MIRA INFORM REPORT
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Report No. : |
326309 |
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Report Date : |
10.06.2015 |
IDENTIFICATION
DETAILS
|
Name : |
GALAXY TRANSMISSIONS PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No. N-3, M,I.D.C. Kupwad, District Sangli, Kupwad – 416436,
Maharashtra |
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Tel. No.: |
91-233-2645671 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.08.2006 |
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Com. Reg. No.: |
11-128935 |
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Capital
Investment / Paid-up Capital : |
Rs. 46.450 Million |
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CIN No.: [Company Identification
No.] |
U31200PN2006PTC128935 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCG7097C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Aluminium conductors. |
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No. of Employees
: |
60 (Approximately) |
RATING
& COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Sales turnover of the company has been declined which has resulted a
loss during FY 2014. Further borrowings recorded by the company has also increased.
However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI
DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Raj Kumar Saphle |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9404257975 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. N-3, M,I.D.C. Kupwad, District Sangli, Kupwad – 416436,
Maharashtra, India |
|
Tel. No.: |
91-233-2645671/ 72/ 73 |
|
Mobile No.: |
91-9404257975 (Mr. Raj Kumar Saphle) |
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Fax No.: |
91-233-2645673 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Marketing Office 1: |
5A- Green Acers Salunkhe, Vihar Road, Pune - 411 048,
Maharashtra, India |
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Tel. No.: |
91-20-41201524/ 41201473 |
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Fax No.: |
91-20-41201473 |
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E-Mail : |
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Marketing Office 2: |
8A, Qrein Acrti, Salunkt Vihar Road, Pune – 411046, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sameer Subhash Vhora |
|
Designation : |
Managing Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
22.08.2006 |
|
PAN No.: |
AAJPV9679G |
|
DIN No.: |
00244485 |
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|
|
|
Name : |
Mr. Subhash Vrajlal Vhora |
|
Designation : |
Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
22.08.2006 |
|
PAN No.: |
AAJPV9678G |
|
DIN No.: |
01722038 |
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|
|
|
Name : |
Ms. Kokila Subhash Vhora |
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Designation : |
Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AAJPV9672N |
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DIN No.: |
02018679 |
KEY EXECUTIVE
|
Name : |
Mr. Raj Kumar Saphle |
|
Designation : |
Marketing Manager |
MAJOR
SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Equity
Shares |
No. of Sweat
Equity Shares |
|
Subhash Vrajlal Vhora |
155335 |
-- |
|
Sameer Subhash Vhora |
204694 |
-- |
|
Kokila Subhash Vhora |
79971 |
-- |
|
Dharmendra Jain |
-- |
24500 |
|
Total |
440000 |
24500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS
DETAILS
|
Line of Business : |
Manufacturer and Exporter of Aluminium conductors. |
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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 : |
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Products : |
Aluminium conductors |
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Countries : |
UAE |
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Imports : |
Not Divulged |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V.T.and Associates Chartered Accountants |
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Address : |
4, Chakkeshwari Complex, Vakhar Bhag, Sangli-416416, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPN7638P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
Galaxy Alluminium LLP |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
464500 |
` |
Rs.100/- each |
Rs. 46.450
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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|
|
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|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
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|
(a) Share Capital |
46.450 |
46.450 |
40.000 |
|
(b) Reserves & Surplus |
89.821 |
83.492 |
56.303 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
8.000 |
|
Total
Shareholders’ Funds (1) + (2) |
136.271 |
129.942 |
104.303 |
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|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.753 |
9.689 |
13.095 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
13.007 |
|
(c) Other long term
liabilities |
3.152 |
10.548 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
20.905 |
20.237 |
26.102 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
377.380 |
331.713 |
101.496 |
|
(b) Trade payables |
102.641 |
147.686 |
20.820 |
|
(c) Other current liabilities |
52.488 |
58.165 |
77.977 |
|
(d) Short-term provisions |
8.888 |
10.673 |
3.532 |
|
Total
Current Liabilities (4) |
541.397 |
548.237 |
203.825 |
|
|
|
|
|
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TOTAL |
698.573 |
698.416 |
334.230 |
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
78.543 |
81.871 |
70.404 |
|
(ii) Intangible Assets |
6.003 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
4.855 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.078 |
0.078 |
0.078 |
|
(c) Deferred tax assets (net) |
1.865 |
2.567 |
1.692 |
|
(d) Long-term Loan and Advances |
11.210 |
6.758 |
1.973 |
|
(e) Other Non-current assets |
2.761 |
0.000 |
0.028 |
|
Total
Non-Current Assets |
105.315 |
91.274 |
74.175 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
152.689 |
203.737 |
84.308 |
|
(c) Trade receivables |
350.615 |
213.503 |
105.798 |
|
(d) Cash and cash equivalents |
62.976 |
50.991 |
50.307 |
|
(e) Short-term loans and
advances |
20.539 |
131.111 |
19.642 |
|
(f) Other current assets |
6.439 |
7.800 |
0.000 |
|
Total
Current Assets |
593.258 |
607.142 |
260.055 |
|
|
|
|
|
|
TOTAL |
698.573 |
698.416 |
334.230 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
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|
TOTAL REVENUE |
1834.221 |
1945.301 |
1086.470 |
|
|
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|
TOTAL EXPENSES |
1830.703 |
1916.234 |
1061.654 |
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.575 |
11.472 |
24.816 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
11.058 |
8.865 |
11.413 |
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|
PROFIT/ (LOSS)
BEFORE TAX |
3.517 |
2.907 |
13.403 |
|
|
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|
TAX |
0.702 |
9.431 |
5.259 |
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|
PROFIT/ (LOSS)
AFTER TAX |
(0.850) |
19.636 |
8.145 |
|
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|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
27.859 |
19.714 |
|
|
|
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|
|
|
|
Balance
Carried to the B/S |
NA |
47.495 |
27.859 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.83) |
NA |
NA |
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} |
(%) |
0.51 |
0.42 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.02 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.90 |
2.63 |
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.11 |
1.28 |
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 |
40.000 |
46.450 |
46.450 |
|
Reserves & Surplus |
56.303 |
83.492 |
89.821 |
|
Share Application money pending allotment |
8.000 |
0.000 |
0.000 |
|
Net
worth |
104.303 |
129.942 |
136.271 |
|
|
|
|
|
|
long-term borrowings |
13.095 |
9.689 |
17.753 |
|
Short term borrowings |
101.496 |
331.713 |
377.380 |
|
Total
borrowings |
114.591 |
341.402 |
395.133 |
|
Debt/Equity
ratio |
1.099 |
2.627 |
2.900 |
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) |
|
Total Revenue |
1086.470 |
1945.301 |
1834.221 |
|
|
|
79.048 |
(5.710) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
1086.470 |
1945.301 |
1834.221 |
|
Profit |
8.145 |
19.636 |
(0.850) |
|
|
0.75% |
1.01% |
(0.05%) |
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) |
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 |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS RESULTS
During the year, the Company has registered a turnover of Rs. 1834.221 Million as against Rs. 1945.301 Million in the previous year. The Profit before taxes in the current year is Rs. 3.517 Million against Rs. 2.907 Million in the previous year and profit after taxes are Rs. (0.850 Million) as against Rs. 19.636 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from banks |
13.690 |
7.246 |
|
Short-term
borrowings |
|
|
|
Term loans |
(0.012) |
0.000 |
|
Total |
13.678 |
7.246 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10418353 |
02/03/2013 |
12,000,000.00 |
INDIAN BANK |
SANGLI BRANCH,
43/4, VAKHARBAG, HIGHSCHOOL ROAD, |
B72771751 |
|
2 |
10418354 |
02/03/2013 |
22,500,000.00 |
INDIAN BANK |
SANGLI BRANCH,
43/4, VAKHARBAG, HIGHSCHOOL ROAD, |
B72772254 |
|
3 |
10380933 |
21/08/2012 |
147,000,000.00 |
INDIAN BANK |
DECCAN GYMKHANA
BRANCH, 759/62, PRABHAT ROAD, PUN |
B59846964 |
|
4 |
10283746 |
10/03/2011 |
20,000,000.00 |
INDIAN BANK |
DECCAN GYMKHANA
BRANCH, 759/62, PRABHAT ROAD, PUN |
B11741097 |
|
5 |
10198401 |
25/02/2013 * |
100,000,000.00 |
INDIAN BANK |
SANGLI BRANCH,
43/4, VAKHARBAG, HIGHSCHOOL ROAD, |
B72770118 |
|
6 |
10198166 |
21/08/2012 * |
140,000,000.00 |
INDIAN BANK |
DECCAN GYMKHANA
BRANCH, 759/62, PRABHAT ROAD, PUN |
B59839662 |
|
7 |
10198400 |
02/03/2013 * |
350,000,000.00 |
INDIAN BANK |
SANGLI BRANCH,
43/4, VAKHARBAG, HIGHSCHOOL ROAD, |
B72771181 |
|
8 |
10204548 |
02/03/2013 * |
1,229,400,000.00 |
INDIAN BANK |
SANGLI BRANCH, 43/4
VAKHARBAG, HIGHSCHOOL ROAD, S |
B72772924 |
|
9 |
10198999 |
01/01/2010 |
2,500,000.00 |
INDIAN BANK |
DECCAN GYMKHANA
BRANCH, 759/62, PRABHAT ROAD, PUN |
A77747293 |
|
10 |
10198167 |
01/01/2010 |
19,000,000.00 |
INDIAN BANK |
DECCAN GYMKHANA
BRANCH, 759/62, PRABHAT ROAD, PUN |
A77508513 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Bridges roads ports culverts
Intangible assets
- Goodwill
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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
30 |
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.