MIRA INFORM REPORT
|
Report No. : |
310585 |
|
Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOEL MOTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-55, Industrial Area, Phase - VI, SAS Nagar, Mohali – 160055, Punjab |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.09.2006 |
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Com. Reg. No.: |
16-030613 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50101PB2006PTC030613 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCG6602M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Supplier of Maruti Cars. |
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|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. 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 financials for the year 2014 is not available from any sources. As per available financial of 2013, the company has incurred
accumulated losses which has eroded the networth of the company. However, business is active as per registrar of companies. Payment
terms are unknown. The company can be considered for business dealings on safe and
secured trade terms and conditions. Note : There are amount differentials for the same financial year performance
of 2012. The amounts differ for the FY 2012 in Director’s Report for FY 2013
and FY2012. |
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 = BB- [Suspended] |
|
Rating Explanation |
Inadequate credit default and high credit risk. |
|
Date |
23.11.2014 |
Reasons for suspension:
Suspension is on account of non-cooperation by
the company.
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 BY
|
Name : |
Mr. Khurana |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9988487500 |
|
Date : |
02.03.2015 |
LOCATIONS
|
Registered Office : |
B-55, Industrial Area, Phase - VI, SAS Nagar, Mohali – 160055, Punjab |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9988487500 (Mr. Khurana) 91-9988442700 (Mr. Harvind Singh) 91-9876668116 (Mr. Sanjay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
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|
Dealerships Office 1 : |
Tara Devi, N.H.-22, Shimla-Kalka Highway, Shimla - 171010, Himachal Pradesh, India |
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Tel. No.: |
91-177-2831872 |
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Fax No.: |
91-177-2831872 |
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|
|
|
Head Office / Dealerships Office 2: |
Deonghat, Solan – 173211, Himachal Pradesh, India |
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|
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|
Dealerships Office 3 : |
Located At : Paonta Sahib |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Prem Chand Goel |
|
Designation : |
Director |
|
Address : |
House No.13, Shivalik Enclave, Manimajra, Chandigarh, India |
|
Date of Birth/Age : |
11.05.1954 |
|
Date of Appointment : |
20.09.2006 |
|
DIN No.: |
00683215 |
|
|
|
|
Name : |
Ankush Goel |
|
Designation : |
Director |
|
Address : |
House No.13, Shivalik Enclave, Manimajra, Chandigarh, India |
|
Date of Birth/Age : |
01.02.1981 |
|
Date of Appointment : |
20.09.2006 |
|
DIN No.: |
00683249 |
|
|
|
|
Name : |
Sanjeev Raj Goel |
|
Designation : |
Director |
|
Address : |
House No.13, Shivalik Enclave, Manimajra, Chandigarh, India |
|
Date of Birth/Age : |
03.03.1962 |
|
Date of Appointment : |
20.09.2006 |
|
DIN No.: |
00684206 |
KEY EXECUTIVES
|
Name : |
Mr. Khurana |
|
Designation : |
Finance Manager |
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|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Account Department |
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|
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|
Name : |
Mr. Harvind |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prem Chand Goel |
|
600000 |
|
Ankush Goel |
|
300000 |
|
Sanjeev Raj Goel |
|
900000 |
|
Bharat Bhushan |
|
200000 |
|
|
|
|
|
Total |
|
2000000 |
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 : |
Dealer and Supplier of Maruti Cars. |
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|
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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 : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
State Bank of Patiala, Commercial Branch, SCO 103-107 ,Sector 8-C, Chandigarh - 160019, India |
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Facilities : |
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Banking
Relations : |
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Financial Institution : |
Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi
Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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|
Name : |
Sharma Ajay and Associates Chartered Accountants |
|
Address : |
1995, Sector 15, Panchkula, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ANLPS4120M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
20.000 |
20.000 |
10.000 |
|
(b) Reserves & Surplus |
(21.230) |
(23.230) |
(25.872) |
|
(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) |
(1.230) |
(3.230) |
(15.872) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
66.089 |
54.868 |
34.164 |
|
(b) Deferred tax liabilities
(Net) |
0.477 |
0.477 |
0.477 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.350 |
0.220 |
0.000 |
|
Total
Non-current Liabilities (3) |
66.916 |
55.565 |
34.641 |
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|
|
|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
209.170 |
169.982 |
120.631 |
|
(b) Trade payables |
13.345 |
8.865 |
5.722 |
|
(c) Other current liabilities |
9.374 |
38.867 |
19.207 |
|
(d) Short-term provisions |
2.616 |
2.146 |
1.146 |
|
Total
Current Liabilities (4) |
234.505 |
219.860 |
146.706 |
|
|
|
|
|
|
TOTAL |
300.191 |
272.195 |
165.475 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
52.657 |
31.297 |
20.279 |
|
(ii) Intangible Assets |
0.010 |
0.015 |
0.015 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.621 |
7.191 |
1.285 |
|
(e) Other Non-current assets |
0.000 |
3.407 |
0.245 |
|
Total
Non-Current Assets |
61.288 |
41.910 |
21.824 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.200 |
0.000 |
0.000 |
|
(b) Inventories |
139.890 |
147.763 |
74.916 |
|
(c) Trade receivables |
58.746 |
31.364 |
50.670 |
|
(d) Cash and cash equivalents |
33.734 |
37.666 |
12.311 |
|
(e) Short-term loans and
advances |
6.333 |
13.492 |
2.815 |
|
(f) Other current assets |
0.000 |
0.000 |
2.939 |
|
Total
Current Assets |
238.903 |
230.285 |
143.651 |
|
|
|
|
|
|
TOTAL |
300.191 |
272.195 |
165.475 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1520.350 |
1317.960 |
1030.055 |
|
|
Other Income |
17.580 |
6.770 |
8.304 |
|
|
TOTAL (A) |
1537.930 |
1324.730 |
1038.359 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
1502.450 |
1293.260 |
1011.883 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
35.480 |
31.470 |
26.476 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
28.320 |
25.210 |
17.997 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
7.160 |
6.260 |
8.479 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.690 |
2.210 |
2.212 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2.470 |
4.050 |
6.267 |
|
|
|
|
|
|
|
|
TAX (H) |
0.470 |
1.410 |
1.162 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2.000 |
2.640 |
5.105 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
2.000 |
2.640 |
5.105 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.00 |
1.32 |
2.55 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.13 |
0.20 |
0.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.33 |
2.39 |
2.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82 |
1.49 |
3.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.01) |
(1.25) |
(0.39) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(223.79) |
(69.61) |
(9.75) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.05 |
0.98 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
(25.872) |
(23.230) |
(21.230) |
|
Net worth |
(15.872) |
(3.230) |
(1.230) |
|
|
|
|
|
|
long-term borrowings |
34.164 |
54.868 |
66.089 |
|
Short term borrowings |
120.631 |
169.982 |
209.170 |
|
Total borrowings |
154.795 |
224.850 |
275.259 |
|
Debt/Equity ratio |
(9.753) |
(69.613) |
(223.788) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1030.055 |
1317.960 |
1520.350 |
|
|
|
27.950 |
15.356 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1030.055 |
1317.960 |
1520.350 |
|
Profit |
5.105 |
2.640 |
2.000 |
|
|
0.50% |
0.20% |
0.13% |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
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 |
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 |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
24.413 |
36.373 |
|
Loans and advances from others |
9.584 |
17.205 |
|
|
|
|
|
Total |
33.997 |
53.578 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495545 |
21/03/2014 |
5,384,432.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
C04727509 |
|
2 |
10495538 |
21/03/2014 |
14,331,568.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
C04725974 |
|
3 |
10406479 |
30/12/2012 |
10,232,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B68989540 |
|
4 |
10406474 |
30/12/2012 |
14,004,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B68988047 |
|
5 |
10356065 |
20/04/2012 |
15,800,000.00 |
UNION BANK OF INDIA |
SCO 463-64, SECTOR 35-C, CHANDIGARH, CHANDIGARH - |
B39730247 |
|
6 |
10286466 |
20/04/2012 * |
120,000,000.00 |
UNION BANK OF INDIA |
SCO 463-64, SECTOR 35-C, CHANDIGARH, CHANDIGARH - |
B38491478 |
|
7 |
10092049 |
11/02/2008 |
104,700,000.00 |
UNION BANK OF INDIA |
SECTOR 35-C, CHANDIGARH, CHANDIGARH - 160036, INDI |
A33625963 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 records 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.61.84 |
|
|
1 |
Rs. 95.14 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.