MIRA INFORM REPORT
|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIQUE AUTORUBBER UDYOG PRIVATE LIMITED [w.e.f. 06.05.2008] |
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Formerly Known
As : |
UNIQUE AUTORUBBER AND FILTER PARTS PRIVATE LIMITED |
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Registered
Office : |
E – 985, 100 Feet Road, Shahdara, Delhi – 110032 |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
12.08.2005 |
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Com. Reg. No.: |
55-139634 |
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Capital
Investment / Paid-up Capital : |
Rs.5.323 Millions |
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CIN No.: [Company Identification
No.] |
U34300DL2005PTC139634 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Rubber Parts. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110000 |
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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.
Profitability of the company appears to be low. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Devender Bisria |
|
Designation : |
Export Manager |
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Contact No.: |
91-9212551488 |
|
Date : |
03.07.2013 |
LOCATIONS
|
Registered Office : |
E – 985, |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9212551488 [Mr. Devender] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
25000 sq. ft. |
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Location : |
Owned |
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Factory : |
Plot No.18, Sector - 25, |
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Tel. No.: |
91-129-4060624/ 4060625/ 4060626 |
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Fax No.: |
91-129-4060628 |
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Area : |
50000 sq. yard |
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Location : |
Owned |
DIRECTORS
As on 27.08.2012
|
Name : |
Mr. Ravinder Garg |
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Designation : |
Director |
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Address : |
Plot No.117, Sector – 9, |
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Date of Birth/Age : |
08.07.1960 |
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Date of Appointment : |
12.08.2005 |
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DIN No.: |
00354608 |
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Other
Directorship:
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Name : |
Mr. Shalender Garg |
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Designation : |
Director |
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Address : |
House No. 529, Sector – 14, |
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Date of Birth/Age : |
05.08.1961 |
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Date of Appointment : |
12.08.2005 |
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DIN No.: |
00066103 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Devender Bisria |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ravinder Garg |
|
215150 |
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Shalender Garg |
|
115900 |
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S.K. Garg [HUF] |
|
5000 |
|
Gayatri Garg |
|
38100 |
|
Sangeeta Garg |
|
38100 |
|
SRP Buildcon Private Limited, India |
|
20000 |
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CMT Real Estate Private Limited, India |
|
100000 |
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|
|
|
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Total |
|
532250 |
As on 31.03.2013
|
Names of Allottee |
|
No. of Shares |
|
Shalender Garg |
|
54545 |
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Total |
|
54545 |
Equity Share Break up (Percentage of Total Equity)
As on 27.08.2012
|
Category |
Percentage |
|
Bodies corporate |
22.55 |
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Directors or relatives of Directors |
77.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber Parts. |
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Products : |
· Air Filter Rubber Parts · Oil Filter Rubber Parts · Fuel Filter Rubber Parts · Industrial Rubber Parts · Electrical Rubber Parts ·
Metal to Bonded Parts (use in Automobile Filters),
etc. |
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Exports : |
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Products : |
Rubber Parts |
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Countries : |
·
·
·
·
·
·
·
Oman, etc |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
·
Oriental Bank of Commerce, Mohna Road,
Ballabgarh, Faridabad – 121003, Haryana, India ·
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Khem Shiv and Associates Chartered Accountant |
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Address : |
103/ Adarsh Nagar, Ballabgarh – 121004, |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFK0633N |
CAPITAL STRUCTURE
After 27.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
586795 |
Equity Shares |
Rs.10/- each |
Rs. 5.868
Millions |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
532250 |
Equity Shares |
Rs.10/- each |
Rs. 5.323
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
|
5.323 |
2.853 |
|
(b) Reserves & Surplus |
|
22.564 |
11.205 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
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|
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|
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(2) Share Application money pending
allotment |
|
0.000 |
5.750 |
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Total
Shareholders’ Funds (1) + (2) |
|
27.887 |
19.808 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
|
13.470 |
9.471 |
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(b) Deferred tax liabilities (Net) |
|
0.721 |
0.785 |
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(c) Other long term
liabilities |
|
0.000 |
0.000 |
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(d) long-term
provisions |
|
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
|
14.191 |
10.256 |
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(4)
Current Liabilities |
|
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(a) Short
term borrowings |
|
44.885 |
35.443 |
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(b) Trade
payables |
|
51.134 |
44.433 |
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(c) Other
current liabilities |
|
3.765 |
4.437 |
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(d) Short-term
provisions |
|
0.490 |
0.502 |
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Total Current
Liabilities (4) |
|
100.274 |
84.815 |
|
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TOTAL |
|
142.352 |
114.879 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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|
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(i)
Tangible assets |
|
25.163 |
24.236 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
9.955 |
6.228 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.942 |
0.516 |
|
(e) Other
Non-current assets |
|
0.049 |
0.086 |
|
Total Non-Current
Assets |
|
36.109 |
31.066 |
|
|
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(2)
Current assets |
|
|
|
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(a)
Current investments |
|
0.000 |
0.000 |
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(b)
Inventories |
|
30.263 |
15.809 |
|
(c) Trade
receivables |
|
74.305 |
65.001 |
|
(d) Cash
and cash equivalents |
|
0.266 |
0.408 |
|
(e)
Short-term loans and advances |
|
1.332 |
2.531 |
|
(f) Other
current assets |
|
0.077 |
0.064 |
|
Total
Current Assets |
|
106.243 |
83.813 |
|
|
|
|
|
|
TOTAL |
|
142.352 |
114.879 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.853 |
|
|
2] Share Application Money |
|
|
1.250 |
|
|
3] Reserves & Surplus |
|
|
9.497 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
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NETWORTH |
|
|
13.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
27.151 |
|
|
2] Unsecured Loans |
|
|
3.252 |
|
|
TOTAL BORROWING |
|
|
30.403 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.153 |
|
|
|
|
|
|
|
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TOTAL |
|
|
44.156 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
13.986 |
|
|
Capital work-in-progress |
|
|
0.000
|
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.282 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000
|
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
12.436
|
|
|
Sundry Debtors |
|
|
48.973
|
|
|
Cash & Bank Balances |
|
|
0.443
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.947
|
|
Total
Current Assets |
|
|
64.799
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
33.958
|
|
|
Other Current Liabilities |
|
|
0.663
|
|
|
Provisions |
|
|
0.413
|
|
Total
Current Liabilities |
|
|
35.034
|
|
|
Net Current Assets |
|
|
29.765
|
|
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
|
|
0.123 |
|
|
|
|
|
|
|
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TOTAL |
|
|
44.156 |
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PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
238.526 |
224.328 |
163.645 |
|
|
|
Other Income |
0.352 |
0.231 |
0.008 |
|
|
|
TOTAL (A) |
238.878 |
224.559 |
163.653 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
173.731 |
164.237 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
(8.164) |
(6.603) |
|
|
|
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Employee benefit expense |
11.670 |
10.786 |
|
|
|
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Other expenses |
48.699 |
46.156 |
|
|
|
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TOTAL (B) |
225.936 |
214.576 |
156.713 |
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.942 |
9.983 |
6.940 |
|
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
6.758 |
4.141 |
3.107 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.184 |
5.842 |
3.833 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.279 |
3.131 |
2.030 |
|
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|
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|
|
|
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PROFIT BEFORE
TAX (E-F) (G) |
1.905 |
2.711 |
1.803 |
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|
|
|
|
|
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|
Less |
TAX (H) |
0.426 |
1.135 |
0.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.479 |
1.576 |
1.236 |
|
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|
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|
|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on F.O.B. basis; |
2.310 |
4.945 |
6.434 |
|
|
|
|
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|
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IMPORTS |
|
|
|
|
|
|
Raw Material |
7.155 |
11.677 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.78 |
5.53 |
4.33 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
Expected Sales (2013-2014): Rs.350.000 Millions
The above information has been parted by Mr. Devender Bisria (Export
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.62
|
0.70 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.80
|
1.21 |
1.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.44
|
2.50 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.09
|
2.27 |
2.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
4.23 |
1.85 |
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
OPERATING RESULTS
During the year the company registered total Profit of Rs.1.479
Millions.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and
advances from related parties |
|
|
|
BTL investment and Security Limited |
5.229 |
0.00 |
|
Sh. R.K. Garg HUF |
2.504 |
2.389 |
|
Other loans and
advance (specify nature) |
0.000 |
0.000 |
|
Sh. Krishan Chand |
0.554 |
0.554 |
|
Sh. Naresh Goyal |
0.277 |
0.277 |
|
|
|
|
|
Total |
8.564 |
3.220 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U34300DL2005PTC139634 |
|
Name of the
company |
UNIQUE AUTORUBBER
UDYOG PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
E-985, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
|
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
CIN: U34300DL2005PTC139634 Oriental Bank of Commerce, Mohna Road, Ballabgarh, Faridabad –
121003, Haryana, India Email: cakkminocha@gmail.com
|
|
Nature of
instrument creating charge |
Agreement of Term
Loan Dt. 30.03.2013. |
|
Date of
instrument Creating the charge |
30.03.2013 |
|
Amount secured by
the charge |
Rs.1.200 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest:
@ 0.60% over Base Rate with minimum @ 10.85% p.a on monthly rests subject to
change linked with Base Rate/ RBI Guidelines. Penal Rate of
Interest:@ 2% over and above the Normal Rate. Terms of
Repayment Repayable in 60
EMI's of Rs. 0.026 Millions each w.e.f April 30, 2013 and till the loan is
adjusted in full. Margin Margin: 20% Extent and
Operation of the charge Hypothecation of
New Car- Volkswagen Jetta Comfortline Disel costing Rs. 1.680 Millions. Others 2ONE |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
New Car- Volkswagen Jetta Comfortline Disel costing Rs. 1.680 Millions. |
FIXED ASSETS
Tangible Assets
- Plant and
Equipment
- Office
equipment
- Electrical
installation
- Air
conditioner
- Tools and
dies
- Water cooler
- Weighing
scale
- Generator
- Mobile
- Photostat
machine
- Furniture and
Fixtures
- 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 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.60.09 |
|
|
1 |
Rs.91.58 |
|
Euro |
1 |
Rs.78.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.