|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYSNET GLOBAL TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-42, Okhla Industrial Area, Phase-2, New Delhi – 110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.01.1999 |
|
|
|
|
Com. Reg. No.: |
098140 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007DL1999PTC098140 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
IT Service Provider |
|
|
|
|
No. of Employees
: |
Not available (Management declined to provide information) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 365628 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Profit and loss statement as on 2012 has not been provided to us. Financially the company is strong. Liquidity position is good. Trade relations are fair. Business is active. Payment terms are
recorded as slow but correct. The company can be considered for business dealings with some caution. |
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 (31.12.2012) |
Current Rating (31.03.2013) |
|
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. V K Gupta |
|
Designation : |
Accounts department |
|
Contact No.: |
91-11-30826135 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office : |
W-42, Okhla Industrial Area, Phase-2, New Delhi – 110020, India |
|
Tel. No.: |
91-11-30826135 / 30826170 |
|
Fax No.: |
91-11-30846548 |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Ankur Sanghi |
|
Designation : |
Whole time Director |
|
Address : |
60, vishnupuri, Durgapura, Jaipur, Rajasthan, India |
|
Date of Birth/Age : |
19.07.1973 |
|
Date of Appointment : |
02.04.2002 |
|
DIN No.: |
01128616 |
|
|
|
|
Name : |
Mr. Sunil Gautam |
|
Designation : |
Director |
|
Address : |
G-172, Uday Path, Shyam Nagar, Jaipur – 302019, Rajasthan, India |
|
Date of Birth/Age : |
25.09.1958 |
|
Date of Appointment : |
15.03.2005 |
|
DIN No.: |
01262042 |
|
|
|
|
Name : |
Mr. Arush Kumar Sogani |
|
Designation : |
Director |
|
Address : |
C-40, Lajpat marg, C Scheme, Jaipur – 302001, Rajasthan, India |
|
Date of Birth/Age : |
12.11.1981 |
|
Date of Appointment : |
20.10.2011 |
|
DIN No.: |
05121639 |
|
Name : |
Mr. Raj Kumar Jain |
|
Designation : |
Director |
|
Address : |
7-GA-23, Jawaharnagar, Jaipur, Rajasthan, India |
|
Date of Birth/Age : |
18.01.1958 |
|
Date of Appointment : |
04.04.2000 |
|
DIN No.: |
01128819 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U30007DL1999PTC098140 |
SYSNET GLOBAL TECHNOLOGIES
PRIVATE LIMITED. |
Director |
04/04/2000 |
04/04/2000 |
- |
Active |
NO |
|
2 |
U99999DL1993PLC053094 |
UNICORP OVERSEAS LIMITED |
Director |
01/07/2008 |
01/07/2008 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ankur Sanghi |
|
36500 |
|
Raj Kumar Jain |
|
10100 |
|
Sunil Gautam |
|
490200 |
|
Arush Kumar |
|
57250 |
|
Lakshita |
|
66000 |
|
Sethi Mercantile Private Limited,
Mumbai |
|
40000 |
|
Prema Bhanot |
|
40000 |
|
Sachin Sogani |
|
40000 |
|
Rahul Gupta |
|
30000 |
|
Melody Residency Private Limited,
Kolkata |
|
25000 |
|
Vemuri Finvest Private Limited,
New Delhi |
|
20000 |
|
K D Trend Wear Private Limited,
New Delhi |
|
35000 |
|
Anupam Buildmart Private Limited,
New Delhi |
|
80000 |
|
Jigyasa Infrastructure Private Limited,
New Delhi |
|
30000 |
|
Arnab Properties Private Limited, Kolkata |
|
10000 |
|
Total |
|
1010050 |
AS ON 30.09.2012
|
Category |
Percentage |
|
Bodies corporate |
23.76 |
|
Directors or relatives of Directors |
76.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
IT Service Provider |
GENERAL INFORMATION
|
Customers : |
·
BSNL ·
Chambal Fertilisers and Chemical Limited ·
IFFCO ·
EPFO ·
National Fertilizers Limited ·
Tata ·
Baroda Rajasthan Gramin bank ·
National insurance Company Limited ·
National Insurance ·
Bhopal Co-operative Central Bank ·
Canara Bank ·
State Bank of India ·
Avantha Technologies |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Available (Management declined to provide information) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Yes Bank, 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India · ICICI Bank, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
----- |
|
|
|
|
Auditors : |
|
|
Name : |
V V Kale and Company Chartered Accountant |
|
Address : |
16A/20 Main Ajmal Khan Road karol Bagh, New Delhi, India |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,10,050 |
Equity Shares |
Rs. 10/- each |
Rs. 10.100
Millions |
|
|
|
|
|
Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,70,050 |
Equity Shares |
Rs. 10/- each |
Rs. 9.700
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 |
|
9.700 |
8.100 |
|
(b) Reserves & Surplus |
|
77.707 |
51.262 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
4.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
11.708 |
6.700 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
6.750 |
5.802 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
182.761 |
146.704 |
|
(b) Trade payables |
|
403.665 |
349.789 |
|
(c) Other current
liabilities |
|
34.176 |
28.025 |
|
(d) Short-term provisions |
|
15.099 |
9.998 |
|
TOTAL |
|
745.566 |
606.380 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
17.562 |
24.155 |
|
(ii) Intangible Assets |
|
0.638 |
0.199 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.739 |
0.284 |
|
(d) Long-term Loan and Advances |
|
6.827 |
5.715 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
98.853 |
103.101 |
|
(c) Trade receivables |
|
528.408 |
385.480 |
|
(d) Cash and cash
equivalents |
|
38.590 |
40.495 |
|
(e) Short-term loans and
advances |
|
1.748 |
1.929 |
|
(f) Other current assets |
|
52.201 |
45.022 |
|
TOTAL |
|
745.566 |
606.380 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
44.054 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
52.154 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
95.045 |
|
|
2] Unsecured Loans |
|
|
10.280 |
|
|
TOTAL BORROWING |
|
|
105.325 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.684 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.163 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
21.635 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
57.657 |
|
|
Sundry Debtors |
|
|
278.589 |
|
|
Cash & Bank Balances |
|
|
18.895 |
|
|
Other Current Assets |
|
|
23.214 |
|
|
Loans & Advances |
|
|
23.323 |
|
Total
Current Assets |
|
|
401.678 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
244.420 |
|
|
Other Current Liabilities |
|
|
8.520 |
|
|
Provisions |
|
|
12.210 |
|
Total
Current Liabilities |
|
|
265.150 |
|
|
Net Current Assets |
|
|
136.528 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.163 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
13.172 |
8.152 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.12
|
2.58 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.07 |
0.15 |
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U30007DL1999PTC098140 |
|
Name of the
company |
SYSNET GLOBAL TECHNOLOGIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
W-42, Okhla Industrial Area, Phase-2, New Delhi – 110020, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Book debts Floating charge |
|
Particular of charge
holder |
Yes Bank, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai – 400018, Maharashtra, India Email -
delhicadmidoffice@yesbank.in |
|
Nature of
instrument creating charge |
Deed of Hypothecation
dated 08.03.2013 |
|
Date of
instrument Creating the charge |
08.03.2013 |
|
Amount secured by
the charge |
Rs. 42.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit- To
be decided by the Lender at the time of first disbursement. Bank Guarantee-
Performance/ Financial-To be decided by the Lender at the time of each
transaction. Terms of
Repayment Cash Credit-
Payable on demand Bank Guarantee-
Performance/ Financial- Not Applicable Margin Cash Credit- 25%
of Book Debts (not more than 120 days old) Bank Guarantee-
Performance/ Financial- 75% of the transaction amount in the form of Fixed
Deposits duly lien marked in favor of YES Bank Limited Extent and Operation
of the charge Subservient
Charge on all the Current Assets of the Borrower (both present and future) Others Nil |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Subservient
Charge on whole of the Current Assets of the borrower's stocks of raw
material, semi-finished & finished goods, stores & spares, bills
receivables & book debts (both present & future) |
Note – the registered office address of the company
has been shifted from D-147, Okhla Indl. Area, Phase – I, New Delhi – 110020,
India to present address w.e.f. 01.02.2010
·
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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NLM |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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.