MIRA
INFORM REPORT
|
Report Date : |
29.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHEMICO CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
341, Functional Industrial Estate, Patpar Ganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.03.1984 |
|
|
|
|
Com. Reg. No.: |
55-017720 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1984PTC017720 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC06058D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC0213A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of
Business: |
Manufacture of Antimony based chemical. |
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 450000 |
|
|
|
|
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) |
|
India |
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 : |
341 – Functional Industrial Estate, Patpar Ganj, Delhi – 110092,
India. |
|
Tel. No.: |
91-11- 22167148 / 22143146 / 42141363 / 22143971 |
|
Fax No.: |
91-11- 22167149 |
|
Mobile No.: |
91-9810005428 (Mr. B.K.Jain) 91-9810075571 (Mr. Rajnish Jain) |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Bimal Kumar Jain |
|
Designation : |
Director |
|
Address : |
D - 9, Vivek Vihar, Delhi – 110095, India. |
|
Date of Birth/Age : |
10.01.1950 |
|
Date of Appointment : |
28.09.1990 |
|
DIN No.: |
00204260 |
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 |
U24139DL1987PTC028836 |
ELOCHEM
INDIA PRIVATE LIMITED |
Director |
06-08-87 |
06-08-87 |
- |
Strike
off |
NO |
|
2 |
U74899DL1984PTC017720 |
CHEMICO
CHEMICALS PRIVATE LIMITED |
Director |
28-09-90 |
28-09-90 |
- |
Active |
NO |
|
3 |
U17114DL1997PLC084759 |
CHEMICO
SYNTHETICS LIMITED |
Managing
director |
01-04-11 |
30-01-97 |
- |
Active |
NO |
|
4 |
U50101DL2001PTC110119 |
ELEGANT
CARS PRIVATE LIMITED |
Director |
22-03-01 |
22-03-01 |
- |
Active |
NO |
|
5 |
U27310DL2007PTC161696 |
ARIHANT
MACFAB PRIVATE LIMITED |
Director |
05-04-07 |
05-04-07 |
10-03-11 |
Active |
NO |
|
Name : |
Mr. Rajnish Jain |
|
Designation : |
Director |
|
Address : |
D - 9, Vivek Vihar, Delhi – 110095, India. |
|
Date of Birth/Age : |
12.02.1973 |
|
Date of Appointment : |
02.04.1994 |
|
DIN No.: |
00204423 |
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 |
U74899DL1984PTC017720 |
CHEMICO
CHEMICALS PRIVATE LIMITED |
Director |
02-04-94 |
02-04-94 |
- |
Active |
NO |
|
2 |
U17114DL1997PLC084759 |
CHEMICO
SYNTHETICS LIMITED |
Director |
30-01-97 |
30-01-97 |
12-03-12 |
Active |
NO
|
|
3 |
U50101DL2001PTC110119 |
ELEGANT
CARS PRIVATE LIMITED |
Director |
22-03-01 |
22-03-01 |
- |
Active |
NO |
|
4 |
U74899DL1986PTC024161 |
ARHANT
DYE CHEM PRIVATE LIMITED |
Director |
22-09-06 |
22-09-06 |
- |
Active |
NO |
|
5 |
U27310DL2007PTC161696 |
ARIHANT
MACFAB PRIVATE LIMITED |
Director |
05-04-07 |
05-04-07 |
10-03-11 |
Active |
NO
|
|
Name : |
Mr. Neeraj Jain |
|
Designation : |
Director |
|
Address : |
D - 9, Vivek Vihar, Delhi – 110095, India. |
|
Date of Birth/Age : |
16.08.1976 |
|
Date of Appointment : |
15.06.2006 |
|
DIN No.: |
00206206 |
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 |
U74899DL1986PTC024161 |
ARHANT
DYE CHEM PRIVATE LIMITED |
Director |
02-04-94 |
02-04-94 |
- |
Active |
NO |
|
2 |
U17114DL1997PLC084759 |
CHEMICO
SYNTHETICS LIMITED |
Whole-time
director |
01-10-10 |
30-01-97 |
- |
Active |
NO |
|
3 |
U74899DL1984PTC017720 |
CHEMICO
CHEMICALS PRIVATE LIMITED |
Director |
15-06-06 |
15-06-06 |
12-03-12 |
Active |
NO |
|
4 |
U50101DL2001PTC110119 |
ELEGANT
CARS PRIVATE LIMITED |
Director |
22-08-06 |
22-08-06 |
- |
Active |
NO |
|
5 |
U27310DL2007PTC161696 |
ARIHANT
MACFAB PRIVATE LIMITED |
Director |
05-04-07 |
05-04-07 |
10-03-11 |
Active |
NO |
|
Name : |
Mr. Jagdish Prasad Dhimri |
|
Designation : |
Director |
|
Address : |
G – 97 B, Lajpat nagar, Sahibabad, Uttar Pradesh – 201002. India. |
|
Date of Birth/Age : |
05.03.1962 |
|
Date of Appointment : |
01.06.2006 |
|
|
|
|
Name : |
Ms. Kusum Jain |
|
Designation : |
Director |
|
Address : |
D- 9, Vivek Vihar, Delhi – 110095, India. |
|
Date of Birth/Age : |
15.03.1955 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
00393673 |
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 |
U17114DL1997PLC084759 |
CHEMICO
SYNTHETICS LIMITED |
Director |
15-11-10 |
30-01-97 |
- |
Active |
NO |
|
2 |
U74899DL1986PTC024161 |
ARHANT
DYE CHEM PRIVATE LIMITED |
Director |
01-07-97 |
01-07-97 |
- |
Active |
NO |
|
3 |
U27310DL2007PTC161696 |
ARIHANT
MACFAB PRIVATE LIMITED |
Director |
05-04-07 |
05-04-07 |
10-03-11 |
Active |
NO |
|
4 |
U74899DL1984PTC017720 |
CHEMICO
CHEMICALS LIMITED LIMITED |
Director |
01-11-11 |
01-11-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bimal Kumar Jain |
100000 |
|
Rajnish Kumar Jain |
75000 |
|
Rashmi Kumar Jain |
1250 |
|
Neeraj Kumar Jain |
75000 |
|
Kusum Kumari Jain |
35000 |
|
Saroj Devi Jain |
5000 |
|
B.K. Jain HUF |
8750 |
|
Total |
3,00,000 |
AS ON 28.09.2011
|
Equity Shares Break
Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Antimony based chemical. |
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|
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
Bankers : |
·
State Bank of Bikaner and Jaipur, D- 10, Blockd, Shopping centre, Vivek
Vihar, Delhi – 110092, India. ·
ICICI
Bank |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
K K Ghei and company Chartered Accountant |
|
Address : |
806, Hemkunt House, 6, Rajendra Place, New Delhi – 110008, India. |
|
Pan No.: |
AAAFK0011F |
|
Tel. No.: |
91-11-25714080, 25759511 |
|
Fax No.: |
91-11-25759512 |
|
E-Mail : |
|
|
|
|
|
Related Party : |
·
Arhant Dye-Chem Private
Limited. ·
Elegant Cars Private
Limited. ·
Chemico Synthetics
Limited. |
CAPITAL STRUCTURE
After 28.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.100/-
each |
Rs.75.000 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/-
each |
Rs. 30.000 Millions |
|
|
|
|
|
Note :
Fully paid up includes 1,04,600 shares of Rs. 100
each allotted as bonus shares.
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 |
30.000 |
24.000 |
24.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
84.313 |
50.334 |
22.707 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
114.313 |
74.334 |
46.707 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.232 |
98.845 |
51.067 |
|
|
2] Unsecured Loans |
69.580 |
20.673 |
22.725 |
|
|
TOTAL BORROWING |
76.812 |
119.518 |
73.793 |
|
|
DEFERRED TAX LIABILITIES |
1.370 |
1.348 |
1.135 |
|
|
|
|
|
|
|
|
TOTAL |
192.495 |
195.200 |
121.634 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
46.838 |
36.027 |
30.278 |
|
|
Capital work-in-progress |
8.275 |
3.346 |
0.706 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.523
|
51.004 |
26.544 |
|
|
Sundry Debtors |
123.656
|
92.289 |
62.342 |
|
|
Cash & Bank Balances |
44.744
|
3.976 |
4.845 |
|
|
Other Current Assets |
0.000
|
39.991 |
17.636 |
|
|
Loans & Advances |
104.298
|
48.924 |
19.950 |
|
Total
Current Assets |
283.221
|
236.184 |
131.317 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
|
|
|
|
|
Other Current Liabilities |
19.557
|
40.078 |
30.670 |
|
|
Provisions |
126.282
|
40.279 |
9.997 |
|
Total
Current Liabilities |
145.839
|
80.357 |
40.667 |
|
|
Net Current Assets |
137.382
|
155.827 |
90.650 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
192.495 |
195.200 |
121.634 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
891.640 |
470.322 |
360.895 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
891.640 |
470.322 |
360.895 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
693.268 |
405.410 |
353.467 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
693.268 |
405.410 |
353.467 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
198.372 |
64.912 |
7.428 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
67.622 |
23.314 |
2.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
130.750 |
41.598 |
4.927 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
125.958 |
49.458 |
24.776 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
472.954 |
309.589 |
240.472 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
526 |
270.47 |
20.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.15
|
0.09 |
0.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.59
|
0.24 |
0.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.74
|
0.87 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.96
|
2.71 |
2.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
2.94 |
3.23 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
The metal extraction plant was operational fully throughout the year.
The market remained in uptrend move. The long term bulk supply contracts for import
of Antimony ore proved beneficial and cost effective and boosted margins
available to the company.
The turnover increased from Rs. 469.600 Millions in the previous year to
Rs. 887.800 Millions during the year under report. The profit jumped from Rs.
64.912 Millions to Rs.198.371 Millions.
During the year, in order to strengthen the Capital base of the company,
bonus shares were allotted by appropriating Rs.6.000 Millions from General
Reserves.
Contingent
Liabilities (Not provided for
in the Accounts and certified by the management)
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.
2010 |
|
Estimated amount of contracts to be executed on capital account |
1.796 |
0.230 |
|
Letter of Credit Opened |
83.599 |
29.155 |
|
Excise Duty (2000-2001) |
0.299 |
0.299 |
|
Labour Court Cases |
0.776 |
2.321 |
FORM 8
|
Corporate
identity number of the company |
U74899DL1984PTC017720 |
|
Name of the
company |
CHEMICO CHEMICALS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
341 –
Fiepatparganj, Delhi – 110092, India. |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property (not
being pledge) |
|
Particular of
charge holder |
State Bank of
Bikaner Jaipur D- 10, Blockd,
Shopping centre, Vivek Vihar, Delhi – 110092, India. |
|
Nature of
instrument creating charge |
Sanction letter, agreement
of hypothecation of goods and assets and agreement of loan for overall limit
for increase in overall limit from Rs. 130.000 Millions 180.000 Millions. |
|
Date of
instrument Creating the charge |
15.01.2011 |
|
Amount secured by
the charge |
Rs. 180.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Approved ROI at
3.50% above base rate i.e. @ 11.75% Terms of repayment 12 months Margin Raw Material 25%,
WIP 30%, Finished goods 25% and Book debts 40% Extent and operation of the charge 12 MONTHS |
|
Short particulars
of the property charged (Including location of the property) |
Primary-
exclusive first charge by way of hyp. of entire current assets including
stock of raw material, sip, finished goods spares lying at the company’s
factory and other stock points, book debts et. Collateral- first
charge on fixed assets and equitable mortgage of property at 54/7, 54/8 and
54/9 upside industrial area, site-4, Sahibabad. |
|
Charge
identification number of the charge to be modified |
80001044 |
|
Particulars of
the present modification |
CC hypothecation
limits stands increased from Rs. 90.000 Millions to Rs. 100.000 Millions, SlC
redused to nil, non fund based limit increased form Rs. 30.000 Millions to
Rs. 80.000 Millions. Total credit facilities stand at Rs. 180.000 Millions. |
Fixed Assets
·
Lease Hold Land
·
Building
·
Machinery
·
Furniture and Fixtures
·
Electric Fitting
·
Car
·
Cycle
·
Office Equipment
·
Air Conditions
·
Typewriter
·
Computer
·
Computer Software
·
Generator Set
·
Weight and Measure
·
Fire Fighting Equipment
·
Fan
·
Material Handling
·
Pollution Control Equipment
·
Lab Equipment
·
Tubewell
·
Water Softning Plant
·
Scooter
·
Mobile
·
Forklift Truck
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. 50.91 |
|
|
1 |
Rs. 81.21 |
|
Euro |
1 |
Rs. 67.85 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
47 |
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.