MIRA
INFORM REPORT
|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
RINSEL TECHNOLOGIES ( |
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Registered
Office : |
303, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
16.08.2002 |
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Com. Reg. No.: |
11-136857 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U72200MH2002PTC136857 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR17230D |
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PAN No.: [Permanent Account No.] |
AACCR2843P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Consultancy Services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The financials
for the year 2010-2011, 2011-2012 are not available with the government
department. As per previous year’s record the company recorded small scale of
business operation and there appears some loss. However, trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
303, Tanishka Building, 3rd Floor, Akurli Road, Near
western Express Highway, Kandivali (East), Mumbai- 400101, Maharashtra, India |
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Tel. No.: |
91-22-61163434 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 03.09.2010
|
Name : |
Mrs. Kavita Shantanu Rooj |
|
Designation : |
Additional Director |
|
Address : |
A/103- 104, Lemont Apartment, Rani Sati Marg, Western Express Highway,
Malad (East), Mumbai- 400097, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1978 |
|
Date of Appointment : |
20.07.2009 |
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DIN No.: |
00171861 |
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Name : |
Mr. Shantanu Narayan Rooj |
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Designation : |
Director |
|
Address : |
A/103- 104, Lemont Apartment, Rani Sati Marg, Western Express Highway,
Malad (East), Mumbai- 400097, Maharashtra, India |
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Date of Birth/Age : |
27.07.1973 |
|
Date of Appointment : |
16.08.2002 |
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DIN No.: |
00200275 |
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Name : |
Mr. Anil Vishnukant Thakur |
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Designation : |
Additional Director |
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Address : |
B01. EC 76, Krishna Kirtan CHS, |
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Date of Birth/Age : |
03.07.1974 |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
00449850 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.09.2010
|
Names of Shareholders |
Address |
No. of Shares |
|
Mr. Shantanu Rooj Mr. Gopal Chandra Das |
A-103/104,
Lemont Apartments, Ranisati Marg, Malad (East), Mumbai-400097 |
5000 |
|
Mrs. Kavita Rooj |
A-103/104,
Lemont Apartments, Ranisati Marg, Malad (East), Mumbai-400097 |
4800 |
|
Mrs. Kavita Rooj Mr. Praveen Gandhi Mr. Vikas P. Gandhi |
A-103/104,
Lemont Apartments, Ranisati Marg, Malad (East), Mumbai-400097 |
100 |
|
Mrs. Kavita Rooj Mrs. Sushila P. Gandhi |
A-103/104,
Lemont Apartments, Ranisati Marg, Malad (East), Mumbai-400097 |
100 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 03.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Consultancy Services. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Falod and Khandelwal Chartered Accountant |
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Address : |
404, Prospect Chambers, 317, D. N. Road, Mumbai- 400001, |
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PAN No.: |
AAAFF0220D |
CAPITAL STRUCTURE
As on 03.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
25.600 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
0.464 |
0.979 |
1.234 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
26.164 |
1.079 |
1.334 |
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|
LOAN FUNDS |
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|
1] Secured Loans |
1.225 |
1.519 |
0.000 |
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2] Unsecured Loans |
12.103 |
0.268 |
0.268 |
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|
TOTAL BORROWING |
13.328 |
1.787 |
0.268 |
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|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.004 |
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TOTAL |
39.492 |
2.866 |
1.606 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.128 |
0.142 |
0.156 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
36.951 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.170 |
0.100 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.475 |
0.636 |
|
|
Cash & Bank Balances |
0.424
|
0.025 |
1.850 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.863
|
4.900 |
2.087 |
|
Total
Current Assets |
2.287
|
5.400 |
4.573 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
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|
|
|
Sundry Creditors |
0.044
|
2.776 |
3.123 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.044
|
2.776 |
3.123 |
|
|
Net Current Assets |
2.243
|
2.624 |
1.450 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
39.492 |
2.866 |
1.606 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TOTAL |
2.634 |
0.007 |
7.254 |
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Less |
EXPENSES |
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TOTAL |
3.219 |
0.366 |
N.A |
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PROFIT/(LOSS)
BEFORE TAX |
(0.585) |
(0.359) |
0.248 |
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Less |
TAX |
(0.070) |
(0.104) |
0.027 |
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PROFIT/(LOSS)
AFTER TAX |
(0.515) |
(0.255) |
0.221 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.979 |
1.234 |
1.013 |
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BALANCE CARRIED
TO THE B/S |
0.464 |
0.979 |
1.234 |
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Earnings Per
Share (Rs.) |
(51.49) |
(25.50) |
22.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(19.55) |
(3642.86) |
3.05 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(24.22) |
(6.48) |
5.24 |
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Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(0.33) |
0.19 |
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|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51 |
1.66 |
0.20 |
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Current Ratio (Current Asset/Current Liability) |
|
51.98 |
1.95 |
1.46 |
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 |
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 |
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 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: The address of the
registered office has been shifted from 1st Floor, Citimall,
FIXED ASSETS
- Computer
systems
- Office
Equipments
- Furnitures
and Fixtures
UNSECURED LOAN
|
Particulars |
31.03.2010 (Rs.
in Millions) |
31.03.2009 (Rs.
in Millions) |
|
From Shareholders |
11.614 |
0.268 |
|
From a Corporate |
0.489 |
0.000 |
|
Total |
12.103 |
0.268 |
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. 53.85 |
|
|
1 |
Rs. 84.43 |
|
Euro |
1 |
Rs. 72.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
RJT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
TOTAL |
|
18 |
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.