|
Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EASTERN MILLS PRIVATE LIMITED (w.e.f. 18.06.2009) |
|
|
|
|
Formerly Known
As : |
EASTERN SPINNING AND TEXTILE MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.10.2000 |
|
|
|
|
Com. Reg. No.: |
025682 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.420 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119UP2000PTC025682 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
ALDE00359C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE7969F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Handmade Hand Loom Carpets, Traditional
Carpets, etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 269640 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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
|
Name : |
Mr. Zafar Hussain Ansari |
|
Designation : |
Director |
|
Contact No.: |
91-9839049112/9918501808 |
|
Date : |
20.04.2012 |
LOCATIONS
|
Registered Office/Factory : |
Peerkhanpur Road, Bhadohi – 221401, Uttar Pradesh, India |
|
Tel. No.: |
91-5414-224090/228334/224910 |
|
Fax No.: |
91-5414-228492 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 14.09.2011
|
Name : |
Mr. Zafar Husnain Ansari |
|
Designation : |
Director |
|
Address : |
Eastern Exports Post Box-65, Peerkhanpurroad, Bhadohi,
221401, Uttar
Pradesh, India |
|
Date of Appointment : |
03.10.2000 |
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 |
U17112UP1994PTC016561 |
H.N.S. EXPORTS PRIVATE
LIMITED |
Director |
16/06/1994 |
16/06/1994 |
- |
Active |
NO |
|
2 |
U17119UP2000PTC025682 |
EASTERN MILLS PRIVATE
LIMITED |
Director |
03/10/2000 |
03/10/2000 |
- |
Active |
NO |
|
3 |
U25199UP2001PTC025863 |
TEXTILE RUBBER AND
CHEMICAL COMPANY (INDIA) PRIVATE LIMITED |
Director |
09/02/2001 |
09/02/2001 |
- |
Active |
|
|
Name : |
Ms. Nasreen Bano |
|
Designation : |
Director |
|
Address : |
Eastern Exports Post Box-65, Peerkhanpurroad, Bhadohi,
221401, Uttar
Pradesh, India |
|
Date of Appointment : |
02.06.2011 |
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 |
U17112UP1994PTC016561 |
H.N.S. EXPORTS PRIVATE
LIMITED |
Director |
16/06/1994 |
16/06/1994 |
- |
Active |
NO |
|
2 |
U17119UP2000PTC025682 |
EASTERN MILLS PRIVATE
LIMITED |
Additional director |
02/06/2011 |
02/06/2011 |
- |
Active |
NO |
|
3 |
U18101DL2005PTC142464 |
SELECTION TEXTILE PRIVATE
LIMITED |
Additional director |
04/01/2012 |
04/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Iqbal Zafar Ansari |
|
Designation : |
Director |
|
Address : |
Hamid Manzil, Peer Khanpui ,Bhadohi, Sant Ravi Dad Nagar -
221401, Uttar
Pradesh, India |
|
Date of Appointment : |
03.10.2000 |
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 |
U17119UP2000PTC025682 |
EASTERN MILLS PRIVATE
LIMITED |
Managing director |
03/10/2000 |
03/10/2000 |
- |
Active |
NO |
|
2 |
U25199UP2001PTC025863 |
TEXTILE RUBBER AND
CHEMICAL COMPANY (INDIA) PRIVATE LIMITED |
Managing director |
09/02/2001 |
09/02/2001 |
- |
Active |
NO |
|
3 |
U36100DL2011PTC212406 |
INDIAN RUG WEAVERS PRIVATE
LIMITED |
Director |
10/01/2011 |
10/01/2011 |
- |
Active |
NO |
|
4 |
U18101DL2005PTC142464 |
SELECTION TEXTILE PRIVATE
LIMITED |
Additional director |
04/01/2012 |
04/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Kalam Abdul Ansari |
|
Designation : |
Director |
|
Address : |
Hamid Manzil, Peer Khanpui ,Bhadohi, Sant Ravi Dad Nagar -
221401, Uttar
Pradesh, India |
|
Date of Appointment : |
03.10.2000 |
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 |
U17119UP2000PTC025682 |
EASTERN MILLS PRIVATE
LIMITED |
Director |
03/10/2000 |
03/10/2000 |
- |
Active |
NO |
|
Name : |
Mr. Abdul Rahim Ansari |
|
Designation : |
Director |
|
Address : |
Hamid Manzil, Peer Khanpui ,Bhadohi, Sant Ravi Dad Nagar -
221401, Uttar
Pradesh, India |
|
Date of Appointment : |
02.06.2011 |
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 |
U36100DL2011PTC212406 |
INDIAN RUG WEAVERS PRIVATE
LIMITED |
Director |
10/01/2011 |
10/01/2011 |
- |
Active |
NO |
|
2 |
U17119UP2000PTC025682 |
EASTERN MILLS PRIVATE
LIMITED |
Additional director |
02/06/2011 |
02/06/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Haji Abdul Kalam Ansari |
|
3206800 |
|
Zafar Iqbal Ansari |
|
2986700 |
|
Zafar Husnain Ansari |
|
3406540 |
|
Shama Afroz |
|
222000 |
|
Rashika Parveen Ansari |
|
220000 |
|
Total |
|
10042040 |
AS ON 14.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Handmade Hand Loom Carpets, Traditional Carpets,
etc. |
|
|
|
|
Exports : |
|
|
Products : |
Hand Loom |
|
Countries : |
·
Dubai ·
Saudi Arabia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Super Market |
|||||||||||||||
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|
|
|||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
The Jammu and Kashmir Bank Limited, Bhadohi, Uttar Pradesh, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Gupta and Company Chartered Accountant |
|
Address : |
771/656, Old Katra, Allahabad – 211002, Uttar Pradesh, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
Equity Shares |
Rs.10/- each |
Rs. Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
Equity Shares |
Rs.10/- each |
Rs. Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
The above information has been parted by Mr. Zafari Ansari (Director)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
100.420 |
100.420 |
100.420 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(33.010) |
(43.898) |
(51.731) |
|
|
NETWORTH |
67.410 |
56.522 |
48.689 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.955 |
26.181 |
21.090 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
51.955 |
26.181 |
21.090 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
119.365 |
82.703 |
69.779 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
34.755 |
35.944 |
37.403 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
168.505
|
37.269 |
30.446 |
|
|
Sundry Debtors |
34.580
|
23.574 |
18.302 |
|
|
Cash & Bank Balances |
2.710
|
1.321 |
10.668 |
|
|
Other Current Assets |
12.345
|
15.036 |
3.928 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
205.795
|
77.200 |
63.344 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
129.804
|
28.667 |
30.445 |
|
|
Other Current Liabilities |
3.726
|
1.774 |
0.523 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
133.530
|
30.441 |
30.968 |
|
|
Net Current Assets |
84.610
|
46.759 |
32.376 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
119.365 |
82.703 |
69.779 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
170.768 |
96.792 |
146.788 |
|
|
|
Other Income |
14.719 |
8.526 |
10.066 |
|
|
|
TOTAL |
185.487 |
105.318 |
156.854 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
17.906 |
12.590 |
22.349 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.538 |
1.518 |
2.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.368 |
11.072 |
20.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.770 |
1.762 |
1.739 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.598 |
9.310 |
18.553 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
140.499 |
69.547 |
73.172 |
|
|
TOTAL EARNINGS |
140.499 |
69.547 |
73.172 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.96
|
8.84 |
12.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.65
|
8.23 |
18.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.16 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.75
|
1.00 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
2.53 |
2.04 |
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 |
Yes |
|
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 |
Yes |
|
10)
Designation of contact person |
Yes |
|
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 |
No |
|
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 |
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 |
FORM 8:
|
Corporate identity number of the company |
U17119UP2000PTC025682 |
|
Name of the company |
EASTERN MILLS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Peerkhanpurroad, Bhadohi – 221401, Uttar
Pradesh, India |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts Immovable Property Movable Property Floating Charge |
|
Particular of charge holder |
The Jammu and Kashmir Bank Limited |
|
Nature of instrument creating charge |
1.Confirmation of Creation / Extension of
Mortgage 2.Hypothecation Agreement dated 01.08.2011 3.Export Credit Agreement 4. Letter of continuity |
|
Date of instrument Creating the charge |
01/08/2011 |
|
Amount secured by the charge |
Rs.117.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest On PCL of Rs.85.000 Millions As per FEBD
Guidelines On PSL LC/NLC of Rs. 30.000 Millions As
per FEBD Guidelines On Cash Credit of Rs. 2.000 Millions as
applicable Margin PCL
: 25 % PSL L/C/NLC: NIL Cash Credit : 40% Extent and Operation of the charge The Bank shall hold first charge on the Properties/
Assets as stated in para 15 below to secure its PCL of Rs. 85.000 Millions,
PSL LC/NLC of Rs. 30.000 Millions and Cash Credit of Rs. 2.000 Millions
aggregating Rs.117.000 Millions |
|
Short particulars of the property charged |
1.Plot No. 21 Min. Area 6 Biswa 11 Dhoor
Situated In Village Mehboobpur, Bhadoi 2.Plot No. 21 Min. Area 12 Biswa 1 Dhoor
Situated In Village Mehboobpur, Bhadoi 3.Plot No. 21 Min. Area 6 Biswa 9 Dhoor Situated In Village Mehboobpur,
Bhadoi 4.Plot No. 21 Min. Area 6 Biswa 11 Dhoor
Situated In Village Mehboobpur, Bhadoi 5.Plot No. 21 Min. Area 1 Bigha 14 Biswa 3
Dhoor Situated In Village Mehboobpur, Bhadoi 6. Plot No
1236 Area 4 Bigha 15 Biswa 19 Dhur
Situated At Village Rayan Badohi Hypothecation Of All Stocks, Stores And
Book Debts Of The Company. |
|
Date of instrument modifying the charge |
04.02.2011 |
|
Particulars of the present modification |
The overall amount of charge is being
enhanced from Rs.52.000 Millions to Rs. 117.000 Millions consisting of PCL of
Rs. 85.000 Millions, PSL of Rs. 30.000 Millions and CC of Rs. 2.000 Millions. |
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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
|
28 |
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.