MIRA
INFORM REPORT
|
Report No. : |
307999 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEMPO INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Dempo House, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.12.1987 |
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Com. Reg. No.: |
24-000787 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1000.000 Millions |
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CIN No.: [Company Identification
No.] |
U15541GA1987PTC000787 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRD02767C |
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PAN No.: [Permanent Account No.] |
AAACU1705F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is in the business of Printing and Publishing of Newspaper and Generation of
Wind Energy. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financial for the year 2014 are not available from any
sources. As per available financial of 2013, reserves of the company seems to
be low. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON-CO-OPERATIVE.
LOCATIONS
|
Registered Office : |
Dempo House, DB Bandodkar Road, Campal, Panaji-403001, Goa, India |
|
Tel. No.: |
91-832-2224556/2441314/2441300 |
|
Fax No.: |
91-832-2228588/2225098 |
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E-Mail : |
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Head Office : |
Navhind Papers and Publications, Navhind Bhavan, Rusa Ismail Gracias,
Panaji-403001, Goa, India |
|
Tel No.: |
91-832-6651112/2423501 |
|
Fax No.: |
91-832-2224258 |
DIRECTORS
As on: 29.09.2014
|
Name : |
Mr. Shrinivas Vasudeva Dempo |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Dempo Villa, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
02.02.1969 |
|
Date of Appointment : |
28.12.1999 |
|
Din No.: |
00043413 |
|
|
|
|
Name : |
Mrs. Pallavi Shrinivas Dempo |
|
Designation : |
Whole Time Director |
|
Address : |
Dempo Villa, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
15.02.1975 |
|
Date of Appointment : |
27.12.2005 |
|
Din No.: |
00003489 |
|
|
|
|
Name : |
Mr. Balasubramanian Ganapathy |
|
Designation : |
Director |
|
Address : |
105, Mathura Nandanvan Complex, Caranzalem, Panaji, Goa, India |
|
Date of Birth/Age : |
29.10.1954 |
|
Date of Appointment : |
25.06.2005 |
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Din No.: |
00020756 |
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|
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|
Name : |
Mr. Sudin Manohar Usgaokar |
|
Designation : |
Director |
|
Address : |
XB-2, Sakhardande Apartment, Dr. Dada Vaidya Road, Panaji-403001, Goa,
India |
|
Date of Birth/Age : |
25.11.1958 |
|
Date of Appointment : |
25.06.2005 |
|
Din No.: |
00326964 |
KEY EXECUTIVES
|
Name : |
Ms. Beena Mahambrey |
|
Designation : |
Secretary |
|
Address : |
5/B, F4, Model, Millenniums, Vistas, Caranzalem-403002, Goa, India |
|
Date of Birth/Age : |
12.05.1979 |
|
Date of Appointment : |
30.06.2009 |
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Pan No.: |
AOQPM2346P |
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|
|
|
Name : |
Mr. Pramod Ravankar |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
No. of Equity Shares |
No. of
Preferences Shares |
|
Shrinivas Vasudeva Dempo |
1 |
-- |
|
Soiru V. Dempo |
1 |
-- |
|
V.S. Dempo Holdings Private Limited, India |
49999998 |
5000000 |
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TOTAL
|
50000000 |
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is in the business of Printing and Publishing of Newspaper and Generation of
Wind Energy. |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Bank of India, Compal, Panaji, Goa, India |
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Auditors : |
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|
Name : |
R. Sundararaman and Company Chartered Accountants |
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Address : |
30/2, Indira Colony, Ashok Nagar, Chennai, Tamilnadu, India |
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Tel. No.: |
91-44-24749101/24749069 |
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Fax No.: |
91-44-43054239 |
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E-Mail : |
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PAN No: |
AAHFR5192F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
V. S. Dempo Holdings Private Limited (Formerly Esmeralda Investments
Private Limited) [U65993GA1984PTC000570] |
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Fellow Subsidiaries : |
·
Marmagoa Shipping and Stevedoring Company Private
Limited [U61100GA1963PTC000003] ·
Dempo Shipbuilding and Engineering Private
Limited [U74210GA1963PTC000009] ·
Dempo Travels Private Limited
[U63040GA1983PTC000552] ·
Aparant Iron and Steel Private Limited
[U27103GA1998PTC002568] ·
Hindustan Foods Limited [L15139GA1984PLC000601] |
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Wholly Owned Subsidiaries: |
·
Dempo Global Corporation Private Limited |
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Associate Companies |
·
Goa Carbon Limited |
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Joint Ventures/Partnership Firms: |
·
Audio Visual Media |
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|
Enterprises controlled by Key Managerial Personnel: |
·
Devashri Real Estate Developers ·
Motown Investments Private Limited
[U65993GA1992PTC001207] ·
Ratnaprabha Advisory Services LLP ·
Jaiprabha Advisory Services LLP ·
Dempo Cricket Club ·
Dempo Sports Club ·
Vasantrao Dempo Education and Research Foundation |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5,000,000 |
preference shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5,000,000 |
preference shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5,000,000 |
preference shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5,000,000 |
preference shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1000.000 |
545.000 |
200.000 |
|
(b) Reserves & Surplus |
550.213 |
500.012 |
476.011 |
|
(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) |
1550.213 |
1045.012 |
676.011 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
206.000 |
80.000 |
|
(b) Deferred tax liabilities (Net) |
21.601 |
19.273 |
22.187 |
|
(c) Other long
term liabilities |
0.374 |
0.357 |
0.351 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
21.975 |
225.630 |
102.538 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
15.839 |
6.022 |
11.905 |
|
(c)
Other current liabilities |
23.834 |
24.000 |
12.675 |
|
(d) Short-term
provisions |
0.000 |
4.630 |
0.000 |
|
Total Current
Liabilities (4) |
39.673 |
34.652 |
24.580 |
|
|
|
|
|
|
TOTAL |
1611.861 |
1305.294 |
803.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
204.870 |
210.883 |
224.134 |
|
(ii)
Intangible Assets |
0.000 |
0.846 |
1.691 |
|
(iii)
Capital work-in-progress |
0.000 |
6.670 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
878.380 |
541.985 |
352.560 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.778 |
9.728 |
9.707 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1093.028 |
770.112 |
588.092 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
352.834 |
416.988 |
93.207 |
|
(b)
Inventories |
7.032 |
8.991 |
10.195 |
|
(c)
Trade receivables |
101.241 |
90.869 |
85.134 |
|
(d) Cash
and cash equivalents |
21.357 |
8.767 |
8.687 |
|
(e)
Short-term loans and advances |
36.369 |
9.567 |
17.814 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
518.833 |
535.182 |
215.037 |
|
|
|
|
|
|
TOTAL |
1611.861 |
1305.294 |
803.129 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
321.575 |
271.820 |
277.575 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
223.196 |
179.945 |
198.855 |
|
|
|
TOTAL |
223.196 |
179.945 |
198.855 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
98.379 |
91.875 |
78.720 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.165 |
15.035 |
0.202 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
98.214 |
76.840 |
78.518 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.184 |
19.207 |
21.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
80.030 |
57.633 |
57.284 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
29.829 |
33.633 |
41.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
50.201 |
24.000 |
15.979 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5.624 |
18.900 |
16.511 |
|
|
TOTAL IMPORTS |
5.624 |
18.900 |
16.511 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.00 |
0.47 |
0.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
15.61 |
8.83 |
5.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
30.59 |
33.80 |
28.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.91 |
7.62 |
12.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.06 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.20 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.08 |
15.44 |
8.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
200.000 |
545.000 |
1000.000 |
|
Reserves & Surplus |
476.011 |
500.012 |
550.213 |
|
Net worth |
676.011 |
1045.012 |
1550.213 |
|
|
|
|
|
|
long-term borrowings |
80.000 |
206.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
80.000 |
206.000 |
0.000 |
|
Debt/Equity ratio |
0.118 |
0.197 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Income |
277.575 |
271.820 |
321.575 |
|
|
|
(2.073) |
18.304 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Income |
277.575 |
271.820 |
321.575 |
|
Profit |
15.979 |
24.000 |
50.201 |
|
|
5.76% |
8.83% |
15.61% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
No |
|
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 |
No |
|
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 |
No |
BUSINESS PERFORMANCE
AND OUTLOOK:
Newspaper Division: The operating income showed a marginal decline and coupled with increased newsprint cost, the operating margin displayed a fall over the previous year. However the net profit of the division increased due to increase in other income resulting in PAT which more than doubled over the previous year.
Wind Energy Division: The Wind Energy Converter commissioned in the State of Karnataka performed steadily.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
206.000 |
|
TOTAL
|
0.000 |
206.000 |
CORPORATE INFORMATION:
Subject is in the business
of printing and publishing of newspaper in the State of Goa and generation of
wind energy in the State of Karnataka.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2013 |
|
Claims against company not acknowledged as debt |
32.321 |
|
Total |
32.321 |
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Computer software
· Factory equipments
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.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.