MIRA INFORM REPORT
|
Report No. : |
337746 |
|
Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA MEDIA NETWORK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401, Aggarwal Corporate Heights, Netaji Subhash Place, Pitampura, New
Delhi – 110034, Delhi |
|
Tel. No.: |
91-11- 49764400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.05.2009 |
|
|
|
|
Com. Reg. No.: |
55-190677 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.140 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2009PTC190677 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA8172B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing constancy services in the field television telecasting and broadcasting
stations. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 : |
Subject is an established company having moderate track record. For the financial year ended 2014, the company has reported minimal
revenue with huge losses incurred from its operations. Further, rating is constrained on account of company’s weak financial
base marked by negative reserves level and leverage balance sheet profile of
the company. As per the status in the registrar of companies, business appears to
be active. Payments are reported to be unknown. In view of the aforesaid, the company can be considered for business
dealings 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Kajal |
|
Designation : |
Office Executive |
|
Contact No.: |
91-11-49764400 |
|
Date : |
22.08.2015 |
LOCATIONS
|
Registered Office : |
401, Aggarwal Corporate Heights, Netaji Subhash Place, Pitampura, New
Delhi – 110034, Delhi, India |
|
Tel. No.: |
91-11- 49764400 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mrs. Pallavi Gupta |
|
Designation : |
Director |
|
Address : |
Du-97, Pitampura, New Delhi-110034, Delhi, India |
|
Date of Birth/Age : |
13.12.1981 |
|
Date of Appointment : |
11.02.2013 |
|
DIN No.: |
02491227 |
|
|
|
|
Name : |
Mr. Daya Nath Dubey |
|
Designation : |
Additional Director |
|
Address : |
S-624, School Block, Shakarpur, Delhi-110092, Delhi, India |
|
Date of Appointment : |
16.05.2015 |
|
DIN No.: |
07186725 |
KEY EXECUTIVES
|
Name : |
Ms. Kajal |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Gupta |
|
209979 |
|
Pallavi Gupta |
|
74000 |
|
Sharda Gupta |
|
10000 |
|
S. P. Gupta |
|
10000 |
|
Zever Tower Private Limited, India |
|
75000 |
|
Sonal Gupta |
|
20000 |
|
Shree Hari Overseas Private Limited, India |
|
175000 |
|
NTG Builders Private Limited, India |
|
30000 |
|
Josh Infratech Private Limited, India |
|
230000 |
|
Josh Aerojet Services Private Limited, India |
|
800000 |
|
Upvan Leasing Private Limited, India |
|
100000 |
|
Ganesh Ganga Investment Private Limited, India |
|
80000 |
|
S D Vohra Leasing and Finance Private Limited, India |
|
500000 |
|
Elevate Portfolio Management Private Limited, India |
|
300000 |
|
Genius Portfolio Management Private Limited, India |
|
300000 |
|
Manomay Food and Beverages Private Limited, India |
|
1000000 |
|
Kdk Food Grains Private Limited, India |
|
500000 |
|
A2s It Services and Parks Private Limited, India |
|
500000 |
|
Pigeon Infrareality Private Limited, India |
|
400000 |
|
First and Ideal Builders Private Limited, India |
|
100000 |
|
Neeraj Kumar Gupta |
|
10 |
|
Sailesh Goyal |
|
10 |
|
Ravinder Sharma |
|
1 |
|
Total |
|
5414000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
94.02 |
|
Directors or relatives of Directors |
5.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing constancy services in the field television telecasting and
broadcasting stations. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Ashok K Goyal and Associates Chartered Accountants |
|
Address : |
BIII/217, The Mall, Goniana Mandi, Bhatinda-151201, Punjab, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AERPG8174Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 55.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,414,000 |
Equity Shares |
Rs.10/- each |
Rs. 54.140
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 |
54.140 |
54.140 |
54.140 |
|
(b) Reserves & Surplus |
(3.382) |
(2.372) |
(1.053) |
|
(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) |
50.758 |
51.768 |
53.087 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.316 |
17.928 |
26.589 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
14.316 |
17.928 |
26.589 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
1.288 |
1.288 |
|
(b) Trade
payables |
0.019 |
0.000 |
0.038 |
|
(c) Other
current liabilities |
0.242 |
0.421 |
0.830 |
|
(d) Short-term
provisions |
0.019 |
0.019 |
0.019 |
|
Total Current
Liabilities (4) |
0.280 |
1.728 |
2.175 |
|
|
|
|
|
|
TOTAL |
65.354 |
71.424 |
81.851 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.608 |
3.856 |
4.137 |
|
(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 |
5.255 |
5.456 |
7.355 |
|
(c) Deferred tax assets (net) |
0.681 |
0.696 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.119 |
0.159 |
0.000 |
|
Total Non-Current
Assets |
9.663 |
10.167 |
11.492 |
|
|
|
|
|
|
(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 |
0.229 |
|
(d) Cash
and cash equivalents |
0.418 |
1.584 |
0.843 |
|
(e) Short-term
loans and advances |
55.273 |
59.673 |
68.573 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.714 |
|
Total
Current Assets |
55.691 |
61.257 |
70.359 |
|
|
|
|
|
|
TOTAL |
65.354 |
71.424 |
81.851 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.436 |
0.069 |
1.834 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1.182 |
1.089 |
2.109 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.746) |
(1.020) |
(0.275) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.248 |
0.281 |
0.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(0.994) |
(1.301) |
(0.861) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.016 |
0.017 |
(0.417) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(1.010) |
(1.318) |
(0.444) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.19) |
(0.24) |
(0.08) |
|
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(231.65) |
(1910.14) |
(24.21) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(171.10) |
(1478.26) |
(14.99) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.67) |
(1.99) |
(1.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(0.03) |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28 |
0.37 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
198.90 |
35.45 |
32.35 |
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 |
54.140 |
54.140 |
54.140 |
|
Reserves & Surplus |
(1.053) |
(2.372) |
(3.382) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
53.087 |
51.768 |
50.758 |
|
|
|
|
|
|
long-term borrowings |
26.589 |
17.928 |
14.316 |
|
Short term borrowings |
1.288 |
1.288 |
0.000 |
|
Total
borrowings |
27.877 |
19.216 |
14.316 |
|
Debt/Equity
ratio |
0.525 |
0.371 |
0.282 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1.834 |
0.069 |
0.436 |
|
|
|
(96.238) |
531.884 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1.834 |
0.069 |
0.436 |
|
Profit |
(0.444) |
(1.318) |
(1.010) |
|
|
(24.21%) |
(1910.14%) |
(231.65%) |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from 606, DDA Community Centre, Sachdeva Corporate Tower, Plot No. 8, 6th floor Sector 8 Rohini, New Delhi – 110085, India to the present address w.e.f. 01.04.2011
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
8.912 |
9.649 |
|
Loans and advances from related parties |
5.376 |
8.150 |
|
Other loans and advances |
0.027 |
0.128 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Deposits from others |
0.000 |
1.288 |
|
|
|
|
|
Total |
14.315 |
19.215 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10577870 |
25/05/2015 |
75,000,000.00 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - 110054, INDIA |
C57449985 |
|
2 |
10346841 |
14/10/2013 * |
203,500,000.00 |
INDIAN OVERSEAS BANK |
RAJENDRA PLACE BRANCH, RACHNA CINEMA BUILDING, 1ST FLOOR,2, RAJENDRA PLACE, NEW DELHI, DELHI, Delhi - 110008, INDIA |
B90942392 |
* Date of charge modification
FIXED ASSETS
· Land
· Furniture and fixtures
· Buildings
· Vehicles
· Office equipment
· Plant and Machinery
· Computer
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.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.53.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
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 |
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 |
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.