1. Summary Information
|
|
|
Country |
|
|
Company Name |
RAMKUMAR MILLS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Y. N. Gangadhar Setty |
|
Status |
Moderate |
Principal Name 2 |
Mr. Y. G. Vijaykumar |
|
|
|
Registration # |
08-000450 |
|
Street Address |
6th Block, Rajajinagar, |
||
|
Established Date |
16.01.1947 |
SIC Code |
-- |
|
Telephone# |
91-80-23353996 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-80-23386873 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Fine Voiles |
|
|
# of employees |
Not Available |
Product Name 2 |
Cambrics |
|
Paid up capital |
Rs.20,904,000/- |
Product Name 3 |
Poplins |
|
Shareholders |
Directors or
relatives of Directors – 99% Other top fifty shareholders –
1% |
Banking |
Andhra Bank |
|
Public Limited Corp. |
NO |
Business Period |
64 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
110,011,000 |
Current Liabilities |
84,792,000 |
|
Inventories |
183,738,000 |
Long-term Liabilities |
519,733,000
|
|
Fixed Assets |
218,056,000 |
Other Liabilities |
16,577,000 |
|
Deferred Assets |
0 |
Total Liabilities |
621,102,000 |
|
Invest& other Assets |
236,774,000 |
Retained Earnings |
106,574,000 |
|
|
|
Net Worth |
127,477,000 |
|
Total Assets |
748,579,000 |
Total Liab. & Equity |
748,579,000 |
|
Total Assets (Previous Year) |
782,024,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
806,384,000 |
Net Profit / Loss |
(27,233,000) |
|
Sales(Previous yr) |
755,376,000 |
Net Profit
/ Loss (Prev.yr) |
(21,657,000) |
MIRA
INFORM REPORT
|
Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAMKUMAR MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6th Block, Rajajinagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
16.01.1947 |
|
|
|
|
Com. Reg. No.: |
08-000450 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.904 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111KA1947PTC000450 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR00175A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Dyed and Printed 100% Cotton Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 509000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. The company is
continuously incurring some losses from last two years. However, Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealing with same cautions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
6th Block, Rajajinagar, |
|
Tel. No.: |
91-80-23353996 / 23301686 / 23388801 / 23205796 (15Lines) |
|
Fax No.: |
91-80-23386873 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Y. N. Gangadhar Setty |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
No.45, Devi Vihar, 39th Cross 8th Block,
Jayanagar, |
|
Date of Birth/Age : |
12.12.1922 |
|
Date of Appointment : |
09.09.1961 |
|
DIN No.: |
00432522 |
|
|
|
|
Name : |
Mr. Y. G. Vijaykumar |
|
Designation : |
Managing Director |
|
Address : |
No 744, 13th Cross 7th Block, Jayanagar, |
|
Date of Birth/Age : |
29.07.1951 |
|
Date of Appointment : |
29.03.1999 |
|
DIN No.: |
00432886 |
|
|
|
|
Name : |
Mr. Y A Subramanyam |
|
Designation : |
Director |
|
Address : |
Brindavan No. 694, 12th Cross 7th Block,
Jayanagar, |
|
Date of Birth/Age : |
09.02.1952 |
|
Date of Appointment : |
29.03.1999 |
|
DIN No.: |
00385664 |
|
|
|
|
Name : |
Mr. Uttamchand D Bhandari |
|
Designation : |
Director |
|
Address : |
C/O, Devi Chand Misri Mal and company, Chickpet, |
|
Date of Birth/Age : |
06.05.1924 |
|
Date of Appointment : |
01.05.1985 |
|
DIN No.: |
00385819 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Equity
Shares @Rs.500/-each |
No. of
Redeemable Cumulative Preference Shares Rs. 100/-each |
|
S.Kamalamma (Deceased) |
12 |
-- |
|
Thanmal Manaji |
40 |
-- |
|
Yadalam Subbaiah Setty Charties |
200 |
-- |
|
Uttamchand D Bhandari |
75 |
-- |
|
Mangilal Misrimal Jain |
57 |
-- |
|
Inderchand |
12 |
-- |
|
Y.N. Gangadhar Setty |
120 |
656 |
|
Y.G. Ramkumar |
1229 |
7836 |
|
Y.R. Ashwin |
150 |
820 |
|
Y.G. Giridhar |
1279 |
8109 |
|
Y.G. Madhukar |
100 |
547 |
|
Y.G. Vijaykumar |
1379 |
8656 |
|
Y.G. Kashinath |
1379 |
8656 |
|
Lakshman G Yadalam |
1372 |
8607 |
|
Y.G. Subbiah Setty |
1372 |
8607 |
|
Y.A. Subramanyam |
2868 |
15567 |
|
Y.A. Shivkumar |
2900 |
15398 |
|
Y.A. Balachandra |
2897 |
15376 |
|
Y.R. Rajeshwari |
500 |
-- |
|
Y.V. Geetha |
500 |
-- |
|
Y.L. Vasanthi |
500 |
-- |
|
Y.K. Jyothi |
500 |
-- |
|
Y.S. Radhika |
500 |
-- |
|
Y.V. Uma |
500 |
-- |
|
Y.S. Jayasree |
523 |
-- |
|
Y.S. Anitha |
500 |
-- |
|
Y.S. Sumana |
500 |
-- |
|
Y.G. Ramkumar, Partner YSN.Properties and Investesments |
76 |
-- |
|
|
|
|
|
TOTAL |
22040 |
98835 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
099.00 |
|
Other top fifty shareholders |
001.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Dyed and Printed 100% Cotton Fabrics. |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. K. Ramadhyani and Company Chartered Accountant |
|
Address : |
4-B, Chitrapura Bhavan, 68, 8th Main 15th Cross,
Malleshwaram, |
|
PAN.: |
AABFB1153G |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.500/- each |
Rs.20.000 Millions |
|
100000 |
Tax free – 9% Redeemable cumulative Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22040 |
Equity Shares ** |
Rs. 500/- each |
Rs.11.020
Millions |
|
98835 |
Tax free – 9% Redeemable cumulative Preference Shares (Redeemable not
earlier than 25.03.2011 and not later than 25.03.2013) |
Rs.100/-
each |
Rs.9.883
Millions |
|
|
TOTAL |
|
Rs.20.903 Millions |
Note: Includes 11400 Equity shares of Rs 500/- each
issued as bonus shares by capitalization of a portion of General Reserve and
4408 shares issued on right basis in earlier years
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.903 |
20.903 |
20.903 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
106.574 |
133.807 |
156.505 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
5] Deferred Income |
7.762 |
8.798 |
0.729 |
|
|
NETWORTH |
135.239 |
163.508 |
178.137 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
420.578 |
429.331 |
296.088 |
|
|
2] Unsecured Loans |
99.154 |
88.923 |
91.861 |
|
|
TOTAL BORROWING |
519.732 |
518.254 |
387.949 |
|
|
DEFERRED TAX LIABILITIES |
8.815 |
21.994 |
31.732 |
|
|
|
|
|
|
|
|
TOTAL |
663.787 |
703.756 |
597.818 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
218.056 |
252.673 |
290.492 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
6.375 |
|
|
|
|
|
|
|
|
INVESTMENT |
236.774 |
228.024 |
138.086 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
183.738
|
167.859
|
126.994 |
|
|
Sundry Debtors |
55.400
|
62.734
|
46.350 |
|
|
Cash & Bank Balances |
10.055
|
46.167
|
30.531 |
|
|
Other Current Assets |
18.121
|
0.000
|
0.000 |
|
|
Loans & Advances |
26.435
|
24.567
|
17.520 |
|
Total
Current Assets |
293.749
|
301.327
|
221.395 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
74.428
|
63.570
|
45.563 |
|
|
Other Current Liabilities |
10.339
|
12.743
|
4.338 |
|
|
Provisions |
0.025
|
1.955
|
8.629 |
|
Total
Current Liabilities |
84.792
|
78.268
|
58.530 |
|
|
Net Current Assets |
208.957
|
223.059
|
162.865 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
663.787 |
703.756 |
597.818 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
806.384 |
759.670 |
863.100 |
|
|
|
Other Income |
3.345 |
|
9.841 |
|
|
|
TOTAL (A) |
809.729 |
759.670 |
872.941 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Expenditure |
0.000 |
790.197 |
791.256 |
|
|
|
Consumption of cloth, raw materials, stores and spares and other
purchases |
591.328 |
0.000 |
0.000 |
|
|
|
Operating Expenses |
185.161 |
0.000 |
0.000 |
|
|
|
Unclaimed credit balance / Provisions no longer required withdrawn |
(1.031) |
0.000 |
0.000 |
|
|
|
Prior period adjustment on account of Gratuity |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
775.458 |
790.197 |
791.256 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
34.271 |
(30.527) |
81.685 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.607 |
0.000 |
31.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.664 |
(30.527) |
50.263 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
43.050 |
0.000 |
39.222 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F) (G) |
(40.386) |
(30.527) |
11.041 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(13.153) |
8.869 |
9.204 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
(27.233) |
(21.658) |
1.837 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
58.053 |
|
79.955 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Equity Shares |
0.000 |
NA |
0.000 |
|
|
|
Preference Shares |
0.000 |
NA |
0.889 |
|
|
|
Tax on Dividend |
0.000 |
NA |
0.151 |
|
|
|
Transfer to General Reserve |
0.000 |
NA |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
30.820 |
NA |
80.752 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
41.315 |
51.035 |
92.339 |
|
|
TOTAL EARNINGS |
41.315 |
51.035 |
92.339 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
99.023 |
NA |
|
|
|
Stores & Spares |
0.000 |
4.516 |
NA |
|
|
|
Machinery and Stores and Spare parts |
3.909 |
(68.059) |
NA |
|
|
TOTAL IMPORTS |
3.909 |
35.525 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.236) |
(1.030) |
36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(3.38)
|
(2.85)
|
0.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.99)
|
-
|
1.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.89)
|
(5.510)
|
2.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.30)
|
(0.180)
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.47
|
3.64
|
2.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46
|
3.84
|
3.78 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The Company has achieved a Sales Turnover of Rs.802.800 Millions for the
year ended 31st March 2010 as against Rs.752.400 Millions during the
previous year, an increase of 6.70% over the previous year. During the year the
company incurred Operating Loss due to an unprecedented increase in the cost of
Grey Cloth coupled with increase in various input costs without parity in
realization of the products mainly attributed to the continuing recession in
the US and European markets.
The Slow down of the
FIXED ASSETS
- Lands
- Buildings
- Plant and
Machinery
- Furniture,
fixture and Office Equipments
- Motor
Vehicles
- Wind Turbine
Generator
- Borewell
FORM 8
|
Corporate
identity number of the company |
U17111KA1947PTC000450 |
|
Name of the
company |
RAMKUMAR MILLS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6th Block, Rajajinagar, |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
80055433 |
|
Type of charge |
Immovable
property Movable property |
|
Particular of
charge holder |
Andhra Bank, Email Id : sukshita@hotmail.com |
|
Date of
instrument Creating the charge |
02.08.2011 |
|
Amount secured by
the charge |
Rs.15.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As applicable Terms of
repayment As applicable Extent and
operation of the charge The charge
operates fully to the extent of Rs.15.00 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) Equitable
mortgage of land and Building situated at No.1 out of CITB site B, Municipal
No.59th C Cross, 4th M Block Industrial suburb south
zone, Rajajinagar, ii) Hypothecation
of all the present and future plant and machinery spares, tools and
accessories. iii)
Hypothecation of all the present and future stocks of raw materials. Semi
finished goods, Stock in trade, spares book debts, O/s, M/Receivable Interest
@3.5% p.a. over PLR with a minimum of 15.25% p.a. |
|
Particulars of
the present modification |
The charge amount
is reduced to Rs.15.000 Millions with the closure of Term Loan as per the No
Due Certificate. All other terms and conditions remain the same. |
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 records 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.45.37 |
|
|
1 |
Rs.74.56 |
|
Euro |
1 |
Rs.65.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.