|
Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
BALAJIKRIPA MARBLE AND GRANITE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2-B, First Floor, Sagar Krishna Complex, Subcity Centre, Opposite
Savina Sabji, Mandi, Udaipur – 313002, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.08.2007 |
|
|
|
|
Com. Reg. No.: |
17-024795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.575 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14101RJ2007PTC024795 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHB04893A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB1895Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Marble Slabs. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
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 90000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Reserves of the company appear to be low. The company has also recorded huge
external borrowings. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. 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 |
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 : |
2-B, First Floor, Sagar Krishna Complex, Subcity Centre, Opposite
Savina Sabji, Mandi, Udaipur – 313002, Rajasthan, India |
|
Tel. No. : |
91-294-2442370 |
|
Fax No.: |
91-294-2441773 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
398-399, Sukher Industrial Area, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Khiv Singh Rajpurohit |
|
Designation : |
Director |
|
Address : |
House No. 16, Near JB Hospital |
|
Date of Birth/Age : |
12.07.1967 |
|
Date of Appointment : |
01.08.2007 |
|
DIN No. : |
00632165 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U14219RJ1998PTC015000 |
TAPASYA
MINES AND MINERALS PRIVATE LIMITED |
Director |
28/07/1998 |
28/07/1998 |
Active |
NO |
|
2 |
U14102RJ1996PTC012808 |
MAHIMA
MINES AND MINERALS PRIVATE LIMITED |
Director |
24/07/2004 |
24/07/2004 |
Active |
NO |
|
3 |
U14101RJ2007PTC024795 |
BALAJIKRIPA
MARBLE AND GRANITE PRIVATE LIMITED |
Director |
01/08/2007 |
01/08/2007 |
Active |
NO |
|
4 |
U14101RJ2008PTC027292 |
HEYRUMBH
MARBLES PRIVATE LIMITED |
Director |
02/09/2008 |
02/09/2008 |
Strike
off |
NO |
|
5 |
U55101RJ1997PTC014542 |
SHREE
GANESH PINKCITY HOLIDAY RESORTS PRIVATE LIMITED |
Director |
22/06/2011 |
22/06/2011 |
Active |
NO |
|
6 |
U14102RJ2011PTC036940 |
PUNDRIKAKSH
GRANITES PRIVATE LIMITED |
Director |
09/11/2011 |
09/11/2011 |
Active |
NO |
|
Name : |
Mr. Navratan Singh Rajporohit |
|
Designation : |
Director |
|
Address : |
House No. 16, Near JB Hospital |
|
Date of Birth/Age : |
15.01.1972 |
|
Date of Appointment : |
01.08.2007 |
|
DIN No. : |
00632279 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U14102RJ1996PTC012808 |
MAHIMA
MINES AND MINERALS PRIVATE LIMITED |
Director |
24/07/2004 |
24/07/2004 |
Active |
NO |
|
2 |
U14101RJ2007PTC024795 |
BALAJIKRIPA
MARBLE AND GRANITE PRIVATE LIMITED |
Director |
01/08/2007 |
01/08/2007 |
Active |
NO |
|
3 |
U55101RJ2012PTC038635 |
MARINA
NATURAL RESORTS PRIVATE LIMITED |
Director |
20/04/2012 |
20/04/2012 |
Active |
NO |
|
Name : |
Mr. Narayan Lal Pandya |
|
Designation : |
Director |
|
Address : |
Tehsil Chouraha, Dungarpur – 314001, |
|
Date of Birth/Age : |
27.07.1961 |
|
Date of Appointment : |
01.01.2009 |
|
Date of Cessation : |
20.12.2012 |
|
DIN No. : |
02478801 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anoop Kunwar Rajpurohit |
15000 |
|
Aashish Pokharna |
50000 |
|
Ashok Rajpurohit |
45000 |
|
Basant Kumar Sen |
10000 |
|
Bheru Lal Dangi |
10000 |
|
Harshad Joshi |
30000 |
|
Jabbar Singh |
20000 |
|
Jai Prakash Bihari |
10000 |
|
Jitendra Suhalka |
50000 |
|
Khiv Singh Rajpurohit |
1165000 |
|
Kishor Mantri |
10000 |
|
Mool Singh Purohit |
12500 |
|
Moti Lal Chourasia |
100000 |
|
Mukesh Jain |
8900 |
|
Narayan Pandya |
10000 |
|
Navratan Singh Rajpurohit |
270000 |
|
Rajendra Kumar Sain |
10000 |
|
Sandeep Bhatnagar |
10000 |
|
Shambhay Singh Sisodia |
10000 |
|
Shambu Lal Mehta |
80000 |
|
Subhash Panikh |
10000 |
|
Uday Singh Rathore |
10000 |
|
Vijay Singh Rathore |
10000 |
|
Tej Singh Sisodia |
100 |
|
Fakkruddin Pathan |
100 |
|
Vinod Jain |
100 |
|
Rajesh Jain |
100 |
|
Badri Ji Rajpurohit |
100 |
|
Mumtaz Begum |
100 |
|
Bhanwar Singh Rajpurohit |
100 |
|
Ful Kunwar Rajpurohit |
100 |
|
Sugan Kumar Rajpurohit |
100 |
|
Kan Singh Rajpurohit |
100 |
|
Seema Kunwar Rajpurohit |
100 |
|
TOTAL
|
1957500 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Marble Slabs. |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Capacity |
|
|
|
|
|
|
Marble and Granite |
In Sq. Ft |
1374000 |
1374000 |
|
Particulars |
Actual
Production |
|
|
|
|
Own Manufacturing |
937307 |
|
Manufacturing for Job Workings |
94653 |
GENERAL INFORMATION
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nitesh Doshi Chartered Accountant |
|
Address : |
44 A-B, Indraprasth Complex, Near |
|
PAN No.: |
AFWPD8847B |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1957500 |
Equity Shares |
Rs.10/- each |
Rs. 19.575
Millions |
|
|
|
|
|
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 |
19.575 |
19.575 |
19.575 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.108 |
|
|
3] Reserves & Surplus |
3.129 |
1.095 |
0.573 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.704 |
20.670 |
20.256 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.661 |
40.916 |
23.495 |
|
|
2] Unsecured Loans |
21.435 |
21.131 |
20.945 |
|
|
TOTAL BORROWING |
55.096 |
62.047 |
44.440 |
|
|
DEFERRED TAX LIABILITIES |
0.999 |
0.641 |
0.369 |
|
|
|
|
|
|
|
|
TOTAL |
78.799 |
83.358 |
65.065 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
78.777 |
86.760 |
45.569 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.754 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.047 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.081
|
6.430 |
6.782 |
|
|
Sundry Debtors |
6.531
|
5.139 |
4.056 |
|
|
Cash & Bank Balances |
0.076
|
0.035 |
0.118 |
|
|
Other Current Assets |
0.995
|
0.443 |
0.000 |
|
|
Loans & Advances |
7.051
|
5.251 |
19.362 |
|
Total
Current Assets |
22.734
|
17.298 |
30.318 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.496
|
13.402 |
7.710 |
|
|
Other Current Liabilities |
8.884
|
6.368 |
4.069 |
|
|
Provisions |
1.332
|
0.930 |
0.000 |
|
Total
Current Liabilities |
22.712
|
20.700 |
11.779 |
|
|
Net Current Assets |
0.022
|
(3.402) |
18.539 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.156 |
|
|
|
|
|
|
|
|
TOTAL |
78.799 |
83.358 |
65.065 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
GROSS RECEIPTS
AND OTHER INCOME |
43.742 |
32.673 |
23.678 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.973 |
6.371 |
3.652 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.018 |
5.338 |
2.727 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.955 |
1.033 |
0.925 |
|
|
|
|
|
|
|
Less |
TAX |
0.922 |
0.511 |
0.430 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.033 |
0.522 |
0.495 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.095 |
0.573 |
0.078 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.128 |
1.095 |
0.573 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.04 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.91
|
0.99 |
1.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.43
|
3.00 |
2.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
0.84 |
2.57 |
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 |
Yes |
|
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 |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM BORROWINGS |
|
|
|
Balaji Minerals |
4.702 |
2.177 |
|
Mahima Mines and Minerals Private Limited |
0.550 |
0.800 |
|
Bhanwar Singh Ji |
0.200 |
0.200 |
|
Kan Singh Rajpurohit |
0.100 |
0.000 |
|
Khiv Singh Rajpurohit |
8.527 |
5.847 |
|
Mool Singh Rajpurohit |
0.300 |
0.300 |
|
Smt Anoop Kunwar Rajpurohit |
0.300 |
0.100 |
|
Smt Phool Kunwar Rajpurohit |
0.200 |
0.100 |
|
Smt Seema Kunwar Rajpurohit |
0.100 |
0.000 |
|
Smt Sugan Kunwar Rajpurohit |
0.350 |
0.150 |
|
Durga Marbles and Minerals |
2.100 |
2.100 |
|
Sanjari Marbles and Granite |
0.300 |
0.300 |
|
Shri Fakhruddin Pathan |
1.450 |
1.450 |
|
Shri Vinod Jain |
0.206 |
1.137 |
|
Smt Mumtaj Begum |
0.050 |
0.050 |
|
SRG Securities Private Limited |
2.000 |
2.000 |
|
Badri Ji Rajpurohit |
0.000 |
0.200 |
|
Mewar Marble Associates |
0.000 |
1.790 |
|
Navratan Singh Rajpurohit |
0.000 |
2.430 |
|
|
|
|
|
TOTAL |
21.435 |
21.131 |
FIXED ASSETS
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. 54.16 |
|
|
1 |
Rs. 81.74 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 & 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.