MIRA
INFORM REPORT
|
Report No. : |
306707 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
BBM ACOUSTIC ( |
|
|
|
|
Registered
Office : |
266, Bhare, Post Gotawade, Pirangut, Near MSEB Substation, Pune –
412108, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.03.2005 |
|
|
|
|
Com. Reg. No.: |
11-020454 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.714 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50300PN2005PTC020454 |
|
|
|
|
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
: |
Manufacturing and Selling of Acoustic Accessories /
Projects like Silencers, Enclosures etc. and Providing of Post-Sales
Services. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. Note: 23
AC documents for the year 2014 could not be made available from any source. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nitesh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-66732413 |
|
Date : |
04.02.2015 |
LOCATIONS
|
Registered Office/ Factory : |
266, Bhare, Post Gotawade, Pirangut, Near MSEB Substation, Pune –
412108, Maharashtra, India |
|
Tel. No. : |
91-20-66732400-409/ 66732413/ 66732410 |
|
Fax No. : |
91-20-66732411 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
E-45, 2nd Floor, Sector 63, Gautam Budh Nagar, Noida –
201301, Uttar Pradesh, India |
|
Telefax No.: |
91-120-4262020 |
DIRECTORS
As on 30.09.2013
|
Name : |
Johannes Heinrich Dietmann |
|
Designation : |
Director |
|
Address : |
Ginsterweg, 5, |
|
Date of Birth/Age : |
29.09.1956 |
|
Date of Appointment : |
23.03.2005 |
|
DIN No. : |
00230440 |
|
|
|
|
Name : |
Arunabh Tamal Mazumdar |
|
Designation : |
Director |
|
Address : |
H-501, Cresent Apt., Mahindra Woods Kalewadi, Fata Wakad, Pune –
411057, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1964 |
|
Date of Appointment : |
16.04.2005 |
|
DIN No. : |
00249872 |
|
|
|
|
Name : |
Claudio Orazio Francesco Milazzo |
|
Designation : |
Director |
|
Address : |
Wetterstr.5, Herdecke, Germany 58313 |
|
Date of Birth/Age : |
21.07.1974 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No. : |
02720711 |
KEY EXECUTIVES
|
Name : |
Mr. Nitesh |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
BBM Akustik Technologies |
171393 |
|
Arunabh Tamal Mazumdar |
1 |
|
Total |
171394 |
Allottee as on 06.01.2015
|
Names of Allottee |
No. of Shares |
|
BBM Akustik Technologies |
14282 |
|
Total |
14282 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings (Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20306707_MIRA%2005-Feb-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Acoustic Accessories /
Projects like Silencers, Enclosures etc. and Providing of Post-Sales
Services. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Italy Vietnam UAE |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Germany Thailand |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
60 (Approximately) |
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Bankers : |
· Indian Overseas Bank |
||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
S. H. Doshi and Associates Chartered Accountants |
|
Address : |
405, Ackruti Chambers, Opposite Laxminarayan Cinema, Pune Satara Road, Mukundnagar Corner, Pune – 411037, Maharashtra, India |
|
Tel. No. : |
91-20-24263499 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAYFS1522M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company: |
BBM Akustik Technologie GmbH |
|
|
|
|
Fellow Subsidiary : |
BBM Engg. Services Private Limited |
|
|
|
|
Other Related Party
: |
BBM Germany |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
185,676 |
Equity Shares |
Rs.10/- each |
Rs. 1.857 Millions |
|
|
|
|
|
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
171,394 |
Equity Shares |
Rs.10/- each |
Rs. 1.714 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1.714 |
1.714 |
1.714 |
|
(b) Reserves & Surplus |
117.042 |
85.818 |
57.398 |
|
(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) |
118.756 |
87.532 |
59.112 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.323 |
20.511 |
20.154 |
|
(b) Deferred tax liabilities (Net) |
0.689 |
0.249 |
0.019 |
|
(c) Other long term liabilities |
0.000 |
0.331 |
2.057 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
19.012 |
21.091 |
22.230 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
32.772 |
17.621 |
0.060 |
|
(b) Trade payables |
56.556 |
36.688 |
0.000 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
24.452 |
|
(d) Short-term provisions |
(7.416) |
10.016 |
5.300 |
|
Total Current Liabilities (4) |
81.912 |
64.325 |
29.812 |
|
|
|
|
|
|
TOTAL |
219.680 |
172.948 |
111.154 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.142 |
19.031 |
19.082 |
|
(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 |
23.264 |
19.238 |
3.290 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.592 |
1.487 |
0.755 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
57.998 |
39.756 |
23.127 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.078 |
41.802 |
10.152 |
|
(c) Trade receivables |
96.398 |
74.016 |
47.994 |
|
(d) Cash and cash
equivalents |
6.787 |
12.518 |
25.647 |
|
(e) Short-term loans and
advances |
0.171 |
0.170 |
0.170 |
|
(f) Other current assets |
16.248 |
4.686 |
4.064 |
|
Total Current Assets |
161.682 |
133.192 |
88.027 |
|
|
|
|
|
|
TOTAL |
219.680 |
172.948 |
111.154 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
324.101 |
201.413 |
138.771 |
|
|
|
Other Income |
4.091 |
2.247 |
NA |
|
|
|
TOTAL (A) |
328.192 |
203.660 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
271.403 |
154.818 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
56.789 |
48.842 |
35.482 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.463 |
1.560 |
0.588 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.326 |
47.282 |
34.894 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.515 |
3.273 |
3.758 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
46.811 |
44.009 |
31.136 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.401 |
15.482 |
0.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
31.410 |
28.527 |
31.117 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
77.496 |
49.076 |
28.678 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
108.749 |
77.496 |
59.795 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
37.690 |
54.192 |
36.231 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
183.26 |
166.44 |
181.67 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
9.69 |
14.16 |
22.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.52 |
24.25 |
25.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.83 |
28.63 |
28.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.50 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43 |
0.44 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
2.07 |
2.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.714 |
1.714 |
1.714 |
|
Reserves & Surplus |
57.398 |
85.818 |
117.042 |
|
Net
worth |
59.112 |
87.532 |
118.756 |
|
|
|
|
|
|
long-term borrowings |
20.154 |
20.511 |
18.323 |
|
Short term borrowings |
0.060 |
17.621 |
32.772 |
|
Total
borrowings |
20.214 |
38.132 |
51.095 |
|
Debt/Equity
ratio |
0.342 |
0.436 |
0.430 |
%20PRIVATE%20LIMITED%20-%20306707_MIRA%2005-Feb-2015_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
138.771 |
201.413 |
324.101 |
|
|
|
45.141 |
60.914 |
%20PRIVATE%20LIMITED%20-%20306707_MIRA%2005-Feb-2015_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
138.771 |
201.413 |
324.101 |
|
Profit |
31.117 |
28.527 |
31.410 |
|
|
22.42% |
14.16% |
9.69% |
%20PRIVATE%20LIMITED%20-%20306707_MIRA%2005-Feb-2015_files/image008.gif)
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10372612 |
20/08/2014 * |
127,500,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH,214-215,CITY MALL, NEAR |
C20882841 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
ECB Loans and advances from related parties |
17.525 |
19.011 |
|
Total |
17.525 |
19.011 |
GENERAL INFORMATION
The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of acoustic accessories / projects like silencers, enclosures etc. & providing of post-sales services. The company caters to both domestic and international markets.
FIXED ASSETS
·
Plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipments
Computers
Others -
Electrical Installations
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.61.68 |
|
|
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
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 |
|
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.