MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEDIAMAN INFOTECH PRIVATE LIMITED |
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Registered Office : |
11, Vidyarthi Bhavan, 2nd Floor, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
11.11.1996 |
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Com. Reg. No.: |
11-103900 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company
Identification No.] |
U72200MH1996PTC103900 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM20869C |
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PAN No.: [Permanent
Account No.] |
AAACM8186G |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Trader of Hardware and
Computer Peripherals. |
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No. of Employees : |
100 (Approximately) (In Office + In Branches) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 85000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in sales turnover and incurred same loss during
the current year. However, trade relations are reported to be fair. Business is active.
Payments are reported to be 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.
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. Sagar |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-23828100 |
|
Date : |
25.06.2013 |
LOCATIONS
|
Registered Office / Head Office : |
11, Vidyarthi Bhavan, 2nd Floor, |
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Tel. No.: |
91-22-23823100 / 200 / 8100 / 23877418 / 43441111 |
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Fax No.: |
91-22-23877418 / 23828200 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. ft. |
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Location : |
Owned |
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Warehouse : |
0/1-102, Shree Munusuvrat Complex, Rahnal Village, Bhiwandi-421302,
Thane, Maharashtra, India |
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Tel. No.: |
95252-2324848 |
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|
|
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Branch Office : |
Located at ·
Ahmedabad ·
Bangalore ·
Tamilnadu ·
Kolkata ·
New Delhi ·
Pune ·
Secunderabad
|
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Dushyant Daulatrai Mehta |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 11, IInd Floor, Plot No. 38, Pallavi, Manikrao Lotikar Marg,
Sewri Wadala Road, King Circle, Mumbai – 400 019, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1965 |
|
Qualification : |
B.Com, M Phil |
|
Date of Appointment : |
15.12.1998 |
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Voter ID No.: |
ZHS4511473 |
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DIN No.: |
00365627 |
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|
Name : |
Mr. Dhairesh Harikisondas Bhimjiyani |
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Designation : |
Director |
|
Address : |
A 34, G K Nagar, |
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Date of Birth/Age : |
14.07.1965 |
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Qualification : |
B.Com |
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Date of Appointment : |
15.11.1996 |
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DIN No.: |
00365734 |
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Name : |
Mrs. Aditi Dushyant Mehta |
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Designation : |
Director |
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Address : |
Flat No. 11, IInd Floor, Plot No. 38, Pallavi, Manikrao Lotikar Marg,
Sewri Wadala Road, King Circle, Mumbai – 400 019, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1976 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.07.2002 |
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Voter ID No.: |
ZHS1506070 |
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DIN No.: |
00365806 |
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|
|
|
Name : |
Mr. Digant Dushyant Mehta |
|
Designation : |
Director |
|
Address : |
Plot No. 38, Pallavi, Manikrao Lotikar Marg, Sewri Wadala Road, King
Circle, Mumbai – 400 019, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1991 |
|
Date of Appointment : |
14.01.2013 |
|
DIN No.: |
06470366 |
KEY EXECUTIVES
|
Name : |
Mr. Sagar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dushyant Daulatrai Mehta |
399890 |
|
Aditi Dushyant Mehta |
100110 |
|
TOTAL
|
500000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Hardware and
Computer Peripherals. |
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|
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Products : |
·
StoreJet
25C ·
JetFlash ·
Transcend
T.photo 720 ·
Palit
GeForce 9600GT ·
Memorex
DVD-RW ·
Emtec Movie
Club R700 ·
Palit
Radeon 4850 ·
Eset Smart
Security ·
Eset
NOD32Antivirus |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers |
·
Asrock Inc ·
Hindustan Cargo Limited ·
New Globe Logistik Private Limited ·
Transcend Information Inc ·
Viraj Logistics ·
Advance Infotech ·
Aladdin Multimedia Private Limited ·
Arihant Infotech ·
Atharve Enterprise ·
Avg Technologies CZ |
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Customers : |
Retailers and End Users ·
Asic Technologies ·
Dhruv Distributors Private Limited ·
Dsm Infocom Private Limited ·
Excellent Infosys ·
Future E-Commerce Infrastructure Limited ·
Genpact India ·
Good Luck Telecom ·
G R Enterprises ·
Kamdhenu Departmental Store Private Limited ·
KsM Marketing ·
Laptop Clinic Network Private Limited |
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No. of Employees : |
100 (Approximately) (In Office + In Branches) |
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Bankers : |
·
Standard Chartered Bank, SME Credit, Crescenzo,
3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra,
Mumbai-400051, Maharashtra, India ·
ABN Amro Bank ·
Kotak Maahindra Bank ·
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
G N Shanbhag and Company Chartered Accountants |
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Address : |
413, Anurag Business Centre, Near Amar Cinema,off W T Patil Marg,
Chamber, Mumbai – 400 001, Maharashtra, India |
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Tel. No.: |
91-22-67655504 |
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Fax No.: |
91-22-67655510 |
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PAN No.: |
AAPPS8949B |
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Related Parties : |
Brain Bird Infotech Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Millions |
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Notes:
The reconciliation of
the number of shares outstanding
|
Particulars |
As at 31st March, 2012 |
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No. of Shares |
Rs. In Millions |
|
Equity shares outstanding at the beginning of the year |
300000 |
3.000 |
|
Add : Shares issued during the year |
200000 |
2.000 |
|
Less: Shares forfeited/Bought back during the year |
- |
- |
|
Equity shares outstanding at the end of the year |
500000 |
5.000 |
The details of equity
shareholders holding more than 5% shares
|
Particulars |
As at 31st March, 2012 |
|
|
|
No. of Shares |
% of Shares |
|
Dushyant Mehta - Director and Chairman |
399890 |
79.98 |
|
Aditi Dushyant Mehta |
100110 |
20.02 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
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|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
5.000 |
3.000 |
|
7(b) Reserves & Surplus |
|
16.347 |
16.783 |
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(c) Money received against
share warrants |
|
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
21.347 |
19.783 |
|
|
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(3) Non-Current Liabilities |
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(a)
long-term borrowings |
|
12.376 |
4.090 |
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(b) Deferred
tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
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(d) long-term provisions |
|
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
|
12.376 |
4.090 |
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|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a) Short term borrowings |
|
0.000 |
0.000 |
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(b) Trade payables |
|
44.299 |
48.583 |
|
(c) Other current liabilities |
|
20.836 |
32.506 |
|
(d) Short-term provisions |
|
3.693 |
4.104 |
|
Total Current Liabilities (4) |
|
68.828 |
85.193 |
|
|
|
|
|
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TOTAL |
|
102.551 |
109.066 |
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|
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II. ASSETS |
|
|
|
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(1) Non-current assets |
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|
|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
|
1.023 |
1.353 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
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(iii) Capital work-in-progress |
|
0.907 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
0.000 |
0.000 |
|
(c)
Deferred tax assets (net) |
|
0.168 |
0.168 |
|
(d) Long-term Loan and Advances |
|
0.000 |
18.700 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
2.098 |
20.221 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
31.705 |
50.400 |
|
(c) Trade receivables |
|
6.449 |
17.901 |
|
(d) Cash and cash equivalents |
|
25.473 |
14.301 |
|
(e) Short-term loans and advances |
|
36.826 |
6.243 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
100.453 |
88.845 |
|
|
|
|
|
|
TOTAL |
|
102.551 |
109.066 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
12.935 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
15.935 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.187 |
|
|
2] Unsecured Loans |
|
|
0.261 |
|
|
TOTAL BORROWING |
|
|
3.448 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19.383 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.039 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.749 |
|
|
DEFERREX TAX ASSETS |
|
|
0.179 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
27.384 |
|
|
Sundry Debtors |
|
|
14.291 |
|
|
Cash & Bank Balances |
|
|
8.496 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
21.428 |
|
Total
Current Assets |
|
|
71.599 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
55.014 |
|
|
Other Current Liabilities |
|
|
1.665 |
|
|
Provisions |
|
|
0.504 |
|
Total
Current Liabilities |
|
|
57.183 |
|
|
Net Current Assets |
|
|
14.416 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19.383 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
428.488 |
542.312 |
383.786 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
428.488 |
542.312 |
383.786 |
|
|
|
(Due to less order) |
|
||
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
427.406 |
537.233 |
380.132 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.082 |
5.079 |
3.654 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.518 |
1.231 |
1.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.436) |
3.848 |
2.582 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.783 |
8.935 |
6.353 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.347 |
12.783 |
8.935 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
501.636 |
348.572 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.87) |
12.83 |
8.935 |
|
Expected Sales (2012-2013): Rs. 800.000 Millions
The above information has been parted by Mr. Sagar
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.10)
|
0.71
|
0.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.07
|
4.66
|
5.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.26
|
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.58
|
0.21
|
3.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.04
|
1.25 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
44.299 |
44.889 |
55.014 |
|
TOTAL |
44.299 |
44.889 |
55.014 |
PARTIAL DETAILS
(SUNDRY CREDITORS)
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
|
Asrock Inc |
0.487 |
|
Hindustan Cargo Limited |
0.390 |
|
Transcend Information Inc |
39.859 |
|
Viraj Logistics |
0.482 |
|
Advance Infotech |
0.005 |
|
Aladdin Multimedia Private Limited |
0.320 |
|
Arihant Infotech |
0.003 |
|
Avg Technologies CZ |
1.382 |
|
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% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office address of the company has been shifted from 11,
Vidyarthi Bhavan, 3rd Floor, Tribhuvan Road, Mumbai – 400 004,
Maharashtra, India to present w.e.f. 01.10.2009
BUSINESS:
The turnover is marginally low as compared to the last year. The company hopes to increase the turnover and receipt in the forthcoming year.
UNSECURED LOANS
DETAILS:
(Rs.
In Millions)
|
Unsecured Loan |
31.03.2012 |
31.03.2011 |
|
Loans from
Directors |
|
|
|
Aditi Dushyant Mehta |
0.035 |
0.031 |
|
Dushyant Mehta |
9.650 |
3.544 |
|
Dushyant Mehta (EXP. A/C) |
2.691 |
0.000 |
|
TOTAL |
12.376 |
3.575 |
TRADE REFERENCES:
·
Dhruv Distributors Private Limited
FIXED ASSETS
·
Air Condition
·
Electrical Installation
·
Office Equipment
·
Furniture
·
Computer
·
Motor Car
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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.