MIRA
INFORM REPORT
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Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED |
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Formerly Known
As : |
ADITYA BIRLA MANAGEMENT CORPORATION LIMITED |
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Registered
Office : |
C - 1, Aditya Birla Centre, S K Ahire Marg, Worli, Mumbai 400030, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
16.02.1999 |
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Com. Reg. No.: |
11-118379 |
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Capital Investment
/ Paid-up Capital : |
Nil |
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CIN No.: [Company Identification
No.] |
U73100MH1999PTC118379 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB08159E |
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PAN No.: [Permanent Account No.] |
AAACB9318D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To Provide Common Corporate Facilities to Members |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The
subject company provides common corporate facilities to its member companies.
Payments are reported to be usually correct and as per commitments. 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.
INFORMATION PARTED BY (General Details)
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Name : |
Mr. Rajiv Gupta |
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Designation : |
Vice President |
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Contact No. : |
91-22-24995167 |
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Date : |
20.06.2011 |
LOCATIONS
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Registered Office : |
C - 1, Aditya Birla Centre, S K Ahire Marg, Worli, Mumbai 400030,
Maharashtra, India |
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Tel. No.: |
91-22-66525000 / 24995000 |
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Fax No.: |
91-22-66525740 / 24995740 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 08.07.2009
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Name : |
Mr. Kumar Mangalam Birla |
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Designation : |
Director |
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Date of Birth/Age : |
14.06.1967 |
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Date of Appointment : |
15.06.1999 |
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Name : |
Mr. Santrupt Misra |
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Designation : |
Director |
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Date of Birth/Age : |
15.08.1965 |
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Date of Appointment : |
15.06.1999 |
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Name : |
Mr. Debnarayan Shankripada Bhattacharya |
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Designation : |
Director |
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Date of Appointment : |
15.06.1999 |
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Name : |
Mr. Vikram Dhondu Rao |
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Designation : |
Director |
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Date of Birth/Age : |
10.09.1950 |
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Date of Appointment : |
29.08.2006 |
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Name : |
Mr. |
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Designation : |
Director |
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Date of Birth/Age : |
01.03.1955 |
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Date of Appointment : |
29.08.2006 |
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Name : |
Mr. Sanjeev Aga |
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Designation : |
Director |
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Date of Birth/Age : |
01.02.1952 |
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Date of Appointment : |
03.10.2003 |
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Name : |
Mr. Shailendra Kumar Jain |
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Designation : |
Director |
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Date of Birth/Age : |
04.12.1943 |
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Date of Appointment : |
15.06.1999 |
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Name : |
Mr Saurabh Misra |
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Designation : |
Director |
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Date of Birth/Age : |
16.11.1947 |
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Date of Appointment : |
20.11.2006 |
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Name : |
Mr. Bharat Kumar Singh |
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Designation : |
Director |
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Date of Birth/Age : |
23.07.1946 |
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Date of Appointment : |
01.04.2000 |
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Name : |
Mr. Ajay Srinivasan |
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Designation : |
Director |
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Date of Birth/Age : |
02.11.1963 |
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Date of Appointment : |
30.08.2007 |
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Name : |
Mr. Rajiv Dube |
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Designation : |
Director |
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Date of Birth/Age : |
04.02.1962 |
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Date of Appointment : |
01.07.2010 |
KEY EXECUTIVES
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Name : |
Mr. Rajiv Gupta |
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Designation : |
Vice President |
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Name : |
Bhanwer Lal Ajmera |
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Designation : |
Secretary |
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Date of Appointment : |
15.06.1999 |
BUSINESS DETAILS
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Line of Business : |
To Provide Common Corporate Facilities to Members |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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No. of Employees : |
500 (Approximately) |
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Bankers : |
Scheduled Bank |
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Facilities : |
Rs. In Millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Suresh Surana and Associates Chartered Accountant |
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Address 1: |
210 Ahura Centre, 82, |
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Address 2: |
602-3, 6th Floor, Regent Chambers, 208, Nariman Point,
Mumbai 400021, Maharashtra, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
NIL
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.000 |
0.000 |
0.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.000 |
0.000 |
0.000 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
240.211 |
240.211 |
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TOTAL BORROWING |
0.000 |
240.211 |
240.211 |
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DEFERRED TAX LI |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.000 |
240.211 |
240.211 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
367.239 |
380.892 |
197.773 |
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Capital work-in-progress |
0.000 |
0.965 |
11.632 |
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INVESTMENT |
9.166 |
2.596 |
27.766 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
333.379
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192.469 |
496.448 |
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Cash & Bank Balances |
43.499
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17.001 |
16.507 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
502.770
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464.734 |
441.033 |
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Total
Current Assets |
879.648
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674.204 |
953.988 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
155.880
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40.656 |
160.119 |
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Other Current Liabilities |
927.597
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657.413 |
680.939 |
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Provisions |
172.576
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120.377 |
109.890 |
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Total
Current Liabilities |
1256.053
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818.446 |
950.948 |
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Net Current Assets |
(376.405)
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(144.242) |
3.040 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.000 |
240.211 |
240.211 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.00
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0.00 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
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0.70
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0.82 |
1.00 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
Rs. In Millions
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Particulars |
31.03.2010
|
31.03.2009 |
31.03.2008 |
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total outstanding dues of creditors other than micro and small enterprises |
155.880
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40.656 |
160.119 |
OPERATIONAL REVIEW
During the year Company continued to provide common corporate facilities
to Member Companies.
FIXED ASSETS:
- Buildings
- Furniture and
Fixtures
- Computers
- Office
Equipment
- Vehicles
- Computer
Software
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 records 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 t: 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.44.82 |
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|
1 |
Rs.72.84 |
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Euro |
1 |
Rs.64.58 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>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 |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.