Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
PUSHPAK BULLIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ketan Madhusudan Shroof |
|
Status |
Good |
Principal Name 2 |
Mr. Chandrakant Narsidas Patel |
|
|
|
Registration # |
04-123136 |
|
Street Address |
Room No. 6, Thakker Niwas 93, Bhuleshwar Road, Mumbai – 400002,
Maharashtra |
||
|
Established Date |
17.12.1999 |
SIC Code |
-- |
|
Telephone# |
91-22-66341711 |
Business Style 1 |
Trader |
|
Fax # |
91-22-22400400 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Rough Diamonds |
|
|
# of employees |
10 (Approximately) |
Product Name 2 |
Polished Diamonds |
|
Paid up capital |
Rs. 9,975,000/- |
Product Name 3 |
Gold |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
A (63) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Other
Related Parties |
India
|
Rialto Exim Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,540,982,000 |
Current Liabilities |
2,885,502,000 |
|
Inventories |
139,052,000 |
Long-term Liabilities |
311,773,000 |
|
Fixed Assets |
27,277,000 |
Other Liabilities |
50,406,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
3,247,681,000 |
|
Invest& other Assets |
236,452,000 |
Retained Earnings |
686,107,000 |
|
|
|
Net Worth |
696,082,000 |
|
Total Assets |
3,943,763,000 |
Total Liab. & Equity |
3,943,763,000 |
|
Total Assets (Previous Year) |
1,537,044,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
40,900,200,000 |
Net Profit |
249,442,000 |
|
Sales(Previous yr) (Total Income) |
37,906,959,000 |
Net Profit(Prev.yr) |
154,873,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
PUSHPAK BULLIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No. 6, Thakker Niwas 93, |
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|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.12.1999 |
|
|
|
|
Com. Reg. No.: |
04-123136 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.975 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH1999C123136 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP11422F |
|
|
|
|
Legal Form : |
Private Limited
Liability Company. |
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|
|
|
Line of Business
: |
Trader of Bullions (Gold/ Silver) |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal 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 : |
Room No. 6, Thakker Niwas 93, |
|
Tel. No.: |
91-22-66341711/2 |
|
Fax No.: |
91-22-22400400 |
|
E-Mail : |
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|
Website : |
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|
|
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|
Corporate Office : |
9th Floor, Jewel World, Kalbadevi Road, Zaveri Bazar,
Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22403344 / 66 |
|
Fax No.: |
91-22-22411848 |
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E-Mail : |
|
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|
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|
Branch Office : |
Shop No.1, Ground Floor,, Nisarg Palace, Opposite Girish Cold Drink,
Manek Chowk, Ahmedabad-380001, Gujarat, India |
|
Tel. No.: |
91-79-22153012 / 66113012 |
|
Fax No.: |
91-79-22142311 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ketan Madhusudan Shroof |
|
Designation : |
Director |
|
Address : |
8, Anjali Building, Chatrapati Shivaji Road, Vakola Bridge, Santacruz (E),
Mumbai – 400055, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1970 |
|
Qualification : |
Diploma in Machanical |
|
Date of Appointment : |
05.01.2008 |
|
DIN No.: |
00332988 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U65910MH1994PTC081804 |
FEERAJ
HOLDINGS LIMITED |
15-06-98 |
15-06-98 |
Strike
off |
NO |
|
2 |
U36911MH1999PTC123136 |
PUSHPAK
BULLIONS PRIVATE LIMITED |
15-01-08 |
17-12-99 |
Active |
NO |
|
3 |
U74900MH2007PLC171717 |
INDIAN
BULLION MARKET ASSOCIATION LIMITED |
28-08-09 |
03-08-09 |
Active |
NO |
|
4 |
U51109GJ2012PTC069352 |
PENTA
GOLD PRIVATE LIMITED |
12-03-12 |
12-03-12 |
Active |
NO |
|
Name : |
Mr. Chandrakant Narsidas Patel |
|
Designation : |
Director |
|
Address : |
B/8, Patel Society, |
|
Date of Birth/Age : |
19.09.1959 |
|
Qualification : |
SSC |
|
Date of Appointment : |
17.12.1999 |
|
DIN No.: |
01966911 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|||||||
|
1 |
U36911MH1999PTC123136 |
PUSHPAK
BULLIONS PRIVATE LIMITED |
17-12-99 |
17-12-99 |
Active |
NO |
|||||||
|
2 |
U52100MH2007PTC176795 |
STARSHOP
MULTITRADE PRIVATE LIMITED |
26-12-07 |
26-12-07 |
Strike
off |
NO |
|||||||
|
3 |
U65990MH1948NPL006546 |
THE BOMBAY
BULLION ASSOCIATION LIMITED |
25-10-10 |
25-10-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Chandrakant Narsidas Patel |
11600 |
|
Manishaben Patel |
16000 |
|
Mahesh Patel |
6850 |
|
Varshaben Patel |
11000 |
|
Ketan Shroff |
15250 |
|
Yash Patel |
8000 |
|
Suchit Patel |
3700 |
|
Pushpak Developers |
8700 |
|
Growmore Commodities Private Limited, India |
9900 |
|
Pushpak Realities Private Limited, India |
8750 |
|
Total |
99750 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Bullions (Gold/ Silver) |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rajiv Shah And Associates Chartered Accountants |
|
Address : |
31, Kalindi Complex, Old High Court Lane, Opposite Loha Bhavan,
Navrangpura, Ahmedabad – 380009, Gujarat, india |
|
Tel. No.: |
91-79-27542815 |
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Pan No.: |
AAEFR3394N |
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|
Particulars Of Enterprises Controlled By
Relatives Of Key Management Personnel where There Are Transactions : |
·
Excel Mercantile Private Limited ·
Rialto Exim ·
Rialto Exim Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99750 |
Equity Shares |
Rs.100/-
each |
Rs. 9.975
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 |
9.975 |
9.975 |
7.440 |
|
|
2] Share Application Money |
0.000 |
0.000 |
121.000 |
|
|
3] Reserves & Surplus |
686.107 |
436.617 |
188.237 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
696.082 |
446.592 |
316.677 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
152.223 |
116.059 |
79.082 |
|
|
2] Unsecured Loans |
159.550 |
39.000 |
0.000 |
|
|
TOTAL BORROWING |
311.773 |
155.059 |
79.082 |
|
|
DEFERRED TAX LIABILITIES |
0.078 |
0.125 |
0.127 |
|
|
|
|
|
|
|
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TOTAL |
1007.933 |
601.776 |
395.886 |
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|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
27.277 |
4.051 |
4.085 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
236.452 |
13.500 |
13.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
139.052
|
79.209 |
0.629 |
|
|
Sundry Debtors |
2594.263
|
714.034 |
1727.140 |
|
|
Cash & Bank Balances |
813.386
|
497.307 |
253.885 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
133.333
|
228.943 |
75.685 |
|
Total
Current Assets |
3680.034
|
1519.493 |
2057.339 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
2885.502
|
920.266 |
1663.100 |
|
|
Provisions |
50.328
|
15.002 |
15.938 |
|
Total
Current Liabilities |
2935.830
|
935.268 |
1679.038 |
|
|
Net Current Assets |
744.204
|
584.225 |
378.301 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1007.933 |
601.776 |
395.886 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
40900.200 |
37906.959 |
45922.596 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
37736.095 |
45877.521 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
170.864 |
45.075 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
0.989 |
1.145 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
169.875 |
43.930 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
15.002 |
15.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
249.442 |
154.873 |
28.030 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
2501.16 |
2103.50 |
481.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.61
|
0.41 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
11.15 |
2.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.38 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.67
|
2.44 |
5.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.62 |
1.23 |
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. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
No |
|
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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
FINANCIAL RESULTS:
Company has earned
Income of Rs. 40900.200 Millions during the year in Comparison to the figure of
Rs. 37907.000 Millions of the previous year. Net profit was to the tune of Rs.
249.442 Millions in comparison to the figure of Rs. 154.872 Millions of the previous
year.
REVIEW OF
OPERATION
During the year the company has registered robust performance.
FORM 8
|
Corporate
identity number of the company |
U36911MH1999PTC123136 |
|
Name of the
company |
PUSHPAK BULLIONS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Room No. 6, Thakker Niwas 93, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Union Bank of India, Zaveri Bazar Branch, Bankatesh Bhavan, 1st
Floor, Mirza Street, Zaveri Bazar, Mumbai – 400003, Maharashtra, India |
|
Nature of
instrument creating charge |
Joint deed of hypothecation |
|
Date of
instrument Creating the charge |
18.11.2011 |
|
Amount secured by
the charge |
Rs. 1070.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest To be stipulated /
charged as per each bank's sanction terms. Terms of repayment On Demand Margin To be stipulated
as per each bank's sanction terms. Extent and operation of the charge To secure an aggregate
amount of Rs.1070.000 Millions granted by UBI consortium to the company as
under :- Nature of
facilities UBI BOI (Rs. In Millions) Gold loan Rs.820.000 Rs. 250.000 Letter of
guarantee (Rs.50.000) ----- Sod (BD) (Rs.150.000) ----- Packing
credit
(Rs.500.000) ----- FDBP/FUDBP/AFDBC (Rs.820.000) Other Union Bank of India
is designated and recognized as lead bank of UBI consortium and bank of India
is the member bank of the said consortium. |
|
Short particulars
of the property charged (Including location of the property) |
(1)
Hypothecation
of the whole of the current assets of the borrower namely stocks of raw
materials, stock in process, semi finished and finished goods, stores and
spares not relating to plant and machinery (consumable stores and spares),
bills receivable, book debts and all other movables, including plant and
machinery both present and future whether now lying loose or in cases or
which are now lying or stored in or about or shall hereinafter from time to
time during the continuance of the security of these presents be brought into
or upon or be stored or be in or about of the borrower's factories, premises
and godowns situated at Mumbai and other places or wherever else the same may
be or be held by any party to the order or disposition of the borrower or in
the course of transit or on high seas or on order or delivery, howsoever and
where so ever in the possession of the borrower and either by way of
substitution or addition by way of pari passu first charge. (2)
The
entire present and future fixed assets of the borrower by way of pari passu
first charge as collateral security. (3)
The
entire present and future fixed assets and those which are not otherwise
hypothecated to UBI consortium on first charge basis as stated above,
belonging to the borrower on
second pari passu charge basis. |
FIXED ASSETS
·
Computer
·
Printer
·
Fax Machine
·
Freeze
·
Stabilizer
·
Office Furniture
·
Mobile
·
Motor Car
·
Land
·
Furniture and Fittings
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. 52.51 |
|
|
1 |
Rs. 85.49 |
|
Euro |
1 |
Rs. 69.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
63 |
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.