MIRA INFORM REPORT

 

 

Report No. :

336952

Report Date :

19.08.2015

 

IDENTIFICATION DETAILS

 

Name :

ADARSHA PACKAGING PRIVATE LIMITED

 

 

Registered Office :

No. 32/1, 2nd Floor, 2nd Main, Intermediate Ring Road, Ejipura, Bangalore – 560047, Karnataka

Tel. No.:

91-9845976512

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

04.07.1994

 

 

Com. Reg. No.:

08-015850

 

 

Capital Investment / Paid-up Capital :

Rs. 10.000 Million

 

 

CIN No.:

[Company Identification No.]

U21014KA1994PTC015850

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the activities of manufacturing of corrugated boxes.

 

 

No. of Employees :

Information declined by the management

 

 

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

 

Maximum Credit Limit :

USD 100000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old and established company incorporated during the year 1994 having a satisfactory track record.

 

Profit of the company has slightly declined during FY 2014. However, net worth of the company is satisfactory. General financial position of the company is normal and acceptable for business dealings.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct.

 

In view of long track record and acceptable financial base, the company can be considered normal for business 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 Rating = BB

Rating Explanation

Moderate risk of default

Date

June 18, 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 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Madam Nirmala

Designation :

Accounts Head

Contact No.:

91-9845976512

Date :

18.08.2015

 

 

LOCATIONS

 

Registered Office :

No. 32/1, 2nd Floor, 2nd Main, Intermediate Ring Road, Ejipura, Bangalore – 560047, Karnataka, India

Tel. No.:

Not Available

Mobile No.:

91-9845976512

Fax No.:

Not Available

E-Mail :

samirsen@yahoo.com

 

 

DIRECTORS

 

AS ON 15.09.2014

 

Name :

Samir sen

Designation :

Director

Address :

House No 743, 2nd C Cross, 8th Block, Koramangala Layout, Bangalore – 560095, Karnataka, India

Date of Birth/Age :

04.08.1954

Date of Appointment :

01.09.1994

DIN No.:

01790946

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21014KA1994PTC015850

ADARSHA PACKAGING PRIVATE LIMITED

Director

01/09/1994

01/09/1994

-

Active

NO

2

U28129KA1989PTC010413

PURNA PACKAGING PRIVATE LIMITED

Director

01/09/1994

01/09/1994

-

Strike off

NO

3

U63090KA2003PTC032738

DAY 2 DAY TOUR & TRAVELS PRIVATE LIMITED

Director

15/10/2003

15/10/2003

-

Strike off

NO

 

 

Name :

Purnima sen

Designation :

Director

Address :

No.743, IInd 'C' Cross, 8th Block, Koramangala, Bangalore – 560095, Karnataka, India

Date of Birth/Age :

27.06.1956

Date of Appointment :

01.09.1994

DIN No.:

01685989

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U28129KA1989PTC010413

PURNA PACKAGING PRIVATE LIMITED

Director

01/09/1994

01/09/1994

-

Strike off

NO

2

U21014KA1994PTC015850

ADARSHA PACKAGING PRIVATE LIMITED

Director

01/09/1994

01/09/1994

-

Active

NO

3

U63090KA2003PTC032738

DAY 2 DAY TOUR & TRAVELS PRIVATE LIMITED

Director

15/10/2003

15/10/2003

-

Strike off

NO

4

U74910KA2007PLC041612

PROLIFIC HR CONSULTANTS (INDIA) LIMITED

Director

02/02/2007

02/02/2007

05/03/2015

Active

NO

 

 

Name :

Jayanti chaudhuri

Designation :

Director

Address :

4019/1, 1st Cross, Hal 2nd  Stage, Bangalore – 560008, Karnataka, India

Date of Birth/Age :

10.06.1944

Date of Appointment :

18.08.2003

DIN No.:

01790912

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21014KA1994PTC015850

ADARSHA PACKAGING PRIVATE LIMITED

Director

18/08/2003

18/08/2003

-

Active

NO

2

U63090KA2003PTC032738

DAY 2 DAY TOUR & TRAVELS PRIVATE LIMITED

Director

15/10/2003

15/10/2003

-

Strike off

NO

 

 

Name :

Supritam sen

Designation :

Director

Address :

No 743, 2nd C Cross,, 8th Block, Koramangala, Bangalore – 560095, Karnataka, India

Date of Birth/Age :

30.04.1984

Date of Appointment :

18.08.2004

DIN No.:

02859751

 

 

Name :

Swagatam sen

Designation :

Director

Address :

No. 743, 2nd C Cross,, 8th Block, Koramangala, Bangalore – 560095, Karnataka, India

Date of Appointment :

18.08.2004

DIN No.:

01330711

 

 

Name :

Monnanda appaiah uthappa

Designation :

Additional director

Address :

No.1501,Jyothi Nivas,26th 'A' Cross, II Sector, Hasr Layout,, Bangalore – 560034, Karnataka, India

Date of Appointment :

01.04.2008

DIN No.:

02132578

 

 

Name :

Biswanath biswas

Designation :

Additional director

Address :

685, II 'a' Main, 8th Block, Koramangala, Bangalore – 560095, Karnataka, India

Date of Appointment :

01.04.2008

DIN No.:

02132598

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21014KA1994PTC015850

ADARSHA PACKAGING PRIVATE LIMITED

Additional director

01/04/2008

01/04/2008

-

Active

NO

2

U92120KA2013PTC070655

Lateral Thinkers Communications and Films Private Limited

Director

29/04/2015

29/04/2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Madam Nirmala

Designation :

Accounts Head

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 15.09.2014

 

Names of Shareholders

 

No. of Shares

Sri Samir Sen

 

10561

Purnima Sen

 

23591

M.K. Prasad

 

620

Sri Uthappa

 

1002

Sri Kakali Sen

 

1

Smt. Jayanthi Chaudhuri

 

100

Bedobani Chaudhuri

 

10

Supritham Sen

 

14250

Swagatham Sen

 

14250

Sri Adhip Chaudhuri

 

2005

Borni Chaudhuri

 

10

Biswanath Biswas

 

1050

Smt. G.Sravani

 

2000

Sri. Aranya Nag

 

1000

Smt. Satabdi Nag

 

1000

Sri. Samir Sen (HUF)

 

28550

 

 

 

Total

 

100000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 15.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the activities of manufacturing of corrugated boxes.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

Commercial Branch, Industrial Estate, Rajaji Nagar, Bangalore – 560044, Karnataka, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loan from banks

25.246

32.073

 

 

 

SHORT TERM BORROWING

 

 

Loans repayable on demand from banks

19.252

18.686

 

 

 

Total

44.498

50.759

 

Auditors :

 

Name :

S. Ananthapadmanabh

Chartered Accountant

Address :

117, 80 Feet Road, SBM Colony, Banshankari, 1st Stage, Bangalore – 560050, Karnataka, India

PAN No.:

ABAPA8390E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

 

 

 

CAPITAL STRUCTURE

 

AS ON 15.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs. 10.000 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

10.000

6.000

6.000

(b) Reserves & Surplus

30.722

25.288

19.121

(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)

40.722

31.288

25.121

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

43.656

48.132

50.261

(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)

43.656

48.132

50.261

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

19.252

18.686

11.689

(b) Trade payables

38.393

20.230

28.067

(c) Other current liabilities

3.330

2.655

1.055

(d) Short-term provisions

3.578

2.403

1.563

Total Current Liabilities (4)

64.553

43.974

42.374

 

 

 

 

TOTAL

148.931

123.394

117.756

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

82.480

69.567

70.042

(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

82.480

69.567

70.042

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

12.683

10.035

10.706

(c) Trade receivables

46.674

36.025

30.614

(d) Cash and cash equivalents

0.155

0.024

0.011

(e) Short-term loans and advances

6.939

7.743

6.383

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

66.451

53.827

47.714

 

 

 

 

TOTAL

148.931

123.394

117.756

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

SALES

 

Income

 

 

 

 

Other Income

 

 

 

 

TOTAL                                    

357.353

271.120

221.631

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL                                    

333.791

247.043

210.328

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

23.562

24.077

11.303

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

7.518

8.971

5.722

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

16.044

15.106

5.581

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

7.068

5.947

4.638

 

 

 

 

 

 

PROFIT BEFORE TAX

8.976

9.159

0.943

 

 

 

 

 

Less

TAX                                                                 

2.040

1.491

0.228

 

 

 

 

 

 

PROFIT AFTER TAX

6.936

7.668

0.715

 

 

 

 

 

 

Earnings Per Share (Rs.)

69.36

76.68

7.15

 

 

 

 

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) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

1.94

2.83

0.32

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

6.59

8.88

5.10

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.03

7.42

0.80

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.22

0.29

0.04

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.54

2.14

2.47

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.03

1.22

1.13

 

 

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

6.000

6.000

10.000

Reserves & Surplus

19.121

25.288

30.722

Share Application money pending allotment

0.000

0.000

0.000

Net worth

25.121

31.288

40.722

 

 

 

 

long-term borrowings

50.261

48.132

43.656

Short term borrowings

11.689

18.686

19.252

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

61.950

66.818

62.908

Debt/Equity ratio

2.466

2.136

1.545

 

 

 

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

221.631

271.120

357.353

 

 

22.329

31.806

 

 

 

 

 

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

221.631

271.120

357.353

Profit

0.715

7.668

6.936

 

0.32%

2.83%

1.94%

 

 

 

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)

No

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

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

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

 

 

UNSECURED LOAN

 

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from related parties

18.410

16.059

 

 

 

Total

18.410

16.059

 

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

80007709

06/09/2014 *

95,000,000.00

State Bank of India

SME Branch, Industrial estate, Rajajinagar, Bangalore,

Karnataka - 560010,

INDIA

C34032102

 

* Date of charge modification

 

 

FIXED ASSETS

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 65.22

UK Pound

1

Rs. 102.23

Euro

1

Rs. 72.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JYO

 

 

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

5

--LIQUIDITY

1~10

5

--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

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.