MIRA INFORM REPORT
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Report No. : |
303885 |
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Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROLOGUE RETAIL SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
C-310, Sunrise CHS. Limited, Raheja Vihar, Chandivali Farm Road, Tunga
Powai, Mumbai – 400072, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
11-248386 |
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Date of
Incorporation : |
25.01.2010 |
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Com. Reg. No.: |
248386 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.800 Millions |
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CIN No.: [Company Identification
No.] |
U52100MH2010PTC248386 |
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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 Exporter of Mobile Security Systems, Advertising Related
Products, etc. |
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No. of Employees
: |
60 (Approximately) [In Office + In Branch Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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. Trade relations are fair. Business is active. Payment terms are
reported as 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILALBE
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. Gopal Mandal |
|
Designation : |
Account Manager |
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Contact No.: |
91-22-28470507 |
|
Date : |
19.01.2015 |
LOCATIONS
|
Registered Office : |
C-310, Sunrise CHS. Limited, Raheja Vihar, Chandivali Farm Road, Tunga
Powai, Mumbai – 400072, Maharashtra, India |
|
Tel. No. : |
91-22-28470507/ 28477765 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
403/A, Solaris Park 1, Opposite L&T, Gate No. 6, Saki Vihar Road,
Andhri (East), Mumbai – 400072, Maharashtra, India |
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E-Mail: |
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Branch Offices : |
Located at · Mumbai · New Delhi · Bangalore · Chennai · Kolkata · Shenzen |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Rajesh Mimani |
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|
Designation : |
Managing Director |
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Address : |
A-302, Rainbow CHS, Raheja Vihar, Chandivali, Powai, Mumbai – 400076,
Maharashtra, India |
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Date of Birth/Age : |
23.06.1965 |
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Date of Appointment : |
01.04.2010 |
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DIN No. : |
02852105 |
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Other Directorship :
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Name : |
Mr. Deepak Vijaykumar Bagra |
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Designation : |
Director |
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Address : |
Wing-1, Flat No. 534, Rock Enclave, Sahayadri NG Next Hidustan Naka,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
30.07.1973 |
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Date of Appointment : |
30.09.2011 |
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DIN No. : |
03462727 |
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Other Directorship :
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Name : |
Alka Mimani |
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Designation : |
Director |
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Address : |
A-302, Rainbow CHS, Raheja Vihar, Chandivali, Powai, Mumbai – 400076,
Maharashtra, India |
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Date of Birth/Age : |
14.11.1969 |
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Date of Appointment : |
30.09.2011 |
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DIN No. : |
03496403 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Gopal Mandal |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rajesh Mimani |
93000 |
51.67 |
|
Alka Mimani |
10950 |
6.08 |
|
Sai Jyoti Mimani |
14950 |
8.31 |
|
Sai Kiran Mimani |
7100 |
3.94 |
|
Deepak Bagra |
54000 |
30.00 |
|
Total |
180000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Mobile Security Systems, Advertising Related
Products, etc. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
60 (Approximately) [In Office + In Branch Office] |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
JSA and Associates Chartered Accountants |
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Address : |
Mercantile Building, 9/12 Lal Bazar, Block-D, 2nd Floor, Kolkata – 700001, West Bengal, India |
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Tel. No. : |
91-33-30082298 |
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Fax No. : |
91-33-22304811 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFJ2732Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Counter Safe
Retail Solutions Private Limited Address: C-310, Sunrise CHS. Limited, Raheja Vihar, Chandivali Farm
Road, Tunga Powai, Mumbai – 400072, Maharashtra Line of Business: Trader of Advertising Related Products. |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.800 Millions |
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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 |
1.800 |
1.800 |
1.800 |
|
(b) Reserves & Surplus |
20.107 |
14.071 |
8.332 |
|
(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 |
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Total
Shareholders’ Funds (1) + (2) |
21.907 |
15.871 |
10.132 |
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(3) Non-Current
Liabilities |
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|
(a) Long-term borrowings |
15.138 |
4.636 |
1.495 |
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(b) Deferred tax liabilities (Net) |
0.320 |
0.320 |
0.323 |
|
(c) Other long term
liabilities |
3.859 |
7.479 |
0.000 |
|
(d) Long-term
provisions |
0.544 |
0.534 |
0.000 |
|
Total Non-current
Liabilities (3) |
19.861 |
12.969 |
1.818 |
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(4) Current Liabilities |
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(a) Short
term borrowings |
45.089 |
43.925 |
21.925 |
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(b) Trade
payables |
18.435 |
12.070 |
12.485 |
|
(c) Other
current liabilities |
8.972 |
22.663 |
6.510 |
|
(d) Short-term
provisions |
3.400 |
2.065 |
1.592 |
|
Total Current
Liabilities (4) |
75.896 |
80.723 |
42.512 |
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|
|
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TOTAL |
117.664 |
109.563 |
54.462 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
6.459 |
7.316 |
4.498 |
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(ii)
Intangible Assets |
|
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 |
0.154 |
0.154 |
0.009 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.797 |
3.038 |
2.948 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
8.410 |
10.508 |
7.455 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.013 |
7.320 |
3.094 |
|
(c) Trade
receivables |
73.467 |
68.756 |
33.542 |
|
(d) Cash
and cash equivalents |
9.895 |
7.858 |
6.018 |
|
(e) Short-term
loans and advances |
11.879 |
15.121 |
4.353 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
109.254 |
99.055 |
47.007 |
|
|
|
|
|
|
TOTAL |
117.664 |
109.563 |
54.462 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
283.565 |
184.990 |
113.053 |
|
|
|
Other Income |
0.762 |
0.506 |
0.287 |
|
|
|
TOTAL (A) |
284.327 |
185.496 |
113.340 |
|
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|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
123.049 |
68.174 |
35.483 |
|
|
|
Change in Inventories |
-6.693 |
(4.226) |
(1.913) |
|
|
|
Employee Benefit Expenses |
35.007 |
26.534 |
15.980 |
|
|
|
Other Expenses |
113.289 |
79.137 |
56.140 |
|
|
|
TOTAL (B) |
264.652 |
169.619 |
105.690 |
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|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
19.675 |
15.877 |
7.650 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.639 |
5.660 |
1.869 |
|
|
|
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|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.036 |
10.217 |
5.781 |
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.890 |
1.535 |
0.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
9.146 |
8.682 |
4.934 |
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|
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|
Less |
TAX (H) |
3.110 |
2.943 |
1.782 |
|
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|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
6.036 |
5.739 |
3.152 |
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|
|
|
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|
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|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
14.675 |
7.660 |
|
|
TOTAL IMPORTS |
NA |
14.675 |
7.660 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
33.53 |
31.89 |
25.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.13 |
3.10 |
2.79 |
|
|
|
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|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.94 |
8.58 |
6.77 |
|
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|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.78 |
7.94 |
9.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.55 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.75 |
3.06 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.23 |
1.11 |
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 |
1.800 |
1.800 |
1.800 |
|
Reserves & Surplus |
8.332 |
14.071 |
20.107 |
|
Net
worth |
10.132 |
15.871 |
21.907 |
|
|
|
|
|
|
long-term borrowings |
1.495 |
4.636 |
15.138 |
|
Short term borrowings |
21.925 |
43.925 |
45.089 |
|
Total
borrowings |
23.420 |
48.561 |
60.227 |
|
Debt/Equity
ratio |
2.311 |
3.060 |
2.749 |
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) |
|
Sales |
113.053 |
184.990 |
283.565 |
|
|
|
63.631 |
53.287 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
113.053 |
184.990 |
283.565 |
|
Profit |
3.152 |
5.739 |
6.036 |
|
|
2.79% |
3.10% |
2.13% |
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
10367123 |
26/06/2012 |
10,000,000.00 |
BANK OF MAHARASHTRA |
CHARKHOP BRANCH, MAHAMANGAL BUILDING, OPP., SAHYADRI NAGAR, AMBEDKAR ROAD, SECTOR I, MUMBAI, MAHARASHTRA - 400067, INDIA |
B44363984 |
|
2 |
10321914 |
05/03/2014 * |
42,000,000.00 |
BANK OF MAHARASHTRA |
BANK OF MAHARASHTRA, SAHYADRI NAGAR, AMBEDKAR ROAD, SECTOR I, MUMBAI, MAHARASHTRA - 400067, INDIA |
C02660785 |
|
3 |
10321919 |
08/11/2011 |
10,000,000.00 |
BANK OF MAHARASHTRA |
CHARKHOP BRANCH, MAHAMANGAL BUILDING, OPP., SAHYADRI NAGAR, AMBEDKAR ROAD, SECTOR I, MUMBAI, MAHARASHTRA - 400067, INDIA |
B27296920 |
|
4 |
10296620 |
06/07/2011 |
586,000.00 |
UNION BANK OF INDIA |
MOHAMMED ALI ROAD BRANCH, KARIM BUILDING,, 56, MOHAMMED ALI ROAD, MUMBAI, MAHARASHTRA - 400003, INDIA |
B16672875 |
|
5 |
10296617 |
27/06/2011 |
4,500,000.00 |
UNION BANK OF INDIA |
MOHAMMED ALI ROAD BRANCH, KARIM BUILDING,, 56, MOHAMMED ALI ROAD, MUMBAI, MAHARASHTRA - 400003, INDIA |
B16672024 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
From Directors |
1.570 |
|
Relative and Friends of Director(s) |
3.066 |
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
From Bank - Business Loan from Kotak Mahindra Bank |
1.914 |
|
From Others |
|
|
- Bodies Corporate |
2.458 |
|
- Relatives and Friends of Director(s) |
1.055 |
|
Total |
10.063 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from 1/125, Old Rajendra Nagar, New Delhi – 110060, India to the present address w.e.f. 11.03.2013.
FIXED ASSETS
TANGIBLE ASSETS
· Furniture and Fixtures
· Office Equipment
· Electric Installation
· Computer and Peripherals
· Vehicles
INTANGIBLE ASSETS
· Computer Softwares
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.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.