MIRA INFORM REPORT
|
Report Date : |
10.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROHAN HOUSING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 8 and 9, 813, Pradeep Chambers, Bhandarkar Institute Road,
Pune – 411004, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-129908 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200PN2007PTC129908 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction/ Project Activities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2120000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a established company having a good track record. There
appears drastic fall in its sales and profitability during 2012. However, financial strength of the company seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
LOCATIONS
|
Registered Office : |
Office No. 8 and 9, 813, Pradeep Chambers, Bhandarkar Institute Road,
Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-41404140 |
|
Fax No.: |
91-20-41404150 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Suhas Khushalchand Lunkad |
|
Designation : |
Director |
|
Address : |
FL-1002, B-Building, Modibaug, Ganeshkhind Road, Pune – 411016,
Maharashtra, India |
|
Date of Birth/Age : |
16.07.1958 |
|
Date of Appointment : |
03.04.2007 |
|
DIN No.: |
00469822 |
|
|
|
|
Name : |
Mr. Bharat Suvalal Desdala |
|
Designation : |
Director |
|
Address : |
Bharati Niwas, S. No. 108/38, Erandwane, Near Income Tax Lane. Pune –
411004, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Date of Appointment : |
03.04.2007 |
|
DIN No.: |
00470305 |
|
|
|
|
Name : |
Mr. Milind Khushalchand Lunkad |
|
Designation : |
Director |
|
Address : |
Fl-701, F-Building, Modibaug,
Ganeshkhind Road, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
07.02.1965 |
|
Date of Appointment : |
03.04.2007 |
|
PAN No.: |
AAFPL1472Q |
|
DIN No.: |
00470372 |
|
|
|
|
Name : |
Mr. Sanjay Khushalchand Lunkad |
|
Designation : |
Director |
|
Address : |
Plot No. 8 and 9, S. No. 54/1, Cozy Retreat, Sindh Co-Operative
Housing Society, Aundh, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1961 |
|
Date of Appointment : |
03.04.2007 |
|
DIN No.: |
00470139 |
|
|
|
|
Name : |
Mr. Deepak Kachardas Bhatewara |
|
Designation : |
Director |
|
Address : |
B 604, Rohan Tapovan, Bhamburda Shivaji Nagar, Pune – 411016,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
03.04.2007 |
|
PAN No.: |
AASPB3580G |
|
DIN No.: |
00470229 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Suvalal Desdala |
|
50000 |
|
Milind Khushalchand Lunkad |
|
50000 |
|
Sanjay Khushalchand Lunkad |
|
50000 |
|
Rohan Builders and Developers Private Limited, India |
|
700000 |
|
Suhas Khushalchand Lunkad |
|
50000 |
|
Khushalchand Fakirchand Lunkad |
|
50000 |
|
Deepak Kachardas Bhatewara |
|
50000 |
|
|
|
|
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
70.00 |
|
Directors or relatives of directors |
|
30.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction/ Project Activities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MZSK and Associates Chartered Accountants |
|
Address : |
Level 3, Business Bay, Plot No. 84, Wellesley Road, Near RTO (Sangam
Bridge), Pune – 411001, Maharashtra, India |
|
PAN No.: |
AACFK3470E |
|
|
|
|
Holding Company : |
Rohan Builders and Developers Private Limited |
|
|
|
|
Joint Venture : |
Rohan and Atul Enterprises |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
522.410 |
507.049 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
532.410 |
517.049 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.960 |
36.895 |
|
(b) Deferred tax liabilities (Net) |
|
29.517 |
36.601 |
|
(c) Other long term liabilities |
|
48.790 |
60.088 |
|
(d) long-term provisions |
|
4.580 |
4.343 |
|
Total Non-current
Liabilities (3) |
|
83.847 |
137.927 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
499.227 |
339.058 |
|
(b) Trade payables |
|
34.714 |
49.518 |
|
(c) Other current liabilities |
|
159.023 |
82.209 |
|
(d) Short-term provisions |
|
0.956 |
12.485 |
|
Total Current
Liabilities (4) |
|
693.920 |
483.270 |
|
|
|
|
|
|
TOTAL |
|
1310.177 |
1138.246 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
126.530 |
141.793 |
|
(ii) Intangible Assets |
|
7.199 |
8.508 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.505 |
0.505 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.728 |
3.364 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
136.962 |
154.170 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
60.072 |
55.061 |
|
(b) Inventories |
|
11.147 |
42.588 |
|
(c) Trade receivables |
|
11.433 |
52.655 |
|
(d) Cash and cash equivalents |
|
9.033 |
13.881 |
|
(e) Short-term loans and advances |
|
59.111 |
50.412 |
|
(f) Other current assets |
|
1022.419 |
769.479 |
|
Total Current
Assets |
|
1173.215 |
984.076 |
|
|
|
|
|
|
TOTAL |
|
1310.177 |
1138.246 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
422.946 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
432.946 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
120.522 |
|
|
2] Unsecured Loans |
|
|
388.526 |
|
|
TOTAL BORROWING |
|
|
509.048 |
|
|
DEFERRED TAX LIABILITIES |
|
|
45.066 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
987.060 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
179.009 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
55.550 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
213.108
|
|
|
Cash & Bank Balances |
|
|
21.149
|
|
|
Other Current Assets |
|
|
819.993
|
|
|
Loans & Advances |
|
|
355.240
|
|
Total
Current Assets |
|
|
1409.490
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
149.005
|
|
Total
Current Liabilities |
|
|
657.067
|
|
|
Net Current Assets |
|
|
752.423
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.078 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
987.060 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
106.141 |
777.322 |
1271.749 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
101.434 |
699.501 |
1105.447 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.707 |
77.821 |
166.302 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(10.654) |
(6.282) |
5.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.361 |
84.103 |
161.058 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
Balance transfer
to Profit and Loss Account |
NA |
74.103 |
151.058 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
15.36 |
84.10 |
161.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
14.47 |
10.82 |
12.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.36 |
5.94 |
10.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.15 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.94 |
0.73 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69 |
2.04 |
2.15 |
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 |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
REVIEW OF OPERATIONS
The company has achieved the Gross turnover Rs.106.141
Millions during the year. The profit before provision tax was Rs.4.707
Millions.
Note:
The Registered Office of the company has been shifted from Plot No. 8
and 9, S. No. 54/1, Cozy Retreat, Sindh Co-Operative Housing Society, Aundh,
Pune – 411007, Maharashtra, India to the present address w.e.f. 01.04.2008
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
From Directors and Related Parties |
499.227 |
339.058 |
|
|
|
|
|
Total |
499.227 |
339.058 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U45200PN2007PTC129908 |
|
Name of the
company |
ROHAN HOUSING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Office No. 8 and 9, 813, Pradeep Chambers, Bhandarkar Institute Road,
Pune – 411004, Maharashtra, India E-mail: ravi@rohanbuilders.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10194235 |
|
Type of charge |
|
|
Particular of
charge holder |
Punjab National Bank, Large Corporate Branch, Bhagwati Tower, Rk Road, Ludhiana - 141003, Punjab, India E-mail: bo4451@pnb.co.in |
|
Nature of instrument
creating charge |
Letter of
Continuity |
|
Date of
instrument Creating the charge |
28.03.2013 |
|
Amount secured by
the charge |
Rs. 2149.900 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As notified by
the bank from time to time Terms of
Repayment As stipulated by
the bank Margin As per norms of
the bank Extent and
Operation of the charge Extension of
Charge on mortgaged property in favour of bank Others Loan of Rs.
2149.900 Millions The company has
mortgaged its immovable property as security for the loan of Rs. 750.000
Millions availed by Rohan Rajdeep Tollways Limited, Borrower. Further the
Company has also given its imm. property as security for the loan of Rs.
1399.900 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Land at S. No.
11, Hissa No. 2/1, area 00H-19 Are and Hissa No. 2/2 area 00H-19 Are, Total
area 00H-38 Area (3800 Sq. Yds i.e. 40903.20 Sq. Ft.) at Village Hinjewadi,
Taluka Mulshi, District Pune (Maharashtra) and Land at Sr. No. 10, HIssa No.
1/2 at Village Hinjewadi, Taluka Mulshi, District Pune (Maharashtra) total
area 00H-38 Are (3800 Sq. Yds) |
|
Particulars of
the present modification |
By this
modification, the Company has extended security of its immovable properties
mentioned at point no. 15 to secure the facilities aggregating to Rs. 2149.900 Millions in favour of Punjab
National Bank for loan availed by Rohan Rajdeep Tollways Limited |
FIXED ASSETS
Tangible Assets
- Machinery
- Computer
- Furniture
- Vehicles
- Office
Equipments
- UPS and
Batteries
- Wind Mill
- Land for Wind
Mill
Intangible Assets
- Computer
Software
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.60.07 |
|
|
1 |
Rs.89.91 |
|
Euro |
1 |
Rs.77.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.