MIRA INFORM REPORT
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Report No. : |
339330 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
STARLIT INFRASTRUCTURE LIMITED (w.e.f. 16.02.2007) |
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Formerly Known
As : |
STARLIT MERCANTILE COMPANY LIMITED |
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Registered
Office : |
A-1/51, (LGF) Lower Ground Floor, Safdarjung Enclave, Delhi – 110029 |
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Tel. No.: |
91-11-46027970 / 46037870 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.04.1985 |
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Com. Reg. No.: |
55-020755 |
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Capital
Investment / Paid-up Capital : |
Rs.4.406 Million |
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|
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CIN No.: [Company Identification
No.] |
U52110DL1985PLC020755 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20280B |
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PAN No.: [Permanent Account No.] |
AABCS5243H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing consultancy and infrastructure services |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a flagship company of Starlif Group. Subject is an
established company having moderate track. Company has incurred losses from its modest scale of operations in FY14.
Further, it has minimal net worth base. 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 some caution.
|
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 |
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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 |
|
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 (GENERAL DETAILS)
|
Name : |
Mr. Raveesh Malhotra |
|
Designation : |
Finance Department |
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Contact No.: |
91-9999966232 |
|
Date : |
03.09.2015 |
LOCATIONS
|
Registered Office : |
A-1/51, (LGF) Lower Ground Floor, Safdarjung Enclave, Delhi – 110029,
India |
|
Tel. No.: |
91-11-46027970 / 46037870 |
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Mobile No.: |
91-9999966232 (Mr. Raveesh) |
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Fax No.: |
91-11-26102670 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality : |
Commercial |
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Corporate Office
: |
A-1/20, (LGF) Lower Ground Floor, Safdarjung Enclave, Delhi – 110029,
India |
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Tel No.: |
91-11-26102570 / 46027970 / 46037870 |
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Fax No.: |
91-11-26102670 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Surinder Pal |
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Designation : |
Director |
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Address : |
161, Iind Floor, Sainik Vihar, Pitampura, , Delhi - 110034, India |
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Date of Birth/Age : |
23.01.1964 |
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Date of Appointment : |
01.10.2007 |
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DIN No.: |
01937783 |
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Name : |
Mr. Sachin Shridhar |
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Designation : |
Director |
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Address : |
A1/90, 3rd Floor, Safdarjung Enclave, New Delhi - 110029, India |
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Date of Birth/Age : |
12.05.1962 |
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Date of Appointment : |
01.05.2003 |
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DIN No.: |
00243186 |
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Name : |
Mr. Kamaljeet Singh Jaswal |
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Designation : |
Director |
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Address : |
B - 10/236, First Floor, Amritpuri - B, East Of Kailash, New Delhi - 110065, India |
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Date of Birth/Age : |
02.03.1981 |
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Date of Appointment : |
18.09.2013 |
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DIN No.: |
02340493 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Raveesh Malhotra |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Blue Chip Financial Consultants Private Limited |
|
20000 |
|
Sunman Vincom Private Limited |
|
20000 |
|
Sunshine Consultants Private Limited |
|
40000 |
|
Zevit Commotrade Private Limited |
|
30000 |
|
Sachin Shridhar |
|
162857 |
|
Sachin Shridhar HUF |
|
47050 |
|
Purabi Shridhar |
|
53900 |
|
Tarun Shridhar |
|
3450 |
|
Meenakshi Thakur |
|
10343 |
|
Kuldeep Thakur |
|
2200 |
|
Santosh Sharma |
|
200 |
|
Wexford Marketing Private Limited |
|
5000 |
|
Reena Bansal |
|
4000 |
|
Sudhir Sharma |
|
8241 |
|
Gian Vijeshwar |
|
33333 |
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Total |
|
440574 |
As on 14.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gian Vijeshwar |
|
33333 |
|
Total |
|
33333 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
26.10 |
|
Directors or relatives of Directors |
63.05 |
|
Other top fifty shareholders |
10.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing consultancy and infrastructure services |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Sunil Arora and Associates Chartered Accountants |
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Address : |
A-1/118, Safdarjung Enclave, New Delhi – 110029, India |
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Tel. No.: |
91-11-26711114/17 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFS6924H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
Stralit Technologies Private Limited CIN No.: U72200DL2008PTC177258 |
CAPITAL STRUCTURE
After as on
29.09.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 4.484 Million
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
440574 |
Equity Shares |
Rs.10/- each |
Rs.4.406
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
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I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.406 |
4.072 |
3.990 |
|
(b) Reserves & Surplus |
34.810 |
33.442 |
32.614 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
2.500 |
3.250 |
|
Total
Shareholders’ Funds (1) + (2) |
39.216 |
40.014 |
39.854 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.361 |
18.413 |
24.261 |
|
(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) |
14.361 |
18.413 |
24.261 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.480 |
0.232 |
0.030 |
|
(c) Other current liabilities |
34.825 |
24.145 |
5.280 |
|
(d) Short-term provisions |
0.179 |
0.235 |
0.066 |
|
Total
Current Liabilities (4) |
35.484 |
24.612 |
5.376 |
|
|
|
|
|
|
TOTAL |
89.061 |
83.039 |
69.491 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.741 |
1.361 |
1.543 |
|
(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 |
27.076 |
29.576 |
24.326 |
|
(c) Deferred tax assets (net) |
0.201 |
0.207 |
0.220 |
|
(d) Long-term Loan and Advances |
3.318 |
3.322 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
32.336 |
34.466 |
26.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
41.602 |
39.399 |
32.011 |
|
(c) Trade receivables |
1.566 |
1.565 |
1.220 |
|
(d) Cash and cash equivalents |
4.164 |
5.818 |
1.654 |
|
(e) Short-term loans and
advances |
8.993 |
1.391 |
8.117 |
|
(f) Other current assets |
0.400 |
0.400 |
0.400 |
|
Total
Current Assets |
56.725 |
48.573 |
43.402 |
|
|
|
|
|
|
TOTAL |
89.061 |
83.039 |
69.491 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
8.106 |
7.260 |
7.647 |
|
|
Other Income |
(1.318) |
0.001 |
1.341 |
|
|
TOTAL
(A) |
6.788 |
7.261 |
8.988 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
2.237 |
8.160 |
31.171 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.237) |
(8.160) |
(31.171) |
|
|
Employees benefits expense |
1.419 |
1.524 |
0.959 |
|
|
Other expenses |
4.852 |
4.314 |
4.815 |
|
|
TOTAL
(B) |
6.271 |
5.838 |
5.774 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
0.517 |
1.423 |
3.214 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.660 |
0.872 |
0.893 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.143) |
0.551 |
2.321 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.371 |
0.319 |
0.414 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(0.514) |
0.232 |
1.907 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.285 |
0.072 |
0.632 |
|
|
|
|
|
0.000 |
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.799) |
0.160 |
1.275 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.81) |
0.39 |
3.19 |
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 operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(9.86) |
2.20 |
16.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.38 |
19.60 |
42.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.83) |
0.44 |
4.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.01 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.46 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.97 |
8.07 |
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 |
3.990 |
4.072 |
4.406 |
|
Reserves & Surplus |
32.614 |
33.442 |
34.810 |
|
Share Application money pending allotment |
3.250 |
2.500 |
0.000 |
|
Net
worth |
39.854 |
40.014 |
39.216 |
|
|
|
|
|
|
long-term borrowings |
24.261 |
18.413 |
14.361 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
24.261 |
18.413 |
14.361 |
|
Debt/Equity
ratio |
0.609 |
0.460 |
0.366 |
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) |
|
Sales |
7.647 |
7.260 |
8.106 |
|
|
|
(5.061) |
11.653 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7.647 |
7.260 |
8.106 |
|
Profit |
1.275 |
0.160 |
(0.799) |
|
|
16.67% |
2.20% |
(9.86%) |
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) |
No |
|
16 |
No. of employees |
YES |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Others |
5.218 |
7.904 |
|
Total |
5.218 |
7.904 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10533754 |
31/10/2014 |
6,000,000.00 |
Punjab National Bank |
Bhikaji Cama Place, Delhi - 110066, INDIA |
C35294180 |
|
2 |
10317755 |
19/10/2011 |
20,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
B25345554 |
|
3 |
10236534 |
30/03/2015 * |
195,334,000.00 |
Punjab National Bank |
Branch Bhikaji Cama Place, New Delhi - 110066, INDIA |
C52189743 |
FIXED ASSETS
- Motor Car
- Motor Cycle
- Air
Conditioner
- Refrigerator
- Printer
- UPS
- Stabilizer
- Camera
- Television
- Water
Purifier
- Fire
Extinguisher
- Projector
- Machinery and
Equipment
- Water Motor
- Vibrator
- Radio
Instrument
- Generator
- Computer
- Laptop
- Software
- Tally
Software
- Furniture and
Fixture
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.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.