|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHARDIKALA PUBLICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.07.1987 |
|
|
|
|
Com. Reg. No.: |
16-007549 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.18.150 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300PB1987PTC007549 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLC0769D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC73111F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Printing and Publishing of Newspapers, Magazines, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
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 140000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its latest financial ie
(2012-2013) with the government department. As per available financials (2011),
the reserves of the company seems to be insufficient. However, trade
relations are reported as fair. Business is active. Payments terms are
unknown. The company can be considered for business dealings with some
cautions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the spending
capacity in India. Over 72 % respondents from middle and lower middle income
families would be forced to slash their Diwali expenditure by 40 % and on
average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
NSIC CRISIL |
|
Rating |
SE 3B |
|
Rating Explanation |
Moderate financial strength and moderate
performance capability. |
|
Date |
31.08.2013 |
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
UNABLE TO CONTACT THE COMPANY
LOCATIONS
|
Registered Office : |
Guru Harkrishnan Public School Building Press Road, Patiala – 147001,
Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 27.09.2011)
|
Name : |
Mr. Jagjit Singh Dardi |
|
Designation : |
Director |
|
Address : |
#844, SST Nagar, |
|
Date of Birth/Age : |
19.01.1949 |
|
Date of Appointment : |
14.07.1987 |
|
DIN No.: |
00609443 |
|
PAN No.: |
ADBPK3996K |
|
|
|
|
Name : |
Mr. Harpreet Singh Dardi |
|
Designation : |
Director |
|
Address : |
#844, SST Nagar, Patiala – 147001, Punjab, India |
|
Date of Appointment : |
25.03.1996 |
|
DIN No.: |
00607372 |
|
|
|
|
Name : |
Mr. Jatinder Pal Singh |
|
Designation : |
Director |
|
Address : |
#844, SST Nagar, Patiala – 147001, Punjab, India |
|
Date of Appointment : |
14.07.1987 |
|
DIN No.: |
01167053 |
|
PAN No.: |
AMJPS1063J |
|
|
|
|
Name : |
Mr. Satbir Singh Dardi |
|
Designation : |
Director |
|
Address : |
#844, SST Nagar, Patiala – 147001, Punjab, India |
|
Date of Appointment : |
30.06.2001 |
|
DIN No.: |
00607389 |
|
PAN No.: |
ABNPD9075B |
|
|
|
|
Name : |
Ms. Harbans Kaur |
|
Designation : |
Director |
|
Address : |
Guru Harkrishnan Public School Building Press Road, Patiala – 147001,
Punjab, India |
|
Date of Appointment : |
14.07.1987 |
|
DIN No.: |
01140868 |
|
|
|
|
Name : |
Ms. Jasvinder Kaur Dardi |
|
Designation : |
Director |
|
Address : |
#844, SST Nagar, Patiala – 147001, Punjab, India |
|
Date of Appointment : |
14.07.1987 |
|
DIN No.: |
00609430 |
|
PAN No.: |
ADBPK3996K |
|
|
|
|
Name : |
Mr. Manpreet Singh Chadha |
|
Designation : |
Director |
|
Address : |
B-508, New Friends Coloney, New Delhi – 110065, India |
|
Date of Birth/Age : |
14.09.1980 |
|
Date of Appointment : |
21.03.2011 |
|
DIN No.: |
00032276 |
|
|
|
|
Name : |
Mr. Rajinder Singh Chadha |
|
Designation : |
Director |
|
Address : |
B-508, New Friends Coloney, New Delhi – 110065, India |
|
Date of Birth/Age : |
24.07.1965 |
|
Date of Appointment : |
21.03.2011 |
|
DIN No.: |
00032201 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Jagjit Singh |
|
75660 |
|
Jasvinder Kaur |
|
37600 |
|
Harbans Kaur |
|
3300 |
|
Harpreet Singh Dardi |
|
6530 |
|
Chardikala Printing Press Private Limited, Punjab |
|
45000 |
|
Chardikala Printing Press, Punjab |
|
5000 |
|
Satbeer Singh Dardi |
|
3410 |
|
Gurleen Kaur |
|
3000 |
|
Ashmeet Kaur |
|
2000 |
|
|
|
|
|
Total |
|
181500 |
(AS ON 30.03.2012)
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Jagjit Singh |
|
11250 |
|
|
|
|
|
Total |
|
11250 |
(AS ON 22.02.2012)
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Jasvinder Kaur |
|
2800 |
|
S. Jatinder Pal Singh |
|
100 |
|
Satbeer Singh Dardi |
|
850 |
|
|
|
|
|
Total |
|
3750 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
25.00 |
|
Directors or relatives of directors |
|
72.00 |
|
Other top fifty shareholders |
|
3.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of Newspapers, Magazines, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Bankers : |
· Punjab and Sind Bank The Mall Road, Patiala – 147001, Punjab, India |
||||||||||||||||||||||||||||||
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Facilities : |
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||||||||||||||||||||||||||||||
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Banking Relations
: |
-- |
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|
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Auditors : |
|
|
Name : |
JPS and Associates Chartered Accountant |
|
Address : |
379/1, Old Ghas Mandi, Sheran Wala Gate, Patiala – 147001, Punjab,
India |
|
PAN No.: |
ACBPS1836M |
CAPITAL STRUCTURE
(AS ON 27.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
196500 |
Equity Shares |
Rs.100/- each |
Rs.19.650
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
181500 |
Equity Shares |
Rs.100/- each |
Rs.18.150 Millions |
|
3500 |
Preference Shares |
Rs.100/- each |
Rs.0.350 Million |
|
|
|
|
|
|
|
Total |
|
Rs.18.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
181500 |
Equity Shares |
Rs.100/- each |
Rs.18.150 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 |
18.150 |
18.500 |
18.500 |
|
|
2] Share Application Money |
2.461 |
2.461 |
2.461 |
|
|
3] Reserves & Surplus |
13.316 |
12.008 |
10.334 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.927 |
32.969 |
31.295 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
12.564 |
6.925 |
8.063 |
|
|
2] Unsecured Loans |
3.923 |
5.308 |
2.567 |
|
|
TOTAL BORROWING |
16.487 |
12.233 |
10.630 |
|
|
DEFERRED TAX LIABILITIES |
1.846 |
1.713 |
1.324 |
|
|
|
|
|
|
|
|
TOTAL |
52.260 |
46.915 |
43.249 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.743 |
22.977 |
23.359 |
|
|
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 |
0.586
|
1.514
|
3.135 |
|
|
Sundry Debtors |
36.969
|
36.689
|
21.088 |
|
|
Cash & Bank Balances |
10.023
|
5.236
|
1.463 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
2.486
|
5.930
|
6.845 |
|
Total
Current Assets |
50.064
|
49.369
|
32.531 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
8.713
|
17.764
|
6.182 |
|
|
Other Current Liabilities |
1.293
|
6.110
|
5.691 |
|
|
Provisions |
3.541
|
1.557
|
0.768 |
|
Total
Current Liabilities |
13.547
|
25.431
|
12.641 |
|
|
Net Current Assets |
36.517
|
23.938
|
19.890 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
52.260 |
46.915 |
43.249 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
80.235 |
NA |
58.600 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
76.129 |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.669 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.307 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.362 |
NA |
1.037 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.50 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.06
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.49
|
37.10 |
33.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.70
|
1.94 |
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 |
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 |
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
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Ajit Singh Bhatia |
0.000 |
0.100 |
|
Deposit from Members |
0.259 |
0.259 |
|
Loan From Directors |
3.664 |
4.749 |
|
Daulat Singh and Gurpal Singh |
0.000 |
0.200 |
|
|
|
|
|
TOTAL |
3.923 |
5.308 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454523 |
28/09/2013 |
18,000,000.00 |
PUNJAB &
SIND BANK |
THE MALL BRANCH,
PATIALA, PUNJAB - 147001, INDIA |
B87313946 |
|
2 |
10384208 |
16/10/2012 |
10,000,000.00 |
PUNJAB &
SIND BANK |
THE MALL,
PATIALA, PUNJAB - 147001, INDIA |
B61221032 |
|
3 |
90183824 |
29/09/2011 * |
16,000,000.00 |
PUNJAB &
SIND BANK |
THE MALL, PATIALA,
PUNJAB - 147001, INDIA |
B23601271 |
|
4 |
90181613 |
22/08/1990 |
75,000.00 |
PUNJAB NATIONAL
BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
|
5 |
90179162 |
14/03/1995 * |
60,000.00 |
PUNJAB &
SIND BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
|
6 |
90181610 |
27/07/1990 |
60,000.00 |
PUNJAB NATINAL
BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
|
7 |
90183659 |
20/04/1992 * |
60,000.00 |
PUNJAB NATIONAL
BANK |
BANK PHATAK NO.
22, PATIALA, PUNJAB, INDIA |
- |
|
8 |
90181504 |
17/06/1989 |
150,000.00 |
PUNJAB NATIONAL
BANK |
22 NO. PHATAK,
PATIALA, PUNJAB, INDIA |
- |
|
9 |
90181502 |
10/07/1992 * |
150,000.00 |
PUNJAB &
SIND BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
|
10 |
90183643 |
20/04/1992 * |
150,000.00 |
PUNJAB NATIONAL
BANK |
BANK PHATAK,
LUDHIANA, PUNJAB, INDIA |
- |
|
11 |
90179061 |
14/03/1995 * |
75,000.00 |
PUNJAB &
SIND BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
|
12 |
90183642 |
20/04/1992 * |
75,000.00 |
PUNJAB NATIONAL
BANK |
BANK PHATAK NO.22,
PATIALA, PUNJAB, INDIA |
- |
|
13 |
90181501 |
26/05/1998 * |
200,000.00 |
PUNJAB NATINAL
BANK |
PHATAK NO. 22,
PATIALA, PUNJAB, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Goodwill
· Land
· Air Conditioner
· Building
· Computer and Software
· Car
· Cycle
· Fan
· Cooler
· Office Equipment
· Mobile
· TV
· Furniture and Fixture
· Electric Fittings
· Plant and Machinery
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.61.28 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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.