|
Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
AZAD HIND IRON AND ENGINEERING WORKS |
|
|
|
|
Registered
Office : |
49, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1957 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.876 Million |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Fastener Items. |
|
|
|
|
No. of Employees
: |
9 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and relatively small proprietory concern engaged in
manufacturing of fasteners items. Its scale of activities are limited.
However, trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The concern can be considered for small 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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. Himadri |
|
Designation : |
Accountant |
|
Contact No.: |
91-9831210910 |
|
Date : |
24.11.2012 |
LOCATIONS
|
Registered Office / Factory: |
49, Benaras Road, 9, Byantra, Howrah-711101, West Bengal, India |
|
Tel. No.: |
91-33-26518005 / 7771 |
|
Mobile No.: |
91-9831210910 [Mr. Himadri] 91-9433520134 [Mr. Birendra Kumar Gupta] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3600 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Birendra Kumar Gupta |
|
|
Designation : |
Proprietor |
|
|
Address : |
49, Benaras Road, 9, Byantra, Howrah-711101, West Bengal, India |
|
|
Date of Birth/Age : |
57 Years |
|
|
Qualification : |
B. Com |
|
|
Experience : |
35 Years |
|
|
PAN No.: [Permanent Account No.] |
ADZPG1859M |
|
|
Mobile No.: |
91-9433520134 |
|
KEY EXECUTIVES
|
Name : |
Mr. Himadri |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fastener Items. |
GENERAL INFORMATION
|
No. of Employees : |
9 [Approximately] |
|
|
|
|
Bankers : |
ICICI Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Asim Kumar Chattopadhyay Chartered Accountants |
|
Address : |
360, G.T. Road, Salkia, Howrah-711106, West Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
·
S.K. Iron Products Private Limited Address: 8/1, Kumar Para
Road, Liluah, Howrah-711204, West Bengal, India Line
of Business: Manufacturer of Fastener Items. |
CAPITAL STRUCTURE
AS ON 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs. 0.876 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 0.876 Million |
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] Proprietor Capital |
0.876 |
0.722 |
0.467 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.876 |
0.722 |
0.467 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.005 |
0.528 |
0.471 |
|
|
TOTAL BORROWING |
2.005 |
0.528 |
0.471 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.881 |
1.250 |
0.938 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.209 |
0.252 |
0.220 |
|
|
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 |
2.497
|
1.384 |
1.379 |
|
|
Sundry Debtors |
0.307
|
0.318 |
0.560 |
|
|
Cash & Bank Balances |
0.232
|
0.048 |
0.038 |
|
|
Other Current Assets |
0.026
|
0.030 |
0.026 |
|
|
Loans & Advances |
0.425
|
0.000 |
0.000 |
|
Total
Current Assets |
3.487
|
1.780 |
2.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.813
|
0.410 |
0.418 |
|
|
Other Current Liabilities |
0.002
|
0.372 |
0.867 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.815
|
0.782 |
1.285 |
|
|
Net Current Assets |
2.672
|
0.998 |
0.718 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.881 |
1.250 |
0.938 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6.394 |
6.144 |
6.068 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
6.394 |
6.144 |
6.068 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
0.071 |
0.169 |
0.182 |
|
|
|
Wages and Bonus |
0.255 |
0.218 |
0.154 |
|
|
|
P.F. A/C |
0.038 |
0.037 |
0.023 |
|
|
|
Rent |
0.018 |
0.002 |
0.001 |
|
|
|
Salary |
0.036 |
0.036 |
0.036 |
|
|
|
Other Expenses |
5.639 |
5.398 |
5.402 |
|
|
|
TOTAL |
6.057 |
5.860 |
5.798 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.337 |
0.284 |
0.270 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.043 |
0.019 |
0.021 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
LOSS |
0.294 |
0.265 |
0.249 |
|
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 |
(%) |
4.60
|
4.31 |
4.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.60
|
4.31 |
4.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.95
|
13.04 |
11.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.37 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.22
|
1.81 |
3.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.27
|
2.27 |
1.55 |
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 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF STATEMENT TO
TOTAL INCOME
MR. BIRENDRA KUMAR GUPTA
|
PARTICULAR |
RS. IN MILLIONS ASSESSMENT YEAR
2010-2011 |
|
|
|
|
|
|
Profit from Azad Hind Iron and Engineering
Works |
|
0.249 |
|
Income from Rent |
|
0.034 |
|
Income From Interest |
|
|
|
Savings Bank |
0.000 |
|
|
Axis Bank |
0.002 |
0.002 |
|
Total |
|
0.285 |
|
Less: U/S 80 C |
0.075 |
|
|
U/S 80 D |
0.008 |
0.083 |
|
|
Rounded To |
0.202 |
|
|
|
|
|
|
Tax Payable |
0.004 |
|
|
2% Education Cess |
0.000 |
|
|
1% H.S. Edu. Cess |
0.000 |
|
|
|
0.004 |
|
|
|
|
|
|
Interest U/S 234A |
0.000 |
|
|
Paid U/S. 140 A |
0.004 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET OF
MR. BIRENDRA KUMAR GUPTA
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
1.559 |
1.447 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.559 |
1.447 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.463 |
0.088 |
|
|
TOTAL BORROWING |
|
0.463 |
0.088 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.022 |
1.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.053 |
1.155 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.053 |
0.050 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.150 |
0.076 |
|
|
Other Current Assets |
|
0.761 |
0.254 |
|
|
Loans & Advances |
|
0.005 |
0.000 |
|
Total
Current Assets |
|
0.916 |
0.330 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.000 |
0.000 |
|
|
Net Current Assets |
|
0.916 |
0.330 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.022 |
1.535 |
|
------------------------------------------------------------------------------------------------------------------------------
|
Credit Facilities (Existing) |
|
|
Type of facilities |
Limits (in Millions) |
|
Current Account |
Nil |
|
Cash Credit |
Nil |
|
Term Loan |
Nil |
|
LC/BG |
|
|
If Banking with this, Bank, customer No. to be given, |
|
|
It is certified that our unit has not availed any loan from any other
Bank/Financial Institution in the past and I am no indebted to any other Bank/Financial
Institution other than those mentioned in 10(a) above. |
|
|
CREDIT FACILITIES (PROPOSED) |
||||
|
Type of
Facilities |
Amt. (In
Millions) |
Purpose for which
required |
Security offered |
|
|
|
|
|
PRIMARY
SECURITY (details with approx. value
to be mentioned) |
Whether
collateral security offered (please mention yes or no) (If yes, then provide details in column 12) |
|
Cash Credit |
2.000 Millions |
For Working
Capital |
Stock and B/debts |
Yes/No |
|
Term Loan |
|
|
|
Yes /No |
|
LC/BG |
|
|
|
Yes/No |
Details of collateral security officered if any including 3rd party guarantee*
(* As per RBI guidelines banks are not to take collateral security for loans upto Rs. 0.500 Million to MSME units):
Extension of
existing charge over the Mortgage over the entire factory landed property at
8/1, Kumar Para Road, Ward No: 21 of B.M, Mouza + P.S:- Liluah, Howrah –711
204, measuring 11 Kh 8 Ch 1 Sq. ft owned by Birendra Kr Gupta Deed No: 3888 of
2007 at DSR, Howrah Dag No: 2339, approx value will be Rs: 8.000 Millions and
above, which will be second charge.
|
PAST PERFORMANCE/FUTURE ESTIMATES (Actual performance for two previous
years, estimates for current year and projections for next year to be provided
for working capital facilities.
However for term loon facilities projections to be provided till the
proposed year of repayment of loan) |
||||
|
|
Past Year II (Rs. in Millions - Actual) |
Past Year I (Actual) |
Present Year (Estimates) |
Next Year (Projections) |
|
Net Sales |
Rs.6.144
Millions |
Rs. 6.394 Millions |
Rs. 8.000
Millions |
Rs. 10.000
Millions |
|
Net Profit |
Rs.0.265
Millions |
Rs. 0.294 Millions |
Rs. 0.400 Million |
Rs. 0.550 Million |
|
Capital (Net Worth in case of companies) |
Rs.0.722
Millions |
Rs
0.877 Millions |
Rs. 1.150
Millions |
Rs. 1.450 Millions |
|
Status regarding statutory obligations |
|
|
Statutory Obligations |
Whether complied with) Write Yes/No). If not, applicable then write NA |
|
Registration under shops and Establishment Act |
N.A |
|
Registration under SSI (Provisional/Final) |
Yes / Final |
|
Drug License |
N.A |
|
Latest Sales Tax Return Filed |
Yes |
|
Latest Income Tax return filed |
Yes |
|
Any other statutory dues remaining outstanding |
N.A |
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.55.69 |
|
|
1 |
Rs.89.20 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.