MIRA
INFORM REPORT
|
Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
AEROTECH EQUIPMENTS AND PROJECTS PRIVATE LIMITED |
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Registered
Office : |
Plot No. B-75, 3rd Floor, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
13.12.2002 |
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Com. Reg. No.: |
55-118035 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.950
Million |
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CIN No.: [Company Identification
No.] |
U74999DL2002PTC118035 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Industrial Blower, Exhaust Fan, Air
Purifiers System, etc. |
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No. of Employees
: |
30 (Approximately) |
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 7000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vikas Saxena |
|
Designation : |
Director |
|
Contact No.: |
91-9810162210 |
|
Date : |
10.11.2012 |
LOCATIONS
|
Registered Office : |
Plot No. B-75, 3rd Floor, Vishwas Park, Uttam Nagar, New
Delhi – 110059, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810162210 (Mr. Vikas Saxena) |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
Area : |
400 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
101 - A, Ansal's Sumedha, Raj Nagar, District Centre, |
|
Tel. No.: |
91-120-6454065 / 2827513 |
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Fax No.: |
91-120-2821513 |
|
Website : |
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Factory 1 : |
E-1, Buland Shahar Road Industrial Area, Ghaziabad - 201001, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-2821513 / 2827513 / 6454065 / 4131036 |
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Fax No.: |
91-120-2821513 |
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|
|
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Factory 2 : |
Plot No. 189, Eco-tech Extension 1, Eco-tech, District Gautam
Budh Greater Noida-201001 Uttar
Pradesh India |
|
Tel. No.: |
91-120-2341245 - 47 |
|
Fax No.: |
91-120-2341246 |
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vikas Saxena |
|
Designation : |
Director |
|
Address : |
Flat No. 9083, ATS Paradise, Sector CHI – 04, Gautam Budh Nagar,
Greater Noida - 201308, Uttar Pradesh, India |
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Date of Birth/Age : |
14.01.1973 |
|
Date of Appointment : |
13.12.2002 |
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DIN No.: |
01397334 |
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|
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|
Name : |
Mrs. Sarita Saxena |
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Designation : |
Director |
|
Address : |
Flat No. 9083, ATS Paradise, Sector CHI – 04, Gautam Budh Nagar,
Greater Noida - 201308, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.03.1975 |
|
Date of Appointment : |
14.05.2004 |
|
DIN No.: |
01404381 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vikas Saxena |
|
73000 |
|
Sarita Saxena |
|
22000 |
|
Total |
|
95000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Blower, Exhaust Fan, Air
Purifiers System, etc. |
|
|
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|
Products : |
Centrifugal
Blowers
Axial Flow
Fans
Fan Impellers
Other Products
Projects
|
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Exports : |
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Products : |
Root Entatea and Exhaust Fan |
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Countries : |
Ø UAE Ø Switzerland Ø Nigeria Ø Pakistan Ø Indonesia |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Arctic India Private Limited, Gurgaon |
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Customers : |
End Users Ø
Paharpur India Limited,
Ghaziabad Ø
Ranbaxy Labs Limited,
Punjab |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
Ø HDFC Bank
Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai –
400013, Maharashtra, India Ø HDFC Bank
Limited, Greater Noida, Uttar
Pradesh, India Ø Union Bank of
India, Ghaziabad, Uttar Pradesh,
India |
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Facilities : |
OD – Rs. 5.000 Millions [HDFC Bank Limited]
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B K Kapur and Company Chartered Accountants |
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Address : |
17, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
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Tel. No.: |
91-120-2790947 / 2790951 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFB2355L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.950
Million |
|
|
|
|
|
c) Shares in the company held by each shareholder holding more than 5%
shares
|
Name of the Equity Shareholders |
No. of Shares
held |
Percentage |
|
Vikas Saxena |
73000 |
76.84 |
|
Sarita Saxena |
22000 |
23.16 |
d) There are the number of shares reserved for issue under option and
contracts/ commitment for the sale of shares/ disinvestment including the terms
and amounts.
e) For the period of five years immediately preceeding the date at which
the balance sheet is prepared
|
Particulars |
No. of Shares |
|
Aggregating number and class of shares
allotted as fully paid up pursuant to Contract without payment being received
in cash. |
Nil |
|
Aggregating number and class of shares allotted
as fully paid up by way of bonus shares |
Nil |
|
Aggregating number and class of shares
bought back |
Nil |
f) There are no securities convertible into Equity preferential shares.
g) There are no calls unpaid including cells unpaid by Directors and
Officers as on balance sheet date.
|
h) Reconciliation of No. of Shares Outstanding: |
31.03.2012 |
31.03.2011 |
|
|
95000 |
95000 |
i) Terms and condition of Equity Shares
1. The company has one class of Equity Shares
having a par value of Rs. 10/- each.
2. Each Shareholder is eligible for one vote
per shares held.
3. The Dividend, if any, proposed by the Board
of Directors is subject to the approval of shareholders in the Annual General
Meeting, except in the case of Interim dividend.
4. In the event of liquidation, the Equity
Shareholders are eligible to receive the remaining assets of the Company after
distribution of all preferential amounts, in proportion of their shareholding.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.950 |
0.950 |
0.950 |
|
|
2] Share Application Money |
0.530 |
1.060 |
1.060 |
|
|
3] Reserves & Surplus |
0.346 |
0.099 |
0.037 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.826 |
2.109 |
2.047 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.572 |
0.211 |
0.243 |
|
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2] Unsecured Loans |
3.942 |
3.495 |
1.565 |
|
|
TOTAL BORROWING |
4.514 |
3.706 |
1.808 |
|
|
DEFERRED TAX LIABILITIES |
0.048 |
0.004 |
0.002 |
|
|
DEFERRED PAYMENT CREDIT TO GREATER NOIDA |
0.000 |
0.000 |
0.154 |
|
|
|
|
|
|
|
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TOTAL |
6.388 |
5.819 |
4.011 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.816 |
3.833 |
4.003 |
|
|
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 |
0.639
|
1.166 |
1.889
|
|
|
Sundry Debtors |
2.095
|
2.673 |
2.088
|
|
|
Cash & Bank Balances |
1.030
|
1.040 |
0.008
|
|
|
Other Current Assets |
0.000
|
0.002 |
0.000
|
|
|
Loans & Advances |
0.444
|
3.956 |
0.321
|
|
Total
Current Assets |
4.208
|
8.837 |
4.306
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.837
|
4.456 |
3.219
|
|
|
Other Current Liabilities |
1.563
|
2.230 |
1.064
|
|
|
Provisions |
0.236
|
0.165 |
0.019
|
|
Total
Current Liabilities |
6.636
|
6.851 |
4.302
|
|
|
Net Current Assets |
(2.428)
|
1.986 |
0.004
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
6.388 |
5.819 |
4.011 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
11.815 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
20.000
(Approximately) |
16.448 |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
16.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.351 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
N.A. |
0.097 |
0.068 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
N.A. |
0.032 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
N.A. |
0.065 |
0.065 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
N.A. |
-- |
0.68 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
|
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 30.000 Millions
The above information has been parted by Mr. Vikas Saxena (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A.
|
0.40 |
N.A.
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A.
|
N.A.
|
0.57
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A.
|
0.77 |
0.82
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A.
|
0.05 |
0.03
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.11 |
5.01 |
2.98
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.63 |
1.29 |
1.00
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999DL2002PTC118035 |
|
Name of the
company |
AEROTECH EQUIPMENTS
AND PROJECTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. B-75,
3rd Floor, Vishwas Park, Uttam Nagar,
New Delhi - 110059, India Email: aerotechfans@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai –
400013, Maharashtra, India CIN No.:
L65920MH1994PLC080618 Email: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
09.06.2012 |
|
Amount secured by
the charge |
Rs. 5.028
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment on demand Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds in respect of
its immovable properties as stated for the due repayment of Rs.5.028 Millions
by the Company including principal amount of the Facility, interest,
liquidated damages, costs, charges and expenses etc. Others NIL. |
|
Short particulars
of the property charged |
Immovable
property being Plot No.189, Extension, Ecotech-1, Greater Noida, Uttar
Pradesh, India |
TRADE REFERENCES:
Ø
Paharpur India Limited,
Ghaziabad [Mr. Navin Jain]
Ø
Ranbaxy Labs Limited,
Punjab [Mr. Rajiv Angra]
Ø
Arctic India Private
Limited, Gurgaon
FIXED ASSETS:
Ø
Leasehold Land
Ø
Building
Ø
Plant and Machinery
Ø
Office Equipment
Ø
Computer
Ø
Generator
Ø
Motor Vehicle
Ø
Office 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 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. 54.34 |
|
|
1 |
Rs. 86.97 |
|
Euro |
1 |
Rs. 69.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
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.