MIRA INFORM REPORT
|
Report No. : |
353951 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
M AND V MARKETING AND SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, Jain Bhawan, Karol Bagh, 18/12 Wea Karol Bagh, New Delhi - 110005 |
|
Tel. No.: |
91-124-4121600 |
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|
|
|
Country : |
India |
|
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|
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
17.01.2006 |
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|
|
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Com. Reg. No.: |
55-144923 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.703 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2006PTC144923 |
|
|
|
|
IEC No.: |
0505096773 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECM5554C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Exporter and Importer of angle grinders, bus bar mounting electrical power tools, hybrid mounting, precharge resistors. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 425000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Case site is not working |
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Comments : |
Subject is established company incorporated in the year 2006 and it is
having satisfactory track record. The rating reflects company’s heathy scale of operations and
maintaining decent profitability margins over the years. The rating further takes into account on company’s experienced
promoters and satisfactory financial profile, decent capital structure with
negligible debt and above protection metrics. This rating strength is partially offset by the volatility in the raw
material prices, foreign exchange fluctuation risk and working
capital-intensive nature of operation. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be usually correct. The company can be considered normal for business dealing 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.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Vivek Kumar Singh |
|
Designation : |
Senior Accounts Executive |
|
Contact No.: |
91-124-4121600 |
|
Date : |
10.12.2015 |
LOCATIONS
|
Registered Office : |
205, Jain Bhawan, Karol Bagh, 18/12 Wea Karol Bagh, New Delhi – 110005, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Address : |
R. K. Plaza, Survey No. 206/3, Plot No. 17, Lohgaon, Viman Nagar,
Pune - 411014, Maharashtra, India |
|
Tel. No.: |
91-20-26741000 |
|
Fax No.: |
91-20-26741001 |
|
|
|
|
Factory 1 : |
Plot 52, Udyog Vihar Phase VI, Sector – 37, Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-4342333 / 4121611 / 4121600 |
|
Fax No.: |
91-124-4121611 |
|
|
|
|
Factory 2 : |
Shed No.B, Khasra No.3//19/2, 20/1/2, 21/2/1, 21/2/2 & 22/2,
District Gurgaon- 123506, Haryana, India |
DIRECTORS
AS ON 30.09.2015
|
Name : |
Mr. Klaus Maier |
|
Designation : |
Managing director |
|
Address : |
106, A-1, Sainik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
14.11.1966 |
|
Date of Appointment : |
05.07.2007 |
|
DIN No.: |
00876216 |
|
|
|
|
Name : |
Mr. Francesco Motka |
|
Designation : |
Director |
|
Address : |
Oskar Von Miller Strasse 16, Frankfurtas Main, Germany |
|
Date of Birth/Age : |
06.10.1953 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
02242498 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Kumar Singh |
|
Designation : |
Senior Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Maier UND Vidorno GMBH, Germany |
60280 |
85.77 |
|
M and V Market Development Services Private Limited, India |
10000 |
14.23 |
|
|
|
|
|
Total |
70280 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
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 |
85.77 |
|
Bodies corporate |
14.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of angle grinders, bus
bar mounting electrical power tools, hybrid mounting, precharge resistors.
(Confirmed by management) |
|
|
|
|
Products : |
|
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|
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Surendra and Associates Chartered Accountants |
|
Address : |
205, Jain Bhavan, 18/12, W.E.A. Karol Bagh, New Delhi – 110005, India |
|
Tel. No.: |
91-11-28759458/0458/2692 |
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Mobile No.: |
91-9811080323 |
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E-Mail : |
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Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AEDPP3297D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company : |
Maier UND Vidorno GMBH, Germany |
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Related Party : |
M and V Market Development Services Private Limited, India |
CAPITAL STRUCTURE
As on 30.09.215
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70,280 |
Equity Shares |
Rs.10/- each |
Rs. 0.703
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.703 |
0.703 |
0.703 |
|
(b) Reserves &
Surplus |
148.160 |
141.375 |
129.708 |
|
(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) |
148.863 |
142.078 |
130.411 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.260 |
0.981 |
1.733 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
2.183 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
10.353 |
5.996 |
19.769 |
|
Total Non-current
Liabilities (3) |
10.613 |
6.977 |
23.685 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
118.319 |
133.003 |
111.315 |
|
(c) Other current
liabilities |
22.576 |
17.441 |
10.302 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
140.895 |
150.444 |
121.617 |
|
|
|
|
|
|
TOTAL |
300.371 |
299.499 |
275.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.585 |
46.766 |
38.507 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
3.096 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
5.691 |
0.860 |
0.000 |
|
(d) Long-term Loan and Advances |
42.533 |
35.132 |
7.294 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
84.809 |
82.758 |
48.897 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.241 |
59.978 |
51.282 |
|
(c) Trade receivables |
81.694 |
71.986 |
70.052 |
|
(d) Cash and cash
equivalents |
61.444 |
60.529 |
73.019 |
|
(e) Short-term loans and
advances |
28.183 |
24.248 |
32.463 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
215.562 |
216.741 |
226.816 |
|
|
|
|
|
|
TOTAL |
300.371 |
299.499 |
275.713 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
452.773 |
499.055 |
|
|
|
Other Income |
29.566 |
8.047 |
|
|
|
TOTAL |
482.339 |
507.102 |
517.912 |
|
|
|
[Due to marketing
Fluctuation] |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
|
|
|
Purchases of
Stock-in-Trade |
212.904 |
235.008 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
15.737 |
(8.695) |
|
|
|
Employees benefits
expense |
134.464 |
135.958 |
|
|
|
Other expenses |
90.214 |
122.891 |
|
|
|
TOTAL |
453.319 |
485.162 |
474.266 (Including Finance and
depreciation expenses) |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
29.020 |
21.940 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
29.020 |
21.940 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.449 |
6.856 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
16.571 |
15.084 |
43.646 |
|
|
|
|
|
|
|
Less |
TAX |
3.427 |
3.417 |
15.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
13.144 |
11.667 |
28.046 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
121.197 |
148.627 |
169.198 |
|
|
TOTAL EARNINGS |
121.197 |
148.627 |
169.198 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
187.00 |
166.00 |
399.00 |
Expected Sales ( 2015-2016 ) : Rs.600.000 Million
The above information has been parted by Vivek Kumar Singh (Senior
Accounts Executives)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash used in operations |
18.671 |
NA |
NA |
|
Net cash used in operating activities |
10.412 |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.90 |
2.34 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.41 |
4.40 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.62 |
5.05 |
15.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.11 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.44 |
1.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.703 |
0.703 |
0.703 |
|
Reserves & Surplus |
129.708 |
141.375 |
148.160 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
130.411 |
142.078 |
148.863 |
|
|
|
|
|
|
long-term borrowings |
1.733 |
0.981 |
0.260 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.733 |
0.981 |
0.260 |
|
Debt/Equity ratio |
0.013 |
0.007 |
0.002 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
517.912 |
507.102 |
482.339 |
|
|
|
(2.087) |
(4.883) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
517.912 |
507.102 |
482.339 |
|
Profit |
28.046 |
11.667 |
13.144 |
|
|
5.42% |
2.30% |
2.73% |
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) |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
COMPANY
INFORMATION
Subject is a 100% subsidiary of Maier + Vidorno GmbH Germany. The
company was incorporated on 17th January 2006. The company is in the
business of providing consultancy and management services to the Germany
overseas companies which are establishing their new venture in India and
trading of industrial imported goods.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10100101 |
30/04/2008 |
9,000,000.00 |
AXIS BANK LTD. |
SG 21 & 22, DLF GALLERIA SHOPPING COMPLEX, DLF CITY, PHASE-IV, GURGAON - 122002, HARYANA, INDIA |
A37123841 |
FIXED ASSETS
- Building
- Computer
- Software
- Furniture
- Office
Equipment
- Motor Vehicle
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
50 |
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.