1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
LOYA PRE
ENGINEERED BUILDINGS PRIVATE LIMITED |
Principal Name 1 |
MR. SHYAMSUNDER
TRILOKCHAND LOYA |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. SUNIL SHAMSUNDER LOYA |
|
Registration # |
11-114798 |
||
|
Street Address |
GUT NO.13 AND
14, SHENDRA JAHANGIR, BEHIND SKODA AUTO INDIA, NEAR MIDC SHENDRA, AURANGABAD
– 431 201, MAHARASHTRA |
||
|
Established Date |
06.05.1998 |
SIC Code |
-- |
|
Telephone# |
91-240-2622264/65 |
Business Style 1 |
MANUFACTURING |
|
Fax # |
91-240-2622265 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
PRE ENGINEERING BUILDING (PEB) |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.2,089,320/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
AXIS BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
|
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
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 |
47,322,000
|
Current Liabilities |
58,048,000
|
|
Inventories |
36,173,000
|
Long-term Liabilities |
26,836,000 |
|
Fixed Assets |
36,987,000 |
Other Liabilities |
5,121,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
90,005,000 |
|
Invest& other Assets |
7,068,000 |
Retained Earnings |
35,456,000 |
|
|
|
Net Worth |
37,545,000 |
|
Total Assets |
127,550,000 |
Total Liab. & Equity |
127,550,000 |
|
Total Assets (Previous Year) |
110,608,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
278,233,000 |
Net Profit |
9,558,000 |
|
Sales(Previous yr) |
196,281,000 |
Net Profit(Prev.yr) |
5,532,000 |
MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
LOYA PRE
ENGINEERED BUILDINGS PRIVATE LIMITED (w.e.f. 18.04.2012) |
|
|
|
|
Formerly Known
As : |
LOYA CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gut No.13 and
14, Shendra Jahangir, Behind Skoda Auto India, Near MIDC Shendra, Aurangabad
– 431 201, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.05.1998 |
|
|
|
|
Com. Reg. No.: |
11-114798 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.089
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH1998PTC114798 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Pre Engineering Building (PEB) and also engaged in
construction activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. 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) |
|
|
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 / Administrative Office / Plant : |
Gut No.13 and
14, Shendra Jahangir, Behind Skoda Auto India, Near MIDC Shendra, Aurangabad
– 431 201, Maharashtra, India |
|
Tel. No.: |
91-240-2622264/ 65 |
|
Fax No.: |
91-240-2622265 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Shyamsunder Trilokchand Loya |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
308/C/N 1, CIDCO, Aurangabad – 431 003, Maharashtra, India |
|
Date of Birth/Age : |
08.02.1937 |
|
Date of Appointment : |
21.08.1998 |
|
DIN No.: |
01537536 |
|
|
|
|
Name : |
Mr. Sunil Shamsunder Loya |
|
Designation : |
Managing Director |
|
Address : |
308/C/N 1, CIDCO, Aurangabad – 431 003, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1963 |
|
Date of Appointment : |
06.05.1998 |
|
DIN No.: |
01239168 |
|
|
|
|
Name : |
Mr. Sanjay Shyamsunder Loya |
|
Designation : |
Whole Time Director |
|
Address : |
308/C/N 1, CIDCO, Aurangabad – 431 003, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1968 |
|
Date of Appointment : |
06.05.1998 |
|
DIN No.: |
01239191 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Shamsunder Loya |
|
189022 |
|
Sanjay Shyamsunder Loya |
|
15900 |
|
Shyamsunder Trilokchand Loya |
|
2000 |
|
Neeru Sunil Loya |
|
2000 |
|
Omicron Power Engineers Private Limited, India |
|
10 |
|
Total |
|
208932 |
As on 26.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pre Engineering Building (PEB) and also engaged in
construction activity. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhartiya Sahuji and Waghmare Chartered Accountants |
|
Address : |
B-3 and 4, Suyash Complex, Kalda Corner, New Shreya Nagar, Aurangabad
– 431 005, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFB1899R |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital : Rs.7.500 millions
Issued, Subscribed & Paid-up Capital : Rs.2.089
millions
As on 31.03.2012
Authorised 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 |
|
208932 |
Equity Shares |
Rs.10/- each |
Rs.2.089
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 |
2.089 |
2.089 |
1.889 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.456 |
25.899 |
19.566 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.545 |
27.988 |
21.455 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
23.936 |
22.893 |
22.080 |
|
|
2] Unsecured Loans |
2.900 |
2.000 |
3.000 |
|
|
TOTAL BORROWING |
26.836 |
24.893 |
25.080 |
|
|
DEFERRED TAX LIABILITIES |
0.542 |
0.558 |
0.387 |
|
|
|
|
|
|
|
|
TOTAL |
64.923 |
53.439 |
46.922 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
36.987 |
34.011 |
29.644 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.068 |
6.337 |
1.426 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
36.173
|
38.375 |
19.438 |
|
|
Sundry Debtors |
23.735
|
20.927 |
19.978 |
|
|
Cash & Bank Balances |
10.984
|
2.333 |
7.566 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.603
|
8.625 |
5.000 |
|
Total
Current Assets |
83.495
|
70.260 |
51.982 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.807
|
41.447 |
32.218 |
|
|
Other Current Liabilities |
10.241
|
12.773 |
2.088 |
|
|
Provisions |
4.579
|
2.949 |
1.824 |
|
Total
Current Liabilities |
62.627
|
57.169 |
36.130 |
|
|
Net Current Assets |
20.868
|
13.091 |
15.852 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
64.923 |
53.439 |
46.922 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover |
278.233 |
196.281 |
123.942 |
|
|
|
Other Income |
0.709 |
2.149 |
1.873 |
|
|
|
TOTAL |
278.942 |
198.430 |
125.815 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
189.777 |
118.655 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
264.822 |
189.777 |
118.655 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
14.120 |
8.653 |
7.160 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.562 |
3.121 |
2.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.558 |
5.532 |
4.964 |
|
|
|
|
|
|
|
|
|
|
SURPLUS CARRIED
TO THE B/S |
9.558
|
5.532 |
4.964 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.75 |
26.48 |
26.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.43
|
2.79 |
3.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.07
|
4.41 |
5.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.72
|
8.30 |
8.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.31 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.71
|
0.89 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.23 |
1.44 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from 4 and 5, Megh Malhar Apartments, Town Centre, CIDCO, Aurangabad – 431 005, Maharashtra to the present address w.e.f. 12.03.2012.
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
- Gopal T. Loya |
1.000 |
1.000 |
|
- Nidhi S. Loya |
0.100 |
0.100 |
|
- S.T. Loya |
0.400 |
0.400 |
|
- Neeru S. Loya |
0.500 |
0.500 |
|
- Sunil S.Loya |
0.900 |
0.000 |
|
Total
|
2.900 |
2.000 |
FINANCIAL RESULTS
The financial year
2011-12 was full of achievements. The company also good business in both the
PEB and Construction division as compare to last year. The company has already
bagged good volumes of construction contracts and PEB Contracts in the current financial
year.
FUTURE OUTLOOK
The company’s main
area of expertise is now Pre Engineering Building along with Industrial Civil
Engineers and Contractors and it continues to commands goodwill and reputation in
this area. The PEB projects of the company are in full swing. Continuing
industrial growth in and around Aurangabad have increased the scope of the work
for the company. The company is very optimistic about its future.
CONTINGENT LIABILITY NOT PROVIDED FOR: (AS ON
31.03.2012)
·
Financial and Performance guarantees given by banks
on behalf of the Company Rs.8.461 millions.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U45201MH1998PTC114798 |
|
Name of the company |
LOYA PRE
ENGINEERED BUILDINGS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Gut No.13,
Shendra Jahangir, Behind Skoda Auto India, Near MIDC Shendra, Aurangabad –
431 201, Maharashtra, India E-Mail: csmanju.g@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10272960 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge |
|
Particular of charge holder |
Axis Bank
Limited, CTS No.18030, Sakar Building, Adalat Road, Kranti Chowk, Aurangabad
– 431 001, Maharashtra, India E-Mail: Jitesh.Wagle@axisbank.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplemental Deed of Hypothecation |
|
Date of instrument Creating the charge |
19.05.2012 |
|
Amount secured by the charge |
Rs.113.800 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Term Loan III: 3.25 % above Axis Bank base
rate, i.e. 13.25 % Cash CREDIT: 3.00 % above Axis Bank base
rate, i.e. 13.00 % Terms of Repayment: Cash Credit: Repayable on demand/review
within 12 months Term Loan III: 59 monthly installments of
Rs.0.458 million (moratorium of 60 months from the date of first
disbursement) Margin: Cash Credit: Stock 25%, Book Debts 30% Term Loan III: 31.25 % Extent and Operation of the charge: The charge will be operative till the loan
amount along with interest, charges, commission and expenses are repaid by
the company |
|
Short particulars of the property charged |
Entire current and fixed assets of the company
including plant and machinery, present and future, excluding vehicles |
|
Particulars of the present
modification |
The existing loan Rs.83.800 millions
(consist of cash credit Rs.20.000 millions, term loan 1 Rs.14.800 millions,
term loan 2 Rs.9.000 millions and bank guarantee Rs.40.000 millions) now
enhanced/modified to Rs.113.800 millions (consist of cash credit Rs.22.500
millions, term loan 1 Rs.14.800 millions, term loan 2 Rs.9.000 millions, term
loan 3 Rs.27.500 millions, including 0.214 million sub-limit of CAPEX FLC/BC
and bank guarantee Rs.40.000 millions) |
FIXED ASSETS:
Tangible Assets
·
Building
·
Plant and Machinery
·
Vehicles
·
Electrification
·
Furniture and Fixtures
·
Computers
Intangible Assets
·
Computers 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.54.65 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.