1. Summary Information
|
|
|
Country |
|
|
Company Name |
ANAND NVH PRODUCTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Bhupinder
Rattan Singh Anand |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gurmeet Singh
Anand |
|
|
|
Registration # |
55-031984 |
|
Street Address |
F-3/5, Vasant Vihar, |
||
|
Established Date |
07.06.1988 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Strut Mounts |
|
|
# of employees |
450 (approximately) |
Product Name 2 |
Transmission
Mounts |
|
Paid up capital |
Rs.
12,400,000/- |
Product Name 3 |
Conventional
Engine Mounts |
|
Shareholders |
Bodies corporate - 19.00% Directors or
relatives of Directors - 81.00% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
23 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/Subsidiaries: |
-- |
Anand Motor Products Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
184,882,000 |
Current Liabilities |
132,459,000 |
|
Inventories |
133,851,000 |
Long-term Liabilities |
137,185,000 |
|
Fixed Assets |
187,022,000 |
Other Liabilities |
12,183,000 |
|
Deferred Assets |
0 |
Total Liabilities |
281,827,000 |
|
Invest& other Assets |
11,995,000 |
Retained Earnings |
223,523,000 |
|
|
|
Net Worth |
235,923,000 |
|
Total Assets |
517,750,000 |
Total Liab. & Equity |
51,750,000 |
|
Total Assets (Previous Year) |
469,067,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
533,191,000 |
Net Profit |
32,345,0000 |
|
Sales(Previous yr) |
425,135,000 |
Net Profit(Prev.yr) |
(31639,000) |
MIRA
INFORM REPORT
|
Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANAND NVH PRODUCTS
PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
AMP MOULDING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
F-3/5, Vasant
Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
07.06.1988 |
|
|
|
|
Com. Reg. No.: |
55-031984 |
|
|
|
|
Paid Up Capital : |
Rs. 12.400
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1988PTC031984 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA12466G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAECA0297J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer and Exporter
of Rubber and Rubber to Metal Bonded Automotive Parts. |
|
|
|
|
No. of Employees : |
450
(approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 940000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. The company has successful in
wiping off losses of the previous year. Trade relations are fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can
be considered normal 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 – 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 : |
F-3/5, Vasant
Vihar, |
|
E - Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
39 KM Stone, N H –
8, Begumpur Khatola Industrial Area, Sector 35, Gurgaon - 122001, Haryana,
India |
|
Tel. No.: |
91-124-24030580
to 84 |
|
Fax No.: |
91-124-24030585/
24030586 |
|
E-Mail : |
|
|
|
|
|
|
‘Anbros House’,
25/31 East Patel Nagar, |
|
Tel. No.: |
91-11-41698397 |
|
E-Mail : |
DIRECTORS
As On 29.09.2010
|
Name : |
Mr. Bhupinder
Rattan Singh Anand |
|
Designation : |
Director |
|
Address : |
H-5/2, |
|
Date of Birth/Age : |
10.04.1943 |
|
Date of Appointment : |
06.01.1997 |
|
DIN No.: |
00025211 |
|
|
|
|
Name : |
Mr. Gurmeet Singh
Anand |
|
Designation : |
Director |
|
Address : |
H-5/2, |
|
Date of Birth/Age : |
01.10.1967 |
|
Date of Appointment : |
06.01.1997 |
|
Date of Ceasing : |
10.10.2008 |
|
|
|
|
Name : |
Mr. Kanwardeep
Bhupinder Singh Anand |
|
Designation : |
Director |
|
Address : |
H-5/2, |
|
Date of Birth/Age : |
04.08.1977 |
|
Date of Appointment : |
06.01.1997 |
|
DIN No.: |
00025235 |
|
|
|
|
Name : |
Mr. Savneet
Kanwardeep Singh Anand |
|
Designation : |
Director and
Secretary |
|
Address : |
H-5/2, |
|
Date of Birth/Age : |
27.12.1971 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00208319 |
|
|
|
|
Name : |
Mr. Inderjeet Bhupinder Singh Anand |
|
Designation : |
Director |
|
Address : |
H-5/2, |
|
Date of Birth/Age : |
22.08.1947 |
|
Date of Appointment : |
08.04.2005 |
|
Date of Ceasing : |
03.11.2008 |
|
DIN No.: |
00236639 |
|
|
|
|
Name : |
Mr. Rattan Singh Anand |
|
Designation : |
Director cum Company
Secretary |
|
Address : |
H 5/2, |
|
Date of Birth/Age : |
10.12.1922 |
|
Date of Appointment : |
01.07.2001 |
|
Date of Ceasing : |
06.03.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Bhupinder Singh
Anand |
|
50020 |
|
Inderjeet Singh
Anand |
|
5100 |
|
Kanwardeep Singh
Anand |
|
44680 |
|
Savneet Kaur
Anand |
|
200 |
|
Kromex
International Private Limited – |
|
24000 |
|
Total |
|
124000 |
As On 29.09.2010
|
Category |
Percentage |
|
Bodies corporate |
19.00 |
|
Directors or relatives of Directors |
81.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Rubber and Rubber to Metal Bonded Automotive Parts. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (As On 31.03.2010)
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
Automobile Components |
|
Pcs |
11200000 |
7658371 |
GENERAL INFORMATION
|
No. of Employees : |
450
(approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
* Term loan taken by the company during the year, from Indiabulls Financial
Services Limited is hypothecated against the personal property of the
director of the company ** Working Capital limits are secured by hypothecation of stock of raw
materials, store and spares, work in progress and finished goods meant for
export *** All vehicle loans are secured by hypothecation of the vehicles. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Auditors : |
|
||||||||||||||||||||||||||||||
|
Name : |
S P Nagrath and
Company Chartered
Accountants |
||||||||||||||||||||||||||||||
|
Address : |
A-380, Defense
Colony, |
||||||||||||||||||||||||||||||
|
Tel. No.: |
91-11-41552244 |
||||||||||||||||||||||||||||||
|
Fax No.: |
91-11-41552247 |
||||||||||||||||||||||||||||||
|
E-Mail : |
|||||||||||||||||||||||||||||||
|
Pan No.: |
AAAFS6635B |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Associates/Subsidiaries : |
·
Anand Motor Products Private Limited ·
Kromex International Private Limited ·
Anand Industrial Products Private Limited
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190000 |
Equity Shares |
Rs. 100/- each |
Rs. 19.000 millions |
|
|
|
|
|
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
124000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.400 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 |
12.400 |
12.400 |
12.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
223.523 |
191.178 |
222.817 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
235.923 |
203.578 |
235.217 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
136.779 |
155.182 |
170.845 |
|
|
2] Unsecured Loans |
0.406 |
11.065 |
0.559 |
|
|
TOTAL BORROWING |
137.185 |
166.247 |
171.404 |
|
|
DEFERRED TAX LIABILITIES |
12.183 |
10.988 |
9.605 |
|
|
|
|
|
|
|
|
TOTAL |
385.291 |
380.813 |
416.226 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
187.022 |
207.501 |
220.132 |
|
|
Capital work-in-progress |
11.995 |
0.000 |
1.857 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
133.851
|
112.695 |
170.176 |
|
|
Sundry Debtors |
50.111
|
61.561 |
31.150 |
|
|
Cash & Bank Balances |
31.278
|
3.432 |
12.380 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
103.493
|
83.878 |
82.973 |
|
Total
Current Assets |
318.733
|
261.566 |
296.679 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
116.254
|
65.823 |
74.701 |
|
|
Others Current Liabilities |
9.803
|
20.421 |
7.777 |
|
|
Provisions |
6.402
|
2.010 |
19.964 |
|
Total
Current Liabilities |
132.459
|
88.254 |
102.442 |
|
|
Net Current Assets |
186.274
|
173.312 |
194.239 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
385.291 |
380.813 |
416.226 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
533.191 |
425.135 |
475.208 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
443.298 |
408.254 |
370.532 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
89.893 |
16.881 |
104.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.565 |
24.481 |
24.137 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.328 |
(7.600) |
80.539 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.064 |
18.963 |
20.318 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
41.264 |
(26.563) |
60.221 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
8.919 |
5.076 |
8.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
32.345 |
(31.639) |
51.223 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
68.844 |
59.937 |
NA |
|
|
TOTAL IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
261 |
(255) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.07
|
(7.44) |
10.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.16
|
(5.66) |
11.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.13 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
1.25 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.41
|
2.96 |
2.90 |
LOCAL AGENCY FURTHER INFORMATION
Background
Subject
established manufacturing facilities at Gurgaon in 2002 for international markets. The Company primarily is a
manufacturer and exporter of Rubber to metal bonded automotive components and operates
as a 100% Export Oriented Unit (100% EOU).
Note:
The Registered office of the company has been shifted from 2686 Lashmere
Gate,
Operations:
The performance of
the company has improved as compared to last year. Gross turnover of the
Company has increased by 25.42%. Efforts
are being made towards better resource utilization, credit control policies and
improvement in the sales mix. Your Company is constantly innovating its approach
towards delivering customer satisfaction, increasing operational effectiveness
and putting in its best effort to keep abreast with the latest development in
the market.
FORM 8:-
|
Corporate
identity number of the company |
U74899DL1988PTC031984 |
|
Name of the
company |
ANAND NVH
PRODUCTS PRIVATE LIMITED-EIBK |
|
Address of the
registered office or of the principal place of business in |
F-3/5, Vasant
Vihar, |
|
This form is for |
Modification of
Charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank Limited – HDFC Bank House Senapati Bapat Marg, Lower Parel
W, Mumbai – 400013, E-Mail: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
29.04.2011 |
|
Amount secured by
the charge |
Rs. 291.376
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment
- On Demand. Margin - As may
be stipulated by the Bank from time to time. Extent and
Operation of the charge - The Company created an equitable mortgage by way of
deposit of title deeds in respect of its immovable properties as stated under
item No.15 as security for the due repayment of Rs.291.376 millions by the
Company, including principal amount of the Facility, interest, liquidated
damages, costs, charges and expenses etc. |
|
Short Particulars
of the property charged |
Immovable property
being Khasra No.14/9/2, 20/1, 20/2(P), 21/1/1(P), 21/1/2, No. B-G-5, Vill.
Begampur, Khatola, Dist. Gurgaon. |
|
Particulars of
the present modification |
The present
modification is for furnishing additional security of immovable property of
the Company situated at Gurgaon, in
addition to securities already furnished by the company at the time of
creation of the charge and, there is, therefore no change in amount of charge
which stands secured at Rs.291.376 millions in favour of the Bank. |
FIXED ASSETS:-
- Plant and machinery
- Lab instruments
- Weighting scale
- Generator
- Tools and dies
- Fire extinguisher
- Electric installation
- Fans
- Office equipments
- Air conditioner
- Computers
- Furniture and fixtures
- Vehicles
- Land and building
- Computer software
Website DETAILS:-
Company Profile
Subject
is a part of the largest non-tire rubber group in
For
sophisticated vibration, shock, motion or noise control challenges, Subject has
the expertise and experience to engineer the precise solution you need.
The
long term goal of Subject is to be one of the leading suppliers in the
automotive component industry catering to the requirements of vehicle
manufacturers and first tier component manufacturers in the world.
They
accomplish this by producing parts and systems that meet customer requirements
and price expectations. Every product is custom designed for performance,
quality and high-volume assembly and inspection.
They
are currently engaged in a contract to supply parts as OEM fitment to Mack
truck in
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.45.21 |
|
|
1 |
Rs.74.30 |
|
Euro |
1 |
Rs.64.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
49 |
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.