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Report Date : |
25.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MALU ELECTRODES PRIVATE LIMITED |
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Registered
Office : |
S-111, Ramkrishna Apartment, Schaprunagare, Square, Nagpur-440008, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
05.09.1990 |
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Com. Reg. No.: |
11-058024 |
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Capital
Investment / Paid-up Capital : |
Rs. 105.000 millions |
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CIN No.: [Company Identification
No.] |
U31200MH1990PTC058024 |
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IEC No.: |
0395058091 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPM00629G |
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PAN No.: [Permanent Account No.] |
AABCM2306H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of
Welding Electrodes. |
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No. of Employees
: |
133 Approximately
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Latest
financials of the company are not made available. As per previous years record, the company is found to have
satisfactory track. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered normal 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
A-(Long Term Rating ) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
24th April 2012 |
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Rating Agency Name |
CRISIL |
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Rating |
A2+ (Short Term Rating) |
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Rating Explanation |
Strong degree of safety and lowest credit risk |
|
Date |
24th April 2012 |
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 : |
S-111, Ramkrishna Apartment, Schaprunagare, Square, Nagpur-440008, |
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Tel. No.: |
91-712-2760873/ 2767121/ 2778931 / 2730399 / 2734895 |
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Fax No.: |
91-712-2761315 /
2730719 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft ( Owned) |
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Head Office : |
Neelkamal, 1249, Central Avenue, Nagpur - 440 002, Maharashtra, India |
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Tel. No.: |
91-712-2760873, 2767121 |
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Fax No.: |
91-712 2761315 |
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E-Mail : |
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Factory 1 : |
Plot No S-3/S-4, MIDC Hingana Nagpur-440 016 Maharashtra,
India |
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Tel. No.: |
91-712-2730399, 2734895 |
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Fax No.: |
91-712 2730719 |
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E-Mail : |
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Factory 2 : |
Plot No 21-22, Sector 3-A, SIDCUL, IIE, Haridwar-249 401
(Uttarakhand) INDIA |
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Tel. No.: |
91-13341239398,323109 |
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Fax No.: |
91-1334 239414 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Venugopal Malu |
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Designation : |
Director |
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Address : |
1249, Neelkamal,
Central Avenue, Nagpur – 440002, Maharashtra, India |
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Date of Birth/Age : |
25.10.1980 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
00301177 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Shrawankumar Ramlal Malu |
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Designation : |
Director |
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Address : |
1249, Neelkamal,
Central Avenue, Nagpur – 440002, Maharashtra, India |
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Date of Birth/Age : |
18.01.1960 |
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Date of Appointment : |
09.09.1990 |
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DIN No.: |
00301141 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.09.2011
|
Names of Shareholders |
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No. of Shares |
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Shawankumar Malu |
|
875000 |
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Punamchand Malu |
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910000 |
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Kaushalya Malu |
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770000 |
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Sushila Malu |
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812000 |
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Anita Malu |
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745500 |
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Pushpa .D. Malu |
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805000 |
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Ganpati Malu |
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17500 |
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Damodharlal Malu |
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910000 |
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Purushottam Malu |
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945000 |
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Purushottam Malu, HUF |
|
59500 |
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Shrawankumar Malu HUF |
|
59500 |
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Punamchand Malu HUF |
|
56000 |
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Damodharlal Malu HUF |
|
56000 |
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Marigold Farms Private Limited, India |
|
910000 |
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Venu Gopal Malu |
|
700000 |
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Radheshyam P Malu |
|
770000 |
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Bharat S. Malu |
|
689500 |
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Shalini V. Malu |
|
409500 |
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TOTAL |
|
10500000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
9.09 |
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Directors or relatives of Directors |
90.91 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Welding Electrodes. |
GENERAL INFORMATION
|
No. of Employees : |
133 Approximately |
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Bankers : |
Ø Axis Bank
Limited, Trishul 3rd Floor, Opposite Samartheshwar Temple, Law
Garden Ellisbridge, Ahmedabad – 380 006. Gujarat, India Ø UTI Bank
Limited, 1st Floor Sanskrutik Sankul, Rani Jhansi Square
Sitabuldi, Nagpur – 440 010, Maharashtra, India Ø State Bank of Ø Punjab National Bank Ø Bank of Maharashtra Ø ICICI Bank Ø State Bank of India Central Avenue Road, [Nagpur] Branch. |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Demble Ramani and Company Chartered Accountants |
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Address : |
201, M. G. House, Civil Lines, Nagpur – 440 001, Maharashtra, India |
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Tel. No.: |
91-712-3918630 / 3918631 |
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E-Mail : |
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PAN No.: |
AABFD9880A |
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Enterprises owned / Managed by Key Managerial Personnel: |
Ø Shree Sales Corporation Private Limited, India Ø Sunflame Fuels Private Limited, India Ø Marigold Farms Private Limited, India Ø Frontline Commercial Private Limited, India Ø Malu Paper Mills Limited, India Ø Salasar Steel & Alloys Private Limited, India |
CAPITAL STRUCTURE
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
Rs. 10/- each |
Rs. 105.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
105.000 |
14.300 |
14.300 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
196.667 |
95.293 |
45.767 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
301.667 |
109.593 |
60.067 |
|
|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
141.860 |
169.963 |
103.902 |
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2] Unsecured Loans |
13.660 |
38.600 |
19.560 |
|
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TOTAL BORROWING |
155.520 |
208.563 |
123.462 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
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TOTAL |
457.187 |
318.156 |
183.529 |
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|
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|
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APPLICATION OF FUNDS |
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|
|
|
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|
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|
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FIXED ASSETS [Net Block] |
135.853 |
113.268 |
71.730 |
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Capital work-in-progress |
0.551 |
0.000 |
6.632 |
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|
|
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INVESTMENT |
167.937 |
8.888 |
0.000 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
353.178
|
38.776
|
40.015
|
|
|
Sundry Debtors |
230.380
|
155.771
|
72.507
|
|
|
Cash & Bank Balances |
8.775
|
25.492
|
10.088
|
|
|
Other Current Assets |
0.000 |
0.000 |
0.000
|
|
|
Loans & Advances |
77.515
|
39.565
|
17.852
|
|
Total
Current Assets |
669.848
|
259.604
|
140.462
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
481.264
|
53.395
|
20.563
|
|
|
Current Liabilities |
11.737
|
1.018
|
14.732
|
|
|
Provisions |
24.408
|
9.733
|
0.000
|
|
0.Total
Current Liabilities |
517.409
|
64.146
|
35.295
|
|
|
Net Current Assets |
152.439
|
195.458
|
105.167
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.407 |
0.544 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
457.187 |
318.156 |
183.529 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1898.317 |
1023.680 |
614.477 |
|
|
|
Other Income |
0.000 |
(0.174) |
0.318 |
|
|
|
TOTAL (A) |
1898.317 |
1023.506 |
614.795 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
1524.741 |
901.181 |
546.257 |
|
|
|
Selling and Distribution Expenses |
0.000 |
20.063 |
10.593 |
|
|
|
Administrative Expenses |
82.149 |
10.240 |
8.123 |
|
|
|
TOTAL (B) |
1606.890 |
931.484 |
564.973 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
291.427 |
92.022 |
49.822 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.909 |
22.162 |
15.627 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
267.518 |
69.860 |
34.195 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.211 |
4.389 |
3.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
261.307 |
65.471 |
30.334 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
69.934 |
15.945 |
9.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
191.373 |
49.526 |
20.624 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.22 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.08
|
4.83
|
3.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.76
|
6.39
|
4.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.75
|
13.28
|
9.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.86
|
0.59
|
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.23
|
2.48
|
2.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
4.04
|
3.97 |
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 |
Yes |
|
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) |
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 |
No |
|
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 |
Yes |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U31200MH1990PTC058024 |
|
Name of the
company |
MALU ELECTRODES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
S-111, Ramkrishna Apartment, Schaprunagar, Square, Nagpur-440008,
Maharashtra, India e-mail: prmalu@satyam.net.in
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10117690 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Axis Bank Limited, Trishul 3rd Floor, Opposite
Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad – 380 006. Gujarat,
India E-mail: k.chengappa@axisbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry (Extension of Equitable Mortgage) |
|
Date of
instrument Creating the charge |
03.05.2012 |
|
Amount secured by
the charge |
Rs. 712.132
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per the Terms
and Condition of Vide Memorandum of Entry Dated 03.05.2012 Terms of Repayment As Per the Terms
and Condition of Vide Memorandum of Entry Dated 03.05.2012 Margin As Per the Terms
and Condition of Vide Memorandum of Entry Dated 03.05.2012 Extent and Operation of the charge The already
sanctioned credit facility of Rs.712.132 millions is additionally secured by
way of mortgage charge on four immovable properties situated at (a) Plot Nos. S-3
& S-4, MIDC Hingna Nagpur (b) Plot No.21-22
SIDCUL, Ranipur, Haridwar (c) Shop No.110,
NIT Plot No.227, Lakadganj, Nagpur - owned by the company. And other
immovable properties of relatives of Directors. Others 1. S.No.141 C-1,
Lihigaon, Kamptee, Nagpur 2. S.No.141 c-6,
Lihigaon, Kamptee, Nagpur 3. Shop No.111,
NIT Plot No.227, Lakadganj, Nagpur 4. Shop No.112,
NIT Plot No.227, Lakadganj, Nagpur 5. NIT Plot No.
1416, Deshpande layout, Nagpur 6. NIT Plot
No.1416A Deshpande Lay out, Nagpur. |
|
Short particulars
of the property charged |
All the piece and
parcel of the land bearing MIDC Plot No. S-3 and S-4, admeasuring 4050.00 sq.
mtrs. each within the village limit of Nildoh, Tahsil Hingna, District Nagpur
owned by company Plot no. 21 and
22, area 3750 sq.mtr, situated at sector 3A,Integrated Industrial
Estate(IIE), SIDCUL, BHEL, Ranipur, Village Satempur Mehdood, Dist Haridwar
owned by the company. All the piece and
parcel of shop block no.110, admeasuring 323sq.ft. i.e. 30 sq. mtrs. situated
on the 1st floor "Ramkrushna Apartments" standing thereon NIT lease
hold plot no.227, adm. 15126 sq.mtrs in whole situated at Central Road
Section III Scheme, Lakadganj Layout, Nagpur NMC House no. 223/21, bearing
city survey no. 103, sheet no. 185, mouza Nagpur, ward no.23, Tah. and
District Nagpur. All the piece and
parcel of Agricultural Land bearing Survey no. 141-C/1, and Survey no.
141-C/6, adm. about 1.10 hectares, i.e.2.72 Acres, situated at Mouza
Lihigaon, Ph. no.21Tahsil Kamptee and Dist. Nagpur owned by Kaushalyadevi
Malu. All the piece and
parcel of Agricultural land bearing survey no.141-C/6, admeasuring 2.72 Acres
with Bhumiswami Occupant Class-1 situated at Mouza Lihigaon, Tahsil Kamptee,
District Nagpur owned by Pushpadevi Malu. All that piece
and parcel of Shop Block No.111, admeasuing 225 sq situated on 1st floor in
building known as Ramkrushan Apartments, NIT lease hold Plot no.227,
Lakadganj Lay out Nagpur. Other properties
as mentioned in Second Schedule of attached MOE. |
|
Date of latest
modification prior to the present modification |
03.05.2012 |
|
Particulars of
the present modification |
The already
sanctioned credit facility of Rs.712.132 millions is additionally secured by
way of mortgage charge on four immovable properties situated at (a) Plot Nos. S-3
& S-4, MIDC Hingna Nagpur (b) Plot No.21-22
SIDCUL, Ranipur, Haridwar (c) Shop No.110,
NIT Plot No.227, Lakadganj, Nagpur - owned by the company. And other
immovable properties of relatives of Directors. |
Fixed Assets:
Ø Computers
Ø Electrical Equipments
Ø Furniture and Fit
Ø Land
Ø Machinery and plant
Ø Car
Ø Buildings
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.53.29 |
|
|
1 |
Rs.86.44 |
|
Euro |
1 |
Rs.68.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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 |
YES |
|
--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.