|
Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
A. C. SURGIPHARMA PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
K-59, Pratap Nagar,
Near Pratap Nagar-Metro
Station, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.03.1993 |
|
|
|
|
Com. Reg. No.: |
55-052682 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.007 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397DL1993PTC052682 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
60 (Approximately) (Office – 50 and Branch – 10) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 199000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing
attacks during the third quarter, according to a study by RSA. India ranks
fourth in the list of nations hit by phishing
attacks. The US remained at the top of the charts. Phishing
is the process of acquiring information such as user names, passwords and
credit card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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. Anand Mishra |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-11-23696719 |
|
Date : |
20.01.2014 |
LOCATIONS
|
Registered Office : |
K-59, Pratap Nagar,
Near Pratap Nagar-Metro
Station, New Delhi – 110007, India |
|
Tel. No.: |
91-11-23696719 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Defense Colony, Delhi, India |
|
Area : |
200 sq. ft. (Appr.) |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Rudrapur, Uttrakhand,
India |
|
Area : |
200 sq. ft. (Appr.) |
|
Location : |
Rented |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Ramesh Chander |
|
Designation : |
Managing Director |
|
Address : |
10735, First Floor, Street No.12, Pratap Nagar, Andha Mughal, Delhi – 110007, India |
|
Date of Birth/Age : |
13.04.1956 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
19.03.1993 |
|
DIN No.: |
00424319 |
|
|
|
|
Name : |
Mr. Chetan Makhija |
|
Designation : |
Director |
|
Address : |
10735, First Floor, Street No.12, Pratap Nagar, Andha Mughal, Delhi – 110007, India |
|
Date of Birth/Age : |
21.09.1983 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
15.04.2002 |
|
DIN No.: |
00424388 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Mishra |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Bhupinder Kumar Kalra |
|
1 |
|
Chetan Makhija |
|
5040 |
|
Dhawan Ar Es and
Brothers HUF |
|
1 |
|
Dhawan Ar Es and
Company HUF |
|
1 |
|
Dhawan Es Arg HUF |
|
1 |
|
Harmeet Singh |
|
1 |
|
Harmeet Singh Anand HUF |
|
1 |
|
Harpreet Singh Anand HUF |
|
1 |
|
Kusum Sharma |
|
1 |
|
Mohan Prakash Saluja |
|
1 |
|
Nava Healthcare Private Limited, India |
|
1 |
|
Paramjit Singh Anand HUF |
|
1 |
|
Rajiv Vij |
|
1 |
|
Ramesh Chander Makhija |
|
25017 |
|
Sachin Vij |
|
1 |
|
Seema Kathuria |
|
1 |
|
Shama Rani Vij |
|
1 |
|
Sushil Kumar Vij |
|
1 |
|
Sushil Kumar Vij (HUF) |
|
1 |
|
|
|
|
|
Total |
|
30074 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharmaceutical Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
· Pfizer Products Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Government Sector
· Loknayak Hospital |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) (Office – 50 and Branch – 10) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank 15-A, Kamla Nagar, Delhi – 110007, India Contact No.: 91-11-23844775 · State Bank of India Partap Nagar Branch, Delhi – 110007, India · ICICI Bank Limited · Axis Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dilip Kapoor and
Associates Chartered Accountants |
|
Address : |
206, Mohan Complex, H Block Market, Ashok Vihar, Phase – I, New Delhi – 110052, India |
|
PAN No.: |
AAJFD0173G |
|
Mobile No.: |
91-9810061361/ 9811339921 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Zenika Pharma Activities: Trader of Pharma Products |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30074 |
Equity Shares |
Rs.100/- each |
Rs.3.007
Millions |
|
|
|
|
|
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 |
3.007 |
3.007 |
2.972 |
|
(b) Reserves & Surplus |
46.656 |
32.001 |
18.728 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.035 |
|
Total
Shareholders’ Funds (1)+(2) |
49.663 |
35.008 |
21.735 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.427 |
22.759 |
23.644 |
|
(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 |
0.465 |
0.362 |
0.000 |
|
Total Non-current Liabilities (3) |
15.892 |
23.121 |
23.644 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
23.501 |
16.540 |
9.122 |
|
(b) Trade payables |
15.160 |
16.798 |
18.807 |
|
(c) Other current
liabilities |
11.217 |
4.113 |
8.875 |
|
(d) Short-term provisions |
7.161 |
6.524 |
2.190 |
|
Total Current Liabilities (4) |
57.039 |
43.975 |
38.994 |
|
|
|
|
|
|
TOTAL |
122.594 |
102.104 |
84.373 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13.391 |
10.824 |
11.948 |
|
(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 |
0.005 |
0.705 |
0.005 |
|
(c) Deferred tax assets (net) |
0.109 |
0.088 |
0.038 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13.505 |
11.617 |
11.991 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
9.035 |
9.855 |
9.545 |
|
(c) Trade receivables |
57.359 |
30.028 |
28.385 |
|
(d) Cash and cash
equivalents |
12.465 |
1.251 |
2.083 |
|
(e) Short-term loans and
advances |
23.614 |
43.331 |
28.299 |
|
(f) Other current assets |
6.616 |
6.022 |
4.070 |
|
Total Current Assets |
109.089 |
90.487 |
72.382 |
|
|
|
|
|
|
TOTAL |
122.594 |
102.104 |
84.373 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
281.948 |
344.311 |
239.872 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
258.740 |
323.083 |
234.433 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.208 |
21.228 |
5.439 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.393 |
1.376 |
1.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21.815 |
19.852 |
6.894 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.160 |
6.579 |
2.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
14.655 |
13.273 |
4.704 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
487.29 |
443.93 |
158.50 |
|
Expected Sales (2013-14): Rs.280.000 Millions
The above information has been parted by Mr. Anand
Mishra.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.20
|
3.85 |
1.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.81
|
19.60 |
8.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.57 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.78
|
1.12 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
2.06 |
1.86 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
From Share Holders |
10.427 |
16.100 |
|
From Body Corporate |
3.000 |
6.000 |
|
|
|
|
|
Total |
13.427 |
22.100 |
BUSINESS POSITION
The company has earned post tax Profit of
rs.14.655 Millions during the current year. The directors are hopeful of
crossing Rs.16.000 Millions mark sales during the year F.Y. 2013-2014.
TRADE REFERENCE:
· Pfizer Products Private Limited
· Loknayak Hospital
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10418744 |
04/03/2013 |
2,000,000.00 |
CANARA BANK |
15A, KAMLA
NAGAR, DELHI, DELHI - 110007, INDIA |
B72895089 |
|
2 |
10379790 |
15/09/2012 |
5,000,000.00 |
CANARA BANK |
15-A, KAMLA
NAGAR, DELHI, DELHI - 110007, INDIA |
B59409573 |
|
3 |
10199460 |
07/01/2010 |
5,000,000.00 |
CANARA BANK |
15 A, KAMALA NAGAR,
DELHI, DELHI - 110007, INDIA |
A78075348 |
|
4 |
10199464 |
01/02/2012 * |
17,500,000.00 |
CANARA BANK |
15-A, KAMLA
NAGAR, DELHI, DELHI - 110007, INDIA |
B32834525 |
|
5 |
10092219 |
26/02/2008 |
900,000.00 |
CANARA BANK |
15A, KAMLA NAGAR,
DELHI, DELHI - 110007, INDIA |
A34334896 |
|
6 |
90049020 |
29/03/2002 |
319,000.00 |
CANARA BANK |
15-A, KAMLA
NAGAR, DELHI, DELHI, INDIA |
- |
|
7 |
90049010 |
10/03/2012 * |
17,000,000.00 |
CANARA BANK |
15-A, KAMLA NAGAR,
DELHI, DELHI - 110007, INDIA |
B37562477 |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Refrigerator
· Fan and Cooler
· Fax
· Typewriter
· Air Conditioner
· Generator
· Office Equipment
· Cellular Phone
· Electric Installation
· Telephone Instruments
· Fire Extinguisher
· Inverter
· Water Cooler Machine
· Micro Wave
· Motor
· Scooter
· Motor Cycle
· Car Polo
· Computer
· Furniture and Fixtures
· Lamp
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.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.