1. Summary Information
|
Country |
India |
||
|
Company Name |
KMS COACH BUILDERS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ismail Shariff |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Najma Bhanu |
|
Registration # |
08-042580 |
||
|
Street Address |
125/1B, Near BMTC Depot 12, Industrial Area, Mysore Road, Kengeri,
Bangalore – 560060, Karnataka |
||
|
Established Date |
23.04.2007 |
SIC Code |
-- |
|
Telephone# |
91-80-28486838/ 39 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-28486487 |
Business Style 2 |
Bus Body |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
State Bank of
Mysore |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
- |
Imac India Coach Builders Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
237,802,000 |
Current Liabilities |
124,535,000 |
|
Inventories |
12,895,000 |
Long-term Liabilities |
25,172,000 |
|
Fixed Assets |
15,828,000 |
Other Liabilities |
27,516,000 |
|
Deferred Assets |
000 |
Total Liabilities |
177,223,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
79,302,000 |
|
|
|
Net Worth |
89,302,000 |
|
Total Assets |
266,525,000 |
Total Liab. & Equity |
266,525,000 |
|
Total Assets (Previous Year) |
186,517,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
1,073,392,000 |
Net Profit |
39,044,000 |
|
Sales(Previous yr)/ Total Income |
577,541,000 |
Net Profit(Prev.yr) |
15,524,000 |
MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KMS COACH BUILDERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
125/1B, Near BMTC Depot 12, Industrial Area, Mysore Road, Kengeri,
Bangalore – 560060, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.04.2007 |
|
|
|
|
Com. Reg. No.: |
08-042580 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200KA2007PTC042580 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK07925B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK0734D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bus Body. |
|
|
|
|
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 357000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “KMS Group”. It is an established company having
a satisfactory track record. It has achieved better growth in its turnover during
2012. Trade relations are reported as decent. 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB – [Long Term] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
19.11.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 [Short Term] |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
19.11.2012 |
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/ Factory : |
125/1B, Near BMTC Depot 12, Industrial Area, Mysore Road, Kengeri,
Bangalore – 560060, Karnataka, India |
|
Tel. No.: |
91-80-28486838/ 39 |
|
Fax No.: |
91-80-28486487 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Ismail Shariff |
|
Designation : |
Director |
|
Address : |
No.126 1st Floor, D Main, LIG 2nd Stage, |
|
Date of Birth/Age : |
25.06.1963 |
|
Qualification : |
Under - Graduate |
|
Date of Appointment : |
23.04.2007 |
|
Din No.: |
01969927 |
|
|
|
|
Name : |
Mrs. Najma Bhanu |
|
Designation : |
Director |
|
Address : |
No.126 1st Floor, D Main, LIG 2nd Stage, |
|
Date of Birth/Age : |
02.11.1974 |
|
Date of Appointment : |
23.04.2007 |
|
Din No.: |
02006386 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ismail Shariff |
|
79000 |
|
Najma Bhanu |
|
21000 |
|
|
|
|
|
TOTAL
|
|
100000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bus Body. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of Mysore, Head Office Mid Corporate Processing Centre,
Bangalore-560009, Karnataka, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudhakar Hegde and Company Chartered Accountants |
|
Address : |
No. 167/4, I Floor, 31st Cross, 16th Main, 4th
Block, East Jayanagar, Bangalore-560011, Karnataka, India |
|
PAN No: |
AAQPK6879B |
|
|
|
|
Associates : |
Imac India Coach
Builders Private Limited [U34102KA2010PTC053284] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 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 |
10.000 |
10.000 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
79.302 |
40.259 |
27.234 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
89.302 |
50.259 |
34.734 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.128 |
1.137 |
1.725 |
|
|
2] Unsecured Loans |
25.044 |
4.915 |
4.351 |
|
|
TOTAL BORROWING |
25.172 |
6.052 |
6.076 |
|
|
DEFERRED TAX LIABILITIES |
0.853 |
0.530 |
0.319 |
|
|
|
|
|
|
|
|
TOTAL |
115.327 |
56.841 |
41.129 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.828 |
14.650 |
15.100 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.895
|
22.397 |
10.461 |
|
|
Sundry Debtors |
33.199
|
52.190 |
33.572 |
|
|
Cash & Bank Balances |
32.534
|
17.670 |
17.684 |
|
|
Other Current Assets |
34.407
|
20.265 |
4.885 |
|
|
Loans & Advances |
137.662
|
59.345 |
26.948 |
|
Total
Current Assets |
250.697
|
171.867 |
93.550 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
117.852
|
108.165 |
37.198 |
|
|
Other Current Liabilities |
6.683
|
7.738 |
22.037 |
|
|
Provisions |
26.663
|
13.773 |
8.364 |
|
Total
Current Liabilities |
151.198
|
129.676 |
67.599 |
|
|
Net Current Assets |
99.499
|
42.191 |
25.951 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.078 |
|
|
|
|
|
|
|
|
TOTAL |
115.327 |
56.841 |
41.129 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1073.392 |
577.541 |
603.372 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
997.773 |
549.642 |
578.926 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
75.619 |
27.899 |
24.446 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.575 |
12.375 |
8.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
39.044 |
15.524 |
16.082 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend Paid |
7.500 |
0.000 |
1.500 |
|
|
|
Proposed Final Dividend |
1.000 |
2.500 |
3.500 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
390.44 |
155.24 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.64
|
2.69 |
2.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.37
|
14.95 |
22.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.85
|
0.55 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28
|
0.12 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.33 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
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] |
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 |
Yes |
OPERATING RESULTS:
The financial
result of the company for the year 2011-12 was encouraging and the company has
registered an increase of 85.85% in sales and other income. The company’s
turnover has crossed Rs.1000.000 Millions, which is the result of honest
efforts of the directors and employees. And the company has reasonable orders
on hand as on date, which will result in higher sales in the coming years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10149474 |
|
Corporate
identity number of the company |
U34200KA2007PTC042580 |
|
Name of the
company |
KMS COACH
BUILDERS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
125/1B, Near BMTC Depot 12, Industrial Area, Mysore Road, Kengeri,
Bangalore – 560060, Karnataka, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] |
|
Particular of
charge holder |
State Bank of Mysore, Head Office Mid Corporate Processing Centre,
Bangalore-560009, Karnataka, India Email: keshava.saralaya@sbm.co.in
|
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation
over entire current assets including stocks of raw materials, SFG,
consumables and receivables. Extension of hypothecation charge over current
assets |
|
Date of
instrument Creating the charge |
28.03.2012 |
|
Amount secured by
the charge |
Rs.120.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 5.00% above base
rate, present effective rate 15.50% Terms of Repayment Repayable On
Demand Margin 25% For Stocks
And 50% For Receivables 25% For Bank
Guarantee Extent and Operation of the charge Hypothecation
over current assets, including stocks of raw materials, semi finished goods, consumables
and receivables. Extension of
hypothecation charge over entire current assets |
|
Short particulars
of the property charged |
Hypothecation
over current assets, including stocks of raw materials, semi finished goods,
consumables and receivables. Extension of
hypothecation charge over entire current assets Cash credit upto
Rs.60.000 millions Bank guarantee
upto Rs.60.000 millions (enhancement from Rs.30.000 millions) |
|
Particulars of
the present modification |
Working Capital
limits enhanced from Rs.90.000 millions to Rs.120.000 millions (Cash Credit
Rs.60.000 millions and B.G. enhanced from Rs.30.000 millions to Rs.60.000
millions) |
FIXED ASSETS:
- Air
Conditioner
- Computer and
Fixtures
- Office
Building
- Furniture
- Office
Equipments
- Printer
- Vehicles
- Water Puffier
- Plant and
Machinery
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.54.65 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.