MIRA INFORM REPORT
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Report No. : |
323872 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GAURAV INDUSTRIES PRIVATE LIMITED |
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|
|
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Registered
Office : |
C-1/1212-1213, Phase-IV, Behind Gayatri Temple, G.I.D.C. Estate, Naroda,
Ahmedabad – 382 330, Gujarat |
|
Tel. No.: |
91-79-22820697 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
30.04.2007 |
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|
|
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Com. Reg. No.: |
04-050700 |
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|
|
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Capital Investment
/ Paid-up Capital : |
Rs. 10.417 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117GJ2007PTC050700 |
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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 of reactive dyes. |
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|
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|
No. of Employees
: |
30 (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 |
|
Maximum Credit Limit : |
USD 200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company and is engaged in providing complete range of sulfur dyes, direct dyes, vat dyes and sulfur dyes. Company is having satisfactory track record. Company doesn't limits is operation to local market, it export its finish products and imports its raw material for production. In financial year 2014, company has display above an average increase in it's sale's turnover of Rs. 930.000 Million and reported top line growth of 122.7%. The profitability stood at 1.88% which is backed by its debt to equity at 2.38 times. Rating take ease on its significant increase in sale's turnover and healthy financial position of the company. Trade relation are fair. Business is active. Payment are reported to be regular. In the view of healthy financial position, company can be considered for business dealing under 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 – 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 |
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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. Prashant Ramgopal Gupta |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9824038433 |
|
Date : |
22.05.2015 |
LOCATIONS
|
Registered Office/ Factory : |
C-1/1212-1213, Phase-IV, Behind Gayatri Temple, G.I.D.C. Estate,
Naroda, Ahmedabad – 382 330, Gujarat, India |
|
Tel. No.: |
91-79-22820697/ 22818345/ 22842297 |
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Mobile No.: |
91-9824038433 (Mr. Prashant Ramgopal Gupta) |
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Fax No.: |
91-79-22820514 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Prashant Ramgopal Gupta |
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Designation : |
Managing Director |
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Address : |
53, Sarthivibhag-3, Mem Nagar, Ahmedabad – 380 052, Gujarat, India |
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Date of Birth/Age : |
28.11.1975 |
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Date of Appointment : |
30.04.2007 |
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DIN No.: |
00398296 |
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Other Directorship:
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Name : |
Mr. Subhash Suganchand Agrawal |
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Designation : |
Director |
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Address : |
52, Khetan Tower, Camp Road, Shahibaug Road, Ahmedabad – 380 004,
Gujarat, India |
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Date of Birth/Age : |
30.03.1965 |
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Date of Appointment : |
30.04.2007 |
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DIN No.: |
01428107 |
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Other Directorship:
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Name : |
Mr. Ramgopal Gupta |
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Designation : |
Director |
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Address : |
53, Sarthivibhag-3, Mem Nagar, Ahmedabad – 380 052, Gujarat, India |
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Date of Birth/Age : |
09.04.1950 |
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Date of Appointment : |
30.04.2007 |
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DIN No.: |
00247169 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No.
of Shares |
|
Prashant Ramgopal Gupta |
|
227500 |
|
Bhasha Ramgopal Gupta |
|
227500 |
|
Ramgopal Ramsahay Gupta (HUF) |
|
227500 |
|
Subhash S. Agrawal |
|
91000 |
|
Viral Ramgopal Gupta |
|
45500 |
|
Budhiman Finstock Private Limited |
|
95500 |
|
Gaurav Enterprise Private Limited |
|
95500 |
|
Ram Gopal R Gupta |
|
100 |
|
Neha Viral Gupta |
|
100 |
|
Ankit S. Agrawal |
|
100 |
|
Natverlal Shankerlal Prajapati |
|
100 |
|
Prashant R. Agrawal |
|
100 |
|
Geetaben R. Gupta |
|
100 |
|
Anil R. Gupta |
|
100 |
|
Sonal P. Gupta |
|
100 |
|
Prakash R. Gupta |
|
100 |
|
Prashant R. Gupta (HUF) (Karta Prashant R. Gupta) |
|
100 |
|
Ramsahay M. Agrawal (HUF) (Karta Ramgopal R. Gupta) |
|
100 |
|
Raman Gupta (HUF) (Karta Raman J. Gupta) |
|
100 |
|
Kinjal S. Agrawal |
|
25 |
|
Rohan D. Agrawal |
|
25 |
|
Kalpnaben Agrawal |
|
25 |
|
Vimlaben Agrawal |
|
25 |
|
Subhash R. Gupta |
|
100 |
|
Yojana Doshi |
|
100 |
|
Manjari Prashant Gupta |
|
100 |
|
Vimla Mehta & Veerendra Raj Mehta |
|
18000 |
|
Veerendra Raj Mehta and Vimla Mehta |
|
12000 |
|
Subhash S Agarwal HUF |
|
100 |
|
Total |
|
1041700 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
18.32 |
|
Directors or relatives of Directors |
81.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of reactive dyes. |
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Products : |
Reactive dyes |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, Cheque and Credit (30 Days) |
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Purchasing : |
Cash, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
KPSJ and Associates Chartered Accountants |
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Address : |
504-C, Sahajanand Shopping Centre, Shahibaug Road, Ahmedabad – 380
004, Gujarat, India |
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Tel. No.: |
91-79-25621950/ 25631960/ 65221950/ 51/ 52/ 53/ 54 |
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E-Mail : |
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Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFK2924D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Maruti Multi Chem Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs. 10/- each |
Rs.15.000 Million |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1041700 |
Equity Shares |
Rs. 10/- each |
Rs.10.417 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 |
10.417 |
10.417 |
10.417 |
|
(b) Reserves & Surplus |
67.590 |
50.716 |
44.595 |
|
(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) |
78.007 |
61.133 |
55.012 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
139.971 |
80.292 |
82.325 |
|
(b) Deferred tax liabilities
(Net) |
0.257 |
0.193 |
0.147 |
|
(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) |
140.228 |
80.485 |
82.472 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
45.589 |
15.694 |
27.323 |
|
(b) Trade payables |
145.937 |
40.560 |
27.148 |
|
(c) Other current liabilities |
2.168 |
1.397 |
1.178 |
|
(d) Short-term provisions |
9.197 |
3.581 |
3.560 |
|
Total
Current Liabilities (4) |
202.891 |
61.232 |
59.209 |
|
|
|
|
|
|
TOTAL |
421.126 |
202.850 |
196.693 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.827 |
5.646 |
5.090 |
|
(ii) Intangible Assets |
0.247 |
0.465 |
0.682 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.010 |
|
Total
Non-Current Assets |
8.074 |
6.111 |
5.782 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
162.805 |
64.608 |
68.401 |
|
(c) Trade receivables |
172.939 |
91.346 |
85.365 |
|
(d) Cash and cash equivalents |
0.373 |
2.767 |
0.754 |
|
(e) Short-term loans and
advances |
76.935 |
38.018 |
36.391 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
413.052 |
196.739 |
190.911 |
|
|
|
|
|
|
TOTAL |
421.126 |
202.850 |
196.693 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Gross Sales |
931.417 |
418.257 |
384.95 |
|
|
Other Income |
1.116 |
1.236 |
0.807 |
|
|
TOTAL
|
932.533 |
419.493 |
385.757 |
|
|
|
|
|
|
|
|
EXPENSES |
906.405 |
409.721 |
376.216 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
26.128 |
9.772 |
9.541 |
|
|
|
|
|
|
|
|
TAX |
8.651 |
3.046 |
2.868 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.505 |
6.726 |
6.673 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.016 |
23.895 |
17.827 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Tax on Dividend |
0.609 |
0.605 |
0.605 |
|
|
Balance
Carried to the B/S |
46.890 |
30.016 |
23.895 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
16.80 |
6.46 |
6.41 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
750.000 |
Expected Sales (2015-2016) : Rs.750.000 Million
The above information has been parted by Mr. Prashant
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) |
(%) |
1.88 |
1.61 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.20 |
4.82 |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.16 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.38 |
1.57 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
3.21 |
3.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
10.417 |
10.417 |
10.417 |
|
Reserves & Surplus |
44.595 |
50.716 |
67.590 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
55.012 |
61.133 |
78.007 |
|
|
|
|
|
|
long-term borrowings |
82.325 |
80.292 |
139.971 |
|
Short term borrowings |
27.323 |
15.694 |
45.589 |
|
Total
borrowings |
109.648 |
95.986 |
185.560 |
|
Debt/Equity
ratio |
1.993 |
1.570 |
2.379 |
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) |
|
Gross Sales |
384.950 |
418.257 |
931.417 |
|
|
|
8.652 |
122.690 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Sales |
384.950 |
418.257 |
931.417 |
|
Profit |
6.673 |
6.726 |
17.505 |
|
|
1.73% |
1.61% |
1.88% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
Advances from Related Parties |
70.916 |
63.342 |
|
Loans and
Advances from Corporates |
69.055 |
16.950 |
|
Short-term
borrowings |
|
|
|
Loan repayable on demand |
45.589 |
15.694 |
|
Total |
185.560 |
95.986 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10077892 |
18/03/2008 * |
65,000,000.00 |
BANK OF BARODA |
NARODA INDUSTRIAL ESTATE, GIDC NARODA, AHMEDABAD, |
A37737616 |
* Date of charge modification
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fixture
·
Motor Car
·
Motor Car Fort
·
Computer
·
Air Conditioner
·
Xerox Machine
·
Office Equipments
·
Mobile Phone
·
Type Machine
·
Gas Connection
·
D. G. Set
·
Freeze
·
Weighing Scale
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.98.38 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
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 |
|
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.