MIRA INFORM REPORT
|
Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KANDLA PORT TRUST |
|
|
|
|
Registered
Office : |
Business Development Cell, P.O. Box 50, Administrative Building,
Gandhidham, Kutch-370201, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
Not Divulged |
|
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|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Trust |
|
|
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|
Line of Business
: |
Providing Efficient and Economical Port Services. |
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|
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|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Exists |
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|
Comments : |
Subject is a well established trust having satisfactory track. It plays
a major role in the country’s international trade. Trustees are reported to be well experienced and knowledgeable people.
Subject has bagged the major port of the year for 2011-2012 at the
third all India maritime and logistics awards 2012. Trade relations are reported as decent. Business is active. Payments
terms are unknown. The trust can be considered 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 DECLINED BY
|
Name : |
Mr. Ramakrishnan |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9825227914 |
|
Date : |
06.10.2012 |
LOCATIONS
|
Registered Office : |
Business Development Cell, P.O. Box 50, Administrative Building, Gandhidham,
Kutch-370201, Gujarat, India |
|
Tel. No.: |
91-2836-238055 |
|
Mobile No.: |
91-9825227914 [Mr. Ramakrishnan] |
|
Fax No.: |
91-2836-239055 |
|
E-Mail : |
MANAGEMENT
|
Name : |
Dr. P. D.
Vaghela, IAS |
|
Designation : |
Chairman |
|
Address: |
Flamingo, Port Colony, P.O. Gopalpuri, Gandhidham, Gujarat, India |
|
Office : |
Administrative Office Building, P.O. Box No. 50, Gandhidham, Gujarat,
India |
|
Tel No.: |
91-2836-233001/234601 |
|
|
|
|
Name : |
Mr. M A
Bhaskarachar |
|
Designation : |
Dy. Chairman |
|
Address: |
A-1,Cherry Bossam, Port Colony, P.O. Gopalpuri, Gandhidham, Gujarat,
India |
|
Office : |
Administrative Office Building, P.O. Box No. 50, Gandhidham, Gujarat,
India |
|
Tel No.: |
91-2836-233001/234601 |
|
|
|
|
Name : |
Mr.
Shailendrakumar, IRTS |
|
Designation : |
Chief Freight Traffic Manager, |
|
Office : |
Office of CFTM, Western Railway H.Q., Churchgate, Mumbai – 400020,
Maharashtra, India |
|
Fax No.: |
91-22-22014597/22017631 |
|
Mobile No.: |
91-9004490902 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Dinesh Rajaputhran |
|
Designation : |
Trustee |
|
Office : |
Commander Coast Guard, Regional Head Quarters, North West, 7th
Floor, Udyog Bhavan, Sector 2, Gandhidham, Gujarat, India |
|
|
|
|
Name : |
Mr. Jasjeetsingh Uppal |
|
Designation : |
Principal Officer |
|
Office : |
Mercantile Marine Department, Super Market, Punjab Raditors and
Batteries, 1st Floor, Room No. 101, 102 and 103, Plot No. 16,
Sector 9A, Near Punjab National Bank, Gandhidham, Kutch-370201, Gujarat,
India |
|
Mobile No.: |
91-9979669659 |
|
Fax No.: |
91-2836-225375 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Sanjay Thakrar |
|
Designation : |
Trustee |
|
Office : |
Synergy Seaports Private Limited, 103, Level 1, Rishabh Corner, Plot
No. 93, Sector 8, Tagore Road, Gandhidham, Kutch, Gujarat, India Gujarat Maritime Board, Opposite Airforce Station, Sector 10-A,
Gandhinagar, Gujarat, India Mobile No.: 91-9978406004 Fax No.: 91-79-23234703 Email: amfaad1@sancharnet.in |
|
|
|
|
Name : |
Mr. Navneet Goel, IRS |
|
Designation : |
Commissioner of Customs |
|
Office : |
Cust Om House, New Kandla |
|
Fax No.: |
91-2836-271467, Gandhidham, Gujarat, India |
|
|
|
|
Name : |
Mr. Sambit Tripathy |
|
Designation : |
Dy. Secretary (ST) Ministry of Shipping |
|
Office : |
Dy. Secretary (ST) Ministry of Shipping Transport Bhavan, 1-Parilament Street, New Delhi-110001, India |
|
(O) Oil No.: |
91-11-23711022 |
|
Mobile No.: |
91-9911181965 |
|
Email: |
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|
|
|
|
Name : |
Mr. Ashok R. Chawla |
|
Designation : |
Trustee |
|
Office : |
Paras Building Products Private Limited, Plot No. 1, Sector 8, Tagore
Road, Gandhidham, Kutch, Gujarat, India |
|
|
|
|
Name : |
Mr. Girishchandra K. Parmar |
|
Designation : |
Trustee |
|
Office : |
19, Krishnanagar Society, Near Kabadi Market No. 3, Baherampura,
Ahmedabad-380054, Gujarat, India |
|
Mobile No.: |
91-9426517179 |
|
|
|
|
Name : |
Mr. Shanabhai Z. Patel |
|
Designation : |
Trustee |
|
Office : |
45, Sarthi, V-3, Behind Drive In, In Front of Goyal Intercity,
Ahmedabad-380054, Gujarat, India |
|
Mobile No.: |
91-9825415140 |
|
|
|
|
Name : |
Dr. Chandrikaben Chudasma |
|
Designation : |
Trustee |
|
Office : |
Plot No. 346, Sector No. 1, Gandhinagar-382001, Gujarat, India |
|
Mobile No.: |
91-9824366033 |
|
|
|
|
Name : |
Mr. Jahangir Khan A. Pathan |
|
Designation : |
Trustee |
|
Office : |
Chandranagar Society, Bunglow No. 1, Palej, Bharuch, Gujarat, India |
|
Mobile No.: |
91-9824793485 |
|
|
|
|
Name : |
Mr. Yogesh Mehta |
|
Designation : |
Trustee |
|
Office : |
Cargo Movers, Cargo House, BBZ-32-A, Gandhidham, Kutch, Gujarat, India
|
|
Mobile No.: |
91-9825225205 |
|
Tel No.: |
91-2836-220453 |
|
Email: |
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|
|
|
|
Name : |
Capt. Balendu Tiwari |
|
Designation : |
Secretary |
|
|
|
|
Name : |
Mr. R. Murugadoss |
|
Designation : |
Chief Engineer |
|
|
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|
Name : |
Mr. H. C. Venkatesh |
|
Designation : |
Traffic Manager |
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|
|
|
Name : |
Mr. Niteen M. Borwankar |
|
Designation : |
Chief Mechanical Engineer |
KEY EXECUTIVES
|
Name : |
Mr. Ramakrishnan |
|
Designation : |
Finance Department |
ADMINISTRATION DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
||||||||||
|
1 |
Mr. A.
Ramakrishna |
Secretary ( I/C
) |
233174 |
9825227914 |
|||||||||||
|
2 |
Mr. Sanjay Bhaty |
TP and PRO
and Incharge (BDC) |
238055 |
9825227039 |
|||||||||||
|
3 |
Mr. M. D. Feroz Hussain |
Sr. Dy.
Secretary |
231854 |
9825227480 |
|||||||||||
|
4 |
Mr. P.B
Tangdi |
Dy.
Secretary |
221375 |
9825505969 |
FINANCE DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|||||||||||||||
|
1 |
Mr. A Ramkrishna |
FA and CAO |
233174 |
9825227914 |
||||||||||||||||
|
2 |
Mr. Krishnan A. |
Sr. Dy. CAO |
220214 |
9825227036 |
||||||||||||||||
|
3 |
Mr. Rama Shankar
Singh |
Dy. FA and CAO |
220543 |
9726088222 |
||||||||||||||||
|
4 |
Mr. N.B.V.
Ramana Rao |
Sr. Dy. Director
(EDP) |
239623 |
9825505620 |
||||||||||||||||
|
5 |
Mr. A.K. Gupta |
DD (EDP) |
221251 |
9825227095 |
||||||||||||||||
TARIFF DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|||||||
|
1 |
Mr. H.C.
Venkatesh |
Traffic Manager |
270625 |
9825227076 |
||||||||
|
2 |
Mr. M.S.
Balani |
Sr. Dy. T.M |
270270 |
9825227047 |
||||||||
|
3 |
Mr. Suresh Babu |
Dy. T.M. |
270324 |
9825227049 |
MARINE DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Capt. H.K.
Sibal |
Dy.
Conservator |
233585 |
9825227043 |
|
|
2 |
Capt. T.
Srinivas |
Harbour
master |
270201 |
9825232982 |
MECHANICAL ENGINEERING DEPARTMENT
|
Sr.
No |
Name |
Designation |
Tel.
No. Office |
Mobile
no. |
Email
Id |
|
1 |
Mr. Niteen
M. Borwankar |
Chief.
Mechanical Engineer |
270632 |
9825226944 |
|
|
2 |
Mr.
Saroj Kumar Das |
Dy.
Chief Mechanical Engineer |
270426 |
9825235196 |
|
|
3 |
Mr.
J.K Verma |
Dy.
Materials manager |
234444 |
9825227255 |
|
|
4 |
Mr.
P.S Pathan |
XEN
( Electrical ) |
270354 |
9726288222 |
CIVIL ENGINEERING DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Mr. R.
Murugadoss |
Chief
Engineer |
233192 |
9825227243 |
|
|
2 |
Mr. B.G Somaiya |
SE ( P ) |
233569 |
9825325390 |
|
|
3 |
Mr. D.D Somaiya |
SE ( C ) |
270419 |
9825227203 |
|
|
4 |
Mr. M.K
Khushlani |
SE ( C-1 ) |
270787 |
9825227038 |
|
|
5 |
Mr. N.M Parmar |
SE ( H ) |
270429 |
9825227046 |
MEDICAL DEPARTMENT:
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Dr. A.K Tilwani |
Chief
Medical Officer |
225767 |
9825505795 |
BUSINESS DETAILS
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Ramakrishnan.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
No |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
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 involved in |
Yes |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
HIGH COURT OF
GUJARAT
ADMIRALTY SUIT NO.
15 OF 2011
|
Status: Pending (Converted
From: ST/2770/2011)
CCIN No: 001051201100015 |
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|
Last Listing Date: 03.10.2011 |
|
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Coram: |
Honourable Mr. Justice K.M. Thaker |
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Name of The Petitioner |
Advocate On Record |
|||||||||||||||||||
|
Adani Wilmar Limited |
Mrs. VD Nanavati For: Petitioner (s) 1 |
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Name of the Respondent |
Advocate on Record |
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KANDLA PORT
TRUST |
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Classification |
SJ-OJ-SUIT-Admirality Jurisdiction (Contral)
Act, 1860 – Appointment of Arbitrator – U/S 11 |
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|
Act |
Colonial Courts of Admiralty (India) Act,
1891 |
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OFFICE DETAILS |
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LINKED MATTERS |
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FUTURE DEVELOPMENT:
LONG TERM STRATEGIES:
The long-term
strategy of tech port will be adequate infrastructure and competitive tariff.
- Additional infrastructure
- Deepening the channel to handle vessels up to 14 mtrs. draft.
- Installation of Eight ELL cranes of 20/25 tons capacity.
- Deep draft multi-purpose berths at Vadinar.
- Commissioning of 13th cargo berth.
- Development of container Terminal on BOT basis.
- Privatization of various port services.
- E-Customer relationship management.
- Entering into long-term contracts with various exporters/importers who assure guaranteed traffic. To provide the required infrastructure and other handling facilities by the port and fix separate tariff of such long-term contracts.
- Offering of the existing infrastructure facilities to various exporters/importers on BOT basis to enhance the traffic.
SHORT TERM
STRATEGIES:
Under the present scenario, the short-term strategy by Kandla Port will be to retain the present cargoes and customers. The growth rate in the present cargoes and organizational growth of the present customers will translate into growth of the Port of Kandla, therefore, the short term relation is adopted by Kandla Port.
- Lowest cost strategy.
- Retention of cargo based on strength of the port.
- Making the efforts to overcome the weakness and threats.
- To adopt a pro-active marketing strategy.
- Augmentation of the existing infrastructural port facilities.
- The work relating to extension of customs bounded are for storage of bulk cargo by an area of 76.5 hectars is already under implementation and the total cost of this project is Rs. 150.000 Millions. After commissioning of the scheme there will be addition of 10 lakh tones storage capacity and this scheme is likely to be completed by the year 2002.
- It is also planned to provide railway siding facilities in the area at the estimated cost of Rs. 100.000 Millions.
- It is planned to undertake dredging to handle vessels upto 12 mtrs. draft and thereby increasing the parcel size of bulk cargo and bigger container vessels.
- A 50 tons BP bugs being procured at a cost of Rs. 200.000 Millions for handling ULCCs at Vadinar.
- 210 meter quay face barge handling facility at bunder basin would be constructed with open stacking area measuring 40000 sq. meters to store the additional cargo of 88000 tons. The estimated cost of the scheme is Rs 189.700 Millions and its likely to be completed by March 2003.
- Conversion of Samakhiali - Palanpur railway track to broad guage to reduce the distance by 130 kms. from the hinterland, to be executed through SPV at the cost of Rs.3429.600 Millions. Kandla Port shall contribute Rs. 514.400 Millions to the SPV being 30% equity share holding of the 50% estimated cost of the project to be contributed by promoters.
- Modernization and extension of railway network at a cost of Rs.20.000 Millions to enable faster movement of cargo from that port.
- Four new godowns are being constructed at a cost of Rs. 60.000 Millions. The additional storage capacity of 85000 MT would become available. The new godowns are likely to be completed by March 2002.
- The tenders for 11th cargo berth have been received for Rs. 360.000 Millions. Work order will be awarded to the lowest tenders NEC Limited Vishakhapatanam after receiving clearance from Ministry Of Environment And Forest.
- The scheme relating to procurement of Eight ELL cranes of 16 MT capacity and 25 MT capacity is being implemented at the estimated cost of Rs. 700.000 Millions to be installed and commissioned by October 2004 to October 2005.
MEDIUM TERM STRATEGIES:
- Augmentation of infrastructure facilities for handling bulk, break-bulk, container and liquid cargo.
- Commissioning of 12th cargo berth.
- Deeping of the channel to handle vessels upto 13 mtrs draft.
- Commissioning of two new godown with 4300 MT capacity.
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.51.62 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
47 |
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.