|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
BANG DATA FORMS PRIVATE LIMITED BANG POLYPACK DIVISION OF BANG DATA FORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel
(West) Mumbai-400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.1989 |
|
|
|
|
Com. Reg. No.: |
11-052672 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.13.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH1989PTC052672 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1541Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Computer Paper Stationery and P.P Woven
Bags |
|
|
|
|
No. of
Employees: |
428 (Approximately) (28 – in Office, In Factory – 400) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 844000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Profit of the company has increased in 2012. Trade relation as fair. Business
is active. Payment terms are usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LOC – A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
25.03.2013 |
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.
LOCATIONS
|
Registered Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel (West)
Mumbai -400013, Maharashtra, India |
|
Tel. No.: |
91-22-22070644 |
|
Mobile No.: |
91-9322225398 (Mr. |
|
Fax No.: |
91-22-22073868 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.A-7 and A -64, MIDC, Chincholi, Solapur-413255, Maharashtra,
India |
|
Tel. No.: |
91-217-2357511 |
|
Fax No.: |
91-217-2357726 |
|
E-Mail : |
|
|
Area : |
2000000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Marketing Office : |
103, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel (West)
Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-40436565 |
|
Fax No.: |
91-22-24901891 |
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 14.09.2012
|
Name : |
Mr. Krishnakumar Ramkumar Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra,
India |
|
Date of Birth/Age : |
25.04.1966 |
|
Date of Appointment : |
25.01.1990 |
|
Din No.: |
00235932 |
|
|
|
|
Name : |
Mr. Venugopal Balaram Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra,
India |
|
Date of Birth/Age : |
02.06.1954 |
|
Date of Appointment : |
19.07.1989 |
|
Din No.: |
00112410 |
|
|
|
|
Name : |
Mr. Varadraj Rangnath Bang |
|
Designation : |
Director |
|
Address : |
9, Arun Building, Narayan Dabolkar Road, Mumbai-400006, Maharashtra,
India |
|
Date of Birth/Age : |
21.10.1967 |
|
Date of Appointment : |
25.07.1991 |
|
Din No.: |
00235962 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sampatkumar Bang |
|
20000 |
|
Saraswati Devi Bang |
|
26200 |
|
Ramanujdas Bang |
|
5000 |
|
Kantadevi Bang |
|
22200 |
|
Arvind Kumar Bang |
|
26200 |
|
Purshottam Bang |
|
26200 |
|
Sridhar Bang |
|
28300 |
|
Padmavati P Soni |
|
13000 |
|
Vishnukanta N Baheti |
|
15000 |
|
Ramankanta S Partani |
|
20000 |
|
Srikanta Laddha |
|
20000 |
|
Ramkumar Bang |
|
64700 |
|
Parwatidevi Bang |
|
50200 |
|
Narayandas Bang |
|
35000 |
|
Rekha N Bang |
|
31000 |
|
Kamalnayan R Bang |
|
35000 |
|
Krishna K Bang |
|
41600 |
|
Madhusudan Bang |
|
35000 |
|
Sita Bajaj |
|
20000 |
|
Geeta Jakhotia |
|
20000 |
AS ON 14.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Computer Paper Stationery and P.P Woven
Bags |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
PP Woven Fabrics/Bags |
Tons |
900 Per Month |
750 Per Month |
GENERAL INFORMATION
|
No. of Employees : |
428 (Approximately) (28 – in Office, In Factory – 400) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
ING Vysya Bank Limited, Mittal Towers, A Wing,
Ground Floor, 210, Nariman Point, Mumbai-400021, Maharashtra, India ·
Commonwealth Bank of Australia, Level 2, Hoechst
House, Nariman Point, Mumbai-400021, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.M. Garg and Company Chartered Accountants |
|
Address : |
603/604, Unique Tower, Off. S.V. Road, Goregaon (West), Mumbai-400062,
Maharashtra, India |
|
PAN No: |
AAEFK4654J |
|
|
|
|
Other Related Parties : |
·
The Maheshwari Garaphite Udyog Private Limited ·
Bang Overseas Limited ·
Bang Papers Private Limited ·
Bang and Sacks India Private Limited |
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 |
|
1320000 |
Equity Shares |
Rs.10/- each
|
Rs.13.200
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.200 |
13.200 |
|
(b) Reserves & Surplus |
|
198.008 |
165.750 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
211.208 |
178.950 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
49.294 |
68.533 |
|
(b) Deferred tax liabilities (Net) |
|
14.353 |
15.118 |
|
(c) Other long
term liabilities |
|
0.506 |
2.321 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
64.153 |
85.972 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
141.215 |
121.754 |
|
(b)
Trade payables |
|
108.624 |
95.440 |
|
(c) Other
current liabilities |
|
49.362 |
42.859 |
|
(d) Short-term
provisions |
|
26.420 |
53.238 |
|
Total Current
Liabilities (4) |
|
325.621 |
313.291 |
|
|
|
|
|
|
TOTAL |
|
600.982 |
578.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
237.177 |
238.911 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.175 |
0.175 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
45.074 |
16.791 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
282.426 |
255.877 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
142.299 |
140.431 |
|
(c)
Trade receivables |
|
123.936 |
111.459 |
|
(d) Cash
and cash equivalents |
|
10.991 |
7.483 |
|
(e)
Short-term loans and advances |
|
41.330 |
62.963 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
318.556 |
322.336 |
|
|
|
|
|
|
TOTAL |
|
600.982 |
578.213 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
140.898 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
154.098 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
155.423 |
|
|
2] Unsecured Loans |
|
|
1.433 |
|
|
TOTAL BORROWING |
|
|
156.856 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.893 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
322.847 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
207.778 |
|
|
Capital work-in-progress |
|
|
23.519 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.197 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
67.744 |
|
|
Sundry Debtors |
|
|
79.501 |
|
|
Cash & Bank Balances |
|
|
9.345 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
58.497 |
|
Total
Current Assets |
|
|
215.087 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
75.405 |
|
|
Other Current Liabilities |
|
|
2.565 |
|
|
Provisions |
|
|
45.764 |
|
Total
Current Liabilities |
|
|
123.734 |
|
|
Net Current Assets |
|
|
91.353 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
322.847 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
43.529 |
41.293 |
63.374 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR TAX |
15.774 |
14.717 |
18.674 |
|
|
|
|
|
|
|
|
|
Less |
OTHER
PROVISION |
(0.150) |
3.224 |
3.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
27.905 |
23.352 |
41.672 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.14 |
17.69 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.25
|
7.14
|
14.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.23
|
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.90
|
1.06
|
1.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97
|
1.03
|
1.74 |
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 |
Yes |
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
NOTE:
The registers office of the company has been
shifted from 581, Bhuleshwar Road, Mumbai - 400002, Maharashtra, India to the
present address w.e.f 27.03.2009.
OPERATIONS:
The company’s performance has been reasonably
good. The company has registered a net profit of Rs.27.905 Millions in the year
as against Rs.23.352 Millions in the previous year.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
WCDL |
0.000 |
35.000 |
|
Others |
|
|
|
Loan From Directors |
0.271 |
0.892 |
|
Loan From Shareholders |
34.611 |
38.477 |
|
Loan From Body Corporate |
1.579 |
3.575 |
|
TOTAL
|
36.461 |
77.944 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer Software
·
Vehicle
·
Electrical Equipment
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.64.69 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.