MIRA INFORM REPORT
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Report No. : |
320577 |
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Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SUMEET TRANS LOGISTICS PRIVATE LIMITED (w.e.f. 10.07.2012) |
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Formerly Known
As : |
SUMEET ROAD CARRIER PRIVATE LIMITED |
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Registered
Office : |
315, Mahinder Chambers, 3rd Floor, 619/28 W.T. Patie Marg, Chembur, Mumbai-400071, Maharashtra |
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Tel. No.: |
91-22-25207275 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.04.2004 |
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Com. Reg. No.: |
11-146015 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
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CIN No.: [Company Identification
No.] |
U63000MH2004PTC146015 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS38414F |
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PAN No.: [Permanent Account No.] |
AAICS1076K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Transportation of Goods by Road, Rail and Air and
also Hiring of own Trucks, Trailors and Cranes. |
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No. of Employees
: |
Not Divulged |
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RATING & COMMENTS
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MIRA’s Rating : |
B (32) |
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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. The rating is constrained on account of company’s moderate financial
risk profile and losses that company has incurred from its operational
activities. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. In view of operational losses, the company can be considered for
business dealing 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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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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
31-03-2014.
INFORMATION DECLINED BY
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Name : |
Mrs. Rekha Gupta |
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Designation : |
Director |
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Contact No.: |
91-22-25207275 |
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Date : |
02.05.2015 |
LOCATIONS
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Registered Office : |
315, Mahinder Chambers, 3rd Floor, 619/28 W.T. Patie Marg, Chembur, Mumbai-400071, Maharashtra |
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Tel. No.: |
91-22-25207275 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
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Name : |
Mr. Prasad Mahabir Gupta |
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Designation : |
Whole Time Director |
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Address : |
Utsav Plot No. 520, 12th Road, Flat No. 201, Chembur,
Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
12.03.1956 |
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Date of Appointment : |
30.04.2004 |
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DIN No.: |
00773850 |
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Other Directorship :
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Name : |
Mrs. Rekha Gupta |
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Designation : |
Director |
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Address : |
Utsav Plot No. 520, 12th Road, Flat No. 201, Chembur,
Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
25.03.1964 |
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Date of Appointment : |
30.04.2004 |
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PAN No.: |
AEGPG2333C |
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DIN No.: |
00773971 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
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Names of Shareholders |
No. of Shares |
Percentage of Holding |
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Mahabir Prasad Gupta |
220000 |
22.00 |
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Rekha Gupta |
250000 |
25.00 |
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Amit Gupta |
220000 |
22.00 |
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Master Sumeet Gupta |
165000 |
16.50 |
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Mahabir Prasad Gupta |
5000 |
0.50 |
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Mahabir Prasad and Sons HUF |
140000 |
14.00 |
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Total |
1000000 |
100.00 |
AS ON 30.09.2014
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Transportation of Goods by Road, Rail and Air
and also Hiring of own Trucks, Trailors and Cranes. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India · Axis Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institutions : |
· Tata Capital Limited, One Forbes, Dr V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India ·
L and T Finance Limited, Land T House, Ballard
Estate, Mumbai – 400001, Maharashtra, India |
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Auditors : |
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Name : |
C. Aggarwal and Company Chartered Accountants |
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Address : |
102, Bharat Chambers, Baroda Street, Mumbai -,
400009, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFC4058R |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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15,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
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SOURCES OF
FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
10.000 |
10.000 |
10.000 |
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(b) Reserves & Surplus |
209.665 |
221.875 |
269.285 |
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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) |
219.665 |
231.875 |
279.285 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
346.131 |
364.824 |
413.412 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
346.131 |
364.824 |
413.412 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b)
Trade payables |
11.284 |
6.097 |
10.980 |
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(c)
Other current liabilities |
0.297 |
0.195 |
0.263 |
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(d)
Short-term provisions |
6.500 |
6.500 |
36.500 |
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Total
Current Liabilities (4) |
18.081 |
12.792 |
47.743 |
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TOTAL |
583.877 |
609.491 |
740.440 |
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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 |
144.573 |
242.764 |
364.163 |
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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 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
69.932 |
71.023 |
82.610 |
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(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
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(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
214.505 |
313.787 |
446.773 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
0.000 |
0.000 |
0.000 |
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(c)
Trade receivables |
331.669 |
252.959 |
211.048 |
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(d)
Cash and cash equivalents |
1.763 |
1.083 |
1.266 |
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(e)
Short-term loans and advances |
35.736 |
41.254 |
80.741 |
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(f)
Other current assets |
0.204 |
0.408 |
0.612 |
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Total
Current Assets |
369.372 |
295.704 |
293.667 |
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TOTAL |
583.877 |
609.491 |
740.440 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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TOTAL |
NA |
NA |
NA |
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Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
83.225 |
104.598 |
111.156 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
(95.435) |
(151.523) |
75.213 |
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PROFIT/ (LOSS)
BEFORE TAX |
(12.210) |
(46.925) |
29.443 |
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Less |
TAX |
0.000 |
0.486 |
6.714 |
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PROFIT/ (LOSS)
AFTER TAX |
(12.210) |
(47.411) |
22.729 |
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Earnings/ (Loss)
Per Share (Rs.) |
0.01 |
0.04 |
0.02 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(2.38) |
(8.71) |
4.48 |
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Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
(0.20) |
0.11 |
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Debt Equity Ratio (Total Debt/Networth) |
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1.58 |
1.57 |
1.48 |
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Current Ratio (Current Asset/Current Liability) |
|
20.43 |
23.12 |
6.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
269.285 |
221.875 |
209.665 |
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Net
worth |
279.285 |
231.875 |
219.665 |
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Long-term Borrowings |
413.412 |
364.824 |
346.131 |
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Short-term Borrowings |
0.000 |
0.000 |
0.000 |
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Total
borrowings |
413.412 |
364.824 |
346.131 |
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Debt/Equity
ratio |
1.480 |
1.573 |
1.576 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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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 |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10411803 |
25/01/2013 |
222,440,000.00 |
L AND T
FINANCE LIMITED |
L AND T
HOUSE, BALLARD ESTATE, MUMBAI- 400001, MAHARASHTRA, INDIA |
B70770227 |
|
2 |
10383522 |
15/09/2012 |
23,370,000.00 |
L AND T
FINANCE LIMITED |
L AND T
HOUSE, BALLARD ESTATE, MUMBAI- 400001 MAHARASHTRA , INDIA |
B60924313 |
|
3 |
10347102 |
30/03/2012 |
2,975,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI 400013, MAHARASHTRA, INDIA |
B36808533 |
|
4 |
10342967 |
14/03/2012 |
6,900,000.00 |
TATA
CAPITAL LIMITED |
ONE FORBES, DR V B
GANDHI MARG,FORT, MUMBAI- 400001,
MAHARASHTRA, INDIA |
B35364454 |
|
5 |
10336253 |
13/02/2012 |
23,800,000.00 |
TATA
CAPITAL LIMITED |
ONE
FORBES, DR V B GANDHI MARG,FORT, MUMBAI- 400001, MAHARASHTRA, INDIA |
B32399248 |
|
6 |
10333988 |
22/12/2011 |
11,200,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST |
B31445125 |
|
7 |
10322306 |
01/12/2011 |
14,875,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI-400013, MAHARASHTRA,
INDIA |
B27534114 |
|
8 |
10266711 |
21/12/2010 |
6,927,500.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI– 400013, MAHARASHTRA,
INDIA |
B05447925 |
|
9 |
10245238 |
18/10/2010 |
5,450,000.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI-400013, MAHARASHTRA, INDIA |
A96775176 |
|
10 |
10245240 |
15/09/2010 |
6,927,500.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL INDIA |
A96775812 |
|
11 |
10149232 |
17/03/2008 |
1,700,000.00 |
GE
CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS
BUILDING 1, RAFI MARG, NEW DELHI-
110001, DELHI INDIA |
A35259241 |
|
12 |
10089509 |
18/02/2008 |
5,775,000.00 |
GE CAPITAL
TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS
BUILDING 1, RAFI MARG, NEW DELHI - 110001, DELHI, INDIA |
A32445983 |
|
13 |
10074451 |
31/10/2007 |
5,900,000.00 |
GE
CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS BUILDING,,
1, RAFI MARG, , NEW DELHI – 110001, DELHI, INDIA |
A26067561 |
|
14 |
10063797 |
29/06/2010
* |
75,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI-400013,
MAHARASHTRA,INDIA |
A88719281 |
|
15 |
10003465 |
05/04/2006 |
10,300,000.00 |
GE
CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
AIFACS BUILDING,1,
RAFI MARG, NEW DELHI- - 110001, DELHI, INDIA |
A00865451 |
|
16 |
90146865 |
20/04/2005 |
800,000.00 |
CECAPITAL
TFS LIMITED |
4 LINK ROAD,
JANGPURA EXTN., NEW DELHI-10014, DELHI
– 1, INDIA |
- |
|
17 |
90146232 |
10/11/2001 |
4,554,435.00 |
CECAPITAL
TFS LIMITED |
4 LINK
ROAD, JANGPURA EXTN., NEW DELHI-10014,
DELHI – 1, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other Loans and Advances |
75.300 |
67.800 |
|
Total |
75.300 |
67.800 |
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from 115, Shrikant
Chambers, T Road, Next To R. K. Studio, Chembur, Mumbai – 400074, Maharashtra,
India to the present address w.e.f. 29.10.2008.
BUSINESS
ACTIVITIES OF THE COMPANY AND COMPANY’S PERFORMANCE:
The company is registered as a Service Company engaged in Transportation of Goods by Road, Rail and Air and also Hiring of Own Trucks, Trailors and Cranes. The working of the Company during the F.Y. 2013-14 shows Net Loss after Depreciation and Provision for Taxation (if any) of Rs. (12.209 Million) as compared to Net Loss after Depreciation and Provision for Taxation (if any) of Rs. (46.925 Million) during the F.Y. 2012-13 The working of the Company during the current Financial Year is not very encouraging as compared to previous year due to weak economic conditions prevailing in the country and also in this industry. Also the Turnover of the Company has been drastically reduced as compared to the previous year. During the Financial Year, the Company has made Investments in Equity Shares Listed on the Stock Exchanges and the Company has made Net Capital Loss on Sale of part of the Investments in Equity Shares due to Weak Financial Capital Market during the year under consideration.
FIXED ASSETS:
· Vehicles
· Furniture and fixtures
· Plant and equipment
· Office equipment
· Computer equipment’s
· Other equipment’s
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. 63.58 |
|
|
1 |
Rs. 97.99 |
|
Euro |
1 |
Rs. 70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.