MIRA
INFORM REPORT
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Report No. : |
325453 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA CREATIVE CARDS PRIVATE LIMITED |
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Registered
Office : |
9, Narmada Kutir, 3rd Floor, Opposite G H High School, M G
Road, Borivali (East), Mumbai – 400066, Maharashtra |
|
Tel. No.: |
91-9022344343 (Mr. Amrutlal Mistry) |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.09.2005 |
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Com. Reg. No.: |
11-156566 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.925 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29293MH2005PTC156566 |
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|
IEC No.: |
0306044277 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK7041C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Greeting Cards. |
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|
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|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
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 |
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|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Subject was incorporate in 2005. Subject is a manufacturer exporter
and importer of greeting cards. Net worth of the company has been eroded due to continuous accumulated
loss incurred from its operations. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on 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.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Amrutlal Mistry |
|
Designation : |
Director |
|
Contact No.: |
91-9022344343 |
|
Date : |
01.06.2015 |
LOCATIONS
|
Registered Office / Factory : |
9, Narmada Kutir, 3rd Floor, Opposite G H High School, M G
Road, Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Tel. No. : |
Not Available |
|
Mobile No.: |
91-9022344343 / 8554844343 (Mr. Amrutlal Mistry) |
|
Fax No. : |
Not Available |
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E-Mail : |
|
|
Area : |
8000 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Industrial |
DIRECTORS
|
Name : |
Mr. Amrutlal Rambhai Mistry |
|
Designation : |
Director |
|
Address : |
EC61-001, Evershine Classic, Mangal Vadan CHS Limited, Vasai (East),
Thane – 401202, Maharashtra, India |
|
Date of Birth/Age : |
17.07.1952 |
|
Date of Appointment : |
29.09.2005 |
|
DIN No. : |
02531481 |
|
|
|
|
Name : |
Mr. Pradeep Maganlal Mistry |
|
Designation : |
Director |
|
Address : |
6, Narmada Kutir, 2nd Floor, MG Road, Opposite G H High School,
Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1965 |
|
Date of Appointment : |
29.09.2005 |
|
DIN No. : |
02531498 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Amrutlal Rambhai Mistry |
83250 |
90.00 |
|
Pradeep Maganlal Mistry |
9250 |
10.00 |
|
Total |
92500 |
100.00 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Greeting Cards. |
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|
|
Products : |
Greeting Cards |
|
|
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Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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Exports : |
|
|
Products : |
Greeting Card |
|
Countries : |
UK |
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Imports : |
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|
Products : |
Raw Material |
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Countries : |
·
UK ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Ashish J Shah and Company Chartered Accountants |
|
Address : |
13,1st Floor, Dattani Chambers, S.V. Road,Malad West, Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
9122-28807744 |
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PAN No.: |
AABPS8082R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92500 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.925
Million |
|
|
|
|
|
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 |
0.925 |
0.925 |
0.925 |
|
(b) Reserves &
Surplus |
(6.826) |
(9.056) |
(6.827) |
|
(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) |
(5.901) |
(8.131) |
(5.902) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
11.650 |
13.482 |
12.694 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
11.650 |
13.482 |
12.694 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
6.100 |
6.681 |
1.636 |
|
(d) Short-term provisions |
9.041 |
8.339 |
2.208 |
|
Total Current Liabilities
(4) |
15.141 |
15.020 |
3.844 |
|
|
|
|
|
|
TOTAL |
20.890 |
20.371 |
10.636 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.808 |
6.941 |
4.827 |
|
(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 |
2.006 |
1.909 |
0.486 |
|
(c) Deferred tax assets
(net) |
0.219 |
0.175 |
0.175 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.860 |
0.518 |
0.860 |
|
Total Non-Current Assets |
10.893 |
9.543 |
6.348 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8.174 |
10.252 |
3.573 |
|
(c) Trade receivables |
0.632 |
0.046 |
0.631 |
|
(d) Cash and cash
equivalents |
1.109 |
0.510 |
0.066 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.082 |
0.020 |
0.018 |
|
Total Current Assets |
9.997 |
10.828 |
4.288 |
|
|
|
|
|
|
TOTAL |
20.890 |
20.371 |
10.636 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
28.516 |
3.408 |
0.000 |
|
|
Other Income |
0.033 |
0.117 |
0.000 |
|
|
TOTAL (A) |
28.549 |
3.525 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
15.112 |
8.774 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.078 |
(6.679) |
0.000 |
|
|
Employees benefits
expense |
1.199 |
0.244 |
0.000 |
|
|
Other expenses |
6.441 |
2.156 |
0.678 |
|
|
TOTAL (B) |
24.830 |
4.495 |
0.678 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
3.719 |
(0.970) |
(0.678) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.795 |
0.693 |
0.829 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
2.924 |
(1.663) |
(1.507) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.739 |
0.566 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2.185 |
(2.229) |
(1.507) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.045) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2.230 |
(2.229) |
(1.507) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
(9.056) |
(6.827) |
(5.319) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J) |
(6.826) |
(9.056) |
(6.826) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
24.10 |
(24.09) |
(16.29) |
Expected Sales (2014-2015) : Rs. 80.000 Million
The above information has been parted by Mr. Amrutlal Mistry
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.82 |
(65.40) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.04 |
(28.46) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.71 |
(12.19) |
(15.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.37) |
0.27 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.97) |
(1.66) |
(2.15) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
0.72 |
1.12 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.925 |
0.925 |
0.925 |
|
Reserves & Surplus |
(6.827) |
(9.056) |
(6.826) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(5.902) |
(8.131) |
(5.901) |
|
|
|
|
|
|
long-term borrowings |
12.694 |
13.482 |
11.650 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
12.694 |
13.482 |
11.650 |
|
Debt/Equity ratio |
(2.151) |
(1.658) |
(1.974) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
0.000 |
3.408 |
28.516 |
|
|
|
|
736.737 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
0.000 |
3.408 |
28.516 |
|
Profit |
(1.507) |
(2.229) |
2.230 |
|
|
|
(65.40%) |
7.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Ashish Srivastav |
0.030 |
0.075 |
|
Seervi Packaging |
0.216 |
0.554 |
|
Amrutlal Mistry |
7.869 |
7.937 |
|
Pradeep Mistry |
0.013 |
0.017 |
|
Total |
8.128 |
8.583 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10548004 |
16/01/2015 |
2,000,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM,
L.T. ROAD, DAHISAR (W), M |
C42990259 |
|
2 |
10503423 |
21/05/2014 |
1,500,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI SHREE RANCHHODDHAM,
L.T. ROAD, DAHISAR (WEST), MUMBAI, MAHARASHTRA - 400068, INDIA |
C06809313 |
|
3 |
10406037 |
02/02/2013 |
1,500,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM,
L.T. ROAD, DAHISAR (WEST), MUMBAI, MAHARASHTRA - 400068, INDIA |
B68390608 |
|
4 |
10429046 |
06/07/2010 |
1,500,000.00 |
NKGSB CO.OP. BANK LIMITED |
JAI-SHREE RANCHHODDHAM,
L.T. ROAD, DAHISAR (WEST), MUMBAI, MAHARASHTRA - 400068, INDIA |
B65175226 |
|
5 |
10176716 |
05/02/2008 |
1,000,000.00 |
NKGSB CO-OPERATIVE BANK
LIMITED. |
JAI-SHREE RANCHHODDHAM,
L. T. ROAD, DAHISAR (W), MUMBAI, MAHARASHTRA - 400068, INDIA |
A57408973 |
|
6 |
90387750 |
08/10/2005 |
2,500,000.00 |
THE NORTH KANARA G.S.B.
CO- OP. BANK LTD. |
DAHISAR, MUMBAI,
MAHARASHTRA, INDIA |
- |
|
7 |
90378578 |
17/12/1991 |
125,600.00 |
SUNDARAM FINANCE LTD. |
NO. 21 PATULLOS ROAD,
MADRAS, ANDHRA PRADESH, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Plant and Machinery
Computers
Electrical
Fittings
Mobile
Handset
Moulds
and Dies
Office
Equipment
Motor
Car
Electronic
Appliances
Furniture,
Fixture and Fittings
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. 63.61 |
|
|
1 |
Rs. 97.26 |
|
Euro |
1 |
Rs. 69.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
13 |
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.