MIRA INFORM REPORT
|
Report No. : |
309066 |
|
Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACE DATA DEVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
I-132, Kirti Nagar, New Delhi - 110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
16.04.1996 |
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|
|
|
Com. Reg. No.: |
55-078193 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72501DL1996PTC078193 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA14604C |
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PAN No.: [Permanent Account No.] |
AABCA1094L |
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Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Service Provider of software packages, system integration, IT solution service, data recovery services. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 64000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 : |
Mr. Bipin Sharma |
|
Designation : |
Accountant |
|
Contact No.: |
91-8010055681 |
|
Date : |
21.02.2015 |
LOCATIONS
|
Registered Office : |
I-132, Kirti Nagar, New Delhi – 110015, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8010055681 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Head Office : |
678, 2ND Floor, Udyog Vihar, Phase-V,
Gurgaon - 122002, Haryana, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Anuj Mediratta |
|
Designation : |
Director |
|
Address : |
I-132, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
02.12.1972 |
|
Date of Appointment : |
17.04.1996 |
|
PAN No.: |
|
|
DIN No.: |
00143324 |
|
|
|
|
Name : |
Neeraj Mediratta |
|
Designation : |
Director |
|
Address : |
I-132, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
07.06.1970 |
|
Date of Appointment : |
16.09.1997 |
|
DIN No.: |
00143790 |
|
|
|
|
Name : |
Kamlesh Mediratta |
|
Designation : |
Director |
|
Address : |
I-132, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
28.10.1946 |
|
Date of Appointment : |
17.04.1996 |
|
DIN No.: |
00143759 |
KEY EXECUTIVES
|
Name : |
Mr. Bipin Sharma |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Amitabh |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anuj Mediratta |
|
22,500 |
|
Neeraj Mediratta |
|
22,500 |
|
Kamlesh Mediratta |
|
5,000 |
|
|
|
|
|
Total |
|
50,000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of software packages, system integration, IT solution service, data recovery services. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Corporation Bank, Vikrant Tower, Rajendra Place, New Delhi - 110008, India |
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Facilities : |
NOTE: Long-term
Borrowings Rs.19.560 Millions loans from banks are secured against first charge on
plant and machinery and entire movable assets of the company except vehicle
and other assets in specific by other banks and under their exclusive charge.
Further secured by mortgage over residential building at plot no.I-132, Kirti
Nagar, New Delhi and with collateral security of immovable property belonging
to the directors and personal guarantee of the all directors of the company. Rs.2.229 Million from term loans from Bank is secured against
hypothecation of respective vehicle under finance. Rs.1.958 Millions loans from banks are secured against first charge on
plant and machinery and entire movable assets of the company except vehicle
and other assets in specific by other banks and under their exclusive charge
and with collateral security of immovable property belonging to the directors
and further supported by personal guarantees of all directors of the company.
Short-term
borrowings Rs.4.998 Millions working capital loans from banks are secured against
hypothecation of entire stock/book debts (Present and Future) with collateral
security of immovable property belonging to the directors and further
supported by personal guarantees of all directors. |
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Banking
Relations : |
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|
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Auditors : |
|
|
Name : |
Gupta Sharma and Srivastava Chartered Accountants |
|
Address : |
A-5, L.G.F., Gulmohar Park, New Delhi – 110049, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFG5901D |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves &
Surplus |
21.777 |
17.632 |
13.337 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
3.475 |
0.625 |
|
Total Shareholders’ Funds
(1) + (2) |
22.277 |
21.607 |
14.462 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
23.749 |
11.822 |
14.283 |
|
(b) Deferred tax
liabilities (Net) |
1.962 |
0.826 |
0.910 |
|
(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) |
25.711 |
12.648 |
15.193 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13.498 |
31.473 |
7.783 |
|
(b) Trade payables |
45.844 |
66.903 |
21.927 |
|
(c) Other current
liabilities |
12.396 |
11.527 |
5.819 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
71.738 |
109.903 |
35.529 |
|
|
|
|
|
|
TOTAL |
119.726 |
144.158 |
65.184 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
38.577 |
11.259 |
11.952 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
21.398 |
2.428 |
|
(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 |
0.625 |
0.640 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
39.202 |
33.297 |
14.380 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.097 |
0.350 |
0.000 |
|
(c) Trade receivables |
30.108 |
74.512 |
37.149 |
|
(d) Cash and cash
equivalents |
0.246 |
0.478 |
0.448 |
|
(e) Short-term loans and
advances |
50.073 |
35.521 |
13.207 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
80.524 |
110.861 |
50.804 |
|
|
|
|
|
|
TOTAL |
119.726 |
144.158 |
65.184 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Gross Revenue (Including
other Income) |
201.914 |
168.105 |
161.220 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
10.199 |
8.517 |
7.182 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.948 |
1.931 |
1.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.251 |
6.586 |
5.587 |
|
|
|
|
|
|
|
Less |
TAX |
3.106 |
2.291 |
1.626 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.145 |
4.295 |
3.961 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
17.632 |
13.337 |
NA |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
21.777 |
17.632 |
13.337 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
25.300 |
NA |
NA |
|
|
TOTAL EARNINGS |
25.300 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
82.90 |
85.90 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.05 |
2.55 |
2.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.06 |
5.36 |
8.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.30 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.67 |
2.00 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.01 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
13.337 |
17.632 |
21.777 |
|
Share Application money pending allotment |
0.625 |
3.475 |
0.000 |
|
Net worth |
14.462 |
21.607 |
22.277 |
|
|
|
|
|
|
long-term borrowings |
14.283 |
11.822 |
23.749 |
|
Short term borrowings |
7.783 |
31.473 |
13.498 |
|
Total borrowings |
22.066 |
43.295 |
37.247 |
|
Debt/Equity ratio |
1.526 |
2.004 |
1.672 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Revenue |
161.220 |
168.105 |
201.914 |
|
|
|
4.271 |
20.112 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Revenue |
161.220 |
168.105 |
201.914 |
|
Profit |
3.961 |
4.295 |
4.145 |
|
|
2.46% |
2.55% |
2.05% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BUSINESS
OPERATIONS AND FUTURE OUTLOOK
The company’s gross revenue has increased to Rs.201.900 Millions as
compared Rs.168.100 Millions in previous year, recording an increase of apprx.
20.11% of the previous year. The directors are hopeful of achieving better
business targets in the future years.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans from Non-Banking Finance Company |
8.500 |
13.444 |
|
|
|
|
|
Total |
8.500 |
13.444 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10336667 |
12/12/2013 * |
46,903,000.00 |
CORPORATION BANK |
RAJENDRA PLACE BRANCH, NEW DELHI, DELHI - 110008, |
B94511573 |
|
2 |
10165939 |
18/06/2009 |
1,000,000.00 |
CORPORATION BANK |
VIKRANT TOWER, RAJENDRA PLACE, NEW DELHI, DELHI - |
A65279879 |
|
3 |
10165940 |
18/06/2009 |
1,000,000.00 |
CORPORATION BANK |
VIKRANT TOWER,, RAJENDRA PLACE, NEW DELHI, DELHI |
A65280349 |
|
4 |
10165937 |
18/06/2009 |
10,000,000.00 |
CORPORATION BANK |
VIKRANT TOWER, RAJENDRA PLACE, NEW DELHI, DELHI - |
A65279473 |
|
5 |
10126886 |
13/10/2008 |
1,680,000.00 |
CORPORATION BANK |
VIKRANT TOWER, 4, RAJENDRA PLACE, NEW DELHI, DELH |
A48969653 |
|
6 |
10097784 |
25/03/2008 |
5,000,000.00 |
CORPORATION BANK |
VIKRANT TOWER, RAJENDRA PLACE, NEW DELHI, DELHI - |
A36199651 |
|
7 |
10024847 |
11/10/2006 |
1,350,000.00 |
CORPORATION BANK |
VIKRANT TOWER, RAJENDRA PLACE, NEW DELHI, DELHI - |
A06300420 |
|
8 |
90057174 |
13/10/2008 * |
7,500,000.00 |
CORPORATION BANK |
VIKRANT TOWER, 4, RAJENDRA PLACE, NEW DELHI, DELH |
A48969125 |
|
9 |
90056648 |
03/01/1997 |
500,000.00 |
ORIENTAL BANK OF COMMERCE |
OLD RAJENDRA NAGAR MARKET, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer
- Car
- Generator
- Office Equipment
- Furniture and fixture
- Plant and Machinery
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.62.25 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--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 |
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 |
|
45 |
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.