MIRA
INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TELE BUILD CONSTRUCTION PRIVATE LIMITED |
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Registered
Office : |
G-44, Gokul Nagar – II, Near |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.11.1996 |
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Com. Reg. No.: |
11-103743 |
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Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
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CIN No.: [Company Identification
No.] |
U45200MH1996PTC103743 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT11090C |
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PAN No.: [Permanent Account No.] |
AAACT5625P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Contraction Activities. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 satisfactory track record. There seems sharp dip in the turnover and profit of the company during
Financial Year 2014 however net worth of the company is satisfactory. General
financial position of the company is normal and acceptable for business
dealing. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct.
The company can be considered normal for 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Neeraj |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-28841568/ 28853039/ 28462662/ 28860890 |
|
Date : |
08.12.2014 |
LOCATIONS
|
Registered Office : |
Shop No 44 Gokul Nagar No 2 Western Express Highway, Dattani Park
Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-28841568/ 28853039/ 28462662/ 28860890 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.9.2014
|
Name : |
Mr. Anshul Hiramani Pandey |
|
Designation : |
Director |
|
Address : |
603, Gayatri Enclave, Near Thakur Polytechnic College, 90ft Road,
Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
04.05.1978 |
|
Date of Appointment : |
04.11.1996 |
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DIN No.: |
01450321 |
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|
Name : |
Mr. Hiramani Premchand Pandey |
|
Designation : |
Director |
|
Address : |
603, Gayatri Enclave, Near Thakur Polytechnic College, 90ft Road,
Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1951 |
|
Date of Appointment : |
06.05.2000 |
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DIN No.: |
01562891 |
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|
Name : |
Mr. Ashokkumar Premchand Pandey |
|
Designation : |
Director |
|
Address : |
Flat no. 1202, Bulns Sagar Garden, L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharshtra, India |
|
Date of Birth/Age : |
02.11.1962 |
|
Date of Appointment : |
14.11.1996 |
|
DIN No.: |
03272871 |
|
|
|
|
Name : |
Mr. Dinesh Premchand Pandey |
|
Designation : |
Director |
|
Address : |
603, Gayatri Enclave, Near Thakur Polytechnic College, 90ft Road, Kandivali
(East), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
02.12.2010 |
|
DIN No.: |
03295776 |
KEY EXECUTIVES
|
Name : |
Mr. Neeraj |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.9.2014
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Mr. Hiramani Premchand Pandey |
120000 |
80.00 |
|
Mr. Anshul Hiramani Pandey |
5000 |
3.33 |
|
Mr. Ashokkumar Premchand Pandey |
10000 |
6.67 |
|
Mr. Dinesh Premchand Pandey |
5000 |
3.33 |
|
Ms. Munni Hiramaci Pandey |
10000 |
6.67 |
|
Total |
150000 |
100.00 |
As on 30.9.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Contraction Activities. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Karnataka Bank Limited, Gayatri Corner, Asha
Nagar, 90' Road, Opposite Thakur Polytechnic, Thakur Complex, Kandivali
(East), Mumbai - 400101, Maharashtra, India ·
Vijaya Bank,Thakur Village Branch, Gayatri Satsang
Building, Thakur Village, Kandivali (East), Mumbai - 400101, Maharashtra,
India |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
R. K. Somani and Associates Chartered Accountant |
|
Address : |
G-54, Dreams The Mall Gate No.3, LBS Marg, Bhandup(West), Mumbai –
400078, Maharashtra, India |
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PAN No.: |
AAVPS1048P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.9.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/-
each |
Rs. 15.000
Millions |
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|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
116.086 |
108.232 |
97.808 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
131.086 |
123.232 |
112.808 |
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|
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(3)
Non-Current Liabilities |
|
|
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|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
299.662 |
378.176 |
533.409 |
|
(b) Trade payables |
98.749 |
20.352 |
87.508 |
|
(c) Other current
liabilities |
85.024 |
116.050 |
118.254 |
|
(d) Short-term provisions |
7.140 |
82.934 |
73.236 |
|
Total Current Liabilities (4) |
490.575 |
597.512 |
812.407 |
|
|
|
|
|
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TOTAL |
621.661 |
720.744 |
925.215 |
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II.
ASSETS |
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|
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|
(1) Non-current assets |
|
|
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|
(a) Fixed Assets |
|
|
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|
(i) Tangible assets |
31.738 |
31.824 |
32.505 |
|
(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 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.708 |
|
(c) Deferred tax assets (net) |
0.022 |
0.016 |
0.000 |
|
(d) Long-term Loan and Advances |
143.409 |
135.595 |
170.677 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
175.169 |
167.435 |
203.890 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
384.462 |
415.053 |
676.014 |
|
(c) Trade receivables |
55.066 |
57.586 |
23.407 |
|
(d) Cash and cash
equivalents |
1.522 |
73.584 |
6.819 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
5.442 |
7.086 |
15.085 |
|
Total Current Assets |
446.492 |
553.309 |
721.325 |
|
|
|
|
|
|
TOTAL |
621.661 |
720.744 |
925.215 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
244.427 |
814.442 |
622.627 |
|
|
|
Other Income |
10.097 |
24.898 |
18.880 |
|
|
|
TOTAL |
254.524 |
839.340 |
641.507 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Decrease in Inventories |
30.590 |
260.962 |
37.500 |
|
|
|
Operating Expenses |
178.087 |
498.423 |
526.859 |
|
|
|
Administrative and General Expenses |
33.048 |
47.909 |
47.647 |
|
|
|
TOTAL |
241.725 |
807.294 |
612.006 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.799 |
32.046 |
29.501 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.496 |
0.569 |
0.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.303 |
31.477 |
28.647 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.449 |
12.972 |
9.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.854 |
18.505 |
18.829 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
52.36 |
123.36 |
125.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.21 |
2.27 |
3.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.98 |
4.37 |
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.26 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.29 |
3.07 |
4.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.93 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
97.808 |
108.232 |
116.086 |
|
Net
worth |
112.808 |
123.232 |
131.086 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
533.409 |
378.176 |
299.662 |
|
Total
borrowings |
533.409 |
378.176 |
299.662 |
|
Debt/Equity
ratio |
4.728 |
3.069 |
2.286 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
622.627 |
814.442 |
244.427 |
|
|
|
30.807 |
(69.9880029 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
622.627 |
814.442 |
244.427 |
|
Profit |
18.829 |
18.505 |
7.854 |
|
|
3.02% |
2.27% |
3.21% |
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 |
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 |
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 |
OPERATING PERFORMANCE
The working of the company has resulted in a profit after tax of Rs. 7.854 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10444577 |
06/08/2013 |
445,000.00 |
Karnataka Bank
Limited |
Thakur Complex
Branch, Gayatri Corner, 90 Feet Rd, Opp. Thakur Complex Polytechnic, Kandivli
(E), |
B82872672 |
|
2 |
10418942 |
19/03/2013 |
100,000,000.00 |
Karnataka Bank
Limited |
Thakur Complex
Br, Gayatri Corner, 90 Feet Rd, Opp. Thakur Complex Polytechnic, Kandivli
(E), Mumbai, Maharashtra - 400101, INDIA |
B72952864 |
|
3 |
10225251 |
10/06/2010 |
1,720,000.00 |
Karnataka Bank
Limited |
Gayatri Corner,
Asha Nagar, 90' Feet Road, Thakur |
A87808135 |
|
4 |
10221261 |
03/05/2010 |
22,000,000.00 |
Karnataka Bank
Limited |
Gayatri Corner, Asha
Nagar, 90' Road, Thakur Comp |
A85505493 |
|
5 |
10192893 |
11/06/2009 |
3,322,458.00 |
VIJAYA BANK |
Thakur Village
Branch,Gayatri Satsang Building, T |
A67131870 |
|
6 |
10245946 |
11/02/2009 |
50,000,000.00 |
KARNATAKA BANK
LIMITED |
Gayatri Corner,
Asha Nagar, 90' Road, Thakur Comp |
A74819624 |
|
7 |
10113784 |
04/04/2014 * |
170,000,000.00 |
KARNATAKA BANK
LIMITED |
Gayatri Corner,
Asha Nagar, 90' Road, Opp. Thakur, |
C04653911 |
|
8 |
10113785 |
04/04/2014 * |
170,000,000.00 |
KARNATAKA BANK
LIMITED |
Gayatri Corner,
Asha Nagar, 90' Road, Opp. Thakur, |
C04656906 |
|
9 |
10087576 |
09/02/2008 |
31,900,000.00 |
VIJAYA BANK |
THAKUR VILLAGE
BRANCH, GAYATRI SATSANG BUILDING,, |
A32174583 |
|
10 |
10087113 |
23/01/2008 |
34,600,000.00 |
VIJAYA BANK |
THAKUR VILLAGE
BRANCH, GAYATRI SATSANG BUILDING,, |
A32001646 |
|
11 |
90157993 |
16/08/2002 |
15,000,000.00 |
UCO BANK |
INDUSTRY HOUSE;
159; CHURCHGATE RECLAMATION, MUMBAI, Maharashtra - 400020, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Air Condition
·
Furniture and Fixture
·
Mobile Phone
·
Computer
·
Land
·
Vehicles
·
Refrigerator
·
Xerox and Fax Machine
·
Laser Printer
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. 61.92 |
|
|
1 |
Rs. 96.37 |
|
Euro |
1 |
Rs. 76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
41 |
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.