MIRA INFORM REPORT
|
Report No. : |
348092 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PUSHPSONS FIBROL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-40,
Okhla Industrial Area, Phase
-I, New Delhi - 110020 |
|
Tel. No.: |
91-11-41610121/26818631-32 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.11.1985 |
|
|
|
|
Com. Reg. No.: |
55-022534 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1985PTC022534 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of specialty chemicals including Spin Finish
OILS, Concrete Admixtures, Plastic Additives and Surfactants for Agriculture. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 470000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1985, having good record.
Takemoto Oil and Fat Company Limited holds 46.53% and 50% by Panipat Weaving
and Processing Private Limited in subject company. For the year 2014, the company has achieved decent sales turnover
marked by satisfactory profitability margin. Operational performance has
improved as compared to previous year. The company possesses healthy financial risk profile marked by debt
free capital structure and good liquidity positions. Trade relations reported as fair. Business is active. Payments terms
are regular and as per commitment. The company can be considered 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 – 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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Pankaj Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9810073770 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered Office : |
B-40,
Okhla Industrial Area, Phase
-I, New Delhi - 110020, India |
|
Tel. No.: |
91-11-41610121/26818631-32 |
|
Mobile No.: |
91-9810073770 (Mr. Pankaj Jain) |
|
Fax No.: |
91-11-26814918 |
|
E-Mail : |
info@pushpsons.com |
|
Website: |
http://www.pushpsons.com |
|
|
|
|
Manufacturing and Testing Facility: |
Located at:
|
DIRECTORS
As on 08.09.2014
|
Name : |
Mr. Dinesh Jain |
|
Designation : |
Managing Director |
|
Address : |
E-16, Lane W4, Sainik Farms, Delhi - 110062, India |
|
Date of Birth/Age : |
24.03.1966 |
|
Date of Appointment : |
15.11.1985 |
|
DIN No.: |
00001912 |
|
|
|
|
Name : |
Mr. Tetsuo Tomita |
|
Designation : |
Director |
|
Address : |
Kitayodojiri, 19-52 Kathahara Cho, Gamagori City, 999999, Japan |
|
Date of Birth/Age : |
14.10.1959 |
|
Date of Appointment : |
04.03.2004 |
|
DIN No.: |
01341566 |
|
|
|
|
Name : |
Mr. Pankaj Jain |
|
Designation : |
Director |
|
Address : |
E-16, Lane W4, Sainik Farms, Delhi, 110062, India |
|
Date of Birth/Age : |
30.06.1962 |
|
Date of Appointment : |
15.11.1985 |
|
DIN No.: |
00001923 |
|
|
|
|
Name : |
Mr. Hideto Uchida |
|
Designation : |
Director |
|
Address : |
101-5, Gounaka Makimidouchou, Okazaki City Aichi Pref, 4438611, Japan |
|
Date of Birth/Age : |
19.09.1952 |
|
Date of Appointment : |
14.02.2001 |
|
DIN No.: |
02316105 |
|
|
|
|
Name : |
Mr. Masazumi Konishi |
|
Designation : |
Alternate Director |
|
Address : |
D-1/45, Ground Floor and Basement, Vasant Vihar, New Delhi - 110057, India |
|
Date of Appointment : |
21.08.2013 |
|
DIN No.: |
06418894 |
|
|
|
|
Name : |
Mr. Gaurav Shyam |
|
Designation : |
Director |
|
Address : |
E-16, Lane W-4, Country Club Road, Sainik Farm, New Delhi, 110062, Delhi, India |
|
Date of Birth/Age : |
12.12.1980 |
|
Date of Appointment : |
30.06.2014 |
|
DIN No.: |
06870285 |
|
|
|
|
Name : |
Mr. Hisao Yamamoto |
|
Designation : |
Additional Director |
|
Address : |
601, Purelife Chuoh Honmachi, 29-7 Chuoh Honmachi, Gamagori, Aichi, 4430057, Japan |
|
Date of Appointment : |
15.12.2014 |
|
DIN No.: |
07025404 |
|
|
|
|
Name : |
Mr. Masanori Suzuki |
|
Designation : |
Alternate Director |
|
Address : |
20-12 Takemoto Yushi Shataku # 13, Matsubara-Cho, Gamagori City Aichi Prefecture, 4430033, Japan |
|
Date of Birth/Age : |
07.01.1974 |
|
Date of Appointment : |
15.12.2014 |
|
DIN No.: |
02347243 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Takemoto Oil and Fat Company Limited, Japan |
837500 |
46.53 |
|
Sojits Corporation, Tokyo |
62500 |
3.47 |
|
Panipat Weaving and Processing Private Limited, India |
900000 |
50.00 |
|
|
|
|
|
Total |
1800000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 08.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of specialty chemicals including Spin Finish
Oils, Concrete Admixtures, Plastic Additives and Surfactants for Agriculture. |
|
|
|
|
Products : |
|
|
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Auditors : |
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|
Name : |
Rakesh Verma and Associates Chartered Accountants |
|
Address : |
G-53, Sarita Vihar, New Delhi - 110076, India |
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Tel. No.: |
91-11-26940260 |
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Mobile No.: |
91-9810088187 |
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E-Mail : |
rakesh@rverma.in ca.verma.rakesh@gmail.com |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFR3798P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Parties (Where Control Exists) : |
|
CAPITAL STRUCTURE
As on 08.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs. 18.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs. 18.000
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 |
18.000 |
18.000 |
18.000 |
|
(b) Reserves & Surplus |
145.549 |
122.460 |
109.116 |
|
(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) |
163.549 |
140.460 |
127.116 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
8.509 |
7.865 |
7.207 |
|
(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) |
8.509 |
7.865 |
7.207 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
71.938 |
41.498 |
24.441 |
|
(c) Other
current liabilities |
4.650 |
4.146 |
3.403 |
|
(d) Short-term
provisions |
2.926 |
2.054 |
1.073 |
|
Total Current
Liabilities (4) |
79.514 |
47.698 |
28.917 |
|
|
|
|
|
|
TOTAL |
251.572 |
196.023 |
163.240 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
73.961 |
77.017 |
59.053 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.088 |
0.088 |
0.088 |
|
(e) Other
Non-current assets |
|
|
|
|
Total Non-Current
Assets |
74.049 |
77.105 |
59.141 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
61.208 |
38.450 |
26.905 |
|
(c) Trade
receivables |
66.761 |
46.287 |
34.871 |
|
(d) Cash
and cash equivalents |
45.996 |
28.270 |
38.537 |
|
(e)
Short-term loans and advances |
3.558 |
5.911 |
3.786 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
177.523 |
118.918 |
104.099 |
|
|
|
|
|
|
TOTAL |
251.572 |
196.023 |
163.240 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
419.153 |
276.828 |
209.851 |
|
|
Other Income |
3.546 |
2.953 |
5.407 |
|
|
TOTAL
|
422.699 |
279.781 |
215.258 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
383.413 |
256.054 |
194.965 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.286 |
23.727 |
20.293 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.805 |
3.823 |
3.093 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
34.481 |
19.904 |
17.200 |
|
|
|
|
|
|
|
Less |
TAX |
11.392 |
6.560 |
5.273 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.089 |
13.344 |
11.927 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
9.039 |
13.022 |
2.999 |
|
|
TOTAL
EARNINGS |
9.039 |
13.022 |
2.999 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.82 |
7.41 |
6.62 |
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 |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.51 |
4.82 |
5.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.71 |
10.15 |
10.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23 |
2.49 |
3.60 |
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 |
18.000 |
18.000 |
18.000 |
|
Reserves & Surplus |
109.116 |
122.460 |
145.549 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
127.116 |
140.460 |
163.549 |
|
|
|
|
|
|
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) |
|
Sales |
209.851 |
276.828 |
419.153 |
|
|
|
31.916 |
51.413 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
209.851 |
276.828 |
419.153 |
|
Profit |
11.927 |
13.344 |
23.089 |
|
|
5.68% |
4.82% |
5.51% |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
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% |
-- |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS / PERFORMANCE
OF THE COMPANY:
The sale during the year was Rs.419.153 Million as compared to Rs. 276.827 Million during the ' previous year an increases of 51.41%. During the year company's exports amounting to Rs 9.597 Million as compared to Rs. 13.211 Million in previous year. Production during the year was 3,378,191 Kgs. as compared to 2,361,430 Kgs. during the previous year'
INDEX OF
CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10422349 |
26/04/2013 * |
8,000,000.00 |
INDIAN OVERSEAS
BANK |
14-15, FARM
BHAWAN, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B74720046 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and Machinery
- Vehicle
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.65.47 |
|
|
1 |
Rs.10.06 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--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.