Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
R.L. JAIN EQUIPMENTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Priyankar Jain |
|
Status |
Moderate |
Principal Name 2 |
Mr. Konark Jain |
|
Registration # |
17-032450 |
||
|
Street Address |
G-13, M. I. A. Extension, Road No.12, Udaipur-313001, Rajasthan |
||
|
Established Date |
27.07.2010 |
SIC Code |
-- |
|
Telephone# |
91-294-2486810 |
Business Style 1 |
Trader |
|
Fax # |
91-294-5100506 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Equipments |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
no |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
8,148,000 |
Current Liabilities |
47,512,000 |
|
Inventories |
50,027,000 |
Long-term Liabilities |
11,595,000 |
|
Fixed Assets |
2,880,000 |
Other Liabilities |
469,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
59,576,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
979,000 |
|
|
|
Net Worth |
1,479,000 |
|
Total Assets |
61,055,000 |
Total Liab. & Equity |
61,055,000 |
|
Total Assets (Previous Year) |
545,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
210,831,000 |
Net Profit |
986,000 |
|
Sales(Previous yr) |
0,000 |
Net Profit
/ (Loss) (Prev.yr) |
(7,000) |
MIRA INFORM REPORT
|
Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
R.L. JAIN EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-13, M. I. A. Extension, Road No.12, Udaipur-313001, Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.07.2010 |
|
|
|
|
Com. Reg. No.: |
17-032450 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29246RJ2010PTC032450 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader in Equipments |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having a moderate track record. In its first year of business operation company has achieved sizable
turnover. The profit margin appears to be low. And external borrowing seems to
be huge. However, trade relations are reported to be fair. Business is active.
Payments are 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 |
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Konark Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9829748282 |
|
Date : |
13.05.2013 |
LOCATIONS
|
Registered Office : |
G-13, M. I. A. Extension, Road No.12, Udaipur-313001, Rajasthan, India
|
|
Tel. No.: |
91-294-2486810 / 2491324 |
|
Mobile No.: |
91-9829748282 (Mr. Konark Jain) 91-9929860248 (Mr. Rishabh Jain) |
|
Fax No.: |
91-294-5100506 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Priyankar Jain |
|
Designation : |
Director |
|
Address : |
56, Anand Nagar, University Road, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
28.12.1983 |
|
Date of Appointment : |
27.07.2010 |
|
DIN No.: |
03062413 |
|
|
|
|
Name : |
Mr. Konark Jain |
|
Designation : |
Director |
|
Address : |
41, Anand Nagar, University Road, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
12.08.1985 |
|
Date of Appointment : |
27.07.2010 |
|
DIN No.: |
03062422 |
|
|
|
|
Name : |
Mr. Rishabh Jain |
|
Designation : |
Director |
|
Address : |
56, Anand Nagar, University Road, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
27.03.1986 |
|
Date of Appointment : |
27.07.2010 |
|
DIN No.: |
03062435 |
|
|
|
|
Name : |
Mr. Ladulal Jain |
|
Designation : |
Director |
|
Address : |
56, Anand Nagar, University Road, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
15.04.1960 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
00374615 |
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 |
U29299RJ2005PTC021675 |
ROLSON
EQUIPMENTS PRIVATE LIMITED |
Director |
28-11-05 |
28-11-05 |
Active |
NO |
|
2 |
U36101RJ2002PTC017395 |
PRAKASH
WOOD PALACE PRIVATE LIMITED |
Director |
01-03-08 |
01-03-08 |
Active |
NO |
|
3 |
U29246RJ2010PTC032450 |
R.L.
JAIN EQUIPMENTS PRIVATE LIMITED |
Director |
01-10-10 |
01-10-10 |
Active |
NO |
|
Name : |
Mr. Bhagwati Lal Jain |
|
Designation : |
Director |
|
Address : |
41, Anand Nagar, University Road, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
29.02.1964 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
00374651 |
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 |
U29299RJ2005PTC021675 |
ROLSON
EQUIPMENTS PRIVATE LIMITED |
Director |
28-11-05 |
28-11-05 |
Active |
NO |
|
2 |
U36101RJ2002PTC017395 |
PRAKASH
WOOD PALACE PRIVATE LIMITED |
Director |
01-03-08 |
01-03-08 |
Active |
NO |
|
3 |
U29246RJ2010PTC032450 |
R.L.
JAIN EQUIPMENTS PRIVATE LIMITED |
Director |
01-10-10 |
01-10-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
No. of Shares |
|
Priyankar Jain |
16000 |
|
Konark Jain |
16000 |
|
Rishabh Jain |
16000 |
|
Ladulal Jain |
1000 |
|
Bhagwati Lal Jain |
1000 |
|
TOTAL
|
50000 |
AS ON 27.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader in Equipments |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Surendra Ostwal and Company Chartered Accountant |
|
Address : |
7-B, Bapu Bazar Circle, Above Shri Udaipur Krishi Kendra,
Udaipur-313001, Rajasthan, India |
|
Tel. No.: |
91-294-2418046 |
|
Mobile No.: |
91-9414162573 |
|
PAN No.: |
ABBFS0339Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.500 |
0.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.979 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.479 |
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8.595 |
0.000 |
|
|
2] Unsecured Loans |
|
3.000 |
0.045 |
|
|
TOTAL BORROWING |
|
11.595 |
0.045 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
13.074 |
0.545 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.880 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
50.027 |
0.000 |
|
|
Sundry Debtors |
|
4.548 |
0.000 |
|
|
Cash & Bank Balances |
|
1.946 |
0.006 |
|
|
Other Current Assets |
|
0.026 |
0.039 |
|
|
Loans & Advances |
|
1.628 |
0.500 |
|
Total
Current Assets |
|
58.175 |
0.545 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
46.339 |
0.000 |
|
|
Other Current Liabilities |
|
1.173 |
0.000 |
|
|
Provisions |
|
0.469 |
0.000 |
|
Total
Current Liabilities |
|
47.981 |
0.000 |
|
|
Net Current Assets |
|
10.194 |
0.545 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
13.074 |
0.545 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
210.831 |
0.000 |
|
|
|
Other Income |
|
3.593 |
0.000 |
|
|
|
TOTAL |
|
214.424 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
212.415 |
0.007 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
2.009 |
(0.007) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.554 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
1.455 |
(0.007) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.469 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
0.986 |
(0.007) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
19.72 |
(0.13) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.46 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.69 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.38 |
(1.28) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.98 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
7.84 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.21 |
0.00 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
|
|
|
Konark Jain |
1.000 |
0.015 |
|
Priyanker Jain |
1.000 |
0.015 |
|
Rishabh Jain |
1.000 |
0.015 |
|
|
|
|
|
TOTAL |
3.000 |
0.045 |
OPERATIONAL REVIEW
During the year their company has achieved turnover of Rs. 210.831 Millions
as compared to last year Nil. The Sales is increased by Rs. 210.831 Millions as
compare to last year. The Net Profit before tax during the year is Rs. 1.455
Millions as compared to last year loss Rs. 0.007 Million. The company enjoys
good confidence among the existing customers.
FORM 8
|
Corporate
identity number of the company |
U29246RJ2010PTC032450 |
|
Name of the
company |
R.L. JAIN
EQUIPMENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-13, M. I. A. Extension, Road No.12, Udaipur-313001, Rajasthan, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House,
Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Letter of
Hypothecation of Stocks and Book Debts. |
|
Date of
instrument Creating the charge |
03.08.2012 |
|
Amount secured by
the charge |
Rs. 15.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest as
stipulated in the Bank's Sanction Letter. Terms of repayment Repayment of Loan
as stipulated in Bank's Sanction
Letter. Margin Margin as
stipulated in the Bank's Sanction
Letter. Extent and operation of the charge Hypothecation by
way of First Charge on Stocks and Book Debts etc. to secure as a continuing security
as for the repayment of Rs.15.000 Millions together with interest, costs,
charges, expenses and other moneys due and payable by the Company to the
Bank. |
|
Short particulars
of the property charged (Including location of the property) |
All the Stock in
Trade both present and future consisting of raw materials, finished goods,
goods in process of manufacturing All the
book-debts, out standings monies receivables, claims and bills which are now
due and owing or which may at any time hereafter during the continuance of
this |
FIXED ASSETS
- Vehicle and
Car
- Computer
- Furniture
- Office
Equipments
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. 54.91 |
|
|
1 |
Rs. 84.44 |
|
Euro |
1 |
Rs. 71.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
29 |
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.