MIRA
INFORM REPORT
|
Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUNRISE INFO SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
622, Corporate Avenue, Sonawal Lane, Near Udyog Bhavan, Goregaon East,
Mumbai – 400063, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
23.02.2005 |
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Com. Reg. No.: |
11-151519 |
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Capital
Investment/ Paid-up Capital: |
Rs.2.846 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U72100MH2005PTC151519 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS48028B |
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PAN No.: [Permanent Account No.] |
AAICS8079A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Computer Peripherals. |
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No. of
Employees: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 96000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of proprietory concern started in the year 1996
with the name “Sunrise Overseas”. And later in the 2005 it got converted into
private limited. It is having moderate track record. The company performance capacity
is high. But the profitability 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 dealing 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.
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 PARTED BY
|
Name : |
Mr. Rajendra Prasad Kariwala |
|
Designation : |
Director |
|
Contact No.: |
91-9821240416 |
|
Date : |
30.11.2012 |
LOCATIONS
|
Registered Office : |
622, Corporate Avenue, Sonawal Lane, Near Udyog Bhavan, Goregaon East,
Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-26868101/04 |
|
Mobile No.: |
91-9821240416 (Mr. Ravinder) |
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Fax No.: |
91-22-26868101/04 |
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E-Mail : |
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Location: |
Owned |
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Area : |
280 Carpet area |
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Warehouse : |
F–28, Shailesh Industries Premises, |
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Branch Office : |
Located at: ·
Ahmedabad ·
Jaipur ·
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DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ravindra Prasad Kariwala |
|
Designation : |
Director |
|
Address : |
Room No.102, 2nd Floor, Swadeshi Market, |
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Date of Birth/Age : |
30.09.1966 |
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Qualification : |
B.Com |
|
Date of Appointment : |
23.02.2005 |
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DIN No.: |
02024304 |
|
|
|
|
Name : |
Mr. Rajendra Prasad Kariwala |
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Designation : |
Director |
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Address : |
C 1502 |
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Date of Birth/Age : |
50 Years |
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Qualification : |
B.Com |
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Date of Appointment : |
23.02.2005 |
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DIN No.: |
02020707 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ravindra Kariwala |
|
57000 |
|
Rajendra Kariwala |
|
33000 |
|
Chandra Kala N Kariwala |
|
3 |
|
Jamuna devi kariwala |
|
23003 |
|
Joyti Kanodia |
|
1 |
|
Kiran Kariwala |
|
1 |
|
Bhagwati Devi Kariwla |
|
1 |
|
Satyanarayan Kariwala |
|
1 |
|
Mahendra Kariwla |
|
27401 |
|
Nand Kishore Rathi |
|
1 |
|
Memi Devi Rathi |
|
1 |
|
Radha Devi Kanodia |
|
1 |
|
Ramnarayan Rathi |
|
1 |
|
Renu Kariwala |
|
1 |
|
Sandeep Kariwala |
|
1 |
|
Dwaraka Prasad Kanodia |
|
1 |
|
Shyam Kanodia (HUF) |
|
1 |
|
Shyam Kanodia |
|
1 |
|
Sohanlal Rathi |
|
1 |
|
Subhash Kariwala |
|
1 |
|
Sudha S Kariwala |
|
1 |
|
Surendra Kariwala |
|
10001 |
|
Vimla Rathi |
|
1 |
|
Rajendra Prasad Kariwala (HUF) |
|
17200 |
|
SB Components Private Limited |
|
120000 |
|
Suman Agarwal |
|
1 |
|
Dwarka Prasad & Sons (HUF) |
|
1 |
|
Madanlal Didwaniya |
|
1 |
|
Rajneesh Joshi |
|
1 |
|
Shashi Rajesh Chandak |
|
1 |
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|
|
|
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Total |
|
287630 |
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Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate (not mentioned above) |
|
41.72 |
|
Directors or relatives of directors |
|
48.82 |
|
Others |
|
9.46 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Computer Peripherals. |
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Imports : |
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Products : |
Computer Peripherals |
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Countries : |
·
·
Hongkong ·
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
EDC, |
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Customers : |
End users ·
Rajendra Infotech, Mumbai |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
Union Bank of ·
HDFC Bank |
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Facilities : |
CC
– Rs.92.500 Millions (HDFC Bank )
The cash credit facilities and buyers credit facility form HDFC Bank
amounting Rs.66.586 Millions (Previous year 41.869 Millions) is secured
against hypothecation of stock and book debts of the company and equitable mortgage
of properties of directors and their relatives. Loans form the directors and shareholders amounting to Rs.16.684
Millions (Previous year Rs,14.581 millions) are unsecured of the above loans
from only two parties carry on
interest of 12% p.a. all the above loans are repayable on demand. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Singrodia Goyal and Company Chartered Accountants |
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Address : |
A-201, Rajeshri Accord, |
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Tel. No.: |
91-22-42256363 |
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Fax No.: |
91-22-42256364 |
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E-Mail : |
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Pan No.: |
AAAFS7106D |
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Associates/Subsidiaries : |
·
Monica Overseas, ·
Brightex Securities Private Limited ·
Mohit Infocomm ·
SB Components Private Limited Activity: Room No.102, 2nd Floor, Swadesh Market, |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
287630 |
Equity Shares |
Rs.10/- each |
Rs.2.876 Millions |
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NOTE
TERMS AND
CONDITIONS
The company has
only one class of equity shares having a par value of Rs.10 per share. Each holder
of equity share is entitled to one vote per share
In the event of
liquidation of the company, the holder
of equity shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will be in
proportion of the number of equity shares held by the share holder
Shares having more
then 5 % shareholding
|
Names of
Shareholders |
No.
of Shares |
Percentage
of Holding |
|
Jamunadevi Kariwala |
23003 |
8.00 |
|
Mahendra Kariwal |
27401 |
9.53 |
|
M/s S.B Components Private Limited |
120000 |
41.72 |
|
Rajendra Kariwala (HUF) |
17200 |
5.98 |
|
Rajendra Kariwala |
33000 |
11.47 |
|
Ravindra Kariwala |
57000 |
19.82 |
|
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|
Reconciliation of
number of shares
|
Particular |
As on 31.03.2012 |
|
|
Number |
Amount |
|
|
Shares outstanding at the beginning of the
year |
287630 |
2.876 |
|
Shares issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
287630 |
2.876 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.876 |
2.876 |
2.876 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.144 |
21.049 |
20.819 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.020 |
23.925 |
23.695 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
66.586 |
41.869 |
42.709 |
|
|
2] Unsecured Loans |
16.684 |
14.581 |
19.441 |
|
|
TOTAL BORROWING |
83.270 |
56.450 |
62.150 |
|
|
DEFERRED TAX LIABILITIES |
0.172 |
0.192 |
0.180 |
|
|
|
|
|
|
|
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TOTAL |
107.462 |
80.567 |
86.025 |
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|
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|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
2.665 |
2.746 |
2.281 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.936
|
49.679 |
33.568
|
|
|
Sundry Debtors |
48.629
|
22.732 |
26.256
|
|
|
Cash & Bank Balances |
19.212
|
9.495 |
9.088
|
|
|
Other Current Assets |
3.978
|
10.480 |
0.000
|
|
|
Loans & Advances |
39.169
|
73.602 |
37.845
|
|
Total
Current Assets |
137.924
|
165.988 |
106.757 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.459
|
32.573 |
13.832 |
|
|
Other Current Liabilities |
14.669
|
55.595 |
5.196
|
|
|
Provisions |
0.000
|
0.000 |
3.986
|
|
Total
Current Liabilities |
33.128
|
88.168 |
23.014 |
|
|
Net Current Assets |
104.796
|
77.820 |
83.743 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
107.462 |
80.567 |
86.025 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
724.166 |
670.606 |
830.404 |
|
|
|
Other Income |
4.650 |
9.406 |
1.253 |
|
|
|
TOTAL (A) |
728.816 |
680.012 |
831.657 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
679.352 |
|
|
|
|
|
Employee Benefits |
5.467 |
5.460 |
|
|
|
|
Other Expense |
16.490 |
9.377 |
|
|
|
|
Changes in inventories of finished goods |
22.742 |
(16.111) |
|
|
|
|
Prior period expense |
|
0.004 |
|
|
|
|
TOTAL (B) |
724.051 |
673.367 |
812.983 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.765 |
6.645 |
18.674 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.269 |
5.942 |
7.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.496 |
0.703 |
11.074 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.372 |
0.324 |
0.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.124 |
0.379 |
10.784 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.029 |
0.149 |
3.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.095 |
0.230 |
6.800 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Expenses |
0.000 |
00.000 |
0.154 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
10.549 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
17.195 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
C.I.F. Value of Purchases |
NA |
566.481 |
468.759 |
|
|
|
TOTAL IMPORTS |
NA |
566.481 |
468.759 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.33 |
0.80 |
|
|
Expected Sales (2012-2013) : Rs.859.000 Millions
The above information has been parted by Mr. Rajendra Prasad
Kariwala
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.01 |
0.03 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.01 |
0.06 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.09 |
0.22 |
9.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.84 |
6.04 |
3.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.16 |
1.88 |
4.64 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- Due to Micro,
Small and Medium Enterprises |
-- |
-- |
-- |
|
- Due to Others |
18.459
|
32.573 |
13.832 |
FORM 8
|
Corporate
identity number of the company |
U72100MH2005PTC151519 |
|
Name of the
company |
SUNRISE INFO SOLUTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Room No. 102, 2nd Floor, Swadesh Market, E-Mail: sun@bomb7.vsnl.net.in |
|
This form is for |
Creation of charge/ Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
Modification of
charge |
|
Type of charge |
10198697 |
|
Particular of
charge holder |
Book Debts Movable Property Floating Charge |
|
Nature of
instrument creating charge |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg,
Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Date of
instrument Creating the charge |
Supplementary
Letter of Hypothecation |
|
Amount secured by
the charge |
Rs. 92.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Term
of Payment: On Demand. Margin As may be
stipulated by the Bank from time to time. Extent and operation
of the charge Hypothecation by way of First Charge on
Company's Stocks and Book Debts, as a continuing security as mentioned
below
for the repayment of Rs.92.500 Millions
together with interest, costs, charges, expenses and other moneys due
and payable by the Company to the Bank. Others: Nil |
|
Short particulars
of the property charged (Including location of the property) |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished goods,
and other merchandise whatsoever being movable properties. All the debts, that is, all the book
debts, outstandings, monies receivables, claims, bills, invoice documents,
contracts, guarantees, and rights. |
|
Date of last modification prior to the present modification |
02.12.2010 |
|
Particulars of the present modification |
The
Charge shall now stand increased from Rs.85.000 Millions to Rs.92.500
Millions against the security of
Stocks and Book Debts of the Company. |
CONTINGENT
LIABILITY NOT PROVIDED FOR IN RESPECT OF:
(Rs. In Millions )
|
PARTICULAR |
31.03.2012 |
31.03.2011 |
|
Bank Guarantee |
10.000 |
10.000 |
|
Differential Duty * |
1.027 |
1.027 |
|
|
|
|
* The Company has paid Custom Duty on Import of
Flash Memory at the rate of 10%. However as per the expert opinion obtained,
the Company is of the view that the rate of duty leviable on the said product
is 4%. The differential duty amounting to Rs.1.027 million paid by the Company
is shown as receivable.
FIXED ASSETS:
v Plant and Machinery
v Mobile Phone
v Computer
v Air Conditioner
v Fax Machine
v Vehicles
v Calculator
v Printer
v Furniture and Fixtures
v Office 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 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
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.54.53 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.