1. Summary Information
|
Country |
India |
||
|
Company Name |
KINGS INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. Taj Alam |
|
Status |
Moderate |
Principal Name 2 |
Mr. Aishah Bilgrami |
|
Registration # |
20-017344 |
||
|
Street Address |
Sakina Manor, 133/ 243 – B Transport Nagar, Kanpur – 208023, Uttar
Pradesh |
||
|
Established Date |
28.12.1994 |
SIC Code |
-- |
|
Telephone# |
91-512-2615615 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2600253 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Saddlery |
|
|
# of employees |
Not Available |
Product Name 2 |
Harness Goods |
|
Paid up capital |
Rs. 36,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Andhra
Bank |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
India |
Olympia Exports
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
33,638,000 |
Current Liabilities |
41,280,000 |
|
Inventories |
86,441,000 |
Long-term Liabilities |
65,172,000 |
|
Fixed Assets |
44,403,000 |
Other Liabilities |
8,005,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
114,457,000 |
|
Invest& other Assets |
8,521,000 |
Retained Earnings |
22,546,000 |
|
|
|
Net Worth |
58,546,000 |
|
Total Assets |
173,003,000 |
Total Liab. & Equity |
173,003,000 |
|
Total Assets (Previous Year) |
172,107,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
201,761,000 |
Net Profit |
5,542,000 |
|
Sales(Previous yr) |
179,468,000 |
Net Profit(Prev.yr) |
843,000 |
|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KINGS INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Sakina Manor, 133/ 243 – B Transport Nagar, Kanpur – 208023, Uttar
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.12.1994 |
|
|
|
|
Com. Reg. No.: |
20-017344 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199UP1994PLC017344 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Saddlery and Harness Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability at the company has improved but the external
borrowing had seen a huge increase which acts as a threat. However, trade relations are fair. Business is active. Payments are
recorded as slow but correct. The company can be considered normal 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 |
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 / Corporate office : |
Sakina Manor, 133/ 243 – B Transport Nagar, Kanpur – 208023, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2600262/ 2615615 |
|
Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
243, Transport Nagar, |
|
Tel. No.: |
91-512-2600262/ 2615615/ 2606311 |
|
Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
|
|
|
Tannery/ Factory : |
D-13 and D-19, (Site II) UPSIDC, Industrial Area, Unnao – 209801,
India |
|
Tel. No.: |
91-515-2829233/ 2829258/ 2829915 |
|
Fax No.: |
91-515-2829813 |
|
|
|
|
Overseas Office : |
UK Office: 18, Kenton Park Road, Harrow, Middx HA3 8TY |
|
Tel. No.: |
44-20-89070725 |
|
Fax No.: |
44-20-89078544 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Taj Alam |
|
Designation : |
Managing Director |
|
Address : |
“Sakina Manor” 133/ 243 – B, Transport Nagar, Kanpur – 208023, Uttar
Pradesh, India |
|
Date of Birth/Age : |
27.08.1954 |
|
Date of Appointment : |
28.12.1994 |
|
DIN No.: |
00244426 |
|
|
|
|
Name : |
Mr. Aishah Bilgrami |
|
Designation : |
Whole-time director |
|
Address : |
“Sakina Manor” 133/ 243 – B, Transport Nagar, Kanpur – 208023, Uttar
Pradesh, India |
|
Date of Appointment : |
28.12.1994 |
|
DIN No.: |
00244527 |
|
|
|
|
Name : |
Mr. Saif Taj |
|
Designation : |
Whole-time director |
|
Address : |
“Sakina Manor” 133/ 243 – B, Transport Nagar, Kanpur – 208023, Uttar
Pradesh, India |
|
Date of Birth/Age : |
09.10.1981 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00244699 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Taj Alam |
|
2884600 |
|
Aishah Bilgrami |
|
100000 |
|
Tanveer Alam |
|
100 |
|
Khalda Taj |
|
100000 |
|
Sabnam Khalid |
|
100 |
|
Azra Tariq |
|
15200 |
|
Saif Taj |
|
400000 |
|
Ufra Azeem |
|
100000 |
|
Total |
|
3600000 |
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 : |
Manufacturer, Exporter of Saddlery and Harness Goods. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tannery |
Hides/pcs |
60000 |
60000 |
17644 |
|
Saddlery |
Pcs/ prs/ Set |
NA |
NA |
246557 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Andhra Bank Limited, 16/116, Civil Lines, Kanpur – 208001, Uttar Pradesh, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khamesra Bhatia and Mehrotra Chartered Accountants |
|
Address : |
117/22, 1st Floor, Sarvodaya Nagar, Kanpur – 208005, Uttar Pradesh,
India |
|
Tel No.: |
91-512-2212863 |
|
Email : |
|
|
PAN No.: |
AFJPS0920B |
|
|
|
|
Related Parties: |
|
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3600000 |
Equity Shares |
Rs.10/- each |
Rs. 36.000
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 |
36.000 |
36.000 |
36.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.546 |
16.483 |
15.640 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
58.546 |
52.483 |
51.640 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
64.488 |
60.534 |
51.366 |
|
|
2] Unsecured Loans |
0.684 |
0.684 |
0.684 |
|
|
3] Deferred Creditors |
0.000 |
3.059 |
3.059 |
|
|
TOTAL BORROWING |
65.172 |
64.277 |
55.109 |
|
|
DEFERRED TAX LIABILITIES |
1.855 |
1.946 |
1.970 |
|
|
|
|
|
|
|
|
TOTAL |
125.573 |
118.706 |
108.719 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.403 |
40.598 |
33.712 |
|
|
Capital work-in-progress |
7.740 |
5.173 |
5.933 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.781 |
0.982 |
0.859 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
86.441
|
94.264
|
82.847 |
|
|
Trade receivable |
21.376
|
14.584
|
10.524 |
|
|
Cash & Bank Balances |
2.099
|
2.081
|
7.305 |
|
|
Other Current Assets |
8.674
|
5.889
|
2.209 |
|
|
Loans & Advances |
1.489
|
8.494
|
7.782 |
|
Total
Current Assets |
120.079
|
125.312 |
110.667 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.640
|
44.935
|
34.607 |
|
|
Other Current Liabilities |
16.640
|
0.909
|
2.789 |
|
|
Provisions |
6.150
|
7.558
|
5.170 |
|
Total
Current Liabilities |
47.430
|
53.402 |
42.566 |
|
|
Net Current Assets |
72.649
|
71.910 |
68.101 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.043 |
0.114 |
|
|
|
|
|
|
|
|
TOTAL |
125.573 |
118.706 |
108.719 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
201.761 |
162.645 |
125.748 |
|
|
|
Other Income |
0.096 |
17.046 |
9.580 |
|
|
|
TOTAL (A) |
201.857 |
179.691 |
135.328 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
107.911 |
119.115 |
94.526 |
|
|
|
Manufacturing Expenses |
-- |
28.550 |
16.992 |
|
|
|
Payment to and Provisions For Employees |
-- |
10.857 |
10.857 |
|
|
|
Administrative Expenses |
-- |
9.871 |
9.328 |
|
|
|
Selling and Distribution Expenses |
-- |
14.277 |
11.667 |
|
|
|
Increase / (Decrease) in stock |
-- |
(17.510) |
(18.047) |
|
|
|
Changes in inventories of finished goods work-in-progress |
7.837 |
-- |
-- |
|
|
|
Employee benefit expenses |
31.670 |
-- |
-- |
|
|
|
Other expenses |
33.497 |
-- |
-- |
|
|
|
Prior year adjustments |
0.467 |
-- |
-- |
|
|
|
TOTAL (B) |
181.382 |
168.130 |
125.323 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.475 |
11.561 |
10.005 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.645 |
5.540 |
4.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.830 |
6.02 |
5.827 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.379 |
4.296 |
4.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.451 |
1.725 |
1.451 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.909 |
0.882 |
0.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.542 |
0.843 |
1.194 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.918 |
12.075 |
10.881 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.460 |
12.918 |
12.075 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
180.979 |
150.631 |
103.563 |
|
|
|
TOTAL EARNINGS |
180.979 |
150.631 |
103.563 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Spares Parts |
8.020 |
6.526 |
9.555 |
|
|
|
Capital Goods |
0.000 |
1.208 |
0.000 |
|
|
TOTAL IMPORTS |
8.020 |
7.734 |
9.555 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
|
Basic |
1.54 |
0.23 |
NA |
|
|
|
Diluted |
1.76 |
0.23 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.74 |
0.47
|
0.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.19 |
1.06
|
1.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.13 |
1.38
|
1.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.03
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.11 |
1.22
|
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.53 |
2.35
|
2.60 |
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 |
No |
|
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
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advance from related |
0.679 |
0.679 |
|
Loans and advance from others |
0.005 |
0.005 |
|
|
|
|
|
Total |
0.684 |
0.684 |
OPERATIONAL REVIEW
During the year the company achieved a turnover of Rs 201.762 millions as against Rs. 179.468 millions in the previous year. The company has recorded a net profit after tax of Rs.5.542 millions during the year. Barring unforeseen circumstances, your directors are confident of a satisfactory performance during the current year.
FIXED ASSETS
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. 56.24 |
|
|
1 |
Rs. 84.53 |
|
Euro |
1 |
Rs. 71.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
33 |
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.