|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
SATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601/2/3 'B' Wing, Fairlink Center, Near Monginis Factory, Off Link
Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.12.1991 |
|
|
|
|
Com. Reg. No.: |
064661 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.51.492 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197MH1991PTC064661 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS52335D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0746E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Service Provider of Prefabricated Cabin, Portable Cabin,
Prefabricated Portable Cabin, Cold Storage, Auto Components, etc. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 544256 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small to mediocre 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) |
|
India |
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 (GENERAL DETAILS)
|
Name : |
Mr. Amar |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-40698999 |
|
Date : |
27.02.2012 |
LOCATIONS
|
Registered Office : |
601/2/3 'B' Wing, Fairlink Center, Near Monginis Factory, Off Link
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40698999 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Located at: Bhuj, Gujarat, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Amar Prakash Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
1505, Staler Tower, Lokhanowala, Andheri, Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
05.12.1957 |
|
Date of Appointment : |
10.12.2002 |
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 |
U51900MH1986PLC041279 |
ESSA AIRCONS LTD |
Director |
20/10/1986 |
20/10/1986 |
- |
Active |
NO |
|
2 |
U15132DD1994PLC001618 |
TRANS AGROTECH LIMITED |
Director |
27/06/1994 |
27/06/1994 |
- |
Active |
NO |
|
3 |
U60231DD1994PLC001687 |
TRANS FLEET LIMITED |
Director |
31/10/1994 |
31/10/1994 |
- |
Active |
NO |
|
4 |
U24132DD1996PTC002145 |
TRANS POLYURETHANE PRIVATE
LIMITED |
Director |
01/08/1996 |
01/08/1996 |
- |
Active |
NO |
|
5 |
U29197MH1991PTC064661 |
SATEC ENVIR ENGINEERING
(INDIA) PRIVATE LIMITED |
Director |
10/12/2002 |
10/12/2002 |
- |
Active |
NO |
|
6 |
U29191MH2002PLC136052 |
TRANS REF AIRCONS LIMITED |
Director |
30/09/2003 |
30/09/2003 |
- |
Strike off |
NO |
|
7 |
U73100MH2011PTC221908 |
MICRONET REAL ESTATE
PRIVATE LIMITED |
Director |
16/01/2012 |
16/01/2012 |
- |
Active |
NO |
|
8 |
U40300MH2012PTC226120 |
SATEC SOLAR ENERGY PRIVATE
LIMITED |
Director |
17/01/2012 |
17/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Tukaram Shivram Gawde |
|
Designation : |
Director |
|
Address : |
246, Parinita Niwas Chs Com, Appa Pada, Maharashtra Nagar, Malad East,
Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1958 |
|
Date of Appointment : |
10.12.2002 |
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 |
U29197MH1991PTC064661 |
SATEC ENVIR ENGINEERING
(INDIA) PRIVATE LIMITED |
Director |
10/12/2002 |
10/12/2002 |
- |
Active |
NO |
|
2 |
U29191MH2002PLC136052 |
TRANS REF AIRCONS LIMITED |
Director |
05/08/2003 |
05/08/2003 |
- |
Strike off |
NO |
|
3 |
U60231DD1994PLC001687 |
TRANS FLEET LIMITED |
Director |
10/12/2003 |
10/12/2003 |
- |
Active |
NO |
|
4 |
U15132DD1994PLC001618 |
TRANS AGROTECH LIMITED |
Director |
10/12/2003 |
10/12/2003 |
- |
Active |
NO |
|
5 |
U51900MH1986PLC041279 |
ESSA AIRCONS LTD |
Director |
10/12/2003 |
10/12/2003 |
- |
Active |
NO |
|
6 |
U24132DD1996PTC002145 |
TRANS POLYURETHANE PRIVATE
LIMITED |
Director |
10/12/2003 |
10/12/2003 |
- |
Active |
NO |
|
7 |
U73100MH2011PTC221908 |
MICRONET REAL ESTATE
PRIVATE LIMITED |
Director |
16/01/2012 |
16/01/2012 |
- |
Active |
NO |
|
8 |
U40300MH2012PTC226120 |
SATEC SOLAR ENERGY PRIVATE
LIMITED |
Director |
17/01/2012 |
17/01/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Amar |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amar Prakash Mahavir Prasad Agarwal |
|
51467500 |
|
Sujata Agarwal |
|
12500 |
|
Gaurav Amarprakash Agarwal |
|
12500 |
|
Total |
|
51492500 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Service Provider of Prefabricated Cabin, Portable
Cabin, Prefabricated Portable Cabin, Cold Storage, Auto Components, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Prefabricated Cabin, Portable Cabin, Prefabricated Portable Cabin,
Cold Storage, Auto Components, etc. |
|
Countries : |
Australia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Nanco Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Credit Management Centre,
Unit- 6, Corporate Park, Sion Trombay Road, Chembur, Mumbai - 400071,
Maharashtra, India ·
Bank of Baroda, Marine Drive Branch, Giri Kunj,
71, Marine Drive,, Mumbai - 400020, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ritesh Burad and Associates Chartered Accountant |
|
Address : |
528/530, Sanghavi Sadan, 1st Floor, JSS Road, Chira Bazar,
Mumbai – 400002, Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
645000 |
Equity Shares |
Rs.100/- each |
Rs.64.500 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
514925 |
Equity Shares |
Rs.100/-
each |
Rs.51.492
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 |
51.492 |
51.492 |
26.500 |
|
|
2] Share Application Money |
56.620 |
33.170 |
34.500 |
|
|
3] Reserves & Surplus |
27.952 |
15.606 |
7.780 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
136.064 |
100.268 |
68.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
110.429 |
86.974 |
102.490 |
|
|
2] Unsecured Loans |
0.000 |
10.600 |
31.142 |
|
|
TOTAL BORROWING |
110.429 |
97.574 |
133.632 |
|
|
DEFERRED TAX LIABILITIES |
6.604 |
4.342 |
2.447 |
|
|
|
|
|
|
|
|
TOTAL |
253.097 |
202.184 |
204.859 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.005 |
75.146 |
60.062 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
(6.604) |
(4.342) |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.690
|
77.041 |
12.223 |
|
|
Sundry Debtors |
108.356
|
58.346 |
114.725 |
|
|
Cash & Bank Balances |
18.623
|
14.258 |
21.456 |
|
|
Other Current Assets |
6.604
|
4.342 |
0.000 |
|
|
Loans & Advances |
35.858
|
25.441 |
11.400 |
|
Total
Current Assets |
267.131
|
179.428 |
159.804 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
84.045
|
45.187 |
11.558 |
|
|
Other Current Liabilities |
1.651
|
0.330 |
1.525 |
|
|
Provisions |
3.739
|
2.531 |
1.924 |
|
Total
Current Liabilities |
89.435
|
48.048 |
15.007 |
|
|
Net Current Assets |
177.696
|
131.380 |
144.797 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
253.097 |
202.184 |
204.859 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
396.772 |
333.253 |
305.465 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
378.012 |
321.540 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
18.760 |
11.712 |
11.301 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(9.192) |
(3.894) |
(4.037) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
27.952 |
15.606 |
15.338 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
29.917 |
116.547 |
NA |
|
|
TOTAL EARNINGS |
29.917 |
116.547 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.128 |
NA |
NA |
|
|
TOTAL IMPORTS |
2.128 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.04
|
4.68 |
5.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.37
|
4.60 |
5.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.47
|
1.45 |
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.99
|
3.73 |
10.64 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from 234, Kuber Complex, Link Road, Andheri West, Mumbai
-400053, Maharashtra, India to 124, Kuber Complex, Opp Laxmi Industrial Estate,
Off Link Road, Andheri (West), Mumbai -400053, Maharashtra, India w.e.f.
01.05.2009
The registered office address of the company
has been shifted from 124, Kuber Complex, Opp Laxmi Industrial Estate, Off Link
Road, Andheri (West), Mumbai -400053, Maharashtra, India to present address
|
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 |
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 three years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations 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, if available |
-- |
FORM 8:
|
Corporate identity number of the company |
U29197MH1991PTC064661 |
|
Name of the company |
SATEC ENVIR ENGINEERING (INDIA) PRIVATE
LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No A/107-108, Ttc Industrial Area,
Midc, Khairane, Thane-Belapur Road, Navi Mumbai -400705, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge holder |
Axis Bank Limited |
|
Nature of instrument creating charge |
Supplemental Deed of Hypothecation (SDH)
dated 29.10.2011 |
|
Date of instrument Creating the charge |
29/10/2011 |
|
Amount secured by the charge |
Rs.175.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As per sanction letter No. Axis/Adv/West
NK/584(a)/2011-12 dated 14.09.2011 or as stipulated by Bank from time to time. Terms of Repayment As per sanction letter No. Axis/Adv/West
NK/584(a)/2011-12 dated 14.09.2011 or as stipulated by Bank from time to
time. Margin As per sanction letter No. Axis/Adv/West
NK/584(a)/2011-12 dated 14.09.2011 or as stipulated by Bank from time to
time. Extent and Operation of the charge Within the overall credit facilities of
Rs.175.000 Millions, CC facility enhanced from Rs.8 Crs. to Rs.110.000 Millions and LC limit reduced
from Rs.95.000 Millions to Rs.65.000 Millions. The revised/ enhanced limits
of Rs.175.000 Millions are specified in Table II of SDH. The security by way
of hypo. of stocks, book debts, plant, machinery etc., given earlier, des. in
schedule to SDH shall continue as security for the revised/ enhanced limits. |
|
Short particulars of the property charged |
1st Charge on all present and future stocks
of RM, WIP, SFG, FG etc., wheresoever situated or in transit. 1st Charge on
all present and future book debts, outstanding money receivables, claims
etc., due and owing to the Company during the course of its business. 1st
Charge on all present and future Mov. Plant, machinery, spares, tools etc.
lying at the premises of the Company or elsewhere or in transit. |
|
Date of instrument modifying the charge |
22/12/2010 |
|
Particulars of the present modification |
Vide this modification, within the overall
credit facilities of Rs.175.000 Millions, CC facility enhanced from Rs.80.000
Millions to Rs.110.000 Millions and LC limit reduced from Rs.95.000 Millions
to Rs.65.000 Millions The revised/ enhanced limits of Rs.175.000 Millions are
specified in Table II of SDH. The security by way of hypo. of stocks, book
debts, plant, machinery etc., given earlier, des. in schedule to SDH shall
continue as security for the revised/ enhanced limits. |
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.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.