|
Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIM WORLDWIDE PRIVATE LIMITED (w.e.f. 10.10.2012) |
|
|
|
|
Formerly Known
As : |
SOFEENE ENTERPRISES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-401, Solaris-1, Opposite L and T Gate No.6, Saki Vihar Road, Powai,
Andheri (East), Mumbai - 400072, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.06.2006 |
|
|
|
|
Com. Reg. No.: |
11-162927 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51494MH2006PTC162927 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesaler and Trader of Yarns. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The management of the company has not filed with latest financials i.e.
2011-12. However from the financials 2011 the company performance seems to be
progressing. Trade relations are reported as fair. Business is active.
Payments are reported to be usually correct and as per commitments. The company can be considered normal for 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.
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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Subhash |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40534100 |
LOCATIONS
|
Registered Office : |
A-401, Solaris-1, Opposite L and T Gate No.6, Saki Vihar Road, Powai,
Andheri (East), Mumbai - 400072, Maharashtra, India |
|
Tel. No.: |
91-22-40534100-130 |
|
Fax No.: |
91-22-40534119 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sanjeev Khurana |
|
Designation : |
Director |
|
Address : |
501, Captain Property Azad Lance, Andheri (West), Mumbai-400058,
Maharashtra, India |
|
Date of Birth/Age : |
07.09.1965 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
02665875 |
|
|
|
|
Name : |
Mr. Basheer Mohamed |
|
Designation : |
Director |
|
Address : |
19, Aida Street, Singapore-459941 |
|
Date of Birth/Age : |
30.08.1977 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
02705079 |
|
|
|
|
Name : |
Mr. Ally Sheriff Mohamed |
|
Designation : |
Director |
|
Address : |
19, Aida Street, Singapore-459941 |
|
Date of Birth/Age : |
01.01.1947 |
|
Date of Appointment : |
30.06.2006 |
|
Passport No.: |
S0719188Z |
|
DIN No.: |
02705099 |
|
|
|
|
Name : |
Hanifa Mohd |
|
Designation : |
Director |
|
Address : |
1, Tosca Terrace, Singapore-455395 |
|
Date of Birth/Age : |
24.08.1945 |
|
Date of Appointment : |
30.06.2006 |
|
Passport No.: |
S0748102J |
|
DIN No.: |
02705107 |
|
|
|
|
Name : |
Mr. Rafique Mohd |
|
Designation : |
Director |
|
Address : |
71, Aida Street, Singapore-459980 |
|
Date of Birth/Age : |
13.08.1975 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
02705119 |
KEY EXECUTIVES
|
Name : |
Mr. Subhash |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sanjeev Khurana |
1000 |
|
Hanifa Mohd |
3000 |
|
Rafique Mohd |
1500 |
|
Ally Sheriff Mohamed |
3000 |
|
Basheer Mohamed |
1500 |
|
|
|
|
TOTAL
|
10000 |
AS ON 21.04.2012
|
Names of Allottees |
No. of Shares |
|
Hanifa Mohd |
33060 |
|
Rafique Mohd |
16530 |
|
Ally Sheriff Mohamed |
33060 |
|
Basheer Mohamed |
16530 |
|
|
|
|
TOTAL
|
99180 |
AS ON 14.06.2012
|
Names of Allottees |
No. of Shares |
|
Sanjeev Khurana |
11020 |
|
|
|
|
TOTAL
|
11020 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesaler and Trader of Yarns. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
The Saraswat Co-operative Bank, Rasec Branch,
Ishan Arcade, 3rd Floor, Opposite Gaondevi Temple, Naupada, Thane
– 406602, Maharashtra, India ·
The Saraswat Co-operative Bank, Powai Branch,
Mumbai - 400076, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J K Khanna and Company Chartered Accountant |
|
Address : |
313, C, Kanakia Park II, Thakur Complex, Kandivali (East), Mumbai-400101,
Maharashtra, India |
|
Mobile No.: |
91-9920200211 / 9869447232 |
|
PAN No.: |
AAAFJ0237A |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital : Rs. 10.000 Millions
Issued,
Subscribed & Paid-up Capital : Rs. 6.000 Millions
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 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 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.468 |
1.645 |
0.340 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.568 |
1.745 |
0.440 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.687 |
0.108 |
0.473 |
|
|
TOTAL BORROWING |
0.687 |
0.108 |
0.473 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8.255 |
1.853 |
0.913 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.187 |
0.097 |
0.064 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
8.118
|
2.443 |
1.207 |
|
|
Cash & Bank Balances |
2.813
|
0.376 |
0.006 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.924
|
0.986 |
0.604 |
|
Total
Current Assets |
12.855
|
3.805 |
1.817 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.482
|
0.511 |
0.186 |
|
|
Other Current Liabilities |
1.148
|
0.548 |
0.308 |
|
|
Provisions |
2.157
|
0.995 |
0.486 |
|
Total
Current Liabilities |
4.787
|
2.054 |
0.980 |
|
|
Net Current Assets |
8.068
|
1.751 |
0.837 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.005 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
8.255 |
1.853 |
0.913 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6.442 |
0.000 |
0.000 |
|
|
|
Commission Income |
10.578 |
3.760 |
1.100 |
|
|
|
Interest Income |
0.169 |
0.000 |
0.000 |
|
|
|
Credit Balance W/Back |
0.034 |
0.000 |
0.000 |
|
|
|
TOTAL |
17.223 |
3.760 |
1.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
6.200 |
0.000 |
0.000 |
|
|
|
Administrative Expenses |
3.663 |
1.827 |
1.103 |
|
|
|
TOTAL |
9.863 |
1.827 |
1.103 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.360 |
1.933 |
(0.003) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.038 |
0.013 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
7.322 |
1.920 |
(0.013) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.500 |
0.614 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.822 |
1.306 |
(0.024) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.646 |
0.340 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.468 |
1.646 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
582.23 |
130.57 |
(0.24) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
33.80
|
34.73 |
(2.18) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
43.02
|
51.06 |
(1.18) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
56.14
|
49.21 |
(0.69) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.97
|
1.10 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.72
|
1.24 |
3.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.69
|
1.85 |
1.85 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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
Registered office has been shifted from 703, 7th Floor Sagar
Tech Plaza-B, Andheri Kurla Road, Sakinaka, Junction, Andheri (East), Mumbai -
400072, Maharashtra, India to the present address w.e.f. 08.10.2008.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U51494MH2006PTC162927 |
|
Name of the
company |
AIM WORLDWIDE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
A-401, Solaris-1, Opposite L and T Gate No.6, Saki Vihar Road, Powai,
Andheri (East), Mumbai - 400072, Maharashtra, India E-mail: camanjusjoshi@gmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10353454 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India E-mail: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum Recording
Past Transactions of Creation of Mortgage by Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
14.12.2012 |
|
Amount secured by
the charge |
Rs.15.646
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 The company
accorded and gave oral consent to bank to continue to hold and retain the
title deeds (by way of constructive delivery) in respect of its immovable properties
as stated under item No.15 below, as security for repayment of Rs.15.646
Millions by the company together with principal, interest, liquidated
damages, costs, charges and expenses. Others NIL. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable
properties being Office No.1008, 10th Floor, Kanakia's Western Edge-II,
Western Express Highway, Borivali (East), Mumbai-400 066. |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs.13.900 Millions to Rs.15.646 Millions, in favour
the bank against the equitable mortgage
of immovable property situated at Borivali (East), Mumbai - 400066 |
FIXED ASSETS
·
Computer
·
Furniture
·
Inverter
·
Laptop
·
LCD Monitor
·
Mobile Set
·
Printer
·
Software
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. 54.98 |
|
|
1 |
Rs. 88.11 |
|
Euro |
1 |
Rs. 71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
5 |
|
--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 |
|
TOTAL |
|
45 |
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.