|
Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANKALPAN ARCHITECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-304, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-119059 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.295 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13744MH1999PTC119059 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09395B MUMS60365E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS1278H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Services in the Field of Architecture and Interiors
Designing. |
|
|
|
|
No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 86000 |
|
|
|
|
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 reported to be
usually correct and as per commitment. The company can be considered normal for 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.
INDIAN ECONOMIC OVERVIEW
|
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. Suhas |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66919400 |
|
Date : |
19.11.2012 |
LOCATIONS
|
Registered Office : |
A-304, |
|
Tel. No.: |
91-22-66919400 |
|
Fax No.: |
91-22-66924077 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Overseas Office: |
104, Rose House, AI Bada Street, AI Satwa, Dubai, UAE, PO Box-65747 |
|
Tel No.: |
+971-4-3420011 |
|
Fax No.: |
+971-4-3490018 |
|
E-Mail : |
|
|
|
|
|
Branch Office: |
Located At: ·
Chennai ·
Pune ·
Gurgaon ·
Hyderabad |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ninad Ravindra Randive |
|
Designation : |
Director |
|
Address : |
Bunglow No. A –
21, Neelkanth Woods, Near Tikujiniwadi, Majiwade, OFF G. B. Road, Manpada,
Thane (West) - 400610, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1971 |
|
Date of Appointment : |
23.03.1999 |
|
Din No.: |
00058336 |
|
|
|
|
Name : |
Mr. Amogh Arvind Sule |
|
Designation : |
Director |
|
Address : |
Kailashnath Ram Maruti Road, Naupada, Thane (West)-400602, Maharashtra,
India |
|
Date of Birth/Age : |
03.11.1974 |
|
Date of Appointment : |
02.12.2004 |
|
Din No.: |
00058483 |
|
|
|
|
Name : |
Mr. Kshitij Vijay Limaye |
|
Designation : |
Director |
|
Address : |
Flat No. 1303, B/4 wing, Raunak Park, 2nd Pokhran Road,
Thane (West)-400606, Maharashtra, India |
|
Date of Birth/Age : |
19.05.1978 |
|
Date of Appointment : |
02.12.2004 |
|
Din No.: |
00058550 |
|
|
|
|
Name : |
Mr. Atin Vasant Kulkarni |
|
Designation : |
Director |
|
Address : |
123, 12th Floor, Sharmistha Tarangan Complex, Near Cadbury,
Thane (West)-400606, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1971 |
|
Date of Appointment : |
23.03.1999 |
|
Din No.: |
00162400 |
KEY EXECUTIVES
|
Name : |
Mr. Suhas |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ninad Randive |
|
112000 |
|
Atin Kulkarni |
|
112000 |
|
Ashwini Randive |
|
10 |
|
Prabha Kulkarni |
|
10 |
|
Kshitij Limaye |
|
2750 |
|
Amogh Sule |
|
2750 |
|
Total |
|
229520 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Services in the Field of Architecture and Interiors Designing. |
GENERAL INFORMATION
|
Suppliers : |
·
Aarya Services ·
Airtel Mobile Staff ·
Ami Shah and Associates ·
Apurva Service Consultant ·
Aradhana Stationers ·
Bhagirath Stationery and Xerox ·
Canon India Private Limited ·
Credible Industrial Services ·
Cutech Consulting Eng. Private Limited ·
Design Bureau ·
Embee Software Private Limited ·
Entask Electricals Private Limited ·
Eshwari and Company ·
Global Express ·
Jee Associates ·
Kapse Consultants ·
Lake View Developers ·
Landmark Management Solutions ·
Mahaveers ·
N.K.Jain Consulting Engineers ·
Orient Technologies Private Limited ·
Privals Consultants ·
Project Engineering Services ·
Royal Castle ·
Sagar Enterprises ·
SCG Design Group ·
Shreeji Arcade ·
Shubham Photography ·
Siddharth Consultants and Engineers ·
Sonu Tours and Travel ·
Spectral Services Private Limited ·
Tata Teleservices (Maharashtra) Limited ·
Thanawala Motor Agency Private Limited ·
Tops Security Limited ·
Vision Electro Mechanical ·
Consultants Private Limited ·
You Telecom India Private Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
·
Blue Star
Design and Engineers Limited ·
CMOS ·
Signet Hotels
Private Limited ·
Shoppers Stop
Limited ·
Supertech
Limited ·
IIFL Realty
Limited ·
United Concepts
and Solutions Private Limited ·
Writer
Corporation Mahape ·
SIPL ·
Amadasoft India Private Limited ·
Bayer Material Science Private Limited ·
Crossword Bookstores Limited ·
Fullerton India Credit Company Limited ·
Idea Cellular Limited ·
Inautix Technologies India Private Limited ·
IOT Infrastructure and Energy Services Limited ·
J P Morgan Services India Private Limited ·
Lanxess India Private Limited ·
Lanxess Purification Private Limited ·
N.A.Shah Associates ·
Pan Gulf Technologies Private Limited ·
Pantaloon Surat ·
Serene Properties Private Limited ·
Shoppers Stop Ltd ·
Supertech Limited ·
Udhe India Private Limited ·
Vama Popular Garments ·
VLCC |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
50 [Approximately] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
TJSB Sahakari Bank
Limited, Rabodi K'villa Branch, Thane - 400601, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
Religare Finvest
Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Yashwant Anil Rajshree and Associates Chartered Accountants |
|
Address : |
2, Dhairya Cooperative Housing Society, Ground Floor, Near Daya Kshama
Shanti Society, Naupada, Thane (West), Thane- 400602, Maharashtra, India |
|
Tel. No.: |
91-22-25391525/25362221 |
|
PAN No.: |
AAAFY5835F |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
229520 |
Equity Shares |
Rs.10/- each |
Rs.2.295 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 |
2.295 |
2.295 |
2.295 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19.326 |
17.000 |
18.997 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.621 |
19.295 |
21.292 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.034 |
37.906 |
31.838 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
31.034 |
37.906 |
31.838 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
52.655 |
57.201 |
53.130 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.654 |
33.454 |
36.791 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.688 |
0.688 |
0.689 |
|
|
DEFERREX TAX ASSETS |
0.278 |
0.278 |
0.278 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
12.313
|
13.893
|
15.065 |
|
|
Cash & Bank Balances |
2.206
|
1.070
|
0.504 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
20.868
|
28.410
|
22.399 |
|
Total
Current Assets |
35.387
|
43.373
|
37.968 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.880
|
4.351
|
5.430 |
|
|
Other Current Liabilities |
10.472
|
16.260
|
17.209 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
14.352
|
20.611
|
22.639 |
|
|
Net Current Assets |
21.035
|
22.762
|
15.329 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.019 |
0.043 |
|
|
|
|
|
|
|
|
TOTAL |
52.655 |
57.201 |
53.130 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.462 |
(2.924) |
(14.853) |
|
|
|
|
|
|
|
Less |
TAX |
0.137 |
(0.927) |
4.349 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.325 |
(1.997) |
(19.202) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.541 |
17.537 |
36.739 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.866 |
15.540 |
17.537 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.13 |
(8.70) |
(83.66) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.47
|
(3.81)
|
(19.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
(0.15)
|
(0.70) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.10
|
3.03
|
2.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.47
|
2.10
|
1.68 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
3.880 |
4.351 |
5.430 |
SUNDRY CREDITORS
PARTIAL DETAILS:
(Rs.
In Millions)
|
Partial Details |
31.03.2011 |
31.03.2010 |
|
Aarya Services |
0.053 |
0.033 |
|
Airtel Mobile Staff |
0.020 |
0.000 |
|
Ami Shah and Associates |
0.000 |
0.007 |
|
A+Ms Associates |
1.308 |
1.308 |
|
Aparna Devrukhkar |
0.000 |
0.024 |
|
Apurva Service Consultant |
0.000 |
0.016 |
|
Aradhana Stationers |
0.018 |
0.000 |
|
Bhagirath Stationery and
Xerox |
0.000 |
0.015 |
|
Canon India Private Limited |
0.017 |
0.047 |
|
Credible Industrial Services |
0.010 |
0.006 |
|
Cutech Consulting
Eng.And |
0.000 |
0.080 |
|
Design Bureau |
0.000 |
0.130 |
|
Embee Software Private
Limited |
(0.094) |
0.000 |
|
En3 Sustainability Solutions
Private Limited |
0.062 |
0.000 |
|
Entask Electricals Private
Limited |
0.014 |
0.015 |
|
Eshwari and Company |
0.034 |
0.013 |
|
Global Express |
0.000 |
0.000 |
|
Hotel Laukik |
0.025 |
0.000 |
|
I Serve Systems |
0.087 |
0.109 |
|
Jee Associates |
0.023 |
0.023 |
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
PERFORMANCE REVIEW
During the year,
revenue account shows a profit of Rs. 2.325 Millions (Profit after Tax) as
compared to loss of Rs. 1.997 Millions in the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U13744MH1999PTC119059 |
|
Name of the company |
SANKALPAN ARCHITECTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
A-304, Sentinel Hiranandani Business Park, Hiranandani Gardens, Powai,
Mumbai-400076, Maharashtra, India Email: acs_ami@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10013978 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
TJSB Sahakari Bank Limited, Rabodi K'villa Branch, Thane - 400601,
Maharashtra, India Email: scctjsb@tjsb.co.in |
|
Nature of instrument creating charge |
Record of Mortgage By Deposit of Title Deeds |
|
Date of instrument Creating the charge |
07.03.2012 |
|
Amount secured by the charge |
Rs. 283.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As may be decided by the bank. Terms of Repayment As may be decided by the bank. Margin As may be decided by the bank. Extent and Operation of the charge Charge is created for immovable property of the company in favour of
the bank. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Charge is secured against equitable mortgage by way of deposit of
title deeds of and in respect of the property owned by Sankalpan Architects
Private Limited Being The Premises No.304, Admeasuring On or about 3250 sq.ft built up on the 3rd floor in the building
known as "Sentinel", that is resting on the piece and parcel of the
land bearing cts no.4,5,8,9,10,11,12,13(p), 14(p), 16(p), 17, 18(p), 19(P), 24(P), and 25 in sector - IV-B, situate at Village Powai,
within the local limits of the municipal corporation of greated Mumbai and
within the registration district Mumbai, more particularly Described in schedule in the mortgage deed. |
|
Particulars of the present modification |
Charge is modified from rs. 274.000 lacs to rs. 283.500 lacs. Break up - property loan – 22.500 lacs, bg
– 160.000 lacs, property loan – 11.000 lacs, cc – 50.000 lacs, property loan
– 40.000 lacs. All limits secured against equitable mortgage by way of
deposit of title deeds of and in respect of the property being premises No.304,
admn on or about 3250 sq.ft built up on the 3rd floor in bldg known as
"Sentinel" |
FIXED ASSETS:
·
Goodwill
·
Office
Building
·
Electrical
Fittings
·
Office
Furniture
·
Air
Conditioners
·
Computers
Systems
·
Computer
Software
·
Esteem
Car
·
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.54.97 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
4 |
|
--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 |
|
45 |
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.