MIRA INFORM REPORT
|
Report No. : |
354712 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVITECH NUTRITION PRIVATE LIMITED (w.e.f. 20.03.2009) |
|
|
|
|
Formerly Known
As : |
AVITECH ANIMAL HEALTH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8th Floor, Eros Apartment, 56, Nehru Place, New
Delhi-110019 |
|
Tel. No.: |
91-124-4011147 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.09.1989 |
|
|
|
|
Com. Reg. No.: |
55-037758 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.666 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1989PTC037758 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELA08607E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA5714E |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturer of Animal and Human Healthcare Products. (From Indirect Sources) |
|
|
|
|
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 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1989 having satisfactory track. Management has failed to file its financials for FY15 with registrar
of companies. For the FY14, the company has achieved decent sales turnover marked by
satisfactory profitability margin. The company possesses decent net worth base marked by low borrowings,
fair cash accruals and favourable gap between trade payables and receivables.
Trade relations are fair. Business is active. Payments 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-124-4011147/91-11-26462854)
LOCATIONS
|
Registered Office : |
8th Floor, Eros Apartment, 56, Nehru Place, New
Delhi-110019, India |
|
Tel. No.: |
91-11-26462854 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory / Corporate Office: |
GP-37, Udyog Vihar, Sector 18, Gurgaon-122001, Haryana, India |
|
Tel No.: |
91-124-4011147/4278511/12 |
|
Fax No.: |
91-124-4013620 |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Rahul Kapur |
|
Designation : |
Managing director |
|
Address : |
B-1/5, DLF Phase - I, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
06.04.1963 |
|
Date of Appointment : |
10.06.1991 |
|
DIN No.: |
00020624 |
|
|
|
|
Name : |
Mr. Kanan Kapur |
|
Designation : |
Director |
|
Address : |
B-1/5, DLF Phase - I, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
22.02.1967 |
|
Date of Appointment : |
10.04.2003 |
|
DIN No.: |
00179157 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Kapur |
|
26154 |
|
Mohini Janak Kapur |
|
501 |
|
Vinod Somnath Kapur |
|
1 |
|
Total |
|
26656 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Animal and Human Healthcare Products. (From Indirect Sources) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
V. V. Kale and Company Chartered Accountants |
|
Address : |
16A/20 W.E.A. Main Ajmal Khan Road, Karol Bagh, New Delhi – 110005,
India |
|
Tel. No.: |
91-11-25761916/25712222/25722222 |
|
Fax No.: |
91-11-257322222 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFV8784C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others with common control: |
|
|
|
|
|
Other related party: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48000 |
Equity Shares |
Rs.100/- each |
Rs. 4.800 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26656 |
Equity Shares |
Rs.100/- each |
Rs. 2.666
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 |
2.666 |
2.666 |
2.666 |
|
(b) Reserves & Surplus |
81.853 |
70.807 |
63.436 |
|
(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) |
84.519 |
73.473 |
66.102 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.195 |
11.515 |
10.797 |
|
(b) Deferred tax liabilities
(Net) |
1.557 |
1.587 |
1.932 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.110 |
3.745 |
3.463 |
|
Total
Non-current Liabilities (3) |
14.862 |
16.847 |
16.192 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.413 |
16.618 |
13.332 |
|
(b) Trade payables |
64.201 |
71.674 |
83.098 |
|
(c) Other current liabilities |
12.271 |
13.494 |
18.261 |
|
(d) Short-term provisions |
0.318 |
0.243 |
2.558 |
|
Total
Current Liabilities (4) |
93.203 |
102.029 |
117.249 |
|
|
|
|
|
|
TOTAL |
192.584 |
192.349 |
199.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29.613 |
32.644 |
28.660 |
|
(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 |
2.190 |
2.190 |
2.742 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
31.803 |
34.834 |
31.402 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
39.748 |
59.319 |
69.529 |
|
(c) Trade receivables |
90.054 |
80.878 |
85.448 |
|
(d) Cash and cash equivalents |
20.153 |
6.442 |
1.177 |
|
(e) Short-term loans and
advances |
7.464 |
7.575 |
8.805 |
|
(f) Other current assets |
3.362 |
3.301 |
3.182 |
|
Total
Current Assets |
160.781 |
157.515 |
168.141 |
|
|
|
|
|
|
TOTAL |
192.584 |
192.349 |
199.543 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
426.192 |
396.392 |
416.010 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.975 |
12.093 |
13.419 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.515 |
3.046 |
2.719 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
16.460 |
9.047 |
10.700 |
|
|
|
|
|
|
|
Less |
TAX |
5.414 |
1.676 |
4.597 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
11.046 |
7.371 |
6.103 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
73.492 |
54.954 |
38.559 |
|
|
TOTAL
EARNINGS |
73.492 |
54.954 |
38.559 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
22.948 |
29.593 |
39.283 |
|
|
Finished Goods |
10.610 |
12.093 |
23.446 |
|
|
TOTAL
IMPORTS |
33.558 |
41.686 |
62.729 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
414.39 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
From Bank Term loans for vehicles |
0.689 |
0.655 |
0.586 |
|
Business term loan |
0.000 |
0.000 |
1.038 |
|
From financial institute |
|
|
|
|
Term loans for vehicles |
0.434 |
0.427 |
0.405 |
|
Business term loan |
1.088 |
1.134 |
2.377 |
|
Total |
2.211 |
2.216 |
4.406 |
|
|
|
|
|
|
Cash generated from operations |
|
|
|
|
Net cash flows from (used in) operations |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.55 |
4.70 |
5.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.12 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33 |
0.41 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73 |
1.54 |
1.43 |
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 |
2.666 |
2.666 |
2.666 |
|
Reserves & Surplus |
63.436 |
70.807 |
81.853 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
66.102 |
73.473 |
84.519 |
|
|
|
|
|
|
long-term borrowings |
10.797 |
11.515 |
9.195 |
|
Short term borrowings |
13.332 |
16.618 |
16.413 |
|
Current maturities of
long-term debts |
4.406 |
2.216 |
2.211 |
|
Total
borrowings |
28.535 |
30.349 |
27.819 |
|
Debt/Equity
ratio |
0.432 |
0.413 |
0.329 |
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) |
|
Turnover |
416.010 |
396.392 |
426.192 |
|
|
|
(4.716) |
7.518 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
416.010 |
396.392 |
426.192 |
|
Profit |
6.103 |
7.371 |
11.046 |
|
|
1.47% |
1.86% |
2.59% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS POSITION:
The sales turnover
during the year was Rs.426.192 Million
as against Rs.396.392 Million
in the preceding year and the Company earned
a profit (before taxation)
of Rs.16.460 Million as against
Rs.9.047 Million in the preceding year. The Company has provided
depreciation and financial expenses amounting
to Rs.2.515 Million and Rs.1.517
Million respectively as against
Rs.3.046 Million and Rs.5.083
Million in the
preceding year. Though the throat cut competition in the poultry Industries the
Company has managed to achieve substantial increase both in sales and
profitability during the year under report.
The Company is
reviewing its marketing strategy, with a view to rationalize the territories
and restrict the overhead expenditure. The Directors expect improved results in the current year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From directors |
4.950 |
4.950 |
|
From shareholders |
1.470 |
1.470 |
|
Total |
6.420 |
6.420 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10195647 |
21/01/2012 * |
40,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHA |
B32153918 |
* Date of charge modification
FIXED ASSETS:
- Plant and
Machinery
- Computers
- Furniture and
Fixtures
- Electrical
Fittings
- Office
Equipments
- Vehicles
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 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.66.42 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--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.