MIRA
INFORM REPORT
|
Report Date : |
04.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
R. K. ASSOCIATES |
|
|
|
|
Registered
Office : |
C-6, 2nd Floor, Silver Spring, Opposite Phoenix Mall,
L.B.S. Marg, Kurla (West), Mumbai – 400070, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014
(Provisional) |
|
|
|
|
Year of
Establishment : |
2000 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.498 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AMCPK9556H |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Providing due diligence reports to the banking society, corporate etc.
|
|
|
|
|
No. of Employees
: |
12 (Approximately) (Office – 2 and Factory – 10) |
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 |
|
Status : |
Small Business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its
field. Its scale of activities are limited. The company possesses an
acceptable financial profile marked by adequate capital and asset base along
with comfortable capital structure with zero debt. Management has reported an
increase in its revenue as well as net profit during FY13. Moreover, the provisional
financial statements of FY14 state that the management has reported a dip in
its recovery charges. However, the ratings also take
into consideration, the potential market which can be tapped, owing to
prevailing uncertainties and financially strapped market conditions. Trade relations are fair. Business
is active. Payment terms are reported as slow but correct.
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes that many things such as apartment
sales, luxury products, etc. were largely bought with dirty money. And it is
now beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 %! Equities came in second with annualized
return of 15.5 %! However, while these returns may seem mouthwatering, the fact
is that the return from equities adjusted for inflation came down to just 7.1
%.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Ramesh Narayan Kurhade |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9820479713 |
|
Date : |
31.07.2014 |
LOCATIONS
|
Registered Office : |
C-6, 2nd Floor, Silver Spring, Opposite Phoenix Mall, L.B.S.
Marg, Kurla (West), Mumbai – 400070, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820479713/ 9322088413 (Mr.
Ramesh Narayan Kurhade) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
318 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
19, Jai Mataji Society, Peru Baug Compound, Asalpha Village Link Road,
Ghatkopar (West), Mumbai – 400084, Maharashtra, India |
|
Area : |
200 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Ramesh Narayan Kurhade |
|
Designation : |
Proprietor |
|
Address : |
C-6, 2nd Floor, Silver Spring, Opposite Phoenix Mall, L.
B.S. Marg, Kurla (West), Mumbai – 400070, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1961 |
|
Qualification : |
M.A., B.Ed. |
|
Experience : |
14 years |
BUSINESS DETAILS
|
Line of Business : |
Providing due diligence reports to the banking society, corporate etc.
|
GENERAL INFORMATION
|
No. of Employees : |
12 (Approximately) (Office – 2 and Factory – 10) |
|
|
|
|
Bankers : |
· State Bank of India Kurla (West), Mumbai – 400070, Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K S M Londhe and Associates Chartered Accountants |
|
Address : |
B-1, Sukhsagar Society, Near Sapna Maternity, Laxmi Narayan Mandir
Road, Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel No.: |
91-22-65052212 |
|
Email : |
CAPITAL STRUCTURE
(PROVISIONAL
CAPITAL ACCOUNT AS ON 31.03.2014)
(RS. IN MILLIONS)
|
Particulars |
Amount |
Particulars |
Amount |
|
To LIC Paid |
0.006 |
By Balance B/d |
1.249 |
|
To Flat
Maintenance |
0.007 |
By Business Income Net profit transferred from Profit and
Loss A/c |
0.413 |
|
To Education
Fees |
0.046 |
By Income from other sources |
|
|
To Indus Health
Insurance |
0.017 |
-Rent Income |
0.075 |
|
To Donation |
0.005 |
-F/D Interests |
0.049 |
|
To TDS on
Collection Charges |
0.071 |
-Dividend Income |
0.000 |
|
To Drawings A/c |
0.136 |
|
|
|
To Balance C/f |
1.498 |
|
|
|
|
|
|
|
|
Total |
1.786 |
Total
|
1.786 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[All figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.498 |
1.249 |
1.041 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.498 |
1.249 |
1.041 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.498 |
1.249 |
1.041 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.770 |
0.785 |
0.699 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.196 |
0.196 |
0.198 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.548
|
0.481 |
0.105 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances and Deposit |
0.350
|
0.350 |
0.229 |
|
Total
Current Assets |
0.898
|
0.831 |
0.334 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor and Other Current Liabilities |
0.366
|
0.563 |
0.190 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.366
|
0.563 |
0.190 |
|
|
Net Current Assets |
0.532
|
0.268 |
0.144 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.498 |
1.249 |
1.041 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Loan recovery charges received during the
year |
1.470 |
2.161 |
0.771 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
1.470 |
2.161 |
0.771 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Salary and Service
Charges |
0.542 |
0.468 |
0.361 |
|
|
|
Daily Wages |
0.215 |
0.841 |
0.000 |
|
|
|
Bank Charges |
0.005 |
0.002 |
0.000 |
|
|
|
Services Tax |
0.133 |
0.242 |
0.073 |
|
|
|
Conveyance A/c |
0.022 |
0.025 |
0.019 |
|
|
|
Staff Welfare A/c |
0.021 |
0.020 |
0.022 |
|
|
|
Sundry Expenses |
0.030 |
0.027 |
0.022 |
|
|
|
Tele and Mobile charges |
0.016 |
0.009 |
0.007 |
|
|
|
Maintance |
0.017 |
0.001 |
0.001 |
|
|
|
Printing and Stationery |
0.002 |
0.002 |
0.002 |
|
|
|
Electricity Charges |
0.025 |
0.020 |
0.017 |
|
|
|
Legal Fees |
0.000 |
0.000 |
0.005 |
|
|
|
Professional Fees |
0.015 |
0.014 |
0.011 |
|
|
|
TOTAL |
1.043 |
1.671 |
0.540 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.427 |
0.490 |
0.231 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.014 |
0.002 |
0.003 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.413 |
0.488 |
0.228 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
28.10 |
22.58 |
29.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
28.10 |
22.58 |
29.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.76 |
30.20 |
22.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.39 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45 |
1.48 |
1.76 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.041 |
1.249 |
1.498 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.041 |
1.249 |
1.498 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Loan
recovery charges received during the year |
0.771 |
2.161 |
1.470 |
|
|
|
180.285 |
(31.976) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Loan
recovery charges received during the year |
0.771 |
2.161 |
1.470 |
|
Profit |
0.228 |
0.488 |
0.413 |
|
|
29.57% |
22.58% |
28.10% |
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 |
Yes |
|
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 |
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
Particulars |
2014-15 |
|
|
A] Business Income |
|
|
|
Net Profit as per |
|
|
|
Profit and Loss A/c |
0.413 |
0.413 |
|
|
|
|
|
B] Income From House Property |
|
|
|
* Rent Income |
|
|
|
Rent Income Received from during the
year |
0.075 |
|
|
|
|
|
|
Less: 1/4th Repair and Collection
Charges |
0.023 |
0.052 |
|
|
|
|
|
C] Income from Other sources |
|
|
|
* Bank Interests |
|
|
|
Interests received on FD A/c |
0.049 |
0.049 |
|
|
|
|
|
GROSS TOTAL
INCOME |
|
0.514 |
|
|
|
|
|
Less: Deduction under chapter VI-A: |
|
|
|
Deduction u/s 80-C:- |
|
|
|
L.I.P. Paid |
0.006 |
|
|
Indus Health Insurance |
0.017 |
|
|
Education Fees |
0.046 |
|
|
|
0.069 |
0.069 |
|
|
|
|
|
Net Taxable
Income |
|
0.445 |
|
|
|
|
|
Rounded Off to |
|
0.445 |
|
|
|
|
|
Income Tax
payable as per return |
|
0.023 |
|
|
|
|
|
Add: Education
Cess @ 3% on Rs.0.023 |
|
0.001 |
|
|
|
|
|
Total Tax
Payable |
|
0.023 |
|
|
|
|
|
Less: Tax
deducted at Source from the Loan recovery charges made by |
0.071 |
0.071 |
|
|
|
|
|
Net Tax Refundable |
|
0.047 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Bharat Shantaram Prabhu
202, B Wing, Ram Zaroka CHS., Asalfa Village, Bhatwadi, Mumbai – 400084, Maharashtra, India
Contact No.: 91-8879660205
· Amol Vilas Hande
2/4, Sai Shraddha Co-operative CHS., Manpada Road, Sagaon, Dombivali (East), Thane – 421201, Maharashtra, India
Contact No.: 91-9867876117
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.60.85 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.