MIRA INFORM REPORT

 

 

Report No. :

301095

Report Date :

27.01.2015

 

IDENTIFICATION DETAILS

 

Name :

A K SYSTEM ENGINEERS PRIVATE LIMITED

 

 

Registered Office :

Basement, C-188, C- Block, Jawahar Park, Devli Road, Khanpur, New Delhi – 110062, Delhi

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

29.01.1985

 

 

Com. Reg. No.:

55-019955

 

 

Capital Investment / Paid-up Capital :

Rs. 3.000 Millions

 

 

CIN No.:

[Company Identification No.]

U74899DL1985PTC019955

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of Water dispenser, Tea and Coffee Vending Machines.

 

 

No. of Employees :

70 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 28000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The rating is constrained on account of company’s moderate financial risk profile marked by thin profitability margins and leverage capital structure of the company.

 

However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealing with some caution.

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

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. Sanjay Chopra

Designation :

Head in sales and business development

Contact No.:

91-9999991912

Date :

20.01.2015

 

 

LOCATIONS

 

Registered Office :

Basement, C-188, C- Block, Jawahar Park, Devli Road, Khanpur, New Delhi – 110062, Delhi, India

Tel. No.:

91-120-3221819

Mobile No.:

91-9999991912 (Mr. Sanjay Chopra)

91-9811078486 (Mr. Sahul Khurana)

Fax No.:

91-120-2423661

E-Mail :

sahul@gmail.com

sanjay@vendingupdates.com

pavantmr1@gmail.com

sahulk@gmail.com

Website :

www.altantisplus.com

Area :

500 sq. Ft.

Location :

Owned

 

 

Factory :

B-32, Sector-5, Noida-201301, Uttar Pradesh, India

Tel. No.:

91-120-3221819/ 3221820/ 3914910-16

Fax No.:

91-120-2423661

Area :

20000 sq ft

Location :

Owned

 

 

DIRECTORS

 

As on: 30.09.2014

 

Name :

Mr. (Col.) Krishan Swarup Khurana

Designation :

Managing Director

Address :

325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

08.11.1934

Date of Appointment :

29.01.1985

DIN No.:

01040497

 

 

Name :

Mrs. Shobha Khurana

Designation :

Director

Address :

325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

01.08.1941

Date of Appointment :

29.01.1985

DIN No.:

01972488

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1985PTC019955

A.K. SYSTEM ENGINEERS PRIVATE LIMITED

Director

29/01/1985

29/01/1985

-

Active

NO

2

U28252DL1996PTC081866

VENDING UPDATES (INDIA) PRIVATE LIMITED

Director

18/11/2005

18/11/2005

-

Active

NO

 

 

Name :

Mr. Sahul Khurana

Designation :

Whole Time Director

Address :

325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

05.02.1965

Date of Appointment :

16.07.1992

DIN No.:

01040417

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1985PTC019955

A.K. SYSTEM ENGINEERS PRIVATE LIMITED

Director

16/07/1992

16/07/1992

-

Active

NO

2

U28252DL1996PTC081866

VENDING UPDATES (INDIA) PRIVATE LIMITED

Director

01/04/2005

01/04/2005

-

Active

NO

 

 

Name :

Mr. Rahul Khurana

Designation :

Director

Address :

325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

22.07.1963

Date of Appointment :

16.07.1992

DIN No.:

01236604

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1985PTC019955

A.K. SYSTEM ENGINEERS PRIVATE LIMITED

Director

16/07/1992

16/07/1992

-

Active

NO

2

U21022DL2001PTC113264

MATA VAISHNO PACKING PRIVATE LIMITED

Director

30/09/2008

03/06/2008

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay Chopra

Designation :

Head in sales and business development

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2014

 

Name of Shareholders

No. of Shares

%age

http://www.bseindia.com/include/images/clear.gif Krishan Swarup Khurana

203600

67.87

http://www.bseindia.com/include/images/clear.gif Shobha Khurana

20800

6.93

Sahul Khurana

72000

24.00

Rahul Khurana

3600

1.20

Total

300,000

100.00

 

 

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 :

Manufacturer and Trader of Water dispenser, Tea and Coffee Vending Machines.

 

 

Products :

Water Dispensers

·         Frosty

·         Fire and Ice

·         Mega

·         Classic

·         Basic

·         Icy

Hot Beverage Dispensers

·         Cafe Mini

·         Cafe Plus

·         Vendor

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Water dispenser and their Parts

Countries :

China

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Wholesalers, Retailers

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

 

Banker Name :

HDFC Bank Limited

Branch Address :

HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Facilities :

Fund and Non- Fund Rs.25.000 millions

Person Name :

Not Divulged

Contact No.:

Not Divulged

Report :

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banker Name :

Bank of India

Branch Address :

C G O Complex, New Delhi - 110003, Delhi, India  

Facilities :

Not Divulged

Person Name :

Not Divulged

Contact No.:

Not Divulged

Report :

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

 (Rs. In Millions)

Secured Loan

As on

31.03.2014

As on

31.03.2013

Short Term Borrowing

 

 

HDFC Bank loan

(secured against hypothecation of stock and mortgage of land and building of the company)

24.527

24.419

Term Loan From Bank

 

 

From HDFC Bank

0.000

0.718

 

 

 

Total

24.527

25.137

 

Auditors :

 

Name :

Sunil Vijay and Associates

Chartered Accountants

Address :

R-700, New Rajinder Nagar, New Delhi – 110 060, India

Tel. No.:

91-11-28743579

Fax No.:

91-11-28743577

E-Mail :

sunilvijay22@rediffmail.com

PAN No.:

AAIFS6442A

 

 

Memberships :      

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

As on: 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs.5.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

300000

Equity Shares

Rs.10/- each

Rs.3.000 Millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

3.000

3.000

3.000

(b) Reserves & Surplus

6.902

5.593

4.341

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

9.902

8.593

7.341

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

6.820

7.718

8.782

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.457

1.125

0.907

Total Non-current Liabilities (3)

8.277

8.843

9.689

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

24.527

25.137

25.906

(b) Trade payables

23.528

9.328

4.880

(c) Other current liabilities

3.220

3.246

3.540

(d) Short-term provisions

0.686

0.656

0.558

Total Current Liabilities (4)

51.961

38.367

34.884

 

 

 

 

TOTAL

70.140

55.803

51.914

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.814

9.669

10.272

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.172

2.805

2.796

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.986

12.474

13.068

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

31.600

16.872

24.056

(c) Trade receivables

22.581

21.254

12.501

(d) Cash and cash equivalents

0.705

0.246

0.095

(e) Short-term loans and advances

2.512

4.297

2.137

(f) Other current assets

0.756

0.660

0.057

Total Current Assets

58.154

43.329

38.846

 

 

 

 

TOTAL

70.140

55.803

51.914

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income (Gross)

209.392

172.159

91.402

 

 

Other Income

N.A

N.A

N.A

 

 

TOTAL                                    

209.392

172.159

91.402

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

206.497

169.266

88.697

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

2.895

2.893

2.705

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.901

0.985

1.127

 

 

 

 

 

 

PROFIT BEFORE TAX

1.994

1.908

1.578

 

 

 

 

 

Less

TAX                                                                 

0.686

0.656

0.453

 

 

 

 

 

 

PROFIT AFTER TAX

1.308

1.252

1.125

 

 

 

 

 

 

Earnings Per Share (Rs.)

2.50

1.47

3.75

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.62

0.73

1.23

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

1.38

1.68

2.96

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.84

3.42

3.04

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.20

0.22

0.21

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

3.17

3.82

4.73

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.12

1.13

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

3.000

3.000

3.000

Reserves & Surplus

4.341

5.593

6.902

Net worth

7.341

8.593

9.902

 

 

 

 

long-term borrowings

8.782

7.718

6.820

Short term borrowings

25.906

25.137

24.527

Total borrowings

34.688

32.855

31.347

Debt/Equity ratio

4.725

3.823

3.166

 

 

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

91.402

172.159

209.392

 

 

88.354

21.627

 

 

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

91.402

172.159

209.392

Profit

1.125

1.252

1.308

 

1.23%

0.73%

0.62%

 

 

 

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

Yes

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

Yes

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

 

UNSECURED LOAN

(Rs. In Millions)

Particulars

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

From Directors Friends and Relatives

5.500

5.500

From Sahul Khurana

1.320

2.218

 

 

 

Total

6.820

7.718

 

Note :

  • The registered office of the company has shifted from 322, NEB Sarai, New Delhi – 110 068, Delhi, India, to the present address w.e.f. 12.09.2013.

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10283527

28/09/2013 *

25,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B89967012

2

10288518

28/09/2013 *

40,300,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B89967509

3

10096104

28/09/2013 *

29,800,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B89968044

4

90052320

17/03/1990

720,000.00

UTTAR PRADESH FINANCIAL CO-OP

14/88 CIVIL LINES, KANPUR, Uttar Pradesh, INDIA

-

 

 

FIXED ASSETS:

 

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Machinery
  • Fans
  • Vehicles
  • Typewriter
  • Cycle
  • Generator
  • Office Equipments
  • Refrigeration
  • Pager
  • Air Conditioner
  • Water Cooler
  • Mobile Phone
  • Tempo
  • Water Purifier

 

 

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 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. 61.49

UK Pound

1

Rs.92.16

Euro

1

Rs.69.61

 

 

INFORMATION DETAILS

 

Information Gathered by :

HNA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

JYTK

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

 

27

 

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

-

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.