Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
QUENBY TRANSFERS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. David Christopher Hunt |
|
Status |
Moderate |
Principal Name 2 |
Mr. Walter Thomas Charles Seabrook |
|
|
|
Registration # |
08-037576 |
|
Street Address |
No. 542, IV Phase, Peenya Industrial Area, |
||
|
Established Date |
31.10.2005 |
SIC Code |
-- |
|
Telephone# |
91-80-22896078/79 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22896021 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Cold Peel Transfer Stickers |
|
|
# of employees |
Not Available |
Product Name 2 |
Lithographic Transfer Stickers |
|
Paid up capital |
Rs. 44,100,100/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings (99.99%) Directors or relatives of directors (0.01%) |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
Quenby Transfers Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
32,277,000 |
Current Liabilities |
17,302,000 |
|
Inventories |
14,892,000 |
Long-term Liabilities |
28,154,000
|
|
Fixed Assets |
50,876,000 |
Other Liabilities |
6,147,000 |
|
Deferred Assets |
503,000 |
Total Liabilities |
51,603,000 |
|
Invest& other Assets |
739,000 |
Retained Earnings |
3,584,000 |
|
|
|
Net Worth |
47,684,000 |
|
Total Assets |
99,287,000 |
Total Liab. & Equity |
99,287,000 |
|
Total Assets (Previous Year) |
100,193,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
106,183,000 |
Net Profit |
621,000 |
|
Sales(Previous yr) |
107,156,000 |
Net Profit
(Loss)(Prev.yr) |
(292,000) |
MIRA
INFORM REPORT
|
Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
QUENBY TRANSFERS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 542, IV Phase, Peenya Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.10.2005 |
|
|
|
|
Com. Reg. No.: |
08-037576 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 44.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219KA2005PTC037576 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Cold Peel Transfer Stickers and Lithographic Transfer
Stickers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 : |
No. 542, IV Phase, Peenya Industrial Area, Bangalore-560058, |
|
Tel. No.: |
91-80-22896078/79 |
|
Fax No.: |
91-80-22896021 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. David Christopher Hunt |
|
Designation : |
Director |
|
Address : |
Prestige Clarke Wood, |
|
Date of Birth/Age : |
14.01.1958 |
|
Date of Appointment : |
31.10.2005 |
|
Din No.: |
01642724 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U22219KA2005PTC037576 |
QUENBY TRANSFERS
INDIA PRIVATE LIMITED |
Director |
31-10-05 |
31-10-05 |
Active |
NO |
|
2 |
U51311KA2007PTC041557 |
DC SOURCING SOLUTIONS
AND SERVICES PRIVATE LIMITED |
Director |
23-01-07 |
23-01-07 |
Active |
NO |
|
3 |
U85190KA2009PTC051498 |
MEDITOUR OPTIONS
PRIVATE LIMITED |
Director |
13-11-09 |
13-11-09 |
Active |
NO |
|
Name : |
Mr. Walter Thomas Charles Seabrook |
|
Designation : |
Director |
|
Address : |
Doverbeck Barn Wood, Woodborough, |
|
Date of Birth/Age : |
14.05.1944 |
|
Date of Appointment : |
31.10.2005 |
|
Din No.: |
01393565 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U22219KA2005PTC037576 |
QUENBY TRANSFERS
INDIA PRIVATE LIMITED |
Director |
31-10-05 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Quenby Transfers Limited, |
|
441000 |
|
David Christopher Hunt |
|
1 |
|
Total |
|
441001 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors
or relatives of directors |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cold Peel Transfer Stickers and Lithographic Transfer
Stickers. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raghavan Chaudhuri And Narayanan Chartered Accountant |
|
Address : |
27, Sri Venkateshwara Krupa, 1st |
|
Tel. No.: |
91-80-23361121 / 23361030 / 23361120 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABMPC3671N |
|
|
|
|
Holding Company : |
Quenby Transfers Limited, |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
447731 |
Equity Shares |
Rs. 100/- each |
Rs. 44.773 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
441001 |
Equity Shares Note: Of the above 411000 Equity Shares are held by Quenby Transfers
Limited, United Kingdom, the holding company and 1 Equity Shares is held by
Mr. David Christopher Hunt. |
Rs. 100/- each |
Rs. 44.100
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 |
44.100 |
44.100 |
30.327 |
|
|
2] Share Application Money |
0.000 |
0.000 |
13.773 |
|
|
3] Reserves & Surplus |
3.584 |
3.247 |
3.539 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
47.684 |
47.347 |
47.639 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.478 |
6.874 |
11.894 |
|
|
2] Unsecured Loans |
16.676 |
19.095 |
19.095 |
|
|
TOTAL BORROWING |
28.154 |
25.969 |
30.989 |
|
|
DEFERRED TAX LIABILITIES |
1.649 |
1.223 |
1.123 |
|
|
|
|
|
|
|
|
TOTAL |
77.487 |
74.539 |
79.751 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
50.876 |
45.244 |
47.259 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.503 |
0.363 |
0.383 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.892
|
18.622
|
15.882
|
|
|
Sundry Debtors |
19.693
|
13.375
|
13.054
|
|
|
Cash & Bank Balances |
0.215
|
0.709
|
0.299
|
|
|
Other Current Assets |
0.448
|
8.656
|
6.779
|
|
|
Loans & Advances |
11.921
|
11.212
|
8.545
|
|
Total
Current Assets |
47.169
|
52.574 |
44.559 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.302
|
22.171
|
13.431 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
4.498
|
3.483
|
2.303
|
|
Total
Current Liabilities |
21.800
|
25.654 |
15.734 |
|
|
Net Current Assets |
25.369
|
26.920
|
28.825
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.739 |
2.012 |
3.284 |
|
|
|
|
|
|
|
|
TOTAL |
77.487 |
74.539 |
79.751 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
106.183 |
107.156 |
112.958 |
|
|
|
Other Income |
NA |
4.108 |
0.908 |
|
|
|
TOTAL (A) |
NA |
111.264 |
113.866 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
69.394 |
63.221 |
|
|
|
Administrative Expenses |
|
17.219 |
15.216 |
|
|
|
Deferred Revenue w/o |
|
0.739 |
0.739 |
|
|
|
Increase/(Decrease) in Finished Goods |
NA |
0.844 |
(0.242) |
|
|
|
Selling and Distribution Expenses |
|
13.087 |
16.656 |
|
|
|
Preliminary Expenses W/Off |
|
0.533 |
0.533 |
|
|
|
TOTAL (B) |
NA |
101.816 |
96.123 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
14.354 |
9.448 |
17.743 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.656 |
1.907 |
2.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.698 |
7.541 |
14.898 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.455 |
7.518 |
8.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.244 |
0.023 |
6.457 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.623 |
0.315 |
2.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT
(LOSS)AFTER TAX (G-H) (I) |
0.621 |
(0.292) |
3.653 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.247 |
3.539 |
(0.114) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.868 |
3.247 |
3.539 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
58.100 |
80.300 |
50.300 |
|
|
TOTAL EARNINGS |
58.100 |
80.300 |
50.300 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.42 |
(0.66) |
12.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.17
|
0.02
|
5.72
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.26
|
0.02
|
7.00
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.00
|
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.08
|
1.12
|
1.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16
|
2.05
|
2.83
|
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 |
Yes |
|
8. No. of Employees |
No |
|
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 |
No |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
NOTE:
The registered office of the company has been shifted from No. 23, KIADB
Industrial Area, Bidadi, Ramanagara Taluk and District Bidadi-560008,
BACKGROUND:
Subject was incorporated on 31st October 2005 as a private
limited company under the provisions of the Companies Act, 1956. The company is
a subsidiary of Quenby Transfers Limited United Kingdom. The company
manufactures printed transfers applied by heat press method to garments as
embellishment.
FORM 8 :
|
Corporate
identity number of the company |
U22219KA2005PTC037576 |
|
Name of the
company |
QUENBY TRANSFERS
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 542, IV Phase, Peenya Industrial Area, Bangalore-560058, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80039009 |
|
Type of charge |
Book Debts Movable
Property (not being pledge) |
|
Particular of
charge holder |
State Bank of
India, Bangalore City Branch, No. 22, E-mail : prasannakpk@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Agreement of Loan – Cum – Hypothecation SME - 4 |
|
Date of
instrument Creating the charge |
04.06.2011 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest : Interest on WC : 6.50%
above base rate (8.25%) effective rate 14.75% p.a; Interest on TL-1: 7.25% above base rate
(8.25%) effective rate 15.50% p.a ;
Interest on TL-2 : 6.75% above base rate (8.25%) eff rate 15% p.a. Terms of Repayment : CASH CREDIT: On
Demand. TERM LOAN 1, 2:
The repayment fixed earlier will continue. Margin : RAW MATERIAL Domestic :
25% Imported :
25% SIP : 25% FG : 25% Receivables
(Cover 90 Days) : 25% Extent and Operation of the charge : Hypothecation charge
over entire stocks, book debts, other current assets, plant and machineries
and other movable assets to secure the entire credit facilities of Rs. 40.000
Millions (CC STOCKS: Rs.
4.000 Millions, CC REC: Rs. 6.000 Millions and TL 1 : Rs. 18.000 Millions, TL
2: Rs. 12.000 Millions) |
|
Short particulars
of the property charged |
Hypothecation of
present and future entire stocks of raw materials, semi finished and finished
goods, book debts, receivables and other current assets of the company. Hypothecation of
all plant and machineries and other movables asset of the company belonging
to the company. |
|
Particulars of
the present modification |
Total limits
enhanced from Rs. 25.500 Millions to Rs. 40.000 Millions (CC STOCKS : Rs.
4.000 Millions, CC REC : Rs. 6.000 Millions, TL 1 : Rs. 18.000 Millions ,TL 2
: 12.000 Millions) All other terms
and conditions incl. all existing securities to continue for the enhanced
limits. |
FIXED ASSETS :
·
Plant and Machinery
·
Motor Vehicles
·
Computers
·
Office Equipments
·
Tools
·
Furniture
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
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
27 |
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.