MIRA INFORM REPORT
|
Report No. : |
320220 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
STOLLBERG INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2 St. Goerges Gate Road, P S Hastings, Kolkata - 700022, West Bengal |
|
Tel. No.: |
91-33-22233915 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
|
|
|
|
Date of
Incorporation : |
15.07.1999 |
|
|
|
|
Com. Reg. No.: |
21-089855 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 259.844 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999WB1999PTC089855 |
|
|
|
|
IEC No.: |
0200013467 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS12880A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS0189L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Casting Powder. |
|
|
|
|
No. of Employees
: |
68 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject a subsidiary of "S AND B INDUSTRIAL MINERALS GMBH", Germany. It is an established company having satisfactory track record. Reserves of the company is low. However, the company has processed sound operational performance which has resulted into topline growth of 17% and it has maintained profitability margins at 3.37%. Further company receives good financial and managerial support from its parent company. Trade relations are fair. Business is active. Payments are reported to be usually correct. In view of strong parent company support, the company can
be considered for business dealings at usual trade terms and condition. |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Tathagata Sarkar |
|
Designation : |
Manager, Commercial |
|
Contact No.: |
91-9831846037 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-33-22233915/3937/5385 |
|
Mobile No.: |
91-9831846037 (Mr. Tathagata Sarkar) |
|
Fax No.: |
91-33-22233854 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
2470 Sq ft |
|
Location: |
Leased |
|
|
|
|
Factory : |
EPIP, Banskopa, Durgapur – 713217, West Bengal, India |
|
Area: |
345306 Sq ft |
|
Location: |
Leased |
DIRECTORS
As on 19.06.2014
|
Name : |
Mr. Aristeidis Chatziparaskevas |
|
Designation : |
Director |
|
Address : |
Amerikis 21A, Athens 10672, Athens Greece 10672 |
|
Date of Birth/Age : |
23.01.1960 |
|
Qualification: |
MSC Mech, Engg |
|
Date of Appointment : |
21.10.2011 |
|
DIN No.: |
01538992 |
|
|
|
|
Name : |
Mr. Bimal Kumar Sarkar |
|
Designation : |
Managing Director |
|
Address : |
Uniworld City Garden, Tower No. 07, Flat No. 1201, Action Area III,
New Town, Rajarhat, Kolkata – 700156, West Bengal, India |
|
Date of Birth/Age : |
01.05.1955 |
|
Qualification: |
B Tech Electrical MBA |
|
Date of Appointment : |
20.01.2012 |
|
DIN No.: |
01839701 |
|
|
|
|
Name : |
Mr. Ioannis Christodoulakis |
|
Designation : |
Additional Director |
|
Address : |
25, Saxtouri, Piraeus, Greece 18536 |
|
Date of Birth/Age : |
21.09.1954 |
|
Qualification: |
MSC |
|
Date of Appointment : |
05.03.2008 |
|
DIN No.: |
02264294 |
KEY EXECUTIVES
|
Name : |
Mr. Tathagata Sarkar |
|
Designation : |
Manager, Commercial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shib Krishna Chakrabarty |
|
10 |
|
S and B Industrial Minerals, GmbH, Germany |
|
25984417 |
|
Bimal Kumar Sarkar |
|
10 |
|
Total |
|
25984437 |
Equity Share Break up (Percentage of Total Equity)
As on 19.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Casting Powder. |
|
|
|
|
Products : |
Casting Powder |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Casting Powder |
|
Countries : |
|
|
|
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Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS (31.12.2014)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
D Continuous Casting Flux, Bottom Pouring Compound Insulating
Compound, Tundish Compound |
7500 TPA |
12626 Tons
(2014) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
68 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company Chartered Accountants |
|
Address : |
22 Camac Street, Block C, 3rd Floor, Kolkata 700016, West
Bengal, India |
|
Tel. No.: |
91-33-66153400 |
|
Fax No.: |
91-33-22817750 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFA0888M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding Company (As On 31.12.2013): |
S and B Industrial Minerals GmbH, Germany |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives(As On 31.12.2013): |
Rescon India Private Limited, India (CIN No.: U24132WB1983PTC036146) |
CAPITAL STRUCTURE
As on 19.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs.10/- each |
Rs.550.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32134437 |
Equity Shares |
Rs.10/- each |
Rs.321.344 Million |
|
|
|
|
|
As on 31.12.2014
Authorised Capital : NOT AVAILABLE
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25984437 |
Equity Shares |
Rs.10/- each |
Rs. 259.844 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
259.844 |
259.844 |
259.844 |
|
(b) Reserves & Surplus |
79.859 |
46.674 |
25.175 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
178.350 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
518.053 |
306.518 |
285.019 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
13.335 |
16.068 |
17.015 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
1.968 |
|
Total
Non-current Liabilities (3) |
13.335 |
16.068 |
18.983 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
54.075 |
54.101 |
66.322 |
|
(c) Other current liabilities |
17.080 |
14.217 |
16.998 |
|
(d) Short-term provisions |
4.914 |
2.514 |
3.024 |
|
Total
Current Liabilities (4) |
76.069 |
70.832 |
86.344 |
|
|
|
|
|
|
TOTAL |
607.457 |
393.418 |
390.346 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
163.251 |
177.111 |
148.058 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.727 |
0.000 |
36.378 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
187.845 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.606 |
24.000 |
23.636 |
|
(e) Other Non-current assets |
6.986 |
6.329 |
6.029 |
|
Total
Non-Current Assets |
368.415 |
207.440 |
214.101 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.962 |
37.941 |
34.848 |
|
(c) Trade receivables |
90.765 |
68.264 |
68.461 |
|
(d) Cash and cash equivalents |
78.101 |
72.579 |
57.381 |
|
(e) Short-term loans and
advances |
23.173 |
5.774 |
14.801 |
|
(f) Other current assets |
2.041 |
1.420 |
0.754 |
|
Total
Current Assets |
239.042 |
185.978 |
176.245 |
|
|
|
|
|
|
TOTAL |
607.457 |
393.418 |
390.346 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
SALES |
|
|
|
|
|
Income |
497.361 |
425.054 |
414.870 |
|
|
Other Income |
11.415 |
7.795 |
7.410 |
|
|
TOTAL
(A) |
508.776 |
432.849 |
422.280 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
224.257 |
185.832 |
197.830 |
|
|
Purchases of Stock-in-Trade |
2.431 |
1.956 |
10.178 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.421 |
(1.703) |
(0.649) |
|
|
Employees benefits expense |
54.897 |
47.944 |
58.081 |
|
|
Other expenses |
153.684 |
140.752 |
126.812 |
|
|
TOTAL
(B) |
435.690 |
374.781 |
392.252 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
73.086 |
58.068 |
30.028 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.683 |
2.002 |
0.838 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.403 |
56.066 |
29.190 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
21.067 |
23.826 |
21.382 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
50.336 |
32.240 |
7.808 |
|
|
|
|
|
|
|
Less |
TAX (H) |
17.151 |
10.741 |
3.593 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
33.185 |
21.499 |
4.215 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Export |
|
|
5.789 |
|
|
Commission Earnings |
|
5.907 |
|
|
|
TOTAL
EARNINGS |
3.813 |
8.511 |
11.696 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
55.251 |
37.233 |
53.963 |
|
|
TOTAL
IMPORTS |
55.251 |
37.233 |
53.963 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
1.28 |
0.83 |
0.18 |
|
|
Diluted |
1.16 |
0.83 |
0.18 |
KEY RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.67 |
5.06 |
1.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.69 |
13.66 |
7.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.02 |
8.19 |
2.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.14 |
2.63 |
2.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
259.844 |
259.844 |
259.844 |
|
Reserves & Surplus |
25.175 |
46.674 |
79.859 |
|
Share Application money pending allotment |
0.000 |
0.000 |
178.350 |
|
Net
worth |
285.019 |
306.518 |
518.053 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
414.870 |
425.054 |
497.361 |
|
|
|
2.455 |
17.011 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
414.870 |
425.054 |
497.361 |
|
Profit |
4.215 |
21.499 |
33.185 |
|
|
1.02% |
5.06% |
6.67% |
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) |
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Property
Development Expenses
- Buildings
- Plant and
Machinery
- Office
Equipment
- Motor
Vehicles
TRADE REFERENCE
- Bokaro Steel Limited
- Rourkela Steel Plant
- TATA Steel Limited
- JSW Steel Limited
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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.