MIRA INFORM REPORT
|
Report No. : |
348346 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KNEXIR CONSULTANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sahney Compound, 27, Kirol, 1st Floor, Building B, Vidhyavihar (West),
Mumbai-400086, Maharashtra |
|
Tel. No.: |
91-22-61547873 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.07.2010 |
|
|
|
|
Com. Reg. No.: |
11-205641 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 12.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2010PTC205641 |
|
|
|
|
IEC No.: |
Not Applicable [As claimed by Company management the company does not
Export and Import] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK09596G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECK0286H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Consultancy Services to Engineering Industries such as
Pharmaceutical and Chemical industry. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 463200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2010, and it is into providing
consultancy service to Engineering Industry, Pharmaceutical and Chemical
Industry. The rating takes into account on company’s strong capital structure with
healthy financial position backed by its zero debt balance sheet profile. The rating further drive strength on company growing scale of
operation during the years and maintaining decent profitability margin’s and
well experienced management team of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered good for normal 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.
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
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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mahesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-61547873 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office : |
Sahney Compound, 27, Kirol, 1st Floor, Building B, Vidhyavihar (West),
Mumbai-400086, Maharashtra, India |
|
Tel. No.: |
91-22-61547873 (Mr. Mahesh) |
|
Fax No.: |
91-22-25111092 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
10000 Sq. Ft |
|
Location : |
Rented |
|
Locality : |
Commercial |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Ajit Manohar Jawle |
|
Designation : |
Managing director |
|
Address : |
502/A-6, Vikas Complex, LBS Marg, Castle Mill Compound,
Thane (West), Thane, 400601, Maharashtra, India |
|
Date of Birth/Age : |
18.11.1954 |
|
Date of Appointment : |
19.07.2010 |
|
DIN No.: |
00695856 |
|
|
|
|
Name : |
Mr. Bhikoba Ananda Chaudhari |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Sr. No. 50+52+53A, Rama Apartment, Walvekar Nagar,
Parvati, Pune, 411009, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
19.07.2010 |
|
DIN No.: |
02236907 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajit Manohar Jawle |
|
9999 |
|
Shubhangi Ajit Jawle |
|
1 |
|
Ajit Manohar Jawle |
|
52500 |
|
Jagadish Ghanyasham Pathak |
|
17500 |
|
Mehul Ramanlal Sawant |
|
17500 |
|
Sudhir Raghunath Sawant |
|
17500 |
|
Deepak Vasantrao Kapse |
|
17500 |
|
Chandrasekhar Narayan Pradhan |
|
17500 |
|
Rameshan Kasthuri |
|
3750 |
|
Muralidaran Parmeshwaran Raghavan Kumar Pillai |
|
3750 |
|
Sanjay Kumar Chandrasekar Katukota |
|
3750 |
|
Pradeep Kumar Singh |
|
3750 |
|
Gajanan Ganeshsingh Johari |
|
3750 |
|
Sunil Shya, Gavali |
|
3750 |
|
Rajesh Shantaram Chalke |
|
3750 |
|
Monali Sameer Pednekar |
|
3750 |
|
Yogesh Madhav Amle |
|
3750 |
|
Dharmesh Mansukhlal Rathod |
|
3750 |
|
Tender Management Consultants LLP, India |
|
1055000 |
|
Amruta Desai |
|
3750 |
|
VijayKumar Vishwakarma |
|
3750 |
|
Total |
|
1250000 |
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
84.40 |
|
Directors
or relatives of directors |
5.00 |
|
Other
top fifty shareholders |
10.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Consultancy Services to Engineering Industries such as
Pharmaceutical and Chemical industry. |
|
|
|
|
Brand Names : |
-- |
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|
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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 : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Others (Industries)
· Croda Chemicals (India) Private Limited · Eisai Company Limited · Granules India Limited ·
Biocon Limited ·
Harman Finochem Limited |
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No. of Employees : |
105 (Approximately) |
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Bankers : |
|
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
A P R and Associates Chartered Accountants |
|
Address : |
9, Zenab Niwas, L. J. Road, Dadar (West), Mumbai-400028, Maharashtra,
India |
|
Tel. No.: |
91-22-24454866 |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK1568P |
|
|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 12.500
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
149.644 |
107.989 |
63.549 |
|
(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) |
162.144 |
120.489 |
76.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
18.688 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.198 |
0.216 |
|
(c)
Other long term liabilities |
2.291 |
3.173 |
5.817 |
|
(d)
long-term provisions |
2.201 |
1.677 |
1.433 |
|
Total
Non-current Liabilities (3) |
4.492 |
5.048 |
26.154 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
10.170 |
7.995 |
7.629 |
|
(c)
Other current liabilities |
27.981 |
44.936 |
41.373 |
|
(d)
Short-term provisions |
71.681 |
49.322 |
25.284 |
|
Total
Current Liabilities (4) |
109.832 |
102.253 |
74.286 |
|
|
|
|
|
|
TOTAL |
276.468 |
227.790 |
176.489 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.976 |
15.429 |
20.475 |
|
(ii)
Intangible Assets |
3.848 |
5.575 |
7.990 |
|
(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) |
0.992 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.340 |
0.017 |
0.000 |
|
(e)
Other Non-current assets |
5.157 |
5.248 |
5.125 |
|
Total
Non-Current Assets |
21.313 |
26.269 |
33.590 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
90.642 |
59.824 |
46.211 |
|
(d)
Cash and cash equivalents |
79.629 |
84.296 |
65.350 |
|
(e)
Short-term loans and advances |
1.223 |
0.381 |
0.312 |
|
(f)
Other current assets |
83.661 |
57.020 |
31.026 |
|
Total
Current Assets |
255.155 |
201.521 |
142.899 |
|
|
|
|
|
|
TOTAL |
276.468 |
227.790 |
176.489 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
250.436 |
245.520 |
230.061 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
180.700 |
168.045 |
143.458 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
69.736 |
77.475 |
86.603 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.271 |
9.053 |
10.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
62.465 |
68.422 |
76.595 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
20.810 |
23.982 |
24.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
41.655 |
44.440 |
51.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.32 |
35.55 |
41.30 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
22.688 |
18.812 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.68 |
30.04 |
43.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.57 |
1.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.19 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32 |
1.97 |
1.92 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
63.549 |
107.989 |
149.644 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
76.049 |
120.489 |
162.144 |
|
|
|
|
|
|
Long-term borrowings |
18.688 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
18.812 |
22.688 |
0.000 |
|
Total
borrowings |
37.500 |
22.688 |
0.000 |
|
Debt/Equity
ratio |
0.493 |
0.188 |
0.000 |
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 Income |
230.061 |
245.520 |
250.436 |
|
|
|
6.720 |
2.002 |
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 Income |
230.061 |
245.520 |
250.436 |
|
Profit |
51.630 |
44.440 |
41.655 |
|
|
22.44% |
18.10% |
16.63% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
OPERATIONS:
During The year company has earned consultancy income from its main
stream of business of Rs. 268.772 Million, company earned majority of its
revenue from providing engineering services, which forms 79% of its total
earned majority of its revenue from providing engineering services, which forms
79% of its total revenue. Other Services provided by company are towards
Construction Management and other allied activities. Other allied activities.
Company is in its fourth year of operations & 95% of the revenue generated
are from domestic (India0 operations considering business negotiation and order
in hand company in confident is confident in getting good business revenue for
the ensuring period also.
CORPORATE
INFORMATION:
Subject was incorporated on 19th July 2010. It provides
concepts to commissioning consultancy “solutions to clients in Chemical and
Personal Care, Engineering, Foods and Beverages, Pharmaceutical and
Healthcare’’. It delivers value added engineering solutions which helps the
clients put up state of art facilities satisfying their needs, optimizing their
resources and getting a competitive edge.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 502/A-6,
Vikas Complex, LBS Marg, Castle Mill Compound, Thane (West), Thane-400601,
Maharashtra, India to the present address w.e.f 15.04.2011
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Perrigo API India Private Limited |
2.800 |
2.800 |
|
Biocon Limited |
0.500 |
0.500 |
|
Total |
3.300 |
3.300 |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
·
Office Equipment
·
Motor Car
·
Computer Hardware
·
Civil work in Rented Premises
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. 65.79 |
|
|
1 |
Rs. 99.95 |
|
Euro |
1 |
Rs. 71.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
49 |
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.