Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
DUET INDIA INFRASTRUCTURE PRIVATE LIMITED |
Principal Name 1 |
Mr. Shailendra Kumar Mundra |
|
Status |
New Company |
Principal Name 2 |
Mr. Manoj Thakur |
|
|
|
Registration # |
55-193690 |
|
Street Address |
814A, International Trade Tower, Nehru Place, New Delhi-110016, Delhi |
||
|
Established Date |
28.08.2009 |
SIC Code |
-- |
|
Telephone# |
91-11-46584981-83 |
Business Style 1 |
Management Consultency |
|
Fax # |
91-11-46584985 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
- |
|
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or
relatives of Directors-50.00 Other top fifty
shareholders-50.00 |
Banking |
- |
|
Public Limited Corp. |
No |
Business Period |
2 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(14) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,661,000 |
Current Liabilities |
2,797,000 |
|
Inventories |
0 |
Long-term Liabilities |
0 |
|
Fixed Assets |
342,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
2,797,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
0 |
|
|
|
Net Worth |
206,000 |
|
Total Assets |
3,003,000 |
Total Liab. & Equity |
3,003,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
3,460,000 |
Net Profit / (Loss) |
(14,504,000) |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
DUET INDIA INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
814A, International Trade Tower, Nehru Place, New Delhi-110016, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.08.2009 |
|
|
|
|
Com. Reg. No.: |
55-193690 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400DL2009PTC193690 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD11495B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is engaged in management
consultancy in the areas of infrastructure projects and in promotion of
infrastructure projects. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish itself gradually. Trade
relations are reported as fair. Business is active. Payments are unknown. The Company can be considered for business dealings on a secured 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
814A, International Trade Tower, Nehru Place, New Delhi-110016, Delhi,
India |
|
Tel. No.: |
91-11-46584981-83 |
|
Fax No.: |
91-11-46584985 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Shailendra Kumar Mundra |
|
Designation : |
Director |
|
Address : |
84, Chanaskyapuri, Indore-452009, Madhya Pradesh, India |
|
Date of Appointment : |
15/12/2009 |
|
DIN No.: |
00484533 |
|
|
|
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U67120MP1997PTC012119 |
Veba
Financials Private Limited |
Director |
9/7/1997 |
9/7/1997 |
- |
Active |
NO |
|
2 |
U74140MH2006PTC163409 |
Subhkam
Capital Ventures Private Limited |
Whole-time
director |
18/12/2008 |
18/12/2008 |
4/9/2009 |
Active |
NO |
|
3 |
U74900DL2009PTC196448 |
Duet
Energy and Environment Projects
(Orissa) Private Limited |
Director |
30/11/2009 |
30/11/2009 |
20/10/2010 |
Active |
NO |
|
4 |
U45400DL2009PTC193690 |
Duet
India Infrastructure Private Limited |
Director |
30/09/2010 |
15/12/2009 |
- |
Active |
NO |
|
5 |
U45400DL2009PTC197277 |
Sare
Facility Services Private Limited |
Director |
23/12/2009 |
23/12/2009 |
30/08/2010 |
Active |
NO |
|
6 |
U65990MH1992PTC069351 |
Latur
Finance And Investment Private Limited |
Additional
director |
26/03/2010 |
26/03/2010 |
29/04/2010 |
Active |
NO |
|
Name : |
Mr. Manoj Thakur |
|
Designation : |
Additional Director |
|
Address : |
D-44, Hari Nagar Extn, Badarpur, Delhi-110044, Delhi, India |
|
Date of Appointment : |
12.09.2010 |
|
DIN No.: |
01042017 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1994PTC061001 |
Comicom
Impex Private Limited |
Director |
25/04/2005 |
25/04/2005 |
- |
Active |
NO |
|
2 |
U74899DL1993PTC056439 |
Shubham
Overseas Private Limited |
Director |
25/04/2005 |
25/04/2005 |
6/7/2010 |
Active |
NO |
|
3 |
U74899DL1994PTC061041 |
Comecon
Aviation Private Limited |
Director |
25/04/2005 |
25/04/2005 |
5/10/2009 |
Active |
NO |
|
4 |
U45200DL2007PTC158757 |
Raksha
Developers Private Limited |
Director |
3/2/2007 |
3/2/2007 |
- |
Active |
NO |
|
5 |
U45400DL2007PTC169458 |
Avon
Infracon Private Limited |
Director |
16/10/2007 |
16/10/2007 |
- |
Active |
NO |
|
6 |
U45400DL2007PTC169465 |
Duet
India Residential Private Limited |
Director |
16/10/2007 |
16/10/2007 |
- |
Active |
NO |
|
7 |
U45400DL2007PTC169466 |
Sare
Jubilee Kolathur Private Limited |
Alternate
director |
24/05/2011 |
16/10/2007 |
- |
Active |
NO |
|
8 |
U45309TN2007PTC065581 |
Sare
Jubilee Shelters Private Limited |
Director |
7/12/2007 |
7/12/2007 |
28/12/2007 |
Active |
NO |
|
9 |
U55101DL2008PTC181364 |
Duet
India Hotels (Bangalore) Private Limited |
Director |
25/07/2008 |
25/07/2008 |
16/06/2009 |
Active |
NO |
|
10 |
U55101DL2008PTC181368 |
Duet
India Hotels (Hyderabad) Private Limited |
Director |
25/07/2008 |
25/07/2008 |
9/6/2009 |
Active |
NO |
|
11 |
U55101DL2008PTC181482 |
Duet
Jkm India Hotels (Indore) Private Limited |
Director |
29/07/2008 |
29/07/2008 |
13/10/2008 |
Active |
NO |
|
12 |
U72900DL2004PLC124647 |
Core
Bpo (India) Limited |
Director |
20/08/2008 |
20/08/2008 |
- |
Strike
off |
NO |
|
13 |
U80903DL2008PTC183294 |
Comecon
Education Private Limited |
Director |
16/09/2008 |
16/09/2008 |
- |
Active |
NO |
|
14 |
U36909DL1991PLC044946 |
Velocient
Technologies Limited |
Director |
3/10/2009 |
3/10/2009 |
- |
Active |
NO |
|
15 |
U45200DL2007PTC158837 |
Sare
Realty Private Limited |
Director |
29/09/2010 |
20/01/2010 |
- |
Active |
NO |
|
16 |
U45400DL2009PTC197277 |
Sare
Facility Services Private Limited |
Director |
30/08/2010 |
30/08/2010 |
- |
Active |
NO |
|
17 |
U74900DL2009PTC196448 |
Duet
Energy and Environment Projects (Orissa) Private Limited |
Director |
30/08/2010 |
30/08/2010 |
- |
Active |
NO |
|
18 |
U45400DL2009PTC193690 |
Duet
India Infrastructure Private Limited |
Director |
27/12/2010 |
12/9/2010 |
- |
Active |
NO |
|
19 |
U74999DL2009PTC192980 |
Indian
Offset Services Private Limited |
Director |
23/11/2010 |
23/11/2010 |
- |
Active |
NO |
|
20 |
U93030DL2010PTC208273 |
Dih
Advisory Services Private Limited |
Director |
28/02/2011 |
28/02/2011 |
- |
Active |
NO |
|
21 |
U93030DL2010PTC208022 |
Sare
Advisory Services Private Limited |
Additional
director |
28/02/2011 |
28/02/2011 |
- |
Active |
NO |
|
22 |
U51909DL2005PTC133119 |
Shubham
Exim Private Limited |
Director |
1/7/2011 |
1/7/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Phiroze Jamsheed Nagarvala |
|
Designation : |
Director |
|
Address : |
725, Evelid Avenue, Berbeley CA 94708, Berbeley-94708, United States
of America. |
|
Date of Appointment : |
02.03.2010 |
|
DIN No.: |
01065962 |
|
|
|
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74300DL2006PTC155670 |
Ramprastha
Sare Landholding Company Two Private Limited. |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
2 |
U18109DL2006PTC155674 |
Ramprastha
Sare Landholding Company Three Private Limited |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
3 |
U70109DL2006PTC152359 |
Ramprastha
Sare Landholding Company One Private Limited |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
4 |
U27106DL2006PTC155666 |
Ramprastha
Sare Landholding Company Four Private Limited. |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
5 |
U51500DL2006PTC155672 |
Ramprastha
Sare Landholding Company Five Private Limited |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
6 |
U70109DL2006PTC152635 |
Ramprastha
Sare Realty Private Limited |
Nominee
director |
26/09/2007 |
26/09/2007 |
18/05/2009 |
Active |
NO |
|
7 |
U70102PB2007PTC031457 |
Impact
Sare Realty Private Limited |
Nominee
director |
7/11/2007 |
7/11/2007 |
26/05/2008 |
Active |
NO |
|
8 |
U45201PB2007PTC031316 |
Impact
Sare Magnum Townships Private Limited |
Nominee
director |
27/12/2007 |
27/12/2007 |
26/05/2008 |
Active |
NO |
|
9 |
U45400DL2008PTC173681 |
South
Asian Engineers Private Limited |
Whole-time
director |
22/09/2008 |
6/2/2008 |
1/12/2009 |
Active |
NO |
|
10 |
U51909DL2008PTC177769 |
South
Asian Sales Organisation Private Limited |
Director |
7/5/2008 |
7/5/2008 |
7/5/2008 |
Active |
NO |
|
11 |
U45400DL2009PTC193690 |
Duet
India Infrastructure Private Limited |
Director |
2/3/2010 |
2/3/2010 |
- |
Active |
NO |
|
12 |
U74900DL2009PTC196448 |
Duet
Energy and Environment Projects (Orissa) Private Limited |
Director |
17/08/2010 |
17/08/2010 |
30/08/2010 |
Active |
NO |
|
13 |
U41000AP2005PTC072437 |
Waterhealth
India Private Limited |
Additional
director |
30/03/2011 |
30/03/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Manoj Lakshman Thakur |
5000 |
|
Mohit Prem Praksh Chawla |
5000 |
|
|
|
|
TOTAL |
10000 |
EQUITY SHARE BREAKUP:
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
50.00 |
|
Other top fifty shareholders |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in management
consultancy in the areas of infrastructure projects and in promotion of
infrastructure projects. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
Auditors : |
|
|
Name : |
ALPS and Associates Chartered Accountant |
|
Address : |
B-5/20, 1st Floor, Sector-7, Rohini, Delhi-110085 |
|
Tel. No.: |
91-11-27041212 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
14.700 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(14.594) |
|
|
NETWORTH |
|
|
0.206 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.206 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.342 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
0.517
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.144
|
|
Total
Current Assets |
|
|
2.661 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.064
|
|
|
Other Current Liabilities |
|
|
2.733
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
2.797 |
|
|
Net Current Assets |
|
|
(0.136) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.206 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
3.460 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
18.055 |
|
|
|
Depreciation |
|
|
|
|
|
|
Financial Charges |
|
|
|
|
|
|
TOTAL |
|
|
18.055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
(14.594) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
(14.504) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(1.459) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
PAT / Total Income |
(%) |
|
|
(419.19) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(485.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(70.84) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
13.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.95 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
During the year, the company incurred the loss
of Rs.14.594 Millions (before provision of tax).
BACKGROUND:
The Subject was incorporated on 28.08.2009, as
a private limited company. The subject is engaged in management consultancy in
the areas of infrastructure projects and in promotion of infrastructure
projects.
FIXED ASSTES:
·
Computer and Software
·
Mobile Phones
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.49.22 |
|
|
1 |
Rs.65.06 |
|
Euro |
1 |
Rs.76.07 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
TOTAL |
|
14 |
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.