MIRA INFORM REPORT
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Report No. : |
353252 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DATAVISION SOFTWARE SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
Uchil Heights, Jagdish Nagar, Raj Bhavan Road, Aundh, Pune-411007,
Maharashtra |
|
Tel. No.: |
91-20-25690661 / 2 / 3 / 4 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
27.10.1995 |
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Com. Reg. No.: |
11-093960 |
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Capital
Investment / Paid-up Capital : |
Rs. 24.792 Million |
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|
|
CIN No.: [Company Identification
No.] |
U92114MH1995PTC093960 |
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|
|
|
IEC No.: |
3105020721 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
PAN No.: [Permanent Account No.] |
AAACD6418N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Banking Software Solution. (Confirmed by management) |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995. It
has satisfactory track. For the financial year ended 2015, the company has shown marginal
decline in its sales turnover and profit earnings. However, it has maintain
its operational activity. The company has comfortable financial base, adequate net worth
position marked by favorable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are 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
|
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Sangam Kamble |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-25690661 |
|
Date : |
04.12.2015 |
LOCATIONS
|
Registered Office/ Corporate headquarters : |
Uchil Heights, Jagdish Nagar, Raj Bhavan Road, Aundh, Pune-411007,
Maharashtra, India |
|
Tel. No.: |
91-20-25690661 / 2 / 3 / 4 |
|
Fax No.: |
91-20-25690684 |
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E-Mail : |
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|
Website : |
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|
Area : |
6740 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2015
|
Name : |
Mr. Vishwanath Manjappa Uchil |
|
Designation : |
Director |
|
Address : |
Uchil Residency, Kumar Prerna Co-op Housing Society, Aundh,
Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1948 |
|
Date of Appointment : |
27.10.1995 |
|
DIN No.: |
00360978 |
|
|
|
|
Name : |
Mrs. Vatsala Vishwanath Uchil |
|
Designation : |
Director |
|
Address : |
S. No. 158 Hissa 1/1 Kumar Prerna Villag, Uchil Residency Taluka Haveli Aundh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1951 |
|
Date of Appointment : |
31.08.2015 |
|
DIN No.: |
01434875 |
KEY EXECUTIVES
|
Name : |
Mr. Sangam Kamble |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2015
|
Names of Shareholders |
|
No. of Shares |
|
Vishwanath Uchil |
|
830360 |
|
Prakash Khanchandani |
|
395050 |
|
GIS Information Systems Private Limited, India |
|
959790 |
|
Pramod Karamchandani Jointly with Meera Karamchandani |
|
50000 |
|
Surendra Karamchandani Jointly with Vinod Karamchandani |
|
50000 |
|
Suresh Jadhav |
|
30000 |
|
Ameet Uchil |
|
51198 |
|
Supriya Uchil |
|
112800 |
|
Ameet Uchil Jointly with Ramesh Mangawde |
|
1 |
|
Ameet Uchil Jointly with Hemanti Kulkarni |
|
1 |
|
Total |
|
2479200 |
As on 30.09.2015
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
38.71 |
|
Directors or relatives of Directors |
40.11 |
|
Other top fifty shareholders |
21.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Banking Software Solution. (Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products: |
Banking Software |
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Countries : |
Dubai |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
L/C, Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
· HDFC Bank Limited, Pune, Maharashtra, India
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Facilities : |
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Auditors : |
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|
Name : |
S. S. Karachiwala and Company Chartered Accountants |
|
Address : |
Office 105, Nilkant Heights, A-1/384 Bhavani Peth, Pune-411042,
Maharashtra, India |
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Tel. No.: |
91-20-26443928 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACDPK7450M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
Nextstep Infotech Private Limited CIN No.:
U72900MH1996PTC097561 |
|
|
|
|
Associate/Joint
venture company : |
GIS Information Systems Private Limited CIN No.:
U72900MH1996PTC096526 |
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Company in which KMP can exercise significant influence : |
|
CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,479,200 |
Equity Shares |
Rs.10/- each |
Rs. 24.792
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.792 |
24.792 |
24.792 |
|
(b) Reserves & Surplus |
62.132 |
61.980 |
42.612 |
|
(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) |
86.924 |
86.772 |
67.404 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.756 |
0.756 |
3.256 |
|
(b) Deferred tax liabilities (Net) |
10.465 |
9.940 |
5.917 |
|
(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) |
11.221 |
10.696 |
9.173 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2.928 |
14.642 |
8.221 |
|
(b) Trade
payables |
3.672 |
4.829 |
15.526 |
|
(c) Other
current liabilities |
16.187 |
31.396 |
87.151 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
22.787 |
50.867 |
110.898 |
|
|
|
|
|
|
TOTAL |
120.932 |
148.335 |
187.475 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
32.674 |
53.359 |
44.382 |
|
(ii)
Intangible Assets |
23.231 |
22.448 |
24.498 |
|
(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 |
10.766 |
20.274 |
20.274 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.838 |
6.096 |
17.440 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
72.509 |
102.177 |
106.594 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
5.508 |
|
(c) Trade
receivables |
25.556 |
25.982 |
56.249 |
|
(d) Cash
and cash equivalents |
19.179 |
5.945 |
4.399 |
|
(e)
Short-term loans and advances |
3.688 |
14.231 |
14.725 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
48.423 |
46.158 |
80.881 |
|
|
|
|
|
|
TOTAL |
120.932 |
148.335 |
187.475 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
171.793 |
203.572 |
197.944 |
|
|
|
Other Income |
0.131 |
0.265 |
0.140 |
|
|
|
TOTAL (A) |
171.924 |
203.837 |
198.084 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Software and Hardware Costs |
30.541 |
44.445 |
77.722 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
5.508 |
(3.470) |
|
|
|
Employees benefits expense |
63.193 |
61.631 |
53.713 |
|
|
|
Other expenses |
30.667 |
46.990 |
49.654 |
|
|
|
Exceptional Items |
9.508 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
133.909 |
158.574 |
177.619 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
38.015 |
45.263 |
20.465 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.365 |
1.908 |
3.387 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
36.650 |
43.355 |
17.078 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
27.714 |
14.294 |
7.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
8.936 |
29.061 |
10.064 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.695 |
9.562 |
3.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.241 |
19.499 |
6.725 |
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
48.423 |
53.322 |
1.625 |
|
|
TOTAL EARNINGS |
48.423 |
53.322 |
1.625 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
0.50 |
7.87 |
2.71 |
|
Expected Sales (2015-2016) : Rs. 150.000 Million (Due to Market
Fluctuation)
The above information has been parted by Mr. Sangam Kamble (Accounts
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
32.115 |
45.363 |
NA |
|
Net cash flows from operating Activities |
28.230 |
36.222 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.72 |
9.58 |
3.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.13 |
22.23 |
10.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.11 |
22.69 |
6.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.33 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04 |
0.18 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
0.91 |
0.73 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
24.792 |
24.792 |
24.792 |
|
Reserves & Surplus |
42.612 |
61.980 |
62.132 |
|
Net
worth |
67.404 |
86.772 |
86.924 |
|
|
|
|
|
|
long-term borrowings |
3.256 |
0.756 |
0.756 |
|
Short term borrowings |
8.221 |
14.642 |
2.928 |
|
Total
borrowings |
11.477 |
15.398 |
3.684 |
|
Debt/Equity
ratio |
0.170 |
0.177 |
0.042 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
197.944 |
203.572 |
171.793 |
|
|
|
2.843 |
(15.611) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
197.944 |
203.572 |
171.793 |
|
Profit |
6.725 |
19.499 |
1.241 |
|
|
3.40% |
9.58% |
0.72% |
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 |
Yes |
|
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) |
Yes |
|
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 |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
28] |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS:
Total income from operations for the current year 2014-15 is Rs.171.793 Million as compared to Rs.203.572 Million in the previous year 2013-14 showing a decline of15.61%. PBT for the current year is Rs.8.936 Million as compared to Rs.29.061 Million in the previous year registering a fall of 69.25%. PAT for the current year is Rs.1.241 Million as compared to Rs.19.499 Million in the previous year falling by 93.64%.
FUTURE PROSPECTS :
The Company is trying to promote its DATAMATE software in Middle East and other countries. The results are encouraging and in coming years exports are being envisaged which would add the revenues by 20%.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Other loans and Advances |
|
|
|
DSK Digitall Technologies Private Limited |
0.756 |
0.756 |
|
Short-term
borrowings |
|
|
|
Loans repayable on
demand From banks |
|
|
|
Ahmednagar District Central Co-Operative Bank Limited |
1.500 |
3.218 |
|
Loans
and advances from related Parties |
|
|
|
Ameet Uchil |
0.000 |
0.152 |
|
Nextstep Infotech Private Limited |
0.000 |
4.753 |
|
Total |
2.256 |
8.879 |
INDEX
OF CHARGES NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
v Tangible Assets
- Data Processing Equipments
- Furniture and fittings
- Vehicles
- Office Equipments
- Electrical Installations
- Software
v Intangible Assets
- Datamate Software
- Riskmate 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.66.74 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.