MIRA INFORM REPORT
|
Report No. : |
305043 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
U K B ELECTRONICS PRIVATE LIMITED
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Registered
Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110 092 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.05.2004 |
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Com. Reg. No.: |
55-126250 |
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Capital
Investment / Paid-up Capital : |
Rs.98.220 millions |
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CIN No.: [Company Identification
No.] |
U32109DL2004PTC126250 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02479B |
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PAN No.: [Permanent Account No.] |
AAACU6815C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and
trading of Iron and Steel Items. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established
company having satisfactory track record. General financial
position of the company seems to be sound and healthy. Trade relations
are fair. Business is active. Payment terms are reported to be slow but
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Long Term Rating: BB+ (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
June, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
June, 2014 |
Reason for suspension: Absence of requisite information.
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
31-03-2014.
LOCATIONS
|
Registered Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110 092,
India |
|
Tel. No.: |
91-11-22150140 |
|
Mobile No.: |
91-9958222990 (Mr. Sumit Kumar) |
|
Fax No.: |
91-11-22150139 |
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E-Mail : |
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Website : |
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Corporate Office/ Factory 1: |
C-119/118, Sector 63, Gautam Budh Nagar, District Noida – 201 301,
Uttar Pradesh, India |
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Tel. No.: |
91-120-4208515 |
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Factory 2 : |
Verna Industrial Estate, Goa – 403 722, India |
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Factory 3 : |
Plot No.E-15/2, Rangangam MIDC, Rangangam, Taluka Shirur, Pune – 412
209, Maharashtra, India |
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Factory 4 : |
Gerugambakkam, Chennai – 600 122, Tamilnadu, India |
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Branch Office : |
Patparganj, Delhi – 110 092, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Arun Kumar Tayal |
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Designation : |
Whole-time Director |
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Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
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Date of Birth/Age : |
13.05.1958 |
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Date of Appointment : |
01.10.2012 |
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PAN No.: |
AAYPT1653L |
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DIN No.: |
00359128 |
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Other Directorship :
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Name : |
Mr. Vinay Kumar Tayal |
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Designation : |
Whole-time Director |
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Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
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Date of Birth/Age : |
11.04.1972 |
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Date of Appointment : |
01.10.2012 |
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PAN No.: |
ACHPT4715G |
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DIN No.: |
00359327 |
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Other Directorship :
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Name : |
Mr. Manoj Kumar Tayal |
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Designation : |
Whole-time Director |
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Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
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Date of Birth/Age : |
04.08.1968 |
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Date of Appointment : |
01.10.2012 |
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PAN No.: |
ABJPT0956G |
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DIN No.: |
01348097 |
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Other Directorship :
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Name : |
Mr. Pradeep Kumar Tayal |
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Designation : |
Whole-time Director |
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Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
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Date of Birth/Age : |
22.03.1961 |
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Date of Appointment : |
01.10.2012 |
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PAN No.: |
ABBPT8634K |
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DIN No.: |
01500232 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Name of
Shareholders |
|
No of
Shares |
|
Arun Kumar Tayal |
|
973000 |
|
Pradeep Kumar Tayal |
|
1222700 |
|
Manoj Kumar Tayal |
|
1556000 |
|
Vinay Kumar Tayal |
|
1093000 |
|
Surender Bansal |
|
6000 |
|
Vijender Bansal |
|
7500 |
|
Ranveer Singh |
|
13500 |
|
Shiv Shanker Tripathi |
|
20000 |
|
Rama Shanker Tripathi |
|
40000 |
|
Dinesh Kumar HUF |
|
100 |
|
Prabhat Kumar HUF |
|
100 |
|
Rahul Agarwal |
|
100 |
|
Nutan Tayal |
|
200000 |
|
Renu Tayal |
|
140000 |
|
Manglam Cold Storage Private Limited, India |
|
3600000 |
|
Sanco Ind. Limited, India |
|
200000 |
|
New Generation Advertising Private Limited, India |
|
260000 |
|
Ranchor Electronics Private Limited, India |
|
240000 |
|
Softindigo Software Private Limited, India |
|
250000 |
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Total
|
|
9822000 |
AS ON 30.09.2014
Equity Shares Break – up
|
Category |
|
Percentage |
|
Bodies corporate |
|
46.00 |
|
Directors or relatives of directors |
|
53.00 |
|
Other top fifty shareholders |
|
1.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and
trading of Iron and Steel Items. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
Carrier ·
Midea ·
IFB ·
HCL ·
Samsung ·
TVS ·
Whirlpool ·
Harier ·
Acer Hitachi ·
Wipro ·
Schneider |
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No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India ·
State Bank of India, SME Branch, Ghaziabad – 201 010, Uttar Pradesh,
India ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Siemens
Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli,
Mumbai – 400 018, Maharashtra, India |
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Auditors : |
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Name : |
R.S. Garg and Associates Chartered Accountants |
|
Address : |
Shivalaya, 61/40, Laxman
Vihar Jansath Road, New Mandi, Muzaffarnagar, Uttar Pradesh, India |
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PAN
No.: |
AAUPG1302R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9822000 |
Equity Shares |
Rs.10/- each |
Rs.98.220 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
98.220 |
98.220 |
77.500 |
|
(b) Reserves & Surplus |
301.025 |
281.639 |
210.248 |
|
(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) |
399.245 |
379.859 |
287.748 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
143.461 |
68.177 |
29.496 |
|
(b) Deferred tax liabilities (Net) |
3.262 |
2.847 |
2.595 |
|
(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) |
146.723 |
71.024 |
32.091 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
221.058 |
159.274 |
132.472 |
|
(b) Trade
payables |
154.252 |
133.812 |
192.880 |
|
(c) Other
current liabilities |
53.852 |
24.287 |
17.769 |
|
(d) Short-term
provisions |
8.616 |
7.157 |
4.648 |
|
Total Current
Liabilities (4) |
437.778 |
324.530 |
347.769 |
|
|
|
|
|
|
TOTAL |
983.746 |
775.413 |
667.608 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
244.010 |
228.389 |
211.939 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
37.777 |
2.731 |
1.111 |
|
(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 |
14.866 |
5.271 |
5.669 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
296.653 |
236.391 |
218.719 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
333.061 |
235.959 |
190.186 |
|
(c) Trade
receivables |
248.304 |
260.455 |
215.161 |
|
(d) Cash
and cash equivalents |
23.464 |
10.877 |
11.574 |
|
(e)
Short-term loans and advances |
62.201 |
14.793 |
11.985 |
|
(f) Other
current assets |
20.063 |
16.938 |
19.983 |
|
Total
Current Assets |
687.093 |
539.022 |
448.889 |
|
|
|
|
|
|
TOTAL |
983.746 |
775.413 |
667.608 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1478.561 |
1363.569 |
1120.311 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
29.045 |
22.942 |
19.459 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.660 |
7.494 |
6.362 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
19.385 |
15.448 |
13.097 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
64.195 |
48.747 |
35.650 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
83.580 |
64.195 |
48.747 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1.97 |
1.57 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.07 |
2.97 |
2.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91 |
0.60 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
1.66 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
77.500 |
98.220 |
98.220 |
|
Reserves & Surplus |
210.248 |
281.639 |
301.025 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
287.748 |
379.859 |
399.245 |
|
|
|
|
|
|
Long Term borrowings |
29.496 |
68.177 |
143.461 |
|
Short Term borrowings |
132.472 |
159.274 |
221.058 |
|
Total borrowings |
161.968 |
227.451 |
364.519 |
|
Debt/Equity ratio |
0.563 |
0.599 |
0.913 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
1,120.311 |
1,363.569 |
1,478.561 |
|
|
|
21.713 |
8.433 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
(INR) |
|
Turnover |
1,120.311 |
1,363.569 |
1,478.561 |
|
Profit |
13.097 |
15.448 |
19.385 |
|
|
1.17% |
1.13% |
1.31% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The Registered office of the company has been shifted form 348, Functional
Industrial Estate, Patpar Ganj, New Delhi – 110 092, India, to the present
address w.e.f. 15.05.2011.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate deposits |
0.506 |
0.457 |
|
Loans and advances from others |
71.146 |
58.703 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand |
59.798 |
0.000 |
|
Total |
131.450 |
59.160 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10473575 |
21/01/2014 |
35,832,974.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,
WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B94708427 |
|
2 |
10095422 |
05/01/2013 * |
252,800,000.00 |
STATE BANK OF INDIA |
SME BRANCH, GHAZIABAD,
UTTAR PRADESH - 201010, INDIA |
B66847559 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Factory
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computer
·
Other Equipments
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 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.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.