%20PRIVATE%20LIMITED%20-%20223213%2025-May-2013_files/image007.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CONCEPT INFORMATION TECHNOLOGIES ( |
|
|
|
|
Registered
Office : |
101 and 102, Giridhar Avenue, Opposite Big Bazaar, Near City Pride,
Kothrud, Pune-411038, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.09.2000 |
|
|
|
|
Com. Reg. No.: |
25-015278 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2000PTC015278 |
|
|
|
|
IEC No.: |
3105007342 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC05821E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8276G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader, Dealer and Service Provider of Desktop, Laptops, Servers, Storage,
Networking Products from Hewlett Packard, IBM, EMC, CISCO etc. |
|
|
|
|
No. of Employees
: |
45 (Approximately) (In Office) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 fair. Business is active. Payments are
reported to be usually correct and as per commitments. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Harshad Mukund Kulkarni |
|
Designation : |
Director |
|
Contact No.: |
91-9011075750 |
|
Date : |
24.05.2013 |
LOCATIONS
|
Registered Office : |
101 and 102, Giridhar Avenue, Opposite Big Bazaar, Near City Pride,
Kothrud, Pune-411038, Maharashtra, India
|
|
Tel. No.: |
91-20-25463261 / 67211400 |
|
Mobile No.: |
91-9011075743 (Mr. Prakash Patil) 91-9011075750 (Mr. Harshad Mukund Kulkarni) |
|
Fax No.: |
91-20-25463261 / 67211402 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kiran Sushakar Kirtane |
|
Designation : |
Managing Director |
|
Address : |
B-2, Taragiri Apartments, 56/57 Ideal Colony, Kothrud, Pune-411029, |
|
Date of Birth/Age : |
19.08.1968 |
|
Qualification : |
B E |
|
Experience : |
22 Years |
|
Date of Appointment : |
05.09.2000 |
|
DIN No.: |
00020353 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200PN2000PTC015278 |
CONCEPT
INFORMATION TECHNOLOGIES (INDIA) PRIVATE LIMITED |
Managing
director |
05-09-00 |
05-09-00 |
Active |
NO |
|
2 |
U72400PN2008PTC133069 |
GREEN
IT SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
20-11-08 |
20-11-08 |
Active |
NO |
|
Name : |
Mr. Harshad Mukund Kulkarni |
|
Designation : |
Director |
|
Address : |
“Harshad”, 126, Snehvardhan Society, Golwalkar Guruji Peth, Sahakar
Nagar No. 1, Pune-411009, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1967 |
|
Qualification : |
DETE |
|
Experience : |
22 Years |
|
Date of Appointment : |
15.10.2004 |
|
DIN No.: |
00032348 |
|
|
|
|
Name : |
Mrs. Ashwini Kiran Kirtane |
|
Designation : |
Director |
|
Address : |
B-2, Taragiri Apartments, 56/57 Ideal Colony, Kothrud, Pune-411029, |
|
Date of Birth/Age : |
11.07.1970 |
|
Qualification : |
M.E. |
|
Experience : |
20 Years |
|
Date of Appointment : |
05.09.2000 |
|
DIN No.: |
00020361 |
|
|
|
|
Name : |
Mr. Rahul Bhimrao Chaudhary |
|
Designation : |
Director |
|
Address : |
C-701, Pinnac Sadichha, Near MIT. Rambaug Colony, Off |
|
Date of Birth/Age : |
07.06.1971 |
|
Qualification : |
B E MBA |
|
Experience : |
18 Years |
|
Date of Appointment : |
15.10.2004 |
|
DIN No.: |
00020374 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash Patil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kiran Kirtane |
212500 |
|
Ashwini Kirtane |
175000 |
|
Santosh Kirtane |
25 |
|
Rahul Chaudhary |
99975 |
|
Harshad Kulkarni |
12500 |
|
TOTAL
|
500000 |
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, Dealer and Service Provider of Desktop, Laptops, Servers, Storage,
Networking Products from Hewlett Packard, IBM, EMC, CISCO etc. |
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Imports : |
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Products : |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and State and Central Government Establishments, Corporates,
Manufacturing Industries |
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No. of Employees : |
45 (Approximately) (In Office) |
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Bankers : |
The Saraswat
Co-operative Bank, ·
SME Branch, C-2, Kohinoor Estate Co-Operative
Housing Society, Plot No.12, Mulaa Road, Near Kamal Nayan Bajaj Garden, Sangamwadi,
Pune-411003, Maharashtra, India ·
2nd Floor Above F C Road Branch,
Ganeshwadi Opposite Hotel Vaishali Shivaji Nagar, Pune-411004, Maharashtra,
India ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rajesh V Kirloskar Chartered Accountant |
|
Address : |
Nandadeep, 32/2B, Sharma Saphalya Society, Erandwane, Pune-411004,
Maharashtra, India |
|
Tel No.: |
91-20-25433804 |
|
Fax No.: |
91-20-25457586 |
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Email : |
|
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PAN No.: |
ACDPK4987B |
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Related Parties : |
Green IT Solutions (India) 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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
NOTES
Details of shares held by each shareholder holding more than 5% shares
|
Class of Shares
/ Name of Shareholder |
As at 31 March,
2012 |
|
|
Number of Shares
Held |
% Holding in that class of shares |
|
|
Equity shares with voting rights |
|
|
|
Kiran Sushakar Kirtane |
212500 |
42.50 |
|
Ashwini Kirtane |
175000 |
35.00 |
|
Rahul Chaudhary |
99975 |
20.00 |
|
Harshand Kulkarni |
12500 |
2.50 |
|
Santosh Kirtane |
25 |
0.01 |
|
TOTAL |
500000 |
100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19.168 |
13.706 |
9.097 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.168 |
18.706 |
14.097 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
4.303 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.439 |
0.000 |
4.303 |
|
|
DEFERRED TAX LIABILITIES |
0.292 |
0.360 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.899 |
19.066 |
18.400 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.844 |
13.640 |
14.248 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.733 |
19.583 |
8.134 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.128
|
2.416 |
0.672 |
|
|
Sundry Debtors |
19.820
|
9.287 |
9.884 |
|
|
Cash & Bank Balances |
11.628
|
11.826 |
0.123 |
|
|
Other Current Assets |
0.000
|
0.000 |
3.087 |
|
|
Loans & Advances |
5.208
|
3.608 |
1.299 |
|
Total
Current Assets |
37.784
|
27.137 |
15.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.218
|
28.707 |
6.842 |
|
|
Other Current Liabilities |
8.238
|
6.952 |
6.974 |
|
|
Provisions |
9.006
|
5.635 |
5.231 |
|
Total
Current Liabilities |
30.462
|
41.294 |
19.047 |
|
|
Net Current Assets |
7.322
|
(14.157) |
(3.982) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.899 |
19.066 |
18.400 |
|
%20PRIVATE%20LIMITED%20-%20223213%2025-May-2013_files/image003.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
137.967 |
128.484 |
97.340 |
|
|
|
Other Income |
3.611 |
3.273 |
1.612 |
|
|
|
TOTAL |
141.578 |
131.757 |
98.952 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
103.213 |
100.411 |
70.584 |
|
|
|
Employees Benefits Expenses |
12.472 |
10.192 |
11.021 |
|
|
|
Other Expenses |
16.417 |
12.238 |
9.466 |
|
|
|
TOTAL |
132.102 |
122.841 |
91.071 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.476 |
8.916 |
7.881 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.480 |
0.789 |
1.630 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.996 |
8.127 |
6.251 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.267 |
1.402 |
1.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
7.729 |
6.725 |
5.162 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.268 |
2.116 |
1.489 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.461 |
4.609 |
3.673 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.00 |
9.00 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.86
|
3.50 |
3.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.60
|
5.23 |
5.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.27
|
16.49 |
17.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.36 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06
|
0.00 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
0.66 |
0.79 |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
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
Registered office has been shifted from B-1, Taragiri Plot
No. 56/57 Ideal Colony, Kothrud, Pune-411029, Maharashtra, India to the present
address w.e.f. 10.11.2010.
OPERATIONS
The turnover and profit of the Company has increased as compared to the
previous year. The Directors feel that the overall performance of the company
is satisfactory.
FORM 8
|
Corporate
identity number of the company |
U72200PN2000PTC015278 |
|
Name of the
company |
CONCEPT
INFORMATION TECHNOLOGIES (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
101 and 102, Giridhar Avenue, Opposite Big Bazaar, Near City Pride, Kothrud, Pune-411038, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
The Saraswat Co-operative Bank, 2nd Floor Above F C Road Branch, Ganeshwadi Opposite Hotel
Vaishali Shivaji Nagar, Pune-411004, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Vehicle Dated 2nd August 2011 |
|
Date of
instrument Creating the charge |
02.08.2011 |
|
Amount secured by
the charge |
Rs. 0.318 Million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest to be
paid at 10.00% p.a with monthly rest from the date of loan disbursed. The payment of
interest is to be made within 7 days from the date of debit to the account. Terms of repayment Term loan
repayable by monthly installment of Rs. 0.010 Million p.m. For 36 months. Term loan
repayable on demand but not later than 36 months. If it is not
repaid as stipulated above or and failure to comply with any terms and
conditions of the advance. Repayment through S.I to OD 2868 with sme - pune. Margin Min. 20% on
vehicle loan Extent and operation of the charge Type of Facility :-
Term Loan (Vehicle Loan) Other All Other Terms
And Conditions As Per Agreement |
|
Short particulars
of the property charged (Including location of the property) |
The Borrower/S
Doth Do Hereby Hypothecate To And In Favour Of The Bank A Maruti Alto Lxi
Car, Registered With The RTO Pune. |
TRADE REFERENCE
- Redington Distribution Pte Limited
FIXED ASSETS
- Office
Computer Printer
- Battery
- Rental
Excellence
- Maruti Alto
- Electrical
Installation
- Furniture
- Mobile Tel
- Building
- 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. 55.60 |
|
|
1 |
Rs. 83.98 |
|
Euro |
1 |
Rs. 71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.