|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EDOMINER SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
FE-390, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.05.1995 |
|
|
|
|
Com. Reg. No.: |
21-071328 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.685 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140WB1995PTC071328 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE02338A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS7753C |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Dealer and Exporter of Computer Software Products |
|
|
|
|
No. of Employees
: |
63 (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 8000 |
|
|
|
|
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 usually
correct and as per commitment. The company can be considered for normal business dealing 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.
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Vineet Bansal |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9007009020 |
|
Date : |
09.06.2012 |
LOCATIONS
|
Registered Office / Factory : |
FE-390, Salt Lake, Sector III, Kolkata-700106, West Bengal, India |
|
Tel. No.: |
91-33-40642059 / 22836162 |
|
Mobile No.: |
91-9007009020 (Mr. Vineet Bansal) |
|
Fax No.: |
91-33-23345837 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. Ft. |
|
Location : |
Rented |
/DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Radhey Shyam Bansal |
|
Designation : |
Director |
|
Address : |
1, Auckland Square, Kolkata-700017, West Bengal, India |
|
Date of Birth/Age : |
20.05.1953 |
|
Date of Appointment : |
01.05.1995 |
|
DIN No.: |
00442304 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140WB1995PTC071328 |
EDOMINER
SYSTEMS PRIVATE LIMITED |
Director |
01-05-95 |
01-05-95 |
- |
Active |
NO |
|
2 |
U63090WB1997PLC084712 |
HITECH
LOGISTICS LIMITED |
Director |
10-07-97 |
10-07-97 |
- |
Active |
NO |
|
3 |
U32202WB1997PTC082775 |
DIMENSIONS
INFONET PRIVATE LIMITED |
Director |
28-07-00 |
28-07-00 |
18-08-09 |
Active |
NO |
|
4 |
U60231WB2007PTC119950 |
HITECH
INFRALOGISTICS PRIVATE LIMITED |
Director |
23-10-07 |
23-10-07 |
- |
Active |
NO |
|
5 |
U51101WB2010PTC152338 |
SUBHRASHI
TRADELINK PRIVATE LIMITED |
Director |
15-03-11 |
24-01-11 |
- |
Active |
NO |
|
6 |
U63090WB2011PTC162470 |
TRANSRAPID
LOGISTICS PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
- |
Active |
NO |
|
Name : |
Mr. Amit Bansal |
|
Designation : |
Director |
|
Address : |
1, Auckland Square, Kolkata-700017, West Bengal, India |
|
Date of Birth/Age : |
30.08.1980 |
|
Date of Appointment : |
12.05.2000 |
|
DIN No.: |
00443404 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140WB1995PTC071328 |
EDOMINER
SYSTEMS PRIVATE LIMITED |
Director |
12-05-00 |
12-05-00 |
- |
Active |
NO |
|
2 |
U32202WB1997PTC082775 |
DIMENSIONS
INFONET PRIVATE LIMITED |
Director |
06-11-03 |
06-11-03 |
14-07-09 |
Active |
NO |
|
3 |
U72200WB2011PTC162469 |
ALPHANOVA
INFOTECH PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
- |
Active |
NO |
|
Name : |
Ms. Nisha Bansal |
|
Designation : |
Director |
|
Address : |
Silver Sping Block-8, Flat No.5 JBS, Halden Avenue, Kolkata-700105,
West Bengal, India |
|
Date of Appointment : |
23.12.2010 |
|
DIN No.: |
03288985 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140WB1995PTC071328 |
EDOMINER
SYSTEMS PRIVATE LIMITED |
Director |
23-12-10 |
23-12-10 |
- |
Active |
NO |
|
2 |
U72200WB2011PTC162469 |
ALPHANOVA
INFOTECH PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
- |
Active |
NO |
|
3 |
U64200WB2011PTC162751 |
MS
DIGICARE COMMUNICATION PRIVATE LIMITED |
Director |
18-05-11 |
18-05-11 |
16-02-12 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vineet Bansal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Radhey Shyam Bansal |
121000 |
|
Saroj Bansal |
1000 |
|
Vineet Bansal |
6000 |
|
Ela Bansal |
47000 |
|
Amit Bansal |
2000 |
|
Nisha Bansal |
20000 |
|
Nidhi Bansal |
20000 |
|
Radhey Shyam Bansal (HUF) |
30000 |
|
Vineet Bansal (HUF) |
30000 |
|
TOTAL |
277000 |
AS ON 10.01.2012
|
Names of Allottees |
No. of Shares |
|
Bennett Coleman and Company Limited |
100 |
|
TOTAL |
100 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Exporter of Computer Software Products |
|
|
|
|
Exports : |
|
|
Products : |
Computer Products |
|
Countries : |
·
UK ·
US |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Tata Communication Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
End Users ·
CGW Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
63 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Development Credit Bank, Shakespear Sarani Branch · ICICI Bank Limited · ABN Amro Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gujrani and Company Chartered Accountant |
|
Address : |
42A, C. R. Avenue, 3rd Floor, Near Yogayog Bhavan,
Kolkata-700012, West Bengal, India |
|
Tel. No.: |
91-33-22121594 / 95 |
|
Fax No.: |
91-33-22121596 |
|
E-Mail : |
|
|
Pan No.: |
AACFG6855D |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
277000 |
Equity Shares |
Rs.10/- each |
Rs. 2.770
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68500 |
Equity Shares |
Rs.10/- each |
Rs. 0.685
Million |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
277100 |
Equity Shares |
Rs.10/- each |
Rs. 2.771
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 |
0.685 |
0.685 |
0.685 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.533 |
0.685 |
0.498 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.218 |
1.370 |
1.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.125 |
0.260 |
0.383 |
|
|
2] Unsecured Loans |
2.277 |
0.678 |
1.970 |
|
|
TOTAL BORROWING |
2.402 |
0.938 |
2.353 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.620 |
2.308 |
3.536 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.081 |
1.178 |
1.312 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.050 |
0.044 |
0.012 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.137 |
0.000 |
|
|
Sundry Debtors |
0.816
|
0.698 |
1.808 |
|
|
Cash & Bank Balances |
0.582
|
0.705 |
0.055 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.137 |
|
|
Loans & Advances |
3.729
|
0.741 |
1.880 |
|
Total
Current Assets |
5.127
|
2.281 |
3.880 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.534
|
0.283 |
0.730 |
|
|
Other Current Liabilities |
0.700
|
0.804 |
0.784 |
|
|
Provisions |
0.404
|
0.108 |
0.154 |
|
Total
Current Liabilities |
1.638
|
1.195 |
1.668 |
|
|
Net Current Assets |
3.489
|
1.086 |
2.212 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.620 |
2.308 |
3.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10.496 |
3.426 |
3.660 |
|
|
|
Other Income |
0.079 |
0.083 |
0.034 |
|
|
|
TOTAL |
10.575 |
3.509 |
3.694 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
0.137 |
0.000 |
0.022 |
|
|
|
Direct Expenses |
0.753 |
0.000 |
0.866 |
|
|
|
Administrative Expenses |
8.053 |
2.868 |
2.138 |
|
|
|
Long Term Capital Loss |
0.000 |
0.000 |
0.055 |
|
|
|
Auditors Remuneration |
0.031 |
0.017 |
0.017 |
|
|
|
TOTAL |
8.974 |
2.885 |
3.098 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.601 |
0.624 |
0.596 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.352 |
0.361 |
0.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.249 |
0.263 |
0.245 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.398 |
0.076 |
0.115 |
|
|
|
|
|
|
|
|
|
|
Interest on FBT
(Earlier Years) |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.849 |
0.187 |
0.130 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.685 |
0.498 |
0.368 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.534 |
0.685 |
0.498 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Software Development Charge |
6.917 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
6.917 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.39 |
2.73 |
1.90 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
10.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 15.000 Millions
The above information has been parted by Mr. Vineet Bansal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.03
|
5.33 |
3.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.90
|
7.68 |
6.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.96
|
7.51 |
4.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.19 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.82
|
1.56 |
3.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.13
|
1.91 |
2.33 |
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 |
Yes |
|
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 |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
Yes |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
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 form 33 Dr Sundari Mohan Ave, 3rd
Floor, Kolkata-700014, West Bengal, India to the present address w.e.f.
01.12.2010.
TRADE REFERENCES
· Tata Communication Limited
· CGW Limited
FIXED ASSETS
·
Motor Car
·
Computer and Software
·
Projector
·
Office Equipment
·
Furniture and Fixtures
·
Television
·
Xerox Machine
·
Inventor
·
Mobile Phone
·
Air Conditioner
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 records 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. 56.05 |
|
|
1 |
Rs. 86.69 |
|
Euro |
1 |
Rs. 69.98 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--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 |
|
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.