MIRA INFORM REPORT

 

 

Report No. :

337779

Report Date :

25.08.2015

 

IDENTIFICATION DETAILS

 

Name :

ALPEX EXPORTS PRIVATE LIMITED

 

 

Registered Office :

B-79, Shivalik Enclave, Near Malviya Nagar, New Delhi-110017

Tel. No.:

91-11-47101111

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

27.08.1993

 

 

Com. Reg. No.:

55-171352

 

 

Capital Investment / Paid-up Capital :

Rs. 59.978 Million

 

 

CIN No.:

[Company Identification No.]

U51909DL1993PTC171352

 

 

IEC No.:

2293000877

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELA06279A

 

 

PAN No.:

[Permanent Account No.]

AABCA0842N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Textile and Yarn and Manufacturer of Photovoltaic.

 

 

No. of Employees :

125  (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 500000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 1993. It is the trader of textile and yarn. It has a satisfactory track record.

 

For the financial year 2014, the company has healthy operational activity. It has achieved a decent top line growth along with good profit earnings.

 

Further, the company has good capital structure, decent reserves position and there are no trade payables to the company. The company is doing well in its field.

 

Trade relations are reported as fair. Business is active. Payments terms are 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 – 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

ICRA

Rating

SP 2B

Rating Explanation

High Performance Capability and Moderate Financial Strength

 

 

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 (GENERAL DETAILS)

 

Name :

Mr. Niraj

Designation :

AGM

Contact No.:

91-11-26547000

Date :

22.08.2015

 

 

LOCATIONS

 

Registered Office :

B-79, Shivalik Enclave, Near Malviya Nagar, New Delhi-110017, India

Tel. No.:

91-11-47101111

Fax No.:

91-11-47101100

E-Mail :

info@alpexonline.com

lingaraj.das@alpexonline.com

Website :

http://www.alpexonline.com

Area :

300 Sq. Ft

Location :

Owned

Locality:

Commercial

 

 

Corporate Office 1:

A-254, Shivalik, Near Malvyia Nagar, New Delhi – 110017, India

Tel. No.:

91-11-26680766/ 26689784

Fax No.:

91-11-26689785/ 26534728

 

 

Corporate Office 2:

127-B, Shivalik, Near Malvyia Nagar, New Delhi – 110017, India

Tel. No.:

91-11-6465399

Fax No.:

91-11-6469122

 

 

Corporate Office 3:

155, Sector 16 A, Chandigarh – 160016, India

 

 

Branch Office 1 :

Flat No.602, 6th Floor, Plot No.39/4 Society 308, Vashi, Mumbai, Maharashtra, India

Area :

300 Sq. Ft

Location :

Owned

 

 

Branch Office 2 :

52/32, C K PN Colony Tripura, India

Area :

300 Sq. Ft

Location :

Owned

 

 

DIRECTORS

 

AS ON: 27.09.2014

 

Name :

Mr. Ashwani Sehgal

Designation :

Director

Address :

A-16, 3rd Floor, Geetanjali, Enclave, New Delhi-110017, India 

Date of Birth/Age :

17.07.1965

Qualifications :

B. Mechanical

Date of Appointment :

27.08.1993

PAN No:

AAUPS2675R

DIN No.:

00001210

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

U51909DL1993PTC171352

ALPEX EXPORTS PRIVATE LIMITED

Director

27/08/1993

27/08/1993

-

Active

NO

2

U74899DL1994PTC063133

SCAN INTERNATIONAL PRIVATE LIMITED

Director

01/12/1994

01/12/1994

-

Active

NO

3

U17115DL1999PTC100403

UDAYA FIBERS PRIVATE LIMITED

Director

07/01/2004

07/01/2004

-

Active

NO

4

U74899DL1991PTC042679

KRISHMA MACHINE TOOLS PRIVATE LIMITED

Director

14/01/2010

01/09/2005

-

Active

NO

5

U74120DL2007PTC166184

ALPEX LUXURY WINES AND SPIRITS PRIVATE LIMITED

Director

24/07/2007

24/07/2007

-

Active

NO

6

U31900MH2013PTC249147

3S Solar Private Limited

Director

14/10/2013

14/10/2013

-

Active

NO

 

 

Name :

Mrs. Monika Sehgal

Designation :

Director

Address :

B-3, Geetanjali, Enclave, 3rd Floor, Near Malviya Nagar, New Delhi, India

Date of Birth/Age :

06.05.1968

Qualifications :

M. Sc.

Date of Appointment :

27.08.1993

PAN No:

AEEPS5935N

DIN No.:

00001213

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

U51909DL1993PTC171352

ALPEX EXPORTS PRIVATE LIMITED

Director

27/08/1993

27/08/1993

-

Active

NO

2

U74899DL1991PTC042679

KRISHMA MACHINE TOOLS PRIVATE LIMITED

Director

14/01/2010

14/04/2006

-

Active

NO

3

U74899DL1994PTC063133

SCAN INTERNATIONAL PRIVATE LIMITED

Director

19/08/2006

19/08/2006

-

Active

NO

4

U74120DL2007PTC166184

ALPEX LUXURY WINES AND SPIRITS PRIVATE LIMITED

Director

24/07/2007

24/07/2007

-

Active

NO

 

KEY EXECUTIVES

 

Name :

Mr. Niraj

Designation :

AGM

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON:  27.09.2014

 

Names of Shareholders

 

No. of Shares

Ashwani Sehgal

 

2306400

Monica Sehgal

 

1366400

Kanta Sehgal

 

391700

Udaya Sehgal

 

25000

Aditya Sehgal

 

25000

Ashwani Sehgal (HUF)

 

323000

Kamlesh Verma

 

80000

Vipin Sehgal

 

109500

B. C. Sikka

 

268100

Anita Sikka

 

92700

Scan International Private Limited

 

135000

Udaya Fibers Private Limited

 

275000

Krishma Machine Tools Private Limited

 

600000

 

 

 

Total

 

5997800

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 27.09.2014

 

Category

Percentage

Bodies corporate

99.92

Directors or relatives of Directors

0.08

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Textile and Yarn and Manufacturer of Photovoltaic.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Germany
  • Dubai
  • Italy
  • Pakistan

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

125 (Approximately)

 

 

Bankers :

Banker Name

Indusind Bank Limited

Branch Address

2401 Gen Thimmayya Road Cantonment, Pune - 411001,

Maharashtra, 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
  • State Bank of India, N-3, Commercial Branch, South Extension Part-I, New Delhi-110049, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee Term Loan from Banks

7.665

7.288

Rupee Term Loan from Others

40.981

34.480

 

 

 

SHORT TERM BORROWING

 

 

Loans Repayable on Demand from Banks

115.964

123.927

 

 

 

Total

164.610

165.695

 

Auditors :

 

Name :

Sanjeev Bhargava and Associates

Chartered Accountants

Address :

202 Anarkali Complex, Jhandewalan Extension, New Delhi – 110055, India

Telfax No.:

91-11-23557501

Mobile No.:

91-9810085605

Email :

sbhrigu@sify.com

PAN No.:

ABJFS7914H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives
  • Scan International Private Limited

U74899DL1994PTC063133

 

  • Udaya Fibers Private Limited

U17115DL1999PTC100403

 

  • Alpex Luxury Wine And Spirits Private Limited

AAGCA7119R

 

  • Krishma Machine Tools Private Limited

U74899DL1991PTC042679

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

6000000

Equity Shares

Rs.10/- each

Rs. 60.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5997800

Equity Shares

Rs.10/- each

Rs. 59.978 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

59.978

59.978

59.978

(b) Reserves & Surplus

123.522

110.402

101.840

(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)

183.500

170.380

161.818

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

81.361

74.973

69.738

(b) Deferred tax liabilities (Net)

19.666

22.931

24.135

(c) Other long term liabilities

35.326

59.007

38.231

(d) long-term provisions

10.790

10.042

9.234

Total Non-current Liabilities (3)

147.143

166.953

141.338

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

115.964

123.927

74.169

(b) Trade payables

0.000

0.000

0.000

(c) Other current liabilities

25.811

24.335

25.098

(d) Short-term provisions

21.214

12.889

6.712

Total Current Liabilities (4)

162.989

161.151

105.979

 

 

 

 

TOTAL

493.632

498.484

409.135

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

141.643

142.417

141.097

(ii) Intangible Assets

0.018

1.400

1.843

(iii) Capital work-in-progress

22.262

17.543

17.543

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

9.367

8.992

8.379

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.128

1.385

1.118

(e) Other Non-current assets

1.128

1.354

1.580

Total Non-Current Assets

176.546

173.091

171.560

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

140.297

115.969

102.792

(c) Trade receivables

121.426

156.397

93.630

(d) Cash and cash equivalents

29.177

28.069

27.741

(e) Short-term loans and advances

24.786

24.148

12.363

(f) Other current assets

1.400

0.810

1.049

Total Current Assets

317.086

325.393

237.575

 

 

 

 

TOTAL

493.632

498.484

409.135

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

SALES

 NA

NA

NA

 

 

 

 

 

Less:

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

21.011

14.061

1.809

 

 

 

 

 

Less:

TAX

7.891

5.499

0.951

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

13.120

8.562

0.858

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 22.109

3.773

14.532

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 3.69

 0.63

 2.42

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

6.631

6.213

11.953

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

54.865

(10.682)

(55.103)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets)

(%)

4.55

2.98

0.47

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

0.08

0.01

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.11

1.20

0.96

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.95

2.02

2.24

 

 

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

59.978

59.978

59.978

Reserves & Surplus

101.840

110.402

123.522

Net worth

161.818

170.380

183.500

 

 

 

 

long-term borrowings

69.738

74.973

81.361

Short term borrowings

74.169

123.927

115.964

Current Maturities of Long-Term Debts

11.953

6.213

6.631

Total borrowings

155.860

205.113

203.956

Debt/Equity ratio

0.963

1.204

1.111

 

 

 

 

 

 

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

Yes

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

Yes

17

Details of sister concerns

Yes

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

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

 

 

NOTE: Registered office of the company has been shifted from Chandigarh UT, Chandigarh, India to the present address w. e. f. 14.09.2007

 

UNSECURED LOAN:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS:

 

 

Rupee Term Loan from Banks

0.104

1.251

Rupee Term Loan from Others

0.000

0.573

Loans Repayable on Demand from Others

32.611

31.381

 

 

 

Total

32.715

33.205

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10510674

26/06/2014

160,000,000.00

Union Bank of India

OVERSEAS BRANCH, 26/28-D, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA

C12677159

2

10336154

17/02/2012

3,000,000.00

DIRECTOR OF INDUSTRIES

DIRECTORATE OF INDUSTRIES, BEMLOI, SHIMLA, HIMACHAL PRADESH - 174101, INDIA

B32347387

3

10285484

21/01/2013 *

102,400,000.00

State Bank of India

N-3 COMMERCIAL BRANCH, SOUTH EXTENSION PART-I NEW 
DELHI, NEW DELHI, DELHI - 110049, INDIA

B68336460

4

10188947

26/12/2014 *

240,000,000.00

Oriental Bank of Commerce

85A OVERSEAS BRANCH,RISHYAMOOK BUILDING, PANCHKUIAN ROAD IAN ROAD, NEW DELHI, DELHI - 110001, INDIA

C39026547

 

 

 

 

 

 

 

 

 

 

 

 

FIXED ASSETS:

 

Tangible

 

  • Land
  • Office building
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Computer equipment
  • Leasehold improvements

 

Intangible

 

  • Computer software
  • Designs

 

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. 66.51

UK Pound

1

  Rs. 104.01

Euro

1

Rs. 76.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

THR

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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.