MIRA
INFORM REPORT
|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
EMMANUEL CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.7, I and II Floor, 5th Cross, Behind State Bank of
India, Victoria Layout, Bangalore – 560047, Karnataka |
|
|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
03.05.2005 |
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Com. Reg. No.: |
08-036218 |
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Capital
Investment / Paid-up Capital : |
Rs.16.426 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70200KA2005PTC036218 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE04141E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE4587E |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Builders and Developers |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
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|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported to be
fair. Business is active. Payments are reported to slow but correct. The company can be considered for business dealings with some caution. |
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 / Head Office : |
No.7, I and II Floor, 5th Cross, Behind State Bank of
India, Victoria Layout, Bangalore – 560047, Karnataka, India |
|
Tel. No.: |
91-80-25555015 / 41477717 |
|
Fax No.: |
91-80-25555015 |
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E-Mail : |
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Website : |
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Branch Office : |
15-6-297/23, Bride Square, Brigade Road, Balmatta, Mangalore – 575003, Karnataka, India |
|
Tel. No.: |
91-824-4253025 |
|
Fax No.: |
91-824-4253025 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Steven Frederick Lobo |
|
Designation : |
Managing Director |
|
Address : |
Mantra Woodlands, C-302, 3rd Floor, Bannerghatta Road,
Arekere, Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
12.09.1953 |
|
Date of Appointment : |
03.05.2006 |
|
DIN No.: |
00516476 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24239KA1994PTC015102 |
PARAGON
VIAL CAPS PRIVATE LIMITED |
Managing
director |
15/11/1996 |
15/11/1996 |
Active |
NO |
|
2 |
U70200KA2005PTC036218 |
EMMANUEL
CONSTRUCTIONS PRIVATE LIMITED |
Managing
director |
03/05/2006 |
03/05/2006 |
Active |
NO |
|
3 |
U45201KA2010PTC054622 |
EMMANUEL
HOLIDAY HOMES PRIVATE LIMITED |
Managing
director |
29/07/2010 |
29/07/2010 |
Active |
NO |
|
Name : |
Mr. Baptist D Souza |
|
Designation : |
Director |
|
Address : |
Nishanth No.811, 3rd Cross, 10th Main, 3rd
Block, Koramangala, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
19.08.1955 |
|
Date of Appointment : |
03.05.2006 |
|
DIN No.: |
00516712 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70200KA2005PTC036218 |
EMMANUEL
CONSTRUCTIONS PRIVATE LIMITED |
Director |
03/05/2006 |
03/05/2006 |
Active |
NO |
|
2 |
U45201KA2010PTC054622 |
EMMANUEL
HOLIDAY HOMES PRIVATE LIMITED |
Director |
29/07/2010 |
29/07/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Baptist D Souza |
|
98980 |
|
Steven Frederick Lobo |
|
65250 |
|
Meena Ramanathan |
|
10 |
|
Ram S Ramanathan |
|
10 |
|
Vitus Pinto |
|
10 |
|
|
|
164260 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.98 |
|
Other top fifty shareholders |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Builders and Developers |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Corporation Bank, No.241, Arekere Gate Branch, Bannerghatta
Road, Bangalore - 560076, Karnataka, India ·
Vijaya Bank, No.3/1/A, Peenya, Tumkur Road,
Bangalore - 560058, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Karnataka State Financial
Corporation, KSFC Bhavan, No.1/1, Thimmaiah Road, Near Contonment Railway
Station, Bangalore - 560052, Karnataka, India |
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|
|
|
Auditors : |
|
|
Name : |
N S V M and Associates Chartered Accountants |
|
Address : |
No.63/1, 1st Floor, Above Canara Bank, Railway Parallel Road, Kumara
Park West, Bangalore – 560020, Karnataka, India |
|
Tel. No.: |
91-80-41506054/5/6 |
|
Fax No.: |
91-80-23469451 |
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E-Mail : |
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PAN No.: |
AAFFN4198P |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
164260 |
Equity Shares |
Rs.100/- each |
Rs.16.426
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 |
16.426 |
16.426 |
14.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.721 |
8.299 |
5.497 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.147 |
24.725 |
19.847 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
104.979 |
65.619 |
7.126 |
|
|
2] Unsecured Loans |
6.200 |
6.200 |
6.200 |
|
|
TOTAL BORROWING |
111.179 |
71.819 |
13.326 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
137.326 |
96.544 |
33.173 |
|
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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FIXED ASSETS [Net Block] |
6.428 |
4.918 |
5.284 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.020 |
0.020 |
0.020 |
|
|
DEFERREX TAX ASSETS |
0.039 |
0.010 |
0.235 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
234.973
|
205.875 |
151.263 |
|
|
Sundry Debtors |
28.748
|
18.473 |
10.871 |
|
|
Cash & Bank Balances |
1.477
|
12.777 |
0.320 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
42.518
|
33.987 |
37.430 |
|
Total
Current Assets |
307.716
|
271.112 |
199.884 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.743
|
20.891 |
19.385 |
|
|
Other Current Liabilities |
153.343
|
157.377 |
151.190 |
|
|
Provisions |
0.890
|
1.380 |
1.725 |
|
Total
Current Liabilities |
176.976
|
179.648 |
172.300 |
|
|
Net Current Assets |
130.740
|
91.464 |
27.584 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.099 |
0.132 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
137.326 |
96.544 |
33.173 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
117.607 |
87.183 |
99.687 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.429 |
5.538 |
6.089 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
1.169 |
1.068 |
1.781 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.260 |
4.470 |
4.308 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.890 |
1.380 |
1.626 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.370 |
3.090 |
2.682 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.34 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.72
|
1.62 |
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.18 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.02
|
10.17 |
9.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.51 |
1.16 |
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 |
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 |
NOTE:
The registered office address of the company has been shifted from “No.20/6, 1st Floor, Anjaneya Temple Street, Palm Grove Road, Austin Town, Bangalore - 560047, Karnataka, India” to the present address w.e.f.29.01.2010.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U70200KA2005PTC036218 |
|
Name of the company |
EMMANUEL CONSTRUCTIONS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
No.7, I and II Floor, 5th Cross, Behind State Bank of India, Victoria
Layout, Bangalore – 560047, Karnataka, India E-Mail Id : ecpl955@hotmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Others (Proposed Plant and Machinery) |
|
Particular of charge holder |
Karnataka State Financial Corporation, KSFC Bhavan, No.1/1, Thimmaiah
Road, Near Contonment Railway Station, Bangalore - 560052, Karnataka, India E-mail Id : info@ksfc.in |
|
Nature of instrument creating charge |
Mortgage of Property bearing Sy.No.89/2 and 89/3, Kammasandra Village,
Attibele Hobli, Anekal Talluk, Bangalore, measuring totally 1 Acre 28.15
Guntas along with the proposed Building Flats and Civil Works to be
constructed there upon. Hypothecation of Proposed Plant and Machinery. |
|
Date of instrument Creating the charge |
06/03/2010 |
|
Amount secured by the charge |
Rs.100.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest The ROI applicable to this term loan of Rs.100.000 Millions will be at
15.5% P.A. In case of default in the Payment of Installments of either
Principal or Interest or both, enhanced interest at 2% P.A. Terms of Repayment Principal sum of Rs.100.000 Millions will be paid in 07 Quarterly
Installments as noted below: First 04 Quarterly Installments of Rs.12.500 Millions each; Next 02 Quarterly Installments of Rs.15.000 Millions each; Last 01 Quarterly Installments of Rs.20.000 Millions each; The First of such Installments being paid on 10th day of the 6th
Quarter from the date of the First release/ disbursement of the said
Principal sum in terms of the Sanction Communication Letter. Margin 50% Extent and Operation of the charge Rs.100.000 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Property bearing Sy.No.89/2 and 89/3, Kammasandra Village, Attibele
Hobli, Anekal Talluk, Bangalore, measuring Totally 1 acre 28.15 guntas along
with the proposed Building Flats. Civil Work to be constructed there upon. Hypothecation of Proposed
Plant and Machinery. |
FIXED ASSETS:
·
Air Conditioner
·
Computer
·
Electrical and Fittings
·
Furniture and Fixtures
·
Motor Car
·
Motor Cycle
·
Tipper Loadking Super
·
Telephone Instruments
·
Plant and Machinery
·
UPS
·
Camera
WEBSITE DETAILS:
HISTORY
Subject was established in Bangalore in 2005 with idea of providing quality real estate for clients in the residential and commercial markets. In a short span of time they have completed development of 225,000 sqft in the form of residential and commercial projects .With the overwhelming response they received from their prestigious clients, they now have an array of interesting projects that will be launched in the coming days. Each of their projects are carefully designed and built under the watchful eyes of their dedicated teams. The most important feature of “Emmanuel " is that they cater to every budget and lifestyle enabling you to experience great comfort, great features and most importantly great value for money." Emmanuel" intents on increasing development with more countrywide projects and making in the overseas markets too.
Whether in property development , construction or real estate sales and marketing , "Emmanuel" will always strive to deliver innovative properties, personalized serve and out of the box thinking in order to achieve excellence in property development.
With the expertise and knowledge borne out of years of experience in dealing with difficult projects and complex field sites. Enables also provides end to end design and build solutions for private and commercial clients under one roof.
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.55.52 |
|
|
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
32 |
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.