1. Summary Information
|
Country |
India |
||
|
Company Name |
AJNI INDUSTRIES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Pannalal Bhairavlal Sharma |
|
Status |
Satisfactory |
Principal Name 2 |
Dipu Bhairavlal Sharma |
|
Registration # |
04-045523 |
||
|
Street Address |
Plot No. 20 to 26, Gujarat Industrial Estate, Behind Roses Nursery,
Chhani Road, Navayard, Vadodara-390002, Gujarat |
||
|
Established Date |
18.02.2005 |
SIC Code |
-- |
|
Telephone# |
91-265-2774855/2761515 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-265-2762424 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Aluminium of GI Doors and Windows |
|
|
# of employees |
70 [Approximately] |
Product Name 2 |
-- |
|
Paid up capital |
Rs.7,500,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
60,611,000 |
Current Liabilities |
60,545,000 |
|
Inventories |
21,489,000 |
Long-term Liabilities |
25,966,000 |
|
Fixed Assets |
104,185,000 |
Other Liabilities |
9,514,000 |
|
Deferred Assets |
000 |
Total Liabilities |
96,025,000 |
|
Invest& other Assets |
6,341,000 |
Retained Earnings |
89,101,000 |
|
|
|
Net Worth |
96,601,000 |
|
Total Assets |
192,626,000 |
Total Liab. & Equity |
192,626,000 |
|
Total Assets (Previous Year) |
145,253,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
250,000,000 |
Net Profit |
13,627,000 |
|
Sales(Previous yr) |
200,000,000 |
Net Profit(Prev.yr) |
30,085,000 |
MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AJNI INDUSTRIES PRIVATE LIMITED [w.e.f. 02.06.2011] |
|
|
|
|
Formerly Known
As : |
AJNI CLEAN ROOMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 20 to 26, Gujarat Industrial Estate, Behind Roses Nursery,
Chhani Road, Navayard, Vadodara-390002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.02.2005 |
|
|
|
|
Com. Reg. No.: |
04-045523 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36100GJ2005PTC045523 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Aluminium of GI Doors and
Windows. |
|
|
|
|
No. of Employees
: |
70 [Approximately] |
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 386000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appear some dip in the sales and profits during 2012. However, trade
relations are fair. Business is active. Payment terms are usually correct and
as per commitments. The company can be considered 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.
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.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Pannalal Bhairavlal Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9825011375 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 20 to 26, Gujarat Industrial Estate, Behind Roses Nursery,
Chhani Road, Navayard, Vadodara-390002, Gujarat, India |
|
Tel. No.: |
91-265-2774855/2761515 |
|
Mobile No.: |
91-9825011375 [Mr. Pannalal Bhairavlal Sharma] |
|
Fax No.: |
91-265-2762424 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 20.09.2012
|
Name : |
Mr. Pannalal Bhairavlal Sharma |
|
Designation : |
Director |
|
Address : |
C/90, Tashkand Society, Nizampura, Vadodara-390002, Gujarat, India |
|
Date of Birth/Age : |
15.10.1974 |
|
Date of Appointment : |
18.02.2005 |
|
Din No.: |
00292286 |
|
|
|
|
Name : |
Dipu Bhairavlal Sharma |
|
Designation : |
Director |
|
Address : |
C/90, Tashkand Society, Nizampura, Vadodara-390002, Gujarat, India |
|
Date of Birth/Age : |
13.08.1976 |
|
Date of Appointment : |
18.02.2005 |
|
Din No.: |
00292405 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pannalal Bhairavlal Sharma |
|
275000 |
|
Dipu Bhairavlal Sharma |
|
275000 |
|
Dularam B. Mistry |
|
200000 |
|
|
|
|
|
TOTAL
|
|
750000 |
AS ON 20.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Aluminium of GI Doors and
Windows. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
70 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Union Bank of India, Nizampura Branch, Near Ghelani Petrol Pump,
Nizampura, Vadodara-390002, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ruparel and Associates Chartered Accountants |
|
Address : |
FF 10, Avishkar Complex, Old Padra Road, Baroda-390015, Gujarat, India
|
|
PAN No: |
AAYPR0065L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each
|
Rs.7.500
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.500 |
7.500 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
89.101 |
75.475 |
45.389 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
96.601 |
82.975 |
52.889 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Long Term Borrowings |
14.976 |
9.307 |
23.773 |
|
|
2] Short Term Borrowings |
10.990 |
10.431 |
0.000 |
|
|
TOTAL BORROWING |
25.966 |
19.738 |
23.773 |
|
|
DEFERRED TAX LIABILITIES |
9.393 |
7.111 |
6.225 |
|
|
|
|
|
|
|
|
TOTAL |
131.960 |
109.824 |
82.887 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
104.185 |
68.857 |
59.692 |
|
|
Capital work-in-progress |
6.341 |
0.000 |
0.447 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
21.489
|
10.958 |
9.370 |
|
|
Sundry Debtors |
54.220
|
50.791 |
54.831 |
|
|
Cash & Bank Balances |
2.689
|
12.764 |
1.390 |
|
|
Other Current Assets |
0.000
|
0.025 |
0.000 |
|
|
Loans & Advances |
3.702
|
1.858 |
1.873 |
|
Total
Current Assets |
82.100
|
76.396 |
67.464 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.849
|
21.363 |
|
|
|
Other Current Liabilities |
9.696
|
7.441 |
40.924 |
|
|
Provisions |
0.121
|
6.625 |
3.792 |
|
Total
Current Liabilities |
60.666
|
35.429 |
44.716 |
|
|
Net Current Assets |
21.434
|
40.967 |
22.748 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
131.960 |
109.824 |
82.887 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
250.000 [Approximately] |
200.000 [Approximately] |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.890 |
49.100 |
31.318 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.137 |
3.780 |
2.918 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
21.753 |
45.320 |
28.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.126 |
15.235 |
9.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
13.627 |
30.085 |
18.746 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
75.474 |
45.389 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
89.101 |
75.474 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
18.17 |
40.11 |
24.99 |
|
Expected Sales (2012-13) : Rs.280.000 Millions.
The above information has been parted by Mr. Pannalal Bhairavlal Sharma.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.67
|
31.20 |
22.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.55 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27
|
0.23 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
2.15 |
1.51 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
NOTE:
The registered office of the company has been shifted from 20, 21 and 40 to 43, Gujarat Industrial Estate, B/H Amin Ford, Chhani Road, Navayard, Vadodara-390002, Gujarat, India to the present address w.e.f.01.05.2011.
FINANCIAL AND WORKING RESULTS:
There is stiff competition with increased
number of players in the market. There is also slow down in the economy as a
whole in India as well as in international markets. Costs of various inputs
have gone up. Industrial activity is at a very low level. There is also
shortage of skilled labour required for efficient manufacturing operation.
There is fall in sales volume and sales realization. All these factors have
caused strain on company’s financial health with increase in manufacturing
costs and decline in sales revenue during the year under report. Company is
making all out efforts to achieve improved revenues and performance in the
coming year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U36100GJ2005PTC045523 |
|
Name of the
company |
AJNI INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 20 to 26, Gujarat Industrial Estate, Behind Roses Nursery,
Chhani Road, Navayard, Vadodara-390002, Gujarat, India |
|
Type of charge |
Others |
|
Particular of
charge holder |
Union Bank of India, Nizampura Branch, Near Ghelani Petrol Pump, Nizampura,
Vadodara-390002, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
vehicles agreement (SD-10) |
|
Date of
instrument Creating the charge |
31.07.2012 |
|
Amount secured by
the charge |
Rs.1.200 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest A Fixed Interest of
11.50% p.a. at monthly rests. Terms of Repayment 60 monthly
installments of Rs.0.026 million commencing from September - 2012. Margin Usual Extent and Operation of the charge Hypothecation of
Motor Car of TOYOTA FORTUNER FD (4*2 AT) |
|
Short particulars
of the property charged |
Hypothecation of
Motor Car of TOYOTA FORTUNER FD (4*2 AT) |
FIXED ASSETS:
- Freehold Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
- Computer
- Dies and
Moulds
- Computer
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.69.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.