1. Summary Information
|
|
|
Country |
|
|
Company Name |
FERRUM EXTREME
ENGINEERING PRIVATE LIMITED |
Principal Name 1 |
MR. RAJESH GOEL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. SATYAVIR GOEL |
|
|
|
Registration # |
55-054981 |
|
Street Address |
NO.1, DEEPALI
ENCLAVE, PITAMPURA, |
||
|
Established Date |
26.08.1993 |
SIC Code |
-- |
|
Telephone# |
NOT AVAILABLE |
Business Style 1 |
MANUFACTURER |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
REVOLVING FRAMES |
|
|
# of employees |
APPROXIMATELY
120 (IN OFFICE – 20, IN FACTORY - 100) |
Product Name 2 |
UNDER FRAMES |
|
Paid up capital |
RS.10,810,000/- |
Product Name 3 |
LINKAGE STRUCTURES |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
SYNDICATE
BANK |
|
Public Limited Corp. |
NO |
Business Period |
19 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(45) |
|
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 |
38,641,000
|
Current Liabilities |
29,290,000
|
|
Inventories |
88,563,000
|
Long-term Liabilities |
82,984,000 |
|
Fixed Assets |
50,231,000 |
Other Liabilities |
7,208,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
119,482,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
45,703,000 |
|
|
|
Net Worth |
57,953,000 |
|
Total Assets |
177,435,000 |
Total Liab. & Equity |
177,435,000 |
|
Total Assets (Previous Year) |
134,214,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
354,366,000 |
Net Profit |
9,163,000 |
|
Total Income (Previous yr) |
222,106,000 |
Net Profit(Prev.yr) |
6,448,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
FERRUM EXTREME ENGINEERING PRIVATE LIMITED (w.e.f. 01.06.2007) |
|
|
|
|
Formerly Known
As : |
RAM SWAROOP PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.1, Deepali Enclave, Pitampura, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.08.1993 |
|
|
|
|
Com. Reg. No.: |
55-054981 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.810
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC054981 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR09245F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR0037P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of fabricated structures of construction machinery. |
|
|
|
|
No. of Employees
: |
Approximately 120 (In Office – 20, In Factory - 100) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 232000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to be 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 : |
No.1, Deepali Enclave, Pitampura, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
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|
Admin Office/ Factory : |
23 A, KIADB, Industrial Area, Hoskote, |
|
Tel. No.: |
91-80-27971482/ 83 |
|
Fax No.: |
91-80-27971428 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajesh Goel |
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|
Designation : |
Director |
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Address : |
1, Deepali Enclave, Pitampura, |
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Date of Birth/Age : |
15.08.1969 |
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Date of Appointment : |
21.11.1994 |
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DIN No.: |
00394471 |
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Other Directorship :
|
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Name : |
Mr. Satyavir Goel |
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|
Designation : |
Director |
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Address : |
1, Deepali Enclave, Pitampura, |
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Date of Birth/Age : |
05.12.1965 |
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Date of Appointment : |
03.08.2004 |
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DIN No.: |
00394794 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajesh Goel |
193010 |
|
Pooja Goel |
60000 |
|
Rajesh Goel and Sons HUF |
60000 |
|
Satyavir Goel |
132190 |
|
Sunita Goel |
65000 |
|
Satyavir Goel and Sons HUF |
62500 |
|
Deep Chand Goel |
70000 |
|
Deep Chand Goel and Sons HUF |
106200 |
|
Lajpat Rai Goel and Sons HUF |
60900 |
|
Sarita Goel |
27500 |
|
Sushil Goel |
133700 |
|
Ruchi Goel |
110000 |
|
Total |
1081000 |
As on 09.03.2012
|
Names of Allottees |
No. of Shares |
|
Rajesh Goel |
10000 |
|
Pooja Goel |
15000 |
|
Rajesh Goel and Sons HUF Through Karta Rajesh Goel |
10000 |
|
Satyavir Goel |
10000 |
|
Sunita Goel |
10000 |
|
Satyavir Goel and Sons HUF Through Karta Satyavir Goel |
10000 |
|
Sushil Goel |
10000 |
|
Ruchi Goel |
10000 |
|
Sushil Goel and Sons HUF Through Karta Sushil Goel |
15000 |
|
Total |
100000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of fabricated structures of construction machinery. |
|
|
|
|
Products : |
v
Under Frames v
Revolving
Frames v
Booms v
Arms v
Buckets v
Linkage
Structures v
Pneumatic v
Roll Over Protection
Structures v
Parts for
Compactor v
Main Frame
for Dumper |
GENERAL INFORMATION
|
Customers : |
v
Volvo India Private Limited v
Kobelco Construction Equipment India Private
Limited v
Telco Construction Equipment Company Limited v
BEML Limited v
L&T Komatsu Limited v
Doosan Infracore India Private Limited |
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No. of Employees : |
Approximately 120 (In Office – 20, In Factory - 100) |
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Bankers : |
Syndicate Bank,
BWSSB Branch, No.10/1, I Floor, Rajdhooth Complex, Avenue Road Entrance, |
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Facilities
: |
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Banking
Relations : |
---- |
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Auditors : |
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|
Name : |
O.P. Goyal and Company Chartered Accountants |
|
Address : |
2481/9, |
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Mobile No.: |
91-11-28751216/ 28759152 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFO3525E |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1181000 |
Equity Shares |
Rs.10/- each |
Rs.11.810
Millions |
|
|
|
|
|
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1081000 |
Equity Shares |
Rs.10/- each |
Rs.10.810
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 |
10.810 |
10.810 |
10.810 |
|
|
2] Share Application Money |
1.440 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.703 |
37.137 |
30.870 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
57.953 |
47.947 |
41.680 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
78.319 |
63.378 |
60.000 |
|
|
2] Unsecured Loans |
4.665 |
3.750 |
3.680 |
|
|
TOTAL BORROWING |
82.984 |
67.128 |
63.680 |
|
|
DEFERRED TAX LIABILITIES |
1.073 |
0.952 |
1.076 |
|
|
|
|
|
|
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TOTAL |
142.010 |
116.027 |
106.436 |
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|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
50.231 |
47.222 |
50.277 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
88.563
|
58.983 |
40.190
|
|
|
Sundry Debtors |
27.273
|
22.814 |
17.021
|
|
|
Cash & Bank Balances |
5.318
|
1.296 |
1.204
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
6.050
|
3.899 |
7.035
|
|
Total
Current Assets |
127.204
|
86.992 |
65.450 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
26.327
|
12.254 |
5.175 |
|
|
Other Current Liabilities |
2.963
|
1.991 |
1.082 |
|
|
Provisions |
6.135
|
3.942 |
3.034
|
|
Total
Current Liabilities |
35.425
|
18.187 |
9.291 |
|
|
Net Current Assets |
91.779
|
68.805 |
56.159
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
142.010 |
116.027 |
106.436 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
354.366 |
222.106 |
183.926 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
354.366 |
222.106 |
183.926 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
332.789 |
205.842 |
169.426 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
332.789 |
205.842 |
169.426 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.577 |
16.264 |
14.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.564 |
6.845 |
7.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
14.013 |
9.418 |
7.347 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.850 |
2.970 |
2.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.163 |
6.448 |
4.976 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.48 |
5.96 |
4.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.59
|
2.90 |
2.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.90
|
7.02 |
6.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.20 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.04
|
1.78 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.59
|
4.78 |
7.04 |
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 |
Yes |
|
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 |
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 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1993PTC054981 |
|
Name of the
company |
FERRUM EXTREME ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.1, Deepali Enclave, Pitampura, E-Mail: agrahari12@rediffmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Movable Property
(not being pledge) |
|
Particular of
charge holder |
Syndicate Bank,
BWSSB Branch, No.10/1, I Floor, Rajdhooth Complex, Avenue Road Entrance, E-Mail: mallyashenoy@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Agreement Second /
Subsequent Equitable Mortgage Agreement |
|
Date of
instrument Creating the charge |
11.05.2012 |
|
Amount secured by
the charge |
Rs.28.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: BR + 3.00% p.a. Presently at 13.50% Terms of
Repayment: Repayable in 72
monthly installments of Rs.0.388 million each Repayment holiday
is 12 months Margin: 20.67% for
Machinery 30% for Building Extent and
Operation of the charge: Term Loan of
Rs.28.000 millions - Repayable in 72 monthly installments of Rs.0.388 million
each |
|
Short particulars
of the property charged |
Hypothecation of
all kinds of Plant and Machinery, Electrical Fittings to be acquired at cost
of Rs.8.622 millions. REM of Land and Building
at Plot No.24A, KIADB Industrial Area, Sy No.85 of Chokkahally Village,
Kasaba Hobli, Hoskote, Bangalore District.
The Land is measuring 3800 sq. mtrs.
Cost of the land - Rs.20.500 millions. Construction of Hypothecation of
Existing Plant and Machineries valued at Rs.36.257 millions and Existing UREM
of Factory Land and Building at 23A, KIADB Industrial Area, Sy No.85 of
Chokkahally Village, Kasaba Hobli, Hoskote Taluk, Bangalore District. (Land
77536.80 sq.ft. and |
Contingent
Liabilities not provided during the year: (As on 31.03.2011)
Outstanding Letter of credit at the end of the year issued by Syndicate
Bank for Rs.30.461 millions and, Bank Guarantees issued by Syndicate Bank for
Rs.10.000 millions in favour of Steel Authority of India Limited. Margin money deposit
with Syndicate Bank against above LCs and Bank Guarantee is Rs.3.381 millions.
FIXED ASSETS:
v
Land at
v Floor Boring Machine
v Building
v Plant and Machinery
v Furniture and Fixture
v Office Equipment
v Vehicle
v Computer
v D.G. Set
v Dies, Tools and Fixtures
v Equipments
v EPBX Systems
v Cellular Phone
v Air Conditioner
v Pager
WEBISTE DETAILS:
PROFILE:
Almost a decade ago a modest beginning by a board of visionaries and with stable management to achieve the growth due to quality, hair-line accuracy, international standard and mutual balanced interdependence on the skilled experience engineers, technologist and work forces.
Subsequently the board of visionaries decided to bring Shri Rajesh Goel, who is an MBA as a chief of the Subject and he has worked with his vision and with his entry Subject has achieved a position in the market in the field of extreme engineering of structures and components within a very short period of one year but always with the prime consideration of utmost time management and not to take excuse on the pretext of shortage of time with no compromise and relaxation in quality control and to maintain this it is an ISO-9001 Certified and ISO 14001: 2004 and ISO Engineering Unit.
Subject is
managed by professional stable management comprising visionaries with vision of
utmost balance of skill and business to promote technological fineness,
international standard, hair-line accuracy, need based result.
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.56.92 |
|
|
1 |
Rs.88.90 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
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 |
|
45 |
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.