MIRA
INFORM REPORT
|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHRIRAM VERITECH SOLUTIONS PRIVATE LIMITED (w.e.f. 21.01.2008) |
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|
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Formerly Known
As : |
SHRIRAM HOLOGRAPHICS PRIVATE LIMITED |
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Registered
Office : |
42-B, 4th Floor, 23 K.G. Marg, Himalaya House, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
18.03.1993 |
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Com. Reg. No.: |
55-052670 |
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|
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Paid-up Capital
: |
Rs.36.090
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC052670 |
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|
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TIN No.: |
09765702794 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
DELS29901E |
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PAN No.: [Permanent Account No.] |
AAACS2261A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Paper Labels and Holograms. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 330000 |
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|
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Company has performed well. Overall financial position of the company
is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for small to mediocre 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.
HENKEL RATING
|
HENKEL’s Rating : |
350 (Significant risk) |
|
Credit
Rating |
Henkel
Rating (Customer Risk Assesment- CRA) |
||
|
Mira
Inform |
Risk
Category |
Credit
Limit |
Description |
|
Aaa |
100 |
Inter Company, credit limit
not required |
Very low risk (blue ships) |
|
Aa |
200,
201 |
(120% of Gross Annualised
Sales/365)*Credit Term. |
Low risk |
|
A |
300,
301 |
(100% of Gross Annualised
Sales/365)*Credit Term. |
Moderate risk |
|
Ba |
350 |
(90% of Gross Annualised
Sales/365)*Credit Term. |
Significant risk |
|
B |
400 |
(80% of Gross Annualised
Sales/365)*Credit Term. |
High risk |
|
450 |
Very high risk |
||
|
Ca
or C |
500* |
NIL/ Legal/ Bad/No Transaction |
Doubtful accounts |
|
|
007* |
NIL |
Small unrated customers |
|
|
009* |
NIL |
Inactive customers |
|
|
999* |
Initially First Invoice vales,
CRA will be done and based on report the CL would get revised. |
New customer |
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Pawan |
|
Designation : |
Import Export Department |
|
Contact No.: |
91-9971146149 |
|
Date : |
30.07.2014 |
LOCATIONS
|
Registered Office : |
42-B, 4th Floor, 23 K.G. Marg, Himalaya House, |
|
Tel. No.: |
91-11-23715430 |
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Mobile No.: |
91-9990903637 (Mr. Sandeep) 91-9971146149 (Mr. Pawan) |
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Fax No.: |
91-11-23715430 / 4503313 |
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E-Mail : |
sandeep.punia@veritechindia.com sales@veritechindia.com
(Domestic Enquiry) enquiry@veritechindia.com
(International Enquiry) |
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Website : |
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Location : |
Owned |
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Head Office/ Factory 1 : |
B-1, Sector – 6, Gautam Budha Nagar, Noida – 201 301, |
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Tel. No.: |
91-120-4503301/ 4503300/ 08/ 4247450/ 4247451 |
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Fax No.: |
91-120-4261635 |
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Factory 2: |
Plot No.39, Ecotech Extn Part -
1, Greater Noida – 201306, |
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Branch Office : |
Located at: v
v Mumbai v
v Chennai v
v Kolkata v Pune v Jaipur v
v Ahmedabad |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Deepak Charat Ram Shriram |
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Designation : |
Director |
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Address : |
26C, Sardar Patel Marg, New Delhi – 110 021, India |
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Date of Birth/Age : |
24.03.1942 |
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Date of Appointment : |
18.03.1993 |
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DIN No.: |
00055636 |
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Other Directorship :
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Name : |
Mr. Luv Deepak Shriram |
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Designation : |
Managing Director |
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Address : |
26C, Sardar Patel Marg, New Delhi – 110 021, India |
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Date of Birth/Age : |
02.08.1972 |
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Date of Appointment : |
03.05.2014 |
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DIN No.: |
00051065 |
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Other Directorship :
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Name : |
Mr. Ramesh Babu Sharma |
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Designation : |
Director |
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Address : |
Aashirwad, 4287/3, Ansari Road, Daryaganj, New Delhi – 110 002, India |
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Date of Birth/Age : |
13.12.1952 |
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Date of Appointment : |
02.05.2008 |
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DIN No.: |
00050604 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Girinder Kumar |
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Designation : |
Secretary |
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Address : |
C-508, Prabhat Apartment, Plot No.11, Sector – 23, Dwarka, |
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Date of Birth/Age : |
03.10.1968 |
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Date of Appointment : |
02.05.2002 |
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Pan No.: |
AAOPK0214C |
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|
Name : |
Mr. Pawan |
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Designation : |
Import Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Equity Shareholders |
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No. of Shares |
|
Luv Deepak Shriram |
|
126720 |
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Anita Taneja |
|
24590 |
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Anjali Taneja |
|
14590 |
|
Sera Com Private Limited, |
|
30000 |
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Total |
|
195900 |
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Names of Preference Shareholders |
|
No. of Shares |
|
Sera Com Private Limited, |
|
125000 |
|
Manisha Commercial Private Limited, |
|
40000 |
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Total |
|
165000 |
AS ON 27.12.2013
|
Names of Preference Shareholders [Allottees] |
|
No. of Shares |
|
Sera Com Private Limited, |
|
10000 |
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Manisha Commercial Private Limited, |
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2500 |
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Total |
|
12500 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
15.31 |
|
Directors
or relatives of directors |
|
64.69 |
|
Other
top fifty shareholders |
|
20.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Paper Labels and Holograms. |
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Products : |
v Labels v Holograms v Stamping Foils v Packaging Films v Shrink Sleeves v Induction Seals v Lamination Films v Lenticulars |
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Exports : |
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Products : |
v Paper Labels v Hologram |
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Countries : |
v Gulf Countries v
v
v
v
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Terms : |
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Selling : |
Cheque and Credit (30 days) |
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Purchasing : |
Cheque and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Others (Corporate) |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· Axis Bank Limited · Syndicate Bank · Axis Bank Limited. 4/10, Opg House, Asaf Ali Road, New Delhi – 110002, India · Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, India |
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Facilities : |
Notes: LONG TERM
BORROWINGS Corporate loans
of Rs.21.000 Millions is
secured by first hypothecation on entire current assets and movable fixed
assets (excluding vehicles) of the company. It is further secured by way of
personal guarantee of Shri Luv D. Shriram , Director of the Company. The loan
carries interest ranging between 12%
to 13% p.a payabie at
monthly intervals. (ii) Corporate
loan of Rs.23.700 Millions taken
in June.2012 is secured
by Rrst and exclusive charge over company immwable property i.e industrial
plot No. 39 situated at
Greater Noida, District Gautam Budh Nagar (U.P) together with all buildings
and structures thereon or to be built thereon. it is further secured
by way of personal guarantee of Shri Luv D. Shriram . Director of the Company.
The loan carries interest ranging between 12% to 13% p.a
payable at monthly intervals. (ill) Vehicle
loan is secured by way of hypothecation of vehicle, which is purchased from
this loan. The loan carries interest ranging between 11.5% to 12% p.a
payable at monthly intervals. SHORT TERM BORROWINGS The nature of Security for borrowings are as under: The cash credit
is secured against exclusive first hypothecation charge on entire current assets
(present and future) of the company and coilaterally by way of exclusive
equitable mortgage aver Residential
property at S-2OA, Windsar Court, DLF iV, Gurgaon in the name of Shri Luv DShriram, Director of the
company. It is further secured by way of personal guarantee of Shri Luv D.
Shriam , Director of the Company. The loan carries interest ranging between
12% to 13% pa payable at monthly intervals. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.R. Dinodia and Company Chartered Accountants |
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Address : |
K 39, |
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Tel. No.: |
91-11-23418016 /23417630 /41521358/ 43703300 |
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Fax No.: |
91-11-41513666 |
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E-Mail : |
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Website : |
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PAN No.: |
AACFS2559N |
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Associates/Subsidiaries : |
v
Shriram Pistons and Rings Limited v
Shriram Cement v
Shriram Automotive Products Limited v
Shriram Alpine Sales Private Limited v
Deepak C. Shriram and Sons v
Sera Com Private limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
200000 |
Preference Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
Total |
|
Rs.70.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
195900 |
Equity Shares |
Rs.100/-
each |
Rs.19.590
Millions |
|
177500 |
Preference Shares |
Rs.100/- each |
Rs.17.750
Millions |
|
|
Total |
|
Rs.37.340 Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
200000 |
Preference Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
Total |
|
Rs.70.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
195900 |
Equity Shares |
Rs.100/-
each |
Rs.19.590
Millions |
|
165000 |
Preference Shares |
Rs.100/- each |
Rs.16.500
Millions |
|
|
Total |
|
Rs.36.090 Millions |
FINANCIAL DATA
[All figures are in
Rupees Millions]
NOTE :
Financial Details File are attached.
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
33.090 |
33.090 |
36.090 |
|
Reserves & Surplus |
12.515 |
19.833 |
44.743 |
|
Net
worth |
45.605 |
52.923 |
80.833 |
|
|
|
|
|
|
long-term borrowings |
32.824 |
20.624 |
22.038 |
|
Short term borrowings |
12.764 |
16.607 |
10.160 |
|
Total
borrowings |
45.588 |
37.231 |
32.198 |
|
Debt/Equity
ratio |
1.000 |
0.703 |
0.398 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
119.557 |
151.177 |
216.028 |
|
|
|
26.448 |
42.897 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
119.557 |
151.177 |
216.028 |
|
Profit/(Loss) After Tax |
4.283 |
10.850 |
28.691 |
|
|
3.58% |
7.18% |
13.28% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and
Advances from related parties |
3.853 |
8.793 |
|
|
|
|
|
Total |
3.853 |
8.793 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458074 |
28/10/2013 |
10,000,000.00 |
Axis Bank
Limited |
2ND FLOOR, STATESMAN
HOUSE, 148, BARAKHAMBA ROAD, |
B88713763 |
|
2 |
10392163 |
28/10/2013 * |
113,450,000.00 |
Axis Bank
Limited |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B88712880 |
|
3 |
10365442 |
16/06/2012 |
40,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B43617067 |
|
4 |
10238868 |
28/10/2013 * |
17,500,000.00 |
Axis Bank
Limited |
2ND FLOOR, STATESMAN
HOUSE, 148, BARAKHAMBA ROAD, |
B88713409 |
|
5 |
10238866 |
16/06/2012 * |
30,950,000.00 |
AXIS BANK LTD. |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B43616283 |
|
6 |
10144274 |
16/06/2012 * |
15,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B43617539 |
* Date of charge modification
FIXED ASSETS:
· Plant Machinery
· Furniture and Fittings
· Air Conditioner
· Electrical Installations
· Office Equipments
· Electric Generators
· Dies
· Tools and Equipments
· Computers
· Vehicles
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] 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.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.