1. Summary Information
|
|
|
Country |
India |
|
Company Name |
DIBYAJYOTI MINES
AND INFRASTRUCTURE PRIVATE LIMITED |
Principal Name 1 |
Mr. Pradeep Kumar Routray |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Meena Kumari Rout |
|
|
|
Registration # |
15-007830 |
|
Street Address |
Sai Prasad
Enclave, Flat No-202, Plot No-33, Nuasahi, Palasuni, Rasulgarh Khordha Bhubaneswar
751010,
Orissa,
India |
||
|
Established Date |
18.10.2004. |
SIC Code |
-- |
|
Telephone# |
91-674-2470291 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-674-2470011 |
Business Style 2 |
Exporter |
|
Homepage |
Not Available |
Product Name 1 |
Iron ore |
|
# of employees |
Not Available |
Product Name 2 |
Granites |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors- 100% |
|
|
|
Public Limited Corp. |
NO |
Business Period |
8 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
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 |
52,012,000 |
Current Liabilities |
64,719,000 |
|
Inventories |
000 |
Long-term Liabilities |
76,158,000 |
|
Fixed Assets |
102,526,000 |
Other Liabilities |
6,800,000 |
|
Deferred Assets |
000 |
Total Liabilities |
147,677,000 |
|
Invest& other Assets |
6,438,000 |
Retained Earnings |
13,019,000 |
|
|
|
Net Worth |
13,299,000 |
|
Total Assets |
160,976,000 |
Total Liab. & Equity |
160,976,000 |
|
Total Assets (Previous Year) |
92,887,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
102,257,000 |
Net Profit |
4,973,000 |
|
Sales(Previous yr) |
83,355,000 |
Net Profit(Prev.yr) |
3,900,000 |
|
Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIBYAJYOTI MINES AND INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sai Prasad Enclave, Flat No-202, Plot No-33, Nuasahi, Palasuni,
Rasulgarh Khordha , Bhubaneswar - 751010, Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.10.2004. |
|
|
|
|
Com. Reg. No.: |
15-007830 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100OR2004PTC007830 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BBND00854A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD0816G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Iron ore and Granites. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 53000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct 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.
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 : |
Sai Prasad Enclave, Flat No-202, Plot No-33, Nuasahi, Palasuni,
Rasulgarh Khordha, Bhubaneswar - 751010, Orissa, India |
|
Tel. No.: |
91-674-2470291 |
|
Fax No.: |
91-674-2470011 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Pradeep Kumar Routray |
|
Designation : |
Managing Director |
|
Address : |
140/B, Khandagiri Kolathia, Chidananda Vihar, Bhubaneshwar – 751 030, |
|
Date of Birth/Age : |
26.05.1968 |
|
Date of Appointment : |
18.10.2004 |
|
DIN No.: |
02046294 |
|
|
|
|
Name : |
Ms. Meena Kumari Rout |
|
Designation : |
Director |
|
Address : |
B/L 92, VSS Nagar, BBSR, Bhubaneshwar – 751 007, Orissa, India |
|
Date of Birth/Age : |
30.09.1961 |
|
Date of Appointment : |
18.10.2004 |
|
DIN No.: |
02695179 |
MAJOR SHAREHOLDERS
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ms. Meena Kumari Rout |
|
5000 |
|
Mr. Pradeep Kumar Routray |
|
5000 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Iron ore and
Granites. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
ICICI Bank |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
---- |
|
|
|
|
Financial Institution: |
·
SREI Equipment Finance Private Limited ,
'Vishwakarma', 86c, Topsia Road,, Kolkata - 700046, West Bengal, India ·
Sri
Ram Transport Finance Company Limited |
|
|
|
|
Auditors : |
|
|
Name : |
SRB and Associates Chartered Accountants |
|
Address : |
5th Floor, |
|
Tel. No.: |
91-674-2541043/ 2545880 |
|
Fax No.: |
91-674-2546414 |
|
E-Mail : |
|
|
PAN No.: |
AAXFS6281Q |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.180 |
0.180 |
0.180 |
|
|
3] Reserves & Surplus |
13.019 |
8.073 |
4.173 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.299 |
8.353 |
4.453 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
74.793 |
24.960 |
10.434 |
|
|
2] Unsecured Loans |
1.365 |
1.365 |
1.365 |
|
|
TOTAL BORROWING |
76.158 |
26.325 |
11.799 |
|
|
DEFERRED TAX LIABILITIES |
1.352 |
0.396 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
90.809 |
35.074 |
16.266 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
102.526 |
42.360 |
16.884 |
|
|
Capital work-in-progress |
1.500 |
3.716 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.938 |
1.158 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000
|
|
|
Sundry Debtors |
33.213
|
35.329 |
31.603
|
|
|
Cash & Bank Balances |
1.244
|
0.576 |
4.316
|
|
|
Other Current Assets |
9.738
|
9.748 |
3.631
|
|
|
Loans & Advances |
7.817
|
0.000 |
1.698
|
|
Total
Current Assets |
52.012
|
45.653 |
41.248 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.038
|
42.902 |
17.273
|
|
|
Other Current Liabilities |
11.681
|
6.896 |
7.321
|
|
|
Provisions |
5.448
|
8.015 |
17.278
|
|
Total
Current Liabilities |
70.167
|
57.813 |
41.872 |
|
|
Net Current Assets |
(18.155)
|
(12.160) |
(0.624)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
90.809 |
35.074 |
16.266 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
102.257 |
83.355 |
61.106 |
|
|
|
Other Income |
0.081 |
0.061 |
0.057 |
|
|
|
TOTAL (A) |
102.338 |
83.416 |
61.163 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operative Activity Expenditure |
73.554 |
68.787 |
51.601 |
|
|
|
Administrative & Other Expenses |
1.875 |
0.957 |
1.484 |
|
|
|
TOTAL (B) |
75.429 |
69.744 |
53.085 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.909 |
13.672 |
8.078 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.861 |
4.091 |
1.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.048 |
9.581 |
6.174 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.754 |
3.781 |
3.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.294 |
5.800 |
2.635 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.321 |
1.900 |
0.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
4.973 |
3.900 |
1.678 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.973 |
3.900 |
1.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
497.300 |
390.000 |
167.800 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.86
|
4.67 |
2.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.13
|
6.96 |
4.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.72
|
6.58 |
4.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55
|
0.70 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.00
|
10.07 |
12.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.74
|
0.79 |
0.98 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
No |
|
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U13100OR2004PTC007830 |
|
Name of the
company |
DIBYAJYOTI MINES
AND INFRASTRUCTURE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot no.- 12,
Park Linenear Jagannath Temple, khandagiri Bhubaneswar - 751030 Orissa India |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
SREI Equipment Finance
Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata- 700046 , West Bengal, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation.(LBD021) |
|
Date of
instrument Creating the charge |
15.03.2011 |
|
Amount secured by
the charge |
Rs. 18.653
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 16% per annum. Terms of Repayment Amount repayable
in 35 No. monthly installments of Rs.0.670 Millions each Margin Rs.0.800 Millions Extent and Operation of the charge As per Deed of
Hypothecation. Others |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
·
1 No.
Rock Breaker.(Within India). ·
4 No.
Volvo EC 290 Excavator.(Within India). |
PERFORMANCE DURING
THE YEAR
The company has achieved a turnover of Rs. 102.257 millions during the
year. The turnover during the year has increased by Rs. 18.841 millions
(22.58%)
FUTURE PROSPECTS:
The Company is expecting good number of work orders in future years. The
Company has taken all necessary steps to ensure the timely execution of all
future contracts
FIXED ASSETS:
·
Tata-Hitachi-210
·
Tata-Hitachi-60
·
L and T KomastuPc-300
·
Tata Tippers
·
Endeavour-Frod
·
Volvo-460
·
Hyva 3 nos.
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.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.