MIRA INFORM REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
EARTH SYSCOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, Trilok Row House, Opposite Chanakya Tower, Lad Society, Vastrapur,
Ahmedabad – 380054, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.03.2004 |
|
|
|
|
Com. Reg. No.: |
04-043806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.492 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007GJ2004PTC043806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHME00437D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 84000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The profitability of the company appears to be low during 2012.
External borrowing of the company appears to be increasing. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 (GENERAL DETAILS)
|
Name : |
Mr. Mohan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9825416118 |
|
Date : |
08.12.2012 |
LOCATIONS
|
Registered Office/ Head Office : |
12, Trilok Row House, |
|
Tel. No.: |
91-79-26857024 / 25 / 26 |
|
Mobile No.: |
91-9825416118 (Mr. Mohan Kataria) |
|
Fax No.: |
91-79-26854454 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Showroom +
Warehouse : |
Devshrusti Complex, Opposite Reliance Fresh, Near Pareshwar Mahadev, Bodakdev, Ahmedabad - 380 054, Gujarat, India |
|
Area : |
4000 sq.fts |
|
Location : |
Owned |
|
|
|
|
Branches : |
Located at:
|
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Hareshbahi Mashrubhai Kataria |
|
Designation : |
Director |
|
Address : |
B-15, Dwarkesh Apartment, Behind Lad Society, Vastrapur,
Ahmedabad- 380 054, |
|
Date of Birth/Age : |
01.06.1970 |
|
Qualification : |
B.E.(Electronics) |
|
Date of Appointment : |
18.03.2004 |
|
DIN No.: |
00159070 |
|
|
|
|
Name : |
Mrs. Bhanuben Hareshbahi Kataria |
|
Designation : |
Director |
|
Address : |
B-15, Dwarkesh Apartment, Behind Lad Society, Vastrapur,
Ahmedabad- 380 054, |
|
Date of Birth/Age : |
01.06.1969 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
18.03.2004 |
|
DIN No.: |
00159001 |
KEY EXECUTIVES
|
Name : |
Mr. Mohan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hareshbhai M. Kataria |
|
17615 |
|
Bhanuben H. Kataria |
|
9000 |
|
Kishor B Kataria |
|
6060 |
|
Mohan V Kataria |
|
4125 |
|
Nayna S Kataria |
|
5665 |
|
Taruna K Kataria |
|
4200 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda, Ambawadi Branch, Panchvati Marg, Ambawadi, Ahmedabad - 380006, Gujarat, India · HDFC Bank Limited, Vahalpur Branch. Ahmedabad, Gujarat, India · Axis Bank, Vastrapur Branch, Ahmedabad, Gujarat, India · ICICI Bank Limited · Kotak Mahindra Bank Limited · ABN Amro Bank · Centurion Bank of Punjab · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400012, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P R Shah and Associates Chartered Accountants |
|
Address : |
206, Nirman House, Usmanpura, Ahmedabad – 380013, Gujarat, India |
|
Tel. No.: |
91-79-27550982 / 30000621 |
|
E-Mail : |
|
|
PAN No.: |
AAIFP8260F |
|
|
|
|
Associates/Subsidiaries : |
Tech-India Infocom Private Limited Address: 12, Trilok Raw House, Near Rajtilak Raw House, Opposite Chanakya Tower, Vastrapur, Ahmedabad, Gujarat, India |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49200 |
Equity Shares |
Rs.10/- each |
Rs.0.492
Million |
|
|
|
|
|
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 |
0.492 |
0.492 |
0.492 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.509 |
14.315 |
10.652 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.001 |
14.807 |
11.144 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
25.579 |
29.068 |
15.879 |
|
|
2] Unsecured Loans |
14.252 |
6.713 |
1.631 |
|
|
TOTAL BORROWING |
39.831 |
35.781 |
17.510 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.018 |
0.068 |
|
|
|
|
|
|
|
|
TOTAL |
60.832 |
50.606 |
28.722 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.302 |
3.428 |
1.877 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.236 |
7.633 |
0.225 |
|
|
DEFERREX TAX ASSETS |
0.038 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
57.872 |
27.841
|
|
|
Sundry Debtors |
|
72.248 |
50.099
|
|
|
Cash & Bank Balances |
|
2.676 |
1.513
|
|
|
Other Current Assets |
|
2.753 |
1.290
|
|
|
Loans & Advances |
|
0.694 |
0.385
|
|
Total
Current Assets |
|
136.243 |
81.128 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
95.076 |
53.080
|
|
|
Other Current Liabilities |
|
|
0.527
|
|
|
Provisions |
|
1.622 |
0.901
|
|
Total
Current Liabilities |
|
96.698 |
54.508 |
|
|
Net Current Assets |
57.256
|
39.545 |
26.620
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
60.832 |
50.606 |
28.722 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
844.929 |
628.791 |
|
|
|
Other Income |
|
NA |
5.664 |
|
|
|
TOTAL (A) |
1244.231 |
NA |
634.455 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
627.555 |
|
|
|
Direct Expenses |
|
|
1.197 |
|
|
|
Indirect Expenses |
|
|
0.000 |
|
|
|
Administrative Expenses |
|
|
2.239 |
|
|
|
Selling and Distribution Expenses |
|
|
0.594 |
|
|
|
Other Expenditure |
|
|
5.913 |
|
|
|
Increase/Decrease In Stocks |
|
|
(8.439) |
|
|
|
TOTAL (B) |
1235.572
|
NA |
629.059 |
|
|
|
(Including |
|
|
|
|
|
|
Financial
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Expenses and
|
8.266 |
5.396 |
|
|
|
|
Depreciation) |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.255 |
1.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
6.011 |
3.625 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.775 |
0.512 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.659 |
5.236 |
3.113 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.465 |
1.573 |
1.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.194 |
3.663 |
2.111 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
42.900 |
3.403 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
5.514 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
125.89 |
74.45 |
42.90 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1650.000 |
|
|
|
|
|
The above information has been parted by Mr. Ramesh Ladumora (Finance
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.50 |
NA |
0.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.62 |
0.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
3.75 |
3.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.35 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.90 |
2.42 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
1.41 |
1.49 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
CURRENT MATURITIES OF
LONG TERM DEBTS : NOT AVAILABLE
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U30007GJ2004PTC043806 |
|
Name of the
company |
EARTH SYSCOM PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
12, Trilok Row House, E-mail: prshahca@yahoo.co.in
|
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat
Marg, Lower Parel (West), Mumbai – 400012, Maharashtra, India E-mail: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Letter of
Hypothecation. |
|
Date of instrument
Creating the charge |
06.01.2012 |
|
Amount secured by
the charge |
Rs.41.500
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. Terms of
Repayment 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 etc, as a continuing
security as mentioned in Column No.15 to secure below for the repayment of Rs.41.500
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 or asset(s) charged (including complete address and 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 |
FIXED ASSETS:
- Air Conditioner
- EPABX-Smart
- Mobile Phone
- Telephone Inst
- Samsung TV
- Lap Top
- Computer
- Furniture and Fixtures - Surat
- Refrigerator
- Furniture and Fixtures - Dev
- Shruti
- Pan
- Furniture and Fixtures- Trilok
- Swift Maruti Car
- Honda City
- Vehicle Goods Tempo
- Honda Activa
- Cruze Vcdi 2 0 Car 2025
- Maruti Wagon-R
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.65.42 |
|
|
1 |
Rs.102.10 |
|
Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.