|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
NAHATA DATA PRODUCTS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
NAHATA DISTRIBUTORS PRIVATE LIMITED (w.e.f. 09.08.2000) BALOTRA METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.06.1997 |
|
|
|
|
Com. Reg. No.: |
11-108703 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27201MH1997PTC108703 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier of Computer Related Services |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 41000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
management have fail to file its latest financial with government department
and from previous year the profitability appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be 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 DECLINED BY
|
Name : |
Mr. Mahavir |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9821112925 |
|
Date : |
11.12.2012 |
LOCATIONS
|
Registered Office : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra, India |
|
Tel. No.: |
91-22-66243434 / 23425382 |
|
Fax No.: |
91-22-23443256 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajendra Champalal Nahata |
|
Designation : |
Director |
|
Address : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra, India |
|
Date of Birth/Age : |
31.12.1961 |
|
Date of Appointment : |
11.06.1997 |
|
DIN No.: |
00464725 |
|
|
|
|
Name : |
Mr. Vivek Ashok Nahata |
|
Designation : |
Director |
|
Address : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra, India |
|
Date of Birth/Age : |
08.04.1984 |
|
Date of Appointment : |
16.10.2002 |
|
DIN No.: |
00464763 |
|
|
|
|
Name : |
Mr. Ashok Champalal Nahata |
|
Designation : |
Director |
|
Address : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra, India |
|
Date of Birth/Age : |
07.01.1958 |
|
Date of Appointment : |
17.10.2001 |
|
DIN No.: |
00464939 |
|
|
|
|
Name : |
Mr. Mahavir Champalal Nahata |
|
Designation : |
Director |
|
Address : |
15 Dhanji Street, White House, 2nd Floor, Mumbai – 400002,
Maharashtra, India |
|
Date of Birth/Age : |
08.01.1966 |
|
Date of Appointment : |
11.06.1997 |
|
DIN No.: |
00464957 |
KEY EXECUTIVES
|
Name : |
Mr. Mahavir |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mahavir Champalal Nahata |
|
25000 |
|
Rajendra Champalal Nahata |
|
25000 |
|
Ashok C. Nahata |
|
69989 |
|
Champalal L. Nahata |
|
10000 |
|
Bidamidevi Champalal Nahata |
|
10000 |
|
Vimla Ashok Nahata |
|
2000 |
|
Priyadarshni Rajendra Nahata |
|
2000 |
|
Mamta Mahavir Nahata |
|
2000 |
|
Pooja Ashok Nahata |
|
2000 |
|
Vivek Ashok Nahata |
|
2000 |
|
Kishankumar Nahata Jointly with Dhanraj Nahata |
|
1 |
|
Jagdamba Prasad Pandey |
|
1 |
|
Jagdamba P. Pandey Jointly with Srikant R. Shah |
|
1 |
|
Vipul N. Pathak |
|
1 |
|
Mahendrakumar Gheesulalji |
|
1 |
|
Rushi C. Parikh |
|
1 |
|
Pukhraj Talesara |
|
1 |
|
Inderchand Parekh Vakatwarmal Balar Bharatkumar Balar Lalitaben Balar |
|
1 |
|
Deoraj Talesara |
|
1 |
|
Ashok Bafna |
|
1 |
|
Bansilal Jain |
|
1 |
|
Total |
|
150000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier of Computer Related Services |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
The Greater Bombay Co-Operative Bank Limited, GBCB House, 89, Bhuleshwar, Mumbai - 400002, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayendra R. Parekh and Company Chartered Accountants |
|
Address : |
705/706, Siddharth Tower, Kastrur Park, Shimpoli Road, Borivali
(West), Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-28988979 |
|
Mobile No.: |
91-9821118955 |
|
PAN No.: |
AADPP9565A |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500
Millions |
|
|
|
|
|
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 |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
8.663 |
7.786 |
6.728 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.163 |
9.286 |
8.228 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
28.775 |
34.410 |
33.899 |
|
|
2] Unsecured Loans |
18.348 |
21.461 |
14.765 |
|
|
TOTAL BORROWING |
47.123 |
55.871 |
48.664 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.286 |
65.157 |
56.892 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.615 |
0.718 |
0.704 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.948 |
0.948 |
0.820 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.918
|
35.048 |
37.078 |
|
|
Sundry Debtors |
34.734
|
39.490 |
31.619 |
|
|
Cash & Bank Balances |
8.010
|
6.177 |
8.523 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
13.795
|
19.626 |
15.431 |
|
Total
Current Assets |
92.457
|
100.341 |
92.651 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.670 |
35.344 |
36.517 |
|
|
Other Current Liabilities |
0.394
|
0.237 |
0.000 |
|
|
Provisions |
1.670
|
1.270 |
0.770 |
|
Total
Current Liabilities |
36.734
|
36.851 |
37.287 |
|
|
Net Current Assets |
55.723
|
63.490 |
55.364 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.001 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
57.286 |
65.157 |
56.892 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
232.138 |
312.545 |
312.433 |
|
|
|
Other Income |
0.693 |
0.628 |
0.657 |
|
|
|
TOTAL
(A) |
232.831 |
313.173 |
313.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
216.046 |
294.561 |
294.741 |
|
|
|
Administrative Expenses |
8.120 |
9.945 |
9.240 |
|
|
|
Preliminary Expenses |
0.001 |
0.003 |
0.003 |
|
|
|
TOTAL (B) |
224.167 |
304.509 |
303.984 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.664 |
8.664 |
9.106 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.260 |
6.956 |
6.659 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.404 |
1.708 |
2.447 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.127 |
0.150 |
0.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.277 |
1.558 |
2.264 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.400 |
0.500 |
0.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.877 |
1.058 |
1.494 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.786 |
6.728 |
5.234 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.663 |
7.786 |
6.728 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.85 |
7.05 |
9.96 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.38 |
0.34 |
0.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.55 |
0.50 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.37 |
1.54 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.17 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.25 |
9.99 |
10.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.52 |
2.72 |
2.48 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditor |
|
|
|
|
- For Goods |
33.694 |
34.738 |
36.337 |
|
- For Expenses |
0.976 |
0.606 |
0.180 |
|
Total |
34.670 |
35.344 |
36.517 |
|
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 |
No |
|
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 |
No |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS
During the period, the company has earned a Net profit after Taxation of
Rs.0.877 Million (Previous year Net Loss after Taxation of Rs.1.057 Million.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27201MH1997PTC108703 |
|
Name of the
company |
NAHATA DATA
PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15 Dhanji Street,
White House, 2nd Floor, Mumbai – 400002, Maharashtra, India E-Mail Id : nahata@bom5.vsnl.net.in |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80021143 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
The Greater
Bombay Co-Operative Bank Limited, GBCB House, 89, Bhuleshwar, Mumbai -
400002, Maharashtra, India E-mail Id : vlaxman@vsnl.com |
|
Nature of
instrument creating charge |
a) Facility
Agreement ; and b) Supplemental
Agreement. (Collectively
constitute a single charge for Rs.42.000 Millions |
|
Date of
instrument Creating the charge |
23.02.2010 |
|
Amount secured by
the charge |
Rs.42.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 13%
p.a. at monthly rest. Terms of
Repayment On Demand Margin 30% against
Stocks ; and 40% against Receivable Extent and
Operation of the charge The Company
Hypothecated Stocks, Book Debts, Plant and Machinery by way of First charge,
as security for the repayment of Credit facility of Rs.42.000 Millions,
together with interest, costs, charges, expenses etc. Others |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Stock, Book-Debts/Receivable of the Company. Hypothecation of
Plant and Machinery, Furniture and Fixture of the Company. |
|
Date of
instrument modifying the charge |
09.02.2008 |
|
Particulars of
the present modification |
The charge now
stands increased from Rs.32.000 Millions to Rs.42.000 Millions (Comprising : Cash
Credit facility of Rs.40.000 Millions and Withdrawal Against Effect Facility
of Rs.2.000 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 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.54.27 |
|
|
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.