1. Summary Information
|
|
|
Country |
India |
|
Company Name |
BANGLORE
POLYCOTTERS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sudhir Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Mamta Agarwal |
|
|
|
Registration # |
210435 |
|
Street Address |
1410,
1st Floor, Faiz Ganj, Azad Market, Delhi – 110006 |
||
|
Established Date |
16.03.2007 |
SIC Code |
-- |
|
Telephone# |
Not
Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not
Available |
Business Style 2 |
Plastic Coating |
|
Homepage |
-- |
Product Name 1 |
Laminations |
|
# of employees |
Not
Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,100,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 89.55% Directors or relatives of Directors - 10.45% |
Banking |
State
Bank of Travancore |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
110,243,000 |
Current Liabilities |
90,629,000 |
|
Inventories |
38,693,000 |
Long-term Liabilities |
62,465,000 |
|
Fixed Assets |
11,692,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
153,094,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
6,434,000 |
|
|
|
Net Worth |
7,534,000 |
|
Total Assets |
160,628,000 |
Total Liab. & Equity |
160,628,000 |
|
Total Assets (Previous Year) |
48,070,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
323,25,000 |
Net Profit |
1,869,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
1,184,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
BANGLORE POLYCOTTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1410, 1st Floor, Faiz Ganj, Azad Market, Delhi – 110006 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
16.03.2007 |
|
|
|
|
Com. Reg. No.: |
55-160625 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17122DL2007PTC160625 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plastic Coating and Laminations |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 30000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
appears huge external borrowing which impact the liquidity position of the
company. 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) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country’s growth, which has averaged more than 7% per
year since 1997. India’s diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India’s output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis – in large part because of strong domestic demand – and growth
exceeded 8% year-on-year in real terms. However, India’s economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government’s fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
1410, 1st Floor, Faiz Ganj, Azad Market, Delhi
– 110006, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-982998595 / 9829088203 (Mr. Sudhir Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office / Factory : |
B, 202, Road No 9, Vki Area, Jaipur – 302013, Rajasthan, India |
|
Tel. No. (Factory): |
91-141-4036549 |
|
Tel. No. (Office): |
91-141-2331203 |
|
Fax No.: |
91-141-4036549 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sudhir Agarwal |
|
Designation : |
Director |
|
Address : |
6/77, Vidhyadhar Nagar, Jaipur – 302020, Rajasthan, India |
|
Date of Birth/Age : |
28.05.1977 |
|
Date of Appointment : |
24.08.2011 |
|
DIN No.: |
03437134 |
|
|
|
|
Name : |
Mrs. Mamta Agarwal |
|
Designation : |
Director |
|
Address : |
6/77, Vidhyadhar Nagar, Jaipur – 302020, Rajasthan, India |
|
Date of Birth/Age : |
07.07.1977 |
|
Date of Appointment : |
24.08.2011 |
|
DIN No.: |
03624109 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Deen Dayal Saraf |
|
5000 |
|
Shanti Lal Agrawal |
|
5000 |
|
Dew Ploymers Private Limited, India |
|
50000 |
|
Saraf Fintrade Private Limited, India |
|
48500 |
|
Sudhir Agrawal |
|
750 |
|
Mamta Agrawal |
|
750 |
|
Total |
|
110000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
89.55 |
|
Directors or relatives of Directors |
10.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Coating and Laminations |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of Travancore, Ashok Marg, C-Scheme, Jaipur - 302201, Rajasthan, India ·
HDFC Bank Limited ·
IDBI Banl Limited ·
Punjab National Bank ·
State Bank of India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manish Borad and Company Chartered Accountants |
|
Address : |
208, Saaogi Mansion, M. I Road, Jaipur – 302001, Rajasthan, India |
|
Tel. No.: |
91-141-2576199 |
|
Mobile No.: |
91-9828061559 / 9829068558 |
|
E-Mail : |
|
|
PAN.: |
ABVPB3454H |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000 |
Equity Shares |
Rs.10/- each |
Rs.1.100
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 |
1.100 |
1.100 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.434 |
5.077 |
0.152 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.534 |
6.177 |
1.252 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
36.472 |
0.476 |
0.000 |
|
|
2] Unsecured Loans |
25.993 |
11.700 |
8.000 |
|
|
TOTAL BORROWING |
62.465 |
12.176 |
8.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Others (Share Premium) |
0.000 |
0.000 |
4.000 |
|
|
|
|
|
|
|
|
TOTAL |
69.999 |
18.353 |
13.252 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.692 |
6.828 |
7.048 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.009 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.693
|
16.914 |
10.800 |
|
|
Sundry Debtors |
104.403
|
22.543 |
5.185 |
|
|
Cash & Bank Balances |
4.044
|
0.334 |
10.267 |
|
|
Other Current Assets |
0.009
|
0.009 |
0.322 |
|
|
Loans & Advances |
1.787
|
1.496 |
1.221 |
|
Total
Current Assets |
148.936
|
41.296 |
27.795 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
88.573
|
28.962 |
21.262 |
|
|
Other Current Liabilities |
2.056
|
0.809 |
0.359 |
|
|
Provisions |
0.000
|
0.000 |
0.011 |
|
Total
Current Liabilities |
90.629
|
29.771 |
21.632 |
|
|
Net Current Assets |
58.307
|
11.525 |
6.163 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.032 |
|
|
|
|
|
|
|
|
TOTAL |
69.999 |
18.353 |
13.252 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
323.253 |
NA |
26.689 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
323.253 |
NA |
26.689 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
321.384 |
NA |
26.543 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
321.384 |
NA |
26.543 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.869 |
1.184 |
0.146 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.869 |
1.184 |
0.146 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.99 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.58
|
NA |
0.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.16
|
2.46 |
0.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.19 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
8.29
|
1.97 |
6.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.39 |
1.28 |
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 two 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 |
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 |
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 |
FINANCIAL RESULTS
The Profit and Loss Account of the company shows a Net Profit amounting to Rs. 1.869 Millions [before taxes]
GENERAL REVIEW
The company’s performance was not satisfactory during the year. The company could not achieve its turnover as well it could not achieve its target of Net Profit. The Directors are hopeful that the company shall be able to achieve its target of Net Profit in the year to come. The future of the company seems to be bright.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Northstar Vanijay Limited |
10.986 |
10.422 |
|
APS Petrochem Private Limited |
10.307 |
0.000 |
|
Tortoise Real Estate |
4.700 |
0.000 |
|
Short Term
Borrowing |
|
|
|
IDBI |
0.000 |
1.278 |
|
Total |
25.993 |
11.700 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U17122DL2007PTC160625 |
|
Name of the
company |
BANGLORE
POLYCOTTERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1410, 1st Floor, Faiz Ganj, Azad Market, Delhi – 110006, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property ·
Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of Travancore, Ashok Marg, C-Scheme, Jaipur - 302201, Rajasthan, India |
|
Nature of
instrument creating charge |
Term Loan
agreement of high value advances, Deed of
Hypothecation of Term Loan Deed of Guarantee
for Term Loan Sanction Letter |
|
Date of
instrument Creating the charge |
06.07.2012 |
|
Amount secured by
the charge |
Rs.4.200 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 4.00% above SBT
Base Rate effective rate is 14.50% p. a. on monthly rests. Terms of Repayment Repay in 60 equal
monthly installments of Rs. 70000/- each, the first installment be paid on
the date of January, 2013 (after 6 months moratorium period) and subsequent
on or before the same day of each month thereafter and interest accrued shall
be paid on the respective due dates. Margin 34% Extent and Operation of the charge Term Loan
facility of Rs. 4.200 Millions. Others Project details:
for purchase of machinery at cost Rs. 6.183 Millions with tenor of 5 years 6
months including moratorium period of 6 months. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Charge on fixed assets of the company present and future, which includes assets purchased or created out of bank finance. Hypothecation of all the borrower's movables (save and except book debts and current assets) including movable machinery, machinery, spares, tools and accessories present and future. Collateral Security: Residential Building at 3/285, Sector -3, Vidyadhar Nagar, Jaipur in the name of Mrs. Kiran Agarwal. |
FIXED ASSETS
· Plant and Machinery
· Equipments
· Vehicles
· Computer
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 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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.