Business
information report
1.
Summary Information
|
|
|
Country |
India |
|
Company Name |
MILLENNIUM
INSTRUMENTS LIMITED |
Principal Name 1 |
Mr. Gyanendra Kumar Sharma |
|
Status |
Moderate |
Principal Name 2 |
Ms. Madhu Sharma |
|
|
|
Registration # |
55-108842 |
|
Street Address |
K 109, 3rd Floor, Flat No.7, Ganesh Nagar Extension-II,
Shakarpur, Delhi-110092 |
||
|
Established Date |
12.12.2000 |
SIC Code |
-- |
|
Telephone# |
91-11-22014325 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-22014326 |
Business Style 2 |
Service Provider |
|
Homepage |
Product Name 1 |
Pressure Gauge, Transmitter |
|
|
# of employees |
Not Available |
Product Name 2 |
Temperature Transmitter |
|
Paid up capital |
Rs.
1,500,000/- |
Product Name 3 |
Indicating Instruments |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Bank of
Maharashtra |
|
Public Limited Corp. |
Yes |
Business Period |
11 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,183,000 |
Current Liabilities |
6,418,000 |
|
Inventories |
4,542,000 |
Long-term Liabilities |
3,199,000 |
|
Fixed Assets |
2,839,000 |
Other Liabilities |
343,000 |
|
Deferred Assets |
20,000 |
Total Liabilities |
9,960,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
3,124,000 |
|
|
|
Net Worth |
4,624,000 |
|
Total Assets |
14,584,000 |
Total Liab. & Equity |
14,584,000 |
|
Total Assets (Previous Year) |
10,464,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
32,141,000 |
Net Profit |
716,000 |
|
Sales(Previous yr) |
23,513,000 |
Net Profit(Prev.yr) |
198,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MILLENNIUM INSTRUMENTS LIMITED (w.e.f. 09.04.2007) |
|
|
|
|
Formerly Known
As : |
MILLENNIUM INSTRUMENTS PRIVATE LIMITED (w.e.f. 20.03.2007) MILLENNIUM INSTRUMENTS AND ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
K 109, 3rd Floor, Flat No.7, Ganesh Nagar Extension-II,
Shakarpur, Delhi-110092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.12.2000 |
|
|
|
|
Com. Reg. No.: |
55-108842 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2000PLC108842 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM12055B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM7246C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Service Providing of instrumentation products and
services solutions-certified calibrations, systems integration |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 18000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings 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, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
K 109, 3rd Floor, Flat No.7, Ganesh Nagar Extension-II,
Shakarpur, Delhi-110092, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
101, 1st Floor, ‘Dwarkashish’ A-158, Main Road, Vikas Marg,
Shakarpur, Delhi-110092, India |
|
Tel. No.: |
91-11-22014325 / 22014327 / 65094516 |
|
Fax No.: |
91-11-22014326 |
|
E-Mail : |
|
|
|
|
|
Factory : |
F-12, Site-B, Upsidc Industrial Area, Surajpur, Greater Noida, Gautam
Budh Nagar, Uttar Pradesh, India |
|
|
|
|
Branch Office : |
41A, Syed Amir Avenue, 1st Floor, Kolkata-700019, India |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Gyanendra Kumar Sharma |
|
Designation : |
Managing Director |
|
Address : |
K-109, Flat
No.7, 3rd Floor, Ganesh Nagar, Extension-II, Shakarpur,
Delhi-110092, India |
|
Date of Appointment : |
10.04.2007 |
|
DIN No.: |
01227162 |
|
|
|
|
Name : |
Ms. Madhu Sharma |
|
Designation : |
Director |
|
Address : |
2nd Floor,
Jaina Complex, 3 Veer Saverkar Block, Shakarpur, Delhi-110092, India |
|
Date of Appointment : |
22.01.2003 |
|
DIN No.: |
00603985 |
|
|
|
|
Name : |
Mr. Abhishek Sharma |
|
Designation : |
Director |
|
Address : |
Flat No. 7, K-109,
Kashyap Farm, Ganesh Nagar Part-II, Shakarpur, Delhi, India |
|
Date of Appointment : |
19.03.2007 |
|
DIN No.: |
01320655 |
|
|
|
|
Name : |
Mr. Avnish Kumar Sharma |
|
Designation : |
Director |
|
Address : |
Village Surajpur, Greater Noida-201306, Uttar Pradesh, India |
|
Date of Appointment : |
19.03.2007 |
|
DIN No.: |
01320769 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Gyanendra Kumar
Sharma |
18120 |
|
Madhu Sharma |
81380 |
|
Abhishek Sharma |
100 |
|
Avnish Kumar
Sharma |
100 |
|
Puneet Sharma |
100 |
|
Neelam Sharma |
100 |
|
Narendra Singh
Tomer |
100 |
|
H.C. Financial
Services, India |
50000 |
|
Total |
150000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Service Providing of instrumentation products and
services solutions-certified calibrations, systems integration |
PRODUCTION STATUS
|
Particulars |
Actual
Production |
|
Pressure Gauge,
Transmitter |
2820 |
|
Temperature
Gauge, RTD |
1710 |
|
Temperature
Transmitter |
3222 |
|
Indicating
Instruments |
2036 |
|
Digital
Temperature Indicater/ Controller |
2990 |
GENERAL INFORMATION
|
Customers : |
·
RANBAXY ·
Indian oil ·
IFFCO ·
Reliance ·
Flex ·
Bajaj Hindustan limited ·
NTPC |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of Maharashtra, Preet Vihar Branch, F-12,
Peet Vihar-110092, Delhi, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rishi Bansal and Associates Chartered Accountant |
|
Address : |
102, Shree Mahaveer Arcade, C-19, Sector-15, Maharaja Agarsen Road,
Vasundhara, Ghaziabad-201012, Uttar Pradesh, India |
|
Pan No.: |
AABFS1608P |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.500 |
1.200 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.461 |
|
|
3] Reserves & Surplus |
3.124 |
1.202 |
0.197 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.624 |
2.402 |
1.658 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.199 |
3.652 |
1.301 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.545 |
|
|
TOTAL BORROWING |
3.199 |
3.652 |
1.846 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.823 |
6.054 |
3.504 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.839 |
2.474 |
2.658 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.020 |
0.013 |
0.008 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.542
|
1.716 |
1.133 |
|
|
Sundry Debtors |
4.454
|
4.575 |
2.635 |
|
|
Cash & Bank Balances |
0.683
|
0.010 |
0.013 |
|
|
Other Current Assets |
0.262
|
0.215 |
0.204 |
|
|
Loans & Advances |
1.784
|
1.461 |
0.185 |
|
Total
Current Assets |
11.725
|
7.977 |
4.170 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.952
|
2.585 |
1.479 |
|
|
Other Current Liabilities |
1.466
|
1.679 |
1.739 |
|
|
Provisions |
0.343
|
0.146 |
0.114 |
|
Total
Current Liabilities |
6.761
|
4.410 |
3.332 |
|
|
Net Current Assets |
4.964
|
3.567 |
0.838 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.823 |
6.054 |
3.504 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
32.141 |
23.513 |
14.860 |
|
|
|
Other Income |
0.585 |
0.236 |
0.147 |
|
|
|
TOTAL |
32.726 |
23.749 |
15.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
23.802 |
16.896 |
10.241 |
|
|
|
Manufacturing Expenses |
2.158 |
2.354 |
1.767 |
|
|
|
Personnel Expenses |
2.479 |
2.419 |
1.645 |
|
|
|
Administrative Expenses |
3.670 |
1.686 |
1.113 |
|
|
|
Increase / Decrease in Stock |
(0.610) |
(0.143) |
(0.160) |
|
|
|
TOTAL |
31.499 |
23.212 |
14.606 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.227 |
0.537 |
0.401 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.228 |
0.233 |
0.266 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.999 |
0.304 |
0.135 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.283 |
0.106 |
0.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.716 |
0.198 |
0.059 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
0.171 |
0.339 |
0.045 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
13.145 |
8.995 |
7.829 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.77 |
1.66 |
0.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.19
|
0.83 |
0.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.11
|
1.29 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.85
|
2.91 |
1.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.13 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.15
|
3.36 |
3.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73
|
1.81 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:-
The Company has earned
a net profit before taxes of Rs. 0.999 million as compared to net profit before
taxes of Rs. 0.304 million in the Previous year.
FORM 8
|
Corporate
identity number of the company |
U74899DL2000PLC108842 |
|
Name of the
company |
MILLENNIUM INSTRUMENTS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
K 109, 3rd Floor, Flat No.7, Ganesh Nagar Extension-II, Shakarpur, Delhi-110092, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Others |
|
Particular of
charge holder |
Bank of Maharashtra, Preet Vihar Branch, F-12, Peet Vihar-110092,
Delhi, India |
|
Nature of instrument
creating charge |
1. Hypothecation
of Stocks and Receivables 2. Equitable
Mortgage of F-12 Site Surajpur Industrial Area Gautam Budgh Nagar , Uttar
Pradesh |
|
Date of
instrument Creating the charge |
20.05.2011 |
|
Amount secured by
the charge |
Rs. 4.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest BPLR+2.75% i.e.
12.75 % per Annum , with monthly rests ( As per scheme for Finance to trade
and service(New) Terms of repayment cash Credit Limit Margin 25% Extent and operation of the charge Total outstanding
Amount including interest and other charges Other Personal
guarantee of directors |
|
Description of
the property charged indicating whether it is a charged on |
Equitable
Mortgage of F-12 Site Surajpur Industrial Area Gautam Budgh Nagar , Uttar
Pradesh |
|
Date of acquisition of the property |
20.05.2011 |
|
Amount of the charge |
Rs. 4.500
Millions |
|
Particulars of the property charged |
Equitable Mortgage
of F-12 Site Surajpur Industrial Area Gautam Budgh Nagar , Uttar Pradesh |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
Mortgage of F-12 Site Surajpur Industrial Area Gautam Budgh Nagar , Uttar
Pradesh |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Sunil Tenja |
|
Charge
identification number of the charge to be modified |
90064580 |
|
Particulars of
the present modification |
Enhancement of
cash credit limit to 4.500 millions |
FIXED ASSETS
·
Land
·
Building
·
Furniture and Fixtures
·
Air Conditioner
·
Plant and Machinery
·
Computer
·
Office Equipments
·
Mobile Phones
·
Camera
·
Car
WEB SITE DETAILS
PROFILE
Subject established in the year 2000 with an idea and concept to provide
ultimate solution and satisfaction to cater all type of industries from general
purpose to highly sophisticated instrumentation.
At Subject, they give value to words very seriously as they keep their
commitment positive and response it accordingly. They believe to get
satisfaction only by providing quality products in time and also they
understand that cost is significant factor to their customers. All these have
been made possible through their group of expert professional equipped with
modern machineries.
They operate a wide network with sophisticated communication links with their
offices, representatives and dealer in major cities .Their quality policies are
laid down on the grounds of Total Quality Management. To adhere to these
standards. At MIEPL they constantly upgrade their technology and resources by
confirming to National and International procedures and third party
inspections. Their state-of-the-art laboratories are equipped with the latest
testing equipment. MIEPL products are approved by the leading Indian well
reputed clients like NTPC, RAPS, IOCL, NPCIL, BHEL, PTPS, IGL etc. All this
backed by a committed team of professionals who continuously develop newer
ideas. Hence they have been successfully supplying a wide range of products to
the fortune companies in the Indian customers like Reliance, Jubilant Group,
Bajaj Group, Balrampur Group and other process industries, etc.
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. 51.44 |
|
|
1 |
Rs. 80.37 |
|
Euro |
1 |
Rs. 69.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.