It's not a 'bad' ratchet. Assuming it's not already been abused you're surely not going to break it unless you're doing something wrong with it like putting a pipe on it or hitting it with a hammer.
VL = Danaher, ca. 1995 means it was made in USA before the whole Apex / Bain capital BS took them offshore. I have quite a few Craftsman ratchets of that era that I won't part with but I don't really use them much any more.
All that said, ratchets have come a long way since then. Today's fine tooth ratchets are as strong or stronger and work much better in tight places.