MIRA INFORM REPORT
|
Report No. : |
325940 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KESELEC SCHREDER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
69, Friends Colony (West), New Delhi – 110065 |
|
Tel. No.: |
91-129-4117388 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-079231 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.335 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34506DL1996PTC079231 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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 of electronic components. |
|
|
|
|
No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of “Schreder Group” Belgium and it is having
satisfactory track record. It is engaged into manufacturing of electronic
components. As management failed to file the financial documents for the year ended
31.12.2014 to statutory authorities. And the documents are not been available
from any sources. From previous financial record of 2013, company has witness a better
increase in its sales volume and its profitability margin stood at 2.63%
backed by its debt to equity at 0.04 times. Rating relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. In view of strong support from its holding company, 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 – 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
|
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Avtar Singh |
|
Designation : |
Account Executive |
|
Contact No.: |
91-129-4117388 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered Office : |
69, Friends Colony (West), New Delhi – 110065, India |
|
Tel. No.: |
91-11-41629828 |
|
Mobile No.: |
91-9350107996 (Mr. Jugesh) |
|
Fax No.: |
91-11-41629829 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
210, Charmwood Plaza, Eros Garden Colony, Charmwood Village,
Surajkund Road, Faridabad - 121 009, Haryana, India |
|
Tel. No.: |
91-129-4117388 |
|
Fax No.: |
91-129-4117389 |
|
E-Mail : |
|
|
|
|
|
Factory : |
55, Industrial Area, NIT, Faridabad – 121001, Haryana, India |
DIRECTORS
AS ON 13.05.2014
|
Name : |
Mr. Chekitan Sawhney |
|
Designation : |
Managing director |
|
Address : |
69, Friends Colony (West), New Delhi, India |
|
Date of Birth/Age : |
08.12.1961 |
|
Date of Appointment : |
27.05.1996 |
|
DIN No.: |
00419885 |
|
|
|
|
Name : |
Mr. Agnes Schreder Keutgen |
|
Designation : |
Nominee director |
|
Address : |
Avenue Juliette, 13/B2,1180, Brussels, Belgium Belgian |
|
Date of Birth/Age : |
06.12.1952 |
|
Date of Appointment : |
21.09.2012 |
|
DIN No.: |
01389685 |
|
|
|
|
Name : |
Mr. Praveen Agarwal |
|
Designation : |
Director |
|
Address : |
89, Sunder Nagar, New Delhi, India |
|
Date of Birth/Age : |
03.09.1953 |
|
Date of Appointment : |
02.09.2003 |
|
DIN No.: |
00036445 |
|
|
|
|
Name : |
Mr. Dieter Etienne Poleyn |
|
Designation : |
Nominee Director |
|
Address : |
RUE Hector Denis, 51/1050 Ixelles, Belgium Belgian |
|
Date of Birth/Age : |
04.12.1972 |
|
Date of Appointment : |
24.01.2012 |
|
DIN No.: |
05205618 |
|
|
|
|
Name : |
Mr. Stephen Arthur Bruford Hemsley |
|
Designation : |
Director |
|
Address : |
7 Buldowne Walk, Lymington, So 41 6du Sway 999999 |
|
Date of Birth/Age : |
19.01.1962 |
|
Date of Appointment : |
08.10.2012 |
|
DIN No.: |
05183247 |
KEY EXECUTIVES
|
Name : |
Mr. Avtar Singh |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.05.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sawhney Chekitan |
|
533404 |
|
Schreder S A, Belgium |
|
800106 |
|
|
|
|
|
Total |
|
1333510 |
Equity Share Break up (Percentage of Total Equity)
As on: 13.05.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
60.00 |
|
Directors or relatives of directors |
|
40.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of electronic components. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Not Divulged
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
55 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Dinodia and Company Chartered Accountants |
|
Address : |
K-39, Connaught Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-43703300 |
|
Fax No.: |
91-11-41513666 |
|
E-Mail : |
|
|
PAN No.: |
ACLFS0165R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 13.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1333510 |
Equity Shares |
Rs.10/- each |
Rs. 13.335
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.12.2013 |
31.12.2012 (9 Months) |
31.03.2012 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
13.335 |
13.335 |
13.335 |
|
(b) Reserves & Surplus |
187.597 |
181.037 |
189.467 |
|
(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) |
200.932 |
194.372 |
202.802 |
|
|
|
|
|
|
(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 |
0.051 |
0.051 |
0.051 |
|
(d) long-term
provisions |
10.977 |
10.123 |
9.584 |
|
Total Non-current
Liabilities (3) |
11.028 |
10.174 |
9.635 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
8.454 |
0.172 |
0.000 |
|
(b) Trade payables |
97.150 |
45.886 |
46.259 |
|
(c) Other current liabilities |
9.507 |
12.034 |
10.020 |
|
(d) Short-term provisions |
3.170 |
1.031 |
1.643 |
|
Total Current
Liabilities (4) |
118.281 |
59.123 |
57.922 |
|
|
|
|
|
|
TOTAL |
330.241 |
263.669 |
270.359 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.102 |
49.177 |
51.044 |
|
(ii) Intangible Assets |
0.121 |
0.253 |
0.341 |
|
(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) |
1.486 |
2.787 |
0.080 |
|
(d) Long-term Loan and Advances |
8.482 |
10.314 |
6.681 |
|
(e) Other
Non-current assets |
7.265 |
0.681 |
3.338 |
|
Total Non-Current
Assets |
66.456 |
63.212 |
61.484 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
95.037 |
79.540 |
65.643 |
|
(c) Trade receivables |
82.119 |
39.505 |
58.266 |
|
(d) Cash and cash equivalents |
72.280 |
77.814 |
75.879 |
|
(e) Short-term loans and advances |
14.349 |
3.546 |
8.868 |
|
(f) Other current assets |
0.000 |
0.052 |
0.219 |
|
Total Current
Assets |
263.785 |
200.457 |
208.875 |
|
|
|
|
|
|
TOTAL |
330.241 |
263.669 |
270.359 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 (9 Months) |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
376.381 |
145.619 |
263.372 |
|
|
|
Other Income |
8.044 |
11.048 |
5.405 |
|
|
|
TOTAL (A) |
384.425 |
156.667 |
268.777 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
364.667 |
162.755 |
255.498 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.758 |
(6.088) |
13.279 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
2.475 |
0.300 |
0.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.283 |
(6.388) |
13.073 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.303 |
4.741 |
7.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
9.980 |
(11.129) |
5.616 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.420 |
(2.699) |
2.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.560 |
(8.430) |
2.653 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
157.788 |
166.218 |
163.565 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
164.348 |
157.788 |
166.218 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.91 |
(6.32) |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 (9 Months) |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.74
|
5.78 |
1.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.25
|
(4.18) |
5.074 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.04 |
(4.27) |
2.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
(0.06) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23 |
3.39 |
3.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
13.335 |
13.335 |
13.335 |
|
Reserves & Surplus |
189.467 |
181.037 |
187.597 |
|
Net worth |
202.802 |
194.372 |
200.932 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.172 |
8.454 |
|
Total borrowings |
0.000 |
0.172 |
8.454 |
|
Debt/Equity ratio |
0.000 |
0.001 |
0.042 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
263.372 |
145.619 |
376.381 |
|
|
|
(44.710) |
158.470 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
263.372 |
145.619 |
376.381 |
|
Profit |
2.653 |
(8.430) |
6.560 |
|
|
1.01% |
(5.79)% |
1.74% |
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 |
No |
|
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
----- |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80014309 |
19/02/2014 * |
150,000,000.00 |
ING VYSYA BANK LIMITED |
D-64/127-C-H, NAGAR NIGAM ROAD, RAILWAY ROAD, FARIADBAD, HARYANA - 121001, INDIA |
C04629499 |
* Date of charge modification
FIXED ASSETS
- Building
- Testing Equipment’s
- Office Equipment’s
- Air Conditions
- Tools and Dies
- Plant and Machinery
- Furniture’s and Fittings
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 63.90 |
|
UK Pound |
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
42 |
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.