MIRA INFORM REPORT
|
Report No. : |
312336 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PATEL HOSPITAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Civil Lines, Jalandhar – 144 001, Punjab |
|
Tel. No.: |
91-181-3041000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.09.1981 |
|
|
|
|
Com. Reg. No.: |
16-004671 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110PB1981PTC004671 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in the business of running the Multi-Specialty
Hospital and Nursing Home. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having satisfactory track
record. Financial position of the company seems to be sound. The rating takes into consideration established regional market
position supported by its promoters’ extensive experience in the healthcare
industry. Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal 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 |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
18.02.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
18.02.2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9316178741 |
|
Date : |
24.04.2015 |
LOCATIONS
|
Registered Office : |
Civil Lines, Jalandhar – 144 001, Punjab, India |
|
Tel. No.: |
91-181-3041000 (24 Hours – General) |
|
Mobile No.: |
91-9316178741 (Mr. Rajesh) |
|
Fax No.: |
91-181-3041163 (24 Hours) |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Dr. Sudarshan Kumar Sharma |
|
Designation : |
Managing Director |
|
Address : |
BIXZ 2803, Opposite DC, Old Baradari, Jalandhar – 144 001, Punjab,
India |
|
Date of Birth/Age : |
15.07.1938 |
|
Date of Appointment : |
10.09.1981 |
|
DIN No.: |
01063340 |
|
|
|
|
Name : |
Dr. Bhim Sen Chopra |
|
Designation : |
Director |
|
Address : |
BIXZ 2803, Opposite DC, Old Baradari, Jalandhar – 144 001, Punjab,
India |
|
Date of Birth/Age : |
26.10.1944 |
|
Date of Appointment : |
10.09.1981 |
|
DIN No.: |
01063787 |
|
|
|
|
Name : |
Dr. (Mrs.) Sushma Chopra |
|
Designation : |
Director |
|
Address : |
BIXZ 2803, Opposite DC, Old Baradari, Jalandhar – 144 001, Punjab,
India |
|
Date of Birth/Age : |
15.09.1946 |
|
Date of Appointment : |
10.09.1981 |
|
DIN No.: |
01063818 |
|
|
|
|
Name : |
Dr. (Mrs.) Ramesh Kanta Sharma |
|
Designation : |
Director |
|
Address : |
BIXZ 2803, Opposite DC, Old Baradari, Jalandhar – 144 001, Punjab,
India |
|
Date of Birth/Age : |
04.08.1938 |
|
Date of Appointment : |
10.09.1981 |
|
DIN No.: |
01829823 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sudarshan Kumar Sharma |
49945 |
24.97 |
|
Ramesh Kanta Sharma |
49945 |
24.97 |
|
Bhim Sen Chopra |
49995 |
25.00 |
|
Sushma Chopra |
49995 |
25.00 |
|
Sunil Kumar Sharma |
110 |
0.06 |
|
Shamit Chopra |
5 |
0.00 |
|
Shikha Chopra |
5 |
0.00 |
|
Total
|
200000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of running the Multi-Specialty
Hospital and Nursing Home. |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
600 (Approximately) |
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Bankers : |
·
Bank of India ·
HDFC Bank Limited |
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Y.K. Sood and Company Chartered Accountants |
|
Address : |
4th Floor, Ambika Tower, Police Lines, Jalandhar – 144 001,
Punjab, India |
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PAN
No.: |
ABNPS7871D |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 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 |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
176.477 |
133.012 |
98.755 |
|
(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) |
196.477 |
153.012 |
118.755 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
78.530 |
71.322 |
66.490 |
|
(b) Deferred tax liabilities (Net) |
14.855 |
6.912 |
4.537 |
|
(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) |
93.385 |
78.234 |
71.027 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.009 |
0.009 |
|
(b) Trade
payables |
51.786 |
52.107 |
18.390 |
|
(c) Other
current liabilities |
227.459 |
70.438 |
27.349 |
|
(d) Short-term
provisions |
(6.306) |
(2.357) |
(4.764) |
|
Total Current
Liabilities (4) |
272.939 |
120.197 |
40.984 |
|
|
|
|
|
|
TOTAL |
562.801 |
351.443 |
230.766 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
334.942 |
184.432 |
123.684 |
|
(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 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
334.942 |
184.432 |
123.684 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
30.746 |
17.392 |
27.550 |
|
(b)
Inventories |
26.471 |
16.702 |
14.429 |
|
(c) Trade
receivables |
93.861 |
59.027 |
33.727 |
|
(d) Cash
and cash equivalents |
59.920 |
42.404 |
27.711 |
|
(e)
Short-term loans and advances |
16.861 |
31.450 |
3.613 |
|
(f) Other
current assets |
0.000 |
0.036 |
0.052 |
|
Total
Current Assets |
227.859 |
167.011 |
107.082 |
|
|
|
|
|
|
TOTAL |
562.801 |
351.443 |
230.766 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
466.689 |
|
280.673 |
|
|
|
Other Income |
5.353 |
4.304 |
|
|
|
|
TOTAL |
472.042 |
329.587 |
280.673 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
383.942 |
262.858 |
226.961 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.100 |
66.729 |
53.712 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
32.629 |
16.598 |
16.978 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
55.471 |
50.131 |
36.734 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.832 |
15.375 |
11.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
39.639 |
34.756 |
24.899 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
198.19 |
173.78 |
124.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
8.49 |
10.68 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.86 |
14.26 |
15.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.33 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.40 |
0.47 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
1.39 |
2.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
98.755 |
133.012 |
176.477 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
118.755 |
153.012 |
196.477 |
|
|
|
|
|
|
Long Term borrowings |
66.490 |
71.322 |
78.530 |
|
Short Term borrowings |
0.009 |
0.009 |
0.000 |
|
Total borrowings |
66.499 |
71.331 |
78.530 |
|
Debt/Equity ratio |
0.560 |
0.466 |
0.400 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
280.673 |
329.587 |
472.042 |
|
|
|
17.427 |
43.222 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
280.673 |
329.587 |
472.042 |
|
Profit |
24.899 |
34.756 |
39.639 |
|
|
8.87% |
10.55% |
8.40% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
FINANCIAL PERFORMANCE:
Revenues and profits of the
company has increased in comparison to previous financial year ending
31.03.2013. The company has started new departments during the year and has
been able to achieve its targets. Board of directors are hopeful for brisk
business in coming years.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits |
1.634 |
1.634 |
|
Loans and advances from related parties |
76.896 |
69.688 |
|
Total |
78.530 |
71.322 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10544292 |
06/12/2014 |
118,800,000.00 |
PUNJAB NATIONAL BANK |
I.B.B CIVIL LINES,
JALANDHAR, PUNJAB - 144001, INDIA |
C41027681 |
|
2 |
10435399 |
10/06/2013 |
29,500,000.00 |
PUNJAB NATIONAL BANK |
I.B.B. ,CIVIL LINES,
JALANDHAR, PUNJAB - 144001, INDIA |
B78997475 |
|
3 |
10382440 |
05/12/2014 * |
89,200,000.00 |
PUNJAB NATIONAL BANK |
I.B.B CIVIL LINES,
JALANDHAR, PUNJAB - 144001, INDIA |
C41030388 |
|
4 |
10382420 |
26/09/2012 |
52,500,000.00 |
PUNJAB NATIONAL BANK |
I B B CIVIL LINES,
JALANDHAR, PUNJAB - 144002, INDIA |
B60312550 |
|
5 |
10054921 |
25/08/2007 * |
8,250,000.00 |
PUNJAB NATIONAL BANK |
CIVIL LINE,
235-JALANDHAR, JALANDHAR CITY, PUNJAB |
A23310766 |
|
6 |
90183235 |
01/04/2004 * |
9,000,000.00 |
PUNJAB NATIONAL BANK |
CIVIL LINES, JALLANDHAR,
PUNJAB, INDIA |
- |
|
7 |
90182694 |
16/03/2000 |
1,500,000.00 |
PUNJAB NATIONAL BANK |
CIVIL LINES, JALLANDHAR,
PUNJAB, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Air Conditioner
·
Air Cooler
·
Plant and Machinery
·
Building
·
Lab Equipments
·
Monitor
·
Furniture and Fixtures
·
Computer
·
Printer
·
Telephone Mobile Set
·
Refrigerator
·
Television
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49
|
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.