MIRA
INFORM REPORT
|
Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
OSI SYSTEMS PRIVATE LIMITED (w.e.f.26.03.2010) |
|
|
|
|
Formerly Known
As : |
RAPISCAN SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Orion Block, The V IT Park, Plot no: 17, Software
Units Layout, Madhapur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.08.2001 |
|
|
|
|
Com. Reg. No.: |
01-060746 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.165 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900AP2001FTC060746 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR05740A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO4438M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Software Development |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track. Financial positions
of the company appear to be good. Fundamentally seems strong’s. Track
relations are reported to be fair. Business is active. Payments are reported
to be regular and as per commitments. The company can be considered for normal 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
4th Floor, Orion Block, The V IT Park, Plot no: 17,
Software Units Layout, Madhapur, Hyderabad – 500081, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 23.11.2011
|
Name : |
Mr. Mohinder Chopra |
|
Designation : |
Director |
|
Address : |
1414, Cottonwood Valley Circle North, Irving, Texas-75038, USA |
|
Date of Birth/Age : |
22.12.1945 |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
01908305 |
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 |
U33111AP2005FTC046199 |
OSI
OPTOELECTRONICS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Amalgamated |
NO |
|
2 |
U72400AP2005FTC045422 |
SPACELABS
HEALTHCARE SOLUTIONS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Amalgamated |
NO |
|
3 |
U72900AP2001FTC060746 |
OSI
SYSTEMS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Active |
NO |
|
4 |
U99999AP1995PLC019129 |
ECIL-RAPISCAN
LIMITED |
Alternate
director |
24-02-10 |
24-02-10 |
- |
Active |
NO |
|
Name : |
Mr. Neeraj Karnwal |
|
Designation : |
Director |
|
Address : |
Flat No. 101, First Floor, Block - II, Forefront's Royale 1-8-337/1, Begumpet, Hyderabad - 500 016, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.06.1971 |
|
Date of Appointment : |
07.06.2006 |
|
DIN No.: |
01570548 |
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 |
U72900AP2001FTC060746 |
OSI
SYSTEMS PRIVATE LIMITED |
Director |
07-06-06 |
07-06-06 |
- |
Active |
NO |
|
2 |
U33111AP2005FTC046199 |
OSI
OPTOELECTRONICS PRIVATE LIMITED |
Director |
08-06-06 |
08-06-06 |
- |
Amalgamated |
NO |
|
3 |
U72400AP2005FTC045422 |
SPACELABS
HEALTHCARE SOLUTIONS PRIVATE LIMITED |
Director |
29-09-08 |
17-01-08 |
- |
Amalgamated |
NO |
|
Name : |
Mr. Manoochehr Mansouri Aliabadi |
|
Designation : |
Director |
|
Address : |
11528, Duque DR, Studio City, California - 91604, USA |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
26.02.2010 |
|
DIN No.: |
01684147 |
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 |
U33111AP2005FTC046199 |
OSI
OPTOELECTRONICS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Amalgamated |
NO |
|
2 |
U72900AP2001FTC060746 |
OSI SYSTEMS
PRIVATE LIMITED |
Director |
29-09-10 |
26-02-10 |
- |
Active |
NO |
|
Name : |
Mr. Venkata Anantha Ramaiah Pochincharla |
|
Designation : |
Director |
|
Address : |
Flat 301, 6-3-626/A, Lakshmi House, Anand Nagar, Khairatabad, Hyderabad - 500 004, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.08.1957 |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
01567147 |
|
Name : |
Mr. Gurdip Singh Suri |
|
Designation : |
Director |
|
Address : |
25, Moonstone Lane, Moonstone Residences #02-02, Singapore – 328465 |
|
Date of Birth/Age : |
16.08.1962 |
|
Date of Appointment : |
26.02.2010 |
|
DIN No.: |
02924344 |
|
Name : |
Mr. Paul Keith Morben |
|
Designation : |
Director |
|
Address : |
29, Raven Lane, Aliso Viejo, California 92656, USA |
|
Date of Birth/Age : |
01.04.1961 |
|
Date of Appointment : |
26.02.2010 |
|
Date of Cessation : |
02.05.2012 |
|
DIN No.: |
01684091 |
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 |
U33111AP2005FTC046199 |
OSI
OPTOELECTRONICS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Amalgamated |
NO |
|
2 |
U72900AP2001FTC060746 |
OSI
SYSTEMS PRIVATE LIMITED |
Director |
29-09-10 |
26-02-10 |
02-05-12 |
Active |
NO |
|
Name : |
Mr. Patrick Scott Jensen |
|
Designation : |
Director |
|
Address : |
22263, NE 7th ST, Sammamish Washington, USA – 98074 |
|
Date of Birth/Age : |
12.11.1965 |
|
Date of Appointment : |
26.02.2010 |
|
Date of Cessation : |
02.02.2012 |
|
DIN No.: |
02134135 |
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 |
U72400AP2005FTC045422 |
SPACELABS
HEALTHCARE SOLUTIONS PRIVATE LIMITED |
Director |
29-09-08 |
17-01-08 |
- |
Amalgamated |
NO |
|
2 |
U72900AP2001FTC060746 |
OSI
SYSTEMS PRIVATE LIMITED |
Director |
29-09-10 |
26-02-10 |
02-02-12 |
Active |
NO |
|
Name : |
Mr. Anurag Gupta |
|
Designation : |
Whole-time director |
|
Address : |
Flat No: H/13, Ridgewood Estate, DLF Phase-4, Gurgaon, Hyderabad, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.01.1972 |
|
Date of Appointment : |
10.02.2011 |
|
Date of Cessation : |
27.04.2012 |
|
DIN No.: |
03452959 |
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 |
U72900AP2001FTC060746 |
OSI
SYSTEMS PRIVATE LIMITED |
Whole-time
director |
23-11-11 |
10-02-11 |
27-04-12 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.11.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
OSI Systems Inc. 12525, Chadron Avenue Hawthorne, California - 90250, USA |
|
192700 |
|
Spacelabs Medical Inc, 1209, Orange Street, Limington Delaware - 19801, USA |
|
5301 |
|
Spacelabs Healthcare Inc, 51500, 220th Avenue Se, Issaquah, Washington 98029, USA |
|
50 |
|
SL Healthcare Limited, Themistokli Dervi, 48, Centennial Building, Flat/Office 701, P.C. 1066, Nicosia, Cyprus |
|
68686 |
|
OSI Opto Electronics Inc, USA 12525, Chadron Avenue, Hawthorne, California - 90250, USA |
|
10600 |
|
OSI Electronics Inc, USA 12525, Chadron Avenue, Hawthorne, California – 90250, USA |
|
100 |
|
OSI Opto Electronics Limited, Themistokli Dervi, 48, Centennial, Building, Flat/Office 701, P.C. 1066, Nicosia, Cyprus |
|
139016 |
|
Total |
|
416453 |
As on 23.11.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Software Development |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Charnalia Bhatia and Gandhi Chartered Accountant |
|
Address : |
B-14, Lajpat Nagar-III, New Delhi – 110024, India |
|
Tel. No.: |
91-11-47366600 |
|
Fax No.: |
91-11-47366604 / 46569255 |
|
E-Mail : |
|
|
PAN.: |
AAAFB3778L |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4600000 |
Equity Shares |
Rs.10/- each |
Rs.46.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
416453 |
Equity Shares |
Rs.10/- each |
Rs.4.165
Millions |
|
|
|
|
|
Note:
Of the above,
-
In Cash (202700 Shares of
Rs.10/- each)
-
Other (213753 Shares of
Rs.10/- each
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 |
4.165 |
4.165 |
2.027 |
|
|
2] Share Application Money |
0.000 |
0.000 |
2.138 |
|
|
3] Reserves & Surplus |
507.284 |
385.905 |
284.850 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
511.449 |
390.070 |
289.015 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
2.072 |
|
|
|
|
|
|
|
|
TOTAL |
511.449 |
390.070 |
291.087 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
75.354 |
91.820 |
96.409 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.206 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1.228 |
0.183 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
106.209
|
100.361 |
74.921 |
|
|
Sundry Debtors |
330.600
|
172.788 |
105.539 |
|
|
Cash & Bank Balances |
34.518
|
34.302 |
42.264 |
|
|
Other Current Assets |
33.305
|
27.358 |
50.542 |
|
|
Loans & Advances |
78.988
|
59.333 |
33.641 |
|
Total
Current Assets |
583.620
|
394.142 |
306.907 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
75.106
|
56.871 |
77.086 |
|
|
Other Current Liabilities |
11.967
|
10.382 |
12.260 |
|
|
Provisions |
61.965
|
29.246 |
24.220 |
|
Total
Current Liabilities |
149.038
|
96.499 |
113.566 |
|
|
Net Current Assets |
434.582
|
297.643 |
193.341 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.285 |
0.424 |
0.131 |
|
|
|
|
|
|
|
|
TOTAL |
511.449 |
390.070 |
291.087 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
GROSS TURNOVER |
776.195 |
638.670 |
697.389 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
171.305 |
144.659 |
185.574 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.217 |
24.756 |
28.583 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
151.088 |
119.903 |
156.991 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
29.708 |
18.848 |
19.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
121.380 |
101.055 |
137.091 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
121.380 |
101.055 |
137.091 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
718.783 |
584.101 |
74.005 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
291.46 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.93
|
24.67 |
38.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.31 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.29
|
0.25 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.92
|
4.08 |
2.70 |
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) 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 |
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 |
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 |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
No |
|
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:
The registered office address of the company has been shifted from “Plot
No.1 and 9, Phase - II, IDA, Cherlapally, Hyderabad – 500051, Andhra Pradesh,
India” to the present address w.e.f. 02.02.2012
Outlook:
The business outlook for the company is positive and the company is
preparing to accelerate its pace of growth while remaining competitive.
Fixed Assets:
·
Office Equipments
·
Computers
·
Software
·
Production Equipment
·
Furniture
·
Air Conditioners
·
UPS
·
Service Equipments
·
Vehicles
·
Borewell
·
Leasehold Improvements
·
Electrical Equipments
·
Demo Equipments
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
58 |
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.