MIRA
INFORM REPORT
|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
VISNUKUMAR TRADERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Old No.488, New No.953, Poonamalee High Road, Arumbakkam,
Chennai-600106, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.03.2001 |
|
|
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|
Com. Reg. No.: |
18-046731 |
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Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51229TN2001PTC046731 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEV05107E |
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|
PAN No.: [Permanent Account No.] |
AABCV1856H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Pickles,
Chutneys, Fruit Pulp, Fruit Juices, Papads and Appalam, Flour, Spice Powders,
Blended Spices, Gingelly / Sesame Oil and rice etc |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 430000 |
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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 a established company having satisfactory track record.
Company performance is good. 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 normal business dealings 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) |
|
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.
LOCATIONS
|
Registered Office : |
Old No.488, New No.953, Poonamalee High Road, Arumbakkam,
Chennai-600106, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Factory : |
No.112-B, Poonamalle High Road, Velappanchavadi, Chennai-600077, Tamilnadu,
India |
|
Tel. No.: |
91-44-65715715 / 16 / 17 |
|
Fax No.: |
91-44-26801825 |
DIRECTORS
AS ON 16.09.2011
|
Name : |
Mr. Vishnukumar Palanisamy |
|
Designation : |
Managing Director |
|
Address : |
No.109, Muniappan Koil Street, Avanashi, Coimbatore-641654, Tamilnadu,
India |
|
Date of Birth/Age : |
17.07.1971 |
|
Date of Appointment : |
02.03.2001 |
|
DIN No.: |
00125165 |
|
|
|
|
Name : |
Mr. Poovathal Palanisamy |
|
Designation : |
Director |
|
Address : |
No.109, Muniappan Koil Street, Avanashi, Coimbatore-641654, Tamilnadu,
India |
|
Date of Birth/Age : |
04.11.1954 |
|
Date of Appointment : |
02.03.2001 |
|
DIN No.: |
00124658 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2011
|
Names of Shareholders |
No. of Shares |
|
P Vishnukumar |
15000 |
|
P Poovathal |
15000 |
|
A Palanisamy |
1195000 |
|
P Selvakumar |
165000 |
|
S Parimala |
45000 |
|
V Vedhanayaki |
65000 |
|
TOTAL
|
1500000 |
AS ON 16.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pickles, Chutneys,
Fruit Pulp, Fruit Juices, Papads and Appalam, Flour, Spice Powders, Blended
Spices, Gingelly / Sesame Oil and rice etc |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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Bankers : |
·
The Catholic Syrian Bank Limited, Head Office,
CSB Bhavan, Post Box No.502, St. Mary’s College Road, Thrissur-680020,
Kerala, India ·
State Bank of Mysore, Cheyur Branch ·
Indian Bank, Harbour Branch ·
ICICI Bank, Chennai, Tamilnadu, India ·
HDFC Bank |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S Jagannathan and Company Chartered Accountant |
|
Address : |
No.3, 2nd Floor, Lake View Road, Adambakkam,
Chennai-600088, Tamilnadu, India |
|
Tel. No.: |
91-44-22471370 / 22603118 |
|
Fax No.: |
91-4-22603118 |
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PAN No.: |
ABOES72188 |
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|
|
|
Related Parties : |
Visnu Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 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 |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.300 |
0.300 |
0.300 |
|
|
3] Reserves & Surplus |
92.506 |
80.094 |
65.341 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
107.806 |
95.394 |
80.641 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.044 |
13.217 |
17.318 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
35.044 |
13.217 |
17.318 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
142.850 |
108.611 |
97.959 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
86.022 |
41.723 |
44.725 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.118 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.975
|
7.622 |
9.880 |
|
|
Sundry Debtors |
27.991
|
29.089 |
24.162 |
|
|
Cash & Bank Balances |
1.186
|
2.204 |
0.793 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
44.697
|
44.987 |
45.920 |
|
Total
Current Assets |
88.849
|
83.902 |
80.755 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.645
|
5.808 |
16.635 |
|
|
Other Current Liabilities |
14.128
|
6.777 |
3.761 |
|
|
Provisions |
7.254
|
4.433 |
7.243 |
|
Total
Current Liabilities |
32.027
|
17.018 |
27.639 |
|
|
Net Current Assets |
56.822
|
66.884 |
53.116 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
OTHERS |
0.006 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
142.850 |
108.611 |
97.959 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
195.282 |
141.555 |
176.042 |
|
|
|
Other Income |
NA |
4.710 |
12.767 |
|
|
|
TOTAL (A) |
NA |
146.265 |
188.809 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
90.714 |
120.949 |
|
|
|
Direct Expenses |
|
13.434 |
18.308 |
|
|
|
Administrative Expenses |
|
9.505 |
9.080 |
|
|
|
Manpower Cost |
|
7.915 |
7.073 |
|
|
|
TOTAL (B) |
NA |
121.568 |
155.410 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
24.697 |
33.399 |
|
|
|
|
NA |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.220 |
5.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
22.477 |
27.629 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
4.721 |
4.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.263 |
17.756 |
23.452 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
4.538 |
7.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
13.218 |
16.196 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
13.318 |
16.196 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
149.417 |
113.510 |
124.004 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
8.81 |
10.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
9.04 |
8.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.82
|
12.54 |
13.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.73
|
14.13 |
18.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.19 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.62
|
0.32 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
4.93 |
2.92 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
PERFORMANCE AND
BUSINESS ACTIVITIES
The company has achieved a turnover of Rs. 195.282 Millions (Previous
year Rs. 141.555 Millions) and earned a net profit before taxation of Rs.
15.263 Millions (Previous year Rs. 17.756 Millions) during the year. The
Directors are happy to inform that the ban on export of non basmati rice was
lifted by the Government of India during the year and they are started export
of rice during the year within the non succeed by the Government of India.
FORM 8
|
Corporate
identity number of the company |
U51229TN2001PTC046731 |
|
Name of the
company |
VISNUKUMAR
TRADERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Old No.488, New No.953, Poonamalee High Road, Arumbakkam, Chennai-600106, Tamilnadu, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90290467 |
|
Type of charge |
·
Immovable
property ·
Others |
|
Particular of
charge holder |
The Catholic Syrian Bank Limited, Head Office, CSB Bhavan, Post Box
No.502, St. Mary’s College Road, Thrissur-680020, Kerala, India |
|
Nature of
instrument creating charge |
General Letter of
undertaking, Demand promissory note, Declaration on Negotiation / Purchase of
Bills and undertaking for promissory note, Memorandum of Deposit of Title
Deed, Sanction Letter etc. |
|
Date of
instrument Creating the charge |
12.09.2011 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.00% p. a. Terms of repayment FDBP / FUBP
yearly renewal Margin 20% Extent and operation of the charge 1) a) Property of
A. Palanisamy at Muniappan Koil St, Avinashi Village - 2951 sq. ft, b)
Thottipalayam Village-1816 sq ft. c) At Annur Village-3.640 acres d) At
Avinashi Village - 2186.5 sq ft of land with shopping complex 2) a) Prop. of
Poovathal at Muniappan Koil St, Avinashi Village 1296 sq ft b) Res. Building
Muniappan Koil St 1921 sq ft. 3) Property
belongs to M/s. Visnukumar Traders Private Limited at Senneerkuppam Village
87 cents b) At Karunkulam Village AC 1.91 3/4 c) At Levinjipuram Village AC
1.15 Other Personal
Guarantee of Mr. A. Palanisamy, Mrs. P. Poovathal Mr. P. Vishnukumar and Mr.
P. Selvakumar |
|
Short particulars
of the property charged (Including location of the property) |
1)
a) Property
of A. Palanisamy at Muniappan Koil St, Avinashi Village - 2951 sq. ft, b)
Thottipalayam Village-1816 sq ft. c) At Annur Village-3.640 acres d) At
Avinashi Village - 2186.5 sq ft of land wi 2)
a)
Prop. of Poovathal at Muniappan Koil St, Avinashi Village 1296 sq ft b) Res.
Bldg Muniappan Koil St 1921 sq ft. 3)
Property
belongs to M/s. Visnukumar Traders Private Limited at Senneerkuppam Village
87 cents b) At Karunkulam Village AC 1.91 3/4 c) At Levinjipuram Village AC
1.15 |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Mr. A. Palanisamy
and Mrs. P. Poovathal |
|
Date of
instrument modifying the charge |
28.05.2007 |
|
Particulars of the
present modification |
Enhancement of
FDBP Limit Increased to Rs. 40.000 Millions |
FIXED ASSETS
·
Land
·
Building
·
Air Cooler
·
Office Equipments
·
Machinery
·
Computers
·
Can Set
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. 55.52 |
|
|
1 |
Rs. 88.49 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
6 |
|
--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 |
|
48 |
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.