MIRA
INFORM REPORT
|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADCC INFOCAD PRIVATE LIMITED (w.e.f.03.08.1999) |
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Formerly Known
As : |
ADCC CAD TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
10/5, Information Technology Park, Nagpur - 440022, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
11-114790 |
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Capital
Investment / Paid-up Capital : |
Rs. 33.300
Millions |
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CIN No.: [Company Identification
No.] |
U72300MH1998PTC114790 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Software Development Services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 490500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Megha Group”. It is an established company having a satisfactory track record. The
company has performed well in the year 2011-2012. Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
CRISIL – NSIL Rated |
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Rating Explanation |
SE 1B – Highest performance capability and
moderate financial strength. |
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Date |
October 15, 2012 |
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
MANAGEMENT NON-COOPERATIVE (91-712-2249033)
LOCATIONS
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Registered/ Corporate Office : |
10/5, Information Technology Park, Nagpur - 440022, Maharashtra, India |
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Tel. No.: |
91-712-2249033/ 9358/ 9930/ 1897/ 2528/ 9605 |
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Fax No.: |
91-712-2249605/ 2249358 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: Ø Mumbai Ø Pune Ø Hyderabad Ø Bhopal and
Raipur Ø Ahmedabad Ø Lucknow |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sameer Dattatraya Meghe |
|
Designation : |
Managing director |
|
Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
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Date of Birth/Age : |
12.02.1978 |
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Date of Appointment : |
14.07.2009 |
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DIN No.: |
00127536 |
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Name : |
Mr. Sagar Dattatraya Meghe |
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Designation : |
Director |
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Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
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Date of Birth/Age : |
03.05.1970 |
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Date of Appointment : |
14.07.2009 |
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DIN No.: |
00127487 |
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Name : |
Mr. Amit Kedarnath Somani |
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Designation : |
Director |
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Address : |
“Krishna Kunj”,
86, Shastri Layout, Opposite Somalwar School, Khamla Nagpur – 440015,
Maharashtra, India |
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Date of Birth/Age : |
17.09.1978 |
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Date of Appointment : |
01.07.2006 |
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DIN No.: |
00378635 |
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Name : |
Mrs. Devika Sagar Meghe |
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Designation : |
Director |
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Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
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Date of Birth/Age : |
06.08.1972 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
00850146 |
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Name : |
Mrs. Vrinda Sameer Meghe |
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Designation : |
Director |
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Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
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Date of Birth/Age : |
03.05.1978 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
00850126 |
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Name : |
Mr. Abhay Surendra Kimmatkar |
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Designation : |
Director |
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Address : |
V-45, Narendra
Nagar Ring Road, Nagpur – 440015, Maharashtra, India |
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Date of Birth/Age : |
06.10.1970 |
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Date of Appointment : |
17.12.2007 |
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DIN No.: |
01984134 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
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No. of Shares |
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Gawande Dhananjay |
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18000 |
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Meghe Sameer |
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70200 |
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Meghe Sagar |
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82796 |
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Meghe Devika with Meghe Sagar |
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75500 |
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Meghe Vrinda with Meghe Sameer |
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75500 |
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Meghe Sagar with Meghe Devika |
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10500 |
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Meghe Sameer with Meghe Vrinda |
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4500 |
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Meghe Dattatrayaji |
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3 |
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Tribble Trading and Investment Private Limited, India |
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250000 |
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SMG International Private Limited, India |
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448000 |
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Meghe Vrinda |
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10000 |
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Meghe Devika |
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10000 |
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Raghav Infradevelopers and Builders Private Limited, India |
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1065000 |
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SMG Hospitals Private Limited, India |
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620000 |
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AKS Infradevelopers Private Limited, India |
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590000 |
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Satguru Enterprise |
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1 |
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Total |
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3330000 |
AS ON 28.09.2012
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies
corporate |
|
89.00 |
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Directors
or relatives of directors |
|
11.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Software Development Services. |
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Products/ Services : |
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GENERAL INFORMATION
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Customers : |
Ø CMPDI Ø ADLABS Ø CMI FPE Ø SCCL Ø Indian Bureau of
Mines Ø MSEB Ø MP Irrigation Ø NTPC Ø MCGM Ø Vishakhapatnam
Port Trust Ø Simplex
Engineering Ø MIDC Ø MMRDA Ø Infotech
Enterprises Ø Excellize
Software Ø Crompton Greaves Ø Avineon Ø Quantum
Technologies |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Ø Abhyudaya
Co-operative Bank Limited, Administrative Office, K.K. Tower, Abhyudaya Bank Lane,
G.D. Ambekar Marg, Parel Village, Mumbai – 400012, Maharashtra, India Ø ICICI Bank
Limited, 2S Floor, Sanskruti Sankul, Zasi Rani Sitabuld, Nagpur – 440012,
Maharashtra, India Ø Oriental Bank of
Commerce Ø Punjab National
Bank, Khamla Branch, Nagpur – 440015, Maharashtra, India Ø HDFC Bank
Limited Ø The Hongkong and Shanghai Banking Corporation Limited Ø Standard
Chartered Bank Ø Canara Bank Ø Bank of India Ø State Bank of
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B. J. Bajaj and Company Chartered Accountants |
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Address : |
14A, Shri Krishna Residency, Dahake Layout, Khare Town, Dharampeth,
Nagpur – 440010, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ADSPB8377N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3,330,000 |
Equity Shares |
Rs.10/- each |
Rs. 33.300
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
33.300 |
33.300 |
33.300 |
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2] Share Application Money |
0.000 |
8.000 |
4.450 |
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3] Reserves & Surplus |
89.331 |
39.854 |
17.604 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
122.631 |
81.154 |
55.354 |
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LOAN FUNDS |
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1] Secured Loans |
240.011 |
105.833 |
75.709 |
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2] Unsecured Loans |
9.439 |
0.987 |
6.553 |
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TOTAL BORROWING |
249.450 |
106.820 |
82.262 |
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DEFERRED TAX LIABILITIES |
37.432 |
17.981 |
5.728 |
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TOTAL |
409.513 |
205.955 |
143.344 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
193.915 |
133.564 |
47.945 |
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Capital work-in-progress |
4.405 |
4.405 |
0.000 |
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INVESTMENT |
0.500 |
0.500 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.347
|
11.490
|
7.454 |
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Sundry Debtors |
164.658
|
98.833
|
110.697 |
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Cash & Bank Balances |
14.528
|
1.080
|
3.991 |
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Other Current Assets |
49.561
|
30.523
|
8.131 |
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Loans & Advances |
71.608
|
30.411
|
26.430 |
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Total
Current Assets |
310.702
|
172.337
|
156.703 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
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Sundry Creditors |
58.082
|
63.175
|
38.360 |
|
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Other Current Liabilities |
1.894
|
2.679
|
12.005 |
|
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Provisions |
40.033
|
38.997
|
10.939 |
|
Total
Current Liabilities |
100.009
|
104.851
|
61.304 |
|
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Net Current Assets |
210.693
|
67.486
|
95.399 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
|
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TOTAL |
409.513 |
205.955 |
143.344 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
|
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Income |
506.900 |
337.449 |
211.776 |
|
|
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Other Income |
3.842 |
1.727 |
1.960 |
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Closing Stock and WIP |
0.000 |
4.036 |
0.330 |
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|
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TOTAL |
510.742 |
343.212 |
214.066 |
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Less |
EXPENSES |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
437.257 |
302.748 |
203.164 |
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PROFIT BEFORE
TAX |
73.485 |
40.464 |
10.902 |
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Less |
TAX |
24.008 |
13.377 |
3.280 |
|
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PROFIT AFTER TAX
|
49.477 |
27.087 |
7.622 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.616 |
8.366 |
4.628 |
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend including Dividend Tax |
0.000 |
4.837 |
3.884 |
|
|
BALANCE CARRIED
TO THE B/S |
80.093 |
30.616 |
8.366 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
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|
|
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Export Earnings |
0.000 |
0.599 |
24.039 |
|
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|
|
|
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|
Earnings Per
Share (Rs.) |
14.86 |
8.13 |
2.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.69 |
7.89 |
3.56 |
|
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|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.50 |
11.99 |
5.15 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.56 |
13.23 |
5.33 |
|
|
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|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.60 |
0.50 |
0.20 |
|
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|
|
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
2.03 |
1.32 |
1.49 |
|
|
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
3.11 |
1.64 |
2.56 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors – for Goods and Expenses |
58.082
|
63.175
|
38.360 |
|
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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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
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 |
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 |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
From Shareholders |
0.000 |
0.987 |
|
From Others |
9.439 |
0.000 |
|
Total |
9.439 |
0.987 |
OPERATION:
The sales and services
for the year were higher than the previous year. The domestic sales were Rs.
506.900 Millions and during the year as against Rs. 336.850 Millions from
previous year. The operations for the year resulted in net profit of Rs. 73.485
Millions as against net profit of Rs. 40.464 Millions in the previous year.
Though the Company has earned an operating profit of Rs. 84.888 Millions in the
current year and Rs. 55.087 Millions from previous year. The directors are very
optimistic about enhancing the sales as well as profits in the coming year.
Contingent
liabilities and Commitments (to the extent provided for): Rs. 26.330
Millions
FIXED ASSETS:
Ø
Building
Ø
Furniture and Fixture
Ø
Plant and Machinery
Ø
Computer System
Ø
Office Equipment
Ø
Electrical Installation
Ø
Leasehold Land
Ø
Vehicle
Ø
Generator
WEBSITE DETAILS:
PRESS RELEASE
ADCC BRINGS VARSITY
BY SRI CHAITANYA INSTITUTE (AP) TO NAGPUR, AKOLA AND AMRAVATI
ADCC Infocad has created yet another milestone by bringing the best in IIT and Medical coaching to Nagpur, Akola and Amravati - Varsity by Sri Chaitanya Group of Institutes. Sri Chaitanya is the largest group in education in Asia having more than 300 + schools empowering more than 4.5 lakh students Pan India.Varsity has outstanding achievements of past 26 years and recent success story securing over 1550 IIT ranks, over 17000 AIEEE ranks and 3250 medical ranks in 2012. ADCC Academy announced a scholarship test for the aspiring students of Vidarbha to be conducted on 13th Jan where students based on the performance can get upto 100% fee waiver.
A Press conference was called by ADCC Infocad, where, The Hitavada, Lokmat, Lokmat Times, Lokmat Samachar, Times of India, Navabharat, Dainik Bhaskar, Sakal, Tarun Bharat, Punnya Nagari, Deshonnati, Loksatta, UCN, Lokshahivarta were present. The press conference was preceded by CA Amit Somani, Abha Meghe, Indu Agrawal, Dr. Chhitij Raj, Sohail Khan and Ravi Kiran.
ADCC INFOCAD PRIVATE
LIMITED
GOES GLOBAL!!
“The Hitavada” Dt. 23-Oct-12
A MOU has been signed between ADCC Infocad Private Limited, India and Regional Center of Mapping of Resources for Development (RCMRD), Kenya on the 9th Oct 2012. Mr. Amit Somani, Jt. Managing Director, ADCC; Mr. Nikhil Dakshindas, Associate Vice President, ADCC; and Mr. Hussein .O. Farah, Director General, RCMRD were present on the occasion.
The Regional Centre for Mapping of Resources for Development (RCMRD) was
established in Nairobi, Kenya in 1975 under the auspices of the United Nations
Economic Commission for Africa and the then Organization of African Unity,
today African Union. It is an inter-governmental organization and currently has
18 contracting Member States in the Eastern and Southern Africa Regions namely;
Botswana, Burundi, Comoros, Ethiopia, Kenya, Lesotho, Malawi, Mauritius,
Namibia, Rwanda, Seychelles, Somalia, South Africa, Sudan, Swaziland, Tanzania,
Uganda and Zambia.
ADCC is a Meghe Group Company and is ISO 9001:2008 certified and CRISIL rated.
ADCC was incorporated in 1998. It currently has around 700 employees and has
been witnessing CAGR of 40% plus. ADCC has its presence in the GIS services and
are global Premier Software Solution provider through its Alliance with World
Leaders like Autodesk Inc. USA (on PAN India Basis), Mathworks (Matlab),
Dassault (Catia), Adobe, Digital Globe (High Resolution Satellite Imageries),
Intergraph, Corel, Sanako (Language Lab), Trimble (on PAN India Basis),
Siemens, Microsoft, HP, Tally.
ADCC is a specialist in GIS and Engineering services, servicing clients across
the corporate and government segments helping improve their engineering
efficiency, support global footprint and improve competitiveness. With its rich
experience ADCC Infocad Private Limited will be technology partners to RCMRD
for their upcoming projects in GIS, in the areas of water, electricity,
telecom, land management and land working in the above member countries.
The purpose of this MOU is to develop mutual collaboration in surveying,
mapping and monitoring of land and other earth Sciences between the two
Institutions and 18 member countries. ADCC with this MOU is now poised to
increase its foot prints outside India and has focused on African Region for
increasing its reach.
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. 54.17 |
|
|
1 |
Rs. 82.99 |
|
Euro |
1 |
Rs. 70.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.