MIRA INFORM REPORT
|
Report No. : |
339523 |
|
Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PYRAMID TECHNOPLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 2, 2nd Floor, Shah Trade Centre, Rani Sati Marg, Near W. E.
Highway, Malad (East), Mumbai – 400097, Maharashtra |
|
Tel. No.: |
91-22-42761500 |
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|
|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
30.12.1997 |
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|
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Com. Reg. No.: |
11-112723 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 3.205 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1997PTC112723 |
|
|
|
|
IEC No.: |
0304090263 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AACCP5074E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of HM-HDPE Plastic Barrels, Canes and Jars |
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|
|
|
No. of Employees
: |
200 (Approximately) |
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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is private limited company incorporated in the year 1997,
having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate networth base and acceptable gearing in FY14. Company has achieved significant increase in its sales turnover and
profit in the year under consideration. However, rating constrained on account of unfavorable gap exist
between trade receivable and trade payables. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings with 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
|
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Jaiprakash Bijaykumar Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9867367030 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Office No. 2, 2nd Floor, Shah Trade Centre, Rani Sati Marg, Near W. E.
Highway, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-42761500 |
|
Mobile No.: |
91-9867367030 (Mr. Jaiprakash Agarwal) |
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Fax No.: |
91-22-42761501 |
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E-Mail : |
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Website : |
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Factory 2 : |
Survey No.82/3/2/2, Near Supreme Industries, Village Kharadpada,
Silvassa, Dadra Nagar Haveli, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Jaiprakash Bijaykumar Agarwal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
C-108, Upvan Tower, Govind Nagar, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
14.05.1982 |
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Date of Appointment : |
06.06.2003 |
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DIN No.: |
01490093 |
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Other
Directorship :
|
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|
Name : |
Mrs. Madhu Agarwal |
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|
Designation : |
Director |
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|
Address : |
C-108, Upvan Tower, Govind Nagar, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
09.01.1981 |
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Date of Appointment : |
19.05.2006 |
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DIN No.: |
02267682 |
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Other
Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bijay Kumar Agarwal |
|
27740 |
|
Nutan Kumari Agarwal |
|
10 |
|
Jaiprakash Agarwal |
|
28490 |
|
Credence Finacial Consultancy Private Limited |
|
81990 |
|
Yash Synthetics Private Limited |
|
115250 |
|
Anmol Monower Plastic Private Limited |
|
7500 |
|
Pushpa Devi Agarwal |
|
36180 |
|
Madhu Agarwal |
|
23350 |
|
Total |
|
320510 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
63.88 |
|
Directors or relatives of Directors |
36.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of HM-HDPE Plastic Barrels, Canes and Jars |
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|
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Products : |
Not Available |
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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 : |
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Products : |
Raw Material |
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Countries : |
Saudi Arabia |
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Terms : |
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Selling : |
Cash / L/C / Credit (30/60/90 Days) |
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Purchasing : |
Cash / L/C / Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
VMRS and Company Chartered Accountants |
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Address : |
Shah Arcade 1, "A" Wing, 1st Floor, Rani Sati Marg, Malad (East), Mumbai – 400097, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV7105Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises over which
Key Management Personnel and Relatives of such Personnel exercise significant
influence : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450,000 |
Equity Shares |
Rs.10/- each |
Rs. 4.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
320,510 |
Equity Shares |
Rs.10/- each |
Rs. 3.205
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 |
3.205 |
2.862 |
2.426 |
|
(b) Reserves & Surplus |
132.925 |
108.397 |
85.064 |
|
(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) |
136.130 |
111.259 |
87.490 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
47.031 |
52.768 |
41.709 |
|
(b) Deferred tax liabilities (Net) |
13.760 |
12.391 |
10.106 |
|
(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) |
60.791 |
65.159 |
51.815 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
82.290 |
68.489 |
56.562 |
|
(b) Trade
payables |
307.593 |
203.861 |
159.747 |
|
(c) Other
current liabilities |
34.451 |
29.596 |
8.380 |
|
(d) Short-term
provisions |
6.159 |
2.924 |
14.643 |
|
Total Current
Liabilities (4) |
430.493 |
304.870 |
239.332 |
|
|
|
|
|
|
TOTAL |
627.414 |
481.288 |
378.637 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
180.123 |
182.405 |
131.566 |
|
(ii)
Intangible Assets |
0.381 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.427 |
3.263 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.641 |
10.821 |
10.744 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.165 |
3.735 |
0.579 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
195.737 |
200.224 |
142.889 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
128.951 |
57.371 |
66.152 |
|
(c) Trade
receivables |
199.648 |
153.846 |
100.058 |
|
(d) Cash
and cash equivalents |
3.748 |
2.978 |
17.072 |
|
(e)
Short-term loans and advances |
65.231 |
51.942 |
52.466 |
|
(f) Other
current assets |
34.099 |
14.927 |
0.000 |
|
Total
Current Assets |
431.677 |
281.064 |
235.748 |
|
|
|
|
|
|
TOTAL |
627.414 |
481.288 |
378.637 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1333.200 |
931.400 |
775.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1317.000 |
916.800 |
763.200 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
16.200 |
14.600 |
12.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.600 |
5.200 |
4.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.600 |
9.400 |
8.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.19 |
35.21 |
34.49 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
The above information has been parted by Mr. Jaiprakash Agarwal
(Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
21.263 |
3.018 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
48.124 |
61.227 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.87 |
1.01 |
1.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63 |
3.12 |
3.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.95 |
1.28 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
0.92 |
0.99 |
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 |
2.426 |
2.862 |
3.205 |
|
Reserves & Surplus |
85.064 |
108.397 |
132.925 |
|
Net
worth |
87.490 |
111.259 |
136.130 |
|
|
|
|
|
|
long-term borrowings |
41.709 |
52.768 |
47.031 |
|
Short term borrowings |
56.562 |
68.489 |
82.290 |
|
Total
borrowings |
98.271 |
121.257 |
129.321 |
|
Debt/Equity
ratio |
1.123 |
1.090 |
0.950 |
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 |
775.900 |
931.400 |
1333.200 |
|
|
|
20.041 |
43.139 |
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 |
775.900 |
931.400 |
1333.200 |
|
Profit |
8.400 |
9.400 |
11.600 |
|
|
1.08% |
1.01% |
0.87% |
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) |
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 |
Yes |
|
26 |
Turnover of firm for last four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from New Ashirwad Industrial Estate No. 5, Unit No. 248 & 249, Ram Mandir Road, Goregaon (W), Mumbai – 400104, Maharashtra, India to the present address w.e.f. 11.11.2011
PERFORMANCE
During the year the Company has performed reasonably well. The total income of the Company was higher at Rs. 1333.200 Million as compared to Rs. 931.400 Million during the previous year. However the net profit after tax was higher at Rs. 11.600 Million as compared to Rs. 9.400 Million during the previous year. The Directors are hopeful of even better performance during the current year.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10476122 |
13/01/2014 |
10,500,000.00 |
Bank of India |
SSI Andheri (East) Branch, Mathuria Apartments, 4 |
B95699138 |
|
2 |
10427790 |
16/05/2013 * |
34,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B76057579 |
|
3 |
10384163 |
08/10/2012 |
37,500,000.00 |
Bank of India |
SSI Andheri (East) Branch, Mathuria Apartment,, 4 |
B61188702 |
|
4 |
10366603 |
29/06/2012 |
7,200,000.00 |
Bank of India |
SSI Andheri (East) Branch, Mathuria Apartment,, 4 |
B44203586 |
|
5 |
10282592 |
28/02/2011 |
21,000,000.00 |
Bank of India |
Mathuria Apartment, Sir M.V.Road, Andheri (East), |
B10813467 |
|
6 |
10236875 |
13/01/2014 * |
342,700,000.00 |
Bank of India |
SSI Andheri (East) Branch, Mathuria Apartment,, 4 |
B95699518 |
|
7 |
10221745 |
27/03/2010 |
10,500,000.00 |
BANK OF INDIA |
SSI Andheri (East) Branch, Mathuria Apartment,, Sir M V Road, Andheri
(East),, Mumbai, Maharashtra |
A85929925 |
|
8 |
10221749 |
27/03/2010 |
147,100,000.00 |
BANK OF INDIA |
SSI Andheri (East) Branch, Mathuria Apartment,, Sir M V Road, Andheri
(East),, Mumbai, Maharashtra |
A85930691 |
|
9 |
10161018 |
16/05/2009 |
9,700,000.00 |
Bank of India |
SSI Andheri (East) Branch ,Mathuria Apartment ,, |
A63508295 |
|
10 |
10244202 |
27/01/2009 |
2,000,000.00 |
BANK OF INDIA |
SSI ANDHERI ( E) BRANCH, ANDHERI,, MUMBAI, Maharashtra - 400069, INDIA |
A79638029 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory Building
- Plant and Machineries
- Cooling Tower
- Electrical Installation
- Moulds and Dies
- Generator
- Office Equipment
- Griender
- Air compressor
- Furniture
- Computers
- Mobile Phone
- Office 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 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.66.16 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--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.