1. Summary Information
|
Reference
# |
135-402675-01-020(20140627687) |
Country |
India |
|
Company Name |
SHREE RAJ
RAJESHWAR COMMUNICATION PRIVATE LIMITED |
Principal Name 1 |
Mr. Chandu Sajanmalji Sojatiya |
|
Status |
Moderate |
Principal Name 2 |
Mr. Pradip Pundlikrao Deshmukh |
|
Our Reference # |
274560 |
Registration # |
11-248692 |
|
Street Address |
Shop No. 8,
Ustav Sankul, Gandhi Square, Akola -444001, Maharashtra, India |
||
|
Established Date |
30.09.2013 |
SIC Code |
-- |
|
Telephone# |
91-724-2444774 /
24434454 |
Business Style 1 |
Service Provider of Broadcasting network System. |
|
Fax # |
91-724-2444774 |
Business Style 2 |
Mobile System |
|
Homepage |
---- |
Product Name 1 |
Information Technology |
|
# of employees |
60
(Approximately) |
Product Name 2 |
---- |
|
Paid up capital |
Rs. 1,000,000/- |
Product Name 3 |
---- |
|
Shareholders |
---- |
Banking |
Information
Technology |
|
Public Limited Corp. |
No |
Business Period |
1 Year |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 (Proprietary
Concern) |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,795,000 |
Current Liabilities |
154,000 |
|
Inventories |
000 |
Long-term Liabilities |
3,889,000 |
|
Fixed Assets |
000 |
Other Liabilities |
597,000 |
|
Deferred Assets |
000 |
Total Liabilities |
4,640,000 |
|
Invest& other Assets |
0.000 |
Retained Earnings |
000 |
|
|
|
Net Worth |
155,000 |
|
Total Assets |
4,795,000 |
Total Liab. & Equity |
4,795,000 |
|
Total Assets (Previous Year) |
2,390,000 |
|
|
|
P/L Statement as of |
31.03.2013 (Proprietary
Concern) |
(Unit: Indian Rs.) |
|
|
Sales |
7,315,000 |
Net Profit |
208,000 |
|
Sales(Previous yr) |
468,000 |
Net Profit(Prev.yr) |
519,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.07.2014 |
|
|
|
|
Tel. No.: |
+91 7242444774 |
|
E-Mail : |
shrirajrajeshwarcomm@gmail,com |
Note: Correct name of the company is SHREE RAJ RAJESHWAR
COMMUNICATION PRIVATE LIMITED
IDENTIFICATION DETAILS
|
Name : |
SHREE RAJ RAJESHWAR COMMUNICATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 8, Ustav Sankul, Gandhi Square, Akola -444001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials as on |
31.03.2013 (Proprietary Concern) |
|
|
|
|
Date of
Incorporation : |
30.09.2013 (Private Limited Company) 2008 (Proprietary Concern) |
|
|
|
|
Com. Reg. No.: |
11-248692 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2013PTC248692 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of Broadcasting network System, Mobile System,
Information Technology. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Shree Raj Rajeshwar Cement Depot proprietary
concern incorporated during the year 2008 and later on 30th
September, 2013 it got converted into Shree Raj Rajeshwar communication
private limited. It is having a moderate track record. The latest financial are not
available. Mr. Chandu Sojatiya (Director) has confirmed that prior to the
conversion the concern has achieved a huge external borrowings. However, trade relations are reported s fair. Business is active as
per the status shown in the Registrar of Companies. Payment terms are
reported to be slow but correct. The subject can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 (GENERAL DETAILS)
|
Name : |
Mr. Chandu Sojatiya |
|
Designation : |
Director |
|
Contact No.: |
91-9096846111 |
|
Date : |
30.06.2014 |
LOCATIONS
|
Registered Office : |
Shop No. 8, Ustav Sankul, Gandhi Square, Akola -444001, Maharashtra,
India |
|
Tel. No.: |
91-724-2444774 / 24434454 |
|
Mobile No.: |
91-9096846111 (Mr. Chandu) |
|
Fax No.: |
91-724-2444774 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 20.08.2013
|
Name : |
Mr. Chandu Sajanmalji Sojatiya |
|
Designation : |
Director |
|
Address : |
1st Floor, Yash Tower, Dhanraj Lane, Sakkarsath, Amravati- 444601, Maharashtra,
India |
|
Date of Birth/Age : |
25.07.1960 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06559023 |
|
PAN No.: |
ACEPS1410N |
|
|
|
|
Name : |
Mr. Pradip Pundlikrao Deshmukh |
|
Designation : |
Director |
|
Address : |
Pankaj Niwas, Sudhir Colony, Akola- 444001, Maharashtra, india |
|
Date of Birth/Age : |
17.12.1963 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02225079 |
|
PAN No.: |
ADTPD2895A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.08.2013
|
Names of Shareholders |
No. of Shares |
|
Chandu Sajanmalji Sojatiya |
5000 |
|
Pradip Pundlikrao Deshmukh |
5000 |
|
TOTAL |
10000 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Broadcasting network System, Mobile System, Information
Technology. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Others |
|
|
|
|
No. of Employees : |
60 (Approximately) |
|
|
|
|
Bankers : |
Bank of Maharashtra, Akola, Maharashtra, India. |
|
|
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
P. N. Kakani and Associates Chartered Accountants |
|
Name 2 : |
A.G. Pimperkhed and Company Chartered Accountants |
|
Address : |
Ratanlal Plots, Akola, Maharashtra, India |
|
Tel No. : |
91-724-2439713 |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/-
each |
Rs. 1.000
Million |
|
|
|
|
|
Shree
Raj Rajeshwar Cement Depot, Akola (Proprietary Concern)
As on 31.03.2013
Proprietary
Capital Account
|
Particulars |
Rs.
In Million |
|
Opening Balance |
(1.101) |
|
Add: Addition |
2.660 |
|
Interest Received |
0.019 |
|
Rent Received |
0.168 |
|
Add : N. P. During YR. |
0.209 |
|
|
1.955 |
|
Less : Withdrawal |
1.800 |
|
TOTAL |
0.115 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
SHREE
RAJ RAJESHWAR CEMENT DEPOT, AKOLA (PROPRIETARY CONCERN)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
0.155 |
(1.101) |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.155 |
(1.101) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2.128 |
1.767 |
|
|
2] Unsecured Loans |
|
1.761 |
1.461 |
|
|
TOTAL BORROWING |
|
3.889 |
3.228 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.044 |
2.127 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
4.374 |
1.731 |
|
|
Cash & Bank Balances |
|
0.031 |
0.365 |
|
|
Other Current Assets |
|
0.054 |
0.002 |
|
|
Loans, Advances and Deposits |
|
0.336 |
0.292 |
|
Total
Current Assets |
|
4.795 |
2.390 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.585 |
0.109 |
|
|
Other Current Liabilities |
|
0.154 |
0.154 |
|
|
Provisions |
|
0.012 |
0.000 |
|
Total
Current Liabilities |
|
0.751 |
0.263 |
|
|
Net Current Assets |
|
4.044 |
2.127 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.044 |
2.127 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
7.315 |
6.048 |
|
|
|
Other Income |
|
0.412 |
0.468 |
|
|
|
TOTAL |
|
7.727 |
6.516 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
7.060 |
5.940 |
|
|
|
Accounting Charges |
|
0.012 |
0.000 |
|
|
|
Bank Comm. |
|
0.003 |
0.000 |
|
|
|
Insurance |
|
0.002 |
0.000 |
|
|
|
Bank INTT |
|
0.379 |
0.008 |
|
|
|
Salary Expenses |
|
0.048 |
0.001 |
|
|
|
Shop Expenses |
|
0.015 |
0.048 |
|
|
|
TOTAL |
|
7.519 |
5.997 |
|
|
|
|
|
|
|
|
|
NET
PROFIT |
|
0.208 |
0.519 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total
Income |
(%) |
|
0.02 |
0.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.02 |
0.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.04 |
0.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.34 |
(0.47) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
25.09 |
(2.93) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.38 |
9.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
(1.101) |
0.155 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
(1.101) |
0.155 |
|
|
|
|
|
Secured Loans |
1.767 |
2.128 |
|
Unsecured Loans |
1.461 |
1.761 |
|
Total
borrowings |
3.228 |
3.889 |
|
Debt/Equity
ratio |
(2.932) |
25.090 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
6.048 |
7.315 |
|
|
20.949 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
6.048 |
7.315 |
|
Net Profit |
0.519 |
0.208 |
|
|
8.58% |
2.84% |
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 two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
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 |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
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. 59.79 |
|
|
1 |
Rs. 102.66 |
|
Euro |
1 |
Rs. 82.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
3PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.