MIRA INFORM REPORT
|
Report No. : |
318104 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GYANSYS INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D No.1-1-537/A,
Gandhi Nagar, Hyderabad – 500 080, Telangana |
|
Tel. No.: |
91-40-66666347 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.08.2006 |
|
|
|
|
Com. Reg. No.: |
36-050903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.625 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG2006PTC050903 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG08622F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG3064C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into software development, computer education and consultation services. |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200500 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track. The company has
incurred loss from its operations during the financial year 2013-14. However, the company
operates on its owned funds. Trade relations
are fair. Business is active. Payments 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 (PARTIAL DETAILS)
|
Name : |
Ms. Poonam |
|
Designation : |
Human Resource Department |
|
Contact No.: |
91-80-45119937 |
|
Date : |
21.04.2015 |
LOCATIONS
|
Registered Office : |
D No.1-1-537/A,
Gandhi Nagar, Hyderabad – 500 080, Telangana, India |
|
Tel. No.: |
91-40-66666347/ 27670639 |
|
Fax No.: |
91-40-66666347 |
|
E-Mail : |
General
Inquiries: info@gyansys.com Sales Inquiries: United States: sales.us@gyansys.com India:
sales.in@gyansys.com Job Inquiries United States:
careers.us@gyansys.com India:
careers.in@gyansys.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Development Center
: |
9th Floor, Gamma Block, Sigma Soft Tech
Park,
Whitefield Main Road, Whitefield, Bangalore – 560 066, Karnataka, India |
|
Tel. No.: |
91-80-45119900 |
|
|
|
|
Global
Headquarters : |
GyanSys
Inc. 8440 Woodfield Crossing Blvd., Suite # 290, Indianapolis, IN 46240 |
|
Tel. No.: |
317-580-4200 |
|
|
|
|
Overseas Development Center : |
Primeland Building Suite 1103, Market Street Madrigal Business Park, Ayala Abalang, Muntinlupa, Muntinlupa Metro Manila, Philippines |
|
Tel. No.: |
+11 632 861 – 5466 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jayaram
Murthy Una |
|
Designation : |
Managing Director |
|
Address : |
1-1-537/A,
Near Balaji Towers, Gandhi Nagar, Musheerabad, Hyderabad – 500 080, Telangana, India |
|
Date of Birth/Age : |
15.11.1942 |
|
Date of Appointment : |
14.08.2006 |
|
DIN No.: |
02437528 |
|
|
|
|
Name : |
Vishnu Priya Una |
|
Designation : |
Director |
|
Address : |
1-1-537/A,
Near Balaji Towers, Gandhi Nagar, Musheerabad, Hyderabad – 500 080, Telangana, India |
|
Date of Birth/Age : |
05.05.1957 |
|
Date of Appointment : |
14.08.2006 |
|
DIN No.: |
02437564 |
|
|
|
|
Name : |
Rajkishore Una |
|
Designation : |
Director |
|
Address : |
12487,
Pebble Knoll Way, Carmel, 46033, United States of America |
|
Date of Birth/Age : |
07.01.1972 |
|
Date of Appointment : |
28.02.2009 |
|
DIN No.: |
02484216 |
|
|
|
|
Name : |
Padmaja Una |
|
Designation : |
Director |
|
Address : |
12487,
Pebble Knoll Way, Carmel, 46033, United States of America |
|
Date of Birth/Age : |
08.03.1976 |
|
Date of Appointment : |
28.02.2009 |
|
DIN No.: |
02484246 |
KEY EXECUTIVES
|
Name : |
Ms. Poonam |
|
Designation : |
Human Resource Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Jayaram Murthy Una |
49999 |
8.00 |
|
Vishnu Priya Una |
50000 |
8.00 |
|
Rajkishore Una |
50000 |
8.00 |
|
Padmaja Una |
50000 |
8.00 |
|
GyanSys Inc., USA |
425000 |
68.00 |
|
Sanat Kishore Una |
1 |
0.00 |
|
Total |
625000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings [(Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others] |
68.00 |
|
Directors or relatives of Directors |
32.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into software development, computer education and consultation services. |
|
|
|
|
Products/ Services : |
·
Assessment ·
Best
Practice Implementation ·
Project
Management ·
SAP
Testing ·
Support
Services ·
Training
and Change Management |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
·
Bridgestone Firestone ·
Chromaflo ·
Sigma Aldrich ·
Bostik ·
Conagra Foods ·
American Railcar Industries (ARI) ·
Amsted Rail ·
GulfMark Offshore |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
450 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Atmakuri and Company Chartered Accountants |
|
Address : |
6-3-1086/1/2, Rajbhavan Road, Somajiguda, Hyderabad – 500 082, Talangana, India |
|
Tel. No. : |
91-40-23311408 |
|
Fax No. : |
91-40-23311408 |
|
E-Mail : |
|
|
PAN
No.: |
ABLPA5059K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Company under the same management : |
Gyansys Infotech Inc. |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Re.1/- each |
Rs.3.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
625000 |
Equity Shares |
Re.1/- 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 |
0.200 |
|
(b) Reserves & Surplus |
69.560 |
74.790 |
20.134 |
|
(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) |
70.185 |
75.415 |
20.334 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(0.326) |
0.054 |
0.484 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
(0.326) |
0.054 |
0.484 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
17.396 |
41.401 |
46.664 |
|
(d) Short-term
provisions |
1.463 |
6.317 |
4.871 |
|
Total Current
Liabilities (4) |
18.859 |
47.718 |
51.535 |
|
|
|
|
|
|
TOTAL |
88.718 |
123.187 |
72.353 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.240 |
6.620 |
5.894 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.434 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
9.674 |
6.620 |
5.894 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
38.859 |
9.593 |
4.646 |
|
(d) Cash
and cash equivalents |
20.157 |
87.889 |
46.303 |
|
(e)
Short-term loans and advances |
20.028 |
19.085 |
15.510 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
79.044 |
116.567 |
66.459 |
|
|
|
|
|
|
TOTAL |
88.718 |
123.187 |
72.353 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (Gross) |
169.751 |
130.024 |
98.960 |
|
|
|
Other Income |
(2.958) |
1.520 |
(1.726) |
|
|
|
TOTAL |
166.793 |
131.544 |
97.234 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefits Expenses |
125.781 |
87.766 |
59.349 |
|
|
|
Other Expenses |
44.063 |
39.260 |
22.503 |
|
|
|
TOTAL |
169.844 |
127.026 |
81.852 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(3.051) |
4.518 |
15.382 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.418 |
0.953 |
0.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(4.469) |
3.565 |
14.732 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.380) |
1.089 |
4.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(4.089) |
2.476 |
10.041 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
22.609 |
20.133 |
10.092 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period Expenses |
1.141 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.379 |
22.609 |
20.133 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
116.460 |
104.959 |
126.081 |
|
|
TOTAL EARNINGS |
116.460 |
104.959 |
126.081 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(8.37) |
12.34 |
50.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.41) |
1.90 |
10.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.06) |
2.89 |
20.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
0.05 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.19 |
2.44 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
0.200 |
0.625 |
0.625 |
|
Reserves & Surplus |
20.134 |
74.790 |
69.560 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
20.334 |
75.415 |
70.185 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Revenue from operations (Gross) |
98.960 |
130.024 |
169.751 |
|
|
|
31.390 |
30.554 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Revenue from operations (Gross) |
98.960 |
130.024 |
169.751 |
|
Profit |
10.041 |
2.476 |
(4.089) |
|
|
10.15% |
1.90% |
(2.41%) |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
No Charges Exist for Company.
FIXED ASSETS
Tangible Assets
·
Air Conditioners
·
Computers
·
Electrical Installation
·
Furniture and Fixtures
·
Mobile
·
Office Equipment
·
Printer and Scanner
·
UPS
Intangible Assets
·
Technical Knowhow
·
Development Rights
·
Software
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.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.59
|
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
-- PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
29 |
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.