MIRA INFORM REPORT
|
Report No. : |
323729 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
POONA DAL AND BESAN MILLS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
POONA BESAN MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
71/A, Hadapsar Industrial Estate, Pune - 411013, Maharashtra |
|
Tel. No.: |
91-20-26872003 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.05.1985 |
|
|
|
|
Com. Reg. No.: |
11-036382 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15313PN1985PTC036382 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP02880D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2949M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Supplier of all types of Pulses and Flour. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound financial risk profile
marked by low debt levels and decent liquidity position led by the healthy
growth in revenues over the last fiscal. 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. NOTE: 23 AC document for the year 2014 are not available from any
source. |
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
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = BBB + |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limit = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
February 2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Pawan Baldota |
|
Designation : |
Manager |
|
Contact No.: |
91-9422036194 |
|
Date : |
22.05.2015 |
LOCATIONS
|
Registered Office : |
71/A, Hadapsar Industrial Estate, Pune - 411013, Maharashtra, India |
|
Tel. No.: |
91-20-26872003/ 4/ 5 |
|
Mobile No.: |
91-9422036194 (Mr. Pawan Baldota) |
|
Fax No.: |
91-20-26873266 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
366, Keshav Nagar, Shikrapur Nagar Road Highway, Shriur, Pune –
411366, Maharashtra, India |
|
Tel No.: |
91-2137-646250 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sujit Deepchand Parakh |
|
Designation : |
Managing director |
|
Address : |
No. 2, Jubilee, Opposite Gurudwara Camp, Pune – 411001, Maharashtra,
India |
|
Date of Birth/Age : |
30.10.1966 |
|
Date of Appointment : |
30.06.2005 |
|
PAN No.: |
AGFPP8935J |
|
DIN No : |
00067011 |
|
|
|
|
Name : |
Mr. Sunil Deepchand Parakh |
|
Designation : |
Whole-time director |
|
Address : |
Bunglow No. 2, Salisbury Park, Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1964 |
|
Date of Appointment : |
30.04.1988 |
|
PAN No.: |
AAXPP9213F |
|
DIN No : |
00053265 |
|
|
|
|
Name : |
Mr. Rajendrakumar Banshilal Bhandari |
|
Designation : |
Whole-time director |
|
Address : |
3761 8, Navi Peth, Ahmednagar – 414001, Maharashtra, India |
|
Date of
Birth/Age : |
21.02.1965 |
|
Date of
Appointment : |
24.07.2010 |
|
DIN No : |
03145839 |
KEY EXECUTIVES
|
Name : |
Mr. Pawan Baldota |
|
Designation : |
Manager |
|
|
|
|
Name : |
S. Krishnamurthy |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Deepchand K. Parakh |
3910 |
|
Deepchand K. Parakh (HUF) |
3600 |
|
Sudarshanbai D. Parakh |
3700 |
|
Rajashree S. Parakh |
3600 |
|
Sujit D. Parakh |
3900 |
|
Meera S. Parakh |
1710 |
|
Jalamchand K. Parakh |
3910 |
|
Jalamchand K. Parakh (HUF) |
3600 |
|
Vijayabai J. Parakh |
3600 |
|
Anushree Swapnil Parakh |
600 |
|
Suraj Sunil Parakh |
3900 |
|
Sunil D. Parakh |
3970 |
|
|
|
|
Total |
40000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
70.73 |
|
Other
top fifty shareholders |
29.27 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Supplier of all types of Pulses and Flour. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
Pulses |
|
Countries : |
· Canada · Australia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
70 (Approximately) |
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Bankers : |
·
Corporation Bank Aditi Commerce Centre, 2406, General Thimayya
Road, Pune - 411001, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat H. Shah and Associates Chartered Accountants |
|
Address : |
B/202, Premanand Park, Wanworie, Pune – 411013,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AVSPS4661A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
· Pulses and Grains International Pte. Limited · Pulses and Grains International Limited |
|
|
|
|
Related Party : |
Parakh and Company |
|
|
|
|
Group Companies: |
· Poona Dal and Oil India Limited · Poona Roller Floor Mill Limited · Poona Floor and Food · PDBM International Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,000 |
Equity Shares |
Rs. 100/- each |
Rs. 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,000 |
Equity Shares |
Rs. 100/- each |
Rs. 4.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
388.024 |
336.742 |
357.582 |
|
(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) |
392.024 |
340.742 |
361.582 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
68.024 |
65.116 |
75.483 |
|
(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) |
68.024 |
65.116 |
75.483 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
159.855 |
|
(b)
Trade payables |
1097.320 |
428.734 |
551.643 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
26.625 |
62.280 |
44.500 |
|
Total
Current Liabilities (4) |
1123.945 |
491.014 |
755.998 |
|
|
|
|
|
|
TOTAL |
1583.993 |
896.872 |
1193.063 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
80.799 |
74.197 |
65.386 |
|
(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 |
47.432 |
47.432 |
47.432 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
128.231 |
121.629 |
112.818 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
440.289 |
257.417 |
701.889 |
|
(c)
Trade receivables |
499.016 |
188.228 |
178.777 |
|
(d)
Cash and cash equivalents |
268.477 |
240.978 |
114.372 |
|
(e)
Short-term loans and advances |
246.334 |
86.970 |
83.722 |
|
(f)
Other current assets |
1.646 |
1.650 |
1.485 |
|
Total
Current Assets |
1455.762 |
775.243 |
1080.245 |
|
|
|
|
|
|
TOTAL |
1583.993 |
896.872 |
1193.063 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8740.000 |
6490.000 |
4815.400 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
51.300 |
37.300 |
37.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
112.330 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
4146.617 |
2404.690 |
967.670 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
1282.50 |
932.50 |
930.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.59 |
0.57 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17 |
0.19 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.58 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
357.582 |
336.742 |
388.024 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
361.582 |
340.742 |
392.024 |
|
|
|
|
|
|
Long-term borrowings |
75.483 |
65.116 |
68.024 |
|
Short term borrowings |
159.855 |
0.000 |
0.000 |
|
Total
borrowings |
235.338 |
65.116 |
68.024 |
|
Debt/Equity
ratio |
0.651 |
0.191 |
0.174 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4815.400 |
6490.000 |
8740.000 |
|
|
|
34.776 |
34.669 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4815.400 |
6490.000 |
8740.000 |
|
Profit |
37.200 |
37.300 |
51.300 |
|
|
0.77% |
0.57% |
0.59% |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10437345 |
31/05/2013 |
10,000,000.00 |
CORPORATION BANK |
ADITI COMMERCE CENTRE, 2406,
GENERAL THIMAYYA ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
B79819520 |
|
2 |
10060365 |
22/03/2012 * |
2,253,500,000.00 |
CENTRAL BANK OF INDIA
LIMITED |
317, M.G. ROAD, CAMP,
PUNE, MAHARASHTRA - 411001, INDIA |
B36681252 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans repayable on demand |
64.000 |
0.000 |
|
Loans and advances from related parties |
0.000 |
57.500 |
|
|
|
|
|
Total |
64.000 |
57.500 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Other 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. 63.57 |
|
|
1 |
Rs. 99.67 |
|
Euro |
1 |
Rs. 70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.