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MIRA
INFORM REPORT
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Report Date : |
25.04.2011 |
Note: Correct name of the company is HMTC Engineering
Company (Kolkata) Private Limited
Note: Given address could not be confirmed.
IDENTIFICATION DETAILS
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Name : |
HMTC ENGINEERING COMPANY (KOLKATA) PRIVATE LIMITED |
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Registered
Office : |
15, |
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Country : |
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Date of
Incorporation : |
15.04.2010 |
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Com. Reg. No.: |
145275 |
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CIN No.: [Company Identification
No.] |
U29219WB2010PTC145275 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer of Handling Equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject has taken over the running business of Hindustan Machine Tools
Corporation, a partnership concern started in the year 1948. Trade relations are reported as fair. Business is active. Payments
terms are not known. Initially, the company can be considered for business dealings on a
secured 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Off-credit |
D |
INFORMATION DECLINED BY
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Name : |
Mr. Chaterjee |
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Designation : |
Partner |
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Contact No.: |
91-9830259103 |
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Date : |
21.04.2011 |
LOCATIONS
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Registered Office : |
15, |
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Mobil No.: |
91-9830259103 (Mr. Chaterjee) |
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E-Mail : |
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Factory 1: |
65, |
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Tel. No.: |
91-33-26941455 |
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Factory 2: |
National Highway-6, Lakhanpur, Pakuria, |
DIRECTORS
As on 01.07.2010
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Name : |
Mr. Abhishek Chatterjee |
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Designation : |
Director |
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Address : |
15, |
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Date of Birth/Age : |
19.05.1978 |
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Date of Appointment : |
09.06.2010 |
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Name : |
Mr. Arin Chatterjee |
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Designation : |
Director |
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Address : |
75, |
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Date of Birth/Age : |
22.11.1975 |
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Date of Appointment : |
09.06.2010 |
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Name : |
Mr. Debashree Chatterjee |
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Designation : |
Director |
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Address : |
15, |
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Date of Birth/Age : |
01.01.1952 |
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Date of Appointment : |
24.08.2010 |
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Name : |
Mr. Dilip Kumar Chatterjee |
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Designation : |
Director |
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Address : |
75, |
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Date of Birth/Age : |
28.02.1937 |
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Name : |
Mr. Jagat Bandhu Chatterjee |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
28.08.1948 |
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Name : |
Mr. Pratap Chatterjee |
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Designation : |
Director |
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Address : |
15, |
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Date of Birth/Age : |
25.07.1966 |
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Name : |
Mr. Anath Bandhu Chatterjee |
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Designation : |
Director |
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Address : |
23/3, |
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Date of Birth/Age : |
12.12.1959 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.07.2010
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Names of Shareholders |
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No. of Shares |
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Dilip Kumar Chatterjee |
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148000 |
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Debashree Chatterjee |
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148000 |
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Jagat Bandhu Chatterjee |
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148000 |
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Desh Bandhu Chatterjee |
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148000 |
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Anath Bandhu Chatterjee |
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148000 |
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Pratap Chatterjee |
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148000 |
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Total |
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888000 |
List of Allottees as on 15.04.2010
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Particular |
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No. of Shares |
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Dilip Kumar Chatterjee |
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2000 |
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Debashree Chatterjee |
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2000 |
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Jagat Bandhu Chatterjee |
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2000 |
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Desh Bandhu Chatterjee |
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2000 |
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Arin Chatterjee |
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2000 |
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Pratap Chatterjee |
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2000 |
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Total |
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12000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Handling Equipment. |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
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This form is for |
Modification of charge
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Charge
identification number of the modified |
10249667 |
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Corporate
identity number of the company |
U29219WB2010PTC145275 |
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Name of the
company |
HMTC ENGINEERING
COMPANY (KOLKATA) PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
15, |
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Type of charge |
Book Debts Movable Property
(not being pledge) Immovable
Property Others |
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Particular of
charge holder |
Bank of |
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Email |
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Nature of description
of the instrument creating or modifying the charge |
i) Supplemental Deed of Hypothecation of
Tangible Moveable Property, ii) Supplemental
Deed of Hypothecation of Book Debts/ Receivables. |
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Date of
instrument Creating the charge |
26.10.2010 |
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Amount secured by
the charge |
Rs.16.500
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest will be
charged at 2.75% over Base Rate, minimum of 11.25% p.a. payable at monthly
rests. Terms of
Repayment Cash Credit
repayable on demand. Margin Cash Credit
(Stock): 25%, Cash Credit (Book Debts): 40%, Bank Guarantee: 25%, Letter of
Credit: 25%. Extent and
Operation of the charge Hypothecation of Stock
and Book Debts of the Company |
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Short particulars
of the property charged |
I)
MS
Plate, Angle, Round Channel, Plate, Sheet, Iron Wheel, HR Coil, Grinder
and Grinding Machine etc or about the
borrowers premises and godowns at
Hooghly And Howrah. II)
All the
present and future book debts, outstanding, money receivable, claims and
bills etc. III)
All
tangible movable machineries and
plants (both present and
future), particulars in Welding Machine, EDT Crane, Lathe etc or about
the borrowers premises and godowns at
Hooghly and Howrah. IV)
All
that piece of factory land with buildings, sheds and structures standing thereon, situated at
Mouza Pakuriya, P.S. Domjur, Dist. Horwah, J.L.No.54, C.S. Khatian No.345 in
L.R. Khatian No.625/2, V)
L.R.
Dag No.1280 and 1281, Deed No.2498,2499,2500 and 2501 dt.17.08.1990 (Area: 24 Cottah 12 Sq.
Ft.) Boundaries: East: Maa Kali Iron and Co, West: Nath Engg, South: Nath
Engg, North: New VI)
All
that piece of property being Flat No. B/1 situated at 2nd floor at 2nd floor
of a G+4, storied building with other structures, machinery and plant and
other fixtures and fittings
erected or installed VII)
thereon
(both present and future), situated ar
Anima Apartment, Holding No.47, New G.T. Road, P.S. Uttarpara, Kotrang, Dist.
Hooghly. (Area: 1500 sq. ft. including super built area), VIII)
Boundaries:
East: |
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Particulars of
the present modification |
Overall limit has
been realigned/ revised. Overall limit remain unchanged at Rs.16.500
Millions. Presently, Hypothecation has been extended to cover the overall
limit as under: Facilities Amount CC- Stock Rs.15.000 Millions CC- Book Debts
Rs. 5.000 Millions * Maximum FB Rs.15.000 Millions BG Rs. 5.500 Millions Letter of
Credit Rs. 1.000 Millions Maximum NFB Rs. 5.500 Millions * Max (FB + NFB) Rs.165 Millions , [*Cap of maximum unsecured exposure/ limit
not to exceed Rs.5.500 Millions] |
Traded References:
- L and T
- Tata Steel
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 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
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|
1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.69 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.