MIRA
INFORM REPORT
|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLTECH TECHNOCAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 10, Plot No.1, Behind Tip Top Forging, Shaper (varval) Taluka Kotda Sangani, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
Date of Incorporation : |
28.04.2004 |
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Com. Reg. No.: |
04-44058 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.500 Millions |
|
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|
|
CIN No.: [Company
Identification No.] |
U27105GJ2004PTC044058 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RKTA01436B |
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|
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PAN No.: [Permanent
Account No.] |
AAECA8574G |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business : |
Manufacturer and Exporter of all types of Stainless
Steel Alloys and Steel Investment Casting Products. |
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|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. There appears dip in profitability of the company during the financial
year 2012. However, general financial of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion
to the latest quarter from $ 16.9 billion in the corresponding quarter of the
previous financial year. The government aims to bring down CAD to 3.7 % or $ 70
billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million Estimated
average spending by companies across the globe including India, on social media
this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million
in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali
expenditure by 40 % and on average spend nearly 25 % of their monthly salary on
Diwali, according to a survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 (GENERAL DETAILS)
|
Name : |
Mr. Sureshbhai Chhaganbhai
Savsani |
|
Designation : |
Director |
|
Contact No.: |
91-9825366630 |
|
Date : |
23.10.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 10, Plot No.1, Behind Tip Top Forging, Shaper (varval) Taluka Kotda Sangani, |
|
Tel. No.: |
91-2827-252240/ 252440 |
|
Mobile No.: |
91-9825366630 (Mr. Sureshbhai Chhaganbhai Savsani) |
|
Fax No.: |
91-2827-252440 |
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E-Mail : |
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|
Website : |
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|
Area: |
600 sq.mtr. |
|
Location: |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mukeshbhai Parsottamdas
Kyada |
|
Designation : |
Director |
|
Address : |
Vallabhnagar Society,Jetpur
road, Gondal, |
|
Date of Appointment : |
01.09.2004 |
|
DIN No.: |
00430991 |
|
|
|
|
Name : |
Mr. Sureshbhai Chhaganbhai
Savsani |
|
Designation : |
Director |
|
Address : |
2, Sarmabhakti Com., 1, Ambaji
Kadva Plot, Bhd. PDM
College, Rajkot, Gujarat, India |
|
Date of Appointment : |
18.01.2006 |
|
DIN No.: |
00431064 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mukeshbhai Parsottambhai Kyada |
|
52350 |
|
Sureshbhai Nanjibhai Vadodariya |
|
68250 |
|
Arunaben Ashokbhai Vora |
|
34900 |
|
Yagnikbhai B. Vaghasiya |
|
58150 |
|
Geetaben Dharmendrabhai Tilara |
|
270800 |
|
Sureshbhai Chhagnbhai Savsani |
|
64000 |
|
Rajnikant N. Vadodariya |
|
1550 |
|
|
|
|
|
Total |
|
550000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.000 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of all types of Stainless
Steel Alloys and Steel Investment Casting Products. |
|
|
|
|
Products : |
·
Investment Casting ·
Valves ·
Automobiles ·
Pumps · General Engineering Components |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
USA ·
Italy ·
France ·
Sweden ·
Netherlands ·
UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers: |
·
A.K. Enterprise ·
Amrut Info Print Private Limited ·
Anil Traders ·
Anupama Steel ·
Balaji Machinery
Traders ·
Bhansali Steel
Corporation ·
Bharat Dyes Agency ·
Bharat Oil Company ·
Bhavnagar Refractories and Ceramic ·
Brahmani Industries ·
Castech Abrasive |
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Customers : |
End Users |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Bank of India, Malviya Road Branch,
Rajkot-360001, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R.P.C. and Company Chartered Accountants |
|
Address : |
203-204, Race Course Plaza, Near Excise Custom Building, Race Course
Ring Road, Rajkot – 360001, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFR1869F |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
550000 |
Equity Shares |
Rs.10/- each |
Rs. 5.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.500 |
5.500 |
|
(b) Reserves & Surplus |
|
9.438 |
7.256 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
14.938 |
12.756 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
18.577 |
17.643 |
|
(b) Deferred tax liabilities (Net) |
|
2.128 |
1.734 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
20.705 |
19.377 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
18.426 |
14.727 |
|
(b) Trade payables |
|
6.584 |
7.382 |
|
(c) Other current
liabilities |
|
15.219 |
8.336 |
|
(d) Short-term provisions |
|
1.595 |
1.356 |
|
Total Current Liabilities (4) |
|
41.824 |
31.801 |
|
|
|
|
|
|
TOTAL |
|
77.467 |
63.934 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
24.952 |
21.084 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.177 |
0.676 |
|
(e) Other Non-current assets |
|
0.314 |
0.000 |
|
Total Non-Current Assets |
|
26.443 |
21.760 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
14.047 |
13.580 |
|
(c) Trade receivables |
|
25.068 |
20.224 |
|
(d) Cash and cash
equivalents |
|
0.263 |
0.517 |
|
(e) Short-term loans and
advances |
|
10.682 |
6.875 |
|
(f) Other current assets |
|
0.964 |
0.978 |
|
Total Current Assets |
|
51.024 |
42.174 |
|
|
|
|
|
|
TOTAL |
|
77.467 |
63.934 |
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.500 |
|
|
2] Share Application Money |
|
|
4.000 |
|
|
3] Reserves & Surplus |
|
|
1.610 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
10.110 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
13.319 |
|
|
2] Unsecured Loans |
|
|
13.842 |
|
|
TOTAL BORROWING |
|
|
27.161 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.963 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.234 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
20.639 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.745
|
|
|
Sundry Debtors |
|
|
12.355
|
|
|
Cash & Bank Balances |
|
|
0.713
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
8.127
|
|
Total
Current Assets |
|
|
32.940
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
10.783
|
|
|
Other Current Liabilities |
|
|
0.412
|
|
|
Provisions |
|
|
4.150
|
|
Total
Current Liabilities |
|
|
15.345
|
|
|
Net Current Assets |
|
|
17.595
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
96.960 |
75.280 |
67.243 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
89.545 |
67.592 |
63.284 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.415 |
7.688 |
3.959 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.435 |
2.187 |
2.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.980 |
5.501 |
1.882 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.680 |
1.500 |
1.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.300 |
4.001 |
0.639 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.190 |
1.344 |
0.310 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.110 |
2.657 |
0.329 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Exports at FOB Value |
42.846 |
31.569 |
15.771 |
|
|
TOTAL EARNINGS |
42.846 |
31.569 |
15.771 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.84 |
5.29 |
5.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.18
|
3.53 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.26
|
6.29 |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.31 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.48
|
2.54 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.33 |
2.15 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
OPERATIONS
Period ended on March 31, 2012 was the eighth year of the company.
Company’s performance was good during the year. Management sees good prospect
for the company in the coming years and so, there is positive prospect for the
company also.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10233492 |
18/08/2011 * |
22,725,000.00 |
BANK OF BARODA |
MAIN BRANCH, M.G. ROAD, RAJKOT, GUJARAT -
360001 |
B19658095 |
Note: * Date of charge modification
FIXED ASSETS
·
Furniture
·
Buildings
·
Plant and Machinery
·
Vehicles
·
Computer
·
Electrification
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.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.