MIRA INFORM REPORT
|
Report No. : |
348179 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KEVIN TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
201/202, Shapath Building, Opposite Rajpath Club, S.G. Highway,
Bodakdev, Ahmedabad – 380015, Gujarat |
|
Tel. No.: |
91-79-26872555/ 0556 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
29.05.2000 |
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|
|
|
Com. Reg. No.: |
04-038100 |
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|
|
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Capital Investment
/ Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ2000PTC038100 |
|
|
|
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IEC No.: |
0800004230 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK00144E |
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|
|
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PAN No.: [Permanent Account No.] |
AABCK4077H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Electronic Equipment. (Confirmed by Management) |
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|
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 159000 |
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|
|
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2000 and it is engaged in importing
and exporting of electronic equipments. It is an established company having
satisfactory track record. As per 2015 financial, the company possesses decent operational
performance with fair profit margin recorded in the books. Further, rating takes into consideration company’s acceptable
financial risk profile supported by its adequate networth base, comfortable
liquidity position and strong debt protection metrics. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of aforesaid, 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.
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
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. Pragnesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-79-26872555 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office : |
201/202, Shapath Building, Opposite Rajpath Club, S.G. Highway,
Bodakdev, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26872555/ 0556 |
|
Fax No.: |
91-79-26873354 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Shop No.7, Marutinandan Complex, Village Bopal, Tal. Dascroi, District
Ahmedabad – 380058, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vinitbhai Jayantbhai Khambhatta |
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Designation : |
Director |
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|
Address : |
44, Jawahar Nagar, Near Anjali Cinema, Ellisbridge,
Ahmedabad - 380007, Gujarat, India |
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Date of Birth/Age : |
05.08.1961 |
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Date of Appointment : |
29.05.2000 |
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DIN No.: |
00032664 |
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Other Directorship :
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Name : |
Mr. Jayant Veljibhai Khambhatta |
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Designation : |
Director |
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|
Address : |
44, Jawahar Nagar, Near Anjali Cinema, Ellisbridge,
Ahmedabad - 380007, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
12.09.1937 |
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Date of Appointment : |
29.05.2000 |
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DIN No.: |
00032676 |
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Other Directorship :
|
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|
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Name : |
Mr. Ketanbhai Jayantbhai Khambhatta |
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Designation : |
Director |
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Address : |
1, Abhishree Residency-II, Rajpath Club Road, Ambli,
Ahmedabad - 380058, Gujarat, India |
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Date of Birth/Age : |
20.01.1970 |
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Date of Appointment : |
29.05.2000 |
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DIN No.: |
00861301 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Pragnesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayant Khambhatta |
|
8300 |
|
Vinit Khambhatta |
|
8350 |
|
Ketan Khambhatta |
|
8350 |
|
Dharini Khambhatta |
|
8350 |
|
Shardaben Khambhatta |
|
8300 |
|
Sangeeta Khambhatta |
|
8350 |
|
|
|
|
|
Total |
|
50000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Electronic Equipment. (Confirmed by Management) |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Bangladesh |
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Imports : |
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Products : |
Electronic Equipment |
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Countries : |
· USA · UK · China |
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Terms : |
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Selling : |
L/C and Cheque |
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Purchasing : |
L/C and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
90 (Approximately) |
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Bankers : |
· Corporation Bank IFB Branch, Ahmedabad - 380006, Gujarat, India |
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Facilities : |
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Auditors : |
|
|
Name : |
Divyang N. Patel and Company Chartered Accountants |
|
Address : |
403, 4th Floor, Rudramal Complex, Choice Street, Off C. G. Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-26431163 |
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Mobile No.: |
91-9824060585 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABEPP8945N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises significantly influenced by Director and/ or their
relatives : |
· Cadmach Machinery Co. Private Limited · Kevin Process Technologies Private Limited · Kambert Machinery Co. Private Limited · CMC Machinery · Kreative Compass |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
55.260 |
50.692 |
44.626 |
|
(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) |
55.760 |
51.192 |
45.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.094 |
0.241 |
0.443 |
|
(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) |
0.094 |
0.241 |
0.443 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
6.598 |
3.354 |
2.397 |
|
(b)
Trade payables |
19.274 |
12.699 |
8.155 |
|
(c)
Other current liabilities |
9.675 |
5.968 |
7.637 |
|
(d)
Short-term provisions |
3.625 |
2.330 |
3.000 |
|
Total
Current Liabilities (4) |
39.172 |
24.351 |
21.189 |
|
|
|
|
|
|
TOTAL |
95.026 |
75.784 |
66.758 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
11.173 |
15.180 |
14.367 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.045 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
7.082 |
4.925 |
9.507 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
18.255 |
20.105 |
23.919 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.172 |
4.754 |
5.234 |
|
(c)
Trade receivables |
41.996 |
39.770 |
32.757 |
|
(d)
Cash and cash equivalents |
13.985 |
7.088 |
1.084 |
|
(e)
Short-term loans and advances |
4.618 |
4.067 |
3.764 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
76.771 |
55.679 |
42.839 |
|
|
|
|
|
|
TOTAL |
95.026 |
75.784 |
66.758 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
135.048 |
112.119 |
|
|
|
|
Other Income |
1.177 |
0.577 |
|
|
|
|
TOTAL (A) |
136.225 |
112.696 |
98.631 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1.468 |
1.900 |
|
|
|
|
Purchases of Stock-in-Trade |
101.122 |
73.175 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(11.246) |
0.224 |
|
|
|
|
Employees benefits expense |
17.357 |
15.927 |
|
|
|
|
Other expenses |
13.982 |
11.670 |
|
|
|
|
TOTAL (B) |
122.683 |
102.896 |
87.807 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.542 |
9.800 |
(Including Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.711 |
0.524 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.831 |
9.276 |
10.824 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.478 |
1.073 |
0.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.353 |
8.203 |
10.141 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.479 |
2.137 |
2.989 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.874 |
6.066 |
7.152 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.225 |
0.391 |
NA |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
11.440 |
10.921 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
117.49 |
121.31 |
143.04 |
|
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 flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.35 |
5.41 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.03 |
8.74 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.84 |
10.82 |
15.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.12 |
0.07 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96 |
2.29 |
2.02 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
44.626 |
50.692 |
55.260 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
45.126 |
51.192 |
55.760 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2.397 |
3.354 |
6.598 |
|
Total
borrowings |
2.397 |
3.354 |
6.598 |
|
Debt/Equity ratio |
0.053 |
0.066 |
0.118 |
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 |
98.631 |
112.696 |
136.225 |
|
|
|
14.260 |
20.878 |
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 |
98.631 |
112.696 |
136.225 |
|
Profit |
7.152 |
6.066 |
5.874 |
|
|
7.25% |
5.38% |
4.31% |
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10065787 |
08/02/2008 * |
10,000,000.00 |
CORPORATION BANK |
V S HOSPITAL, IFB BRANCH,
AHMEDABAD, GUJARAT - 380006, INDIA |
A32527061 |
|
2 |
80044397 |
30/08/1999 |
2,000,000.00 |
CORPORATION BANK |
IFB BRANCH, NR.
V.S. HOSPITAL, AHMEDABAD, GUJARAT - 380006, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
|
|
|
|
Claim against the company not acknowledge as debts |
13.185 |
13.185 |
FIXED ASSETS:
· Office Premises
· Air Conditioner
· Computers
· Furniture and Fixture
· Electrical Installation
· Office Equipment
· Vehicles
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. 66.42 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
48 |
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.