1. Summary Information
|
|
|
Country |
|
|
Company Name |
Symbiosis Electronics Private Limited |
Principal Name 1 |
Mr. Sanjay Kumar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Binod Kumar |
|
|
|
Registration # |
03-011912 |
|
Street Address |
Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna –
800001, Bihar, India |
||
|
Established Date |
20.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-612-6452892 |
Business Style 1 |
Distributors |
|
Fax # |
91-612-2210900 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
L G Electronics Goods. |
|
# of employees |
Not
Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.11,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate -99.10%, Directors or relatives of
directors- 0.90% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
6 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,895,000 |
Current Liabilities |
9,352,000 |
|
Inventories |
4,189,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
34,000 |
Other Liabilities |
732,000 |
|
Deferred Assets |
1,000 |
Total Liabilities |
10,084,000 |
|
Invest& other Assets |
4,668,000 |
Retained Earnings |
3,703,000 |
|
|
|
Net Worth |
14,703,000 |
|
Total Assets |
24,787,000 |
Total Liab. & Equity |
24,787,000 |
|
Total Assets (Previous Year) |
33,363,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
1,768,000 |
|
Sales (Total Income) (Previous yr) |
308,030,000 |
Net Profit(Prev.yr) |
1,119,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SYMBIOSIS ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna –
800001, Bihar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.01.2006 |
|
|
|
|
Com. Reg. No.: |
03-011912 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52334BR2006PTC011912 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTNS03250C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of L G Electronics Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 59000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. Trade relations are reported as fair.
Business is active. Payments are reported to be slow. 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.
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 : |
Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna – 800
001, Bihar, India |
|
Tel. No.: |
91-612-6452892 |
|
Fax No.: |
91-612-2210900 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjay Kumar |
|
Designation : |
Director |
|
Address : |
Salimpur Ahra Patna – 800003, Bihar, India |
|
Date of Birth/Age : |
25.08.1968 |
|
Date of Appointment : |
20.01.2006 |
|
DIN No.: |
00653806 |
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 |
U15530BR1993PTC005448 |
GOODHOST
LIQUORS PRIVATE LIMITED |
Managing
director |
01-12-95 |
01-12-95 |
- |
Active |
NO |
|
2 |
U00315BR1998PTC008633 |
SALSON
LIQUORS PRIVATE LIMITED |
Managing
director |
03-11-98 |
03-11-98 |
- |
Active |
NO |
|
3 |
U00222BR2001PTC009625 |
AMBIENT
LIQUORS PRIVATE LIMITED |
Director |
03-08-01 |
03-08-01 |
07-05-11 |
Active |
NO |
|
4 |
U15532BR1994PTC006096 |
BINOSHIBA
LIQUORS PRIVATE LIMITED |
Director |
20-09-04 |
20-09-04 |
- |
Active |
NO |
|
5 |
U51228WB2003PTC097260 |
PASSION
BEVERAGES PRIVATE LIMITED |
Director |
13-12-04 |
13-12-04 |
- |
Active |
NO |
|
6 |
U85110BR2004PTC011080 |
LEELAVATI
HEALTH CARE PRIVATE LIMITED |
Director |
15-12-04 |
15-12-04 |
- |
Active |
NO |
|
7 |
U85110BR2004PTC011081 |
SALIGRAM
PRASAD MEMORIAL HEALTH CARE PRIVATE LIMITED |
Director |
15-12-04 |
15-12-04 |
- |
Active |
NO |
|
8 |
U51228WB2003PTC097261 |
ROZARIO
BEVERAGES PRIVATE LIMITED |
Director |
11-04-05 |
11-04-05 |
08-03-11 |
Active |
NO |
|
9 |
U51228WB2003PTC097257 |
ENAM
ENTERPRISES PRIVATE LIMITED |
Director |
11-04-05 |
11-04-05 |
- |
Active |
NO |
|
10 |
U52334BR2006PTC011912 |
SYMBIOSIS
ELECTRONICS PRIVATE LIMITED |
Director |
20-01-06 |
20-01-06 |
16-03-12 |
Active |
NO |
|
11 |
U45200BR2006PTC012677 |
SQUAD
CONSTRUCTIONS PRIVATE LIMITED |
Director |
26-09-06 |
26-09-06 |
- |
Active |
NO |
|
12 |
U45400WB2007PTC115275 |
UNICITY
DEVELOPER PRIVATE LIMITED |
Director |
07-09-07 |
07-09-07 |
- |
Active |
NO |
|
13 |
U51109WB1991PTC052466 |
MAXXON
VANIJYA AND RESOURCES PRIVATE LIMITED |
Director |
19-04-10 |
19-04-10 |
- |
Active |
NO |
|
14 |
U74900WB2010PTC151121 |
BENGAL
WINES PRIVATE LIMITED |
Director |
08-07-10 |
08-07-10 |
- |
Active |
NO |
|
15 |
U74900BR2011PTC017010 |
DURATECH
ELECTRONICS PRIVATE LIMITED |
Director |
25-05-11 |
25-05-11 |
- |
Active |
NO |
|
Name : |
Mr. Binod Kumar |
|
Designation : |
Director |
|
Address : |
Salimpur Ahra Patna - 800003, Bihar, India |
|
Date of Birth/Age : |
01.05.1963 |
|
Date of Appointment : |
20.01.2006 |
|
DIN No.: |
00950340 |
|
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 |
U15532BR1994PTC006096 |
BINOSHIBA
LIQUORS PRIVATE LIMITED |
Director |
20-09-04 |
20-09-04 |
- |
Active |
NO |
|
2 |
U85110BR2004PTC011080 |
LEELAVATI
HEALTH CARE PRIVATE LIMITED |
Director |
15-12-04 |
15-12-04 |
- |
Active |
NO |
|
3 |
U85110BR2004PTC011081 |
SALIGRAM
PRASAD MEMORIAL HEALTH CARE PRIVATE LIMITED |
Director |
15-12-04 |
15-12-04 |
- |
Active |
NO |
|
4 |
U51228WB2003PTC097260 |
PASSION
BEVERAGES PRIVATE LIMITED |
Director |
14-12-05 |
14-12-05 |
05-07-09 |
Active |
NO |
|
5 |
U52334BR2006PTC011912 |
SYMBIOSIS
ELECTRONICS PRIVATE LIMITED |
Director |
20-01-06 |
20-01-06 |
02-03-12 |
Active |
NO |
|
6 |
U45200BR2006PTC012677 |
SQUAD
CONSTRUCTIONS PRIVATE LIMITED |
Director |
26-09-06 |
26-09-06 |
- |
Active |
NO |
|
7 |
U74900BR2011PTC017010 |
DURATECH
ELECTRONICS PRIVATE LIMITED |
Director |
25-05-11 |
25-05-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Binod Kumar |
|
500 |
|
Sanjay Kumar |
|
500 |
|
Kirobs Liquors Private Limited, |
|
30000 |
|
Good Host Liquors Private Limited, |
|
30000 |
|
Binoshiba Liquors Private Limited, |
|
25000 |
|
Salson Liquors Private Limited, |
|
24000 |
|
|
|
|
|
Total |
|
110000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Bodies corporate |
|
99.10 |
|
Directors or relatives of directors |
|
0.90 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of L G Electronics Goods. |
GENERAL INFORMATION
|
Bankers : |
·
Kotak Mahindra Bank Limited, ·
State Bank of ·
The Bank of Rajsthan Limited, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anup Shashwat and Company Chartered Accountants |
|
Address : |
1st Floor, Khetan Complex, Pirmuhani, Kadamkuan, Patna – 800003,
Bihar, India |
|
Tel no.: |
91-612-2571161 |
|
Mobile No.: |
91-9934930202 |
|
PAN No.: |
AHTPK2382H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000 |
Equity Shares |
Rs.100/- each |
Rs.11.000 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 |
11.000 |
11.000 |
11.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.703 |
1.933 |
0.814 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.703 |
12.933 |
11.814 |
|
|
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 |
0.001 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
14.703 |
12.934 |
11.816 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.034 |
0.041 |
0.058 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.621 |
3.121 |
1.225 |
|
|
DEFERREX TAX ASSETS |
0.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.189
|
8.621
|
4.632 |
|
|
Sundry Debtors |
6.054
|
7.895
|
7.581 |
|
|
Cash & Bank Balances |
2.468
|
2.962
|
0.288 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
7.373
|
10.685
|
3.657 |
|
Total
Current Assets |
20.084
|
30.163
|
16.158 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
5.214
|
19.927
|
5.400 |
|
|
Other Current Liabilities |
4.138
|
0.000
|
0.000 |
|
|
Provisions |
0.732
|
0.502
|
0.302 |
|
Total
Current Liabilities |
10.084
|
20.429
|
5.702 |
|
|
Net Current Assets |
10.000
|
9.734
|
10.456 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.047 |
0.038 |
0.077 |
|
|
|
|
|
|
|
|
TOTAL |
14.703 |
12.934 |
11.816 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
308.030 |
177.887 |
|
|
|
Other Income |
|
|
7.738 |
|
|
|
TOTAL (A) |
NA |
308.030 |
185.625 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
179.447 |
|
|
|
Rent |
|
|
0.960 |
|
|
|
Freight and cartage |
|
|
0.854 |
|
|
|
Repairs and Maintenance |
|
|
0.070 |
|
|
|
Expenses on benefit to employees |
NA |
306.393 |
1.603 |
|
|
|
Insurance Charges |
|
|
0.035 |
|
|
|
Auditors Remuneration |
|
|
0.023 |
|
|
|
Miscellaneous Expenses |
|
|
1.734 |
|
|
|
Bad debts |
|
|
0.000 |
|
|
|
Preliminary Expenses written off |
|
|
0.038 |
|
|
|
TOTAL (B) |
NA |
306.393 |
184.764 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.575 |
1.637 |
0.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.013 |
0.017 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.562 |
1.620 |
0.835 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.794 |
0.501 |
0.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.768 |
1.119 |
0.534 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.933 |
0.814 |
0.280 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.701 |
1.933 |
0.814 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.07 |
10.17 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.36
|
0.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.73
|
5.36
|
5.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.13
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.69
|
1.58
|
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.48
|
2.83 |
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 two 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 |
Yes |
|
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 |
FIXED ASSETS
·
Furniture and Fixture
·
Office Equipment
·
Computer and Accessories
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.55.26 |
|
|
1 |
Rs.86.90 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.