MIRA INFORM REPORT
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Report No. : |
353048 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
OTS E-SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
Office No. 223, 2nd Floor, Umrigar Building, L.T. Road,
Opposite Crawford Market, Mumbai – 400003, Maharashtra |
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Tel. No.: |
91-22-61301111/67627777 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.12.2005 |
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Com. Reg. No.: |
11-158026 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2005PTC158026 |
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|
|
|
IEC No.: |
0307022412 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAAC07931K |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of electronics through its website www.gagdetsguru.com.( Confirmed by management) |
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|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005 having satisfactory track. Rating takes into consideration company’s decent revenue base,
satisfactory profitability margin, good cash accruals adequate net worth
base. Operational performance has improved as compared to previous year. However, rating is constrained on account of moderate debt level and
huge unfavourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payment are slow but
correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Arun Kapur |
|
Designation : |
Director |
|
Contact No.: |
91-9867366563 |
|
Date : |
03.12.2015 |
LOCATIONS
|
Registered Office : |
Office No. 223, 2nd Floor, Umrigar Building, L.T. Road,
Opposite Crawford Market, Mumbai – 400003, Maharashtra, India |
|
Tel. No.: |
91-22-61301111/67627777 |
|
Mobile No.: |
91-9867366563 (Mr. Arun Kapur) |
|
Fax No.: |
91-22-25262536 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Arun Amolakram Kapur |
|
Designation : |
Director |
|
Address : |
3A/2, Navjivan Society, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Birth/Age : |
11.11.1973 |
|
Date of Appointment : |
13.12.2005 |
|
DIN No.: |
01568079 |
|
|
|
|
Name : |
Mrs. Shanya Arun Kapur |
|
Designation : |
Director |
|
Address : |
3a/2, Navjivan Society, Mahul Kurla Road, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1979 |
|
Date of Appointment : |
08.11.2010 |
|
DIN No.: |
02850162 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Arun Amolakram Kapur |
|
499400 |
|
Shanya Arun Kapur |
|
500 |
|
Bennett Colemon and Company Limited, India |
|
100 |
|
Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of electronics through its website www.gagdetsguru.com.( Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 days) |
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Purchasing : |
Cash and Credit (30/60/90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
|
|
Name : |
Priya Choudhary and Associates Chartered Accountants |
|
Address : |
10/54 Amar Bhawan, Bhopal Gunj, Punjabi Gali, Bhilwara – 311001, Rajasthan, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFP1958L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Million |
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|
|
|
|
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
82.409 |
52.502 |
32.755 |
|
(c) Money received against
share warrants |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
107.409 |
77.502 |
57.755 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
169.396 |
83.221 |
37.584 |
|
(b) Deferred tax liabilities
(Net) |
0.320 |
0.286 |
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) |
169.716 |
83.507 |
37.584 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.777 |
53.756 |
20.835 |
|
(b) Trade payables |
1097.021 |
171.874 |
64.409 |
|
(c) Other current liabilities |
52.527 |
13.995 |
2.434 |
|
(d) Short-term provisions |
0.000 |
0.000 |
9.126 |
|
Total
Current Liabilities (4) |
1219.325 |
239.625 |
96.804 |
|
|
|
|
|
|
TOTAL |
1496.450 |
400.634 |
192.143 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
25.050 |
26.434 |
23.202 |
|
(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 |
40.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.000 |
24.000 |
24.307 |
|
(e) Other Non-current assets |
1.329 |
1.213 |
0.000 |
|
Total
Non-Current Assets |
86.379 |
51.647 |
47.509 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
634.000 |
166.934 |
14.690 |
|
(c) Trade receivables |
256.992 |
117.431 |
118.349 |
|
(d) Cash and cash equivalents |
466.595 |
11.931 |
1.228 |
|
(e) Short-term loans and
advances |
52.484 |
52.691 |
10.367 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1410.071 |
348.987 |
144.634 |
|
|
|
|
|
|
TOTAL |
1496.450 |
400.634 |
192.143 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
556.099 |
341.403 |
|
|
Other Income |
|
0.377 |
0.032 |
|
|
TOTAL
(A) |
1676.258 |
556.476 |
341.435 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
648.922 |
266.113 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1610.701 |
(152.244) |
-0.171 |
|
|
Employees benefits expense |
|
5.305 |
3.132 |
|
|
Other expenses |
|
12.878 |
20.672 |
|
|
TOTAL
(B) |
1610.701 |
514.861 |
289.746 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
65.557 |
41.615 |
51.689 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.506 |
10.331 |
6.801 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
47.051 |
31.284 |
44.888 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.785 |
1.985 |
3.375 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
44.266 |
29.299 |
41.513 |
|
|
|
|
|
|
|
Less |
TAX (H) |
14.359 |
9.931 |
8.465 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
29.907 |
19.368 |
33.048 |
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.202 |
33.048 |
NA |
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
82.109 |
52.202 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
59.81 |
38.74 |
66.10 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
|
|
|
|
|
The above information has been parted by Mr. Arun Kapoor (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
3.48 |
9.68 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
7.48 |
15.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.04 |
7.31 |
21.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.38 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.23 |
1.77 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.46 |
1.49 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
32.755 |
52.502 |
82.409 |
|
Money received against share
warrants |
20.000 |
20.000 |
20.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
57.755 |
77.502 |
107.409 |
|
|
|
|
|
|
long-term borrowings |
37.584 |
83.221 |
169.396 |
|
Short term borrowings |
20.835 |
53.756 |
69.777 |
|
Total
borrowings |
58.419 |
136.977 |
239.173 |
|
Debt/Equity
ratio |
1.011 |
1.767 |
2.227 |
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) |
|
Total Income |
341.435 |
556.476 |
1676.258 |
|
|
|
62.982 |
201.227 |
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 |
341.435 |
556.476 |
1676.258 |
|
Profit |
33.080 |
19.745 |
29.907 |
|
|
9.69% |
3.55% |
1.78% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 601, Rudresh Commercial Complex, 19th Road, Next To Ambedkar Garden,
Chembur –East Mumbai -400071 Maharashtra, India to
the present address w.e.f. 25.01.2013
OPERATIONS
The company is engaged in trading of electronics through its other corporate clients. In the current year company has started selling goods through Amazon and Snapdeal.com. During the year company has significantly increased its turnover levels and profitability
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from banks |
3.498 |
4.884 |
|
Intercorporate borrowings |
107.500 |
0.000 |
|
Deposits |
27.905 |
43.477 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
0.000 |
4.293 |
|
Total |
138.903 |
52.654 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10600542 |
29/08/2015 |
30,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
C69113405 |
|
2 |
10586332 |
30/09/2015 * |
280,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C66868381 |
|
3 |
10586365 |
30/09/2015 * |
20,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C70366158 |
|
4 |
10529885 |
29/09/2014 |
30,000,000.00 |
DEUTSCHE BANK AG |
SIDRAH, 110 SWAMI VIVEKANAND ROAD,, KHAR (W), MUMBAI, MAHARASHTRA -400052, INDIA |
C32010555 |
|
5 |
10530350 |
22/09/2014 |
27,000,000.00 |
DEUTSCHE BANK AG |
P.O BOX NO. 9080,
GOREGAON(EAST), MUMBAI, MAHARAS |
C32011173 |
|
6 |
10530602 |
22/09/2014 |
23,000,000.00 |
DEUTSCHE BANK AG |
P.O. BOX NO. 9080,
GOREGAON (EAST), MUMBAI, MAHAR |
C32336935 |
|
7 |
10428918 |
05/04/2013 |
36,000,000.00 |
DEUTSCHE BANK AG |
110 / SIDRAH, S V
ROAD & 8TH EXTENSION ROAD, CORN |
B76197482 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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. 66.62 |
|
UK Pound |
1 |
Rs. 100.34 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
JYO / KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.