MIRA INFORM REPORT
|
Report No. : |
311483 |
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Report Date : |
17.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMRAT GEMS IMPEX PRIVATE LIMITED (w.e.f.23.09.2008) |
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Formerly Known
As : |
SAMRAT GLOBAL PRIVATE LIMITED (w.e.f. 07.01.2008) SAMRAT GEMS IMPEX PVT LTD |
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Registered
Office : |
Unit No 13, Plot No. 17, Marol Co. Operative Industrial Estate, M. V.
Road, Marol, Andheri (East), Mumbai-400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
17.12.1984 |
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Com. Reg. No.: |
11-034823 |
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Capital
Investment / Paid-up Capital : |
Rs. 40.000 Million |
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CIN No.: [Company Identification
No.] |
U51398MH1984PTC034823 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Garment |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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. Management of the company has failed to file its financial for the
year 2014 with the government department. As per the available financial of 2013, the profit margin of the
company seems to be low. Borrowings recorded by the company are huge. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company 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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Fund based working capital limits “B” |
|
Rating Explanation |
High risk of default |
|
Date |
06.02.2014 |
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Rating Agency Name |
INDIA RATING |
|
Rating |
Non Fund based working capital limits “A4” |
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Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
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Date |
06.02.2014 |
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 PARTED BY
|
Name : |
Mr. Samir Thakur |
|
Designation : |
Chief Finance Officer |
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Contact No.: |
91-22-67683777 |
|
Date : |
11.03.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
Unit No 13, Plot No. 17, Marol Co. Operative Industrial Estate, M. V. Road,
Marol, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-67683777 |
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Mobile No.: |
91-9820055525 (Mr. Rajiv) |
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Fax No.: |
91-22-28518311 |
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E-Mail : |
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Website : |
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Factory 1 : |
Unit No: 109-112 and 116-124, Building # AQ-2, 1st Floor, Shri Rajlaxmi Complex, Village : Kalher, Old Agra Road, Bhiwandi, Thane-421302, Maharashtra, India |
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Factory 2 : |
Plot No 201, 3rd Phase, Bommasandra Industrial Area, KIADB, Hosur Main Road Bangalore-560 099, Karnataka, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Shyamlal Kanshiram Sharma |
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Designation : |
Director |
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Address : |
502, Marble Arch 94 Pali Hill Bandra (West), Mumabi-40050,
Maharashtra, India |
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Date of Birth/Age : |
20.08.1938 |
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Date of Appointment : |
17.12.1984 |
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DIN No.: |
01129794 |
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Name : |
Mr. Rajiv Shyamlal Sharma |
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Designation : |
Director |
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Address : |
502, Marble Arch 94 Pali Hill Bandra (West), Mumabi-40050, Maharashtra,
India |
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Date of Birth/Age : |
21.10.1966 |
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Date of Appointment : |
17.12.1984 |
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DIN No.: |
01129863 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Samir Thakur |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Shyamlal Kanshiram Sharma |
161,060 |
40.27 |
|
Rajiv Shyamlal Sharma |
182,410 |
45.60 |
|
Suphlarani S. Sharma |
42,240 |
10.56 |
|
Ritu Rajiv Sharma |
14,290 |
3.57 |
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Total |
400,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Garment |
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Products : |
Garments |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Note : Terms of
Secured Loan Term Loans- 1)
From Canara Bank- were secured by way hypothecation
of plant and Machinery are repayable 60 monthly installments 2)
From Future Capital Holding Limited-were secured
by way of personal security of Director are repayable 180 monthly
installments. 3)
Vehicle loans from Axis Bank Limited and HDFC Bank
Limited were secured by way of hypothecation of vehicles are repayable 38
monthly installments. Loan from Bank-
Canara Bank 1)
Secured by way of Hypothecation of Stock, Book
Debts and First Charge on factory building and office building. 2)
Secured by way of personal Gurantee of Promoters,
Directors of the Company. |
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Auditors : |
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Name : |
Thanawala and Company Chartered Accountants |
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Address : |
505, Abhay Steel House, 5th Floor, Baroda Street, Iron Market,
Mumbai-400009, Maharashtra, India |
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Tel. No.: |
91-22-23486679/23484336 |
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Fax No.: |
91-22-23481151 |
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PAN No.: |
AAAPT3237C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
40.000 |
40.000 |
40.000 |
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(b) Reserves & Surplus |
29.316 |
26.380 |
27.148 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
69.316 |
66.380 |
67.148 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
139.322 |
118.955 |
112.504 |
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(b) Deferred tax liabilities (Net) |
1.972 |
2.358 |
1.324 |
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(c) Other long term
liabilities |
1.125 |
2.181 |
40.947 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
142.419 |
123.494 |
154.775 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
227.100 |
227.574 |
233.146 |
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(b) Trade
payables |
118.723 |
78.811 |
96.667 |
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(c) Other
current liabilities |
5.273 |
1.966 |
20.256 |
|
(d) Short-term
provisions |
13.710 |
7.938 |
6.569 |
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Total Current
Liabilities (4) |
364.806 |
316.289 |
356.638 |
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TOTAL |
576.541 |
506.163 |
578.561 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
63.995 |
84.605 |
72.671 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(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 |
2.498 |
0.531 |
0.009 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.276 |
5.805 |
5.417 |
|
(e) Other
Non-current assets |
0.130 |
0.189 |
0.248 |
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Total Non-Current
Assets |
73.899 |
91.130 |
78.345 |
|
|
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(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.100 |
183.033 |
192.064 |
|
(c) Trade
receivables |
268.989 |
169.837 |
127.495 |
|
(d) Cash
and cash equivalents |
10.571 |
11.685 |
29.389 |
|
(e) Short-term
loans and advances |
4.239 |
4.671 |
4.336 |
|
(f) Other
current assets |
40.743 |
45.807 |
146.932 |
|
Total
Current Assets |
502.642 |
415.033 |
500.216 |
|
|
|
|
|
|
TOTAL |
576.541 |
506.163 |
578.561 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
557.872 |
706.572 |
|
|
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Other Income |
|
1.513 |
1.368 |
|
|
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TOTAL |
659.004 |
559.385 |
707.940 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
372.662 |
511.752 |
|
|
|
Extraordinary Items |
|
(3.525) |
(0.575) |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(22.581) |
(4.077) |
|
|
|
Employees benefits expense |
|
44.610 |
33.309 |
|
|
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Other expenses |
|
119.791 |
123.091 |
|
|
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TOTAL |
656.453 |
510.957 |
663.500 |
|
|
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|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
48.428 |
44.440 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
41.209 |
37.349 |
|
|
|
|
|
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|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
7.219 |
7.091 |
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|
|
|
|
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|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
6.496 |
6.768 |
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|
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|
|
PROFIT/(LOSS) BEFORE TAX |
2.551 |
0.723 |
0.323 |
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|
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|
Less |
TAX |
(0.385) |
1.491 |
0.256 |
|
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|
PROFIT/(LOSS)
AFTER TAX |
2.936 |
(0.768) |
0.067 |
|
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|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
38.570 |
365.665 |
|
|
TOTAL EARNINGS |
NA |
38.570 |
365.665 |
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|
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|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.34 |
(1.92) |
1.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.45 |
(0.14) |
0.01 |
|
|
|
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|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
8.68 |
6.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.44 |
0.14 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.29 |
5.22 |
5.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.31 |
1.40 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
27.148 |
26.380 |
29.316 |
|
Net
worth |
67.148 |
66.380 |
69.316 |
|
|
|
|
|
|
long-term borrowings |
112.504 |
118.955 |
139.322 |
|
Short term borrowings |
233.146 |
227.574 |
227.100 |
|
Total
borrowings |
345.650 |
346.529 |
366.422 |
|
Debt/Equity
ratio |
5.148 |
5.220 |
5.286 |
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 |
706.572 |
557.872 |
659.004 |
|
|
|
(21.045) |
18.128 |
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 |
706.572 |
557.872 |
659.004 |
|
Profit |
0.067 |
(0.768) |
2.936 |
|
|
0.01% |
(0.14%) |
0.45% |
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 |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Note:
Registered office of the company has been shifted Patel Engg
Co Compound opposite S V Road, Jogeswari West, Mumbai-400102, Maharashtra,
India, to the present address w.e.f.01.10.2007
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
From other |
|
|
|
Financial Institutions |
0.340 |
1.762 |
|
From related parties |
13.531 |
20.135 |
|
Others |
69.200 |
49.500 |
|
Total |
83.071 |
71.397 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10013580 |
05/08/2006 |
20,000,000.00 |
CANARA BANK |
FORT MARKET BRANCH, FERRE ROAD, MUMBAI, Maharashtra - 400038, INDIA |
A03284528 |
|
2 |
10012577 |
13/07/2006 |
16,000,000.00 |
CANARA BANK |
FORT MARKET BRANCH, FERRE ROAD, MUMBAI, Maharashtra - 400038, INDIA |
A02699890 |
|
3 |
90241549 |
12/08/2005 |
2,000,000.00 |
CANARA BANK |
FORT MARKET BR.;FRERE ROAD FORT, MUMBAI, Maharashtra - 400038, INDIA |
- |
|
4 |
90241534 |
20/07/2005 |
1,200,000.00 |
CANARA BANK |
FORT MARKET BR.;FRERE ROAD FORT, MUMBAI, Maharashtra - 400038, INDIA |
- |
|
5 |
90244470 |
02/01/2009 * |
30,000,000.00 |
Canara Bank |
Fort Market Branch, Padyan House, Fort Market, Mumbai, Maharashtra -
400038, INDIA |
A60205424 |
|
6 |
80002334 |
08/01/2014 * |
319,500,000.00 |
Canara Bank |
Fort Market Branch, Padyan House, Frere Road, Fort Market, Mumbai,
Maharashtra - 400038, INDIA |
B97549687 |
|
7 |
90240776 |
20/01/2005 * |
8,500,000.00 |
CANARA BANK |
FORT MARKET BR.;FRERE ROAD FORT, MUMBAI, Maharashtra - 400038, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Plant
machinery
- Furniture and
fixture
- Office
equipment
- Computers
- Vehicle
- Software
- Mobile phone
- Washing
machine
- Air
conditioner
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.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--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.