MIRA INFORM REPORT
|
Report No. : |
308642 |
|
Report Date : |
23.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PACKTECH MATERIALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No. 69, Hasti Indl Premises Co – Op Soc. Ltd. Plot No. R-798,
Mahape Navi Mumbai - 40070,
Maharashtra |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.03.2010 |
|
|
|
|
Com. Reg. No.: |
11-200639 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2010PTC200639 |
|
|
|
|
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
: |
Trading, Exporting, Importing of Dry Fruits, Chikki and Spices |
|
|
|
|
No. of Employees
: |
30 (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 31000 |
|
|
|
|
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. The company has low reserves and low profit margin during FY 2014. However, Trade relation seems to be fair. Business is active. Payment
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Chirag Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-9820331465 |
|
Date : |
13.03.2015 |
LOCATIONS
|
Registered Office / warehouse : |
Gala No. 69, Hasti Indl Premises Co – Op Soc. Ltd. Plot No. R-798, Mahape Navi Mumbai - 40070, Maharashtra |
|
Tel. No.: |
91-22-27780987/27788200 |
|
Mobile No.: |
91-9820331465 (Mr. Chirag Mehta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
As on : 30.09.2014
|
Name : |
Mr. Pradip Popatlal Mehta |
|
Designation : |
Managing Director |
|
Address : |
B/303, Jai Apartment, Nehru Road, Opp. Record Hotel, Santacruz, Mumbai – 400055,
Maharashtra, India |
|
Date of Appointment : |
08.03.2010 |
|
DIN No.: |
02859406 |
|
|
|
|
Name : |
Mrs. Snehlata Pradip Mehta |
|
Designation : |
Managing Director |
|
Address : |
B/303.304, Jai Apartment, Nehru Road, Santacruz, Mumbai – 400055,
Maharashtra, India |
|
Date of Appointment : |
08.03.2010 |
|
DIN No.: |
02874441 |
|
|
|
|
Name : |
Mrs. Urvashi Chirag Mehta |
|
Designation : |
Director |
|
Address : |
B/303.304, Jai Apartment, Nehru Road, Santacruz, Mumbai – 400055,
Maharashtra, India |
|
Date of Appointment : |
13.12.2010 |
|
DIN No.: |
02873456 |
|
|
|
|
Name : |
Mr. Chirag Pradip Mehta |
|
Designation : |
Director |
|
Address : |
304, Jai Apartment, Nehru Road, Santacruz, Mumbai – 400055,
Maharashtra, India |
|
Date of Appointment : |
13.12.2010 |
|
DIN No.: |
02859321 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Pradip Mehta |
256693 |
28.00 |
|
Snehlata Mehta |
266693 |
29.09 |
|
Pradip Chirag Mehta |
191693 |
20.91 |
|
Chirag Urvashi Mehta |
201693 |
22.00 |
|
Total |
916772 |
100.00 |
As on : 15.07.2014
|
Names of Allotee |
No. of Shares |
|
Pradip Mehta |
141693 |
|
Chirag Mehta |
141693 |
|
Snehlata Mehta |
141693 |
|
Urvashi Mehta |
141693 |
|
Total |
566772 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading, Exporting, Importing of Dry Fruits, Chikki and Spices |
|
|
|
|
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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Countries : |
Iran |
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Imports : |
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Countries : |
China |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
MSB and Associates Chartered Accountant |
|
Address : |
11 Om Nikanth tirth Chs ltd., Rambaug 4, Kalyan West – 421301, Mumbai
– 421301, Maharashtra, India |
|
Mobile No.: |
91-9833290800 |
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E-Mail : |
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PAN No.: |
ALBPB9204H |
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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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
916772 |
Equity Shares |
Rs.10/- each |
Rs.9.168
Million |
|
|
|
|
|
As on : 30.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500
Million |
|
|
Share Application Money Pending Allotment |
|
Rs.5.668
Million |
|
|
Total |
|
Rs.9.168
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 |
3.500 |
3.500 |
3.500 |
|
(b) Reserves & Surplus |
1.633 |
0.962 |
0.489 |
|
(c) Money received against
share warrants |
5.668 |
5.668 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
10.801 |
10.130 |
3.989 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.293 |
2.109 |
8.487 |
|
(b) Deferred tax liabilities
(Net) |
0.009 |
0.101 |
0.070 |
|
(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) |
1.302 |
2.210 |
8.557 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.011 |
|
(b) Trade payables |
18.404 |
15.229 |
7.800 |
|
(c) Other current liabilities |
1.756 |
0.932 |
0.323 |
|
(d) Short-term provisions |
0.673 |
1.366 |
0.686 |
|
Total
Current Liabilities (4) |
20.833 |
17.527 |
8.820 |
|
|
|
|
|
|
TOTAL |
32.936 |
29.867 |
21.366 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.037 |
1.977 |
0.992 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.004 |
0.007 |
0.011 |
|
Total
Non-Current Assets |
1.041 |
1.984 |
1.003 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.824 |
2.290 |
3.277 |
|
(c) Trade receivables |
24.945 |
21.108 |
15.778 |
|
(d) Cash and cash equivalents |
0.786 |
1.345 |
0.866 |
|
(e) Short-term loans and
advances |
1.432 |
2.660 |
0.125 |
|
(f) Other current assets |
0.908 |
0.480 |
0.317 |
|
Total
Current Assets |
31.895 |
27.883 |
20.363 |
|
|
|
|
|
|
TOTAL |
32.936 |
29.867 |
21.366 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
89.422 |
66.066 |
40.098 |
|
|
|
Other Income |
0.120 |
0.301 |
0.507 |
|
|
|
TOTAL |
89.542 |
66.367 |
40.605 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
77.227 |
57.191 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.534) |
0.987 |
|
|
|
|
Employees benefits expense |
2.430 |
0.991 |
|
|
|
|
Other expenses |
9.408 |
5.016 |
NA |
|
|
|
TOTAL |
87.531 |
64.185 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.011 |
2.182 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.768 |
1.343 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.243 |
0.839 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.339 |
0.158 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.904 |
0.681 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.234 |
0.208 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.670 |
0.473 |
0.445 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.91 |
1.35 |
1.27 |
|
Expected Sales (2014-2015) : Rs.150.000 Million
The above information has been parted by Mr. Chirag Mehta
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
0.75 |
0.72 |
1.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
2.25 |
3.30 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.74 |
2.28 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.07 |
10.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.21 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.59 |
2.31 |
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 |
3.500 |
3.500 |
3.500 |
|
Reserves & Surplus |
0.489 |
0.962 |
1.633 |
|
Money received against share
warrants |
5.668 |
5.668 |
0.000 |
|
Net
worth |
9.657 |
10.130 |
5.133 |
|
|
|
|
|
|
long-term borrowings |
8.487 |
2.109 |
1.293 |
|
Short term borrowings |
0.011 |
0.000 |
0.000 |
|
Total
borrowings |
8.498 |
2.109 |
1.293 |
|
Debt/Equity
ratio |
0.880 |
0.208 |
0.252 |
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) |
|
Sales |
40.098 |
66.066 |
89.422 |
|
|
|
64.761 |
35.353 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Millions |
(Rs.
In Million) |
|
Sales |
40.098 |
66.066 |
89.422 |
|
Profit |
0.445 |
0.473 |
0.670 |
|
|
1.11% |
0.72% |
0.75% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Note :
The registered address of the company has been
shifted from C/13, Plot No. 11A and 11D, MIDC, Punit IND. Co-op. Soc. Ltd. Thane Belapur Road, Turbhe, Navi Mumbai –
400705, Maharashtra, India to the present address w.e.f. 11.10.2012
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Standard Charted Bank |
0.000 |
1.132 |
|
Chirag P. Mehta (Loan from Director) |
(0.565) |
0.201 |
|
Pradeep P. Mehta (Loan from Director) |
3.115 |
0.006 |
|
Snehlata P. Mehta (Loan from Director) |
0.020 |
0.005 |
|
Urvashi C. Mehta (Loan from Director) |
(1.897) |
0.015 |
|
Total |
1.293 |
2.109 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10282549 |
24/03/2011 |
7,500,000.00 |
CANARA BANK |
SANTACRUZ (EAST) BRANCH, LOVELY HOUSE, NEAR MIDLA |
B11293693 |
FIXED ASSETS
- Air
Conditioner
- Computer
- generator
Equipment
- Office
Equipment
- Plant and
machinery
- Vehicles
i)Delivery Van
ii)Motor car
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.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.