MIRA
INFORM REPORT
|
Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZEBRA PACK PRIVATE LIMITED (w.e.f. 15.05.2007) |
|
|
|
|
Formerly Known
As : |
RASIKA SUPPLIERS PRIVATE LIMITED |
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Registered
Office : |
31/C, Jhowtala Road, Kolkata-700017, West Bengal |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
10.03.2004 |
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Com. Reg. No.: |
21-098052 |
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Capital Investment
/ Paid-up Capital : |
Rs. 3.107 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2004PTC098052 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALZ00298E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR6844G |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of Flexible Polythene Film and Printed Polybag, Pouch etc.
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
31/C, Jhowtala Road, Kolkata-700017, West Bengal, India |
|
Tel. No.: |
91-33-22352782 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
PPF-13, Poly Park, Sankrail, Kanduah, Howrah-711302, West Bengal,
India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Mukesh Chand Bothra |
|
Designation : |
Director |
|
Address : |
31-B, Jhawtalla Road, Kolkatat-700017, West Bengal, India |
|
Date of Birth/Age : |
01.10.1967 |
|
Date of Appointment : |
03.07.2006 |
|
DIN No.: |
00423759 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51109WB1998PLC087861 |
BPR
Overseas Limited |
Director |
03-09-98 |
03-09-98 |
- |
Active |
NO |
|
2 |
U51109WB1995PTC073476 |
Hanurang
Trading Private Limited |
Director |
08-11-99 |
08-11-99 |
- |
Active |
NO |
|
3 |
U51109WB1996PTC078404 |
Gunjan
Tie-Up Private Limited |
Director |
24-12-02 |
24-12-02 |
- |
Active |
NO |
|
4 |
U51909WB2004PTC098052 |
Zebra
Pack Private Limited |
Director |
03-07-06 |
03-07-06 |
- |
Active |
NO |
|
5 |
U29193KA2008PTC046136 |
Topaz
Fire Systems Private Limited |
Director |
21-04-08 |
21-04-08 |
26-07-10 |
Active |
NO |
|
Name : |
Mr. Rohit Anchalia |
|
Designation : |
Director |
|
Address : |
7/2, Deodar Street, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
06.04.1975 |
|
Date of Appointment : |
03.07.2006 |
|
DIN No.: |
00662160 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51909WB1992PTC054968 |
MIG
Fincon Private Limited |
Director |
18-05-99 |
18-05-99 |
Active |
NO |
|
2 |
U22212WB1997PTC085952 |
Prime
Prints Private Limited |
Director |
11-06-99 |
11-06-99 |
Active |
NO |
|
3 |
U51109WB1996PTC078404 |
Gunjan
Tie-Up Private Limited |
Director |
18-09-03 |
18-09-03 |
Active |
NO |
|
4 |
U51909WB2004PTC098052 |
Zebra
Pack Private Limited |
Director |
03-07-06 |
03-07-06 |
Active |
NO |
|
Name : |
Mr. Bijay Karan Anchalia |
|
Designation : |
Director |
|
Address : |
31-B, Jhawtalla Road, Kolkatat-700017, West Bengal, India |
|
Date of Birth/Age : |
09.07.1945 |
|
Date of Appointment : |
12.03.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rohit Anchalia |
29500 |
|
Mukesh Chand Bothra |
2500 |
|
Manbharai Anchalia |
24700 |
|
Mamta Anchalia |
26000 |
|
Naresh Anchalia |
28000 |
|
Sangeeta Anchalia |
11500 |
|
Bijay Karan Anchalia |
27000 |
|
Gunjan Tie Up Private Limited, India |
101500 |
|
Kokila Exports (Private) Limited, India |
5000 |
|
Key Dealers Private Limited, India |
5000 |
|
Mukesh Commercial Private Limited, India |
5000 |
|
Tulsi Trimpex Private Limited, India |
5000 |
|
Deesha Tie-Up Private Limited, India |
5000 |
|
Motorex Finance Private Limited, India |
6000 |
|
Kathleen Vyapaar Private Limited, India |
5000 |
|
Panther Vanijya Private Limited, India |
5000 |
|
Artline Vinimay Private Limited, India |
6000 |
|
Meghraj Commercials Private Limited, India |
1000 |
|
Vriddhi Raj Trading Company Private Limited, India |
1000 |
|
Ranaul Technology Private Limited, India |
2000 |
|
Shiv Trading Company Private Limited, India |
1000 |
|
Vedant Vinitrade Private Limited, India |
3000 |
|
Sublakkshmi Commodeal Private Limited, India |
1500 |
|
Yashman Traders and Merchandies Private Limited, India |
1000 |
|
Basukinath Vanijya Private Limited, India |
2000 |
|
Instyle Agencies Private Limited, India |
500 |
|
Total |
310700 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
35.89 |
|
Directors or relatives of Directors |
48.02 |
|
Other top fifty shareholders |
16.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Flexible Polythene Film and Printed Polybag, Pouch etc.
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Products : |
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PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
Printed Poly Pouch |
Kgs. |
21429.140 |
|
Scrap |
Kgs. |
6698.130 |
GENERAL INFORMATION
|
Bankers : |
·
Canara Bank, SME Brnach, 21, Camac Street, Bells
House, 3rd Floor, Kolkata-700016, West Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
R. Rampuria and Company Chartered Accountants |
|
Address : |
147, Mahatma Gandhi Road, Kolkata-700007, West Bengal, India |
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Tel. No.: |
91-33-22739412 / 32935128 |
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Mobile No.: |
91-9831401999 |
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E-Mail : |
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Pan No.: |
AAHFR0935J |
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|
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Other Related Parties : |
·
Gujan Tie-Up Private Limited ·
Prime Prints Private Limited ·
Unipack Industries ·
Poly Udyog |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310700 |
Equity Shares |
Rs.10/- each |
Rs. 3.107
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.107 |
2.957 |
2.957 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.563 |
26.858 |
26.798 |
|
|
4] (Accumulated Losses) |
(0.233) |
0.000 |
0.000 |
|
|
NETWORTH |
43.437 |
29.815 |
29.755 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
17.717 |
9.694 |
0.000 |
|
|
2] Unsecured Loans |
2.570 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
20.287 |
9.694 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.724 |
39.509 |
29.755 |
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.471 |
4.047 |
4.188 |
|
|
Capital work-in-progress |
0.000 |
17.684 |
1.017 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.760 |
0.760 |
0.621 |
|
|
DEFERREX TAX ASSETS |
0.635 |
0.025 |
0.008 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.496
|
0.000 |
0.000 |
|
|
Sundry Debtors |
5.710
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
11.440
|
10.766 |
7.905 |
|
|
Other Current Assets |
3.188
|
1.669 |
0.400 |
|
|
Loans & Advances |
5.297
|
5.540 |
15.900 |
|
Total
Current Assets |
36.131
|
17.975 |
24.205 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.238
|
0.865 |
0.000 |
|
|
Other Current Liabilities |
0.064
|
0.118 |
0.114 |
|
|
Provisions |
0.000
|
0.044 |
0.231 |
|
Total
Current Liabilities |
1.302
|
1.027 |
0.345 |
|
|
Net Current Assets |
34.829
|
16.948 |
23.860 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.029 |
0.045 |
0.061 |
|
|
|
|
|
|
|
|
TOTAL |
63.724 |
39.509 |
29.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
15.678 |
0.000 |
0.000 |
|
|
|
Profit on Foreign Exchange |
0.207 |
0.000 |
0.000 |
|
|
|
Discount Received |
0.046 |
0.000 |
0.000 |
|
|
|
Interest Received |
0.608 |
1.141 |
1.506 |
|
|
|
Dividend Income |
0.000 |
0.006 |
0.042 |
|
|
|
Interest on Fixed Deposit |
0.082 |
0.175 |
0.244 |
|
|
|
TOTAL (A) |
16.621 |
1.322 |
1.792 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Operating Expenses |
24.789 |
0.326 |
0.000 |
|
|
|
Payments to and Provisions for Employees |
0.547 |
0.381 |
0.000 |
|
|
|
Administrative Expenses |
0.400 |
0.255 |
0.399 |
|
|
|
Selling and Distribution Expenses |
0.050 |
0.098 |
0.000 |
|
|
|
Audit Fees |
0.000 |
0.000 |
0.007 |
|
|
|
Bonus |
0.000 |
0.000 |
0.005 |
|
|
|
Car Running Expenses |
0.000 |
0.000 |
0.029 |
|
|
|
Consultancy Fees |
0.000 |
0.000 |
0.096 |
|
|
|
Directors Remuneration |
0.000 |
0.000 |
0.072 |
|
|
|
Filling Fees |
0.000 |
0.000 |
0.003 |
|
|
|
Preliminary Expenses W/Off |
0.000 |
0.000 |
0.016 |
|
|
|
Professional Tax |
0.000 |
0.000 |
0.003 |
|
|
|
Property Tax |
0.000 |
0.000 |
0.005 |
|
|
|
Rent Secretarial Audit Fees |
0.000 |
0.000 |
0.202 |
|
|
|
Subscription |
0.000 |
0.000 |
0.001 |
|
|
|
Telephone Expenses |
0.000 |
0.000 |
0.001 |
|
|
|
Trade License |
0.000 |
0.000 |
0.026 |
|
|
|
Travelling Expenses |
0.000 |
0.000 |
0.001 |
|
|
|
Increase In Stock |
(10.496) |
0.000 |
0.103 |
|
|
|
TOTAL (B) |
15.290 |
1.060 |
0.969 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.331 |
0.262 |
0.823 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.184 |
0.014 |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
0.147 |
0.248 |
0.809 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.135 |
0.162 |
0.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) BEFORE TAX (E-F)
(G) |
(1.988) |
0.086 |
0.728 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.610) |
0.026 |
0.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) AFTER TAX (G-H) (I) |
(1.378) |
0.060 |
0.505 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.144 |
1.084 |
0.579 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.234) |
1.144 |
1.084 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.43) |
0.20 |
1.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(8.29)
|
4.54 |
28.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(12.68)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.09)
|
0.39 |
2.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
0.00 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.50
|
0.36 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
27.75
|
17.50 |
70.16 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U51909WB2004PTC098052 |
|
Name of the
company |
ZEBRA PACK
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
31/C, Jhowtala Road, Kolkata-700017, West Bengal, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Book debts Others |
|
Particular of
charge holder |
Canara Bank, SME Brnach, 21, Camac Street, Bells House, 3rd
Floor, Kolkata-700016, West Bengal, India |
|
Nature of
instrument creating charge |
1. NF 446 -
Counter Indemnity 2. NF 447 - Agreement
For Opening Inland Irrevocable Letters of Credit 3. NF 480 -
Pronote 4. NF 720 -Deed
of Hypo Re: Machinery 5. NF 721 -
Letter Of Undertaking re: Loans/Advances
6. NF 723 -
Agreement re: Collateral Security: Machinery
7. NF 795 - Cash
Credit Agreement 8. NF 461 –
Letter Evidencing Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
11.03.2010 |
|
Amount secured by
the charge |
Rs. 26.223
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest OCC/ODBD : (BPLR - 1.50 %) pa ; TL : Presently 10.75 % pa (BPLR - 1.25 %); FLC
Commission : 50 % of applicable charges; BG Commission : 50 % of applicable
charges Terms of repayment Repayable in 18 equal
quarterly installments of Rs. 0.568 million each excluding Moratorium of 6
months. Interest as and when due. All loans are
repayable on demand. Margin TL - 50 %
(investment in Land, Factory Building / Civil Construction / others by the
Promoters are treated as margin) OCC: 25 %; FLC - 15%; BG - 25 %. Extent and operation of the charge Hypothecation of
Stock, Raw Materials, WIP and Finished Goods. Hypothecation of Book
Debts. Hypothecation of Plant and
Machinery. EMT of Factory
Land and Building measuring one acre of land at Master Plot, PPF - 13 at Poly
Park, Mouza - Kandua, JL - 5, R.S. Dag - 1981, 1982, 1983, 1985, 1986, 2018
(all part), PS - Sankrail, District - Howrah. Other Following is the
sanctioned limit :- OCC / ODBD Rs. 11.000 millions (Sublimit : ODBD
- Rs. 5.000 millions) Term Loan
Rs. 10.218 millions FLC (DA /
DP)
Rs. 4.000 millions BG Rs. 1.005
millions Overall Limit is Rs. 26.223 millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Stock, Raw Materials, WIP and Finished Goods. Hypothecation of
Book Debts. Hypothecation of
Plant and Machinery. EMT of Factory
Land and Building measuring one acre of land at Master Plot, PPF - 13 at Poly
Park, Mouza - Kandua, JL 5, RS Dag 1981,1982,1983,1985,1986,2018 (all part),
PS - Sankrail, District - Howrah. |
FIXED ASSETS
·
Freehold Land
·
Computer
·
Office Equipment
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Factory Shed
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. 49.08 |
|
|
1 |
Rs. 78.65 |
|
Euro |
1 |
Rs. 67.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.