MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZIRCON EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2/25, Kirti Nagar (W.H.S.), New Delhi – 110 015 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
07.07.1994 |
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|
|
|
Com. Reg. No.: |
55-060093 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.778
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC060093 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELZ00300G DELZ00257F DELZ00094D |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0075D |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged mainly in
dealing in import and sale of timber logs and sawn timber. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 216000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in profitability during the current year. The external
borrowing of the company is exceeds its networth. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. 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 |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit: A4 |
|
Rating Explanation |
CRISIL has suspended its rating A4 due to lock of information. |
|
Date |
December, 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/ Factory : |
2/25, Kirti Nagar (W.H.S.), New Delhi – 110 015, India |
|
Tel. No.: |
91-11-25423935/ 41420433/ 25457179/ 25439110 |
|
Fax No.: |
91-11-25152865 |
|
E-Mail : |
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|
Website : |
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|
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|
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|
Survey # 79/1, 2, 3 and 80/1, 2 Padana Gandhidham, |
|
Tel. No.: |
91-2836-286247 |
|
Fax No.: |
91-2836-286248 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Sunita Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
17.07.1966 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00201833 |
|
PAN No.: |
AEVPJ1454Q |
|
|
|
|
Name : |
Mrs. Suman Jajodia |
|
Designation : |
Director |
|
Address : |
E-107, Greater Kailash-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
06.10.1970 |
|
Date of Appointment : |
21.12.2005 |
|
DIN No.: |
00201884 |
|
PAN No.: |
ABXPJ0018K |
|
|
|
|
Name : |
Mrs. Anita Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
13.01.1964 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00201811 |
|
PAN No.: |
AEWPJ5744A |
|
|
|
|
Name : |
Mr. Sanjeev Raj Kumar Jajodia |
|
Designation : |
Director |
|
Address : |
E-107, Greater Kailash-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
30.08.1972 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00190630 |
|
PAN No.: |
ADEPJ8234R |
|
|
|
|
Name : |
Mr. Krishna Murari Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
03.06.1964 |
|
Date of Appointment : |
04.01.2009 |
|
DIN No.: |
00201791 |
|
PAN No.: |
AEVPJ1455R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunita Jajodia |
|
294000 |
|
Anita Jajodia |
|
243500 |
|
Sanjeev Kumar Jajodia |
|
350000 |
|
Jugal Kishore Jajodia |
|
500 |
|
Janaksons Import Export Private Limited, |
|
85000 |
|
United White Metal Limited, |
|
210000 |
|
Subhash Taneja |
|
10000 |
|
Jugal Kishore Jajodia HUF |
|
24000 |
|
Raj Kumar Jajodia HUF |
|
35000 |
|
Raj Kumar Jajodia |
|
10000 |
|
Nirmala Devi Jajodia |
|
130000 |
|
Suman Jajodia |
|
20000 |
|
|
|
110000 |
|
Suresh Kumar Jajodia |
|
140000 |
|
Suresh Kumar Jajodia HUF |
|
40000 |
|
Manoj Kumar Jajodia |
|
500 |
|
Tirupati Trade Links Private Limited, |
|
870000 |
|
Chandan Ben Mani Bhai Gala |
|
100 |
|
Chhaya Rajesh Nagada |
|
100 |
|
Rajesh M. Nagada |
|
100 |
|
Total
|
|
2572800 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
45.28 |
|
Directors
or relatives of directors |
|
54.32 |
|
Other
top fifty shareholders |
|
0.40 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged mainly in
dealing in import and sale of timber logs and sawn timber. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
|
Sawn Timber |
N.A. |
20000 (CBM) |
|
Wooden Doors* |
N.A. |
150000 (Nos.) |
|
Wooden Mouldings* |
N.A. |
300000 (Mtrs.) |
Note: *Production commenced w.e.f. 27.03.2007
|
Particulars |
Purchases/
Production |
|
Logs and Sawn Timber |
67992.61 (CBM) |
GENERAL INFORMATION
|
Bankers : |
·
State Bank of Mysore, Antriksh Bhavan, 22 K.G. Marg,
Connaught Place, New Delhi – 110 001, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sanjay Chopra and Company Chartered Accountants |
|
Address : |
G-80, Lajpat Nagar-I, New Delhi – 110 024, India |
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Tel. No.: |
91-11-29818446/ 29817164/ 29815857 |
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Fax No.: |
91-11-29815857 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AARFS3500L |
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Associate Companies
: |
·
Jajodia Trade Invest Private Limited ·
Tirupati Trade Links Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2572800 |
Equity Shares |
Rs.10/- each |
Rs.25.728
millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2382800 |
Equity Shares |
Rs.10/- each |
Rs.23.828
millions |
|
190000 |
Equity Shares (Equity Shares of Rs.10/- each, Paid-up Rs.5/- per share) |
|
Rs.0.950
million |
|
|
Total |
|
Rs.24.778 millions |
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|
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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 |
24.778 |
24.778 |
24.778 |
|
|
2] Share Application Money Pending Allotment |
0.845 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.361 |
26.592 |
19.551 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.984 |
51.370 |
44.329 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.915 |
34.050 |
44.536 |
|
|
2] Unsecured Loans |
68.327 |
67.657 |
57.181 |
|
|
TOTAL BORROWING |
95.242 |
101.707 |
101.717 |
|
|
DEFERRED TAX LIABILITIES |
5.241 |
9.278 |
8.013 |
|
|
|
|
|
|
|
|
TOTAL |
154.467 |
162.355 |
154.059 |
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
91.176 |
86.530 |
89.033 |
|
|
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 |
68.023
|
105.003 |
112.086
|
|
|
Sundry Debtors |
170.222
|
173.583 |
136.651
|
|
|
Cash & Bank Balances |
1.205
|
4.982 |
12.078
|
|
|
Other Current Assets |
23.214
|
20.226 |
0.000
|
|
|
Loans & Advances |
31.626
|
25.392 |
10.043
|
|
Total
Current Assets |
294.290
|
329.186 |
270.858 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
200.757
|
233.459 |
192.861 |
|
|
Other Current Liabilities |
29.323
|
17.771 |
11.486 |
|
|
Provisions |
0.919
|
2.131 |
1.485 |
|
Total
Current Liabilities |
230.999
|
253.361 |
205.832
|
|
|
Net Current Assets |
63.291
|
75.825 |
65.026
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
154.467 |
162.355 |
154.059 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
571.427 |
599.315 |
527.684 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
571.427 |
599.315 |
527.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
549.410 |
568.417 |
498.102 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
549.410 |
568.417 |
498.102 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX, FINANCIAL CHARGES, DEPRECIATION AND AMORTISATION |
22.017 |
30.898 |
29.582 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION,
INTEREST & AMORTISATION |
23.366 |
20.462 |
19.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1.349) |
10.436 |
9.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(3.118) |
3.395 |
3.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.769 |
7.041 |
6.556 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
1.427 |
0.947 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.251 |
|
|
TOTAL EARNINGS |
0.000 |
1.427 |
1.198 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
333.579 |
286.484 |
362.150 |
|
|
|
Capital Goods |
7.272 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
340.851 |
286.484 |
362.150 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.69 |
2.74 |
2.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.31 |
1.17 |
1.24
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.35) |
2.51 |
2.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
0.20 |
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.76 |
1.98 |
2.29
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.30 |
1.32
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loan and Advance
from related parties |
52.015 |
49.628 |
|
Loan and Advance
from Others |
16.312 |
18.029 |
|
Total |
68.327 |
67.657 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74899DL1994PTC060093 |
|
Name of the company |
ZIRCON EXPORTS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
2/25, W.H.S., Kirti Nagar, New Delhi – 110 015, India E-Mail: itr.scc@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable Property (not being pledge) |
|
Particular of charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: |
|
Nature of description of the instrument
creating or modifying the charge |
Agreement for Loan and Guarantee. (Contracts No.: 3429151) |
|
Date of instrument Creating the charge |
05.06.2012 |
|
Amount secured by the charge |
Rs.0.660 million |
|
Brief particulars of the principal terms and
conditions and extent and operation of the charge |
Rate of Interest: Interest @ 12.50% p.a. Terms of Repayment: The Loan is repayable in 35 EMIs of
Rs.0.023 million starting from 1st July, 2012 ending on 1st
May, 2015. Margin: As may be stipulated by bank from time to
time. Extent and Operation of the charge: The Company hypothecates to and charges in
favour of the Bank by way of first and exclusive charge of the Vehicle/
equipment as security for the repayment/payment by the company of the loan
granted or to be granted to the company by the Bank together with all fees,
interest, costs and expenses incurred/to be incurred by the Bank and all
other monies payable or to become payable by the company to the Bank. Others: The Bank shall be absolutely entitled and
have full power and authority to sell, assign or transfer in any manner, in
whole or in part, and in such manner and on such terms as the Bank may
decide, including reserving a right to the Bank to retain its power to proceed
against the company on behalf of the purchaser, assignee or transferee, any
or all outstanding dues of the company, to any third party of the Bank's
choice without reference to or without written intimation to the company. |
|
Short particulars of the property charged |
Hypothecation of Equipments namely : 180
KVA SILENT DG SET (Year of Manufacture: 2012) |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
33 |
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.