MIRA
INFORM REPORT
|
Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIX CONNECTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-37, Giriraj Industrial, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
02.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-120624 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1999PTC120624 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Copper and Copper Alloy Products like
Rods, Tubes, Pipes and Billets. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having poor track. Management of the company has failed to file the financials for the
year 2013 with the government department. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March 2012 but the document
related to the financials for the year 2012 and 2011 are not Available from
any sources. Mr. Ankit Panchal (Credit Manager) of Punjab national Bank has claimed
that the company is under Non-Performing Assets. Business is active as per the status shown in the registrar of
companies. The company cannot be considered for business dealings. |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly 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 India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = B+ (Suspended) |
|
Rating Explanation |
Have high risk of default |
|
Date |
14.10.2014 |
Reason for Suspension: The rating have been suspended as the company has
not furnished the information required by the CARE for monitoring of the
rating.
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. Majur Patel |
|
Designation : |
Accountant |
|
Contact No.: |
91-9619939903 |
|
Date : |
28.11.2014 |
LOCATIONS
|
Registered Office : |
B-37, Giriraj Industrial, Mahakali Caves Road, Mumbai –
400093, Maharashtra, India |
|
Tel. No.: |
91-22-42919000 / 42919007 / 42919008 / 42919009 / 67412942 |
|
Mobile No.: |
91-9619939903 (Mr. Majur Patel) |
|
Fax No.: |
91-22-42919010 / 67412942 |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Uday Bhikubhai Desai |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Sagar 'A', Block No. 2/4, Relief Road, Santacruz (West), Mumbai -
400054, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.03.1955 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.07.1999 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00209854 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Darshini Uday Desai |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-2, Sagar Relief Bond, Daulat Nagar, Santacruz ( West ), Mumbai - 400054,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03033477 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Uday Bhikubhai Desai |
2010 |
20.04 |
|
Vinay Desai |
1510 |
15.05 |
|
Jayshree Desai |
1000 |
9.97 |
|
Darshini Uday Desai |
1000 |
9.97 |
|
Jayesh Desai |
1010 |
10.07 |
|
Pankaj Desai |
500 |
4.99 |
|
Parul Desai |
1000 |
9.97 |
|
Rina Desai |
500 |
4.99 |
|
Vinay Desai |
1500 |
14.96 |
|
Total |
10030 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Copper and Copper Alloy Products like
Rods, Tubes, Pipes and Billets. |
|
|
|
|
Products : |
· Rods · Tubes · Pipes ·
Billets |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
· Aspee Infotech · Colourtek (India) Limited · Delesha Enterprises · Agarwal Metal Works Private Limited · Desco Components Private Limited · Devi Metal Technologies · Dipson Enterprises · Excellent Industries · Formulted Polymers · Hermes Packaging · J. B. Electroplaters Private Limited · J. P. Polymers Private Limited · Kamlesh Steel · Keval Industries · Kraft Line · Maruti Hi-Tech Products · Mehul Colours and Masterbatches Private Limited · Metal Bright Industries · Nemchand and Bros. · Nitin Fastners |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
· Crystal Light · Dhruv Electricals · Donex Industries Limited · Electro Enterprises · Ensave Devices Private Limited · Evergreen Eng. Company · Everlite Corporation · Jabla Electric Company · Kevin Infotech Private Limited · Lambda Microwave Technology · Mayank Electro Limited · Nuteck Products · Peak Electronics · P. M. Electro - Auto Private Limited · Precious Electronics Corporation · Precious Electronics Private Limited · Prolite Autoglo Limited · Radhika Industries |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. H. Dave and Company (Regd) Chartered Accountants |
|
Address : |
118, Andheri Industrial Estate, Off Veera Desai Road, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
PAN No.: |
AAHFP9194M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
Not Available |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 9.476
Millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10030 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.610 |
0.982 |
1.011 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.710 |
1.082 |
1.111 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.494 |
0.130 |
0.056 |
|
|
2] Unsecured Loans |
5.733 |
2.478 |
1.383 |
|
|
TOTAL BORROWING |
6.227 |
2.608 |
1.439 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.069 |
|
|
|
|
|
|
|
|
TOTAL |
7.937 |
3.690 |
2.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.513 |
0.455 |
0.505 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.505 |
6.140 |
3.865 |
|
|
Sundry Debtors |
4.133 |
2.609 |
1.960 |
|
|
Cash & Bank Balances |
0.151 |
1.137 |
0.706 |
|
|
Other Current Assets |
0.192 |
2.234 |
0.000 |
|
|
Loans & Advances |
2.772 |
0.000 |
1.251 |
|
Total
Current Assets |
13.753 |
12.120 |
7.782 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.701 |
6.861 |
4.256 |
|
|
Other Current Liabilities |
0.442 |
0.659 |
0.240 |
|
|
Provisions |
2.186 |
1.365 |
1.172 |
|
Total
Current Liabilities |
6.329 |
8.885 |
5.668 |
|
|
Net Current Assets |
7.424 |
3.235 |
2.114 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.937 |
3.690 |
2.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
8.909 |
13.290 |
|
|
|
Other Income |
NA |
0.025 |
0.000 |
|
|
|
TOTAL (A) |
NA |
8.934 |
13.290 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of raw material consumed |
|
5.576 |
9.340 |
|
|
|
Employee cost |
|
1.937 |
2.273 |
|
|
|
Administrative cost |
|
1.338 |
1.673 |
|
|
|
TOTAL (B) |
NA |
8.851 |
13.286 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
0.083 |
0.004 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.043 |
0.059 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
NA |
0.040 |
(0.055) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
NA |
0.049 |
0.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
NA |
(0.009) |
(0.096) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
0.021 |
0.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.628 |
(0.030) |
(0.316) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
62.61 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
(0.34) |
(2.38) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
0.93 |
0.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(0.07) |
(1.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(0.01) |
(0.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.64 |
2.41 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17 |
1.36 |
1.37 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.011 |
0.982 |
1.610 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.111 |
1.082 |
1.710 |
|
|
|
|
|
|
Long Term borrowings |
0.056 |
0.130 |
0.494 |
|
Short Term borrowings |
1.383 |
2.478 |
5.733 |
|
Total
borrowings |
1.439 |
2.608 |
6.227 |
|
Debt/Equity
ratio |
1.295 |
2.410 |
3.642 |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2010 Rs. In Millions |
31.03.2009 Rs. In Millions |
|
Unsecured Loans |
5.733 |
2.478 |
|
|
|
|
|
Jayshree U. Desai |
0.172 |
0.045 |
|
Uday Desai |
0.900 |
0.503 |
|
Unicon Conectors Private Limited |
2.733 |
0.000 |
|
Bhavna V. Desai |
0.259 |
0.246 |
|
Darshini Uday Desai |
0.825 |
0.812 |
|
Vinay Desai |
0.525 |
0.578 |
|
Maitree Desai |
0.098 |
0.100 |
|
Ronak P. Desai |
0.178 |
0.000 |
|
Jayesh Desai |
0.000 |
0.076 |
|
Standard Chartered Bank Loan A/C no. 46408398 |
0.026 |
0.118 |
|
Pankaj Desai |
0.017 |
0.000 |
|
Total |
5.733 |
2.478 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10383506 |
27/09/2012 |
100,000,000.00 |
Punjab National Bank |
Jay Apartments, Linking Road, Santacruz (West), Mumbai, Maharashtra - 400054, India |
B60915444 |
*Date of modification Charges
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 records 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.61.97 |
|
|
1 |
Rs.91.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.