. Margin As stipulated by
the Bank for the respective assets from time to time. Raw Materials :
25%, Finished Goods :
25% and Book
Debts/Receivables : 50% Extent and Operation of the charge The charge operates
as first charge basis on the whole of the mortgaged properties of the Company
to secure the maximum amount under the said charge fixed at Rs.1202.700
Millions together with interest, costs and charges thereon. Others The Borrower
shall not do or allow anything which may prejudice the security and shall
comply with the terms and conditions of the Agreements. |
|
Short particulars
of the property charged |
Property situated
at L.R. Dag No.2645 under LR Khatian No.98 measuring 14 Satak, J.L. No.15, Mouza
Palarah, P.S. Bhadreswar, District Hooghly under Deed No.1350. R.S. & L.R.
Dag No.2637 under LR Khatian No.182 measuring area 9 Satak, Mouza Palarah,
P.S. Bhadreswar, District Hooghly under Deed No.2669. Property situated
at Mouza Bighati under Khatian No.702, Dag No.6011, 6011/6098, 6012 and 6013
under Deed No.422, 423 and 424. Land measuring 20
Satak and 19 Satak under L.R. Dag No.4740 situated at Block Singur, P.S.
Bhadreswar, District Hooghly. Land measuring 38
Satak under L.R. Plot No.4741 situated at Mouza Bighati, Block Singur, P.S.
Bhadreswar, District Hooghly. Land measuring 15
Satak under L.R. Plot No.1997 situated at Mouza Chinamore, Block Singur, P.S.
Singur, District Hooghly. Land measuring 15
Satak under L.R. Plot No.1997/2063, L.R. Khatian No.188/1, 216/1, 411/1,
1169/2, and 1159/1 situated at Mouza Chinamore, Block Singur, P.S. Singur,
District Hooghly. All that piece
and parcel of Sali land measuring more or less 124 Satak, 40 Satak, 21 Satak,
60 Satak, 47 Dels, 09 Satak, 26 Satak, 28 Satak, 32 Satak, 30 Satak, 12
Satak, 57 Satak, 72 Satak, 50 Satak, 52 Satak, and 60 Dels comprised in
various Deed Numbers situated in the District Hooghly along with all other
easement rights, amenities, facilities and other privileges attached thereto. Deed No.936/08
dated 29.02.2008 in the name of Sri Balaji Logs Products Private Limited vide
Book No. I Volume No. 23 pages 155 to 170 being No.936 for 2008. |
|
Date of
Modification |
08.04.2011 |
|
Particulars of
the present modification |
By this
modification, charge on above mentioned mortgaged properties of the Company
extended to secure the overall limit of Rs.1202.700 Millions together with
interest, costs and charges thereon. All other terms and
conditions continue to remain as before in full force and effect. |
FIXED ASSETS:
Ø Computer
Ø Office Equipment
Ø Factory Land
Ø Factory Shed and
Building
Ø Plant and
Machinery
Ø Electric
Installation
Ø Furniture and
Fixture
Ø Vehicles
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. 54.34 |
|
|
1 |
Rs. 80.90 |
|
Euro |
1 |
Rs. 70.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.