MIRA
INFORM REPORT
|
Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
SARVODAYA VIPANAN INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
297, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.06.2003 |
|
|
|
|
Com. Reg. No.: |
11-197203 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.985 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2003PTC197203 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS04799E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Organic Yield enhancers, Soil Conditioners. |
|
|
|
|
No. of Employees
: |
260 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13000 |
|
|
|
|
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 concern 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.
INFORMATION PARTED BY
|
Name : |
Mr. Murlidhar |
|
Designation : |
Accountant |
|
Contact No.: |
91-712-2552158 |
|
Date : |
19.01.2012 |
LOCATIONS
|
Registered Office : |
297, |
|
Tel. No.: |
91-712-2552158 / 78 |
|
Fax No.: |
91-712-2563174 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Brach Office : |
Located at ·
Sangli ·
Satara ·
Solapur ·
Pune ·
Mandsour ·
Nashik ·
·
·
Ahmedabad |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Milind M. Bodkhe |
|
Designation : |
Director |
|
Address : |
297, |
|
Date of Birth/Age : |
23.02.1966 |
|
Date of Appointment : |
09.06.2003 |
|
DIN No.: |
01680237 |
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 |
U80301MH1997PTC105034 |
NCS Edification Private
Limited |
Director |
10-01-97 |
10-01-97 |
- |
Active |
NO |
|
2 |
U72200MH1996PTC097522 |
Signet
Technologies Private Limited |
Director |
01-10-00 |
01-10-00 |
05-09-08 |
Active |
NO |
|
3 |
U51909MH2003PTC197203 |
Sarvodaya Vipanan
India Private Limited |
Director |
09-06-03 |
09-06-03 |
- |
Active |
NO |
|
4 |
U15137MH2009PTC190022 |
NCS Deaquatisers
Private Limited |
Whole-time
director |
01-07-09 |
02-02-09 |
- |
Active |
NO |
|
5 |
U01403MH2009PTC192952 |
NCS Crop Science
Private Limited |
Director |
03-06-09 |
03-06-09 |
- |
Active |
NO |
|
6 |
U29253MH2011PTC211982 |
NCS Irrigation
Systems Private Limited |
Director |
07-01-11 |
07-01-11 |
- |
Active |
NO |
|
7 |
U70102MH2011PTC223410 |
NCS Green Acres
Private Limited |
Director |
24-10-11 |
24-10-11 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Manohar Malani |
|
Designation : |
Director |
|
Address : |
16/3/2, Round Tank Lane, |
|
Date of Birth/Age : |
14.02.1969 |
|
Date of Appointment : |
08.06.2005 |
|
DIN No.: |
00898181 |
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 |
U72200WB1999PTC089176 |
NCS Computech
Private Limited |
Director |
09-04-99 |
09-04-99 |
Active |
NO |
|
2 |
U51909MH2003PTC197203 |
Sarvodaya
Vipanan India Private Limited |
Director |
08-06-05 |
08-06-05 |
Active |
NO |
|
3 |
U15137MH2009PTC190022 |
NCS Deaquatisers
Private Limited |
Managing
director |
01-07-09 |
01-07-09 |
Active |
NO |
|
4 |
U80301MH1997PTC105034 |
NCS Edification
Private Limited |
Director |
15-07-10 |
15-07-10 |
Active |
NO |
|
5 |
U51109WB2005PTC103548 |
Gulmohor Vanijya
Private Limited |
Director |
01-10-10 |
01-10-10 |
Active |
NO |
|
6 |
U29253MH2011PTC211982 |
NCS Irrigation
Systems Private Limited |
Director |
07-01-11 |
07-01-11 |
Active |
NO |
|
7 |
U01403MH2009PTC192952 |
NCS Crop Science
Private Limited |
Director |
10-09-11 |
10-09-11 |
Active |
NO |
|
8 |
U70102MH2011PTC223410 |
NCS Green Acres
Private Limited |
Director |
24-10-11 |
24-10-11 |
Active |
NO |
|
9 |
U51109WB2005PTC103546 |
Positive
Merchants Private Limited |
Director |
01-11-11 |
01-11-11 |
Active |
NO |
|
|
|
|
Name : |
Mr. Omprakash W. Kakde |
|
Designation : |
Director |
|
Address : |
10, Arihant Nagar, Verma Layout, |
|
Date of Birth/Age : |
31.12.1967 |
|
Date of Appointment : |
08.06.2005 |
|
DIN No.: |
01784799 |
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 |
U24230MH2000PLC128818 |
Maa Bhavani Agro
Medical And Resort Limited |
Director |
21-09-00 |
21-09-00 |
Dormant |
NO |
|
2 |
U51909MH2003PTC197203 |
Sarvodaya
Vipanan India Private Limited |
Director |
08-06-05 |
08-06-05 |
Active |
NO |
|
3 |
U13203MH2011PTC224141 |
Able and Can
Mines Private Limited |
Director |
19-11-11 |
19-11-11 |
Active |
NO |
|
|
|
|
Name : |
Mr. Pradeep Kumar Gupta |
|
Designation : |
Director |
|
Address : |
297, |
|
Date of Birth/Age : |
17.01.1964 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
01877739 |
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 |
U51909MH2003PTC197203 |
Sarvodaya
Vipanan India Private Limited |
Director |
07-12-07 |
07-12-07 |
Active |
NO |
|
2 |
U01403MH2009PTC192952 |
NCS Crop Science
Private Limited |
Director |
03-06-09 |
03-06-09 |
Active |
NO |
|
3 |
U15137MH2009PTC190022 |
NCS Deaquatisers
Private Limited |
Whole-time
director |
01-07-09 |
01-07-09 |
Active |
NO |
|
4 |
U29253MH2011PTC211982 |
NCS Irrigation Systems
Private Limited |
Director |
07-01-11 |
07-01-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Murlidhar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Milind Bodkhe |
|
15000 |
|
Manohar Malani |
|
15000 |
|
Omprakash Kakde |
|
10000 |
|
Pradeep Gupta |
|
12000 |
|
Beena Gupta |
|
12000 |
|
Positive Merchants Private Limited, |
|
34500 |
|
Total |
|
98500 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
35.03 |
|
Directors
or relatives of directors |
|
64.97 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Organic Yield enhancers, Soil Conditioners. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
maxEEma BioTech |
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Customers : |
End Users ·
Gaytri Trading Company |
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No. of Employees : |
260 (Approximately) |
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Bankers : |
State Bank of |
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Mr. Vijay P. Sapre Chartered Accountant |
|
Address : |
SS209, Swami Samarth Commercial Complex, |
|
Tel No.: |
91-712-2534703 |
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Mobile No.: |
91-9422802071 |
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E-Mail : |
|
|
PAN No.: |
AEGPS1520P |
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|
|
|
Associates/Subsidiaries : |
NCS Crop Science Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
98500 |
Equity Shares |
Rs.10/- each |
Rs.0.985
million |
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 |
0.985 |
0.985 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.377 |
2.217 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.119) |
|
|
NETWORTH |
3.362 |
3.202 |
0.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.655 |
2.164 |
2.598 |
|
|
TOTAL BORROWING |
2.655 |
2.164 |
2.598 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.017 |
5.366 |
2.979 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.615 |
1.071 |
0.445 |
|
|
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 |
1.691
|
1.293 |
0.736 |
|
|
Sundry Debtors |
9.625
|
5.985 |
2.689 |
|
|
Cash & Bank Balances |
0.644
|
0.961 |
0.824 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.422
|
0.860 |
0.438 |
|
Total
Current Assets |
14.382
|
9.099 |
4.687 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.084 |
4.186 |
2.137 |
|
|
Other Current Liabilities |
0.170
|
0.053 |
0.016 |
|
|
Provisions |
1.132
|
0.565 |
0.000 |
|
Total
Current Liabilities |
11.386
|
4.804 |
2.153 |
|
|
Net Current Assets |
2.996
|
4.295 |
2.534 |
|
|
|
|
|
|
|
|
BRANCH TRANSFERRED |
1.406 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.017 |
5.366 |
2.979 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
57.784 |
28.912 |
13.963 |
|
|
|
Other Income |
0.132 |
0.132 |
|
|
|
|
TOTAL (A) |
57.916 |
29.044 |
13.963 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
35.397 |
18.392 |
|
|
|
|
Salaries, Wages and Other Establishment Expenses |
9.084 |
3.751 |
|
|
|
|
Manufacturing, Administrative and Selling Expenses |
12.617 |
6.225 |
|
|
|
|
TOTAL (B) |
57.098 |
28.368 |
13.320 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.818 |
0.676 |
0.643 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
CHARGES (D) |
0.326 |
0.143 |
0.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.492 |
0.533 |
0.376 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.332 |
0.137 |
0.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.160 |
0.396 |
0.271 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.160 |
0.396 |
0.271 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.277 |
(0.119) |
(0.390) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.437 |
0.277 |
(0.119) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.62 |
4.02 |
5.42 |
|
Expected Sales (2011-2012) : Rs.60.000 millions
The above information has been parted by Mr. Murlidhar
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.28
|
1.36 |
1.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.28
|
1.37 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.00
|
3.89 |
5.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.12 |
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.18
|
2.18 |
12.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.89 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
|
Particulars |
As
on 31.03.2011 Rs.
in millions |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
|
Sundry Creditors : Due to SSI Units |
10.084 |
4.186 |
2.048 |
|
Due to Others |
0.000 |
0.000 |
0.089 |
|
Total |
10.084 |
4.186 |
2.137 |
|
Sr. No. |
Check List by Info Agents |
|
|
1. |
Year of Establishment |
YES |
|
2. |
Locality of the firm |
YES |
|
3. |
Constitutions of the firm |
YES |
|
4. |
Premises details |
YES |
|
5. |
Type of Business |
YES |
|
6. |
Line of Business |
YES |
|
7. |
Promoter’s background |
-- |
|
8. |
No. of employees |
YES |
|
9. |
Name of person contacted |
YES |
|
10. |
Designation of contact person |
YES |
|
11. |
Turnover of firm for last two years |
YES |
|
12. |
Profitability for last three years |
-- |
|
13. |
Reasons for variations <> 20% |
YES |
|
14. |
Estimation for coming financial year |
YES |
|
15. |
Capital in the business |
NO |
|
16. |
Details of sister concerns |
YES |
|
17. |
Major Suppliers |
YES |
|
18. |
Major Customers |
YES |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
-- |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
-- |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
NO |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
NOTE
The Registered Office of the company has been shifted from Onkar Building, Near Shivaji Status, Kothrud, Pune – 411 038, Maharashtra, India to the present address w.e.f. 22.09.2009.
TRADE REFERENCES
·
Gaytri Trading Company
·
maxEEma BioTech
FIXED ASSETS
·
Plant and Machinery
·
Furniture, Fixture and
Office Equipments
·
Computer and Peripherals
·
Vehicles
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.50.29 |
|
|
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.67 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.