|
Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALCO COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rahimtoola House, 3rd Floor, 7, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.04.1944 |
|
|
|
|
Com. Reg. No.: |
11-004164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.948 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U66010MH1944PTC004164 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA19811B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA1031G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in trading in Building Materials,
Thermoformed Products and Fiberglass Moulded Items. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5122000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Financial position
of the company appears to be sound. Trade relations are fair. Business is
active. Payments are reported to be regular 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
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.
INFORMATION DENIED
Management Non-Co-operative. (Tel No. 91-22-22661888)
LOCATIONS
|
Registered Office : |
Rahimtoola House, 3rd Floor, 7, |
|
Tel. No.: |
91-22-22661888 |
|
Fax No.: |
91-22-22661017 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 27.08.2012
|
Name : |
Mr. Adamji Yasyabhai Jasdanwalla |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
403, Cumballa Crest, 42, |
|
Date of Birth/Age : |
14.03.1926 |
|
Date of Appointment : |
26.06.1986 |
|
Din No.: |
00726740 |
|
Election Commission Identity No.: |
MT/4/024/234878 |
|
|
|
|
Name : |
Mr. Ishtiyaq Inayatali Nagree |
|
Designation : |
Joint Managing Director |
|
Address : |
Noonbaker Apartments, 28, |
|
Date of Birth/Age : |
10.06.1961 |
|
Date of Appointment : |
23.01.1998 |
|
Din No.: |
00726915 |
|
|
|
|
Name : |
Mr. Arshad Adamji Jasdanwalla |
|
Designation : |
Non Executive Director |
|
Address : |
403, Cumballa Crest, 42, |
|
Date of Birth/Age : |
26.06.1970 |
|
Date of Appointment : |
30.04.1998 |
|
Din No.: |
00102713 |
|
|
|
|
Name : |
Mr. Mohammed Ali Nooruddin |
|
Designation : |
Director |
|
Address : |
38, CCI Chambers, |
|
Date of Birth/Age : |
20.09.1930 |
|
Date of Appointment : |
01.07.2000 |
|
Din No.: |
01258323 |
|
|
|
|
Name : |
Faaeza Adamji Jasdanwalla |
|
Designation : |
Executive Director |
|
Address : |
403, Cumballa Crest, 42, |
|
Date of Birth/Age : |
14.01.1973 |
|
Date of Appointment : |
17.08.2010 |
|
Din No.: |
03138574 |
|
|
|
|
Name : |
Mr. Mehmood Sidishah Mohammed Khan |
|
Designation : |
Non Executive Director |
|
Address : |
Rashmi, |
|
Date of Birth/Age : |
15.03.1952 |
|
Date of Appointment : |
05.08.1985 |
|
Din No.: |
02405007 |
|
|
|
|
Name : |
Mr. Inayatali Caderbhai Nagree |
|
Designation : |
Executive Director |
|
Address : |
1-1 Noon Baker Apartment, |
|
Date of Birth/Age : |
01.06.1923 |
|
Date of Appointment : |
16.09.2002 |
|
Din No.: |
02412335 |
KEY EXECUTIVES
|
Name : |
Mr. Damkewala |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
As on 27.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Adamji Yasyabhai Jasdanwalla |
|
1888 |
|
Arshad Adamji Jasdanwalla |
|
4203 |
|
Faaeza Adamji Jasdanwalla |
|
2100 |
|
Fatma Adamji Jasdanwalla |
|
663 |
|
Farhat Nooruddin |
|
10 |
|
Shabbier Esufally Motiwala |
|
10 |
|
Inayatali Caderbhai Nagree |
|
300 |
|
Khairoon Inayatali Nagree |
|
80 |
|
Lombards private Limited, |
|
215 |
|
Ishtiyafq Inayatali Nagree |
|
5 |
|
Mohammed Ali Nooruddin |
|
1 |
|
|
|
|
|
Total |
|
9475 |
Equity Share Break up (Percentage of Total Equity)
As on 27.08.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
66.63 |
|
Bodies corporate |
2.27 |
|
Directors or relatives of Directors |
31.00 |
|
Other top fifty shareholders |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in trading in Building Materials,
Thermoformed Products and Fiberglass Moulded Items. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
· The Hongkong and Shanghai Banking Corporation Limited ·
Bank of · Axis Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Varawala and Arif Chartered Accountants |
|
Address : |
Rahimtoola House, 3rd Floor, 7, |
|
PAN No.: |
AAAFV1767F |
|
|
|
|
Subsidiary Company: |
Legion Corporation |
|
|
|
|
Entity Controlled by Director: |
Lombards Private Limited |
CAPITAL STRUCTURE
As on 27.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.100 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9475 |
Equity Shares |
Rs. 100/- each |
Rs. 0.948 Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.948 |
0.948 |
|
(b) Reserves & Surplus |
|
1279.669 |
1195.921 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1280.617 |
1196.869 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
3.479 |
3.227 |
|
(c) Other current
liabilities |
|
1.071 |
1.868 |
|
(d) Short-term provisions |
|
63.867 |
15.815 |
|
Total Current Liabilities (4) |
|
68.417 |
20.910 |
|
|
|
|
|
|
TOTAL |
|
1349.034 |
1217.779 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
121.485 |
4.657 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1068.343 |
1041.015 |
|
(c) Deferred tax assets (net) |
|
1.688 |
1.598 |
|
(d) Long-term Loan and Advances |
|
6.739 |
1.187 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1198.255 |
1048.457 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
96.684 |
130.406 |
|
(b) Inventories |
|
1.344 |
13.797 |
|
(c) Trade receivables |
|
35.246 |
9.575 |
|
(d) Cash and cash equivalents |
|
16.644 |
14.816 |
|
(e) Short-term loans and
advances |
|
0.666 |
0.713 |
|
(f) Other current assets |
|
0.195 |
0.015 |
|
Total Current Assets |
|
150.779 |
169.322 |
|
|
|
|
|
|
TOTAL |
|
1349.034 |
1217.779 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.948 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1030.366 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1031.314 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1031.314 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.275 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
953.050 |
|
|
DEFERRED TAX ASSETS |
|
|
1.272 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.715 |
|
|
Sundry Debtors |
|
|
5.213 |
|
|
Cash & Bank Balances |
|
|
13.683 |
|
|
Other Current Assets |
|
|
3.454 |
|
|
Loans & Advances |
|
|
110.482 |
|
Total
Current Assets |
|
|
139.547 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
5.890 |
|
|
Other Current Liabilities |
|
|
0.407 |
|
|
Provisions |
|
|
58.533 |
|
Total
Current Liabilities |
|
|
64.830 |
|
|
Net Current Assets |
|
|
74.717 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1031.314 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
38.150 |
13.261 |
|
|
|
Other Income |
NA |
NA |
138.950 |
|
|
|
Profit/ Loss on |
NA |
NA |
5.027 |
|
|
|
TOTAL |
NA |
NA |
157.238 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
19.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
137.544 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
0.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
197.669 |
174.990 |
136.867 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.801 |
(0.313) |
0.869 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
193.868 |
175.303 |
135.998 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
975.588 |
831.297 |
765.512 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
47.375 |
0.000 |
0.000 |
|
|
|
Proposed Final Dividend |
47.375 |
9.475 |
47.375 |
|
|
|
Dividend Distribution Tax |
15.371 |
1.537 |
7.838 |
|
|
|
Transfer to General Reserve |
20.000 |
20.000 |
15.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1039.335 |
975.588 |
831.297 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Trading Goods |
0.025 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.025 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
20461 |
18502 |
13707 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
86.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
458.69
|
1032.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
125.49
|
390.94
|
96.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.15
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20
|
8.09
|
2.15 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
No |
|
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 |
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
FINANCIAL RESULTS:
As anticipated revenue from operation has gone up Rs. 38.179 Millions to
Rs. 71.081 Millions and every effort is being made to increase it
progressively. Revenue during the period also includes figures of the company’s
merged subsidiary viz. Chevron Glassfibre Reinforcements Private Limited.
Profit before tax has increased from Rs. 174.990 Millions to Rs. 197.669
and profit after tax has also increased from Rs. 175.303 Millions to Rs. 193.868
Millions.
FIXED ASSETS:
·
Furniture and Fixtures
·
Computers
·
Office Equipments
·
Dies and Tools
·
·
Moulds
·
Vehicles
·
Land
·
Electrical
Installation
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. 63.46 |
|
|
1 |
Rs. 99.42 |
|
Euro |
1 |
Rs. 85.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
57 |
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.