MIRA INFORM REPORT
|
Report No. : |
318558 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUARDWEL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 24/25, Rajhans Industrial Complex, Chinchpada, Gokhvare,
Vasai (East), Mumbai-401208, Maharashtra |
|
Tel. No.: |
91-250-6554301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
28.04.1995 |
|
|
|
|
Com. Reg. No.: |
11-087862 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.020 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1995PTC087862 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEG04679D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG6292M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter Of Security Equipment Such as Safer and Locks,
CCTV, Alarm etc. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. John |
|
Designation : |
Director |
|
Contact No.: |
91-9322227967 |
|
Date : |
06.05.2015 |
LOCATIONS
|
Registered Office / Factory: |
Plot No. 24/25, Rajhans Industrial Complex, Chinchpada, Gokhvare,
Vasai (East), Mumbai-401208, Maharashtra |
|
Tel. No.: |
91-250-6554300 |
|
Mobile No.: |
91-9271910538 (Mr. William Anthony Tuscano) 91-9322227967 ( Mr. John Dmello) |
|
Fax No.: |
91-250-2451741 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
20000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Anthony Lawrence Tuscano |
|
Designation : |
Director |
|
Address : |
Daulat, Nadakhal, (Ghosali), P.O Agashi, Vasai, Thane- 401301, |
|
Date of Birth/Age : |
25.08.1937 |
|
Qualification : |
Diploma in Draughtsman |
|
Date of Appointment : |
28.04.1995 |
|
DIN No.: |
00831352 |
|
|
|
|
Name : |
Mr. William Anthony Tuscano |
|
Designation : |
Director |
|
Address : |
Daulat, Nadakhal, (Ghosali), P.O Agashi, Vasai, Thane- 401301, |
|
Date of Birth/Age : |
02.10.1963 |
|
Qualification : |
Diploma in Diploma in Production Engineering |
|
Date of Appointment : |
28.04.1995 |
|
DIN No.: |
00831359 |
|
|
|
|
Name : |
Mrs. Lata John Dmello |
|
Designation : |
Director |
|
Address : |
Vatar Agodi, P.O. Agashi, Vasai, Thane- 401301, |
|
Date of Birth/Age : |
20.04.1967 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
28.04.1995 |
|
DIN No.: |
01899803 |
|
|
|
|
Name : |
Mr. Domnic Baptist Dmello |
|
Designation : |
Director |
|
Address : |
Parishram, Dantalao, Vatar P.O. Agashi, Virar (W), Thane-401301, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1956 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
05326233 |
|
|
|
|
Name : |
Mr. John Baptista Demello |
|
Designation : |
Director |
|
Address : |
Sanjeevan, Agudi, Nr Vatar School, Virar West, Thane-401301, Maharashtra,India |
|
Date of Birth/Age : |
01.05.1958 |
|
Date of Appointment : |
01.09.12 |
|
DIN No.: |
05326353 |
|
|
|
|
Name : |
Mr. Joana William Tuscano |
|
Designation : |
Director |
|
Address : |
Daulat Nandakhal, Ghosali, Agashi, Thane-401301,Maharashtra,India |
|
Date of Birth/Age : |
06.10.1970 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
05326473 |
|
|
|
|
Name : |
Mr. Elias Manuel Dsouza |
|
Designation : |
Director |
|
Address : |
Bless Merbhat At Agashi, Post Agashi, Taluka Vasai,
Thane-401301,Maharashtra,India |
|
Date of Birth/Age : |
02.10.1959 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
05326480 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anthony Lawrence Tuscano |
|
276000 |
|
William Anthony Tuscano |
|
175000 |
|
Lata John Dmello |
|
50000 |
|
Usha Anthony Tuscano |
|
1000 |
|
Total |
|
502000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter Of Security Equipment Such as Safer and
Locks, CCTV, Alarm etc. |
|
|
|
|
Products : |
o
Standard Safes o
Depository Safes o
Specialy Designed Safes.
o
Record Room Doors o
Standard - ‘C’ Class - Doors o
Premium – ‘B’ Class – Doors o
Air Ventilators.
o
SDL 90 o
SDL 75 o
SDL 51 o
SDL 32 o
SDL 21 o
Any other non Std. SDLs.
o
FBR 2085/ SDL-56 o
FBR 2085/SDL-46 o
FBR 2085/SDL-36 o
FBR 1525/SDL-29
o
Fire Resisting Filing Cabinets o
Fire Protection Cabinets. o
Micro Data Cabinets. o
Computer Data Cabinets o
Fire Resisting Compactor
o
Filling Cabinets o
Compactors o Cash
Boxes. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
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Exports : |
|
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Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit |
|
|
|
|
Purchasing : |
Cheque and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Financial Institute
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No. of Employees : |
250 (Approximately) |
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Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. R. Padhya and Company Chartered Accountant |
|
Address : |
108, M.G Shopping Center, Opp. Virar Railway Station, Virar (West),
Thane-401303, Maharashtra, India |
|
Tel. No.: |
91-11-250-2502316 / 2587220
(Residential) |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACKPP1450F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
502000 |
Equity Shares |
Rs.10/- each |
Rs. 5.020
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.020 |
5.020 |
5.020 |
|
(b) Reserves & Surplus |
254.355 |
153.772 |
69.524 |
|
(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) |
259.375 |
158.792 |
74.544 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
16.660 |
17.121 |
24.271 |
|
(c) Other current liabilities |
13.139 |
16.468 |
6.352 |
|
(d) Short-term provisions |
124.173 |
71.903 |
29.359 |
|
Total
Current Liabilities (4) |
153.972 |
105.492 |
59.982 |
|
|
|
|
|
|
TOTAL |
413.347 |
264.284 |
134.526 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.194 |
50.586 |
22.368 |
|
(ii) Intangible Assets |
0.750 |
0.750 |
0.750 |
|
(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 |
136.321 |
43.581 |
16.570 |
|
(c) Deferred tax assets (net) |
0.417 |
0.427 |
0.340 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
191.682 |
95.344 |
40.028 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
21.573 |
20.023 |
14.488 |
|
(c) Trade receivables |
51.876 |
66.943 |
50.244 |
|
(d) Cash and cash equivalents |
26.763 |
17.469 |
6.406 |
|
(e) Short-term loans and
advances |
121.453 |
64.505 |
23.360 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
221.665 |
168.940 |
94.498 |
|
|
|
|
|
|
TOTAL |
413.347 |
264.284 |
134.526 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
581.293 |
|
0.000 |
|
|
Other Income |
|
|
282.997 |
|
|
TOTAL |
581.293 |
465.899 |
282.997 |
|
|
|
|
|
|
|
Less |
EXPENSES |
422.395 |
333.980 |
223.264 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
158.898 |
131.919 |
59.733 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.156 |
2.895 |
2.437 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
155.742 |
129.024 |
57.296 |
|
|
|
|
|
|
|
Less |
TAX |
52.829 |
41.878 |
19.082 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
102.913 |
87.146 |
38.214 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
205.01 |
NA |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
450.000 (Due to slow
down of banking sector) |
The above information has been parted by Mr. John
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
17.70 |
18.70 |
13.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
56.30 |
58.57 |
48.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.60 |
0.81 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.60 |
1.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
5.020 |
5.020 |
5.020 |
|
Reserves & Surplus |
69.524 |
153.772 |
254.355 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
74.544 |
158.792 |
259.375 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
282.997 |
465.899 |
581.293 |
|
|
|
64.630 |
24.768 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
282.997 |
465.899 |
581.293 |
|
Profit |
38.214 |
87.146 |
102.913 |
|
|
13.50% |
18.70% |
17.70% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
OPERATIONS:
Despite of volatile market condition and other economic factors the company's Gross Income has increased to Rs. 5812.925 Million as compared to Rs.465.898 Million in the previous year. Further, the company has earned a net profit of Rs.102.991 Million as against net profit of Rs.87.146 Million earned in the previous year.
The management through its sustained effort earned good income during the year under reference the management could achieve this income by taking calculated moves against the stiff competition and price reductions. The management is hopeful of improving the performance in the fourth coming years.
FIXED ASSETS
- Goodwill
- Machinery
- Furniture
- Electrical Motor
- Dies: Tools and Fixture
- Office Furniture
- Typewriter
- Vehicles
- Computer
- Telephone, Telex and Fax Machine
- Air Conditioner
- Water Cooler
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.63.62 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.