1. Summary Information
|
|
|
Country |
|
|
Company Name |
INDRAYANI SALES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rahul Maruti Zine |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prashant Maruti Zine |
|
|
|
Registration # |
11-155147 |
|
Street Address |
6/16, Sanjay Mittal Industrial Estate, Andheri-Kurla Road, Andheri
East, Mumbai-400059, Maharashtra. |
||
|
Established Date |
05.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-40404040 (100 lines) |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40404242 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Laser Toner Cartridge |
|
|
# of employees |
80 |
Product Name 2 |
Chemical Toner Powder |
|
Paid up capital |
Rs.5,000,000/- |
Product Name 3 |
Wiper Plate |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
05 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
51,259,000 |
Current Liabilities |
29,475,000 |
|
Inventories |
25,320,000 |
Long-term Liabilities |
44,680,000 |
|
Fixed Assets |
9,675,000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
74,155,000 |
|
Invest& other Assets |
861,000 |
Retained Earnings |
7,960,000 |
|
|
|
Net Worth |
12,960,000 |
|
Total Assets |
87,115,000 |
Total Liab. & Equity |
87,115,000 |
|
Total Assets (Previous Year) |
50,489,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
133,160,000 |
Net Profit |
4,292,000 |
|
Sales(Previous yr) |
79,648,000 |
Net Profit(Prev.yr) |
2,973,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
INDRAYANI SALES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
6/16, Sanjay Mittal Industrial Estate, Andheri-Kurla Road, Andheri
East, Mumbai-400059, Maharashtra. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155147 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909MH2005PTC155147 |
|
|
|
|
IEC No.: |
0305088840 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI07069G MUMI07578E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCI3891F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge, Chemical
Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and Printer
Chips. Ink.) |
|
|
|
|
No. of Emplyees: |
80 (In office-25, in factory -45 and in branches -10) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 50000 |
|
|
|
|
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. 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 (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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 : |
Mr. Nitin |
|
Designation : |
Accounts Manager |
|
Mobile No.: |
91-9892842402 |
|
Date : |
31.12.2010 |
LOCATIONS
|
Registered Office/ Branch : |
6/16, Sanjay Mittal Industrial Estate, Andheri-Kurla Road, Andheri
East, Mumbai-400059, Maharashtra, India. |
|
Tel. No.: |
91-22-40404040 (100 lines) |
|
Fax No.: |
91-22-40404242 |
|
E-Mail : |
|
|
Web site: |
|
|
Area : |
1800 sq.ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. N-1/1 and ½, Additional Patalganga Industrial Area, MIDC,
Raigad – 410220, |
|
Tel No.: |
91-22-40404040 |
|
Fax No.: |
91-22-40404242 |
|
Area : |
20000 sq.ft. |
|
Location : |
Owned |
|
|
|
|
Branches : |
4226/1, Gali No 14, |
|
Tel. No.: |
91-11-43583040 |
|
E-Mail : |
|
|
Area : |
1000 sq.ft. |
|
Location : |
Rented |
|
|
|
DIRECTORS
As on 25.06.2010
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Address : |
104, A Wing, Crystal Palace, Near Rambaug, Powai Police Station,
Powai, Mumbai – 400
001, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1976 |
|
Qualification : |
MBA |
|
Date of Appointment: |
05.08.2005 |
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 |
U51909MH2005PTC155147 |
INDRAYANI SALES PRIVATE LIMITED
|
Director |
05/08/2005 |
05/08/2005 |
- |
Active |
NO |
|
Name : |
Mr. Prashant Maruti Zine |
|
Designation : |
Director |
|
Address : |
Archana Bunglow, Sandesh Nagar, Vasant Tekadi, Ahmednagar – 414 003, |
|
Date of Birth/Age : |
04.08.1973 |
|
Qualification : |
B. Sc (Chem.) |
|
Date of Appointment: |
05.08.2005 |
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 |
U51909MH2005PTC155147 |
INDRAYANI SALES PRIVATE
LIMITED |
Director |
05/08/2005 |
05/08/2005 |
- |
Active |
NO |
|
Name : |
Mr. Kailash Kamal Kabra |
|
Designation : |
Director |
|
Address : |
17/14, |
|
Date of Birth/Age : |
11.03.1977 |
|
Date of Appointment: |
05.08.2005 |
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 |
U51909MH2005PTC155147 |
INDRAYANI SALES PRIVATE LIMITED
|
Director |
05/08/2005 |
05/08/2005 |
02/02/2009 |
Active |
NO |
|
Name : |
Ms. Bhagyshree Shashikant Mahawarkar |
|
Designation : |
Director |
|
Address : |
501, Dukes Co-Operative Housing Society, Plot No. 18, Sector 42, Seawoods,
Navi Mumbai-400706, |
|
Date of Birth/Age : |
11.04.1970 |
|
Date of Appointment: |
11.04.2007 |
|
|
|
|
Name : |
Mr. Vireshkumar Kamal Kabra |
|
Designation : |
Director |
|
Address : |
A-702, |
|
Date of Birth/Age : |
07.03.1976 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Kailash Kamal Kabra |
|
2500 |
|
Rahul Maruti Zine |
|
296000 |
|
Prashant Maruti Zine |
|
37500 |
|
Viresh Kamal Kabra |
|
97500 |
|
Bhagyshree Shashikant Mahawarkar |
|
66500 |
|
|
|
|
|
Total |
|
500000 |
As on 25.06.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. Ink.) |
|
|
|
|
Terms : |
|
|
Purchasing : |
Cash (60 days) |
GENERAL INFORMATION
|
Suppliers : |
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Customer : |
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No. of Employees : |
80 (In office-25, in factory -45 and in branches -10) |
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Bankers : |
Punjab National Bank, SEEPZ Branch, SEEPZ, Andheri (East), Mumbai
400096, Maharashtra, |
||||||||||||||||||||
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|
||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.S. Gurav and Associates Chartered Accountants |
|
Address : |
D 2/ 507, Haria Dream Park, Mira Bhayender, Mira Road, Thane |
|
Mobile No.: |
91-9223538157 |
|
E-Mail : |
|
|
|
|
|
Associates/
Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 25.06.2010
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 |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 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 |
5.000 |
5.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.462 |
|
|
3] Reserves & Surplus |
7.960 |
3.668 |
0.695 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.960 |
8.668 |
1.257 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.477 |
19.841 |
9.562 |
|
|
2] Unsecured Loans |
17.203 |
7.322 |
2.962 |
|
|
TOTAL BORROWING |
44.680 |
27.163 |
12.524 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.640 |
35.831 |
13.781 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.675 |
2.685 |
1.197 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.320
|
15.948
|
9.708 |
|
|
Sundry Debtors |
37.349
|
27.972
|
28.079 |
|
|
Cash & Bank Balances |
0.102
|
0.338
|
0.098 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
13.808
|
3.546
|
0.849 |
|
Total
Current Assets |
76.579
|
47.804
|
38.734 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.099
|
10.204 |
|
|
|
Other Current Liabilities |
8.376
|
4.454
|
26.150 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
29.475
|
14.658
|
26.150 |
|
|
Net Current Assets |
47.104
|
33.146
|
12.584 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.861 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.640 |
35.831 |
13.781 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
133.160 |
79.648 |
38.827 |
|
|
|
Other Income |
0.221 |
0.720 |
0.074 |
|
|
|
TOTAL (A) |
133.381 |
80.368 |
38.901 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
122.787 |
73.262 |
36.696 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.594 |
7.106 |
2.205 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.746 |
2.048 |
1.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.848 |
5.058 |
0.829 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.975 |
0.599 |
0.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.873 |
4.459 |
0.599 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.581 |
1.486 |
0.281 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.292 |
2.973 |
0.318 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.668 |
0.695 |
0.377 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.960 |
3.668 |
0.695 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.58 |
5.94 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.22
|
3.70 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.41
|
5.60 |
1.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.81
|
8.83 |
1.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.51 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.72
|
4.82 |
30.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.60
|
3.26 |
1.48 |
LOCAL AGENCY FURTHER INFORMATION
Note: The registered
office of the company has been shifted from 6/107, Sanjay Mittal Industrial
Estate, Andheri-Kurla Road, Andheri-East, Mumbai-400059, Maharashtra, India to
the present address w.e.f. 15.12.2009.
OPERATING RESULTS:
During the year, the company achieved turnover of Rs.133.160 millions as
compared with Rs.79.648 millions in the previous year, registered a growth of
67%. In spite of the recession all over, due to untiring efforts of the
directors, company has shown good amount of increase in its turnover. The
products of the company are in good demand. Directors expect to achieve a
turnover of Rs.180.000 millions for the financial year 2010-11.
The profit before tax is at Rs.5.873 millions as compared to Rs.4.459
millions in preceding financial year.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10086952 |
|
Corporate
identity number of the company |
U51909MH2005PTC155147 |
|
Name of the
company |
INDRAYANI SALES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6/16, Sanjay Mittal Industrial Estate, Andheri-Kurla Road, Andheri
East, Mumbai-400059, Maharashtra, India. |
|
Type of charge |
Book Debts Movable Property Other |
|
Particular of
charge holder |
Punjab National Bank, SEEPZ Branch, SEEPZ, Andheri (East), Mumbai
400096, Maharashtra, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
goods and book debts to secure cash credit facility for Rs.31.500 millions
(existing limit of Rs.27.500 millions + present ADHOC of Rs.4.000 millions)
now aggregating amount of Rs.31.500 millions. |
|
Date of
instrument Creating the charge |
06.04.2010 |
|
Amount secured by
the charge |
Rs.31.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letter and subject to banks/RBI policy from time to time. Terms of
Repayment ADHOC limit is
subject to repayment on specified period. Margin Stocks - 25% Book Debts - 40% Extent and
Operation of the charge Rs.31.500
millions and operation of charge on hypothecated current assets including
book debts and stocks. |
|
Short particulars
of the property charged |
Hypothecated
current assets including book debts and stocks |
|
Particulars of
the present modification |
By this
submission of modification, the company has created charge in favor of bank
on hypothecated current assets including book debts and stocks for Rs.31.500 millions (existing limit of Rs.27.500 millions +
present ADHOC of Rs.4.000 millions) sanctioned by bank |
Fixed Assets:
- Computer Systems
- Furniture and Fixtures
- Machinery
- Motor Vehicles
- Air Conditioners
- Telephone Systems
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. 48.91 |
|
|
1 |
Rs. 76.53 |
|
Euro |
1 |
Rs. 66.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
|
44 |
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.