MIRA INFORM REPORT
|
Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MICROPOINT COMPUTERS PRIVATE LIMITED (w.e.f. 18.10.2012) |
|
|
|
|
Formerly Known
As : |
MICROPOINT COMPUTERS LIMITED |
|
|
|
|
Registered
Office : |
Gala No. 17 and 18 Navketan Industrial Estate, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135224 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2002PLC135224 |
|
|
|
|
IEC No.: |
0300033559 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUIMM19091C MUMM15875G MUMD13601A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM8590Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Computer Peripherals |
|
|
|
|
No. of Employees
: |
245 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (55) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a good track record. The financial position of the company is sound and healthy. Directors
are well-experienced and knowledgeable businessmen. The company has recorded better growth in its turnover and profits
during 2012. Trade relations are reported as decent. Business is active.
Payment terms are regular and as per commitment. The company can be considered good 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 PARTED BY
|
Name : |
Mr. Anil Waghole |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-40956363 |
|
Date : |
18.06.2013 |
LOCATIONS
|
Registered Office / Head Office : |
Gala No. 17 and 18, Navketan Industrial Estate, Mahakali Caves Road, Andheri
(East), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-40956363 / 26106226 / 40956301 |
|
Mobile No.: |
91-9820222863 (Mr. Yogesh Deosthali) |
|
Fax No.: |
91-22-26106217 / 26870250 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Shop No1/2, Siddhivinayak Jewel, Sector No 11, Plot No 11, Behind
Krishma Hotel, Kamote Colony, Navi Mumbai 410209, Maharashtra, India |
|
Area : |
1200 Sq. Ft |
|
Location : |
Rented |
|
|
|
|
Regional Office : |
Located at:
|
|
|
|
|
International Office: |
1, |
|
Tel. No.: |
91-65-63372472/3/5 |
|
Fax No.: |
91-65-63374070 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Chetan Ramaniklal Goyani |
|
Designation : |
Director |
|
Address : |
201 / A, Hare Krishna Apartments, 2nd Floor, P M Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1963 |
|
Date of Appointment : |
19.03.2002 |
|
DIN No.: |
00241224 |
|
|
|
|
Name : |
Mr. Amul Damodar Mahale |
|
Designation : |
Director |
|
Address : |
11 / 86, Unnat Nagar No. 3,, Off M G Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1967 |
|
Date of Appointment : |
19.03.2002 |
|
DIN No.: |
00241284 |
|
|
|
|
Name : |
Mr. Gangadharan Narayanan Pothen |
|
Designation : |
Additional director |
|
Address : |
A 204, Jhaveri Residency CHS Limited, Chulna Bhopala Road, Vasai Road West, Mumbai – 401202, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1963 |
|
Date of Appointment : |
21.08.2012 |
|
DIN No.: |
06360080 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Waghole |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Chetan Goyani |
|
20310 |
|
Amul Mahale |
|
22385 |
|
Shilpa Goyani |
|
4615 |
|
Suchita Mahale |
|
2540 |
|
Chetan Goyani HUF |
|
50 |
|
Nirmala Naik |
|
50 |
|
Chetan Goyani Jointly with Shipa Goyani |
|
25 |
|
Amul Mahale Jointly with Suchita Mahale |
|
25 |
|
Total |
|
50000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals |
|
|
|
|
Products : |
Computer Peripherals |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Imports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
|
No. of Employees : |
245 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Yatin C Shah and associates Chartered Accountants |
|
Address : |
306, Goyal Trade Centre, Shantivan, Opposite HDFC Bank, Borivali
(East), Mumbai-400066, |
|
Tel. No.: |
91-22-28967082/28962159 |
|
Fax No.: |
91-22-28967082 |
|
E-Mail : |
|
|
PAN No.: |
AALPS7699J |
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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Reconciliation of the
Number of Shares at the beginning and end of the reporting period
|
Particulars |
No of Share |
Ra. In Millions |
|
Equity Shares |
|
|
|
At the beginning of the year |
50000 |
0.500 |
|
Outstanding at the end of the year |
50000 |
0.500 |
Details of Shareholder
holding more than 5% Shares in the Company
|
Particulars |
No. of Shares Held |
% of Holding |
|
Amul D Mahale |
22,385 |
44.77% |
|
Suchita A Mahale |
2,540 |
5.08% |
|
Chetan R Goyani |
20,310 |
40.62% |
|
Shilpa C Goyani |
4,615 |
9.23% |
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 |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
51.618 |
34.659 |
|
(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 |
|
2.770 |
2.984 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
49.404 |
49.404 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
48.020 |
67.802 |
|
(c) Other current liabilities |
|
12.785 |
7.355 |
|
(d) Short-term provisions |
|
0.084 |
0.000 |
|
TOTAL |
|
165.181 |
162.704 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
8.175 |
9.659 |
|
(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 |
|
0.218 |
0.218 |
|
(c) Deferred tax assets (net) |
|
0.229 |
0.117 |
|
(d) Long-term Loan and Advances |
|
0.869 |
3.400 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1.564 |
4.772 |
|
(b) Inventories |
|
8.326 |
25.911 |
|
(c) Trade receivables |
|
93.527 |
72.798 |
|
(d) Cash and cash equivalents |
|
49.950 |
43.264 |
|
(e) Short-term loans and advances |
|
2.323 |
2.565 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
165.181 |
162.704 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
26.464 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
26.964 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
5.862 |
|
|
TOTAL BORROWING |
|
|
5.862 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.065 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.891 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.587 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.218 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.257 |
|
|
Sundry Debtors |
|
|
54.203 |
|
|
Cash & Bank Balances |
|
|
32.875 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
9.990 |
|
Total
Current Assets |
|
|
108.325 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
40.977 |
|
|
Other Current Liabilities |
|
|
43.610 |
|
|
Provisions |
|
|
2.652 |
|
Total
Current Liabilities |
|
|
87.239 |
|
|
Net Current Assets |
|
|
21.086 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.891 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
546.240 |
473.874 |
272.997 |
|
|
|
Other Income |
3.988 |
1.583 |
4.967 |
|
|
|
TOTAL (A) |
550.228 |
475.457 |
277.964 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock in trade |
421.060 |
418.990 |
|
|
|
|
Changes in Inventories of Stock-in-Trade |
17.585 |
(14.653) |
|
|
|
|
Employee Benefit Expense |
61.775 |
41.576 |
|
|
|
|
Other
expenses |
21.704 |
14.427 |
|
|
|
|
TOTAL (B) |
522.124 |
460.340 |
265.347 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.104 |
15.117 |
12.617 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.882 |
1.152 |
2.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.222 |
13.965 |
10.502 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.518 |
1.927 |
2.435 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.704 |
12.038 |
8.067 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.745 |
3.843 |
2.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.959 |
8.195 |
5.685 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
8.204 |
14.126 |
|
|
TOTAL IMPORTS |
NA |
8.204 |
14.126 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
339.17 |
163.90 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover |
|
|
480.000 |
|
|
|
|
Due to market
fluctuation |
Expected Sales (2013-14) : Rs. 450.000 Millions
The above information has been parted by Mr. Anil Waghole.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.08
|
1.72 |
2.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.70
|
2.54 |
2.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.60
|
7.41 |
6.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.23 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05
|
0.06 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
1.99 |
1.24 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs
in millions)
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
48.020 |
67.802 |
40.977 |
|
Total |
48.020 |
67.802 |
40.977 |
|
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 |
Yes |
|
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% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 9 and 10, East Bharat Kunj, Shradhanand Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India to present address w.e.f. 29.06.2006
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Loan Intercorporate deposit |
2.770 |
2.984 |
|
Total |
2.770 |
2.984 |
FIXED ASSETS
- TATA Delivery
Van
- Furniture and
Fixtures
- Office
Premises
- Data
Processing Equipment
- Office
Equipments
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.58.45 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
55 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.