1. Summary Information
|
|
|
Country |
|
|
Company Name |
GIRIAS INVESTMENT PRIVATE LIMITED |
Principal Name 1 |
Mr. Pannalal Giria |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kanhailal Giria |
|
|
|
Registration # |
08-25042 |
|
Street Address |
No.34/1A, 1st |
||
|
Established Date |
08.04.1999 |
SIC Code |
-- |
|
Telephone# |
91-80-51241074/ 22264551/ 41241074/ 22200898 |
Business Style 1 |
Dealer |
|
Fax # |
91-80-22353708/ 22250737 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Electric and Electronic Goods |
|
# of employees |
150 (Approximately) |
Product Name 2 |
Home Appliances |
|
Paid up capital |
Rs.
44,887,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors (100.00%) |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (41) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
Uttaranchal Tea Company Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
315,457,000 |
Current Liabilities |
71,249,000 |
|
Inventories |
200,456,000 |
Long-term Liabilities |
336,716,000 |
|
Fixed Assets |
303,179,000 |
Other Liabilities |
40,396,000 |
|
Deferred Assets |
000 |
Total Liabilities |
448,361,000 |
|
Invest& other Assets |
15,099,000 |
Retained Earnings |
340,943,000 |
|
|
|
Net Worth |
385,830,000 |
|
Total Assets |
834,191,000 |
Total Liab. & Equity |
834,191,000 |
|
Total Assets (Previous Year) |
697,017,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,982,286,000 |
Net Profit |
70,308,000 |
|
Sales(Previous yr) |
1,852,353,000 |
Net Profit(Prev.yr) |
46,877,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
GIRIAS INVESTMENT PRIVATE LIMITED |
|
|
|
|
Registered Office : |
No.34/1A, 1st |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
08.04.1999 |
|
|
|
|
Com. Reg. No.: |
08-25042 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.887 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51395KA1999PTC025042 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRG00914E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Dealers of Electric and Electronic Goods and Home
Appliances |
|
|
|
|
No. of Employees : |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations are reported as 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 – April 1, 2010
|
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 |
INFORMATION DENIED BY
|
Name : |
Mr. Rao |
|
Designation : |
Accountant |
|
Date : |
07.11.2011 |
LOCATIONS
|
Registered Office : |
No.34/1A, 1st |
|
Tel. No.: |
91-80-51241074/ 22264551/ 41241074/ 22200898 |
|
Mobile No.: |
91-9731317814/9591984477 (Mr. Naveen Giria) |
|
Fax No.: |
91-80-22353708/ 22250737 |
|
E-Mail : |
|
|
Area : |
50000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Branches : |
Ø
Rajaji Nagar, Next to Ø
Ø
Jaya Nagar, Opposite Dayand Sagar Mantap, Ø
Sadashiv Nagar, Ø
Ø
Ø
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Pannalal Giria |
|
Designation : |
Managing Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
15.09.1948 |
|
Date of Appointment : |
08.04.1999 |
|
|
|
|
Name : |
Mr. Kanhailal Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
16.06.1950 |
|
Date of Appointment : |
08.04.1999 |
|
|
|
|
Name : |
Mr. Hansraj Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
05.11.1957 |
|
Date of Appointment : |
08.04.1999 |
|
|
|
|
Name : |
Mr. Naveen Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
20.03.1974 |
|
Date of Appointment : |
01.09.2000 |
|
|
|
|
Name : |
Mr. Praveen Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
14.07.1974 |
|
Date of Appointment : |
01.09.2000 |
|
|
|
|
Name : |
Mr. Manish Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
08.04.1979 |
|
Date of Appointment : |
01.10.2001 |
|
|
|
|
Name : |
Mr. Rishab Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
20.02.1981 |
|
Date of Appointment : |
01.10.2001 |
|
|
|
|
Name : |
Mr. Dungarmal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
Jain Manor, R. S. Puram, Opposite Rao Hospital, Coimbatore, Bangalore-
560096, Karnataka, India |
|
Date of Birth/Age : |
12.02.1954 |
|
Date of Appointment : |
17.05.2004 |
|
|
|
|
Name : |
Mr. Nitin Alias Nitesh Giria |
|
Designation : |
Whole Time Director |
|
Address : |
Jain Manor, R. S. Puram, Opposite Rao Hospital, Coimbatore, Bangalore-
560096, Karnataka, India |
|
Date of Birth/Age : |
24.11.1978 |
|
Date of Appointment : |
17.05.2004 |
|
|
|
|
Name : |
Mrs. Saroj Giria |
|
Designation : |
Whole Time Director |
|
Address : |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
24.08.2006 |
|
|
|
|
Name : |
Mrs. Santosh Giria |
|
Designation : |
Whole Time Director |
|
Address: |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
24.08.2006 |
|
|
|
|
Name : |
Ms Manju Giria |
|
Designation : |
Whole Time Director |
|
Address: |
10/2, Chabria Layout, kumara |
|
Date of Birth/Age : |
15.12.1961 |
|
Date of Appointment : |
24.08.2006 |
|
|
|
|
Name : |
Mr. Arihant Giria |
|
Designation : |
Directors |
|
Address : |
No. 31/A, Gandhinagar, Bangalore-560009, |
|
Date of Birth/Age : |
09.08.1987 |
|
Date of Appointment : |
03.08.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Pannalal Giria |
|
42270 |
|
Kanhailal Giria |
|
59750 |
|
Hansraj Giria |
|
36250 |
|
Kamala Giria |
|
18250 |
|
Saroj Giria |
|
26000 |
|
Manju Giria |
|
38500 |
|
Naveen Giria |
|
75500 |
|
Praveen Giria |
|
55500 |
|
Manish Giria |
|
33100 |
|
Rishab Giria |
|
35100 |
|
Santosh Giria |
|
21450 |
|
Shilpa Giria |
|
3000 |
|
Dugarmal Jain |
|
1000 |
|
Nitin Alias Nitesh Giria |
|
1000 |
|
Vimki Giria |
|
100 |
|
Arihant Giria |
|
100 |
|
Rashmi Giria |
|
1000 |
|
Shweta Giria |
|
1000 |
|
Total |
|
448870 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Electric and Electronic Goods and Home
Appliances |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Agencies Held : |
·
Samsung ·
LG ·
Philips ·
Panasonic ·
BPL ·
Onida ·
Nokia ·
Hyundai ·
Sony |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30 to 60 to 90 days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30 to 60 to 90 days) |
GENERAL INFORMATION
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
M C Ravindra and Company Chartered Accountant |
|
Address : |
118/B, 2nd Floor, |
|
|
|
|
Associates/Subsidiaries : |
Uttaranchal Tea Company Private Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- Each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
448870 |
Equity Shares |
Rs.100/- Each |
Rs.44.887
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 |
44.887 |
44.677 |
44.667 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
340.943 |
270.635 |
224.757 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
385.830 |
315.312 |
269.424 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
262.936 |
263.321 |
87.326 |
|
|
2] Unsecured Loans |
73.780 |
47.151 |
16.024 |
|
|
TOTAL BORROWING |
336.716 |
310.472 |
103.350 |
|
|
DEFERRED TAX LIABILITIES |
2.289 |
1.540 |
0.578 |
|
|
|
|
|
|
|
|
TOTAL |
724.835 |
627.324 |
373.352 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
303.179 |
284.214 |
204.256 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.099 |
15.044 |
11.768 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
200.456
|
106.852
|
52.985
|
|
|
Sundry Debtors |
120.200
|
77.911
|
71.669
|
|
|
Cash & Bank Balances |
36.059
|
77.915
|
63.212
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
159.198
|
135.081
|
48.129
|
|
Total
Current Assets |
515.913
|
397.759
|
235.995 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
64.331
|
40.658 |
|
|
|
Other Current Liabilities |
6.918
|
3.232
|
47.944
|
|
|
Provisions |
38.107
|
25.803
|
30.723
|
|
Total
Current Liabilities |
109.356
|
69.693
|
78.667 |
|
|
Net Current Assets |
406.557
|
328.066
|
157.328
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
724.835 |
627.324 |
373.352 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TURNOVER |
2982.286 |
1852.353 |
1644.162 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL EXPENSES |
2861.853 |
1828.638 |
1567.662 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
115.685 |
78.502 |
75.856 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.186 |
6.247 |
4.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
107.499 |
72.255 |
71.740 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
37.191 |
25.378 |
24.209 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
70.308 |
46.877 |
46.120 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
156.69 |
102.69 |
103.25 |
|
Expected Sales (2010-2011) : Rs.3500.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.60
|
3.90 |
4.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.12
|
9.24 |
16.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.16
|
1.21 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.72
|
5.71 |
2.99 |
LOCAL AGENCY FURTHER INFORMATION
Financial Result and
Operations
The year’s profit and loss account shows a profit of Rs. 107.499
Millions after providing for depreciation of Rs. 8.186 and before making
provision for income tax of Rs. 35.900 Millions.
Bankers Charges
Report as per Registry
|
Name of the company |
GIRIAS INVESTMENT
PRIVATE LIMITED |
|
Presented By |
Girias Investment
Private Limited |
|
1) Date and description of instrument creating the change |
30.03.2004
composite Agreement |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 15.000
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
present and future stocks of electric and electronic goods, book debts,
receivables, other claims etc. belonging to the borrower. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest at the
applicable PLR 10.5% plus spread of 2.5% presently at 13% per annum repayable
on demand. |
|
5) Name and Address and description of the person entitled to the charge. |
Andhra Bank Limited, Gandhi Nagar, |
|
6) Date and brief description of instrument modifying the charge |
Not Available |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Available |
|
Corporate
identity number of the company |
U51395KA1999PTC025042 |
|
Name of the
company |
GIRIAS INVESTMENT
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.34/1A, 1st |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg,
Lower Parel (West), Mumbai-400013, |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum of
Equitable Mortgage & Affidavit cum Declaration |
|
Date of
instrument Creating the charge |
11.03.2010 |
|
Amount secured by
the charge |
Rs.350.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
prescribed by bank from time to time Terms of
Repayment As applicable to
respective credit limits Margin As per bank norms Extent and
Operation of the charge The charge shall
operate to the extent of the loan amount plus interest commission costs
expenses and other charges thereon Others The said amount
of Rs.350 millions comprises CC/WCDL Rs.250 millions & OD Rs.100 millions
|
|
Short particulars
of the property charged |
First charge by
way of equitable mortgage on immovable properties at (a) (b) 100 feet (c) Kadiganahalli
village, Jala Hobli, Yelahanka, together with the
buildings and other structures fixed plant and machinery fixtures and
fittings constuced, erectedor installed thereon or to be constructed, erected
or installed thereon morefully
described in the Rhird schedule to the Memorandum. |
Fixed Assets
- Building
- Land
- Office Equipment
- Air Conditioner
- Electrical Fittings
- Cars
- Computers
- Scooter
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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.82 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--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.