MIRA INFORM REPORT
|
Report No. : |
356009 |
|
Report Date : |
26.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONCEPT WEAVERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7/36-B, Base Ment, Jangpura B, New Delhi - 110014 |
|
Tel. No.: |
91-120-4729900 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
11.04.2007 |
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|
|
|
Com. Reg. No.: |
55-161882 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17121DL2007PTC161882 |
|
|
|
|
IEC No.: |
509068448 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC09608E |
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|
|
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PAN No.: [Permanent Account No.] |
AADCC0499B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturing, Trading and Exporting of Webbings, Tapes, Draw Cards, Ropes and Other Garments Accessories. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 43000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
|
Comments : |
Subject was established in the year 2007 and it is engaged in manufacturing, trading and exporting of webbings, tapes, cards, ropes and other garments accessories. For the financial year ended 2015, company possesses average operational performance and it has maintain average profitability margin at 2.40% during a year under review. Rating takes into consideration company’s established track record of business operations supported by its above average financial profile along with sound net worth base and moderate debt coverage indicators. However, rating strength is partially offset by highly fragmented and competitive nature of industry and working capital intensive nature of business operations. Trade relations are reported as fair. Payment terms are reported to be
usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
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.
LOCATIONS
|
Registered Office : |
7/36-B, Base Ment, Jangpura B, New Delhi - 110014 India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
ritesh@conceptweaversindia.com |
|
Website : |
|
|
|
|
|
Branch Office : |
B-34, Sector 65, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4729900 |
DIRECTORS
AS ON 23.09.2014
|
Name : |
Mr. Rajat Chhabra |
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|
Designation : |
Director |
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|
Address : |
6/31A, Jangpura - B, New Delhi - 110014, India |
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|
Date of Birth/Age : |
27.07.1980 |
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|
Date of Appointment : |
11.04.2007 |
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|
DIN No.: |
01357027 |
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|
||||||||||||||||||||||||
|
Name : |
Mr. Ritesh Kumar Chhabra |
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|
Designation : |
Director |
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|
Address : |
6 / 31 - A, Jangpura B, Delhi - 110014, India |
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|
Date of Birth/Age : |
27.11.1975 |
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|
Date of Appointment : |
11.12.2009 |
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DIN No.: |
02854614 |
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Other Directorship :
|
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|
||||||||||||||||||||||||
|
Name : |
Mrs. Niti Chhabra |
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|
Designation : |
Director |
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|
Address : |
6/31-A, Jangpura-B, Delhi - 110014, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
23.01.1979 |
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|
Date of Appointment : |
04.03.2013 |
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DIN No.: |
05236942 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Rajat Chhabra |
|
2000 |
|
Ritesh Kumar Chhabra |
|
60000 |
|
Niti Chhabra |
|
8000 |
|
|
|
|
|
Total |
|
70000 |
AS ON 23.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading and Exporting of Webbings, Tapes, Draw Cards, Ropes and Other Garments Accessories. (Registered Activity) |
|
|
|
|
Brand Names : |
-- |
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|
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|
Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· ICICI Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
Maheshwari Rajiv and Company Chartered Accountants |
|
Address : |
37, First Floor, Defence Enclave, Opposite Preet Vihar Petrol, Delhi –
110092, India |
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Tel. No.: |
91-11-22456683/ 45235502/ 03/ 04 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFM5141F |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Other Related
Parties(: |
· Distinctive Design · Trims Solution · Neha Wires & Cords Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.700
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.700 |
0.700 |
0.700 |
|
(b) Reserves & Surplus |
14.367 |
10.921 |
7.742 |
|
(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) |
15.067 |
11.621 |
8.442 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.465 |
1.429 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.031 |
|
(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 |
0.465 |
1.460 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2.220 |
2.082 |
5.917 |
|
(b)
Trade payables |
8.756 |
11.602 |
14.732 |
|
(c)
Other current liabilities |
3.719 |
4.663 |
5.015 |
|
(d)
Short-term provisions |
2.349 |
1.779 |
1.559 |
|
Total
Current Liabilities (4) |
17.044 |
20.126 |
27.223 |
|
|
|
|
|
|
TOTAL |
32.111 |
32.212 |
37.125 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.584 |
10.239 |
12.295 |
|
(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) |
0.574 |
0.139 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.568 |
0.205 |
0.205 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
11.726 |
10.583 |
12.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.215 |
14.048 |
11.876 |
|
(c)
Trade receivables |
4.732 |
2.348 |
7.987 |
|
(d)
Cash and cash equivalents |
0.115 |
0.474 |
0.620 |
|
(e)
Short-term loans and advances |
4.323 |
4.759 |
4.342 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
20.385 |
21.629 |
24.825 |
|
|
|
|
|
|
TOTAL |
32.111 |
32.212 |
37.325 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
145.678 |
144.621 |
151.438 |
|
|
|
Other Income |
5.066 |
6.159 |
5.243 |
|
|
|
TOTAL |
150.744 |
|
156.681 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
85.891 |
91.440 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2.832 |
(2.172) |
|
|
|
|
Employees benefits expense |
19.236 |
11.843 |
|
|
|
|
Other expenses |
32.259 |
40.564 |
|
|
|
|
TOTAL |
140.218 |
141.675 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10.526 |
9.105 |
(Including
Financial) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.976 |
1.982 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.550 |
7.123 |
6.207 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.420 |
2.518 |
2.043 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.130 |
4.605 |
4.164 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS |
(0.020) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.597 |
1.427 |
1.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.513 |
3.178 |
2.876 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
124.748 |
128.261 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
7.144 |
1.943 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
50.18 |
44.94 |
41.09 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current
Maturities of Long term debt |
|
|
|
|
ICICI Car Loan |
0.000 |
0.045 |
0.170 |
|
Axis Bank Loan |
0.000 |
0.057 |
0.774 |
|
Axis Bank Loan (Audi) |
0.465 |
0.860 |
0.104 |
|
Total |
0.465 |
0.962 |
1.048 |
|
|
|
|
|
|
Cash Generated from Operations |
6.893 |
3.759 |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
5.180 |
2.563 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.41 |
2.20 |
1.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.23 |
6.30 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.27 |
14.36 |
11.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.40 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.30 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.07 |
0.91 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.700 |
0.700 |
0.700 |
|
Reserves & Surplus |
7.742 |
10.921 |
14.367 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
8.442 |
11.621 |
15.067 |
|
|
|
|
|
|
Long-term borrowings |
1.429 |
0.465 |
0.000 |
|
Short term borrowings |
5.917 |
2.082 |
2.220 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
1.048 |
0.962 |
0.465 |
|
Total
borrowings |
8.394 |
3.509 |
2.685 |
|
Debt/Equity
ratio |
0.994 |
0.302 |
0.178 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
151.438 |
144.621 |
145.678 |
|
|
|
(4.502) |
0.731 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
151.438 |
144.621 |
145.678 |
|
Profit |
2.876 |
3.178 |
3.513 |
|
|
1.90% |
2.20% |
2.41% |
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 |
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 |
No |
|
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 |
10240230 |
11/04/2012
* |
9,000,000.00 |
PUNJAB
NATIONAL BANK |
JANGPURA,
BHOGAL BRANCH, NEW DELHI - 110014, INDIA |
B38734034 |
* Date of charge modification
CORPORATE
INFORMATION
The Company is registered under the companies act 1956. The company engaged.in Trading, manufacturing and export of webbings, tapes, draw cards, ropes and other garments accessories.
OPERATIONS AND
BUSINESS PERFORMANCES
The above figures show that there is increase in sales by 0.73% up to the tune of Rs.14567.800 million as compared to the previous year figures of Sales of Rs. 14462.100 million only. But the Net Profit (before tax) has been increased to Rs.511.000 million as compared to Rs.460.500 million in the previous year ended on 31/03/2014. Considering the above position and steady progress during the year, your directors are satisfied and hopeful for better financial results in the current year.
FIXED ASSETS:
· Plant and Machinery
· Office Equipment’s
· Computer Equipment’s
· Furniture’s and Fixtures
· Vehicles
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.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
|
--PROFITABILIRY |
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 |
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.