|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJDA
INDUSTRIES AND EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
33 A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.05.1992 |
|
|
|
|
Com. Reg. No.: |
21-055436 |
|
|
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|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117WB1992PTC055436 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR02266F |
|
|
|
|
Legal Form : |
Private Limited
Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturers and
Exporters Of Chemical organic and Inorganic, Fine and heavy Chemicals,
Plastic Products, Leather Products and Allied Items. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 460000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
company has a high working capital was exerts pressure on its liquidity
position. Rating also take into consideration the fluctuation in the raw
material prices. The company mainly exports to European countries, which are
facing weak economic condition. However, trade relations are reported to be 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating : A4 |
|
Rating Explanation |
Having minimal degree of safety regarding timely payment of financial
obligation. It carry very high credit risk. |
|
Date |
March 2013 |
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 : |
1702 Chatterjee
Intl’s Centre, 33 A, |
|
Tel. No.: |
91-33-22261916/22261962/3057/3563 |
|
Mobile No.: |
91-9830039656 |
|
Fax No.: |
91-33-22492815 / 22260014 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
70E, |
|
Tel. No.: |
91-33-23282274/4005/0597/2329/4721 |
|
Fax No.: |
91-33-23228224 |
|
|
|
|
Factory 2 : |
141, |
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|
|
|
Factory 3 : |
5/1D,
|
|
Tel. No.: |
91-33-23445077 |
|
Fax No.: |
91-33-23444343 |
|
|
|
|
Factory 4 : |
P. O.
Panarhat, Sector 2, Falta Special Economic Zone, P. S. Diamond Harbour
District 24 Paraganas (South) – 743 504, West Bengal, India |
DIRECTORS
As on : 19.09.2011
|
Name : |
Mr. Narendra Laxmidas Kapadia |
|
Designation : |
Director |
|
Address : |
19 B, |
|
Date of Birth/Age : |
19.01.1947 |
|
Date of Appointment : |
20.01.2000 |
|
Din No : |
00057688 |
|
|
|
|
Name : |
Mr. Gautam Rajda |
|
Designation : |
Additional Director |
|
Address : |
1-B, |
|
Date of Birth/Age : |
21.11.1974 |
|
Date of Appointment : |
09.11.2009 |
|
Din No : |
00624576 |
|
|
|
|
Name : |
Mr. Debabrata lahiri |
|
Designation : |
Alternate Director |
|
Address : |
15, |
|
Date of Birth/Age : |
25.10.1945 |
|
Date of Appointment : |
19.10.2009 |
|
Din No : |
00662953 |
|
|
|
|
Name : |
Mr. Venkateswara Venkat Raman |
|
Designation : |
Whole-Time Director |
|
Address : |
32/3M/1, |
|
Date of Birth/Age : |
19.12.1954 |
|
Qualification : |
M.Com |
|
Experience : |
10 Years |
|
Date of Appointment : |
12.11.2001 |
|
Din No : |
01210389 |
|
|
|
|
Name : |
Mr. Juan Pedro Barrios Urairate |
|
Designation : |
Director |
|
Address : |
26250 |
|
Date of Birth/Age : |
04.05.1964 |
|
Date of Appointment : |
28.01.2000 |
|
Din No : |
02814130 |
|
|
|
|
Name : |
Ms. Arati Rajda |
|
Designation : |
Director |
|
Address : |
5-C
Lovelock Apartment, 1-B, |
|
Date of Appointment : |
25.06.2012 |
|
Din No : |
06364102 |
|
|
|
|
Name : |
Mr. Reinhold Jungmann |
|
Designation : |
Director |
|
Address : |
Jakbornswee 30/11, 22927 |
|
|
03.05.1930 |
|
Date of Appointment : |
17.04.1995 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Paresh Rajda |
311781 |
|
Arati Rajda |
279454 |
|
Megha Rajda |
004465 |
|
Madhuri Rajda |
082605 |
|
Chandrika Seth |
147470 |
|
Suhas Kapadia |
027907 |
|
Narendra Kapadia |
006977 |
|
P P Rajda and Other HUF |
064092 |
|
Narendra Kapadia |
059563 |
|
Monisha Rampal |
002233 |
|
Gautam Rajda |
090511 |
|
Krishan Lal Puri |
353935 |
|
Indradhanush Agencies Private Limited |
053023 |
|
Pinki Mitra |
002326 |
|
Dipak J Gathani |
002326 |
|
Jatish Seth |
002326 |
|
Gulabrai N popat |
000930 |
|
Rajesh P Mehta |
002326 |
|
Geeta G Popat |
001395 |
|
Debrata Lahiri |
001163 |
|
Nausher Ali |
001163 |
|
Praful Desai |
002326 |
|
Jagjeet Singh |
002326 |
|
Reinhold Jungmann |
250865 |
|
V V Raman |
046512 |
|
Hermanos Barrios Uriarte CB |
200000 |
|
Total |
2000000 |
Equity Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
22.54 |
|
Bodies corporate |
2.65 |
|
Directors or relatives of Directors |
73.94 |
|
Other |
0.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and
Exporters Of Chemical organic and Inorganic, Fine and heavy Chemicals,
Plastic Products, Leather Products and Allied Items. |
||||||
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|
||||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Canara Bank, |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
Rs
In Millions
|
|
|
|
|
Auditors : |
|
|
Name : |
P K Khara and Associates Chartered Accountants |
|
Address : |
8/1 Lal, Bazaar Street, |
|
Tel. No.: |
91-33-22482968/40053261 |
|
Mobile No.: |
91-9330180020 |
|
E-Mail : |
|
|
PAN No.: |
ACRK0530E |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs. 10/-each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs. 10/-each |
Rs. 20.000 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 |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
96.407 |
79.823 |
74.806 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
116.407 |
99.823 |
94.806 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
139.457 |
102.648 |
85.253 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
139.457 |
102.648 |
85.253 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.210 |
0.365 |
|
|
|
|
|
|
|
|
TOTAL |
255.864 |
202.681 |
180.424 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
26.570 |
26.273 |
25.041 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
63.169 |
47.066 |
1.763 |
|
|
DEFERRED TAX ASSETS |
0.649 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
223.747
|
208.580 |
148.347 |
|
|
Sundry Debtors |
47.121
|
57.929 |
51.319 |
|
|
Cash & Bank Balances |
3.265
|
8.853 |
48.999 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
26.083
|
31.162 |
62.652 |
|
Total
Current Assets |
300.216
|
306.524 |
311.317 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
126.342
|
170.441 |
106.170 |
|
|
Other Current Liabilities |
6.074
|
4.409 |
4.319 |
|
|
Provisions |
2.324
|
2.332 |
47.208 |
|
Total
Current Liabilities |
134.740
|
177.182 |
157.697 |
|
|
Net Current Assets |
165.476
|
129.342 |
153.620 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
255.864 |
202.681 |
180.424 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
801.854 |
592.408 |
509.214 |
|
|
|
Other Income |
102.124 |
94.574 |
60.828 |
|
|
|
TOTAL (A) |
903.978 |
686.982 |
570.042 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase INCl Manufacturing. Expenses |
735.939 |
572.263 |
450.739 |
|
|
|
Selling and Administration Expenses |
87.669 |
65.425 |
56.545 |
|
|
|
Salary and other Expenses |
19.618 |
19.751 |
19.048 |
|
|
|
TOTAL (B) |
843.226 |
657.439 |
526.332 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.752 |
29.543 |
43.710 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.394 |
14.145 |
7.585 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.358 |
15.398 |
36.125 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.309 |
4.293 |
3.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
29.049 |
11.105 |
32.368 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
10.141 |
3.756 |
10.886 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
18.908 |
7.349 |
21.482 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
79.823 |
74.806 |
62.763 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
2.000 |
2.000 |
2.000 |
|
|
|
Tax on Dividend |
0.324 |
0.332 |
0.339 |
|
|
BALANCE CARRIED
TO THE B/S |
96.407 |
79.823 |
81.906 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.45 |
5.55 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.09
|
1.07 |
3.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.62
|
1.87 |
6.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.89
|
3.33 |
9.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.11 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.20
|
1.03 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
1.73 |
1.97 |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate identity
number of the company |
U24117WB1992PTC055436 |
|
Name of the
company |
RAJDA
INDUSTRIES AND EXPORTERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
33 A, Email
: rajda@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
90251761 |
|
Type of charge |
|
|
Particular of
charge holder |
Canara Bank Limited Email :Kolk0344@canbank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
common hypothecation agreement. Re-deposit of
title deeds. Re-deposit of
title deeds. |
|
Date of
instrument Creating the charge |
02.02.2013 |
|
Amount secured by
the charge |
Rs. 260.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest : Interest as per
Bank's/RBI Guidelines from time to time. Terms of repayment : As per
Bank's Guidelines from time to time. Margin : As per Bank's
Guidelines from time to time. Extent and operation of the charge : By way of First
Charge. Others : PC/PCFC,FDB/FBG(PBLC/NPBLC/ORDER).
Rs.260.000 Millions |
|
Short particulars
of the property charged |
1.
Hypothecation
of Inventories as per stock statement on 3011.2012. And Hypothecation of Plant
and Machinery. And Hypothecation of Book Debts both present and future of the
Company. 2.
Equitable
mortgage of Flat No.A3 Premises No.33A J L Nehru Road, Chatterjee
International Centre 17th Floor, Flat No.3 Kolkata-700071, West Bengal, India
admeasuring 1038 sq.ft. 3.
Equitable
mortgage of Flat No.A3 Premises No.33A J L Nehru Road, Chatterjee
International Centre 17th Floor, Flat No.3 Kolkata-700071, west Bengal, India
admeasuring 1640 sq.ft. |
|
Date of latest
modification prior to the present modification |
17.04.2012 |
|
Particulars of
the present modification |
By this
modification at the request of the borrower the bank has enhanced the overall
credit facilities to Rs.260.000 Millions to the borrower. Other terms and
conditions remain unchanged. |
FIXED ASSETS :
·
Land
·
Office Premises
·
Computer System
·
Office Equipments
·
Furniture and Fixture
·
Plant and Machinery
·
Motor Car and Vehicles
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. 54.21 |
|
|
1 |
Rs. 84.00 |
|
Euro |
1 |
Rs. 70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
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 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.