|
Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
KRISTEEL SHINWA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
615, Churchgate Chambers, 5 New Marine Lines, Mumbai – 400020, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-073038 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.32.555 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28932MH1993PLC073038 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11741C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK4226H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Stainless Steel Rules and Measuring Instruments |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 400000 |
|
|
|
|
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 : |
615, Churchgate Chambers, 5 New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
‘Krislon
House', Saki Vihar Road, Saki Naka, Andheri (East)
Mumbai - 400 072, Maharashtra, India |
|
Tel. No.: |
91-22-42256666 / 13 / 14 |
|
Fax No.: |
91-22-42256690 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Kristeel House, 47 Government Industrial Estate, Masat, Silvassa –
396230, India |
|
Tel. No.: |
91-260-2640211 |
|
|
|
|
Regional Office : |
Located at ·
Bangalore ·
Delhi |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Manmohan Kishanlal Anand |
|
Designation : |
Director |
|
Address : |
191, Sainara, Cuff Parade, Colaba, Mumbai – 400005, Maharashtra, India
|
|
Date of Birth/Age : |
02.01.1937 |
|
Date of Appointment : |
21.07.1993 |
|
DIN No.: |
00334328 |
|
Election Commission Identity Card No.: |
MT04079000358 |
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 |
U28900MH1971PTC015313 |
KRISTEEL
SHINWA MICROPONENTS PRIVATE LIMITED |
Director |
31-08-71 |
31-08-71 |
- |
Active |
NO |
|
2 |
U17120MH1973PTC016402 |
KRISLON
SYNTHETICS PRIVATE LIMITED |
Director |
24-09-07 |
20-03-73 |
- |
Active |
NO |
|
3 |
U17120MH1974PTC017520 |
KRISTEX
PRIVATE LIMITED |
Director |
24-09-07 |
02-07-74 |
- |
Active |
NO |
|
4 |
U17120MH1981PTC025627 |
KRISLON
FIBRES AND FILAMENTS PRIVATE LIMITED |
Director |
13-11-81 |
13-11-81 |
- |
Active |
NO |
|
5 |
U67120MH1975PTC018272 |
EXACTO
INVESTMENT AND SECURITIES PRIVATE LIMITED |
Director |
24-09-07 |
10-08-88 |
- |
Active |
NO |
|
6 |
U30007MH1990PTC058460 |
KRISLON
SYSTEM SCIENCES PRIVATE LIMITED |
Director |
24-09-07 |
09-10-90 |
- |
Active |
NO |
|
7 |
U28932MH1993PLC073038 |
KRISTEEL
SHINWA INDUSTRIES LIMITED |
Director |
24-09-07 |
21-07-93 |
- |
Active |
NO |
|
8 |
U17200MH1973PTC016872 |
TECH-SPEC
SALES PRIVATE LIMITED |
Director |
24-09-07 |
28-11-95 |
- |
Converted
to LLP and dissolved |
NO |
|
Name : |
Mr. Sunish Manmohan Anand |
|
Designation : |
Director |
|
Address : |
Rajab Mahal, Flat No.07, 144 Maharshi Karve Road, Churchgate, Mumbai –
400020, , Maharashtra, India |
|
Date of Birth/Age : |
07.08.1966 |
|
Date of Appointment : |
21.07.1993 |
|
DIN No.: |
00334497 |
|
Election Commission Identity Card No.: |
MT04019000358 |
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 |
U17120MH1974PTC017520 |
KRISTEX
PRIVATE LIMITED |
Director |
11-12-84 |
11-12-84 |
24-09-07 |
Active |
NO |
|
2 |
U17120MH1973PTC016402 |
KRISLON
SYNTHETICS PRIVATE LIMITED |
Director |
11-12-84 |
11-12-84 |
24-09-07 |
Active |
NO |
|
3 |
U28900MH1971PTC015313 |
KRISTEEL
SHINWA MICROPONENTS PRIVATE LIMITED |
Director |
11-12-84 |
11-12-84 |
- |
Active |
NO |
|
4 |
U17120MH1981PTC025627 |
KRISLON
FIBRES AND FILAMENTS PRIVATE LIMITED |
Director |
27-12-86 |
27-12-86 |
- |
Active |
NO |
|
5 |
U30007MH1990PTC058460 |
KRISLON
SYSTEM SCIENCES PRIVATE LIMITED |
Director |
24-09-07 |
09-10-90 |
- |
Active |
NO |
|
6 |
U28932MH1993PLC073038 |
KRISTEEL
SHINWA INDUSTRIES LIMITED |
Director |
24-09-07 |
21-07-93 |
- |
Active |
NO |
|
7 |
U17200MH1973PTC016872 |
TECH-SPEC
SALES PRIVATE LIMITED |
Director |
24-09-07 |
28-11-95 |
- |
Converted
to LLP and dissolved |
NO |
|
8 |
U67120MH1975PTC018272 |
EXACTO
INVESTMENT AND SECURITIES PRIVATE LIMITED |
Director |
10-08-98 |
10-08-98 |
24-09-07 |
Active |
NO |
|
Name : |
Mrs. Neeta Sunish Anand |
|
Designation : |
Director |
|
Address : |
Rajab Mahal, Flat No.07, 144 Maharshi Karve Road, Churchgate, Mumbai –
400020, , Maharashtra, India |
|
Date of Birth/Age : |
04.10.1967 |
|
Date of Appointment : |
24.09.2007 |
|
DIN No.: |
01743126 |
|
Election Commission Identity Card No.: |
MT04019000362 |
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 |
U30007MH1990PTC058460 |
KRISLON
SYSTEM SCIENCES PRIVATE LIMITED |
Director |
24-09-07 |
24-09-07 |
- |
Active |
NO |
|
2 |
U28932MH1993PLC073038 |
KRISTEEL
SHINWA INDUSTRIES LIMITED |
Director |
24-09-07 |
24-09-07 |
- |
Active |
NO |
|
3 |
U17200MH1973PTC016872 |
TECH-SPEC
SALES PRIVATE LIMITED |
Director |
24-09-07 |
24-09-07 |
- |
Converted
to LLP and dissolved |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sunish Manmohan Anand |
|
2527800 |
|
Neeta Sunish Anand |
|
727680 |
|
Rahil Anand (Guardian Sunish Manmohan Anand) |
|
5 |
|
Niharrika Anand (Guardian Neeta Sunish Anand) |
|
5 |
|
Krislon System Sciences Private Limited |
|
10 |
|
Techspec Sales Private Limited, |
|
10 |
|
Sunish Anand – HUF |
|
10 |
|
Total
|
|
3255520 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stainless Steel Rules and Measuring Instruments |
GENERAL INFORMATION
|
Customers : |
·
Siemens ·
Larsen and Toubro ·
Rangsons Electronic ·
ABB ·
Lipi Data Systems Limited ·
Crompton Graves ·
Minda ·
Ceat ·
TVS Electronics ·
Bharat Electronics ·
Kaynes Technology ·
Onida ·
FCI ·
Moserbaer ·
MICO ·
Jibler ·
BFW ·
TATA Power ·
HAL ·
Pricol ·
Areva ·
Wipro
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
CITI Bank N. A., Citigroup Centre, Bandra Kurla complex, G-Block
Bandra (East), Mumbai – 400051, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Note: 1.
The secured loan taken from CITI Bank N.A are secured
against the hypothecation of stock and Book debts and Personal guarantee of
the director. 2.
Motor car loans are availed against hypothecation
of motor car
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. K. Beswal and Associates Chartered Accountants |
|
Address : |
408/410 Rewa Chambers, 31 New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
PAN.: |
AAAFV1807C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3255520 |
Equity Shares |
Rs.10/- each |
Rs.32.555
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 |
32.555 |
32.555 |
32.555 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
66.302 |
62.124 |
57.335 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
98.857 |
94.679 |
89.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.216 |
9.663 |
10.532 |
|
|
2] Unsecured Loans |
7.334 |
3.941 |
2.692 |
|
|
TOTAL BORROWING |
16.550 |
13.604 |
13.224 |
|
|
DEFERRED TAX LIABILITIES |
4.070 |
3.823 |
3.422 |
|
|
|
|
|
|
|
|
TOTAL |
119.477 |
112.106 |
106.536 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
50.921 |
53.965 |
52.291 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
30.779 |
16.848 |
17.708 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.647
|
23.064 |
29.987 |
|
|
Sundry Debtors |
12.772
|
13.742 |
10.985 |
|
|
Cash & Bank Balances |
2.108
|
0.823 |
0.645 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
14.840
|
17.048 |
11.524 |
|
Total
Current Assets |
54.367
|
54.677 |
53.141 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.768
|
4.987 |
7.131 |
|
|
Other Current Liabilities |
5.517
|
5.039 |
4.747 |
|
|
Provisions |
5.305
|
3.358 |
4.726 |
|
Total
Current Liabilities |
16.590
|
13.384 |
16.604 |
|
|
Net Current Assets |
37.777
|
41.293 |
36.537 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
119.477 |
112.106 |
106.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
91.134 |
74.649 |
82.009 |
|
|
|
Other Income |
2.583 |
1.333 |
0.384 |
|
|
|
TOTAL |
93.717 |
75.982 |
82.393 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
0.501 |
0.349 |
0.805 |
|
|
|
Material consumed |
25.796 |
16.128 |
19.747 |
|
|
|
Employment cost |
25.977 |
20.490 |
22.684 |
|
|
|
Operating expenses |
31.553 |
26.336 |
28.805 |
|
|
|
Loss on sale of interment |
0.000 |
0.000 |
4.771 |
|
|
|
(increase)/ decrease in stock |
(1.319) |
2.721 |
1.067 |
|
|
|
TOTAL |
82.508 |
66.024 |
77.879 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.209 |
9.958 |
4.514 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.837 |
4.338 |
3.581 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.372 |
5.620 |
0.933 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.195 |
0.830 |
0.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.177 |
4.790 |
0.503 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
36.839 |
32.049 |
31.546 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
41.016 |
36.839 |
320.49 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
27.022 |
13.633 |
32.479 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.46
|
6.30 |
0.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.99
|
7.53 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.05
|
5.17 |
0.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.06 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34
|
0.29 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.28
|
4.09 |
3.20 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
During the year, the receipts of the company increased by 23.3% i.e. to Rs.93.717
Millions as against Rs.75.982 Millions. The production during the year was
Rs.88.671 Millions compared to Rs.69.115 Millions for previous year (i.e. an
increase of 28.3%. The Directors expect a growth of about 10% in sales.
Form 8:
|
Corporate
identity number of the company |
U28932MH1993PLC073038 |
|
Name of the
company |
KRISTEEL SHINWA INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
615, Churchgate Chambers, 5 New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
90161130 |
|
Type of charge |
·
Book
Debts ·
Movable
Property 9not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
CITI Bank N. A., Citigroup Centre, Bandra Kurla complex, G-Block
Bandra (East), Mumbai – 400051, Maharashtra, India E-mail : vinod.raghvan@citigroup.com
|
|
Nature of
instrument creating charge |
Deed of
Modification |
|
Date of
instrument Creating the charge |
10.10.2006 |
|
Amount secured by
the charge |
Rs.18.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As may by
stipulated by the bank from time to time Terms of
Repayment On demand Margin As may by
stipulated by the bank from time to time Extent and Operation
of the charge The stocks and
book debts hypothecated to the bank as an by way of first charge as security
for and be charged with the repayment of the loan with all interest,
liquidated damages, premia on prepayments or on redemption, costs, charges
and other expenses payable by the borrower to the bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Stocks and Book Debts |
Fixed Assets:
·
Land
·
Building
·
Office equipments
·
Motor car
·
Furniture and Fixtures
·
Equipments
·
Electrical Installation
·
Air conditioner
·
Borewell
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.51.91 |
|
|
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.99 |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.