MIRA INFORM REPORT
|
Report No. : |
302338 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIENT TECHNOLOGIES PRIVATE LIMITED |
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|
|
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Registered
Office : |
2 and 3 Niraj Industrial Estate, Off Mahakali Caves Road, Andheri
(East), Mumbai – 400059, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 (Audited) |
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Date of
Incorporation : |
04.07.1997 |
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|
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Com. Reg. No.: |
11-109219 |
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Capital
Investment / Paid-up Capital : |
Rs.110.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200MH1997PTC109219 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO2654F |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer Peripherals they also provide Networking and IT
Solutions. |
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|
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|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 having satisfactory track record. Mr. Alkesh Wandre, Finance Manager provided audited financial statement
for the year 2014. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payment
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. Note: Mr Alkesh, Finance Manager has provided Audited financial statement for year 2013-14.Earlier in July 2014 provisional financial statement for the year 2013-14 were provided by Mr Alkesh, Finance manager. |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Alkesh Wandre |
|
Designation : |
Financial Manager |
|
Contact No.: |
91-9769008781 |
|
Date : |
08.01.2015 |
LOCATIONS
|
Registered Office : |
2 and 3 Niraj
Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-24960808/
88/ 89 |
|
Mobile No.: |
91-9769008781 (Mr. Alkesh Wandre ) |
|
Fax No.: |
91-22-55021180/
24921016/ 42928800 |
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E-Mail : |
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|
Website : |
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|
Location : |
Rented |
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|
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|
Branch Office : |
502, 5th Floor, Ackruti Star, Central Road,
Andheri (East) Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42928888 |
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E-Mail : |
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Branch Office : |
Located at:
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DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ajay Baliram Sawant |
|
Designation : |
Director |
|
Address : |
10/101, Mahada
Housing Board, Oshiwara, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1967 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AHAPS0035J |
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DIN No.: |
00111001 |
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|
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|
Name : |
Mr. Ujwal Arvind Mhatre |
|
Designation : |
Director |
|
Address : |
10/201 Mahada Housing Board, Oshiwara, Andheri (West), Mumbai –
400058, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
D.I.E |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAMPM4645B |
|
DIN No.: |
00111148 |
|
|
|
|
Name : |
Mr. Jayesh Manoharlal Shah |
|
Designation : |
Director |
|
Address : |
09/201, 2nd Floor,
Mahada Housing Board, Oshiwara, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAKPS1107Q |
|
DIN No.: |
00111598 |
|
|
|
|
Name : |
Mr. Umesh Navnitlal Shah |
|
Designation : |
Director |
|
Address : |
23, Nupur, 2nd Floor, J. V. P. D. Scheme, Near Gulmohar, Cross
Road No. 4, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1969 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
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PAN No.: |
AAEPS3008A |
|
DIN No.: |
00111751 |
KEY EXECUTIVES
|
Name : |
Mr. Alkesh Wandre |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Baliram
Sawant |
|
2750000 |
|
Umesh Navnitlal
Shah |
|
2750000 |
|
Ujjwal Arvind
Mhatre |
|
2750000 |
|
Jayesh Manoharlal
Shah |
|
2750000 |
|
Total |
|
11000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals they also provide Networking and IT
Solutions. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
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Suppliers : |
Ingram Micro India Private Limited |
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Customers : |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
Tel No.: 91-22-28232265
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Facilities : |
Fund and Non Fund: Rs. 65.000 Millions (From Citibank) |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Santosh G. Ghag
and Company Chartered Accountants |
|
Address : |
14/CD, Kakubhai Manchharam
Building, Ground Floor, Zaobawadi, Thakurdwar, Mumbai – 400002, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPG1909B |
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Associates : |
Orient HR Consultants Private Limited U74999MH2003PTC142615 |
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Joint Venture : |
All Time IT Solutions Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital : Rs.131.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.110.000
Millions
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
110.000 |
110.000 |
110.000 |
|
(b) Reserves & Surplus |
141.724 |
117.168 |
98.274 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
251.724 |
227.168 |
208.274 |
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(3) Non-Current Liabilities |
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|
(a) long-term borrowings |
70.167 |
71.380 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
2.767 |
1.539 |
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) |
72.934 |
72.919 |
0.000 |
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(4) Current Liabilities |
|
|
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|
(a) Short term borrowings |
69.452 |
76.952 |
88.685 |
|
(b) Trade payables |
135.014 |
174.494 |
90.748 |
|
(c) Other current liabilities |
22.780 |
13.890 |
0.148 |
|
(d) Short-term provisions |
1.736 |
0.410 |
1.241 |
|
Total
Current Liabilities (4) |
228.982 |
265.746 |
180.822 |
|
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|
|
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TOTAL |
553.640 |
565.833 |
389.096 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
106.126 |
98.105 |
17.711 |
|
(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 |
3.760 |
3.651 |
1.127 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.411 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
109.886 |
101.756 |
19.249 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
63.725 |
47.799 |
43.270 |
|
(c) Trade receivables |
292.186 |
342.957 |
279.236 |
|
(d) Cash and cash equivalents |
15.140 |
12.999 |
4.708 |
|
(e) Short-term loans and
advances |
72.703 |
60.322 |
42.633 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
443.754 |
464.077 |
369.847 |
|
|
|
|
|
|
TOTAL |
553.640 |
565.833 |
389.096 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1253.726 |
1232.563 |
|
|
|
Other Income |
1.237 |
1.926 |
|
|
|
TOTAL
(A) |
1254.963 |
1234.489 |
1111.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
832.016 |
845.621 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.926) |
(4.529) |
|
|
|
Employees benefits expense |
210.692 |
191.769 |
|
|
|
Other expenses |
158.566 |
153.701 |
|
|
|
TOTAL
(B) |
1185.348 |
1186.562 |
1079.454 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
69.615 |
47.927 |
Including Financial & |
|
|
|
|
|
Depreciation |
|
Less |
FINANCIAL
EXPENSES (D) |
11.427 |
4.028 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
58.188 |
43.899 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.042 |
4.922 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
50.146 |
38.977 |
32.544 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
16.230 |
13.691 |
9.443 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
33.916 |
25.286 |
23.101 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.08 |
2.30 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
|
(%) |
2.71 |
2.05 |
2.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.55 |
3.89 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.12 |
6.93 |
8.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.65 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.75 |
2.05 |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
98.274 |
117.168 |
141.724 |
|
Net
worth |
208.274 |
227.168 |
251.724 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
71.380 |
70.167 |
|
Short term borrowings |
88.685 |
76.952 |
69.452 |
|
Total
borrowings |
88.685 |
148.332 |
139.619 |
|
Debt/Equity
ratio |
0.426 |
0.653 |
0.555 |
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) |
|
Total Income |
1111.998 |
1234.489 |
1254.963 |
|
|
|
11.015 |
1.658 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1111.998 |
1234.489 |
1254.963 |
|
Profit |
23.101 |
25.286 |
33.916 |
|
|
2.08% |
2.05% |
2.70% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES
|
S.NO |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10410763 |
26/02/2013 * |
80,000,000.00 |
VASAI VIKAS SAHAKARI BANK LIMITED |
HEAD OFFICE : SAMAJ MANDIR, OPP. NEW ENGLISH HIGH SCHOOL, VASAI, MAHARASHTRA - 401201, INDIA |
B71853246 |
|
2 |
10185603 |
30/03/2012 * |
65,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
B37043536 |
|
3 |
10111790 |
06/07/2009 * |
8,800,000.00 |
CITI BANK N.A. |
CITI TOWER, 61, DR. S.S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA |
A64917081 |
|
4 |
90141361 |
22/09/2004 |
5,000,000.00 |
CITI BANK |
CITI TOW ER, PAREL, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90141242 |
12/03/2004 |
5,056,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264;GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
90142979 |
01/11/2002 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264;GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
7 |
90147493 |
07/12/2000 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA COOP BANK LIMITED |
264; SRS MARG, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Buildings
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILIRY |
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 |
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 |
|
46 |
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.