MIRA INFORM REPORT
|
Report No. : |
332740 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SS INDUS SOLAR ENERGY PRIVATE LIMITED (w.e.f. 14.08.2014) |
|
|
|
|
Formerly Known
As : |
SS INDUS IT VALLEY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No. 54-14/8-53, Flat No.201, Garuda Residency, Bharati Nagar,
Gunadala, Vijayawada – 520008, Andhra Pradesh |
|
Tel. No.: |
91-866-2454899 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
10.10.2014 |
|
|
|
|
Date of
Incorporation : |
18.07.2006 |
|
|
|
|
Com. Reg. No.: |
01-050647 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40105AP2006PTC050647 |
|
|
|
|
IEC No.: |
0914019465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS17190F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS1610D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing software services to energy sector. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Subject was incorporated on 18-07-2006 with the name of “SS INDUS IT
VALLEY PRIVATE LIMITED” but as per the registrar of companies the name of the
said company was changed to “SS INDUS SOLAR ENERGY PROVATE LIMITED” on
14-08-2014. As claimed by Mr. Rajesh (General Manager), the subject was in
business of providing software services to IT and Energy sector, however
currently the company is focusing on only Energy Sector. As per the latest financials of 7 months ended on October 2014, the
subject has achieved minimal sales turnover of Rs.0.931 million. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In the view of extensive experience of promoters, the subject can be
considered for business dealings with some caution. |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Himabindu Pamulapati |
|
Designation : |
Managing Director |
|
Contact No.: |
91-7893788779 |
|
Date : |
17.07.2015 |
LOCATIONS
|
Registered Office/ Factory : |
D. No. 54-14/8-53, Flat No.201, Garuda Residency, Bharati Nagar,
Gunadala, Vijayawada – 520008, Andhra Pradesh, India |
|
Tel. No.: |
91-866-2454899 |
|
Mobile No.: |
91-7893788779 (Himabindu) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 11.09.2014
|
Name : |
Himabindu Pamulapati |
|
Designation : |
Managing Director |
|
Address : |
Flat No 311, Smitha Towers, Tikkle Road, Labbipet, Vijayawada - 520008, Andhra Pradesh, India |
|
Date of Birth/Age : |
24.04.1978 |
|
Qualification : |
B. Tech |
|
Experience : |
16 Years |
|
Date of Appointment : |
22.08.2014 |
|
DIN No.: |
06605646 |
|
|
|
|
Name : |
Sarojini Pamulapati |
|
Designation : |
Director |
|
Address : |
54-14/8-53, F. No. 201, Garuda Residency, Bharathi Nagar, Vijayawada - 520008, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.08.1950 |
|
Date of Appointment : |
19.07.2012 |
|
DIN No.: |
03640778 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
General Manager |
|
Address : |
206, Garuda Crest Apartments, HP Gas Company Road, Gunadala,
Vijayawada – 520004, Andhra Pradesh, India |
|
Date of Birth/Age : |
42 Years |
|
Qualification : |
B. Tech, MBA |
|
Experience : |
23 Years |
MAJOR SHAREHOLDERS
AS ON 10.10.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Himabindu Pamulapati |
2599950 |
65.00 |
|
Sarojini Pamulapati |
1400050 |
35.00 |
|
|
|
|
|
Total |
4000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing software services to energy sector. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS
|
Products |
Installed
Capacity |
|
Renewable Solar
Energy |
2.4 MW |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Prasad and Company Chartered Accountants |
|
Address : |
29-13-46, Kaleshawara Rao Road, Suryarao pet, Vijayawada – 520002,
Andhra Pradesh, India |
|
Tel. No.: |
91-8632430270 |
|
PAN No.: |
ACHPP4796K |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 10.10.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
AS ON 11.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000 |
Equity Shares |
Rs.10/- each |
Rs.0.170 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
10.10.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
|
(a) Share Capital |
40.000 |
0.170 |
0.170 |
0.170 |
|
(b) Reserves & Surplus |
0.425 |
0.342 |
0.330 |
0.787 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
40.425 |
0.512 |
0.500 |
0.957 |
|
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
0.484 |
|
(b) Deferred tax liabilities (Net) |
0.295 |
0.295 |
0.295 |
0.295 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
0.295 |
0.295 |
0.295 |
0.779 |
|
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.043 |
0.000 |
0.000 |
2.122 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.487 |
0.011 |
|
(d) Short-term
provisions |
0.016 |
0.017 |
0.083 |
0.257 |
|
Total Current
Liabilities (4) |
0.059 |
0.017 |
0.570 |
2.390 |
|
|
|
|
|
|
|
TOTAL |
40.779 |
0.824 |
1.365 |
4.126 |
|
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
|
(1)
Non-current assets |
|
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
1.265 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.000 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.000 |
0.000 |
0.000 |
1.265 |
|
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.059 |
0.550 |
|
(d) Cash
and cash equivalents |
39.389 |
0.405 |
0.621 |
1.262 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.200 |
0.511 |
|
(f) Other
current assets |
0.390 |
0.419 |
0.485 |
0.538 |
|
Total
Current Assets |
39.779 |
0.824 |
1.365 |
2.861 |
|
|
|
|
|
|
|
TOTAL |
40.779 |
0.824 |
1.365 |
4.126 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
10.10.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
0.931 |
0.986 |
1.413 |
14.555 |
|
|
|
Other Income |
0.000 |
0.000 |
0.005 |
0.000 |
|
|
|
TOTAL |
0.931 |
0.986 |
1.418 |
14.555 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Employee Benefits Expenses |
0.342 |
0.917 |
0.942 |
13.258 |
|
|
|
Other Expenses |
0.505 |
0.056 |
0.932 |
0.915 |
|
|
|
TOTAL |
0.847 |
0.973 |
1.874 |
14.173 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.084 |
0.013 |
(0.456) |
0.382 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.001 |
0.001 |
0.001 |
0.004 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.083 |
0.012 |
(0.457) |
0.378 |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
0.122 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
0.083 |
0.012 |
(0.457) |
0.256 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
0.086 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
0.083 |
0.012 |
(0.457) |
0.170 |
|
|
|
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
EARNINGS |
NA |
0.488 |
1.413 |
14.555 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.02 |
0.71 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
10.10.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
10.10.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
8.92 |
1.22 |
(32.34) |
1.17 |
|
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.02 |
1.32 |
(32.27) |
2.62 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.21 |
1.46 |
(33.48) |
6.20 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.02 |
(0.91) |
0.27 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
0.51 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
674.22 |
48.47 |
2.39 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs. In
Million |
|
Share Capital |
0.170 |
0.170 |
0.170 |
|
Reserves & Surplus |
0.787 |
0.330 |
0.342 |
|
Net
worth |
0.957 |
0.500 |
0.512 |
|
|
|
|
|
|
long-term borrowings |
0.484 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.484 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.506 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
14.555 |
1.413 |
0.986 |
|
|
|
(90.292) |
(30.219) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
14.555 |
1.413 |
0.986 |
|
Profit |
0.170 |
(0.457) |
0.012 |
|
|
1.17% |
(32.34%) |
1.22% |
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 |
Yes |
|
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) |
No |
|
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 |
No |
|
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 about three
years and seven months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about three years
and seven months |
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 |
NOTE:
·
Registered office address of the company has been
shifted from Flat#401, Siri Towers, Beside Mythri Hospital, Ameerpet, Hyderabad
– 500038, Andhra Pradesh, India to the present address w.e.f. 05.03.2010
· No charges exist for company.
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.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
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.