MIRA
INFORM REPORT
|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
NEURAL INTEGRATED SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
902, Evelina, Hiranandani Estate, Ghodbunder Road, Thane (West), Thane
– 400607, Maharashtra |
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.07.2003 |
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Com. Reg. No.: |
11-141257 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U74999MH2003PTC141257 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEN08875G |
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PAN No.: [Permanent Account No.] |
AABCN7663G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Company is engaged in Providing Services of Integrated Hardware and
Software Systems. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
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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 an established company having a satisfactory track record.
There appears drastic fall in the profitability during the current year. However, the general financial position of the company seems to be
good. Performance capacity appears to be high. Trade relations are reported
to be fair. Business is active. Payments are reported to be usually correct
and as per commitment. 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.
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 DENIED BY
|
Name : |
Mr. Senthil |
|
Designation : |
Operation Department |
|
Contact No.: |
91-22-30996200 91-9869226633 |
|
Date : |
12.01.2013 |
LOCATIONS
|
Registered Office : |
902, Evelina, Hiranandani Estate, Ghodbunder Road, Thane (West), Thane
– 400607, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9869226633 (Mr. Senthil) |
|
Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on: 20.09.2012
|
Name : |
Mr. Ramratan
Jagannath Gupta |
|
Designation : |
Managing director |
|
Address : |
902, Evelina Hiranandani Estate, Ghodbunder Road, Thane (West), Thane
– 400607, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1950 |
|
Date of Appointment : |
24.07.2006 |
|
DIN No.: |
00376648 |
|
|
|
|
Name : |
Ms. Manju
Ramratan Gupta |
|
Designation : |
Director |
|
Address : |
902, Evelina Hiranandani Estate, Ghodbunder Road, Thane (West), Thane
– 400607, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1957 |
|
Date of Appointment : |
10.07.2003 |
|
DIN No.: |
00376667 |
|
|
|
|
Name : |
Mr. Tarun
Ramratan Gupta |
|
Designation : |
Director |
|
Address : |
902, Evelina Hiranandani Estate, Ghodbunder Road, Thane (West), Thane
– 400607, Maharashtra, India |
|
Date of Birth/Age : |
13.12.1982 |
|
Date of Appointment : |
10.07.2003 |
|
DIN No.: |
00376629 |
KEY EXECUTIVES
|
Name : |
Mr. Senthil |
|
Designation : |
Operation Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Tarun Ramratan
Gupta |
|
6000 |
|
Manju Ramratan
Gupta |
|
14000 |
|
Ramratan
Jagannath Gupta |
|
30000 |
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on: 20.09.2012
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in Providing Services of Integrated Hardware and
Software Systems. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Oriental Bank of Commerce, Overseas Branch , Leela Galleria , 1st Floor, Andheri - Kurla Road , Sahar , Andheri (East), Mumbai - 400059, Maharashtra, India · HDFC Bank · IDBI Bank · Axis Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Girish S. Watwe Chartered Accountant |
|
Address : |
21 Shivanjali CHS, Model Town, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Tel. No.: |
91-22-26255757/ 26205757 |
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PAN.: |
AAJPW1566A |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500
Million |
|
|
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Details of
shareholders holding more than 5 % shares
|
Particular |
No. of Shares |
% holding |
|
Ram Ratan Gupta |
30000 |
60.00 |
|
Manju Gupta |
14000 |
28.00 |
|
Tarun Gupta |
6000 |
12.00 |
Reconciliation of
Number of Shares
|
Particular |
|
|
|
Shares outstanding as at 1st April 2011/ 1st April 2010 |
50000 |
50000 |
|
Shares outstanding as at 31st March 2012/ 31st March, 2011 |
50000 |
50000 |
The company has
issued only one class of equity shares having a par value of Rs 10 per share.
Each holder of Equity Share is entitled to one vote per share.
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
41.684 |
33.427 |
15.391 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
42.184 |
33.927 |
15.891 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.245 |
3.253 |
0.000 |
|
|
2] Unsecured Loans |
3.181 |
3.241 |
0.321 |
|
|
TOTAL BORROWING |
3.426 |
6.494 |
0.321 |
|
|
DEFERRED TAX LIABILITIES |
0.002 |
0.033 |
0.001 |
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|
|
|
|
|
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TOTAL |
45.612 |
40.454 |
16.213 |
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APPLICATION OF FUNDS |
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|
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|
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|
FIXED ASSETS [Net Block] |
10.688 |
11.974 |
2.464 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
5.000 |
5.571 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
OTHER NON CURRENT ASSETS |
0.002 |
0.005 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.274
|
5.427 |
4.263 |
|
|
Sundry Debtors |
28.592
|
20.695 |
5.956 |
|
|
Cash & Bank Balances |
24.851
|
13.953 |
4.254 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.374
|
16.518 |
8.437 |
|
Total
Current Assets |
92.091
|
56.593 |
22.910 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.147
|
15.883 |
4.880 |
|
|
Other Current Liabilities |
2.842
|
0.129 |
1.753 |
|
|
Provisions |
18.180
|
17.106 |
8.106 |
|
Total
Current Liabilities |
57.169
|
33.118 |
14.739 |
|
|
Net Current Assets |
34.922
|
23.475 |
8.171 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
45.612 |
40.454 |
16.213 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
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|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
147.381 |
114.271 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
120.314 |
99.383 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.402 |
27.067 |
14.888 |
|
|
|
|
|
|
|
|
|
|
TAX |
4.011 |
9.031 |
5.210 |
|
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|
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|
|
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|
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|
PROFIT AFTER TAX
|
8.375 |
18.036 |
9.678 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.327 |
6.724 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
167.50 |
360.73 |
193.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
12.24 |
8.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.07
|
39.47 |
58.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.79 |
0.94 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.44
|
1.17 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.71 |
1.55 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs
in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Sundry Creditors |
36.147
|
15.883 |
4.880 |
|
Total |
36.147
|
15.883 |
4.880 |
|
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 two 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 |
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 |
NOTE:
The registered office of the company has been shifted from 291/401 Jyoti Avenue Sherepunjab Society, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India to present address w.e.f. 13.09.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10264836 |
|
Corporate
identity number of the company |
U74999MH2003PTC141257 |
|
Name of the
company |
NEURAL INTEGRATED
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
902,Evelina,Hiranandani Estate, Ghodbunder Road, Thane (West), Thane – 400607, Maharashtra, India |
|
Type of charge |
Any interest in immovable property |
|
Particular of
charge holder |
Oriental Bank of Commerce, Overseas Branch, Leela Galleria , 1st Floor, Andheri - Kurla Road, Sahar, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
No Instrument -
Extension of Deposit of Title deed of Lease hold immovable property |
|
Date of
instrument Creating the charge |
03.10.2012 |
|
Amount secured by
the charge |
Rs. 48.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest Rate, or
such other Rate as agreed between the borrower company and the Bank from time
to time. Penal Interest @ 2% p.a. over and above the normal Interest rate in
case of default Terms of Repayment Repayment, as
agreed between the borrower company and the Bank from time to time. Margin Margin Rate, as
agreed between the borrower company and the Bank from time to time. Extent and Operation of the charge At the Request of
the borrower Company, the Bank has enhanced overall Banking Limits upto Rs.
48.000 Millions i.e. Bank Guarantee
Rs. 40.000 Millions (L/C Sub-limit to BG Rs.40.000 Millions) Cash Credit
Rs.7.000 Millions and Forward Contract Rs. 1.000 Millions] against Mortgage
of lease hold rights over the Immovable Property i.e. Unit No.117, 1st Floor,
Trans Thane Creek (TTC),Industrial Area, Vill. Mahape, Navi Mumbai - 400709,
Adm.1383 Sq. ft Total Charge
Stand Modified Upto Rs. 48.000 Millions |
|
Short particulars
of the property charged |
·
Mortgage
of lease hold rights over the Immovable Property i.e. Unit No.117, 1st Floor,
Building No. 2(A3), Millennium Business Park, Trans Thane Creek (TTC),
Industrial Area, Village Mahape, ·
Navi
Mumbai - 400709, Admeasuring1383 Sq. ft (carpet area). |
|
Particulars of
the present modification |
At the Request of
the borrower Company, the Bank has enhanced overall Banking Limits upto Rs. 48.000
Millions [i.e. Bank Guarantee Rs. 40.000 Millions (L/C Sub-limit to BG Rs.
40.000 Millions) Cash Credit Rs. 7.000 Millions and Forward Contract Rs.
1.000 Millions] against Mortgage of lease hold rights over the Immovable
Property i.e. Unit No.117, 1st Floor, Trans Thane Creek (TTC), Industrial
Area, Vill. Mahape, Navi Mumbai - 400709, Adm.1383 Sq. ft Total Charge
Stand Modified Upto Rs. 48.000 Millions |
(Rs
in Millions)
|
Unsecured Loan |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and Advances from related parties (Directors) |
|
|
|
Manju Gupta |
1.400 |
1.427 |
|
Tarun Gupta |
0.081 |
0.081 |
|
R. R. Gupta Loan A/C Rate of Interest on the above loans is 12 % p.a. |
1.700 |
1.733 |
|
There is no stipulated repayment period for the above loans |
|
|
|
Total |
3.181 |
3.241 |
FINANCIAL RESULTS
The company has made a profit before tax of Rs. 12.402 Millions in the current year as compared with Rs 27.067 Millions in the previous year. After provision for Income tax of Rs.3.980 Millions and Deferred Tax Asset of Rs.0.031 Million the balance profit taken to the Balance Sheet is Rs. 8.375 Millions.
CONTINGENT
LIABILITIES NOT PROVIDED FOR
The Company has availed of Bank Guarantees from Oriental Bank of Commerce of Rs14.183 Millions as on 31.03.2012 against the Fixed Deposits placed by the company with the bank.
FIXED ASSETS
· Office Equipment
· Land and Building
· Electrical Equipment
· Furniture and Fixtures
· Motor Cars
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 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. 54.54 |
|
|
1 |
Rs. 88.05 |
|
Euro |
1 |
Rs. 72.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.