MIRA INFORM REPORT
|
Report No. : |
349854 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PERFECT POLYMERS |
|
|
|
|
Registered
Office : |
608, Autumn Groove, Akurli Road, Lokhandwala Complex, Kandivali,
Mumbai - 400101, Maharashtra |
|
Tel. No.: |
91-22-40167184/ 29664399 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
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|
Date of
Establishment : |
22.01.2009 |
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Capital
Investment : |
Rs. 36.106 Million |
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|
|
|
IEC No.: |
0309001439 |
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|
|
TIN No.: |
27130721993 |
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PAN No.: [Permanent Account No.] |
AAKFP6770A |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Trader and Importer of Polymers, Chemicals and Nylon Yarns. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was set up in 2009 as a partnership firm by Mr. Suresh Kumar
Agarwal and Mr. Lalita Devi Agarwal. It has satisfactory track record. The concern possesses a decent profile marked by adequate networth
base, fair liquidity and profitability during FY2015. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The concern 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.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Partner |
|
Contact No.: |
91-9820065184 |
|
Date : |
13.11.2015 |
LOCATIONS
|
Registered Office : |
608, Autumn Groove, Akurli Road, Lokhandwala Complex, Kandivali,
Mumbai - 400101, Maharashtra, India |
|
Tel. No.: |
91-22-40167184/ 29664399 |
|
Mobile No.: |
91-9820065184 (Mr. Suresh Kumar Agarwal) |
|
Fax No.: |
91-22-29658401/ 29664399 |
|
E-Mail : |
|
|
Area : |
350 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Located at: · Bhiwandi |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Partner |
|
Address : |
1/C-1004,
Whispering Palms, Lokhandwala
Complex, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/ Age : |
53 Years |
|
Qualification : |
B.Com |
|
Experience : |
27 Years |
|
|
|
|
Name : |
Mrs. Lalita Devi Agarwal |
|
Designation : |
Partner |
|
Address : |
1/C-1004, Whispering Palms, Lokhandwala
Complex, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/ Age : |
49 Years |
|
Qualification : |
B.Com |
|
Experience : |
5 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Polymers, Chemicals and Nylon Yarns. |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
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|
Products : |
Finished Goods |
|
Countries : |
· Qatar · USA · Dubai · Saudi Arabia |
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|
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Terms : |
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
· B.N. Kedia and Company · Harihar Synthetics · Jalpa Enterprises · Mahavir Shipping Agency · Yash Enterprises
|
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Customers : |
·
Beena
Textiles ·
Ambaji
Textiles ·
Dalal
Textiles ·
Dipti
Enterprises ·
Hari
Textiles ·
Matangi
Textiles ·
Nirmala
Textiles ·
Shree
Balaji Textiles ·
Thakor Textiles · Bhinge Brothers
|
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B.N. Kedia and Company Chartered Accountants |
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|
Address : |
507, Swapna Siddhi, Akurli Road, Near Raliway Station, Kandivali
(East), Mumbai – 400101, Maharashtra, India |
||||||
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Tel. No.: |
91-22-28464411/ 28854411 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Pratik Plastics
Industries Factory Address: S.No.644, Gala No.3, Agarwal Industrial Estate,
Somnath, Dabhel, Daman – 396 215, Daman and Diu, India Area: 3000 sq. ft. Location: Owned Line of Business: Manufacturing and Recycling of Polymers. Mobile No.: 91-9898876860 (Mr. Yuvraj) No. of Employees: 30 (Approximately) PRODUCTION STATUS:
|
CAPITAL STRUCTURE
CAPITAL
ACCOUNT FOR THE YEAR ENDED 31.03.2015
MR.
SURESH KUMAR AGRAWAL
|
Particulars |
Amount in Million |
Particulars |
Amount in Million |
|
LIC Premium
|
0.360 |
Opening
Balance |
24.852 |
|
PPF |
0.010 |
|
|
|
HSBC Canara Insurance |
0.100 |
Partners Share of Profit from Business |
3.399 |
|
Max Life Insurance |
0.264 |
TDS (Paid through SKA) |
0.095 |
|
Rajesh Life Style |
1.082 |
Service Tax (Paid through SKA) |
0.074 |
|
Bhiwandi Property (Purchase) |
0.042 |
Yes Bank (Net) |
20.990 |
|
Bengal Ambuja (Property) |
1.000 |
|
|
|
Kalpvriksha (OBC) |
0.100 |
|
|
|
ICICI Prudential Insurance |
0.500 |
|
|
|
Medicliam |
0.021 |
|
|
|
OBC Bank (Net) |
24.525 |
|
|
|
SA Tax paid A.Y. 2013-14 |
0.032 |
|
|
|
|
|
||
|
Balance C/f |
21.374 |
|
|
|
|
|
|
|
|
Total |
49.410 |
Total |
49.410 |
CAPITAL ACCOUNT FOR
THE YEAR ENDED ON 31.03.2015
MRS. LALITA DEVI AGARWAL
|
Particulars |
Amount in Million |
Particulars |
Amount in Million |
|
OBC Bank (Net) |
1.583 |
Opening
Balance |
9.349 |
|
LIC Insurance |
0.039 |
|
|
|
PPF |
0.050 |
Partners’ Share of Profit from Business |
3.399 |
|
Rekha S Shah (Loan Payment) |
0.700 |
Yes Bank |
4.820 |
|
Octacrest Flat (EMI) |
0.432 |
|
|
|
SA Tax Paid (A.Y. 2013-14) |
0.032 |
|
|
|
|
|
||
|
Balance C/f |
14.732 |
||
|
|
|
|
|
|
Total |
17.568 |
Total |
17.568 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Expected Sales (2015-2016) : Rs.1050.000 Million
The above information has been parted by Mr. Suresh Kumar Agarwal
[Partner]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
36.106 |
34.201 |
16.218 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.106 |
34.201 |
16.218 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
23.095 |
17.258 |
7.575 |
|
|
2] Unsecured Loans |
14.484 |
24.262 |
28.746 |
|
|
TOTAL BORROWING |
37.579 |
41.520 |
36.321 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.685 |
75.721 |
52.539 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.159 |
0.084 |
0.069 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.440
|
5.871 |
8.024 |
|
|
Sundry Debtors |
72.963
|
60.229 |
62.057 |
|
|
Cash & Bank Balances |
31.426
|
41.683 |
15.091 |
|
|
Other Current Assets |
0.000
|
17.855 |
19.544 |
|
|
Loans & Advances |
32.535
|
7.065 |
6.198 |
|
Total
Current Assets |
155.364
|
132.703 |
110.914 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
76.552
|
53.569 |
51.194 |
|
|
Other Current Liabilities |
2.286
|
2.229 |
6.050 |
|
|
Provisions |
3.000
|
1.268 |
1.200 |
|
Total
Current Liabilities |
81.838
|
57.066 |
58.444 |
|
|
Net Current Assets |
73.526
|
75.637 |
52.470 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.685 |
75.721 |
52.539 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
640.359 |
700.716 |
495.308 |
|
|
|
Other Income |
3.289 |
4.337 |
1.113 |
|
|
|
TOTAL |
643.648 |
705.053 |
496.421 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of Goods Sold |
497.517 |
544.528 |
404.866 |
|
|
|
Anti-Dumping
Duty Charges |
0.000 |
95.784 |
1.105 |
|
|
|
Clearing
& Forwarding Charges |
12.092 |
11.912 |
9.411 |
|
|
|
Custom
Duty |
33.901 |
0.000 |
65.705 |
|
|
|
DEPB
Licence |
74.911 |
21.154 |
0.000 |
|
|
|
Transportation
Charges |
3.662 |
3.378 |
2.372 |
|
|
|
Warehouse
Charges |
0.295 |
0.178 |
0.134 |
|
|
|
Vehicle
expenses |
0.000 |
0.113 |
0.052 |
|
|
|
Audit
Fees |
0.046 |
0.040 |
0.039 |
|
|
|
Sales
Promotion Expenses |
0.317 |
0.029 |
0.030 |
|
|
|
Consultation
Charges |
0.000 |
0.010 |
0.090 |
|
|
|
Salary
& Wages |
1.037 |
1.335 |
0.794 |
|
|
|
Interest
and Bank charges |
5.860 |
5.070 |
3.867 |
|
|
|
Conveyance
& Travelling |
0.391 |
0.170 |
0.337 |
|
|
|
Commission
Charges |
1.700 |
1.759 |
0.586 |
|
|
|
Professional
charges |
0.080 |
0.104 |
0.076 |
|
|
|
General
Expenses |
0.725 |
1.005 |
0.774 |
|
|
|
Printing
and Stationery |
0.000 |
0.073 |
0.073 |
|
|
|
Staff
welfare expenses |
0.132 |
0.020 |
0.010 |
|
|
|
Currency
Fluctuation Gain/ Loss |
0.505 |
12.141 |
0.000 |
|
|
|
Professional
Tax |
0.000 |
0.119 |
0.000 |
|
|
|
Quality
Claim Expenses |
0.471 |
0.000 |
0.000 |
|
|
|
Telephone
Expenses |
0.151 |
0.000 |
0.000 |
|
|
|
Interest on Partners
Capital |
|
|
|
|
|
|
Suresh
K. Agarwal |
0.000 |
1.423 |
0.617 |
|
|
|
Lalita
Devi Agarwal |
0.000 |
0.504 |
0.188 |
|
|
|
TOTAL |
633.793 |
700.849 |
491.126 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.855 |
4.204 |
5.295 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.057 |
0.026 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.798 |
4.178 |
5.277 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.000 |
1.268 |
1.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.798 |
2.910 |
4.093 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.06
|
0.42 |
0.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.30
|
3.15 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.12 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.04
|
1.21 |
2.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90
|
2.33 |
1.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Partners Capital |
16.218 |
34.201 |
36.106 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
16.218 |
34.201 |
36.106 |
|
|
|
|
|
|
Secured Loans |
7.575 |
17.258 |
23.095 |
|
Unsecured Loans |
28.746 |
24.262 |
14.484 |
|
Total
borrowings |
36.321 |
41.520 |
37.579 |
|
Debt/Equity ratio |
2.240 |
1.214 |
1.041 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
495.308 |
700.716 |
640.359 |
|
|
|
41.471 |
-8.614 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
495.308 |
700.716 |
640.359 |
|
Profit |
4.093 |
2.910 |
6.798 |
|
|
0.83% |
0.42% |
1.06% |
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 three 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 |
No |
|
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 LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
|
Adarsh Agarwal |
0.250 |
|
Exxon Distributors Private Limited |
1.000 |
|
Hansraj Agarwal and Sons |
0.650 |
|
Hemlata Agarwal |
0.280 |
|
Madhu P. Chawla |
0.500 |
|
Manju Jalan |
0.500 |
|
Mayadevi Jhunjhunwala |
0.750 |
|
Modwear Exports Private Limited |
0.330 |
|
Om Prakash Banwarilal Jhunjhunwala |
0.750 |
|
Palak Agarwal |
1.451 |
|
Parinita Agarwal |
0.387 |
|
Popatlal H. Chawla |
0.500 |
|
Rajesh N. Shah |
0.500 |
|
Rohan Distributors |
1.100 |
|
Santosh Jalan |
0.500 |
|
Shyam Sunddar Jalan and Sons |
0.300 |
|
Sudesh Lata Banka-Loan |
1.129 |
|
Sulochana Ramawatar Sarawgi |
1.400 |
|
Sunit Shivshankar Banka |
0.950 |
|
Suresh Agarwal HUF |
1.257 |
|
|
|
|
Total |
14.484 |
FIXED ASSETS
· Computers
· Office Equipments
· Furniture and Fixture
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 records 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. 66.14 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.