MIRA INFORM REPORT
|
Report No. : |
310735 |
|
Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AILSINGHANI TRANSPORT PRIVATE LIMITED |
|
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|
|
Registered
Office : |
Office No.201/202, 2nd Floor, Kalpruksha Society, R.H.B.
Road, Behind Prem Ashish Building, Mulund (West), Mumbai – 400080,
Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
15.04.1997 |
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Com. Reg. No.: |
11-107278 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.600 Million |
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|
CIN No.: [Company Identification
No.] |
U63000MH1997PTC107278 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing clearing and forwarding, transportation and logistics
solution. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. General financial position of the company seems to be sound and
healty. Liquidity position of the company is fair. 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.
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) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Jairam |
|
Designation : |
Internal Auditor |
|
Contact No.: |
91-9764427888 |
|
Date : |
04.03.2015 |
LOCATIONS
|
Registered Office : |
Office No.201/202, 2nd Floor, Kalpruksha Society, R.H.B.
Road, Behind Prem Ashish Building, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Head Office : |
Ailsinghani Chambers, 5th Floor, Kalyan Ambernath Road,
Near SBI, Ulhasnagar - 421003, Thane,
Mahrashtra, India |
|
Tel No.: |
91-251-2708546/2707167 |
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E-Mail : |
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|
Corporate Office : |
The affairs office no. 1201, 12th Floor, Plot No. 9, Sector
17, Sanpada, Navi Mumbai – 400705, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Bhagatsingh Ailsinghani |
|
Designation : |
Director |
|
Address : |
Row House No. 1, Jimmy Park – 1, Nerul, Navi Mumbai, Maharashtra,
India |
|
Date of Birth/Age : |
25.02.1958 |
|
Date of Appointment : |
15.04.1997 |
|
DIN No.: |
00641003 |
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|
|
|
Name : |
Amarsingh A Ailsinghani |
|
Designation : |
Director |
|
Address : |
Flat No. 33, Sridhar Smruti, Eksar Road, Boriwali (West), Mumbai –
400092, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1963 |
|
Date of Appointment : |
01.01.2004 |
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DIN No.: |
00641314 |
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|
|
|
Name : |
Rajkumar Nandwani |
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Designation : |
Director |
|
Address : |
Flat No. 703, Building No. 17, Indradrashan, Shree Swami Samarth
Nagar, Andheri (West), Mumbai – 400 058, Maharashtra, India |
|
Date of Birth/Age : |
04.04.1961 |
|
Date of Appointment : |
01.01.2002 |
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DIN No.: |
00640063 |
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|
|
|
Name : |
Manish Ailsinghani |
|
Designation : |
Director |
|
Address : |
Jaihind Society, Building No. 2, Flat No. 14, Bail Bazar, Kalyan,
Thane, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1986 |
|
Date of Appointment : |
10.04.2008 |
|
DIN No.: |
00640977 |
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|
|
|
Name : |
Pawankumar Ailsinghani |
|
Designation : |
Chairman |
|
Address : |
Ajit Baug Bhavan, Section – 17, Near Shiv Mandir Tekdi, Ulhasnagar,
Thane, Mahrashtra, India |
|
Date of Birth/Age : |
12.02.1989 |
|
Date of Appointment : |
01.12.2007 |
|
DIN No.: |
00641314 |
|
|
|
|
Name : |
Nanda Ailsinghani |
|
Designation : |
Director |
|
Address : |
Ajit Baug Bhavan, Section -17, Near Shiv Mandir Tekdi, Ulhasnagar,
Thane, Maharashtra, India |
|
Date of Birth/Age : |
29.12.1967 |
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Date of Appointment : |
27.12.2007 |
|
DIN No.: |
02254344 |
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Name : |
Sony Ailsinghani |
|
Designation : |
Director |
|
Address : |
S – 17, Tekdi, Hill Top Sociey, Ulhasnagar, Thane – 421003,
Mahrashtra, India |
|
Date of Birth/Age : |
22.08.1985 |
|
Date of Appointment : |
27.12.2007 |
|
DIN No.: |
02151829 |
KEY EXECUTIVES
|
Name : |
Mr. Jairam |
|
Designation : |
Internal Auditor |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ailsinghani Balusingh Ajitsingh |
|
100 |
|
Ailsinghani Ajitsingh Bhagatsingh |
|
100 |
|
Nandwani Vishindas Rajkumar |
|
35100 |
|
Ailsinghani Ajitsingh Amarsingh |
|
100 |
|
Ailsinghani Ajitsingh Kamalsingh |
|
100 |
|
Nandwani Rajkumar Rupa |
|
100 |
|
Ailsinghani Ajitsingh Bhagbai |
|
100 |
|
Ailsinghani Bhagatsingh Asha |
|
100 |
|
Aislinghani Amarsingh Rajni |
|
100 |
|
Ailsinghani Kamalsingh Nanda |
|
100 |
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|
|
|
|
Total |
|
36000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing clearing and forwarding, transportation and logistics
solution. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower
Parel West , Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
R A Rathi and Associates Chartered Accountant |
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Address : |
501/9, Flower Valley, Eastern Express Highway, Thane, Maharashtra,
India |
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PAN No.: |
AAJPR5769E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36000 |
Equity Shares |
Rs. 100/-
each |
Rs. 3.600
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 |
3.600 |
3.600 |
3.600 |
|
(b) Reserves & Surplus |
250.422 |
208.616 |
163.862 |
|
(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) |
254.022 |
212.216 |
167.462 |
|
|
|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
80.372 |
133.692 |
132.128 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
80.372 |
133.692 |
132.128 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
38.425 |
13.635 |
8.180 |
|
(b) Trade
payables |
104.576 |
94.502 |
106.068 |
|
(c) Other
current liabilities |
36.564 |
24.787 |
17.929 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
179.565 |
132.924 |
132.177 |
|
|
|
|
|
|
TOTAL |
513.959 |
478.832 |
431.767 |
|
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|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
135.932 |
152.948 |
141.235 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
8.206 |
6.102 |
5.267 |
|
(d) Long-term Loan and Advances |
59.296 |
31.451 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
203.434 |
190.501 |
146.502 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
301.305 |
281.547 |
245.656 |
|
(d) Cash
and cash equivalents |
9.220 |
6.784 |
7.730 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
31.879 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
310.525 |
288.331 |
285.265 |
|
|
|
|
|
|
TOTAL |
513.959 |
478.832 |
431.767 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1791.600 |
1804.500 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
58.300 |
64.800 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.53 |
13.71 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.31 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.47 |
0.69 |
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73 |
2.17 |
2.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
3.600 |
3.600 |
3.600 |
|
Reserves & Surplus |
163.862 |
208.616 |
250.422 |
|
Net
worth |
167.462 |
212.216 |
254.022 |
|
|
|
|
|
|
long-term borrowings |
132.128 |
133.692 |
80.372 |
|
Short term borrowings |
8.180 |
13.635 |
38.425 |
|
Total
borrowings |
140.308 |
147.327 |
118.797 |
|
Debt/Equity
ratio |
0.838 |
0.694 |
0.468 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
1804.500 |
1791.600 |
|
|
|
(0.715) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1804.500 |
1791.600 |
|
Profit |
64.800 |
58.300 |
|
|
3.59% |
3.25% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: CURRENT
MATURITY LONG TERM DEBT DETAILS ARE NOT
AVAILABLE.
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
----------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
----------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10542849 |
02/05/2014 |
2,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
C39453071 |
|
2 |
10523093 |
04/02/2014 |
5,446,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C22514210 |
|
3 |
10523077 |
03/12/2013 |
4,516,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C21913124 |
|
4 |
10523076 |
03/12/2013 |
4,794,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
C21912688 |
|
5 |
10342459 |
10/02/2012 |
10,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B35127703 |
|
6 |
10278812 |
17/03/2011 |
7,982,056.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B10136877 |
|
7 |
10255898 |
15/11/2010 |
2,569,997.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
A99563611 |
|
8 |
10247324 |
27/09/2010 |
4,936,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
A97116313 |
|
9 |
10187613 |
07/11/2009 |
1,309,700.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
A74032301 |
|
10 |
10185481 |
21/10/2009 |
900,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
A72784077 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
30.350 |
5.030 |
|
Total |
30.350 |
5.030 |
FIXED ASSETS
- Building
- Furniture and
Fixture
- Vehicles
- Office
Equipment
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. 61.85 |
|
|
1 |
Rs. 94.96 |
|
Euro |
1 |
Rs. 69.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.