1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Anandamela
Electronics Private Limited |
Principal Name 1 |
Mr. Tushar Kanti Ghosh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Papiya Ghosh |
|
|
|
Registration # |
21-108861 |
|
Street Address |
1st Floor, 2, Bidhan Road, Opposite Kanchanjungha Stadium
(Focin Gate), Siliguri – 734001, West Bengal, India |
||
|
Established Date |
04.04.2006 |
SIC Code |
-- |
|
Telephone# |
91-353-2430544/ 2432308 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-353-2522997 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Electrical and Electronics Goods |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 5,891,110/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100.00% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
5 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
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 |
39,095,000 |
Current Liabilities |
2,983,000 |
|
Inventories |
19,990,000 |
Long-term Liabilities |
46,751,000 |
|
Fixed Assets |
1,603,000 |
Other Liabilities |
978,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
50,712,000 |
|
Invest& other Assets |
6,978,000 |
Retained Earnings |
3,514,000 |
|
|
|
Net Worth |
16,954,000 |
|
Total Assets |
67,666,000 |
Total Liab. & Equity |
67,666,000 |
|
Total Assets (Previous Year) |
53,397,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
358,722,000 |
Net Profit |
2,139,000 |
|
Sales(Previous yr) |
211,910,000 |
Net Profit(Prev.yr) |
670,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANANDAMELA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, 2, Bidhan Road, Opposite Kanchanjungha Stadium (Focin
Gate), Siliguri – 734001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
04.04.2006 |
|
|
|
|
Com. Reg. No.: |
21-108861 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB2006PTC108861 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALA09106G |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturers and Exporter of Electrical and Electronics Goods. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 68000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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 : |
1st Floor, 2, Bidhan Road, Opposite Kanchanjungha Stadium
(Focin Gate), Siliguri – 734001, West Bengal, India |
|
Tel. No.: |
91-353-2430544/ 2432308 |
|
Fax No.: |
91-353-2522997 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Tushar Kanti Ghosh |
|
Designation : |
Director |
|
Address : |
“Anandamela”, |
|
Date of Birth/Age : |
01.06.1963 |
|
Date of Appointment : |
25.05.2007 |
|
|
|
|
Name : |
Mr. Papiya Ghosh |
|
Designation : |
Director |
|
Address : |
“Anandamela”, 428/1/459, Girish Ghosh Sarani, Siliguri, District –
Darjeeling – 734001, West Bengal, India |
|
Date of Birth/Age : |
04.01.1968 |
|
Date of Appointment : |
10.04.2006 |
|
|
|
|
Name : |
Mrs. Shefaly Ghosh |
|
Designation : |
Director |
|
Address : |
“Anandamela”, 428/1/459, Girish Ghosh Sarani, Siliguri – 734 001,
District – |
|
Date of Birth/Age : |
01.01.1932 |
|
Date of Appointment : |
10.04.2006 |
|
|
|
|
Name : |
Mr. Hirendra Mitra |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
08.03.1935 |
|
Date of Appointment : |
10.04.2006 |
|
|
|
|
Name : |
Mr. Shukla Dey |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
15.12.1954 |
|
Date of Appointment : |
10.04.2006 |
|
|
|
|
Name : |
Mr. Soma Dey |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
06.11.1976 |
|
Date of Appointment : |
10.04.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Tushar Kanti Ghosh |
|
133822 |
|
Hirendranath Mitra |
|
150116 |
|
Parthasarathi Mitra |
|
61743 |
|
Shukla Dey |
|
134861 |
|
Soma Dey |
|
51446 |
|
Shanta Paul |
|
57123 |
|
|
|
|
|
Total |
|
589111 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of Electrical and Electronics Goods. |
GENERAL INFORMATION
|
Suppliers : (As on 31.03.2009) |
·
Icon Express Service ·
LG Electronics ·
LG Electronics ·
LG Electronics ·
Samsung ·
Topsel Toyata (Private) Limited ·
Shree Ganeshji Maharaj ·
Himalayan Industries |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : (As on 31.03.2009) |
·
Ambics Enterprise ·
C T Electronics ·
Das Vision ·
Hotel Elora ·
Light Hopse ·
Dutta TV Centre ·
Dilip Electronics ·
Doordarshan (Siliguri) ·
Radio Mart ·
Saha and Company ·
Steel Craft ·
A.M. Electronics ·
City Marketing
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India SME Branch, 5th Floor, Sky Star Building, Sevoke Road,
Siliguri – 734001, West Bengal, India ·
Axis Bank Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.K. Banerjee and Company Chartered Accountants |
|
Address : |
Everest Motor Company Compound, Near Pani Tanki More, |
|
|
|
|
Associates/Subsidiaries : |
·
Binsons Plantations Private Limited CIN No.: U01132WB1997PTC085936 ·
Gouri Tea Private Limited (As on 31.03.2009) CIN No.: U01132WB1991PTC050880 |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1294111 |
Equity Shares |
Rs.10/- each |
Rs.12.941
millions |
|
|
|
|
|
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
589111 |
Equity Shares |
Rs.10/- each |
Rs.5.891 millions
|
|
|
|
|
|
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 |
5.891 |
5.891 |
5.891 |
|
|
2] Share Application Money |
7.549 |
4.498 |
0.499 |
|
|
3] Reserves & Surplus |
3.514 |
1.375 |
0.706 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.954 |
11.764 |
7.096 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.929 |
26.235 |
31.134 |
|
|
2] Unsecured Loans |
10.822 |
10.454 |
12.552 |
|
|
TOTAL BORROWING |
46.751 |
36.689 |
43.686 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.705 |
48.453 |
50.782 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.603 |
1.893 |
1.136 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.978 |
6.977 |
4.623 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.990
|
14.228
|
16.886 |
|
|
Sundry Debtors |
17.091
|
12.020
|
16.989 |
|
|
Cash & Bank Balances |
8.817
|
13.434
|
10.206 |
|
|
Other Current Assets |
0.203
|
0.203
|
0.103 |
|
|
Loans & Advances |
12.984
|
4.642
|
1.855 |
|
Total
Current Assets |
59.085
|
44.527 |
46.039 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.535
|
3.558
|
0.100 |
|
|
Other Current Liabilities |
1.448
|
0.264
|
0.221 |
|
|
Provisions |
0.978
|
1.122
|
0.695 |
|
Total
Current Liabilities |
3.961
|
4.944
|
1.016 |
|
|
Net Current Assets |
55.124
|
39.583
|
45.023 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.705 |
48.453 |
50.782 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
358.722 |
211.910 |
189.985 |
|
|
|
Other Income |
0.025 |
3.433 |
3.937 |
|
|
|
TOTAL (A) |
358.747 |
215.343 |
193.922 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
338.251 |
200.691 |
179.936 |
|
|
|
Payment to Staff |
1.338 |
0.000 |
0.762 |
|
|
|
Rent and Taxes |
0.681 |
0.401 |
0.447 |
|
|
|
Advertisement and Publicity |
0.108 |
0.255 |
0.281 |
|
|
|
Director’s Remuneration |
2.652 |
2.208 |
2.208 |
|
|
|
Repairs and Maintenance |
0.180 |
0.149 |
0.147 |
|
|
|
Other Expenditure |
6.088 |
4.112 |
4.463 |
|
|
|
TOTAL (B) |
349.298 |
207.816 |
188.244 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.449 |
7.527 |
5.678 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.995 |
6.070 |
4.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.454 |
1.457 |
1.087 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.290 |
0.361 |
0.209 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.164 |
1.096 |
0.878 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.025 |
0.426 |
0.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.139 |
0.670 |
0.524 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.71 |
1.28 |
1.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.60
|
0.31
|
0.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.88
|
0.52
|
0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.21
|
2.36
|
1.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.09
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.99
|
3.54
|
6.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
14.92
|
9.01
|
45.31 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80036065 |
|
Corporate identity
number of the company |
U32109WB2006PTC108861 |
|
Name of the
company |
ANANDAMELA ELECTRONICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2, |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
State Bank of SME Branch, 5th Floor, Sky Star Building, Sevoke Road, Siliguri –
734001, West Bengal, India E-Mail: cs.somenath@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum For
Recording Creation of Mortgage by Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
12.10.2010 |
|
Amount secured by
the charge |
Rs.53.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Term Loan - 2.75%
above SBAR. Minimum 14.50% p.a. at monthly rests. Working Capital-
2.00% above SBAR. Minimum 13.75% p.a. at monthly rests. SLC- Effective
rate - 14.75% p.a. Terms of
Repayment: Term Loan - In 28
qrtrly. installments as follows - Dec 2010 - Mar 2013 - 10 of Rs.0.400
Million each; June 2013 - Sept 2015 - 12 of Rs.0.450 Million each; Dec 2015 -
Sept 2016 - 4 of Rs. 0.437 Million each; Dec 2016 - Mar 2017 - 2 of Rs.0.425
Million each. Working Capital -
repayable on demand. Margin: Term Loan - 40%
of Building. Working Capital -
Indigenous Raw materials, Semi-finished goods, Finished goods - 25%; Domestic
Receivables - 35%. Extent and
Operation of the charge: The entire limit
of Rs.53.500 Millions is now further secured by first charge by Creation of
Mortgage over the immovable property of the Company being - 3,200 sq. ft. at
Sevoke Road, P.S. and Mouza - Siliguri under Khatian No. 5298, J.L. No.
110(88), Touzi - 3(ja), Pargana Baikunthapur, Dist. Darjeeling, W.B |
|
Short particulars
of the property charged |
3,200 sq. ft.
Show Room (Ground Floor) with common area and undivided share in 20 kathas,
10 chataks and 31.85 sq. ft. of land vide Deed No. I-2010 at Sevoke Road,
P.S. and Mouza - Siliguri under
Khatian no. 5298 and part of Plot No. 9607, Holding No. 591/374/1 of Ward
no.13 of Siliguri Municipal Corporation, J.L. No. 110 (88), Touzi – 3 (ja),
Pargana Baikunthapur, Dist. Darjeeling, West Bengal |
|
Date of latest modification
prior to the present modification |
Vide this
modification the entire limit of Rs.535.00 Millions is now further secured by
first charge by Creation of Mortgage over the immovable property of the
Company being - 3,200 sq. ft. at Sevoke Road, P.S. and Mouza - Siliguri under
Khatian no. 5298, J.L. No. 110(88), Touzi – 3 (ja), Pargana Baikunthapur,
Dist. Darjeeling, West Bengal |
FIXED ASSETS:
·
Air Conditioner
·
Computer
·
EPBAX System
·
Fax Machine
·
Furniture and Fixtures
·
Generator
·
Inverter
·
Mobile Instruments
·
Vehicles
·
Storewell
·
Electric Installation
·
Showroom
·
Refrigerator
·
Vending Machine
·
Typewriter
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.44.34 |
|
|
1 |
Rs.73.70 |
|
Euro |
1 |
Rs.65.75 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.