1. Summary Information
|
Reference
# |
135-312511-01-020(20120203808) |
Country |
India |
|
Company Name |
XMOLD POLYMERS PRIVATE LIMITED |
Principal Name 1 |
Mr. P. Subramanian |
|
Status |
Moderate |
Principal Name 2 |
Mr. S. Srinivasan |
|
Our Reference # |
168612 |
Registration # |
18-19537 |
|
Street Address |
F-89, SIPCOT Industrial Complex, Gummidipoondi, Chennai – 601 201,
Tamilnadu |
||
|
Established Date |
21.08.1990 |
SIC Code |
-- |
|
Telephone# |
91-44-27922797 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-27921358 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Polymer Compounds |
|
|
# of employees |
71 [Approximately] |
Product Name 2 |
Plastic Master Batches |
|
Paid up capital |
Rs.13,003,000/-
|
Product Name 3 |
Poly Carbonate Compounds |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
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 |
68,279,000 |
Current Liabilities |
34,302,000 |
|
Inventories |
5,316,000 |
Long-term Liabilities |
90,457,000 |
|
Fixed Assets |
94,129,000 |
Other Liabilities |
7,806,000 |
|
Deferred Assets |
000 |
Total Liabilities |
132,565,000 |
|
Invest& other Assets |
200,000 |
Retained Earnings |
22,356,000 |
|
|
|
Net Worth |
35,359,000 |
|
Total Assets |
167,924,000 |
Total Liab. & Equity |
165,924,000 |
|
Total Assets (Previous Year) |
158,737,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
161,255,000 |
Net Profit |
4,988,000 |
|
Sales(Previous yr) |
155,672,000 |
Net Profit(Prev.yr) |
(449,000) |
MIRA
INFORM REPORT
|
Report Date : |
08.02.2012 |
|
|
|
|
Tel. No.: |
91-4119-222797 |
|
Fax No.: |
91-4119-222797 |
|
E-Mail : |
|
|
Website: |
IDENTIFICATION DETAILS
|
Name : |
XMOLD POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-89, SIPCOT Industrial Complex, Gummidipoondi, Chennai – 601 201,
Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
21.08.1990 |
|
|
|
|
Com. Reg. No.: |
18-19537 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.003
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209TN1990PTC019537 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEX02003B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Polymer Compounds. |
|
|
|
|
No. of Employees
: |
71 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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. Rajesh |
|
Designation : |
Accountant |
LOCATIONS
|
Registered Office / Factory 1 : |
F-89, SIPCOT Industrial Complex, Gummidipoondi, Chennai-601201,
Tamilnadu, India |
|
Tel. No.: |
91-44-27922797/27922119/26549501 |
|
Fax No.: |
91-44-27921358/26549503 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Injection Moulding Division, A-13-E/S1, SIPCOT Industrial Complex,
Gummidipoondi-601201, Tamilnadu, India |
|
Tel. No.: |
91-44-27922119 |
|
Fax No.: |
91-44-27921358 |
|
Email: |
|
|
|
|
|
Corporate Office : |
264/4, Anbu Colony, Anna Nagar West,
Chennai-600040, Tamilnadu, India |
|
Tel. No.: |
91-44-26181452 / 26184401 |
|
Fax No.: |
91- 44- 26185053 |
|
E-Mail : |
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|
|
|
|
Branch Office : |
Located At: ·
Pune ( Area : 700 Sq.
ft. and Location : Rented) ·
·
·
·
Pondichery ·
Hyderabad |
DIRECTORS
As on 29.08.2011
|
Name : |
Mr. S. Srinivasan |
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|
Designation : |
Director |
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|
Address : |
W 122, Sector ‘B’, 4th Street, Anna Nagar, West Extension,
Chennai – 600 101, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.03.1955 |
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Date of Appointment : |
19.11.1990 |
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Din No.: |
01294302 |
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|
Other Directorship:
|
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|
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|
Name : |
Mr. P. Subramanian |
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|
Designation : |
Director |
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|
Address : |
Plot No. 6, First Street, Arudhra Street, T. S. Krishna Nagar, Chennai- 600 050, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.03.1954 |
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|
Date of Appointment : |
24.09.1994 |
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Din No.: |
00201292 |
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Other Directorship:
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|
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|
Name : |
Mr. K Ramamurthy |
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|
Designation : |
Director |
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|
Address : |
New No. 7 (Old No. 10), Dr. Vasudeve Nagar, Thiruvanmiyur, Chennai –
600 041, |
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Date of Birth/Age : |
15.10.1938 |
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Date of Appointment : |
24.06.2004 |
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Din No.: |
01045127 |
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Name : |
Mr. Sridhar Jagannathan |
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|
Designation : |
Director |
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|
Address : |
Flat No. 2, A Lavanya Court, D-98, 6th Street, Annanagar
East, Chennai-600040, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
07.08.1962 |
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Date of Appointment : |
28.11.2009 |
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Din No.: |
01488193 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
S. Srinivasan |
|
685540 |
|
S. Kulavilakku |
|
126700 |
|
L. Sulochana |
|
116300 |
|
G. Natarajan |
|
19000 |
|
R. Jayanthi |
|
43500 |
|
Anbuselvi |
|
180 |
|
P. Subramanian |
|
34550 |
|
S. Santhi |
|
33000 |
|
M. Nathan |
|
500 |
|
V. Lakshmi |
|
66020 |
|
C. Arundhathi |
|
33830 |
|
K. Vandana |
|
10000 |
|
J. Muthukumar |
|
10000 |
|
M. Anuradha |
|
10000 |
|
S. Punitha |
|
62571 |
|
Sridhar Jagannathan |
|
65142 |
|
V. Ramachandran |
|
40000 |
|
V. Jayakrishnan |
|
10 |
|
AP Kumarswamy |
|
10 |
|
Janani Sudarshan |
|
4600 |
|
Sudharshan G. Chary and Janani Sudharshan |
|
1000 |
|
G. Chary and Rama Gopal |
|
1400 |
|
Sridharan G. Chary and Rama Gopal |
|
3000 |
|
Rama Gopal and Gopal Chary |
|
2000 |
|
|
|
|
|
Total |
|
1368853 |
As on 29.08.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polymer Compounds. |
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|
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|
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|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
Qty.
in MT |
|
Installed Capacity Plant 1 |
9000.00 |
|
Production Plant 1 |
1657.27 |
|
Production Plant 2 |
34.59 |
GENERAL INFORMATION
|
No. of Employees : |
71 [Approximately] |
||||||||||||||||||||||||||||||||||||
|
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|
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Bankers : |
Bank of Baroda, No. 52, |
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|
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Sivasubramanian and Rao Chartered Accountants |
|
Address : |
Flat D-2, Third Floor, B Block, Parsn Paradise, 109, G.N. Chetty Road,
T. Nagar, Chennai-600017, Tamilnadu, India |
|
Pan No.: |
AAPFS1762A |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1300263 |
Equity Shares |
Rs.10/- each |
Rs.13.003
Millions |
As on 29.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1368853 |
Equity Shares |
Rs.10/- each |
Rs.13.689
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 |
13.003 |
6.425 |
6.426 |
|
|
2] Share Application Money |
0.000 |
10.600 |
0.000 |
|
|
3] Reserves & Surplus |
22.356 |
11.442 |
17.964 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.359 |
28.467 |
24.390 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
82.796 |
72.060 |
52.725 |
|
|
2] Unsecured Loans |
7.661 |
13.153 |
4.378 |
|
|
TOTAL BORROWING |
90.457 |
85.213 |
57.103 |
|
|
DEFERRED TAX LIABILITIES |
0.253 |
4.753 |
4.467 |
|
|
|
|
|
|
|
|
TOTAL |
126.069 |
118.433 |
85.960 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
94.129 |
96.621 |
52.819 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.200 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.316
|
7.393 |
16.448
|
|
|
Sundry Debtors |
49.018
|
40.558 |
49.471
|
|
|
Cash & Bank Balances |
2.635
|
1.551 |
2.940
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
16.626
|
12.414 |
22.142
|
|
Total
Current Assets |
73.595
|
61.916 |
91.001 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.302
|
32.751 |
50.671
|
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000
|
|
|
Provisions |
7.553
|
7.553 |
7.389
|
|
Total
Current Liabilities |
41.855
|
40.304 |
58.060
|
|
|
Net Current Assets |
31.740
|
21.612 |
32.941
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
126.069 |
118.433 |
85.960 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
161.255 |
155.672 |
169.345 |
|
|
|
Other Income |
0.699 |
1.789 |
0.511 |
|
|
|
TOTAL (A) |
161.954 |
157.461 |
169.856 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
143.503 |
154.444 |
157.865 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
143.503 |
154.444 |
157.865 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.451 |
3.017 |
11.991 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.428 |
8.925 |
6.252 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.023 |
(5.908) |
5.739 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.535 |
3.465 |
2.229 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
0.488 |
(9.373) |
3.510 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(4.500) |
0.449 |
2.564 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
4.988 |
(9.822) |
0.946 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.313 |
0.792 |
0.001 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.84 |
(15.29) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
3.07
|
(6.23) |
0.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.30
|
(6.02) |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.29
|
(5.91) |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.33) |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
4.41 |
4.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
1.54 |
1.57 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONAL
PERFORMANCE:
The first half of the year was having a sluggish demand mainly from the
Auto Sector which was recovered in the second half of the year. The business in
other segments was also recovered in the second half of the year.
The management has taken all steps which has resulted in a significant
improvement in the gross margins. While the power availability was short and
the cost of power was going up, the company has taken many steps to contain the
increases.
INDUSTRY OUTLOOK:
The Auto industry is poised to have a phenomenal growth during this year
and next year inspite of the fact that the recovery is still slower in the
other parts of the world. The other segments of the business is growing at a
constant rate and ware sure to increase their dependence on other segments of
the business like Communication, Electronics White Goods Industries, etc.
PROSPECT AND
DEVELOPMENTS:
The company has stepped in to new series of Polymer Compounds for the
Auto Industry and will get the products through with the customer by the second
half of the financial year.
Alternate formulations were developed to meet the quality, cost and
reliability expectation of the OEM’s which has resulted in the improvement of
the margins.
BUSINESS OUTLOOK AND OVERVIEW:
With the multi pronged strategy adopted by the company is confident that
both revenues and contributions would substantially increase in the years to
come. The company is planning to double its turnover during the next three
years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U25209TN1990PTC019537 |
|
Name of the
company |
XMOLD POLYMERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
F-89, SIPCOT Industrial Complex, Gummidipoondi, Chennai-601201,
Tamilnadu, India |
|
Type of charge |
Book Debts Movable Property [not
being pledge] Immovable
Property Others |
|
Particular of
charge holder |
Bank of Baroda, No. 52, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation for
stocks, Book Debts Hypothecation of
Plant and Machinery Extension of
Equitable Mortgage |
|
Date of
instrument Creating the charge |
01.06.2011 |
|
Amount secured by
the charge |
Rs.5.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 6.25% Terms of
Repayment Payable on demand
at Choolaimedu branch Margin 25% on stock and
book debts |
|
Short particulars
of the property charged |
Stocks, book
debts and plant and machinery located at F-89, SIPCOT Industrial Complex,
Gummudipoondi |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Laboratory Equipments
·
Furniture
·
Vehicle
·
Office Equipment
·
Computer
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.49.82 |
|
|
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.64.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
2 |
|
--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 |
|
29 |
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.