MIRA
INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
LILA POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
123, Mittal
Tower, C Wing, 12th Floor, Nariman Point, Mumbai – 400 021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138388 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.020 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH2002PTC138388 |
|
|
|
|
IEC No.: |
0303018011 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML04277A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL8784H |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
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|
|
|
Line of Business
: |
Trader and
Importer of Polymers. |
|
|
|
|
No. of Employees
: |
15 Approximately
(In office 10 and In factory 5) |
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 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an
established company having satisfactory track records. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Mathew George |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-9987037405 |
|
Date : |
19.09.2011 |
LOCATIONS
|
Registered Office : |
123, Mittal
Tower, C Wing, 12th Floor, Nariman Point, Mumbai – 400 021, |
|
Tel. No.: |
91-22-40831111/ 1112
(100 Lines) / 28514616 / 66306541 |
|
Mobile No.: |
91-9987037405 (Mr. Mathew
George) |
|
Fax No.: |
91-22-40831122 |
|
E-Mail : |
|
|
Website : |
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|
Area: |
957 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Branch Office: |
189/V, Shed No.
5, Bahutha Savli, Vadodara – 391 770, |
|
Location: |
Rented |
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|
|
|
Warehouse : |
Located at: ·
Thane ·
Vadodara
|
|
|
|
|
Associate Offices: |
·
·
·
·
|
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Jagdish
Ranjit Tanna |
|
Designation : |
Director |
|
Address : |
Flat No. 11, Neel
Sagar, Agkhan Road, Worli Sea Face, Mumbai – 400 018, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1969 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
24.12.2002 |
|
DIN No.: |
00494471 |
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 |
U24134MH2002PTC138388 |
Lila Polymers
Private Limited |
Director |
24-12-02 |
24-12-02 |
- |
Active |
NO |
|
2 |
U36912GJ2007PTC051454 |
Kaal Flex
Private Limited |
Director |
22-01-08 |
22-01-08 |
16-10-09 |
Active |
NO |
|
3 |
U55101MH1997PTC109755 |
Arundina
Foodstuff Private Limited |
Director |
20-07-09 |
20-07-09 |
03-08-11 |
Active |
NO |
|
4 |
U25202MH2010PTC203626 |
Mantra Packaging
Private Limited |
Director |
02-06-10 |
02-06-10 |
- |
Active |
NO |
|
|
|
|
Name : |
Mrs. Reshma
Jagdish Tanna |
|
Designation : |
Director |
|
Address : |
Flat No. 11, Neel
Sagar, Agkhan Road, Worli Sea Face, Mumbai – 400 018, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1970 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
24.12.2002 |
|
DIN No.: |
00494514 |
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 |
U24134MH2002PTC138388 |
Lila Polymers
Private Limited |
Director |
24-12-02 |
24-12-02 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Mathew George |
|
Designation : |
Chief Accountant |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Jagdish Tanna |
|
Designation : |
Chief Executive Officer |
|
E-Mail : |
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|
|
|
Name : |
Ms.Ashvitha Talpadi |
|
Designation : |
Senior Marketing and Logistice Executive - International |
|
E-Mail : |
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|
|
|
|
Name : |
Ms. Ragini Pandya |
|
Designation : |
Marketing Executive - International |
|
E-Mail : |
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|
|
|
Name : |
Mr. Samir Kachalia |
|
Designation : |
Logistic and Market-In Charge - Domestic |
|
E-Mail : |
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|
|
|
Name : |
Ms. Rozabi Alvi |
|
Designation : |
Marketing Executive - International |
|
E-Mail : |
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|
|
|
Name : |
Mr. Devesh Magia |
|
Designation : |
Market-In Charge of |
|
E-Mail : |
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|
|
|
|
Name : |
Mr.Suryakant Jhunjhunwala |
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Designation : |
Market-in Charge – Domestic |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jagdish Ranjit
Tanna |
|
117000 |
|
Reshma Jagdish
Tanna |
|
63000 |
|
Archanaa Vinay Birla |
|
9000 |
|
Quest Profin Advisor Private Limited, |
|
4000 |
|
ANS Global Limited, |
|
9000 |
|
Total |
|
202000 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
93.56 |
|
Others
|
|
6.44 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and
Importer of Polymers. |
|
|
|
|
Products : |
Polymers · Polyethylene Low Density
Polyethylene (LDPE) Linear
Low Density Polyethylene (LLDPE) High
Density Polyethylene (HDPE) Raffia
Grade1 HMHDPE · Polypropylene Polypropylene
(PP) · Polyethylene Terephthalate (PET) Bottle
Grade Fiber
Grade · Polyvinyl Chloride Polyvinyl
Chloride (PVC) · Styrenes General
Purpose Polystyrene (GPPS) High
Impact Polystyrene (HIPS) Acrylonitrile
Butadiene Styrene (ABS) Other Products Carbon
Black HDPE
PIPES Chemicals ·
Alcohols Methanol · Anhydrides Phthalic Anhydride · Chloralkali Chemicals Caustic Soda · Fibre Intermediates Caprolactam (CPL) Triethylene Glycol (TEG) Monoethylene Glycol (MEG) Diethylene Glycol (DEG) · Others Phosphoric acid (Food Grade
and Technical Grade) Paraffin Wax (Fully refined
and Semi refined) Hydrogen Peroxide Titanium Dioxide (Anatase and
Rutile) · General Commodities Finished Products PP Ropes Baler Twines · Metal Products Iron and Steel High Melting Scrap 1 (HMS 1) High Melting Scrap 2 (HMS 2) Steel billets |
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|
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Exports : |
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|
Products : |
Polymers |
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Countries : |
·
·
·
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Imports : |
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Products : |
·
Raw Materials ·
Plastic Granules |
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Countries : |
·
·
·
·
·
African Countries
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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|
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Nova
Chemical ·
Mitsubishi ·
Qatar
Petrochemical Company ·
Haldia
Petrochemical Limited |
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|
||||||||||||
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Customers : |
·
End
Users ·
Manufacturer
|
||||||||||||
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No. of Employees : |
15 Approximately
(In office 10 and In factory 5) |
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Bankers : |
·
The Saraswat Co-Operative Bank Limited ·
Canara
Bank Mandvi, Mumbai- 400 003, ·
HDFC Bank Limited Branch Tulsania Chambers,
Mumbai, ·
Citi Bank ·
IDBI Bank ·
ICICI
Bank Limited |
||||||||||||
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|
||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Jatin G. Solanki Chartered
Accountants |
|
Address : |
2/59, Gokul, R B
Mehta Marg, Ghatkopar, Mumbai – 400 077, |
|
Tele/Fax No.: |
91-22-21027981 |
|
|
|
|
Associates/Subsidiaries : |
Lila Polymers (Proprietorship Firm) Address : 123, Mittal Tower, 12th Floor,
C Wing, Nariman Point, Mumbai – 400021, Line of Business : Trader and Importer of Polymers. |
CAPITAL STRUCTURE
As on 29.09.2010
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 |
|
202000 |
Equity Shares |
Rs.10/- each |
Rs.2.020 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 |
2.020 |
2.020 |
1.890 |
|
|
2] Share Application Money |
0.000 |
0.000 |
9.500 |
|
|
3] Reserves & Surplus |
45.878 |
39.275 |
19.411 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
47.898 |
41.295 |
30.801 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
23.420 |
1.480 |
5.483 |
|
|
2] Unsecured Loans |
19.532 |
22.888 |
9.973 |
|
|
TOTAL BORROWING |
42.952 |
24.368 |
15.456 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.850 |
65.672 |
46.257 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.791 |
5.224 |
1.296 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.226 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.043 |
0.000 |
0.035 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.030
|
23.781
|
20.107
|
|
|
Sundry Debtors |
24.401
|
16.958
|
19.102
|
|
|
Cash & Bank Balances |
11.504
|
18.660
|
16.764
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
50.379
|
12.313
|
27.876
|
|
Total
Current Assets |
115.314
|
71.712
|
83.849
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.524
|
11.268
|
38.930
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
29.524
|
11.268
|
38.930
|
|
|
Net Current Assets |
85.790
|
60.444
|
44.919
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.004 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
90.850 |
65.672 |
46.257 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
955.931 |
687.648 |
528.524 |
|
|
|
Other Income |
8.984 |
6.323 |
0.982 |
|
|
|
TOTAL |
964.915 |
693.971 |
529.506 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
929.190 |
656.851 |
510.777 |
|
|
|
Indirect Expenses |
24.443 |
23.087 |
12.135 |
|
|
|
Director’s remuneration |
0.338 |
3.000 |
0.000 |
|
|
|
TOTAL |
953.971 |
682.938 |
522.912 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10.944 |
11.033 |
6.594 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.944 |
11.033 |
6.594 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
1.300 |
0.907 |
0.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.644 |
10.126 |
6.155 |
|
|
|
|
|
|
|
|
|
|
TAX |
3.040 |
3.233 |
2.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.604 |
6.893 |
4.121 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.194 |
15.301 |
11.980 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
28.798 |
22.194 |
16.101 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.69 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.68
|
0.99
|
0.78
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.01
|
1.47
|
1.16
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.10
|
13.16
|
7.23
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.25
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.51
|
0.86
|
1.77
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.91
|
6.36
|
2.15
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS ARE NOT AVAILABLE.
|
Sr. No. |
Check List by Info Agents |
|
|
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 |
YES |
|
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 variations <> 20% |
NO |
|
14. |
Estimation for coming financial year |
YES |
|
15. |
Capital in the business |
YES |
|
16. |
Details of sister concerns |
YES |
|
17. |
Major Suppliers |
YES |
|
18. |
Major Customers |
YES |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
NO |
|
22. |
Litigation that the firm / promoter involved
in |
NO |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
NO |
|
25. |
Conduct of the banking account |
NO |
|
26. |
Buyer visit details |
NO |
|
27. |
Financials, if provided |
YES |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
TRADE REFERENCES
·
Garware Wall Ropes Limited
·
Amul,
·
Premier Engineers
FORM 8
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
90243793 |
|
Corporate identity number of the company |
U24134MH2002PTC138388 |
|
Name of the company |
LILA POLYMERS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
123, Mittal Tower, C Wing, 12th Floor, Nariman Point,
Mumbai – 400 021, |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of charge holder |
Canara Bank Mandvi, Mumbai- 400 003, |
|
Nature of description of the instrument creating or modifying the
charge |
Supplimental common hypothecation agreement and letter evidencing
deposit of title deed |
|
Date of instrument Creating the charge |
07.06.2011 |
|
Amount secured by the charge |
Rs.245.050 millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of interest Interest at such rates as may be specified by the bank from time to
time Terms of repayment On demand Margin As per agreement Extent and operation of the charge 100% Others The above is to secure ODBD limit of Rs.15.000 millions FLC(DA/DP) of
Rs.140.000 millions, FLC/ILC (DA/DP) Rs.50.000 millions, BG Rs.20.000
millions, FDB/FBE (PBLC) Rs.20.000 millions and BGST Rs.0.005 million
aggregeting to Rs.245.050 millions |
|
Short particulars of the property charged |
First charge on stocks and book debts both present and future |
|
Particulars of the present modification |
Extent of operation of charge enhanced from Rs.197.500 millions to
Rs.245.050 millions i.e. ODBD limit of Rs.15.000 millions FLC(DA/DP) of
Rs.140.000 millions, FLC/ILC (DA/DP) Rs.50.000 millions, BG Rs.20.000
millions, FDB/FBE (PBLC) Rs.20.000 millions and BGST Rs.0.050 million
aggregeting to Rs.245.050 millions. others terms and conditions remain same. |
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.48.22 |
|
|
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
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 |
YES |
|
--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.