Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
VIJEX VYAPAAR
PRIVATE LIMITED |
Principal Name 1 |
Mr. Navratan Baid |
|
Status |
Recently Commence Business Activities |
Principal Name 2 |
Mrs. Usha Devi Baid |
|
|
|
Registration # |
55-097102 |
|
Street Address |
N-152, Basement, Greater Kailash-I, New Delhi-110048 |
||
|
Established Date |
15.12.1993 |
SIC Code |
-- |
|
Telephone# |
91-11-23282070 |
Business Style 1 |
Finance |
|
Fax # |
Not Available |
Business Style 2 |
Investment |
|
Homepage |
Product Name 1 |
--- |
|
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs. 8,959,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Other Related Parties |
India
|
Duropan Estates Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
13,826,000 |
Current Liabilities |
29,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
92,000 |
|
Fixed Assets |
211,000 |
Other Liabilities |
179,000 |
|
Deferred Assets |
23,000 |
Total Liabilities |
300,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
4,801,000 |
|
|
|
Net Worth |
13,760,000 |
|
Total Assets |
14,060,000 |
Total Liab. & Equity |
14,060,000 |
|
Total Assets (Previous Year) |
13,747,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
785,000 |
Net Profit |
385,000 |
|
Sales(Previous yr) |
631,000 |
Net Profit(Prev.yr) |
240,000 |
|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIJEX VYAPAAR PRIVATE LIMITED (w.e.f.13.08.2010) |
|
|
|
|
Formerly Known
As : |
CHINTAMANI VYAPAAR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
N-152, Basement, Greater Kailash-I, New Delhi-110048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.12.1993 |
|
|
|
|
Com. Reg. No.: |
55-097102 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.959 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC097102 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Finance and Investment |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 55000 |
|
|
|
|
Status : |
Recently Commence Business Activities |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 1993, the company has
recently commence it’s business activities after the acquisition of Vijex Enterprises
(Proprietory concern started in the year 1984) w.e.f. 01.04.2011. the concern
has turnover of Rs. 130.000 Millions for the year ended 31st
March, 2011. Trade relations are reported as fair. Business is active. Payments are
unknown. The concern 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
N-152, Basement, Greater Kailash-I, New Delhi-110048, India |
|
Tel. No.: |
91-11-23282070 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
53, Daryaganj, Brij Mohan Marg, New Delhi-110002, India |
|
Tel. No.: |
011-23257664 |
|
Fax No.: |
011-23282070 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Navratan Baid |
|
Designation : |
Director |
|
Address : |
B-4-4, silver Park Apartments, Thanikachalam Road, T. Nagar,
Chennai-600017, Tamilnadu, India |
|
Date of Appointment : |
16.11.1998 |
|
DIN No.: |
00251523 |
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 |
U51909TN1989PTC017214 |
V.I.OFFICE EQUIPMENT
PRIVATE LIMITED |
Whole-time
director |
11-04-89 |
11-04-89 |
13-10-08 |
Active |
NO |
|
2 |
U74899DL1995PTC073410 |
NAVISHA (INDIA )
PRIVATE LIMITED |
Director |
25-10-95 |
25-10-95 |
22-12-08 |
Active |
|
|
3 |
U74899DL1993PTC097102 |
VIJEX VYAPAAR
PRIVATE LIMITED |
Director |
16-11-98 |
16-11-98 |
- |
Active |
NO |
|
4 |
U74899DL1994PTC058986 |
DUROPAN ESTATES
PRIVATE LIMITED |
Director |
07-10-05 |
07-10-05 |
24-10-11 |
Active |
NO |
|
5 |
U45201DL2005PTC143094 |
VIBGYOR
PROMOTERS PRIVATE LIMITED |
Director |
29-11-05 |
29-11-05 |
10-12-09 |
Active |
NO |
|
6 |
U72200DL2006PTC145415 |
P B TECH IMPACT
SOLUTIONS PRIVATE LIMITED |
Director |
25-01-06 |
25-01-06 |
- |
Active |
NO |
|
7 |
U63040DL1999PLC098125 |
MAXIM RADIO CABS
LIMITED |
Director |
20-12-06 |
20-12-06 |
10-05-08 |
Active |
NO |
|
8 |
U52590DL2010PTC202387 |
VIJEX RETAIL
BUSINESS PRIVATE LIMITED |
Director |
07-05-10 |
07-05-10 |
- |
Active |
NO |
|
Name : |
Mrs. Usha Devi Baid |
|
Designation : |
Director |
|
Address : |
B-4-4, silver Park Apartments, Thanikachalam Road, T. Nagar, Chennai-600017,
Tamilnadu, India |
|
Date of Appointment : |
16.11.1998 |
|
DIN No.: |
00589049 |
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 |
U74899DL1993PTC097102 |
VIJEX
VYAPAAR PRIVATE LIMITED |
Director |
16-11-98 |
16-11-98 |
- |
Active |
NO |
|
2 |
U74899DL1994PTC058986 |
DUROPAN
ESTATES PRIVATE LIMITED |
Director |
07-10-05 |
07-10-05 |
28-09-11 |
Active |
NO |
|
3 |
U45201DL2005PTC143094 |
VIBGYOR
PROMOTERS PRIVATE LIMITED |
Director |
29-11-05 |
29-11-05 |
10-12-09 |
Active |
NO |
|
4 |
U52590DL2010PTC202387 |
VIJEX
RETAIL BUSINESS PRIVATE LIMITED |
Director |
07-05-10 |
07-05-10 |
- |
Active |
NO |
|
5 |
U74999DL2011PTC223661 |
SMB
UNISOL PRIVATE LIMITED |
Director |
02-01-12 |
02-01-12 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Usha Devi Baid |
147200 |
|
Muskan Baid |
23800 |
|
Bhavuk Baid |
10000 |
|
Prerna Baid |
10000 |
|
Preksha Baid |
10000 |
|
Pragya Baid |
10000 |
|
Priyankar Baid |
29000 |
|
S. K. Baid and Sons, India |
32300 |
|
Bharti Baid |
108500 |
|
Vijay |
42000 |
|
Indira Baid |
50000 |
|
Nilesh Baid |
54500 |
|
Vaishally Baid |
68250 |
|
Sunita Baid |
29800 |
|
V.C.B and Sons, India |
20000 |
|
Nilesh Baid and Sons, India |
31500 |
|
N. R Baid and Sons, India |
25800 |
|
Nav Baid |
143270 |
|
Navisha Baid |
50000 |
|
TOTAL |
895920 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Finance and Investment |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
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|||||||||||||||
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Bankers : |
Canara Bank |
|||||||||||||||
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Facilities : |
|
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Sipani and Associates Chartered Accountant |
|
Address : |
168, Wadhwa Complex, D-288/289, Street No.10, Laxmi Nagar,
Delhi-110092, India |
|
Tel. No.: |
91-11-22424942 / 42418942 |
|
Mobile No.: |
91-9811017629 |
|
E-Mail : |
|
|
Pan No.: |
AAKPS2084E |
|
|
|
|
Other Related Parties : |
·
Duropan Estates Private Limited ·
Vijex Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
895920 |
Equity Shares |
Rs.10/- each |
Rs. 8.959
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 |
8.959 |
8.959 |
8.959 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4.801 |
4.415 |
4.175 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.760 |
13.374 |
13.134 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.092 |
0.220 |
0.333 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.092 |
0.220 |
0.333 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
13.852 |
13.594 |
13.470 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.211 |
0.284 |
0.377 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.023 |
0.016 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.712
|
0.047 |
0.082 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.114
|
13.400 |
13.295 |
|
Total
Current Assets |
13.826
|
13.447 |
13.377 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.029
|
0.036 |
0.158 |
|
|
Provisions |
0.179
|
0.117 |
0.126 |
|
Total
Current Liabilities |
0.208
|
0.153 |
0.284 |
|
|
Net Current Assets |
13.618
|
13.294 |
13.093 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.852 |
13.594 |
13.470 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.785 |
0.631 |
0.592 |
|
|
|
Other Income |
0.030 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.815 |
0.631 |
0.592 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Salary and Bonus |
0.084 |
0.078 |
0.072 |
|
|
|
Staff Welfare |
0.002 |
0.002 |
0.003 |
|
|
|
Audit Fee |
0.017 |
0.011 |
0.009 |
|
|
|
Interest on Vehicle Loan |
0.020 |
0.035 |
0.015 |
|
|
|
Filing Fee |
0.010 |
0.009 |
0.000 |
|
|
|
Telephone Expenses |
0.012 |
0.021 |
0.024 |
|
|
|
Travelling Expenses |
0.008 |
0.000 |
0.000 |
|
|
|
Other Expenses |
0.032 |
0.038 |
0.026 |
|
|
|
TOTAL |
0.185 |
0.194 |
0.149 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.630 |
0.437 |
0.443 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.073 |
0.098 |
0.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.557 |
0.339 |
0.404 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.172 |
0.099 |
(0.002) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.385 |
0.240 |
0.406 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.460 |
3.220 |
2.814 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.845 |
3.460 |
3.220 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.44 |
0.27 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
47.24
|
38.03 |
68.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
70.96
|
53.72 |
68.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.96
|
2.47 |
2.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02
|
0.03 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
66.47
|
87.89 |
47.10 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions 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 |
No |
|
10. Designation of contact person |
No |
|
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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
NOTE
Registered office has been shifted from Ganga Apartment, 2nd
floor, 1/50, Lalita Park, Main vikas Marg, Delhi-110092, India to the present
address w.e.f.31.05.2010.
ACQUISITION OF NEW BUSINESS
The company has acquired running business of M/s
Vijex Enterprises (Proprietor Nav Ratan Baid) on going concern basis
w.e.f.01.04.2011 pursuant to Business Purchase Agreement dated 29.03.2011. The
directors feel that said acquisition shall be highly beneficial for the future
growth of the company as the said firm has turnover of Rs. 130.000 Millions and
Net Profit of Rs. 2.300 Millions for the Y.E. 31.03.2011.
FIXED ASSETS
·
Car – Hyundai i10
·
Mobile Phone
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. 55.49 |
|
|
1 |
Rs. 85.57 |
|
Euro |
1 |
Rs. 69.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.