MIRA INFORM REPORT
|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMITEK SECURITY EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
148, Gautam Marg Kasturba Nagar, Nirman Nagar, Jaipur – 302019,
Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.08.2003 |
|
|
|
|
Com. Reg. No.: |
018530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31907RJ2003PTC018530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRA04807F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA9020D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Supplier of Wireless Alarm,
CCTV Camera, CCTV Systems, public address system, video door system,
attendance system and time machines. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5900 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. It’s scale of
activities are limited. Profitability of the company seems 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 small business dealings 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5
in February, its highest in a year from 51.4 in January. Overall new orders for
factory goods which rose to a one-year high of 54.9 contributed to the surge.
China has emerged as India’s biggest trading partner in the current
financial year replacing the United Arab Emirates and pushing it to the third
spot. India-China trade has reached $49.5 billion with a 8.7 % share in
India’s total trade. The US comes second at $46 billion with 8.1 % share
during the first nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics
Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least
$ 1.2 billion. The Central Bureau of Investigation will look into allegations
that over $80 million was paid in kickbacks in a deal signed in 2011. India has
asked Boeing Co. to find a solution for problems with state-owned Air
India’s 787 Dreamliners. The aircraft has experienced a series of
malfunctions since its debut in 2011.
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 : |
Mr. Ritesh |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-9352254006 |
|
Date : |
03.03.2014 |
LOCATIONS
|
Registered Office : |
148, Gautam Marg Kasturba Nagar, Nirman Nagar, Jaipur – 302019,
Rajasthan, India |
|
Tel. No.: |
91-141-3294871 |
|
Mobile No.: |
91-9352254006 (Mr. Ritesh) 91-9829014487 (Mr. Amit Bharghav) |
|
Fax No.: |
Not available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Amit Bhargava |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
148 Opp Autolite Factory Gautam Marg Kasturba
Nagar Nirman Nagar Jaipur – 302019,
Rajasthan, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.09.1975 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
02104930 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Name : |
Pooja Bhargava |
|||||||||||||||||||||||||||
|
Designation : |
Whole -Time Director |
|||||||||||||||||||||||||||
|
Address : |
148 Kasturba Nagar Goutam Marg Nirman Nagar
Jaipur – 302019, 7 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.08.1980 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
03100591 |
|||||||||||||||||||||||||||
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31907RJ2003PTC018530 |
AMITEK SECURITY
EQUIPMENTS PRIVATE LIMITED |
Whole-time
director |
25/06/2010 |
25/06/2010 |
- |
Active |
NO |
|
2 |
U45201RJ2013PTC043381 |
AMITEK INFRA
PRIVATE LIMITED |
Director |
31/07/2013 |
31/07/2013 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ritesh |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
5,000 |
8.33 |
|
|
54,400 |
90.67 |
|
Tejas Nangunuri |
600 |
1.00 |
|
Total |
60,000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of Wireless Alarm,
CCTV Camera, CCTV Systems, public address system, video door system,
attendance system and time machines. |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Gopal Sharma and Company Chartered Accountants |
|
Address : |
G-2, Golden Place L2, Krishna Marg, C – Scheme, Jaipur –
302001, Rajasthan, India |
|
Tel. No.: |
91-141-2360700 |
|
PAN No.: |
AADFG4061A |
|
Fax No.: |
91-141-2360700 |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs.0.600 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs.0.600 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.600 |
0.600 |
0.600 |
|
(b) Reserves & Surplus |
0.855 |
0.549 |
0.354 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1.455 |
1.149 |
0.954 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.118 |
0.506 |
1.337 |
|
(b) Deferred tax liabilities
(Net) |
0.024 |
0.028 |
0.021 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
4.142 |
0.534 |
1.358 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
16.578 |
13.038 |
13.252 |
|
(c) Other current liabilities |
2.686 |
0.316 |
0.796 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
19.264 |
13.354 |
14.048 |
|
|
|
|
|
|
TOTAL |
24.861 |
15.037 |
16.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.004 |
1.178 |
0.371 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
|
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.406 |
2.913 |
3.390 |
|
(e) Other Non-current assets |
0.001 |
0.002 |
0.003 |
|
Total
Non-Current Assets |
7.411 |
4.093 |
3.764 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6.571 |
1.051 |
1.349 |
|
(c) Trade receivables |
7.010 |
5.951 |
8.676 |
|
(d) Cash and cash equivalents |
1.057 |
1.324 |
0.000 |
|
(e) Short-term loans and
advances |
2.811 |
2.617 |
2.571 |
|
(f) Other current assets |
0.001 |
0.001 |
0.000 |
|
Total
Current Assets |
17.450 |
10.944 |
12.596 |
|
|
|
|
|
|
TOTAL |
24.861 |
15.037 |
16.360 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
33.873 |
12.652 |
13.428 |
|
|
Other Income |
2.746 |
2.493 |
1.921 |
|
|
TOTAL
|
36.619 |
15.145 |
15.349 |
|
|
|
|
|
|
|
Less |
EXPENSES |
36.177 |
14.862 |
15.159 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.442 |
0.283 |
0.190 |
|
|
|
|
|
|
|
Less |
TAX |
0.137 |
0.089 |
0.064 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.305 |
0.194 |
0.126 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.08 |
3.23 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.83
|
1.28 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.30
|
2.24 |
1.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
1.88 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.25 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.83
|
0.44 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91
|
0.82 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.600 |
0.600 |
0.600 |
|
Reserves & Surplus |
0.354 |
0.549 |
0.855 |
|
Net
worth |
0.954 |
1.149 |
1.455 |
|
|
|
|
|
|
long-term borrowings |
1.337 |
0.506 |
4.118 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.337 |
0.506 |
4.118 |
|
Debt/Equity
ratio |
1.401 |
0.440 |
2.830 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
13.428 |
12.652 |
33.873 |
|
|
|
(5.779) |
167.728 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
13.428 |
12.652 |
33.873 |
|
Profit After Tax |
0.126 |
0.194 |
0.305 |
|
|
0.94% |
1.53% |
0.90% |
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 |
Yes |
|
19] |
Payments
terms |
No |
|
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 |
BACKGROUND
The main object of
the company is trading in security equipments. Its installation and providing
after sales services. The company also in road making compound. The place of
business of the company is mainly based in state of Rajasthan
Note :
Registered office of the company has been shifted from No. 148, Gulab
Marg, Kasturba, Nagar, Nirman Nagar, Opt-Auto Light Factory, Jaipur –
302019, Rajasthan, India to the present address w.e.f. 06.03.2004
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10130735 |
14/11/2008 |
2,000,000.00 |
STATE BANK OF
INDIA |
S M E C C C,
SANGANERI GATE, JAIPUR, Rajasthan - |
A51153401 |
Fixed Assets
- Furniture and
Fixture
- Invertor
- Air
Conditioner
- Computer
- Drill
Machines
- Mobile Hand
Set
- Refrigerator
- Motor Cycle
- Laptop
- Motor Car
- Plant and
Machinery
- Office
Equipment
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 records 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.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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 |