MIRA INFORM REPORT
|
Report No. : |
323530 |
|
Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMRUTHA CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 384/A, Singhura Appartments, RMV II Stage, II Block, Ashwathnagar,
Bangalore – 560094, Karnataka |
|
Tel. No.: |
91-80-41235113 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
11.09.2006 |
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|
|
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Com. Reg. No.: |
08-040465 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 246.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200KA2006PTC040465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA12492E |
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|
|
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PAN No.: [Permanent Account No.] |
AAGCA8774N |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction of Building. |
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|
|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
1100000 USD |
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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. A reserves of the company is low. However, for the financial year ended
2014, the company has reported decent operational performance and it has
achieved topline growth of 50.42%. Profitability margins of the company stood
at 4.017%. Rating also takes into account of company’s sound operational track
record backed by promoter’s extensive industry experience. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of adequate operational base, 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 – 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Laxmikant |
|
Designation : |
Finance |
|
Contact No.: |
91-80-41235113 |
|
Date : |
20.05.2015 |
LOCATIONS
|
Registered Office : |
No. 384/A, Singhura Appartments, RMV II Stage, II Block, Ashwathnagar,
Bangalore – 560094, Karnataka, India |
|
Tel. No.: |
91-80-41235113 |
|
Fax No.: |
91-80-41235953 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Pichakal Venkateshwar Rao |
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|
Designation : |
Managing Director |
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|
Address : |
No. 384/A, Sindhura Appartment, RMV 2nd Stage, 2nd
Blcok, Geddala Halli, Bangalore – 560094, Karnataka, India |
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|
Date of Birth/Age : |
01.08.1960 |
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Date of Appointment : |
11.09.2006 |
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DIN No.: |
00651696 |
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Other Directorship:
|
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Name : |
Pichakal Padmavati |
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|
Designation : |
Director |
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|
Address : |
#384/A, Sindhura, Geddalahalli, Bangalore – 560094, Karnataka, India |
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|
Date of Birth/Age : |
10.05.1964 |
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Date of Appointment : |
11.09.2006 |
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DIN No.: |
01558582 |
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Name : |
Pitchikala Amrutha |
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|
Designation : |
Director |
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|
Address : |
#384/A, Sindhura, Geddalahalli, Bangalore – 560094, Karnataka, India |
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|
Date of Birth/Age : |
30.05.1987 |
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Date of Appointment : |
11.09.2006 |
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DIN No.: |
01534667 |
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Pitchkala Amala |
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Designation : |
Director |
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|
Address : |
#384/A, Sindhura, Geddalahalli, Bangalore – 560094, Karnataka, India |
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Date of Birth/Age : |
21.09.1989 |
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Date of Appointment : |
07.07.2014 |
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DIN No.: |
02997249 |
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Shrinivasa Bheemaraju Manne |
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|
Designation : |
Director |
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|
Address : |
Kotayya Camp, Hosekera, Koppal – 583268, Karanataka, India |
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Date of Birth/Age : |
01.03.1969 |
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Date of Appointment : |
08.08.2014 |
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|
DIN No.: |
06944647 |
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KEY EXECUTIVES
|
Name : |
Mr. Laxmikant |
|
Designation : |
Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
76.22 |
|
Other top fifty shareholders |
23.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of Building. |
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|
|
|
Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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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 : |
Sheela S Reddy Chartered Accountant |
|
Address : |
House No.6-1-1906/A, Shambavi, Adarsh Colony, Sindhanur, Karnataka,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
CKZPS6090P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2460000 |
Equity Shares |
Rs.100/- each |
Rs. 246.000
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 |
246.000 |
49.000 |
49.000 |
|
(b) Reserves & Surplus |
153.964 |
211.246 |
134.356 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
1.000 |
1.000 |
|
Total
Shareholders’ Funds (1) + (2) |
399.964 |
261.246 |
184.356 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
410.955 |
134.363 |
23.275 |
|
(b) Deferred tax liabilities (Net) |
0.701 |
1.664 |
0.342 |
|
(c) Other long term
liabilities |
49.837 |
23.255 |
13.187 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
461.493 |
159.282 |
36.804 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
414.619 |
357.396 |
253.705 |
|
(b) Trade
payables |
267.159 |
30.558 |
270.209 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
17.597 |
7.259 |
5.128 |
|
Total Current
Liabilities (4) |
699.375 |
395.213 |
529.042 |
|
|
|
|
|
|
TOTAL |
1560.832 |
815.741 |
750.202 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
258.252 |
201.779 |
56.289 |
|
(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 |
0.647 |
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 |
0.750 |
0.750 |
0.014 |
|
Total Non-Current
Assets |
259.649 |
202.529 |
56.303 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
70.525 |
55.217 |
17.904 |
|
(c) Trade
receivables |
142.112 |
94.803 |
35.244 |
|
(d) Cash
and cash equivalents |
12.179 |
22.487 |
251.159 |
|
(e)
Short-term loans and advances |
1027.173 |
428.956 |
384.398 |
|
(f) Other
current assets |
49.194 |
11.749 |
5.194 |
|
Total
Current Assets |
1301.183 |
613.212 |
693.899 |
|
|
|
|
|
|
TOTAL |
1560.832 |
815.741 |
750.202 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
3454.276 |
2296.386 |
1859.112 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3243.649 |
2181.295 |
1746.128 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
210.627 |
115.091 |
112.984 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
71.909 |
38.201 |
37.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
138.718 |
76.890 |
75.722 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
56.38 |
31.25 |
30.78 |
|
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 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.50 |
14.11 |
15.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53 |
0.44 |
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.06 |
1.88 |
1.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86 |
1.55 |
1.31 |
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 |
49.000 |
49.000 |
246.000 |
|
Reserves & Surplus |
134.356 |
211.246 |
153.964 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
1.000 |
1.000 |
|
Net
worth |
183.356 |
261.246 |
400.964 |
|
|
|
|
|
|
long-term borrowings |
23.275 |
134.363 |
410.955 |
|
Short term borrowings |
253.705 |
357.396 |
414.619 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
276.980 |
491.759 |
825.574 |
|
Debt/Equity
ratio |
1.511 |
1.882 |
2.059 |
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 |
1859.112 |
2296.386 |
3454.276 |
|
|
|
23.521 |
50.422 |
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 |
1859.112 |
2296.386 |
3454.276 |
|
Profit |
75.722 |
76.890 |
138.718 |
|
|
4.07% |
3.35% |
4.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from #311, 1st Floor, West Minster Building Cunningham Road,
Bangalore – 560052, Karnataka, India to the
present address w.e.f. 20.07.2012.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
0.027 |
11.329 |
|
|
|
|
|
Total |
0.027 |
11.329 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10556547 |
28/02/2015 |
3,232,684.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
C47498944 |
|
2 |
10501433 |
14/04/2014 |
10,400,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge C |
C02636546 |
|
3 |
10452632 |
31/08/2013 |
20,621,500.00 |
ING VYSYA BANK LIMITED |
Foundation House No.-
40, 2nd Main Road, 2nd Floor |
B86473816 |
|
4 |
10443381 |
05/08/2013 |
9,224,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B82271974 |
|
5 |
10442039 |
18/06/2013 |
3,720,752.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
B81690794 |
|
6 |
10439108 |
31/05/2013 |
2,560,802.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
B80464126 |
|
7 |
10439115 |
31/05/2013 |
2,560,802.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
B80480999 |
|
8 |
10439117 |
31/05/2013 |
2,560,802.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
B80481179 |
|
9 |
10439119 |
31/05/2013 |
2,560,802.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD,
CHENNAI, Tamil Nadu - 600002, IN |
B80479611 |
|
10 |
10414311 |
22/03/2013 |
1,489,500.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, West Be |
B71626956 |
* Date of charge modification
FIXED ASSETS
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
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. 63.86 |
|
|
1 |
Rs. 98.89 |
|
Euro |
1 |
Rs. 70.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
41 |
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.