1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
UV PRINTERS INDIA PRIVATE LIMITED |
Principal Name 1 |
KIRTI VIJAY SHARMA |
|
Status |
MODERATE |
Principal Name 2 |
MS. PREETI KHURANA |
|
Registration # |
55-191214 |
||
|
Street Address |
B-3/3, JANAK PURI, NEW DELHI – 110 058 |
||
|
Established Date |
15.06.2009 |
SIC Code |
-- |
|
Telephone# |
NOT AVAILABLE |
Business Style 1 |
TRADING |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
-- |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
WIDE FORMAT INKJET PRINTING MACHINES |
|
# of employees |
10 (APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
STATE BANK OF TRAVANCORE |
|
Public Limited Corp. |
NO |
Business Period |
4 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (28) |
|
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 |
40,785,000
|
Current Liabilities |
43,987,000
|
|
Inventories |
4,028,000
|
Long-term Liabilities |
407,000 |
|
Fixed Assets |
1,189,000 |
Other Liabilities |
380,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
44,774,000 |
|
Invest& other Assets |
103,000 |
Retained Earnings |
1,231,000 |
|
|
|
Net Worth |
1,331,000 |
|
Total Assets |
46,105,000 |
Total Liab. & Equity |
46,105,000 |
|
Total Assets (Previous Year) |
26,141,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
59,576,000 |
Net Profit |
450,000 |
|
Sales(Previous yr) |
70,681,000 |
Net Profit(Prev.yr) |
423,000 |
|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
UV PRINTERS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3/3, Janak Puri, New Delhi – 110 058 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
15.06.2009 |
|
|
|
|
Com. Reg. No.: |
55-191214 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U2929DL2009PTC191214 |
|
|
|
|
TIN No.: |
07420366319 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU0920B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Wide Format Inkjet Printing Machines. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
financial strength of the company appears to be moderate. There appears some dip
in the turnover during 2012. Profitability of the company appears to be low. 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) |
|
|
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.
LOCATIONS
|
Registered Office : |
B-3/3, Janak Puri, New Delhi – 110 058, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9650012990 (Mr. Mohan-Manager) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
WZ-19 E, Nangli Jalib, B-1 Block, Janakpuri, New Delhi – 110 058,
India |
|
Tel No.: |
91-11-47312000/ 47312011/ 25512203/ 47312010/ 41071044 |
|
Fax No.: |
91-11-47312010 |
DIRECTORS
As on 28.09.2012
|
Name : |
Kirti Vijay Sharma |
|
Designation : |
Director |
|
Address : |
B-3/3, Janak Puri, New Delhi – 110 058, India |
|
Date of Birth/Age : |
14.08.1962 |
|
Date of Appointment : |
15.06.2009 |
|
DIN No.: |
00047702 |
|
|
|
|
Name : |
Ms. Preeti Khurana |
|
Designation : |
Director |
|
Address : |
B-3/3, Janak Puri, New Delhi – 110 058, India |
|
Date of Birth/Age : |
07.03.1969 |
|
Date of Appointment : |
15.06.2009 |
|
DIN No.: |
02624963 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kirti Vijay Sharma |
5000 |
|
Preeti Khurana |
5000 |
|
Total
|
10000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Wide Format Inkjet Printing Machines. |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agarwal Seth and Company Chartered Accountants |
|
Address : |
212A, Ocean Plaza, Sector- 18, Noida – 201 301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3052800/ 900 |
|
Fax No.: |
91-120-2510589 |
|
E-Mail : |
|
|
PAN No.: |
AAGFV1816M |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity |
Rs.10/- each |
Rs.0.200
Million |
|
|
|
|
|
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.231 |
0.781 |
0.357 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.331 |
0.881 |
0.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.407 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
5.761 |
0.513 |
|
|
TOTAL BORROWING |
0.407 |
5.761 |
0.513 |
|
|
DEFERRED TAX LIABILITIES |
0.060 |
0.022 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
1.798 |
6.664 |
0.974 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.189 |
0.426 |
0.140 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.103 |
0.045 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.028
|
2.696
|
3.858 |
|
|
Sundry Debtors |
18.373
|
14.048
|
2.696 |
|
|
Cash & Bank Balances |
19.900
|
6.707
|
0.042 |
|
|
Other Current Assets |
2.512
|
2.109
|
2.681 |
|
|
Loans & Advances |
0.000
|
0.094
|
0.018 |
|
Total
Current Assets |
44.813
|
25.654
|
9.295 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.348
|
14.712
|
6.321 |
|
|
Other Current Liabilities |
7.639
|
4.500
|
2.001 |
|
|
Provisions |
0.320
|
0.265
|
0.160 |
|
Total
Current Liabilities |
44.307
|
19.477
|
8.482 |
|
|
Net Current Assets |
0.506
|
6.177
|
0.813 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.016 |
0.021 |
|
|
|
|
|
|
|
|
TOTAL |
1.798 |
6.664 |
0.974 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
59.576 |
70.681 |
17.309 |
|
|
|
Other Income |
0.726 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
60.302 |
70.681 |
17.309 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
47.675 |
59.319 |
18.575 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(1.332) |
1.162 |
(3.858) |
|
|
|
Employee Benefit Expense |
5.289 |
-- |
-- |
|
|
|
Operating Expenses |
0.300 |
-- |
-- |
|
|
|
Other Expenses |
7.259 |
-- |
-- |
|
|
|
Octroi and stores Consumed |
-- |
0.356 |
0.230 |
|
|
|
Freight and Cartage |
-- |
0.571 |
0.065 |
|
|
|
Salary and Staff Welfare |
-- |
2.469 |
0.372 |
|
|
|
Rent |
-- |
0.410 |
0.198 |
|
|
|
Electricity |
-- |
0.098 |
0.002 |
|
|
|
Telephone and Internet |
-- |
0.187 |
0.042 |
|
|
|
Travelling Expenses |
-- |
1.471 |
0.425 |
|
|
|
Advertisement and Exhibition |
-- |
2.707 |
0.506 |
|
|
|
Repair and Maintenance of Building and other assets |
-- |
0.431 |
0.122 |
|
|
|
Legal and Professional |
-- |
0.118 |
0.027 |
|
|
|
Audit Fees |
-- |
0.022 |
0.022 |
|
|
|
Printing and Stationery |
-- |
0.171 |
0.015 |
|
|
|
Discounts and Rebate |
-- |
0.133 |
0.000 |
|
|
|
Insurance |
-- |
0.032 |
0.007 |
|
|
|
Preliminary Expenses written off |
-- |
0.005 |
0.005 |
|
|
|
Office Expenses |
-- |
0.146 |
0.000 |
|
|
|
Miscellaneous Expense |
-- |
0.087 |
0.018 |
|
|
|
TOTAL (B) |
59.191 |
69.895 |
16.773 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.111 |
0.786 |
0.536 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.159 |
0.059 |
0.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.952 |
0.727 |
0.524 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.144 |
0.020 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.808 |
0.707 |
0.522 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.358 |
0.284 |
0.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
0.450 |
0.423 |
0.357 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
12.723 |
23.352 |
11.351 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.01 |
42.30 |
35.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.75
|
0.60 |
2.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.36
|
1.00 |
3.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.76
|
2.71 |
5.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61
|
0.80 |
1.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.31
|
6.54 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
1.32 |
1.09 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
Unsecured Loan |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
|
Loans from Directors/ Shareholders |
0.000 |
5.761 |
|
Total |
0.000 |
5.761 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U2929DL2009PTC191214 |
|
Name of the company |
UV PRINTERS INDIA PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
B-3/3, Janak Puri, New Delhi – 110 058, India E-Mail: kirti@uvprinter.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property (not being pledge) Others (Stock) |
|
Particular of charge holder |
State Bank of
Travancore, B-1/517C, Janakpuri, New Delhi – 110 058, India E-Mail: janakpuri@sbt.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
1. Agreement of Loan for Overall Working
Capital Limit. 2. Agreement of Hypothecation of Goods and
Assets. 3. Agreement of Pledge of Goods and
Assets. 4. Letter Regarding the Grant of
Individual Limits within the Overall Working Capital Limit. 5. Deed of Guarantee for Overall working
Capital Limit. 6. Sanction Letter dated 27.11.2012. |
|
Date of instrument Creating the charge |
30.11.2012 |
|
Amount secured by the charge |
Rs.25.000 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: CC-2.5% above SBT Base Rate i.e. 12.75% p.a.
on monthly rests (concession for one year as per SME circular 48/2012. Terms of Repayment: Repayable on demand. Margin: CC-Raw material, SIP, FG-25% and
receivables (Cover 90 days)-40% LC (Foreign)-25% Extent and Operation of the charge: Hypothecation of Stock, Accessories
consumable spares and receivables and other current assets of the Company. |
|
Short particulars of the property charged |
Stock Comprising of UV Printers,
Accessories consumable spares and receivables and other current assets of the
Company |
FIXED ASSETS:
·
Office Equipment
·
Plant and Machinery
·
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.53.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--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 |
|
28 |
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.