|
Report Date : |
11.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RIA COMPUTERS
PRIVATE LIMITED |
|
|
|
|
Registered Office : |
M/10-12, Shiv Smruti Complex, 1st Floor, Near
Turning Point, Ghod-dod Road, Surat-395007, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
10.03.2004 |
|
|
|
|
Com. Reg. No.: |
04-43759 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.0.906
Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200GJ2004PTC043759 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
SRTR02166D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCR7643B |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Trader of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
65 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. 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.
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. Amit Mangal |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9377289153 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
M/10-12, Shiv Smruti Complex, 1st Floor, Near
Turning Point, Ghod-dod Road, Surat-395007, Gujarat, India |
|
Tel. No.: |
91-261-2236791/ 2335972/ 2235882 |
|
Mobile No.: |
91-9377289153 [Mr. Amit Mangal] |
|
Fax No.: |
91-261-2335972/ 2242014 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office 1
: |
2nd Floor, above Jain Media, Near Bandari Ward, Station
Road, Bardoli, Gujarat |
|
Location : |
Rented |
|
|
|
|
Branch Office 2
: |
2nd P M Chambers,
Near Sayaji Library, Navsari, |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kamal
Ramchandra Agrawal |
|
Designation : |
Director |
|
Address : |
602, Sangeet
Sarita Apartment, |
|
Date of Birth/Age : |
18.01.1970 |
|
Qualification : |
B. Ed |
|
Date of Appointment : |
10.03.2004 |
|
DIN No.: |
01024227 |
|
|
|
|
Name : |
Mrs. Sima Kamal
Agrawal |
|
Designation : |
Director |
|
Address : |
602, Sangeet
Sarita Apartment, |
|
Date of Birth/Age : |
09.11.1975 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
10.03.2004 |
|
DIN No.: |
01024253 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Mangal |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kamal Agarwal |
|
5000 |
|
Sima Agarwal |
|
5000 |
|
Kamal Agarwal (HUF) |
|
40 |
|
Ramchandra Prasad Agarwal |
|
40 |
|
Gayatri Devi Agarwal |
|
40 |
|
Ramchandra Prasad Agarwal (HUF) |
|
40 |
|
Sushil Prasad Agarwal |
|
40 |
|
Sunita Devi . Agarwal |
|
40 |
|
Sushil Prasad Agarwal (HUF) |
|
40 |
|
Rajkumar Agarwal |
|
40 |
|
Poonam Agarwal |
|
40 |
|
Rajkumar Agarwal (HUF) |
|
40 |
|
Sunit Singhania |
|
40040 |
|
Rajnish Jajodia |
|
40040 |
|
Neelam Poddar |
|
40 |
|
Alpana Poddar |
|
40 |
|
Ravikant Goyal |
|
40 |
|
|
|
|
|
TOTAL
|
|
90600 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
55.54 |
|
Other
top fifty shareholders |
|
44.19 |
|
Others
|
|
0.27 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Retailers
|
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|
No. of Employees : |
65 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of India, Ghod-Dod Road Branch, Near BSNL, Surat-395007, Gujarat,
India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal and
Singhania Chartered
Accountants |
|
Address : |
B-1234, Kohinoor
Market, Ring Road, Surat-395002, Gujarat, India |
|
Tel. No.: |
91-261-2336379 |
|
Mobile No.: |
91-9374713280 |
|
Email: |
|
|
PAN No: |
AAJFA7558C |
|
|
|
|
Associates/Subsidiaries : |
Address: Surat and
Baldoi, Gujarat, India Line
of Business: Trader of Computer Peripherals. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90600 |
Equity Shares |
Rs.10/- each
|
Rs.0.906
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.906 |
0.906 |
0.906 |
|
|
2] Share Application Money |
0.011 |
0.011 |
0.011 |
|
|
3] Reserves & Surplus |
4.122 |
3.553 |
3.005 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.039 |
4.470 |
3.922 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.829 |
1.326 |
1.604 |
|
|
2] Unsecured Loans |
7.851 |
9.995 |
7.632 |
|
|
TOTAL BORROWING |
13.680 |
11.321 |
9.236 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.719 |
15.791 |
13.158 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.474 |
1.419 |
1.357 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.026 |
0.028 |
0.002 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.228
|
14.226
|
7.124
|
|
|
Sundry Debtors |
27.667
|
30.226
|
21.432
|
|
|
Cash & Bank Balances |
1.177
|
0.938
|
1.508
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1.574
|
1.595
|
1.086
|
|
Total
Current Assets |
43.646
|
46.985 |
31.150 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
26.167
|
32.369
|
19.119
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
0.260
|
0.272
|
0.244
|
|
Total
Current Liabilities |
26.427
|
32.641
|
19.363
|
|
|
Net Current Assets |
17.219
|
14.344
|
11.787
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
18.719 |
15.791 |
13.158 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
330.547 |
268.314 |
243.257 |
|
|
|
Other Income |
0.730 |
0.064 |
0.015 |
|
|
|
TOTAL (A) |
331.277 |
268.378 |
243.272 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase (Net) |
317.673 |
266.019 |
230.984 |
|
|
|
Trading Expenses |
0.266 |
0.316 |
1.113 |
|
|
|
Administrative and Selling Expenses |
9.511 |
6.793 |
7.153 |
|
|
|
Preliminary Expenses written off |
0.000 |
0.012 |
0.011 |
|
|
|
Increase/ Decrease in Stock |
0.997 |
(7.101) |
1.816 |
|
|
|
TOTAL (B) |
328.447 |
266.039 |
241.077 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.830 |
2.339 |
2.195 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.607 |
1.123 |
1.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.223 |
1.216 |
1.049 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.392 |
0.422 |
0.448 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.831 |
0.794 |
0.601 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.261 |
0.272 |
0.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.570 |
0.522 |
0.357 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.344 |
1.796 |
1.415 |
|
|
|
|
|
|
|
|
|
Add/ Less |
DEFERRED TAX
ASSETS / LIABILITIES |
(0.001) |
0.026 |
0.024 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.913 |
2.344 |
1.796 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.29 |
6.05 |
3.94 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
420.000 [Started more
new 2 branches in Baroda and Vapi] |
Expected Sales (2012-13) : Rs.500.000 Millions.
The above information has been parted by Mr. Amit Mangal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.17
|
0.19
|
0.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.25
|
0.29
|
0.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84
|
1.64
|
1.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.18
|
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.95
|
9.83
|
7.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.44
|
1.61 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Subject was originally incorporated in the year 1998 as a Sole Proprietory
Concern under the name and style “Ria Computers”. It was taken over by “Ria
Computers Private Limited” as on 10th March, 2004 having Company
Registration Number 043759.
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
For Goods |
25.605 |
32.059 |
18.603 |
|
For Expenses |
0.562 |
0.310 |
0.516 |
|
TOTAL |
26.167 |
32.369 |
19.119 |
|
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% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90107161 |
|
Corporate
identity number of the company |
U72200GJ2004PTC043759 |
|
Name of the
company |
RIA COMPUTERS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
M/10-12, Shiv Smruti Complex, 1st Floor, Near
Turning Point, Ghod-dod Road, Surat-395007, Gujarat, India |
|
Type of charge |
Book Debts Immovable
Property |
|
Particular of
charge holder |
Bank of India, Ghod-Dod Road Branch, Near BSNL, Surat-395007, Gujarat,
India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
1. Supplemental
Deed of Hypothecation of Book Debts. 2. Supplemental
Memorandum of Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
29.09.2011 |
|
Amount secured by
the charge |
Rs.15.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 4% over base rate
present effective @ 14.75% Terms of Repayment On Demand Margin 40% Extent and Operation of the charge As per the
Agreement |
|
Short particulars
of the property charged |
Hypothecation of
book debts EQM of
Office/Flat Situated At M-10-11, Mezzanine Floor, Shiv Smruti Complex, Ghod
Dod Road Surat and Flat No B/701, Milano Heights, Piplod, Surat Off No M -12-A
Shiv Smruti Complex, Ghod Dod Road Surat |
|
Date of latest
modification prior to the present modification |
14.02.2007 |
|
Particulars of
the present modification |
The credit facility
is enhanced from Rs.4.000 Millions to Rs.15.000 Millions. |
FIXED ASSETS
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.54.34 |
|
|
1 |
Rs.87.09 |
|
Euro |
1 |
Rs.70.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
44 |
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.