MIRA INFORM REPORT
|
Report No. : |
335113 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROCKLINE SHOPPING MALL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
96, Dr. Rajkumar Road, Rajaji Nagar, Bangalore -560010, Karnataka |
|
Mobile No.: |
91-8105605165 (Mr. Charles Cheeramkuzhi Jose) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.07.2006 |
|
|
|
|
Com. Reg. No.: |
08-039862 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209KA2006PTC039862 |
|
|
|
|
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
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated during the year 2006. The company is yet to commence its commercial operations as the company's project (Commercial Shopping Mall) is under construction. Mr. Charles Cheeramkuzhi Jose (Director) has denied to disclose any information to us. As per Director's Report, it is mentioned that the construction work of commercial shopping mall at Mysore is progressing well. It is expected that construction work will be completed within a reasonable time and company can generate income in the near future. The company has incurred a loss of Rs.0.335 Million due to pre-operative expense. External Borrowings of the company seems to be huge during FY 2014. However, Business is active as per the status shown in the Registrar of Companies. Payment terms are unknown. The company can be considered for business dealing on safe and secured 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Charles Cheeramkuzhi Jose |
|
Designation : |
Director |
|
Contact No.: |
91-8105605165 |
|
Date : |
01.08.2015 |
LOCATIONS
|
Registered Office : |
96, Dr. Rajkumar Road, Rajaji Nagar, Bangalore -560010, Karnataka,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8105605165 (Mr. Charles Cheeramkuzhi Jose) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Busharabi |
|
Designation : |
Director |
|
Address : |
Koyammadakath House, P O Madayi, Kannur - 670304, Kerala,
India |
|
Date of Birth/Age : |
22.03.1978 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
02742984 |
|
|
|
|
Name : |
Mr. Mammayil Thekka Purayil Abdul Samed |
|
Designation : |
Director |
|
Address : |
Mammayil Thekkapurayil House, Po Mattool, Kannur - 670302,
Kerala, India |
|
Date of Birth/Age : |
25.05.1968 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
03029508 |
|
|
|
|
Name : |
Mr. Justin Kottukappally George |
|
Designation : |
Director |
|
Address : |
Kottukapillil House, Vilamana, Madathil Po Iritty, Thalassery
- 670703, Kerala, India |
|
Date of Birth/Age : |
22.10.1967 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
03133904 |
|
|
|
|
Name : |
Mini Justine Kottukapillil |
|
Designation : |
Director |
|
Address : |
Kottukapillil House, Vilamana, Madathil Po Iritty,
Thalassery - 670703, Kerala, India |
|
Date of Birth/Age : |
05.07.1973 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
05177292 |
|
|
|
|
Name : |
Mr. Thaiyil Thaikandi Abdul Rafeeque |
|
Designation : |
Director |
|
Address : |
Aysha Manzil, Mooriyad Po, Kuthuparamba, Thalassery,
Kannur - 670643, Kerala, India |
|
Date of Birth/Age : |
26.06.1968 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
05188754 |
|
|
|
|
Name : |
Mr. Charles Cheeramkuzhi Jose |
|
Designation : |
Director |
|
Address : |
Flat No-101,1st Flr,Arahant Chs,Kolikalyan Village,
Yashwant Nagar Road, Vakola,Santacruz(East), Mumbai - 400055, Maharashtra,
India |
|
Date of Birth/Age : |
16.03.1964 |
|
Date of Appointment : |
20.12.2012 |
|
DIN No.: |
06444028 |
|
|
|
|
Name : |
Mr. Haris Koroth Thaikandy |
|
Designation : |
Director |
|
Address : |
Aysha Manzil, Mooriyad Po, Kuthuparamba - 670643, Kerala,
India |
|
Date of Appointment : |
20.03.2015 |
|
DIN No.: |
06642258 |
|
|
|
|
Name : |
Sirajuddeen Paramban Valappil |
|
Designation : |
Additional director |
|
Address : |
Paramban Valappil House, Mooriyad Post Kuthuparamba Via,
Kannur - 670643, Kerala, India |
|
Date of Appointment : |
02.02.2015 |
|
DIN No.: |
07053622 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mammayil Thekka Purayil Abdul Samed |
20250 |
22.50 |
|
Busharabi |
22500 |
25.00 |
|
Justin Kottukappally George |
9000 |
10.00 |
|
Thaiyil Thaikandi Abdul Rafeeque |
16200 |
18.00 |
|
Mini Justine Kottukapillil |
8100 |
9.00 |
|
Charles Cheeramkuzhi Jose |
12150 |
13.50 |
|
Sirajuddeen Paramban Valappil |
1800 |
2.00 |
|
Total |
90000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
98.00 |
|
Other top fifty shareholders |
2.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Jacob and George Chartered Accountant |
|
Address : |
BB Complex, South Bazar, Kannur – 670002, Kerala, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFJ0813E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
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 |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
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 |
0.900 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
(0.591) |
(0.256) |
(0.105) |
|
(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) |
0.309 |
(0.156) |
(0.005) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
79.124 |
37.485 |
5.700 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
23.240 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
102.364 |
37.485 |
5.700 |
|
|
|
|
|
|
(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 |
3.988 |
0.816 |
0.010 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
3.988 |
0.816 |
0.010 |
|
|
|
|
|
|
TOTAL |
106.661 |
38.145 |
5.705 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.182 |
0.129 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
97.592 |
31.224 |
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 |
4.888 |
4.888 |
4.888 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
102.662 |
36.241 |
4.888 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
3.289 |
1.308 |
0.817 |
|
(e) Short-term loans and
advances |
0.710 |
0.596 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3.999 |
1.904 |
0.817 |
|
|
|
|
|
|
TOTAL |
106.661 |
38.145 |
5.705 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
INCOME |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Pre-Operative Expenses Written
off |
0.294 |
0.120 |
0.058 |
|
|
TOTAL
|
0.294 |
0.120 |
0.058 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.294) |
(0.120) |
(0.058) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.041 |
0.031 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(0.335) |
(0.151) |
(0.058) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(0.335) |
(0.151) |
(0.058) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(33.50) |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.69) |
(2.18) |
(1.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.08) |
0.97 |
11.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
256.06 |
(240.29) |
(1140.00) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
2.33 |
81.70 |
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 |
0.100 |
0.100 |
0.900 |
|
Reserves & Surplus |
(0.105) |
(0.256) |
(0.591) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(0.005) |
(0.156) |
0.309 |
|
|
|
|
|
|
long-term borrowings |
5.700 |
37.485 |
79.124 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.700 |
37.485 |
79.124 |
|
Debt/Equity
ratio |
(1,140.000) |
(240.288) |
256.065 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
PROSPECTS
The construction work of commercial shopping mall at Mysore is progressing well. It is expected that Construction work will be completed within a reasonable time and company can generate income in the near future.
FINANCIAL PERFORMANCE
During the year company incurred a loss of Rs.0.335 Million due to Pre-operative expenses.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Director |
|
|
|
Abdul Rafeeque |
14.013 |
8.100 |
|
Busharabi |
20.100 |
1.500 |
|
M T P Abdul Samad |
18.723 |
13.000 |
|
Justin K George |
19.185 |
8.400 |
|
Mini Justin |
0.519 |
0.600 |
|
Loan from Share
Holders Haris K T - Brother of Director |
4.176 |
3.976 |
|
Loan from
Director's Relative |
|
|
|
Ashkar Assoohaji - Brother of Director |
1.908 |
1.909 |
|
Nasirudheen Koroth - Brother of Director |
0.500 |
0.000 |
|
Total |
79.124 |
37.485 |
FIXED ASSETS
- Computer and Accessories
- Furniture and Fittings
- Ups
- Network Equipment
- Mobile Phone
- Commercial Complex - At Mysore
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.