MIRA INFORM REPORT
|
Report No. : |
317653 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOLUTIONS INDIA SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, Kaatyani Business Centre, CTS Plot No.83/C, M.I.D.C., Off
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra |
|
Tel. No. : |
91-22-66924499 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
11.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106468 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1997PTC106468 |
|
|
|
|
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
: |
Trader and Importer of NEC Visual Systems and Supporting
Products also Providing Maintance Services |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered 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.
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 PARTED BY
|
Name : |
Ms. Jaisala |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-66494444 |
|
Date : |
15.03.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
101, Kaatyani Business Centre, CTS Plot No.83/C, M.I.D.C., Off
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra,
India |
|
Tel. No.: |
91-22-66924499/ 66989781/ 82/ 83/ 84 Hotline
No.: 91-22-66494488 |
|
Fax No.: |
91-22-66494444/ 66494400 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Located at: ·
·
Chennai ·
Pune ·
Kolkata ·
Ahmedabad ·
Hyderabad ·
Bangalore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Trilokinath S. Rastoji |
|
Designation : |
Director |
|
Address : |
33-C, Kanyakumari, Sir M.V. Road, Andheri (East), Mumbai – 400 069,
Maharashtra, India |
|
Date of Birth/Age : |
12.01.1935 |
|
Date of Appointment : |
11.03.1997 |
|
Din No.: |
00275790 |
|
|
|
|
Name : |
Mr. Punit T. Rastoji |
|
Designation : |
Director |
|
Address : |
33-C, Kanyakumari, Sir M.V. Road, Andheri (East), Mumbai – 400 069,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1971 |
|
Date of Appointment : |
11.03.1997 |
|
Din No.: |
00275814 |
|
|
|
|
Name : |
Jaimala T. Rastoji |
|
Designation : |
Director |
|
Address : |
33-C, Kanyakumari, Sir M.V. Road, Andheri (East), Mumbai – 400 069,
Maharashtra, India |
|
Date of Birth/Age : |
09.07.1943 |
|
Date of Appointment : |
11.03.1997 |
|
Din No.: |
00275849 |
KEY EXECUTIVES
|
Name : |
Ms. Jaisala |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Jaimala T. Rastosji |
18500 |
29.60 |
|
Punit T. Rastogi |
26500 |
42.40 |
|
Trilokinath S. Rastogi |
12500 |
20.00 |
|
Trilokinath Rastogi (HUF) |
2500 |
4.00 |
|
Dharini Rastogi |
2500 |
4.00 |
|
Total |
62500 |
100.00 |
As on 30.09.2015
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 : |
Trader and Importer of NEC Visual Systems and Supporting
Products also Providing Maintance Services |
||||
|
|
|
||||
|
Products : |
·
Projectors ·
A/V Conferencing ·
LCD and Plasma ·
Visualizers ·
Projection Screens |
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
End Users and OEMs
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B.L. Agarwal and Associates Chartered Accountants |
|
Address : |
14/16, Popatwadi, 1st Floor, Kalbadevi Road, Mumbai – 400
002, Maharashtra, India |
|
Tel. No.: |
91-22-22094448/ 22053722 |
|
E-Mail : |
|
|
PAN No. : |
AABPA3525H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises in which Directors/ KMP or relatives exercise significant
influence : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62500 |
Equity Shares |
Rs.10/- each |
Rs. 0.625 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
0.625 |
0.625 |
0.625 |
|
(b) Reserves &
Surplus |
87.857 |
81.100 |
74.360 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
88.482 |
81.725 |
74.985 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3.616 |
10.441 |
13.661 |
|
(b) Deferred tax
liabilities (Net) |
4.209 |
4.098 |
3.897 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.444 |
0.400 |
0.282 |
|
Total Non-current
Liabilities (3) |
8.269 |
14.939 |
17.840 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.417 |
4.782 |
10.999 |
|
(b) Trade payables |
20.523 |
22.974 |
19.213 |
|
(c) Other current liabilities |
6.150 |
5.709 |
7.653 |
|
(d) Short-term provisions |
8.377 |
4.378 |
6.779 |
|
Total Current Liabilities
(4) |
47.467 |
37.843 |
44.644 |
|
|
|
|
|
|
TOTAL |
144.218 |
134.507 |
137.469 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.922 |
34.033 |
50.552 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
16.742 |
16.742 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.064 |
1.623 |
1.998 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
50.728 |
52.398 |
52.550 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.113 |
|
(b) Inventories |
30.389 |
29.263 |
38.712 |
|
(c) Trade receivables |
46.382 |
37.177 |
36.623 |
|
(d) Cash and cash
equivalents |
4.450 |
2.995 |
1.647 |
|
(e) Short-term loans and
advances |
12.175 |
12.543 |
7.824 |
|
(f) Other current assets |
0.094 |
0.131 |
0.000 |
|
Total Current Assets |
93.490 |
82.109 |
84.919 |
|
|
|
|
|
|
TOTAL |
144.218 |
134.507 |
137.469 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
150.105 |
118.050 |
135.501 |
|
|
Other Income |
36.919 |
39.776 |
34.242 |
|
|
TOTAL |
187.024 |
157.826 |
169.743 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.757 |
6.739 |
9.953 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Commission |
5.303 |
16.244 |
8.694 |
|
|
Sale of Goods |
0.295 |
0.000 |
0.000 |
|
|
Contribution for
Exhibition Expenses |
0.288 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
5.886 |
16.244 |
8.694 |
|
|
|
|
|
|
|
|
VALUE OF IMPORTS ON C.I.F. BASIS |
39.803 |
15.261 |
13.261 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
108.12 |
107.83 |
159.25 |
Expected Sales (2014-2015) : Rs. 300.000 Million
The above information has been parted by Mr. Jaisala
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.50 |
5.71 |
7.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
124.60 |
133.69 |
125.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
146.71 |
134.02 |
123.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.11 |
1.93 |
2.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.19 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
2.17 |
1.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.625 |
0.625 |
0.625 |
|
Reserves & Surplus |
74.360 |
81.100 |
87.857 |
|
Net worth |
74.985 |
81.725 |
88.482 |
|
|
|
|
|
|
long-term borrowings |
13.661 |
10.441 |
3.616 |
|
Short term borrowings |
10.999 |
4.782 |
12.417 |
|
Total borrowings |
24.660 |
15.223 |
16.033 |
|
Debt/Equity ratio |
0.329 |
0.186 |
0.181 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
135.501 |
118.050 |
150.105 |
|
|
|
(12.879) |
27.154 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
135.501 |
118.050 |
150.105 |
|
Profit |
9.953 |
6.739 |
6.757 |
|
|
7.35% |
5.71% |
4.50% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Current maturities of long term debts |
2.820 |
2.434 |
3.888 |
|
Total |
2.820
|
2.434 |
3.888 |
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans |
0.410 |
0.648 |
|
Deposits |
2.000 |
2.000 |
|
Loans and advances from related parties |
0.419 |
4.159 |
|
Total |
2.829 |
6.807 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10287926 |
24/06/2014 * |
16,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C20723961 |
|
2 |
10107886 |
12/03/2008 |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A39800446 |
|
3 |
10107965 |
31/01/2008 |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A39945266 |
* Date of charge modification
FIXED ASSETS
·
Buildings - Premises
·
Plant and Machinery -
Computers
·
Furniture and Fixtures
·
Vehicles - Motor Car
·
Office Equipments
·
Fax Machine
·
Mobile Phones
·
Electrical Installation
·
CC Camera
·
Conference Room Equipment
·
Air Conditioner
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. 62.40 |
|
|
1 |
Rs. 92.15 |
|
Euro |
1 |
Rs. 66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
|
--PROFITABILITY |
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 |
|
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.