MIRA INFORM REPORT
|
Report No. : |
333871.2 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAI TRIPTI CHEMTRADE PRIVATE LIMITED [w.e.f.06.05.2011] |
|
|
|
|
Formerly Known
As : |
DHEYA LIFE LONG LEARNING PRIVATE LIMITED [w.e.f.18.01.2011] INDUSCROSSING EDUTEK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
521, Marathon Max, Mulund Goregaon Link Road, Mulund [West], Mumbai – 400080,
Maharashtra |
|
Tel. No.: |
91-22-25911021/ 27907197 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.02.2009 |
|
|
|
|
Com. Reg. No.: |
11-190417 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2009PTC190417 |
|
|
|
|
IEC No.: |
0311016006 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS77158E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS8058N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Importer, Exporter and Trader of Oleochemicals like Cosmetics, Lauric
Acid, Stearic Acid, Ref. Glycerin Myristic Acid etc. |
|
|
|
|
No. of Employees
: |
3 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a small company having a moderate track record. The rating takes into consideration company’s modest networth and
small scale of operations. External borrowing of the company seems to be huge. However, subject has achieved better growth in its sales turnover and
profit of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for small business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Manojkumar Triptinath Jha |
|
Designation : |
Director |
|
Contact No.: |
91-9920101315 |
|
Date : |
31.07.2015 |
LOCATIONS
|
Registered Office : |
521, Marathon Max, Mulund Goregaon Link Road, Mulund [West], Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
91-22-25911021/ 27907197 |
|
Mobile No.: |
91-9920101315 [Mr. Manojkumar Triptinath Jha] |
|
Fax No.: |
91-22-25911021 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Warehouse : |
Shree Storage Thane Bhiwandi Road, Opposite Rehnal Bus Depo, Jairam
Compound, Village Rehnal, Bhiwandi – 421302, Maharashtra, India |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Manojkumar Triptinath Jha |
|
Designation : |
Director |
|
Address : |
B-13/3 Tarangan Shravan Building, J.K. Gram Thane (West), Thane -
400606, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
18.02.2009 |
|
DIN No.: |
02471684 |
|
|
|
|
Name : |
Mrs. Anjana Manojkumar Jha |
|
Designation : |
Director |
|
Address : |
B-13/3 Tarangan Shravan Building, J.K. Gram Thane (West), Thane -
400606, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1971 |
|
Date of Appointment : |
25.07.2011 |
|
DIN No.: |
02691215 |
|
|
|
|
Name : |
Mr. Pramodkumar Triptinath Jha |
|
Designation : |
Director |
|
Address : |
Flat No.133, Housing Complex, Sharavan B., Tarangan II, Thane -
400604, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1955 |
|
Date of Appointment : |
25.07.2011 |
|
DIN No.: |
02882341 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Anjana Manojkumar Jha |
2000 |
20.00 |
|
Manojkumar Triptinath Jha |
7000 |
70.00 |
|
Pramodkumar Triptinath Jha |
1000 |
10.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
_MIRA%2003-Aug-2015_files/image013.gif)
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, Exporter and Trader of Oleochemicals like Cosmetics, Lauric
Acid, Stearic Acid, Ref. Glycerin Myristic Acid etc.. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
· Pacific Oleochemical, Malaysia · Polion Oleo, Malaysia ·
PT Soci Mas, Indonesia |
|
|
|
|
Exports : |
|
|
Products : |
Oleochemicals |
|
Countries : |
· Middle East · African Countries |
|
|
|
|
Imports : |
|
|
Products : |
Oleochemicals |
|
Countries : |
· Malaysia · Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
Credit (30 Days and 90 Days) |
GENERAL INFORMATION
|
Suppliers : |
· Polion Oleo, Malaysia ·
PT Soci Mas, Indonesia |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
3 (Approximately) |
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Bankers : |
· HDFC Bank Limited Mulund Branch, Maharashtra, India ·
Axis Bank Limited Mulund Branch, Maharashtra, India · Bank of Baroda |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pratap B. Sheth and Company Chartered Accountants |
|
Address : |
D-25, Rameshwar, 1167, Murar Road, Mulund [West], Mumbai – 400080,
Maharashtra, India |
|
Telefax : |
91-22-25916420/ 25612639 |
|
Mobile No.: |
91-9819802265/ 9322247031/ 9323705504 |
|
E-Mail : |
|
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PAN No.: |
AABPS5019C |
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|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.536 |
(0.080) |
(0.160) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.200 |
|
Total
Shareholders’ Funds (1) + (2) |
0.636 |
0.020 |
0.140 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(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 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5.454 |
3.954 |
0.341 |
|
(b)
Trade payables |
0.226 |
3.913 |
0.015 |
|
(c)
Other current liabilities |
0.762 |
0.092 |
0.046 |
|
(d)
Short-term provisions |
0.269 |
0.062 |
0.019 |
|
Total
Current Liabilities (4) |
6.711 |
8.021 |
0.421 |
|
|
|
|
|
|
TOTAL |
7.347 |
8.041 |
0.561 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.006 |
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 |
0.075 |
0.075 |
0.173 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.081 |
0.075 |
0.173 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.708 |
6.264 |
0.000 |
|
(b)
Inventories |
4.136 |
1.404 |
0.000 |
|
(c)
Trade receivables |
0.068 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
0.835 |
0.297 |
0.388 |
|
(e)
Short-term loans and advances |
0.500 |
0.001 |
0.000 |
|
(f)
Other current assets |
0.019 |
0.000 |
0.000 |
|
Total
Current Assets |
7.266 |
7.966 |
0.388 |
|
|
|
|
|
|
TOTAL |
7.347 |
8.041 |
0.561 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
50.255 |
6.304 |
3.345 |
|
|
|
Other Income |
0.877 |
0.061 |
0.022 |
|
|
|
TOTAL (A) |
51.132 |
6.365 |
3.367 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
49.914 |
7.278 |
2.959 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(2.732) |
(1.404) |
0.000 |
|
|
|
Employees benefits expense |
0.652 |
0.060 |
0.270 |
|
|
|
Other expenses |
2.469 |
0.302 |
0.066 |
|
|
|
TOTAL (B) |
50.303 |
6.236 |
3.295 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.829 |
0.129 |
0.072 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.001 |
0.028 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.828 |
0.101 |
0.065 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.044 |
0.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.828 |
0.057 |
0.021 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.256 |
0.021 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.572 |
0.036 |
0.014 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
2.305 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
57.20 |
3.64 |
1.43 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.14 |
0.57 |
0.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.65 |
2.05 |
2.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.27 |
0.71 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.30 |
2.85 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.58 |
197.70 |
2.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
0.99 |
0.92 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.160) |
(0.080) |
0.536 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.200 |
0.000 |
0.000 |
|
Net
worth |
0.140 |
0.020 |
0.636 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.341 |
3.954 |
5.454 |
|
Total
borrowings |
0.341 |
3.954 |
5.454 |
|
Debt/Equity ratio |
2.436 |
197.700 |
8.575 |
_MIRA%2003-Aug-2015_files/image015.gif)
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 |
3.345 |
6.304 |
50.255 |
|
|
|
88.460 |
697.192 |
_MIRA%2003-Aug-2015_files/image017.gif)
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 |
3.345 |
6.304 |
50.255 |
|
Profit |
0.014 |
0.036 |
0.572 |
|
|
0.42% |
0.57% |
1.14% |
_MIRA%2003-Aug-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances From others
|
0.185 |
0.185 |
|
Anjana Jha |
0.000 |
0.175 |
|
Manoj Jha |
5.269 |
3.594 |
|
|
|
|
|
Total |
5.454 |
3.954 |
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 records 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. 64.01 |
|
|
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 70.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.