MIRA INFORM REPORT
|
Report No. : |
317192 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIABLE INSUPACKS PRIVATE LIMITED (w.e.f. 01.11.2006) |
|
|
|
|
Formerly Known
As : |
RELIABLE INSU-PACKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201-A, IInd Floor, Vikas Complex, 37, Veer Savarkar Block, Shakarpur,
Delhi – 110092 |
|
Tel No. : |
91-11-42445274 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.07.1998 |
|
|
|
|
Com. Reg. No.: |
55-094908 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1998PTC094908 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR05058E DELR09568G DELR08467E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR5918G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The subject engaged in the business of manufacturing of Expandable
Polystyrene. |
|
|
|
|
No. of Employees
: |
100 (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 110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The company has reported decent profitability during the year
2013-2014. Overall financial position seems to be sound. Trade relations are fair. Business is active. Payments 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Rajan |
|
Designation : |
Accountant |
|
Contact No.: |
91-9810307118 |
|
Date : |
13.04.2015 |
LOCATIONS
|
Registered Office : |
201-A, IInd Floor, Vikas Complex, 37, Veer Savarkar Block, Shakarpur,
Delhi – 110092, India |
|
Tel. No.: |
91-11-42445274/22451081 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office/ Factory : |
Greater Noida B-2/7, Site – B UPSIDC Industrial Area, Surajpur, Gautam
Budh Nagar - 201306, |
|
Tel. No.: |
91-120-6518438/2560043 |
|
Fax No.: |
91-120-2560043 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Madan Mohan Roy |
|
Designation : |
Director |
|
Address : |
C-1-3, Kendriya Vihar II, Sector – 82, Noida – 201301, |
|
Date of Birth/Age : |
27.05.1961 |
|
Date of Appointment : |
10.07.1998 |
|
DIN No. : |
00104607 |
|
|
|
|
Name : |
Mr. Sushil Kumar Roy |
|
Designation : |
Director |
|
Address : |
C-1-3, Kendriya Vihar II, Sector – 82, Noida – 201301, |
|
Date of Birth/Age : |
15.02.1932 |
|
Date of Appointment : |
20.08.2003 |
|
DIN No. : |
01233580 |
|
|
|
|
Name : |
Mrs. Sudipta Roy |
|
Designation : |
Additional Director |
|
Address : |
C-1-3, Kendriya Vihar II, Sector – 82, Noida – 201301, |
|
Date of Birth/Age : |
06.10.1965 |
|
Date of Appointment : |
16.07.2012 |
|
DIN No. : |
02997814 |
KEY EXECUTIVES
|
Name : |
Mr. Rajan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Roy Mohan Madan |
|
613000 |
|
Chatterjee Ratanmala |
|
60000 |
|
Roy Sudipta |
|
425000 |
|
Roy Atashi |
|
7000 |
|
Roy Kumar Sushil |
|
250000 |
|
Total |
|
1355000 |
As on 30.09.2014
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 : |
The subject engaged in the business of manufacturing of Expandable Polystyrene. |
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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 |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Arora Rajesh and Company Chartered Accountants |
|
Address 1 : |
C-78, Sector 63, Noida – 201301, Uttar Pradesh, India |
|
Address 2 : |
309, Shiva Tower G.T. Road, Ghaziabad |
|
Tel No.: |
91-120-2406848 / 2406849 |
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E-Mail Id : |
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PAN No.: |
AAFFA3495A |
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|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Enterprises in which KMP/Relatives of KMP can exercise significant
influence : |
Reliable Building Solutions |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,355,500 |
Equity Shares |
Rs.10/- each |
Rs. 13.550
Million |
|
|
|
|
|
After 30.09.2014
Authorised Capital : Rs. 25.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 15.112
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.550 |
12.500 |
9.795 |
|
(b) Reserves & Surplus |
24.754 |
19.790 |
16.658 |
|
(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) |
38.304 |
32.290 |
26.453 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.095 |
11.575 |
7.214 |
|
(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) |
10.095 |
11.575 |
7.214 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
43.316 |
30.598 |
27.293 |
|
(b) Trade payables |
36.701 |
25.803 |
22.144 |
|
(c) Other current liabilities |
6.235 |
4.136 |
2.113 |
|
(d) Short-term provisions |
1.315 |
0.924 |
0.847 |
|
Total
Current Liabilities (4) |
87.567 |
61.461 |
52.397 |
|
|
|
|
|
|
TOTAL |
135.966 |
105.326 |
86.064 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
47.832 |
36.413 |
29.521 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
6.427 |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.628 |
15.234 |
14.038 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
69.887 |
51.647 |
43.559 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
31.092 |
21.795 |
19.835 |
|
(c) Trade receivables |
29.578 |
27.145 |
18.974 |
|
(d) Cash and cash equivalents |
1.431 |
1.171 |
0.341 |
|
(e) Short-term loans and
advances |
3.901 |
3.440 |
3.156 |
|
(f) Other current assets |
0.077 |
0.128 |
0.199 |
|
Total
Current Assets |
66.079 |
53.679 |
42.505 |
|
|
|
|
|
|
TOTAL |
135.966 |
105.326 |
86.064 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
232.896 |
219.211 |
183.647 |
|
|
Other Income |
0.862 |
0.091 |
0.186 |
|
|
TOTAL
(A) |
233.758 |
219.302 |
183.833 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
174.744 |
155.823 |
132.280 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.529) |
(1.690) |
(1.841) |
|
|
Employees benefits expense |
11.632 |
11.417 |
10.025 |
|
|
Other expenses |
35.148 |
40.069 |
30.950 |
|
|
TOTAL
(B) |
216.995 |
205.619 |
171.414 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
16.763 |
13.683 |
12.419 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.570 |
5.163 |
4.396 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.193 |
8.520 |
8.023 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.015 |
4.464 |
4.557 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
4.178 |
4.056 |
3.466 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.314 |
0.924 |
0.847 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
2.864 |
3.132 |
2.619 |
|
|
|
|
|
|
|
|
CIF
VALUE OF IMPORTS |
0.297 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.11 |
#DIV/0! |
#DIV/0! |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.23 |
1.43 |
1.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
7.20 |
6.24 |
6.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.23 |
3.85 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.13 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.39 |
1.31 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75 |
0.87 |
0.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.795 |
12.500 |
13.550 |
|
Reserves & Surplus |
16.658 |
19.790 |
24.754 |
|
Net
worth |
26.453 |
32.290 |
38.304 |
|
|
|
|
|
|
long-term borrowings |
7.214 |
11.575 |
10.095 |
|
Short term borrowings |
27.293 |
30.598 |
43.316 |
|
Total
borrowings |
34.507 |
42.173 |
53.411 |
|
Debt/Equity
ratio |
1.304 |
1.306 |
1.394 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
183.647 |
219.211 |
232.896 |
|
|
|
19.365 |
6.243 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
183.647 |
219.211 |
232.896 |
|
Profit |
2.619 |
3.132 |
2.864 |
|
|
1.43% |
1.43% |
1.23% |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
NOTE:
The Registered Office of the company has been shifted from 166, Aggarwal
Chamber – III, 26, Veer Savarkar Block, Shakarpur, Delhi – 110092, India to the
present address w.e.f 22.09.2008
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loan From
Banks and FI |
|
|
|
Bajaj Finserv Limited |
0.403 |
0.000 |
|
HDFC Bank Limited |
1.689 |
0.000 |
|
Term Loan From
Friends and Relatives |
|
|
|
Prabir Sen |
4.000 |
6.054 |
|
|
|
|
|
Total |
6.092 |
6.054 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10278668 |
13/11/2014 * |
84,532,000.00 |
Bank of India |
SURAJPAR BRANCH, GREATER NOIDA, GAUTAM BUDH NAGAR, Uttar Pradesh - 201308, INDIA |
C34952655 |
|
2 |
10277819 |
07/10/2014 * |
84,532,000.00 |
Bank of India |
SURAJPUR BRANCH, GREATER NOIDA, GAUTAM BUDH NAGAR, Uttar Pradesh - 201308, INDIA |
C31396815 |
* Date of charge modification
FIXED ASSETS
- Land
- Plant and Machinery
- Electrical Fittings
- Office Equipments
- Commercial Vehicles
- Dies
- EDP Equipments
- Shed and Building
- Furniture and Fixtures
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.62.38 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
|
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.