|
Report Date : |
16.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BALAJI EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, British Indian Street, 5th Floor, R. No. 507,
Kolkata-700069 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.2002 |
|
|
|
|
Com. Reg. No.: |
21-094917 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130WB2002PTC094917 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Coles, Til, Grove, Demag, Marshall Crane
Spares. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 153000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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. The
profitability of the company appears to be low. However, networth seems to be healthy. 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 slight
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 : |
Plot No.1, British Indian Street, 5th Floor, Room No. 507,
Kolkata-700069, India |
|
Tel. No.: |
91-33-22488997 |
|
Fax No.: |
91-33-22489605 |
|
E-Mail : |
DIRECTORS
AS ON 03.08.2012
|
Name : |
Ms. Shanti Bothra |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
519B, Rabindra Sarani, Kolkata-700003, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.08.1957 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.07.2002 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00369811 |
||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prashant Bothra |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
519B, Rabindra Sarani, Kolkata-700003, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.04.1982 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.07.2002 |
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|
Din No.: |
00369947 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Arvind Bothra |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
134/4, Mahatma Gandhi Road, Kolkata, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.09.1979 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2004 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00369861 |
||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Ms. Sheetal Bothra |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
519B, Rabindra Sarani, Kolkata-700003, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.08.1980 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2004 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00369947 |
||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Prashant Bothra |
|
20000 |
|
Rajendra Prasad Bothra |
|
70000 |
|
Ashok Investprs Trust Limited, India |
|
7400 |
|
Desana Impex Limited, India |
|
6000 |
|
Garud Vinimay Private Limited, India |
|
1800 |
|
Madhur Vyapar Private Limited, India |
|
4000 |
|
Majesty Agencies Private Limited, India |
|
3800 |
|
Shagun Business Services Private Limited, India |
|
7000 |
|
Ajitnath Mercantil Private Limited, India |
|
2000 |
|
Mahaveer Commotrade Private Limited, India |
|
3000 |
|
Prestige Goods Private Limited, India |
|
5000 |
|
Sanjoyog Tradelink Private Limited, India |
|
3400 |
|
Surabhi Dealmark Private Limited, India |
|
3000 |
|
Suruchi Tie Up Private Limited, India |
|
3600 |
AS ON 03.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
14.29 |
|
Directors
or relatives of directors |
|
85.71 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Coles, Til, Grove, Demag, Marshall Crane
Spares. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Axis Bank Limited, Corporate Banking Branch, 1, Shakespeare Sarani, 3rd
Floor, Kolkata-700071, West Bengal, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Anchalia and Company Chartered Accountants |
|
Address : |
Subhas Pally, Bolpur, Birbhum-731204, West Bengal, India |
|
Tel. No.: |
91-3463-252114 |
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Mobile No.: |
91-9831126143 |
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E-Mail : |
|
|
PAN No: |
ACNPA7615G |
|
|
|
|
Related Parties : |
·
AMC Services and Engineers Private Limited ·
Premium Mansion Private Limited ·
Ashok Marketing Company |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 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 |
3.500 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
34.938 |
9.873 |
9.574 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.438 |
12.873 |
12.574 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
38.438 |
12.873 |
12.574 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.890 |
0.040 |
0.033 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.063 |
1.063 |
1.712 |
|
|
DEFERREX TAX ASSETS |
0.028 |
0.001 |
0.002 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.983
|
4.726 |
2.437 |
|
|
Sundry Debtors |
19.631
|
7.748 |
6.907 |
|
|
Cash & Bank Balances |
1.060
|
1.018 |
1.233 |
|
|
Other Current Assets |
0.324
|
0.300 |
0.001 |
|
|
Loans & Advances |
8.701
|
1.678 |
0.265 |
|
Total
Current Assets |
37.699
|
15.470 |
10.843 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.358
|
1.643 |
0.000 |
|
|
Other Current Liabilities |
1.884
|
1.975 |
0.001 |
|
|
Provisions |
0.000
|
0.083 |
0.019 |
|
Total
Current Liabilities |
5.242
|
3.701 |
0.020 |
|
|
Net Current Assets |
32.457
|
11.769 |
10.823 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
38.438 |
12.873 |
12.574 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
73.598 |
34.822 |
25.843 |
|
|
|
Other Income |
NA |
0.305 |
0.421 |
|
|
|
TOTAL |
NA |
35.127 |
26.264 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
34.684 |
25.785 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.367 |
0.443 |
0.479 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.535 |
0.008 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.832 |
0.435 |
0.470 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.267 |
0.135 |
0.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.565 |
0.300 |
0.396 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.753 |
0.453 |
0.057 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
1.318 |
0.753 |
0.453 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
5.990 |
6.780 |
15.637 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.78 |
1.00 |
1.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.85 |
1.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13
|
1.25 |
1.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.05
|
2.80 |
4.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.03 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.14
|
0.29 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.19
|
4.17 |
542.15 |
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 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
During the year the company has achieved a
total turnover of Rs.73.598 Millions as compared to Rs.34.822 Millions in the
previous financial year, registering a growth of 111.35% while profit before
tax has been increase from Rs.0.436 Million to Rs.0.832 Million.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U29130WB2002PTC094917 |
|
Name of the
company |
SHREE BALAJI
EQUIPMENTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1, British Indian Street, 5th Floor, R. No. 507,
Kolkata-700069, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] |
|
Particular of
charge holder |
Axis Bank Limited, Corporate Banking Branch, 1, Shakespeare Sarani, 3rd
Floor, Kolkata-700071, West Bengal, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
1. Deed of
Hypothecation of Current Assets (Stock and Book Debts) dated 29.11.2012 2. Sanction
Letter dated 27.11.2012 3. Board
Resolution dated 27.11.2012 |
|
Date of
instrument Creating the charge |
29.11.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC:- Base Rate +
3.75% p.a. with monthly rests. BG Commission:-
As per Bank's standard rate i.e. 1.75% p.a. at present. Terms of Repayment Repayable on
demand. Margin CC:- 25% on paid
Inventories and 30% on Book debts (Cover period upto 90 days). BG:- 15% Cash Margin (100% cash margin in case of
disputed liabilities). Extent and Operation of the charge The charge shall
operate as first charge on all the current assets of the Company. Others Nature of Limit:-
=============== Cash Credit :- Rs. 18.000 Millions Bank Guarantee
(Inland):- Rs. 2.000 Millions Overall
limit :- Rs. 20.000
Millions |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge on the entire current assets viz. stock in trade consisting
stock including raw materials, stock-in-process, semi finished and finished
goods, stores and spares etc. and the entire receivables of the company, both
present and future. Counter Guarantee
of the Company. |
FIXED ASSETS:
·
Computer
·
Furniture
·
Air Conditioner
·
Printer
·
Hand Pallet Truck
·
Motor Car
·
Pal Finger Crane
·
Truck
·
Finger Print Machine
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.54.54 |
|
|
1 |
Rs.87.69 |
|
Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
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 |
|
34 |
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.