MIRA
INFORM REPORT
|
Report Date : |
23.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
STG HEATING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, |
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
22.04.2009 |
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|
Com. Reg. No.: |
11-191920 |
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Capital Investment
/ Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29268MH2009PTC191920 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS6344E |
|
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|
|
Legal Form : |
Private limited liability company |
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Line of Business
: |
Trader, Exporter and Importer of Oil, Gas Fired Steam Boilers etc |
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|
|
|
No. of Employees : |
54 (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 80000 |
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|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There
appears some dip in the portability of the company in the current financial
year. However, networth appears to be satisfactory. 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 dealings 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.
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. Naresh Darji |
|
Designation : |
Deputy General Manager (Accounts) |
|
Date : |
22.11.2012 |
LOCATIONS
|
Registered Office : |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, |
|
Tel. No.: |
91-22-24184009 |
|
Fax No.: |
91-22-24175858 |
|
E-Mail : |
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|
Website : |
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|
Area : |
1500 sq. ft. (approximately) |
|
Location : |
Owned |
|
|
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|
Branch Office: |
10, Avatar Enclave, 2nd Floor, Near shamrock Bells, Ring
Road, Paschim Vihar, New Delhi-110 063, |
|
Tel. No.: |
91-11-25277051/25273453 |
|
Fax No.: |
91-11-25273453 |
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E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mahasukhlal Popatlal Shah |
|
Designation : |
Director |
|
Address : |
17, Sharda, |
|
Date of Birth/Age : |
19.05.1937 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
00073676 |
|
|
|
|
Name : |
Mr. Ajay Narrottam Tanna |
|
Designation : |
Managing Director |
|
Address : |
Mumbai Middle Class CHS, Gope Niwas, 32-275, Sion (East), Mumbai-400
022, |
|
Date of Birth/Age : |
01.05.1965 |
|
Date of Appointment : |
01.07.2009 |
|
DIN No.: |
01302100 |
|
|
|
|
Name : |
Mr. Rohan Mahasukh Shah |
|
Designation : |
Director |
|
Address : |
18, Owner’s Court, 4th Floor, |
|
Date of Birth/Age : |
31.12.1974 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
01533484 |
|
|
|
|
Name : |
Mr. Ashok Narottam Tanna |
|
Designation : |
Director |
|
Address : |
Mumbai Middle Class CHS, Gope Niwas, Sion (East), Mumbai-400 022, |
|
Date of Birth/Age : |
10.05.1964 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
01584634 |
|
|
|
|
Name : |
Mr. Narayan Sagri karanth |
|
Designation : |
Director |
|
Address : |
25F, Nivedita Enclave, Paschim Vihar, Delhi – 1110163, India |
|
Date of Appointment : |
01.01.2012 |
|
DIN No.: |
05173015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Narottam Shah |
|
25000 |
|
Ajay Narrottam Shah |
|
25000 |
|
Rohan Mahasukh Shah |
|
25000 |
|
M. P. Shah |
|
25000 |
|
Total |
|
100000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Oil, Gas Fired Steam Boilers etc |
|
|
|
|
Products : |
·
Air Compressor ·
Coils ·
Flame Detector
|
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Exports : |
|
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Products : |
Oil, Gas Fired Steam Boilers etc |
|
Countries : |
·
Singapore ·
Sri Lanka ·
South Africa ·
Uganda |
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Imports : |
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Products : |
Oil, Gas Fired Steam Boilers etc |
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Countries : |
·
Italy ·
UK ·
USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Dev Traders |
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Customers : |
End Users ·
Britannia Limited |
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No. of Employees : |
54 (Approximately) |
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Bankers : |
The Saraswat Company Operative Bank Limited, Dadar, Mumbai-400 028, |
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Facilities : |
B. G.
: Rs.10.000 Millions (From The Saraswat Company Operative Bank
Limited)
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Banking
Relations : |
- |
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Auditors : |
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||||||||||||||||
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Name : |
C M Gabhawala and Company Chartered Accountants |
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Address : |
42,Nanik Nivas, 30, Dr. D D Sathe Marg, Girgaum, Mumbai-400 006, |
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Tel. No.: |
91-22-23880101/23823923 |
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Fax No.: |
91-22-23850931 |
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E-Mail : |
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PAN No.: |
AAAFC1255D |
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Subsidies : |
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Associates : |
·
STG Infrastructure Private Limited CIN
No.: U29268MH2010PTC201717 ·
PAT Technologies Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- Each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- Each |
Rs.1.000 million |
Notes:
Reconciliation of the
number of shares and amount outstanding at the beginning and at the end of the
reporting period:
|
Particulars |
Opening Balance |
Fresh Issue |
Closing Balance |
|
Equity shares with voting rights |
|
|
|
|
Year ended 31 March, 2012 |
|
|
|
|
- Number of shares |
10000 |
90000 |
100000 |
|
- Amount (Rs. In Millions) |
0.100 |
0.900 |
1.000 |
|
Year ended 31 March. 2011 |
|
|
|
|
- Number of shares |
10000 |
-- |
10000 |
|
- Amount (Rs. In Millions) |
0.100 |
-- |
0.100 |
Details of shares
held by each shareholder holding more than 5% shares;
|
Class of shares /
Name of shareholder |
As at 31 March, 3012 |
|
|
Number of shares held |
% holding in that class of shares |
|
|
Equity shares |
|
|
|
- Ashok Tanna |
25000 |
25% |
|
- Ajay Tanna |
25000 |
25% |
|
- M P Shah |
25000 |
25% |
|
- Rohan M Shah |
25000 |
25% |
|
Total |
100000 |
100% |
|
Particulars |
As at 31 March, 2012 |
|
Rs. In Millions |
|
|
(a) Surplus in Statement of Profit and Loss opening balance |
12.837 |
|
Add: Profit for the year |
6.068 |
|
Closing balance |
18.905 |
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 |
1.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.905 |
12.835 |
0.016 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.905 |
12.935 |
0.116 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
9.548 |
14.774 |
3.200 |
|
|
TOTAL BORROWING |
9.548 |
14.774 |
3.200 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.044 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
29.453 |
27.753 |
3.316 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.887 |
0.793 |
0.010 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
2.537 |
2.537 |
|
|
DEFERREX TAX ASSETS |
0.028 |
0.000 |
0.000 |
|
|
Other Non-Current Assets |
0.015 |
0.022 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.530
|
36.939 |
0.000 |
|
|
Sundry Debtors |
32.834
|
21.455 |
0.663 |
|
|
Cash & Bank Balances |
8.501
|
4.485 |
0.871 |
|
|
Other Current Assets |
0.008
|
0.008 |
0.000 |
|
|
Loans & Advances |
13.495
|
3.948 |
0.982 |
|
Total
Current Assets |
93.368
|
66.835 |
2.516 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.857
|
33.373 |
0.871 |
|
|
Other Current Liabilities |
15.323
|
6.841 |
0.907 |
|
|
Provisions |
11.690
|
2.220 |
0.008 |
|
Total
Current Liabilities |
64.870
|
42.434 |
1.786 |
|
|
Net Current Assets |
28.498
|
24.401 |
0.730 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
29.453 |
27.753 |
3.316 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
195.501 |
122.080 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
3.761 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
3.737 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.682 |
18.169 |
NA |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.286 |
0.054 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.396 |
18.115 |
0.024 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.328 |
5.295 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.068 |
12.820 |
0.016 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received and Export |
3.203 |
16.125 |
0.000 |
|
|
TOTAL EARNINGS |
3.203 |
16.125 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
60.68 |
1282.03 |
3.05 |
|
Expected Sales (2012-2013): Rs.270.000 Millions
The above information has been parted by Mr. Naresh Darji
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.91
|
26.79 |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
1.40 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
4.42 |
42.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.57 |
1.41 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
– Other than
acceptance |
37.857 |
33.373 |
0.871 |
|
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
three 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 |
Yes |
|
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 |
CONTINGENT
LIABILITY (AS ON 31.03.2012) :
The company has contingent liability of Rs.8.000 Millions for the bank
guarantee.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29268MH2009PTC191920 |
|
Name of the company |
STG HEATING PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, Opposite Sunder Tower, Sewri (West), Mumbai-400 015, Maharashtra, India E-mail id : indrajit@s-tgroup.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
The Saraswat Company Operative Bank Limited, Dadar, Mumbai-400 028, Maharashtra, India E-mail id : incharge_rasecdadar@saraswatbank.com |
|
Nature of instrument creating charge |
Agreement of Hypothecation of Vehicle. |
|
Date of instrument Creating the charge |
25.06.2012 |
|
Amount secured by the charge |
Rs.0.514 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @10.50%p.a Terms of Repayment On demand and if not demanded earlier, by 36 monthly installment of Rs. 0.017 Million p.m. Margin 9% Extent and Operation of the charge The Charge will operate to the extent of Rs.0.514 Millions on the security offered by the Company. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
The Borrower hereby hypothecates in the favour of Bank the said vehicle to be purchased i.e. Swift LXI. |
TRADE REFERENCES
· Dev Traders
· Britannia Limited
FIXED ASSETS:
·
Computer and Peripherals
·
Motor car
·
Office Equipments
·
Furniture and Fittings
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.55.16 |
|
|
1 |
Rs.88.03 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.