Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Bishandas Kapoor |
|
Status |
Moderate |
Principal Name 2 |
Mr. Raghav Anil Kapoor |
|
Registration # |
11-067488 |
||
|
Street Address |
517, Vyapar
Bhuvan, 49 Pdemello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India |
||
|
Established Date |
30.06.1992 |
SIC Code |
-- |
|
Telephone# |
91-22-23700293 / 23480296 / 23482294 |
Business Style 1 |
Dealer |
|
Fax # |
91-22-23700295 |
Business Style 2 |
Agent |
|
Homepage |
-- |
Product Name 1 |
Newsprint |
|
# of employees |
-- |
Product Name 2 |
Pulp |
|
Paid up capital |
Rs. 10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00 % |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
168,532,000 |
Current Liabilities |
90,408,000 |
|
Inventories |
42,566,000 |
Long-term Liabilities |
81,555,000
|
|
Fixed Assets |
3,255,000 |
Other Liabilities |
1,576,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
173,539,000 |
|
Invest& other Assets |
1,140,000 |
Retained Earnings |
31,954,000 |
|
|
|
Net Worth |
41,954,000 |
|
Total Assets |
215,493,000 |
Total Liab. & Equity |
215,493,000 |
|
Total Assets (Previous Year) |
152,195,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
340,274,000 |
Net Profit |
4,323,000 |
|
Sales (Total Income) (Previous yr) |
339,287,0000 |
Net Profit(Prev.yr) |
2,823,000 |
MIRA INFORM REPORT
|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
517, Vyapar Bhuvan, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.06.1992 |
|
|
|
|
Com. Reg. No.: |
11-067488 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51396MH1992PTC067488 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR09717B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR6701J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Agent of Newsprint and Pulp. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears huge external borrowings recorded by the company. However, trade
relations are reported as fair. Business is active. Payments are reported to
be 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 |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit : A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety it carry high credit risk. |
|
Date |
21.12.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : B (Suspended) |
|
Rating Explanation |
High risk of default |
|
Date |
21.12.2011 |
Note: Reason for suspended is not available.
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 : |
517, Vyapar Bhuvan, 49 P.D’Memello Road, Carnac Bunder, Masjid (East),
Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-23700293 / 23480296 / 23482294 |
|
Fax No.: |
91-22-23700295 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
Paper Cutting Works, Gala No.306, Raghunath Compound, Wal Village,
Rahanal, Thane-Bhiwandi Road, Maharashtra, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anil Bishandas Kapoor |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
401, Snehal Building, ZIG ZAG Road, Pali Hill, Bandra, Mumbai –
400050, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1960 |
|
Date of Appointment : |
30.06.1992 |
|
DIN No.: |
01266111 |
|
|
|
|
Name : |
Mr. Raghav Anil Kapoor |
|
Designation : |
Director |
|
Address : |
Snehal CHS.601-701, 6 and 7th Floor, ZIG ZAG Road, Palli
Hill Road, Bandra (W), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1985 |
|
Date of Appointment : |
01.07.2010 |
|
DIN No.: |
03149711 |
|
|
|
|
Name : |
Ms. Swati Anil Kapoor |
|
Designation : |
Director |
|
Address : |
Sneha CHS, ZIG ZAG Road, 4th Floor, Palli Hill Road, Bandra
(West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1960 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No.: |
02353459 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anil Bishandas Kapoor |
80500 |
|
Swati Anil Kapoor |
9800 |
|
Raghav Anil Kapoor |
9700 |
|
TOTAL |
100000 |
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 : |
Dealer and Agent of Newsprint and Pulp. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U B Lakhani and company Chartered Accountant |
|
Address : |
A-202, Nelkanth Dhara, N. S. Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
91-22-25905491 / 92 |
|
Fax No.: |
91-22-25905472 |
|
PAN No.: |
AAAPL6251C |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 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 |
10.000 |
6.000 |
6.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31.954 |
15.019 |
13.273 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
41.954 |
21.019 |
19.273 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.272 |
65.834 |
43.143 |
|
|
2] Unsecured Loans |
35.283 |
2.509 |
1.300 |
|
|
TOTAL BORROWING |
81.555 |
68.343 |
44.443 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
123.509 |
89.362 |
63.716 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.255 |
3.406 |
1.793 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.140 |
1.140 |
0.738 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
42.566
|
34.083 |
12.635
|
|
|
Sundry Debtors |
122.001
|
75.617 |
75.196
|
|
|
Cash & Bank Balances |
15.796
|
25.869 |
1.251
|
|
|
Other Current Assets |
1.617
|
0.480 |
34.574
|
|
|
Loans & Advances |
29.118
|
11.600 |
13.236
|
|
Total
Current Assets |
211.098
|
147.649 |
136.892 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
89.514
|
62.368 |
71.189
|
|
|
Other Current Liabilities |
0.894
|
0.334 |
4.579
|
|
|
Provisions |
1.576
|
0.131 |
0.007
|
|
Total
Current Liabilities |
91.984
|
62.833 |
75.775
|
|
|
Net Current Assets |
119.114
|
84.816 |
61.117
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.068 |
|
|
|
|
|
|
|
|
TOTAL |
123.509 |
89.362 |
63.716 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
340.274 |
339.287 |
139.507 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
340.274 |
339.287 |
139.507 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
4.323 |
2.823 |
1.567 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.27
|
0.83 |
1.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94
|
3.25 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29
|
2.35 |
1.81 |
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 |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Loans and
advances from related parties |
|
|
|
Achievement Merchandise Private Limited |
0.000 |
0.710 |
|
Anil B. Kapoor – BI |
3.550 |
0.000 |
|
Anil B. Kapoor – Loan |
9.154 |
0.000 |
|
Business India – A/c – Anil B. Shah |
0.000 |
1.000 |
|
Business India – A/c – J.B. Shah |
0.000 |
0.600 |
|
Nav Bharat Press Limited |
0.000 |
0.199 |
|
Raghav A. Kapoor – BI |
3.500 |
0.000 |
|
Raghav A. Kapoor - Loan |
19.079 |
0.000 |
|
Total |
35.283 |
2.509 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51396MH1992PTC067488 |
|
Name of the
company |
RANJANA NEWSPRINT
IMPORTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
517, Vyapar Bhuvan, 49 Pdemello Road, Carnac Bunder, Mumbai – 400009,
Maharashtra, India Email: sandeep@sppc.co.in |
|
This form is for |
Creation
of charge |
|
Type of charge |
Book
debts Movable
property (not being pledge) |
|
Particular of
charge holder |
The Federal Bank Limited, Rajgir Court, 6 Kohinoor Road, Dadar (East),
Mumbai – 400014, Maharashtra, India Email: bbyc@federalbank.co.in
|
|
Nature of
instrument creating charge |
Letter of Credit
Agreement and Agreement for Inland Letter of Credit both constituting single
charge. |
|
Date of
instrument Creating the charge |
25.06.2012 |
|
Amount secured by
the charge |
Rs. 70.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest @10.50% above
base rate ( presently @20.95% p.a.) Terms of
Repayment Lump sum Margin 20% Cash Margin Extent and
Operation of the charge The Charge will
operate to the extent of Rs. 70.000 millions on the security offered by the
company. Others Commission - 50%
card Rate |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The Borrower
hereby Hypothecate all goods and Document of title to goods purchased under
LC. |
FIXED ASSETS
v Tangible Assets
- Buildings
- Plant and
Equipment
- Furniture and
Fixture
- Vehicle
- Office
Equipment
v Intangible Assets
- Computer
Software
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.54.26 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared by
: |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
5 |
|
--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 |
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 |
|
30 |
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.