MIRA INFORM REPORT
|
Report No. : |
306970 |
|
Report Date : |
07.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CROWN MILK SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
# 1721, Sector 33 C, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.04.2003 |
|
|
|
|
Com. Reg. No.: |
025941 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15203CH2003PTC025941 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Butter and Ghee, Milk Powder and Milk Casein. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company is continuously incurring which has resulted into fully
erosion of networth. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on a secured 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
LOCATIONS
|
Registered Office : |
# 1721, Sector 33 C, Chandigarh – 160020 [U.T.], India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
C-169, Phase VIII B, Industrial Area, SAS Nagar, Mohali, Punjab, India |
|
Tel. No.: |
91-172-5094169/ 5096603 |
|
Fax No.: |
91-172-5016143 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Tarsem Chand Kansal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 1721, Sector 33 D, Chandigarh – 160020 [U.T.], India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.07.1965 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.04.2003 |
||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
PBA8563702 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00570715 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Meena Kansal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 1721, Sector 33 D, Chandigarh – 160020 [U.T.], India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.06.1968 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.02.2006 |
||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
PBA6209514 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00570761 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Tarsem Chand Kansal |
224000 |
73.44 |
|
Meena Kansal |
81000 |
26.56 |
|
|
|
|
|
Total |
305000 |
100.00 |
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 : |
Manufacturer and Exporter of Butter and Ghee, Milk Powder and Milk Casein. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Mid Corporate Branch, Sector 17 B, Chandigarh - 160017,
Chandigarh, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kansal Singla and Associates Chartered Accountants |
|
Address : |
SCO 80-81, 04th Floor, Sector 17-C, Chandigarh – 160017, India |
|
Tel. No.: |
91-172-5078401-02 |
|
Fax No.: |
91-172-5072903 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK9144R |
|
|
|
|
Associate Company : |
Crown Packages Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
325,000 |
Equity Shares |
Rs. 100/- each |
Rs. 32.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
305,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
30.500 |
30.500 |
30.500 |
|
(b) Reserves & Surplus |
(205.782) |
(188.714) |
(157.129) |
|
(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) |
(175.282) |
(158.214) |
(126.629) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
77.437 |
47.199 |
164.891 |
|
(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) |
77.437 |
47.199 |
164.891 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
391.804 |
388.411 |
273.113 |
|
(b)
Trade payables |
22.033 |
33.383 |
28.343 |
|
(c)
Other current liabilities |
6.406 |
3.045 |
1.513 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
420.243 |
424.839 |
302.969 |
|
|
|
|
|
|
TOTAL |
322.398 |
313.824 |
341.231 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
237.236 |
250.373 |
262.310 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.004 |
2.004 |
2.004 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
239.240 |
252.377 |
264.314 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
43.928 |
43.770 |
51.081 |
|
(c)
Trade receivables |
30.355 |
7.562 |
18.403 |
|
(d) Cash
and cash equivalents |
5.219 |
2.068 |
3.632 |
|
(e)
Short-term loans and advances |
2.924 |
7.286 |
3.738 |
|
(f)
Other current assets |
0.732 |
0.761 |
0.063 |
|
Total
Current Assets |
83.158 |
61.447 |
76.917 |
|
|
|
|
|
|
TOTAL |
322.398 |
313.824 |
341.231 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
595.536 |
231.501 |
346.238 |
|
|
|
Other Income |
(3.143) |
7.155 |
0.748 |
|
|
|
TOTAL |
592.393 |
238.656 |
346.986 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(17.088) |
(31.585) |
(61.339) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of direct exports |
207.816 |
93.150 |
0.000 |
|
|
|
FOB Value of export under Form H |
33.879 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
241.695 |
93.150 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(55.96) |
(103.56) |
(201.11) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.87) |
(13.64) |
(17.72) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.68) |
(2.75) |
(3.46) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.20 |
0.14 |
0.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
30.500 |
30.500 |
30.500 |
|
Reserves & Surplus |
(157.129) |
(188.714) |
(205.782) |
|
Net
worth |
(126.629) |
(158.214) |
(175.282) |
|
|
|
|
|
|
Long-term borrowings |
164.891 |
47.199 |
77.437 |
|
Short term borrowings |
273.113 |
388.411 |
391.804 |
|
Total
borrowings |
438.004 |
435.610 |
469.241 |
|
Debt/Equity ratio |
(3.459) |
(2.753) |
(2.677) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
346.238 |
231.501 |
595.536 |
|
|
|
(33.138) |
157.250 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
346.238 |
231.501 |
595.536 |
|
Profit |
-61.339 |
-31.585 |
-17.088 |
|
|
-17.72% |
-13.64% |
-2.87% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10180008 |
23/09/2009 |
63,356,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE BRANCH,
SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A71293831 |
|
2 |
10169008 |
08/07/2009 |
668,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A66624404 |
|
3 |
10166821 |
24/06/2009 |
20,368,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A65679102 |
|
4 |
10096540 |
18/03/2008 |
26,100,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE BRANCH,
SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A35681766 |
|
5 |
10062654 |
23/06/2007 |
123,500,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, |
A20381901 |
|
6 |
10027759 |
23/09/2009 * |
7,000,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A71293286 |
|
7 |
10027751 |
23/06/2007 * |
175,000,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, |
A20381703 |
|
8 |
10027753 |
04/11/2006 |
51,000,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17-B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A07396377 |
|
9 |
10027752 |
23/09/2009 * |
431,174,000.00 |
PUNJAB NATIONAL
BANK |
MID CORPORATE
BRANCH, SECTOR 17 B, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A71293583 |
|
10 |
90312043 |
18/06/2004 |
21,000,000.00 |
PUNJAB NATIONAL
BANK |
SCO 809,
MANIMAJRA, PUNJAB, INDIA |
- |
|
11 |
80021991 |
05/12/2003 |
6,000,000.00 |
PUNJAB NATIONAL
BANK |
SCO 809,
MANIMAJRA, CHANDIGARH - 160001, INDIA |
- |
|
12 |
90311938 |
03/03/2005 * |
7,500,000.00 |
PUNJAB NATIONAL
BANK |
SCO 809,
MANIMAJRA, PUNJAB, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Related Parties |
67.371 |
37.133 |
|
From Inter Corporate Loans |
10.066 |
10.066 |
|
|
|
|
|
Total |
77.437 |
47.199 |
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. 61.74 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
13 |
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.