MIRA
INFORM REPORT
|
Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
RANOSON SPRINGS PRIVATE LIMITED |
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Registered
Office : |
1/39 Old Rajinder Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
24.06.1988 |
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|
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Com. Reg. No.: |
55-32220 |
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Capital
Investment / Paid-up Capital : |
Rs.3.870
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PTC032220 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTR00871D |
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PAN No.: [Permanent Account No.] |
AAACR2295R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Difference types of Springs like Coiled Spring and tension
Compression etc. |
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|
|
No. of Employees
: |
120 [In office 15 + In factory 108]
|
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 96372 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There appears
slight dip in sales turnover and profitability during the current year. However, General financial position of the company seems to be good.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as pre commitments. The company can be considered for 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 – 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 |
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Negi |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-120-43251104 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office : |
1/39, Old Rajinder Nagar, |
|
Tel No.: |
Not Available |
|
Mobile No. : |
91-9971494606/9971494611 (Mr. Sunil Kumar Ranotra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
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Corporate office: |
Plot No 157-160, Udyog Kendra, Ecotach – 2, Noida, India |
|
Tel. No.: |
91-120-4327701/02/03 |
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Fax No.: |
91-120-2581337 |
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Email: |
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|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Sunil Kumar Ranotra |
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Designation : |
Whole Time Director (Finance and Marketing) |
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|
Address : |
B – 229, Sector – 50, Gautam Budh Nagar, Noida – 201301, |
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Date of Birth/Age : |
27.12.1955 |
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Date of Appointment : |
24.06.1988 |
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Din No.: |
01284539 |
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Name : |
Mr. Anil Prakash Ranotra |
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Designation : |
Whole Time Director (Technical) |
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Address : |
H – 33, Sector – 11, Gautam Budh Nagar, Noida – 201301, |
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Date of Birth/Age : |
26.03.1953 |
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Date of Appointment : |
24.06.1988 |
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Din No.: |
01298991 |
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Name : |
Mr. Ashwani Kumar Ranotra |
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Designation : |
Whole Time Director |
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Address : |
H – 33, Sector – 11, Gautam Budh Nagar, Noida – 201301, |
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Date of Birth/Age : |
05.10.1950 |
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Date of Appointment : |
24.06.1988 |
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Din No.: |
01284582 |
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Other Directorship:
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Name : |
Mr. Hans Raj Ranotra |
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Designation : |
Director |
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Address : |
H – 33, Sector – 11, Gautam Budh Nagar, Noida – 201301, |
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Date of Birth/Age : |
04.11.1915 |
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Date of Appointment : |
24.06.1988 |
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Din No.: |
01394919 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Kumar Ranotra |
|
7191 |
|
Anil Prakash Ranotra |
|
7211 |
|
Hans Raj Ranotra |
|
6521 |
|
Ashwani Kumar Ranotra |
|
4572 |
|
Renu Ranotra |
|
5300 |
|
Savita Ranotra |
|
5250 |
|
Sushma Ranotra |
|
1100 |
|
Bhim Sen |
|
175 |
|
Shanta Razdan |
|
160 |
|
Yogesh Kumar Sethi |
|
100 |
|
Sandhya Khoat |
|
250 |
|
Gurender Singh Ghai |
|
200 |
|
Nawaljit Kaur |
|
300 |
|
Nita Chadda |
|
200 |
|
Prathit Ranotra |
|
10 |
|
Arpit Ranotra |
|
10 |
|
Anurag Ranotra |
|
10 |
|
Vishakh Ranotra |
|
10 |
|
Preeti Ranotra |
|
10 |
|
Aditi Ranotra |
|
10 |
|
Geeta Ranotra |
|
10 |
|
Pawan Jindal |
|
50 |
|
Narender Singh Negi |
|
50 |
|
Total |
|
38700 |
As on 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
96.14 |
|
Other
top fifty shareholders |
|
3.86 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Difference types of Springs like Coiled Spring and tension
Compression etc. |
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Products : |
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Exports : |
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Products : |
Finishing Goods |
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Countries : |
·
Poland ·
Germany |
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Imports : |
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Products : |
Machinery |
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Countries : |
·
Taiwan ·
China |
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Terms : |
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Selling : |
Credit [30 days] |
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Purchasing : |
Credit [30 days] |
GENERAL INFORMATION
|
Supplier: |
Bekaert Mukand |
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Customers : |
·
LG Electronic ·
OEM’s |
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No. of Employees : |
120 [In office 15 + In factory 108]
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Bankers : |
·
Citibank
N. A., Jeevan Bharti Building, 4th Floor, 124, Connaught Circus,
Connaught Place, New Delhi-110001, India ·
Corporation Bank, Sector-26, Noida - 201301,
Uttar Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
V. K. Arora and Associates Chartered Accountants |
|
Address : |
245 A Sant Nagar, |
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Tel. No.: |
91-11-26448624 |
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Pan No.: |
AABPA5561H |
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Associates/Subsidiaries : |
Ranoson Machines Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38700 |
Equity Shares |
Rs.100/- each |
Rs.3.870
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 |
3.870 |
3.870 |
3.870 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.223 |
19.045 |
12.450 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.093 |
22.915 |
16.320 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.173 |
25.457 |
15.515 |
|
|
2] Unsecured Loans |
9.692 |
8.714 |
7.618 |
|
|
TOTAL BORROWING |
42.865 |
34.171 |
23.133 |
|
|
DEFERRED TAX LIABILITIES |
2.249 |
2.033 |
1.880 |
|
|
|
|
|
|
|
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TOTAL |
69.207 |
59.119 |
41.333 |
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
50.726 |
37.405 |
27.047 |
|
|
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 |
15.887
|
11.760
|
8.903 |
|
|
Sundry Debtors |
17.969
|
17.903
|
11.932 |
|
|
Cash & Bank Balances |
1.634
|
1.471
|
1.037 |
|
|
Other Current Assets |
0.500
|
0.000
|
0.000 |
|
|
Loans & Advances |
5.893
|
4.908
|
2.593 |
|
Total
Current Assets |
41.883
|
36.042
|
24.465 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.153
|
13.614
|
9.825 |
|
|
Other Current Liabilities |
5.249
|
0.714
|
0.354 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
23.402
|
14.328
|
10.179 |
|
|
Net Current Assets |
18.481
|
21.714
|
14.286 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
69.207 |
59.119 |
41.333 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
96.260 |
100.823 |
72.631 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
70.377 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
94.537 |
92.488 |
70.377 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.723 |
8.335 |
2.254 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.545 |
1.740 |
0.697 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.178 |
6.595 |
1.557 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
30.44 |
170.41 |
40.23 |
|
Expected Sales (2011-12) : Rs.150.000 Millions.
The above information has been parted by Mr. Sunil Kumar Ranotra.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.22
|
6.54
|
2.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.86
|
11.35
|
4.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.36
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Debt/Networth) |
|
1.78
|
2.12
|
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.52
|
2.40 |
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
three 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
YEAR IN
RETROSPECT
During the
year total income of the Company was Rs. 96.259 Millions as against Rs. 100.823
Millions in the previous year. The Company was able to earn a profit for the
year of Rs. 1.177 Millions against a profit of Rs. 6.594 Millions. The
Directors are putting in their best efforts to improve the performance of the
Company.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1988PTC032220 |
|
Name of the
company |
RANOSON SPRINGS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1/39, Old
Rajinder Nagar, New Delhi - 110060 Delhi, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
property Movable property
(not being pledge) |
|
Particular of
charge holder |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
|
Nature of
instrument creating charge |
1. Agreement for
term loan limit cum hypothecation dated 16/05/2012 executed by the company
for creation of first charge on the movable assets of the company. 2. On the same day,
No instrument is executed. Extension of first charge by way of mortgage of
immovable properties of the company situated at Plot No. 11A, Industrial Park
IV, Village-Begumpur, Hardwar, Uttarakhand and Plot Nos157-160, Udyog
Kendra-II, Ecotech-III, Greater Noida, Uttar Pradesh has been created. |
|
Date of
instrument Creating the charge |
16.05.2012 |
|
Amount secured by
the charge |
Rs.5.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 0.50% above SIDBI
PLR. Present SIDBI PLR being 12.75%, effective interest rate is 13.25% p.a. Terms of
Repayment The Loan shall be
repaid by the company to SIDBI in maximum five years including a moratorium of
upto 12 months. The exact repayment schedule shall be fixed by SIDBI in
consultation with the company at the time of disbursement of the loan. Margin Nil Extent and
Operation of the charge 1) First charge
on movables to be acquired under the project/ the limit 2) Extn of first
charge on all the movable assets of the company acquired under earlier
projects/ schemes for term loan of Rs. 6.000 Millions and Rs. 14.000 Millions 3) Extn of first
charge on the immovable properties of the company, situated at Plot No 11A,
Industrial Park IV, Village-Begumpur, Hardwar, Uttarakhand and Plot
Nos157-160, Udyog Kendra-II, Ecotech-III, Greater Noida, Uttar Pradesh. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the movables
of the borrower acquired/ to be acquired under the project/ limit All movables of
the company acquired under earlier projects/ schemes for term loan of Rs.
6.000 Millions and Rs. 14.000 Millions including machinery, equipment, etc Immovable
properties of the Company situated at Plot No 11A, Industrial Park IV,
Village-Begumpur, Hardwar, Uttarakhand admeasuring 700 sq. mtrs. Immovable
properties of the Company situated at Plot Nos157-160, Udyog Kendra-II,
Ecotech-III, Greater Noida, Uttar Pradesh admeasuring 1804.80 sq. mtrs. |
FIXED ASSETS:
- Air Conditioner
- Building
- Crates
- Electrical Fitting
- Fan and Cooler
- Fire Extinguisher
- Furniture and Fixture
- Land
- Motor Car
- Office Equipments
- Generator
- Plant and Machinery
- Tools and Implement
- Computers
- Close Circuit Camera
- Fridge
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 records 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.54.74 |
|
|
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYN |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.