MIRA INFORM REPORT
|
Report No. : |
300946 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
RUDRAKSH DETERGENT AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 157, Village: Padana Gandhidham -370201,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.08.2005 |
|
|
|
|
Com. Reg. No.: |
04-046622 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24240GJ2005PTC046622 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTR01529D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR0839C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturing of Detergent Soaps, Detergent Powder and Soda Ash Speckles. · Trading of Gas and Logistics Services |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management of the company has not filed its latest financial i.e. 2014
with the government department. As per the available financial of 2013, the company has incurred a
loss. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Ganesh Aacharya |
|
Designation : |
Accountant |
|
Contact No.: |
91-2836-327922 |
|
Date : |
02.01.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 157, Village: Padana Gandhidham -370201,
Gujarat, India |
|
Tel. No.: |
91-2836-285434/ 35/ 36/ 37/ 327922 |
|
Mobile No.: |
91-9327106204 (Mr. Mohd. Asif) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Santosh Ramavtar Goyal |
|
Designation : |
Director |
|
Address : |
P-123, Sector 2, Gandhidham-370201, |
|
Date of Birth/Age : |
24.04.1962 |
|
Date of Appointment : |
17.08.2005 |
|
PAN No.: |
ABOPG7806R |
|
DIN No.: |
00013874 |
|
|
|
|
Name : |
Mrs. Sudhadevi Santosh Goyal |
|
Designation : |
Director |
|
Address : |
DBZ-N-64, Gandhidham-370201, Gujarat, India |
|
Date of Birth/Age : |
09.07.1966 |
|
Date of Appointment : |
30.09.2008 |
|
PAN No.: |
ABOPG7813J |
|
DIN No.: |
01690162 |
|
|
|
|
Name : |
Mr. Siddhant Goyal |
|
Designation : |
Director |
|
Address : |
Plot No.123, Sector -02, Gandhidham – 370201, Gujarat, India |
|
Date of Birth/Age : |
16.09.1994 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
06655578 |
KEY EXECUTIVES
|
Name : |
Mr. Ganesh Aacharya |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Santosh Ramavtar Goyal |
|
400000 |
|
Sudhadevi Goyal |
|
400000 |
|
Anchal GS oyal |
|
199990 |
|
Shree Jay Minechem Private Limited, India |
|
260000 |
|
Shreeji Propack Private Limited, India |
|
1000000 |
|
Ashish Shah |
|
10 |
|
|
|
|
|
Total |
|
2260000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
|
|
|
Bodies corporate |
55.80 |
|
Directors or relatives of directors |
44.20 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing of Detergent Soaps, Detergent Powder and Soda Ash Speckles. ·
Trading of Gas and Logistics Services. |
|
|
|
|
Products : |
· Detergent Soaps · Detergent Powder · Soda Ash Speckles |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce DBZ South 33/34, Gandhidham-370201, Gujarat, India ·
The Cosmos Co-Operative Bank Limited Office No. 1, 2 and 3, Plot No. 240,
Ward 12/B, Gandhidham – 370201, Gujarat, India · ABN Amro Bank N. V. 71/72 7th Floor, Sakhar Bhavan, Nariman Point,, Mumbai - 400021, Maharashtra, India · HDFC Bank Limited ·
ICICI Bank Limited · The Royal Bank of Scotland N.V. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Sundaram Finance Limited 21 Patullos Road, Chennai - 600002, Tamilnadu, India · Kotak Mahindra Prime Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Hiranandani and Company Chartered Accountants |
|
Address : |
Banke Bihari, Plot No 16 Ward 10 B(C), Opposite IFFCO Colony Main Gate, Gandhidham – 370201, Gujarat, India |
|
PAN No.: |
AACFH2667N |
|
|
|
|
Other Related Party : |
· Shreeji Exports-Warehouse Division, India · Industrial Gases Accessories, India · Umesh Petroleum, India · Umesh Electricals, India · Umesh Trading, India · Shreeji Propack Private Limited, India · Shreeji Well Brine Private Limited · Shree Jayambe Minechem Private Limited, India · Shreeji Minechem Private Limited, India CIN No.:U74999GJ2005PTC047333 |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2260000 |
Equity Shares |
Rs.10/- each |
Rs.22.600
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 |
22.600 |
22.600 |
22.600 |
|
(b) Reserves & Surplus |
48.506 |
52.338 |
35.769 |
|
(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) |
71.106 |
74.938 |
58.369 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
19.542 |
22.767 |
15.796 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
48.471 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.620 |
1.377 |
1.039 |
|
Total Non-current
Liabilities (3) |
69.633 |
24.144 |
16.835 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
50.000 |
32.426 |
108.745 |
|
(b) Trade
payables |
161.815 |
199.045 |
178.893 |
|
(c) Other
current liabilities |
74.203 |
112.605 |
75.128 |
|
(d) Short-term
provisions |
0.243 |
1.330 |
0.103 |
|
Total Current
Liabilities (4) |
286.261 |
345.406 |
362.869 |
|
|
|
|
|
|
TOTAL |
427.000 |
444.488 |
438.073 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
105.013 |
134.192 |
125.497 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
6.067 |
0.000 |
3.696 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.442 |
0.350 |
0.350 |
|
(c) Deferred tax assets (net) |
8.746 |
19.798 |
11.499 |
|
(d) Long-term Loan and Advances |
87.838 |
86.509 |
93.638 |
|
(e) Other
Non-current assets |
1.873 |
0.054 |
0.108 |
|
Total Non-Current
Assets |
209.979 |
240.903 |
234.788 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.027 |
87.724 |
68.184 |
|
(c) Trade
receivables |
58.272 |
48.468 |
58.072 |
|
(d) Cash
and cash equivalents |
14.307 |
3.180 |
8.321 |
|
(e) Short-term
loans and advances |
56.834 |
63.718 |
67.299 |
|
(f) Other
current assets |
0.581 |
0.495 |
1.409 |
|
Total
Current Assets |
217.021 |
203.585 |
203.285 |
|
|
|
|
|
|
TOTAL |
427.000 |
444.488 |
438.073 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1357.505 |
1563.625 |
1788.194 |
|
|
|
Other Income |
2.643 |
4.200 |
1.983 |
|
|
|
TOTAL |
1360.148 |
1567.825 |
1790.177 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
1311.871 |
|
1741.115 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1311.871 |
1517.889 |
1741.115 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.277 |
49.936 |
49.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.039 |
26.697 |
37.856 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.238 |
23.239 |
11.206 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.070 |
(1.209) |
3.577 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
(3.832) |
24.448 |
7.629 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
33.993 |
19.869 |
12.240 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.444 |
0.000 |
|
|
|
Interim Dividend |
0.000 |
7.880 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
30.161 |
33.993 |
19.869 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
34.204 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(I1.70) |
10.82 |
3.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.28) |
1.56 |
0.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.56 |
3.19 |
2.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.97 |
5.48 |
2.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.31 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.98 |
0.74 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76 |
0.59 |
0.56 |
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 |
22.600 |
22.600 |
22.600 |
|
Reserves & Surplus |
35.769 |
52.338 |
48.506 |
|
Net
worth |
58.369 |
74.938 |
71.106 |
|
|
|
|
|
|
long-term borrowings |
15.796 |
22.767 |
19.542 |
|
Short term borrowings |
108.745 |
32.426 |
50.000 |
|
Total
borrowings |
124.541 |
55.193 |
69.542 |
|
Debt/Equity
ratio |
2.134 |
0.737 |
0.978 |
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) |
|
Revenue from Operations |
1788.194 |
1563.625 |
1357.505 |
|
|
|
(12.558) |
(13.182) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from Operations |
1788.194 |
1563.625 |
1357.505 |
|
Profit |
7.629 |
24.448 |
(3.832) |
|
|
0.43% |
1.56% |
(0.28%) |
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 |
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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.000 |
22.311 |
|
Loans repayable on demand from Others |
0.000 |
7.615 |
|
Inter-corporate Borrowings |
0.000 |
2.500 |
|
|
|
|
|
Total |
0.000 |
32.426 |
FINANCIAL RESULTS
During current
financial year Gross Revenue of the company has decreased by 13.33% i.e
Rs.1357.500 Millions, compared to Rs.1566.375 Millions, in the previous year.
The company has earned a Net profit of Rs.12.237 Millions. However after making
provision for Tax and deferred tax there is a net loss of Rs.3.832 Millions
which the directors recommend to carry forward.
FIXED ASSETS
·
Land
·
Factory Buildings
·
Computers
·
Air Conditioner
·
Plant and Equipment’s
·
Furniture and Fixture
·
Vehicles
·
Office Equipment’s
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.