. Summary Information
|
|
|
Country |
|
|
Company Name |
KARLE INTERNATIONAL PRIVATE LIMITED |
Principal Name 1 |
MR. SUDARSHAN KARLE |
|
Status |
MODERATE |
Principal Name 2 |
MR. MAHENDRA KARLE |
|
|
|
Registration # |
08-047741 |
|
Street Address |
NO.151, INDUSTRIAL SUBURB, YESWANTHPUR, |
||
|
Established Date |
10.09.2008 |
SIC Code |
-- |
|
Telephone# |
91-80-41285301 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-80-23473442 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
READYMADE
GARMENTS |
|
|
# of employees |
6000 |
Product Name 2 |
TEXTILES (100% EOU) |
|
Paid up capital |
Rs.180000000 |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS -100% |
Banking |
STATE BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
3 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (34) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
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|
|
|
|
|
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
363,302,000 |
Current Liabilities |
223,809,000 |
|
Inventories |
670,126,000 |
Long-term Liabilities |
1,446,802,000 |
|
Fixed Assets |
854,975,000 |
Other Liabilities |
42,177,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,712,788,000 |
|
Invest& other Assets |
17,534,000 |
Retained Earnings |
13,149,000 |
|
|
|
Net Worth |
193,149,000 |
|
Total Assets |
1,905,937,000 |
Total Liab. & Equity |
1,905,937,000 |
|
Total Assets (Previous Year) |
1,822,906,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,247,642,000 |
Net Profit |
11,916,000 |
|
Sales(Previous yr) |
793,038,000 |
Net Profit(Prev.yr) |
1,234,000 |
MIRA INFORM
REPORT
|
Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
KARLE INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.151, Industrial Suburb, Yeswanthpur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.09.2008 |
|
|
|
|
Com. Reg. No.: |
08-047741 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 180.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909KA2008PTC047741 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Seller of a wide range of Readymade Garments and Textiles (100%
EOU) |
|
|
|
|
No. of Employees
: |
6000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 773000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a successor of Karle International, a partnership concern
started in the year 1998. It is an established company having moderate track. 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 – 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 |
LOCATIONS
|
Registered Office/ Regional Office
: |
No. 151, Industrial Suburb, Yeswanthpur, |
|
Tel. No.: |
91-80-41285311 -15 |
|
Fax No.: |
91-80-23473442 /23374729 |
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E-Mail : |
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Websites: |
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|
|
|
Factory 1 : |
203:73, |
|
Tel. No.: |
91-80-23373992/28397687/28399046/28399043 |
|
Fax No.: |
91-80-41285301/
11 |
|
Area : |
100000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Unit II, Survey
No. 26/1, 26/2 and 27/2, Mallarabanawadi Village, Kunigal Road, Kasaba Hobli,
Nelamangala Taluka, Bangalore, Karnataka, India |
|
Tel. No.: |
91-80-23577460/32504549/27700568/27700493 |
|
Fax No.: |
91-80-23374729 |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
71, 1st and 2nd Stage, Rajajinagar Ward No. 10,
Near |
|
Tel. No.: |
91-80-23577460/32504549 |
|
Fax No.: |
91-80-23374729 |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Sudarshan Karle |
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Designation : |
Director |
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Address : |
101, 7th Cross, 3rd Main, RMV 2nd Stage, |
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Date of Birth/Age : |
15.12.1953 |
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Qualification : |
BE |
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Date of Appointment : |
10.09.2008 |
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|
DIN No.: |
00291428 |
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Other
Directorship:
|
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Name : |
Mr. Mahendra Karle |
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|
Designation : |
Director |
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|
Address : |
Vidya Kunj, 156, |
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Date of Birth/Age : |
02.01.1956 |
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|
Qualification : |
BE |
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|
Date of Appointment : |
10.09.2008 |
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|
DIN No.: |
00291472 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sudarshan Karle |
|
4316400 |
|
Mahendra Karle |
|
1080000 |
|
Fiona Karle |
|
4316400 |
|
Kyung Seon Cho |
|
7552800 |
|
Sudarshan Karle (HUF) |
|
7200 |
|
Mahendra Karle (HUF) |
|
7200 |
|
K.S. Prasanna |
|
720000 |
|
TOTAL |
|
18000000 |
As on 28.01.2011
|
Names of Allotees |
|
No. of Shares
Allotted |
|
Sudarshan Karle |
|
767360 |
|
Mahendra Karle |
|
192000 |
|
Fiona Karle |
|
767360 |
|
Kyung Seon Cho |
|
1342720 |
|
Sudarshan Karle (HUF) |
|
1280 |
|
Mahendra Karle (HUF) |
|
1280 |
|
K.S. Prasanna |
|
128000 |
|
TOTAL |
|
3200000 |
Equity Share Break up (Percentage of Total Equity) 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter
and Seller of a wide range of Readymade Garments and Textiles (100% EOU) |
|
|
|
|
Products : |
Readymade
Garments
|
|
|
|
PRODUCTION STATUS 30.09.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Readymade Garments |
Pcs |
NA |
NA |
2675048 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
6000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.V. Radhakrishna
and Company Chartered
Accountants |
|
Address : |
# 12, 3rd
Floor, Narang Chambers, |
|
Tel. No.: |
91-80-22218957/
58 |
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E-Mail : |
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PAN.: |
ABGPV9177J |
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Partnership Firm
Private Limited
Companies
|
CAPITAL STRUCTURE
As on 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21200000 |
Equity Shares |
Rs.10/- each |
Rs. 212.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21200000 |
Equity Shares |
Rs.10/- each |
Rs. 212.000
Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000
Millions |
|
|
|
|
|
Notes:
(Of the above 30,00,000 equity shares are
allotted as fully paid up against partners capital and current accounts
pursuant to the conversion of earstwhile partnership firm under part lX of the companies
Act 1956)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
180.000 |
30.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
13.149 |
1.234 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
193.149 |
31.234 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
947.978 |
897.029 |
|
|
2] Unsecured Loans |
|
498.824 |
674.199 |
|
|
TOTAL BORROWING |
|
1446.802 |
1571.228 |
|
|
DEFERRED TAX LIABILITIES |
|
17.085 |
0.943 |
|
|
|
|
|
|
|
|
TOTAL |
|
1657.036 |
1603.405 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
854.975 |
858.628 |
|
|
Capital work-in-progress |
|
15.126 |
7.505 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.200 |
2.681 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
670.126
|
642.468 |
|
|
Sundry Debtors |
|
91.831
|
167.336 |
|
|
Cash & Bank Balances |
|
69.768
|
51.503 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
201.703
|
89.499 |
|
Total
Current Assets |
|
1033.428 |
950.806 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
133.731
|
142.672 |
|
|
Other Current Liabilities |
|
90.078
|
54.042 |
|
|
Provisions |
|
25.092
|
22.787 |
|
Total
Current Liabilities |
|
248.901 |
219.501
|
|
|
Net Current Assets |
|
784.527 |
731.305
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
2.208 |
3.286 |
|
|
|
|
|
|
|
|
TOTAL |
|
1657.036 |
1603.405 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
1247.642 |
793.038 |
|
|
|
Other Income |
|
28.299 |
14.957 |
|
|
|
TOTAL (A) |
|
1275.941 |
807.995 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
1148.122 |
661.043 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION AND EXCHANGE GAIN OR
LOSS (A-B) (C) |
|
127.819 |
146.952 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL/
INTEREST EXPENSES (D) |
|
100.711 |
68.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION AND EXCHANGE GAIN OR LOSS (C-D) (E) |
|
27.108 |
78.490 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
22.574 |
12.530 |
|
|
|
|
|
|
|
|
|
Less/ Add |
Exchange Gain/
Loss |
|
31.620 |
(62.998) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
36.154 |
2.962 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
24.238 |
1.728 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
11.916 |
1.234 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
1103.978 |
725.357 |
|
|
|
Others |
|
0.745 |
0.190 |
|
|
TOTAL EARNINGS |
|
1104.723 |
725.547 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
|
5.623 |
7.704 |
|
|
|
Raw Materials and Accessories |
|
462.740 |
415.520 |
|
|
|
Stores & Spares |
|
1.511 |
0.965 |
|
|
TOTAL IMPORTS |
|
469.874 |
424.189 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
3.92 |
0.74 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
0.93 |
0.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.90 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.91 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.19 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
8.78 |
57.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.15 |
4.33 |
LOCAL AGENCY FURTHER INFORMATION
Business
Performance:
Turnover achieved for the F Y 2009-10 is Rs. 1247.642 millions as
against Rs. 793.038 millions of the previous year. Figures for the previous
year are for the 7 months and accordingly they are not directly comparable with
that of the current year.
Due to global economic slowdown, they were not able to improve the top
line and bottom line of the business. The appreciations of rupee compare to previous
year are also one of the reasons for dip in the turnover.
Though the monthly turnover achieved during the year is more or less
stable when read with that of the previous year, the margin thereon was
affected due to appreciation of rupee. However, due to better management of
foreign exchange gain of Rs. 36.154 millions resulting in a net profit of Rs.
11.916 millions.
Due to the recessionary condition in international market, the company
as a strategy instead of working with few customers, decided to expand the
customers base. In the process without realizing the product viability, added
many big brands like Rebuke,
From 31.09.2009, the company had taken over the assets and liability of
the firm called Karle exports in which the company is one of the partners. As a
result, the production capacity to the extent of 10% should go up and the full
benefit of this take over will be in 2010-11.
General
Subject was incorporated on September 10, 2008 by converting the
erstwhile partnership firm Karle international under Part IX of the Companies
Act, 1956. The company at present, Operates a 100% exports oriented unit and a
domestics tariff area unit.
The company is engaged in the business of manufactured and exports/
FORM 8:
|
Corporate
identity number of the company |
U51909KA2008PTC047741 |
|
Name of the
company |
KARLE
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.151,
Industrial Suburb, Yeshwanthpur, Email Id: bhat@karlegroup.com |
|
This form is for |
Modification
of Charges |
|
Charge
identification (ID) number of the charge to be modified |
10140274 |
|
Type of charge |
|
|
Particular of
charge holder |
Nationalised Bank State Bank of |
|
Nature of
instrument creating charge |
Supplemental
agreement of hypothecation of goods and assets for increase in the overall
limit (C.2-A) Letter regarding
the grant of individual limits within the overall limit(C-5) Form – B (all the
documents relate to the same modification) |
|
Date of
instrument Creating the charge |
31.01.2011 |
|
Amount secured by
the charge |
Rs. 1107.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
: As per schedule Terms of
Repayment: Repayable on
demand Margin: 25% Extent and
operation of the charge: Charges extend by
way of first charge on all assets throughout the period of sanctioned limits. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
a) Hypothecation
of the whole of the present and future stocks of raw materials, stocks in
process, finished goods, book debts, outstanding monies, receivables, claims, bills and other current assets
belonging to the company b) Hypothecation
of plant and machinery, equipment and furniture, etc. belonging to the
company c) Extension of
EM on factory land and building measuring 10 Acres 13 Guntas (4,49,757 Sft)
situated at Sy. No. 26/1, 26/2 and 27/2, Mallaraabanawadi Village, Kasaba
Hobli, Nelamangala Taluk,
Bangalore Rural District d) Extension of
EM on factory land and building situated at Sy. No. 73, |
|
Date of
instrument modifying the charge |
06.02.2010 |
|
Particulars of
the present modification |
Total limits
enhanced from Rs. 920.200 millions to
Rs. 1107.500 millions Extension of EM on
factory land and building measuring 10 Acres 13 Guntas (4,49,757 Sft)
situated at Sy. No. 26/1, 26/2 and 27/2, Mallaraabanawadi Village, Kasaba
Hobli, Nelamangala Taluk, Bangalore Rural District and
Sy. No. 73, |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Machinery
·
Tools and Equipments
·
Electrical Installations
·
Office Equipments
·
Furniture and Fixtures
·
Computers and Software
·
Vehicles
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.49.24 |
|
|
1 |
Rs.76.80 |
|
Euro |
1 |
Rs.67.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
34 |
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.