MIRA
INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANUJA HEALTHCARE LIMITED (w.e.f.04.05.2009) |
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|
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|
Formerly Known
As : |
ANUJA IMPEX PRIVATE LIMITED |
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Registered
Office : |
# 228, 2nd Floor, Shivalik Enclave, NAC Manimajra, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
17.03.1997 |
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Com. Reg. No.: |
53-019585 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.916
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U51909CH1997PLC019585 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RRKA02413F |
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PAN No.: [Permanent Account No.] |
AACCA5374L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading and Manufacturing of Bulk Drugs and Solvents. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 121000 |
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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 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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIC – CRISIL Rating : SE2B |
|
Rating Explanation |
High performance capability and moderate
financial strength |
|
Date |
Not Mentioned |
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 : |
# 228, 2nd Floor, Shivalik Enclave, NAC Manimajra,
Chandigarh – 160101, India |
|
Tel. No.: |
91-1762-280753/ 754 |
|
Fax No.: |
91-1762-284723 |
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E-Mail : |
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|
Website : |
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Head Office/ Factory ; |
C-26 and C-36, Industrial Focal Point, Derabassi, P.O. Mubarikpur,
District Mohali – 140507, Punjab,
India |
|
Tel. No.: |
91-1762-645723 |
|
Fax No.: |
91-1762-284723 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Kimat Rai Jain |
|
Designation : |
Managing director |
|
Address : |
Kothi No. 782, Sector-8, Panchkula - 134109, Haryana, India |
|
Date of Birth/Age : |
01.04.1967 |
|
Date of Appointment : |
19.04.1997 |
|
DIN No.: |
00466614 |
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Name : |
Mrs. Anuradha Goyal |
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Designation : |
Director |
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Address : |
House No. 782, Sector 8, Panchkula - 134109, Haryana, India |
|
Date of Birth/Age : |
27.05.1971 |
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Date of Appointment : |
20.06.2006 |
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DIN No.: |
02405268 |
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Name : |
Mrs. Pushpa Goyal |
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Designation : |
Additional director |
|
Address : |
H. No. 2123, Sector 27-C, Chandigarh – 160027, India |
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Date of Birth/Age : |
15.11.1941 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02615371 |
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|
|
|
Name : |
Mr. Sukhesh Chander |
|
Designation : |
Director |
|
Address : |
H. No. 967 A, Sector 12-A, Panchkula – 134115, Haryana, India |
|
Date of Appointment : |
01.06.2012 |
|
DIN No.: |
05293550 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kimat Rai Jain |
|
441710 |
|
Anuradha Goyal |
|
216200 |
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Pushpa Goyal |
|
8900 |
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Mohan Lal |
|
7100 |
|
Kewal Krishna |
|
8000 |
|
Devki Rani |
|
8000 |
|
Raghunath |
|
1600 |
|
Satish patel |
|
10 |
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Harinder Singh |
|
10 |
|
Vipan Dwani |
|
10 |
|
Tejas M. Shah |
|
10 |
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Ravi Garg |
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10 |
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Total |
|
691560 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Manufacturing of Bulk Drugs and Solvents. |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
31.03.2012 |
|
Installed Capacity |
Kgs. |
2525000 |
|
Actual Production |
Kgs. |
2037455 |
GENERAL INFORMATION
|
Suppliers : |
Ø A S Bearing
Company Ø ACV Systems
Limited Ø Aggarwal
Corporation Limited Ø Allied Sales
Corporation Ø Annu Bros.
Private Limited Ø Balaji Steel Ø Deepak Enterprises Ø Chem. Oil
Industries Ø Durga Traders Ø GS Trading
Company Ø Ganganagar
Electric Company Ø HPG Systems Ø Jalan Sales
Corporation Ø Khanna Transport
Services Ø Mahadev Steel |
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Customers : |
Ø Alkali Metals
Limited Ø Alliance Biotech Ø Aurobindo Pharma
Limited Ø Central Drug
House Ø Chem Fine Ø Concept
Pharmaceuticals Limited Ø Dhanuka Lab
Limited Ø Dipali
Enterprises Private Limited Ø Dove Chemicals
Limited Ø Global Pharma Ø Health Biotech
Limited Ø Medi Pharma Drug
House Ø RK Trading Ø SK Enterprises Ø Unimark Remedies
Limited |
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No. of Employees : |
Not Available |
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Bankers : |
Ø HDFC Bank
Limited Ø State Bank of
Patiala, Grain Market, Sector-26, Chandigarh – 160026, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Bansal Satish and Associates Chartered Accountants |
|
Address : |
SCO 47, IInd Floor, Sector 20-C, Chandigarh – 160020, India |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAPPB4840E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.500 Millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
691,560 |
Equity Shares |
Rs. 10/- each |
Rs. 6.916
Millions |
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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 |
6.916 |
6.916 |
6.916 |
|
|
2] Share Application Money |
1.262 |
1.018 |
1.018 |
|
|
3] Reserves & Surplus |
22.167 |
19.965 |
16.731 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
30.345 |
27.899 |
24.665 |
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|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
76.983 |
54.566 |
49.911 |
|
|
2] Unsecured Loans |
1.853 |
3.573 |
3.573 |
|
|
TOTAL BORROWING |
78.836 |
58.139 |
53.484 |
|
|
DEFERRED TAX LIABILITIES |
0.696 |
0.748 |
0.760 |
|
|
|
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|
|
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TOTAL |
109.877 |
86.786 |
78.909 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
51.515 |
47.350 |
46.794 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
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INVESTMENT |
0.592 |
0.592 |
0.087 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
39.360
|
31.126 |
24.967
|
|
|
Sundry Debtors |
23.836
|
23.444 |
25.134
|
|
|
Cash & Bank Balances |
9.079
|
3.694 |
3.697
|
|
|
Other Current Assets |
0.265
|
3.307 |
0.000
|
|
|
Loans & Advances |
5.776
|
3.536 |
2.602
|
|
Total
Current Assets |
78.316
|
65.107 |
56.400 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.655
|
22.665 |
21.993 |
|
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Other Current Liabilities |
2.310
|
2.089 |
1.427 |
|
|
Provisions |
1.581
|
1.509 |
0.952 |
|
Total
Current Liabilities |
20.546
|
26.263 |
24.372 |
|
|
Net Current Assets |
57.770
|
38.844 |
32.028 |
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
109.877 |
86.786 |
78.909 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
147.796 |
138.637 |
95.161 |
|
|
|
Other Income |
3.026 |
1.442 |
13.550 |
|
|
|
TOTAL (A) |
150.822 |
140.079 |
108.711 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
85.137 |
84.957 |
|
|
|
|
Purchase of stock-in-trade |
22.775 |
29.344 |
|
|
|
|
Changes in inventories |
(1.373) |
(10.724) |
|
|
|
|
Employee benefit Expenses |
8.835 |
6.659 |
|
|
|
|
Other Expenses |
16.794 |
13.472 |
|
|
|
|
TOTAL (B) |
132.168 |
123.708 |
95.920 |
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.654 |
16.371 |
12.791 |
|
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|
|
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
8.486 |
6.904 |
5.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.168 |
9.467 |
7.780 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.101 |
4.698 |
4.507 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.067 |
4.769 |
3.273 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.528 |
1.498 |
1.022 |
|
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|
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|
PROFIT AFTER TAX
(G-H) (I) |
3.539 |
3.271 |
2.251 |
|
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|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.506 |
4.583 |
2.964 |
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
48.419 |
30.359 |
18.537 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.12 |
4.73 |
3.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.35
|
2.34 |
2.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.43
|
3.44 |
3.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.90
|
4.24 |
3.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.17 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.60
|
2.08 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.81
|
2.48 |
2.31 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
Note:
The registered office of the company has been shifted from SCO 857, 1st Floor,
Nac Manimajra, Chandigarh – 160002, India to the present w.e.f.24.01.2013
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and Advance from Related Parties |
|
|
|
From Shareholders |
1.853 |
3.573 |
|
Total |
1.853 |
3.573 |
FINANCIAL RESULTS:
During the year, the Company has earned a Net Profit after taxation of
Rs. 3.539 Millions as compared to the Last year’s Net Profit after taxation of Rs.
3.271 Millions. The Company operates in a regulatory framework and has been
able to increase the revenue of the Company. The Management is committed to
take the Company to new heights.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U51909CH1997PLC019585 |
|
Name of the
company |
ANUJA HEALTHCARE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
SCO 857, 1st Floor, Nac Manimajra, Chandigarh – 160002, India Email: vickyvishal@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10316671 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of Patiala, Grain Market, Sector-26, Chandigarh – 160026, India Email: vickyvishal@rediffmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Sanction Letter Letter of
Arrangement Agreement of
Loan-Cum-Hypothecation |
|
Date of
instrument Creating the charge |
10.01.2012 |
|
Amount secured by
the charge |
Rs. 98.600
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest WC&TL:
interest at the rate of 6.25% margin above the BR of the bank which is
presently 10.5%pa, present effective rate16.75%pa calculated on daily
products at monthly rests. Terms of Repayment WC: Repayable on
demand. The Facility which has been sanctioned on 28.09.11 is available for
12m months from that date, subject to review every months. TL: Repayable in
41 monthly installments of Rs. 0.438 Million each, with the first installment
commencing on Nov2011 and the last installment falling due on 03/2015. Margin FB: RM:imported-25% RM:Indigenour-25% SFG:25% FG:25% Components/Consumables/spares:25% Domestic
Receivables:30% NFB-30.000
Millions :20%,NFB-15.000 Millions :30% Extent and Operation of the charge 100% |
|
Short particulars
of the property charged |
Primary Security:
First charge on fixed assets created out of bank finance and all other fixed
assets of the company. First Charge on
entire current assets of the company both present and future. Collateral
Security: 1. EM of factory
land and buildings of industrial Plot No.C-26,Industrial Focal Point at Dera Bassi measuring
3750 sq yds in the name of the company. 2. EM of factory
land and building of Industrial Plot No. C-31, Industrial Focal Point at Dera
Bassi measuring 3750 sq yds Registered in the name of the company. 3. First Charge
on the entire current assets of the Company. First Charge on
entire fixed assets of the company |
|
Particulars of
the present modification |
The Company has
been sanctioned an adhoc one time FLC Limit of Rs. 15.000 Millions thereby
increasing the amount of total facilities sanctioned to Rs. 98.600 Millions. |
FIXED ASSETS:
Ø Air Condition
Ø Car
Ø Computer
Ø Electrical
Equipments
Ø Factory Building
Ø Fax Machines
Ø Furniture and
Fixtures
Ø Generator Set
Ø Lab Equipments
Ø Land
Ø Mobile Phone
Ø Office Equipments
Ø Pinter
Ø Plant and
Machinery
Ø Pump
Ø Scooter
Ø Photostate
Machine
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. 54.88 |
|
|
1 |
Rs. 83.54 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.