MIRA INFORM REPORT
|
Report No. : |
318092 |
|
Report Date : |
12.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
S.K. LOGISTICS |
|
|
|
|
Registered
Office : |
City Link, Warehousing Complex, BK-KK Developers, Building No.B-3,
Village Vadape, Bhiwandi, Thane – 421302, Maharashtra |
|
Mobile No.: |
91-9819364557 (Ms. Purvi) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.695 Million |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABOFS1001Q |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Warehousing and C&F agent for pharmaceutical products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track record. Profitability of the concern is sound. General financial position of
the concern is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The concern can considered normal 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 – 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
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 PARTED BY
|
Name : |
Mr. Purvi Sheth |
|
Designation : |
Business Development Manager |
|
Contact No.: |
91-9819364557 (Ms. Purvi) |
|
Date : |
09.05.2015 |
LOCATIONS
|
Registered Office : |
City Link, Warehousing Complex, BK-KK Developers, Building No.B-3,
Village Vadape, Bhiwandi, Thane – 421302, Maharashtra, India |
|
Tel. No.: |
91-2522-307575 |
|
Mobile No.: |
91-9819364557 (Ms. Purvi) |
|
Fax No.: |
91-2522-307500 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
3-A, Shivsagar Estate, North Wing, Dr. Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66227575 |
|
Fax No.: |
91-22-66227500 |
|
|
|
|
Warehouse : |
Plot No.13-A, Paper Box House, Serve No.78, Hissa No.1, CST No.46/15, Mahakali
Road, Andheri East, Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-33103605 / 08 |
PARTNERS
|
Name : |
Mr. Bipin Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. S. K. Parivar Trust |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Purvi Sheth |
|
Designation : |
Business Development Manager |
BUSINESS DETAILS
|
Line of Business : |
Warehousing and C&F agent for pharmaceutical products. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Krshna and Associates Chartered Accountants |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Membership : |
Not Divulged |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
|
Partner’s Capital Account |
Rs. In Million |
|
|
Fixed Capital |
|
|
|
Bipin N. Shah |
0.011 |
|
|
S. K. Pariwar
Trust |
0.039 |
0.050 |
|
|
|
|
|
Current Capital |
|
|
|
Bipin N. Shah |
12.605 |
|
|
Add: Capital
Introduced |
2.150 |
|
|
Less: Capital
Withdrawn |
6.700 |
|
|
Add: Interest on
Capital |
1.066 |
|
|
Add: Share of
Profit |
11.147 |
20.268 |
|
|
|
|
|
S. K. Pariwar
Trust |
19.922 |
|
|
Add: Capital
Introduced |
0.300 |
|
|
Less: Capital
Withdrawn |
20.391 |
|
|
Add: Interest on
Capital |
1.024 |
|
|
Add: Share of
Profit |
39.522 |
40.377 |
|
|
|
|
|
TOTAL |
|
60.695 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partner’s Capital |
|
|
60.695 |
|
(b) Reserves & Surplus |
|
|
0.000 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
60.695 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
99.767 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
99.767 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
|
12.889 |
|
(b) Trade
payables |
|
|
10.053 |
|
(c) Other
current liabilities |
|
|
3.069 |
|
(d) Short-term
provisions |
|
|
68.918 |
|
Total Current
Liabilities (4) |
|
|
94.929 |
|
|
|
|
|
|
TOTAL |
|
|
255.391 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
117.104 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
15.190 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
15.198 |
|
Total Non-Current
Assets |
|
|
147.492 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c) Trade
receivables |
|
|
46.875 |
|
(d) Cash
and cash equivalents |
|
|
0.279 |
|
(e)
Short-term loans and advances |
|
|
60.077 |
|
(f) Other
current assets |
|
|
0.668 |
|
Total
Current Assets |
|
|
107.899 |
|
|
|
|
|
|
TOTAL |
|
|
255.391 |
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Fixed Capital Accounts |
|
|
0.050 |
|
|
2] Current Accounts |
|
|
32.526 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
32.576 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
14.157 |
|
|
2] Unsecured Loans |
|
|
123.795 |
|
|
TOTAL BORROWING |
|
|
137.952 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
170.528 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
108.355 |
|
|
Capital work-in-progress |
|
|
2.618 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
41.420 |
|
|
Cash & Bank Balances |
|
|
15.694 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
50.445 |
|
Total
Current Assets |
|
|
107.559 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
18.237 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
29.767 |
|
Total
Current Liabilities |
|
|
48.004 |
|
|
Net Current Assets |
|
|
59.555 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
170.528 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
250.733 |
142.909 |
|
|
|
Other Income |
|
33.012 |
4.232 |
|
|
|
TOTAL (A) |
|
283.745 |
147.141 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefits Expenses |
|
62.601 |
32.714 |
|
|
|
Other Expenses |
|
108.518 |
0.000 |
|
|
|
Administrative Expenses |
|
0.000 |
52.591 |
|
|
|
TOTAL (B) |
|
171.119 |
85.305 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
112.626 |
61.836 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
15.168 |
16.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
97.458 |
45.721 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
16.713 |
15.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
80.745 |
30.683 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
30.075 |
9.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
50.670 |
20.958 |
|
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
|
20.21 |
14.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
|
44.92 |
43.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
|
33.62 |
14.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.33 |
0.94 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
1.86 |
4.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.14 |
2.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs. In
Million |
Rs.
In Million |
|
Sales |
|
142.909 |
250.733 |
|
|
|
|
75.449 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
142.909 |
250.733 |
|
Profit |
|
20.958 |
50.670 |
|
|
|
14.67% |
20.21% |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
No |
------------------------------------------------------------------------------------------------------------------------------
M/s. S. K. LOGISTICS
COMPUTATION OF TOTAL INCOME
ASSESSMENT YEAR: 2013-2014
(RS. IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
BUSINESS
INCOME |
|
|
|
|
Net profit as per
Profit & Loss A/c (PBT) |
|
30.683 |
|
|
|
|
|
|
|
Add: Disallowable / Considered separately: |
|
|
|
|
Donation (Considered separately) |
1.500 |
|
|
|
Service tax (U/s 43-B) |
0.390 |
|
|
|
Interest on O/D. – BOI (U/s 43-B) |
0.012 |
|
|
|
ESIC (U/s 43-B) |
0.008 |
|
|
|
PF (U/s 43-B) |
0.029 |
|
|
|
ESIC / PF DELAYED Payment |
0.038 |
|
|
|
Prof Tax (U/s 43-B) |
0.015 |
|
|
|
Service Tax (GTA) (U/s 43-B) |
0.002 |
|
|
|
|
|
1.994 |
|
|
|
|
32.677 |
|
|
|
|
|
|
|
Less: Items Allowable: |
|
|
|
|
Interest on O/D. – BOI (U/s.43-B) Pd. On April- 2013 |
0.012 |
|
|
|
ESIC (U/s 43-B) (Paid on 15/04/2013) |
0.008 |
|
|
|
PF(U/s 43-B) (Paid on 30.04.2013) |
0.029 |
|
|
|
Prof Tax (U/s 43-B) (Paid on 30.04.2013) |
0.015 |
|
|
|
Service Tax (U/s 43-B) (Paid on 14.06.2013) |
0.390 |
|
|
|
Service Tax (GTA) (U/s. 43-B) (Paid on 01.07.2013) |
0.003 |
0.457 |
32.220 |
|
|
|
Gross Total Income Rs. |
32.220 |
|
|
|
|
|
|
Less: Deduction Under Chapter VI A: |
|
|
|
|
Deduction u/s 80G |
|
|
|
|
Donation paid to S. K. Trust Rs.1.500 Million @ 50% |
|
|
0.750 |
|
|
|
Total Income Rs. |
31.470 |
|
|
|
Say Rs. |
31.470 |
------------------------------------------------------------------------------------------------------------------------------
TAX CALCULATION
|
PARTICULARS |
31.03.2014 |
||
|
Income tax on Total income Rs. |
31.470 |
|
9.441 |
|
Add: Edu. Cess and SHEC @ 3% |
|
|
0.283 |
|
|
|
|
9.724 |
|
|
|
|
|
|
Less: Tax Deducted at sources (Per 26AS) |
|
|
|
|
Tax Deducted at sources (Not reflected in 26AS as at 10.09.2013) |
|
17.686 |
|
|
|
|
0.808 |
18.494 |
|
|
|
Refund Due Rs. |
(8.770) |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
·
Furniture and Fittings
·
Plant and Machinery
·
Air Conditioner
·
Audio System
·
Camera System
·
Cold Room and Puff
·
Cleaning Machine
·
Deep Freezer
·
Fax Machine
·
Fire and Safety
Equipments
·
Generator
·
Material Handling
Equipment
·
Office Equipment
·
Payload Lift
·
Refrigerator
·
Scooter
·
Motor Bike
·
Telephone System
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.63.85 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.