MIRA
INFORM REPORT
|
Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAIRAJ TECHINFRA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No 12, Poonam Palace, Near Bharat Talkies, Bhavani Peth,
Pune-411042, Maharashtra |
|
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|
Country : |
India |
|
|
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|
Financials (as
on) : |
31.03.2012 |
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|
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|
Date of
Incorporation : |
12.03.2010 |
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Com. Reg. No.: |
11-135778 |
|
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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|
CIN No.: [Company Identification
No.] |
U45209PN2010PTC135778 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader, Distributor and Importer of Computer and Computer
Accessories |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Satisfactory |
|
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|
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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. Trade relations are reported as decent. Business is active. Payment
terms are usually correct and as per commitment. 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.
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 DECLINED BY
|
Name : |
Mr. Sagar |
|
Designation : |
Business Development Manager |
|
Contact No.: |
91-9370242444 |
|
Date : |
14.01.2013 |
LOCATIONS
|
Registered Office : |
Shop No 12, Poonam Palace, Near Bharat Talkies, Bhavani Peth,
Pune-411042, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9370242444 (Mr. Sagar) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Head Office : |
No.14, Poonam Palace No.840/43, Near Bharat Talkies, Bhavani Peth,
Pune-411042, Maharashtra, India |
|
Tel. No.: |
91-20-26332608 / 26336690 / 41303503 / 41303505 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Azaruddin USman Tamboli |
|
Designation : |
Director |
|
Address : |
Flat No.21, 4th Floor, Poonam Palace, 843, Bhavani Peth,
Near Bharat Cinema, Pune-411042, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1985 |
|
Date of Appointment : |
12.03.2010 |
|
DIN No.: |
02848871 |
|
|
|
|
Name : |
Mr. Arshad Usman Tamboli |
|
Designation : |
Director |
|
Address : |
Flat No.21, 4th Floor, Poonam Palace, 843, Bhavani Peth,
Near Bharat Cinema, Pune-411042, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1987 |
|
Date of Appointment : |
12.03.2010 |
|
DIN No.: |
02848899 |
|
|
|
|
Name : |
Mr. Usman Hashamoddin Tamboli |
|
Designation : |
Director |
|
Address : |
Flat No.501, 5th Floor, Pacific Pearl, 998, New Nana Peth, Padamji
Park, Pune-411002, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1960 |
|
Date of Appointment : |
12.03.2010 |
|
DIN No.: |
02851975 |
|
|
|
|
Name : |
Mr. Shahnaj Usman Tamboli |
|
Designation : |
Director |
|
Address : |
Flat No.501, 5th Floor, Pacific Pearl, 998, New Nana Peth,
Padamji Park, Pune-411002, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1966 |
|
Date of Appointment : |
12.03.2010 |
|
DIN No.: |
02864455 |
KEY EXECUTIVES
|
Name : |
Mr. Sagar |
|
Designation : |
Business Development Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Azaruddin USman Tamboli |
2500 |
|
Arshad Usman Tamboli |
2500 |
|
Shahnaj Usman Tamboli |
2500 |
|
Usman Hashamoddin Tamboli |
2500 |
|
TOTAL
|
10000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Distributor and Importer of Computer and Computer
Accessories |
GENERAL INFORMATION
|
Suppliers : |
·
Aryan Computer Solutions ·
Data Care Corporation ·
House of Laptop Private Limited ·
Lee the Computer Shoppee ·
Neoteric Infomatique Limited ·
Sairaj Traders ·
Stech Computers ·
Sujata Computers Private Limited ·
Monarch Technologies Private Limited ·
Shree Ram Udyog Samuh |
|||||||||||||||
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|
|||||||||||||||
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Customers : |
·
Dikibi Technologies Private Limited ·
Anas Traders ·
Benchmark Solutions ·
Burhani Computers ·
Opal Computers ·
Sidewalk Systems ·
S.S. Enterprises ·
Unique Computers ·
Aditi Enterprises ·
Alpha Computers |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M K Pardeshi and Company Chartered Accountant |
|
Address : |
29/2, Somwar Peth, Gulmarg Park Co-operative Housing Scoiety, Near
Jain Temple, Pune-411011, Maharashtra, India |
|
PAN No.: |
ABIPP3215B |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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|
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|
NOTES
(i) Reconciliation
of the number of shares and amount outstanding at the beginning and at the end
of the reporting period:
|
Particulars |
Opening Balance |
Closing Balance |
|
Equity shares
with voting rights |
|
|
|
Year ended 31
March, 2012 |
|
|
|
Number of shares |
10000 |
10000 |
|
Rs. in Millions |
0.100 |
0.100 |
(ii) Details of
shares held by each shareholder holding more than 5% shares:
|
|
As at 31 March,
2012 |
|
|
Equity shares
with voting rights |
Number of shares held |
% holding in that class of shares |
|
Arshad Tamboli |
2500 |
25 |
|
Azhar Tamboli |
2500 |
25 |
|
Shahnaz Tamboli |
2500 |
25 |
|
Usman Tamboli |
2500 |
25 |
|
|
10000 |
100 |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
5.141 |
2.316 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
5.241 |
2.416 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
7.179 |
0.000 |
|
|
TOTAL BORROWING |
|
7.179 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
12.420 |
2.416 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.708 |
1.106 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.047 |
0.011 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
6.676 |
15.335 |
|
|
Cash & Bank Balances |
|
2.359 |
13.642 |
|
|
Other Current Assets |
|
17.059 |
7.487 |
|
|
Loans & Advances |
|
11.975 |
0.710 |
|
Total
Current Assets |
|
38.069 |
37.174 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
23.945 |
34.842 |
|
|
Other Current Liabilities |
|
0.311 |
0.205 |
|
|
Provisions |
|
3.148 |
0.828 |
|
Total
Current Liabilities |
|
27.404 |
35.875 |
|
|
Net Current Assets |
|
10.665 |
1.299 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
12.420 |
2.416 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
216.713 |
83.145 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
216.713 |
83.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
212.623 |
80.840 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
4.090 |
2.305 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(0.036) |
(0.011) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
4.126 |
2.316 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
412.60 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
1.90 |
2.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
10.27 |
6.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.78 |
0.95 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
6.60 |
14.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.39 |
1.04 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
|
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 |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sundry Creditors
|
|
23.945 |
34.842 |
|
|
|
|
|
|
TOTAL |
|
23.945 |
34.842 |
SUNDRY CREDITORS
PARTIAL DETAILS
(Rs.
In Millions)
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sundry Creditors
|
|
|
|
|
Aryan Computer
Solutions |
|
0.056 |
0.015 |
|
Data Care
Corporation |
|
6.292 |
25.830 |
|
House of Laptop Private
Limited |
|
0.038 |
0.038 |
|
Lee the Computer
Shoppee |
|
0.82 |
0.065 |
|
Neoteric
Infomatique Limited |
|
0.792 |
1.782 |
|
Sairaj Traders |
|
9.051 |
3.872 |
|
Stech Computers |
|
0.101 |
0.110 |
|
Sujata Computers
Private Limited |
|
0.004 |
0.015 |
|
Monarch
Technologies Private Limited |
|
1.164 |
0.000 |
|
Shree Ram Udyog
Samuh |
|
0.752 |
0.000 |
REVIEW OF
OPERATION AND FUTURE OUTLOOK
The company has reported
the Net Profit after tax of Rs.4.126 Millions for the financial year ended 31st
March 2012. During the year, the company has executed various contracts and
assignments efficiently and successfully which has turned out to be good in
company’s favor. Gradually, the company is in the process of undertaking
various new assignments and its Board is hopeful about more effective and
efficient working that will yield maximum profitability in coming years and
goodwill for the company in the sectors in which the company is operating.
FORM 8
|
Corporate
identity number of the company |
U45209PN2010PTC135778 |
|
Name of the
company |
SAIRAJ TECHINFRA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop No 12, Poonam Palace, Near Bharat Talkies, Bhavani Peth, Pune-411042, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10292564 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
20.03.2012 |
|
Amount secured by
the charge |
Rs. 10.000
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 as a continuing security
to secure for the repayment of Rs.10.000 Millions together with interest,
costs, charges, expenses and other moneys due and payable by the Company to
the Bank. |
|
Short particulars
of the property charged (Including 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, out standings, monies receivables, claims,
bills, invoice documents, contracts, guarantees, and rights |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.5.500 Millions to Rs.10.000 Millions against the
security of Stocks and Book Debts of the Company. |
FIXED ASSETS
·
Air Conditioner
·
Furniture and Fixtures
·
Furniture Chinchwad
·
Furniture Tilak Road
·
Furniture Aundh
·
Furniture Kothrud
·
Furniture Vimamnagar
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. 54.63 |
|
|
1 |
Rs. 88.17 |
|
Euro |
1 |
Rs. 73.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
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 |
|
43 |
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.