MIRA INFORM REPORT
|
Report No. : |
336392 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MICROLINE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mansi Krupa, Flat No. 001 and 002, Building No. "A", C.T.S.
No. 1053, Shivajinagar, Pune – 411016, Maharashtra |
|
Tel. No.: |
91-20-41061300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.01.1996 |
|
|
|
|
Com. Reg. No.: |
096678 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.613 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH1996PTC096678 |
|
|
|
|
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 of Computer Peripherals and also providing IT Solutions. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Company has reported some improvement in its profit in FY14 over
previous year. However, minimal reserve level of the company indicates
moderate financial risk profile. However, trade relations are fair. Business is active. Payment terms
are reported as 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 – 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 DENIED
Management non co-operative
Contact No.: 91-20-41061300
LOCATIONS
|
Registered Office / Head Office: |
Mansi Krupa, Flat No. 001 and 002, Building No. "A", C.T.S.
No. 1053, Shivajinagar, Pune – 411016, Maharashtra, India |
|
Tel. No.: |
91-20-41061300 |
|
Fax No.: |
91-20-41061301 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
Eucharistic Congress Building No.2, 2nd Floor, 5 Convent
Street, Colaba, Mumbai – 400005, Maharashtra, India |
|
Tel. No.: |
91-22-22838351/ 22040293/ 22040291 |
|
Fax No.: |
91-22-22838361 |
|
|
|
|
Branch Office 2 : |
Office No. 10, 12th Cross, Indranagar, 1st
Stage, Bangalore – 560038, Karnataka, India |
|
Tel. No.: |
91-80-41207731 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Sadanand Bhalchandra Sule |
|
Designation : |
Director |
|
Address : |
Bunglow No.2, 1st
Floor, Silver Oak Estate, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
03.09.1963 |
|
Date of Appointment : |
13.09.2006 |
|
DIN No.: |
00622248 |
|
|
|
|
Name : |
Mr. Devanand Veerabhadra |
|
Designation : |
Director |
|
Address : |
Flat No. 101,
1st Floor, Anant Building, Plot No. 88 (2), Sector 29, Vashi, Navi Mumbai –
400703, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1961 |
|
Date of Appointment : |
08.08.2008 |
|
DIN No.: |
00622289 |
|
|
|
|
Name : |
Mr. Pradip Vasant Dubhashi |
|
Designation : |
Director |
|
Address : |
B - 29,
Abhimaanshree Housing Society, Pashan Road, Pune – 411008, Maharashtra, India
|
|
Date of Birth/Age : |
25.08.1948 |
|
Date of Appointment : |
06.04.1999 |
|
DIN No.: |
01445030 |
KEY EXECUTIVE
|
Name : |
Chandanbala Jain and Associates |
|
Designation : |
Practicing Company Secretaries |
|
Address : |
3, 1st
Floor, 20/24 Morarji Velji Building, Dr. M B Velkar Street (Kolbhat Lane), Chitra
Bazar, Mumbai – 400002, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anuja Divekar |
|
30000 |
|
Archana Kulkarni |
|
10 |
|
Mandakini Dhopate |
|
10 |
|
Pradumna Dhopate |
|
10 |
|
Chitra Gholkar |
|
10 |
|
Vijay Gholkar |
|
10 |
|
Nirmala Gholkar |
|
10 |
|
Nitin Gholkar |
|
10 |
|
G. Dhopte |
|
10 |
|
Padmaja Panchwadkar |
|
10 |
|
Laguna International Private Limited, Singapore |
|
75000 |
|
Radiant Tradevest Private Limited, India |
|
534200 |
|
Nishant Finance and Trading Private Limited, India |
|
86370 |
|
Aniruddha Deshpande |
|
39000 |
|
Nimbus Investments Limited, Mauritius |
|
530000 |
|
Vision-IT Education India Private Limited, India |
|
666666 |
|
Total |
|
1961326 |
AS ON 30.03.2015
|
Names of Allottee |
|
No. of Shares |
|
Vision-IT Education India Private Limited, India |
|
433334 |
|
Total |
|
433334 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
27.02 |
|
Bodies corporate |
69.46 |
|
Other top fifty shareholders |
3.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals and also providing IT Solutions. |
|
|
|
|
Products / Services: |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Maheshwari Kanthalia Rana and Company Chartered Accountants |
|
Address : |
109/112/114/136, Ostwal Ornate, Buildiing No.2, Jesal Park, Bhayander
(East), Thane – 401105, Maharashtra, India |
|
PAN No.: |
AANFM6125H |
|
|
|
|
Memberships : |
--- |
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Collaborators : |
-- |
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Related Enterprises : |
|
CAPITAL STRUCTURE
AFTER 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,394,660 |
Equity Shares |
Rs.10/- each |
Rs.23.947 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,961,326 |
Equity Shares |
Rs.10/- each |
Rs.19.613 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 |
19.613 |
12.947 |
12.947 |
|
(b) Reserves &
Surplus |
8.843 |
2.926 |
2.244 |
|
(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) |
28.456 |
15.873 |
15.191 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.029 |
0.158 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.361 |
0.168 |
0.138 |
|
Total Non-current
Liabilities (3) |
0.390 |
0.326 |
0.138 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
36.342 |
26.929 |
21.368 |
|
(b) Trade payables |
5.078 |
12.466 |
14.047 |
|
(c) Other current
liabilities |
6.047 |
9.085 |
6.724 |
|
(d) Short-term provisions |
0.000 |
0.012 |
0.115 |
|
Total Current Liabilities
(4) |
47.467 |
48.492 |
42.254 |
|
|
|
|
|
|
TOTAL |
76.313 |
64.691 |
57.583 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.235 |
4.568 |
4.266 |
|
(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 |
6.012 |
6.518 |
6.518 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.220 |
|
(d) Long-term Loan and Advances |
1.862 |
1.799 |
4.290 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.014 |
|
Total Non-Current Assets |
12.109 |
12.885 |
15.308 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.293 |
1.839 |
3.296 |
|
(c) Trade receivables |
46.686 |
39.137 |
33.057 |
|
(d) Cash and cash
equivalents |
8.802 |
3.923 |
4.316 |
|
(e) Short-term loans and
advances |
5.402 |
4.940 |
1.597 |
|
(f) Other current assets |
0.021 |
1.967 |
0.009 |
|
Total Current Assets |
64.204 |
51.806 |
42.275 |
|
|
|
|
|
|
TOTAL |
76.313 |
64.691 |
57.583 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.662 |
1.120 |
3.378 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.079 |
0.438 |
1.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.583 |
0.682 |
1.980 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.105 |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase (High Sea Sale ) |
2.039 |
0.974 |
12.179 |
|
|
TOTAL IMPORTS |
2.039 |
0.974 |
12.179 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.99 |
0.53 |
1.53 |
|
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 flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.63 |
1.93 |
6.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.07 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.28 |
1.70 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.07 |
1.00 |
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 |
12.947 |
12.947 |
19.613 |
|
Reserves & Surplus |
2.244 |
2.926 |
8.843 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
15.191 |
15.873 |
28.456 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
21.368 |
26.929 |
36.342 |
|
Total borrowings |
21.368 |
26.929 |
36.342 |
|
Debt/Equity ratio |
1.407 |
1.697 |
1.277 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
From Related
Parties |
|
|
|
Others |
0.000 |
5.000 |
|
Total |
0.000 |
5.000 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10260762 |
25/04/2014 * |
50,000,000.00 |
BANK OF BARODA |
BALLARD ESTATE BRANCH, ORIENT HOUSE,, ADI MARZBAN |
C03713039 |
|
2 |
10056170 |
12/06/2007 |
525,000.00 |
ORIENTAL BANK OF COMMERCE |
917-20/20A OBC TOWER, F.C. ROAD, PUNE, MAHARASHTR |
A16887333 |
|
3 |
90085174 |
09/11/2001 * |
10,000,000.00 |
GLOBAL TRUST BANK LTD. |
S.N. NO. 917/20-A, PERGUSSON COLLEGE ROAD, PUNE, |
- |
|
4 |
90090723 |
29/06/1998 * |
1,500,000.00 |
BANK OF INDIA |
65/1B; ERANDWANE, NAL STOP; KARVE ROAD, PUNE, MAH |
- |
* Date of charge modification
FINANCIAL RESULTS
The net profit for the year amounted to
Rs.2.583 Million as compared of Rs.0.682 in the previous year after provision
for taxes of Rs.2.079 Million (previous year Rs.0.438 Million).
NOTE
The registered office of the company has been
shifted from Butte Patil Classic, 94/16, Prabhat Road, Pune - 411004,
Maharashtra, India to the present address w.e.f. 07.07.2009.
FIXED ASSETS
Tangible assets
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Electrical Installation
- Computer
Intangible assets
- Computer
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.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
35 |
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.