MIRA INFORM REPORT
|
Report No. : |
315496.2 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAINAM TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111/112, Bhaveshwar
Complex, Vidyavihar Station Road, Vidhyavihar [East], Mumbai – 400077,
Maharashtra |
|
Tel. No.: |
91-22-65751546 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
07.08.2003 |
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|
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Com. Reg. No.: |
11-141654 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH2003PTC141654 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ15732D / MUMJ08923F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ3047Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Services provider of computer networking products and services. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects company sound financial risk profile marked 2by healthy
reserves position and fair profitability of the company Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 : |
Ms. Sukanya |
|
Designation : |
Assistant Manager – Finance |
|
Contact No.: |
91-22-61558888 |
LOCATIONS
|
Registered Office / Head Office : |
111/112,
Bhaveshwar Complex, Vidyavihar Station Road, Vidhyavihar [East], Mumbai –
400077, Maharashtra, India |
|
Tel. No.: |
91-22-65751546 |
|
Mobile No.: |
91-9820318016 (Mr. Navin Salian) |
|
Fax No.: |
91-22-61558899 |
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E-Mail : |
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|
Website : |
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|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
|
|
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Branch Office : |
Located at: · Bangalore · Chennai · Noida |
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|
|
|
International Office: |
20 Cecil Street, No 1401, Enquiry Plaza, Singapore - 049705 |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Mehul Vinodray Doshi |
|
Designation : |
Director |
|
Address : |
C-1, Vaibhav Apartment, Tilak Road, Ghatkopar [East], Mumbai
- 400077, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1980 |
|
Date of Appointment : |
07.08.2003 |
|
DIN No.: |
00284992 |
|
|
|
|
Name : |
Ami Doshi Mehul |
|
Designation : |
Director |
|
Address : |
C-1, Vaibhav Apartment, Tilak Road, Ghatkopar [East],
Mumbai - 400077, Maharashtra, India |
|
Date of Appointment : |
07.08.2003 |
|
DIN No.: |
00285005 |
KEY EXECUTIVES
|
Name : |
Ms. Sukanya |
|
Designation : |
Assistant Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mehul Vinodray Doshi |
5000 |
50.00 |
|
Ami Doshi Mehul |
5000 |
50.00 |
|
Total |
10000 |
100.00 |
AS ON 30.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Services provider of computer networking products and services.. |
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
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Exports : |
Not Divulged |
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Imports : |
|
|
Products : |
IT Products |
|
Countries : |
|
|
|
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|
Selling : |
Cash and Credit (30-60-90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60-90 Days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India ·
ICICI Bank Limited |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Dinesh B Bhanushali And Company Chartered Accountants |
|
Address : |
A-9/101, Shastri Nagar CHS Limited, R. N. Gandhi Road, Vidyavihar
[East], Mumbai – 400077, Maharashtra, India |
|
Tel No.: |
91-22-21027360 |
|
Mobile No.: |
91-9821663911 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ACAPB6030F |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
44.807 |
27.015 |
11.606 |
|
(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) |
44.907 |
27.115 |
11.706 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
94.904 |
99.203 |
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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
94.904 |
99.203 |
0.000 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
42.117 |
|
(b)
Trade payables |
80.060 |
33.333 |
18.878 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
1.689 |
11.644 |
14.219 |
|
Total
Current Liabilities (4) |
81.749 |
44.977 |
75.214 |
|
|
|
|
|
|
TOTAL |
221.560 |
171.295 |
86.920 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
81.948 |
81.873 |
22.784 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
81.948 |
81.873 |
22.784 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
12.946 |
0.000 |
0.000 |
|
(c)
Trade receivables |
90.168 |
60.420 |
46.068 |
|
(d)
Cash and cash equivalents |
19.623 |
15.246 |
10.185 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
16.875 |
13.756 |
7.883 |
|
Total
Current Assets |
139.612 |
89.422 |
64.136 |
|
|
|
|
|
|
TOTAL |
221.560 |
171.295 |
86.920 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Service |
320.266 |
267.369 |
193.636 |
|
|
|
Other Income |
7.146 |
0.201 |
0.031 |
|
|
|
TOTAL (A) |
327.412 |
267.570 |
193.667 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
252.521 |
201.911 |
149.831 |
|
|
|
Employee benefit expenses |
33.154 |
32.980 |
28.046 |
|
|
|
Other Expenses |
9.097 |
5.719 |
2.312 |
|
|
|
TOTAL (B) |
294.772 |
240.610 |
180.189 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.640 |
26.960 |
13.478 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.729 |
3.587 |
0.512 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.911 |
23.373 |
12.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.574 |
0.563 |
0.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.337 |
22.810 |
12.706 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.545 |
7.402 |
4.121 |
|
|
|
|
|
|
|
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|
|
PROFIT AFTER TAX
(G-H) (I) |
17.792 |
15.408 |
8.585 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.014 |
11.606 |
3.308 |
|
|
|
|
|
|
|
|
|
|
TDS RECEIVABLE
W/OFF AGAINST PROFIT |
0.000 |
0.000 |
(0.287) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
44.806 |
27.014 |
11.606 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1779.000 |
1540.80 |
858.50 |
|
|
|
Diluted |
2701.00 |
1161.00 |
858.50 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
420.000 |
The above information has been parted by Ms. Sukanya
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 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.56 |
5.76 |
4.43 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
10.19 |
10.08 |
6.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.89 |
13.32 |
14.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59 |
0.84 |
1.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.11 |
3.66 |
3.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.99 |
0.85 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
11.606 |
27.015 |
44.807 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
11.706 |
27.115 |
44.907 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
99.203 |
94.904 |
|
Short term borrowings |
42.117 |
0.000 |
0.000 |
|
Total borrowings |
42.117 |
99.203 |
94.904 |
|
Debt/Equity ratio |
3.598 |
3.659 |
2.113 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
193.636 |
267.369 |
320.266 |
|
|
|
38.078 |
19.784 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
193.636 |
267.369 |
320.266 |
|
Profit |
8.585 |
15.408 |
17.792 |
|
|
4.43% |
5.76% |
5.56% |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 four 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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10569600 |
30/04/2015 |
5,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C53741443 |
|
2 |
10531152 |
31/10/2014 |
25,000,000.00 |
SYNDICATE BANK |
167, NAVYUG NIWAS, OPP. MINERVA CINEMA,, DR. D. B |
C33527243 |
|
3 |
10388313 |
09/11/2012 |
53,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B62721519 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million ) |
31.03.2013 (Rs.
In Million ) |
|
SHORT TERM BORROWINGS |
|
|
|
Mehul Vinodrai Doshi |
48.943 |
48.284 |
|
|
|
|
|
Total |
48.943 |
48.284 |
OPERATIONS
Company Background
The Company was incorporated on August 07, 2003 as Jainam Technologies Private Limited to carry on business in Information Technology Products, Computer Printers, Peripherals and IT Enable Software and License.
FIXED ASSETS
- Computers
- Mobile I Phone 4s
- Mobile Phone Blalckberry 9810
- Motor Car‐Mahindra XUV 500
- Nfr Hw Units
- Office Premises‐Neelkanth Corporate Park
- Printers
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
----- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.