|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNICORN DENMART LIMITED |
|
|
|
|
Registered
Office : |
3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New
Rajinder Nagar, New Delhi – 110060 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.02.2008 |
|
|
|
|
Com. Reg. No.: |
55-173509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297DL2008PLC173509 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU03585B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU9584E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider, Wholesaler and Supplier of Dental Care
Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financials for the year 2012 is not available. However, from the previous
year financials we found that the company is performing well and it can
considered normal for business dealing. In the absence of the latest
financial payment terms are unknown. Business is active. The company can be considered for business with slight 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 |
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 : |
Mrs. Achla Gumbhir |
|
Designation : |
Director |
|
Contact No.: |
91-9810986086 |
LOCATIONS
|
Registered/ Corporate Office: |
3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New
Rajinder Nagar, New Delhi-110060, India |
|
Tel. No.: |
91-11-45551200 |
|
Fax No.: |
91-11-45551222 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · New Delhi · Ahmedabad · Lucknow · Kanpur · Bangalore · Chandigarh · Kolkata · Mumbai |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Shammi Gumbhir |
|
Designation : |
Director |
|
Address : |
C-3/71 Ashok Vihar Phase II, New Delhi-110052, India |
|
Date of Birth/Age : |
15.08.1966 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
00001067 |
|
|
|
|
Name : |
Mrs. Achla Gumbhir |
|
Designation : |
Director |
|
Address : |
C-3/71 Ashok Vihar Phase II, New Delhi-110052, India |
|
Date of Birth/Age : |
08.12.1968 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
00001068 |
|
|
|
|
Name : |
Ms. Dropadi Gambhir |
|
Designation : |
Director |
|
Address : |
D-12/64, Block-D, PKT-12, Rohini Sector-9, New Delhi-110085, India |
|
Date of Birth/Age : |
02.01.1976 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
05266186 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shammi Gumbhir |
|
89800 |
|
Achla Gumbhir |
|
80000 |
|
Sandhya Gambhir |
|
160 |
|
Sanjeev Kinger |
|
10 |
|
Dropadi Gambhir |
|
10 |
|
Reena Kukreja |
|
10 |
|
Rakesh Kumar |
|
10 |
|
Total |
|
170000 |
As on 29.09.2012
Equity share
breakup
|
Category |
Percentage |
|
|
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider, Wholesaler and Supplier of Dental Care
Products. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Supplier : |
|
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
· Axis Bank Limited, Rajinder Nagar, New Delhi, India · Citibank N.A. Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi – 110001, India · Punjab National Bank |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raj Suneja and Company Chartered Accountant |
|
Address : |
2189, 3rd Floor, Shadi Khampur, West Patel Nagar, New Delhi
– 110008, Delhi, India. |
|
Tel. No.: |
91-11-45719991 |
|
Mobile No.: |
91-981021505/ 602 |
|
PAN No.: |
AAXPS3387B |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Share |
Rs.10/- Each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170000 |
Equity Share |
Rs.10/- Each |
Rs.1.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.700 |
1.700 |
1.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
65.552 |
21.451 |
0.000 |
|
|
4] Share Premium |
0.000 |
18.000 |
18.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
(0.855) |
|
|
NETWORTH |
67.252 |
41.151 |
18.845 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
32.988 |
9.311 |
0.020 |
|
|
TOTAL BORROWING |
32.988 |
9.311 |
0.020 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
100.240 |
50.462 |
18.865 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.278 |
16.741 |
1.620 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.010 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
65.253
|
53.299
|
0.000 |
|
|
Sundry Debtors |
47.003
|
54.724
|
4.039 |
|
|
Cash & Bank Balances |
3.666
|
4.075
|
9.963 |
|
|
Other Current Assets |
19.556
|
21.232
|
3.595 |
|
|
Loans & Advances |
22.318
|
0.566
|
0.058 |
|
Total
Current Assets |
157.796
|
133.896
|
17.655 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
30.258
|
69.970
|
0.099 |
|
|
Other Current Liabilities |
27.980
|
30.239
|
0.364 |
|
|
Provisions |
16.606
|
0.000
|
0.000 |
|
Total
Current Liabilities |
74.844
|
100.209
|
0.463 |
|
|
Net Current Assets |
82.952
|
33.687
|
17.192 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.034 |
0.053 |
|
|
|
|
|
|
|
|
TOTAL |
100.240 |
50.462 |
18.865 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
395.514 |
301.193 |
15.003 |
|
|
|
Other Income |
4.708 |
2.461 |
0.000 |
|
|
|
TOTAL (A) |
400.222 |
303.654 |
15.003 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Sales in Trade |
285.139 |
282.054 |
12.926 |
|
|
|
Change in Inventories of Stock in Trade |
(11.953) |
(53.300) |
0.000 |
|
|
|
Employee, Remuneration and Benefits |
30.337 |
19.596 |
1.082 |
|
|
|
Other Expenses |
45.444 |
32.518 |
1.824 |
|
|
|
TOTAL (B) |
348.967 |
280.868 |
15.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
51.255 |
22.786 |
(0.829) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.512 |
0.145 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.743 |
22.641 |
(0.831) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.783 |
0.304 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX (E-F) (G) |
49.960 |
22.337 |
(0.831) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.595 |
7.069 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
33.365 |
15.268 |
(0.831) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
196 |
90 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.34
|
5.03 |
(5.54) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.63
|
7.42 |
(5.54) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.54
|
14.83 |
(4.81) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74
|
0.54 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.49
|
0.23 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
1.34
|
38.13 |
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
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 |
-- |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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 |
FINANCIAL RESULTS
The Company had derived a profit of Rs.49.960 Millions by conducting
Sales of Rs.395.514 Millions after meeting expenses during the period.
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Bank OD A/c |
|
|
|
Citi Bank |
10.680 |
0.000 |
|
|
|
|
|
From Directors |
|
|
|
Achla Gumbhir |
10.530 |
4.380 |
|
Dropadi Gumbhir |
0.558 |
0.512 |
|
Shammi Gumbhir |
11.220 |
4.419 |
|
Total |
32.988 |
9.311 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29297DL2008PLC173509 |
|
Name of the company |
UNICORN DENMART LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
3, Local Shopping Centre, Mor Land, Near J-Block Dda Mkt, New Rajinder Nagar, New Delhi -110060, Delhi, India Email: shammi@unicorndenmart.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10254211 |
|
Type of charge |
|
|
Particular of charge holder |
Citibank N.A, Jeevn Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi – 110001, India Email: roc@sdpa.in |
|
Nature of instrument creating charge |
Deed of modification for Goods Security Agreement. Declaration. |
|
Date of instrument Creating the charge |
19.12.2012 |
|
Amount secured by the charge |
Rs. 78.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction terms and as may be decided by the bank and company mutually from time to time. Terms of Repayment Repayable on demand, annually renewable. Margin Borrower shall at all times during the continuance of the security maintain a sufficient amount to provide the margin of security as may from time to time advised by the bank. Extent and Operation of the charge First exclusive charge on the current assets (including stocks and book debts) and movable fixed assets of the borrower present and future and equitable mortgage on property located at Plot No. 133, Site No. 1, Shankar Road, New Rajinder Nagar, New Delhi- 110060 in favour of Citibank N.A for the repayment of all monies in respect of the credit facility, including outstanding balance and also all interest, costs, charges and expenses. Others |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Current assets (including stocks and book debts) and movable fixed assets of the borrower present and future Equitable mortgage on property located at Plot No. 133, Site No. 1, Shankar Road, New Rajinder Nagar, New Delhi- 110060 |
|
Date of instrument modifying the charge |
12/04/2012 |
|
Particulars of the present modification |
By this modification the overall limit is enhanced from Rs. 58.000 millions to Rs. 78.000 millions and the charge is secured by first exclusive charge on the current assets (including stocks and book debts) and movable fixed assets of the borrower present and future and equitable mortgage on property located at Plot No. 133, Site No. 1, Shankar Road, New Rajinder Nagar, New Delhi- 110060 |
FIXED ASSETS:
Ø
Plot of Land
Ø
Building Under Construction
Ø
Computer and Printers
Ø
Computer Software
Ø
Generator
Ø
Air Conditioner
Ø
Office Equipments
Ø
Furniture and Fixture
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 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
37 |
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.