MIRA INFORM REPORT
|
Report No. : |
324882 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEGREMONT PRIVATE LIMITED |
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|
|
|
Formerly Known
As : |
DEGREMONT LIMITED |
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Registered Office
: |
L GF A-1/132, Safdarjung Enclave, New Delhi – 10029, Delhi |
|
Tel. No.: |
91-11-26167732 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.12.2013 |
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|
Date of
Incorporation : |
14.08.1986 |
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Com. Reg. No.: |
55-025120 |
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Capital
Investment / Paid-up Capital : |
Rs. 160.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197DL1986PTC025120 |
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|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELDO6254D |
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PAN No.: [Permanent Account No.] |
AAACDO136D |
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Legal Form : |
Public Limited liability Company |
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Line of Business
: |
Providing of water treatment solutions and services. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent for the year
December 2013. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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 |
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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) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. D. K. Gandhi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-124-4080120 |
|
Date : |
29.05.2015 |
LOCATIONS
|
Registered Office : |
L GF A-1/132, Safdarjung Enclave, New Delhi – 10029, Delhi, India |
|
Tel. No.: |
91-11-26167732 |
|
Mobile No.: |
Not Available |
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Fax No.: |
91-11-26105946 |
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E-Mail : |
|
|
Website : |
Not Available |
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|
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Corporate Office : |
(SUEZ Environment) Unitech Business Park, Tower-A, 2nd Floor,
South City-1, Gurgaon-122001, Haryana, India |
DIRECTORS
|
Name : |
Mr. Remi Lantier |
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|
Designation : |
Director |
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|
Address : |
1, Rue Des Trois Freres, 75018, Paris, France |
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Date of Birth/Age : |
19.04.1953 |
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Date of Appointment : |
14.01.2000 |
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DIN No. : |
00238812 |
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Name : |
Mr. Francois Fevrier |
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Designation : |
Director |
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Address : |
31 BD DE Port Royal 75013,
Paris, France |
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Date of Birth/Age : |
16.03.1961 |
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Date of Appointment : |
30.09.2008 |
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DIN No. : |
02321127 |
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Name : |
Mr. Shyam Jee Bhan |
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Designation : |
Managing Direcotr |
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|
Address : |
M 14/16 DLF City ll, Gurgaon – 122002, Haryana, India |
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Date of Birth/Age : |
14.04.1955 |
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Date of Appointment : |
06.07.2011 |
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DIN No. : |
03625508 |
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Other Directorship :
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Name : |
Mr. Mathieu Jean Marie Bernard Le Bourhis |
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Designation : |
Director |
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|
Address : |
21, Rue Carnot, 92300 Levallois Perret, France |
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Date of Birth/Age : |
23.12.1967 |
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Date of Appointment : |
24.04.2014 |
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DIN No. : |
06717078 |
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KEY EXECUTIVES
|
Name : |
Ms. Pooja Sehgal Mehtani |
|
Designation : |
Secretary |
|
Address : |
110-B, First Floor, Krishna Nagar, Safdarjung Enclave. New Delhi –
110029, India |
|
Date of Birth/Age : |
17.12.1977 |
|
Date of Appointment : |
19.09.2005 |
|
PAN No.: |
AWKPS2151G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.06.2014
|
Names of Shareholders |
No. of Shares |
|
Degremont, France |
1595599 |
|
Poomima Gupta |
4395 |
|
AQUATEX, France |
1 |
|
AQUASERVE, France |
1 |
|
Degremont SA, Switzerland |
1 |
|
Degremont France |
1 |
|
Francois Fevrier |
1 |
|
Anis Benmoussa, India |
1 |
|
Total |
1600000 |
As on 24.06.2014
|
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 |
99.73 |
|
Other |
0.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing of water treatment solutions and services. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Auditors : |
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|
Name : |
S. P. Puri and Company Chartered Accountants |
|
Address : |
4/18, Asaf Ali Road, New Delhi – 110002, India |
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Tel. No.: |
91-11-23274888/ 23277410 |
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Fax No.: |
91-11-23272805 |
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E-Mail : |
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Pan No.: |
AACFS2752D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding : |
Suez Environnement SAS |
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Holding Company : |
Degremont - France |
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Fellow Subsidiaries
: |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.100/- each |
Rs. 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
Rs.100/- each |
Rs.160.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
160.000 |
160.000 |
160.000 |
|
(b) Reserves &
Surplus |
338.915 |
181.930 |
16.959 |
|
(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) |
498.915 |
341.930 |
176.959 |
|
|
|
|
|
|
(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 |
2.781 |
14.667 |
77.483 |
|
(d) long-term provisions |
9.815 |
8.406 |
11.712 |
|
Total Non-current Liabilities
(3) |
12.596 |
23.073 |
89.195 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1016.153 |
1042.854 |
968.439 |
|
(c) Other current
liabilities |
381.811 |
558.124 |
903.473 |
|
(d) Short-term provisions |
146.280 |
263.804 |
384.424 |
|
Total Current Liabilities
(4) |
1544.244 |
1864.782 |
2256.336 |
|
|
|
|
|
|
TOTAL |
2055.755 |
2229.785 |
2522.490 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.769 |
10.918 |
11.724 |
|
(ii) Intangible Assets |
10.084 |
5.105 |
5.519 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
197.261 |
126.708 |
42.638 |
|
(e) Other Non-current
assets |
78.934 |
9.341 |
1.675 |
|
Total Non-Current Assets |
300.048 |
152.072 |
61.556 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.944 |
8.756 |
6.405 |
|
(c) Trade receivables |
1093.515 |
1318.367 |
927.978 |
|
(d) Cash and cash
equivalents |
313.720 |
363.766 |
470.234 |
|
(e) Short-term loans and
advances |
218.383 |
169.975 |
287.372 |
|
(f) Other current assets |
113.145 |
216.849 |
768.945 |
|
Total Current Assets |
1755.707 |
2077.713 |
2460.934 |
|
|
|
|
|
|
TOTAL |
2055.755 |
2229.785 |
2522.490 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2710.212 |
2201.453 |
3250.862 |
|
|
Other Income |
149.019 |
161.897 |
23.828 |
|
|
TOTAL (A) |
2859.231 |
2363.350 |
3274.690 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1984.482 |
1632.444 |
3174.645 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
322.710 |
255.597 |
475.961 |
|
|
Other expenses |
368.402 |
256.045 |
775.065 |
|
|
TOTAL (B) |
2675.594 |
2144.086 |
4425.671 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
183.637 |
219.264 |
(1150.981) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
18.433 |
50.412 |
179.713 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
165.204 |
168.852 |
(1330.694) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.987 |
3.882 |
11.187 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
158.217 |
164.970 |
(1341.881) |
|
|
|
|
|
|
|
Less |
TAX (I) |
1.232 |
0.000 |
46.437 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
156.985 |
164.970 |
(1388.318) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
(1345.870) |
(1510.840) |
(122.522) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(1188.885) |
(1345.870) |
(1510.840) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
98.00 |
103.00 |
(1488.00) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
192.750 |
392.983 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.79 |
7.49 |
-42.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.78 |
9.96 |
-35.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.70 |
7.40 |
-53.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.48 |
-7.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.56 |
2.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.11 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
160.000 |
160.000 |
160.000 |
|
Reserves & Surplus |
16.959 |
181.930 |
338.915 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
176.959 |
341.930 |
498.915 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
392.983 |
192.750 |
0.000 |
|
Total borrowings |
392.983 |
192.750 |
0.000 |
|
Debt/Equity ratio |
2.221 |
0.564 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3250.862 |
2201.453 |
2710.212 |
|
|
|
(32.281) |
23.110 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3250.862 |
2201.453 |
2710.212 |
|
Profit |
(1388.318) |
164.970 |
156.985 |
|
|
(42.71%) |
7.49% |
5.79% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
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 |
10540730 |
19/12/2014 |
3,006,600.00 |
THE ROYAL BANK OF SCOTLAND N. V. |
4, NORTH AVENUE, LEVEL 3, MAKER MAXITY, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
C39287206 |
|
2 |
10239767 |
01/09/2010 |
200,000,000.00 |
SOCIETE GENERALE |
6TH FLOOR,
MOHANDEV, 13, TOLSTOY MARG, NEW DELHI, |
A94632676 |
|
3 |
90043763 |
03/09/2009 * |
750,000,000.00 |
CALYON BANK |
6TH FLOOR, BIRLA TOWER, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
A68769231 |
|
4 |
90043636 |
07/05/2007 * |
400,000,000.00 |
BNP PARIBAS. |
1ST FLOOR, EAST TOWER (SOOD TOWER), 25, BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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. 64.18 |
|
|
1 |
Rs. 98.30 |
|
Euro |
1 |
Rs. 72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.
S