MIRA
INFORM REPORT
|
Report Date : |
04.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
VARDHAMAN TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
105, Jhalawar, Patanwala Compound, L.B.S. Marg, Ghatkopar (West),
Mumbai - 400 086, |
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|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
30.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-169415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2007PTC169415 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturing, Assembling and Trading in Computer Systems and
Accessories. |
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|
|
|
No. of Employees
: |
50 (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 |
|
Maximum Credit Limit : |
USD 56000 |
|
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Even though
the company achieved some growth in its turnover during 2012, the
profitability appears to be low. There also appears huge external borrowings recorded by the company. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Nikit Devchand Rambhia |
|
Designation : |
Director |
|
Contact No.: |
91-9819893949 |
|
Date : |
03.12.2012 |
LOCATIONS
|
Registered Office/ Head Office : |
105, Jhalawar, Patanwala Compound, L.B.S. Marg, Ghatkopar (West),
Mumbai - 400 086, |
|
Tel. No.: |
91-22-25007002 / 25007502 |
|
Mobile No.: |
91-9819893949 (Mr. Nikit Rambhia) |
|
Fax No.: |
91-22-25007502 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1: |
F-6, 1st Floor, Avis Udyog Bhavan, Ringan Wada, |
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|
|
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Factory 2: |
Survey No. 485/C, Futardo Compound, Near Dabhel Check Post, Dabhel, Daman-396210, Union Territory, India |
|
|
|
|
Warehouse: |
F N D Logistics Private Limited Stoneage Complex, Mumbai- Nashik Bypass Road, Mankoli Naka, Behind
Volvo Godown, Vehala Bhatla Road, Bhiwandi, Thane – 421 302, Maharashtra,
India |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Nikit Devchand Rambhia |
|
Designation : |
Director |
|
Address : |
42/502, Rajshree Dham, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400
086, |
|
Date of Birth/Age : |
09.10.1978 |
|
Date of Appointment : |
30.03.2007 |
|
PAN No.: [Permanent Account No.] |
ABSPR2429M |
|
DIN No.: |
00165678 |
|
|
|
|
Name : |
Mr. Amit Devchand Rambhia |
|
Designation : |
Director |
|
Address : |
2B-113, Kalpatru Aura, LBS Marg, Ghatkopar (West), Mumbai – 400086,
Maharashtra, India |
|
Date of Birth/Age : |
23.09.1974 |
|
Date of Appointment : |
30.03.2007 |
|
DIN No.: |
00165919 |
|
|
|
|
Name : |
Mr. Devchand Lalji Rambhia |
|
Designation : |
Director |
|
Address : |
42/502, Rajshree Dham, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400
086, |
|
Date of Birth/Age : |
16.01.1948 |
|
Date of Appointment : |
30.03.2007 |
|
PAN No.: [Permanent Account No.] |
AABPR0812N |
|
DIN No.: |
00165851 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amit Devchand Rambhia |
|
100000 |
|
Nikit Devchand Rambhia |
|
100000 |
|
Devchand Lalji Rambhia |
|
99990 |
|
Deepa A. Rambhia jointly held with Deepa P. Rambhia |
|
1 |
|
Deepa A. Rambhia jointly held with Hareshkumar Hansraj and Company, |
|
1 |
|
Deepa A. Rambhia jointly held with Jacky Savla |
|
1 |
|
Deepa A. Rambhia jointly held with Jitendra Nagda |
|
1 |
|
Deepa A. Rambhia jointly held with Khushbu Jacky Savla |
|
1 |
|
Kavita N. Rambhia jointly held with Lalaji Hirji and Sons, |
|
1 |
|
Kavita N. Rambhia jointly held with Manilal K. Savla |
|
1 |
|
Kavita N. Rambhia jointly held with Manilal K. Savla (HUF) |
|
1 |
|
Kavita N. Rambhia jointly held with Raja Trading Company, |
|
1 |
|
Kavita N. Rambhia jointly held with Visanji Gangji Gala |
|
1 |
|
Total |
|
300000 |
As on 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Assembling and Trading in Computer Systems and
Accessories. |
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Products : |
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Exports : |
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Products : |
IT Products |
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Countries : |
·
UK ·
Australia |
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Imports : |
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Products : |
IT Products |
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Countries : |
·
China ·
Taiwan ·
Korea |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporation |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Canara Bank, H.O. at 112, Jayamarajendra, Bangalore – 560 002, Karnataka, India Branch at R.D. Shah Building, Ghatkopar (West), Mumbai – 400 086, Maharashtra, India · ICICI Bank ·
HDFC Bank ·
Standard Chartered Bank ·
State Bank of India |
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|
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Banking
Relations : |
-- |
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|
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Auditors : |
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|
Name : |
Jain Salia and Associates Chartered Accountants |
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Address : |
4 and 8, |
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Tel. No.: |
91-22-24334447 / 24362369 |
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Mobile No.: |
91-9664126404 |
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E-Mail : |
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|
PAN.: |
AAJPS4216M |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.198 |
9.275 |
3.803 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.198 |
12.275 |
6.803 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
61.177 |
31.349 |
24.815 |
|
|
2] Unsecured Loans |
|
10.414 |
8.269 |
|
|
TOTAL BORROWING |
61.177 |
41.763 |
33.084 |
|
|
DEFERRED TAX LIABILITIES |
0.573 |
0.397 |
0.266 |
|
|
|
|
|
|
|
|
TOTAL |
75.948 |
54.435 |
40.153 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.717 |
7.018 |
6.158 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.741 |
2.382 |
0.998 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
66.523
|
29.470
|
19.628
|
|
|
Sundry Debtors |
52.974
|
37.883
|
15.063
|
|
|
Cash & Bank Balances |
0.671
|
3.268
|
1.065
|
|
|
Other Current Assets |
1.879
|
1.225
|
3.752
|
|
|
Other Non- Current Assets |
2.518
|
0.000
|
0.000
|
|
|
Loans & Advances |
0.000
|
1.569
|
1.212
|
|
Total
Current Assets |
124.565
|
73.415
|
40.720
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.820
|
25.163
|
|
|
|
Other Current Liabilities |
10.929
|
0.403
|
|
|
|
Provisions |
0.326
|
2.821
|
0.678
|
|
Total
Current Liabilities |
64.075
|
28.387
|
7.736
|
|
|
Net Current Assets |
60.490
|
45.028
|
32.984
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.0000 |
0.007 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
75.948 |
54.435 |
40.153 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
251.748 |
173.428 |
15.325 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
251.748 |
173.428 |
15.325 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Of Purchases and Total Expenditure |
240.719 |
164.924 |
|
|
|
|
TOTAL (B) |
240.719 |
164.924 |
13.958 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.029 |
8.504 |
|
|
|
|
|
|
|
|
|
|
Less |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.227 (Including Financial
and Depreciation Expenses) |
8.504 |
(Including
Financial and Depreciation Expenses) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.406 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.802 |
8.098 |
1.367 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.879 |
2.626 |
0.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.923 |
5.472 |
0.961 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.275 |
3.803 |
2.842 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.198 |
9.275 |
3.803 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
For Goods |
|
0.269 |
NA |
|
|
|
For Services |
1.348 |
|
|
|
|
TOTAL EARNINGS |
18.573 |
0.269 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.41 |
18.24 |
3.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.76
|
3.16 |
6.27
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.07
|
10.07 |
2.92
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.66 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.82
|
5.71 |
6.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
2.59 |
5.26
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Trade Payables |
52.820
|
25.163
|
Not Available |
|
Total |
52.820
|
25.163
|
Not Available |
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from 313, Bhaveshwar
Arcade, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086, Maharashtra to
the present address w.e.f. 03.12.2008.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U72200MH2007PTC169415 |
|
Name of the
company |
VARDHAMAN
TECHNOLOGY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
105, Jhalawar, Patanwala Compound, L.B.S. Marg, Ghatkopar (West),
Mumbai - 400 086, E-Mail: nikit@rambhia.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10110959 |
|
Type of charge |
· Immovable property · Book debts ·
Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, H.O. at 112, Jayamarajendra, E-Mail: rdcity0129@canbank.co.in |
|
Date of
instrument Creating the charge |
13.06.2012 |
|
Amount secured by
the charge |
Rs.49.630 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.50% p.a.
floating (subject to changes as advised by Bank/RBI from time to time). Terms of Repayment Working capital -
running limits Margin 20 % On Stocks,
40 % On Book Debts and 25 % On Bank Guarantee. Extent and Operation of the charge The Charge is
Operative and Modified and Decreasaed
From Rs.67.500 Millions To Rs.49.630 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Borrowers assets
/goods/ securities |
|
Date of
instrument modifying the charge |
14.06.2011 |
|
Particulars of
the present modification |
The limit is
decreased from Rs.67.500 Millions to Rs.49.630 Millions |
FIXED ASSETS
· Furniture and Fixture
· Plant and Machinery
· Air Conditioner
· Motor Car
· Mobile Hand Set
· Telephone Instrument
· Tools and Instrument
· Computer System
· Laptop
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.54.56 |
|
|
1 |
Rs.87.46 |
|
Euro |
1 |
Rs.71.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.