|
Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
EDGETECH AIR SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51/14, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation0020: |
28.01.2005 |
|
|
|
|
Com. Reg. No.: |
55-132505 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.292 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29192DL2005PTC132505 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE03544C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE4164E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of
Air-Conditioning Equipment Parts. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track.
Profitability appears to be low. However, trade relation arte reported as fair. Business is active.
Payments are reported to be usually correct. 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Long Term Rating |
BB |
|
Rating Explanation |
Moderate risk of credit |
|
Date |
13.07.2012 |
|
Rating Agency Name |
CARE |
|
Short Term Rating |
BB |
|
Rating Explanation |
Moderate risk of credit |
|
Date |
13.07.2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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/ Corporate Office : |
51/14, Swarn Park, Udyog Nagar, Mundka, Delhi – 110041, India |
|
Tel. No.: |
91-11-28344270-72 |
|
Mobile No.: |
91-9910262709
(Mr. Ram Prem Goel) 91-9810375873
(Mr. Amit Goel) |
|
Fax No.: |
91-11-28344935 |
|
E-Mail : |
sales
@edgetech-air.com |
|
Website : |
|
|
|
|
|
Factory : |
Khasra No.85/5, 6/1, 45 Km Stone, Village Rohad, Bye Pas Near Iup
Jindal, Bahadurgarh – 124507, Haryana, India |
|
|
|
|
Branch Office : |
Located at: · Bangalore · Mumbai |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Ram Prem Goel |
|
Designation : |
Chairman and
Managing Director |
|
Address : |
UP-14,
Maurya Enclanve, Pitam Pura, Delhi - 110088, India |
|
Date of Birth/Age : |
01.01.1948 |
|
Date of Appointment : |
28.01.2005 |
|
DIN No.: |
00164976 |
|
|
|
|
Name : |
Mr. Amit Goel |
|
Designation : |
Managing Director
|
|
Address : |
UP-14,
Maurya Enclanve, Pitam Pura , Delhi- 110088 |
|
Date of Birth/Age : |
05.01.1974 |
|
Date of Appointment : |
28.01.2005 |
|
DIN No.: |
00164911 |
KEY EXECUTIVES
|
Name : |
Mr. Hari Rao |
|
Designation : |
Vice President Sales and Operations |
|
Mobile No.: |
91-9844048244 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Rajiv Mathur |
|
Designation : |
All India Head
Marketing and Sales |
|
Mobile No.: |
91-9910998484 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Ramakant V. Phalak |
|
Designation : |
GM-Sales West |
|
Mobile No.: |
91-9987575309 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Praveen Bhardwaj |
|
Designation : |
Manager Sales |
|
Mobile No.: |
91-9910262714 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Manish Chandra |
|
Designation : |
Manager Design
and Planning |
|
Mobile No.: |
91-9910998489 |
|
Email : |
|
|
|
|
|
Name : |
Mr. R. Saravana Selvan |
|
Designation : |
AGM (Works) |
|
Mobile No.: |
91-9910998488 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ram Prem Goel |
|
438100 |
|
Amit Goel |
|
420000 |
|
Amit Goel (HUF) |
|
100 |
|
Sushila Devi Goel |
|
100 |
|
Shweta Goel |
|
100 |
|
Mukesh Chand Goel |
|
50000 |
|
Ram Prem Goel
(HUF) |
|
100 |
|
Umesh Goel |
|
20000 |
|
Santosh Bansal |
|
100 |
|
Renu Gudta |
|
100 |
|
Suresh Kumar
Gudta (HUF) |
|
100 |
|
Sureh Kumar Gupta
|
|
100 |
|
Vihal Bansal |
|
100 |
|
Sudhir Kumar
Bansal |
|
100 |
(AS ON 31.01.2012)
|
Names of Allotment |
|
No. of Shares
Allotted |
|
|
|
|
|
Amit Goel |
|
250000 |
|
Ram Prem Goel |
|
250000 |
|
Jain Kumar Gupta |
|
100 |
|
|
|
|
|
Total |
|
500100 |
(AS ON 03.05.2012)
|
Names of Allotment |
|
No. of Shares
Allotted |
|
|
|
|
|
Umesh Goel |
|
12500 |
|
Ratan Lal
Gupta |
|
100 |
|
|
|
|
|
Total |
|
12600 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of
Air-Conditioning Equipment Parts. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Air Handling Units |
No. |
NA |
NA |
2816 |
|
Fan Coil Units |
No. |
NA |
NA |
2616 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Canara Bank SSI Branch,
Wazirpur, Delhi – 110052, India · Union Bank · ICICI Bank ·
|
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Parnami and
Associates Chartered
Accountant |
|
Address : |
39/2070, Naiwala,
Karol Bagh, New Delhi – 110005, India |
|
PAN No.: |
AADPP7017K |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1441900 |
Equity Shares |
Rs.10/- each |
Rs.14.419
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
929200 |
Equity Shares |
Rs.10/- each |
Rs.9.292
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 |
9.292 |
4.292 |
3.092 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
32.319 |
21.252 |
14.328 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
41.611 |
25.544 |
17.420 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.603 |
56.714 |
48.992 |
|
|
2] Unsecured Loans |
20.007 |
13.325 |
11.223 |
|
|
TOTAL BORROWING |
80.610 |
70.039 |
60.215 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
122.221 |
95.583 |
77.635 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.499 |
15.854 |
12.779 |
|
|
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 |
55.672
|
35.238 |
21.182 |
|
|
Sundry Debtors |
112.213
|
94.777 |
58.707 |
|
|
Cash & Bank Balances |
4.168
|
1.432 |
0.676 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.727
|
5.493 |
11.964 |
|
Total
Current Assets |
192.780
|
136.940 |
92.529 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
70.990
|
44.488 |
16.238 |
|
|
Other Current Liabilities |
16.292
|
10.157 |
4.474 |
|
|
Provisions |
2.850
|
2.600 |
7.000 |
|
Total
Current Liabilities |
90.132
|
57.245 |
27.712 |
|
|
Net Current Assets |
102.648
|
79.695 |
64.817 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.074 |
0.034 |
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
122.221 |
95.583 |
77.635 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
401.605 |
305.187 |
238.708 |
|
|
|
Other Income |
5.215 |
0.418 |
0.256 |
|
|
|
TOTAL (A) |
406.820 |
305.605 |
238.964 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
288.216 |
219.664 |
159.118 |
|
|
|
Excise Duty Paid |
30.002 |
22.348 |
24.385 |
|
|
|
Manufacturing Expenses |
16.016 |
11.467 |
7.504 |
|
|
|
Employees Remuneration and Other Benefit |
30.573 |
23.035 |
21.395 |
|
|
|
Selling Expenses |
8.926 |
2.401 |
3.434 |
|
|
|
Other Expenses |
11.387 |
9.043 |
7.567 |
|
|
|
Preliminary Expenses Written Off |
0.017 |
0.006 |
0.006 |
|
|
|
TOTAL (B) |
385.137 |
287.964 |
223.409 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.683 |
17.641 |
15.555 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.687 |
6.243 |
7.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.996 |
11.398 |
8.342 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.002 |
2.848 |
2.808 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.994 |
8.550 |
5.534 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.927 |
2.826 |
2.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.067 |
5.724 |
3.416 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.050 |
13.326 |
9.910 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
25.117 |
19.050 |
13.326 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
39.121 |
0.437 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials/ Trading Goods |
38.858 |
9.053 |
1.256 |
|
|
|
Stores & Spares |
0.000 |
0.093 |
3.147 |
|
|
TOTAL IMPORTS |
38.858 |
9.146 |
4.403 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.53 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.49
|
1.87 |
1.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.24
|
2.80 |
2.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.24
|
5.60 |
5.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.33 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.10
|
4.98 |
5.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.10
|
2.39 |
3.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of
Proprietor/Partner/Director, if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
No |
FINANCIAL RESULTS:
The company has earned profit of Rs.8.994
Millions (before provision of taxation) during the year ended 31t March, 2011.
CONTINGENT LIABILITIES
NOT PROVIDED FOR IN RESPECT OF :
a) Letter of credit issued by bank on behalf of company Rs.9.529
Millions (Rs.1.996 Millions)
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U29192DL2005PTC132505 |
|
Name of the
company |
EDGETECH AIR
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
51/14, Swarn
Park, Udyog Nagar, Mundka, Delhi – 110041, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Union Bank of
India Mundka Branch,
72, Near Swarn Park, Rohtak Main Road, Mundka, New Delhi – 110041, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
03/05/2011 |
|
Amount secured by
the charge |
Rs.140.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest N.A. Terms of
Repayment N.A. Margin N.A. Extent and
Operation of the charge 100 percent. Others The said charge
is mortgage to collaterally secure following credit facilities granted by the
Bank to the company:- 1. Cash Credit
(Hyp.) - Rs.70.000
Millions 2. Term Loan - Rs.50.000
Millions 3. Non Fund /
Bill Discounting - Rs.20.000 Millions W/w Bank Guarantee - (Rs.5.000 Millions) Bill Discounting - (Rs.5.000 Millions) Total - Rs.140.000 Millions |
|
Short particulars
of the property charged |
Equitable
mortgage by deposit of title deeds in respect of immovable property of the
company being Khewat No.110 Min. Khata 127 Min, Killa 85/7(7-12), 85/6 (7-8)
northern, Village Rohad, Tehsil
Bahadurgarh, District Jhajjar, Haryana measuring 15 Kanal together with all
building superstructure fixed machinery & plant fixture and fittings
thereat. |
FIXED ASSETS:
· Furniture and Fixture
· Electricity Fittings
· Car
· Scooter
· Plant and Machinery
· Die and Tools
· Crane
· Generator
· Office Equipment
· Photostat Machine
· Air Conditioner
· Computer
· Land
· Building Under Construction
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.55.95 |
|
|
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
41 |
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.