MIRA INFORM REPORT

 

 

Report No. :

324097

Report Date :

04.06.2015

 

IDENTIFICATION DETAILS

 

Name :

OASIS ENTERPRISES PRIVATE LIMITED

 

 

Formerly Known As :

GEMINI ALLOYS PRIVATE LIMITED

 

 

Registered Office :

E-312, Greater Kailash, Part-II, New Delhi-110019

Tel. No.:

91-1765-250202/ 250200/ 241782

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

19.03.1986

 

 

Com. Reg. No.:

55-023661

 

 

Capital Investment / Paid-up Capital :

Rs. 29.170 Million

 

 

CIN No.:

[Company Identification No.]

U74899DL1986PTC023661

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACO1020B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Steel Billet Blooms.

 

 

No. of Employees :

100 (Approximately)

 

 

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

 

Maximum Credit Limit :

USD  250000

 

 

Status :

Moderate 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

Subject was incorporated in 1986. Subject is a part of Jogindra Group. It is engaged in the manufacturing of steel billets and steel blooms.

 

Rating takes into consideration, the moderate financial risk profile of the company marked by low profitability and moderate scale of operation.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

In the view of long track record of promoters and strong relationship with its clients, the subject 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 – 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

ICRA

Rating

Long Term Rating:- ICRA ‘BB - ’

Rating Explanation

Inadequate credit quality and high credit risk.

Date

September, 2014

 

Rating Agency Name

ICRA

Rating

Short Term Rating:- ICRA A4

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

September, 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 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Ashok Bansal

Designation :

Chartered Accountant

Contact No.:

91-8146625051

Date :

28.05.2015

 

 

LOCATIONS

 

Registered Office :

E-312, Greater Kailash, Part-II, New Delhi-110019, India

Tel. No.:

Not Available

Mobile No.:

91-8146625051 (Mr. Ashok)/ 9815503187

Fax No.:

Not Available

E-Mail :

apco@ashwanipradeep.com

info@jogindragroup.com 

Website :

www.jogindragroup.com

Location :

Owned

 

 

Factory :

Talwara Road, Sirhind Side, Mandi Gobindgarh-147301, Punjab, India

Tel. No.:

91-1765-250202/ 250200/ 241782

Fax No.:

91-1765-250202/ 252376

 

 

DIRECTORS

 

AS ON 29.09.2014

 

Name :

Mr. Adarsh Garg

Designation :

Whole-Time Director

Address :

H.No.427, Block – B, Sector 4C, Shasri Nagar, Mandi Gobindgarh, Fatehgarh Shahib - 147301, Punjab, India

Date of Birth/Age :

22.07.1985

Date of Appointment :

13.04.2009

PAN No.:

AHJPG5048E

DIN No.:

01972913

Other Directorship :

S.No.

CIN/LLPIN

Nae of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U67120DL1996PTC078814

VIR ARJUN INVESTMENT PRIVATE LIMITED

Director

04-05-2006

04-05-2006

Active

NO

2

U74899DL1986PTC023661

OASIS ENTERPRISES PRIVATE LIMITED

Whole-time director

13-04-2009

13-04-2009

Active

NO

 

 

 

 

Name :

Mr. Sanjay Gupta

Designation :

Additional Director

Address :

Jogindra Castings Private Limited, GT Road, Sirhind Side, Mandi Gobindgarh, Fatehgarh Shahib - 147301, Punjab, India

Date of Birth/Age :

16.08.1964

Date of Appointment :

21.05.2009

PAN No.:

ABLPG8863B

DIN No.:

01506432

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

Company/ LLP Status

Defaulting status

1

U27109PB1992PTC012644

JOGINDRA CASTINGS PRIVATE LIMITED

Director

12-10-1992

12-10-1992

Active

NO

2

U74899DL1986PTC023661

OASIS ENTERPRISES PRIVATE LIMITED

Additional director

21-05-2009

21-05-2009

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ashok Bansal

Designation :

Chartered Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2014

 

Names of Shareholders (Equity Shares)

 

No. of Shares

Mangat Rai Gupta HUF (Class A)

 

1800

Mangat Rai Gupta HUF (Class B)

 

50000

Shailja Bansal (Class A)

 

                  10200

Shailja Bansal (Class B)

 

                  73000

Adarsh Garg (Class A)

 

55100

Adarsh Garg (Class B)

 

36100

Nimitt Gupta (Class A)

 

                  34900

Nimitt Gupta (Class B)

 

27800

VIR Arjun Invt. Private Limited, India (Class B)

 

924000

Raksha Devi (Class B)

 

73000

Mangat Rai Gupta (Class B)

 

105000

Sanjay Kumar HUF (Class B)

 

60000

Sanjay Gupta (Class B)

 

98400

Nishi Gupta (Class B)

 

35000

Surinder Pal (Class B)

 

296700

Renu Bansal (Class B)

 

34500

Aaina Garg (Class B)

 

500

Ashok Kumar (Class B)

 

500

Ashok Kumar Huf (Class B)

 

500

Total

 

1917000

 

Names of Shareholders (Preference Shares)

 

No. of Shares

VIR Arjun Invt. Private Limited, India

 

1000000

Total

 

1000000

 

AS ON 29.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

48.20

Directors or relatives of directors

41.80

Others

10.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Steel Billet Blooms.

 

 

Products :

--

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Raw Material

Countries :

·         New Zealand

·         South Africa

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

PRODUCTION STATUS : NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name:

Vardham Adarsh Ispat Private Limited – Punjab, India

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Company Name:

Minakshi Enterprises – Punjab, India

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Bank Name:

State Bank of Bikaner and Jaipur

Branch:

Harchand Mill Road, Mandi Gobindgarh-147301, Punjab, 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 A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Union Bank of India

Mandi Gobindgarh-147301, Punjab, India

 

·         Bank of Baroda

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term loans from banks

1.119

1.599

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

0.000

95.291

Total

1.119

96.890

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Rajesh Kumar and company

Chartered Accountants

Address :

Street no.1, Professor Colony, Sirhind-140406, Fategarh Sahib, Punjab, India

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

ALQPK3779D

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Others/ Related Party :

Spark Steel Sales, India

 

 

Related Party :

·         Vir Arjun Investment Private Limited, India (U67120DL1996PTC078814)

·         Vardhman Adarsh Ispat Private Limited, India (U27101PB2000PTC023473)

·         Jogindra Iron Store, India

·         Jogindra Gases and Chemicals Private Limited, India (U24111PB1993PTC013426)

·         Jogindra Castings Private Limited, India (U27109PB1992PTC012644)

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2500000

Equity Shares

Rs. 10/- each

Rs. 25.000 Million

2500000

Preference Shares

Rs. 10/- each

Rs. 25.000 Million

 

                                                                 Total

 

Rs. 50.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1917000

Equity Shares

Rs. 10/- each

Rs. 19.170 Million

1000000

Preference Shares

Rs. 10/- each

Rs. 10.000 Million

 

 

 

Rs. 29.170 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

29.170

29.170

29.170

(b) Reserves & Surplus

60.079

58.918

54.536

(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)

89.249

88.088

83.706

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

71.043

74.111

38.832

(b) Deferred tax liabilities (Net)

2.077

3.630

4.896

(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)

73.120

77.741

43.728

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

95.291

114.404

(b) Trade payables

38.955

32.297

45.757

(c) Other current liabilities

70.524

26.821

23.775

(d) Short-term provisions

1.517

1.237

0.000

Total Current Liabilities (4)

110.996

155.646

183.936

 

 

 

 

TOTAL

273.365

321.475

311.370

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

50.940

59.107

66.428

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

16.232

15.747

6.116

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

17.418

22.814

21.940

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

84.590

97.668

94.484

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

57.639

140.143

110.218

(c) Trade receivables

44.512

35.152

65.665

(d) Cash and cash equivalents

10.382

15.005

13.748

(e) Short-term loans and advances

74.531

31.677

26.082

(f) Other current assets

1.711

1.830

1.173

Total Current Assets

188.775

223.807

216.886

 

 

 

 

TOTAL

273.365

321.475

311.370

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Turnover

1205.628

1297.542

1181.608

 

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION                                  

13.220

17.896

17.159

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

11.895

11.539

11.033

 

 

 

 

 

 

PROFIT BEFORE TAX

1.325

6.357

6.126

 

 

 

 

 

Less

TAX                                                                 

0.164

1.975

1.170

 

 

 

 

 

 

PROFIT AFTER TAX                            

1.161

4.382

4.956

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.606

2.286

2.59

 

 

PARTICULARS

 

 

31.03.2016

Projected

31.03.2015

Projected

Sales Turnover (Approximately)

 

1270.000

1270.000

 

 

 

 

 

 

The above information has been parted by Mr. Ashok Bansal (Chartered Accountant)

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.422

0.851

2.557

 

 

 

 

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}

(%)

0.52

2.08

2.01

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.01

0.07

0.07

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.80

1.93

1.86

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.70

1.44

1.18

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

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

29.170

29.170

29.170

Reserves & Surplus

54.536

58.918

60.079

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

83.706

88.088

89.249

 

 

 

 

Long-term borrowings

38.832

74.111

71.043

Short term borrowings

114.404

95.291

0.000

CURRENT MATURITIES OF LONG-TERM DEBTS

2.557

0.851

0.422

Total borrowings

155.793

170.253

71.465

Debt/Equity ratio

1.861

1.933

0.801

 

 

 

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)

Turnover

1181.608

1297.542

1205.628

 

 

9.812

(7.084)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Turnover

1181.608

1297.542

1205.628

Profit

4.956

4.382

1.161

 

0.42%

0.34%

0.10%

 

 

 

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

Yes

19

Major customers

Yes

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

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

10564594

24/04/2015

60,000,000.00

BANK OF BARODA

MILLER GANJ, LUDHIANA- 141003, PUNJAB, INDIA

C51338986

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

LONG-TERM BORROWINGS

 

 

Loans and advances from related parties

59.379

69.933

Other loans and advances

10.545

2.579

Total

69.924

72.512

 

 

FIXED ASSETS:

 

·         Land

·         Buildings

·         Plant and Equipments

·         Vehicles

·         Office Equipments

·         Computer Equipments

 

 

 

 

 

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. 63.85

UK Pound

1

Rs. 98.12

Euro

1

 Rs. 71.28

 

 

INFORMATION DETAILS

 

Information Gathered by :

REK

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--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

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

 

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

 

--

 

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.