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Report Date : |
08.12.2014 |
IDENTIFICATION DETAILS
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Name : |
TINYOWL TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
Unit No. 601, Wing A, 6th Floor, Floral |
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Country : |
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Date of
Incorporation : |
02.06.2014 |
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Com. Reg. No.: |
11-255354 |
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Capital
Investment / Paid-up Capital : |
Rs.0.637 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2014PTC255354 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT19088G |
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PAN No.: [Permanent Account No.] |
AAFCT0185R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing software, hardware or programmes consultancy, information processing and business advisory services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
Unit No. 601, Wing A, 6th Floor, Floral Deck Plaza, Central MIDC Road,
Andheri (East), Mumbai – 400095, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Brij Bhushan |
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Designation : |
Nominee director |
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Address : |
C-201, Vasundhra Apts, Plot No -16 , Sector 6 , Dwarka, New Delhi –
110045, India |
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Date of Birth/Age : |
08.01.1981 |
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Date of Appointment : |
25.07.2014 |
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DIN No.: |
03624436 |
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Name : |
Mr. Gautam Mago |
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Designation : |
Nominee director |
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Address : |
D 202, Lloyds Estate, Wadala (East), Mumbai – 400037, Maharashtra,
India |
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Date of Birth/Age : |
12.03.1979 |
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Date of Appointment : |
25.07.2014 |
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DIN No.: |
03568682 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.05.2014
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Names of Shareholders |
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No. of Shares |
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Deap Ubhi |
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183 |
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Harshvardhan Mandad |
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2907 |
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Suresh Goyal |
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1850 |
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Shikhar Paliwal |
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1277 |
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Tanuj Kandelwal |
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1498 |
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Gaurav Chaudhary |
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1277 |
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Tancom Eletronics Private Limited |
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1008 |
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Total |
|
10000 |
As on 24.07.2014
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Names of Allottees |
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No. of Shares |
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Kunal Bahll |
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77 |
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RohiBansal |
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77 |
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Sequoia Capital India Investments IV |
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2605 |
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Nexus Ventures III, Limited |
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2605 |
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Total |
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5364 |
As on 24.07.2014
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Names of Allottees |
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No. of Shares |
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Kunal Bahll |
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10 |
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RohiBansal |
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10 |
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Sequoia Capital India Investments IV |
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10 |
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Nexus Ventures III, Limited |
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10 |
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Total |
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40 |
BUSINESS DETAILS
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Line of Business : |
Providing software, hardware or programmes consultancy,
information processing and business advisory services. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AUTHORISED CAPITAL : RS.0.800 MILLION
ISSUED, SUBSCRIBED & PAID-UP CAPITAL : RS. 0.637
MILLIONS
FINANCIAL DATA
[all figures are in
Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact
person |
No |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
-- |
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14] |
Estimation for coming financial
year |
No |
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15] |
Capital in the business |
No |
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16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
Yes |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
No |
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29] |
Last accounts filed at
ROC |
No |
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30] |
Major Shareholders, if
available |
No |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
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32] |
PAN of
Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
PRESS RELEASES
SEQUOIA AND NEXUS INVEST $3 MILLION IN TINYOWL
5 DECEMBER, 2014
Food ordering mobile app TinyOwl has raised $3 million in a first round of funding from Sequoia Capital and Nexus Venture Partners. TinyOwl Technology, the Mumbai-based startup that has developed the app, will use the capital raised to deepen its presence in Mumbai, its home market, and expand to other metros.
Founded in March this year by a group of five IIT Bombay
alumni including Harshvardhan Mandad and Gaurav Choudhary, TinyOwl claims a network
of over 3,500 restaurants in Mumbai at present. Available on Android and iOs,
the app enables consumers to order food through their mobile phones and have it
delivered at their doorstep.
Payments can either be made via the app using credit cards or through
cash-ondelivery. "We've grown to more than 3,500 restaurants in Mumbai and
are servicing thousands of customers. We aim to offer the best personalised
experience to our users and are setting up a data science and research lab for
the purpose," founder and CEO Mandad said.
The over online food ordering segment has seen a fair bit of activity this year. Delhi-based Zomato recently raised a $60 million funding round from Naukri promoter Info EdgeBSE 0.65 %, Vy Capital and Sequoia at a reported premoney valuation of $600 million. There's also been some early consolidation in the segment. Last month, Rocket Internetbacked Foodpanda acquired Pune-based TastyKhana for an undisclosed amount.
Like TinyOwl, both Zomato and Foodpanda drive a significant portion of their traffic through their respective mobile apps. "We believe that the food ordering experience will make a quantum leap in their quest in the era of smartphones," Sequoia principal Gautam Mago said in the context of the TinyOwl investment.
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.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
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Report Prepared
by : |
KVT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.