MIRA INFORM REPORT
|
Report No. : |
343535 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEOGIRI INFRASTRUCTURE PRIVATE LIMITED |
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Registered
Office : |
Office No. 406 to 408, 2nd Floor, Labh Chambers, Vedant
Nagar, Station Road, Aurangabad – 431005, Maharashtra |
|
Tel. No.: |
91-240-2354912 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
11-166930 |
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Capital
Investment / Paid-up Capital : |
Rs. 18.852 Million |
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CIN No.: [Company Identification
No.] |
U45200MH2007PTC166930 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into construction activity. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but corret |
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Litigation : |
Clear |
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Comments : |
Established in the year 2007, Deogiri Infrastructure Private Limited (DIPL)
is a part of the Aurangabad-based “RJ Group” having its presence in poultry
farming, fertilizers and biotechnology and education business through its
various group entities along-with infrastructure through DIPL. As per audited financial reported submitted for FY-14, the net revenue
was increased by 42% to Rs. 220.200 Million from Rs. 155.300 Million in
FY-13. The profit stood at Rs. 8.800 Million. The rating takes consideration on significant growth of its revenue and
profit margin during the year under review. The ratings also factor in a
comfortable financial risk profile because of a modest net worth, low gearing
and adequate debt protection metrics. Rating is constrained by its working capital intensive nature of
operations, client and segment concentration in its order book, presence in a
competitive environment along with the tender-based nature of operations. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered normal 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
31-03-2015.
LOCATIONS
|
Registered Office : |
Office No. 406 to 408, 2nd Floor, Labh Chambers, Vedant
Nagar, Station Road, Aurangabad – 431005, Maharashtra, India |
|
Tel. No.: |
91-240-2354912/ 2343659 |
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Fax No.: |
91-240-2332111 |
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E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Raghavendra Joshi |
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Designation : |
Director |
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Address : |
Apoorva, B-10, Indraprastha Enclaves,, Jyoti Nagar,, Aurangabad – 431005, Maharashtra, India |
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Date of Birth/Age : |
11.08.1960 |
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Date of Appointment : |
06.12.2013 |
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DIN No.: |
00307124 |
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Other Directorship :
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Name : |
Meena Raghavendra Joshi |
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Designation : |
Director |
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Address : |
Apoorva, B-10, Indraprastha Enclaves,, Jyoti Nagar,, Aurangabad, 431005, Maharashtra, India |
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Date of Birth/Age : |
12.10.1960 |
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Date of Appointment : |
11.01.2007 |
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DIN No.: |
00307708 |
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Other Directorship :
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MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
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Mrs. Meena Raghavendra Joshi |
|
455820 |
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Mr. Prashant Renukadas Deshpande |
|
100000 |
|
Mr. Kumar Anjawa Peddi |
|
100000 |
|
Mr. Raghavendra Shripatrao Joshi |
|
486043 |
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Mr. Prashant Laxmikant Jahangirdar |
|
100 |
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Mr. Tryambak Rangadas Brahmapurkar |
|
10 |
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Durgarani Anjayya Peddi |
|
50010 |
|
Maruti Ferro-Tech Limited, India |
|
100000 |
|
Laksh Mercantile Private Limited, India |
|
39000 |
|
Sunanda Udaykumar Joshi |
|
5 |
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Aditya Kumar Peddi |
|
277100 |
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Mrunalini Prashant Deshpande |
|
277100 |
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Total |
|
1885188 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
7.00 |
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Directors or relatives of Directors |
50.00 |
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Other top fifty shareholders |
43.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into construction activity. |
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Ashok Patil and Company Chartered Accountants |
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Address : |
A P Heights, Near Gopal Tea Centre, Aurangabad – 431005, Maharashtra, India |
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PAN No.: |
AAQFA1326D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1885188 |
Equity Shares |
Rs.10/- each |
Rs. 18.852
Million |
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|
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|
AFTER 29.09.2014
Authorised Capital: Rs. 35.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 35.256
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 |
18.852 |
16.000 |
16.000 |
|
(b) Reserves & Surplus |
40.828 |
27.135 |
21.178 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
59.680 |
43.135 |
37.178 |
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
2.281 |
2.911 |
6.779 |
|
(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) |
2.281 |
2.911 |
6.779 |
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
80.638 |
67.637 |
40.012 |
|
(b) Trade
payables |
11.050 |
5.210 |
6.101 |
|
(c) Other
current liabilities |
6.533 |
4.362 |
5.127 |
|
(d) Short-term
provisions |
7.129 |
3.724 |
3.653 |
|
Total Current
Liabilities (4) |
105.350 |
80.933 |
54.893 |
|
|
|
|
|
|
TOTAL |
167.311 |
126.979 |
98.850 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
18.172 |
17.553 |
19.072 |
|
(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 |
3.157 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.364 |
0.368 |
0.262 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.677 |
0.066 |
0.617 |
|
Total Non-Current
Assets |
22.370 |
17.987 |
19.951 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
94.459 |
68.682 |
37.274 |
|
(c) Trade
receivables |
9.589 |
3.353 |
12.330 |
|
(d) Cash
and cash equivalents |
12.582 |
15.162 |
5.618 |
|
(e) Short-term
loans and advances |
8.270 |
2.684 |
7.746 |
|
(f) Other
current assets |
20.041 |
19.111 |
15.931 |
|
Total
Current Assets |
144.941 |
108.992 |
78.899 |
|
|
|
|
|
|
TOTAL |
167.311 |
126.979 |
98.850 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME
|
220.756 |
155.340 |
124.769 |
|
|
|
|
|
|
|
Less |
EXPENSES |
207.761 |
146.448 |
116.937 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE EXTRAORDINARY ITEMS AND TAX |
12.995 |
8.892 |
7.832 |
|
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|
|
|
|
|
Less/ Add |
EXTRAORDINARY
ITEMS |
0.000 |
0.133 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.995 |
8.759 |
7.832 |
|
|
|
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|
Less |
TAX |
4.150 |
2.802 |
2.537 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.845 |
5.957 |
5.295 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.69 |
3.16 |
2.81 |
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.01 |
3.83 |
4.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.93 |
6.92 |
7.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.20 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.39 |
1.64 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.35 |
1.44 |
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 |
16.000 |
16.000 |
18.852 |
|
Reserves & Surplus |
21.178 |
27.135 |
40.828 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
37.178 |
43.135 |
59.680 |
|
|
|
|
|
|
long-term borrowings |
6.779 |
2.911 |
2.281 |
|
Short term borrowings |
40.012 |
67.637 |
80.638 |
|
Total
borrowings |
46.791 |
70.548 |
82.919 |
|
Debt/Equity
ratio |
1.259 |
1.636 |
1.389 |
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 |
124.769 |
155.340 |
220.756 |
|
|
|
24.502 |
42.111 |
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 |
124.769 |
155.340 |
220.756 |
|
Profit |
5.295 |
5.957 |
8.845 |
|
|
4.24% |
3.83% |
4.01% |
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 |
No |
|
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 Plot No. 18, 1st Floor, Above Samsung Showroom,
Kokanwadi, Aurangabad – 431005, Maharashtra, India to the present address w.e.f. 01.11.2013.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from
directors and shareholders |
|
|
|
Prashant Jahagirdar |
0.500 |
0.600 |
|
Sunanda Joshi |
1.000 |
1.000 |
|
Tryambak Brahmapurkar |
0.314 |
0.576 |
|
Vivek Tandulwadekar |
0.450 |
0.450 |
|
|
|
|
|
Total |
2.264 |
2.626 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10593732 |
30/09/2015 |
75,000,000.00 |
Allahabad Bank |
Chetan Trade Centre, Opp. Saint Francis School, Jalna Road, Aurangabad, Maharashtra - 431005, INDIA |
C65523185 |
|
2 |
10495379 |
13/03/2015 * |
250,000,000.00 |
State Bank of India |
SME WALUJ BRANCH, AURANGABAD, Maharashtra - 431136, INDIA |
C49421555 |
|
3 |
10490552 |
10/03/2015 * |
190,000,000.00 |
BANK OF BARODA |
Plot No. 104, Behind Telephone exchange, Sahakar Nagar, Aurangabad, Maharashtra - 431005, INDIA |
C49429541 |
|
4 |
10297772 |
30/06/2011 |
750,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B17060013 |
|
5 |
10297778 |
30/06/2011 |
2,240,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B17061094 |
|
6 |
10297780 |
30/06/2011 |
750,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B17061730 |
|
7 |
10297783 |
30/06/2011 |
910,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra – 400001, INDIA |
B17062977 |
|
8 |
10297784 |
30/06/2011 |
750,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B17063454 |
|
9 |
10292434 |
16/06/2011 |
500,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B15074792 |
|
10 |
10264166 |
23/12/2010 |
1,900,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B04289450 |
* Date of charge modification
FIXED ASSETS
- Furniture and
Fixture
- Office
Equipments
- Computer
- Motor Cycle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 65.55 |
|
UK Pound |
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
42 |
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.