MIRA INFORM REPORT
|
Report No. : |
307078 |
|
Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAB INDIA GRANITES PRIVATE LIMITED |
|
|
|
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Registered
Office : |
502, 4th Floor, Apex Mall, Lal Kothi, |
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Country : |
India |
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|
Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
14.08.2002 |
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Com. Reg. No.: |
17-017765 |
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Capital
Investment / Paid-up Capital : |
Rs.30.481 Millions |
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|
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CIN No.: [Company
Identification No.] |
U14101RJ2002PTC017765 |
|
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|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHET09586D |
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PAN No.: [Permanent
Account No.] |
AABCT7634B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of black granite stones and stones. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3300000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Profitability of the company is round. General financials of the
company appears to be fair. Trade relations are reported to be fair. Business is active. Payment
terms ar reported to be usually 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.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
16.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
16.12.2014 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Yogesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-141-2744200 |
|
Date : |
09.02.2015 |
LOCATIONS
|
Registered Office : |
502, 4th Floor, Apex Mall, Lal Kothi, |
|
Tel. No.: |
91-141-2744200 / 2744300 / 2387161 |
|
Fax No.: |
91-141-2744500 / 2387163 |
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E-Mail : |
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|
Website : |
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|
Location : |
Commercial |
|
|
|
|
Factory 1 : |
E-147, RIICO industrial Area, Bagru (Extension), Phase II, Jaipur, Rajasthan, India |
|
Tel. No.: |
91-141-2864178 |
|
Fax No.: |
91-141-22387163 |
|
|
|
|
Factory 2 : |
N.H. 7,
Nallaganakothapally Village, Krishnagiri Road, Koneripalli, P. O., Hosur Taluk
– 635 117, Tamilnadu, India |
|
Tel. No.: |
91-4344-309314,
309313, 257400, 257405 |
|
Fax No.: |
91-4344-257461 |
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E-Mail : |
|
|
Location : |
Rural – owned |
DIRECTORS
As on 20.09.2014
|
Name : |
Mr. Sumit Gupta |
|
Designation : |
Managing director |
|
Address : |
54, 55, 56 Taruchya Nagar, Jaipur – 302 011, Rajasthan, India |
|
Date of Birth/Age : |
17.08.1975 |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
00769957 |
|
PAN No.: |
ABPPG3787J |
|
|
|
|
Name : |
Mr. Vijaya Gupta |
|
Designation : |
Whole-time director |
|
Address : |
54, 55, 56 Taruchya Nagar, Jaipur – 302 011, Rajasthan, India |
|
Date of Birth/Age : |
03.12.1952 |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
00770212 |
|
DIN No.: |
ABIPG0247L |
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|
|
|
Name : |
Gupta Devyani |
|
Designation : |
Whole-time director |
|
Address : |
54, 55, 56 Taruchya Nagar, Jaipur – 302 011, Rajasthan, India |
|
Date of Birth/Age : |
18.07.1976 |
|
Date of Appointment : |
29.03.2005 |
|
DIN No.: |
00769997 |
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PAN No.: |
AEIPB2864B |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Jai Prakash Rawat |
|
Designation : |
Secretary |
|
Address : |
22-B, New Colony,
Chandni Chowk, Jhotwara, Jaipur – 302 012, |
|
Date of Birth/Age : |
05.06.1976 |
|
Date of Appointment : |
16.10.2008 |
|
PAN No.: |
AAZPR2495K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sumit Gupta |
2952460 |
96.86 |
|
Vijaya Gupta |
1000 |
0.03 |
|
Amit Gupta |
92000 |
3.02 |
|
Devyani Gupta |
178 |
0.01 |
|
Manvinder Taneja Singh |
2500 |
0.08 |
|
Total |
3048138 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2014
|
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 |
0.08 |
|
Directors or relatives of Directors |
99.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of black granite stones and stones. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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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
|
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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Banking
Relations : |
-- |
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Auditors : |
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Name : |
JSM and Company Chartered Accountants |
|
Address : |
G-1, Gajraj Apartments, C-68, Sarojni Marg, C- scheme, Jaipur-302001, Rajasthan, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFJ7543B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
Amsum and Ash, United States Universall Granites |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3048138 |
Equity Shares |
Rs.10/- each |
Rs. 30.481
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 |
30.481 |
30.481 |
30.456 |
|
(b) Reserves & Surplus |
1116.174 |
960.716 |
854.322 |
|
(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) |
1146.655 |
991.197 |
884.778 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
131.687 |
193.372 |
216.774 |
|
(b) Deferred tax liabilities
(Net) |
77.561 |
61.166 |
60.428 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.908 |
5.444 |
4.918 |
|
Total
Non-current Liabilities (3) |
221.156 |
259.982 |
282.120 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
942.226 |
901.115 |
730.881 |
|
(b) Trade payables |
262.749 |
226.199 |
136.474 |
|
(c) Other current liabilities |
24.549 |
21.905 |
77.304 |
|
(d) Short-term provisions |
42.132 |
26.103 |
9.500 |
|
Total
Current Liabilities (4) |
1271.656 |
1175.322 |
954.159 |
|
|
|
|
|
|
TOTAL |
2639.467 |
2426.501 |
2121.057 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
819.475 |
801.983 |
657.241 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
87.487 |
35.393 |
117.817 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
26.066 |
34.186 |
32.995 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.700 |
9.143 |
8.559 |
|
(e) Other Non-current assets |
25.918 |
25.918 |
21.416 |
|
Total
Non-Current Assets |
967.646 |
906.623 |
838.028 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.900 |
3.480 |
2.040 |
|
(b) Inventories |
656.480 |
615.990 |
562.267 |
|
(c) Trade receivables |
740.046 |
579.972 |
560.794 |
|
(d) Cash and cash equivalents |
108.952 |
163.028 |
45.629 |
|
(e) Short-term loans and
advances |
159.943 |
157.408 |
112.248 |
|
(f) Other current assets |
1.500 |
0.000 |
0.051 |
|
Total
Current Assets |
1671.821 |
1519.878 |
1283.029 |
|
|
|
|
|
|
TOTAL |
2639.467 |
2426.501 |
2121.057 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2110.000 (Approximately) |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
NA |
1664.118 |
1415.705 |
|
|
|
|
|
|
|
|
EXPENSES |
|
1397.250 |
1240.791 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
266.867 |
174.914 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
90.844 |
78.926 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
176.024 |
95.988 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
47.886 |
38.302 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
128.138 |
57.686 |
|
|
|
|
|
|
|
|
TAX |
|
28.993 |
19.437 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
157.549 |
99.145 |
38.251 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
273.344 |
213.677 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
NA |
(4.502) |
(21.416) |
|
|
Balance
Carried to the B/S |
NA |
376.991 |
273.344 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
51.69 |
NA |
NA |
Expected Sales (2014-2015) : Rs.2500.000 Millions
The above information has been parted by Mr. Yogesh
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
5.44 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.13 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.94 |
1.10 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.29 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
30.456 |
30.481 |
30.481 |
|
Reserves & Surplus |
854.322 |
960.716 |
1116.174 |
|
Net
worth |
884.778 |
991.197 |
1146.655 |
|
|
|
|
|
|
long-term borrowings |
216.774 |
193.372 |
131.687 |
|
Short term borrowings |
730.881 |
901.115 |
942.226 |
|
Total
borrowings |
947.655 |
1094.487 |
1073.913 |
|
Debt/Equity
ratio |
1.071 |
1.104 |
0.937 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
16.190 |
30.149 |
|
Short-term
borrowings |
|
|
|
Loans taken for fixed assets |
0.000 |
4.354 |
|
Total |
16.190 |
34.503 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10528226 |
01/11/2014 |
2,454,120.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C31654734 |
|
2 |
10515181 |
07/08/2014 |
40,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, FORTUNE HEIGHTS, |
C16574527 |
|
3 |
10520471 |
03/06/2014 |
7,054,120.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C21079645 |
|
4 |
10481930 |
25/02/2014 |
7,051,120.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B98248529 |
|
5 |
10223044 |
13/05/2010 |
700,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH,, D-38A,, ASHOK MAR |
A87387411 |
|
6 |
10251588 |
13/05/2010 |
700,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, D-38A, ASHOK MARG, |
A90707720 |
|
7 |
10097679 |
06/11/2009 * |
170,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHA |
A74204926 |
|
8 |
10079632 |
01/05/2008 * |
65,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, AHINSA CIRCLE, C-S |
A38678371 |
|
9 |
10058493 |
04/07/2007 |
22,500,000.00 |
I.D.B.I. BANK LTD. |
D-24, DURLABH
NIWAS, C-SCHEME, JAIPUR, RAJASTHAN |
A18161638 |
|
10 |
10010335 |
08/07/2006 * |
20,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, AHINSA CIRCLE, C-S |
A02700144 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Computer equipments
- 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.61.96 |
|
|
1 |
Rs.94.41 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information Gathered
by : |
PAT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.