|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
VDOPIA MEDIA AND SOFTWARE SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-478, 2nd Floor, Vikas Puri, New Delhi – 110018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.12.2007 |
|
|
|
|
Com. Reg. No.: |
55-214632 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.540
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200DL2007PTC214632 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Developing and Market information and communication technology in the
areas of video and multimedia advertising and to provide management and outsourcing
services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 45000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profit
and Loss Statement is not available. As per available financials the net
worth of the company seems to be normal. However, trade relations are
reported as fair. Business is active. Payment terms are unknown. 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 |
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 : |
C-478, 2nd Floor, Vikas Puri, New Delhi –
110018, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
NR-2, 1st Floor, Nathupur Road, DLF Phase - 3, Gurgaon – 122002, Haryana, India |
|
|
|
|
Overseas Office: |
42840 Christy Street, Suite 206, Fremont CA 94536 |
|
Tel. No.: |
+1 650.353.3290 |
Note: Site Visit was conducted, our person has visited
on 307 and 308 Accord Commercial complex, Goregaon (East), Mumbai – 400063,
Maharashtra, India and we found that from last 6 months, the company was
shifted to another address and we are not able to get new address of the
company.
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Suarabh Bhatia |
|
Designation : |
Director |
|
Address : |
B-8/F-3, Phase-1, Vivek Vihar, Delhi – 110095, India |
|
Date of Birth/Age : |
14.09.1981 |
|
Date of Appointment : |
20.12.2007 |
|
DIN No.: |
00799826 |
|
|
|
|
Name : |
Mr. Kamlesh Sharma |
|
Designation : |
Director |
|
Address : |
44, Nalanda Society, Vikas Puri, New Delhi – 110018, India |
|
Date of Birth/Age : |
05.11.1952 |
|
Date of Appointment : |
20.12.2007 |
|
DIN No.: |
01197345 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Suarabh Bhatia |
|
1 |
|
Kamlesh Sharma |
|
1 |
|
Vdopia INC, USA |
|
3539791 |
|
Total |
|
3539793 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
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 : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vipul Kumar and Company Chartered Accountants |
|
Address : |
XV – 5352 A, 1st Floor, SHora Kothi, Pahar Ganj, New Delhi
– 110055, India |
|
PAN No.: |
AASPK8290J |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3539793 |
Equity Shares |
Rs.10/- each |
Rs.3.540
Millions |
|
|
|
|
|
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 |
3.540 |
3.540 |
0.829 |
|
|
2] Share Application Money |
0.000 |
0.000 |
13.776 |
|
|
3] Reserves & Surplus |
7.725 |
7.670 |
6.568 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
-8.665 |
|
|
NETWORTH |
11.265 |
11.210 |
12.508 |
|
|
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 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.265 |
11.210 |
12.508 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.213 |
2.281 |
0.963 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.511 |
0.554 |
0.683 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
48.161
|
54.862 |
30.374 |
|
|
Cash & Bank Balances |
13.324
|
1.947 |
6.734 |
|
|
Other Current Assets |
2.643
|
2.394 |
0.000 |
|
|
Loans & Advances |
5.318
|
3.811 |
4.670 |
|
Total
Current Assets |
69.446
|
63.014 |
41.778 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.615
|
47.447 |
23.372 |
|
|
Other Current Liabilities |
7.224
|
7.171 |
0.000 |
|
|
Provisions |
0.066
|
0.021 |
7.554 |
|
Total
Current Liabilities |
60.905
|
54.639 |
30.926 |
|
|
Net Current Assets |
8.541
|
8.375 |
10.852 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
11.265 |
11.210 |
12.508 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.15 |
1.35 |
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 three years |
No |
|
12] |
Profitability for last three years |
No |
|
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 involved in |
---------------------- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
Yes |
|
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 |
AS PER WEBSITE DETAILS
PRESS RELEASE:
130 MN MOBILE
INTERNET USERS BY 2014
The growing popularity of online video streaming and convenience of mobile applications will push the number of mobile internet users to 130.6 million by March 2014. The "Mobile Internet Report" by the Internet and Mobile Association of India (IAMAI) says that the accessing of movies, sports, news and other live content through the cell phone has tripled in recent times to 87.1 million mobile internet users in December 2012.
"A global study recently reported that Indian consumers are ditching their televisions for smart phones faster than any of the 40 countries surveyed. In fact, 49% of the respondents from India stated that they would rather give up their televisions than their smart phone," said Preetesh Chouhan, VP- APAC of online advertising firm Vdopia.
Popular mobile TV service nexGTv, which provides more than 100 channels, is growing at a rate of 40% on a month-on-month basis, he said.
Technology expert Anmol Kapoor attributes this sudden surge to the availability of cheap smart phones with big screens. He added the availability of a reliable 3G connectivity as another reason.
"The market today is flooded with sub-Rs 15,000 smart phones with screens as big as 5 inches, which makes video viewing very convenient. Also, 3G connectivity allows users to stream video on the move," said Kapoor.
The estimated number of smart phone users in urban India is 27 million. "This opens up immense opportunity in the market for the penetration of mobile TV. Also, it is projected that 25% of the phones sold will be smart phones till 2015, which will further enlarge the playing ground for mobile TV players," said Chouhan.
The availability of free mobile applications for services such as banking, booking of tickets, etc., has also pushed up the number of customers who use internet on their smart phones.
Businessman Karan Sharma said, "From real time stock market updates to booking tickets online, there is an application for all my needs. A mobile phone is much more convenient than a laptop or a computer."
Guitar player Shashwat Dubey said that his smart phone has applications that allow him to tune his guitar and carry his music notations with him. "Most of the applications require an active internet connection." He said.
Yogesh Bansal, founder and CEO of professional networking site Apnacircle.com, said that with social networks witnessing the second highest activity on mobile, all players, especially the online ones, are focusing on mobile strategies and offerings.
"At ApnaCircle, we already have our Blackberry app and we are working on our Android app, which has updated features.
The idea of a mobile app should be around user friendliness, ease and connectivity. Our Android app lets you maintain your address book, look up people on the go and even allows you to call your professional contacts with just a click," said Bansal.
COKE SPREADS
HAPPINESS ON MOBILE
With a new tagline, 'Khushiyo ka Sangam', Coke has tied up with mobile video service NexGTV to run the campaign during the broadcast of Kumbh Mela ceremonies.
Coca-Cola, which recently launched its 'Crazy for Happiness' TV campaign, has extended the same on mobile TV with a new tagline, 'Khushiyo ka Sangam'. The brand has tied up with DigiVive's NexGTV, a mobile application that provides access to live TV channels and video on demand on handsets and the campaign will run during the special broadcast of Kumbh Mela ceremonies on NexGTV.
For the Kumbh broadcast, NexGTV has launched a dedicated channel with Coke as its main sponsor. For this campaign, besides clickable pre-roll video ads, NexGTV has come up with a preview screen branding for Coca-Cola.
Clicking on the pre-roll ad takes the consumer to Coke's 'Open Happiness' website. With this campaign, Coke expects to garner one million views on the platform.
DigiVive's NexGTV claims to have been downloaded by around eight million users across mobile platforms that include Symbian, Android, BlackBerry and iOS. Online video advertising network Vdopia monetises all NexGTV videos on mobile and the firm has so far partnered with brands like Microsoft, Sandisk, Apollo tyres, Samsung, Hitachi and many more.
Jaskirat Singh Gill, vice-president, marketing, DigiVive tells afaqs! that Coke wanted to extend the happiness campaign on mobile and align it with Kumbh Sangam. Hence, it was named 'Khushiyo ka Sangam'.
"The content of Maha Kumbh jelled well with Coke's happiness message and hence it associated with us for the channel in two levels, which include the pre-roll video ads and the preview screen branding," Gill adds.
Preetesh Chouhan, vice-president, APAC, Vdopia, says that especially for consumer packaged goods (CPG) brands, the communication is always based on a message. "In this case also, the message was happiness and it went well with the essence of Kumbh Mela. For Coke, here the pure RoI would be the reach and visibility gained through this medium, as it is very close to TV. Any smart brand would want to engage with audiences on such platforms," he adds.
Gill claims that the NexGTV platform is easily available to the masses in Tier II and Tier III cities, along with metropolitan cities and is highly consumed by them. "Coke as a brand would definitely want to cash in on such audiences," he says.
Chouhan adds that no separate creative is required for mobile streaming, and once a video of the ad is submitted, DigiVive and Vdopia jointly collaborate to make the video 2G and 3G compatible, and reduce the weight of the video to ensure seamless streaming on mobile.
As per Nielsen data for December 2012, NexGTV leads the mobile TV space with nearly 7 out of 10 mobile TV users in India using the service. According to Gill, NexGTV wants to reach 60 to 70 per cent of the Indian smartphone market and claims to have over 100 live TV channels ranging from news, entertainment, devotional, music and movies. The platform also provides video-on-demand services for movies and short films. It offers channels from the STAR bouquet, Sony bouquet, Aaj Tak, UTV movies and others as content partner.
VDOPIA SEES INDIA A
PRIORITY MARKET
Vdopia Inc a web and mobile advertising platform provider company is beefing up its presence in India. The company says that it has earmarked a significant amount for expansion throughout APAC region in 2013-14, a major of which will go to strengthen its India presence.
It has recently raised $3.4 million in a series B round funding followed by $4 million from Nexus Venture Partners in October 2009.
The Silicon Valley based company has offices across US, Europe and in India and has around over 250 clients in APAC region. "At present, almost 60 percent of our revenues come from the US and Europe markets and the rest comes from APAC. However, the future belongs to a country like India where smartphone penetration is reaching new heights and new technology roll-outs [like 3G and 4G] are driving growth," says Preetesh Chouhan, Vice President-APAC, Vdopia.
The country is presently sitting at 900 million mobile subscribers base and a growing number of users are accessing web and video through mobile. The roll-out of 3G and 4G technologies and competitive data price plans launched by incumbent operators is expected to increase the mobile internet adoption. This has compelled brand owners to reach new/migrated set of audiences, who are spending more time on mobile internet than any other medium. And here company like Vdopia aims to cash in on the opportunity.
"It is also a cost effective medium, as compared to other advertising medium as through mobile medium you play only the number of ads that have been actually viewed by the user," Chouhan adds.
The company helps leading brands to engage with their target audiences by positioning their ads on available online video content on the internet. "We have a technology advantage[and analytic tools], through which we can understand audience demographic, their usage and Geo locations and viewing pattern. By understanding these parameters, we can then smartly position its[brand's] advertisers on the relevant content online," explains Chouhan.
Vdopia is bullish about India opportunity and says that the focus is on hiring fresh talent to meet the expansion goals. The company says that it is growing at the rate of around 35 percent annually and has already tripled its manpower from around 50 in 2011 to 150 people currently.
The company, however believes that the content providers need to develop compelling content to attract internet audiences on mobile. It further says that it is also important for stakeholders to incentivize people to use data.
Chouhan was reluctant to share any numbers, saying that the company is self sustainable and has no plans for funding in the short term. The company competes with the online video advertising network Jivox, Komli Media, Affle and AdoTube in India.
TOP 3 TRENDS IN
DIGITAL VIDEO, ACCORDING TO VDOPIA’S PREETESH CHOUHAN
Founded by India-born entrepreneurs around five years back, mobile video advertising company VDopia claims to work with the best in every industry, including eBay, HDFC Bank, Bharatmatrimony.com, Makaan.com, Idea, Lays, Makemytrip.com, HP, ITC Ltd and Samsung.
Set up in 2008 by Stanford and IIT graduates Chhavi Upadhyay, Srikanth Kakani and Saurabh Bhatia, Vdopia raised $4 million from Nexus Venture Partners in October 2009. The Bangalore-based company also got an undisclosed seed amount infusion into the firm in December 2008.
It recently raised $3.4M as part of $7.4M Series B round from Nexus Venture Partners. The digital video advertising company appointed Preetesh Chouhan as the VP-APAC region in August last year to expand the company’s operations across South-east Asia. Prior to joining VDopia, Chouhan was working with Sify Technologies as national head for advertisement sales.
Chouhan spoke to Techcircle outlaying some big trends that VDopia sees in digital video for 2013.
Mobile TV: It is gaining a lot of traction lately, he said. “For example the mobile TV app from a startup called Digivive has seen around 6.5 million downloads last year without any marketing. This particular platform is yet to get lapped up by the advertisers in a big way, but 2013 will be the year when advertisers will surely wake up to its importance,” he said.
Increased content creation: Outlining the available video content in Indian market today, Chouhan said that at present video content is either in entertainment or news. There is no third category where you would see video content. “I feel this realisation has begun and this will be a trend this year. Like in markets abroad there is video content in any category you can imagine like fashion, lifestyle, travel etc. Indian market will wake up to the importance of more video content. More and more content around video gets created and more opportunities for advertisement on the platform,” he said. Customised content for mobile medium is also going to be big, he said.
Video-on-demand: This is a big consumption area from videos point of view. “With all the DTH video recorders video-on-demand is gaining popularity. In terms of mobile video on demand it’s slowly catching up via various apps that have come up and it will only grow,” Chouhan said.
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 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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.