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Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEJ TEXTILES PRIVATE LIMITED |
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Registered
Office : |
At Post Khede, Mukkam – Sutrepada, Dhule – 424302, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
05.01.2005 |
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Com. Reg. No.: |
11-150449 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U17120MH2005PTC150449 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Textile and Textile Articles. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Yet to commence business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in 2005, it is yet to commence its
commercial business activities. Payment terms are not known. The company can be considered for business dealings on a secured trade
terms and conditions. Profit and Loss account of the company is not available. |
|
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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 : |
At Post Khede, Mukkam – Sutrepada, Dhule – 424302, |
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Tel. No.: |
Not Available |
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Mobile No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 30.08.2012
|
Name : |
Mr. Kumud Virendra Bahadur |
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Designation : |
Director |
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Address : |
701 1/B, |
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Date of Birth/Age : |
28.08.1941 |
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Date of Appointment : |
05.01.2005 |
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DIN No.: |
02450648 |
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Name : |
Mr. Manoj Vinayak Thakur |
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Designation : |
Additional Director |
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Address : |
44, Telephone Colony, Deopur, Dhule – 424005, |
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Date of Birth/Age : |
10.04.1968 |
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Date of Appointment : |
28.03.2012 |
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DIN No.: |
02798067 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.08.2012
|
Names of Shareholders |
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No. of Shares |
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Mr. Pradeep Tukaram Patil |
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129100 |
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Mrs. Kumud Virendra Bahadur |
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120900 |
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Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2012
|
Category |
Percentage |
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Directors or relatives of Directors |
50.00 |
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Other top fifty shareholders |
50.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Textile and Textile Articles. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank Of ·
Axis Bank Limited, Andheri Branch, Royal
Accord IV, Lokhandwala Complex, Andheri (West), Mumbai – 400053, ·
State Bank of |
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Banking
Relations : |
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Auditors : |
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Name : |
N. Ambawat and Associates Chartered Accountants |
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Address : |
132-C, Bhagatwadi, Bhuleshwar, Office No.30, 2nd Floor,
Mumbai – 400002, |
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Tel. No.: |
91-22-65791224/ 66154195 |
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Mobile No.: |
91-9324725156/ 9323450396 |
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PAN No.: |
AABPA9113F |
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CAPITAL STRUCTURE
As on 30.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.100 |
0.100 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.100 |
0.100 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.091 |
0.075 |
0.076 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000
|
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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Cash & Bank Balances |
0.146
|
0.139 |
0.081
|
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Other Current Assets |
0.150
|
0.135 |
0.000
|
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Loans & Advances |
0.123
|
0.000 |
0.000
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Total
Current Assets |
0.419
|
0.274 |
0.081 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000 |
0.169
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Other Current Liabilities |
0.000
|
0.242 |
0.000
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Short term Borrowing |
0.400
|
0.000 |
0.000
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Provisions |
0.009
|
0.007 |
0.008 |
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Total
Current Liabilities |
0.410
|
0.249 |
0.177 |
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Net Current Assets |
0.009
|
0.025 |
(0.096) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.120 |
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TOTAL |
0.100 |
0.100 |
0.100 |
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PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.10
|
0.02
|
1.77
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Current Ratio (Current Asset/Current Liability) |
|
1.02
|
17.38
|
0.46
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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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
No |
|
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 |
Yes |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U17120MH2005PTC150449 |
|
Name of the
company |
TEJ TEXTILES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
At Post Khede,
Mukkam – Sutrepada, Dhule – 424302, Maharashtra, India E-mail: cs@samruddha.net |
|
This form is for |
Creation
of charge |
|
Type of charge |
·
Book
Debts ·
Movable
Property (not being pledge |
|
Particular of
charge holder |
State Bank Of India, SME Branch, Shivsagar Estate, Worli (South), Dr. A.B. Road, Mumbai - 400018, Maharashtra, India E-mail: kamalax_saraf@hotmail.com |
|
Nature of
instrument creating charge |
Agreement of loan
- cum - hypothecation |
|
Date of
instrument Creating the charge |
17.05.2012 |
|
Amount secured by
the charge |
Rs.7.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.25% above base
rate + 1.00% (term premium) which is presently 10.00% p.a. rising or falling
therewith, on daily products with monthly rests. Present effective rate =
14.25% p.a. Terms of
Repayment To be repaid
within 92 months including moratorium period of 11 months. The repayment at
quartery interval starting from April 2013. Details as per
schedule a of agreement of loan - cum -hypothecation Margin Term loan/
DPG : 25% Extent and
Operation of the charge Term loan: RS.
7.500 Millions Others |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
looms, compressor and other movable assets aquired out of bank finance. |
Note: Registered office of the company has been
shifted from At Post Khede, Mukkam – Sutrepada, Dhule – 424302, Maharashtra
India to the Present Address w.e.f.10.12.2008.
BUSINESS ACTIVITY
The company has not carried on any commercial activities
during the year. The management is hopeful to commence commercial activities
very soon and waiting for future opportunities.
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 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.54.86 |
|
|
1 |
Rs.88.55 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
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.