MIRA
INFORM REPORT
|
Report Date : |
16.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
A-ONE STEEL AND ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 852, Back portion,1st Floor/A, 'D' Block,
Sahakarnagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.04.2012 |
|
|
|
|
Com. Reg. No.: |
063439 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 33.074 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28999KA2012PTC063439 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of MS Steel Ballets. |
|
|
|
|
No. of Employees
: |
62 (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 190000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having a moderate track. Mr. Pankaj Bansal (Consultant) has provided us with general
information and he also confirmed that the company has started its business
activity from 10th June, 2013. However, trade relations are reported to be improving. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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. Pankaj Bansal |
|
Designation : |
Consultant |
|
Contact No.: |
91-8105304301 |
|
Date : |
16.09.2014 |
LOCATIONS
|
Registered Office / Head Office : |
No. 852, Back portion, 1st Floor/A, 'D' Block,
Sahakarnagar, Bangalore - 560092, Karnataka, India |
|
Tel. No.: |
91-80-41108405 |
|
Mobile No.: |
91-8105304301 (Mr. Pankaj Bansal) 91-9922271000 (Mr. Sunil) 91-9972223941 (Mr. Sandeep) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
900 Sq.ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Plot No IP 62 and IP 63, 1st Phase, KIADB Industrial, Gowribidanur, |
|
|
|
|
Branch : |
Sy No.85/5, No.6, Chokkanahalli Village, Jakkur Post, Yelahanka –
560064, Karnataka, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sandeep Kumar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 22, 1st Floor, Sirsa Club, Janta Bhavan Road,
Sirsa – 125055, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.07.1977 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.04.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
02112630 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Kumar Jallan |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-002, Purva Paramount, 24th Main, 25th Cross, HSR Layout, Second Sector, Bangalore - 560034, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.05.1973 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.04.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
02150846 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Bansal |
|
Designation : |
Consultant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep Kumar Jalan |
|
100 |
|
Sunil Kumar Jallan |
|
13440 |
|
Naresh Kumar and Rita |
|
9000 |
|
Yogesh Kumar |
|
12500 |
|
Krishan Kumar Aggarwal |
|
4000 |
|
Vikas Kumar Mittal |
|
15000 |
|
Mal Chand |
|
10000 |
|
Manju Devi Bansal |
|
10000 |
|
Parbha Devi |
|
4000 |
|
Raj Kumar Bansal |
|
10000 |
|
Ravi Kumar bansal |
|
10000 |
|
Yashpal Madan |
|
10000 |
|
Krishan Kumar Jallan and Son |
|
4500 |
|
Mona Jalan |
|
3600 |
|
Krishan Kumar Jallan |
|
39000 |
|
Suminder Singh |
|
13600 |
|
Krishan Lal |
|
12000 |
|
Gurmit Singh and Karan Singh |
|
5000 |
|
Dharam Chand |
|
9000 |
|
Buta Singh |
|
5000 |
|
Ajmer Singh |
|
6000 |
|
Ashok Kumar Goyal HUF |
|
10000 |
|
Nishikant |
|
15000 |
|
Vinod Brothers |
|
100000 |
|
|
|
|
|
Total |
|
330740 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of MS Steel Ballets. |
|
|
|
|
Exports : |
|
|
Products : |
MS Steel Ballets |
|
Countries : |
Sri Lanka |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
MS Metals and Steels Private Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Wholesaler and Retailers ·
Prime Gold International Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
62 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of India, Main Branch, Hindupur - 515201, Andhra Pradesh, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Term Loan + Cash Credit = Rs. 160.000 Millions
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R Singhvi and Associates Chartered Accountants |
|
Address : |
F-113, Ground Floor, Central Chambers, 2nd Main, Gandhi
Nagar, Bangalore - 560009, Karnataka, India |
|
PAN No.: |
AABFR5237R |
|
|
|
|
Associates/Subsidiaries : |
A One Steel India Private Limited Address : No. 852,
Back portion, 1st Floor/A, 'D' Block, Sahakarnagar, Bangalore
- 560092, Karnataka, India Line of Business
:
Manufacturer of TMT Bars, Alloys etc. |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700,000 |
Equity Shares |
Rs.100/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
330,740 |
Equity Shares |
Rs.100/- each |
Rs. 33.074 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
33.074 |
0.100 |
|
(b) Reserves & Surplus |
|
(0.778) |
(1.377) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
13.750 |
17.010 |
|
Total
Shareholders’ Funds (1) + (2) |
|
46.046 |
15.733 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
105.954 |
56.373 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
105.954 |
56.373 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
86.677 |
0.000 |
|
(b) Trade payables |
|
74.618 |
10.836 |
|
(c) Other current liabilities |
|
21.046 |
0.000 |
|
(d) Short-term provisions |
|
0.056 |
0.000 |
|
Total
Current Liabilities (4) |
|
182.397 |
10.836 |
|
|
|
|
|
|
TOTAL |
|
334.397 |
82.942 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
81.768 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
56.348 |
|
(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 |
|
19.841 |
5.366 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
101.609 |
61.714 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
124.347 |
0.000 |
|
(c) Trade receivables |
|
90.816 |
0.000 |
|
(d) Cash and cash equivalents |
|
3.276 |
1.794 |
|
(e) Short-term loans and
advances |
|
12.817 |
19.434 |
|
(f) Other current assets |
|
1.532 |
0.000 |
|
Total
Current Assets |
|
232.788 |
21.228 |
|
|
|
|
|
|
TOTAL |
|
334.397 |
82.942 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
661.198 |
Nil
|
|
|
Other Income |
|
0.000 |
Nil |
|
|
TOTAL
|
|
661.198 |
Nil |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
455.173 |
Nil |
|
|
Employees benefits expense |
|
4.834 |
Nil |
|
|
Other expenditure |
|
175.241 |
Nil |
|
|
Others (Pre-Operative) |
|
1.259 |
1.377 |
|
|
TOTAL
|
|
636.507 |
1.377 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
24.691 |
(1.377) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
15.597 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
9.094 |
(1.377) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
8.496 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
0.598 |
(1.377) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
0.598 |
(1.377) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
1.80 |
--- |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
PAT / Total Income |
(%) |
|
0.09 |
Nil |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.09 |
Nil |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.18 |
(5.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.01 |
(0.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
4.18 |
3.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.28 |
1.96 |
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 |
|
0.100 |
33.074 |
|
Reserves & Surplus |
|
(1.377) |
(0.778) |
|
hare Application money pending
allotment |
|
17.010 |
13.750 |
|
Net
worth |
|
15.733 |
46.046 |
|
|
|
|
|
|
long-term borrowings |
|
56.373 |
105.954 |
|
Short term borrowings |
|
0.000 |
86.677 |
|
Total
borrowings |
|
56.373 |
192.631 |
|
Debt/Equity
ratio |
|
3.583 |
4.183 |
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
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
No |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10423650 |
30/03/2013 |
160,000,000.00 |
STATE BANK OF
INDIA |
MAIN BRANCH,
HINDUPUR, ANDHRA PRADESH - 515201, INDIA |
B74402280 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
NA |
7.752 |
|
Others [Share Holders and Inter Corporate Loans] |
NA |
32.000 |
|
|
|
|
|
Total |
NA |
39.752 |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Furniture and fixtures
·
Office Equipment
·
Computer
·
Vehicle
·
Electrical vehicles
·
Software
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 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.60.99 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-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 |
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 |
|
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.