MIRA INFORM REPORT
|
Report No. : |
302391 |
|
Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
WIND WORLD (INDIA) INFRASTRUCTURE PRIVATE LIMITED (w.e.f.20.02.2013) |
|
|
|
|
Formerly Known
As : |
ENERCON (INDIA) INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Enercon Tower,
Plot No. 9-A, Veera Industrial Estate, Veera Desai Road, Andheri (West), Mumbai –
400053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
18.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-156819 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 370.000 Millions |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2005PTC156819 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW04275F / MUME06249F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE5226C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing all kinds of engineering facilities including construction,
technical consultancy and architectural services for use, application,
installation, erection, operation and maintenance of all kinds of power
generation equipments and its related products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with the government
department since 2009. Mr. Kaushik Khana, Chief Financial officer denied to disclose any
information of the subject to us. As per previous financial of 2008, there appear accumulated losses
recorded by the company. As per the registrar of companies, the status of the company appears
to be active. Payment terms are unknown. The company can be considered for business dealings on fully safe and
secured 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 – 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
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 DENIED BY
|
Name : |
Mr. Kalpak Desai |
|
Designation : |
Accounts General Manager |
|
Contact No.: |
91-22-66924848 |
|
Date : |
08.01.2015 |
|
Name : |
Mr. Kaushik Khanna |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-22-66924848/ Ext-7159 |
|
Date : |
08.01.2015 |
LOCATIONS
|
Registered Office : |
Enercon Tower,
Plot No. A/9, Veera Industrial Estate, Veera Desai Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-66924848 |
|
Fax No.: |
91-22-67020083 |
|
E-Mail : |
legal.compliance@enerconindia.net
|
|
Website : |
DIRECTORS
AS ON 30.09.2008
|
Name : |
Mr. Yogesh Jogindernath Mehra |
|
Designation : |
Director |
|
Address : |
201, Harekrishna, Presidency Society, N. S. Road No.8, J.V.P.D.
Scheme, Vile Parle (West), Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1959 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
00296579 |
|
|
|
|
Name : |
Mr. Ajay Jogindernath Mehra |
|
Designation : |
Director |
|
Address : |
301, Harekrishna, Presidency Society, N. S. Road No.8, J.V.P.D.
Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1955 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
00296668 |
KEY EXECUTIVES
|
Name : |
Mr. Kalpak Desai |
|
Designation : |
Accounts General Manager |
|
|
|
|
Name : |
Mr. Kaushik Khanna |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2008
|
Names of Shareholders |
|
No. of Shares |
|
Enercon (I) Limited, Daman |
|
36999400 |
|
Mehra J. Yogesh |
|
100 |
|
Mehra J. Ajay |
|
100 |
|
Mehra J. Sudarshan |
|
100 |
|
Mehra Y. Radhika |
|
100 |
|
Mehra A. Minakshi |
|
100 |
|
Mehra A. Siddharth |
|
100 |
|
|
|
|
|
Total |
|
37000000 |
AS ON 30.09.2008
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
100.00 |
|
Total |
100.00 |
%20INFRASTRUCTURE%20PRIVATE%20LIMITED%20-%20302391%2009-Jan-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Providing all kinds of engineering facilities including construction,
technical consultancy and architectural services for use, application,
installation, erection, operation and maintenance of all kinds of power
generation equipments and its related products. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institutions : |
· Infrastructure Development Finance Company Limited · Indian Renewable Energy Development Agency Limited, India Habitat Centre, 1st Floor, East Court Core, 4A Lodhi Road, New Delhi - 110003, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679025 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 370.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 370.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
370.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(64.146) |
(34.383) |
(0.009) |
|
|
NETWORTH |
305.854 |
(34.283) |
0.091 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
615.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
615.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
920.854 |
(34.283) |
0.091 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1151.246 |
749.600 |
0.327 |
|
|
Capital work-in-progress |
254.773 |
120.919 |
138.568 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.049 |
0.049 |
0.034 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
20.851
|
0.615 |
0.235 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
8.293
|
0.363 |
0.675 |
|
Total
Current Assets |
29.144
|
0.978 |
0.910 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
496.625
|
888.000 |
137.304 |
|
|
Other Current Liabilities |
17.733
|
17.829 |
2.444 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
514.358
|
905.829 |
139.748 |
|
|
Net Current Assets |
(485.214)
|
(904.851) |
(138.838) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
920.854 |
(34.283) |
0.091 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Usage Charges |
64.242 |
0.000 |
0.000 |
|
|
|
Interest on fixed deposit |
0.392 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
64.634 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Other Expenses |
27.623 |
24.071 |
0.009 |
|
|
|
TOTAL (B) |
27.623 |
24.071 |
0.009 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37.011 |
(24.071) |
(0.009) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.827 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.184 |
(24.071) |
(0.009) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
48.947 |
10.303 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(29.763) |
(34.374) |
(0.009) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(29.763) |
(34.374) |
(0.009) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(34.383) |
(0.009) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(64.146) |
(34.383) |
(0.009) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(7.17) |
(3437.44) |
(1.95) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(46.33) |
0.00
|
0.00
|
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
57.61 |
0.00
|
0.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.52)
|
(4.58)
|
(0.73)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10)
|
1.00 |
(0.10)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.01
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.06
|
0.00 |
0.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2006 |
31.03.2007 |
31.03.2008 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.100 |
370.000 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
0.100 |
0.100 |
370.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
615.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
615.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
1.662 |
%20INFRASTRUCTURE%20PRIVATE%20LIMITED%20-%20302391%2009-Jan-2015_files/image004.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 |
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 |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10485009 |
10/03/2014 |
900,000,000.00 |
STATE BANK OF
HYDERABAD |
Corporate
Finance Branch, 11C Mittal Tower, 210, Nariman Point, Mumbai,
Maharashtra - 400021, INDIA |
C00544452 |
|
2 |
10467809 |
19/12/2013 |
900,000,000.00 |
INDIAN RENEWABLE
ENERGY DEVELOPMENT AGENCY LIMITED |
INDIA HABITAT
CENTRE1ST FLOOR EAST COURT CORE, 4 |
B92602002 |
|
3 |
10372328 |
03/01/2015 * |
547,500,000.00 |
IDBI Bank
Limited |
IDBI Tower, WTC
Complex,, Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA |
C39233424 |
|
4 |
10364221 |
17/10/2013 * |
900,000,000.00 |
INDIAN RENEWABLE
ENERGY DEVELOPMENT AGENCY LIMITED |
INDIA HABITAT
CENTRE1ST FLOOR EAST COURT CORE, 4 |
B91305953 |
|
5 |
10294111 |
08/06/2011 |
1,460,000,000.00 |
INFRASTRUCTURE
DEVELOPMENT FINANCE COMPANY LIMITED |
KRM Tower, 8th
Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, INDIA |
B15785058 |
|
6 |
10106592 |
28/08/2008 * |
800,000,000.00 |
INFRASTRUCTURE
DEVELOPMENT FINANCE COMPANY LIMITED |
ITC CENTRE, 3RD
FLOOR760, ANNA SALAI,, CHENNAI - |
A46270732 |
* Date of charge modification
FIXED ASSETS:
· Freehold Land
· Plant and Machinery
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. 62.96 |
|
|
1 |
Rs. 94.97 |
|
Euro |
1 |
Rs. 74.42 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.