MIRA INFORM REPORT
|
Report No. : |
336595 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLENA AUTO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-68, Wazirpur Industrial Area, New Delhi-110052, Delhi |
|
Tel. No.: |
91-11-27373704 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.10.1976 |
|
|
|
|
Com. Reg. No.: |
55-008362 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1976PTC008362 |
|
|
|
|
IEC No.: |
0598039945 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA00136D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA2766J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Importer of Auto Parts. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is well-established company incorporated during the year 1976.
It has a satisfactory track record. For the financial year 2014, the company possesses healthy operational
activity backed by decent profit earnings. The ratings reflect the extensive experience of company’s promoters in
the automobile (auto) component industry, its diverse product and customer
profiles and its above-average financial risk profile. Trade relations reported as fair. Business is active. Payments terms
usually correct. The company could consider 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 bank facilities BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.02.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
24.02.2015 |
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 : |
Mrs. Ahuja |
|
Designation : |
Divisional Manager |
|
Contact No.: |
91-172-4232229 |
|
Date : |
13.08.2015 |
LOCATIONS
|
Registered Office : |
B-68, Wazirpur Industrial Area, New Delhi-110052, Delhi, India |
|
Tel. No.: |
91-11-27373704 |
|
Mobile No.: |
91-8591872153 (Mr. Sukhwinder) |
|
Fax No.: |
91-11-27373705 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
C-116, Phase-VII, Sas Nagar, Mohali, Chandigharh-160055, Punjab, India |
|
Tel. No.: |
91-172-4232229 |
|
Fax No.: |
91-172-2236602 |
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Amrit Singh Thapar |
|
Designation : |
Managing Director |
|
Address : |
R-612, New Rajander Nagar,, New Delhi-110060, Delhi, India |
|
Date of Appointment : |
23.10.1976 |
|
PAN No.: |
AAAPT0790Q |
|
DIN No.: |
00161405 |
|
|
|
|
Name : |
Mr. Surinder Kaur Thapar |
|
Designation : |
Director |
|
Address : |
R-612, New Rajander Nagar,, New Delhi-110060, Delhi, India |
|
Date of Appointment : |
01.10.1987 |
|
PAN No.: |
AABPT3804C |
|
DIN No.: |
00161438 |
|
|
|
|
Name : |
Mr. Davinder Singh Thapar |
|
Designation : |
Director |
|
Address : |
R-612, New Rajander Nagar,, New Delhi-110060, Delhi, India |
|
Date of Appointment : |
01.04.1997 |
|
PAN No.: |
AACPT9502A |
|
DIN No.: |
00227864 |
|
|
|
|
Name : |
Mr. Roop Kamal Thapar |
|
Designation : |
Director |
|
Address : |
R-612, New Rajander Nagar,, New Delhi-110060, Delhi, India |
|
Date of Birth/Age : |
18.07.1972 |
|
Date of Appointment : |
01.08.2006 |
|
PAN No.: |
ABHPT1531D |
|
DIN No.: |
00647693 |
KEY EXECUTIVES
|
Name : |
Mrs. Ahuja |
|
Designation : |
Divisional Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Amrit Singh Thapar |
13500 |
45.00 |
|
Surinder Kaur Thapar |
7500 |
25.00 |
|
Davinder Singh Thapar |
4500 |
15.00 |
|
Gurukripal Singh Thapar |
4500 |
15.00 |
|
Total |
30000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Auto Parts. |
|
|
|
|
Products : |
Not Available |
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|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
·
China ·
USA |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Advance Payment / Credit |
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|
|
|
Purchasing : |
Cash / Advance Payment / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
D M Narang and Company Chartered Accountants |
|
Address : |
E - 5 , 1st Floor ,Connuaght Place, New Delhi, Delhi, India |
|
Tel No.: |
91-11-41660599 |
|
Email : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4091L |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs.1000/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs.1000/- each |
Rs. 30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
127.016 |
118.119 |
98.896 |
|
(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) |
157.016 |
148.119 |
128.896 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
215.127 |
211.489 |
192.928 |
|
(b) Deferred tax liabilities (Net) |
6.640 |
6.022 |
6.699 |
|
(c) Other long term
liabilities |
5.240 |
22.584 |
21.678 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
227.007 |
240.095 |
221.305 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
170.646 |
190.177 |
191.139 |
|
(b) Trade
payables |
138.000 |
142.071 |
123.453 |
|
(c) Other
current liabilities |
29.421 |
24.460 |
23.907 |
|
(d) Short-term
provisions |
1.514 |
0.000 |
24.075 |
|
Total Current
Liabilities (4) |
339.581 |
356.708 |
362.574 |
|
|
|
|
|
|
TOTAL |
723.604 |
744.922 |
712.775 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
179.009 |
189.986 |
197.590 |
|
(ii)
Intangible Assets |
0.687 |
0.232 |
0.026 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.104 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
176.129 |
172.843 |
166.951 |
|
(c) Deferred tax assets (net) |
2.307 |
2.254 |
1.972 |
|
(d) Long-term Loan and Advances |
1.412 |
0.240 |
0.261 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
359.544 |
365.555 |
366.904 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
14.368 |
0.000 |
0.000 |
|
(b)
Inventories |
111.068 |
118.110 |
113.618 |
|
(c) Trade
receivables |
191.850 |
196.168 |
175.973 |
|
(d) Cash
and cash equivalents |
3.849 |
6.093 |
4.775 |
|
(e)
Short-term loans and advances |
28.082 |
28.589 |
42.237 |
|
(f) Other
current assets |
14.843 |
30.407 |
9.268 |
|
Total
Current Assets |
364.060 |
379.367 |
345.871 |
|
|
|
|
|
|
TOTAL |
723.604 |
744.922 |
712.775 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
15.546 |
30.159 |
39.295 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
518.20 |
1005.30 |
1309.83 |
|
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 flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.46 |
2.71 |
2.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.06 |
0.95 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
98.896 |
118.119 |
127.016 |
|
Net
worth |
128.896 |
148.119 |
157.016 |
|
|
|
|
|
|
long-term borrowings |
192.928 |
211.489 |
215.127 |
|
Short term borrowings |
191.139 |
190.177 |
170.646 |
|
Total
borrowings |
384.067 |
401.666 |
385.773 |
|
Debt/Equity
ratio |
2.980 |
2.712 |
2.457 |
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 |
Yes |
|
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 |
No |
|
17] |
Details of sister concerns |
No |
|
18] |
Major suppliers |
No |
|
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 |
No |
|
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 |
Yes |
|
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 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10542379 |
03/12/2014 |
11,600,000.00 |
Union Bank of India |
SME Wazirpur Branch, 16,Mercury House,Comm. Complex Wazirpur Indl.
Area, Delhi, Delhi - 110052, INDIA |
C39697255 |
|
2 |
10470079 |
28/11/2013 |
436,000.00 |
Union Bank of India |
SSI Wazirpur Branch, Wazirpur Industrial Area, Delhi, Delhi - 110052,
INDIA |
B93472629 |
|
3 |
10423798 |
30/03/2013 |
70,000,000.00 |
Union Bank of India |
SME Branch, 16,Mercury House ,, Commercial Comple |
B74450537 |
|
4 |
10283217 |
30/04/2011 |
4,750,000.00 |
Standard Chartered Bank |
SCO, 137-138, Sector -9C, Chandigarh, Chandigarh - 160017, INDIA |
B11727344 |
|
5 |
10269198 |
08/02/2011 |
1,200,000.00 |
Union Bank of India |
SME, Wazirpur Branch, Wazirpur Industrial Area, Delhi, Delhi - 110052,
INDIA |
B06403323 |
|
6 |
10146846 |
12/02/2009 |
4,000,000.00 |
Union Bank of India |
SME Wazirpur Branch, 16, Mercury House, Wazirpur |
A58561911 |
|
7 |
10146847 |
28/08/2010 * |
2,800,000.00 |
Union Bank of India |
SME Branch, 16,Mercury House ,, Commercial Complex Wzirpur Industrial
Area, New Delhi, Delhi - 1100 52, INDIA |
A94411717 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer
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.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.