MIRA INFORM REPORT
|
Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BURDWAN IRON AND STEEL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.12.1994 |
|
|
|
|
Com. Reg. No.: |
21-066604 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 53.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209WB1994PTC066604 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB07665A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Iron and Steel. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 620000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financials i.e. 2011-12 are missing from the government department from the
available of financials 2011. It seems that the profitability of the company
appears to be low. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
25, |
|
Tel. No.: |
91-33-22111484 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Raj Kumar Kedia |
|
Designation : |
Director |
|
Address : |
4/5, |
|
Date of Birth/Age : |
19.05.1970 |
|
Date of Appointment : |
07.03.2003 |
|
PAN No.: |
AFNPK5336H |
|
DIN No.: |
00248629 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27209WB1994PTC066604 |
BURDWAN
IRON AND STEEL COMPANY PRIVATE LIMITED |
Director |
07/03/2003 |
07/03/2003 |
- |
Active |
NO |
|
2 |
U51909WB2006PLC111597 |
CONCAST
VYAPAAR LIMITED |
Director |
11/08/2007 |
11/08/2007 |
31/03/2011 |
Active |
NO |
|
3 |
U27310WB2007PLC118140 |
CONCAST
SHEETS AND TUBES LIMITED |
Director |
28/08/2007 |
28/08/2007 |
27/12/2011 |
Active |
NO |
|
4 |
U51909WB2007PTC118553 |
SODEPUR
COMMERCIAL PRIVATE LIMITED |
Director |
12/09/2007 |
12/09/2007 |
15/12/2011 |
Active |
NO |
|
5 |
U51103WB2011PTC158382 |
CONCAST
CEMENT PRIVATE LIMITED |
Director |
02/02/2011 |
02/02/2011 |
20/12/2011 |
Active |
NO |
|
Name : |
Mr. Mahendra Kumar Sangai |
|
Designation : |
Director |
|
Address : |
120/1, Ram Krishnapur Lane, Lokenath Apartment, Shibpur Howrah-711102,
West Bengal, India |
|
Date of Birth/Age : |
01.01.1964 |
|
Date of Appointment : |
05.12.2011 |
|
DIN No.: |
05136814 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27209WB1994PTC066604 |
BURDWAN
IRON AND STEEL COMPANY PRIVATE LIMITED |
Director |
29/09/2012 |
05/12/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Lunkaran Sureka |
18,892 |
|
Raj Kumar Kedia |
6,852 |
|
Bimla Rani Sureka |
57,200 |
|
Sajjan Kumar Saraf |
10,000 |
|
Sureka Wires Private Limited, |
10,000 |
|
Anup Jain |
11,760 |
|
Suvidha Infotech Com Services Private Limited,
|
43,330 |
|
Vedant Vinimoy Private Limited,
|
43,330 |
|
Agro Food Projects Limited, |
43,930 |
|
Ace Flora Tech Limited, |
23,926 |
|
IMT Sales Agencies Private Limited,
|
8,500 |
|
Ritu Viniyog and Traders Private Limited,
|
51,650 |
|
Payagroup Vyapaar Private Limited,
|
3,330 |
|
Alpha Tie Up Private Limited, |
3,330 |
|
Agri Business Industries Limited, |
3,330 |
|
BBR Developments Private Limited,
|
3,330 |
|
Eurolink Exports Private Limited,
|
1,660 |
|
Lokvani Commercials Private Limited,
|
3,330 |
|
Naviplast Suppliers Private Limited,
|
660 |
|
Ajitnath Trexim Private Limited,
|
5,000 |
|
Alka Lefin Private Limited, |
3,000 |
|
Axiom Tie Up Private Limited, |
5,000 |
|
Bajrangbal! Vinimoy Private Limited,
|
2,000 |
|
Gurukul Properties Private Limited,
|
4,100 |
|
Kalimpong Vyapaar Private Limited,
|
2,000 |
|
Maa Jagdamba Nirman Private Limited,
|
4,000 |
|
Medhavi Goods Private Limited, |
9,200 |
|
Mohini Dealings Private Limited,
India |
1,800 |
|
Netikta Vyapaar Private Limited,
|
6,000 |
|
Tanisha Vyapaar Private Limited,
|
6,000 |
|
Alex Polymers Private Limited, |
8,000 |
|
Alokananda Vinimay Private Limited,
|
8,000 |
|
Basukinath Vyanijya Private Limited,
|
3,000 |
|
Evergreen Barter Private Limited,
|
8,000 |
|
JPS Enterprises Private Limited,
India |
2,800 |
|
Padam Prabfiu Distributors Private Limited,
|
2,000 |
|
Rajgharana Properties Private Limited,
India |
2,000 |
|
Sanmati Commodities Private Limited,
|
2,000 |
|
Tayal Vinimay Private Limited, |
2,000 |
|
S G Strips Limited, |
5,860 |
|
TIF (Castings) Limited, |
5,900 |
|
CMG Ductiles Limited, |
4,000 |
|
Fantom Commercials Private Limited,
|
5,000 |
|
Gurukul Commercial Private Limited,
|
10,000 |
|
Maa Ambey Tradelink Private Limited,
|
32,000 |
|
Vaikijnth Vintrade Private Limited,
|
18,000 |
|
Pabla Leasing and Finance Private Limited,
|
15,000 |
|
TOTAL
|
530,000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
80.24 |
|
Directors or relatives of Directors |
1.29 |
|
Other top fifty shareholders |
18.47 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Iron and Steel. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
M S Ingot |
MT |
50000 |
50000 |
42187.130 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
State Bank of |
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
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|||||||||||||||||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Jain and Associates Chartered Accountants |
|
Address : |
Mercantile Building, 9/12, |
|
Tel. No.: |
91-33-22484936/ 22135583 |
|
Fax No.: |
91-33-22135583 |
|
PAN No.: |
AAGFM9405R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.100/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
530000 |
Equity Shares |
Rs.100/-
each |
Rs. 53.000
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 |
53.000 |
53.000 |
45.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
40.000 |
|
|
3] Reserves & Surplus |
102.305 |
100.775 |
68.351 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
155.305 |
153.775 |
153.351 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
105.557 |
107.930 |
117.439 |
|
|
2] Unsecured Loans |
1.850 |
1.850 |
1.846 |
|
|
TOTAL BORROWING |
107.407 |
109.780 |
119.285 |
|
|
DEFERRED TAX LIABILITIES |
4.939 |
5.022 |
1.480 |
|
|
|
|
|
|
|
|
TOTAL |
267.651 |
268.577 |
274.116 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.386 |
73.417 |
77.237 |
|
|
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 |
287.070
|
199.022
|
196.071 |
|
|
Sundry Debtors |
73.150
|
98.360
|
93.080 |
|
|
Cash & Bank Balances |
11.998
|
14.615
|
12.423 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
12.176
|
27.978
|
15.979 |
|
Total
Current Assets |
384.394
|
339.975 |
317.553 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
180.957
|
137.348
|
116.157 |
|
|
Other Current Liabilities |
0.648
|
6.570
|
4.130 |
|
|
Provisions |
1.554
|
0.937
|
0.412 |
|
Total
Current Liabilities |
183.159
|
144.855 |
120.699 |
|
|
Net Current Assets |
201.235
|
195.120
|
196.854 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.030 |
0.040 |
0.025 |
|
|
|
|
|
|
|
|
TOTAL |
267.651 |
268.577 |
274.116 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2036.357 |
2160.937 |
2122.445 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2033.092 |
2157.782 |
2119.385 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3.265 |
3.155 |
3.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.617 |
0.565 |
0.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.648 |
2.590 |
2.621 |
|
|
|
|
|
|
|
|
|
Add |
MAT Credit
entitlements |
|
|
|
|
|
|
For Earlier Year |
0.000 |
2.251 |
0.000 |
|
|
|
For Current Year |
(0.160) |
0.315 |
0.000 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Provision for Deferred Tax |
0.083 |
(3.542) |
0.059 |
|
|
|
|
|
|
|
|
|
|
Surplus during
the year |
2.571 |
1.614 |
2.680 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.449) |
(3.063) |
(5.743) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.122 |
(1.449) |
(3.063) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.85 |
3.50 |
5.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.13
|
0.12
|
0.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.72
|
0.76
|
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.90
|
1.69
|
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.35
|
2.63 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The company changed its registered office from 9, India Exchange Place,
6th Floor, Hare Street, Kolkata – 700 001, West Bengal, India to 21,
Hemant Basu Sarani, 5th Floor, Room No.511 # 512, Kolkata – 700 001,
West Bengal, India w.e.f. 01.04.2008.
The Registered Office has again shifted from to 21, Hemant Basu Sarani,
5th Floor, Room No.511 # 512, Kolkata – 700 001, West Bengal, India
to the present address 24.06.2011.
FIXED ASSETS
- Land and
Development
- Factory Shed
and Building
- Electricals
- Miscellaneous
Fixed Assets
- Furniture and
Fixture
- Office
Equipment
- Computers
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 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 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 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. 54.84 |
|
|
1 |
Rs. 88.39 |
|
Euro |
1 |
Rs. 72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.