MIRA INFORM REPORT
|
Report No. : |
320741 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHILWARA FEBPRO PRIVATE LIMITED |
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|
|
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Registered
Office : |
HIG, 1-B-30, Chandra Shekhar Azad Nagar, Bhilwara – 311001, Rajasthan |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.06.2006 |
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Com. Reg. No.: |
17-022627 |
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Capital Investment
/ Paid-up Capital : |
Rs. 3.247 Million |
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CIN No.: [Company Identification
No.] |
U29299RJ2006PTC022627 |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPB02520A |
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PAN No.: [Permanent Account No.] |
AAHFB5438L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Mechanical Allied Product and Service Provider of
Fabrication Job Work. |
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|
|
|
No. of Employees
: |
10 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 40000 |
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Status : |
Satisfactory |
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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 satisfactory track record. Profitability of the company seems to be low during 2014.However,
general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
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. Jai Prakash Gadiya |
|
Designation : |
Director |
|
Contact No.: |
91-9601452072 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office : |
HIG, 1-B-30, Chandra Shekhar Azad Nagar, Bhilwara – 311001, Rajasthan,
India |
|
Tel. No. : |
Not Available |
|
Mobile No. : |
91-9601452072 (Mr. Jai Prakash Gadiya) |
|
Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
E-181, F-182, F-183, Growth Center, RIICO, Bhilwara-311001, Rajasthan, India |
|
Tel. No.: |
91-1482-249097/ 98 |
|
Fax No.: |
91-1482-249099 |
DIRECTORS
As on 19.09.2014
|
Name : |
Mr. Jai Prakash Gadiya |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
1-B-30, Chandra Shekhar Azad Nagar, Bhilwara – 311001, Rajasthan,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
13.06.1960 |
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Date of Appointment : |
08.06.2006 |
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PAN No: |
AATPG6037E |
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DIN No. : |
00223375 |
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Other Directorship :
|
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|
Name : |
Manju Gadiya |
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|
Designation : |
Director |
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|
Address : |
1-B-30, Chandra Shekhar Azad Nagar, Bhilwara – 311001, Rajasthan,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
08.10.1962 |
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Date of Appointment : |
08.06.2006 |
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DIN No. : |
00223432 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Jai Prakash Gadiya |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2014
|
Names of Shareholders |
No. of Shares |
|
Jai Prakash Gadiya |
17250 |
|
Manju Gadiya |
6650 |
|
Jai Prakash Gadiya (HUF) |
1000 |
|
Vinod Singhvi |
635 |
|
Sangeeta Singhvi |
10 |
|
Radhey Shyam Vaishnav |
10 |
|
Gayatri Devi Chobe |
5 |
|
Ronak Maheshwari |
1031 |
|
Ramdev Shares and Securities Services Private Limited |
1875 |
|
Venkateshwara Bunglows Private Limited |
1250 |
|
Duponant Real Estate Private Limited |
625 |
|
Convenient Infratech Private Limited |
625 |
|
Nicolin Constructions Private Limited |
1250 |
|
Pulkit Maheshwari |
250 |
|
Ranjana Kacholiya |
5 |
|
Total |
32471 |
As on 19.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
17.32 |
|
Directors or relatives of Directors |
80.63 |
|
Other top fifty shareholders |
2.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mechanical Allied Product and Service Provider of
Fabrication Job Work. |
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|
|
|
Products/ Services : |
·
Ducts / Chutes / Hoppers / Bins / Tanks. ·
Structural Items for Sugar Plant / Power
Plants / Cement Plants / Boilers. ·
Stainless Steel Fabrication ·
Venting Pipes, Duct, Miter Bends, Reducer,
Tees, And Dampers For Cement Plant ·
Coarse Screen For Water Sump (power Plant) ·
Base Frames (for Motors / Gear Boxes /
Other Machineries) ·
Elevator Hoist / Platform For RCC Chimney ·
Drive Car Assemblies / Transfer Trolleys
(asbestos Pipe Industries). ·
Machining Jobs ·
All Grades Steel Casting / Cast Iron
Casting |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
Cash and Credit [30 days, 60 days and 90 days] |
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Purchasing : |
Cash and Credit [30 days, 60 days and 90 days] |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
10 (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 : |
A.L. Chechani and Company Chartered Accountants |
|
Address : |
17, Heera Panna Market, Pur Road, Bhilwara – 311001, Rajasthan, India |
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Tel. No. : |
91-1482247401/247402 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFA6296B |
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Memberships : |
-- |
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Collaborators : |
--- |
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Related Party : |
Subhi Synthetics Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
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 |
|
|
|
|
|
|
32471 |
Equity Shares |
Rs.100/- each |
Rs. 3.247 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 |
3.247 |
3.247 |
3.247 |
|
(b) Reserves & Surplus |
10.907 |
10.031 |
9.334 |
|
(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) |
14.154 |
13.278 |
12.581 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred Tax Liabilities (Net) |
1.107 |
1.079 |
0.856 |
|
(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) |
1.107 |
1.079 |
0.856 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
42.410 |
72.979 |
34.239 |
|
(b) Trade
Payables |
18.062 |
10.967 |
16.488 |
|
(c) Other
Current Liabilities |
1.778 |
1.371 |
0.702 |
|
(d) Short-Term
Provisions |
0.219 |
0.209 |
0.283 |
|
Total Current
Liabilities (4) |
62.469 |
85.526 |
51.712 |
|
|
|
|
|
|
TOTAL |
77.730 |
99.883 |
65.149 |
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|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
19.453 |
19.854 |
20.016 |
|
(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 |
0.613 |
0.396 |
0.306 |
|
(e) Other
Non-Current Assets |
5.212 |
9.713 |
2.352 |
|
Total Non-Current
Assets |
25.278 |
29.963 |
22.674 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
32.082 |
29.789 |
20.852 |
|
(c) Trade
Receivables |
15.446 |
19.438 |
17.438 |
|
(d) Cash
and Cash Equivalents |
4.513 |
20.443 |
0.332 |
|
(e)
Short-Term Loans and Advances |
0.409 |
0.250 |
0.492 |
|
(f) Other
Current Assets |
0.002 |
0.000 |
3.361 |
|
Total
Current Assets |
52.452 |
69.920 |
42.475 |
|
|
|
|
|
|
TOTAL |
77.730 |
99.883 |
65.149 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
164.111 |
87.340 |
73.509 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.013 |
2.561 |
2.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.884 |
1.430 |
0.996 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.129 |
1.130 |
1.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.253 |
0.433 |
0.534 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.876 |
0.697 |
0.955 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.97 |
21.47 |
29.41 |
|
Expected Sales (2014-2015): Rs. 18.000 Million
The above information has been parted by Mr. Mr. Jai Prakash Gadiya
(Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.53 |
0.80 |
1.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.84 |
2.93 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.45 |
1.13 |
2.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.09 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.00 |
5.50 |
2.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.82 |
0.82 |
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 |
3.247 |
3.247 |
3.247 |
|
Reserves & Surplus |
9.334 |
10.031 |
10.907 |
|
Net
worth |
12.581 |
13.278 |
14.154 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
34.239 |
72.979 |
42.410 |
|
Total
borrowings |
34.239 |
72.979 |
42.410 |
|
Debt/Equity
ratio |
2.721 |
5.496 |
2.996 |
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 |
73.509 |
87.340 |
164.111 |
|
|
|
18.815 |
87.899 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
73.509 |
87.340 |
164.111 |
|
Profit |
0.955 |
0.697 |
0.876 |
|
|
1.30% |
0.80% |
0.53% |
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 |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
10280763 |
07/04/2011 |
11,000,000.00 |
BARODA RAJASTHAN GRAMIN BANK |
NAGORI GARDEN, BHILWARA-311001, RAJASTHAN , INDIA |
B10703015 |
|
2 |
10242817 |
21/09/2010 |
2,500,000.00 |
BARODA RAJASTHAN GRAMIN BANK |
NAGORI GARDEN, BHILWARA-311001, RAJASTHAN , INDIA |
A96060074 |
|
3 |
10039388 |
07/04/2011 * |
22,500,000.00 |
BARODA RAJASTHAN GRAMIN BANK |
NAGORI GARDEN, BHILWARA-311001, RAJASTHAN , INDIA |
B10703577 |
|
4 |
10039389 |
23/12/2006 |
4,900,000.00 |
BARODA RAJASTHAN GRAMIN BANK |
NAGORI GARDEN, BHILWARA, BHILWARA-31 |
A09975616 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loan repayable on demand From Banks |
4.433 |
0.000 |
|
Loan and advances from related parties |
|
|
|
Jai Parakash Gadiya (HUF) |
0.264 |
0.251 |
|
Jai Parkash Gadiya |
0.054 |
0.554 |
|
Madan lai Gadiya |
0.022 |
0.022 |
|
Ronak Maheshwari |
1.745 |
1.701 |
|
Manju
Gadiya |
3.307 |
1.589 |
|
Rama Maheshwari |
0.459 |
0.405 |
|
Ranjana Kacholiya |
0.000 |
0.268 |
|
From Body Corporate |
6.151 |
41.093 |
|
Total |
16.435 |
45.883 |
OPERATIONS AND FUTURE PLANNING
The company is further planning to expand
business during this year.
FIXED ASSETS
· Free Hold Land
· Building (Including Roads)
· Plant and Machinery
· Furniture and Fixtures and Other
· Vehicle
· Office Equipments
· Computer
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. 64.05 |
|
|
1 |
Rs. 99.04 |
|
Euro |
1 |
Rs. 71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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.