|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE AMBICA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No.91, N.H. No.8, At Amboli, PO – Kathor, Taluka – Kamrej, Surat
– 394 150, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.11.2009 |
|
|
|
|
Com. Reg. No.: |
04-058675 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.050 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202GJ2009PTC058675 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS10725B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS5949Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Valve Bags, Sand Bags, HDPE Woven Bags
and Wide Round Woven Fabrics etc. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 113000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Even though the company was incorporated in the year November 2009.
But they started their activities from August 2011. In its first year of business operation the company achieved sizeable
turnover but recorded loss. However, capital base seems to be strong. Trade relations are fair.
Business is active. Payments are slow. The company can be considered for business dealings with great
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) |
|
|
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
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Deval Modi |
|
Designation : |
Director |
|
Contact No.: |
91-9898347272 |
|
Date : |
27.02.2013 |
LOCATIONS
|
Registered Office : |
Block No.91, N.H. No.8, At Amboli, PO – Kathor, Taluka – Kamrej, Surat
– 394 150, Gujarat, India |
|
Tel. No.: |
91-2621-256101/256271/256771/257376 |
|
Mobile No.: |
91-9898347272 [Mr. Deval Modi] |
|
Fax No.: |
91-2621-256286 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
45000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
Mahendra Complex, |
|
Tel. No.: |
91-261-256271, 256771, 257376 |
|
Fax No.: |
91-261-256286 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Deval Kanaiyalal Modi |
|
Designation : |
Director |
|
Address : |
Shree Ambica Sadan, At and P.O. Kholvad, Kamrej, |
|
Date of Birth/Age : |
10.10.1985 |
|
Date of Appointment : |
23.11.2009 |
|
DIN No.: |
02777291 |
|
|
|
|
Name : |
Mr. Samir Rajendrabhai Modi |
|
Designation : |
Director |
|
Address : |
Opposite Zimkhana, At Kholvad, Kamrej District, Surat – 394 190,
Gujarat, India |
|
Date of Birth/Age : |
20.07.1973 |
|
Date of Appointment : |
23.11.2009 |
|
DIN No.: |
02777352 |
|
|
|
|
Name : |
Mr. Nitesh Shraddhanand Modi |
|
Designation : |
Director |
|
Address : |
Ambica Sadan, PO. Kholvad Taluka, Kamrej District, Surat – 394 190,
Gujarat, India |
|
Date of Birth/Age : |
07.05.1974 |
|
Date of Appointment : |
23.11.2009 |
|
DIN No.: |
02777425 |
|
|
|
|
Name : |
Mr. Satyam Yagnanand Vinubhai Modi |
|
Designation : |
Director |
|
Address : |
Ambica Sadan, Kholvad, Kamrej, Surat – 394 190, Gujarat, India |
|
Date of Birth/Age : |
22.07.1978 |
|
Date of Appointment : |
23.11.2009 |
|
DIN No.: |
02788392 |
|
|
|
|
Name : |
Mr. Maheshkumar Vinodray Modi |
|
Designation : |
Director |
|
Address : |
Ambica Sadan, At Post Kholvad, Kamrej, Surat – 394 190, Gujarat, India
|
|
Date of Birth/Age : |
06.02.1958 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No.: |
02857249 |
|
|
|
|
Name : |
Mr. Shaileshkumar Vinodray Modi |
|
Designation : |
Director |
|
Address : |
Ambica Sadan, At Post Kholvad, Kamrej, Surat – 394 190, Gujarat, India
|
|
Date of Birth/Age : |
19.06.1965 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No.: |
02857267 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deval Kanaiyalal Modi |
|
400000 |
|
Samir Rajendrabhai Modi |
|
400000 |
|
Nitesh Shraddhanand Modi |
|
400000 |
|
Satyam Yagnanand Modi |
|
400000 |
|
Shailesh Vinodray Modi |
|
402500 |
|
Maheshkumar Vinodray Modi |
|
402500 |
|
Dayal Govind |
|
400000 |
|
Sanjay Dayal Govind |
|
400000 |
|
Veenesh Dayal Govind |
|
400000 |
|
Jithen Dayal Govind |
|
400000 |
|
|
|
|
|
TOTAL |
|
4005000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
60.04 |
|
Other top fifty shareholders |
39.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Valve Bags, Sand Bags, HDPE Woven Bags
and Wide Round Woven Fabrics etc. |
|
|
|
|
Products : |
·
Tarpaulin
and Plastic Sheeting ·
Flexible
Intermediate Bulk Container ·
Polypropylene
Fabrics ·
Circular Woven Fabrics, Coated and
Uncoated (Narrow width) ·
Wide Round-Woven Fabrics Coated and
Uncoated ·
Flat Woven Fabrics Coated and
Uncoated ·
Polypropylene
Bags ·
Laminated/Unlamented PP/HDPE Woven Bags
·
PP/HDPE Woven Bags and Sacks
with/without Liner ·
Sand Bags ·
Valve Bags ·
Gusseted Bags |
|
|
|
|
Exports : |
|
|
Products : |
·
Valve Bags ·
Sand Bags ·
HDPE Woven Bags ·
Wide Round Woven Fabrics |
|
Countries : |
·
Middle East ·
South Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Gulf Countries |
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|
|
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Terms : |
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|
Selling : |
Cash / Credit |
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|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||
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|
||||||||||||
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No. of Employees : |
150 (Approximately) |
||||||||||||
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|
||||||||||||
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Bankers : |
Dena Bank, Kholvad Branch, Kamrej Taluka, Surat – 394 190, Gujarat,
India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Term Loan – Rs. 42.500 millions / Cash Credit – Rs. 5.000 millions
NOTE: Term
Loan of Rs. 42.500 Millions
had been borrowed from Dena Bank, in May, 2011 the same is secured by
mortgage and charge on factory building, all the company's movable assets and
hypothecation of movable properties including movable machineries, tools,
plants, accessories etc. (save and except Book Debts) both present and
future, which has been and which shall be created and also secured by
personal guarantee of directors of the company. The Loan as at March 31, 2012
is repayable in 67 monthly installments of Rs. 0.591 Million each. Interest @
16.00% (subject to change in BPLR) is applicable on the said loan. (Out
Standing Rs. 28.830 Millions Long Term Borrowing + Rs. 7.092 Millions in
Other Current Liability = total Rs. 35.922 Millions) Cash Credit Limit of Rs. 5.000 Millions has been availed from Dena Bank. The said cash credit is secured by company's existing and future stock of inventories, present and future book debts, receivables, claims, etc. Interest @15.75% is applicable on the said loan. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayraj Naik and Company Chartered Accountants |
|
Address : |
JMN House, Opposite Bombay House, Asha Nagar, Navsari – 396 445,
Gujarat, India |
|
Tel. No.: |
91-2637-250232/ 247402 |
|
Fax No.: |
91-2637-247402 |
|
E-Mail : |
|
|
PAN No.: |
AAFPN6954R |
CAPITAL STRUCTURE
As on 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4005000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.050 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4005000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.050
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 |
40.050 |
0.150 |
0.150 |
|
|
2] Share Application Money |
0.000 |
9.726 |
1.268 |
|
|
3] Reserves & Surplus |
(11.642) |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.015) |
|
|
NETWORTH |
28.408 |
9.876 |
1.403 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.569 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
19.152 |
12.000 |
0.000 |
|
|
TOTAL BORROWING |
50.721 |
12.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
3.407 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
82.537 |
21.876 |
1.403 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
63.564 |
16.965 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.007
|
0.000 |
0.000 |
|
|
Sundry Debtors |
13.975
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.324
|
1.377 |
1.324 |
|
|
Other Current Assets |
2.096
|
0.224 |
0.000 |
|
|
Loans & Advances |
5.522
|
4.262 |
0.025 |
|
Total
Current Assets |
34.924
|
5.863 |
1.349 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.606
|
0.878 |
0.000 |
|
|
Other Current Liabilities |
7.346
|
0.074 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
15.952
|
0.952 |
0.000 |
|
|
Net Current Assets |
18.972
|
4.911 |
1.349 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.054 |
|
|
|
|
|
|
|
|
TOTAL |
82.537 |
21.876 |
1.403 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
37.610 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
37.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials consumed |
|
|
38.967 |
|
|
|
Changes in inventories of finished goods, work–in–progress and
stock–in–trade |
|
|
(11.169) |
|
|
|
Employee Benefit Expenses |
|
|
4.432 |
|
|
|
Other Expenses |
|
|
5.239 |
|
|
|
TOTAL (B) |
|
|
37.469 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.141 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.693 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
|
|
(2.552) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
5.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
|
|
(8.233) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
3.408 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
|
|
(11.641) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (Rs.) |
|
|
(2.91) |
|
Expected Sales ( 2012-13 ) : Rs. 50.000 millions
The above information has been parted by Mr. Deval Modi
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(30.95) |
-- |
-- |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(21.89) |
-- |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.36) |
-- |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.29) |
-- |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.78
|
1.21 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
6.15 |
0.00 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
One year |
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 |
No |
|
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 |
UNSECURED LOAN:
(Rs. in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
Loan from Directors |
11.978 |
0.000 |
|
Loan from Shareholders |
7.174 |
0.000 |
|
|
|
|
|
TOTAL |
19.152 |
0.000 |
FIXED ASSETS:
·
Factory Building
·
Electric Installation and
Fittings
·
Plant and Equipment
·
Fire Fighter
·
Office Equipment
·
Furniture and Fixtures
·
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.54.72 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
27 |
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.