MIRA
INFORM REPORT
|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANATHAN TEXTILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.10.2005 |
|
|
|
|
Com. Reg. No.: |
21-105863 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 117.405 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u17299wb2005ptc105863 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
cals17128g |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer of Textile Yarn |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company
is doing well. 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) |
|
India |
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 : |
192 Jamunalal Bajaj Street, Kolkata – 700 007, West Bengal, India |
|
Tel. No.: |
91-33-22686462 |
|
Fax No.: |
Not Available |
|
E-Mail : |
pawancs.das@rediffmail.com |
|
Website : |
www.fibre2fashion.com/sanathan |
|
|
|
|
Factory : |
Survey Plot No. 187/4/1/2, Village Surangi, Dapada, Silvassa – 396
230, Dadra and Nagar Haveli, |
|
|
|
|
Corporate Office : |
B-6, Trade World, 1st Floor, Kamla Mills Compound, Senapati
Bapat Marg, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66343312/14/15/16/30420121/22/66343313 |
DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Paresh Kumar V Dattani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
24.07.1960 |
|
Date of Appointment : |
10.10.2005 |
|
DIN No.: |
00163591 |
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 |
U17299WB2005PTC105863 |
SANATHAN
TEXTILES PRIVATE LIMITED |
Director |
10-10-05 |
10-10-05 |
Active |
NO |
|
2 |
U17299WB2006PTC108821 |
UNIVERSAL
TEXTURISERS PRIVATE LIMITED |
Director |
31-03-06 |
31-03-06 |
Active |
NO |
|
Name : |
Mr. Dinesh Kumar V Dattani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
27.07.1948 |
|
Date of Appointment : |
10.10.2005 |
|
DIN No.: |
00163701 |
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 |
U17219WB1987PTC043147 |
TEXCO
FIBRES PRIVATE LIMITED |
Director |
16-10-87 |
16-10-87 |
Converted
to LLP |
NO |
|
2 |
U17118WB1984PTC038203 |
VAJUBHAI
INVESTMENTS PRIVATE LIMITED |
Director |
01-04-04 |
01-04-04 |
Active |
NO |
|
3 |
U17299WB2005PTC105863 |
SANATHAN
TEXTILES PRIVATE LIMITED |
Director |
10-10-05 |
10-10-05 |
Active |
NO |
|
4 |
U17299WB2006PTC108821 |
UNIVERSAL
TEXTURISERS PRIVATE LIMITED |
Director |
31-03-06 |
31-03-06 |
Active |
NO |
|
Name : |
Mr. Ajay Kumar V Dattani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
23.07.1967 |
|
Date of Appointment : |
10.10.2005 |
|
DIN No.: |
00163739 |
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 |
U17299WB2005PTC105863 |
SANATHAN
TEXTILES PRIVATE LIMITED |
Director |
10-10-05 |
10-10-05 |
Active |
NO |
|
2 |
U17299WB2006PTC108821 |
UNIVERSAL
TEXTURISERS PRIVATE LIMITED |
Director |
31-03-06 |
31-03-06 |
Active |
NO |
|
Name : |
Mr. Vallabhdas V Dattani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
22.08.1942 |
|
Date of Appointment : |
17.04.2006 |
|
DIN No.: |
00163794 |
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 |
U17118WB1984PTC038203 |
VAJUBHAI
INVESTMENTS PRIVATE LIMITED |
Director |
28-11-84 |
28-11-84 |
Active |
NO |
|
2 |
U17219WB1987PTC043147 |
TEXCO
FIBRES PRIVATE LIMITED |
Director |
14-10-87 |
14-10-87 |
Converted
to LLP |
NO |
|
3 |
U17299WB2006PTC108821 |
UNIVERSAL
TEXTURISERS PRIVATE LIMITED |
Director |
17-04-06 |
17-04-06 |
Active |
NO |
|
4 |
U17299WB2005PTC105863 |
SANATHAN
TEXTILES PRIVATE LIMITED |
Director |
17-04-06 |
17-04-06 |
Active |
NO |
|
Name : |
Mr. Anil Kumar V dattani
|
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
20.04.1958 |
|
Date of Appointment : |
10.10.2005 |
|
DIN No.: |
00164175 |
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 |
U17219WB1987PTC043147 |
TEXCO
FIBRES PRIVATE LIMITED |
Director |
28-02-94 |
28-02-94 |
Converted
to LLP |
NO |
|
2 |
U17118WB1984PTC038203 |
VAJUBHAI
INVESTMENTS PRIVATE LIMITED |
Director |
31-12-99 |
31-12-99 |
Active |
NO |
|
3 |
U17299WB2005PTC105863 |
SANATHAN
TEXTILES PRIVATE LIMITED |
Director |
10-10-05 |
10-10-05 |
Active |
NO |
|
4 |
U17100MH1954NPL009223 |
BOMBAY
YARN MERCHANTS ASSOCIATION AND EXCHANGE LIMITED |
Director |
19-09-08 |
19-09-08 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
No. of Shares |
|
Ajay Kumar V Dattani |
3274650 |
|
Anil Kumar V Dattani |
1321950 |
|
Dinesh Kumar V Dattani |
3313800 |
|
Paresh Kumar V Dattani |
3752100 |
|
Vajubhai Investment Private Limited, India |
3000 |
|
Texco Fibres Private Limited, India |
3000 |
|
Vallabhdas Dattani (HUF) |
3000 |
|
Sonaali Dattani |
3000 |
|
Dinesh Kumar V Dattani (HUF) |
3000 |
|
Geeta Dattani |
1500 |
|
Samir Dattani |
1500 |
|
Sweta Dattani |
1500 |
|
Jayshree Dattani |
1500 |
|
Jyotsna Dattani |
3000 |
|
Vallabhdas Dattani |
3000 |
|
Anil Kumar Dattani |
3000 |
|
Paresh Kumar Dattani HUF |
3000 |
|
Beena Dattani |
45000 |
|
Total |
11740500 |
AS ON 09.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
0.05 |
|
Directors or relatives of Directors |
99.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Textile Yarn |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
MT / Kg. |
200000 |
27000 |
24357357.245 |
|
Twist Yarn |
Kg. |
-- |
-- |
3006036.61 |
|
Polyester Oriented Yarn |
MT/ Kg. |
190000 |
28000 |
36731871.467 |
|
F.D.Y |
MT/ Kg. |
90000 |
8000 |
|
|
Cotton Yarn |
MT/ Kg. |
9600 |
4800 |
3736132.052 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Landes Bank Baden – Wurttemberg, Am Hauptbahnof
2, Stuttgart-70173, Germany ·
Bank of Baroda, Craford Market; Mumbai,
Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K Dattani and Company Chartered Accountants |
|
Address : |
37A, |
|
Pan No.: |
AAEFK2583L |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11740500 |
Equity Shares |
Rs.10/- each |
Rs. 117.405
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 |
117.405 |
117.405 |
117.405 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
859.440 |
536.623 |
406.471 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
976.845 |
654.028 |
523.876 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1945.803 |
1414.597 |
1074.005 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1945.803 |
1414.597 |
1074.005 |
|
|
DEFERRED TAX LIABILITIES |
42.044 |
30.514 |
3.825 |
|
|
|
|
|
|
|
|
TOTAL |
2964.692 |
2099.139 |
1601.706 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1559.481 |
1471.510 |
1203.376 |
|
|
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 |
838.643
|
401.809
|
175.600
|
|
|
Sundry Debtors |
349.525
|
110.189
|
157.062
|
|
|
Cash & Bank Balances |
165.427
|
72.850
|
33.202
|
|
|
Other Current Assets |
330.517
|
85.310
|
70.508
|
|
|
Loans & Advances |
170.852
|
101.922
|
57.884
|
|
Total
Current Assets |
1854.964
|
772.080 |
494.256 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.499
|
34.799 |
60.781 |
|
|
Other Current Liabilities |
108.875
|
52.778
|
0.000
|
|
|
Provisions |
131.379
|
57.018
|
35.431
|
|
Total
Current Liabilities |
449.753
|
144.595 |
96.212 |
|
|
Net Current Assets |
1405.211
|
627.485
|
398.044
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.144 |
0.286 |
|
|
|
|
|
|
|
|
TOTAL |
2964.692 |
2099.139 |
1601.706 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3123.141 |
2602.268 |
|
|
|
Other Income |
|
4.663 |
1.206 |
|
|
|
TOTAL (A) |
4624.259 |
3127.804 |
2603.474 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
2362.188 |
2065.241 |
|
|
|
Manufacturing And Operating Costs |
|
245.463 |
204.253 |
|
|
|
Increase/Decrease in stock |
4000.334 |
(3.681) |
(22.226) |
|
|
|
Employment Costs |
|
41.690 |
31.268 |
|
|
|
Administrative, Selling and other Expenses |
|
66.446 |
49.044 |
|
|
|
Directors Remuneration |
|
7.200 |
3.150 |
|
|
|
Auditors Remuneration |
|
0.225 |
0.188 |
|
|
|
Loss on sale of Fixed Assets |
|
0.027 |
-- |
|
|
|
Preliminary Expenses W/off |
|
0.142 |
0.142 |
|
|
|
TOTAL (B) |
4000.334 |
2719.700 |
2331.060 |
|
|
|
[Including |
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Financial Expenses ] |
408.104 |
272.414 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
53.090 |
49.893 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
623.925 |
355.014 |
222.521 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
205.350 |
164.550 |
97.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
418.575 |
190.464 |
125.371 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
95.758 |
60.312 |
20.554 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
322.817 |
130.152 |
104.817 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
130.152 |
104.817 |
|
|
BALANCE CARRIED
TO THE B/S |
322.817 |
130.152 |
104.817 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
314.980 |
60.351 |
52.248 |
|
|
TOTAL EARNINGS |
314.980 |
60.351 |
52.248 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Manufacturing Goods |
263.093 |
35.050 |
111.720 |
|
|
|
Capital Goods |
45.202 |
107.771 |
364.018 |
|
|
TOTAL IMPORTS |
308.295 |
142.821 |
475.738 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.50 |
11.09 |
8.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.98
|
4.16 |
3.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
6.09 |
4.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.26
|
8.48 |
7.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.29 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.50
|
2.38 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.12
|
5.33 |
5.14 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U17299WB2005PTC105863 |
|
Name of the
company |
SANATHAN TEXTILES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
192 Jamunalal Bajaj Street, Kolkata – 700 007, West Bengal, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others |
|
Particular of charge
holder |
Landes Bank Baden – Wurttemberg, Am Hauptbahnof 2, Stuttgart-70173, Germany |
|
Nature of
instrument creating charge |
Deed of
Hypothecation and Loan Agreement dated 05.01.2012 executed in favour of
Landesbank Baden-Wurttemberg, Germany. |
|
Date of
instrument Creating the charge |
05.01.2012 |
|
Amount secured by
the charge |
Rs. 1090.287
Millions |
Fixed Assets:-
· Land
· Building
· Electrical Installation
· Water Softing Plant
· Air Compressor
· Office Equipments
· Hoist lift
· Air Ventilators
· Auto Conner
· Blow Room
· Ring Frames
· Telecom Equipments
· Transformer
· Cone Testing Machine
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. 50.56 |
|
|
1 |
Rs. 81.04 |
|
Euro |
1 |
Rs. 67.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.