MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
A. G. TIMBER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
78, Bentinck Street, 2nd Floor, Suit No. 2B, Kolkata – 700001, West Bengal |
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|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
05.02.2010 |
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|
|
|
Com. Reg. No.: |
21-141851 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.0.680 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U20293WB2010PTC141851 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Timber Merchant and Importer |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 340000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of the ‘MB Timber Group’. Even though the company
was incorporated during February 2010, it has commenced its business activity
during 2011-2012. It is a company having a moderate track record. It has achieved sizeable turnover during 2012 and earned minimal
profits. However, trade relations are fair. Business is active, payment terms
are 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 – 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 |
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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 : |
78, Bentinck Street, 2nd Floor, Suit No. 2B, Kolkata –
700001, West Bengal, India |
|
Tel. No.: |
91-33-22257780 / 22257781 |
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Fax No.: |
91-33-22257779 |
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E-Mail : |
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Godown : |
Baidyabati, District Hooghly, West Bengal, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
213, Maharshi Devendra Road, Kolkata – 700007, West Bengal, India |
|
Date of Birth/Age : |
10.06.1971 |
|
Date of Appointment : |
05.10.2010 |
|
DIN No.: |
00651928 |
|
|
|
|
Name : |
Mr. Ganga Prasad Gupta |
|
Designation : |
Director |
|
Address : |
30, M. D. Road, Kolkata – 700007, West Bengal, India |
|
Date of Birth/Age : |
19.05.1951 |
|
Date of Appointment : |
05.10.2010 |
|
DIN No.: |
01669875 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ajay
Kumar Gupta |
|
5000 |
|
Ganga
Prasad Gupta |
|
8566 |
|
M.
B. Timber Private Limited |
|
37000 |
|
M.
B. Woodcraft Private Limited |
|
21000 |
|
Anubhav
Infrastructure Limited |
|
3400 |
|
Apex
Procon Private Limited |
|
1200 |
|
Bimla
Tradecom Private Limited |
|
400 |
|
Citistar
tie Up Private Limited |
|
800 |
|
Lotus
Dealmark Private Limited |
|
1000 |
|
Maa
Sarda Vincom Private Limited |
|
1240 |
|
Maa
Vaishnavi Vanijya Private Limited |
|
1200 |
|
Mayur
Merchandise Private Limited |
|
4360 |
|
Ritu
Dhara Marketing Private Limited |
|
200 |
|
Shree
Ohm Properties Private Limited |
|
1200 |
|
Trimurti
Infra Developers Private Limited |
|
800 |
|
Unique
Commodeal Private Limited |
|
800 |
|
Vaikunth
Vintrade Private Limited |
|
600 |
|
Vigneshwar
Dealmark Private Limited |
|
600 |
|
Total |
|
89366 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
85.000 |
|
Directors or relatives of directors |
|
15.000 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Timber Merchant and Importer |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
The Federal Bank Limited, R N Mukherjee Road Branch, 1 R N
Mukherjee Road, Kolkata – 700001, West Bengal, India |
||||||||||||
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Naveen Singh and Associates Chartered Accountants |
|
Address : |
51, Nalini Seth Road, Ground Floor, Office No.2, Kolkata – 700007,
West Bengal, India |
|
Mobile No.: |
91-9007004351 / 9903046174 |
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Fax No.: |
91-33-22743209 |
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E-Mail : |
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|
PAN No.: |
AAIFN6001E |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.10/- each |
Rs.1.200 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89366 |
Equity Shares |
Rs.10/- each |
Rs.0.894
Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.10/- each |
Rs.0.700 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68000 |
Equity Shares |
Rs.10/- each |
Rs.0.680
Million |
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|
|
|
|
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 |
0.680 |
0.680 |
0.680 |
|
|
2] Share Application Money |
53.415 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.920 |
28.397 |
28.420 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.008) |
|
|
NETWORTH |
85.015 |
29.077 |
29.092 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.550 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
24.270 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
31.820 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
116.835 |
29.077 |
29.092 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.599 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
29.000 |
|
|
DEFERREX TAX ASSETS |
0.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
238.146
|
0.000 |
0.000 |
|
|
Sundry Debtors |
35.168
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
40.272
|
0.569 |
0.090 |
|
|
Other Non-Current Assets |
0.015
|
0.019 |
0.000 |
|
|
Other Current Assets |
4.958
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.581
|
28.500 |
0.000 |
|
Total
Current Assets |
331.140
|
29.088 |
0.090 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
212.141
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
2.635
|
0.011 |
0.017 |
|
|
Provisions |
1.129
|
0.000 |
0.000 |
|
Total
Current Liabilities |
215.905
|
0.011 |
0.017 |
|
|
Net Current Assets |
115.235
|
29.077 |
0.073 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
116.835 |
29.077 |
29.092 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
450.142 |
0.000 |
0.000 |
|
|
|
Other Income |
2.663 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
452.805 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-Trade |
426.217 |
0.000 |
|
|
|
|
Changes in Inventories of Finished Goods |
9.316 |
0.000 |
|
|
|
|
Other Manufacturing Expenses |
2.349 |
0.000 |
|
|
|
|
Employee Benefit Expenses |
0.333 |
0.000 |
|
|
|
|
Other Administrative and Selling Expenses |
3.639 |
0.015 |
|
|
|
|
Other Expenses |
0.004 |
0.000 |
|
|
|
|
TOTAL (B) |
441.858 |
0.015 |
0.008 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.947 |
(0.015) |
(0.008) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.111 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.836 |
(0.015) |
(0.008) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.184 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.652 |
(0.015) |
(0.008) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.128 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.524 |
(0.015) |
(0.008) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.023) |
(0.008) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.501 |
(0.023) |
(0.008) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.11 |
(0.22) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.56 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.81 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.10 |
(0.05) |
(8.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.37 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
2644.36 |
5.29 |
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 |
-- |
|
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 |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Unsecured Loans |
24.270 |
0.000 |
|
Total |
24.270 |
0.000 |
NOTE:
The registered office address
of the company has been shifted from “4, Fairlie Place, 6th Floor, Room No-608,
Kolkata – 700001, West Bengal, India” to the present address w.e.f. 05.10.2010.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U20293WB2010PTC141851 |
|
Name of the company |
A. G. TIMBER PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
78, Bentinck Street, 2nd Floor, Suit No. 2B, Kolkata – 700001, West Bengal, India E-mail Id : sonatatradecom@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10304383 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
The Federal Bank Limited, R N Mukherjee Road Branch, 1 R N Mukherjee Road, Kolkata - 700001, West Bengal, India E-Mail Id : calc@federalbank.co.in |
|
Nature of instrument creating charge |
1. Letter of Credit Agreement 2. Agreement for INLC 3. Agreement for Cash Credit |
|
Date of instrument Creating the charge |
04.04.2012 |
|
Amount secured by the charge |
Rs.80.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit: BR+6% p.a. IMLC (DA/DP): 0.30% for the 1st quarter and 0.05% p.m. for the subsequent months, subject to a minimum of Rs. 1000/- plus service tax. INLC (DA/DP) sublimit to IMLC : 3% p.a. Terms of Repayment On Demand Margin Cash Credit: 25% on stock and 50% on Book Debts IMLC/INLC: Cash Margin 26% Extent and Operation of the charge Exclusive hypothecation charge on the entire current assets of the company. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
CC: Exclusive hypothecation charge on the entire current assets of the company. LC: Extension of hypothecation charge on the entire current assets of the company. |
|
Date of instrument modifying the charge |
11.08.2011 |
|
Particulars of the present modification |
By this modification at the request of the Borrower the overall limit reduced from Rs.180.000 Millions to Rs.80.000 Millions Nature of Facility : Cash Credit - Rs.10.000 Millions, Import LC (DA/DP)- Rs.70.000 Millions, (Inland LC DA/DP Rs.35.000 Millions sublimit to Import LC) |
FIXED ASSETS
·
Vehicles
·
Building
·
Computer
·
Gold
·
Mobile Phone
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.53.77 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.