MIRA INFORM REPORT
|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MICROLINK SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70, Nalanda Complex, Vastrapur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.06.1996 |
|
|
|
|
Com. Reg. No.: |
04-029818 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.275 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30009GJ1996PTC029818 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM002543B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is a Network Consultant, System Integrator and a Complete IT
Solutions Provider. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 107000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears tremendous increase in sales turnover as well as the net
profit during 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. 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.
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. Pinakin Shah |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-26927683 |
|
Email : |
|
|
Date : |
10.06.2012 |
LOCATIONS
|
Registered Office/ Project Office : |
70, Nalanda Complex, Vastrapur, Premchand Nagar Road, Ahmedabad- 380015,
Gujarat, India. |
|
Tel. No.: |
91-79-26747556/ 26747561 |
|
Fax No.: |
91-79-26767597/26747561 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
10, 2nd Floor, Sarthik, Near Fun Republic Multiplex,
Satellite, Ahmedabad- 380015, Gujarat, India. |
|
Tel. No.: |
91-79-26927683/ 26927684 |
|
Fax No.: |
91-79-26927686 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
211, Rajhans Complex, Near |
|
Tel. No.: |
91-261-2360077 |
|
E-mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ketan Natwarlal Khimani |
|
Designation : |
Whole-time Director |
|
Address : |
G/34, Takshashila Apartment, |
|
Date of Birth/Age : |
11.12.1965 |
|
Date of Appointment : |
04.06.1996 |
|
DIN No.: |
00874717 |
|
|
|
|
Name : |
Mr. Amit Manubhai Dave |
|
Designation : |
Whole-time Director |
|
Address : |
29, Ramnagar Society, Opposite Swami Narayan Wadi, Maninagar,
Ahmedabad- 380008, |
|
Date of Birth/Age : |
29.08.1970 |
|
Date of Appointment : |
04.06.1996 |
|
DIN No.: |
00874717 |
KEY EXECUTIVES
|
Name : |
Mr. Pinakin Shah |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amit Manubhai Dave (HUF) |
10 |
|
Ashvin Natwerlal Khimani (HUF) |
10 |
|
Netvision Technologies Private Limited, |
140700 |
|
Ketan Natwarlal Khimani |
86600 |
|
Natwarlal
Kushalchand Khimani-HUF |
10 |
|
Varun Ashwinbhai
Khimani |
10 |
|
Ashwin Natwarlal
Khimani |
10 |
|
Sarojben
Natwarlal Khimani |
10 |
|
Darshanben
Ashwinbhai Khimani |
10 |
|
Urja Amit Dave |
10 |
|
Amit Manubhai Dave |
10 |
|
Netserve
Technologies Private Limited, |
10 |
|
Natwarlal
Kushasalchand Khimani |
110 |
|
Total |
227510 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
61.84 |
|
Directors or relatives of Directors |
38.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Network Consultant, System Integrator and a Complete IT
Solutions Provider. |
GENERAL INFORMATION
|
Customers : |
OEM’S Manufacturing
Government
Educational
Institutes
Pharmaceuticals
Banks and
Services
IT (Software,
ISP, MT) and Telecom
|
|
|
|
|
No. of Employees : |
250 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
- |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Madhusudan C Mashruwala and Company Chartered Accountants |
|
Address : |
301-303, Akik, Mithakhali, Ahmedabad- 380006, |
|
Tel. No.: |
91-79-26462430/ 26467183 |
|
PAN No.: |
AACFM4776H |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
227510 |
Equity Shares |
Rs. 10/- each |
Rs. 2.275 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.275 |
2.275 |
|
(b) Reserves & Surplus |
|
24.595 |
20.672 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
45.250 |
44.170 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
21.358 |
19.250 |
|
(c) Other
current liabilities |
|
1.125 |
0.688 |
|
(d) Short-term
provisions |
|
2.112 |
2.205 |
|
TOTAL |
|
96.715 |
89.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2.102 |
2.420 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.047 |
9.306 |
|
(c) Deferred tax assets (net) |
|
0.179 |
0.179 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
7.161 |
12.320 |
|
(c) Trade
receivables |
|
52.956 |
32.230 |
|
(d) Cash
and cash equivalents |
|
26.177 |
22.526 |
|
(e)
Short-term loans and advances |
|
2.986 |
6.474 |
|
(f) Other
current assets |
|
5.107 |
3.805 |
|
TOTAL |
|
96.715 |
89.260 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.275 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
16.905 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
19.180 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
35.820 |
|
|
TOTAL BORROWING |
|
|
35.820 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.246 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.045 |
|
|
DEFERRED TAX ASSETS |
|
|
0.181 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
18.278
|
|
|
Sundry Debtors |
|
|
33.738
|
|
|
Cash & Bank Balances |
|
|
5.597
|
|
|
Other Current Assets |
|
|
19.447
|
|
|
Loans & Advances |
|
|
11.346
|
|
Total
Current Assets |
|
|
88.406 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
34.077
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
1.800
|
|
Total
Current Liabilities |
|
|
35.878 |
|
|
Net Current Assets |
|
|
52.528 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.000 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
208.617 |
125.984 |
88.727 |
|
|
|
Other Income |
NA |
53.364 |
42.302 |
|
|
|
TOTAL |
NA |
179.348 |
131.029 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
173.299
(Including Depreciation) |
127.198 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
|
3.831 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.523 |
|
0.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
6.049 |
3.306 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
2.282 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.514 |
3.767 |
3.306 |
|
|
|
|
|
|
|
|
|
|
DEFERRED TAX |
NA |
0.000 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.672 |
16.905 |
13.579 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.186 |
20.672 |
16.905 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
28.63 |
7.53 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
2.10 |
2.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.80
|
3.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
7.58
|
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.26
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.68
|
1.92 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.93
|
4.03
|
2.46 |
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 |
Yes |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
LONG TERM BORROWING |
|
|
|
Deposits |
|
|
|
Amit Manubhai Dave |
0.850 |
0.850 |
|
Amit Manubhai Dave – HUF |
6.750 |
6.750 |
|
Ashwin N. Khimani – HUF |
3.000 |
3.000 |
|
Darshanaben A. Khimani |
2.900 |
2.900 |
|
Natwarlal K. Khimani –HUF |
4.500 |
4.500 |
|
Natwerlal Kushalchand Khimani |
4.600 |
4.600 |
|
Netserve Technologies Private Limited |
0.600 |
0.000 |
|
Loan Account |
|
|
|
Netvision Technologies Private Limited |
19.450 |
18.970 |
|
Sarojben N.Khimani |
1.800 |
1.800 |
|
Urja Amitbhai Dave |
0.800 |
0.800 |
|
Total |
45.250 |
44.170 |
FINANCIAL RESULT:
The company has achieved sale of Rs. 208.617 Millions during the year. The
Company has earned Profit of Rs. 6.514 Millions after providing Depreciation of
Rs. 0.523 Millions.
SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars
|
31.03.2012 |
30.03.2011 |
31.03.2010 |
|
Sundry Creditors |
21.358
|
19.250
|
34.077
|
|
Total |
21.358
|
19.250
|
34.077
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U30009GJ1996PTC029818 |
||||||||||||
|
Name of the
company |
MICROLINK SOLUTIONS PRIVATE LIMITED |
||||||||||||
|
Address of the registered
office or of the principal place of
business in |
70, Nalanda Complex, Vastrapur, Premchand Nagar Road, Ahmedabad-
380015, Gujarat, India |
||||||||||||
|
This form is for |
Modification of charge |
||||||||||||
|
Charge
identification (ID) number of the charge to be modified |
10317788 |
||||||||||||
|
Type of charge |
Book debts Movable property (not being pledge) |
||||||||||||
|
Particular of
charge holder |
ICICI Bank, Ground Floor, Shivalik 2, |
||||||||||||
|
Nature of
instrument creating charge |
Supplement Deed of Hypothecation |
||||||||||||
|
Date of
instrument Creating the charge |
30.07.2012 |
||||||||||||
|
Amount secured by
the charge |
Rs 40.000 Millions |
||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
As stipulated by the bank from time to time Terms of
Repayment On demand Margin As stipulated by the bank from time to time Extent and
Operation of the charge The Company hypothecated the Stocks and Book Debts and all other
current assets by way of Exclusive charge |
||||||||||||
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of the Current Assets
namely, Stocks of Raw Materials, Stocks in process, Semi finished and
Finished Goods, Stores and Spares, Bills receivables and Book Debts |
||||||||||||
|
Particulars of
the present modification |
Rs. in Millions
Limit increase from Rs. 12.500 Millions to 40.000 Millions. |
FIXED ASSETS:
- Air Conditioner
- Furniture and
fixture
- Office
Equipment
- Plant and
Machinery
- Kinetic Honda
- Motor Car
- Mobile Phone
- Computer
Software (Payroll)
- Computer
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. 58.92 |
|
|
1 |
Rs. 91.80 |
|
Euro |
1 |
Rs. 78.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.