1. Summary Information
|
Country |
India |
||
|
Company Name |
RAHUL ELECTRONIC PRIVATE LIMITED |
Principal Name 1 |
Mrs. Bhavna Manohar Mulchandani |
|
Status |
Moderate |
Principal Name 2 |
Mr. Manubhai Kishanchand Mulchandani |
|
Registration # |
11-107150 |
||
|
Street Address |
D-2, Kumud Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra |
||
|
Established Date |
09.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-28724369 |
Business Style 1 |
Trader |
|
Fax # |
91-22-28724369 |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Electronic Home Appliances |
|
# of employees |
Not Available |
Product Name 2 |
Components Systems |
|
Paid up capital |
Rs. 10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
-- |
Rahul Appliances Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
48,387,000 |
Current Liabilities |
34,098,000 |
|
Inventories |
69,800,000 |
Long-term Liabilities |
101,671,000 |
|
Fixed Assets |
32,616,000 |
Other Liabilities |
710,000 |
|
Deferred Assets |
2,161,000 |
Total Liabilities |
136,479,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
6,485,000 |
|
|
|
Net Worth |
16,485,000 |
|
Total Assets |
152,964,000 |
Total Liab. & Equity |
152,964,000 |
|
Total Assets (Previous Year) |
130,894,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
386,817,000 |
Net Profit |
590,000 |
|
Sales(Previous yr) |
357,068,000 |
Net Profit(Prev.yr) |
88,000 |
MIRA INFORM REPORT
|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAHUL ELECTRONIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-2, Kumud Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107150 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32100MH1997PTC107150 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR11186A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders of all types of Electronic Home Appliances, Components Systems
etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 65900 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be very low. The company has also recorded
huge external borrowings. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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 |
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 : |
D-2, Kumud Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28723612/ 28778640 |
|
Mobile No.: |
91-8691000505 [Mr. Patel] |
|
Fax No.: |
91-22-28724369 |
|
E-Mail : |
|
|
|
|
|
Godown : |
1st Floor, Skypark Building, Deshmukh Park, Near Ajit Glass, Oshiwara,
Goregaon [West], Mumbai – 400062, Maharashtra, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mrs. Bhavna Manohar Mulchandani |
|
Designation : |
Director |
|
Address : |
Flat No. 21, Alamona
Building, 2nd Floor, 13th Road, Behind Telephone Exchange, Khar (West),
Mumbai - 400052, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1962 |
|
Date of Appointment : |
09.04.2007 |
|
DIN No.: |
01032022 |
|
|
|
|
Name : |
Mr. Manubhai Kishanchand Mulchandani |
|
Designation : |
Director |
|
Address : |
Flat No. 21,
Plot No. 626, Ala Moana Premises Co - Operative Housing Society, 13th Road,
Khar (West), Mumbai - 400052, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1965 |
|
Date of Appointment : |
09.04.2007 |
|
DIN No.: |
01129432 |
KEY EXECUTIVES
|
Name : |
Mr. Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Manohar K. Mulchandani |
|
251000 |
|
Bhavana M. Mulchandani |
|
305000 |
|
Manohar Mulchandani HUF |
|
195600 |
|
Jitendra Kishkani |
|
173000 |
|
Roopa Kishkani |
|
75400 |
|
|
|
|
|
Total |
|
1000000 |
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 : |
Trader of all types of Electronic Home Appliances, Components Systems etc.
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Ø Union Bank of
India, Oshiwara Branch, Saraf Kaskar Industrial Estate, S. V. Road, Oshiwara,
Jogeshwari (West), Mumbai - 400102, Maharashtra, India Ø Standard Chartered
Bank, Standard Chartered Tower, 201, B/1, Western Express Highway, Goregaon
(East), Mumbai - 400063, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Bajaj Finance Limited,
Akurdi Pune, Mumbai Pune Road, Pune - 411035, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal and Chhajed Chartered Accountants |
|
Address : |
1307, Navjivan Commercial Premises, Lamington Road, Mumbai – 400008,
Maharashtra, India |
|
Tel. No.: |
91-22-23060473/ 23060474/ 29658540 |
|
Mobile No.: |
91-9820067829/ 9324908661 |
|
Fax No.: |
91-22-23060473 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFA5707M |
|
|
|
|
Enterprises over which Key Management Personnel have significant
influence : |
Rahul Appliances Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- 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 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.485 |
5.895 |
10.807 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.485 |
15.895 |
15.807 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
98.927 |
99.751 |
77.652 |
|
|
2] Unsecured Loans |
2.744 |
0.679 |
0.769 |
|
|
TOTAL BORROWING |
101.671 |
100.430 |
78.421 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
118.156 |
116.325 |
94.228 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.616 |
32.934 |
34.664 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.006 |
|
|
DEFERRED TAX ASSETS |
2.161 |
2.332 |
2.957 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
69.800
|
46.845 |
39.219 |
|
|
Sundry Debtors |
7.761
|
5.593 |
4.169 |
|
|
Cash & Bank Balances |
7.714
|
13.017 |
1.811 |
|
|
Other Current Assets |
0.395
|
0.069 |
24.029 |
|
|
Loans & Advances |
32.517
|
30.104 |
0.000 |
|
Total
Current Assets |
118.187
|
95.628 |
69.228 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.487
|
5.093 |
11.246 |
|
|
Other Current Liabilities |
20.611
|
9.023 |
1.046 |
|
|
Provisions |
0.710
|
0.453 |
0.335 |
|
Total
Current Liabilities |
34.808
|
14.569 |
12.627 |
|
|
Net Current Assets |
83.379
|
81.059 |
56.601 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
118.156 |
116.325 |
94.228 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
386.817 |
357.068 |
296.924 |
|
|
|
Other Income |
2.185 |
2.481 |
10.713 |
|
|
|
TOTAL (A) |
389.002 |
359.549 |
307.637 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
372.050 |
335.178 |
|
|
|
|
Changes in inventories of finished goods, work in progress and
stock-in-trade |
(22.955) |
(7.626) |
|
|
|
|
Employee benefit Expenses |
9.001 |
6.261 |
|
|
|
|
Other Expenses |
12.934 |
10.796 |
|
|
|
|
TOTAL (B) |
371.030 |
344.609 |
294.199 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.972 |
14.940 |
13.438 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.376 |
11.679 |
9.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.596 |
3.261 |
3.998 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.413 |
2.545 |
2.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.183 |
0.716 |
1.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.593 |
0.628 |
0.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.590 |
0.088 |
1.256 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.59 |
0.15 |
2.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.15
|
0.02 |
0.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.31
|
0.20 |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.78
|
0.56 |
1.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
6.17
|
6.32 |
4.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.40
|
6.56 |
5.48 |
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] |
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and Advance from Related Parties |
2.744 |
0.679 |
|
Total |
2.744 |
0.679 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32100MH1997PTC107150 |
|
Name of the
company |
RAHUL ELECTRONIC
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-2, Kumud Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra, India Email: forsayforyou@yahoo.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge
holder |
Bajaj Finance Limited, Akurdi Pune, Mumbai Pune Road, Pune - 411035,
Maharashtra, India Email: anant.damle@bajajfinserv.in
CIN No.: L65910MH1987PLC042961 |
|
Nature of
description of the instrument creating or modifying the charge |
Loan Against
Property Agreement. |
|
Date of
instrument Creating the charge |
28.02.2013 |
|
Amount secured by
the charge |
Rs. 25.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 12.25% p.a Terms of Repayment Equated Monthly
installment of Rs. 0.559 Million for Rs.60 Months. Margin NIL Extent and Operation of the charge First & exclusive
charge by way of Mortgage on Immovable property of the Company in favour of
Bajaj Finance Limited as security for
repayment of financial facilities granted by Bajaj finance Limited to the
Borrowers. |
|
Short particulars
of the property charged |
Flat No.D-3,
Ground Floor, D-Kumud Nagar CHSL, Plot No D, Kumud Nagar, Swami Vivekanand
Road, Goregaon (West), Mumbai, 400062, owned by Rahul Electronics Private
Limited Shop No 3, 4, 5,
6, Ground Floor, The Matru Ashish Chsl, Cts No 1160, Chhatrapati Shivaji
Road, Dahisar Village, Dahisar-E, Mumbai - 400068, owned by Rahul Electronics
Private Limited |
Contingent
Liabilities: Rs. 1.537 Millions
FIXED ASSETS:
Ø Buildings
Ø Vehicles
Ø Furniture and
Fixture
Ø Office Equipment
Ø Air Conditioner
Ø Fax Machine
Ø Computers
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. 54.03 |
|
|
1 |
Rs. 82.43 |
|
Euro |
1 |
Rs. 70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.