1. Summary Information
|
|
|
Country |
|
|
Company Name |
P.A.R.K. FELTS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Pankaj Kapoor |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Robin Kapoor |
|
|
|
Registration # |
05-035030 |
|
Street Address |
1088, Huda, Part
– 2, Sector 11-13, Panipat – 132 103, Haryana |
||
|
Established Date |
|
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Fabric Felt |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
15,646,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate (58.17%), Directors or relatives of Directors (29.34%), Others (12.49%) |
Banking |
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
9 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
55,599,000 |
Current Liabilities |
47,892,000 |
|
Inventories |
14,162,000 |
Long-term Liabilities |
19,193,000 |
|
Fixed Assets |
40,096,000 |
Other Liabilities |
8,081,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
75,166,000 |
|
Invest& other Assets |
3,881,000 |
Retained Earnings |
22,687,000 |
|
|
|
Net Worth |
38,572,000 |
|
Total Assets |
113,738,000 |
Total Liab. & Equity |
113,738,000 |
|
Total Assets (Previous Year) |
95,953,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
273,576,000 |
Net Profit |
7,092,000 |
|
Sales(Previous yr) |
257,597,000 |
Net Profit(Prev.yr) |
8,270,000 |
|
Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
P.A.R.K. FELTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1088, Huda, Part – 2, Sector 11-13, Panipat – 132 103, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.01.2003 |
|
|
|
|
Com. Reg. No.: |
05-035030 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.646 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101HR2003PTC035030 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fabric Felt, Color Felt Fabric, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 154000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for business dealing at usual trade
terms and condition. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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.
LOCATIONS
|
Registered Office : |
1088, Huda, Part – 2, Sector 11-13, Panipat – 132 103, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
S – 103, |
|
Tel. No.: |
91-44-27565226 |
|
|
|
|
Corporate office: |
Plot No. 298, Sector – 29, Huda, Panipat – 132 103, |
DIRECTORS
As on 31.08.2011
|
Name : |
Mr. Pankaj Kapoor |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
480 – L, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1980 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.12.2003 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00721285 |
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|
Other Directorship:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Robin Kapoor |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
480 – L, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.01.2003 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00736417 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Robin Kapoor |
|
146100 |
|
Amit Kapoor |
|
65000 |
|
Pankaj Kapoor |
|
105000 |
|
Madanjit Singh |
|
110000 |
|
Pankaj Kapoor H.U.F |
|
85500 |
|
Garg Trading Company, |
|
100000 |
|
Kiran Kapoor |
|
10500 |
|
Ridhima Kapoor |
|
5000 |
|
Shipra Kapoor |
|
7500 |
|
Shiv Texo |
|
30000 |
|
Shankar Lingam Kartiken |
|
5000 |
|
Dinesh Gandhi |
|
5000 |
|
Aditya Olibchem Private Limited, |
|
100000 |
|
Robin Kapoor H.U.F |
|
60000 |
|
Sunil Dutt / Indu Dutt |
|
50000 |
|
Omansh Properties Private Limited, |
|
30000 |
|
Park Non Woven Private Limited, |
|
250000 |
|
Blue Jay Texowad Private Limited, |
|
400000 |
|
|
|
|
|
TOTAL |
|
1564600 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
58.17 |
|
Directors or relatives of Directors |
29.34 |
|
Others |
12.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fabric Felt, Color Felt Fabric, etc. |
|
|
|
|
Products : |
·
Automotive Components ·
Automotive Interior Components ·
Automotive Modules ·
Fabric Felt ·
Color Felt Fabric |
GENERAL INFORMATION
|
Suppliers : |
·
A. K. Enterprises ·
Bhagwati Fab ·
Blue Jay Taiowad Private Limited (pnp) ·
Delhi Marketing Company ·
Far Eastern Text Limited ·
Gulab Fibre ·
Jainchem Distributor ·
·
Manalamni Spmlei Private Limited ·
Hetractones and Lab Instrument ·
Shree Shiv Traders ·
Shree Vaishnav Enterprises ·
·
Sonal Adhesive Limited ·
TMD Paakaging Private Limited · Apex Trans Solution ·
Commission
Payable ·
Usha
Woodfab |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
Seats India Technics Knsna Packing Private Limited ·
Motherson Automative Technologies and Engineering ·
Bright Auto Plast Private Limited ·
Haml Automative India Private Limited ·
N V H ·
Dymos Lear Automative India Private Limited ·
Ram Engineering Industries ·
Seat ·
Tata Jonson Cont Private Limited ·
·
Univerealrethanes |
|||||||||||||||||||||
|
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|
|||||||||||||||||||||
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No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
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Bankers : |
·
Bank of ·
Small Industries Development Bank of |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nayak Saluja and Associates Chartered Accountants |
|
Address : |
B – 108, Basement, kalkaji, |
|
PAN No.: |
AAGFN8272M |
|
|
|
CAPITAL STRUCTURE
As on 31.08.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1564600 |
Equity Shares |
Rs. 10/- each |
Rs. 15.646
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.646 |
6.196 |
4.246 |
|
|
2] Share Application Money |
0.239 |
0.539 |
0.015 |
|
|
3] Reserves & Surplus |
22.687 |
15.596 |
6.124 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.572 |
22.331 |
10.385 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.193 |
8.997 |
9.063 |
|
|
2] Unsecured Loans |
0.000 |
5.000 |
0.000 |
|
|
TOTAL BORROWING |
19.193 |
13.997 |
9.063 |
|
|
DEFERRED TAX LIABILITIES |
3.712 |
2.917 |
2.112 |
|
|
|
|
|
|
|
|
TOTAL |
61.477 |
39.245 |
21.560 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.096 |
33.495 |
27.704 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.650 |
2.650 |
2.650 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.162
|
7.911 |
8.213 |
|
|
Sundry Debtors |
30.792
|
24.142 |
16.954 |
|
|
Cash & Bank Balances |
6.815
|
6.089 |
2.933 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.992
|
21.445 |
6.588 |
|
Total
Current Assets |
69.761
|
59.587 |
34.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.892
|
51.579 |
37.327 |
|
|
Other Current Liabilities |
4.369
|
3.673 |
5.617 |
|
|
Provisions |
0.000
|
1.456 |
0.815 |
|
Total
Current Liabilities |
52.261
|
56.708 |
43.759 |
|
|
Net Current Assets |
17.500
|
2.879 |
(9.071) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.231 |
0.221 |
0.277 |
|
|
|
|
|
|
|
|
TOTAL |
61.477 |
39.245 |
21.560 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
TURNOVER |
273.576 |
257.597 |
185.094 |
|
|
|
|
|
|
|
Less |
EXPENSES |
260.848 |
245.313 |
176.695 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.728 |
12.284 |
8.399 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.285 |
1.752 |
1.450 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.443 |
10.532 |
6.949 |
|
|
|
|
|
|
|
Less |
TAX |
3.351 |
2.262 |
2.282 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.092 |
8.270 |
4.667 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.53 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.81
|
4.08 |
3.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.50
|
11.31 |
11.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.47 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.85
|
3.16 |
5.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.05 |
0.79 |
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 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
---- |
|
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 |
U18101HR2003PTC035030
|
|
Name of the
company |
P.A.R.K. FELTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1088 Sec-12 Hudapanipat,
Hr-132103, e-mail: nayaksaluja@rediffmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10255689 |
|
Type of charge |
Immovable
Property Movable Property |
|
Particular of
charge holder |
Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
hypothecation agreement and extension of equitable mortgage of property |
|
Date of
instrument Creating the charge |
29.07.2011 |
|
Amount secured by
the charge |
Rs. 45.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of interest
3 % above base rate presently 13% with monthly rests or subject to change
from time to time by RBI/HO guidelines. Terms of Repayment On demand Margin 25% on stocks 40% on book debts
less than 90 days old Extent and Operation of the charge Enhancement in
cash credit limit from Rs. 0.500 millions to Rs. 30.000 millions, term loan
5.500 millions, LC limit 10.000 millions against hypothecation of stocks,
book debts, plant and machinery and extension of equitable mortgage of
property vide sale deed no. 1909 dated 01.06.2011 situated at Patti Rajputan,
Sajjan Singh Bagh, model town Panipat in the name of company. |
|
Short particulars
of the property charged |
Extension of
equitable mortgage of property vide sale deed no. 1909 dated 01.06.2011
situated at Patti Rajputan, Sajjan Singh Bagh, model town Panipat in the name
of company. |
|
Date of latest
modification prior to the present modification |
26.10.2010 |
|
Particulars of
the present modification |
The overall
credit facilities have been enhanced from Rs. 20.500 millions to Rs. 45.500
millions (enhancement in cash credit limit from Rs. 50.00 millions to
Rs.30.000 millions, term loan 5.500 millions, LC limit 10.000 millions and
extension of equitable mortgage of property vide sale deed no. 1909 dated
01.06.2011 situated at Patti Rajputan, Sajjan Singh Bagh, model town Panipat
in the name of company to secure the credit facilities of Rs. 45.500
millions. |
FIXED ASSETS
·
Land
·
Plant and Machinery
·
Building
·
Generator Set
·
Furniture and Fixtures
·
Vehicles
·
Air Conditioner
·
Computer
·
Lab Equipment
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 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.53.67 |
|
|
1 |
Rs.86.05 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
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 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.