MIRA
INFORM REPORT
|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
GEETA PLY BOARDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7-65, 1st Floor, Haripriya Complex, Habsiguda “X” Road, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.06.1999 |
|
|
|
|
Com. Reg. No.: |
01-31862 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 1.650 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400AP1999PTC031862 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG00724D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wooden Items Flush Doors, Plywood, Black Boards, Panel
Doors and Door Frames. |
|
|
|
|
No. of
Employees: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 67344 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported to be usually
correct. The company can be considered normal 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 DENIED BY
|
Name : |
Mr. Kirthi Patel |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9866008830 |
|
Date : |
27.02.2013 |
LOCATIONS
|
Registered Office : |
7-65, 1st Floor, Haripriya Complex, Habsiguda “X” Road, |
|
Tel. No.: |
91-40-27173015 / 27155667 |
|
Mobile No.: |
91-9866008830/ 9866008892 (Mr. Patel) |
|
Fax No.: |
91-40-27177261 |
|
E-Mail : |
|
|
Area : |
600 Sq. Ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
|
|
Area : |
2 Acres |
|
Location : |
Owned |
DIRECTORS
As on 26.09.212
|
Name : |
Mr. Ambalal Patel |
|
Designation : |
Managing Director |
|
Address : |
H. No.4-9-100, Street No. 3, HMT Nagar, Nacharam, |
|
Date of Birth/Age : |
25.10.1961 |
|
Date of Appointment : |
08.06.1999 |
|
DIN : |
00443939 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45400AP1999PTC031862 |
Geeta Ply Boards Private Limited |
Managing director |
08-06-99 |
08-06-99 |
- |
Active |
NO |
|
2 |
U01403AP2008PTC061157 |
Patidar Agro Forestry Private Limited |
Director |
23-09-08 |
23-09-08 |
- |
Active |
|
Name : |
Mr. Praveen Patel Pokar |
|
Designation : |
Director |
|
Address : |
H. No. 3-1-105/13, Plot No. 78, Shatavahana Nagar, L. B. Nagar,
Hyderabad – 500074, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.09.1976 |
|
Date of Appointment : |
08.06.1999 |
|
DIN : |
00480180 |
|
|
|
|
Name : |
Jammula Kiranmaye |
|
Designation : |
Director |
|
Address : |
19/2RT, Vijaya Nagar Colony, |
|
Date of Birth/Age : |
19.05.1969 |
|
Date of Appointment : |
08.06.1999 |
|
DIN : |
00449655 |
|
|
|
|
Name : |
Mr. Gopal Patel Pokar |
|
Designation : |
Director |
|
Address : |
H No.9-100, HMT Nagar Colony, Nacharam, |
|
Date of Birth/Age : |
12.02.1967 |
|
Date of Appointment : |
06.02.2009 |
|
DIN : |
02530704 |
KEY EXECUTIVES
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ambalal Patel |
|
19800 |
|
Praveen Kumar Patel |
|
19800 |
|
Jammula Kiranmayee |
|
48600 |
|
Gopal Patel |
|
16200 |
|
Ladharam Bhai Patel |
|
43200 |
|
Mohan Patel |
|
16200 |
|
Laxmiben L Patel |
|
10800 |
|
Chandulal Patel |
|
23400 |
|
Total |
|
198000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2012
|
Category |
|
Percentage of
Holding |
|
Directors or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wooden Items Flush Doors, Plywood, Black Boards, Panel
Doors and Door Frames. |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Skins of Door |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Credit |
GENERAL INFORMATION
|
Customers : |
Dealer |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bajaranglal Jhawar And Company Chartered Accountants |
|
Address : |
409, Sherza Estate, 5-3-989, |
|
Tel. No.: |
91-40-24613469 |
|
PAN No.: |
AANPJ4434E |
|
|
|
|
Sister Concern: |
Address : L.B Nagar,
Address : Nalgonda District |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198000 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.650
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 |
1.980 |
1.650 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.040 |
0.040 |
|
|
3] Reserves & Surplus |
6.438 |
5.854 |
5.610 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.418 |
7.544 |
6.750 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.301 |
6.769 |
4.553 |
|
|
2] Unsecured Loans |
10.870 |
8.981 |
7.818 |
|
|
TOTAL BORROWING |
17.171 |
15.750 |
12.371 |
|
|
DEFERRED TAX LIABILITIES |
0.485 |
0.456 |
0.412 |
|
|
CST and Vat Differment of Tax |
0.439 |
2.127 |
3.222 |
|
|
|
|
|
|
|
|
TOTAL |
26.513 |
25.877 |
22.755 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.465 |
9.115 |
7.462 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.527 |
2.080 |
2.080 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.983
|
8.802
|
6.844
|
|
|
Sundry Debtors |
8.568
|
10.615
|
10.639
|
|
|
Cash & Bank Balances |
2.105
|
1.909
|
0.015
|
|
|
Other Current Assets |
0.280
|
0.809
|
0.510
|
|
|
Loans & Advances |
0.000
|
0.664
|
1.982
|
|
Total
Current Assets |
20.936
|
22.799
|
19.990 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.101
|
5.682
|
4.022
|
|
|
Other Current Liabilities |
3.289
|
2.059
|
0.688
|
|
|
Provisions |
0.025
|
0.376
|
2.067
|
|
Total
Current Liabilities |
8.415
|
8.117
|
6.777 |
|
|
Net Current Assets |
12.521
|
14.682
|
13.213
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.513 |
25.877 |
22.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
39.039 |
36.108 |
37.830 |
|
|
|
Other Income |
0.617 |
0.474 |
0.547 |
|
|
|
TOTAL |
39.656 |
36.582 |
38.377 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
36.198 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
37.184 |
34.275 |
36.198 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.472 |
2.307 |
2.179 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.144 |
1.120 |
0.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.328 |
1.187 |
1.279 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.414 |
0.394 |
0.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.914 |
0.793 |
0.879 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11.148 |
13.581 |
12.123 |
|
|
|
Machinery |
0.000 |
1.176 |
0.000 |
|
|
TOTAL IMPORTS |
11.148 |
14.757 |
12.123 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.70 |
4.81 |
7.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.30
|
2.16
|
2.29
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.40
|
3.28
|
3.38
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.22
|
3.71
|
4.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.15
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.03
|
3.16
|
2.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.48
|
2.80
|
2.95
|
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 |
No |
|
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 |
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 |
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 |
No |
|
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 |
OPERATIONS:
During
the year, the sales have decreased from Rs.36.108 Millions to Rs.39.038
Millions as compared to last year. The Company has recorded Profit before Tax
of Rs.1.328 Millions during the year as compare to last year of Rs.1.187
Millions. The Company could maintain its share in the market due to its quality
conscious and the management is confident about its increasing share
domestically.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45400AP1999PTC031862 |
|
Name of the
company |
GEETA PLYBOARDS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7-65, 1st Floor, Haripriya Complex, Habsiguda “X” Road, Email: geetaply@rediffmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90126169 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of Nacharam Industrial Area Branch, Nacharam IDA, E-Mail : sa.03098@sbi.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
|
|
Date of instrument
Creating the charge |
17.09.2010 |
|
Amount secured by
the charge |
Rs.14.700
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For CC 5.75% above
Base Rate (Present Base Rate 7.50%) with effective rate of Interest 13.25%
p.a. at monthly rests. Terms of Repayment Repayable on
demand Margin – Raw Material
Domestic - 25%, Sip - 25%, Fg - 25%, Receivables - 40%
Letter of Credit
- 20%. Extent and Operation of the charge Charge Operates
As Security For Due Repayment of Loan Amounts Aggregating Rs. 14.700 millions
To State Bank Of Others
Nature Of The
Limit Amount (Rs. In
millions) 1) FBWC - CC
(HYP) - 6.000 2) SME CR+ - 1.200 3) LC - 7.500 Total - 14.700 |
|
Short particulars
of the property charged |
Hypothecation Of
All Chargeable Current Assets Of The Company EM of Land and Building
Constructed Thereon In Sy.No.90(E) Situated At Yamnampet, Ghatkesar, R.R.
District |
|
Date of latest
modification prior to the present modification |
21.04.2009 |
|
Particulars of
the present modification |
Fund Based
Limited Enhanced From Rs. 5.600 millions To Rs. 7.200 millions and Non-Fund Based
Limits Increased From Rs.7.000 millions To Rs. 7.500 millions, Thereby
Overall Limits Enhanced From Rs. 12.600 millions To Rs. 14.700 millions. |
Fixed Assets
- Air
Conditioner
- Building
- Computer
- Furniture
- Fax Machine
- Generator
- Land
- Plant and
Machinery
- Scooter
- Telephone
- Tools and
Spares
- Motor Car
- Motor Cycle
- UPS
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.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
4 |
|
--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 |
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 |
|
TOTAL |
|
44 |
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.