MIRA INFORM REPORT
|
Report No. : |
335165 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
G. T. FRUITECH PRIVATE LIMITED (w.e.f. 24.07.2009) |
|
|
|
|
Formerly Known
As : |
PIONEER WEBTECH PRIVATE LIMITED (w.e.f
09.01.2009) CARAMEL FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-201, Ground Floor, New Subzi Mandi, Delhi – 110033 |
|
Tel. No.: |
91-11-27243949 |
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|
|
Country : |
India |
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|
|
|
Financials (as on)
: |
31.03.2014 |
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|
|
Date of
Incorporation : |
29.11.2007 |
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|
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Com. Reg. No.: |
55-170895 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.604 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2007PTC170895 |
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|
|
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IEC No.: |
0509051677 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AADCC2846A |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Distributor of Fresh Fruits. |
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|
|
|
No. of Employees
: |
50 (In Office 30 + In Branch 20) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 17000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company possesses a moderate financial profile marked by modest
networth base along with high working capital intensive nature of operations
partially owing to slow realization of debtors and high inventory. Management has witnessed a better growth in its sales volume, whereas
has reported a low profit margin as a result of limited value adding nature
of the business However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of gradual improvement in its business profile, 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Hitesh Chandani |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-11-27677222 |
|
Date : |
05.08.2015 |
LOCATIONS
|
Registered Office : |
B-201, Ground Floor, New Subzi Mandi, Delhi – 110033, India |
|
Tel. No.: |
91-11-27243949 |
|
Mobile No.: |
91-9873121111 (Amit Gidwani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B-153, New Fruit Market, Azadpur, Delhi-110033, India |
|
Tel. No.: |
91-11-27677333 / 444 / 222 |
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Fax No.: |
91-11-27677222 |
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branches : |
|
|
Location : |
Rented |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Hari Chand Gidwani |
|
Designation : |
Director |
|
Address : |
AK-96, Shalimar Bagh, Delhi – 110088, India |
|
Date of Birth/Age : |
09.06.1952 |
|
Experience : |
42 Years |
|
Date of Appointment : |
29.11.2007 |
|
DIN No. : |
01887944 |
|
|
|
|
Name : |
Mr. Dharam Das Gidwani |
|
Designation : |
Director |
|
Address : |
D-13/3, 3rd Floor, Model Town, Delhi – 110009, India |
|
Date of Birth/Age : |
20.04.1957 |
|
Experience : |
38 Years |
|
Date of Appointment : |
29.11.2007 |
|
DIN No. : |
01892895 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gidwani |
|
Designation : |
Business Manager |
|
|
|
|
Name : |
Mr. Hitesh Chandani |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Hari Chand Gidwani |
5000 |
|
Dharam Das |
6900 |
|
Hari Chand Gidwani HUF |
4800 |
|
Dharam Das Gidwani HUF |
4400 |
|
Amit Gidwani |
10000 |
|
Sumit Gidwani |
10000 |
|
Prashant Gidwani |
8400 |
|
Dalip Kumar Dhingra (HUF) |
100 |
|
Parveen Kumar Dhingra (HUF) |
100 |
|
HImani Dhingra |
100 |
|
Kalpna Dhingra |
100 |
|
Amit Gidwani (HUF) |
3850 |
|
Sumit Gidwani (HUF) |
3850 |
|
Prashant Gidwani (HUF) |
2800 |
|
|
|
|
Total |
60400 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor fresh fruits. |
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Products : |
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Brand Names : |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash , Advance Payment |
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Purchasing : |
Cash , Advance Payment |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Others
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No. of Employees : |
50 (In Office 30 + In Branch 20) (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Jain and Anand Chartered Accountants |
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Address : |
310, Kumar Tower, 15 Wazirpur Community Centre, Delhi – 110052, India |
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Tel. No.: |
91-27373075 / 27470089 |
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Mobile No.: |
91-9810733022 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFJ0065F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Address: B-153, New
Subzi Mandi Azadpur, Delhi – 110033, India Line of
Business: Wholesale Distribution of Domestic Fresh Fruits.
Address: B-153, New
Subzi Mandi Azadpur, Delhi – 110033, India Line of
Business: Export of Fresh Fruits. |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60400 |
Equity Shares |
Rs.10/- each |
Rs. 0.604 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 |
0.604 |
0.600 |
0.600 |
|
(b) Reserves & Surplus |
5.409 |
3.177 |
1.863 |
|
(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) |
6.013 |
3.777 |
2.463 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.083 |
1.009 |
1.641 |
|
(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) |
1.083 |
1.009 |
1.641 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
115.209 |
117.408 |
53.568 |
|
(b) Trade payables |
5.659 |
5.465 |
5.154 |
|
(c) Other current liabilities |
0.826 |
2.311 |
0.594 |
|
(d) Short-term provisions |
2.094 |
1.332 |
1.332 |
|
Total
Current Liabilities (4) |
123.788 |
126.516 |
60.648 |
|
|
|
|
|
|
TOTAL |
130.884 |
131.302 |
64.752 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.273 |
7.178 |
5.811 |
|
(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 |
0.555 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.307 |
0.297 |
0.142 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
7.135 |
7.475 |
5.953 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.474 |
22.189 |
6.664 |
|
(c) Trade receivables |
64.900 |
59.646 |
39.783 |
|
(d) Cash and cash equivalents |
14.903 |
15.575 |
3.898 |
|
(e) Short-term loans and
advances |
18.472 |
26.417 |
8.454 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
123.749 |
123.827 |
58.799 |
|
|
|
|
|
|
TOTAL |
130.884 |
131.302 |
64.752 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
675.887 |
593.690 |
434.169 |
|
|
Other Income |
0.608 |
0.725 |
2.781 |
|
|
TOTAL
(A) |
676.495 |
594.415 |
436.950 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchase of stock-in-trade |
|
|
413.762 |
|
|
Employee benefits expenses |
|
|
3.642 |
|
|
Other expenses |
|
|
8.004 |
|
|
Changes in inventories |
673.146 |
592.320 |
1.163 |
|
|
TOTAL
(B) |
(Including financial Expenses and
Depreciation) |
(Including financial Expenses and
Depreciation) |
426.571 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
|
10.379 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
7.886 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
2.493 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.093 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.349 |
2.095 |
1.400 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.118 |
0.781 |
0.434 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
2.231 |
1.314 |
0.966 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
36.94 |
21.75 |
15.99 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.723 |
2.146 |
0.586 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
0.33 |
0.22 |
0.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
2.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.58 |
1.60 |
2.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.55 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
19.46 |
31.92 |
22.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
0.98 |
0.97 |
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 |
0.600 |
0.600 |
0.604 |
|
Reserves & Surplus |
1.863 |
3.177 |
5.409 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.463 |
3.777 |
6.013 |
|
|
|
|
|
|
long-term borrowings |
1.641 |
1.009 |
1.083 |
|
Short term borrowings |
53.568 |
117.408 |
115.209 |
|
Current maturities of long-term
debts |
0.586 |
2.146 |
0.723 |
|
Total
borrowings |
55.795 |
120.563 |
117.015 |
|
Debt/Equity
ratio |
22.653 |
31.920 |
19.460 |
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 |
434.169 |
593.690 |
675.887 |
|
|
36.742 |
13.845 |
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 |
434.169 |
593.690 |
675.887 |
|
Profit |
0.966 |
1.314 |
2.231 |
|
|
0.22% |
0.22% |
0.33% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity -Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
Yes |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The Registered office of the company has been shifted D-1A, Mahendru
Enclave G.T. Karnal Road, Delhi – 110033, India
to the present address w.e.f 15.10.2013
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans Repayable on Demand |
36.093 |
40.013 |
|
|
|
|
|
Total |
36.093 |
40.013 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10331345 |
25/06/2014 * |
115,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C13914015 |
|
2 |
10331247 |
11/03/2013 * |
115,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B70885983 |
* Date of charge modification
FIXED ASSETS
Building
- Shop
Vehicle
- Motor Car
- Cycle
Office Equipment
- Computer
- Air
Conditioner
- Cold Room
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.63.81 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.