MIRA
INFORM REPORT
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Report No. : |
305805 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
JEEVAKA INDUSTRIES PRIVATE LIMITED (w.e.f. 01.04.2011) |
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Formerly Known
As : |
JEEVAKA INDUSTRIES LIMITED |
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Registered
Office : |
15-9-360, Mahaboob Gunj |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.02.1996 |
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Com. Reg. No.: |
36-023288 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.938 Millions |
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CIN No.: [Company Identification
No.] |
U27100TG1996PTC023288 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACJ5113G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Sponge Iron, TMT Bar, Iron Steel and Doors.
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 720000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slightly slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track. Management has failed to file latest financials for FY14, with the
statutory authorities. However, trade relations are fair. Business is active. Payment terms
are reported as slightly slow but correct In view of experienced promoters 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating “BBB-“ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
December 12, 2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
December 12, 2014 |
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
|
Name : |
Mr. Abhishek Agarwal |
|
Designation : |
Director |
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Contact No.: |
91-9849030077 |
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Date : |
12.02.2015 |
LOCATIONS
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Registered Office : |
15-9-360, Mahaboob Gunj Hyderabad – 500012, Telangana, India |
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Tel. No.: |
91-40-24600529 |
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Mobile No.: |
91-9849030077 (Mr. Abhishek Agarwal) 91-9440065038 (Mr. Anil Agarwal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
11-6-27/17, 1st Floor, Opposite IDPL Factory, Balanagar,
Hyderabad – 500037, Telangana, India |
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Tel. No.: |
91-40-23771692 |
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Fax No.: |
91-40-23771132 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anil Agarwal |
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Designation : |
Managing Director |
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Address : |
#15-2-358, First Floor, Mukthiyar Gunj, Hyderabad – 500012, Telangana,
India |
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Date of Birth/Age : |
19.05.1966 |
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Date of Appointment : |
22.02.1996 |
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DIN No. : |
00199411 |
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Other Directorship :
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Name : |
Mr. Sudhir Agarwal |
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Designation : |
Whole-time Director |
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Address : |
#15-2-358, First Floor, Mukthiyar Gunj, Hyderabad – 500012, Telangana,
India |
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Date of Birth/Age : |
08.12.1976 |
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Date of Appointment : |
08.04.2001 |
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DIN No. : |
00214731 |
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Name : |
Mr. Abhishek Agarwal |
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Designation : |
Whole-time Director |
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Address : |
#15-2-358, Mukthiyar Gunj, Hyderabad – 500012, Telangana, India |
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Date of Birth/Age : |
19.03.1981 |
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Date of Appointment : |
08.04.2011 |
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DIN No. : |
00233507 |
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Name : |
Mr. Ashish Agarwal |
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Designation : |
Whole-time Director |
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Address : |
#8-2-682/B/4, Road No. 12, Banjara Hills, Hyderabad – 500034,
Telangana, India |
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Date of Birth/Age : |
06.01.1979 |
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Date of Appointment : |
08.04.2011 |
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DIN No. : |
02590226 |
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Agarwal |
|
18500 |
|
Premchand Gupta |
|
36000 |
|
Anil Agarwal |
|
182500 |
|
Rajesh Gupta |
|
18500 |
|
Jeetender Agarwal |
|
18500 |
|
Sandeep Agarwal |
|
27500 |
|
Sudhir Agarwal |
|
27500 |
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Anil Agarwal HUF |
|
11000 |
|
Asha Agarwal |
|
117500 |
|
Satish Agarwal |
|
17500 |
|
Gopal Agarwal |
|
17500 |
|
Babita Agarwal |
|
17500 |
|
Ashish Agarwal |
|
17500 |
|
Abhishek Agarwal |
|
17500 |
|
Geeta Agarwal |
|
52500 |
|
Rekha Agarwal |
|
8750 |
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Reetu Agarwal |
|
17500 |
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Savitri Agarwal |
|
35000 |
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Shanta Agarwal |
|
117500 |
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Chandulal Agarwal |
|
117500 |
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Premchand Gupta HUF |
|
30000 |
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Mohan Agarwal HUF |
|
120000 |
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Girsharilal Agarwal HUF |
|
50000 |
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Total |
|
1093750 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Sponge Iron, TMT Bar, Iron Steel and Doors.
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Products : |
·
Sponge Iron ·
TMT Bar ·
Iron Steel ·
Doors |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Swamy and Sesadri Chartered Accountants |
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Address : |
Beside Viceroy Hotel, Kavadi Guda, Hyderabad, Telangana, India |
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PAN No.: |
AAHFS8935M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
1093750 |
Equity Shares |
Rs.10/- each |
Rs. 10.938 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
10.938 |
10.938 |
10.938 |
|
(b) Reserves &
Surplus |
244.021 |
241.609 |
198.405 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
254.959 |
252.547 |
209.343 |
|
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(3) Non-Current
Liabilities |
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|
|
(a) long-term borrowings |
214.625 |
207.043 |
112.997 |
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(b) Deferred tax
liabilities (Net) |
58.698 |
38.906 |
33.130 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
273.323 |
245.949 |
146.127 |
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
116.175 |
114.599 |
165.672 |
|
(b) Trade payables |
188.364 |
161.106 |
50.924 |
|
(c) Other current liabilities |
195.475 |
157.855 |
80.670 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
500.014 |
433.560 |
297.266 |
|
|
|
|
|
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TOTAL |
1028.296 |
932.056 |
652.736 |
|
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
428.800 |
255.694 |
249.533 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.414 |
82.734 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.018 |
0.018 |
0.018 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.092 |
21.258 |
24.574 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
460.324 |
359.704 |
274.125 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
331.995 |
251.632 |
232.739 |
|
(c) Trade receivables |
133.228 |
182.264 |
41.775 |
|
(d) Cash and cash
equivalents |
49.782 |
33.304 |
20.644 |
|
(e) Short-term loans and
advances |
52.967 |
105.152 |
81.254 |
|
(f) Other current assets |
0.000 |
0.000 |
2.199 |
|
Total Current Assets |
567.972 |
572.352 |
378.611 |
|
|
|
|
|
|
TOTAL |
1028.296 |
932.056 |
652.736 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
2082.189 |
2650.164 |
1585.515 |
|
|
Other Income |
47.314 |
4.400 |
15.815 |
|
|
TOTAL (A) |
2129.503 |
2654.564 |
1601.330 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES (B) |
2021.503 |
2532.559 |
1522.839 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
108.000 |
122.005 |
78.491 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
54.232 |
40.810 |
24.902 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
53.768 |
81.195 |
53.589 |
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.019 |
16.884 |
13.224 |
|
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|
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|
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|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
28.749 |
64.311 |
40.365 |
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|
|
|
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|
Less |
TAX (H) |
26.337 |
21.107 |
13.859 |
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|
|
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|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2.412 |
43.204 |
26.506 |
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|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
199.959 |
156.755 |
130.249 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J) |
202.371 |
199.959 |
156.755 |
|
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|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.21 |
39.50 |
24.23 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2200.000 |
|
|
|
|
|
Expected Sales (2014-2015) : Rs. 2500.000 Millions
The above information has been parted by Mr. Abhishek Agarwal
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
0.12 |
1.63 |
1.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.19 |
4.60 |
4.95 |
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.80 |
7.57 |
6.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.25 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.30 |
1.27 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.32 |
1.27 |
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 |
10.938 |
10.938 |
10.938 |
|
Reserves & Surplus |
198.405 |
241.609 |
244.021 |
|
Net worth |
209.343 |
252.547 |
254.959 |
|
|
|
|
|
|
long-term borrowings |
112.997 |
207.043 |
214.625 |
|
Short term borrowings |
165.672 |
114.599 |
116.175 |
|
Total borrowings |
278.669 |
321.642 |
330.800 |
|
Debt/Equity ratio |
1.331 |
1.274 |
1.297 |
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 |
1585.515 |
2650.164 |
2082.189 |
|
|
|
67.148 |
-21.432 |
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 |
1585.515 |
2650.164 |
2082.189 |
|
Profit |
26.506 |
43.204 |
2.412 |
|
|
1.67% |
1.63% |
0.12% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
|
PETITIONER APERC,
SCY,HYD
VS PET. ADV.: SRINIVASA RAO
PUTLURI SUBJECT: APSEB
(MISC.MATTERS) |
RESPONDENT
M/S.
JEECAKA INDUSTRIES LTD,DIRECTOR, MEDAK AND 3 RESP.ADV.:
NAGARJUNA
BABU DISTRICT
: MEDAK |
|
FILLING DATE : 17.02.2014
POSTING STAGR: INTERLOCUTORY REG.
DATE : LISTING DATE : 19.01.2015 STATUS
:------------ |
|
|
HON’BLE JUDGE(S)
:
DILIP B. BHOSALE A
RAMALINGESWARA RAO |
|
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate deposits |
103.301 |
72.713 |
|
Loans and advances from related parties |
35.797 |
29.675 |
|
Total |
139.098 |
102.388 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90126816 |
16/03/2013 * |
1,078,125,000.00 |
STATE BANK OF HYDERABAD |
MAHABOOB GUNJ BRANCH,
LAND MARK CENTRE, SIDDAMBER |
B74276627 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Other pollution reduction equipment
· Furniture and fixtures
· Vehicles
· Office equipment
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. 62.43 |
|
|
1 |
Rs. 95.02 |
|
Euro |
1 |
Rs. 70.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.