MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED (w.e.f. 07.09.2007) |
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Formerly Known
As : |
LINYTRON ELECTRONICS PRIVATE LIMITED |
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Registered
Office : |
“The International”, 5th Floor, 16, New Marine Lines, Cross
Road No.1, Churchgate, Mumbai – 400020, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.06.1984 |
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Com. Reg. No.: |
11-033215 |
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Capital
Investment / Paid-up Capital : |
Rs.500.100
Millions |
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CIN No.: [Company Identification
No.] |
U32109MH1984PTC033215 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUML05780F |
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PAN No.: [Permanent Account No.] |
AAASCL5308H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in consumer electronics, IT equipment, mobiles, personal electronics items and allied accessories. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Aasman Management Services Private Limited. It is an established company having moderate track record. The rating is constrained on account of accumulated losses incurred by
the company. However, trade relations are reported as fair. Business is active.
Payment terms 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.
EXTERNAL AGENCY RATING
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 DENIED BY
|
Name : |
Mr. Pramod Kumar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-120-4573505 |
|
Date : |
30.12.2014 |
LOCATIONS
|
Registered Office : |
“The International”, 5th Floor, 16, New Marine Lines, Cross
Road No.1, Churchgate, Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-22033989 / 22033992 / 22001910 |
|
Mobile No.: |
91-9910035703 (Mr. Dhruv) |
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Fax No.: |
91-22-22065703 / 22083984 |
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E-Mail : |
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Website : |
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Area : |
1500 sq. ft. |
|
Location : |
Owned |
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Corporate Office : |
Regus Business Centre, S.B. Tower, 5th Floor, Plot No.17,
Sector 16 A, Film City, Noida – 201 301, Uttar Pradesh, India |
|
Area : |
1500 sq. ft. |
|
Location : |
Rented |
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Store Address : |
# 327/B, Great India Palace, 3rd Floor, Sector 38A, Noida –
201 301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4221100 / 120 / 4233712 |
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Area : |
5700 sq. ft. |
|
Location : |
Leased |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ravindra Keshav Raje |
|
Designation : |
Director |
|
Address : |
6, Ashirwad, B.W. Pathare Marg, Shivaji Parks, Dadar (West), Mumbai –
400 028, Maharashtra, India |
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Date of Birth/Age : |
30.06.1955 |
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Date of Appointment : |
27.09.2013 |
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DIN No : |
00112003 |
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Voter Id No. |
FKT0474650 |
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Name : |
Mrs. Komal Chhabria Wazir |
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Designation : |
Director |
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Address : |
P.O. Box 3426, Dubai, United Arab Emirates |
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Date of Birth/Age : |
11.08.1972 |
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Date of Appointment : |
16.08.2007 |
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DIN No.: |
00138111 |
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Name : |
Mr. Sanjeev Jain |
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Designation : |
Director |
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Address : |
207, Mohd. Suhail Bin Owaidan’s Building, Al Sharifi Centre, 318, Al
Karama Area, PO Box 2548, Dubai |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No : |
00119762 |
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|
|
|
Name : |
Mr. Ashok Kumar Kapur |
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Designation : |
Director |
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Address : |
144, Adarsh Nagar, Narmada Road, Jabalpur – 482001, Madhya Pradesh,
India |
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Date of Birth/Age : |
04.11.1947 |
|
Date of Appointment : |
31.01.2014 |
|
DIN No.: |
00126807 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Aasman Management Services Private Limited, India |
|
10006 |
|
Ravindra Keshav Raje |
|
8 |
|
Vidya Manohar Chhabria |
|
1 |
|
Bhavika Manohar Godhwani |
|
1 |
|
Komal Chhabria |
|
1 |
|
Kiran Manohar Chhabria |
|
1 |
|
Sheela Bhagwant Raote |
|
2 |
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Total |
|
10020 |
|
Names of
Shareholders (5% Non-Cumulative
Redeemable Optionally Convertible Preference Shares) |
|
No. of Shares |
|
Aasman Management Services Private Limited, India |
|
5000000 |
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.86 |
|
Directors or relatives of Directors |
0.09 |
|
Others |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in consumer electronics, IT equipment, mobiles, personal electronics items and allied accessories. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
T.R. Chaddha and Company Chartered Accountants |
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Address : |
B-30, Connaught Place, Kuthiala Building, New Delhi – 110 001, India |
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Tel. No.: |
91-11-43259900 |
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Fax No.: |
91-11-41259930 |
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E-Mail : |
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PAN No.: |
AAAFT1655Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
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Associates where significant influence is exercised/ common
control exists : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
5000000 |
5% Non-Cumulative Redeemable Optionally Convertible Preference Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.550.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10020 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
5000000 |
5% Non-Cumulative Redeemable Optionally Convertible Preference Shares |
Rs.100/- each |
Rs.500.000
Millions |
|
|
Total |
|
Rs.500.100 Millions |
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
500.100 |
500.100 |
500.100 |
|
(b) Reserves & Surplus |
(399.384) |
(338.875) |
(317.967) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
100.716 |
161.225 |
182.133 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
422.700 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.718 |
3.353 |
2.333 |
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Total Non-current
Liabilities (3) |
427.418 |
3.353 |
2.333 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
94.915 |
174.810 |
112.446 |
|
(b) Trade
payables |
141.692 |
113.806 |
92.011 |
|
(c) Other
current liabilities |
20.219 |
14.246 |
16.592 |
|
(d) Short-term
provisions |
0.136 |
0.264 |
0.068 |
|
Total Current
Liabilities (4) |
256.962 |
303.126 |
221.117 |
|
|
|
|
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TOTAL |
785.096 |
467.704 |
405.583 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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|
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(i)
Tangible assets |
127.756 |
81.374 |
93.358 |
|
(ii)
Intangible Assets |
0.824 |
0.197 |
0.810 |
|
(iii)
Capital work-in-progress |
13.364 |
10.278 |
3.011 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
99.225 |
63.598 |
45.533 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
241.169 |
155.447 |
142.712 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
411.378 |
215.872 |
187.173 |
|
(c) Trade
receivables |
27.157 |
21.804 |
19.859 |
|
(d) Cash
and cash equivalents |
77.291 |
63.370 |
43.635 |
|
(e)
Short-term loans and advances |
23.249 |
6.844 |
9.827 |
|
(f) Other
current assets |
4.852 |
4.367 |
2.377 |
|
Total
Current Assets |
543.927 |
312.257 |
262.871 |
|
|
|
|
|
|
TOTAL |
785.096 |
467.704 |
405.583 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2,760.800 |
2,197.600 |
1,778.165 |
|
|
|
Other Income |
12.300 |
11.500 |
11.398 |
|
|
|
TOTAL (A) |
2,773.100 |
2,209.100 |
1,789.563 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
|
|
1,614.069 |
|
|
|
Changes in Inventories Stock-in- Trade |
|
|
(45.468) |
|
|
|
Employee Benefit Expenses |
|
|
57.588 |
|
|
|
Other Expenses |
|
|
192.505 |
|
|
|
Prior Period Expenses |
|
|
0.426 |
|
|
|
TOTAL (B) |
2833.600 (Including
Financial and Depreciation) |
2230.000 (Including
Financial and Depreciation) |
1,819.120 |
|
|
|
|
|
|
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(29.557) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
1.928 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(31.485) |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
13.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(60.500) |
(20.900) |
(45.052) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(60.500) |
(20.900) |
(45.052) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(6039.00) |
(2087.00) |
(4496.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.19) |
(0.95) |
(2.53) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
(1.66) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.84) |
(4.57) |
(11.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.60) |
(0.13) |
(0.25) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.14 |
1.08 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12 |
1.03 |
1.19 |
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 |
500.100 |
500.100 |
500.100 |
|
Reserves & Surplus |
(317.967) |
(338.875) |
(399.384) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
182.133 |
161.225 |
100.716 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
422.700 |
|
Short Term borrowings |
112.446 |
174.810 |
94.915 |
|
Total
borrowings |
112.446 |
174.810 |
517.615 |
|
Debt/Equity
ratio |
0.617 |
1.084 |
5.139 |
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 |
1,778.165 |
2,197.600 |
2,760.800 |
|
|
|
23.588 |
25.628 |
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
|
1,778.165 |
2,197.600 |
2,760.800 |
|
Profit |
(45.052) |
(20.900) |
(60.500) |
|
|
(2.53%) |
(0.95%) |
(2.19%) |
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 |
|
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 |
No |
|
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 |
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:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
422.700 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
135.500 |
|
Total |
0.000 |
558.200 |
CORPORATE
INFORMATION
The Company was incorporated on 21st June 1984 in India under the Indian Companies Act, 1956 having its registered office located in Mumbai. The Corporate Office is located in Noida, U.P. The Company is engaged in business of trading in consumer electronics, IT equipment, mobiles, personal electronics items and allied accessories.
BUSINESS REVIEW
The Company earned a total income of Rs.2773.100 Milliosn during the financial year under review as against Rs.2209.100 Millions during the previous year, recording a growth of 25%. The company added 5 retail stores during the financial year taking the total number to 16. The company continues with its plan for addition of stores to the existing network.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10469548 |
03/12/2013 |
100,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B93277754 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.64 |
|
UK Pound |
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.