MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRESTO STANTEST PRIVATE LIMITED |
|
|
|
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Registered
Office : |
C – 119, Flatted Factory Complex, Okhla Industrial Area, Phase III, |
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Country : |
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|
Financials (as
on) : |
31.03.2014 |
|
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Date of
Incorporation : |
12.06.1997 |
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Com. Reg. No.: |
55-087892 |
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Capital
Investment / Paid-up Capital : |
Rs.5.334 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33125DL1997PTC087892 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP06795F |
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|
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PAN No.: [Permanent Account No.] |
AAACP9778K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Testing Equipments and
Material Testing Equipments |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 73000 |
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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. General financial position of the company seems to be sound and healthy.
Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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
|
Name : |
Mr. Umesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-129-4272727 |
|
Date : |
24.12.2014 |
LOCATIONS
|
Registered Office : |
C – 119, Flatted Factory Complex, Okhla Industrial Area, Phase III, |
|
Tel. No.: |
91-129-4085000 |
|
Fax No.: |
91-129-4083111 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10,000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
I-42, DLF Industrial Area, Phase-1, |
|
Tel. No.: |
91-129-4272727 (100 Lines) |
|
Fax No.: |
91-12-4083111 |
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|
|
|
Branches 1 : |
503 B, Fair Link Centre, Opposite Fame Adlabs, Behind Monginis, Off
Linking Road, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Tel. No.: |
91-22-42957052 / 42957053 |
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E-Mail : |
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|
|
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Branches 2 : |
93, 3rd Floor, Karnani Estate 209, A.J.C. Bose Road, Kolkata – 700017,
West Bengal, India |
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Tel. No.: |
91-33-40612012 |
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E-Mail : |
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|
Branches 3 : |
A-3,First Floor, Sri Sathya Sai Building,755, Poonamallee High Road,
Kilpauk Chennai – 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-43865260 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vishal Malhotra |
|
Designation : |
Whole-Time Director |
|
Address : |
House No.7, Block IV, Erose |
|
Date of Birth/Age : |
08.09.1972 |
|
Date of Appointment : |
20.06.1997 |
|
DIN No.: |
00530773 |
|
|
|
|
Name : |
Mr. Gaurav Malhotra |
|
Designation : |
Whole-Time Director |
|
Address : |
House No.7, Block IV, Erose |
|
Date of Birth/Age : |
24.01.1975 |
|
Date of Appointment : |
20.06.1997 |
|
DIN No.: |
00530803 |
|
|
|
|
Name : |
Mr. Anil Malhotra |
|
Designation : |
Director |
|
Address : |
House No.7, Block IV, Erose |
|
Date of Birth/Age : |
03.09.1944 |
|
Date of Appointment : |
20.06.1997 |
|
DIN No.: |
02038482 |
KEY EXECUTIVES
|
Name : |
Mr. Umesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vishal Malhotra |
171100 |
32.08 |
|
Gaurav Malhotra |
168100 |
31.51 |
|
Anil Malhotra |
74100 |
13.89 |
|
Veena Malhotra |
100 |
0.02 |
|
Kanika Malhotra |
60000 |
11.25 |
|
Pooja Malhotra |
60000 |
11.25 |
|
Total |
533400 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Testing Equipments and
Material Testing Equipments |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
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|
Agencies Held : |
Not Divulged |
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Exports : |
|
|
Products : |
·
Testing Equipments ·
Material Testing Equipments |
|
Countries : |
·
Worldwide |
|
|
|
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Imports : |
|
|
Products : |
·
Testing Equipments ·
Material Testing Equipments |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
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|
Selling : |
Cash, Advance Payment and Cheque |
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|
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS (As on 31.03.2012)
|
Particulars |
Actual
Production |
|
Finished Goods |
1651 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, End Users and Manufacturer
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Axis Bank Limited, Plot No 40, SCO Sector 7, Huda Main
Market Ballabhgarh, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Satish Singla and Company Chartered Accountants |
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Address : |
1st Floor, SCO-107, Sector-17, |
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PAN No.: |
AEZPS2994A |
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|
|
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Membership : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
Rs.10/- each |
Rs.8.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
533400 |
Equity Shares |
Rs.10/- each |
Rs.5.334 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.334 |
5.234 |
5.109 |
|
(b) Reserves & Surplus |
20.170 |
16.483 |
13.403 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.500 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
25.504 |
22.217 |
18.512 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.254 |
1.609 |
2.972 |
|
(b) Deferred tax liabilities (Net) |
0.760 |
0.708 |
0.395 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.638 |
0.475 |
0.245 |
|
Total Non-current
Liabilities (3) |
2.652 |
2.792 |
3.612 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
14.312 |
17.074 |
8.734 |
|
(b) Trade
payables |
3.918 |
3.476 |
1.829 |
|
(c) Other
current liabilities |
6.004 |
5.857 |
4.938 |
|
(d) Short-term
provisions |
2.292 |
1.217 |
0.766 |
|
Total Current
Liabilities (4) |
26.526 |
27.624 |
16.267 |
|
|
|
|
|
|
TOTAL |
54.682 |
52.633 |
38.391 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
36.707 |
39.293 |
27.872 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.243 |
0.088 |
0.088 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.110 |
0.985 |
0.928 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
41.060 |
40.366 |
28.888 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.977 |
5.942 |
5.243 |
|
(c) Trade
receivables |
4.697 |
3.761 |
2.611 |
|
(d) Cash
and cash equivalents |
1.487 |
1.016 |
0.770 |
|
(e)
Short-term loans and advances |
1.447 |
1.526 |
0.850 |
|
(f) Other
current assets |
0.014 |
0.022 |
0.029 |
|
Total
Current Assets |
13.622 |
12.267 |
9.503 |
|
|
|
|
|
|
TOTAL |
54.682 |
52.633 |
38.391 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
110.143 |
84.305 |
76.415 |
|
|
|
Other Income |
4.958 |
2.671 |
1.719 |
|
|
|
TOTAL (A) |
115.101 |
86.976 |
78.134 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
53.096 |
51.221 |
|
|
|
Changes in inventories of finished goods, work‐in‐progress and Stock‐in‐Trade |
|
(0.905) |
(0.123) |
|
|
|
Employee Benefit Expense |
|
17.479 |
12.992 |
|
|
|
Other Expenses |
|
7.983 |
6.717 |
|
|
|
TOTAL (B) |
104.387 |
77.653 |
70.807 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.714 |
9.323 |
7.327 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.408 |
2.087 |
1.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.306 |
7.236 |
5.903 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3.617 |
3.346 |
2.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
4.689 |
3.890 |
3.303 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.402 |
1.184 |
1.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.287 |
2.706 |
2.264 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
16.723 |
20.636 |
13.732 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5.184 |
5.776 |
3.191 |
|
|
TOTAL IMPORTS |
5.184 |
5.776 |
3.191 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.00 |
4.00 |
4.43 |
|
Expected Sales (2014-2015): Rs.120.000
The above information has been parted by Mr. Umesh (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.98 |
3.21 |
2.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.73 |
11.06 |
9.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.30 |
7.40 |
8.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.18 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.61 |
0.84 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.51 |
0.44 |
0.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
5.109 |
5.234 |
5.334 |
|
Reserves & Surplus |
13.403 |
16.483 |
20.170 |
|
Share Application money pending
allotment |
0.000 |
0.500 |
0.000 |
|
Net
worth |
18.512 |
22.217 |
25.504 |
|
|
|
|
|
|
long-term borrowings |
2.972 |
1.609 |
1.254 |
|
Short term borrowings |
8.734 |
17.074 |
14.312 |
|
Total
borrowings |
11.706 |
18.683 |
15.566 |
|
Debt/Equity
ratio |
0.632 |
0.841 |
0.610 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
76.415 |
84.305 |
110.143 |
|
|
|
10.325 |
30.648 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Sales
|
76.415 |
84.305 |
110.143 |
|
Profit |
2.264 |
2.706 |
3.287 |
|
|
2.96% |
3.21% |
2.98% |
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
Note: The Registered Office
of the company has been shifted from C-117, F.F. Complex, Okhla Industrial
Area, Phase III,
FINANCIAL AND
BUSINESS PERFORMANCES:
During the year subject achieved revenue of Rs.115.100 Millions in comparison to Rs.84.300 Millions made in last year. Subject made profit of Rs. 3.290 Millions during the year in comparison to Rs. 2.700 Millions made in last year. Despite of changing economic scenario subject was able to have profitable growth during the year.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Vishal Malhotra |
0.250 |
0.250 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
O.D. Account |
0.727 |
12.085 |
|
|
|
|
|
Total |
0.977 |
12.335 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10420684 |
28/03/2013 |
19,000,000.00 |
AXIS
BANK LIMITED |
PLOT
NO 40, SCO SECTOR 7, HUDA MAIN MARKET BALLABHGARH, |
B73447567 |
|
2 |
10391268 |
04/12/2012 |
2,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF |
N.H 5-R/2,
|
B63866735 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
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.