MIRA
INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
WFB BAIRD AND COMPANY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-42, Ashok Vihar, Phase – 1, |
|
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|
Country : |
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|
|
|
Financials (as
on) : |
30.04.2012 |
|
|
|
|
Date of
Incorporation : |
27.07.2004 |
|
|
|
|
Com. Reg. No.: |
55-127903 |
|
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Capital
Investment / Paid-up Capital : |
Rs.48.410 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2004PTC127903 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW5376N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Trader and Supplier of Linen Fabric, Suiting, Shirting, Trousers,
Skirts, Dresses. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track. As per registrar of companies the date of Balance Sheet i.e.,
Financials filed is shown as 30th April, 2013 but the documents related
to the financials for the year 2013 are not available from any sources. As per available financial 2012, the company has incurred a loss from
its operations. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings 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 – 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
NEWS
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 DECLINED BY
|
Name : |
Mr. Ashish Sharma |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-9687301644 |
|
Date : |
10.07.2014 |
LOCATIONS
|
Registered Office : |
F-42, Ashok Vihar, Phase – 1, New Delhi – 110052, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9687301644 (Mr. Ashish Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Head Office : |
Plot No.45 Cochin Special Economic Zone, Kakkamad, Cochin – 682037,
Kerala, India |
DIRECTORS
(AS ON 18.10.2013)
|
Name : |
Mr. William James Burgoyne Baird |
|
Designation : |
Director |
|
Address : |
Cullo House, 12 Clogher Hillsborough County Down, Northern Ireland
United Kingdom |
|
Date of Birth/Age : |
12.12.1957 |
|
Date of Appointment : |
27.07.2004 |
|
DIN No.: |
05122420 |
|
|
|
|
Name : |
Mr. Hugh Burgoyne Baird |
|
Designation : |
Director |
|
Address : |
Ballee House, Downpatrick Country Down, Northern Ireland United
Kingdom |
|
Date of Birth/Age : |
07.12.1952 |
|
Date of Appointment : |
27.07.2004 |
|
Date of Ceasing : |
22.10.2013 |
|
DIN No.: |
05122412 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Sharma |
|
Designation : |
Sales Manager |
|
|
|
|
Name : |
Jinu John Jacob |
|
Designation : |
Secretary |
|
Address : |
Kuzhithattil House, No.9, Eastern Villas, T. V. Centre Road, Kakkanad,
Ernakulam 682037, Kerala, India |
|
Date of Birth/Age : |
07.12.1972 |
|
Date of Appointment : |
14.09.2009 |
|
PAN No.: |
AEHPJ8003K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 18.10.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
WFB Baird and Company Limited, Ireland |
|
4840980 |
|
John Hanna Limited, United Kingdom |
|
1 |
|
|
|
|
|
Total |
|
4840981 |
(AS ON 31.10.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Supplier of Linen Fabric, Suiting, Shirting,
Trousers, Skirts, Dresses. |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· State Bank of India Overseas Branch, Indira Gandhi Road, Willingdon Island, Cochin –
682003, Kerala, India |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
G. Joseph and Associates Chartered Accountants |
|
Address : |
37/2038-A2,
Muttathil Lane, Kadavanthra, Cochin-682020, Kerala, India |
|
PAN No.: |
AABFG8900C |
|
|
|
|
Holding Company : |
·
WFB Baird and company Limited, United
Kingdom |
|
|
|
|
Ultimate Holding Company : |
·
Electroedit Limited, United Kingdom |
|
|
|
|
Fellow Subsidiary Company : |
·
John Hanna Limited, United Kingdom ·
Baird Mcnutt Inc, United Kingdom ·
WFB Baird Poland SP Z.O.O, Poland ·
OU Parnu Linavabrik, Estonia |
|
|
|
|
Associate : |
·
Mcnutts
Of Donegal, Ireland |
CAPITAL STRUCTURE
(AS ON 18.10.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
Rs.10/- each |
Rs.410.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4840981 |
Equity Shares |
Rs.10/- each |
Rs.48.410
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.04.2012 |
30.04.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
48.410 |
48.410 |
|
(b) Reserves & Surplus |
|
396.151 |
552.221 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
444.561 |
600.631 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5.769 |
4.519 |
|
(b) Deferred tax liabilities (Net) |
|
17.037 |
22.802 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
3.423 |
2.599 |
|
Total Non-current Liabilities (3) |
|
26.229 |
29.920 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
206.891 |
142.865 |
|
(b) Trade payables |
|
533.886 |
505.541 |
|
(c) Other current
liabilities |
|
109.558 |
99.331 |
|
(d) Short-term provisions |
|
0.683 |
13.966 |
|
Total Current Liabilities (4) |
|
851.018 |
761.703 |
|
|
|
|
|
|
TOTAL |
|
1321.808 |
1392.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
427.019 |
461.409 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
2.694 |
15.262 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.094 |
3.339 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
434.807 |
480.010 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
40.263 |
0.000 |
|
(b) Inventories |
|
369.593 |
368.002 |
|
(c) Trade receivables |
|
350.525 |
397.444 |
|
(d) Cash and cash
equivalents |
|
109.520 |
130.454 |
|
(e) Short-term loans and
advances |
|
14.444 |
11.268 |
|
(f) Other current assets |
|
2.656 |
5.076 |
|
Total Current Assets |
|
887.001 |
912.244 |
|
|
|
|
|
|
TOTAL |
|
1321.808 |
1392.254 |
|
SOURCES OF FUNDS |
|
|
30.04.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
48.410 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
533.458 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
581.868 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
41.333 |
|
|
2] Unsecured Loans |
|
|
59.330 |
|
|
TOTAL BORROWING |
|
|
100.663 |
|
|
DEFERRED TAX LIABILITIES |
|
|
15.302 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
697.833 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
494.138 |
|
|
Capital work-in-progress |
|
|
21.412 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
267.798 |
|
|
Sundry Debtors |
|
|
402.011 |
|
|
Cash & Bank Balances |
|
|
54.105 |
|
|
Other Current Assets |
|
|
3.379 |
|
|
Loans & Advances |
|
|
7.128 |
|
Total
Current Assets |
|
|
734.421 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
543.340 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
8.798 |
|
Total
Current Liabilities |
|
|
552.138 |
|
|
Net Current Assets |
|
|
182.283 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
697.833 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.04.2012 |
30.04.2011 |
30.04.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income/ |
979.600 |
1225.400 |
1313.100 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(156.100) |
18.800 |
85.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(32.25) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
30.04.2012 |
30.04.2011 |
30.04.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48 |
0.25 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.20 |
1.33 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.04.2011 |
30.04.2012 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
48.410 |
48.410 |
|
Reserves & Surplus |
552.221 |
396.151 |
|
Net worth |
600.631 |
444.561 |
|
|
|
|
|
long-term borrowings |
4.519 |
5.769 |
|
Short term borrowings |
142.865 |
206.891 |
|
Total borrowings |
147.384 |
212.660 |
|
Debt/Equity ratio |
0.245 |
0.478 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.04.2010 |
30.04.2011 |
30.04.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
1,313.100 |
1,225.400 |
979.600 |
|
|
|
(6.679) |
(20.059) |
NET PROFIT MARGIN
|
Net Profit Margin |
30.04.2010 |
30.04.2011 |
30.04.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
1,313.100 |
1,225.400 |
979.600 |
|
Profit |
85.600 |
18.800 |
(156.100) |
|
|
6.52% |
1.53% |
(15.94%) |
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 |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
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 be4en
shifted from 1081/1075, Milenium Towers – II, 10th Level Netaji Subhash
Place, Behind Pizza Hut, Pitampura, New Delhi – 110034, India, to the present
address w.e.f. 20.04.2012.
OPERATIONS
During the year, the
Company achieved a turnover of Rs.979.600 Millions. The operations of the
Company resulted in a loss of Rs.156.100 Millions. The directors are hopeful of
better results in the next year.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
·
Building
·
Factory Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computers
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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
28 |
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.