1. Summary Information
|
Country |
India |
||
|
Company Name |
PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED |
Principal Name 1 |
Mr. Devinder Singh Chawal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramanpreet Kaur |
|
Registration # |
55-091688 |
||
|
Street Address |
S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi - 110017 |
||
|
Established Date |
14.01.1998 |
SIC Code |
-- |
|
Telephone# |
91-11-23328858 |
Business Style 1 |
Chain of Restaurant |
|
Fax # |
91-11-23716295 |
Business Style 2 |
--- |
|
Homepage |
Not Available |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 26,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 17.69%, Directors or relatives of Directors – 82.31% |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
15 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates : |
-- |
Happy Heart Hospitality Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
94,855,000 |
Current Liabilities |
55,551,000 |
|
Inventories |
43,933,000 |
Long-term Liabilities |
76,134,000 |
|
Fixed Assets |
25,717,000 |
Other Liabilities |
4,283,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
135,968,000 |
|
Invest& other Assets |
4,803,000 |
Retained Earnings |
4,151,000 |
|
|
|
Net Worth |
33,340,000 |
|
Total Assets |
169,308,000 |
Total Liab. & Equity |
169,308,000 |
|
Total Assets (Previous Year) |
137,208,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
N.A. |
Net Profit |
1,335,000 |
|
Sales(Previous yr) |
174,284,000 |
Net Profit(Prev.yr) |
3,319,000 |
MIRA INFORM REPORT
|
Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi - 110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.01.1998 |
|
|
|
|
Com. Reg. No.: |
55-091688 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 26.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70109DL1998PTC091688 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP07398G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Chain of Restaurant |
|
|
|
|
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 133000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability of the company seems to be low. However, trade relations are fair. Business is active. Payments are
reported as 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) |
|
|
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.
LOCATIONS
|
Registered Office : |
S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi-110017,
India |
|
Tel. No.: |
91-11-23328858/ 23716294/ 40597506 |
|
Fax No.: |
91-11-23716295 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ramanpreet Kaur |
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|
Designation : |
Director |
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|
Address : |
2/9, Raj Nagar, Ghaziabad - 207007, Uttar Pradesh, India |
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Date of Birth/Age : |
03.04.1974 |
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|
Date of Appointment : |
01.06.2010 |
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|
DIN No.: |
00428156 |
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Other Directorship : |
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|
Name : |
Mr. Ravi Kumar Goenka |
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Designation : |
Director |
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|
Address : |
Chalta No.23, of PTS, Mundvel Vaddem Vasco Da Gama - 403802, Goa,
India |
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Date of Birth/Age : |
06.01.1950 |
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|
Date of Appointment : |
17.02.2011 |
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|
DIN No.: |
03422490 |
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|
Name : |
Mr. Davinder Singh Chawla |
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|
Designation : |
Additional Director |
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|
Address : |
2/9, Raj Nagar, Ghaziabad - 207007, Uttar Pradesh, India |
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Date of Birth/Age : |
10.03.1974 |
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Date of Appointment : |
27.03.2010 |
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DIN No.: |
00428063 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Davinder Singh Chawla |
|
2,140,000 |
|
Richmond Leisure and Hotels Private Limited,
India |
|
460,000 |
|
|
|
|
|
Total |
|
2,600,000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
17.69 |
|
Directors
or relatives of directors |
|
82.31 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
GENERAL INFORMATION
|
Suppliers : |
Ø Adi Grafix Ø Ahuja Vegetable Store Ø Akasai Laboratories Ø Aqua Pure Enterprises Ø Ashish Cheese Products Ø Bacardi Martini India Limited Ø Bacardi Martini I Lessee GDGPL. Ø Basant Crockery House Ø Bitequest Online Services Ø Beam Global Spirits and Wines Private Limited Ø Bhagwati Udyog Ø Bright Flow Engineer Ø Bhagat Agencies Ø BSES Rajdhani Power Limited Ø B.S. Agency Ø Brown Forman Worldwide Ø Brahms Marketing Private Limited Ø Brindco Sales Limited Ø Carlsberg India Private Limited Ø Center Square Communications Ø Cerana Imports Private Limited Ø Champangne Indage Limited Ø Chancellor Club Ø Chandigarh Dist. and Bottlers Limited Ø Citadel
Fire Aid Technologies |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Ø Punjab National
Bank, Mid Corporate Branch, A-9 Connaught Place, New Delhi - 110001, India Ø Federal Bank
Limited, S-571, Greater Kailash-II, New Delhi - 110048, India Ø The Hongkong and
Shanghai Banking Corporation Limited, K-14-18, Sector-18, Noida - 201301,
Uttar Pradesh, India Ø Federal Bank
Limited, Greater Kailash-II, New Delhi, India Ø ICICI
Bank Limited Ø HDFC
Bank Limited |
||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||
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|
|
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Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anurag Associates Chartered Accountants |
|
Address : |
609, Ansal's Satyam, Raj Nagar District Centre, Ghaziabad –
201002, Uttar Pradesh, India |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ACHPJ9824E |
|
|
|
|
Associates : |
Ø Happy Heart Hospitality Private Limited Ø Hymn Hotels and Resorts Private Limited Ø R.A. Wines Private Limited Ø Richmond Leisure and Hotels Private Limited Ø Kirat Hotels Private Limited Ø Hymn
Hospitality Services Private Limited Ø Medsol
India Overseas Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,600,000 |
Equity Shares |
Rs. 10/- each |
Rs. 36.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,600,000 |
Equity Shares |
Rs. 10/- each |
Rs. 26.000
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 |
26.000 |
12.000 |
6.000 |
|
|
2] Share Application Money |
3.189 |
8.259 |
0.000 |
|
|
3] Reserves & Surplus |
4.151 |
2.816 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.503) |
|
|
NETWORTH |
33.340 |
23.075 |
5.497 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.833 |
21.170 |
6.140 |
|
|
2] Unsecured Loans |
15.301 |
16.152 |
17.227 |
|
|
TOTAL BORROWING |
76.134 |
37.322 |
23.367 |
|
|
DEFERRED TAX LIABILITIES |
1.055 |
1.285 |
1.156 |
|
|
|
|
|
|
|
|
TOTAL |
110.529 |
61.682 |
30.020 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.717 |
25.525 |
25.984 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.803 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
43.933
|
57.175
|
1.503 |
|
|
Sundry Debtors |
37.428
|
26.251
|
1.096 |
|
|
Cash & Bank Balances |
9.805
|
10.681
|
2.594 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
47.622
|
17.576
|
12.308 |
|
Total
Current Assets |
138.788
|
111.683
|
17.501 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.774
|
69.337
|
8.956 |
|
|
Other Current Liabilities |
4.777
|
4.248
|
2.710 |
|
|
Provisions |
3.228
|
1.941
|
1.799 |
|
Total
Current Liabilities |
58.779
|
75.526
|
13.465 |
|
|
Net Current Assets |
80.009
|
36.157
|
4.036 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
110.529 |
61.682 |
30.020 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
174.284 |
62.296 |
|
|
|
Other Income |
|
5.239 |
1.521 |
|
|
|
TOTAL |
514.558 |
179.523 |
63.817 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
60.022 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
511.121 |
175.934 |
60.022 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including Interest and
Depreciation Expenses) |
(Including Interest and Depreciation Expenses) |
3.795 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
3.795 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
3.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.437 |
3.589 |
0.368 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.102 |
0.270 |
(0.316) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.335 |
3.319 |
0.684 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.827 |
2.827 |
2.948 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.51 |
2.77 |
1.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.26
|
1.85
|
1.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A.
|
2.06
|
0.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09
|
2.62
|
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.16
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.28
|
1.62
|
4.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
1.48
|
1.30 |
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 |
Yes |
|
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 LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Other loan and advances |
|
|
|
-
From Directors |
0.000 |
0.000 |
|
-
From Others |
0.000 |
16.152 |
|
-
From Corporate and Banks |
15.301 |
0.000 |
|
Total |
15.301 |
16.152 |
Note:
The registered office of the company has been shifted from 1012,
1014, Antriksh Bhawan, 22, K G Marg, New Delhi-110001, India to present
address w.e.f.25.05.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U70109DL1998PTC091688 |
|
Name of the
company |
PRECIOUS
HOSPITALITY AND LEISURE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi – 110017,
India Email: pankajsharmaca@yahoo.co.in
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10268745 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Punjab National Bank, Mid Corporate Branch, A-9 Connaught Place, New
Delhi - 110001, India Email: goyalvinodkumar@gmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
goods and book debts to secure cash credit facility Hypothecation of
current assets Hypothecation of moveable
assets forming part of fixed / block assets Agreements |
|
Date of
instrument Creating the charge |
19.03.2013 |
|
Amount secured by
the charge |
Rs. 60.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BR + 5.50% p.a.
BR is 10.25% i.e. 15.75% p.a. subject to change
from time to time Terms of Repayment On Demand Margin Stocks 25% Book debts 40% Extent and Operation of the charge Full Charge 100% |
|
Short particulars
of the property charged |
Stocks, book
debts, current assets, fixed moveable block assets |
|
Particulars of
the present modification |
Limits modified
as under : Cc (hyp of stocks
& book debts) Rs. 60.000 Millions |
FIXED ASSETS
Ø Building
Ø Plant and Machinery
Ø Vehicles
Ø Computers
Ø Furniture and Fixtures
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 records 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] 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. 55.61 |
|
|
1 |
Rs. 83.98 |
|
Euro |
1 |
Rs. 71.94 |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.