1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHAZE LUXURY RETAIL PRIVATE LIMITED |
Principal Name 1 |
Mr. Samrat Nirmal Zaveri |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nirmal Gopaldas Zaveri |
|
|
|
Registration # |
11-205590 |
|
Street Address |
1-A 2nd Floor, Kapur Mansion, 43, Hughes Road, Mumbai – 400007, Maharashtra, India |
||
|
Established Date |
19.07.2010 |
SIC Code |
-- |
|
Telephone# |
91-22-23687115 / 6 / 7 / 8/ 23621412 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-23621414 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Diamond |
|
|
# of employees |
Not Available |
Product Name 2 |
Jewellery |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
Silver Articles |
|
Shareholders |
Bodies corporate -100% |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
2 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
India
|
TBZ Nirmal Zaveri Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,642,000 |
Current Liabilities |
40,173,000 |
|
Inventories |
28,466,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
11,412,000 |
Other Liabilities |
205,000 |
|
Deferred Assets |
0,010 |
Total Liabilities |
40,378,000 |
|
Invest& other Assets |
85,000 |
Retained Earnings |
237,000 |
|
|
|
Net Worth |
10,237,000 |
|
Total Assets |
50,615,000 |
Total Liab. & Equity |
50,615,000 |
|
Total Assets (Previous Year) |
10,648,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
76,945,000 |
Net Profit |
196,000 |
|
Sales(Previous yr) |
2,038,000 |
Net Profit(Prev.yr) |
40,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAZE LUXURY RETAIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-A 2nd Floor, Kapur Mansion, 43, Hughes Road, Mumbai – 400007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.2010 |
|
|
|
|
Com. Reg. No.: |
11-205590 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109MH2010PTC205590 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader in Diamond, Jewellery and Silver Articles. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. The profitability
of the company appears to be low. However, trade relations are reported to be
fair. Business is active. Payments are reported to be slow but correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
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.
LOCATIONS
|
Registered Office : |
1-A 2nd Floor, Kapur Mansion, 43, Hughes Road, Mumbai – 400007, Maharashtra, India |
|
Tel. No.: |
91-22-23687115 / 6 / 7 / 8/ 23621412 |
|
Fax No.: |
91-22-23621414 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 04.09.2012
|
Name : |
Mr. Samrat Nirmal Zaveri |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1801, 18th Floor, Orbit Arya, Darabshaw Lane, Nepean Sea Road,
Mumbai – 400036, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.10.1973 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.11.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00374104 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nirmal Gopaldas Zaveri |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1801, 18th Floor, Orbit Arya, Darabshaw Lane, Nepean Sea
Road, Mumbai – 400036, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.12.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.07.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00374103 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Parikh Parekh and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
A-60/1220, Azad Nagar, Veera Desai Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-26734304 |
|
Fax No.: |
91-22-26734305 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 04.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Samrat Zaveri (Nominee TBZ Nirmal Zaveri Private Limited,
India) |
|
1 |
|
TBZ Nirmal Zaveri Private Limited, India |
|
999999 |
|
|
|
|
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 04.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader in Diamond, Jewellery and Silver Articles. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C.M. Ghabhawala and Company Chartered Accountants |
|
Address : |
42, Nanik Niwas, 30. Dr. D. D. Sathe Marg, Girgaum, Mumbai – 400004,
Maharashtra, India |
|
Tel. No.: |
91-22-2388001 / 23823923 |
|
Fax No.: |
91-22-23850931 |
|
E-Mail : |
|
|
PAN No.: |
AAAFC1255D |
|
|
|
|
Holding Company : |
TBZ Nirmal Zaveri Private Limited CIN No.: U52393MH2007PTC173714 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
All of the above shares are held by TBZ Nirmal Zaveri Private Limited
a. Reconciliation of the equity shares outstanding at the beginning and
at the end of the reporting period:
|
|
31 March 2012 |
|
|
Particular |
Number |
Rs. In Millions |
|
At the beginning of the period |
10000000 |
10.000 |
|
Changes during the period |
-- |
-- |
|
Outstanding at the
end of the period |
10000000 |
10.000 |
b. Terms/ rights attached to equity shares
Any company has only one class of share capital i.e. equity shares having a face value of Rs.10 per share. Each holder of equity shares is entitled to vote. The equity shares are also subjected to restrictions as prescribed under the Companies Act, 1956.
In the event of winding up, with the sanction of a special resolution, all or any of the assets of the company will be distributed in specie among the contributories in accordance with their respective rights.
c. Details of
shareholders holding more than 5% shares in the company
|
|
As at 31 March
2012 |
|
|
Name of Shareholders |
Number |
% of holding in
the class |
|
Equity Shares of 10 each fully paid |
|
|
|
TBZ Nirmal Zaveri Private Limited |
1000000 |
100.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.237 |
0.040 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10.237 |
10.040 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.237 |
10.040 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
11.412 |
1.382 |
|
|
Capital work-in-progress |
|
0.000 |
0.772 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.010 |
0.003 |
|
|
OTHER NON-CURRENT ASSETS |
|
0.085 |
0.128 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
28.466
|
0.000 |
|
|
Sundry Debtors |
|
0.239
|
0.000 |
|
|
Cash & Bank Balances |
|
1.343
|
0.956 |
|
|
Other Current Assets |
|
0.043
|
0.043 |
|
|
Loans & Advances |
|
9.017
|
7.364 |
|
Total
Current Assets |
|
39.108
|
8.363 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.248
|
0.556 |
|
|
Other Current Liabilities |
|
39.925
|
0.043 |
|
|
Provisions |
|
0.205
|
0.009 |
|
Total
Current Liabilities |
|
40.378
|
0.608 |
|
|
Net Current Assets |
|
(1.270)
|
7.755 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.237 |
10.040 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
76.945 |
2.038 |
|
|
|
Other Income |
|
0.162 |
0.000 |
|
|
|
TOTAL |
|
77.107 |
2.038 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
75.197 |
1.888 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.910 |
0.150 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
1.610 |
0.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.299 |
0.046 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
0.103 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.196 |
0.040 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.040 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.236 |
0.040 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.20 |
0.05 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.25 |
1.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.39 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.59 |
0.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.94 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.97 |
13.75 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 two 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 (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
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 |
|
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 |
Note:
The Registered Office of the company has been shifted from 62/64, Zaveri
House,1st Floor, Hughes Road, Mumbai – 400007, Maharashtra, India
to the present address w.e.f. 02.08.2010
OPERATIONS
During the year the company achieved sale of Rs.76.945 Millions. After offsetting the expenses the company earned a net profit of Rs. 0.196 Million.
FIXED ASSETS:
Tangible Assets
·
Office
Premises
· Office Equipments
· Furniture and Fixtures
· Computers
· Vehicles
Intangible Assets:
· Computer software
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.54.91 |
|
|
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.