MIRA INFORM REPORT
|
Report No. : |
315871 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMICHAND TECHNOLOGICAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Avtar Building, Dianal Road, P.O. Bistupur, Jamshedpur - 831001, Jharkhand |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.11.2003 |
|
|
|
|
Com. Reg. No.: |
35-010401 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26920JH2003PTC010401 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RCHA01512A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7792C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and trading of
electrical goods. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 8700 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate operational
risk profile marked by sharp dip in topline growth over previous year and
leverage capital structure of the company.
However, trade relations are fair. Business is active. Payments are
reported to be 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
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. Pramod Kumar Agrawal |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9431117680 |
|
Date : |
04.04.2015 |
LOCATIONS
|
Registered Office : |
5, Avtar Building, Dianal Road, P.O. Bistupur, Jamshedpur - 831001, Jharkhand, India |
|
Tel. No.: |
91-657-2320240 / 2320246 |
|
Mobile No.: |
91-9431117680 (Mr. Pramod Kumar Agrawal) |
|
Fax No.: |
91-657-2320246 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Pramod Kumar Agrawal |
|
Designation : |
Managing Director |
|
Address : |
C/O Oaminchand Vinod Kumar, Avtar Building, Shop-5, Digonal Road,
Jamshedpur - 831001, Jharkhand, India |
|
Date of Birth/Age : |
14.12.1966 |
|
Date of Appointment : |
03.11.2003 |
|
DIN No.: |
01255346 |
|
|
|
|
Name : |
Smrity Agrawal |
|
Designation : |
Director |
|
Address : |
H No. 3 A, Deblina Surjo Torron Apartment, Station Road Jugsalai,
Jamshedpur - 831002, Jharkhand, India |
|
Date of Birth/Age : |
07.02.1967 |
|
Date of Appointment : |
03.11.2003 |
|
DIN No.: |
01511547 |
|
|
|
|
Name : |
Mr. Ritesh Agarwal |
|
Designation : |
Director |
|
Address : |
H No 3 A, Deblina Surjo Torran Apartment, Station Road Jugsalai,
Jamshedpur - 831006, Jharkhand, India |
|
Date of Birth/Age : |
25.05.1991 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
05180955 |
|
|
|
|
Name : |
Mr. Abhishek Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Amichand Technological Private Limited, 5, Avtar Building, Diagonal
Road, Po- Bistupur, Jamshedpur - 831001, Jharkhand, India |
|
Date of Birth/Age : |
10.05.1994 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
06414870 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pramod Kumar Agrawal |
107500 |
76.79 |
|
Smrity Agrawal |
32500 |
23.21 |
|
Total |
140000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and trading of
electrical goods. |
|
|
|
|
Products : |
Electrical Goods |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
J. Subhash and Company Chartered Accountants |
|
Address : |
12, RJS Building, Diagonal Road, Bistupur, Jamshedpur – 831001,
Jharkhand, India |
|
Tel. No.: |
91-657-2321419 / 2321549 |
|
Fax No.: |
91-657-2292573 |
|
E-Mail : |
|
|
PAN No.: |
AAAFJ8893L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises over which KMP can exercise significant influences : |
Pramod Kumar Agarwal HUF |
|
|
|
|
Company over which relative of KMP can exercise |
Deepak Enterprises Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140000 |
Equity Shares |
Rs.10/- each |
Rs.1.400 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
1.400 |
1.400 |
1.400 |
|
(b) Reserves & Surplus |
1.645 |
1.151 |
0.653 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3.045 |
2.551 |
2.053 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.612 |
0.612 |
0.552 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.612 |
0.612 |
0.552 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
5.208 |
3.069 |
0.642 |
|
(b) Trade
payables |
6.119 |
13.455 |
2.978 |
|
(c) Other
current liabilities |
1.759 |
0.433 |
0.396 |
|
(d) Short-term
provisions |
2.020 |
0.987 |
0.863 |
|
Total Current
Liabilities (4) |
15.106 |
17.944 |
4.879 |
|
|
|
|
|
|
TOTAL |
18.763 |
21.107 |
7.484 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.989 |
2.065 |
2.276 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.403 |
0.378 |
0.378 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.007 |
0.009 |
0.015 |
|
(e) Other
Non-current assets |
3.462 |
2.107 |
1.581 |
|
Total Non-Current
Assets |
6.861 |
4.559 |
4.250 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.821 |
7.452 |
0.776 |
|
(c) Trade
receivables |
0.000 |
5.924 |
2.088 |
|
(d) Cash
and cash equivalents |
0.326 |
0.134 |
0.275 |
|
(e) Short-term
loans and advances |
2.755 |
3.038 |
0.064 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.031 |
|
Total
Current Assets |
11.902 |
16.548 |
3.234 |
|
|
|
|
|
|
TOTAL |
18.763 |
21.107 |
7.484 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
44.054 |
64.285 |
45.881 |
|
|
|
Other Income |
0.040 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
44.094 |
64.285 |
45.881 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
39.039 |
63.621 |
37.574 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(1.368) |
(6.677) |
1.760 |
|
|
|
Employee Benefits Expenses |
4.064 |
4.628 |
3.075 |
|
|
|
Audit Fees |
0.028 |
0.028 |
0.028 |
|
|
|
Other Expenses |
0.871 |
1.125 |
1.837 |
|
|
|
TOTAL (B) |
42.634 |
62.725 |
44.274 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.460 |
1.560 |
1.607 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.442 |
0.452 |
0.776 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1.018 |
1.108 |
0.831 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
0.290 |
0.362 |
0.408 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.728 |
0.746 |
0.423 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.234 |
0.248 |
0.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
0.494 |
0.498 |
0.274 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.151 |
0.653 |
0.379 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.645 |
1.151 |
0.653 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
3.53 |
3.56 |
1.96 |
|
Expected Sales (2014-2015): Rs.70.000 Million
The above information has been parted by Mr. Pramod Kumar Agarwal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.12 |
0.77 |
0.60 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.31 |
2.43 |
3.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.19 |
3.60 |
5.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.29 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.91 |
1.44 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
0.92 |
0.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
1.400 |
1.400 |
1.400 |
|
Reserves & Surplus |
0.653 |
1.151 |
1.645 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.053 |
2.551 |
3.045 |
|
|
|
|
|
|
Long Term borrowings |
0.552 |
0.612 |
0.612 |
|
Short Term borrowings |
0.642 |
3.069 |
5.208 |
|
Total
borrowings |
1.194 |
3.681 |
5.820 |
|
Debt/Equity
ratio |
0.582 |
1.443 |
1.911 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
45.881 |
64.285 |
44.054 |
|
|
|
40.112 |
(31.471) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
45.881 |
64.285 |
44.054 |
|
Profit |
0.274 |
0.498 |
0.494 |
|
|
0.60% |
0.77% |
1.12% |
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
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
From Related Parties |
|
|
|
Pramod Kumar
Agarwal (HUF) |
0.612 |
0.612 |
|
Total |
0.612 |
0.612 |
COMPANY OVERVIEW
Subject is a company engaged in manufacturing and trading of electrical goods. The company was incorporated on 3rd November 2003 registered no. U26920JH2003PTC010401.
PERFORMANCE
During the period, the company has made sales of Rs.44.054 Million and earned net profit of Rs.0.094 Million after showing a sum of Rs.0.232 Million as provision of income tax and Rs.0.002 Million as provision of deferred tax.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10207543 |
20/08/2011 * |
10,500,000.00 |
Bank of India |
Jamshedpur Main Branch, Bistupur, Jamshedpur, Jharkhand - 831001, India |
B20582409 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
--PROFITABILITY |
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 |
|
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.