1. Summary Information
|
Country |
India |
||
|
Company Name |
GOOD LEATHER
SHOES PRIVATE LIMITED |
Principal Name 1 |
Mr. K. R. Vijayan |
|
Status |
Moderate |
Principal Name 2 |
Mr. K. R. Babu |
|
Registration # |
18-28398 |
||
|
Street Address |
No.
47, |
||
|
Established Date |
24.08.1994 |
SIC Code |
-- |
|
Telephone# |
91-44-25368090/
25365955/ 25380512/ 25611255/ 25611090 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-25380512/
25610512 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Shoe Upeers |
|
|
# of employees |
175 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
109,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors = 100.00% |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
19 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
143,232,000 |
Current Liabilities |
62,069,000 |
|
Inventories |
122,666,000 |
Long-term Liabilities |
2,18,690,000 |
|
Fixed Assets |
107,961,000 |
Other Liabilities |
8,854,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
289,613,000 |
|
Invest& other Assets |
89,632,000 |
Retained Earnings |
64,878,000 |
|
|
|
Net Worth |
173,878,000 |
|
Total Assets |
463,491,000 |
Total Liab. & Equity |
463,491,000 |
|
Total Assets (Previous Year) |
397,982,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA INFORM REPORT
|
|
|
|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOOD LEATHER SHOES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 47, Thiruvengadam Street, Periamet, Chennai - 600 003,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.08.1994 |
|
|
|
|
Com. Reg. No.: |
18-28398 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 109.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19201TN1994PTC028398 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEG05011G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Shoe Uppers. |
|
|
|
|
No. of Employees
: |
175 (Approximately) (20 in office, 5 in Branch and 150 in Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 690000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financials i.e. 2011-12 are missing from the government department. From the
previous year record it seems that there appears some dip in the profit
during 2011. However, financial position of the company is improving. Trade
relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealing 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit = A3 |
|
Rating Explanation |
Moderate degree of safety it carry higher
credit risk. |
|
Date |
22.10.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BBB- |
|
Rating Explanation |
Moderate degree of safety and it carry
moderate credit risk |
|
Date |
22.10.2012 |
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 / Administrative Office : |
No. 47, |
|
Tel. No.: |
91-44-25368090/ 25365955/ 25380512/ 25611255/ 25611090 |
|
Fax No.: |
91-44-25380512/ 25610512 |
|
E-Mail : |
goodleather@goodleathergroup.com goodler@md4.vsnl.net.in goodleather@yahoo.com |
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Factory 1 : |
49, Goparasanallur, Puliampedu, Noombal Post, Chennai –
600077, |
|
Tel. No.: |
91-44-25380512/26272759/26496310 |
|
|
|
|
Factory 2 : |
158, |
|
Tel. No.: |
91-44-22412727 |
|
Fax No.: |
91-44-25380512 |
|
|
|
|
Factory 3 : |
702/6, M. B. T. Road Cross, Rainpet, |
|
|
|
|
Factory 4 : |
41/3 A, Vayalur Road, Thodukadu Village, Thiruvallur, |
|
Tel. No.: |
91-44-27658215 / 44-27658216 |
|
Fax No.: |
|
|
|
|
|
Factory.5: |
136, Arakkonam Road, Namchivayapuram Village, Thodukadu, P.O Thiruvallur, Tamilnadu, India |
|
Tel. No.: |
91-44-27658427 / 44-27658574 |
|
|
|
|
Factory .6: |
79/62, Anna Salai, Nageikeni, Chrompet, Chennai – 600044, Tamilnadu, |
|
Tel. No.: |
91-44-22483824 / 44-22483834 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kethini Ramaswamy Babu |
|
Designation : |
Managing Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
16.03.1969 |
|
Date of Appointment : |
24.08.1994 |
|
DIN No: |
00590116 |
|
|
|
|
Name : |
Mr. Kamma Ramasamy Vijayan |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
01.06.1953 |
|
Date of Appointment : |
24.08.1994 |
|
DIN No: |
01750645 |
|
|
|
|
Name : |
Mr. K. Govinda Raju |
|
Designation : |
Director |
|
Address : |
34, Second East
Main Road, Gandhinagar, |
|
Date of Birth/Age : |
01.07.1946 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. K. R. Munikannan |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
28.05.1970 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. R. Perumal |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
22.03.1962 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. R. Sekaran |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
28.05.1960 |
|
Date of Appointment : |
24.08.1994 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
K. R. Vijayan |
|
278000 |
|
K. R. Babu |
|
162400 |
|
R. Sekaran |
|
162400 |
|
R. Perjmal |
|
162400 |
|
K. R. Munikannan |
|
162400 |
|
K. Govinda Raju |
|
162400 |
|
Total |
|
1090000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Shoe Uppers. |
GENERAL INFORMATION
|
No. of Employees : |
175 (Approximately) (20 in office, 5 in Branch and 150 in Factory) |
|||||||||||||||||||||
|
|
|
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|
Bankers : |
|
|||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. V. Chandramouli and Company Chartered Accountant |
|
Address : |
36, Thennamaram Street, Vellore – 632001, Tamilnadu, India
|
|
PAN No: |
AAGPD2167H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.100/- Each |
Rs.110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1090000 |
Equity Shares |
Rs.100/- Each |
Rs.109.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
109.000 |
109.000 |
19.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
64.878 |
35.845 |
59.698 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
173.878 |
144.845 |
79.448 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
218.690 |
194.203 |
132.657 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
218.690 |
194.203 |
132.657 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
392.568 |
339.048 |
212.105 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
107.961 |
116.618 |
108.415 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
89.632 |
96.855 |
21.740 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.666
|
67.886
|
41.543 |
|
|
Sundry Debtors |
98.796
|
83.192
|
59.379 |
|
|
Cash & Bank Balances |
14.283
|
15.866
|
15.688 |
|
|
Other Current Assets |
20.897
|
12.387
|
15.532 |
|
|
Loans & Advances |
9.256
|
5.177
|
4.983 |
|
Total
Current Assets |
265.898
|
184.508
|
137.125
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
62.069
|
52.394
|
049.599 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
8.854
|
6.539
|
5.576 |
|
Total
Current Liabilities |
70.923
|
58.933
|
55.175
|
|
|
Net Current Assets |
194.975
|
125.575
|
81.950 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
392.568 |
339.048 |
212.105 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
63.809 |
66.571 |
48.318 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.348 |
14.608 |
11.056 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.461 |
51.963 |
37.262 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.427 |
16.566 |
14.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.034 |
35.397 |
22.833 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
753.381 |
743.980 |
625.636 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
149.680 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.76
|
11.75 |
4.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.24 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.26
|
1.34 |
1.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.75
|
3.13 |
2.49 |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U19201TN1994PTC028398
|
|
Name of the
company |
GOOD LEATHER
SHOES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 47, |
|
This form is for |
Creation of charge |
|
Type of charge |
Corporate
Guarantee To Good Leather Company |
|
Particular of charge
holder |
State Bank of India, Commercial Branch, 1st Floor, Palar Towers, Walajapet – 632513, Tamilnadu, India |
|
Nature of
instrument creating charge |
Guarantee Agreement
Dated 20/08/2011 |
|
Date of
instrument Creating the charge |
20.08.2011 |
|
Amount secured by
the charge |
Rs.101.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per agreement Terms of Repayment Working Capital under SBI EGC scheme is
valid for three years from date of sanction. Margin As per agreement Extent and Operation of the charge Corporate
Guarantee |
|
Short particulars
of the property charged |
Corporate
Guarantee facility guaranteed to Good Leather Company |
Fixed Assets:
· Land
· Building
· Furniture and Fixtures
· File Pack
· Wall Fans
· Vacuum Cleaner
· Interior Décor
· Machinery
· Conveyor Dub
· Bus
· EPBX
· Stabilizer
· Air-conditioner
· Power Equipments
· Fax/ Copier
· Fire Extinguisher
· TVS 50
· Generator
· Ficher Van
· Electrical Installations
· Computer and Accessories
· 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.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.