MIRA INFORM REPORT
|
Report No. : |
302731 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANSWORLD GLS INDIA PRIVATE LIMITED (w.e.f. 03.02.2012) |
|
|
|
|
Formerly Known
As : |
NLS AGENCY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Transworld House 33 IX Lane, Dr. Radhakrishnan Salai, Mylapore,
Chennai – 600004, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.09.1989 |
|
|
|
|
Com. Reg. No.: |
18-018060 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999TN1989PTC018060 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEN04394F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trades and Business as Shipping Agents to any of the foreign Ship
Owners and Shipping Liners. |
|
|
|
|
No. of Employees
: |
Not Available |
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 320000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments terms are
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
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.
LOCATIONS
|
Registered Office : |
Transworld House 33 IX Lane, Dr. Radhakrishnan Salai, Mylapore,
Chennai – 600004, Tamil Nadu, India |
|
Tel. No.: |
91-44-28536121 |
|
Fax No.: |
91-44-28530756 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch : |
905-908 Devika Tower, 6 Nehru Place, New Delhi, India |
|
Tel. No.: |
91-11-49447100 |
|
Fax No.: |
91-11-49447150 |
|
|
|
|
Branches: |
Located at:
|
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Ramakrishnan Sivaswamy Iyer |
|
Designation : |
Director |
|
Address : |
12A, Thakur Niwas, J. Tata Road, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1961 |
|
Appointment: |
15.09.1989 |
|
DIN No.: |
00057637 |
|
|
|
|
Name : |
Mr. Ramnarayan Varadharajan |
|
Designation : |
Director |
|
Address : |
Plot No. 3, Popco Hosing Society, Versova Road, Andheri, Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
22.05.1949 |
|
Appointment: |
15.09.1989 |
|
DIN No.: |
00057717 |
|
|
|
|
Name : |
Mr. Mahesh Sivaswamy |
|
Designation : |
Director |
|
Address : |
Row House No.11, Divya Sapna Cooperating Hosing Society, Dr. C Gidwani
Road, Chembur (East), Mumbai – 400074, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1967 |
|
Appointment: |
15.09.1989 |
|
DIN No.: |
00057683 |
|
|
|
|
Name : |
Mr. Ramakrishnan Ritesh |
|
Designation : |
Director |
|
Address : |
12A, Thakur Niwas, J. Tata Road, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1987 |
|
Appointment: |
14.01.2014 |
|
DIN No.: |
05174818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Iyer Mahesh Sivaswamy |
|
250 |
|
Geeta Ramakrishnan |
|
250 |
|
Brinda Ramnarayan |
|
250 |
|
Ritesh Ramakrishnan |
|
125 |
|
Murli Mahesh |
|
125 |
|
|
|
|
|
Total |
|
1000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trades and Business as Shipping Agents to any of the foreign Ship
Owners and Shipping Liners. |
|
|
|
|
Products : |
- |
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||
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||||||||||||||
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Customers : |
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||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||
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||||||||||||||
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Bankers : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Finance Institutions : |
GE CAPITAL Transportation Financial Services Limited, AIFACS Building, 1, Rafi Marg, New Delhi. - 110001, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat Dharamdas and Associates Chartered Accountants |
|
Address : |
B/24, Cozhom, Nargis Dutt Road, 251, Pali Hill, Bandra (West), Mumbai
– 400050, Maharashtra, India |
|
PAN No.: |
AAEPK6872E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises Over
Which Individuals Having Significant Influence Over The Reporting Enterprise
Exercise Significant Influence: |
|
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs. 0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
113.681 |
102.167 |
90.363 |
|
(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) |
113.781 |
102.267 |
90.463 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
10.495 |
7.442 |
3.589 |
|
Total Non-current
Liabilities (3) |
10.495 |
7.442 |
3.589 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
29.931 |
39.650 |
82.302 |
|
(c) Other current
liabilities |
121.148 |
71.705 |
55.247 |
|
(d) Short-term
provisions |
15.819 |
6.027 |
2.832 |
|
Total Current
Liabilities (4) |
166.898 |
117.382 |
140.381 |
|
|
|
|
|
|
TOTAL |
291.174 |
227.091 |
234.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
18.026 |
15.256 |
6.908 |
|
(ii) Intangible Assets |
2.295 |
2.418 |
0.217 |
|
(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 |
32.114 |
34.626 |
|
(c) Deferred tax
assets (net) |
66.640 |
0.398 |
0.545 |
|
(d) Long-term Loan and Advances |
1.458 |
4.846 |
6.111 |
|
(e) Other
Non-current assets |
3.570 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
91.989 |
55.032 |
48.407 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
79.014 |
70.089 |
78.925 |
|
(d) Cash and cash
equivalents |
92.491 |
75.239 |
78.293 |
|
(e) Short-term loans
and advances |
24.164 |
26.582 |
25.028 |
|
(f) Other current
assets |
3.516 |
0.149 |
3.780 |
|
Total Current Assets |
199.185 |
172.059 |
186.026 |
|
|
|
|
|
|
TOTAL |
291.174 |
227.091 |
234.433 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
135.923 |
81.164 |
|
|
|
Other Income |
|
9.993 |
10.062 |
|
|
|
TOTAL |
200.135 |
145.916 |
91.226 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expenses |
|
64.426 |
36.578 |
|
|
|
Other expenses |
|
43.633 |
26.307 |
|
|
|
TOTAL |
166.897 |
108.059 |
62.885 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(including
Depreciation Expenses) |
37.857 |
28.341 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.554 |
1.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
33.238 |
36.303 |
27.258 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.025 |
12.647 |
7.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
23.213 |
23.656 |
19.397 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ADJUSTMENT |
0.000 |
0.193 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
61.617 |
52.590 |
43.849 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.425 |
2.777 |
1.940 |
|
|
|
Dividend |
10.000 |
10.000 |
7.500 |
|
|
|
Tax on Dividend |
1.699 |
1.660 |
1.216 |
|
|
BALANCE CARRIED
TO THE B/S |
70.706 |
61.617 |
52.590 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
25.116 |
24.841 |
378.756 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23213 |
2346 |
19397 |
|
%20PRIVATE%20LIMITED%20-%20302731%2014-Jan-2015_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20302731%2014-Jan-2015_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA
|
17.40 |
23.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.80 |
18.66 |
13.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.35 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.47 |
1.33 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
90.363 |
102.167 |
113.681 |
|
Net worth |
90.463 |
102.267 |
113.781 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20302731%2014-Jan-2015_files/image013.gif)
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) |
|
Total Income |
91.226 |
145.916 |
200.135 |
|
|
|
59.950 |
37.158 |
%20PRIVATE%20LIMITED%20-%20302731%2014-Jan-2015_files/image015.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
91.226 |
145.916 |
200.135 |
|
Profit |
19.397 |
23.657 |
23.213 |
|
|
21.26% |
16.21% |
11.60% |
%20PRIVATE%20LIMITED%20-%20302731%2014-Jan-2015_files/image017.gif)
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 |
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 |
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 |
No |
CONTINGENT
LIABILITIES:
- Guarantees given by bankers on behalf of the company Rs.0.250 Million (Previous Year Rs. 0.400 Million) to the Government Authorities.
- Service Tax Matters Rs. 9.296 Millions (Previous Year Rs.7.885 Millions)
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10098781 |
07/04/2008 |
3,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A36546885 |
|
2 |
10069253 |
27/08/2007 |
6,280,000.00 |
GE CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS BUILDING, 1, RAFI MARG, NEW DELHI., DELHI - 110001, INDIA |
A23511462 |
|
3 |
10065732 |
17/08/2007 |
12,840,000.00 |
GE CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS BUILDING, 1, RAFI MARG, , NEW DELHI., DELHI - 110001, INDIA |
A21695358 |
|
4 |
10046970 |
23/04/2007 |
6,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A13824321 |
FIXED ASSETS
- Computer System
- Furniture and Fixture
- Office Equipment
- Motor Vehicle
- Computer Software
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.62.10 |
|
|
1 |
Rs.94.09 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
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.