MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
GURU NANAK OVERSEAS PRIVATE LIMITED |
|
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|
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Registered
Office : |
20, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.11.2005 |
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Com. Reg. No.: |
21-106133 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.050 Millions |
|
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CIN No.: [Company Identification
No.] |
U51909WB2005PTC106133 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG04238D |
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PAN No.: [Permanent Account No.] |
AACCG4741M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of Transmission Tower, Telecom Tower. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
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|
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. General financial position of the company is normal and acceptable for
business dealing Trade relations are reported as fair. Business is active. Payment
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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. Pawan K. Sharma |
|
Designation : |
General Manager |
|
Contact No.: |
91-9830938062 |
|
Date : |
15.07.2014 |
LOCATIONS
|
Registered Office : |
20,B.T. Road, Kolkata – 700002, West Bengal, India |
|
Tel. No.: |
91-33-23570111 |
|
Mobile No.: |
91-9830938062 (Mr. Pawan K. Sharma) |
|
Fax No.: |
91-33-23570111 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Howrah, Kolkata,
West Bangle, India |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Amrik Singh |
|
Designation : |
Director |
|
Address : |
140, B.T., Road, Kolkata – 700035, West Bangle, India |
|
Date of Birth/Age : |
19.04.1966 |
|
Date of Appointment : |
11.11.2005 |
|
DIN No.: |
00849032 |
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|
|
|
Name : |
Mr. Haranjit Singh |
|
Designation : |
Director |
|
Address : |
140, B.T., Road, Kolkata – 700035, West Bangle, India |
|
Date of Birth/Age : |
15.02.1959 |
|
Date of Appointment : |
11.11.2005 |
|
DIN No.: |
00395037 |
|
|
|
|
Name : |
Mr. Taranjit Singh |
|
Designation : |
Director |
|
Address : |
140, B.T., Road, Kolkata – 700035, West Bangle, India |
|
Date of Birth/Age : |
04.04.1958 |
|
Date of Appointment : |
11.11.2005 |
|
DIN No.: |
01175324 |
KEY EXECUTIVES
|
Name : |
Mr. Pawan K. Sharma |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
As on: 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Haranjit Singh |
|
7000 |
|
Taranjit Singh |
|
7000 |
|
Amrik Singh |
|
7000 |
|
Nutsheel Vyapaar Private
Limited |
|
30000 |
|
Balrampur Commercial Enterprise Limited |
|
40000 |
|
Megapode Vyapaar Private
Limited |
|
30000 |
|
Sardar Jodh Singh |
|
520000 |
|
Spotlite Dealer Private Limited |
|
10000 |
|
Satyam Commercial Company Private Limited |
|
10000 |
|
Nilgiri Commercial Andfinvest
Private Limited |
|
10000 |
|
Tropex Suppliers Private Limited |
|
10000 |
|
Tradelink Varying Company Private Limited |
|
10000 |
|
V B Consultants Private Limited |
|
10000 |
|
Tatpar Dealer Private Limited |
|
10000 |
|
Maradona Holding Private Limited |
|
164000 |
|
Radico Vanijya Private
Limited |
|
30000 |
|
|
|
|
|
Total |
|
905000 |
As on: 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
40.22 |
|
Directors or relatives of Directors |
59.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Transmission Tower, Telecom Tower. |
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Exports : |
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|
Products : |
Finished goods. |
|
Countries : |
·
Nepal ·
Bhutan ·
Bangladesh |
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Terms : |
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Purchasing : |
Depend |
GENERAL INFORMATION
|
Suppliers : |
Jindal Steel and Power Limited |
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Customers : |
Vodafone and Reliance |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Canara Bank, Chowringhee
Branch, 7, Kyd Street, Kolkata-700016, West |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
(Rs. In Millions)
· Loan repayable on demand from canara bank account no. 0145261009321 branch- chowringhee,Kolkata is secured by stock, debtors, building. · The directors has given personal guarntee for the loan repayable on demand. |
|
Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Bothra Nirmal
Associates Chartered Accountant |
|
Address : |
7/1b Grant Lane, Shyam Kunj,
1st Floor, R.No.-15, Kolkata – 700012, West Bengal,
India |
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PAN No.: |
AACFB3320N |
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Joint Venture : |
· Mesa Narula Gcc (Jv) · Mesa Narula (Jv) |
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Associates: |
· Jsis Iron and Steel India Private Limited · Narula Infrastructure Private Limited · Northern Cargo Service · Phoenix Hitech Private Limited · Narula Infrastructure Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
905000 |
Equity Shares |
Rs.10/- each |
Rs. 9.050 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 |
9.050 |
9.050 |
9.050 |
|
(b) Reserves & Surplus |
23.042 |
22.170 |
24.662 |
|
(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) |
32.092 |
31.220 |
33.712 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
38.024 |
38.024 |
38.169 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.235 |
|
(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) |
38.024 |
38.024 |
38.404 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.055 |
15.587 |
23.888 |
|
(b) Trade payables |
5.187 |
8.503 |
9.779 |
|
(c) Other current
liabilities |
2.338 |
2.446 |
2.052 |
|
(d) Short-term provisions |
1.740 |
1.408 |
1.408 |
|
Total Current Liabilities (4) |
30.320 |
27.944 |
37.127 |
|
|
|
|
|
|
TOTAL |
100.436 |
97.188 |
109.243 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
7.776 |
9.029 |
10.500 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.135 |
0.135 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.338 |
0.878 |
0.000 |
|
(d) Long-term Loan and Advances |
0.642 |
0.636 |
1.285 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
8.891 |
10.678 |
11.785 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.340 |
37.647 |
53.177 |
|
(c) Trade receivables |
29.319 |
32.863 |
29.108 |
|
(d) Cash and cash
equivalents |
1.066 |
1.004 |
2.883 |
|
(e) Short-term loans and
advances |
16.820 |
14.996 |
12.290 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
91.545 |
86.510 |
97.458 |
|
|
|
|
|
|
TOTAL |
100.436 |
97.188 |
109.243 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
2.599 |
(1.960) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
4.712 |
4.848 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
(2.113) |
(6.808) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
1.492 |
1.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX |
NA |
(3.605) |
(8.296) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
(1.114) |
0.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX |
0.871 |
(2.491) |
(8.334) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
096 |
(2.75) |
(9.21) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
(3.75) |
(7.59) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
(0.12) |
(0.25) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.84 |
1.72 |
1.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.02 |
3.10 |
2.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
9.050 |
9.050 |
9.050 |
|
Reserves & Surplus |
24.662 |
22.170 |
23.042 |
|
Net
worth |
33.712 |
31.220 |
32.092 |
|
|
|
|
|
|
long-term borrowings |
38.169 |
38.024 |
38.024 |
|
Short term borrowings |
23.888 |
15.587 |
21.055 |
|
Total
borrowings |
62.057 |
53.611 |
59.079 |
|
Debt/Equity
ratio |
1.841 |
1.717 |
1.841 |
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
TRADE REFERANCE:
Jindal Steel and Power Limited
Vodafone and Reliance
FINANCIAL RESULTS:
The Company has earned Rs. 0.871 Million as profit for the financial year ended 31st March, 2013.The Directors do not recommend any dividend for the year.
UNSECURED LOAN
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Loans and Advances From Bodies Corporate and Others |
38.024 |
38.024 |
|
|
|
|
|
Total |
38.024 |
38.024 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10054831 |
11/04/2007 |
40,000,000.00 |
CANARA BANK |
CHOWRINGHEE BRANCH, 7, KYD STREET, KOLKATA, WEST |
A16187247 |
* Date of charge modification
FIXED ASSETS
· Air Conditioner
· Building
· Car
· Computer and Printers
· Cycle
· Furniture and Fixture
· Gas and Oven
· Generator
· Mobile Phone
· Tubewell
· Electrical Fitting
· Plant and Machinery
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.
s4] 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.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
YOG |
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 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.