1. Summary Information
|
|
|
Country |
|
|
Company Name |
FORTUNA IMPEX
PRIVATE LIMITED |
Principal Name 1 |
Manoj Kumar Bhandari |
|
Status |
Moderate |
Principal Name 2 |
Amarendran Kamar |
|
|
|
Registration # |
-- |
|
Street Address |
12-D, |
||
|
Established Date |
25.03.1996 |
SIC Code |
-- |
|
Telephone# |
91-33-22822270 |
Business Style 1 |
Attendance and Access Control Systems. |
|
Fax # |
91-33-22822267 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,787,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate (48.10%) Directors or
relatives of Directors (51.90%) |
Banking |
Bank of
Maharashtra |
|
Public Limited Corp. |
NO |
Business Period |
16 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
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 |
33,717,000 |
Current Liabilities |
15,672,000 |
|
Inventories |
14,906,000 |
Long-term Liabilities |
00,000 |
|
Fixed Assets |
2,691,000 |
Other Liabilities |
5,451,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
21,123,000 |
|
Invest& other Assets |
2,028,000 |
Retained Earnings |
30,432,000 |
|
|
|
Net Worth |
32,219,000 |
|
Total Assets |
53,342,000 |
Total Liab. & Equity |
53,342,000 |
|
Total Assets (Previous Year) |
16,079,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
40,582,000 |
Net Profit |
5,277,000 |
|
Sales(Previous yr) |
32,335,000 |
Net Profit(Prev.yr) |
7,066,000 |
|
Report Date : |
15.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
FORTUNA IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12-D, Harrington Mansion, 8 HO Chi Minh Sarani, Kolkata-700 071, West
Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.03.1996 |
|
|
|
|
Com. Reg. No.: |
21-078383 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.787 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32202WB1996PTC078383 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALF00511A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF3870A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and supplying of Attendance and Access
Control Systems. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There
appears slight dip in profitability. However, Networth seem strong. Trade
relation are reported to be fair. Business is active. Payment are reported to
be fair. Payment 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 : |
12-D, Harrington Mansion, 8 HO Chi Minh Sarani, Kolkata-700 071, West
Bengal, India |
|
Tel. No.: |
91-33-22822270 |
|
Fax No.: |
91-33-22822267 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Ms. Seema Bhandari |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
67A, Gobindapur, PS Jadavpur, Kolkata – 700045, West |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.06.1966 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
04.10.1999 |
|||||||||||||||||||||||||||
|
DIN No.: |
00301719 |
|||||||||||||||||||||||||||
|
PAN No.: |
ADMPB6926B |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Amarendran Kamar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
5A, Green Row, Ganguly Bagan, Kolkata – 700084, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.07.1963 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
25.03.1996 |
|||||||||||||||||||||||||||
|
DIN No.: |
00375895 |
|||||||||||||||||||||||||||
|
PAN No.: |
ASBPK3809L |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Manoj Kumar Bhandari |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
67A, Gobindapur, PS Jadavpur, Kolkata – 700045, West |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.11.1964 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
17.01.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
00378523 |
|||||||||||||||||||||||||||
|
PAN No.: |
ADBPB5644F |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Santimay Gangopadhyay |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
5A West Ghoshpara Po-Ghoshpara Bally, Howrah – 711227, West Bengal,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.12.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.1999 |
|||||||||||||||||||||||||||
|
DIN No.: |
00378529 |
|||||||||||||||||||||||||||
|
PAN No.: |
ACWPG2240C |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Meera Amarendran Kamar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
5A, Green Row, Ganguly Bagan, Kolkata – 700084, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1967 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
04.10.1999 |
|||||||||||||||||||||||||||
|
DIN No.: |
00387866 |
|||||||||||||||||||||||||||
|
PAN No.: |
AGXPK0615J |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Kumar Bhandari |
|
46375 |
|
Amarendran Kamar |
|
46375 |
|
Coral Commercial Private Limited, |
|
86000 |
|
Total |
|
178750 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
48.10 |
|
Directors or relatives of Directors |
51.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and supplying of Attendance and Access
Control Systems. |
|
|
|
GENERAL INFORMATION
|
Customers : |
·
Ministry of Home Affairs ·
Government of Maharashtra ·
NTPC Limited ·
Neelachal Ispat Nigam Limited ·
ITC Limited – ILTD DIV ·
Tube Investments of India ·
Larsen and Tourbo Limited ·
Birla Tyre Limited ·
Variable Energy Cyclotron Centre (VECC) ·
Dunlop India ·
Ramoji Film City ·
Haldia Petrochemicals Limited ·
Aditya Birla Group ·
BOC ·
Mumbai International Airport Limited ·
Coal India ·
Eveready ·
Ford ·
Vedanta |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Bank of Maharashtra, Chandni Chowk Market Branch, Calcutta, West
Bengal India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raj Kumar Jalan and Associates Chartered Accountant |
|
Address : |
41B, |
|
PAN No.: |
ACIPJ85556G |
CAPITAL STRUCTURE
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
178750 |
Equity Shares |
Rs. 10/- each |
Rs. 1.787
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 |
1.787 |
1.787 |
1.787 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.432 |
25.156 |
18.309 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.219 |
26.943 |
20.096 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.252 |
0.522 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.252 |
0.522 |
|
|
DEFERRED TAX LIABILITIES |
0.144 |
0.144 |
0.089 |
|
|
|
|
|
|
|
|
TOTAL |
32.363 |
27.339 |
20.707 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.691 |
3.170 |
3.416 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.028 |
1.732 |
1.204 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.906
|
9.966
|
6.356 |
|
|
Sundry Debtors |
21.103
|
17.097
|
20.614 |
|
|
Cash & Bank Balances |
6.210
|
2.563
|
2.615 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
6.404
|
4.071
|
5.136 |
|
Total
Current Assets |
48.623
|
33.697
|
34.721 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.672
|
5.944
|
11.732 |
|
|
Other Current Liabilities |
1.604
|
2.814
|
2.435 |
|
|
Provisions |
3.703
|
2.502
|
4.467 |
|
Total
Current Liabilities |
20.979
|
11.260
|
18.634 |
|
|
Net Current Assets |
27.644
|
22.437
|
16.087 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.363 |
27.339 |
20.707 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
40.582 |
32.335 |
47.484 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
34.104 |
24.152 |
36.130 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.478 |
8.183 |
11.354 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.201 |
1.117 |
1.554 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.277 |
7.066 |
9.800 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.52 |
39.53 |
54.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
13.00
|
21.85
|
20.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.62
|
22.19
|
3.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.30
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.65
|
0.44
|
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
2.99
|
1.86 |
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 |
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 |
No |
|
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 |
Yes |
|
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 |
U32202WB1996PTC078383 |
|
Name of the
company |
FORTUNA IMPEX PVT
LTD |
|
Address of the registered
office or of the principal place of
business in |
12-D, Harrington Mansion, 8 – HO - Chi Minh Sarani, Kolkata - 700 071,
West Bengal, India e-mail: rajkjalan29@gmail.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Stocks |
|
Particular of
charge holder |
Bank of
Maharashtra, Chandni Chowk Branch, 19, Prafulla Sarkar Street, Kolkata –
700072, West Bengal, India e-mail: brmgr965@mahabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Composite deed of
hypothecation for all facilities Guarantee bond(RF
154A) |
|
Date of
instrument Creating the charge |
22.04.2010 |
|
Amount secured by
the charge |
Rs. 2.848
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3% For Financial Guarantee
and 2% For Performance Guarantee Plus Rs.150 For Each Guarantee Terms of Repayment On Demand Margin 47.33% in Term
Deposits. Extent and Operation of the charge First and
exclusive charge by way of hypothecation charge in favour of the bank over
the borrower's present & future movable plants, machineries, inventories,
monies, bills receivables, book debts due or to become due to the borrowers
etc. |
|
Short particulars
of the property charged |
Movable plants,
machineries, inventories, monies, bills receivables, book debts etc. |
FIXED ASSETS:
·
Office Premises
·
Air Conditioners
·
Computer
·
Bar Code Printer
·
Printer
·
EPABX
·
Furniture and Fixture
·
Pager
·
Laptop
·
Multimedia Projector
·
Mobile Phone
·
Fax Machine
·
Laminating Machine
·
Binding Machine
·
Digital Multimeter
·
Metal Dice
·
Motor Car
·
Stencil
·
Security Equipment
·
Testing Equipment
·
Tools and Equipment
·
Computer
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.54.73 |
|
|
1 |
Rs.88.61 |
|
Euro |
1 |
Rs.71.34 |
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 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
46 |
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.