|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
OM TRANS LOGISTICS LIMITED |
|
|
|
|
Registered
Office : |
159, Transport Centre, Ring Road, Panjabi Bagh, New Delhi – 110035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.09.2008 |
|
|
|
|
Com. Reg. No.: |
55-183525 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.750
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63013DL2008PLC183525 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCO0852A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject provides logistics and transportation services comprising air, ocean, transportation services, custom clearance and freight forwarding services, custom consulting services, warehousing (storage) and distribution services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 390000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. 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 condition. |
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 : |
159, Transport Centre, Ring Road, Panjabi Bagh, New Delhi – 110035,
India |
|
Tel. No.: |
91-11-28316541/ 42/ 43 |
|
Fax No.: |
91-11-28316548/ 33 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Offices : |
230, Kewal Industrial Estate, S.B. Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-66606405 |
|
Fax No.: |
91-22-24971994 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Also Located at: ·
Kolkata ·
Chennai ·
Pune ·
Bangalore |
|
|
|
|
Overseas Office : |
Located at: ·
Canada ·
China |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Vikram Garg |
|
Designation : |
Whole-time director |
|
Address : |
B-9, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
14.09.1979 |
|
Date of Appointment : |
21.02.2012 |
|
PAN No.: |
AGWPG5602J |
|
DIN No.: |
00054814 |
|
|
|
|
Name : |
Mr. Kapil Pramod Dalmia |
|
Designation : |
Whole-time director |
|
Address : |
C-202, Falcone Castle Society, Tej Apartments Senapati Marg, Lower
Parel, Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1978 |
|
Date of Appointment : |
21.02.2012 |
|
PAN No.: |
AEGPD4009L |
|
DIN No.: |
00081371 |
|
|
|
|
Name : |
Mr. Nimit Gupta |
|
Designation : |
Additional director |
|
Address : |
933/6, Shanti Bhawan, Kalalan Moh. Quilla Road, Rohtak – 120001,
Haryana, India |
|
Date of Birth/Age : |
22.02.1985 |
|
Date of Appointment : |
22.04.2009 |
|
PAN No.: |
AHIPG0904E |
|
DIN No.: |
01928014 |
|
|
|
|
Name : |
Mr. Ishwar Gupta |
|
Designation : |
Director |
|
Address : |
B-9, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
12.03.1956 |
|
Date of Appointment : |
19.09.2008 |
|
PAN No.: |
AAJPG3274F |
|
DIN No.: |
00181060 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ishwar Gupta |
|
524950 |
|
Kapil Pramod Dalmia |
|
525000 |
|
Charu Garg |
|
10 |
|
Ajay Singhal |
|
525010 |
|
Shilpa Dalmia |
|
10 |
|
Harmeet Kaur |
|
10 |
|
Santhosh Kumar K.S |
|
10 |
|
|
|
|
|
Total |
|
1575000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject provides logistics and transportation services comprising air, ocean, transportation services, custom clearance and freight forwarding services, custom consulting services, warehousing (storage) and distribution services. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
·
AUTOMAX ·
SUZUKI ·
ORIENT ·
VICTORIA ·
SU-KAM ·
INDO-DAN ·
HINDON FORGE PRIVATE LIMITED ·
JINDAL ·
ARB ·
NTN ·
SUDHIR ·
TWIGA |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi - 110002, Delhi, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, Nariman Point, Mumbai – 400021, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Subhash C Gupta and Company Chartered Accountants |
|
Address : |
B-3/1, First Floor, Rajouri Garden, New Delhi - 110027, India |
|
PAN No.: |
AAIFS7853D |
|
|
|
|
Associates : |
· Om Auto Carriers · Om Logistics Limited, India CIN No. U63002DL1999PLC101942 · Omx Info Management Limited, India CIN No. U72900DL2004PLC131317 · Om Trax Packaging Solutions Limited, India CIN No. U72300DL2007PLC167631 · Omx Cargo Limited, India CIN No. U74899DL2000PLC106554 · Om Fourways Cargo Limited, India CIN No. U63013DL2004PLC124789 · Omx Info Management Limited, India CIN No. U72900DL2004PLC131317 · Om Seaways Cargo Private Limited, India CIN No. U63030DL2009PTC188186 · Jc Omtrax International Logistics (Shanghai) Company Limited, China · Naru Logistics India Private Limited, India · Om Trans Logistics Inc. Canada |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1575000 |
Equity Shares |
Rs.10/- each |
Rs. 15.750
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.750 |
15.750 |
|
(b) Reserves & Surplus |
|
84.133 |
52.098 |
|
(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) |
|
99.883 |
67.848 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.031 |
38.257 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.842 |
1.092 |
|
Total Non-current Liabilities (3) |
|
23.873 |
39.349 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
77.932 |
53.917 |
|
(b) Trade payables |
|
84.459 |
77.761 |
|
(c) Other current liabilities |
|
16.368 |
27.999 |
|
(d) Short-term provisions |
|
25.361 |
55.283 |
|
Total Current Liabilities (4) |
|
204.120 |
214.960 |
|
|
|
|
|
|
TOTAL |
|
327.876 |
322.157 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
54.899 |
3.900 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
1.963 |
0.00 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
9.688 |
7.227 |
|
(c) Deferred tax assets (net) |
|
0.078 |
0.086 |
|
(d) Long-term Loan and Advances |
|
0.154 |
41.380 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
66.782 |
52.593 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
219.640 |
218.434 |
|
(d) Cash and cash equivalents |
|
6.596 |
11.976 |
|
(e) Short-term loans and advances |
|
34.858 |
39.154 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
261.094 |
269.564 |
|
|
|
|
|
|
TOTAL |
|
327.876 |
322.157 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.700 |
|
|
3] Reserves & Surplus |
|
|
20.933 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.133 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
35.588 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
35.588 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
57.721 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.585 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.080 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
123.772 |
|
|
Cash & Bank Balances |
|
|
10.281 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
25.025 |
|
Total
Current Assets |
|
|
159.078 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
42.076 |
|
|
Other Current Liabilities |
|
|
47.852 |
|
|
Provisions |
|
|
12.094 |
|
Total
Current Liabilities |
|
|
102.022 |
|
|
Net Current Assets |
|
|
57.056 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
57.721 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1585.301 |
1407.962 |
718.030 |
|
|
|
Other Income |
3.398 |
0.874 |
1.809 |
|
|
|
TOTAL (A) |
1588.699 |
1408.836 |
719.839 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expenses |
31.091 |
23.100 |
|
|
|
|
Other expenses |
1499.899 |
1331.763 |
|
|
|
|
TOTAL (B) |
1530.990
|
1354.863 |
686.254 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
57.709 |
53.973 |
33.585 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.681 |
6.407 |
1.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.028 |
47.566 |
32.548 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.011 |
0.437 |
0.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
48.017 |
47.129 |
32.418 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.982 |
15.965 |
11.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.035 |
31.164 |
20.991 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.097 |
41.924 |
(0.058) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
84.132 |
52.097 |
20.933 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
97.980 |
32.912 |
16.663 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.34 |
19.79 |
419.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.01 |
2.21 |
2.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.02 |
3.35 |
4.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.19 |
14.97 |
20.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.70 |
1.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.00 |
1.36 |
1.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.26 |
1.56 |
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Loans and advance from related parties |
21.362 |
37.266 |
|
|
|
|
|
Total |
21.362 |
37.266 |
Note: The Registered Office of the company has been shifted from 141, Transport Centre, Ring Road, Punjabi Bagh, New Delhi – 110035, India to the present address w.e.f. 03.11.2012.
FIXED ASSETS
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
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. 59.80 |
|
|
1 |
Rs. 91.03 |
|
Euro |
1 |
Rs. 78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
45 |
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.