1. Summary Information
|
|
|
Country |
|
|
Company Name |
SATKUL
ENTERPRISES LIMITED |
Principal Name 1 |
Mr. Satbirsingh Mohanjitsingh Bagga |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kulbirsingh Mohanjitsingh Bagga |
|
|
|
Registration # |
04-35510 |
|
Street Address |
M-21, New
Madhavpura Market, |
||
|
Established Date |
26.02.1999 |
SIC Code |
-- |
|
Telephone# |
91-79-25620552 / 30914735 / 26747130 |
Business Style 1 |
Trader |
|
Fax # |
91-79-25620558 |
Business Style 2 |
Welding Items |
|
Homepage |
Not
Available |
Product Name 1 |
-- |
|
# of employees |
15
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Bank of Baroda
|
|
Public Limited Corp. |
NO |
Business Period |
13 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
37,947,000 |
Current Liabilities |
13,566,000 |
|
Inventories |
34,417,000 |
Long-term Liabilities |
38,522,000 |
|
Fixed Assets |
16,106,000 |
Other Liabilities |
2,481,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
54,569,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
31,901,000 |
|
|
|
Net Worth |
33,901,000 |
|
Total Assets |
88,470,000 |
Total Liab. & Equity |
88,470,000 |
|
Total Assets (Previous Year) |
78,640,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
126,074,000 |
Net Profit |
4,247,000 |
|
Sales(Previous yr) |
122,854,000 |
Net Profit(Prev.yr) |
6,354,000 |
MIRA INFORM REPORT
|
Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SATKUL ENTERPRISES LIMITED |
|
|
|
|
Registered Office : |
M-21, New Madhavpura Market, Shahibaug Road, Ahmedabad-380004, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
26.02.1999 |
|
|
|
|
Com. Reg. No.: |
04-35510 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.2.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U27209GJ1999PLC035510 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS00901F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCS0453K |
|
|
|
|
Legal Form : |
Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Welding Items. |
|
|
|
|
No. of Employees: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. 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) |
|
|
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 : |
M-21, New Madhavpura Market, |
|
Tel. No.: |
91-79-25620552 /
30914735 / 26747130 |
|
Fax No.: |
91-79-25620558 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No 708,
GIDC, N H 8A, Near Bavla, Kerala – 382220, |
|
Tel. No.: |
91-2714-268439 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Satbirsingh
Mohanjitsingh Bagga |
|
Designation : |
Director |
|
Address : |
146, Azad
Society, Ambawadi, Ahmedabad – 380015, |
|
Date of Birth/Age : |
21.12.1981 |
|
Date of Appointment : |
01.01.2006 |
|
DIN No.: |
00173332 |
|
|
|
|
Name : |
Mr. Kulbirsingh
Mohanjitsingh Bagga |
|
Designation : |
Director |
|
Address : |
146, Azad
Society, Ambawadi, Ahmedabad – 380015, |
|
Date of Birth/Age : |
16.04.1983 |
|
Date of Appointment : |
01.05.2001 |
|
DIN No.: |
00173363 |
|
|
|
|
Name : |
Ms. Manpreetkaur
Mohanjitsingh Bagga |
|
Designation : |
Director |
|
Address : |
146, Azad
Society, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
11.06.1986 |
|
Date of Appointment : |
01.09.2006 |
|
DIN No.: |
00723368 |
|
|
|
|
Name : |
Mr. Mohanjitsingh
Suratsingh Bagga |
|
Designation : |
Director |
|
Address : |
146, Azad
Society, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
23.01.1956 |
|
Date of Appointment : |
17.11.2009 |
|
DIN No.: |
00173293 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Mohanjitsingh
Suratsingh Bagga |
117140 |
|
Amarjitkaur
Mohanjitsingh Bagga |
1810 |
|
Satbirsingh Mohanjitsingh
Bagga |
40510 |
|
Kulbirsingh
Mohanjitsingh Bagga |
40510 |
|
Dilipkumar Taraji
Prajapati |
10 |
|
Harsha G
Shethwala |
10 |
|
Manpreetkaur M
Bagga |
10 |
|
Total |
200000 |
As on 30.09.2011
Equity share breakup
(percentage of total equity)
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Welding Items. |
|
|
|
|
Products : |
·
Welding
Consumables ·
Cables
of ·
Gas
Cutting and Welding Equipments ·
Welding
Rubber Hose Pipe |
GENERAL INFORMATION
|
No. of Employees : |
15
(Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank
of Baroda, S M Road, situated
at 42, Tapovan Society, Near Manek Baug Hall, Ahmedabad – 380015, Gujarat,
India ·
State
Bank of India, Madam Cama Road, Mumbai – 400 021, Maharashtra, India ·
State
Bank of India, Specialised Commercial Branch, Gandhidham, Ahmedabad – 380
006, Gujarat, India ·
State
Bank of India, Laghu Udhyog Branch, Opposite Gandhgram Railway Station,
Ahmedabad – 380009, Gujarat, India · Axis Bank Limited ·
HDFC Bank Limited ·
ING Vysya Bank Limited, P. B. No.4038,
Chanakya Building, Near Dinesh Hall, Off Ashram Road, Ahmedabad – 380009,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered
Accountants |
|
Address : |
313, Advait, Near
Sandesh Press, Vastrapur, Ahmedabad – 380 054, |
|
Tele. No.: |
91-79-40030043 |
|
Mobile No.: |
91-9898074280 |
|
PAN No.: |
ABIPS3412P |
|
|
|
|
Related Parties
: |
·
Shresth
Multi Metal Ind. Private Limited ·
M. S.
Weld Trade |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 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 |
2.000 |
2.000 |
0.901 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31.901 |
27.655 |
21.300 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.901 |
29.655 |
22.201 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
34.649 |
18.565 |
23.126 |
|
|
2] Unsecured Loans |
3.873 |
8.689 |
6.130 |
|
|
TOTAL BORROWING |
38.522 |
27.254 |
29.256 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
72.423 |
56.909 |
51.457 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.106 |
7.251 |
4.391 |
|
|
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 |
34.417
|
36.676
|
29.194
|
|
|
Sundry Debtors |
25.750
|
27.113
|
21.862
|
|
|
Cash & Bank Balances |
1.845
|
1.100
|
1.456
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
10.352
|
6.500
|
4.129
|
|
Total
Current Assets |
72.364
|
71.389
|
56.641
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.540
|
15.824
|
6.196
|
|
|
Other Current Liabilities |
2.026
|
2.434
|
1.204
|
|
|
Provisions |
2.481
|
3.473
|
2.175
|
|
Total
Current Liabilities |
16.047
|
21.731
|
9.575
|
|
|
Net Current Assets |
56.317
|
49.658
|
47.066
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
72.423 |
56.909 |
51.457 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales Less Goods Return |
126.074 |
122.854 |
99.102 |
|
|
|
Other Income |
8.339 |
4.512 |
3.099 |
|
|
|
TOTAL (A) |
134.413 |
127.366 |
102.201 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases Less Goods Return |
84.208 |
87.168 |
73.293 |
|
|
|
Custom Duty |
18.462 |
18.777 |
18.194 |
|
|
|
Clearing and Forwarding Expenses |
1.868 |
1.584 |
0.758 |
|
|
|
Freight, Cartage, Octroi Expenses |
1.108 |
1.091 |
0.696 |
|
|
|
Material Testing Charges |
0.000 |
0.000 |
0.002 |
|
|
|
Sales Tax of Preceding year |
0.018 |
0.016 |
0.016 |
|
|
|
Administrative and Selling Expense |
12.860 |
11.608 |
7.762 |
|
|
|
Fringe Benefit Tax |
0.000 |
0.001 |
0.051 |
|
|
|
Increase/ Decrease in Stock |
2.259 |
(7.482) |
(8.617) |
|
|
|
TOTAL (B) |
120.783 |
112.763 |
92.155 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.630 |
14.603 |
10.046 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.172 |
3.977 |
3.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.458 |
10.626 |
6.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.852 |
0.920 |
0.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.606 |
9.706 |
5.688 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.359 |
3.352 |
2.043 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.247 |
6.354 |
3.645 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
74.709 |
77.777 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.24 |
31.77 |
40.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.16 |
4.98 |
3.57
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.24 |
2.96 |
5.74
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.47 |
12.34 |
9.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.32 |
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.61 |
1.65 |
1.75
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.51 |
3.28 |
5.92
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
-- |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
The Register Office of the company has been shifted from 146, Azad
Soceity, Ambawadi, Ahmedabad-380015, Gujarat, India to present address.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27209GJ1999PLC035510 |
|
Name of the company |
SATKUL ENTERPRISES LIMITED |
|
Address of the registered office or of the
principal place of business in |
M-21, New Madhavpura Market, Shahibaug
Road, Ahmadabad - 380004, Gujarat, India E-mail : gshethwala@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10308290 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
ING Vysya Bank Limited, P. B. No.4038, Chanakya Building, Near Dinesh Hall, Off Ashram Road, Ahmedabad – 380009, Gujarat, India E-mail : roc.charge@gmail.com |
|
Nature of instrument creating charge |
Mortgage by deposit of title deeds. |
|
Date of instrument Creating the charge |
25.09.2011 |
|
Amount secured by the charge |
Rs.50.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest No Change Terms
of repayment No Change Margin No Change Extent
and operation of the charge First charge on the immovable property of
the company. |
|
Short particulars of the property charged
(Including location of the property) |
House property admeasuring about 132.80
sq. yards bearing Mun. Census No.661-3 and 661-6 with marginal space on front
and rear side along with Room at back side situated on permanent leasehold
land bearing Sy No.318-9 admeasuring 574 sq yards of Mouje Dariyapur-Kajipur
Taluka City ,Ahmedadad District |
|
Particulars of the present modification |
There is no change in the limit of
Rs.50.000 Millions. The limit has been additionally secured by the immovable
property of the company. All other terms and conditions are remain
same. |
FIXED ASSETS
·
Motor Cars
·
Office Equipments
·
·
Packing Machines
·
Trolley
·
Water Purifier
·
Computer
·
Furniture and Fixtures
·
Scooter and Bike
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.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.