MIRA INFORM REPORT
|
Report No. : |
348303 |
|
Report Date : |
13.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SNOWBELL MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-301, 3rd Floor, Sunflower, Gundecha Building, Kandivali (East),
Mumbai-400101, Maharashtra |
|
Tel. No.: |
91-250-6456142 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.07.2005 |
|
|
|
|
Com. Reg. No.: |
11-154663 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.900 MIllion |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH2005PTC154663 |
|
|
|
|
IEC No.: |
0305036777 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS49002C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS1381G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharma Machines and Allied Equipments. |
|
|
|
|
No. of Employees
: |
250 (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 55400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 2005 and is
engaged in the manufacturing activity of pharmaceutical machines and allied
equipments. It has satisfactory track. For the financial year ended 2014, company has reported decent profit
of Rs. 4.6 million from its business operations. Further, rating also considers company’s acceptable financial risk
profile with good capital structure backed by its adequate net worth base,
comfortable liquidity position and low debt balance sheet profile of the
company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of aforesaid, the company can be considered for 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.
LOCATIONS
|
Registered Office : |
A-301, 3rd Floor, Sunflower, Gundecha Building, Kandivali (East),
Mumbai-400101, Maharashtra, India |
||
|
Tel. No.: |
Not Available |
||
|
Fax No.: |
Not Available |
||
|
E-Mail : |
|||
|
Website : |
|||
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||
|
Factory : |
Atul Estate, Sativali, Vasai (East), District Thane-401208, |
||
|
Tel. No.: |
91-250-6456142/ 144 |
||
|
Fax No.: |
91-250-2481867 |
||
|
E-Mail : |
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Madanmohan Ramesh Singh |
|
Designation : |
Director |
|
Address : |
4/45, M. D. Building, Dr. M.C. Jawle Road Dadar (West),
Mumbai-400028, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1973 |
|
Date of Appointment : |
11.07.2005 |
|
DIN No.: |
00525443 |
|
|
|
|
Name : |
Chandrakant Shivaji Rajemahadik |
|
Designation : |
Director |
|
Address : |
B-12, Jaideep Laxmi Co-Operative Housing Soceity, Devi Chowk,
Shastri Nagar, Dombivali (West), Thane-421202, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1957 |
|
Date of Appointment : |
11.07.2005 |
|
DIN No.: |
00525474 |
|
|
|
|
Name : |
Shiv Tripathi |
|
Designation : |
Director |
|
Address : |
20/26, Tripathi Niwas, Pushpa Park,, Daftary Road, Malad
(East), Mumbai- 400097, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1965 |
|
Date of Appointment : |
11.07.2005 |
|
DIN No.: |
00525552 |
|
|
|
|
Name : |
Francisco Xavier Rodrigues |
|
Designation : |
Director |
|
Address : |
E-403, Sun Flower, Valley Of Flowers, Gundecha Build,
Thakur Villege, Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1972 |
|
Date of Appointment : |
11.07.2005 |
|
DIN No.: |
00525590 |
|
|
|
|
Name : |
John Ignatius Rocha |
|
Designation : |
Director |
|
Address : |
B9, Sun-N-Dew Co-Operative Housing Soceity, Kolivary Road,
Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1958 |
|
Date of Appointment : |
11.07.2005 |
|
DIN No.: |
00525613 |
|
|
|
|
Name : |
Vipul Chandrakant Rajemahadik |
|
Designation : |
Director |
|
Address : |
B12, Jay Deep Laxmi CHS, Shastri Nagar, Devi Chowk, Behind
Devi Temple, Dombivali- West, Thane-421202, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1985 |
|
Date of Appointment : |
26.08.2012 |
|
DIN No.: |
06389435 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Francisco Xavier Rodrigues |
|
18000 |
|
Madanmohan Ramesh Singh |
|
18000 |
|
Shiv Tripathi |
|
17900 |
|
John Ignatius Rocha |
|
18000 |
|
Chandrakant Shivaji Rajemahadik |
|
17800 |
|
Divya Tripathi |
|
100 |
|
Vipul Chandrakant Rajemahadik |
|
200 |
|
Total |
|
90000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharma Machines and Allied Equipments. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
· Gland Pharma Limited · Ranbaxy · Piramal · Bharat Biotech · Russia |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
·
Punjab National Bank Malad East Branch, Shiv
Baug Building, Daftary Road, Malad (East), Mumbai - 400097, Maharashtra,
India |
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|
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Yojana B. Gupta and Associates Chartered Accountants |
|
Address : |
A-5/101,Yogi Dham, Yogi Nagar, Borivali (West), Mumbai-400091,
Maharashtra, India |
|
Tel. No.: |
91-28337097/ 28338451 |
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Income-tax
PAN of auditor or auditor's firm : |
AHEPG0989K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.900
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 |
0.900 |
0.900 |
0.900 |
|
(b) Reserves & Surplus |
18.506 |
13.894 |
9.178 |
|
(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) |
19.406 |
14.794 |
10.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
19.253 |
15.733 |
14.233 |
|
(b) Deferred tax liabilities (Net) |
1.034 |
0.809 |
0.559 |
|
(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) |
20.287 |
16.542 |
14.792 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
38.188 |
32.039 |
32.531 |
|
(c)
Other current liabilities |
108.083 |
82.023 |
50.304 |
|
(d)
Short-term provisions |
3.890 |
3.192 |
2.052 |
|
Total
Current Liabilities (4) |
150.161 |
117.254 |
84.887 |
|
|
|
|
|
|
TOTAL |
189.854 |
148.590 |
109.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
12.673 |
12.650 |
5.952 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
12.673 |
12.650 |
5.952 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
41.250 |
21.980 |
28.327 |
|
(c)
Trade receivables |
57.315 |
38.333 |
32.694 |
|
(d)
Cash and cash equivalents |
2.406 |
3.629 |
1.088 |
|
(e)
Short-term loans and advances |
76.085 |
71.885 |
41.588 |
|
(f)
Other current assets |
0.125 |
0.113 |
0.108 |
|
Total
Current Assets |
177.181 |
135.940 |
103.805 |
|
|
|
|
|
|
TOTAL |
189.854 |
148.590 |
109.757 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
272.664 |
167.348 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
265.855 |
163.356 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.799 |
6.809 |
3.992 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.188 |
2.093 |
1.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.611 |
4.716 |
2.706 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
13.894 |
9.178 |
6.472 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.505 |
13.894 |
9.178 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
82.634 |
113.255 |
4.952 |
|
|
TOTAL EARNINGS |
82.634 |
113.255 |
4.952 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
C.I.F. value of imports |
NA |
3.354 |
1.527 |
|
|
TOTAL IMPORTS |
NA |
3.354 |
1.527 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
51.23 |
47.16 |
30.06 |
|
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 |
|
|
|
|
|
|
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} |
(%) |
3.58 |
4.58 |
3.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.46 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99 |
1.06 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.16 |
1.22 |
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 |
0.900 |
0.900 |
0.900 |
|
Reserves & Surplus |
9.178 |
13.894 |
18.506 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.078 |
14.794 |
19.406 |
|
|
|
|
|
|
Long-term borrowings |
14.233 |
15.733 |
19.253 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
14.233 |
15.733 |
19.253 |
|
Debt/Equity
ratio |
1.412 |
1.063 |
0.992 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10085449 |
16/11/2007 |
200,000.00 |
PUNJAB NATIONAL BANK |
MALAD EAST BRANCH,
SHIV BAUG BUILDING, DAFTARY ROAD, MALAD (EAST), MUMBAI- 400097, MAHARASHTRA, |
A31269517 |
|
2 |
10028981 |
27/11/2006 |
796,000.00 |
PUNJAB NATIONAL BANK |
MALAD EAST BRANCH, MALAD EAST, MUMBAI- 400102, MAHARASHTRA, INDIA |
A07686538 |
|
3 |
80042639 |
30/12/2013 * |
10,000,000.00 |
PUNJAB NATIONAL BANK |
MALAD EAST BRANCH,
SHIV BAUG BUILDING, DAFTARY |
B94653847 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
19.253 |
15.733 |
|
|
|
|
|
Total |
19.253 |
15.733 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from E-403 4th
Floor, Sunflowervally of flowers Gundecha Builders Thakur Village, Kandivali
(East), Mumbai-400101, Maharashtra, India to the present address w.e.f
31.01.2010
FIXED ASSETS:
Tangible Assets
·
Plant and Machinery
·
Computer
·
Furniture and Fixtures
·
Motor Car
·
Office Equipment
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 records 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. 66.35 |
|
|
1 |
Rs. 100.28 |
|
Euro |
1 |
Rs. 71.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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.