MIRA INFORM REPORT
|
Report No. : |
335681 |
|
Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANS IMPEX LLP |
|
|
|
|
Formerly Known
As : |
TRANS IMPEX PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Floor 4, Plot No.10, Darabshaw House, Shoorji, Vallabhdas Marg, Ballard Estate, Mumbai-400038, Maharashtra |
|
Tel. No.: |
91-22-23806379 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 [Trans Impex Private Limited] |
|
|
|
|
Date of
Incorporation : |
19.05.2015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000 Million |
|
|
|
|
LLPIN No.: |
AAD-9726 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Limited Liability Partnership Concern |
|
|
|
|
Line of Business
: |
Importers, Exporters, Dealers and merchants in marine products, processed foods, gum guar products, raw vegetables and dehydrated vegetables, mango pulp, soft drinks, tamarind and tamarind seed products, cashew nuts, spices of oilseeds, shellac/seedlac, cardamoms, all kinds of oilcake extractions, essential oils, import of pulses, chemicals, food grains, metal scraps, oil and fertilizers, extracting oil either by crushing or by chemical or any other process and also Retail trade, except of motor vehicles and motorcycles, repair of personal and household goods. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established during the year 1985 as a private limited with
the name “Trans Impex Private Limited” and later private limited got
dissolved and was converted into Limited Liability Partnership Concern with the name “Trans Impex
LLP” as on 19th May 2015. It is a Limited Liability Partnership Concern having a moderate track record. Management denied to part any information about the subject. As per Registrar of Companies the status of the LLP is shown as
active. Payment terms are unknown. The Limited Liability Partnership
Concern 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 DENIED
Management non c-operative
Contact no.: 91-22-22696869 / 22613744
LOCATIONS
|
Registered Office : |
Floor 4, Plot No.10, Darabshaw House, Shoorji, Vallabhdas Marg, Ballard Estate, Mumbai-400038, Maharashtra, India |
|
Tel. No.: |
91-22-23806379 / 22696869 / 22613744 |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
|
Name : |
Behram Bomanji Dubash |
|
Designation : |
Designated Partner |
|
Address : |
Benzer Terraces, 95-A, A. Gaffar Khan Road, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
29.10.1936 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00036609 |
|
|
|
|
Name : |
Darab Bomanji Dubash |
|
Designation : |
Designated Partner |
|
Address : |
89 B Hasman Bunglow, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1938 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00206690 |
|
|
|
|
Name : |
Sudha Darab Dubash |
|
Designation : |
Designated Partner |
|
Address : |
89 B Hasman Bunglow, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1945 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00206910 |
|
|
|
|
Name : |
Arvind Darab Dubash |
|
Designation : |
Designated Partner |
|
Address : |
89-B, Hasman Bungalow, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
10.02.1970 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00272548 |
|
|
|
|
Name : |
Tushad Behram Dubash |
|
Designation : |
Designated Partner |
|
Address : |
Benzer Terraces, 95-A Abdul Gaffar Khan Road, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1983 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00287547 |
|
|
|
|
Name : |
Bakhtawar Behram Dubash |
|
Designation : |
Designated Partner |
|
Address : |
Benzer Terraces, 95-A, Abdul Gaffar Khan, Road, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
19.06.1952 |
|
Date of Appointment : |
19.05.2015 |
|
DPIN No.: |
00788960 |
OBLIGATION OF CONTRIBUTION
/ MAJOR SHAREHOLDERS
TRANS IMPEX LLP
|
Particulars |
Monetary value of
Contribution [Rs. In Million] |
|
Sudha Darab Dubash |
0.001 |
|
Bakhtawar Behram Dubash |
0.001 |
|
Darab Bomanji Dubash |
1.040 |
|
Behram Bomanji Dubash |
1.998 |
|
Arvind Darab Dubash |
0.959 |
|
Tushad Behram Dubash |
0.001 |
|
Total |
4.000 |
TRANS IMPEX PRIVATE LIMITED
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Behram Bomanji Dubash and Bakhtawar Behram Dubash |
10380 |
25.95 |
|
Tushad Behram Dubash |
10 |
0.03 |
|
Darab Bomanji Dubash and Sudha Darab Dubash |
10390 |
25.98 |
|
Arvind Darab Dubash and Darab Bomanji Dubash |
9590 |
23.98 |
|
Behram Bomanji Dubash and Tushad Behram Dubash |
9600 |
24.00 |
|
Bakhtawar Behram Dubash and Behram Bomanji Dubash |
10 |
0.03 |
|
Sudha Darab Dubash and Darab Bomanji Dubash |
10 |
0.03 |
|
Darab Bomanji Dubash and Arvind Darab Dubash |
10 |
0.03 |
|
Total |
40000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Exporters, Dealers and merchants in marine products, processed foods, gum guar products, raw vegetables and dehydrated vegetables, mango pulp, soft drinks, tamarind and tamarind seed products, cashew nuts, spices of oilseeds, shellac/seedlac, cardamoms, all kinds of oilcake extractions, essential oils, import of pulses, chemicals, food grains, metal scraps, oil and fertilizers, extracting oil either by crushing or by chemical or any other process and also Retail trade, except of motor vehicles and motorcycles, repair of personal and household goods. |
|
|
|
|
Products / Service : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
P A Dhanbhoora and Company Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
TRANS IMPEX PRIVATE LIMITED
AS
ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
TRANS IMPEX PRIVATE LIMITED
|
SOURCES OF FUNDS |
|
31.12.2014 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.000 |
4.000 |
|
(b) Reserves &
Surplus |
|
72.073 |
47.419 |
|
(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) |
|
76.073 |
51.419 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
19.022 |
19.022 |
|
(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) |
|
19.022 |
19.022 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
165.205 |
188.788 |
|
(c) Other current
liabilities |
|
0.000 |
1.163 |
|
(d) Short-term provisions |
|
9.072 |
9.454 |
|
Total Current Liabilities
(4) |
|
174.277 |
199.405 |
|
|
|
|
|
|
TOTAL |
|
269.372 |
269.846 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
12.364 |
12.306 |
|
(ii) Intangible Assets |
|
0.020 |
0.020 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
26.401 |
6.401 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
114.356 |
114.356 |
|
Total Non-Current Assets |
|
153.141 |
133.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
3.114 |
12.145 |
|
(d) Cash and cash
equivalents |
|
16.868 |
35.916 |
|
(e) Short-term loans and
advances |
|
31.038 |
23.491 |
|
(f) Other current assets |
|
65.211 |
65.211 |
|
Total Current Assets |
|
116.231 |
136.763 |
|
|
|
|
|
|
TOTAL |
|
269.372 |
269.846 |
PROFIT
& LOSS ACCOUNT
TRANS IMPEX PRIVATE LIMITED
|
|
PARTICULARS |
|
31.12.2014 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
33.010 |
46.279 |
|
|
Other Income |
|
4.565 |
4.542 |
|
|
TOTAL |
|
37.575 |
50.821 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employees benefits
expense |
|
4.851 |
6.453 |
|
|
Other expenses |
|
8.070 |
14.487 |
|
|
TOTAL |
|
12.921 |
20.940 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
24.654 |
29.881 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.000 |
0.013 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
24.654 |
29.868 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
1.146 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
24.654 |
28.722 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
8.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
24.654 |
19.822 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
616.35 |
495.55 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.12.2014 |
31.03.2014 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from (used in) operations |
|
NA |
NA |
TRANS IMPEX PRIVATE LIMITED
KEY
RATIOS
|
PARTICULARS |
|
|
31.12.2014 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
74.69 |
42.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
74.69 |
64.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
10.15 |
10.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.32 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.25 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.67 |
0.69 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO [TRANS IMPEX PRIVATE LIMITED]
|
Particular |
31.03.2014 |
31.12.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
4.000 |
4.000 |
|
Reserves & Surplus |
47.419 |
72.073 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net worth |
51.419 |
76.073 |
|
|
|
|
|
long-term borrowings |
19.022 |
19.022 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total borrowings |
19.022 |
19.022 |
|
Debt/Equity ratio |
0.370 |
0.250 |
YEAR-ON-YEAR GROWTH [TRANS IMPEX PRIVATE LIMITED]
|
Year on Year Growth |
31.03.2014 |
31.12.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
46.279 |
33.010 |
|
|
|
(28.672) |
NET PROFIT MARGIN [TRANS IMPEX PRIVATE LIMITED]
|
Net Profit Margin |
31.03.2014 |
31.12.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
46.279 |
33.010 |
|
Profit |
19.822 |
24.654 |
|
|
42.83% |
74.69% |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
TRANS IMPEX PRIVATE LIMITED
UNSECURED LOAN
|
PARTICULARS |
31.12.2014 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Due to companies in which directors
are interested |
19.022 |
19.022 |
|
Total |
19.022 |
19.022 |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible assets
- Furniture and Fixture
- Typewriter
- Computer
- Telephones
- Motor Cars
- Refrigerator
- Air Conditioner
- Office Equipment
- Fax Machine
- Land
- Tools and Equipment
- Tank
Intangible Assets
- Goodwill
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.64.17 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
NO |
|
--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 |
|
27 |
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.