BUSINESS INFORMATION REPORT
1. Summary Information
|
Reference
# |
135-298207-01-020(20110728813) |
Country |
|
|
Company Name |
BALMUKUND CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
MR. ALOK RAMGOPAL AGARWAOL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. POONAM AGARWAOL |
|
Our Reference # |
149852 |
Registration # |
11-147318 |
|
Street Address |
505, |
||
|
Established Date |
05.07.2004 |
SIC Code |
-- |
|
Telephone# |
91-22-65092760 |
Business Style 1 |
TRADER |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
CHEMICALS |
|
# of employees |
40 (APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.16,486,970/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-46.70% DIRECTORS OR RELATIVES OF DIRECTORS-53.30% |
Banking |
HDFC BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
375,688,000
|
Current Liabilities |
211,031,000
|
|
Inventories |
88,347,000
|
Long-term Liabilities |
109,702,000 |
|
Fixed Assets |
42,873,000 |
Other Liabilities |
11,409,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
332,142,000 |
|
Invest& other Assets |
23,200,000 |
Retained Earnings |
80,175,000 |
|
|
|
Net Worth |
197,966,000 |
|
Total Assets |
530,108,000 |
Total Liab. & Equity |
530,108,000 |
|
Total Assets (Previous Year) |
214,999,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,723,066,000 |
Net Profit |
20,156,000 |
|
Sales(Previous yr) |
932,333,000 |
Net Profit(Prev.yr) |
9,701,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.08.2011 |
|
|
|
|
Tel. No.: |
91 22 23452629 |
|
Fax No.: |
91 22 23472629 |
IDENTIFICATION DETAILS
|
Name : |
BALMUKUND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
505, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.07.2004 |
|
|
|
|
Com. Reg. No.: |
11-147318 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.487
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2004PTC147318 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMB15678F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB4225B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Chemicals. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 792000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
505, |
|
Tel. No.: |
91-22-65092760/ 23452629 |
|
Mobile No.: |
91-9831178721 (Mr. Alok Agarwaol) |
|
Fax No.: |
91-22-23472629 |
|
E-Mail : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate/Head Office : |
|
|
Tel. No.: |
91-33-22834327 |
|
Fax No.: |
91-33-22830428 |
|
Area : |
800 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
|
|
Area : |
10000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Sales Office : |
203, Sukan Mall, 2nd Floor, Above IDBI Bank, Near Visat
Petrol Pump, Ahemdabad – 380 005, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Alok Ramgopal Agarwaol |
|
Designation : |
Director |
|
Address : |
9, |
|
Date of Birth/Age : |
11.11.1970 |
|
Qualification : |
Chemical Engineer |
|
Date of Appointment : |
05.07.2004 |
|
DIN No.: |
01956365 |
|
|
|
|
Name : |
Mrs. Poonam Agarwaol |
|
Designation : |
Director |
|
Address : |
229, AJC Bose Road, Aarya Industrial Private Limited, Flat GA1,
Crescent Towers, L.L. Rai SA, Kolkata – 700 020, West |
|
Date of Birth/Age : |
11.10.1975 |
|
Date of Appointment : |
05.07.2004 |
|
DIN No.: |
01956427 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Alok Agarwaol |
|
350470 |
|
Poonam Agarwaol |
|
512317 |
|
Aryamaan Agarwaol |
|
15660 |
|
Sushila Kanddia |
|
250 |
|
Aarya Industrial Products (Private) Limited, |
|
770000 |
|
Total |
|
1648697 |
As on 04.02.2011
|
Names of Allottees |
|
No. of Shares |
|
Alok Agarwaol |
|
900000 |
|
Poonam Agarwaol |
|
820000 |
|
Total |
|
1720000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
46.70 |
|
Directors
or relatives of directors |
|
53.30 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemicals. |
|
|
|
|
Products : |
Fine Chemicals |
GENERAL INFORMATION
|
No. of Employees : |
40 (Approximately) |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India v
Standard Chartered Bank, 19, v
State Bank of v State Bank of India, SME Branch, New Alipore, 63, Nalini Ranjan Avenue, Block-F, Kolkata – 700 053, West Bengal, India v
HDFC Bank Limited, |
|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Baid and Gupta Chartered Accountants |
|
Address : |
49, |
|
Tel. No.: |
91-33-40052602 |
|
PAN No.: |
AAIFB9504A |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5510000 |
Equity Shares |
Rs.10/- each |
Rs.55.100 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3368697 |
Equity Shares |
Rs.10/- each |
Rs.33.687
millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5510000 |
Equity Shares |
Rs.10/- each |
Rs.55.100 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1648697 |
Equity Shares |
Rs.10/- each |
Rs.16.487
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
16.487 |
10.587 |
8.787 |
|
|
2] Share Application Money (Pending Allotment) |
101.304 |
18.574 |
0.000 |
|
|
3] Reserves & Surplus |
80.175 |
60.019 |
34.118 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
197.966 |
89.180 |
42.905 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
109.702 |
51.810 |
53.013 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
109.702 |
51.810 |
53.013 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
307.668 |
140.990 |
95.918 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.873 |
15.154 |
15.221 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
23.200 |
23.200 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
88.347
|
53.973 |
35.192 |
|
|
Sundry Debtors |
353.180
|
107.365 |
69.917 |
|
|
Cash & Bank Balances |
17.965
|
9.418 |
3.906 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.543
|
5.889 |
0.465 |
|
Total
Current Assets |
464.035
|
176.645 |
109.480 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.698
|
68.319 |
10.130 |
|
|
Other Current Liabilities |
1.333
|
0.781 |
13.625 |
|
|
Provisions |
11.409
|
4.909 |
5.058 |
|
Total
Current Liabilities |
222.440
|
74.009 |
28.813 |
|
|
Net Current Assets |
241.595
|
102.636 |
80.667 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
307.668 |
140.990 |
95.918 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1723.066 |
932.333 |
534.629 |
|
|
|
Other Income |
7.547 |
(0.662) |
0.026 |
|
|
|
TOTAL (A) |
1730.613 |
931.671 |
534.655 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
(Increase)/ Decrease in Stock |
(34.374) |
(18.781) |
(23.061) |
|
|
|
Purchase |
1705.168 |
915.990 |
524.716 |
|
|
|
Selling, Distribution and Other Expenses |
20.069 |
15.272 |
19.502 |
|
|
|
Preliminary Expenses written off |
0.000 |
0.030 |
0.020 |
|
|
|
TOTAL (B) |
1690.863 |
912.511 |
521.177 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.750 |
19.160 |
13.478 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
12.571 |
6.469 |
2.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.179 |
12.691 |
10.731 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.523 |
0.454 |
0.527 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.656 |
12.237 |
10.204 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.500 |
2.536 |
3.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
20.156 |
9.701 |
7.061 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.302 |
10.601 |
3.540 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
40.458 |
20.302 |
10.601 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.23 |
9.16 |
8.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.16
|
1.04 |
1.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.55
|
1.31 |
1.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.26
|
6.38 |
8.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.14 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.68
|
1.41 |
1.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
2.39 |
3.80 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
During the
Financial year ended 31st March, 2010, the company achieved a
turnover of Rs.1723.066 millions in comparison to last year turnover Rs.932.333
millions. The company earned profit after tax Rs.20.156 millions this year in
comparison to last year Rs.9.701 millions.
FORM 8:
|
Corporate
identity number of the company |
U24100MH2004PTC147318 |
|
Name of the
company |
BALMUKUND CHEMICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
505, E-Mail: aippl@vsnl.net |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of India, SME Branch, New Alipore, 63, Nalini Ranjan Avenue, Block-F, Kolkata – 700 053, West Bengal, India E-Mail: sbi.12305@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum for
Recording Creation of Mortgage by Deposit of Title Deeds (SME-5). |
|
Date of
instrument Creating the charge |
03.05.2011 |
|
Amount secured by
the charge |
Rs.640.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit
@14.75% p.a. with monthly rests. Terms of
Repayment: The borrowings
are repayable on demand. The loan is for
Working Capital only which is repayable on demand according to Banking norms. Margin: 25% of Finished
Goods / Stocks, 30% of Domestic
Receivables and 15% of Letters of
Credit. Extent and
Operation of the charge: First Charge on
the whole of the mortgaged properties. |
|
Short particulars
of the property charged |
C.S. No.1930,
Plot No.226 of Block-III, Office Premises 91 and 92, 9th Floor,
"Bajaj Bhaban Co-Operative Society Limited", Backbay Reclamation
Scheme, Nariman Point, Fort Division, Tal and District-Mumbai-400021, admn.
carpet area 1860 sq. ft. 1. Registered 2. Registered
Deed of Declaration (BBE-3-3615-2011, dated 26.04.2011) executed by
Passionate Investment Private Limited formerly known as Motilal Oswal
Investments Limited. Together with
land, buildings and plant and machinery fixed thereto. |
|
Corporation identity number or foreign company registrations number of the company |
U24100MH2004PTC147318 |
|
Name of the company |
BALMUKUND CHEMICALS PRIVATE LIMITED |
|
Address |
505, |
|
This Form is for |
Creation of charge |
|
Type of Charges |
Immovable property |
|
Particular of the charge holder |
State Bank of Commercial Branch, N S Road, 8, N S Road, Kolkata – 700
001, West |
|
Nature or description of the instrument creating charge |
Memorandum for Recording Creation of Mortgage by Deposit of title deeds. |
|
Date of the instrument creating charge |
28.01.2008 |
|
Amount Secure by the charge |
Rs.82.500 millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
· Rate of interest As stipulated by the bank from time to time as per Banking norms and RBI Guidelines. · Terms of repayment The borrowings are repayable on demand. There is no Term Loan in the credit facility and as such no terms of repayment are stated. The loan is for Cash Credit only which is repayable on demand according to Banking norms. · Margin As stipulated by the bank for the respective assets from time to time. · Extent and operation of the charge First charge on the whole of the mortgaged properties. |
|
Particulars of the property charged |
Apartment No. 18 measuring about 2391 sq. ft. more or less situated at premises No. 6T, Bishop Lefroy Road, Kolkata – 700 020, Police Station – Bhowanipore, Ward No. 70, Sub-Registration Office – Alipore together with one garage space and one servant quarter on ground floor being title deed no. I-04705/2006 dated 31.10.2006 recorded in Book no. I, Volume No. 355, Pages from 99 to 125, being No. 04705 of year 2006. |
FIXED ASSETS
v Furniture and Fixtures
v Motor Car
v Computer
v Fax Machine
v Air Conditioner
v Land and Building
v Office Space
v Furniture and Fitting
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.44.05 |
|
|
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.63.46 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
|
TOTAL |
|
45 |
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.