MIRA
INFORM REPORT
|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHESHWARI BROTHERS |
|
|
|
|
Registered
Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396 195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
1992 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.914 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABXPM7234N |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer and commission agent in coal, lignite, waste paper. |
|
|
|
|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 104000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a moderate track
record. Profitability of the concern is low. However, trade relations are fair. Business is active. Payment terms
reported to be slow but correct. The concern can be considered for business dealing with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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 PARTED BY
|
Name : |
Mr. Neeraj Prem Narayan Maheshwari |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9879596309 |
|
Date : |
08.02.2014 |
LOCATIONS
|
Registered Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat,
India |
|
Tel. No.: |
91-260-2431024 |
|
Mobile No.: |
91-9879596309 (Mr. Neeraj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
250 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Neeraj Prem Narayan Maheshwari |
|
Address : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396 195, Gujarat,
India |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
09.12.1973 |
|
Qualification : |
B. Com |
BUSINESS DETAILS
|
Line of Business : |
Dealer and commission agent in coal, lignite, waste paper. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Rajvi Corporation ·
Sh. Swami Harigiri Paper Mills Limited ·
Shah Enterprises ·
Classic Enterprises |
|
|
|
|
Customers : |
·
Kiran Process Private Limited ·
Samkit Associates ·
RSMM Limited ·
Amit Corrugating Industries ·
Art Pack Printing Private Limited ·
Dipsi Packaging Private Limited ·
Multiplex Packaging Industries ·
Shah Paper Mills Limited ·
Shah Pulp and Paper Mills Limited ·
Best Paper Mills Private Limited |
|
|
|
|
No. of Employees : |
4 (Approximately) |
|
|
|
|
Bankers : |
·
IndusInd Bank, Vapi Branch, Gujarat, India ·
HDFC Bank Limited ·
ICICI Bank Limited ·
State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kakariya and Associates Chartered Accountants |
|
Address : |
Kakaria’s Excellenza’s, Royal Fortune Complex, Daman Road, Chala, Vapi
– 396191, Gujarat, India |
|
Tel. No.: |
91-260-3981000 (30 Lines) |
|
E-Mail : |
|
|
Website : |
CAPITAL STRUCTURE
Capital Account As on 31.03.2013
(Rs. In Millions)
|
Particulars |
Debit |
Credit |
|
|
|
|
|
By Balance B/F |
|
32.115 |
|
Cash |
|
13.000 |
|
Net Profit transfer to capital A/c (MB) |
|
0.072 |
|
Net Profit transfer to capital A/c (MBB) |
|
0.492 |
|
Mukta Maheshwari |
|
0.702 |
|
Dividend |
|
0.000 |
|
Rakesh Babubhai Shah |
|
1.600 |
|
Jagdish Patel |
|
0.500 |
|
Mahesh Roadways |
|
0.182 |
|
Arihant Avenue and credit limited |
|
30.052 |
|
|
|
|
|
TOTAL |
|
78.715 |
|
|
|
|
|
To Bank |
4.560 |
|
|
Income Tax Penalty (A.Y. 2009-2010) |
0.017 |
|
|
Accident Claim received |
0.012 |
|
|
TDS A/C Plot |
0.046 |
|
|
Advance Tax (A.Y. 2013-2014) |
0.150 |
|
|
Maheshwari Brothers Barmer |
10.280 |
|
|
Arihant Avenue and credit limited |
27.800 |
|
|
Krishna Corporation |
8.142 |
|
|
Mukta Mahashwari |
0.650 |
|
|
T.C.S. Receivable A/C (A.Y. 2013-2014) |
0.347 |
|
|
T.D.S. Receivable A/C (A.Y. 2013-2014) |
0.797 |
|
|
Balance C/F |
25.914 |
|
|
|
|
|
|
Total |
78.715 |
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
25.914 |
32.115 |
31.124 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.914 |
32.115 |
31.124 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
1.947 |
|
|
2] Unsecured Loans |
60.262 |
54.364 |
47.030 |
|
|
TOTAL BORROWING |
60.262 |
54.364 |
48.977 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
86.176 |
86.479 |
80.101 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.968 |
1.075 |
1.207 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
8.023
|
7.930 |
1.668 |
|
|
Cash & Bank Balances |
4.882
|
12.416 |
6.118 |
|
|
Other Current Assets |
34.051
|
0.009 |
0.009 |
|
|
Loans & Advances |
63.658
|
71.880 |
72.730 |
|
Total
Current Assets |
110.614
|
92.235 |
80.525 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.452
|
5.867 |
0.902 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.729
|
0.964 |
0.729 |
|
Total
Current Liabilities |
36.181
|
6.831 |
1.631 |
|
|
Net Current Assets |
76.433
|
85.404 |
78.894 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Maheshwari Brother Barmer (Branch A/c) |
10.775 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
86.176 |
86.479 |
80.101 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
79.577 |
142.839 |
208.747 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
79.577 |
142.839 |
208.747 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
76.146 |
130.582 |
196.747 |
|
|
|
Compensation to employees |
0.248 |
0.350 |
0.346 |
|
|
|
Insurance |
0.018 |
0.010 |
0.062 |
|
|
|
Telephone expenses |
0.013 |
0.051 |
0.053 |
|
|
|
Audit fees |
0.032 |
0.049 |
0.041 |
|
|
|
Bad Debts Written Off |
0.000 |
0.221 |
0.000 |
|
|
|
Sales tax |
0.000 |
5.633 |
8.037 |
|
|
|
Bank charges |
0.044 |
0.056 |
0.007 |
|
|
|
Bill Discounting charges |
0.000 |
0.031 |
0.000 |
|
|
|
Printing and stationery |
0.003 |
0.021 |
0.015 |
|
|
|
Commission |
0.000 |
0.000 |
0.150 |
|
|
|
Vehicle expenses |
(0.012) |
(0.053) |
0.021 |
|
|
|
Office expenses |
0.014 |
0.001 |
0.018 |
|
|
|
Petrol expenses |
0.005 |
0.015 |
0.036 |
|
|
|
Discount |
0.000 |
0.000 |
0.041 |
|
|
|
Legal and professional fees |
0.000 |
0.010 |
0.000 |
|
|
|
Kasar and shortage |
0.001 |
0.002 |
0.137 |
|
|
|
Consultancy fees |
0.010 |
0.000 |
0.010 |
|
|
|
Miscellaneous expenses |
0.000 |
0.011 |
0.000 |
|
|
|
Membership fees |
0.011 |
0.001 |
0.000 |
|
|
|
Loan processing charges |
0.070 |
0.062 |
0.062 |
|
|
|
Electricity expenses |
0.005 |
0.000 |
0.007 |
|
|
|
Notified area |
0.002 |
0.021 |
0.002 |
|
|
|
Interest on TDS or TCS |
0.001 |
0.000 |
0.000 |
|
|
|
Postage expenses |
0.002 |
0.005 |
0.004 |
|
|
|
TOTAL (B) |
76.613 |
137.079 |
205.796 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.964 |
5.742 |
2.951 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.785 |
5.332 |
1.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.179 |
0.410 |
0.953 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.107 |
0.131 |
0.163 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.072 |
0.279 |
0.790 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.072 |
0.297 |
0.790 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.09 |
0.20 |
0.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.09 |
0.20 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.06 |
0.30 |
0.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.01 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.33 |
1.69 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.06 |
13.50 |
49.37 |
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 |
31.124 |
32.115 |
25.914 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.124 |
32.115 |
25.914 |
|
|
|
|
|
|
Secured loans |
1.947 |
0.000 |
0.000 |
|
Unsecured loans |
47.030 |
54.364 |
60.262 |
|
Total
borrowings |
48.977 |
54.364 |
60.262 |
|
Debt/Equity
ratio |
1.574 |
1.693 |
2.325 |
%2017-Feb-2014_files/image002.gif)
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 |
|
Sales |
208.747 |
142.839 |
79.577 |
|
|
|
(31.573) |
(44.289) |
%2017-Feb-2014_files/image004.gif)
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
208.747 |
142.839 |
79.577 |
|
Profit |
0.790 |
0.279 |
0.072 |
|
|
0.38% |
0.20% |
0.09% |
%2017-Feb-2014_files/image006.gif)
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
|
Loans from others |
60.262 |
54.364 |
|
Total |
60.262 |
54.364 |
FIXED ASSETS:
·
Office Premises
·
Air Conditioners
·
Fax Machine
·
Vehicles
·
Computer
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.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
32 |
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.