1. Summary Information
|
Country |
India |
||
|
Company Name |
ELKAY TELELINKS LIMITED |
Principal Name 1 |
Mr. Mahender Garg |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Brij Mohan |
|
Registration # |
55-025530 |
||
|
Street Address |
K C House, 5/ 66 Padam Singh Road, Karol Bagh, New Delhi - 110005 |
||
|
Established Date |
22.09.1986 |
SIC Code |
-- |
|
Telephone# |
91-11-25716150 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-25752073 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Telecom Cables |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 45,472,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100% |
Banking |
State Bank of
Patiala |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Group
Company |
India
|
Elkay Technology Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
203,577,000 |
Current Liabilities |
89,499,000 |
|
Inventories |
116,540,000 |
Long-term Liabilities |
119,565,000 |
|
Fixed Assets |
65,948,000 |
Other Liabilities |
9,092,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
218,156,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
118,787,000 |
|
|
|
Net Worth |
167,909,000 |
|
Total Assets |
386,065,000 |
Total Liab. & Equity |
386,065,000 |
|
Total Assets (Previous Year) |
338,632,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
513,700,000 |
Net Profit |
7,240,000 |
|
Sales(Previous yr) |
407,026,000 |
Net Profit(Prev.yr) |
4,653,000 |
MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELKAY TELELINKS LIMITED |
|
|
|
|
Registered
Office : |
K C House, 5/ 66 Padam Singh Road, Karol Bagh, New Delhi - 110005 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.09.1986 |
|
|
|
|
Com. Reg. No.: |
55-025530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.472
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101DL1986PLC025530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE03121G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE0562E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Telecom Cables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 672000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limit : (ICRA) BB |
|
Rating Explanation |
Having moderate risk of default regarding timely
servicing of financial obligation. |
|
Date |
June 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 : |
K C House, 5/ 66 Padam Singh Road, Karol Bagh, New Delhi – 110005,
India |
|
Tel. No.: |
91-11-25716150 |
|
Fax No.: |
91-11-25752073 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 141, Sector - 24, Faridabad - 121005, Haryana, India |
|
Tel. No.: |
91-129-4182700 |
|
Fax No.: |
91-129-4182777 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Mahender Garg |
|
Designation : |
Managing director |
|
Address : |
H No. 1226, Sector – 15, Faridabad - 121007, Haryana, India |
|
Date of Birth/Age : |
15.09.1958 |
|
Date of Appointment : |
24.10.1986 |
|
DIN No.: |
00612509 |
|
|
|
|
Name : |
Mr. Brij Mohan |
|
Designation : |
Additional director |
|
Address : |
House No. 1187, Sector – 15, Faridabad - 121007, Haryana, India |
|
Date of Birth/Age : |
01.10.1953 |
|
Date of Appointment : |
19.05.2008 |
|
DIN No.: |
00489817 |
|
|
|
|
Name : |
Mr. Kartik Garg |
|
Designation : |
Director |
|
Address : |
H No. 1226, Sector – 15, Faridabad - 121007, Haryana, India |
|
Date of Appointment : |
17.10.2011 |
|
DIN No.: |
03176020 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
NOT AVAILABLE
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Telecom Cables. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of
Patiala, Mid Corporate Branch, Shubham Complex, Neelam Bata Road, NIT,
Faridabad - 121002, Haryana, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sensons Chartered Accountants |
|
Address : |
House No. 667, Sector 28, Faridabad – 121006, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFS6389K |
|
|
|
|
Group Company: |
Elkay Technology Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
454,720 |
Equity Shares |
Rs. 100/- each |
Rs. 45.472
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 |
45.472 |
45.472 |
45.472 |
|
|
2] Share Application Money |
3.650 |
3.889 |
7.627 |
|
|
3] Reserves & Surplus |
118.787 |
111.547 |
106.895 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
167.909 |
160.908 |
159.994 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
|
81.640 |
62.583 |
|
|
2] Unsecured Loans |
|
11.769 |
7.295 |
|
|
TOTAL BORROWING |
119.565 |
93.409 |
69.878 |
|
|
DEFERRED TAX LIABILITIES |
0.653 |
1.244 |
1.701 |
|
|
|
|
|
|
|
|
TOTAL |
288.127 |
255.561 |
231.573 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
65.948 |
67.688 |
45.603 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
116.540
|
101.202 |
88.210 |
|
|
Sundry Debtors |
143.680
|
127.507 |
101.781 |
|
|
Cash & Bank Balances |
11.872
|
12.952 |
6.397 |
|
|
Other Current Assets |
31.307
|
17.270 |
0.000 |
|
|
Loans & Advances |
16.718
|
12.013 |
32.473 |
|
Total
Current Assets |
320.117
|
270.944 |
228.861 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
76.503
|
66.753 |
27.610 |
|
|
Other Current Liabilities |
12.996
|
10.136 |
15.281 |
|
|
Provisions |
8.439
|
6.182 |
0.000 |
|
Total
Current Liabilities |
97.938
|
83.071 |
42.891 |
|
|
Net Current Assets |
222.179
|
187.873 |
185.970 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
288.127 |
255.561 |
231.573 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
513.700 |
407.026 |
475.620 |
|
|
|
Other Income |
7.017 |
1.553 |
6.069 |
|
|
|
TOTAL (A) |
520.717 |
408.579 |
481.689 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
430.341 |
348.952 |
|
|
|
|
Trading purchase |
0.000 |
0.612 |
|
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
(15.745) |
(19.876) |
|
|
|
|
Employee benefit Expenses |
28.626 |
23.147 |
|
|
|
|
Other Expenses |
44.001 |
31.267 |
|
|
|
|
TOTAL (B) |
487.223 |
384.102 |
456.333 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
33.494 |
24.477 |
25.356 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.892 |
10.226 |
5.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.602 |
14.251 |
19.830 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.009 |
6.000 |
5.641 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.593 |
8.251 |
14.189 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.353 |
3.598 |
4.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.240 |
4.653 |
9.618 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
105.188 |
100.535 |
90.917 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
112.428 |
105.188 |
100.535 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
N.A. |
38.496 |
15.783 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.92 |
10.23 |
21.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.39
|
1.14 |
2.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.26
|
2.03 |
2.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.00
|
2.44 |
5.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.71
|
0.58 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.27
|
3.26 |
5.34 |
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 |
No |
|
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 |
U31101DL1986PLC025530 |
|
Name of the
company |
ELKAY TELELINKS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
K C House, 5/ 66 Padam Singh Road, Karol Bagh, New Delhi – 110005,
India Email: corporatelaw21@yahoo.co.in
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10376280 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
State Bank of Patiala,
Mid Corporate Branch, Shubham Complex, Neelam Bata Road, NIT, Faridabad -
121002, Haryana, India Email: sbpcbfbd@yahoo.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
No instrument was
executed. Letter evidencing redeposit of title deeds. |
|
Date of
instrument Creating the charge |
30.08.2012 |
|
Amount secured by
the charge |
Rs. 235.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit @
3.25% above base rate present Effective Rate 13.75% P.A. (Floating) SLC @ 4.25% above
base rate present effective rate 14.75% P.A. (Floating) Terms of Repayment Payable on
demand. Margin Stocks - 25% Book Debts/
Receivables (cover 90 days) - 35% LC / BG - 10% Extent and Operation of the charge Extent &
Operation - 100% Others The above is to
secure the following :- (Rs. in Millions) Cash Credit = 95.000 EPC/FBD (sublimit
with CC) = (10.000) SLC = 15.000 LC
= 75.000 BG =
50.000 |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over all present and future current assets
and movable fixed assets of the company stored or to be stored at company's godowns
or premises or wherever else the same may be. |
|
Particulars of
the present modification |
Credit facilities
of Rs. 235.000 Millions shall now adlly. Be secured by first charge by eq.
Mortgage over co's imm. Property i.e. Land and building at Village Ranhera
Khera Opposite Plot No. 84, Sector-25,
Ballabhgarh, Faridabad and land and building at Village Ranhera Khera,
Opposite Plot No. 84, Sector-25,
Ballabhgarh, Faridabad vide lease deed dated 2.4.99 regd. Vide doc.
No.26, bahi no.1 together with all building and structures thereon or to be
thereon and all p/machinery installed therein or to be therein. |
FIXED ASSETS:
Ø
Land
Ø
Office Building
Ø
Plant and Machinery
Ø
Generator
Ø
Weighing Scale
Ø
Lab and Testing Equipments
Ø
Furniture and Fixtures
Ø
Vehicles
Ø
Cycle
Ø
Office Equipments
Ø
Type Writer
Ø
Computer
Ø
Compressor
Ø
Factory Buildings
Ø
Mobile Phone
Ø
Water Cooler
Ø
Refrigerator
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 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.