MIRA INFORM REPORT
|
Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
NET CHECK SOLUTIONS ( |
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Registered
Office : |
689/7, Bibweewadi Veerbajipasalkar Nagar, Pune – 411037, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.07.2003 |
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Com. Reg. No.: |
11-018095 |
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Capital Investment
/ Paid-up Capital : |
Rs.5.732 Millions |
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CIN No.: [Company Identification
No.] |
U72200PN2003PTC018095 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEN05127D |
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PAN No.: [Permanent Account No.] |
AABCN7781K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Erection, Commissioning and Installation of Switches,
Racks, UPS, Cables, invertors, etc. and also contractor of Cable Networking. |
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No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Mr. Sameer Shilimkar, Accounts Manager provided general information
and financial statement for the year 2014. Even though the sales of the company has decreased, there is an
improvement in profit of the company in the year 2014. Overall financial
position of the company is above average. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sameer Shilimkar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9923337675 |
|
Date : |
11.12.2014 |
LOCATIONS
|
Registered Office : |
S. No. 689/7, |
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Tel. No. : |
91-20-24214375 / 24210275. |
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Fax No. : |
91-20-24223675 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Administrative Office 1 : |
FL-A-4, Dew Drop Villa, Sr. No.- 672/7/1, Bibweewadi, Opposite Canara
Bank, above Sony World Showroom, Pune – 411037, Maharashtra, India |
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Tel. No.: |
91-20-30201575 / 30201576 |
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Fax No.: |
91-20-30201577 |
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E-Mail : |
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Administrative Office 2 : |
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Ware House : |
166, Shobhana Jai Building, Near Grampanchayat office, Khedshivapur,
Tal – Haveli, Pune – 412205, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mohan Laxmanrao Pasalkar |
|
Designation : |
Director |
|
Address : |
689 / 7 Veer Baji
Pasalkar Nagar, Aniket Society No1, Pune - 411037 Maharashtra
|
|
Date of Birth/Age : |
13.10.1968 |
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Date of Appointment : |
02.07.2003 |
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DIN No. : |
02541164 |
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|
Name : |
Arvind Laxmanrao Pasalkar |
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Designation : |
Director |
|
Address : |
Sr. No. 689 / 7, Veer Baji
Pasalkar Nagar, Aniket Society No1, Pune - 411037 Maharashtra
|
|
Date of Birth/Age : |
21.03.1972 |
|
Date of Appointment : |
02.07.2003 |
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DIN No. : |
02541185 |
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|
Name : |
Laxman Ganpatrao Pasalkar |
|
Designation : |
Director |
|
Address : |
Sr. No. 689 / 7, Bibweewadi Road, Opp. Aniket Society, Pune – 411037,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
02.07.2003 |
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DIN No. : |
02541213 |
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Name : |
Vaishali Mohan Pasalkar |
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Designation : |
Director |
|
Address : |
Sr. No. 689 / 7, Bibweewadi Road, Opp. Aniket Society, Pune – 411037, Maharashtra,
India |
|
Date of Birth/Age : |
19.05.1972 |
|
Date of Appointment : |
02.07.2003 |
|
DIN No. : |
02541242 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Shilimkar |
|
Designation : |
Accounts Manager |
|
Name : |
Pawan
G. Chandak and Associates |
|
Designation : |
Company
Secretaries |
|
Address : |
Office no. 203,
Mangalmurti Complex, 990 Shukrawar Peth, Next to Pandit Automotive, Tilak
Road, Pune- 411002, Maharashtra, India |
|
Tel. No.: |
91-9552561299, 91-9822202890 |
|
Tel: |
91- 20- 24463486 / 87 |
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Telefax: |
91- 20- 24463487 |
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Email: |
pawang@chandakcs.com |
|
|
kuldeep@chandakcs.com |
|
Website: |
www.chandakcs.com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Mohan Laxman Pasalkar |
229299 |
40.00 |
|
Arvind Laxman Pasalkar |
114649 |
20.00 |
|
Laxman Ganpatrao Pasalkar |
85987 |
15.00 |
|
Subhadra Laxman Pasalkar |
28662 |
5.00 |
|
Vaishali Mohan Pasalkar |
114649 |
20.00 |
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|
|
|
|
Total |
5,73,246 |
100.00 |
%20PRIVATE%20LIMITED%20-%20298150_MIRA%2012-Dec-2014_files/image002.gif)
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Erection, Commissioning and Installation of
Switches, Racks, UPS, Cables, invertors, etc. and also contractor of Cable
Networking. |
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|
Products : |
·
Erection ·
Commissioning and Installation of Switches ·
Racks ·
UPS ·
Cables ·
contractor of Cable Networking |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B Smart And Associates LLP Chartered Accountants |
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Address : |
1909/2 , 1st Floor , Ram - Dhwaj Commercial Complex, 732/B, 1st Floor, Above Rupee Co-Op. Bank, Satara Road, Pune – 411037, Maharashtra, India |
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Tel. No. : |
91-20-66848888 (66848800 – 100 Lines) |
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Fax No. : |
91-20-24211131 / 41/ 51 39302230 |
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E-Mail : |
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PAN
No. : |
AAFFP2146R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
· Santosh Enterprises Rajadhiraj Developers Moral Infrastructure |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
573246 |
Equity Shares |
Rs.10/- each |
Rs.5.732 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
(1)Shareholders'
Funds |
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(a) Share Capital |
5.732 |
5.732 |
5.732 |
|
(b) Reserves & Surplus |
96.085 |
90.834 |
86.408 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
101.817 |
96.566 |
92.140 |
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(3) Non-Current Liabilities |
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|
|
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(a) long-term borrowings |
24.659 |
40.855 |
44.256 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.016 |
0.762 |
0.554 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
24.675 |
41.617 |
44.810 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
243.175 |
176.217 |
164.847 |
|
(b) Trade payables |
76.482 |
131.865 |
162.198 |
|
(c) Other current
liabilities |
5.159 |
6.995 |
44.656 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.004 |
|
Total Current Liabilities (4) |
324.816 |
315.077 |
371.705 |
|
|
|
|
|
|
TOTAL |
451.308 |
453.260 |
508.655 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.255 |
10.238 |
11.772 |
|
(ii) Intangible Assets |
0.141 |
0.236 |
0.386 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
211.922 |
204.432 |
180.790 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.975 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
225.293 |
214.906 |
192.948 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
122.452 |
57.703 |
42.103 |
|
(c) Trade receivables |
58.913 |
172.949 |
268.791 |
|
(d) Cash and cash
equivalents |
34.893 |
0.656 |
0.712 |
|
(e) Short-term loans and
advances |
9.387 |
6.680 |
4.101 |
|
(f) Other current assets |
0.37 |
0.366 |
0.000 |
|
Total Current Assets |
226.015 |
238.354 |
315.707 |
|
|
|
|
|
|
TOTAL |
451.308 |
453.260 |
508.655 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
66.442 |
155.909 |
210.260 |
|
|
Other Income |
19.373 |
17.485 |
0.000 |
|
|
TOTAL (A) |
85.815 |
173.394 |
210.260 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
50.671 |
68.189 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(64.748) |
(15.600) |
0.000 |
|
|
Employees benefits
expense |
32.892 |
40.819 |
0.000 |
|
|
Other expenses |
36.852 |
49.429 |
0.000 |
|
|
TOTAL (B) |
55.667 |
142.837 |
172.413 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
30.148 |
30.557 |
37.847 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
20.501 |
21.067 |
20.196 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.647 |
9.490 |
17.651 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.008 |
2.454 |
2.708 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
7.639 |
7.036 |
14.943 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.389 |
2.610 |
4.959 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
5.250 |
4.426 |
9.984 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.16 |
7.72 |
17.41 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.12 |
2.55 |
4.75 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
11.50 |
4.51 |
7.11 |
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.19 |
2.83 |
4.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.07 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.63 |
2.25 |
2.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.70 |
0.76 |
0.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
5.732 |
5.732 |
5.732 |
|
Reserves & Surplus |
86.408 |
90.834 |
96.085 |
|
Net worth |
92.140 |
96.566 |
101.817 |
|
|
|
|
|
|
long-term borrowings |
44.256 |
40.855 |
24.659 |
|
Short term borrowings |
164.847 |
176.217 |
243.175 |
|
Total borrowings |
209.103 |
217.072 |
267.834 |
|
Debt/Equity ratio |
2.269 |
2.248 |
2.631 |
%20PRIVATE%20LIMITED%20-%20298150_MIRA%2012-Dec-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
210.260 |
155.909 |
66.442 |
|
|
|
(25.849) |
(57.384) |
%20PRIVATE%20LIMITED%20-%20298150_MIRA%2012-Dec-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
210.260 |
155.909 |
66.442 |
|
Profit |
9.984 |
4.426 |
5.250 |
|
|
4.75% |
2.84% |
7.90% |
%20PRIVATE%20LIMITED%20-%20298150_MIRA%2012-Dec-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBT : NOT AVAILABLE
|
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 |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
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 |
----- |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Director |
NA |
31.503 |
|
From Relatives |
NA |
8.902 |
|
|
|
|
|
Total |
NA |
40.405 |
INDEX OF CHARGES
|
S. No . |
Charge ID |
Date of charges Creation/ Modification |
Charge Amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10505952 |
28/11/2013 |
33,000,000.00 |
PUNJAB NATIONAL BANK |
Satara Road, Pune, Maharashtra - 411009, INDIA |
C09267022 |
|
2 |
10319394 |
05/11/2011 |
1,794,420.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B25924275 |
FIXED ASSETS
· Plants and Machinery
· Office Equipment’s
· Telephone Equipment’s
· Cycle
· Furniture
· Vehicles
· Computers
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.62.21 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.