MIRA INFORM REPORT
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Report No. : |
357584 |
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Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
VECTOR PROJECTS (INDIA) PRIVATE LIMITED (w. e. f. 21.07.2005) |
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Formerly Known
As : |
VECTOR MODULAR SYSTEM (INDIA) PRIVATE LIMITED (w. e. f. 05.11.2003) V3 INTERIORS (INDIA) PRIVATE LIMITED |
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Registered
Office : |
4th Floor, Vector House, L.B.S. Marg, Near Asian Paints
Limited, Bhandup (West), Mumbai – 400078, Maharashtra |
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Tel. No.: |
91-22-67552894 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.12.2001 |
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Com. Reg. No.: |
11-134091 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 Million |
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CIN No.: [Company Identification
No.] |
U20299MH2001PTC134091 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Office Furniture and undertaking Turnkey
Projects. [From
Indirect Sources] |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 : |
Exist |
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Comments : |
Subject was established in the year 2001 and it provides interior designing, modular furniture, networking, and other civil contracting services. Rating continue to reflect company’s stable business profile supported by its promoters' extensive industry experience, its established market position in the interior decoration business, and its well-diversified customer profile. The ratings also factor in the company's above-average financial profile marked by sound net worth base and moderate debt coverage indicators. Rating strengths is partially offset by company's working-capital-intensive operations and its exposure to risks related to the intense competition in the renovation and interior design service industry. Trade relations are reported as fair. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition. Note: Management of the company has not filed its financial with government department for the year 2015 and same are not available from any sources. |
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 |
CRISIL RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
March 31, 2015 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
March 31, 2015 |
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 DENIED BY
|
Name : |
Ms. Sujata |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-67552894 |
|
Date : |
30.12.2015 |
LOCATIONS
|
Registered Office : |
4th Floor, Vector House, L.B.S. Marg, Near Asian Paints
Limited, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
Tel. No.: |
91-22-67552893/ 94/ 95 |
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Fax No.: |
91-22-67552896/ 64552859 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2015
|
Name : |
Mr. Umesh Prabhakar Rao |
|
Designation : |
Director |
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Address : |
803, Marathon Galaxy, L.B.S. Marg, Mulund (West), Mumbai-400080, Maharashtra, India |
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Date of Birth/Age : |
22.03.1962 |
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Date of Appointment : |
14.01.2004 |
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DIN No.: |
00080552 |
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|
|
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Name : |
Mr. Rajesh Umesh Lad |
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Designation : |
Whole-time director |
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Address : |
401, Prachi Apartments, 133 Model Town, Pratap Nagar, Andheri-(West), Mumbai-400053, Maharashtra, India |
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Date of Birth/Age : |
29.09.1967 |
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Date of Appointment : |
03.12.2001 |
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DIN No.: |
00087258 |
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|
|
|
Name : |
Mr. Shrikanth Raju Kuchimanchi |
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Designation : |
Director |
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Address : |
104 Marathon Galaxy , 2 Near Ashok, Industrial Area , Mulund (West), Mumbai – 400080, Maharashtra, India |
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Date of Birth/Age : |
31.08.1971 |
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Date of Appointment : |
06.06.2008 |
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DIN No.: |
02178027 |
KEY EXECUTIVES
|
Name : |
Ms. Sujata |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20357584_MIRA%2031-Dec-2015_files/image010.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Office Furniture and undertaking Turnkey
Projects. [From
Indirect Sources] |
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|
Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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 the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Sanjay C. Shah and Associates Chartered Accountant |
|
Address : |
B/3, Om Joshi Apartment, Lallubhai Park Road, Andheri (West), Mumbai –
400058, Maharashtra, India |
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PAN No.: |
AAAFS1234C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises that
have a member of key management in common with the reporting enterprise : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 50.000
Millions |
|
|
|
|
|
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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
446.507 |
380.048 |
303.049 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
496.507 |
430.048 |
353.049 |
|
|
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
118.042 |
134.719 |
156.605 |
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(b) Deferred tax liabilities (Net) |
24.916 |
21.109 |
16.759 |
|
(c) Other long term
liabilities |
57.070 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
200.028 |
155.828 |
173.364 |
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(4)
Current Liabilities |
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|
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|
(a) Short
term borrowings |
624.456 |
513.271 |
504.887 |
|
(b) Trade
payables |
328.359 |
284.247 |
316.644 |
|
(c) Other
current liabilities |
69.421 |
57.926 |
50.674 |
|
(d) Short-term
provisions |
2.175 |
2.900 |
0.000 |
|
Total Current
Liabilities (4) |
1024.411 |
858.344 |
872.205 |
|
|
|
|
|
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TOTAL |
1720.946 |
1444.220 |
1398.618 |
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II.
ASSETS |
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|
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(1)
Non-current assets |
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|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
328.762 |
267.613 |
258.358 |
|
(ii)
Intangible Assets |
0.006 |
0.037 |
0.075 |
|
(iii)
Capital work-in-progress |
109.148 |
9.639 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
14.748 |
15.469 |
8.780 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
56.063 |
39.514 |
48.725 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
508.727 |
332.272 |
315.938 |
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
169.836 |
175.014 |
208.799 |
|
(c) Trade
receivables |
881.346 |
784.999 |
769.054 |
|
(d) Cash
and cash equivalents |
68.563 |
70.374 |
22.743 |
|
(e)
Short-term loans and advances |
88.607 |
80.373 |
59.956 |
|
(f) Other
current assets |
3.867 |
1.188 |
22.128 |
|
Total
Current Assets |
1212.219 |
1111.948 |
1082.680 |
|
|
|
|
|
|
TOTAL |
1720.946 |
1444.220 |
1398.618 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
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|
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TOTAL |
NA |
NA |
NA |
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|
Less |
EXPENSES |
|
|
|
|
|
|
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TOTAL |
NA |
NA |
NA |
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|
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|
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
110.883 |
136.005 |
100.168 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
44.424 |
55.381 |
38.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
66.459 |
80.624 |
61.469 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
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|
|
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|
|
PROFIT/
(LOSS) AFTER TAX |
66.459 |
80.624 |
61.469 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
380.047 |
303.048 |
241.579 |
|
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|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
446.507 |
380.047 |
303.048 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
132.92 |
161.25 |
122.94 |
|
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 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.16 |
5.68 |
4.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.19 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.50 |
1.51 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.30 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
303.049 |
380.048 |
446.507 |
|
Net
worth |
353.049 |
430.048 |
496.507 |
|
|
|
|
|
|
long-term borrowings |
156.605 |
134.719 |
118.042 |
|
Short term borrowings |
504.887 |
513.271 |
624.456 |
|
Total
borrowings |
661.492 |
647.990 |
742.498 |
|
Debt/Equity
ratio |
1.874 |
1.507 |
1.495 |
%20PRIVATE%20LIMITED%20-%20357584_MIRA%2031-Dec-2015_files/image012.gif)
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 03/06/2014 |
|
|
|
Main
Matter Reg. No.:- ARBPL/860/2014
Reg. Date :- 02/072014 |
|
Petitioner: EPICENTER TECHNOLOGIES PVT. LTD-
Respondent: VECTOR PROJECTS (I) PVT.LTD.- Petn. Adv : DSK LEGAL (0)
Resp. Adv.:- NAHUSH SHAH LEGAL AND
SURENKUMAR District: MUMBAI |
|
Bench: SINGLE Status: PRE-ADMISSION
Category: ARBITRATION ACT. Next Date:- 08/01/2016
Last Date: 21/10/2015 Stage:
ARBP FOR ADMISSION - FRESH Last Coram: HON’BLE SHRI JUSTICE R.D. DHANUKA |
|
Act: Arbitration and Conciliation Act 1996 UNDER SECTION: 34 |
%20PRIVATE%20LIMITED%20-%20357584_MIRA%2031-Dec-2015_files/image005.gif){kind=small}
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10522260 |
30/07/2014 |
50,000,000.00 |
THE TJSB SAHAKARI BANK LTD. |
SHOP NO. 1, 2 &
3, SHAKTI SHOPPING ARCADE CHS,, LBS ROAD, BHANDUP (W), MUMBAI, Maharashtra –
400078, |
C22800098 |
|
2 |
10515696 |
27/06/2014 |
97,500,000.00 |
The Shamrao Vithal Co-operative Bank Limited |
Sabnis Niwas, Gr.
& 1st Floor, RHB Road,, Mulund |
C16178485 |
|
3 |
10509554 |
23/05/2014 |
8,600,000.00 |
SVC Bank Ltd. |
G-1,6,7,8, Ganesh Kripa,, RHB Road, Mulund (West), Mumbai, Maharashtra - 400080, INDIA |
C11711413 |
|
4 |
10489201 |
07/04/2014 |
97,500,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
THE SHAMRAO VITHAL CO-OP. BANK LTD., RHB Road, Mulund (W), Mumbai, Maharashtra - 400080, INDIA |
C03109998 |
|
5 |
10489200 |
05/04/2014 |
41,250,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
THE SHAMRAO VITHAL
CO-OP. BANK LTD., Mulund (W), |
C03109394 |
|
6 |
10304142 |
18/08/2011 |
4,200,000.00 |
The Thane Janata Sahakari Bank Limited |
SHOP NO. 1, 2 &
3, SHAKTI SHOPPING ARCADE CHS, LB |
B19601095 |
|
7 |
10266130 |
08/03/2014 * |
70,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
SHOP NOS. 1 TO 3,
SHAKTI SHOPPING ARCADE CHS,, LB |
C05914940 |
|
8 |
10246109 |
29/11/2014 * |
800,000,000.00 |
State Bank of India |
Sir P.M. Road Branch, Grasham House,, Ground floor, Sir P.M. Road, Fort,, Mumbai, Maharashtra - 400001, INDIA |
C39493929 |
|
9 |
10057673 |
02/06/2007 |
5,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1,6,7,8, Ganesh Kripa, RHB Road, Mulund (W), Mumbai, Maharashtra - 400080, INDIA |
A17711847 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
91.209 |
93.518 |
|
|
|
|
|
Total |
91.209 |
93.518 |
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 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. 66.37 |
|
UK Pound |
1 |
Rs. 98.91 |
|
Euro |
1 |
Rs. 72.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
4 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
43 |
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.