|
Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
BESTO TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9th Floor, B D Patel House, Naranpura, Ahmedabad – 380014, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.04.1997 |
|
|
|
|
Com. Reg. No.: |
04-032191 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100GJ1997PTC032191 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Cotton, |
|
|
|
|
No. of Employees
: |
Not Available |
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 150000 |
|
|
|
|
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
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) |
|
|
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 : |
9th Floor, B D Patel House, Naranpura, Ahmedabad – 380014, Gujarat,
India |
|
Tel. No.: |
91-79-27682672 / 27682671 |
|
Fax No.: |
91-79-30020227 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rakesh Bhailalbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Sthanakvasi Jain Society, Near Naranpura Railway Crossing,
Ahmedabad – 3850013, Gujarat, India |
|
Date of Birth/Age : |
04.11.1964 |
|
Date of Appointment : |
28.04.1997 |
|
DIN No.: |
00681700 |
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 |
U65910GJ1979PTC003298 |
BECON
INVESTMENTS PRIVATE LIMITED |
Director |
02-09-86 |
02-09-86 |
- |
Active |
NO |
|
2 |
U65910GJ1979PTC003295 |
BUSINESS
INVESTMENT PRIVATE LIMITED |
Director |
02-09-88 |
02-09-88 |
31-03-11 |
Active |
NO |
|
3 |
U51909GJ1978PTC003234 |
B D
COTTON PRIVATE LIMITED |
Director |
02-09-88 |
02-09-88 |
- |
Active |
NO |
|
4 |
U17119GJ1989PTC013011 |
RAJSHREE
TEXTILES PRIVATE LIMITED |
Director |
20-11-89 |
20-11-89 |
- |
Active |
NO |
|
5 |
U24241GJ1990PTC014812 |
VISHAL
DETERGENTS PRIVATE LIMITED |
Director |
27-12-90 |
27-12-90 |
- |
Under
Process of Striking off |
NO |
|
6 |
U93090GJ1993PTC018877 |
CONCEPT
DATAMATIC PRIVATE LIMITED |
Director |
09-05-94 |
09-05-94 |
- |
Active |
NO |
|
7 |
U51100GJ1997PTC032191 |
BESTO
TRADELINK PRIVATE LIMITED |
Director |
28-04-97 |
28-04-97 |
- |
Active |
NO |
|
8 |
U51900MH1994PLC077293 |
B D
OVERSEAS AND FISCAL SERVICES LIMITED |
Director |
28-04-97 |
28-04-97 |
- |
Active |
NO |
|
9 |
U24114GJ2000PTC038472 |
B D
BIO-TECH ENTERPRISE PRIVATE LIMITED |
Director |
08-08-00 |
08-08-00 |
- |
Active |
NO |
|
10 |
U17119GJ1993PLC020597 |
GUJARAT
FIBROTECH (INDIA) LIMITED |
Director |
13-11-00 |
13-11-00 |
- |
Active |
NO |
|
11 |
U45201GJ1987PLC010205 |
OMRIM
SECURITIES LIMITED |
Director |
01-12-05 |
01-12-05 |
- |
Active |
NO |
|
Name : |
Mr. Anilkumar Jeshingbhai Patel |
|
Designation : |
Director |
|
Address : |
I-302, Vishvash City-2, Opposite Sayona City, Ghatlodia, Ahmedabad –
380061, Gujarat, India |
|
Date of Birth/Age : |
01.06.1957 |
|
Date of Appointment : |
04.01.2010 |
|
DIN No.: |
02905054 |
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 |
U51100GJ1997PTC032191 |
BESTO
TRADELINK PRIVATE LIMITED |
Director |
04-01-10 |
04-01-10 |
- |
Active |
NO |
|
2 |
U51900GJ2011PTC063715 |
LIMN
TRADELINK PRIVATE LIMITED |
Director |
19-01-11 |
19-01-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rakesh Bhailalbhai Patel |
|
549600 |
|
Harshadrai K Mehta |
|
100 |
|
Rakesh B. Patel |
|
50000 |
|
Rakesh B. Patel |
|
530000 |
|
Chhaya R Patel |
|
150100 |
|
Mukesh Thakkar |
|
100 |
|
Chhaya R Patel |
|
20000 |
|
Anil J Patel |
|
100 |
|
Total |
|
1300000 |
List of Allottees
|
Names of Allotees |
|
No. of Shares
Allotted |
|
|
|
|
|
Rakesh B. Patel |
|
50000 |
|
Chhaya R. Patel |
|
50000 |
|
Total |
|
100000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.98 |
|
Others |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Cotton, Iron Ore and Food Grain. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Maharashtra, Bhadra Branch,
Mavalankarhaveli, Bhadra, Aldarwaja,
Ahmedabad - 380001, Gujarat, India ·
Bank of Madura Limited, Ahmedabad, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ravindra G. Patel and Company Chartered Accountants |
|
Address : |
A 9, Capital Commercial Centre, Ashram Road, Ahmedabad – 380014,
Gujarat, India |
|
Mobile No.: |
91-9327066697 |
|
E-Mail : |
|
|
PAN.: |
AASPP2755R |
|
|
|
|
Related Parties : |
·
Baldevbhai Dosabhai Cotton Company ·
B D Estate Trust ·
B D Overseas and Fiscal Services Limited ·
Prayer Investtrade Company Private Limited ·
Omrim Securities Limited |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs.13.000
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 |
13.000 |
13.000 |
12.500 |
|
|
2] Share Application Money |
10.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.389 |
10.111 |
2.177 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.389 |
23.111 |
14.677 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
53.289 |
14.062 |
33.151 |
|
|
2] Unsecured Loans |
6.655 |
8.280 |
15.879 |
|
|
TOTAL BORROWING |
59.944 |
22.342 |
49.030 |
|
|
DEFERRED TAX LIABILITIES |
0.040 |
0.000 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
96.373 |
45.453 |
63.721 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.679 |
0.242 |
0.341 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.095 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.183
|
5.570 |
16.516 |
|
|
Sundry Debtors |
141.186
|
64.462 |
33.036 |
|
|
Cash & Bank Balances |
3.138
|
3.222 |
3.408 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
22.687
|
25.844 |
45.638 |
|
Total
Current Assets |
186.194
|
99.098 |
98.598 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.080
|
46.868 |
28.540 |
|
|
Other Current Liabilities |
1.961
|
5.581 |
6.576 |
|
|
Provisions |
1.575
|
1.573 |
0.351 |
|
Total
Current Liabilities |
90.616
|
54.022 |
35.467 |
|
|
Net Current Assets |
95.578
|
45.076 |
63.131 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.116 |
0.135 |
0.154 |
|
|
|
|
|
|
|
|
TOTAL |
96.373 |
45.453 |
63.721 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
521.245 |
320.921 |
132.607 |
|
|
|
Other Income |
1.782 |
2.431 |
8.109 |
|
|
|
TOTAL (A) |
523.027 |
323.352 |
140.716 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Finished Goods |
506.663 |
286.957 |
132.709 |
|
|
|
Direct Expenses |
14.299 |
0.803 |
0.707 |
|
|
|
Operating Expenses |
4.122 |
10.765 |
4.903 |
|
|
|
Bad Debt Written Off |
0.000 |
1.118 |
0.000 |
|
|
|
(Increase) / Decrease in stock |
(13.614) |
10.946 |
(5.500) |
|
|
|
TOTAL (B) |
511.470 |
310.589 |
132.819 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.557 |
12.763 |
7.897 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.609 |
7.640 |
6.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.948 |
5.123 |
0.967 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.055 |
0.130 |
0.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.893 |
4.993 |
0.823 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.615 |
1.559 |
0.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.278 |
3.434 |
0.483 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.611 |
2.177 |
1.694 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.889 |
5.611 |
2.177 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
17.940 |
0.000 |
30.958 |
|
|
|
Other Earnings |
17.636 |
0.415 |
31.853 |
|
|
TOTAL EARNINGS |
35.576 |
0.415 |
62.811 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
0.289 |
0.000 |
7.087 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.52 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.63
|
1.06 |
0.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.94
|
1.56 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.62
|
5.03 |
0.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.22 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.14
|
3.30 |
5.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.83 |
2.78 |
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 |
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 (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
Operation:
During the year company has made profit of Rs.4.893 Millions. The directors
are confident to strengthen the financial positions as well as operation of the
company in future.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U51100GJ1997PTC032191 |
|
Name of the company |
BESTO TRADELINK PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
9th Floor, B D Patel House, Naranpura, Ahmedabad – 380014, Gujarat,
India E-mail : bestotradelink@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10071279 |
|
Type of charge |
Book debts Others (Hypothecation of Stock and Book Debts and Lien on Bill |
|
Particular of charge holder |
Bank of Maharashtra, Bhadra Branch, Mavalankarhaveli, Bhadra, Aldarwaja, Ahmedabad - 380001, Gujarat,
India E-mail : bom213@mahabank.co.in |
|
Nature of instrument creating charge |
Composite deed of hypothecation for all facilities. |
|
Date of instrument Creating the charge |
30.06.2011 |
|
Amount secured by the charge |
Rs.90.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Base Rate + 4.50% Terms of Repayment Renewal every year to be done on or before 8th july, 2012 based on
audited financials as of march, 2012 and so on every year. Margin 25% Extent and Operation of the charge Charges to the extent of Rs.90.000 Millions (Rs.60.000 Millions
against stock and book debts and Rs.30.000 Millions against stock and lien on
export bills purchased) and operation of charge as per the terms of
agreement. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First and exclusive charge and security by way of hypothecation charge
in favour of bank over borrower's present and future movables |
|
Date of instrument modifying the charge |
26.04.2010 |
|
Particulars of the present modification |
Earlier out of total c.c. of Rs.60.000 Millions sub limit of Rs.37.500
Millions of C.C. and Rs.22.500 Millions of bills discounting under
irrevocable L.C. is now changed to total C.C. of Rs.90.000 Millions sub limit
of Rs.60.000 Millions as C.C. and Rs.30.000 Millions as P.C./FOBN/FOBD. |
Fixed Assets:
·
Computer
·
Vehicles
·
Scooter
·
Mobile Phone
·
Office Equipments
·
Television
·
D G Set
·
Xerox Machine
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.54.39 |
|
|
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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.