MIRA INFORM REPORT

 

 

Report No. :

325460

Report Date :

03.06.2015

 

IDENTIFICATION DETAILS

 

Name :

PLASSER (INDIA) PRIVATE LIMITED

 

 

Registered Office :

Mohinder Puri and Company, 1A-D Vandhna Building, 11, Tolstory Marg , New Delhi  -110001

Tel. No.:

91-129-4292600

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.05.1978

 

 

Com. Reg. No.:

55-008974

 

 

Capital Investment / Paid-up Capital :

Rs. 7.200 Million

 

 

 

CIN No.:

[Company Identification No.]

U74899DL1978PTC008974

 

 

IEC No.:

0588109908

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELP00879E

 

 

PAN No.:

[Permanent Account No.]

AAACP6670L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Railway Track Maintenance Machines and parts. 

 

 

No. of Employees :

250 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (72)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 3000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well –established company having fine track record.

 

The rating reflects company’s established position in railway track maintenance business supported by comfortable financial risk profile with zero debt balance sheet and strong liquidity position of the company.

 

Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment.

 

The company can be considered good for normal 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

CARE

Rating

Long – term Bank Facility = AA-

Rating Explanation

High degree of safety and very low credit risk.

Date

01.04.2015

 

Rating Agency Name

CARE

Rating

Short – term Bank Facility = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

01.04.2015

 

 

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 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Ms. Sarita

Designation :

Front Office Executive

Contact No.:

91-129-4292600

Date :

01.06.2015

 

 

LOCATIONS

 

Registered Office :

Mohinder Puri and Company, 1A-D Vandhna Building, 11, Tolstory Marg , New Delhi  -110001, India

Tel. No.:

91-11-23351935

Fax No.:

91-11-23313908

E-Mail :

rakhi@mpco.com

Website :

http://www.plazzertheurer.com

Location :

Owned

Locality :

Commercial

 

 

Factory :

13th Milestone, Mathura Road, Gurukul Indraprastha Estate, P.O Amar Nagar, Faridabad - 121003, Haryana, India

Tel. No.:

91-129 - 4292600 

Fax No.:

91-129 - 4292626, 4292627, 4292628

E-Mail :

plasser@plasserindia.com

 

 

DIRECTORS

 

AS ON 11.09.2014

 

Name :

Mr. Vikas Vig

Designation :

Alternate Director

Address :

B-120, Gujranwala Town, New Delhi, India

Date of Birth/Age :

07.10.1952

Date of Appointment :

01.05.2013

DIN No.:

00003013

PAN No.:

AADPV1886A

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18907GJ1993PLC018901

BELL GRANITO CERAMICA LIMITED

Director

29-01-1993

29-01-1993

27-06-2011

Active

NO

2

U67190DL1996PTC078228

R P MALHAN AND COMPANY PRIVATE LIMITED

Director

17-04-1996

17-04-1996

07-10-2009

Active

NO

3

U67190DL1996PTC078233

MOHINDER PURI AND COMPANY PRIVATE LIMTED

Director

17-04-1996

17-04-1996

-

Active

NO

4

U27205DL1996PTC082592

SWAROVSKI INDIA PRIVATE LIMITED.

Director

11-10-1996

11-10-1996

09-12-2009

Active

NO

5

U29199DL1996PTC082591

ENGEL MACHINERY INDIA PRIVATE LIMITED

Director

11-10-1996

11-10-1996

-

Active

NO

6

U51909DL1999PTC097785

ARCTIC TRADING PRIVATE LIMITED

Director

04-01-1999

04-01-1999

15-12-2010

Strike off

NO

7

U74140DL1999PTC097839

VEEM FINE CONSULTING PRIVATE LIMITED

Director

07-01-1999

07-01-1999

-

Active

NO

8

U24247MH1999PTC119120

WELLA INDIA HAIRCOSMETICS PRIVATE LIMITED

Director

20-05-1999

20-05-1999

-

Amalgamated

NO

9

U67120MH1999PTC167800

BPB HOLDINGS INDIA PRIVATE LIMITED

Director

15-11-1999

15-11-1999

-

Amalgamated

NO

10

U80302MH1986PTC040951

ACCESS INFORMATION SYSTEMS PRIVATE LIMITED

Director

28-09-2000

28-09-2000

15-12-2008

Active

NO

11

U74140DL2000PTC107976

JABO INTERNATIONAL ENTERPRISES PRIVATE LIMITED.

Director

05-10-2000

05-10-2000

-

Strike off

NO

12

U74899DL2000PTC108734

FULL VIEW CONSULTANTS PRIVATE LIMITED

Director

14-12-2000

14-12-2000

-

Active

NO

13

U26945TN1985PLC095752

SAINT-GOBAIN GYPROC INDIA LIMITED

Director

03-08-2001

03-08-2001

31-12-2009

Amalgamated

NO

14

U74140DL1991PTC044890

ARBITER CONSULTING PRIVATE LIMITED

Director

31-07-2002

31-07-2002

-

Converted to LLP and dissolved

NO

15

U51909DL2002PTC113652

A M COMMODITIES PRIVATE LIMITED

Director

24-04-2003

24-04-2003

-

Strike off

NO

16

U74999DL1990NPL038848

INDIAN COUNCIL OF CERAMIC TILES AND SANITARYWARE

Director

20-06-2003

20-06-2003

25-06-2007

Active

NO

17

U74899DL2004PTC124964

AVIAN MANAGEMENT CONSULTANTS PRIVATE LIMITED

Director

03-03-2004

03-03-2004

-

Active

NO

18

U74140DL2004PTC124745

WTS INDIA PRIVATE LIMITED

Director

08-04-2004

08-04-2004

-

Active

NO

19

U74140DL2004PTC128760

RISHI VANI GUIDANCE PRIVATE LIMITED

Director

02-09-2004

02-09-2004

-

Active

NO

20

U74899DL1995PLC071257

ENERGY INFRASTRUCTURE (INDIA) LIMITED

Director

31-08-2005

31-08-2005

15-12-2008

Active

NO

21

U74140DL1994PTC057018

ASM RESEARCH PRIVATE LIMITED

Director

17-10-2005

17-10-2005

-

Active

NO

22

U74899DL1986PTC024890

IFIS CORPORATE ADVISORY SERVICES PRIVATE LIMITED

Director

08-11-2005

08-11-2005

11-07-2008

Active

NO

23

U74899DL1995PTC069213

ECOTECH AGENCIES AND SEVICES PRIVATE LIMITED

Director

30-09-2006

06-01-2006

-

Strike off

NO

24

U74899DL1978PTC008974

PLASSER (INDIA) PRIVATE LIMITED

Director

30-09-2013

24-11-2006

-

Active

NO

25

U74899DL2005PLC141614

TRICONE PROJECTS INDIA LIMITED

Director

30-06-2008

11-09-2007

08-05-2014

Active

NO

26

U45201DL2005PLC135339

ANTARCTICA PROPERTIES COMPANY LIMITED

Director

30-09-2008

07-02-2008

-

Amalgamated

NO

27

U74140DL2008PTC176661

R P MALHAN & COMPANY CONSULTANTS PRIVATE LIMITED

Director

11-04-2008

11-04-2008

-

Active

NO

28

U74140DL2007PLC163278

ANTARCTICA PROPERTIES COMPANY LIMITED.

Director

28-06-2013

20-11-2008

13-09-2013

Active

NO

29

U74899DL1990PTC040770

AVL INDIA SOFTWARES PRIVATE LIMITED

Alternate director

18-02-2011

18-02-2011

31-03-2015

Active

NO

30

U74210DL1999PTC100132

AVL TECHNICAL CENTRE PRIVATE LIMITED.

Alternate director

18-02-2011

18-02-2011

31-03-2015

Active

NO

31

U74899DL1984PTC018045

AVL INDIA PRIVATE LIMITED

Alternate director

18-02-2011

18-02-2011

31-03-2015

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Sarita

Designation :

Front Office Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 11.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Plasser and Theurer BUF AG, Liechtenstein

59200

82.22

Vig Vikas

6400

8.89

Agarwal KR. Vijay

6400

8.89

Total

72000

100.00

 

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 11.09.2014

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

82.00

Directors or relatives of Directors

18.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Railway Track Maintenance Machines and parts. 

 

 

Products :

Railway Track Maintenance Machines and parts

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Countries :
  • Srilanka
  • Myanmar

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and Retailers

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

250 (Approximately)

 

 

Bankers :

Banker Name

Central Bank Of India

Branch Address

Parliament Street, New Delhi - 110001, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

 

Auditors :

 

Name :

A. Puri and Associates

Chartered Accountants

Address :

2H Vandhna, 11, Tolstoy Marg, New Delhi – 110001, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAAFA0114D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates:
  • Plasser & Theurer, Export von Bahnbaumaschinen G.m.b.H., Austria
  • Franz Plasser Bahnbaumachinen Industriegesellschaft G.m.b.H, Austria

 

 

Holding company:

Plasser & Theurer, B.u.F. AG, Vaduz, Austria

 

 

CAPITAL STRUCTURE

 

AS ON 11.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs.10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

72000

Equity Shares

Rs.100/- each

Rs. 7.200 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

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

7.200

7.200

7.200

(b) Reserves & Surplus

1011.627

854.123

725.505

(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)

1018.827

861.323

732.705

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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

15.991

11.542

6.811

Total Non-current Liabilities (3)

15.991

11.542

6.811

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

49.650

42.167

45.323

(c) Other current liabilities

83.934

105.515

80.059

(d) Short-term provisions

245.584

33.359

199.399

Total Current Liabilities (4)

379.168

181.041

324.781

 

 

 

 

TOTAL

1413.986

1053.906

1064.297

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

77.230

74.686

69.920

(ii) Intangible Assets

35.292

43.354

9.961

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

22.344

21.447

18.253

(d)  Long-term Loan and Advances

68.249

44.134

21.438

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

203.115

183.621

119.572

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

395.973

320.420

295.934

(c) Trade receivables

261.037

243.959

174.008

(d) Cash and cash equivalents

426.567

164.442

353.555

(e) Short-term loans and advances

116.356

136.820

116.714

(f) Other current assets

10.938

4.644

4.514

Total Current Assets

1210.871

870.285

944.725

 

 

 

 

TOTAL

1413.986

1053.906

1064.297

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

 NA

 NA

 NA

 

Other Income

 NA

 NA

 NA

 

TOTAL (A)

 NA

 NA

 NA

 

 

 

 

 

Less

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

681.505

690.146

712.331

 

 

 

 

 

Less

TAX

229.174

226.807

231.237

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

452.331

463.339

481.094

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

62.82 

64.35

98.93

 

 

 

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

Return on Total Assets

(PBT/Total Assets}

(%)

NA

66.86

68.10

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.67

0.80

0.97

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

3.19

4.81

2.91

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

7.200

7.200

7.200

Reserves & Surplus

725.505

854.123

1011.627

Net worth

732.705

861.323

1018.827

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

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

No

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

Yes

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

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

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

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90045832

17/01/2004 *

143,000,000.00

CENTRAL BANK OF INDIA

PARLIAMENT STREET, NEW DELHI, Delhi - 110001, INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

 

Tangible assets

 

Intangible assets

Computer software

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.83

UK Pound

1

Rs.97.10

Euro

1

Rs.69.74

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

8

--LIQUIDITY

1~10

8

--LEVERAGE

1~10

8

--RESERVES

1~10

8

--CREDIT LINES

1~10

8

--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

 

72

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.