MIRA INFORM REPORT
|
Report No. : |
326522 |
|
Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFFLE (INDIA) PRIVATE LIMITED (w.e.f. 29.09.2006) |
|
|
|
|
Formerly Known
As : |
TEJUS SECURITIES PRIVATE LIMITED |
|
|
|
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Registered
Office : |
505, D Definity, Jay Prakash Road, Goregaon East, Mumbai – 400063,
Maharashtra |
|
Mobile No.: |
91-9811787697 (Mr. Manish Khurana) |
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|
Country : |
India |
|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
18.08.1994 |
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|
|
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Com. Reg. No.: |
11-080451 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.105.253 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U65990MH1994PTC080451 |
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IEC No.: |
Not Available |
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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
: |
Subject is engaged into mobile information solutions. |
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|
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|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company possesses weak operational risk profile marked by losses incurred from its operational activities with deteriorated reserves position of the company. Due to accumulated losses incurred over past it has leverage the balance sheet profile of the company. However, trade relations are fair. Business is active. Payments are reported to be slow. In view of weak operational performance along with leverage balance sheet profile, 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.
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Khurana |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9811787697 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office : |
505, D Definity, Jay Prakash Road, Goregaon East, Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811787697 (Mr. Manish Khurana) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
2000 Sq ft |
|
Location : |
Rented |
|
Locality: |
Commercial |
|
|
|
|
Branch Office: |
Located at
|
DIRECTORS
AS ON 31.10.2014
|
Name : |
Mr. Anuj Kumar |
|
Designation : |
Managing director |
|
Address : |
R-183, First Floor, Greater Kailash - I, New Delhi -
110048, India |
|
Date of Birth/Age : |
05.04.1978 |
|
Date of Appointment : |
25.01.2006 |
|
DIN No.: |
01400273 |
|
|
|
|
Name : |
Mr. Anuj Khanna Sohum |
|
Designation : |
Director |
|
Address : |
B-138, Sector C, Mahanagar, Lucknow - 226006, Uttar
Pradesh, India |
|
Date of Birth/Age : |
13.05.1978 |
|
Date of Appointment : |
25.01.2006 |
|
DIN No.: |
01363666 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Khurana |
|
Designation : |
Key Executive |
|
|
|
|
Name : |
Khushboo Sachdeva |
|
Designation : |
Secretary |
|
Address : |
31, Silver Valley Colony,, Gwalior Road, Agra - 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
20.07.1989 |
|
Date of Appointment : |
15.09.2014 |
|
DIN No.: |
EGOPS7308B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.10.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anuj Khanna |
|
1 |
|
Madhusudan Ramakrishana |
|
1 |
|
Anuj Kumar |
|
1 |
|
AFFLE Limited, UK |
|
976017 |
|
AFFLE Holding PTE Limited Singapore |
|
9549279 |
|
Total |
|
10525299 |
Equity Share Break up (Percentage of Total Equity)
AS ON 31.10.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20326522_MIRA%2009-Jun-2015_files/image009.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into mobile information solutions. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
|
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Auditors : |
|
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Name : |
S.R. Batliboi and Associates LLP Chartered Accountant |
|
Address : |
Golf View Corporate Tower- B, Sector- 42, Sector Road, Gurgaon- 122002, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Fellow Subsidiary
company: |
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Holding company: |
|
CAPITAL STRUCTURE
AFTER 31.10.2014
Authorised Capital : Rs. 160.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 158.240
Million
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10525299 |
Equity Shares |
Rs.10/- each |
Rs. 105.253
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
105.253 |
99.705 |
83.328 |
|
(b) Reserves & Surplus |
(101.068) |
(99.079) |
(84.805) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
52.987 |
58.535 |
57.150 |
|
Total
Shareholders’ Funds (1) + (2) |
57.172 |
59.161 |
55.673 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
2.549 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.549 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
1.506 |
1.392 |
|
(b) Trade payables |
73.199 |
42.393 |
6.353 |
|
(c) Other current liabilities |
1.955 |
1.148 |
14.144 |
|
(d) Short-term provisions |
8.385 |
0.000 |
1.388 |
|
Total
Current Liabilities (4) |
83.539 |
45.047 |
23.277 |
|
|
|
|
|
|
TOTAL |
143.260 |
104.208 |
78.950 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.797 |
1.285 |
1.758 |
|
(ii) Intangible Assets |
0.000 |
19.002 |
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 |
1.053 |
1.053 |
|
(d) Long-term Loan and Advances |
6.756 |
4.102 |
1.265 |
|
(e) Other Non-current assets |
6.949 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
14.502 |
25.442 |
4.076 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
98.083 |
48.096 |
18.389 |
|
(d) Cash and cash equivalents |
14.643 |
20.143 |
44.088 |
|
(e) Short-term loans and
advances |
8.279 |
10.214 |
7.837 |
|
(f) Other current assets |
7.753 |
0.313 |
4.560 |
|
Total
Current Assets |
128.758 |
78.766 |
74.874 |
|
|
|
|
|
|
TOTAL |
143.260 |
104.208 |
78.950 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
700.000 (Approximately) |
300.000 (Approximately) |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1.990) |
(14.274) |
(50.863) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.19 |
NA |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
900.000 |
The above information has been parted by Mr. Manish Khurana
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.75 |
3.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
83.328 |
99.705 |
105.253 |
|
Reserves & Surplus |
(84.805) |
(99.079) |
(101.068) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
57.150 |
58.535 |
52.987 |
|
Net
worth |
55.673 |
59.161 |
57.172 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.392 |
1.506 |
0.000 |
|
Total
borrowings |
1.392 |
1.506 |
0.000 |
|
Debt/Equity
ratio |
0.025 |
0.025 |
0.000 |
%20PRIVATE%20LIMITED%20-%20326522_MIRA%2009-Jun-2015_files/image011.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL PERFORMANCE
During the year, the company incurred a loss of Rs. 1.990 Million against loss of Rs. 14.274 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
Borrowings |
|
|
|
Rupee term loans from others |
0.000 |
1.506 |
|
Total |
0.000 |
1.506 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible assets
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Computer software
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.64.11 |
|
UK Pound |
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--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 |
NO |
|
--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 |
|
26 |
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.