1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Unicorn Denmart Limited |
Principal Name 1 |
Mr. Shammi Gumbhir |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Achla Gumbhir |
|
|
|
Registration # |
55-173509 |
|
Street Address |
3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New
Rajinder Nagar, New Delhi – 110060, India |
||
|
Established Date |
01.02.2008 |
SIC Code |
-- |
|
Telephone# |
91-11-45551200 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-45551222 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Dental Supplies |
|
|
# of employees |
100 (Approximately) |
Product Name 2 |
Hospital |
|
Paid up capital |
Rs.1,700,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors -100% |
Banking |
Citi Bank N.A. |
|
Public Limited Corp. |
No |
Business Period |
3 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,543,000 |
Current Liabilities |
58,238,000 |
|
Inventories |
65,253,000 |
Long-term Liabilities |
32,988,000 |
|
Fixed Assets |
17,278,000 |
Other Liabilities |
16,606,000 |
|
Deferred Assets |
10,000 |
Total Liabilities |
107,832,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
65,552,000 |
|
|
|
Net Worth |
67,252,000 |
|
Total Assets |
175,084,000 |
Total Liab. & Equity |
175,084,000 |
|
Total Assets (Previous Year) |
150,671,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
395,514,000 |
Net Profit |
33,365,000 |
|
Sales(Previous yr) |
301,193,000 |
Net Profit(Prev.yr) |
15,268,000 |
MIRA INFORM
REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNICORN DENMART LIMITED |
|
|
|
|
Registered
Office : |
3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New
Rajinder Nagar, New Delhi – 110060 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
01.02.2008 |
|
|
|
|
Com. Reg. No.: |
55-173509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297DL2008PLC173509 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELU03585B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU9584E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Dental Supplies and Hospital. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mrs. Achla Gumbhir |
|
Designation : |
Director |
|
Contact No.: |
91-9810986086 |
LOCATIONS
|
Registered/ Corporate Office: |
3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New
Rajinder Nagar, New Delhi-110060, India |
|
Tel. No.: |
91-11-45551200 |
|
Fax No.: |
91-11-45551222 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · New Delhi · Ahmedabad · Lucknow · Kanpur · Bangalore · Chandigarh · Kolkata · Mumbai |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Shammi Gumbhir |
|
Designation : |
Director |
|
Address : |
C-3/71 Ashok Vihar Phase II, New Delhi-110052, India |
|
Date of Birth/Age : |
15.08.1966 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
00001067 |
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 |
U33111DL1997PTC091175
|
UNICORN
MEDIDENT PRIVATE LIMITED |
Managing
director |
15/12/1997
|
15/12/1997
|
Active
|
NO |
|
2 |
U33112DL2006PTC147255
|
CORNO
DENTRIX PRIVATE LIMITED |
Director
|
08/03/2006
|
08/03/2006
|
Active
|
NO |
|
3 |
U29297DL2008PLC173509
|
UNICORN
DENMART LIMITED |
Director
|
01/02/2008
|
01/02/2008
|
Active
|
NO |
|
Name : |
Mrs. Achla Gumbhir |
|
Designation : |
Director |
|
Address : |
C-3/71 Ashok Vihar Phase II, New Delhi-110052, India |
|
Date of Birth/Age : |
08.12.1968 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
00001068 |
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 |
U33111DL1997PTC091175
|
UNICORN MEDIDENT
PRIVATE LIMITED |
Director |
15/12/1997 |
15/12/1997 |
Active |
NO |
|
2 |
U29297DL2008PLC173509
|
UNICORN DENMART
LIMITED |
Director |
01/02/2008 |
01/02/2008 |
Active |
NO |
|
Name : |
Ms. Sandhya Gambhir |
|
Designation : |
Director |
|
Address : |
D – 12/64, Block D, PKT_12, Rohini Sector – 8, New Delhi-110085, India |
|
Date of Birth/Age : |
02.01.1976 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
01922841 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shammi Gumbhir |
|
89800 |
|
Achla Gumbhir |
|
80000 |
|
Sandhya Gambhir |
|
160 |
|
Laxmi Chand Gumbhir |
|
10 |
|
Dropadi Gambhir |
|
10 |
|
Reena Gambhir |
|
10 |
|
Rakesh Kumar |
|
10 |
|
|
|
|
|
Total |
|
170000 |
AS ON 30.09.2011
Equity share
breakup
|
Category |
Percentage |
|
|
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dental Supplies and Hospital. |
|
|
|
|
Products : |
Ř
Dental Chair and Unit Ř
Compressor Ř
Composite Material Ř
Electrocautery Ř
Autoclave Ř
Hand Piece Ř
Dental Surgical Loupe Ř
Water Distiller Ř
Camera Ř
Air Polisher |
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, Rajinder Nagar, New Delhi, India · Citibank N.A. Jeevn Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi – 110001, India · Punjab National Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raj Suneja and Company Chartered Accountant |
|
Address : |
2189, 3rd Floor, Shadi Khampur, West Patel Nagar, New Delhi
– 110008, Delhi, India. |
|
Tel. No.: |
91-11-45719991 |
|
Mobile No.: |
91-981021505/ 602 |
|
PAN No.: |
AAXPS3387B |
|
E-Mail : |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Share |
Rs.10/- Each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170000 |
Equity Share |
Rs.10/- Each |
Rs.1.700
Millions |
|
|
|
|
|
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 |
1.700 |
1.700 |
1.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
65.552 |
21.451 |
0.000 |
|
|
4] Share Premium |
0.000 |
18.000 |
18.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
(0.855) |
|
|
NETWORTH |
67.252 |
41.151 |
18.845 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
32.988 |
9.311 |
0.020 |
|
|
TOTAL BORROWING |
32.988 |
9.311 |
0.020 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
100.240 |
50.462 |
18.865 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.278 |
16.741 |
1.620 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.010 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
65.253
|
53.299
|
0.000 |
|
|
Sundry Debtors |
47.003
|
54.724
|
4.039 |
|
|
Cash & Bank Balances |
3.666
|
4.075
|
9.963 |
|
|
Other Current Assets |
19.556
|
21.232
|
3.595 |
|
|
Loans & Advances |
22.318
|
0.566
|
0.058 |
|
Total
Current Assets |
157.796
|
133.896
|
17.655 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.000
|
69.970
|
0.099 |
|
|
Other Current Liabilities |
58.238
|
30.239
|
0.364 |
|
|
Provisions |
16.606
|
0.000
|
0.000 |
|
Total
Current Liabilities |
74.844
|
100.209
|
0.463 |
|
|
Net Current Assets |
82.952
|
33.687
|
17.192 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.034 |
0.053 |
|
|
|
|
|
|
|
|
TOTAL |
100.240 |
50.462 |
18.865 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
395.514 |
301.193 |
15.003 |
|
|
|
Other Income |
4.708 |
2.461 |
0.000 |
|
|
|
TOTAL (A) |
400.222 |
303.654 |
15.003 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Sales in Trade |
285.139 |
282.054 |
12.926 |
|
|
|
Change in Inventories of Stock in Trade |
(11.953) |
(53.300) |
0.000 |
|
|
|
Employee, Remuneration and Benefits |
30.337 |
19.596 |
1.082 |
|
|
|
Other Expenses |
45.444 |
32.518 |
1.824 |
|
|
|
TOTAL (B) |
348.967 |
280.868 |
15.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
51.255 |
22.786 |
(0.829) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.512 |
0.145 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.743 |
22.641 |
(0.831) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.783 |
0.304 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX (E-F) (G) |
49.960 |
22.337 |
(0.831) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.595 |
7.069 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
33.365 |
15.268 |
(0.831) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
196 |
90 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.34
|
5.03 |
(5.54) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.63
|
0.78 |
(5.54) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.54
|
14.83 |
(4.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74
|
0.54 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.60
|
2.66 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
1.34
|
38.13 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in Report
(Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
FINANCIAL RESULTS:
The Company had derived a profit of Rs.49.960 Millions by conducting
Sales of Rs.395.514 Millions after meeting expenses during the period.
FORM 8:
|
Corporate identity number of the company |
U29297DL2008PLC173509 |
|
Name of the company |
UNICORN DENMART LIMITED |
|
Address of the registered office or of the
principal place of business in |
3, Local Shopping Centre, Mor Land, Near
J-Block Dda Mkt, New Rajinder Nagar, New Delhi -110060, Delhi, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Others: Stocks |
|
Particular of charge holder |
Citibank N.A Jeevn Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi – 110001, India |
|
Nature of instrument creating charge |
Goods Security Agreement. |
|
Date of instrument Creating the charge |
30/11/2010 |
|
Amount secured by the charge |
Rs.30.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest @ 10.50% per annum. Terms of Repayment Repayable on demand, annually renewable. Margin 30% against the said stocks. 30% against the said book debts. Extent and Operation of the charge First exclusive charge by hypothecation of
all the Borrower's movable assets (including stocks and book debts) forming
part of its current assets both present and future in favour of Citibank N.A
Delhi for the repayment of all monies in respect of the credit facility,
including outstanding balance and also all interest, costs, charges and
expenses.. Others |
|
Short particulars of the property charged |
All the Borrower's movable assets
(including stocks and book debts) forming part of its current assets both
present and future |
FIXED ASSETS:
Ř
Plot of Land
Ř
Building Under Construction
Ř
Computer and Printers
Ř
Computer Software
Ř
Generator
Ř
Air Conditioner
Ř
Office Equipments
Ř
Furniture and Fixture
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.49.38 |
|
|
1 |
Rs.79.20 |
|
Euro |
1 |
Rs.67.84 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.