1. Summary Information
|
|
|
Country |
|
|
Company Name |
Dee Kay Vision Private Limited |
Principal Name 1 |
Mr. Davinder Paul Dhawan |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Surinder Pal Dhawan |
|
|
|
Registration # |
16-25080 |
|
Street Address |
SCF-17 Goal Market, Model Town, Ludhiana – 141 001, Punjab, India |
||
|
Established Date |
17.04.2002 |
SIC Code |
-- |
|
Telephone# |
91-161-5027070/ 5027171 |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Electronics Appliances. |
|
# of employees |
5
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,600,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
Yes Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
10 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
12,433,000 |
Current Liabilities |
17,636,000 |
|
Inventories |
30,068,000 |
Long-term Liabilities |
18,283,000 |
|
Fixed Assets |
7,381,000 |
Other Liabilities |
1,795,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
37,714,000 |
|
Invest& other Assets |
194,000 |
Retained Earnings |
9,762,000 |
|
|
|
Net Worth |
12,362,000 |
|
Total Assets |
50,076,000 |
Total Liab. & Equity |
50,076,000 |
|
Total Assets (Previous Year) |
41,820,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
210,715,000 |
Net Profit |
2,764,000 |
|
Sales(Previous yr) |
187,211,000 |
Net Profit(Prev.yr) |
2,228,000 |
|
Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DEE KAY VISION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SCF-17 Goal Market, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.04.2002 |
|
|
|
|
Com. Reg. No.: |
16-25080 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52334PB2002PTC025080 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDD00870C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD6107H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in Electronics Appliances.
|
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 50000 |
|
|
|
|
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 dealing 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 : |
SCF-17 Goal Market, |
|
Tel. No.: |
91-161-5027070/ 5027171 |
|
Mobile No.: |
91-9815675454 (Mr. Hari Om Wadwa) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
SCO-4-5, Madhya Marg, Sector 8-C, Chandigarh – 160008, Punjab, India |
|
Tel. No.: |
91-172-5075353/ 5075454/ 5085217/ 3048820 |
|
Fax No.: |
91-172-5075353 |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Davinder Paul Dhawan |
|
Designation : |
Managing Director |
|
Address : |
SCF-17 Goal Market, |
|
Date of Birth/Age : |
15.03.1955 |
|
Date of Appointment : |
17.04.2002 |
|
DIN No.: |
01645094 |
|
|
|
|
Name : |
Mr. Surinder Pal Dhawan |
|
Designation : |
Whole Time Director |
|
Address : |
SCF-17 Goal Market, |
|
Date of Birth/Age : |
15.12.1957 |
|
Date of Appointment : |
17.04.2002 |
|
DIN No.: |
01642197 |
|
|
|
|
Name : |
Mr. Ashok Dhawan |
|
Designation : |
Director |
|
Address : |
SCF-17 Goal Market, |
|
Date of Birth/Age : |
05.05.1959 |
|
Date of Appointment : |
17.04.2002 |
|
DIN No.: |
00902720 |
|
|
|
|
Name : |
Mr. Raj Kumar Dhawan |
|
Designation : |
Whole Time Director |
|
Address : |
218, Sector – 12, Panchkula, Haryana, India |
|
Date of Birth/Age : |
01.04.1966 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
01642446 |
|
|
|
|
Name : |
Mr. Rajinder Mohan Soi |
|
Designation : |
Whole Time Director |
|
Address : |
313, Sector 44A, Chandigarh, Punjab, India |
|
Date of Birth/Age : |
14.05.1961 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
01642143 |
|
|
|
|
Name : |
Mr. Hari Om Wadhwa |
|
Designation : |
Whole Time Director |
|
Address : |
24-C, Bhai Randhir Singh Nagar, |
|
Date of Birth/Age : |
07.07.1956 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
01642116 |
KEY EXECUTIVES
|
Name : |
Ms. Jasneet Kaur |
|
Designation : |
Company Secretary |
|
Address : |
S.C.O. 6, 3rd Floor, Feroze Gandhi Market, Ludhiana – 141
001, Punjab, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Davinder Paul Dhawan |
|
25 |
|
Surinder Paul Dhawan |
|
25 |
|
Ashok Dhawan |
|
63300 |
|
Raj Kumar Dhawan |
|
25 |
|
Narinder Kumar Dhawan |
|
25 |
|
Rajinder Mohan Soi |
|
113300 |
|
Sumedha Wadhawa |
|
20000 |
|
Hari Om Wadhwa (HUF) |
|
20000 |
|
Pranav Wadhwa |
|
10000 |
|
Rishabh Wadhwa |
|
8000 |
|
Hari Om Wadhwa |
|
25300 |
|
|
|
|
|
Total |
|
260000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Electronics Appliances.
|
GENERAL INFORMATION
|
Suppliers : |
v
Banarsi Das Lalji Das and Company v
Dee Kay Electronics v
Dee Kay Electro vision v
Digital Techniques Inc. v
Grewal Electricals v
Navrang Electro World v
Pannu Electronics v
Paras Sales Corporation v
Samsung India Electronics Private Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
v
Aryan Enterprises v
Bhandari Export Industries Limited v
Deekay Electronics v
Lakshmi Energy and Foods Limited v
Reliance Industries Limited v
Sagar Educational Trust v
Hike Distributors Private Limited v
Maruti Suzuki India Limited v
Tri-Star Trading Private Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
5 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· The Federal Bank Limited Ghumar Mandi, Ludhiana – 141001, Punjab, India ·
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli Mumbai – 400018, Maharashtra, India ·
ICICI Bank ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Aneja and Associates Chartered Accountants |
|
Address : |
Office No.3, 4th Floor, Noble Enclave, Bhaibala Chowk,
Ferozpur Road, Ludhiana - 141 001, Punjab, India |
|
Tel No.: |
91-161-2772759/ 508620 |
|
PAN No.: |
AASPA9655R |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000 |
Equity Shares |
Rs.10/- each |
Rs.2.600
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 |
2.600 |
2.600 |
2.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.762 |
6.997 |
4.798 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.362 |
9.597 |
7.398 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.695 |
8.420 |
7.501 |
|
|
2] Unsecured Loans |
6.588 |
6.445 |
6.380 |
|
|
TOTAL BORROWING |
18.283 |
14.865 |
13.881 |
|
|
DEFERRED TAX LIABILITIES |
0.557 |
0.521 |
0.210 |
|
|
|
|
|
|
|
|
TOTAL |
31.202 |
24.983 |
21.489 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.381 |
7.479 |
6.938 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.185 |
0.185 |
0.185 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.068
|
24.209
|
19.175
|
|
|
Sundry Debtors |
7.715
|
5.828
|
3.478
|
|
|
Cash & Bank Balances |
2.032
|
1.942
|
1.473
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.686
|
2.158
|
1.116
|
|
Total
Current Assets |
42.501
|
34.137
|
25.242
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
12.514
|
12.376
|
8.910
|
|
|
Other Current Liabilities |
5.122
|
3.536
|
1.995
|
|
|
Provisions |
1.238
|
0.925
|
0.000
|
|
Total
Current Liabilities |
18.874
|
16.837
|
10.905
|
|
|
Net Current Assets |
23.627
|
17.300
|
14.337
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.009 |
0.019 |
0.029 |
|
|
|
|
|
|
|
|
TOTAL |
31.202 |
24.983 |
21.489 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
210.715 |
187.211 |
158.945 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
205.960 |
183.136 |
156.282 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.755 |
4.075 |
2.663 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.716 |
0.612 |
0.634 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.039 |
3.463 |
2.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.275 |
1.235 |
0.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.764 |
2.228 |
1.297 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.63 |
8.76 |
4.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.31
|
1.19 |
0.82
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.10
|
8.32 |
6.31
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.36 |
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.01
|
3.30 |
3.35
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25
|
2.02 |
2.31
|
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
WORKING OF THE
COMPANY:
During the year the company achieved total income of Rs.210.715 Millions
as against Rs.187.211 Millions during the previous year which shows a growth of
12.55%. However the company earned a net profit of Rs.4.039 Millions as
compared to Rs.3.464 Millions during the previous year. The company expects
better results during coming year.
FORM NO. 8
|
Corporate
identity number of the company |
U52334PB2002PTC025080 |
|
Name of the
company |
DEE KAY VISION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
SCF 17, Goal Market Model Town, Ludhiana – 141001, Punjab, India |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
10228383 |
|
Type of charge |
·
Book
Debts ·
Movable
property (Not being Pledge) ·
Floating
Charge ·
Others:
Entire Current Assets (Both Present and Future). |
|
Particular of
charge holder |
Yes Bank Limited 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation dated 27.12.2010 |
|
Date of
instrument Creating the charge |
27.12.2010 |
|
Amount secured by
the charge |
Rs.15.000
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
·
Rate
of interest Cash Credit- Yes
Bank's Base Rate (YBLBR) plus 4.50% per annum. Current YBLBR is 8% p.a. Effective rate of interest is 12.50% per
annum. ·
Terms
of repayment Repayable on
Demand ·
Margin 25% on book debts
(not more than 90 days old) plus stocks minus creditors ·
Extent
and operation of the charge Exclusive charge by
way of hypothecation on entire current assets of the company (both present
and future) |
|
Particulars of
the property charged |
Entire current
assets of the company (both present and future). |
|
Particulars of the present modification |
Cash Credit facility
of Rs.11.000 Millions has been enhanced to Rs.15.000 Millions |
FIXED ASSETS:
v
Ape Three Wheeler
v
Furniture and Fixture
v
Air Conditioner
v
Computer
v
Printer
v
Generator
v
Renovation
v
Scooter
v
Elevator
v
Car
v
Tea and Coffee Machine
v
Laptop
v
Vaccum Cleaner
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.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.